Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

Schedule of components of income taxes

	2012		2011		2010
	(in thousands)
Current income tax provision:
Federal	$	6,403	$	3,781	$	1,697
State	2,026		1,386		602
Total current income tax provision	8,429		5,167		2,299
Deferred income tax provision (benefit):
Federal	1,262		899		(121		)
State	298		345		(95		)
Total deferred income tax provision (benefit)	1,560		1,244		(216		)
Total income tax provision	$	9,989	$	6,411	$	2,083

Schedule of reconciliation from statutory federal income taxes to the Company's effective income taxes

	2012			2011			2010
	(in thousands)
Statutory federal income tax provision	$	8,760		$	5,774		$	2,149
California franchise tax, net of federal income tax effect	1,842			1,214			335
Other, including tax exempt income	(613		)	(577		)	(401		)
Total income tax provision	$	9,989		$	6,411		$	2,083

Schedule of deferred tax assets (liabilities) comprised of the temporary differences between the financial statement carrying amounts and the tax basis of assets

	2012			2011
	(in thousands)
Deferred tax assets:
Accrued expenses	$	442		$	652
Depreciation on premises and equipment	—			98
Net operating loss	3,673			4,283
Allowance for loan losses, net of bad debt charge-offs	3,390			3,507
State taxes	765			471
Capital loss on mutual funds	281			814
Other-than-temporary impairment	2,180			2,068
Restricted stock and options expense	6			6
Other	147			73
Total deferred tax assets	10,884			11,972
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(560		)	(758		)
Deferred FDIC gain	(2,367		)	(1,641		)
Depreciation	(111		)	—
Unrealized gain on available for sale securities	(772		)	(221		)
Other	(187		)	(354		)
Total deferred tax liabilities	(3,997		)	(2,974		)
Net deferred tax asset	$	6,887		$	8,998