XML 44 R53.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Allocation of total income taxes [Abstract]    
Total tax expense on income $ 184 $ 646
Tax expense (benefit) on components of shareholders equity: [Abstract]    
Net unrealized gains (losses) on investment securities (7,247) 3,688
Fair value adjustment to derivative financial instrument 49 257
Total tax expense (benefit) on shareholders equity (7,198) 3,945
Total tax expense (benefit) (7,014) 4,591
Reconciliation of income tax (benefit) expense [Abstract]    
Federal income tax provision at statutory rate of 35% 3,922 1,779
Dividends received deduction (149) (175)
Small life insurance company deduction (586) (485)
Other 50 46
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets (3,059) (440)
Adjustment for prior years' estimates to actual 6 (79)
Income tax expense 184 646
Federal statutory income tax rate (in hundredths) 35.00%  
SLD as percentage of life insurance company taxable income (in hundredths) 60.00%  
Percentage of reduction in SLD (in hundredths) 15.00%  
Minimum tentative amount of LICTI 3,000  
Maximum tentative amount of LICTI 15,000  
Deferred tax liabilities [Abstract]    
Deferred acquisition costs (3,766) (4,197)
Deferred and uncollected premiums (734) (743)
Net unrealized investment gains (3,341) (10,588)
Other (8) (8)
Total deferred tax liabilities (7,849) (15,536)
Deferred tax assets [Abstract]    
Net operating loss carryforwards 844 1,575
Insurance reserves 5,109 4,516
Capital loss carryforwards 2,177 5,236
Impaired assets 1,406 1,406
Alternative minimum tax credit 309 306
Bad debts and other 576 601
Total deferred tax assets 10,421 13,640
Asset valuation allowance (2,209) (5,268)
Net deferred tax asset (liability) 363 (7,164)
Components of income tax (benefit) expense [Abstract]    
Current - Federal 513 743
Deferred - Federal 2,730 343
Change in deferred tax asset valuation allowance (3,059) (440)
Income tax expense 184 646
Regular federal net operating loss carryforwards subject to expiration $ 2,411