XML 21 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Allocation of total income taxes [Abstract]    
Total tax expense on income $ 646 $ 25
Tax expense on components of shareholders' equity [Abstract]    
Net unrealized gains on investment securities 3,688 6,681
Fair value adjustment to derivative financial instrument 257 237
Total tax expense on shareholders' equity 3,945 6,918
Total tax expense 4,591 6,943
Reconciliation of income tax (benefit) expense [Abstract]    
Federal income tax provision at statutory rate of 35% 1,779 1,160
Dividends received deduction (175) (173)
Small life insurance company deduction (485) (617)
Other 46 18
Change in asset valuation allowance due to change in judgment relating to realizability of deferred tax assets (440) (412)
Adjustment for prior years' estimates to actual (79) 49
Income tax expense 646 25
Federal statutory income tax rate (in hundredths) 35.00%  
SLD as percentage of life insurance company taxable income (in hundredths) 60.00%  
Percentage of reduction in SLD (in hundredths) 15.00%  
Minimum tentative amount of LICTI 3,000  
Maximum tentative amount of LICTI 15,000  
Deferred tax liabilities [Abstract]    
Deferred acquisition costs (4,197) (4,255)
Deferred and uncollected premiums (743) (736)
Net unrealized investment gains (10,588) (6,900)
Other (8) (18)
Total deferred tax liabilities (15,536) (11,909)
Deferred tax assets [Abstract]    
Net operating loss carryforwards 1,575 1,429
Insurance reserves 4,516 4,341
Capital loss carryforwards 5,236 5,675
Impaired assets 1,406 1,443
Alternative minimum tax credit 306 510
Bad debts and other 601 903
Total deferred tax assets 13,640 14,301
Asset valuation allowance (5,268) (5,708)
Net deferred tax liability (7,164) (3,316)
Components of income tax (benefit) expense [Abstract]    
Current - Federal 743 399
Deferred - Federal 343 38
Change in deferred tax asset valuation allowance (440) (412)
Income tax expense 646 25
Regular federal net operating loss carryforwards subject to expiration $ 4,500