The following is a summary of the major items comprising the differences in taxes from continuing operations computed at the federal statutory rate and as recorded in the consolidated statements of income:


	Three Months Ended June 30,						Six Months Ended June 30,
(dollars in thousands)	2026			2025			2026			2025
Provision at statutory rate of 21%	$	68,079		$	32,698		$	130,085		$	70,826
State income taxes	14,047			5,094			29,593			11,995
Tax credit investments - federal:
New market tax credits	(7,868)			(4,419)			(15,058)			(7,784)

Nontaxable or nondeductible items:
Tax-exempt interest	(5,955)			(5,599)			(12,175)			(9,851)
FDIC premiums	2,854			2,816			5,743			4,853


Other, net	(386)			(292)			(5,820)			(2,837)
Income tax expense	$	70,771		$	30,298		$	132,368		$	67,202
Effective tax rate	21.8		%	19.5		%	21.4		%	19.9		%