Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	For the Three-Months Ended
	June 30,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	(123,612)	$	225,579
Increase (reduction) in taxes resulting from:
Dividends received deduction		(9,104)		—
Tax-exempt interest income		(51,643)		(38,931)
15% proration of tax exempt interest and dividends received decution		9,112		5,839
Officer life insurance, net		5,793		5,793
Nondeductible expenses		8,530		111,434
Prior year true-ups and other		32,481		(66,817)
Total	$	(128,443)	$	242,897

	For the Six-Months Ended
	June 30,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	323,116	$	489,232
Increase (reduction) in taxes resulting from:
Dividends received deduction		(18,207)		—
Tax-exempt interest income		(91,981)		(82,596)
15% proration of tax exempt interest and dividends received decution		16,528		12,389
Officer life insurance, net		10,796		11,587
Nondeductible expenses		17,341		121,654
Prior year true-ups and other		78,828		(3,916)
Total	$	336,421	$	548,350