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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2024
Income Taxes [Abstract]  
Effective Tax Rates Differ From Federal Statutory Rate

For the three months ended
June 30,

For the six months ended
June 30,

2024

2023

2024

2023

(unaudited)

(unaudited)

Statutory tax rate

21.0%

21.0%

21.0%

21.0%

Increase (decrease) resulting from:

Restricted stock

0.1%

0.3%

(0.3%)

0.0%

Tax exempt earnings on bank owned life insurance

(2.3%)

(0.6%)

(1.5%)

(0.6%)

Dividends on equity securities

(0.6%)

(0.2%)

(0.4%)

(0.2%)

Low income housing tax credits

(6.4%)

(0.5%)

(2.6%)

(0.5%)

Other, net

0.5%

0.0%

0.2%

0.0%

Effective tax rate

12.3%

20.0%

16.4%

19.7%