Income Taxes	9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 - Income Taxes Income tax expense was $9,195,000 for the third quarter of 2017 as compared to $7,440,000 for the same period in 2016. The Company’s effective tax rates on pretax income were 23.84% and 22.52% for the third quarters of 2017 and 2016, respectively. Income tax expense was $25,300,000 for the nine months ended September 30, 2017 as compared to $23,544,000 for the same period in 2016. The Company’s effective tax rates on pretax income were 23.10% and 23.16% for the nine months ended September 2017 and 2016, respectively. The effective tax rates differ from the statutory federal tax rate of 35% primarily due to tax exempt interest income earned on certain investment securities and loans, the deductibility of dividends paid to our employee stock ownership plan and excess tax benefits related to our directors’ deferred compensation plan.

Income Taxes

9 Months Ended

Sep. 30, 2017

Note 7 - Income Taxes

Income tax expense was $9,195,000 for the third quarter of 2017 as compared to $7,440,000 for the same period in 2016. The Company’s effective tax rates on pretax income were 23.84% and 22.52% for the third quarters of 2017 and 2016, respectively. Income tax expense was $25,300,000 for the nine months ended September 30, 2017 as compared to $23,544,000 for the same period in 2016. The Company’s effective tax rates on pretax income were 23.10% and 23.16% for the nine months ended September 2017 and 2016, respectively. The effective tax rates differ from the statutory federal tax rate of 35% primarily due to tax exempt interest income earned on certain investment securities and loans, the deductibility of dividends paid to our employee stock ownership plan and excess tax benefits related to our directors’ deferred compensation plan.