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Federal Income Tax - Net Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Deferred tax liabilities    
Equity securities $ 5,414,000 $ 19,701,000
Deferred policy acquisition costs 26,572,000 21,887,000
Investments in partnerships 1,713,000 1,303,000
Over funded pension benefit 4,256,000 232,000
Prepaid pension cost 7,090,000 5,653,000
Net bond discount accretion 213,000 238,000
Depreciation 3,637,000 3,996,000
Revaluation of investment basis 0 119,000
Identifiable intangible assets 944,000 1,093,000
Capitalized Software 2,310,000 3,607,000
Other 2,432,000 1,550,000
Gross deferred tax liability 54,581,000 59,379,000
Deferred tax assets    
Financial statement reserves in excess of income tax reserves 20,414,000 22,522,000
Unearned premium adjustment 20,618,000 18,513,000
Employee profit sharing 1,623,000 1,624,000
Other-than-temporary impairment of investments 451,000 1,109,000
Compensation expense related to stock options 1,760,000 1,822,000
Nonqualified deferred compensation 2,493,000 2,399,000
Net Unrealized Appreciation - all other securities 17,753,000 23,382,000
Revaluation of investment basis 23,000 0
Other 3,067,000 3,539,000
Gross deferred tax asset 68,202,000 74,910,000
Valuation allowance 0 0
Deferred tax asset 68,202,000 74,910,000
Net deferred tax liability (asset) $ (13,621,000) $ (15,531,000)