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INCOME TAX (Tables) | 9 Months Ended
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Sep. 30, 2024
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 condensed statements of income for the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Reconciliation of Federal Statutory to Actual Tax Expense: |  |  |  |  |  |  |
Federal statutory income tax at 21% | $ | 11,833 |  |  | $ | 13,728 |  |  | $ | 32,572 |  |  | $ | 44,589 |
Tax-exempt interest income | (4,409) |  |  | (4,469) |  |  | (13,157) |  |  | (13,792) |
Non-deductible FDIC premiums | 180 |  |  | 126 |  |  | 462 |  |  | 299 |
Share-based compensation | 98 |  |  | (108) |  |  | 113 |  |  | (172) |
Tax-exempt earnings and gains on life insurance | (579) |  |  | (369) |  |  | (1,318) |  |  | (1,080) |
Tax credits | (305) |  |  | (84) |  |  | (969) |  |  | (249) |
State Income Tax | 333 |  |  | 254 |  |  | 142 |  |  | 1,474 |
Other | 9 |  |  | (73) |  |  | 207 |  |  | (48) |
Actual Tax Expense | $ | 7,160 |  |  | $ | 9,005 |  |  | $ | 18,052 |  |  | $ | 31,021 |
Effective Tax Rate | 12.7 | % |  | 13.8 | % |  | 11.6 | % |  | 14.6 | %

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- 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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