Income Taxes (Tables)

3 Months Ended

Mar. 31, 2013

Income Taxes [Abstract]

Reconciliation of income tax expense

A reconciliation of the differences between income taxes computed at the federal statutory income tax rate and income tax expense is as follows:

	Three Months Ended March 31,
	2013			2012
Federal income tax provision at statutory rate of 35%	$	354		$	602
Dividends received deduction		(37	)		(44	)
Small life insurance company deduction		-			(205	)
Other permanent differences		9			8
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets		(237	)		(298	)
Income tax expense	$	89		$	63

Components of income tax expense

The components of income tax expense were:

	Three Months Ended March 31,
	2013			2012
Current - Federal	$	2		$	96
Deferred - Federal		324			265
Change in deferred tax asset valuation allowance		(237	)		(298	)
Total	$	89		$	63