v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents the reconciliation of income taxes computed at the federal statutory income tax rate of 21% to the actual effective rate for the periods indicated:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
 (Dollars in thousands)
Income tax expense at Federal statutory rate$3,037 $3,359 $6,430 $4,801 
State tax, net of Federal tax benefit147 147 312 208 
Tax-exempt instruments(266)(237)(581)(470)
BOLI surrender515 — 515 — 
Federal tax credits and other benefits (1)
(1,172)(975)(2,358)(1,984)
Effects of BOLI(258)(185)(437)(366)
Restricted stock unit excess (benefit) liability(38)17 (55)267 
Other, net279 (290)666 500 
Income tax expense$2,244 $1,836 $4,492 $2,956