Income Taxes (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Components of Income Tax Provision

The components of the income tax provision are detailed as follows for the dates indicated (dollars in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Current income tax expense
Federal	$	5,481	$	5,453	$	11,351	$	10,543
State	1,131		691		2,246		1,501
Total current income tax expense	6,612		6,144		13,597		12,044
Deferred tax expense
Federal	460		144		712		(336)
State	69		21		106		(50)
Total deferred income tax expense	529		165		818		(386)
Total income tax expense	$	7,141	$	6,309	$	14,415	$	11,658

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of taxes on income from the statutory income tax rate to income tax expense is as follows for the periods indicated (dollars in thousands):


	Three Months Ended				Three Months Ended
	June 30, 2026				June 30, 2025
	Amount		Percent		Amount		Percent
Income tax expense, computed at federal statutory rate of pretax income	$	6,066	21.00	%	$	5,597	21.00	%
State and local income taxes	948		3.28	%	562		2.11	%
Effect of nontaxable income and nondeductible expenses	127		0.44	%	20		0.07	%
Other	—		—	%	130		0.49	%
Total income tax expense	$	7,141	24.72	%	$	6,309	23.67	%


	Six Months Ended				Six Months Ended
	June 30, 2026				June 30, 2025
	Amount		Percent		Amount		Percent
Income tax expense, computed at statutory rate of pretax income	$	12,246	21.00	%	$	10,343	21.00	%
State and local income taxes	1,858		3.19	%	1,146		2.33	%
Effect of nontaxable income and nondeductible expenses	—		—	%	39		0.08	%
Other	311		0.53	%	130		0.26	%
Total income tax expense	$	14,415	24.72	%	$	11,658	23.67	%

Schedule of Income Taxes Paid

Income taxes paid were as follows for the periods indicated (dollars in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	Amount		Amount		Amount		Amount
Federal	$	3,175	$	10,200	$	3,175	$	10,200
State and local
Florida	575		—		575		213







All other states	1,934		3,255		2,224		3,135
Total income taxes paid	$	5,684	$	13,455	$	5,974	$	13,548

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following as of period end (dollars in thousands):


	June 30, 2026		December 31, 2025
Allowance for credit losses	$	2,277	$	2,518
Accrued expenses and other reserve accounts	1,879		1,802
Nonaccrual loan interest	1,055		846
Stock compensation	736		509
Other real estate owned valuation	112		31
Unrealized loss on debt securities available for sale	12		45
Other deferred tax assets	52		76
Total deferred tax assets	6,123		5,827
Mortgage servicing rights	5,481		4,030
Fixed assets	3,160		3,273

Goodwill and intangibles	412		472
Deferred loan costs/fees	1,544		1,732
Other deferred tax liabilities	163		106
Total deferred tax liabilities	10,760		9,613
Net deferred tax liability	$	(4,637)	$	(3,786)