Rendering
Component: (Network and Table) |
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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)
Reporting Entity [Axis] | 0001642081 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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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 |
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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 |
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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: | |
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| 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: | |
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| 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 |
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