Rendering
Component: (Network and Table) |
---|
Network | 040 - Disclosure - Income Taxes (Tables) (http://www.mybankwell.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001505732 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
---|
2016-01-01 - 2016-12-31 |
---|
Income Tax Disclosure [Abstract] | |
Schedule of income tax expense |
|
|
|
2016
|
|
|
2015
|
|
|
2014
|
|
|
|
|
(In thousands)
|
|
Current provision: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
|
$ |
6,838 |
|
|
|
|
$ |
5,113 |
|
|
|
|
$ |
2,147 |
|
|
State
|
|
|
|
|
226 |
|
|
|
|
|
694 |
|
|
|
|
|
718 |
|
|
Total current
|
|
|
|
|
7,064 |
|
|
|
|
|
5,807 |
|
|
|
|
|
2,865 |
|
|
Deferred provision: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
|
|
(1,104) |
|
|
|
|
|
(1,749) |
|
|
|
|
|
(557) |
|
|
State
|
|
|
|
|
— |
|
|
|
|
|
783 |
|
|
|
|
|
(139) |
|
|
Total deferred
|
|
|
|
|
(1,104) |
|
|
|
|
|
(966) |
|
|
|
|
|
(696) |
|
|
Total income tax expense
|
|
|
|
$ |
5,960 |
|
|
|
|
$ |
4,841 |
|
|
|
|
$ |
2,169 |
|
|
|
|
Schedule of reconciliation of the anticipated income tax expense |
|
|
|
December 31,
|
|
|
|
|
2016
|
|
|
2015
|
|
|
2014
|
|
|
|
|
(In thousands)
|
|
Income tax expense at statutory federal rate
|
|
|
|
$ |
6,409 |
|
|
|
|
$ |
4,855 |
|
|
|
|
$ |
2,291 |
|
|
State tax expense, net of federal tax effect
|
|
|
|
|
147 |
|
|
|
|
|
566 |
|
|
|
|
|
259 |
|
|
Statutory rate reductions
|
|
|
|
|
— |
|
|
|
|
|
811 |
|
|
|
|
|
— |
|
|
Income exempt from tax
|
|
|
|
|
(687) |
|
|
|
|
|
(627) |
|
|
|
|
|
(523) |
|
|
Other items, net
|
|
|
|
|
91 |
|
|
|
|
|
42 |
|
|
|
|
|
19 |
|
|
Income tax expense before change in valuation allowance
|
|
|
|
|
5,960 |
|
|
|
|
|
5,647 |
|
|
|
|
|
2,046 |
|
|
Change in valuation allowance
|
|
|
|
|
— |
|
|
|
|
|
(806) |
|
|
|
|
|
123 |
|
|
Income tax expense
|
|
|
|
$ |
5,960 |
|
|
|
|
$ |
4,841 |
|
|
|
|
$ |
2,169 |
|
|
|
|
Schedule of components of deferred tax assets and liabilities |
|
|
|
December 31,
|
|
|
|
|
2016
|
|
|
2015
|
|
|
|
|
(In thousands)
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses
|
|
|
|
$ |
6,378 |
|
|
|
|
$ |
5,086 |
|
|
Net operating loss carryforwards
|
|
|
|
|
996 |
|
|
|
|
|
1,162 |
|
|
Purchase accounting adjustments
|
|
|
|
|
20 |
|
|
|
|
|
228 |
|
|
Deferred fees
|
|
|
|
|
1,437 |
|
|
|
|
|
1,262 |
|
|
Deferred expenses
|
|
|
|
|
716 |
|
|
|
|
|
767 |
|
|
Start-up costs
|
|
|
|
|
275 |
|
|
|
|
|
317 |
|
|
Unrealized loss on derivatives
|
|
|
|
|
— |
|
|
|
|
|
96 |
|
|
Depreciation
|
|
|
|
|
— |
|
|
|
|
|
82 |
|
|
Other
|
|
|
|
|
192 |
|
|
|
|
|
201 |
|
|
Gross deferred tax assets
|
|
|
|
|
10,014 |
|
|
|
|
|
9,201 |
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax bad debt reserve
|
|
|
|
|
195 |
|
|
|
|
|
645 |
|
|
Depreciation
|
|
|
|
|
255 |
|
|
|
|
|
— |
|
|
Unrealized gain on derivatives
|
|
|
|
|
258 |
|
|
|
|
|
— |
|
|
Unrealized gain on available for sale securities
|
|
|
|
|
221 |
|
|
|
|
|
219 |
|
|
Gross deferred tax liabilities
|
|
|
|
|
929 |
|
|
|
|
|
864 |
|
|
Net deferred tax asset
|
|
|
|
$ |
9,085 |
|
|
|
|
$ |
8,337 |
|
|
|
|