INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31,
	2017				2016
(in thousands)	Amount		%		Amount		%
Provision for income taxes at the statutory rate of 35%	$	9,255	35.0	%	$	15,958	35.0	%
Increase (reduction) in taxes resulting from:
Excess tax benefit on share-based compensation		(443)	(1.7)	%		—	0.0	%
Tax exempt interest income		(1,179)	(4.5)	%		(1,100)	(2.4)	%
Dividends received deduction		(530)	(2.0)	%		(565)	(1.2)	%
ESOP dividends paid deduction		(233)	(0.9)	%		(232)	(0.5)	%
Other items, net		(255)	(0.9)	%		139	0.2	%
Total tax expense	$	6,615	25.0	%	$	14,200	31.1	%