INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Reconciliation of income tax expense (benefit)

The actual income tax expense for the three months ended March 31, 2017 and 2016 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,
($ in thousands)	2017			2016
Computed "expected" income tax expense	$	2,954		$	7,307
Increases (decreases) in tax resulting from:
Tax-exempt interest income	(705		)	(695		)
Dividends received deduction	(306		)	(425		)
Proration of tax-exempt interest and dividends received deduction	152			168
Other, net	(459		)	(132		)
Total income tax expense	$	1,636		$	6,223