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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of expected income tax expense (benefit) at the federal statutory rate to the Company’s provision for income taxes and effective tax rate
A reconciliation of expected income tax expense at the federal statutory income tax rate and the amounts recorded in the Consolidated Financial Statements were as follows:
 
 
Three Months Ended March 31,
 
 
2017
 
2016
(Dollars in thousands)
 
Amount
 
Rate
 
Amount
 
Rate
Tax at statutory rate
 
$
20,951

 
35.0
 %
 
$
11,677

 
35.0
 %
Changes resulting from:
 
 
 
 
 
 
 
 
Tax-exempt interest income
 
(1,757
)
 
(2.9
)
 
(1,139
)
 
(3.4
)
State taxes, net of federal benefit
 
212

 
0.4

 

 

Change in valuation allowance
 
11

 

 

 

Bank-owned life insurance adjustments
 
(344
)
 
(0.6
)
 
(68
)
 
(0.2
)
Income tax credits, net
 
(695
)
 
(1.2
)
 
(797
)
 
(2.4
)
Tax benefits in excess of compensation costs on share-based payments
 
(6,134
)
 
(10.2
)
 
(343
)
 
(1.0
)
Other, net
 
13

 

 
427

 
1.2

Income tax expense
 
$
12,257

 
20.5
 %
 
$
9,757

 
29.2
 %