INCOME TAX (Tables)

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Summary of Reconciliation of Federal Statutory to Actual Tax Expense

The following table summarizes the major components creating differences between income taxes at the federal statutory and the effective tax rate recorded in the consolidated statements of income for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Reconciliation of Federal Statutory to Actual Tax Expense:
Federal statutory income tax at 21%	$	15,028		$	9,002		$	30,861		$	20,731
Tax-exempt interest income	(4,456)			(4,877)			(9,323)			(9,397)
Share-based compensation	(3)			(55)			(64)			(67)
Tax-exempt earnings and gains on life insurance	(441)			(275)			(711)			(629)
Tax credits	(73)			(83)			(165)			(170)
State Income Tax	520			24			1,220			519
Other	124			143			198			158
Actual Tax Expense	$	10,699		$	3,879		$	22,016		$	11,145
Effective Tax Rate	15.0		%	9.0		%	15.0		%	11.3		%