Income Taxes (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Components of Income Tax Expense

Income tax expense was as follows:



	Three Months Ended				Nine Months Ended
(Dollars in thousands)	September 30				September 30
	2012		2011		2012		2011
Current income tax expense	$	—	$	1	$	2	$	3
Deferred income tax expense	645		390		1,754		797
Total income tax expense	$	645	$	391	$	1,756	$	800

Schedule of Net Operating Losses and Tax Credits Available for Carryover

In connection with its 2009 and 2010 operating losses and $7.895 million in taxable earnings for 2011, the Company had the following net operating losses and tax credits available for carryover for Federal income tax purposes at December 31, 2011:



(Dollars in thousands)
	Amount		Expiration Dates
Net operating loss from 2009	$	6,805	2029
Net operating loss from 2010	4,321		2030
Tax credits from 2008	26		2028
Tax credits from 2009	57		2029
Tax credits from 2010	203		2030
Tax credits from 2011	377		2031
Alternative minimum tax credits from all years	738		indefinite lived