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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2024
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
September 30,

For the nine months ended
September 30,

2024

2023

2024

2023

(unaudited)

(unaudited)

Statutory tax rate

21.0%

21.0%

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

0.0%

0.0%

(0.2%)

0.0%

Tax exempt interest

(0.6%)

0.0%

(0.3%)

0.0%

Tax exempt earnings on bank owned life insurance

(0.9%)

(0.7%)

(1.2%)

(0.6%)

Dividends on equity securities

(0.2%)

(0.2%)

(0.3%)

(0.2%)

Low income housing tax credits

1.0%

(0.5%)

(0.9%)

(0.5%)

Other, net

0.1%

0.0%

0.2%

0.0%

Effective tax rate

20.4%

19.6%

18.3%

19.7%