XML 51 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule Of Components Of The Income Taxes (Benefit)

		For the years ended
		December 31,
		2024			2023			2022
			(Dollars in thousands)
Current tax provision
Federal		$	54,569		$	55,314		$	29,994
State			17,730			14,845			11,837
			72,299			70,159			41,831
Deferred tax provision (benefit)
Federal			2,272			(4,925)			5,206
State			45			(756)			664
			2,317			(5,681)			5,870
		$	74,616		$	64,478		$	47,701

Schedule Of Income Tax Expenses And Statutory Federal Income Tax Rate

		For the years ended
		December 31,
		2024			2023			2022
			(Dollars in thousands)
Computed tax expense at statutory rate		$	61,353		$	53,923		$	37,410
State taxes			12,011			10,885			9,499
Tax-exempt interest income			(766)			(459)			(480)
Meals and entertainment			57			82			6
Civil money penalty			—			—			368
Other net nondeductible (deductible) items			1,281			(49)			(22)
Other			680			96			920
		$	74,616		$	64,478		$	47,701

Schedule Of Deferred Tax Assets And Liabilities

		For the years ended
		December 31,
		2024			2023
			(Dollars in thousands)
Deferred tax assets:
Allowance for credit losses		$	8,526		$	9,874
Non-accrual interest			1,993			3,408
Deferred compensation			747			734
Nonqualified stock options			1,623			1,523
Capital loss limitations			5,701			6,280
Tax deductible goodwill			682			713
Operating lease liabilities			5,515			4,618
Unrealized losses on investment securities available-for-sale			5,909			6,509
Fair value adjustment to investments			44			802
Deferred income			225			—
Other			1,000			178
Total gross deferred tax assets			31,965			34,639
Federal and state valuation allowance			(5,701)			(6,280)
Deferred tax liabilities:
Depreciation			2,140			2,771
Right of use asset			5,250			4,369
Total deferred tax liabilities			7,390			7,140
Net deferred tax asset		$	18,874		$	21,219

Reconciliation Of Unrecognized Tax Benefits

		For the years ended
		December 31,
		2024			2023			2022
		(in thousands)
Beginning balance at January 1		$	—		$	—		$	338
Decreases in tax provisions for prior years			—			—			(338)
Gross unrecognized tax benefits at December 31		$	—		$	—		$	—

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration