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Note 11 - Income Taxes - Reconciliation of Actual Income Tax Expense to the Expected Tax Expense (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Computed “expected” tax expense $ 13,473,000 $ 10,103,000 $ 9,893,000
State income taxes, net of Federal income tax benefit 1,584,000 552,000 1,056,000
Tax exempt interest, net of interest expense exclusion (237,000) (245,000) (186,000)
Earnings on cash surrender value of life insurance (205,000) (173,000) (170,000)
Expenses not deductible for tax purposes 12,000 14,000 37,000
Equity based compensation (28,000) (6,000) 15,000
Other 133,000 (627,000) 422,000
Income Tax Expense (Benefit), Total $ 14,732,000 $ 9,618,000 $ 11,067,000