XML 55 R45.htm IDEA: XBRL DOCUMENT v3.22.2.2
Income Taxes - Schedule of Reconciliation of Income Tax Expense (Benefit) Attributable to Income from Operations with Amounts Computed by Applying U.S. Federal Tax Rate to Pretax Income from Continuing Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Reconciliation of income tax expense reported to amount computed by applying the U.S. federal tax rate        
Provision for income taxes at the statutory rate $ 116,487 $ 7,442 $ 127,401 $ 47,731
Increase (reduction) in taxes resulting from:        
Excess tax benefit on share-based compensation (95) (225) (2,270) (2,419)
Tax exempt interest income (280) (298) (850) (927)
Dividends received deduction (240) (223) (673) (707)
Investment tax credit (1,181) (801) (3,545) (2,404)
ESOP dividends paid deduction (136) (132) (404) (399)
Nondeductible expenses 34 642 608 1,879
Other items, net 220 (211) 829 468
Total tax expense $ 114,809 $ 6,194 $ 121,096 $ 43,222
Reconciliation of income tax expense rate to the U.S. federal tax rate        
Tax rate used (as a percent) 21.00% 21.00% 21.00% 21.00%
Excess tax benefit on share-based compensation (as a percent) 0.00% (0.60%) (0.40%) (1.10%)
Effective rate reduction due to tax exempt interest income (as a percent) (0.10%) (0.80%) (0.10%) (0.40%)
Effective rate reduction due to dividend received (as a percent) (0.00%) (0.60%) (0.10%) (0.30%)
Effective rate reduction due to investment tax credit (as a percent) (0.20%) (2.30%) (0.60%) (1.00%)
Effective rate reduction due to dividend paid to ESOP (as a percent) (0.00%) (0.40%) (0.00%) (0.20%)
Effective rate reduction due to nondeductible expenses (as a percent) 0.00% 1.80% 0.10% 0.80%
Effective rate reduction due to other items, net (as a percent) 0.00% (0.60%) 0.10% 0.20%
Total tax expense 20.70% 17.50% 20.00% 19.00%