v3.26.1
INCOME TAX
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAX
INCOME TAXES

The following table reconciles income taxes computed at the federal statutory rate to the income tax expense and effective tax rate recorded in the Consolidated Condensed Statements of Income for the three and six months ended June 30, 2026 and 2025.

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amount%Amount%Amount%Amount%
Income Before Income Taxes$47,750 $65,119 $74,837 $128,335 
Federal statutory income tax at 21%$10,028 21.0 %$13,675 21.0 %$15,716 21.0 %$26,950 21.0 %
State & Local taxes, net of Federal income tax effect(97)(0.2)%297 0.5 %(569)(0.7)%604 0.5 %
Tax-exempt interest income(4,808)(10.1)%(4,643)(7.1)%(9,621)(12.9)%(9,241)(7.2)%
Non-deductible FDIC premiums310 0.6 %162 0.2 %493 0.7 %291 0.2 %
Tax-exempt earnings and gains on life insurance(488)(1.0)%(401)(0.7)%(1,212)(1.6)%(859)(0.7)%
Other non-taxable/non-deductible items117 0.3 %124 0.2 %530 0.7 %236 0.2 %
Tax credits(1,240)(2.6)%(915)(1.4)%(2,444)(3.3)%(1,818)(1.4)%
Other(52)(0.1)%(12)— %(192)(0.3)%1 — %
Income tax expense and effective tax rate$3,770 7.9 %$8,287 12.7 %$2,701 3.6 %$16,164 12.6 %