Income Taxes (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision (benefit) for income taxes consisted of the following (in thousands).

	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014			2013
Federal:
Current	$	81		$	41	$	91		$	67
Deferred		(2	)		—		(2	)		—
		79			41		89			67
State:
Current		174			146		199			212
Deferred		1			1		2			2
		175			147		201			214
	$	254		$	188	$	290		$	281

Provision (Benefit) for Income Taxes Differs from Amounts Computed by Applying Statutory Federal Corporate Tax Rate

The provision for income taxes differs from the amounts computed by applying the statutory federal corporate tax rate of 35% to loss before income taxes as a result of the following (in thousands).

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Provision for income taxes at statutory rate	$	1,303		$	789		$	1,495		$	1,530
Tax effect of:
Tax-exempt investment income		(5	)		(5	)		(10	)		(10	)
Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes		(1,233	)		(749	)		(1,456	)		(1,635	)
Stock-based compensation		7			—			44			171
State income taxes, net of federal income tax benefit and valuation allowance		175			147			201			214
Other		7			6			16			11
	$	254		$	188		$	290		$	281