INCOME TAX

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAX

INCOME TAX

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 condensed statements of income for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025			2024
Reconciliation of Federal Statutory to Actual Tax Expense:
Federal statutory income tax at 21%	$	13,275		$	11,501
Tax-exempt interest income	(4,598)			(4,352)
Non-deductible FDIC premiums	129			139
Tax-exempt earnings and gains on life insurance	(458)			(334)
Tax credits	(903)			(304)
State Income Tax	307			34
Other	125			141
Actual Tax Expense	$	7,877		$	6,825
Effective Tax Rate	12.5		%	12.5		%