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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2022
Income Taxes  
Schedule of effective income tax rate reconciliation

Three months ended March 31, 

2022

2021

    

    

Percent of

  

  

    

Percent of

 

(dollars in thousands)

Amount

Pretax Income

  

Amount

Pretax Income

 

Taxes at statutory federal income tax rate

$

2,745

 

21.0

$

4,174

 

21.0

%

Tax effect of:

 

  

 

  

 

  

 

  

Tax exempt income

 

(117)

 

(0.9)

 

(153)

 

(0.8)

%

State income taxes, net of federal benefits

 

579

 

4.4

 

854

 

4.3

Nondeductible items and other

(319)

(2.4)

(213)

(1.1)

Applicable income taxes

$

2,888

 

22.1

$

4,662

 

23.4

%