First Trinity Financial (FTFC) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 09, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	First Trinity Financial CORP
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		7,802,593
Amendment Flag	false
Entity Central Index Key	1,395,585
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $129,264,756 and $107,412,322 as of September 30, 2015 and December 31, 2014, respectively)	$ 129,158,760	$ 110,651,429
Available-for-sale equity securities at fair value (cost: $534,912 and $519,595 as of September 30, 2015 and December 31, 2014, respectively)	614,289	671,357
Mortgage loans on real estate	55,084,951	38,649,733
Investment real estate	2,362,929	9,165,090
Policy loans	1,474,528	1,520,620
Short-term investments	599,544	1,141,199
Other long-term investments	31,794,676	21,781,925
Total investments	221,089,677	183,581,353
Cash and cash equivalents	11,978,769	10,158,386
Accrued investment income	2,081,804	1,682,906
Recoverable from reinsurers	1,197,636	1,222,245
Agents' balances and due premiums	1,090,615	562,146
Deferred policy acquisition costs	11,856,105	9,287,851
Value of insurance business acquired	6,382,496	6,674,414
Property and equipment, net	45,656	84,001
Other assets	6,826,345	5,747,866
Total assets	262,549,103	219,001,168
Policy liabilities
Policyholders' account balances	185,748,171	140,554,973
Future policy benefits	38,631,023	35,913,730
Policy claims	655,416	602,269
Other policy liabilities	74,152	87,148
Total policy liabilities	225,108,762	177,158,120
Notes payable		4,076,473
Deferred federal income taxes	1,364,642	2,198,753
Other liabilities	4,228,905	2,357,484
Total liabilities	230,702,309	185,790,830
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 and 8,050,193 issued as of September 30, 2015 and December 31, 2014, respectively and 7,802,593 and 7,812,038 outstanding as of September 30, 2015 and December 31, 2014, respectively)	80,502	80,502
Additional paid-in capital	28,684,598	28,684,748
Treasury stock, at cost (247,580 and 238,155 shares as of September 30, 2015 and December 31, 2014, respectively)	(893,947)	(855,304)
Accumulated other comprehensive income (loss)	(22,711)	2,683,543
Accumulated earnings	3,998,352	2,616,849
Total shareholders' equity	31,846,794	33,210,338
Total liabilities and shareholders' equity	$ 262,549,103	$ 219,001,168

Consolidated Statements of Fin3

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale fixed maturity securities at amortized cost (in Dollars)	$ 129,264,756	$ 107,412,322
Available-for-sale equity securities at cost (in Dollars)	$ 534,912	$ 519,595
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,050,173	8,050,193
Common stock, shares outstanding	7,802,593	7,812,038
Treasury stock, shares	247,580	238,155

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Premiums	$ 2,496,403	$ 2,026,730	$ 7,141,841	$ 5,968,768
Net investment income	2,916,317	2,227,772	7,828,639	6,460,183
Net realized investment gains	280,763	16,528	786,852	778,244
Loss on other-than-temporary impairment	(1,078)		(305,334)
Gain on reinsurance assumption	38,923		588,923
Other income	40,492	56,277	56,656	76,352
Total revenues	5,771,820	4,327,307	16,097,577	13,283,547
Benefits and claims
Increase in future policy benefits	909,156	562,682	2,605,117	1,777,486
Death benefits	803,941	808,294	2,574,150	2,280,756
Surrenders	122,655	215,089	400,536	459,027
Interest credited to policyholders	1,459,480	1,141,903	4,052,780	3,243,630
Dividend, endowment and supplementary life contract benefits	66,689	59,569	224,793	197,169
Total benefits and claims	3,361,921	2,787,537	9,857,376	7,958,068
Policy acquisition costs deferred	(1,596,615)	(606,042)	(3,819,582)	(1,692,513)
Amortization of deferred policy acquisition costs	428,448	347,073	1,285,997	936,627
Amortization of value of insurance business acquired	92,561	106,241	291,918	308,839
Commissions	1,430,501	591,212	3,340,116	1,631,193
Other underwriting, insurance and acquisition expenses	1,189,367	867,080	3,599,813	3,190,362
Total expenses	1,544,262	1,305,564	4,698,262	4,374,508
Total benefits, claims and expenses	4,906,183	4,093,101	14,555,638	12,332,576
Income before total federal income tax expense	865,637	234,206	1,541,939	950,971
Current federal income tax expense (benefit)	218,754	(146,465)	318,132	(68,015)
Deferred federal income tax expense (benefit)	(834)	182,907	(157,546)	143,888
Total federal income tax expense	217,920	36,442	160,586	75,873
Net income	$ 647,717	$ 197,764	$ 1,381,353	$ 875,098
Net income per common share basic and diluted (in Dollars per share)	$ 0.08	$ 0.03	$ 0.18	$ 0.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income		$ 647,717	$ 197,764	$ 1,381,353	$ 875,098
Other comprehensive income (loss)
Total net unrealized gains (losses) arising during the period		(1,524,166)	(1,251,770)	(3,436,009)	2,391,378
Less net realized investment gains (losses)	[1]	200,657	7,631	(18,521)	574,062
Net unrealized gains (losses)		(1,724,823)	(1,259,401)	(3,417,488)	1,817,316
Less adjustment to deferred acquisition costs		(16,661)	7,714	(34,669)	32,279
Other comprehensive income (loss) before income tax expense		(1,708,162)	(1,267,115)	(3,382,819)	1,785,037
Income tax expense (benefit)		(341,633)	(253,424)	(676,565)	357,006
Total other comprehensive income (loss)		(1,366,529)	(1,013,691)	(2,706,254)	1,428,031
Total comprehensive income (loss)		$ (718,812)	$ (815,927)	$ (1,324,901)	$ 2,303,129
[1]	These items appear within net realized investment gains and loss on other-than-temporary impairment in the consolidated statement of operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance, beginning at Dec. 31, 2013	$ 80,502	$ 28,684,748	$ (693,731)	$ 1,878,157	$ 691,338	$ 30,641,014
Repurchase of common stock			(80,000)			(80,000)
Comprehensive income:
Net income					875,098	875,098
Other comprehensive income (loss)				1,428,031		1,428,031
Balance, ending at Sep. 30, 2014	80,502	28,684,748	(773,731)	3,306,188	1,566,436	32,864,143
Balance, beginning at Dec. 31, 2014	80,502	28,684,748	(855,304)	2,683,543	2,616,849	33,210,338
Repurchase of common stock			(38,643)			(38,643)
Stock dividend adjustment		(150)			150
Comprehensive income:
Net income					1,381,353	1,381,353
Other comprehensive income (loss)				(2,706,254)		(2,706,254)
Balance, ending at Sep. 30, 2015	$ 80,502	$ 28,684,598	$ (893,947)	$ (22,711)	$ 3,998,352	$ 31,846,794

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities
Net income	$ 1,381,353	$ 875,098
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation	147,462	151,013
Accretion of discount on investments	(758,333)	(667,036)
Net realized investment gains	(786,852)	(778,244)
Loss on other-than-temporary impairment	305,334
Gain on reinsurance assumption	(588,923)
Amortization of policy acquisition cost	1,285,997	936,627
Policy acquisition cost deferred	(3,819,582)	(1,692,513)
Mortgage loan origination fees deferred	(74,000)	(73,500)
Amortization of loan origination fees	51,362	58,477
Amortization of value of insurance business acquired	291,918	308,839
Provision for deferred federal income tax benefit	(157,546)	143,888
