Note 11: Income Taxes

3 Months Ended

Sep. 30, 2012

Notes

Note 11: Income Taxes

NOTE 11: INCOME TAXES

Reconciliations of the Company’s effective tax rates to the statutory corporate tax rates were as follows:

	Three Months Ended September 30,
	2012	2011
(In Thousands)
Tax at statutory rate	35.0%	35.0%
Nontaxable interest and dividends	(5.2)	(6.2)
Tax credits	(18.4)	(2.5)
State taxes	0.8	0.6
Other	(2.3)	0.7
Tax percentage rate	9.9%	27.6%

	Nine Months Ended September 30,
	2012	2011
(In Thousands)
Tax at statutory rate	35.0%	35.0%
Nontaxable interest and dividends	(3.1)	(6.8)
Tax credits	(9.3)	(5.1)
State taxes	0.4	1.1
Other	(0.1)	0.6
Tax percentage rate	22.9%	24.8%