Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary Of Deferred Tax Assets And Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	2024		2023
Allowance for credit losses	$	4,495	$	4,553
Deferred compensation payable	3,441		3,336
Accrued expenses	2,365		2,575
Unrealized securities losses	34,973		33,524
Other	6,910		8,602
Total Deferred Tax Assets	52,184		52,590
Goodwill and other intangible assets	3,080		4,180
Other	7,400		6,194
Total Deferred Tax Liabilities	10,480		10,374
Deferred Tax Assets, net	$	41,704	$	42,216

Summary Of Income Tax Expense

Significant components of the provision for income taxes are as follows (in thousands): 

	2024		2023		2022
Current:
Federal	$	23,883	$	27,156	$	20,481
State	3,151		4,349		3,313
Total current tax expense	27,034		31,505		23,794
Total deferred tax expense	381		(2,764)		1,469
Income tax expense	$	27,415	$	28,741	$	25,263

Reconciliation Of The Significant Differences Between The Federal Statutory Income Tax Rate And Effective Income Tax Rate

A reconciliation of the significant differences between the federal statutory income tax rate and the Company’s effective income tax rate is as follows (in thousands):

	2024			2023			2022
Computed federal taxes at statutory rate	$	30,348		$	30,052		$	26,740
State income taxes, net of federal tax benefit	2,577			3,225			2,871
Tax effects of:
Tax-exempt interest income	(732)			(925)			(1,142)
Bank-owned life insurance	(818)			(1,268)			(1,167)
Income tax credits	(4,008)			(2,747)			(1,904)
Other items, net	48			404			(135)
Income tax expense	$	27,415		$	28,741		$	25,263
Effective tax rate	19.0		%	20.1		%	19.8		%

Reconciliation Of The Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands):

	2024		2023
Beginning balance	$	1,256	$	1,619
Additions for current year tax positions	309		230
Increases (decreases) for prior year tax positions	78		(44)
Decreases related to lapse of applicable statute of limitation	(368)		(549)
Ending balance	$	1,275	$	1,256