Interest credited to policyholders	4,052,780	3,243,630
Change in assets and liabilities:
Accrued investment income	(361,106)	(163,477)
Policy loans	51,961	(8,668)
Short-term investments	541,655	(1,391,445)
Allowance for mortgage and premium finance loan losses	48,585	59,793
Recoverable from reinsurers	24,609	25,794
Agents' balances and due premiums	(526,319)	(212,376)
Other assets (excludes $61 and $9,500 of premium finance loans for 2015 and 2014, respectively)	(1,078,539)	(801,606)
Future policy benefits	2,628,204	1,799,893
Policy claims	53,147	(77,687)
Other policy liabilities	(12,996)	10,072
Other liabilities	1,871,421	(776,409)
Net cash provided by operating activities	4,571,592	970,163
Investing activities
Purchases of fixed maturity securities	(26,575,622)	(19,781,456)
Maturities of fixed maturity securities	1,634,000	4,209,000
Sales of fixed maturity securities	5,937,843	6,349,530
Purchases of equity securities	(551,229)	(131,717)
Sales of equity securities	533,813	105,080
Reinsurance assumption	64,935
Purchases of mortgage loans	(23,665,861)	(20,972,323)
Payments on mortgage loans	7,452,257	5,284,042
Purchases of other long-term investments	(11,968,198)	(1,975,228)
Payments on other long-term investments	3,245,071	2,759,728
Loans repaid for premiums financed	61	19,000
Purchases of real estate		(2,817,857)
Sale of real estate	7,083,246	36,000
Net cash used in investing activities	(36,809,684)	(26,916,201)
Financing activities
Policyholders' account deposits	45,590,381	24,011,810
Policyholders' account withdrawals	(7,416,790)	(5,067,516)
Purchases of treasury stock	(38,643)	(80,000)
Proceeds from issuance of notes payable		4,076,473
Repayment of notes payable	(4,076,473)
Net cash provided by financing activities	34,058,475	22,940,767
Increase (decrease) in cash	1,820,383	(3,005,271)
Cash and cash equivalents, beginning of period	10,158,386	10,608,438
Cash and cash equivalents, end of period	$ 11,978,769	$ 7,603,167

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Other assets premium finance loans	$ 61	$ 9,500

Supplemental Disclosures to Con

Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	On April 28, 2015, the Company acquired a block of life insurance policies and annuity contracts according to the terms of an assumption reinsurance agreement. The Company acquired assets of $3,644,839 (including cash), assumed liabilities of $3,055,916 and recorded a gain on reinsurance assumption of $588,923. During third quarter 2015, the Company completed its evaluation of assets, liabilities and gain associated with the reinsurance assumption and adjusted the assets, liabilities and gain on reinsurance assumption initially estimated and recorded in second quarter 2015. In conjunction with this 2015 reinsurance assumption transaction, the cash and non-cash impact on operating, investing and financing activities is summarized as follows: Nine Months Ended September 30, 2015 Cash used in reinsurance assumption $ - Cash provided in reinsurance assumption 64,935 Increase in cash from reinsurance assumption 64,935 Fair value of assets acquired in reinsurance assumption (excluding cash) Available-for-sale fixed maturity securities 3,534,093 Policy loans 5,869 Accrued investment income 37,792 Due premiums 2,150 Total fair value of assets acquired (excluding cash) 3,579,904 Fair value of liabilities assumed in reinsurance assumption Policyholders' account balances 2,966,827 Future policy benefits 89,089 Total fair value of liabilities assumed 3,055,916 Fair value of net assets acquired in reinsurance assumption (excluding cash) 523,988 Fair value of net assets acquired in reinsurance assumption (including cash) $ 588,923

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	1. Organization and Significant Accounting Policies Nature of Operations First Trinity Financial Corporation (the “Company” or “FTFC”) is the parent holding company of Trinity Life Insurance Company (“TLIC”), Family Benefit Life Insurance Company (“FBLIC”) and First Trinity Capital Corporation (“FTCC”). The Company was incorporated in Oklahoma on April 19, 2004, for the primary purpose of organizing a life insurance subsidiary. The Company owns 100% of TLIC. TLIC owns 100% of FBLIC. TLIC and FBLIC are primarily engaged in the business of marketing, underwriting and distributing a broad range of individual life insurance and annuity products to individuals. TLIC’s and FBLIC’s current product portfolio consists of a modified premium whole life insurance policy with a flexible premium deferred annuity rider, whole life, term, final expense, accidental death and dismemberment and annuity products. The term products are both renewable and convertible and issued for 10, 15, 20 and 30 years. They can be issued with premiums fully guaranteed for the entire term period or with a limited premium guarantee. The final expense is issued as either a simplified issue or as a graded benefit, determined by underwriting. The TLIC and FBLIC products are sold through independent agents. TLIC is licensed in the states of Illinois, Kansas, Kentucky, Nebraska, North Dakota, Ohio, Oklahoma and Texas. FBLIC is licensed in the states of Alabama, Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia and West Virginia. The Company owns 100% of FTCC that was incorporated in 2006, and began operations in January 2007. FTCC provided financing for casualty insurance premiums for individuals and companies and was licensed to conduct premium financing business in the states of Alabama, Arkansas, Louisiana, Mississippi and Oklahoma. FTCC currently has no operations other than minor premium refunds, collections of past due accounts and accounts involved in litigation. Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 and $25,669,480 from two public stock offerings and one private placement stock offering from June 22, 2005 through February 23, 2007; June 29, 2010 through April 30, 2012; and August 15, 2012 through March 8, 2013. The Company issued 7,347,488 shares of its common stock and incurred $3,624,518 of offering costs during these private placements and public stock offerings. