Income Taxes

6 Months Ended

Jun. 30, 2023

Income Taxes [Abstract]

Income Taxes

Note 9. Income Taxes

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,
	2023			2022			2023			2022
Federal income tax provision at statutory rate of 21%	$	466		$	(444	)	$	84		$	353
Dividends-received deduction		(10	)		(6	)		(17	)		(12	)
Meals and entertainment		11			10			23			20
Vested stock and club dues		2			—			3			—
Parking disallowance		4			4			8			8
Penalties and fines		—			—			—			149
Income tax expense (benefit)	$	473		$	(436	)	$	101		$	518

The components of income tax expense (benefit) were:

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Current – Federal	$	1,221		$	1,144		$	1,401		$	1,212
Deferred – Federal		(748	)		(1,580	)		(1,300	)		(694	)
Total	$	473		$	(436	)	$	101		$	518