Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Reconciliation of Expected Income Tax Expense

A reconciliation of expected income tax expense using the federal statutory rate of 21% as of September 30, 2020 and 2019 and actual income tax expense is as follows:

	For the three months ended September 30,				For the nine months ended September 30,
(Dollars in thousands)	2020		2019		2020		2019
Income tax expense based on federal corporate tax rate	$	1,328	$	1,118	$	2,970	$	2,911
Changes resulting from:
Tax-exempt income	(154)		(142)		(469)		(398)
Net operating loss carryback due to CARES Act	—		—		(290)		—
Disqualified dispositions from stock options	—		—		(175)		—
Other, net	(57)		(62)		73		(85)
Income tax expense	$	1,117	$	914	$	2,109	$	2,428