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Note 5 - INCOME TAXES - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INCOME TAXES        
Computed "expected" tax expense $ 5,661 $ 7,165 $ 18,751 $ 16,130
Tax exempt income, net (3,705) (3,003) (10,103) (7,701)
Bank-owned life insurance (376) (127) (700) (273)
State income taxes, net of federal benefit, current year 955 1,616 3,383 3,889
Provision adjustment from accounting method change       1,181
Tax Credits (202) (359) (411) (890)
Income from tax credit equity investments (449) (337) (1,340) (939)
Acquisition costs   78   450
Excess tax benefit on stock options exercised and restricted stock awards vested (7) (46) (451) (520)
Other 37 163 540 316
Federal and state income tax expense $ 1,840 $ 4,824 $ 8,589 $ 8,649
Computed "expected" tax expense (in percentage) 21.00% 21.00% 21.00% 21.00%
Tax exempt income, net (in percentage) (13.70%) (8.80%) (11.30%) (10.00%)
Bank-owned life insurance (in percentage) (1.40%) (0.40%) (0.80%) (0.40%)
State income taxes, net of federal benefit, current year (in percentage) 3.50% 4.70% 3.80% 5.10%
Provision adjustment from accounting method change (in percentage)       (1.50%)
Tax credits (in percentage) (0.70%) (1.10%) (0.50%) (1.20%)
Income from tax credit equity investments (in percentage) (1.70%) (1.00%) (1.50%) (1.20%)
Acquisition costs (in percentage)   0.20%   0.60%
Excess tax benefit on stock options exercised and restricted stock awards vested (in percentage) (0.00%) (0.10%) (0.50%) (0.70%)
Other (in percentage) (0.20%) (0.40%) (0.60%) (0.40%)
Federal and state income tax expense (in percentage) 6.80% 14.10% 9.60% 11.30%