Income Taxes (Notes)

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

The following table sets forth information regarding the Company’s tax provision and applicable tax rates for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30						June 30
	2020			2019			2020			2019
	(Dollars in thousands)
Combined federal and state income tax provision	$	7,779		$	10,007		$	9,927		$	21,529
Effective income tax rate	23.80		%	24.63		%	16.12		%	24.64		%

The Company's provision for income taxes was $7.8 million and $10.0 million for the three months ended June 30, 2020 and 2019, respectively, and $9.9 million and $21.5 million for the six months ended June 30, 2020 and 2019, respectively. The lower tax provision for the six months ended June 30, 2020 compared to the six months ended June 30, 2019 was due to a $4.7 million discrete tax benefit recognized in the first quarter of 2020. This discrete benefit was associated with revised net operating loss (NOL) carryback provisions included in the federal Coronavirus, Aid, Relief and Economic Security Act ("CARES Act"), signed into law on March 27, 2020.