v3.25.2
INCOME TAXES
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 9 - INCOME TAXES

Income tax expense was as follows for:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Income tax expense for the period

 

$

2,535

 

 

$

1,654

 

 

$

4,762

 

 

$

3,376

 

Effective tax rate

 

 

20.25

%

 

 

18.22

%

 

 

20.38

%

 

 

19.31

%

 

The effective tax rates differ from the statutory federal tax rate of 21% for the six months ended June 30, 2025 and 2024 largely due to tax exempt interest income earned on certain investment securities and loans.