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Income Taxes
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of the Company's consolidated provision for income taxes from operations are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Current income tax expense:
Federal$6,952 $1,574 $10,529 $4,781 
State517 414 886 614 
Total current income tax expense7,469 1,988 $11,415 $5,395 
Deferred income tax expense:
Federal2,541 7,207 $4,054 $12,295 
State646 1,247 1,019 1,442 
Total deferred income tax expense3,187 8,454 $5,073 $13,737 
Total income tax expense$10,656 $10,442 $16,488 $19,132 
A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Tax at statutory rate21.0 %21.0 %21.0 %21.0 %
Nondeductible compensation0.8 %— %0.7 %— %
Share-based compensation0.1 %(0.1)%0.1 %(0.2)%
State income taxes, net of federal benefit2.1 %3.0 %2.2 %1.9 %
Effective income tax rate24.0 %23.9 %24.0 %22.7 %
The Company's federal income tax returns for the years subsequent to December 31, 2019 remain subject to examination. The Company's income tax returns in major state income tax jurisdictions remain subject to examination for various periods subsequent to December 31, 2018. The Company currently believes that all other significant filing positions are highly certain and that all of its other significant income tax positions and deductions would be sustained under audit or the final resolution would not have a material effect on the consolidated financial statements. Therefore, the Company has not established any significant reserves for uncertain tax positions.