Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016			2015
Federal income tax provision at statutory rate of 35%	$	482		$	354
Dividends-received deduction		(22	)		(27	)
Small life insurance company deduction		-			(18	)
Other permanent differences		18			10
Income tax expense	$	478		$	319

Components of income tax expense

The components of income tax expense were:

	Three Months Ended March 31,
	2016		2015
Current – Federal	$	-	$	11
Deferred – Federal		478		308
Total	$	478	$	319