Income Taxes

3 Months Ended

Mar. 31, 2023

Income Taxes [Abstract]

Income Taxes

Note 9. 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 March 31,
	2023			2022
Federal income tax provision at statutory rate of 21%	$	(382	)	$	797
Dividends-received deduction		(7	)		(6	)
Meals and entertainment		12			10
Vested stock and club dues		1			—
Parking disallowance		4			4
Penalties and fines		—			149
Income tax expense (benefit)	$	(372	)	$	954

The components of income tax expense (benefit) were:

	Three Months Ended March 31,
	2023			2022
Current – Federal	$	180		$	68
Deferred – Federal		(552	)		886
Total	$	(372	)	$	954