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 nine months ended September 30, 2026 and 2025.


	Three Months Ended September 30,								Nine Months Ended September 30,
	2026				2025				2026				2025








	Amount		%		Amount		%		Amount		%		Amount		%
Income Before Income Taxes	$	79,519			$	65,281			$	154,356			$	193,616
Federal statutory income tax at 21%	$	16,699	21.0	%	$	13,709	21.0	%	$	32,415	21.0	%	$	40,659	21.0	%
State & Local taxes, net of Federal income tax effect	675		0.8	%	314		0.5	%	106		0.1	%	918		0.5	%
Tax-exempt interest income	(4,707)		(5.9)	%	(4,640)		(7.1)	%	(14,328)		(9.3)	%	(13,881)		(7.2)	%
Non-deductible FDIC premiums	242		0.3	%	171		0.3	%	735		0.5	%	462		0.2	%

Tax-exempt earnings and gains on life insurance	(494)		(0.6)	%	(350)		(0.5)	%	(1,706)		(1.1)	%	(1,209)		(0.6)	%
Other non-taxable/non-deductible items	322		0.4	%	145		0.2	%	852		0.5	%	381		0.1	%
Tax credits	(1,252)		(1.6)	%	(952)		(1.5)	%	(3,696)		(2.4)	%	(2,770)		(1.4)	%
Other	(281)		(0.3)	%	119		0.1	%	(473)		(0.3)	%	120		0.1	%
Income tax expense and effective tax rate	$	11,204	14.1	%	$	8,516	13.0	%	$	13,905	9.0	%	$	24,680	12.7	%