Income Taxes

9 Months Ended

Sep. 30, 2021

Income Taxes [Abstract]

Income Taxes

17. Income Taxes

Our effective income tax rate for the nine months ended September 30, 2021 and 2020 was 20.8% and 15.6%, respectively.  The effective tax rate for the nine months ended September 30, 2021 varied from the statutory tax rates primarily due to tax exempt interest. The effective tax rate for the nine months ended September 30, 2020 varied from the statutory tax rates primarily due to the non-deductible impairment of goodwill and indefinite-lived intangible assets.  We

concluded that no valuation allowance was necessary against our deferred tax assets as of September 30, 2021 and December 31, 2020.