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 and 2012 that resulted in accumulated earnings being charged $5,270,138 with an offsetting credit of $5,270,138 to common stock and additional paid-in capital. As a result, the Company’s accumulated earnings as of September 30, 2015, as shown in the consolidated statement of financial position was negatively impacted in 2011 ($2,428,328) and 2012 ($2,841,810) and all periods thereafter by the $5,270,138 charge from the two stock dividends. The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock. On December 23, 2008, FTFC acquired 100% of the outstanding common stock of First Life America Corporation (“FLAC”) from an unaffiliated company. The acquisition of FLAC was accounted for as a purchase. The aggregate purchase price for FLAC was approximately $2,695,000 (including direct cost associated with the acquisition of approximately $195,000). The acquisition of FLAC was financed with the working capital of FTFC. On December 31, 2008, FTFC made FLAC a 15 year loan in the form of a surplus note in the amount of $250,000 with an interest rate of 6% payable monthly, that was approved by the Oklahoma Insurance Department (“OID”). This surplus note is eliminated in consolidation. On August 31, 2009, two of the Company’s subsidiaries, Trinity Life Insurance Company (“Old TLIC”) and FLAC, were merged, with FLAC being the surviving company. Immediately following the merger, FLAC changed its name to TLIC. On December 28, 2011, TLIC acquired 100% of the outstanding common stock of FBLIC from FBLIC’s shareholders. The acquisition of FBLIC was accounted for as a purchase. The aggregate purchase price for the acquisition of FBLIC was $13,855,129. The acquisition of FBLIC was financed with the working capital of TLIC. On April 28, 2015, the Company acquired a block of life insurance policies and annuity contracts according to the terms of an assumption reinsurance agreement. The Company acquired assets of $3,644,839 (including cash), assumed liabilities of $3,055,916 and recorded a gain on reinsurance assumption of $588,923. During third quarter 2015, the Company completed its evaluation of assets, liabilities and gain associated with the reinsurance assumption and adjusted the assets, liabilities and gain on reinsurance assumption initially estimated and recorded in second quarter 2015. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting primarily of normal recurring accruals) considered necessary for a fair presentation of the results for the interim periods have been included. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the results to be expected for the year ended December 31, 2015 or for any other interim period or for any other future year. Certain financial information which is normally included in notes to consolidated financial statements prepared in accordance with U.S. GAAP, but which is not required for interim reporting purposes, has been condensed or omitted. The accompanying consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto included in the Company's report on Form 10-K for the year ended December 31, 2014. Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation. Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no effect on previously reported net income or shareholders' equity. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results. Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 per share. Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no longer outstanding. Subsequent Events Management has evaluated all events subsequent to September 30, 2015 through the date that these financial statements have been issued. Recent Accounting Pronouncements Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In April 2014, the Financial Accounting Standards Board (“FASB”) issued revised guidance to reduce diversity in practice for reporting discontinued operations. Under the previous guidance, any component of an entity that was a reportable segment, an operating segment, a reporting unit, a subsidiary or an asset group was eligible for discontinued operations presentation. The revised guidance only allows disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment or other major parts of an entity) and that have a major effect on a reporting entity's operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The updated guidance was effective for the quarter ending March 31, 2015. The adoption of this guidance did not have a material effect on the Company's results of operations, financial position or liquidity. Revenue from Contracts with Customers In May 2014, the FASB issued updated guidance to clarify the principles for recognizing revenue. While insurance contracts are not within the scope of this updated guidance, the Company's fee income related to providing services will be subject to this updated guidance. The updated guidance requires an entity to recognize revenue as performance obligations are met, in order to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration the entity is entitled to receive for those goods or services. The following steps are applied in the updated guidance: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when, or as, the entity satisfies a performance obligation. In July 2015, the FASB deferred the effective date of the updated guidance on revenue recognition Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In June 2014, the FASB issued updated guidance to resolve diversity in practice concerning employee share-based payments that contain performance targets that could be achieved after the requisite service period. Many reporting entities account for performance targets that could be achieved after the requisite service period as performance conditions that affect the vesting of the award and, therefore, do not reflect the performance targets in the estimate of the grant-date fair value of the award. Other reporting entities treat those performance targets as nonvesting conditions that affect the grant-date fair value of the award. The updated guidance requires that a performance target that affects vesting and that can be achieved after the requisite service period be treated as a performance condition. As such, the performance target that affects vesting should not be reflected in estimating that fair value of the award at the grant date. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which service has been rendered. If the performance target becomes probable of being achieved before the end of the service period, the remaining unrecognized compensation cost for which requisite service has not yet been rendered is recognized prospectively over the remaining service period. The total amount of compensation cost recognized during and after the service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The updated guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, the FASB issued guidance to address the diversity in practice in determining when there is substantial doubt about an entity's ability to continue as a going concern and when an entity must disclose certain relevant conditions and events. The new guidance requires an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). The new guidance allows the entity to consider the mitigating effects of management's plans that will alleviate the substantial doubt and requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans. If conditions or events raise substantial doubt that is not alleviated, an entity should disclose that there is substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued), along with the principal conditions or events that raise substantial doubt, management's evaluation of the significance of those conditions or events in relation to the entity's ability to meet its obligations and management's plans that are intended to mitigate those conditions. The guidance is effective for annual periods ending after December 15, 2016, and interim and annual periods thereafter. Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity In November 2014, the FASB issued updated guidance to clarify when the separation of certain embedded derivative features in a hybrid financial instrument that is issued in the form of a share is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. Furthermore, the amendments clarify that no single term or feature would necessarily determine the economic characteristics and risks of the host contract. Rather, the nature of the host contract depends upon the economic characteristics and risks of the entire hybrid financial instrument. The updated guidance is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Receivables – Troubled Debt Restructurings by Creditors In January 2015, the FASB issued updated guidance for troubled debt restructurings clarifying when an in substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2015. This guidance can be elected for prospective adoption or by using a retrospective transition method. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Amendments to the Consolidation Analysis In February 2015, the FASB issued updated guidance that makes targeted amendments to the current consolidation accounting guidance. The update is in response to accounting complexity concerns, particularly from the asset management industry. The guidance simplifies consolidation accounting by reducing the number of approaches to consolidation, provides a scope exception to registered money market funds and similar unregistered money market funds and ends the indefinite deferral granted to investment companies from applying the variable interest entity guidance. The updated guidance is effective for annual and interim periods beginning after December 15, 2015. The adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued updated guidance to clarify the required presentation of debt issuance costs. The amended guidance requires that debt issuance costs be presented in the balance sheet as a direct reduction from the carrying amount of the recognized debt liability, consistent with the treatment of debt discounts. Amortization of debt issuance costs is to be reported as interest expense. The recognition and measurement guidance for debt issuance costs are not affected by the updated guidance. The updated guidance is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity. Simplifying the Accounting for Measurement-Period Adjustments In September 2015, the FASB issued updated guidance regarding business combinations that requires an acquirer to recognize post-close measurement adjustments for provisional amounts in the period the adjustment amounts are determined rather than retrospectively. The acquirer is also required to recognize, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the provisional amount, calculated as if the accounting had been completed at the acquisition date. The updated guidance is to be applied prospectively effective for annual and interim periods beginning after December 15, 2015. In connection with business combinations which have already been completed, the adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity.

Note 2 - Investments

Note 2 - Investments	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments Fixed Maturity and Equity Securities Available-For-Sale Investments in fixed maturity and equity securities available-for-sale as of September 30, 2015 and December 31, 2014 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair September 30, 2015 (Unaudited) Cost Gains Losses Value Fixed maturity securities U.S. government and U.S. government agencies $ 2,934,923 $ 150,306 $ 65,796 $ 3,019,433 States and political subdivisions 8,309,947 78,676 62,130 8,326,493 Residential mortgage-backed securities 60,967 39,480 - 100,447 Corporate bonds 102,360,369 2,640,590 2,324,260 102,676,699 Foreign bonds 15,598,550 258,667 821,529 15,035,688 Total fixed maturity securities 129,264,756 3,167,719 3,273,715 129,158,760 Gross Gross Unrealized Unrealized Fair Cost Gains Losses Value Equity securities Mutual funds 83,215 - 13,848 69,367 Corporate preferred stock 259,992 3,702 1,040 262,654 Corporate common stock 191,705 95,943 5,380 282,268 Total equity securities 534,912 99,645 20,268 614,289 Total fixed maturity and equity securities $ 129,799,668 $ 3,267,364 $ 3,293,983 $ 129,773,049 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2014 Cost Gains Losses Value Fixed maturity securities U.S. government and U.S. government agencies $ 2,650,994 $ 168,071 $ 69,052 $ 2,750,013 States and political subdivisions 1,184,034 20,982 863 1,204,153 Residential mortgage-backed securities 68,242 62,193 - 130,435 Corporate bonds 92,367,191 3,711,276 885,169 95,193,298 Foreign bonds 11,141,861 426,197 194,528 11,373,530 Total fixed maturity securities 107,412,322 4,388,719 1,149,612 110,651,429 Gross Gross Unrealized Unrealized Fair Cost Gains Losses Value Equity securities Mutual funds 80,879 2,586 - 83,465 Corporate preferred stock 254,502 3,273 1,700 256,075 Corporate common stock 184,214 147,603 - 331,817 Total equity securities 519,595 153,462 1,700 671,357 Total fixed maturity and equity securities $ 107,931,917 $ 4,542,181 $ 1,151,312 $ 111,322,786 All securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of September 30, 2015 and December 31, 2014 are summarized as follows: Unrealized Number of September 30, 2015 (Unaudited) Fair Value Loss Securities Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 298,777 $ 1,223 1 States and political subdivisions 2,858,266 62,130 14 Corporate bonds 32,164,337 1,734,929 129 Foreign bonds 6,174,712 576,466 29 Total less than 12 months 41,496,092 2,374,748 173 More than 12 months U.S. government and U.S. government agencies 1,065,427 64,573 2 Corporate bonds 2,919,944 589,331 15 Foreign bonds 431,616 245,063 2 Total more than 12 months 4,416,987 898,967 19 Total fixed maturity securities 45,913,079 3,273,715 192 Equity securities Less than 12 months Mutual funds 69,367 13,848 1 Corporate preferred stock 48,960 1,040 1 Corporate common stock 44,404 5,380 1 Total equity securities 162,731 20,268 3 Total fixed maturity and equity securities $ 46,075,810 $ 3,293,983 195 Unrealized Number of December 31, 2014 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 12,258,681 $ 477,590 47 Foreign bonds 3,446,676 194,528 16 Total less than 12 months 15,705,357 672,118 63 More than 12 months U.S. government and U.S. government agencies 1,360,948 69,052 3 States and political subdivisions 105,569 863 1 Corporate bonds 2,761,555 407,579 14 Total more than 12 months 4,228,072 477,494 18 Total fixed maturity securities 19,933,429 1,149,612 81 Equity securities Greater than 12 months Corporate preferred stock 48,300 1,700 1 Total equity securities 48,300 1,700 1 Total fixed maturity and equity securities $ 19,981,729 $ 1,151,312 82 As of September 30, 2015, the Company held 192 available-for-sale fixed maturity securities with an unrealized loss of $3,273,715, fair value of $45,913,079 and amortized cost of $49,186,794. These unrealized losses were primarily due