Income Taxes (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Components of Income Tax Expense

Income tax expense was as follows:



	Three Months Ended
(Dollars in thousands)	March 31
	2013		2012
Current income tax expense	$	—	$	2
Deferred income tax expense	1,112		510
Total income tax expense	$	1,112	$	512

Schedule of Net Operating Losses and Tax Credits Available for Carryover

In connection with its previous net operating loss carryforwards and estimated $10.834 million in Federal taxable earnings for 2012, the Company had the following net operating losses and tax credits available for carryover for Federal income tax purposes at December 31, 2012:



(Dollars in thousands)
	Amount		Expiration Dates
Federal net operating loss from 2010	$	291	2030
Mississippi net operating loss from 2009	5,110		2029
Mississippi net operating loss from 2010	4,707		2030
Alabama net operating loss from 2009	177		2029
Tennessee net operating loss from 2009	908		2029
Tennessee net operating loss from 2010	93		2030
Florida net operating loss from 2009	511		2029
Florida net operating loss from 2010	20		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
Tax credits from 2012	356		2032
Alternative minimum tax credits from all years	739		indefinite lived