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INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Federal and state income tax expense and the statutory tax rate and the actual effective tax rate consist of the following:
 
Three Months Ended
March 31,
(in thousands)
2018
 
2017
Current income taxes:
 
 
 
Federal taxes
$
17,700

 
$
6,688

State taxes
1,704

 
499

Total current income taxes
19,404

 
7,187

Deferred income taxes:
 
 
 
Federal taxes
1,902

 
1,690

State taxes
(38
)
 
(2,393
)
Total deferred income taxes
1,864

 
(703
)
Total income taxes
$
21,268

 
$
6,484

Statutory tax rate
21.0
%
 
35.0
%
Effective tax rate
19.7
%
 
22.0
%