v3.26.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
The provision for income taxes is comprised of the following components for the periods indicated below:
 
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Income taxes currently payable$12,578 $10,529 $17,158 $17,428 
Deferred income taxes4,124 (1,658)17,070 (2,745)
Provision for income taxes$16,702 $8,871 $34,228 $14,683 
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: 

June 30,December 31,
(In thousands)20262025
Deferred tax assets:
Loans acquired$831 $1,241 
Allowance for credit losses55,326 52,923 
Valuation of foreclosed assets31 31 
Tax NOLs from acquisition6,109 6,507 
Deferred compensation payable3,939 3,960 
Accrued equity and other compensation7,674 11,626 
Acquired securities6,987 7,010 
Capitalized intangibles(1)
128,719 145,126 
Right-of-use lease liability9,209 12,653 
Unrealized loss on AFS securities96,727 98,492 
Allowance for unfunded commitments6,082 6,094 
Other7,418 7,488 
Gross deferred tax assets329,052 353,151 
Deferred tax liabilities:
Goodwill and other intangible amortization(35,286)(36,335)
Accumulated depreciation(21,558)(22,475)
Right-of-use lease asset(8,859)(12,175)
Unrealized gain on swaps(11,431)(14,437)
Other— (1,271)
Gross deferred tax liabilities(77,134)(86,693)
Net deferred tax asset$251,918 $266,458 
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(1)Capitalized intangibles primarily consist of deferred loan origination costs, net with deferred loan origination fees, capitalized under Treas. Reg §1.263(a)-4 and amortized as ordinary deductions over the estimated life of the related loans.
Schedule of Reconciliation of Income Tax Expense
A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown for the periods indicated below:
 
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Computed at the statutory rate (21%)$17,512 $13,365 $35,587 $21,387 
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit1,795 708 2,999 436 
Discrete items related to share-based compensation(89)(64)52 131 
Tax exempt interest income(1,797)(3,809)(3,585)(7,617)
Tax exempt earnings on BOLI(882)(754)(1,821)(1,550)
Federal tax credits(493)(653)(1,038)(1,300)
Other differences, net656 78 2,034 3,196 
Actual tax provision$16,702 $8,871 $34,228 $14,683