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,
	2026				2025				2026				2025








	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 premiums	310		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 items	117		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	%