Income Taxes (Tables)

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes is comprised of the following components for the periods indicated below:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2025		2024		2025		2024
Income taxes currently payable	$	10,529	$	7,605	$	17,428	$	13,360
Deferred income taxes	(1,658)		(1,617)		(2,745)		(1,238)
Provision for income taxes	$	8,871	$	5,988	$	14,683	$	12,122

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: 

	June 30,		December 31,
(In thousands)	2025		2024
Deferred tax assets:
Loans acquired	$	1,588	$	2,141
Allowance for credit losses	59,450		55,196
Valuation of foreclosed assets	375		374
Tax NOLs from acquisition	9,868		9,945
Deferred compensation payable	4,005		3,989
Accrued equity and other compensation	7,320		9,323
Acquired securities	7,526		7,504
Right-of-use lease liability	15,417		16,416
Unrealized loss on AFS securities	125,578		128,873
Allowance for unfunded commitments	6,087		6,069
Other	7,016		7,163
Gross deferred tax assets	244,230		246,993
Deferred tax liabilities:
Goodwill and other intangible amortization	(37,222)		(38,139)
Accumulated depreciation	(24,617)		(24,489)
Right-of-use lease asset	(14,908)		(15,920)
Unrealized gain on swaps	(17,254)		(25,174)
Other	(12,856)		(13,268)
Gross deferred tax liabilities	(106,857)		(116,990)
Net deferred tax asset	$	137,373	$	130,003

Schedule of Reconciliation of Income Tax Expense

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown for the periods indicated below:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2025		2024		2025		2024
Computed at the statutory rate (21%)	$	13,365	$	9,819	$	21,387	$	19,270
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit	708		(301)		436		(726)
Discrete items related to share-based compensation	(64)		14		131		468
Tax exempt interest income	(3,809)		(3,841)		(7,617)		(7,708)
Tax exempt earnings on BOLI	(754)		(781)		(1,550)		(1,621)
Federal tax credits	(653)		(561)		(1,300)		(1,121)
Other differences, net	78		1,639		3,196		3,560
Actual tax provision	$	8,871	$	5,988	$	14,683	$	12,122