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Income Taxes (Tables)
9 Months Ended
Sep. 30, 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 (benefit) is as follows:

 
 
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Federal income tax provision at statutory rate of 35%
 
$
941
  
$
335
  
$
3,417
  
$
1,236
 
Dividends received deduction
  
(41
)
  
(45
)
  
(119
)
  
(127
)
Small life insurance company deduction
  
(107
)
  
(375
)
  
(185
)
  
(612
)
Other permanent differences
  
9
   
12
   
27
   
28
 
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets
  
(799
)
  
24
   
(2,945
)
  
(438
)
Adjustment for prior years’ estimates to actual
  
6
   
(79
)
  
6
   
(79
)
Income tax expense (benefit)
 
$
9
  
$
(128
)
 
$
201
  
$
8
 
 
Components of income tax expense
The components of income tax expense (benefit) were:

 
 
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Current - Federal
 
$
76
  
$
213
  
$
173
  
$
331
 
Deferred - Federal
  
732
   
(365
)
  
2,973
   
115
 
Change in deferred tax asset valuation allowance
  
(799
)
  
24
   
(2,945
)
  
(438
)
Total
 
$
9
  
$
(128
)
 
$
201
  
$
8