XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Taxes [Abstract]        
Provision for income taxes at the statutory federal tax rates $ 151,435 $ 205,528 $ 460,532 $ (321,768)
Increase (reduction) in taxes resulting from:        
Dividends received deduction (7,967) (7,161) (16,075) (13,696)
Tax-exempt interest income (14,753) (15,784) (29,547) (31,264)
Proration of tax-exempt interest and dividends received deduction 5,499 5,600 11,063 10,968
Nondeductible expenses 24,069 8,725 42,095 14,228
Officer life insurance, net 167 (170) 333 633
Total income tax expense (benefit) $ 158,450 $ 196,738 $ 468,401 $ (340,899)