XML 108 R97.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Amounts      
Income tax at statutory rates $ 7,762,000 $ 7,997,000 $ 6,136,000
State income taxes 536,000 1,340,000 1,449,000
Tax-exempt interest income (427,000) (396,000) (493,000)
Excess compensation   571,000 328,000
Change in tax law     (326,000)
Income from bank-owned life insurance (130,000) (110,000) (107,000)
Investments in qualified housing projects (56,000) (48,000) (82,000)
Share-based compensation (37,000) (83,000) (77,000)
Contribution of real property   (107,000)  
Merger related expenses     29,000
Other (53,000) (205,000) (62,000)
Income tax expense $ 7,595,000 $ 8,959,000 $ 6,795,000
Percent of Pre-tax Income      
Income tax at statutory rates (as a percent) 21.00% 21.00% 21.00%
State income taxes (as a percent) 1.50% 3.50% 5.00%
Tax-exempt interest income (as a percent) (1.10%) (1.00%) (1.70%)
Excess compensation (as a percent)   1.50% 1.10%
Change in tax law (as a percent)     (1.10%)
Income from bank-owned life insurance (as a percent) (0.40%) (0.30%) (0.40%)
Investments in qualified housing projects (as a percent) (0.20%) (0.10%) (0.30%)
Share-based compensation (as a percent) (0.10%) (0.20%) (0.30%)
Contribution of real property (as a percent)   (0.30%)  
Merger related expenses     0.10%
Other (0.10%) (0.50%) (0.20%)
Income tax expense (as a percent) 20.60% 23.60% 23.20%