Income Taxes (Tables)

6 Months Ended

Jun. 30, 2018

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	For the Three-Months Ended
	June 30,
	2018		2017
Provision for income taxes at the statutory federal tax rates	$	(60,471)	$	(123,612)
Increase (reduction) in taxes resulting from:
Dividends received deduction		(8,950)		(9,104)
Tax-exempt interest income		(33,569)		(51,643)
Proration of tax exempt interest and dividends received deduction		10,413		9,112
Officer life insurance, net		3,578		5,793
Nondeductible expenses		9,746		8,530
Prior year true-ups and other		(167)		32,481
Total	$	(79,420)	$	(128,443)

	For the Six-Months Ended
	June 30,
	2018		2017
Provision for income taxes at the statutory federal tax rates	$	116,144	$	323,116
Increase (reduction) in taxes resulting from:
Dividends received deduction		(17,901)		(18,207)
Tax-exempt interest income		(69,892)		(91,981)
Proration of tax exempt interest and dividends received deduction		21,492		16,528
Officer life insurance, net		6,807		10,796
Nondeductible expenses		24,169		17,341
Prior year true-up and other		4,959		78,828
Total	$	85,778	$	336,421