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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2023
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
September 30,

For the nine months ended
September 30,

2023

2022

2023

2022

(unaudited)

(unaudited)

Statutory tax rate

21.0%

21.0%

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

0.0%

0.0%

0.0%

(0.3%)

Tax exempt earnings on bank owned life insurance

(0.7%)

(0.6%)

(0.6%)

(0.6%)

Dividends on equity securities

(0.2%)

(0.2%)

(0.2%)

(0.2%)

Low income housing credits

(0.5%)

(0.9%)

(0.5%)

(0.8%)

Other, net

0.0%

0.1%

0.0%

0.1%

Effective tax rate

19.6%

19.4%

19.7%

19.2%