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Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
In July 2025, the United States enacted the One Big Beautiful Bill Act, which extends certain provisions of the Tax Cuts and Jobs Act of 2017 in addition to other changes. The Company continues to evaluate the impact the new legislation will have on the Company’s consolidated financial statements.
The following is a summary of the components of the provision for income taxes for the three and nine months ended September 30, 2025 and 2024:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2025202420252024
(In thousands)
Current:
Federal$27,861 $26,586 $77,855 $75,213 
State5,633 5,412 15,742 15,312 
Total current33,494 31,998 93,597 90,525 
Deferred:
Federal1,854 (2,453)6,371 570 
State375 (499)1,288 116 
Total deferred2,229 (2,952)7,659 686 
Income tax expense$35,723 $29,046 $101,256 $91,211 
The reconciliation between the statutory federal income tax rate and effective income tax rate is as follows for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Statutory federal income tax rate21.00 %21.00 %21.00 %21.00 %
Effect of non-taxable interest income(1.19)(1.28)(1.13)(0.98)
Stock compensation0.28 0.58 0.53 0.57 
State income taxes, net of federal benefit2.37 2.45 2.32 2.57 
Other(0.04)(0.25)(0.63)0.06 
Effective income tax rate22.42 %22.50 %22.09 %23.22 %
The types 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:
September 30,
2025		December 31,
2024
(In thousands)
Deferred tax assets:
Allowance for credit losses$78,193 $76,221 
Deferred compensation6,056 6,783 
Stock compensation3,523 4,981 
Non-accrual interest income1,547 1,798 
Real estate owned311 674 
Unrealized loss on investment securities, available-for-sale56,460 79,847 
Loan discounts2,369 3,323 
Investments22,699 26,042 
Accelerated depreciation on premises and equipment2,089 664 
Other12,683 14,634 
Gross deferred tax assets185,930 214,967 
Deferred tax liabilities:
Tax basis on acquisitions9,963 7,439 
Core deposit intangibles7,672 8,997 
FHLB dividends2,054 1,919 
Other10,278 9,915 
Gross deferred tax liabilities29,967 28,270 
Net deferred tax assets$155,963 $186,697 
The Company files income tax returns in the U.S. federal jurisdiction. The Company's income tax returns are open and subject to examinations from the 2021 tax year and forward. The Company's various state income tax returns are generally open from the 2021 and later tax return years based on individual state statute of limitations.