INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2018

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 June 30,								For the Six-Month Periods Ended June 30,
	2018				2017				2018				2017
(in thousands)	Amount		%		Amount		%		Amount		%		Amount		%
Provision for income taxes at the statutory rate of 21% in 2018 and 35% in 2017	$	8,308	21.0	%	$	11,912	35.0	%	$	11,327	21.0	%	$	21,168	35.0	%
Increase (reduction) in taxes resulting from:
Excess tax benefit on share-based compensation		(924)	(2.3)	%		(2,791)	(8.2)	%		(2,067)	(3.9)	%		(3,234)	(5.3)	%
Tax exempt interest income		(504)	(1.3)	%		(1,160)	(3.4)	%		(1,085)	(2.0)	%		(2,338)	(3.9)	%
Dividends received deduction		(169)	(0.4)	%		(405)	(1.2)	%		(366)	(0.7)	%		(935)	(1.5)	%
ESOP dividends paid deduction		(145)	(0.4)	%		(251)	(0.7)	%		(284)	(0.5)	%		(484)	(0.8)	%
Other items, net		(255)	(0.6)	%		523	1.5	%		948	1.8	%		266	0.4	%
Total tax expense	$	6,311	16.0	%	$	7,828	23.0	%	$	8,473	15.7	%	$	14,443	23.9	%