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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022, 2021, and 2020:
Year Ended
December 31,
202220212020
(dollars in thousands)AmountPercentAmountPercentAmountPercent
Computed income tax expense at federal rate
$(8,570)21 %$14,394 21 %$(8,368)21 %
State taxes, net of federal benefit, if applicable
14 — %— — %— — %
Permanent differences in taxable income from GAAP net income
(228)%(404)(1)%(57)— %
REIT income not subject to corporate income tax
8,801 (22)%(13,798)(20)%9,018 (23)%
Provision for (benefit from) income taxes/ Effective Tax Rate
$17 — %$192 — %$593 (2)%