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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2016
Income Taxes [Abstract]  
Summary of differences between income taxes at the federal statutory and effective tax rate



 

 

 

 

 

 

 



For the three months ended
September 30,

 

For the nine months ended
September 30,



2016

 

2015

 

2016

 

2015



(unaudited)

 

(unaudited)

Statutory tax rate

34.0% 

 

0.0% 

 

34.0% 

 

0.0% 

Increase (decrease) resulting from:

 

 

 

 

 

 

 

Tax exempt income on bank owned life insurance

(1.5)%

 

0.0% 

 

(1.8)%

 

0.0% 

Other, net

0.5% 

 

0.0% 

 

0.5% 

 

0.0% 

Effective tax rate

33.0% 

 

0.0% 

 

32.7% 

 

0.0%