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Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Components of Net Deferred Tax Assets | Components of our net deferred tax assets at December 31, 2021 and 2020 are presented in the following table. Table 22.1 – Deferred Tax Assets (Liabilities)
(In Thousands) |  | December 31, 2021 |  | December 31, 2020
Deferred Tax Assets |  |  |  |
Net operating loss carryforward – state |  | $ | 98,011 |  |  | $ | 103,334 |
Net capital loss carryforward – state |  | 18,082 |  |  | 23,487 |
Net operating loss carryforward – federal |  | 82 |  |  | 82 |
Real estate assets |  | 1,347 |  |  | 2,948 |
Allowances and accruals |  | 3,528 |  |  | 3,324 |
Goodwill and intangible assets |  | 24,973 |  |  | 23,231 |
Other |  | 3,016 |  |  | 1,914 |
Tax effect of unrealized (gains) / losses - OCI |  | (21) |  |  | 124 |
Total Deferred Tax Assets |  | 149,018 |  |  | 158,444 |
Deferred Tax Liabilities |  |  |  |
Mortgage Servicing Rights |  | (3,617) |  |  | (2,458) |
Interest rate agreements |  | (3,324) |  |  | (3,867) |
Total Deferred Tax Liabilities |  | (6,941) |  |  | (6,325) |
Valuation allowance |  | (121,210) |  |  | (151,248) |
Total Deferred Tax Asset (Liability), net of Valuation Allowance |  | $ | 20,867 |  |  | $ | 871 |
Provision for Income Taxes | The following table summarizes the provision for income taxes for the years ended December 31, 2021, 2020, and 2019. Table 22.2 – Provision for Income Taxes
|  | Years Ended December 31,
(In Thousands) |  | 2021 |  | 2020 |  | 2019
Current Provision for Income Taxes |  |  |  |  |  |
Federal |  | $ | 28,718 |  |  | $ | 1,598 |  |  | $ | 12,036 |
State |  | 9,859 |  |  | (182) |  |  | 897 |
Total Current Provision for Income Taxes |  | 38,577 |  |  | 1,416 |  |  | 12,933 |
Deferred (Benefit) Provision for Income Taxes |  |  |  |  |  |
Federal |  | (17,172) |  |  | (6,024) |  |  | (3,976) |
State |  | (2,927) |  |  | — |  |  | (1,517) |
Total Deferred (Benefit) Provision for Income Taxes |  | (20,099) |  |  | (6,024) |  |  | (5,493) |
Total Provision (Benefit From) for Income Taxes |  | $ | 18,478 |  |  | $ | (4,608) |  |  | $ | 7,440 |
Reconciliation of Statutory Tax Rate to Effective Tax Rate | The following is a reconciliation of the statutory federal and state tax rates to our effective tax rate at December 31, 2021, 2020, and 2019. Table 22.3 – Reconciliation of Statutory Tax Rate to Effective Tax Rate
|  | December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
Federal statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State statutory rate, net of Federal tax effect |  | 8.6 | % |  | 8.6 | % |  | 8.6 | %
Differences in taxable (loss) income from GAAP income |  | (8.0) | % |  | (19.6) | % |  | (2.1) | %
Change in valuation allowance |  | (8.9) | % |  | (9.2) | % |  | (2.2) | %
Dividends paid deduction (1) |  | (7.2) | % |  | — | % |  | (21.1) | %
Effective Tax Rate |  | 5.5 | % |  | 0.8 | % |  | 4.2 | %
(1)The dividends paid deduction in the effective tax rate reconciliation is generally representative of the amount of distributions to shareholders that reduce REIT taxable income. For the year ended December 31, 2020, the dividends paid deduction is 0% due to our REIT incurring a taxable loss during the period; therefore, there was no REIT taxable income available to apply against the dividends paid.

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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