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Network
2313301 - Disclosure - INCOME TAXES (Tables)
(http://www.allegiancebank.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of Components of Provision for Federal Income Taxes
The components of the provision for federal income taxes are as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Current
$
11,162

 
$
8,221

 
$
4,551

Deferred
(1,608
)
 
(446
)
 
277

Total
$
9,554

 
$
7,775

 
$
4,828

 
 
Schedule of Effective Income Tax Rate Reconciliation
Reported income tax expense differs from the amounts computed by applying the U.S. federal statutory income tax rate of 35% to income before income taxes for the years ended December 31, 2016, 2015 and 2014 due to the following:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Taxes calculated at statutory rate
$
11,342

 
$
8,247

 
$
4,685

Increase (decrease) resulting from:
 

 
 

 
 

Qualified stock options
67

 
393

 
180

Merger related expenses

 

 
192

Tax exempt income
(1,929
)
 
(890
)
 
(154
)
Other, net
74

 
25

 
(75
)
Total
$
9,554

 
$
7,775

 
$
4,828

 
 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are as follows:
 
As of December 31,
 
2016
 
2015
 
(Dollars in thousands)
Deferred tax assets:
 

 
 

Allowance for credit losses
$
6,938

 
$
5,252

Net unrealized loss on available for sale securities
1,642

 

Deferred compensation
168

 
210

Total deferred tax assets
8,748

 
5,462

 
 
 
 
Deferred tax liabilities:
 

 
 

Core deposit intangible and other purchase accounting adjustments
(1,953
)
 
(1,713
)
Net unrealized gain on available for sale securities

 
(1,086
)
Premises and equipment basis difference
(568
)
 
(798
)
Total deferred tax liabilities
(2,521
)
 
(3,597
)
Net deferred tax assets
$
6,227

 
$
1,865