For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2025

2024

2025

2024

% of

Pretax

Amount

Income

Amount

Income

Amount

Income

Amount

Income

(dollars in thousands)

Computed "expected" tax expense

$

8,517

21.0

%

$

6,264

21.0

%

$

20,419

21.0

%

$

18,773

21.0

%

Tax exempt income, net

(4,993)

(12.3)

(4,204)

(14.1)

(14,016)

(14.4)

(11,965)

(13.4)

Bank-owned life insurance

(200)

(0.5)

(171)

(0.6)

(520)

(0.5)

(975)

(1.1)

State income taxes, net of federal benefit, current year

1,407

3.5

1,084

3.6

2,751

2.8

3,186

3.6

Tax credits

(336)

(0.8)

(26)

(0.1)

(1,131)

(1.2)

(77)

(0.1)

Income from tax credit equity investments

(427)

(1.1)

(546)

(1.8)

(1,278)

(1.3)

(1,639)

(1.8)

Excess tax benefit on stock options exercised and restricted stock awards vested

(111)

(0.3)

(310)

(1.0)

(637)

(0.7)

(834)

(0.9)

Other

(13)

(0.0)

(46)

(0.1)

116

0.2

(698)

(0.8)

Federal and state income tax expense

$

3,844

9.5

%

$

2,045

6.9

%

$

5,704

5.9

%

$

5,771

6.5

%