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NOTE 5 - INCOME TAXES - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Taxes    
Computed "expected" tax expense $ 4,520 $ 2,754
Tax exempt income, net (1,719) (1,225)
Bank-owned life insurance (99) (55)
State income taxes, net of federal benefit, current year 1,024 677
Tax Credits (57) (116)
Excess tax benefit on stock options exercised and restricted stock awards vested (164) (264)
Other 36 113
Federal and state income tax expense $ 3,541 $ 1,884
Computed "expected" tax expense (in percentage) 21.00% 21.00%
Tax exempt income, net (in percentage) (8.00%) (9.30%)
Bank-owned life insurance (in percentage) (0.50%) (0.40%)
State income taxes, net of federal benefit, current year (in percentage) 4.80% 5.20%
Tax credits (in percentage) (0.30%) (0.90%)
Excess tax benefit on stock options exercised and restricted stock awards vested (in percentage) (0.80%) (2.00%)
Other (in percentage) 0.20% 0.80%
Federal and state income tax expense (in percentage) 16.40% 14.40%