INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Components of income tax expense (benefit)

(In thousands)			2019		2018		2017
Current income taxes:
Federal			$	28,404	$	18,615	$	22,355
State				6,598		7,183		5,146
	Total current			35,002		25,798		27,501
Deferred income taxes:
Federal				234		4,808		6,973
State				1,192		1,218		252
	Total deferred			1,426		6,026		7,225
		Total income tax expense	$	36,428	$	31,824	$	34,726

Deferred tax assets and liabilities

(In thousands)				2019		2018
Deferred Tax Assets:
	Allowance for loan and lease losses			$	14,287	$	13,979
	Lease liability				19,616		-
	Fair value acquisition adjustments				1,322		2,253
	Employee benefits				4,535		4,339
	Pension plan OCI				2,845		3,228
	Deferred loan fees and costs				471		306
	Non-qualified stock option expense				659		457
	Unrealized losses on investments available-for-sale				-		2,343
	Losses on other real estate owned				201		202
	Other than temporary impairment				76		76
	Loan and deposit premium/discount				1,422		3,950
	Deferred rent				-		1,270
	Reserve for recourse loans				166		210
	Loss carryforward				916		1,323
	Tax credits carryforwards				-		251
	Other				159		280
		Gross deferred tax assets			46,675		34,467
		Valuation allowance			(880)		(644)
		Net deferred tax asset			45,795		33,823
Deferred Tax Liabilities:
	Right of use asset				(17,688)		-
	Unrealized gains on investments available-for-sale				(1,379)		-
	Pension plan costs				(2,373)		(2,607)
	Depreciation				(2,744)		(3,307)
	Intangible assets				(3,338)		(3,701)
	Bond accretion				(322)		(188)
	Section 481 adjustments				(1,335)		(2,053)
	Other				(585)		(404)
		Gross deferred tax liabilities			(29,764)		(12,260)
			Net deferred tax asset	$	16,031	$	21,563

Reconcilements between statutory federal income tax rate and effective tax rate

(Dollars in thousands)			2019				2018				2017
					Percentage of				Percentage of				Percentage of
					Pre-Tax				Pre-Tax				Pre-Tax
			Amount		Income		Amount		Income		Amount		Income
Income tax expense at federal statutory rate			$	32,101	21.0	%	$	27,865	21.0	%	$	30,776	35.0	%
Increase (decrease) resulting from:
	Tax exempt income, net			(2,101)	(1.4)			(2,427)	(1.8)			(3,929)	(4.5)
	Bank-owned life insurance			(665)	(0.4)			(909)	(0.7)			(841)	(0.9)
	State income taxes, net of federal income tax benefits			6,154	4.0			6,637	5.0			3,508	4.0
	Federal tax rate change			-	-			-	-			5,544	6.3
	Other, net			939	0.6			658	0.5			(332)	(0.4)
		Total income tax expense and rate	$	36,428	23.8	%	$	31,824	24.0	%	$	34,726	39.5	%