Provision for Income Taxes

6 Months Ended

Jun. 30, 2021

Note 6 – Provision for income taxes:

	Three months ended						Six months ended
	June 30,						June 30,
	2020			2021			2020			2021
	(In thousands)
Expected tax expense, at the U.S. federal statutory income tax rate of 21%	$	575		$	1,276		$	1,757		$	2,569
State income taxes		97			200			294			400
FDII benefit		(4	)		(17	)		(32	)		(40	)
Other, net		6			(3	)		11			(3	)
Total provision for income taxes	$	674		$	1,456		$	2,030		$	2,926

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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