to market interest rate movements in the bond market as of September 30, 2015. The ratio of the fair value to the amortized cost of these 192 securities is 93%. The Company has recorded an other-than-temporary impairment during 2015. During the second quarter of 2015, the Company impaired its bonds in a mining corporation with a total par value of $600,000 as a result of continuing unrealized losses. This impairment was considered fully credit-related, resulting in a charge to the statement of operations before tax of $305,334 for the nine months ended September 30, 2015. This charge represents the credit-related portion of the difference between the amortized cost basis of the security and its fair value. The Company has experienced no additional other-than-temporary impairments during 2015. As of December 31, 2014, the Company held 81 available-for-sale fixed maturity securities with an unrealized loss of $1,149,612, fair value of $19,933,429 and amortized cost of $21,083,041. These unrealized losses were primarily due to market interest rate movements in the bond market as of December 31, 2014. The ratio of the fair value to the amortized cost of these 81 securities is 95%. As of September 30, 2015, the Company has three available-for-sale equity securities with an unrealized loss of $20,268, fair value of $162,731 and cost of $182,999. The ratio of fair value to cost of these securities is 89%. As of December 31, 2014, the Company held one available-for-sale equity security with an unrealized loss of $1,700, fair value of $48,300 and cost of $50,000. The ratio of fair value to cost of this security is 97%. Fixed maturity securities were 94% and 95% investment grade as rated by Standard & Poor’s as of September 30, 2015 and December 31, 2014, respectively. The Company’s decision to record an impairment loss is primarily based on whether the security’s fair value is likely to remain significantly below its book value based on all of the factors considered. Factors that are considered include the length of time the security’s fair value has been below its carrying amount, the severity of the decline in value, the credit worthiness of the issuer, and the coupon and/or dividend payment history of the issuer. The Company also assesses whether it intends to sell or whether it is more likely than not that it may be required to sell the security prior to its recovery in value. For any fixed maturity securities that are other-than-temporarily impaired, the Company determines the portion of the other-than-temporary impairment that is credit-related and the portion that is related to other factors. The credit-related portion is the difference between the expected future cash flows and the amortized cost basis of the fixed maturity security, and that difference is charged to earnings. The non-credit-related portion representing the remaining difference to fair value is recognized in other comprehensive income (loss). Only in the case of a credit-related impairment where management has the intent to sell the security, or it is more likely than not that it will be required to sell the security before recovery of its cost basis, is a fixed maturity security adjusted to fair value and the resulting losses recognized in realized gains (losses) in the consolidated statements of operations. Any other-than-temporary impairments on equity securities are recorded in the consolidated statements of operations in the periods incurred as the difference between fair value and cost. Based on management’s review, the Company experienced one other-than-temporary impairment during the nine months ended September 30, 2015. There were no impairments during the nine months ended September 30, 2014 or during the year ended December 31, 2014. Management believes that the Company will fully recover its cost basis in the securities held as of September 30, 2015, and management does not have the intent to sell nor is it more likely than not that the Company will be required to sell such securities until they recover or mature. The remaining temporary impairments shown herein are primarily the result of the current interest rate environment rather than credit factors that would imply other-than-temporary impairment. Net unrealized gains (losses) included in other comprehensive income (loss) for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation (depreciation) had been realized as of September 30, 2015 and December 31, 2014, are summarized as follows: (Unaudited) September 30, 2015 December 31, 2014 Unrealized appreciation (depreciation) on available-for-sale securities $ (26,619 ) $ 3,390,869 Adjustment to deferred acquisition costs (1,771 ) (36,440 ) Deferred income taxes 5,679 (670,886 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (22,711 ) $ 2,683,543 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $31,794,676 and $21,781,925 as of September 30, 2015 and December 31, 2014, respectively. The lottery prize cash flows are assignments of the future rights from lottery winners purchased at a discounted price. Payments on these investments are made by state run lotteries. The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of September 30, 2015, by contractual maturity, are summarized as follows: September 30, 2015 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 5,834,282 $ 5,907,253 $ 3,916,275 $ 3,963,069 Due after one year through five years 33,349,555 34,646,738 11,698,420 12,608,769 Due after five years through ten years 51,570,973 50,673,120 8,694,860 10,383,676 Due after ten years 38,448,979 37,831,202 7,485,121 11,165,525 Due at multiple maturity dates 60,967 100,447 - - $ 129,264,756 $ 129,158,760 $ 31,794,676 $ 38,121,039 Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Proceeds and gross realized gains (losses) from the sales, calls and maturities of fixed maturity securities available-for-sale, equity securities available-for-sale, mortgage loans on real estate and investment real estate for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2015 2014 2015 2014 2015 2014 2015 2014 Proceeds $ 4,983,682 $ 1,982,472 $ - $ - $ 3,328,222 $ 2,273,252 $ - $ - Gross realized gains 225,058 8,755 - - 79,028 8,897 - - Gross realized losses (23,323 ) (1,124 ) - - - - - - Loss on other-than- Other-than-temporary impairment (1,078 ) - - - - - - - Nine Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2015 2014 2015 2014 2015 2014 2015 2014 Proceeds $ 7,571,843 $ 10,558,530 $ 533,813 $ 105,080 $ 7,452,257 $ 5,284,042 $ 7,083,246 $ - Gross realized gains 313,690 554,818 996 21,400 109,837 204,182 390,202 - Gross realized losses (24,977 ) (2,156 ) (2,896 ) - - - - - Loss on other-than- Other-than-temporary impairment (305,334 ) - - - - - - - The accumulated change in net unrealized investment gains for fixed maturity and equity securities available-for-sale for the three and nine months ended September 30, 2015 and 2014 and the amount of realized investment gains on fixed maturity securities available-for-sale, equity securities available-for-sale, mortgage loans on real