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Note 7 - Income Taxes - Difference Between Statutory and Effective Tax Rates (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
U.S. federal statutory income tax rate 21.00% 21.00% 21.00% 21.00%
State income taxes, net of federal benefit 3.60% 3.50% 3.50% 3.50%
Excess tax benefit from stock-based compensation arrangements 0.20% (1.60%) (0.50%) (2.40%)
Change in cash surrender value of life insurance (0.60%) 0.90% (0.70%) 1.10%
Tax credits (1.20%) (0.50%) (0.40%) (0.70%)
Tax exempt interest income (0.50%) (0.60%) (0.50%) (0.80%)
Non-deductible merger expenses 0.00% 0.10% 0.00% 0.30%
Insurance captive (0.30%) (0.20%) (0.30%) (0.40%)
Other, net 0.20% (0.70%) 0.00% (1.10%)
Effective tax rate 22.40% 21.90% 22.10% 20.50%