Income Taxes (Tables)

3 Months Ended

Mar. 31, 2017

Income Taxes [Abstract]

Reconciliation of income tax expense (benefit)

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 March 31,
	2017			2016
Federal income tax provision at statutory rate of 35%	$	(121	)	$	482
Dividends-received deduction		(24	)		(22	)
Other permanent differences		19			18
Income tax expense (benefit)	$	(126	)	$	478

Components of income tax expense (benefit)

The components of income tax expense (benefit) were:

	Three Months Ended March 31,
	2017			2016
Current – Federal	$	-		$	-
Deferred – Federal		(126	)		478
Total	$	(126	)	$	478