estate and investment real estate for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Change in unrealized investment gains: Available-for-sale securities: Fixed maturity securities $ (1,689,567 ) $ (1,230,128 ) $ (3,345,103 ) $ 1,843,802 Equity securities (35,256 ) (29,273 ) (72,385 ) (26,486 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 200,657 7,631 (16,621 ) 552,662 Equity securities - - (1,900 ) 21,400 Mortgage loans on real estate 79,028 8,897 109,837 204,182 Investment real estate - - 390,202 - Major categories of net investment income for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Fixed maturity securities $ 1,400,291 $ 1,160,725 $ 3,819,806 $ 3,408,788 Equity securities 8,797 10,917 29,051 32,321 Other long-term investments 501,221 400,985 1,340,050 1,234,775 Mortgage loans 1,172,040 681,204 3,108,912 1,716,909 Policy loans 25,248 25,902 75,554 76,280 Real estate 97,657 204,984 357,067 582,978 Short-term and other investments 46,018 40,839 159,644 112,917 Gross investment income 3,251,272 2,525,556 8,890,084 7,164,968 Investment expenses (334,955 ) (297,784 ) (1,061,445 ) (704,785 ) Net investment income $ 2,916,317 $ 2,227,772 $ 7,828,639 $ 6,460,183 TLIC and FBLIC are required to hold assets on deposit with various state insurance departments for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of September 30, 2015 and December 31, 2014, these required deposits, included in investment assets, had amortized costs that totaled $3,980,317 and $3,954,696, respectively. As of September 30, 2015 and December 31, 2014, these required deposits had fair values that totaled $4,070,232 and $4,057,740, respectively. The Company’s mortgage loans by property type as of September 30, 2015 and December 31, 2014 are summarized as follows: (Unaudited) September 30, 2015 December 31, 2014 Amount Percentage Amount Percentage Commercial mortgage loans Retail stores $ 1,293,112 2.35 % $ 1,635,412 4.23 % Office buildings 315,002 0.57 % 327,181 0.85 % Total commercial mortgage loans 1,608,114 2.92 % 1,962,593 5.08 % Residential mortgage loans 53,476,837 97.08 % 36,687,140 94.92 % Total mortgage loans $ 55,084,951 100.00 % $ 38,649,733 100.00 % The Company’s investment real estate as of September 30, 2015 and December 31, 2014 is summarized as follows: (Unaudited) September 30, 2015 December 31, 2014 Land - held for the production of income $ 213,160 $ 213,160 Land - held for sale 750,047 2,034,478 Total land 963,207 2,247,638 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (867,835 ) (758,718 ) Buildings net of accumulated depreciation 1,399,722 1,508,839 Building - held for sale - 5,408,613 Total buildings 1,399,722 6,917,452 Investment real estate, net of accumulated depreciation $ 2,362,929 $ 9,165,090 TLIC owns approximately six and one-half acres of land located in Topeka, Kansas that includes a 20,000 square foot office building on approximately one-fourth of this land. This building and one and one-half acres of land is held for the production of income. The remaining five acres of land are held for sale. In addition, FBLIC owns one-half acre of undeveloped land located in Jefferson City, Missouri. This land is held for sale. FTCC also owned a small, undeveloped land parcel in Carthage, Mississippi that was sold during 2014. In December 2013, TLIC purchased one acre of land in Greensburg, Indiana that included a 3,975 square foot retail building on approximately 8% of this land. Also in December 2013, TLIC purchased another acre of land in Norman, Oklahoma that included a 9,100 square foot retail building on approximately 18% of this land. These buildings and land were held for sale and, as discussed below, were sold on March 11, 2015. In February 2014, TLIC purchased one acre of land in Houston, Texas that included a 9,195 square foot building constructed on approximately 25% of this land. Also in February 2014, TLIC purchased three-fourths of an acre of land in Harrisonville, Missouri that included a 6,895 square foot building constructed on approximately 20% of this land. This building and land were also held for sale and, as discussed below, were sold on March 11, 2015. On March 11, 2015, the Company sold its investment real estate in buildings and land held for sale in Greensburg, Indiana; Norman, Oklahoma; Houston, Texas and Harrisonville, Missouri with an aggregate carrying value of $6,693,044 as of both December 31, 2014 and March 11, 2015. The Company recorded a gross profit on these sales of $390,202 based on an aggregate sales price of $7,083,246 less closing costs and expenses of $20,119. In addition, simultaneously with these sales, the Company settled its two notes payable, collateralized by the held for sale buildings and land ( including assignment of the tenant leases), with an aggregate payment to Grand Bank (the creditor) of $4,076,473. In connection with the repayments of the two notes payable, the Company expensed the loan origination fees remaining as of March 11, 2015 of $72,744. During the period from January 1, 2015 to March 11, 2015, the Company incurred interest expense of $35,181 on the two notes payable and amortized $7,423 of loan origination fees.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	3. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) on the measurement date. The Company also considers the impact on fair value of a significant decrease in volume and level of activity for an asset or liability when compared with normal activity. The Company holds fixed maturity and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value, as follows: Level 1 Level 2 Level 3 The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three-level fair value hierarchy. If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the valuation inputs, or their ability to be observed, may result in a reclassification for certain financial assets or liabilities. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in and out of the Level 3 category as of the beginning of the period in which the reclassifications occur. The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 is summarized as follows: September 30, 2015 (Unaudited) Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,019,433 $ - $ 3,019,433 States and political subdivisions - 8,326,493 - 8,326,493 Residential mortgage-backed securities - 100,447 - 100,447 Corporate bonds - 102,676,699 - 102,676,699 Foreign bonds - 15,035,688 - 15,035,688 Total fixed maturity securities $ - $ 129,158,760 $ - $ 129,158,760 Equity securities, available-for-sale Mutual funds $ - $ 69,367 $ - $ 69,367 Corporate preferred stock 209,770 52,884 - 262,654 Corporate common stock 235,768 - 46,500 282,268 Total equity securities $ 445,538 $ 122,251 $ 46,500 $ 614,289 December 31, 2014 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,750,013 $ - $ 2,750,013 States and political subdivisions - 1,204,153 - 1,204,153 Residential mortgage-backed securities - 130,435 - 130,435 Corporate bonds - 95,193,298 - 95,193,298 Foreign bonds - 11,373,530 - 11,373,530 Total fixed maturity securities $ - $ 110,651,429 $ - $ 110,651,429 Equity securities, available-for-sale Mutual funds $ 3,592 $ 79,873 $ - $ 83,465 Corporate preferred stock 203,999 52,076 - 256,075 Corporate common stock 285,317 - 46,500 331,817 Total equity securities $ 492,908 $ 131,949 $ 46,500 $ 671,357 As of both September 30, 2015 and December 31, 2014, Level 3 financial instruments consisted of two private placement common stocks that have no active trading. These private placement stocks represent investments in small insurance holding companies. The fair value for these securities was determined through the use of unobservable assumptions about market participants. The Company has assumed a willing market participant would purchase the securities for the same price as the Company paid until such time as the development stage company commences operations. Fair values for Level 1 and Level 2 assets for the Company’s fixed maturity and equity securities available-for-sale are primarily based on prices supplied by a third party investment service. The third party investment service provides quoted prices in the market which use observable inputs in developing such rates. The Company analyzes market valuations received to verify reasonableness and to understand the key assumptions used and the sources. Since the fixed maturity securities owned by the Company do not trade on a daily basis, the third party investment service prepares estimates of fair value measurements using relevant market data, benchmark curves, sector groupings and matrix pricing. As the fair value estimates of the Company’s fixed maturity securities are based on observable market information rather than market quotes, the estimates of fair value on these fixed maturity securities are included in Level 2 of the hierarchy. The Company’s Level 2 investments include obligations of U.S. government, U.S. government agencies, states and political subdivisions, mortgage-backed securities, corporate bonds and foreign bonds. The Company’s equity securities are included in Level 1 and Level 2 and the private placement common stocks are included in Level 3. Level 1 for those equity securities classified as such is appropriate since they trade on a daily basis, are based on quoted market prices in active markets and are based upon unadjusted prices. Level 2 for those equity securities classified as such is appropriate since they are not actively traded as of the measurement dates. The Company’s fixed maturity and equity securities available-for-sale portfolio is highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not carried, at fair value as of September 30, 2015 and December 31, 2014, and the level within the fair value hierarchy at which such assets and liabilities are measured on a recurring basis are summarized as follows: Financial Instruments Disclosed, But Not Carried, at Fair Value: September 30, 2015 (Unaudited) Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Mortgage loans on real estate Commercial $ 1,608,114 $ 1,633,185 $ - $ - $ 1,633,185 Residential 53,476,837 55,009,183 - - 55,009,183 Policy loans 1,474,528 1,474,528 - - 1,474,528 Short-term investments 599,544 599,544 599,544 - - Other long-term investments 31,794,676 38,121,039 - - 38,121,039 Cash and cash equivalents 11,978,769 11,978,769 11,978,769 - - Accrued investment income 2,081,804 2,081,804 - - 2,081,804 Loans from premium financing 123,825 123,825 - - 123,825 Total financial assets $ 103,138,097 $ 111,021,877 $ 12,578,313 $ - $ 98,443,564 Financial liabilities Policyholders' account balances $ 185,748,171 $ 167,835,552 $ - $ - $ 167,835,552 Policy claims 655,416 655,416 - - 655,416 Total financial liabilities $ 186,403,587 $ 168,490,968 $ - $ - $ 168,490,968 December 31, 2014 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Mortgage loans on real estate Commercial $ 1,962,593 $ 2,000,041 $ - $ - $ 2,000,041 Residential 36,687,140 38,613,679 - - 38,613,679 Policy loans 1,520,620 1,520,620 - - 1,520,620 Short-term investments 1,141,199 1,141,199 1,141,199 - - Other long-term investments 21,781,925 25,912,178 - - 25,912,178 Cash and cash equivalents 10,158,386 10,158,386 10,158,386 - - Accrued investment income 1,682,906 1,682,906 - - 1,682,906 Loans from premium financing 123,886 123,886 - - 123,886 Total financial assets $ 75,058,655 $ 81,152,895 $ 11,299,585 $ - $ 69,853,310 Financial liabilities Policyholders' account balances $ 140,554,973 $ 126,144,182 $ - $ - $ 126,144,182 Notes payable 4,076,473 4,076,473 - - 4,076,473 Policy claims 602,269 602,269 - - 602,269 Total financial liabilities $ 145,233,715 $ 130,822,924 $ - $ - $ 130,822,924 The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not necessarily indicative of the amounts which could be realized in a current market exchange. The use of different market assumptions or estimation methodologies may have a material effect on the fair value amounts. The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto: Fixed Maturity Securities and Equity Securities The fair value of fixed maturity securities and equity securities are based on the principles previously discussed as Level 1, Level 2 and Level 3. Mortgage Loans on Real Estate The fair values for mortgage loans are estimated using discounted cash flow analyses. For residential mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. For commercial mortgage loans, the discount rate used was assumed to be the interest rate on the last commercial mortgage acquired by the Company. Cash and Cash Equivalents, Short-Term Investments, Accrued Investment Income, Policy Loans and Loans from Premium Financing The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents and short-term investments are included in Level 1 of the fair value hierarchy due to their highly liquid nature. Other Long-Term Investments Other long-term investments are comprised of lottery prize receivables and fair value is derived by using a discounted cash flow approach. Projected cash flows are discounted using the average Citigroup Pension Liability Index in effect at the end of each period. Investment Contracts – Policyholders’ Account Balances The fair value for liabilities under investment-type insurance contracts (accumulation annuities) is calculated using a discounted cash flow approach. Cash flows are projected using actuarial assumptions and discounted to the valuation date using risk-free rates adjusted for credit risk and the nonperformance risk of the liabilities. The fair values for insurance contracts other than investment-type contracts are not required to be disclosed. Policy Claims The carrying amounts reported for these liabilities approximate their fair value. Notes Payable The carrying amounts reported for these liabilities approximate their fair value. These notes payable were issued on March 26, 2014 and the current refinancing of these liabilities would result in notes payable yielding approximately the carrying amount as shown in the December 31, 2014 consolidated statement of financial position. The notes payable were settled on March 11, 2015.

