Income Taxes (Tables)

9 Months Ended

Sep. 30, 2015

Income Taxes

Schedule of reconciliation of income tax expense

The income tax provision (credit) 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				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Income tax at federal rate	$	17	$	860	$	932	$	3,494
Increase (decrease) resulting from:
State income taxes, net of federal income tax		3		101		116		411
Permanent difference for compensation limitation		14		177		242		531
Expense reflected in tax basis		(158)		—		53		—
Other permanent differences		55		1		209		249
Capital goods excise tax credit		15		(125)		(348)		(530)
Total income tax provision (credit)	$	(54)	$	1,014	$	1,204	$	4,155