Note 11 - Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2017 |
Notes Tables |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Federal | | $ | 59,433 | | | $ | 28,788 | | | $ | 31,587 | | State | | | 28,278 | | | | 22,364 | | | | 26,396 | | Total Current | | $ | 87,711 | | | $ | 51,152 | | | $ | 57,983 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Federal | | $ | 31,818 | | | | 11,775 | | | $ | 3,738 | | State | | | 2,736 | | | | 4,174 | | | | (1,734 | ) | Total Deferred | | $ | 34,554 | | | $ | 15,949 | | | $ | 2,004 | | Total income tax expense | | $ | 122,265 | | | $ | 67,101 | | | $ | 59,987 | |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | Loan loss allowance, due to differences in computation of bad debts | | $ | 37,157 | | | $ | 51,192 | | Share-based compensation | | | 2,630 | | | | 4,729 | | Accrual for bonuses | | | 630 | | | | 6,095 | | Non-accrual interest | | | 2,100 | | | | 4,246 | | Write-down on equity securities and venture capital investments | | | 2,561 | | | | 4,437 | | Depreciation and amortization | | | 1,564 | | | | 8,334 | | State tax | | | 6,783 | | | | 6,426 | | Unrealized loss on interest rate swaps | | | 1,158 | | | | 1,763 | | Unrealized loss on securities available-for-sale, net | | | - | | | | 1,121 | | Investment in affordable housing partnerships | | | 580 | | | | - | | Basis difference in acquired assets | | | 1,676 | | | | - | | Tax credits carried forward | | | 9,278 | | | | - | | Net operating loss carried forward | | | 18,375 | | | | - | | Other, net | | | 3,279 | | | | 3,598 | | Gross deferred tax assets | | | 87,771 | | | | 91,941 | | | | | | | | | | | | | | | | | | | | Deferred loan costs | | | (7,655 | ) | | | (8,695 | ) | Investment in affordable housing partnerships | | | - | | | | (2,659 | ) | Basis difference in acquired assets | | | - | | | | (4,841 | ) | Dividends on Federal Home Loan Bank common stock | | | (1,021 | ) | | | (1,322 | ) | Other, net | | | (3,758 | ) | | | (3,228 | ) | Gross deferred tax liabilities | | | (12,434 | ) | | | (20,745 | ) | Net deferred tax assets | | $ | 75,337 | | | $ | 71,196 | |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | | | | | | | | | | | | | | | | | Tax provision at Federal statutory rate | | $ | 104,407 | | | | 35.0 | % | | $ | 84,770 | | | | 35.0 | % | | $ | 77,384 | | | | 35.0 | % | State income taxes, net of Federal income tax benefit | | | 20,616 | | | | 6.9 | | | | 17,250 | | | | 7.1 | | | | 14,656 | | | | 6.6 | | Deferred taxes write-down due to Tax Cuts and Jobs Act | | | 23,365 | | | | 7.8 | | | | - | | | | - | | | | - | | | | - | | Excess deduction for stock option and RSUs | | | (3,146 | ) | | | (1.0 | ) | | | - | | | | - | | | | - | | | | - | | Non-taxable bargain purchase gain | | | (1,970 | ) | | | (0.7 | ) | | | - | | | | - | | | | - | | | | - | | Low income housing and other tax credits | | | (20,656 | ) | | | (6.9 | ) | | | (37,901 | ) | | | (15.6 | ) | | | (30,986 | ) | | | (14.0 | ) | Non-deductible stock options expense | | | - | | | | - | | | | 3,469 | | | | 1.4 | | | | - | | | | - | | Other, net | | | (351 | ) | | | (0.1 | ) | | | (487 | ) | | | (0.2 | ) | | | (1,067 | ) | | | (0.5 | ) | Total income tax expense | | $ | 122,265 | | | | 41.0 | % | | $ | 67,101 | | | | 27.7 | % | | $ | 59,987 | | | | 27.1 | % |
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