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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2022
Income Taxes  
Schedule of components of income tax expense

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Three months ended June 30, 

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2022

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2021

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​

    

​

​

    

Percent of

  

  

​

​

    

Percent of

  

(dollars in thousands)

​

Amount

​

Pretax Income

  

​

Amount

​

Pretax Income

  

Taxes at statutory federal income tax rate

​

$

2,524

 

21.0

%

​

$

3,221

 

21.0

% 

Tax effect of:

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​

 

​

​

​

​

​

 

​

​

Tax exempt income

​

​

(122)

 

(1.0)

%

​

​

(148)

 

(1.0)

% 

State income taxes, net of federal benefits

​

​

531

​

4.4

%

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​

663

​

4.3

% 

Nondeductible items and other

​

​

(208)

 

(1.7)

%

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​

(92)

 

(0.6)

% 

Applicable income taxes

​

$

2,725

​

22.7

%

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$

3,644

​

23.7

% 

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​

​

​

​

​

​

​

​

​

​

Six months ended June 30, 

​

​

​

2022

​

​

2021

​

​

    

​

​

    

Percent of

  

  

​

​

    

Percent of

 

(dollars in thousands)

​

Amount

​

Pretax Income

  

​

Amount

​

Pretax Income

 

Taxes at statutory federal income tax rate

​

$

5,269

 

21.0

% 

​

$

7,395

 

21.0

%

Tax effect of:

​

 

  

 

  

​

​

 

  

 

  

​

Tax exempt income

​

 

(239)

 

(1.0)

% 

​

 

(301)

 

(0.9)

%

State income taxes, net of federal benefits

​

 

1,109

 

4.4

% 

​

 

1,516

 

4.3

%

Nondeductible items and other

​

​

(526)

​

(2.1)

% 

​

​

(304)

​

(0.9)

%

Applicable income taxes

​

$

5,613

 

22.3

% 

​

$

8,306

 

23.5

%