Income Taxes (Tables)

9 Months Ended

Sep. 30, 2018

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	For the Three-Months Ended
	September 30,
	2018		2017
Provision for income taxes at the statutory federal tax rates	$	(60,088)	$	(248,016)
Increase (reduction) in taxes resulting from:
Dividends received deduction		(8,951)		(9,105)
Tax-exempt interest income		(32,002)		(73,260)
Proration of tax exempt interest and dividends received deduction		10,192		9,664
Officer life insurance, net		3,579		5,794
Nondeductible expenses		12,439		14,089
Prior year true-ups and other		(2,738)		(79,847)
Total	$	(77,569)	$	(380,681)

	For the Nine-Months Ended
	September 30,
	2018		2017
Provision for income taxes at the statutory federal tax rates	$	56,056	$	75,099
Increase (reduction) in taxes resulting from:
Dividends received deduction		(26,852)		(27,311)
Tax-exempt interest income		(101,894)		(165,241)
Proration of tax exempt interest and dividends received deduction		31,684		26,192
Officer life insurance, net		10,386		16,590
Nondeductible expenses		36,608		31,430
Prior year true-up and other		2,221		(1,019)
Total	$	8,209	$	(44,260)