Income Taxes (Tables)

9 Months Ended

Sep. 30, 2019

Income Taxes [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

	For the Three-Months Ended
	September 30,
	2019		2018
Provision for income taxes at the statutory federal tax rates	$	(5,684)	$	(60,088)
Increase (reduction) in taxes resulting from:
Dividends received deduction		(8,955)		(8,951)
Tax-exempt interest income		(16,433)		(32,002)
Proration of tax-exempt interest and dividends received deduction		5,939		10,192
Officer life insurance, net		3,579		3,579
Nondeductible expenses		8,404		12,439
Prior year true-ups and other		—		(2,738)
Total	$	(13,150)	$	(77,569)

	For the Nine-Months Ended
	September 30,
	2019		2018
Provision for income taxes at the statutory federal tax rates	$	176,341	$	56,056
Increase (reduction) in taxes resulting from:
Dividends received deduction		(28,482)		(26,852)
Tax-exempt interest income		(60,249)		(101,894)
Proration of tax-exempt interest and dividends received deduction		21,775		31,684
Officer life insurance, net		(11,039)		10,386
Nondeductible expenses		24,450		36,608
Prior year true-up and other		—		2,221
Total	$	122,796	$	8,209