Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of components of income taxes

Income taxes for the years ended December 31 consisted of the following:

	2016		2015			2014
	(dollars in thousands)
Current income tax provision:
Federal	$	16,928	$	12,460		$	9,628
State	4,655		4,144			3,466
Total current income tax provision	21,583		16,604			13,094
Deferred income tax provision (benefit):
Federal	2,379		(887		)	(1,789		)
State	1,253		(508		)	(586		)
Total deferred income tax provision (benefit)	3,632		(1,395		)	(2,375		)
Total income tax provision	$	25,215	$	15,209		$	10,719

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

A reconciliation from statutory federal income taxes to the Company's effective income taxes for the years ended December 31 is as follows:

	2016			2015			2014
	(dollars in thousands)
Statutory federal income tax provision	$	22,863		$	14,253		$	9,459
State taxes, net of federal income tax effect	4,135			2,886			1,926
Cash surrender life insurance	(407		)	(483		)	(324		)
Tax exempt interest	(764		)	(742		)	(614		)
Merger costs	533			447			410
LIHTC investments	(909		)	(871		)	(728		)
Other	(236		)	(281		)	590
Total income tax provision	$	25,215		$	15,209		$	10,719

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

Deferred tax assets (liabilities) were comprised of the following temporary differences between the financial statement carrying amounts and the tax basis of assets at December 31:

	2016			2015			2014
	(dollars in thousands)
Deferred tax assets:
Accrued expenses	$	2,839		$	1,717		$	1,802
Net operating loss	3,977			5,192			2,703
Allowance for loan losses, net of bad debt charge-offs	8,061			6,252			5,158
Deferred compensation	2,348			2,547			1,750
State taxes	1,879			1,451			1,238
Depreciation	1,090			651			321
Loan discount	3,477			—			—
Stock based compensation	1,108			639			313
Unrealized loss on available-for-sale securities	1,939			—			—
Total deferred tax assets	26,718			18,449			13,285
Deferred tax liabilities:
Deferred FDIC gain	(1,675		)	(1,656		)	(1,731		)
Core deposit intangibles	(3,331		)	(2,266		)	(1,518		)
Unrealized loss on available for sale securities	—			(231		)	(362		)
Loan origination costs	(4,208		)	—			—
Other	(697		)	(2,785		)	(291		)
Total deferred tax liabilities	(9,911		)	(6,938		)	(3,902		)
Net deferred tax asset	$	16,807		$	11,511		$	9,383