Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes is as follows:

	For the Year Ended December 31,
(In thousands)	2024		2023		2022
Current
Federal	$	19,415	$	14,716	$	2,770
State	5,887		6,061		(1,266)
Deferred
Federal	8,882		9,524		23,710
State	670		(82)		6,415
	$	34,854	$	30,219	$	31,629

Schedule of Effective Income Tax Rate Reconciliation

The difference between the total expected tax expense (computed by applying the U.S. Federal tax rate of 21% to pretax income) and the reported income tax provision relating to income before income taxes is as follows:

	For the Year Ended December 31,
(In thousands)	2024		2023		2022
Tax rate applied to income before income taxes	$	32,727	$	28,193	$	29,009
Increase (decrease) resulting from the effects of:
Nondeductible acquisition costs	—		300		924
Tax exempt interest on loans and securities	(852)		(639)		(406)
Income from bank owned life insurance	(2,108)		(2,217)		(935)
State income taxes	(1,377)		(1,256)		(1,081)
Tax credit investments	(641)		(402)		(406)
Stock compensation	66		(446)		(992)
Executive compensation disallowance	111		638		402
Other	371		69		(36)
Federal tax provision	28,297		24,240		26,479
State tax provision	6,557		5,979		5,150
Total income tax provision	$	34,854	$	30,219	$	31,629

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the significant components of the Company's deferred tax assets and liabilities as of:

	December 31,
(In thousands)	2024		2023
Allowance for credit losses	$	38,093	$	40,710
Other real estate owned	220		91
Accrued stock compensation	4,296		4,556
Federal tax loss carryforward	2,364		2,660
State tax loss carryforward	1,160		1,084
Lease liabilities	11,334		12,811
Net unrealized securities losses	49,446		50,817
Deferred compensation	3,118		2,828
Accrued interest and fee income	22,244		34,665
Other	4,951		7,027
Gross deferred tax assets	137,226		157,249
Less: Valuation allowance	—		—
Deferred tax assets net of valuation allowance	137,226		157,249
Core deposit intangible	(18,040)		(24,301)
Net unrealized derivatives gains	9		(670)
Premises and equipment	(841)		(1,771)
Right-of-use assets	(10,375)		(11,854)
Other	(4,990)		(5,421)
Gross deferred tax liabilities	(34,237)		(44,017)
Net deferred tax assets	$	102,989	$	113,232

Schedule of Income Tax Examinations

The following are the major tax jurisdictions in which the Company operates and the earliest tax year, exclusive of the impact of the net operating loss carryforwards, subject to examination:

Jurisdiction	Tax Year
United States of America	2021
Florida	2021