INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Components of Income Tax Expense (Benefit)

The provision for income tax expense for the three and three months ended March 31, 2018 and 2017 is as follows:

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	Three Months Ended
	March 31,
	2018			2017
	(in thousands)
Federal:
Current	$	3,878		$	658
Deferred	(2,076		)	527
Federal income tax expense	1,802			1,185
State:
Current	1,002			172
Deferred	(433		)	78
State income tax expense	569			250
Total income tax expense	$	2,371		$	1,435

Schedule of Effective Income Tax Rate Reconciliation

The actual income tax expense differs from the “expected” income tax expense (computed by applying the combined applicable effective federal and state tax rates to income before income tax expense) as follows:

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	Three Months Ended
	March 31,
	2018			2017
	(in thousands)
Computed expected tax expense provision, at federal rate	$	2,020		$	1,360
State tax, net of federal tax benefit	401			53
Other	(50		)	22
Total income tax expense	$	2,371		$	1,435