Income Taxes (Tables)

9 Months Ended

Sep. 30, 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					Nine Months Ended
	September 30,					September 30,
	2017		2016			2017		2016
Federal:
Current	$	60	$	—		$	90	$	—
Deferred		1,021		(162	)		1,250		(13,789	)
		1,081		(162	)		1,340		(13,789	)
State:
Current		192		149			202		308
Deferred		80		19			80		(90	)
		272		168			282		218
	$	1,353	$	6		$	1,622	$	(13,571	)

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,
	2017			2016			2017			2016
Provision (benefit) for income taxes at statutory rate	$	1,172		$	(115	)	$	1,206		$	(13,758	)
Tax effect of:
Tax-exempt investment income		(20	)		(10	)		(54	)		(30	)
Change in the beginning of the period balance of the    valuation allowance for deferred tax assets allocated    to federal income taxes		(1	)		(6	)		(1	)		51
Stock option expirations		—			12			229			29
State income taxes, net of federal income tax benefit    and state valuation allowance		206			116			212			110
Other		(4	)		9			30			27
	$	1,353		$	6		$	1,622		$	(13,571	)