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Basis of Accounting and Consolidation (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Estimated Useful Lives for Major Depreciable Classification of Premises and Equipment The estimated useful lives for each major depreciable classification of premises and equipment are as follows:

 

Buildings and improvements

20 years to 40 years

Leasehold improvements

5 years to 15 years

Furniture and equipment

3 years to 7 years

Schedule of Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss included in stockholders’ equity as of December 31, 2024 and 2023 are as follows (in thousands):

 

 

 

Unrealized Gain

 

 

 

(Loss) on

 

 

 

Securities

 

December 31, 2024

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(194,144

)

Tax benefit

 

 

51,761

 

Balance at December 31, 2024

 

$

(142,383

)

December 31, 2023

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(192,149

)

Tax benefit

 

 

55,722

 

Balance at December 31, 2023

 

$

(136,427

)

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Loss

Amounts reclassified from accumulated other comprehensive loss and the affected line items in the statements of income during the years ended December 31, 2024, 2023, and 2022, were as follows (in thousands):

 

 

 

Amounts Reclassified from Other Comprehensive Income

 

 

Affected Line Item in the

 

 

2024

 

 

2023

 

 

2022

 

 

Statements of Income

Realized gains (losses) on available-for-sale securities

 

$

(433

)

 

$

3,383

 

 

$

33

 

 

Securities gains, net (total reclassified amount before tax)

Income tax benefit (expense)

 

 

119

 

 

 

(981

)

 

 

(10

)

 

Tax expense

Total reclassifications out of accumulated other comprehensive income

 

$

(314

)

 

$

2,402

 

 

$

23

 

 

Net reclassified amount