Income Taxes (Tables)

6 Months Ended

Jun. 30, 2018

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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Federal income tax provision at statutory rate of 21% and 35% for 2018 and 2017, respectively	$	847		$	764		$	(487	)	$	643
Dividends-received deduction		(10	)		(24	)		(20	)		(48	)
Small life insurance company deduction		-			(30	)		-			(30	)
Other permanent differences		11			15			28			34
Income tax expense (benefit)	$	848		$	725		$	(479	)	$	599

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were:

	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018			2017
Current - Federal	$	703	$	1,063		$	739		$	1,063
Deferred - Federal		145		(338	)		(1,218	)		(464	)
Total	$	848	$	725		$	(479	)	$	599