Income Taxes

3 Months Ended

Mar. 31, 2024

Notes

Income Taxes

5.  The Company’s effective tax rates were approximately 22.9% and 20.9% for the first quarter of 2024 and 2023, respectively.

The Company’s federal income tax returns for the 2020 through 2023 tax years are subject to examination by the Internal Revenue Service (“IRS”).  Management does not anticipate any adjustments that would result in a material change to the results of operations or financial condition of the Company.  No statutes of limitation have been extended on any of the Company’s federal income tax filings. The statute of limitations on the Company’s 2020 through 2023 federal income tax returns will expire on September 15, 2024 through 2027, respectively.

The Company’s state income tax returns for the 2020 through 2023 tax years remain subject to examination by various state authorities with the latest closing period on October 31, 2027.  The Company is not currently under examination by any state authority for income tax purposes and no statutes of limitation for state income tax filings have been extended.