INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Reconciliation of income tax expense (benefit)

The actual income tax expense for the three and six months ended June 30, 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   June 30,						Six months ended   June 30,
($ in thousands)	2017			2016			2017			2016
Computed "expected" income tax expense	$	2,530		$	2,830		$	5,484		$	10,137
Increases (decreases) in tax resulting from:
Tax-exempt interest income	(761		)	(697		)	(1,466		)	(1,392		)
Dividends received deduction	(348		)	(349		)	(654		)	(774		)
Proration of tax-exempt interest and dividends received deduction	166			157			318			325
Other, net	138			18			(321		)	(114		)
Total income tax expense	$	1,725		$	1,959		$	3,361		$	8,182