Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

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 (benefit) provision determined using our statutory federal tax rate to our reported income tax (benefit) provision for the three months ended March 31, 2020 and 2019 (dollars in thousands):

	For the Three Months Ended March 31,
	2020				2019
Federal statutory tax rate	$	(15,329)	21.0	%	$	16,137	21.0	%
REIT and other non-taxable (loss) income		9,914	(13.6)	%		(16,160)	(21.0)	%
State income taxes		(1,779)	2.4	%		(6)	—	%
Federal benefit of state tax deduction		374	(0.5)	%		1	—	%
Other		91	(0.1)	%		362	0.4	%
Effective tax rate	$	(6,729)	9.2	%	$	334	0.4	%