Income Taxes (Tables)

6 Months Ended

Jun. 30, 2015

Income Taxes

Schedule of reconciliation of income tax expense

Income tax expense differs from the amounts determined by applying the statutory federal income tax rate of 34% to the income before income tax provision for the following reasons (dollars in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Income tax at federal rate	$	373		$	1,288		$	914		$	2,633
Increase (decrease) resulting from:
State income taxes, net of federal income tax	46			143			113			310
Compensation deduction limitations	104			236			228			354
Expense reflected in tax basis	211			—			211			—
Other permanent differences	49			185			154			248
Capital goods excise tax credit	(140		)	(303		)	(363		)	(404		)
Total income tax expense	$	643		$	1,549		$	1,257		$	3,141