Income Taxes (Tables)

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

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

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2015			2014		2015			2014
Federal:
Current	$	(30	)	$	80	$	21		$	170
Deferred		(1,467	)		—		(1,065	)		(1	)
		(1,497	)		80		(1,044	)		169
State:
Current		43			176		277			376
Deferred		(52	)		1		(46	)		2
		(9	)		177		231			378
	$	(1,506	)	$	257	$	(813	)	$	547

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

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Provision (benefit) for income taxes at statutory rate	$	(1,584	)	$	832		$	(1,061	)	$	2,327
Tax effect of:
Tax-exempt investment income		(5	)		(5	)		(15	)		(16	)
Change in the beginning of the period balance of the    valuation allowance for deferred tax assets allocated    to federal income taxes		6			(760	)		8			(2,216	)
Stock-based compensation		—			3			22			48
State income taxes, net of federal income tax benefit    and state valuation allowance		(24	)		177			134			378
Other		101			10			99			26
	$	(1,506	)	$	257		$	(813	)	$	547