INCOME TAXES

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 9 - INCOME TAXES

Income tax expense was as follows for:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Income tax expense for the period	$	1,788		$	1,437		$	5,164		$	5,789
Effective tax rate		19.50	%		18.60	%		19.38	%		19.34	%

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