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Note 10 - Income Taxes - Reconciliation of Actual Income Tax Expense to the Expected Tax Expense (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Computed “expected” tax expense $ 9,893,000 $ 8,689,000 $ 14,579,000
State income taxes, net of Federal income tax benefit 1,056,000 432,000 1,346,000
Tax exempt interest, net of interest expense exclusion (186,000) (226,000) (415,000)
Federal income tax rate in excess of statutory rate related to taxable income over $10 million 0 0 399,000
Earnings on cash surrender value of life insurance (170,000) (177,000) (292,000)
Expenses not deductible for tax purposes 37,000 16,000 43,000
Equity based compensation expense 15,000 (39,000) 16,000
Revaluation of federal deferred tax assets due to change in tax rates 0 0 3,603,000
Other 422,000 88,000 75,000
$ 11,067,000 $ 8,783,000 $ 19,354,000