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Incomes Taxes (Tables)

12 Months Ended

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

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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

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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

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