NOTE 13 Income Taxes

The components of income tax expense (benefit) for the three and six months ended June 30, 2020 and 2019 are as follows:


	Three months ended June 30,
	2020				2019
			Percent of				Percent of
(dollars in thousands)	Amount		Pretax Income		Amount		Pretax Income
Taxes at statutory federal income tax rate	$	3,168	21.0	%	$	2,356	21.0
Tax effect of:
Tax exempt income		(127)	(0.8)			(108)	(1.0)
Other		572	3.8			621	5.4
Applicable income taxes	$	3,613	23.9	%	$	2,869	25.6


	Six months ended June 30,
	2020				2019
			Percent of				Percent of
(dollars in thousands)	Amount		Pretax Income		Amount		Pretax Income
Taxes at statutory federal income tax rate	$	4,596	21.0	%	$	4,132	21.0	%
Tax effect of:
Tax exempt income		(247)	(1.1)	%		(222)	(1.1)	%
Other		701	3.2	%		983	5.0	%
Applicable income taxes	$	5,050	23.1	%	$	4,893	24.9	%

It is the opinion of management that the Company has no significant uncertain tax positions that would be subject to change upon examination.