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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
INCOME TAXES |
Schedule of total income tax benefit (expense) | Total income tax benefit is summarized as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Income Tax Benefit | ​ | $ | 2,830 | ​ | $ | 3,079 | ​ | $ | 83,499
Summary of provisions for income tax benefit (expense) | The provisions for income tax benefit are summarized as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ |  | Current |  | Deferred |  | Current |  | Deferred |  | Current |  | Deferred
Federal | ​ | $ | (183) | ​ | $ | 2,571 | ​ | $ | 235 | ​ | $ | 2,362 | ​ | $ | 341 | ​ | $ | 70,106
State | ​ | ​ | — | ​ | ​ | 442 | ​ | ​ | 44 | ​ | ​ | 438 | ​ | ​ | 63 | ​ | ​ | 12,989
Total | ​ | $ | (183) | ​ | $ | 3,013 | ​ | $ | 279 | ​ | $ | 2,800 | ​ | $ | 404 | ​ | $ | 83,095
Summary of deferred income tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Deferred Tax
​ |  | 2022 |  | 2021
Deferred Income Tax Assets | ​ | ​ | ​ | ​ | ​ | ​
Capital Loss Carryforward | ​ | $ | 1,800 | ​ | $ | 2,249
Net Operating Loss Carryforward | ​ | ​ | 2,597 | ​ | ​ | 291
Gross Deferred Income Tax Assets | ​ | ​ | 4,397 | ​ | ​ | 2,540
Less - Valuation Allowance | ​ | ​ | (1,800) | ​ | ​ | (2,249)
Net Deferred Income Tax Assets | ​ | ​ | 2,597 | ​ | ​ | 291
Deferred Income Tax Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Unrealized Gain on Investment Securities | ​ | ​ | (39) | ​ | ​ | —
Basis Differences in Mitigation Credit Assets | ​ | ​ | (28) | ​ | ​ | (774)
Total Deferred Income Tax Liabilities | ​ | ​ | (67) | ​ | ​ | (774)
Net Deferred Income Tax Liabilities | ​ | $ | 2,530 | ​ | $ | (483)
Schedule of reconciliation of income tax computed at the federal statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Income Tax Benefit Computed at Federal Statutory Rate | ​ | $ | 2,795 | ​ | 852.1 | % | ​ | $ | 4,408 | ​ | 16.4 | % | ​ | $ | 971 | ​ | (19.5) | %
Increase (Decrease) Resulting from: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
State Income Tax, Net of Federal Income Tax Benefit | ​ | ​ | 593 | ​ | 180.8 | % | ​ | ​ | 936 | ​ | 3.5 | % | ​ | ​ | 180 | ​ | (3.6) | %
Income Tax on Permanently Non-Deductible Items | ​ | ​ | (484) | ​ | (147.6) | % | ​ | ​ | — | ​ | 0.0 | % | ​ | ​ | (112) | ​ | 2.2 | %
Tax Benefit due to De-Recognition of REIT Deferred Tax Liabilities | ​ | ​ | — | ​ | 0.0 | % | ​ | ​ | — | ​ | 0.0 | % | ​ | ​ | 82,460 | ​ | (1652.6) | %
Valuation Allowance | ​ | ​ | — | ​ | 0.0 | % | ​ | ​ | (2,216) | ​ | (8.2) | % | ​ | ​ | — | ​ | 0.0 | %
Other Reconciling Items | ​ | ​ | (74) | ​ | (22.6) | % | ​ | ​ | (49) | ​ | (0.2) | % | ​ | ​ | — | ​ | 0.0 | %
Benefit for Income Taxes | ​ | $ | 2,830 | ​ | 862.8 | % | ​ | $ | 3,079 | ​ | 11.5 | % | ​ | $ | 83,499 | ​ | (1673.4) | %

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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 https://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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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