Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The components of the Company's consolidated provision for income taxes from operations are as follows:

	Three Months Ended March 31,
	2024		2023
	(In thousands)
Current income tax expense:
Federal	$	3,577	$	3,207
State	369		200
Total current income tax expense	3,946		3,407
Deferred income tax expense:
Federal	1,513		5,088
State	373		195
Total deferred income tax expense	1,886		5,283
Total income tax expense	$	5,832	$	8,690

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:

	Three Months Ended March 31,
	2024		2023
	(In thousands)
Tax at statutory rate	21.0	%	21.0	%
Nondeductible compensation	0.5	%	—	%
Share-based compensation	—	%	(0.4)	%
State income taxes, net of federal benefit	2.4	%	0.8	%
Effective income tax rate	23.9	%	21.4	%