Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Schedule of components of income taxes

	2014			2013			2012
	(in thousands)
Current income tax provision:
Federal	$	9,628		$	7,008		$	6,403
State	3,466			2,329			2,026
Total current income tax provision	13,094			9,337			8,429
Deferred income tax provision (benefit):
Federal	(1,789		)	(3,129		)	1,262
State	(586		)	(621		)	298
Total deferred income tax provision (benefit)	(2,375		)	(3,750		)	1,560
Total income tax provision	$	10,719		$	5,587		$	9,989

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

	2014			2013			2012
	(in thousands)
Statutory federal income tax provision	$	9,459		$	5,103		$	8,760
California franchise tax, net of federal income tax effect	1,926			1,027			1,842
Other, including tax exempt income	(666		)	(543		)	(613		)
Total income tax provision	$	10,719		$	5,587		$	9,989

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

	2014			2013			2012
	(in thousands)
Deferred tax assets:
Accrued expenses	$	1,616		$	891		$	442
Net operating loss	2,703			3,353			3,673
Allowance for loan losses, net of bad debt charge-offs	5,158			3,336			3,390
Directors deferred compensation	1,750			1,896			—
Unrealized loss on available for sale securities	(362		)	2,160			—
State taxes	1,238			858			765
Other-than-temporary impairment	—			684			2,180
Stock based compensation	313			273			6
Total deferred tax assets	12,416			13,451			10,884
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(169		)	(306		)	(560		)
Deferred FDIC gain	(1,731		)	(1,944		)	(2,367		)
Core deposit intangibles	(1,518		)	(1,813		)	—
Depreciation	321			(216		)	(111		)
Other	(991		)	(695		)	(187		)
Total deferred tax liabilities	(4,088		)	(4,974		)	(3,997		)
Net deferred tax asset	$	8,328		$	8,477		$	6,887