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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2017
Income Taxes  
Reconciliation Of Federal Income Tax Rate To Effective Tax Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six months ended June 30, 

 

 

    

2017

    

 

2016

    

2017

    

 

2016

  

Income tax expense at federal statutory rate

 

34.0

%  

 

34.0

%  

34.0

%  

 

34.0

%

Increase (decrease) resulting from:

 

 

 

 

 

 

 

 

 

 

 

Tax exempt income

 

(2.1)

%  

 

(1.1)

%  

(2.1)

%  

 

(1.5)

%

State income taxes, net of federal income tax benefit

 

5.3

%  

 

5.6

%  

5.3

%  

 

5.6

%

Incentive stock options

 

0.4

%  

 

0.3

%  

0.5

%  

 

0.6

%

Other nondeductible (income) expenses

 

0.3

%  

 

0.6

%  

0.2

%  

 

0.7

%

Effective income tax rate

 

37.9

%  

 

39.4

%  

37.9

%  

 

39.4

%