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Note 7 - INCOME TAXES - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INCOME TAXES        
Computed "expected" tax expense $ 7,165 $ 8,293 $ 16,130 $ 18,512
Tax exempt income, net (3,003) (2,032) (7,701) (5,553)
Bank-owned life insurance (127) (93) (273) (287)
State income taxes, net of federal benefit, current year 1,616 1,799 3,889 4,070
Provision adjustment from accounting method change     1,181  
Tax Credits (359) (57) (890) (171)
Income from tax credit equity investments 337 3 939 8
Acquisition costs 78   450  
Excess tax benefit on stock options exercised and restricted stock awards vested (46) (107) (520) (311)
Other (163) 129 (316) 6
Federal and state income tax expense $ 4,824 $ 7,929 $ 8,649 $ 16,258
Computed "expected" tax expense (in percentage) 21.00% 21.00% 21.00% 21.00%
Tax exempt income, net (in percentage) (8.80%) (5.10%) (10.00%) (6.30%)
Bank-owned life insurance (in percentage) (0.40%) (0.20%) (0.40%) (0.30%)
State income taxes, net of federal benefit, current year (in percentage) 4.70% 4.60% 5.10% 4.60%
Provision adjustment from accounting method change (in percentage)     (1.50%)  
Tax credits (in percentage) (1.10%) (0.10%) (1.20%) (0.20%)
Income from tax credit equity investments (in percentage) 1.00%   1.20%  
Acquisition costs (in percentage) 0.20%   0.60%  
Excess tax benefit on stock options exercised and restricted stock awards vested (in percentage) (0.10%) (0.30%) (0.70%) (0.40%)
Other (in percentage) (0.50%) 0.20% (0.40%)  
Federal and state income tax expense (in percentage) 14.10% 20.10% 11.30% 18.40%