|
Income Taxes (Details) (USD $)
|
3 Months Ended |
12 Months Ended |
|
Dec. 31, 2014
|
Sep. 30, 2014
|
Jun. 30, 2014
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Components of income taxes |
|
|
|
|
|
|
|
|
|
|
|
| Current |
|
|
|
|
|
|
|
|
$ 4,830,000 |
$ 4,020,000 |
$ 1,926,000 |
| Deferred |
|
|
|
|
|
|
|
|
12,704,000 |
10,091,000 |
8,571,000 |
| Total income tax expense |
4,763,000 |
4,708,000 |
4,025,000 |
4,038,000 |
3,528,000 |
3,572,000 |
3,787,000 |
3,224,000 |
17,534,000 |
14,111,000 |
10,497,000 |
| Reconciliation of federal and state income taxes at statutory rates to the income taxes included in the statements of operations |
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|
|
|
|
|
|
|
|
|
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| Income tax at statutory rate (as a percent) |
|
|
|
|
|
|
|
|
35.00% |
35.00% |
35.00% |
| Tax-exempt interest, net (as a percent) |
|
|
|
|
|
|
|
|
(2.60%) |
(3.50%) |
(4.50%) |
| State income taxes, net (as a percent) |
|
|
|
|
|
|
|
|
5.70% |
4.50% |
3.50% |
| Income on bank owned life insurance (as a percent) |
|
|
|
|
|
|
|
|
(1.00%) |
(0.90%) |
(1.80%) |
| Other, net (as a percent) |
|
|
|
|
|
|
|
|
(2.20%) |
(2.20%) |
(0.30%) |
| Total (as a percent) |
|
|
|
|
|
|
|
|
34.90% |
32.90% |
31.90% |
| Deferred tax assets: |
|
|
|
|
|
|
|
|
|
|
|
| Allowance for loan losses |
18,904,000 |
|
|
|
19,416,000 |
|
|
|
18,904,000 |
19,416,000 |
|
| Stock-based compensation |
1,472,000 |
|
|
|
1,319,000 |
|
|
|
1,472,000 |
1,319,000 |
|
| Loan adjustments |
94,000 |
|
|
|
108,000 |
|
|
|
94,000 |
108,000 |
|
| Deferred compensation |
2,057,000 |
|
|
|
2,015,000 |
|
|
|
2,057,000 |
2,015,000 |
|
| Accrued vacation |
527,000 |
|
|
|
545,000 |
|
|
|
527,000 |
545,000 |
|
| Employee costs |
656,000 |
|
|
|
1,264,000 |
|
|
|
656,000 |
1,264,000 |
|
| Other |
2,498,000 |
|
|
|
1,780,000 |
|
|
|
2,498,000 |
1,780,000 |
|
| Total |
26,208,000 |
|
|
|
26,447,000 |
|
|
|
26,208,000 |
26,447,000 |
|
| Investment securities: |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gains on securities available for sale |
(3,884,000) |
|
|
|
(3,119,000) |
|
|
|
(3,884,000) |
(3,119,000) |
|
| Other |
(1,997,000) |
|
|
|
(2,450,000) |
|
|
|
(1,997,000) |
(2,450,000) |
|
| Basis in premises and equipment |
(2,012,000) |
|
|
|
(2,590,000) |
|
|
|
(2,012,000) |
(2,590,000) |
|
| Mortgage servicing assets |
(1,549,000) |
|
|
|
(2,097,000) |
|
|
|
(1,549,000) |
(2,097,000) |
|
| Basis in core deposit and customer intangible assets |
(2,669,000) |
|
|
|
(3,908,000) |
|
|
|
(2,669,000) |
(3,908,000) |
|
| Deferred loan origination costs |
(257,000) |
|
|
|
(20,000) |
|
|
|
(257,000) |
(20,000) |
|
| Deferred tax liabilities |
(12,368,000) |
|
|
|
(14,184,000) |
|
|
|
(12,368,000) |
(14,184,000) |
|
| Net operating loss carryforward, net of valuation allowance |
8,333,000 |
|
|
|
23,379,000 |
|
|
|
8,333,000 |
23,379,000 |
|
| Net deferred tax assets |
22,173,000 |
|
|
|
35,642,000 |
|
|
|
22,173,000 |
35,642,000 |
|
| Operating loss carryforwards |
|
|
|
|
|
|
|
|
|
|
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| Valuation allowance required for other deferred tax assets |
0 |
|
|
|
|
|
|
|
0 |
|
|
| Indiana and Florida |
|
|
|
|
|
|
|
|
|
|
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| Operating loss carryforwards |
|
|
|
|
|
|
|
|
|
|
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| Net operating loss carryforwards |
1,000,000 |
|
|
|
1,500,000 |
|
|
|
1,000,000 |
1,500,000 |
|
| Valuation allowance |
1,000,000 |
|
|
|
|
|
|
|
1,000,000 |
|
|
| Federal |
|
|
|
|
|
|
|
|
|
|
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| Operating loss carryforwards |
|
|
|
|
|
|
|
|
|
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| Net operating loss carryforwards |
|
|
|
|
33,000,000 |
|
|
|
|
33,000,000 |
|
| Illinois |
|
|
|
|
|
|
|
|
|
|
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| Operating loss carryforwards |
|
|
|
|
|
|
|
|
|
|
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| Net operating loss carryforwards |
$ 114,000,000 |
|
|
|
$ 171,000,000 |
|
|
|
$ 114,000,000 |
$ 171,000,000 |
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