INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2020

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,
	2020				2019
(in thousands)	Amount		%		Amount		%
Provision for income taxes at the statutory rate of 21%	$	(16,666)	21.0	%	$	17,166	21.0	%
Increase (reduction) in taxes resulting from:
Excess tax benefit on share-based compensation		(1,029)	1.3	%		(741)	(0.9)	%
Tax exempt interest income		(313)	0.4	%		(345)	(0.4)	%
Dividends received deduction		(271)	0.3	%		(203)	(0.2)	%
ESOP dividends paid deduction		(132)	0.2	%		(137)	(0.2)	%
Nondeductible expenses		203	(0.3)	%		509	0.6	%
Other items, net		111	(0.1)	%		19	0.0	%
Total tax expense (benefit)	$	(18,097)	22.8	%	$	16,268	19.9	%