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Incomes Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Taxes [Abstract] |
Schedule Of Components Of Income Tax Expense |
For the Years Ended December 31, | 2012 | 2011
Current: |  |
Federal | $ 5,018,000 | $ 2,515,000
State | 163,000 | 29,000
Total current | 5,181,000 | 2,544,000
Deferred: |  |
Federal | (305,525) | 28,131
State | 13,525 | (7,131)
Total deferred | (292,000) | 21,000
Total | $ 4,889,000 | $ 2,565,000
Schedule Of Deferred Tax Assets And Liabilities |
For the Years Ended December 31, | 2012 | 2011
Deferred income tax assets: |  |
Accrued benefits and retirement services | $ 2,889,350 | $ 2,491,168
Postretirement benefit obligation | 52,791 | 28,026
Other-than-temporary impairment of assets | 344,701 | 434,929
Reinsurance and commissions payable | 19,087 | 38,969
Allowance for doubtful accounts | 641,920 | 414,120
Net operating loss carryforward | 12,000 | 30,000
Capital loss carryforward | 0 | 5,194
Excess of book over tax depreciation | 143,184 | 113,648
Other | 410,052 | 491,479
Total | 4,513,085 | 4,047,533
Deferred income tax liabilities: |  |
Recorded reserves for claims, net of statutory premium reserves | 399,217 | 290,318
Net unrealized gain on investments | 4,687,264 | 3,956,708
Discount accretion on tax-exempt obligations | 2,038 | 0
Other | 317,722 | 279,870
Total | 5,406,241 | 4,526,896
Net deferred income tax liabilities | $ (893,156) | $ (479,363)
Schedule Of Reconciliation Of Income Tax |
For the Years Ended December 31, | 2012 | 2011
Anticipated income tax expense | $ 5,467,168 | $ 3,229,638
Increase (decrease) related to: |  |
State income taxes, net of federal income tax benefit | 107,580 | 19,140
Tax-exempt interest income (net of amortization) | (757,005) | (700,300)
Other, net | 71,257 | 16,522
Provision for income taxes | $ 4,889,000 | $ 2,565,000

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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