Income Taxes (Tables)

6 Months Ended

Jun. 30, 2019

Income Taxes

Schedule of reconciliation of federal income tax determined using statutory federal tax rate to reported income tax provision

The following table is a reconciliation of our U.S. federal income tax determined using our statutory federal tax rate to our reported income tax provision for the three and six months ended June 30, 2019 and 2018 (dollars in thousands):

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2019				2018				2019				2018
Federal statutory tax rate	$	28,556	21.0	%	$	25,291	21.0	%	$	44,692	21.0	%	$	47,897	21.0	%
REIT and other non-taxable income		(26,013)	(19.1)	%		(23,157)	(19.2)	%		(42,172)	(19.8)	%		(43,500)	(19.1)	%
State income taxes		666	0.5	%		558	0.5	%		660	0.3	%		1,151	0.5	%
Federal benefit of state tax deduction		(140)	(0.1)	%		(118)	(0.1)	%		(139)	(0.1)	%		(242)	(0.1)	%
Other		464	0.3	%		769	0.6	%		826	0.4	%		893	0.4	%
Effective tax rate	$	3,533	2.6	%	$	3,343	2.8	%	$	3,867	1.8	%	$	6,199	2.7	%