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Income Taxes Income Taxes
 6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
INCOME TAXES

Our income tax expense for the three months ended June 30, 2018 and June 30, 2017 totaled $1.7 million and $2.3 million, respectively. For the six months ended June 30, 2018 and June 30, 2017 our income tax expense totaled $3.5 million and $0.9 million, respectively. Our effective tax rate (income tax expense as a percentage of income before taxes) for the quarters ended June 30, 2018 and 2017 was 20.9% and 30.3%, respectively, and for the six months ended June 30, 2018 and 2017 were 20.5% and 19.0%, respectively. A reconciliation between the statutory income tax rate and our effective income tax rate for the three and six months ended June 30, 2018 and 2017 is as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Dollars in thousands
Percent
 
Percent
 
Percent
 
Percent
Applicable statutory rate
21.0
 %
 
35.0
 %
 
21.0
 %
 
35.0
 %
Increase (decrease) in rate resulting from:
 
 
 
 
 
 
 
Tax-exempt interest and dividends, net
(3.2
)%
 
(5.5
)%
 
(2.9
)%
 
(15.7
)%
State income taxes (benefit), net of Federal income tax benefit
2.3
 %
 
2.1
 %
 
2.2
 %
 
1.8
 %
Low-income housing and rehabilitation tax credits
(1.2
)%
 
—
 %
 
(1.1
)%
 
—
 %
Other, net
2.0
 %
 
(1.3
)%
 
1.3
 %
 
(2.1
)%
Effective income tax rate
20.9
 %
 
30.3
 %
 
20.5
 %
 
19.0
 %


The components of applicable income tax expense for the three and six months ended June 30, 2018 and 2017 are as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
Dollars in thousands
2018
2017
 
2018
2017
Current
 
 
 
 
 
Federal
$
1,464

$
(1,299
)
 
$
3,217

$
879

State
233

(52
)
 
510

136

 
1,697

(1,351
)
 
3,727

1,015

Deferred
 

 
 
 

 

Federal
(34
)
3,354

 
(167
)
(143
)
State
(5
)
297

 
(26
)
(14
)
 
(39
)
3,651

 
(193
)
(157
)
Total
$
1,658

$
2,300

 
$
3,534

$
858