Income Taxes (Tables)

6 Months Ended

Jun. 30, 2013

Components of Income Tax Expense

The following table presents the components of our income tax expense for the following periods (dollars in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Current:
Federal	$	50		$	6		$	55		$	13
State and local		22			18			52			35
Total Current		72			24			107			48
Deferred:
Federal	$	—		$	—		$	—		$	—
State and local		—			—			—			—
Total Deferred		—			—			—			—
Income tax expense	$	72		$	24		$	107		$	48
Effective income tax rate		13.5	%		0.8	%		6.0	%		6.7	%