XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
INCOME TAXES (Tables)
 9 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Reconciliation of income tax expense (benefit)
The actual income tax expense for the three and nine months ended September 30, 2016 and 2015 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 
 September 30,
 
Nine months ended 
 September 30,
($ in thousands)
 
2016
 
2015
 
2016
 
2015
Computed "expected" income tax expense
 
$
1,767

 
$
5,573

 
$
11,904

 
$
20,207

Increases (decreases) in tax resulting from:
 
 
 
 
 
 
 
 
Tax-exempt interest income
 
(709
)
 
(687
)
 
(2,101
)
 
(2,072
)
Dividends received deduction
 
(336
)
 
(266
)
 
(1,110
)
 
(809
)
Proration of tax-exempt interest and dividends received deduction
 
157

 
143

 
482

 
432

Other, net
 
39

 
(31
)
 
(75
)
 
(292
)
Total income tax expense
 
$
918

 
$
4,732

 
$
9,100

 
$
17,466