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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
NET INCOME (LOSS) $ (1,060,521) $ 280,077 $ (765,224) $ 309,562
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized holding gains (losses) arising during period (18,973,830) 5,559,242 (21,794,920) 7,522,033
Reclassification adjustment for losses (gains) included in income 10,710 [1] (86,606) (77,257) [1] (198,259)
Adjustment for effects of deferred acquisition costs 557,230 (151,255) 670,593 (194,370)
Net unrealized gains (losses) on investments (18,405,890) 5,321,381 (21,201,584) 7,129,404
Amortization of actuarial net loss in net periodic pension cost 193,162 [2] 259,419 386,324 [2] 518,838
Curtailment of defined benefit pension plan   2,519,152   2,519,152
Net change in defined benefit pension plan 193,162 2,778,571 386,324 3,037,990
Other comprehensive income (loss) before income taxes (18,212,728) 8,099,952 (20,815,260) 10,167,394
Income tax expense (benefit) (6,203,004) 2,763,425 (7,087,652) 3,457,842
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES (12,009,724) 5,336,527 (13,727,608) 6,709,552
COMPREHENSIVE INCOME (LOSS) $ (13,070,245) $ 5,616,604 $ (14,492,832) $ 7,019,114
[1] These items appear within net realized gains on investments in the consolidated income statements.
[2] These items are included in the computation of net periodic benefit cost (see Note 10).