Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Income Taxes [Abstract]

Reconciliation of Income Tax Expense (Benefit)

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 March 31,
	2020			2019
Federal income tax provision at statutory rate of 21%	$	(2,148	)	$	1,110
Dividends-received deduction		(3	)		(9	)
Other permanent differences		11			22
Income tax expense (benefit)	$	(2,140	)	$	1,123

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were:

	Three Months Ended March 31,
	2020			2019
Current – Federal	$	129		$	-
Deferred – Federal		(2,269	)		1,123
Total	$	(2,140	)	$	1,123