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)
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