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Income Tax Disclosure [Text Block]: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

2020

 

 

2019

 

 

 

Tax computed at the statutory rate

$

6,269  

 

$

5,323  

Dividends received deduction and tax exempt interest

 

(132) 

 

 

(128) 

State and local income taxes, net of Federal effect

 

(683) 

 

 

(132) 

Executive compensation limit

 

456  

 

 

583  

Multistate RSAs

 

776  

 

 

 

AMIC valuation allowance adjustment

 

4,492  

 

 

7,900  

Share-based compensation

 

(75) 

 

 

(993) 

Other, net

 

(371) 

 

 

106  

 

 

 

 

 

 

Income tax expense (benefit)

$

10,732  

 

$

12,659