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Income Taxes
 6 Months Ended
Jun. 30, 2021
Income Taxes [Abstract]  
Income Taxes
Note 8.
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,
  
   
2021
    
2020
    
2021
    
2020
  
Federal income tax provision at statutory rate of 21%
  
$
788
    
$
1,739
    
$
673
    
$
(409
)
Dividends-received deduction
    
(5
)
    
(3
)
    
(14
)
    
(6
)
Meals & entertainment
    
10
      
6
      
14
      
13
  
Vested stock & club dues
    
(5
)
    
3
      
(5
)
    
3
  
Parking disallowance
    
4
      
4
      
8
      
8
  
Income tax expense (benefit)
  
$
792
    
$
1,749
    
$
676
    
$
(391
)



The components of income tax expense (benefit) were:
   
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2021
    
2020
    
2021
    
2020
  
Current – Federal
  
$
693
    
$
2,173
    
$
1,069
    
$
2,302
  
Deferred – Federal
    
99
      
(424
)
    
(393
)
    
(2,693
)
Total
  
$
792
    
$
1,749
    
$
676
    
$
(391
)



In addition, the Company determined there were no significant tax implications as a result of the CARES Act.