Income Taxes (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

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

	Three Months Ended
	March 31,
	2017		2016
Federal:
Current	$	122	$	(1	)
Deferred		627		(2,962	)
		749		(2,963	)
State:
Current		80		100
Deferred		17		(6	)
		97		94
	$	846	$	(2,869	)

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
	March 31,
	2017			2016
Provision (benefit) for income taxes at statutory rate	$	552		$	(2,931	)
Tax effect of:
Tax-exempt investment income		(14	)		(10	)
Stock option expirations		229			4
State income taxes, net of federal income tax benefit    and state valuation allowance		69			59
Other		10			9
	$	846		$	(2,869	)