XML 131 R111.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Amount      
Income tax computed at statutory federal corporate income tax rate $ 30,476 $ 27,015 $ 11,954
State taxes, net of federal benefit 3,053 2,277 119
Investment securities impairment 0 431 0
Nondeductible acquisition costs 168 42 269
Common share awards (99) 12 74
Bank owned life insurance (872) (551) (371)
Investments in tax credit funds (352) (629) (381)
Captive insurance benefit (330) (421) (435)
Tax-exempt interest income (555) (921) (835)
Fixed asset depreciation 0 0 (1,142)
Other, net 274 94 163
Income tax expense $ 31,763 $ 27,349 $ 9,415
Rate      
Income tax computed at statutory federal corporate income tax rate 21.00% 21.00% 21.00%
State taxes, net of federal benefit 2.10% 1.80% 0.20%
Investment securities impairment 0.00% 0.30% 0.00%
Nondeductible acquisition costs 0.10% 0.00% 0.50%
Common share awards (0.10%) 0.00% 0.10%
Bank owned life insurance (0.60%) (0.40%) (0.60%)
Investments in tax credit funds (0.20%) (0.50%) (0.70%)
Captive insurance benefit (0.20%) (0.30%) (0.80%)
Tax-exempt interest income (0.40%) (0.70%) (1.50%)
Fixed asset depreciation 0.00% 0.00% (2.00%)
Other, net 0.20% 0.10% 0.30%
Income tax expense 21.90% 21.30% 16.50%