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Income Taxes
3 Months Ended
Mar. 31, 2021
Income Taxes [Abstract]  
Income Taxes

16. Income Taxes

Our effective income tax rate for the three months ended March 31, 2021 and 2020 was 20.1% and 7.6%, respectively. The effective rate for the three months ended March 31, 2021 varied from the statutory tax rates primarily due to tax exempt interest income. The effective tax rate for the three months ended March 31, 2020 varied from the statutory tax rates primarily due to the non-deductible impairment of goodwill.  We concluded that no valuation allowance was necessary against our deferred tax assets as of March 31, 2021 and December 31, 2020.