XML 128 R118.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes (Reconciliation of Expected Income Tax Benefit Computed Using Federal Statutory Income Tax Rate) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]                      
Computed tax expense(1) [1]                 $ 15,032 $ 13,813 $ 21,824
Change in federal corporate income tax rate(1) [1]                 0 0 14,263
Tax exempt income                 (738) (741) (1,291)
Income from life insurance                 (509) (510) (829)
State taxes, net of federal benefit                 1,003 905 630
Share-based awards                 (60) (250) (390)
Low income housing credits                 (430) (465) (366)
Other                 78 (46) 37
Income tax expense $ 3,921 $ 3,696 $ 3,275 $ 3,484 $ 3,502 $ 3,238 $ 2,887 $ 3,079 14,376 12,706 33,878
Income before income taxes $ 19,159 $ 18,184 $ 16,479 $ 17,757 $ 17,479 $ 17,295 $ 15,104 $ 15,899 $ 71,579 $ 65,777 $ 62,354
Effective tax rate                 20.10% 19.30% 54.30%
[1] (1)On December 22, 2017, the Tax Act was enacted, reducing the U.S. federal corporate income tax rate from 35.0% to 21.0%. The Company recognized the effect of the tax law changes in the period of enactment, which resulted in a reduction to net deferred tax assets and a corresponding charge to income tax expense of $14.3 million.