INCOME TAXES

6 Months Ended

Jun. 30, 2024

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,
	2024			2023			2024			2023
Income tax expense for the period	$	1,654		$	2,529		$	3,376		$	4,352
Effective tax rate		18.22	%		20.89	%		19.31	%		19.60	%

The effective tax rates differ from the statutory federal tax rate of 21% for the three and six months ended June 30, 2024 and 2023 largely due to tax exempt interest income earned on certain investment securities and loans.