v3.26.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2026
INCOME TAXES  
Schedule of provision for income taxes

  ​ ​ ​

Three Months Ended

  ​ ​ ​

Three Months Ended

June 30, 2026

June 30, 2025

(In Thousands)

Current federal income tax expense

$

4,316

$

4,447

Current state income tax expense

 

241

163

Deferred income tax expense

 

(1,714)

(116)

Income tax expense

$

2,843

$

4,494

  ​ ​ ​

Six Months Ended

Six Months Ended

  ​ ​ ​

June 30, 2026

  ​ ​ ​

June 30, 2025

(In Thousands)

Current federal income tax expense

$

8,720

$

8,178

Current state income tax expense

 

815

 

883

Deferred income tax expense

 

(2,672)

 

(277)

Income tax expense

$

6,863

$

8,784

Schedule of reconciliations of the company's effective tax rates to the statutory corporate tax rates

Three Months Ended

Three Months Ended

 

June 30, 2026

June 30, 2025

 

  ​ ​ ​

(Dollars In Thousands)

  ​ ​ ​

(Dollars In Thousands)

Tax at statutory rate

$

3,914

21.0

%

$

5,099

21.0

%

Nontaxable interest and dividends

(52)

(0.3)

(99)

(0.4)

U.S. federal tax credits, net (primarily low-income housing)

(990)

(5.3)

(858)

(3.5)

State income/franchise taxes, net of federal benefit

92

0.5

345

1.4

Other

(121)

(0.6)

7

$

2,843

15.3

%

$

4,494

18.5

%

Six Months Ended

Six Months Ended

 

June 30, 2026

June 30, 2025

 

  ​ ​ ​

(Dollars In Thousands)

  ​ ​ ​

(Dollars In Thousands)

Tax at statutory rate

$

8,428

21.0

%

$

9,603

21.0

%

Nontaxable interest and dividends

(104)

(0.3)

(195)

(0.4)

U.S. federal tax credits, net (primarily low-income housing)

(1,979)

(4.9)

(1,717)

(3.8)

State income/franchise taxes, net of federal benefit

578

1.4

733

1.6

Other

(60)

(0.1)

360

0.8

$

6,863

17.1

%

$

8,784

19.2

%