Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Income Tax Expense (Benefit)

		2017			2016			2015
Current tax expense (benefit):
Federal	$	(3,031	)	$	13,846		$	8,720
State		573			82			21
Total current tax expense		(2,458	)		13,928			8,741
Deferred tax expense (benefit):
Federal		12,297			(2,175	)		1,440
State		106			457			358
Total deferred tax expense (benefit)		12,403			(1,718	)		1,798
Total income tax expense	$	9,945		$	12,210		$	10,539

Income Tax Expense Differed From Statutory Federal Income Tax Rate

	2017		2016		2015
Statutory federal tax rate	35.0	%	35.0	%	35.0	%
Increase (decrease) resulting from:
Tax exempt interest income	(5.6	)	(5.6	)	(6.1	)
Tax credits and adjustments	(6.7	)	0.3		(0.7	)
Non-taxable earnings on company owned life insurance	(1.4	)	(2.2	)	(1.8	)
State taxes, net of federal tax benefit	1.1		0.8		0.7
Nondeductible expenses	0.3		0.2		0.3
Goodwill and contingent consideration adjustments	0.3		(0.9	)	(0.3	)
Other, net	(0.1	)	0.1		-
Effective tax rate	22.9	%	27.7	%	27.1	%

Income Tax Expense Allocation

		2017		2016			2015
Income tax expense	$	9,945	$	12,210		$	10,539
Shareholder's equity		3,909		(1,649	)		(1,456	)

Net Deferred Tax Assets

		2017			2016
Deferred tax assets:
Allowance for loan losses	$	8,741		$	11,938
Deferred compensation		748			1,357
Investment in limited partnerships		599			943
SERP agreements		320			682
Interest on nonaccrual loans		305			453
Share-based compensation		464			604
Net unrealized loss on securities available for sale		1,334			2,326
Other		66			120
Gross deferred tax assets		12,577			18,423
Deferred tax liabilities:
REIT dividend		9,412			-
Prepaid expenses		720			-
Prepaid pension costs		3,255			4,727
Intangible assets		2,594			4,059
Depreciation and amortization		2,023			1,085
Loan servicing assets		250			415
Other		102			234
Gross deferred tax liabilities		18,356			10,520
Net deferred tax asset (liability)	$	(5,779	)	$	7,903