XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2022
Income Taxes [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

For the Three-Months Ended

March 31,

2022

2021

Provision for income taxes at the statutory federal tax rates

$

(44,088)

$

309,097

Increase (reduction) in taxes resulting from:

Dividends received deduction

(11,281)

(8,108)

Tax-exempt interest income

(13,351)

(14,794)

Proration of tax-exempt interest and dividends received deduction

5,970

5,564

Nondeductible expenses

17,292

18,026

Officer life insurance, net

(4,347)

166

Total

$

(49,805)

$

309,951