Income Taxes (Tables)

9 Months Ended

Sep. 30, 2017

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	For the Three-Months Ended
	September 30,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	(248,017)	$	280,802
Increase (reduction) in taxes resulting from:
Dividends received deduction		(9,104)		—
Tax-exempt interest income		(73,260)		(38,644)
15% proration of tax exempt interest and dividends received decution		9,664		9,894
Officer life insurance, net		5,794		(14,606)
Nondeductible expenses		14,089		(90,801)
State taxes		(1,019)		—
Prior year true-ups and other		(78,828)		(15,725)
Total	$	(380,681)	$	130,920

	For the Nine-Months Ended
	September 30,
	2017		2016
Provision for income taxes at the statutory federal tax rates	$	75,099	$	770,034
Increase (reduction) in taxes resulting from:
Dividends received deduction		(27,311)		—
Tax-exempt interest income		(165,241)		(121,240)
15% proration of tax exempt interest and dividends received decution		26,192		22,283
Officer life insurance, net		16,590		(3,019)
Nondeductible expenses		31,430		30,853
State taxes		(1,019)		—
Prior year true-up and other		—		(19,641)
Total	$	(44,260)	$	679,270