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Income Taxes
9 Months Ended
Sep. 30, 2013
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE G — INCOME TAXES

The Company has net deferred tax assets (“DTA”) of $65.9 million at September 30, 2013, and is included as a component of other assets. Although not assured, the Company believes that the realization of the recognized current carrying value of the DTA is more likely than not based on expectations as to future taxable income and available tax planning strategies, as defined in ASC 740 “Income Taxes”, which could be implemented if necessary to prevent a carryforward from expiring. The Company’s credit losses have moderated, the Company no longer has a three year cumulative loss and the Company’s taxable earnings should result in realization of additional future tax benefits from net operating loss carryforwards. The net operating loss carryforwards expire in various amounts beginning in 2029 and run through 2032. For the three months ended September 30, 2013 the Company recorded the benefit from the reversal of approximately $44.8 million of deferred tax valuation allowance previously recorded during years 2007-10.