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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2023
Income Taxes  
Schedule of components of income tax expense

Three months ended March 31, 

2023

2022

    

    

Percent of

  

  

    

Percent of

 

(dollars in thousands)

Amount

Pretax Income

  

Amount

Pretax Income

 

Taxes at statutory federal income tax rate

$

2,203

 

21.0

$

2,745

 

21.0

%

Tax effect of:

 

  

 

  

 

  

 

  

Tax exempt income

 

(144)

 

(1.4)

 

(117)

 

(0.9)

%

State income taxes, net of federal benefits

 

461

 

4.4

 

579

 

4.4

%

Nondeductible items and other

(214)

(2.0)

(319)

(2.4)

%

Applicable income taxes

$

2,306

 

22.0

$

2,888

 

22.1

%