Income Taxes (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Federal income tax provision at statutory rate of 21%	$	(515	)	$	449		$	(1,220	)	$	533
Dividends-received deduction		(10	)		(10	)		(22	)		(27	)
Meals and entertainment		18			9			53			32
Vested stock and club dues		—			11			1			14
Parking disallowance		7			5			15			13
Adjustment for prior years’ estimates to actual		44			(85	)		44			(85	)
Income tax expense (benefit)	$	(456	)	$	379		$	(1,129	)	$	480

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Current – Federal	$	296		$	790		$	296		$	2,191
Deferred – Federal		(752	)		(411	)		(1,425	)		(1,711	)
Total	$	(456	)	$	379		$	(1,129	)	$	480