INCOME TAXES

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 9 - INCOME TAXES

Income tax expense was as follows for:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Income tax expense for the period	$	2,472		$	2,312		$	4,707		$	4,648
Effective tax rate		18.67	%		18.14	%		17.96	%		17.85	%

The effective tax rates differ from the statutory federal tax rate of 21% for the three and six months ended June 30, 2022 and 2021 largely due to tax exempt interest income earned on certain investment securities and loans.