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Note 5 - INCOME TAXES - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INCOME TAXES        
Computed "expected" tax expense $ 6,802 $ 3,514 $ 13,090 $ 8,965
Tax exempt income, net (3,182) (2,476) (6,398) (4,698)
Bank-owned life insurance (176) (73) (324) (146)
State income taxes, net of federal benefit, current year 1,239 982 2,428 2,273
Provision adjustment from accounting method change       1,181
Tax Credits (32) (289) (209) (531)
Income from tax credit equity investments (478) 158 (891) (143)
Acquisition costs   242   372
Excess tax benefit on stock options exercised and restricted stock awards vested (46) (40) (444) (474)
Other 160 526 503 612
Federal and state income tax expense $ 3,967 $ 1,492 $ 6,749 $ 3,825
Computed "expected" tax expense (in percentage) 21.00% 21.00% 21.00% 21.00%
Tax exempt income, net (in percentage) (9.80%) (14.80%) (10.30%) (11.00%)
Bank-owned life insurance (in percentage) (0.50%) (0.40%) (0.50%) (0.30%)
State income taxes, net of federal benefit, current year (in percentage) 3.80% 5.90% 3.90% 5.30%
Provision adjustment from accounting method change (in percentage)       (2.80%)
Tax credits (in percentage) (0.10%) (1.70%) (0.30%) (1.20%)
Income from tax credit equity investments (in percentage) (1.50%) 0.90% (1.40%) (0.30%)
Acquisition costs (in percentage)   1.40%   0.90%
Excess tax benefit on stock options exercised and restricted stock awards vested (in percentage) (0.10%) (0.20%) (0.70%) (1.10%)
Other (in percentage) (0.60%) (3.20%) (0.90%) (1.50%)
Federal and state income tax expense (in percentage) 12.20% 8.90% 10.80% 9.00%