INCOME TAXES

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Income tax expenses were as follows for:

	Six Months Ended June 30,
	2017			2016
Income tax expense for the period	$	2,945		$	1,910
Effective tax rate	28.22		%	26.95		%

The effective tax rates differ from the statutory federal tax rate of 35% largely due to tax exempt interest income earned on certain investment securities and loans and the nontaxable earnings on bank owned life insurance.