INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of income tax expense (benefit)

The actual income tax expense for the three months ended March 31, 2014 and 2013 differed from the “expected” income tax expense for those periods (computed by applying the United States federal corporate tax rate of 35 percent to income before income tax expense) as follows:

	Three months ended March 31,
	2014			2013
Computed "expected" income tax expense	$	5,211		$	7,178
Increases (decreases) in tax resulting from:
Tax-exempt interest income	(944		)	(943		)
Dividends received deduction	(220		)	(195		)
Proration of tax-exempt interest and dividends received deduction	175			171
Other, net	72			25
Income tax expense	$	4,294		$	6,236