Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

(Benefit) Provision for Income Taxes

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

	Three Months Ended
	March 31,
	2016			2015
Federal:
Current	$	(1	)	$	72
Deferred		(2,962	)		193
		(2,963	)		265
State:
Current		100			49
Deferred		(6	)		4
		94			53
	$	(2,869	)	$	318

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

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

	Three Months Ended
	March 31,
	2016			2015
(Benefit) provision for income taxes at statutory rate	$	(2,931	)	$	281
Tax effect of:
Tax-exempt investment income		(10	)		(5	)
Change in the beginning of the period balance of the    valuation allowance for deferred tax assets allocated    to federal income taxes		—			—
Stock-based compensation		4			—
State income taxes, net of federal income tax benefit    and state valuation allowance		59			53
Other		9			(11	)
	$	(2,869	)	$	318