INCOME TAXES (Tables)

3 Months Ended

Jun. 30, 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 June 30,								For the Six-Month Periods Ended June 30,
	2020				2019				2020				2019
(in thousands)	Amount		%		Amount		%		Amount		%		Amount		%
Provision for income taxes at the statutory rate of 21%	$	24,124	21.0	%	$	10,254	21.0	%	$	7,458	21.0	%	$	27,419	21.0	%
Increase (reduction) in taxes resulting from:
Excess tax benefit on share-based compensation		(265)	(0.2)	%		(2,191)	(4.5)	%		(1,293)	(3.6)	%		(2,932)	(2.3)	%
Tax exempt interest income		(323)	(0.3)	%		(309)	(0.6)	%		(636)	(1.8)	%		(654)	(0.5)	%
Dividends received deduction		(212)	(0.2)	%		(214)	(0.4)	%		(484)	(1.4)	%		(417)	(0.3)	%
ESOP dividends paid deduction		(137)	(0.1)	%		(140)	(0.3)	%		(269)	(0.8)	%		(277)	(0.2)	%
Nondeductible expenses		161	0.1	%		414	0.8	%		364	1.0	%		922	0.7	%
Other items, net		(635)	(0.5)	%		547	1.1	%		(524)	(1.4)	%		568	0.5	%
Total tax expense (benefit)	$	22,713	19.8	%	$	8,361	17.1	%	$	4,616	13.0	%	$	24,629	18.9	%