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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
NET INCOME $ 1,948,793 $ 959,568 $ 1,183,569 $ 1,269,130
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized holding gains (losses) arising during period (1,357,536) 6,469,578 (23,152,456) 13,991,611
Reclassification adjustment for gains included in income (2,418,806) [1] (249,927) (2,496,063) [1] (448,186)
Adjustment for effects of deferred acquisition costs 128,198 (166,471) 798,791 (360,841)
Net unrealized gains (losses) on investments (3,648,144) 6,053,180 (24,849,728) 13,182,584
Amortization of actuarial net loss in net periodic pension cost 193,161 [2] 171,359 579,485 [2] 690,197
Curtailment of defined benefit pension plan       2,519,152
Net change in defined benefit pension plan 193,161 171,359 579,485 3,209,349
Other comprehensive income (loss) before income taxes (3,454,983) 6,224,539 (24,270,243) 16,391,933
Income tax expense (benefit) (1,215,383) 2,124,612 (8,303,035) 5,582,454
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES (2,239,600) 4,099,927 (15,967,208) 10,809,479
COMPREHENSIVE INCOME (LOSS) $ (290,807) $ 5,059,495 $ (14,783,639) $ 12,078,609
[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).