Income Taxes (Tables)

6 Months Ended

Jun. 30, 2014

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 June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Federal income tax provision at statutory rate of 35%	$	345		$	2,122		$	693		$	2,476
Dividends-received deduction		(30	)		(41	)		(61	)		(78	)
Small life insurance company deduction		(45	)		(78	)		(161	)		(78	)
Other permanent differences		9			9			19			18
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets		(170	)		(1,909	)		(208	)		(2,146	)
Income tax expense	$	109		$	103		$	282		$	192

Components of income tax expense

The components of income tax expense were:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Current - Federal	$	66		$	95		$	129		$	97
Deferred - Federal		213			1,917			361			2,241
Change in deferred tax asset valuation allowance		(170	)		(1,909	)		(208	)		(2,146	)
Total	$	109		$	103		$	282		$	192