Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the statutory federal and state rates to the effective rates, for the years ended December 31, 2019, 2018 and 2017:

	Year Ended
	December 31,
	2019					2018					2017
(dollars in thousands)	Amount			Percent		Amount			Percent		Amount			Percent
Computed income tax expense at federal rate	$	14,744		21	%	$	13,245		21	%	$	18,656		35	%
State taxes, net of federal benefit, if applicable	—			—	%	1			—	%	1			—	%
Permanent differences in taxable income from GAAP net income	(150		)	—	%	(94		)	—	%	12			—	%
Dividends paid deduction	(14,598		)	(21	)%	(13,154		)	(21	)%	(18,673		)	(35	)%
Benefit from income taxes/ Effective Tax Rate(1)	$	(4	)	—	%	$	(2	)	—	%	$	(4	)	—	%

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(1)

The benefit from income taxes is recorded at the taxable subsidiary level.