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Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounting Changes and Error Corrections [Text Block]
The total impact of this system conversion reflected in the accompanying consolidated financial statements as of and for the three and nine months ended September 30, 2018 is summarized in the table below.

Impact on financial balances:
 
Increase (Decrease)
Consolidated Statements of Financial Position
 
(In thousands)
Deferred policy acquisition costs
 
$
(4,339
)
Future policy benefit reserves:
 
 
Life insurance
 
(10,197
)
 
 
 
Consolidated Statements of Comprehensive Income
 
 
Decrease in future policy benefit reserves
 
(10,197
)
Amortization of deferred policy acquisition costs
 
4,339

Income (loss) before federal income tax
 
5,858

Federal income tax expense
 
1,230

Net income (loss)
 
$
4,628


We are continuing to convert other information to the new valuation system and will report those items as information becomes available and in accordance with applicable accounting guidance.