Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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):

	2019		2018
Allowance for loan losses	$	2,708	$	3,742
Deferred compensation payable	2,912		2,734
Underfunded pension liability	1,912		1,794
Accrued expenses	1,196		2,276
Impaired asset losses	703		1,201
Unrealized securities losses	—		1,871
Intangible assets	479		783
Other	6,584		6,492
Total Deferred Tax Assets	16,494		20,893
Unrealized securities gains	3,709		—
Other	6,116		3,555
Total Deferred Tax Liabilities	9,825		3,555
Net Deferred Tax Assets	$	6,669	$	17,338

Summary Of Income Tax Expense

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

	2019		2018			2017
Current:
Federal	$	16,636	$	16,846		$	20,090
State	2,560		2,413			1,436
Total current tax expense	19,196		19,259			21,526
Total deferred tax expense	4,939		(1,244		)	14,909
Income tax expense	$	24,135	$	18,015		$	36,435

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):

	2019			2018			2017
Computed federal taxes at statutory rate	$	23,832		$	18,483		$	31,761
State income taxes, net of federal tax benefit	2,376			1,730			1,321
Tax effects of:
Tax-exempt interest income	(733		)	(694		)	(1,098		)
Bank-owned life insurance	(791		)	(649		)	(1,474		)
Change in statutory tax rate	—			—			7,070
Other items, net	(549		)	(855		)	(1,145		)
Income tax expense	$	24,135		$	18,015		$	36,435

Reconciliation Of The Unrecognized Tax Benefits Rollforward

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

	2019			2018
Beginning balance	$	1,811		$	1,889
Additions for current year tax positions	115			184
Additions for prior year tax positions	377			241
Decreases related to lapse of applicable statute of limitation	(496		)	(503		)
Ending balance	$	1,807		$	1,811