INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAXES [Abstract]

Components of the Provision for Income Taxes

Components of the provision for income taxes were as follows:

	Year Ended December 31,
	2024			2023		2022
Current:
Federal	$	4,496		$	5,825	$	1,864
State		2,566			2,185		644
Total		7,062			8,010		2,508
Deferred:
Federal		(1,555	)		989		767
State		(687	)		643		527
Total		(2,242	)		1,632		1,294
Total provision	$	4,820		$	9,642	$	3,802

Reconciliation of Effective Tax Rate to U.S. Statutory Federal Income Tax Rate

The reconciliation of the effective tax rate to the U.S. Statutory Federal Income tax rate was:

	Year Ended December 31,
	2024			2023				2022
Income before taxes	$	14,711		$	35,639			$	16,436
Expected tax	$	3,089	21.0%	$	7,484		21.0%	$	3,452		21.0%
State tax (net of federal benefit)		1,483	10.1%		2,234		6.3%		925		5.6%
Other		248	1.7%		(76	)	-0.2%		(575	)	-3.5%
Total	$	4,820	32.8%	$	9,642		27.1%	$	3,802		23.1%

Components of Non-current Deferred Tax Assets (Liabilities)

The components of the non-current deferred tax assets (liabilities) were as follows:

	At December 31,
	2024			2023
Gross noncurrent deferred tax assets (liabilities)
Operating lease liability	$	40,209		$	26,835
Provision for credit losses		17,558			14,388
Finance lease liability		7,835			4,390
Depreciation and amortization		3,142			4,180
Stock-based compensation		843			1,223
Net operating loss carryforwards		807			1,040
Accrued expenses		26			225
Other intangibles		23			24
Pension plan liabilities		(416	)		(202	)
Goodwill		(603	)		(618	)
Finance lease right of use assets		(7,161	)		(4,224	)
Operating lease right-of-use assets		(36,904	)		(24,043	)
Noncurrent deferred tax assets, net	$	25,359		$	23,218