Taxes On Income (Tables)

12 Months Ended

Dec. 31, 2016

Taxes On Income [Abstract]

Components of taxes on income

	For the Year Ended December 31,
(Dollars in thousands)	2016		2015		2014
Current tax (benefit) expense:
Federal	$	8,809	$	7,534	$	3,251
State		173		143		186
Deferred tax expense (benefit):
Federal		44		1,126		7,970
State		783		990		1,210
Taxes on income	$	9,809	$	9,793	$	12,617

Reconciliation from the expected tax exense (benefit) to consolidated effective income tax expense (benefit)

	For the Year Ended December 31,
(Dollars in thousands)	2016		2015		2014
Computed tax (benefit) expense at statutory rates	$	9,630	$	9,520	$	11,777
Increase (decrease) in income taxes resulting from:
Benefit of income not subject to U.S. Federal income tax		(632)		(621)		(209)
Expenses not deductible for U.S. Federal income tax		216		220		129
State income taxes, net of Federal income tax benefit		621		736		907
Other		(26)		(62)		13
Taxes on income	$	9,809	$	9,793	$	12,617

Temporary differences that give rise to the deferred tax assets

		At December 31,
(Dollars in thousands)		2016		2015
Deferred tax assets:
	Provision for loan losses	$	10,976	$	10,291
	Net operating loss carryforward		380		858
	Write-downs on other real estate		-		57
	Nonaccrual loan interest		510		603
	Deferred compensation & profit sharing accrual		782		711
	Investments		306		311
	Section 597 gain - FDIC-assisted acquisition		388		472
	Accrued expenses		859		1,013
	Loan purchase accounting adjustment		1,392		2,725
	Stock-based compensation		805		629
	Other		659		(2)
Total deferred tax assets			17,057		17,668
Deferred tax liabilities:
	Accumulated depreciation		(2,966)		(2,877)
	Amortizable assets		(933)		(1,089)
	Dividend - Equity vs. Cost Method		(471)		(393)
	Prepaid expenses		(110)		(109)
	FHLB stock dividends		(65)		(132)
Total deferred tax liabilities			(4,545)		(4,600)
	Deferred taxes payable on investment
	securities available for sale		643		885
Net deferred tax asset		$	13,155	$	13,953