XML 46 R37.htm IDEA: XBRL DOCUMENT
v3.23.2

INCOME TAX (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Income Tax Disclosure [Abstract] |
Summary of Reconciliation of Federal Statutory to Actual Tax Expense | The following table summarizes the major components creating differences between income taxes at the federal statutory and the effective tax rate recorded in the consolidated statements of income for the three and six months ended June 30, 2023 and 2022:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Reconciliation of Federal Statutory to Actual Tax Expense: |  |  |  |  |  |  |
Federal statutory income tax at 21% | $ | 15,028 |  |  | $ | 9,002 |  |  | $ | 30,861 |  |  | $ | 20,731 |
Tax-exempt interest income | (4,456) |  |  | (4,877) |  |  | (9,323) |  |  | (9,397) |
Share-based compensation | (3) |  |  | (55) |  |  | (64) |  |  | (67) |
Tax-exempt earnings and gains on life insurance | (441) |  |  | (275) |  |  | (711) |  |  | (629) |
Tax credits | (73) |  |  | (83) |  |  | (165) |  |  | (170) |
State Income Tax | 520 |  |  | 24 |  |  | 1,220 |  |  | 519 |
Other | 124 |  |  | 143 |  |  | 198 |  |  | 158 |
Actual Tax Expense | $ | 10,699 |  |  | $ | 3,879 |  |  | $ | 22,016 |  |  | $ | 11,145 |
Effective Tax Rate | 15.0 | % |  | 9.0 | % |  | 15.0 | % |  | 11.3 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration