XML 49 R36.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2022
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
March 31,

2022

2021

(unaudited)

Statutory tax rate

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

(0.9%)

(0.6%)

Tax exempt earnings on bank owned life insurance

(0.6%)

(0.2%)

Gain on redemption of life insurance policies

0.0%

(1.0%)

Dividends on equity securities

(0.2%)

(0.2%)

Low income housing credits

(0.8%)

(0.5%)

Effective tax rate

18.5%

18.5%