Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

3 Months Ended

Sep. 30, 2020

Tables/Schedules

Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax

	For the three-month periods ended
(dollars in thousands)	September 30, 2020	September 30, 2019
Tax at statutory rate	$                      2,674	$                      2,059
Increase (reduction) in taxes      resulting from:
Nontaxable municipal income	(103)	(113)
State tax, net of Federal benefit	241	109
Cash surrender value of                  Bank-owned life insurance	(59)	(53)
Tax credit benefits	26	-
Other, net	(32)	(26)
Actual provision	$                      2,747	$                      1,976