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

Three 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

$

2,524

 

21.0

%

$

3,221

 

21.0

Tax effect of:

 

 

Tax exempt income

(122)

 

(1.0)

%

(148)

 

(1.0)

State income taxes, net of federal benefits

531

4.4

%

663

4.3

Nondeductible items and other

(208)

 

(1.7)

%

(92)

 

(0.6)

Applicable income taxes

$

2,725

22.7

%

$

3,644

23.7

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

%