XML 42 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Reconciliation of income tax expense (benefit)
The actual income tax expense (benefit) for the three and nine months ended September 30, 2018 and 2017 differed from the “expected” income tax expense (benefit) for those periods (computed by applying the United States federal corporate tax rates of 21 percent during 2018 and 35 percent during 2017 to income (loss) before income tax) as follows:
 
 
Three months ended 
 September 30,
 
Nine months ended 
 September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Computed "expected" income tax expense (benefit)
 
$
5,134

 
$
(154
)
 
$
3,401

 
$
5,330

Increases (decreases) in tax resulting from:
 
 
 
 
 
 
 
 
Incremental benefit of net operating loss carry back
 
839

 

 

 

Tax-exempt interest income
 
(290
)
 
(656
)
 
(897
)
 
(2,122
)
Dividends received deduction
 
(126
)
 
(294
)
 
(400
)
 
(948
)
Proration of tax-exempt interest and dividends received deduction
 
104

 
142

 
324

 
460

Other, net
 
(365
)
 
(224
)
 
(311
)
 
(545
)
Total income tax expense (benefit)
 
$
5,296

 
$
(1,186
)
 
$
2,117

 
$
2,175