Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Effective Tax Rate and Statutory Federal Income Tax Rate

The effective tax rate and the statutory federal income tax rate are reconciled for the periods indicated as follows:

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Federal statutory income tax rate		35.0	%		35.0	%		35.0	%		35.0	%
State income taxes, net of federal tax benefit		7.1			6.7			7.0			6.7
Tax-exempt interest on municipal obligations		(0.3	)		(0.5	)		(0.4	)		(0.4	)
Increase in cash value of insurance policies		(1.2	)		(1.5	)		(1.3	)		(1.3	)
Nondeductible merger expenses		1.3			—			0.9			—
Other		0.3			0.3			0.4	%		0.4
Effective Tax Rate		42.2	%		40.0	%		41.6	%		40.4	%