INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2016

INCOME TAXES

Schedule of reconciliation of income tax expense attributable to income from operations with amounts computed by applying the U.S. federal tax rate to pretax income from continuing operations

	For the Three-Month Periods Ended September 30,								For the Nine-Month Periods Ended September 30,
	2016				2015				2016				2015
(in thousands)	Amount		%		Amount		%		Amount		%		Amount		%
Provision for income taxes at the statutory rate of 35%	$	10,900	35.0	%	$	18,178	35.0	%	$	41,677	35.0	%	$	52,885	35.0	%
Increase (reduction) in taxes resulting from:
Tax exempt interest income		(1,020)	(3.2)	%		(1,082)	(2.1)	%		(3,149)	(2.6)	%		(3,098)	(2.0)	%
Dividends received deduction		(626)	(2.0)	%		(603)	(1.2)	%		(1,676)	(1.4)	%		(1,715)	(1.1)	%
ESOP dividends paid deduction		(238)	(0.8)	%		(234)	(0.4)	%		(714)	(0.6)	%		(693)	(0.5)	%
Other items, net		(137)	(0.5)	%		(230)	(0.4)	%		205	0.1	%		30	0.0	%
Total tax expense	$	8,879	28.5	%	$	16,029	30.9	%	$	36,343	30.5	%	$	47,409	31.4	%