INCOME TAX (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Summary of Reconciliation of Federal Statutory to Actual Tax Expense

The following table summarizes the major components creating differences between income taxes at the federal statutory and the effective tax rate recorded in the consolidated statements of income for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Reconciliation of Federal Statutory to Actual Tax Expense:
Federal statutory income tax at 21%	$	9,238		$	15,028		$	20,739		$	30,861
Tax-exempt interest income	(4,396)			(4,456)			(8,748)			(9,323)
Non-deductible FDIC premiums	143			113			282			173
Share-based compensation	(15)			(3)			15			(64)
Tax-exempt earnings and gains on life insurance	(405)			(441)			(739)			(711)
Tax credits	(360)			(73)			(664)			(165)
State Income Tax	(225)			520			(191)			1,220
Other	87			11			198			25
Actual Tax Expense	$	4,067		$	10,699		$	10,892		$	22,016
Effective Tax Rate	9.2		%	15.0		%	11.0		%	15.0		%