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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2020
Income Taxes  
Schedule of effective income tax rate reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 

 

 

 

2020

 

 

2019

 

 

    

 

 

    

Percent of

  

  

 

 

    

Percent of

 

(dollars in thousands)

 

Amount

 

Pretax Income

  

 

Amount

 

Pretax Income

 

Taxes at statutory federal income tax rate

 

$

1,428

 

21.0

 

$

1,777

 

21.0

%

Tax effect of:

 

 

  

 

  

 

 

 

  

 

  

 

Tax exempt interest income

 

 

(121)

 

(1.8)

 

 

(73)

 

(0.9)

%

Other

 

 

130

 

1.9

 

 

320

 

3.8

%

Applicable income taxes

 

$

1,437

 

21.1

 

$

2,024

 

23.9

%