Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Summary Of Deferred Tax Assets And Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	2017		2016
Previously securitized loans	$	441	$	3,950
Allowance for loan losses	4,385		7,303
Deferred compensation payable	2,517		4,099
Underfunded pension liability	1,527		2,739
Accrued expenses	1,057		1,721
Impaired asset losses	607		4,625
Unrealized securities losses	166		1,338
Intangible assets	438		1,312
Other	3,136		4,716
Total Deferred Tax Assets	14,274		31,803
Other	2,361		3,760
Total Deferred Tax Liabilities	2,361		3,760
Net Deferred Tax Assets	$	11,913	$	28,043

Summary Of Income Tax Expense

Significant components of the provision for income taxes are as follows (in thousands): 

	2017		2016		2015
Current:
Federal	$	20,090	$	20,100	$	20,830
State	1,436		1,166		957
Total current tax expense	21,526		21,266		21,787
Total deferred tax expense	14,909		3,817		6,627
Income tax expense	$	36,435	$	25,083	$	28,414

Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate

A reconciliation of the significant differences between the federal statutory income tax rate and the Company’s effective income tax rate is as follows (in thousands):

	2017			2016			2015
Computed federal taxes at statutory rate	$	31,761		$	27,025		$	28,879
State income taxes, net of federal tax benefit	1,321			888			887
Tax effects of:
Tax-exempt interest income	(1,098		)	(708		)	(498		)
Bank-owned life insurance	(1,474		)	(1,164		)	(1,181		)
Change in tax rate	7,070			—			—
Other items, net	(1,145		)	(958		)	327
Income tax expense	$	36,435		$	25,083		$	28,414

Reconciliation Of The Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands):

	2017			2016
Beginning balance	$	1,847		$	2,164
Additions for current year tax positions	325			339
Additions for prior year tax positions	226			196
Decreases related to lapse of applicable statute of limitation	(509		)	(852		)
Ending balance	$	1,889		$	1,847