XML 94 R84.htm IDEA: XBRL DOCUMENT v3.23.2
Income Taxes - Summary of Differences in Taxes from Continuing Operations Computed at Statutory Rate (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Tax Disclosure [Abstract]        
Provision at statutory rate of 21% $ 42,510 $ 29,389 $ 81,995 $ 21,766
Tax-exempt income:        
Tax-exempt interest (4,605) (3,413) (9,091) (6,406)
Section 291/265 interest disallowance 532 38 918 66
Company-owned life insurance income (945) (938) (1,572) (1,656)
Tax-exempt income (5,018) (4,313) (9,745) (7,996)
State income taxes 8,552 4,085 16,693 758
Interim period effective rate adjustment 993 (3,967) (723) 3,073
Tax credit investments - federal (2,526) (1,292) (5,051) (2,561)
Officer compensation limitation 1,040 402 2,080 651
Non-deductible FDIC premiums 2,037 885 4,147 1,371
Other, net (195) (225) (582) (812)
Income tax expense (benefit) $ 47,393 $ 24,964 $ 88,814 $ 16,250
Effective tax rate 23.40% 17.80% 22.80% 15.70%