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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2023
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
June 30,

For the six months ended
June 30,

2023

2022

2023

2022

(unaudited)

(unaudited)

Statutory tax rate

21.0%

21.0%

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

0.3%

0.1%

0.0%

(0.4%)

Tax exempt earnings on bank owned life insurance

(0.6%)

(0.5%)

(0.6%)

(0.5%)

Dividends on equity securities

(0.2%)

(0.2%)

(0.2%)

(0.2%)

Low income housing credits

(0.5%)

(0.8%)

(0.5%)

(0.8%)

Other, net

0.0%

0.0%

0.0%

0.0%

Effective tax rate

20.0%

19.6%

19.7%

19.1%