Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of components of income tax expense (benefit) from operations

	Year ended December 31,
(In thousands)	2013		2012			2011
Current tax expense
Federal	$	10,322	$	11,895		$	9,748
State	336		672			511
Total current tax expense	10,658		12,567			10,259
Deferred tax benefit
Federal	450		(2,800		)	(1,934		)
State	120		(133		)	(134		)
Total deferred tax benefit	570		(2,933		)	(2,068		)
Total income tax expense	$	11,228	$	9,634		$	8,191

Schedule of components of income tax (benefit) expense recorded directly to stockholders' equity

	Year ended December 31,
(In thousands)	2013			2012			2011
Unrealized (loss) gain on securities available for sale	$	(4,234	)	$	(24	)	$	1,362
Reclassification adjustment for securities losses realized in income	2			—			—
Unrealized gain on derivatives	8			—			—
Compensation expense for tax purposes in excess of amounts recognized for financial reporting purposes	(265		)	(83		)	(125		)
Minimum pension liability adjustment	111			2			(111		)
Total income tax (benefit) expense recorded directly to stockholders’ equity	$	(4,378	)	$	(105	)	$	1,126

Schedule of analysis of the difference between the statutory and effective tax rates from operations

	Year ended December 31,
	2013		2012		2011
U.S. federal income tax rate	35.0	%	35.0	%	35.0	%
Tax exempt interest income	(2.1	)	(3.8	)	(3.7	)
Tax credits	(2.5	)	(2.2	)	(2.6	)
Cash surrender value of life insurance	(2.0	)	(1.9	)	(1.5	)
State income taxes	0.8		1.0		0.9
Nontaxable gain on acquisition	(0.4	)	—		—
Nondeductible acquisition costs	0.2		—		—
Establish deferred taxes on tax credit investments	—		—		(2.2	)
Other, net	0.2		(0.9	)	(0.1	)
	29.2	%	27.2	%	25.8	%

Schedule of effects of temporary differences that gave rise to significant portions of deferred tax assets and deferred tax liabilities

	December 31,
(In thousands)	2013		2012
Allowance for loan loss	$	10,236	$	11,495
Deferred compensation	4,778		3,950
Accrued expenses	1,604		1,451
Investments in partnerships	826		713
Write-downs and costs associated with other real estate owned	749		1,335
Loans	564		211
Other-than-temporary impairment	311		312
Other assets	299		324
Total deferred tax assets	19,367		19,791
Securities	354		4,088
Property and equipment	1,377		1,162
Loan costs	702		648
Prepayment penalty on modification of FHLB advances	156		263
Mortgage servicing rights	608		703
Leases	428		100
Core deposit intangible	772		—
Other liabilities	416		289
Total deferred tax liabilities	4,813		7,253
Net deferred tax asset	$	14,554	$	12,538

Schedule of reconciliation of the amount of unrecognized tax benefits

(In thousands)	2013			2012
Balance as of January 1	$	70		$	101
Increases - current year tax positions	11			10
Lapse of statute of limitations	(41		)	(41		)
Balance as of December 31	$	40		$	70