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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of income tax (benefit) expense attributable to income from operations

The income tax expense (benefit) attributable to income from operations is summarized as follows:

(In thousands)
Current
 
Deferred
 
Total
2019
 
 
 
 
 
Federal
$
15,161

 
$
2,668

 
$
17,829

State
2,782

 
405

 
3,187

Total
$
17,943

 
$
3,073

 
$
21,016

2018
 
 
 
 
 
Federal
$
16,391

 
$
2,281

 
$
18,672

State
3,060

 
73

 
3,133

Total
$
19,451

 
$
2,354

 
$
21,805

2017
 
 
 
 
 
Federal
$
26,860

 
$
14,749

 
$
41,609

State
1,162

 
(151
)
 
1,011

Total
$
28,022

 
$
14,598

 
$
42,620



Schedule of effective income tax rate reconciliation
The primary reasons for the differences between income tax expense and the amount computed by applying the statutory federal income tax rate to earnings are as follows:
 
2019
 
2018
 
2017
Statutory federal income tax rate
21.0
 %
 
21.0
 %
 
35.0
 %
State income taxes, net of federal benefit
2.5

 
2.4

 
0.7

Tax exempt income
(1.5
)
 
(1.5
)
 
(2.6
)
Excess benefits from equity-based compensation
(0.8
)
 
(0.6
)
 
(1.6
)
Bank-owned life insurance income
(0.5
)
 
(0.4
)
 
(0.8
)
Federal tax credit
(0.7
)
 
(0.6
)
 
(2.0
)
Enactment of Federal tax reform
0.0

 
0.0

 
15.7

All other
0.5

 
0.6

 
0.4

Total
20.5
 %
 
20.9
 %
 
44.8
 %

Schedule of deferred tax assets and liabilities Significant components of the Company’s deferred tax assets and liabilities as of December 31 were as follows:

(In thousands)
2019
 
2018
Deferred tax assets:
 
 
 
Allowance for loan and lease losses
$
9,913

 
$
10,676

Lease liability
8,363

 
0
Interest income on nonperforming loans
368

 
384

Compensation and benefits
10,972

 
10,885

Liabilities held at fair value
4

 
12

Other
1,842

 
2,333

Total
$
31,462

 
$
24,290

Deferred tax liabilities:
 
 
 
Prepaid pension
9,856

 
8,700

Right of use asset
7,790

 
0
Depreciation
4,688

 
4,193

Intangibles
1,128

 
971

Purchase accounting adjustments
274

 
328

Leases
2,472

 
1,790

   Other
1,478

 
1,459

Total deferred tax liabilities
$
27,686

 
$
17,441

Net deferred tax asset at year-end
$
3,776

 
$
6,849

Net deferred tax asset at beginning of year
$
6,849

 
$
9,203

Decrease in net deferred tax asset
(3,073
)
 
(2,354
)
Federal tax reform remeasurement of AOCI deferred tax asset
$
0

 
$
0

Deferred tax expense
$
3,073

 
$
2,354