INCOME TAXES

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 9 - INCOME TAXES

Income tax expense was as follows for:

	Three Months Ended March 31,
	2025			2024
Income tax expense for the period	$	2,227		$	1,722
Effective tax rate		20.53	%		20.49	%

The effective tax rates differ from the statutory federal tax rate of 21% for the three months ended March 31, 2025 and 2024 largely due to tax exempt interest income earned on certain investment securities and loans.