Annual report pursuant to Section 13 and 15(d)

Income Taxes - Income Tax Reconciliation (Details)

v3.22.0.1
Income Taxes - Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Tax expense at federal income tax rate $ 11,120 $ 8,143 $ 5,576
State taxes 140 206 62
Tax-exempt interest (465) (373) (447)
Bank-owned life insurance (141) (75) (64)
Stock compensation (73) 80 87
Interest expense exclusion 10 19 26
Meals and entertainment 24 31 29
Club dues 34 40 38
Acquisition expenses 51   156
NOL carryback claim   (575)  
Other (27) (37) (42)
Total income tax expense (benefit) $ 10,673 $ 7,459 $ 5,421
Tax expense at federal income tax rate 21.00% 21.00% 21.00%
State taxes 0.26% 0.53% 0.23%
Tax-exempt interest (0.88%) (0.96%) (1.68%)
Bank-owned life insurance (0.26%) (0.19%) (0.24%)
Stock compensation (0.14%) 0.21% 0.33%
Interest expense exclusion 0.02% 0.05% 0.10%
Meals and entertainment 0.04% 0.08% 0.11%
Club dues 0.07% 0.10% 0.14%
Acquisition expenses 0.10% 0.00% 0.59%
NOL carryback claim 0.00% (1.48%) 0.00%
Other (0.05%) (0.10%) (0.17%)
Total 20.16% 19.24% 20.41%