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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2021
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
September 30,

For the nine months ended
September 30,

2021

2020

2021

2020

(unaudited)

(unaudited)

Statutory tax rate

21.0%

21.0%

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

(0.1%)

-

(0.3%)

-

Tax exempt earnings on bank owned life insurance

(0.5%)

(0.1%)

(0.4%)

(0.1%)

Gain on redemption of life insurance policies

-

-

(0.4%)

-

Dividends on equity securities

(0.2%)

-

(0.2%)

-

Low income housing credits

(0.8%)

(0.2%)

(0.7%)

(0.3%)

Other, net

0.1%

-

-

0.1%

Effective tax rate

19.5%

20.7%

19.0%

20.7%