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Income Taxes
6 Months Ended
Jun. 30, 2020
Income Taxes [Abstract]  
Income Taxes
Note 9 – Income Taxes

Income tax expense totaled $8.9 million for the six months ended June 30, 2020 compared to $5.1 million during the six months ended June 30, 2019. Income tax expense was recognized on the statement of income during the six months ended June 30, 2020 at an effective rate of 24.9% of pretax income compared to 24.0% during the six months ended June 30, 2019. During the six months ended June 30, 2020, the Company recognized a benefit of approximately $47,000 related to stock awards exercised compared to a benefit of $100,000 recognized during the six months ended June 30, 2019.