Note 9: Income Taxes: Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

3 Months Ended

Sep. 30, 2019

Tables/Schedules

Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax

	For the three-month periods ended
(dollars in thousands)	September 30, 2019	September 30, 2018
Tax at statutory rate	$                             2,059	$                           1,778
Increase (reduction) in taxes       resulting from:
Nontaxable municipal income	(113)	(73)
State tax, net of Federal benefit	109	122
Cash surrender value of                   Bank-owned life insurance	(53)	(52)
Tax credit benefits	-	(68)
Other, net	(26)	(41)
Actual provision	$                             1,976	$                           1,666