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Note 17. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

Tax computed at the statutory rate

$

    8,615 

 

$

    6,474 

 

$

  12,688 

Dividends received deduction and tax

 

 

 

 

 

 

 

 

   exempt interest

 

  (1,336)

 

 

     (600)

 

 

  (1,816)

State and local income taxes, net of Federal effect

 

       414 

 

 

       444 

 

 

    1,858 

AMIC deferred income tax reversal

 

             -

 

 

  (2,319)

 

 

            - 

AMIC valuation allowance adjustment

 

(5,900)

 

 

-

 

 

-

Other, net

 

       210 

 

 

     (267)

 

 

     (147)

 

 

 

 

 

 

 

 

 

Income tax expense

$

    2,003 

 

$

    3,732 

 

$

  12,583