XML 51 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Schedule of of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Taxes [Abstract]        
Provision for income taxes at the statutory federal tax rates $ (123,612) $ 225,579 $ 323,116 $ 489,232
Increase (reduction) in taxes resulting from:        
Dividends received deduction (9,104)   (18,207)  
Tax-exempt interest income (51,643) (38,931) (91,981) (82,596)
15% proration of tax exempt interest and dividends received decution 9,112 5,839 16,528 12,389
Officer life insurance, net 5,793 5,793 10,796 11,587
Nondeductible expenses 8,530 111,434 17,341 121,654
Prior year true-ups and other 32,481 (66,817) 78,828 (3,916)
Total income tax (benefit) expense $ (128,443) $ 242,897 $ 336,421 $ 548,350
Proration percentage 15.00% 15.00% 15.00% 15.00%