Note 4 - Notes Payable

Note 4 - Notes Payable	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. Notes Payable Notes payable as of December 31, 2014 are summarized as follows: December 31, 2014 Promissory note payable to Grand Bank, secured by real estate and tenant leases located in Indiana, Oklahoma and Texas, 35 monthly payments of interest at 4.50% with a final payment in the 36th month of $3,009,265 of principal plus unpaid accrued interest at 4.50%, maturity date is March 26, 2017 $ 3,009,265 Promissory note payable to Grand Bank, secured by real estate and tenant leases located in Missouri, 35 monthly payments of interest at 4.50% with a final payment on the 36th month of $1,067,208 of principal plus unpaid accrued interest at 4.50%, maturity date is March 26, 2017 1,067,208 Total promissory notes payable $ 4,076,473 On March 11, 2015, the Company sold its investment real estate in buildings and land held for sale in Greensburg, Indiana; Norman, Oklahoma; Houston, Texas and Harrisonville, Missouri with an aggregate carrying value of $6,693,044 as of both December 31, 2014 and March 11, 2015. The Company recorded a gross profit on these sales of $390,202 based on an aggregate sales price of $7,083,246 less closing costs and expenses of $20,119. In addition, simultaneously with these sales, the Company settled its two notes payable, collateralized by the held for sale buildings and land ( including assignment of the tenant leases), with an aggregate payment to Grand Bank (the creditor) of $4,076,473. The $3,009,265 promissory note was collateralized (including assignment of the tenant leases) by three properties, located in Indiana, Oklahoma and Texas, purchased for $4,940,647 in December 2013 and February 2014. In December 2013, TLIC purchased one acre of land in Greensburg, Indiana that included a 3,975 square foot building constructed on approximately 8% of this land at a cost of $2,444,203 (including closing costs of $50,516). The building is leased through October 31, 2027 plus four future five year extensions effective on November 1, 2027, November 1, 2032, November 1, 2037 and November 1, 2042. The terms of the lease have the lessee responsible for paying real estate taxes, building insurance and building and ground maintenance. The monthly lease payments were as follows: $14,661 in 2014; $14,881 in 2015; $15,104 in 2016; $15,331 in 2017; $15,561 in 2018 and $15,794 in 2019. In December 2013, TLIC also purchased one acre of land in Norman, Oklahoma that included a 9,100 square foot building constructed on approximately 18% of this land at a cost of $1,519,431 (including closing costs of $37,931). The building is leased through August 31, 2028 plus three future five year extensions on September 1, 2028, September 1, 2033 and September 1, 2038. The terms of the lease have the lessee responsible for paying real estate taxes, building insurance and building and ground maintenance. The monthly lease payments were $8,004 through August 31, 2028. In February 2014, TLIC purchased one acre of land in Houston, Texas that included a 9,195 square foot building constructed on approximately 25% of this land at a cost of $977,013 (including closing costs of $31,063). The building is leased through December 31, 2023 plus four future five year extensions effective on January 1, 2024, January 1, 2029, January 1, 2034 and January 1, 2039. The terms of the lease have the lessee responsible for paying real estate taxes and building insurance. TLIC is responsible for building and ground maintenance. The monthly lease payments were $5,833 through December 31, 2019. The $1,067,208 promissory note was collateralized (including assignment of the tenant leases) by the February 2014 TLIC purchase of three-fourths of an acre of land in Harrisonville, Missouri that included a 6,895 square foot building constructed on approximately 20% of this land at a cost of $1,752,397 (including closing costs of $44,864). The building is leased through October 31, 2028 plus three future five year extensions on November 1, 2028, November 1, 2033 and November 1, 2038. The terms of the lease have the lessee responsible for paying real estate taxes, building insurance and building and ground maintenance. The monthly lease payments were $9,463 through October 31, 2028. When the two promissory notes were originated on March 26, 2014, $106,889 of loan origination fees were capitalized with amortization of the capitalized loan origination fees during the 36 month term of the loan. For the year ended December 31, 2014, $26,722 of the loan origination fees has been amortized and the unamortized loan origination fees as of December 31, 2014 were $80,167. The Company incurred $137,581 of interest expense during 2014 on these two notes payable. In connection with the repayments of the two notes payable on March 11, 2015, the Company expensed the loan origination fees remaining as of March 11, 2015 of $72,744. During the period from January 1, 2015 to March 11, 2015, the Company incurred interest expense of $35,181 on the two notes payable and amortized $7,423 of loan origination fees.

Note 5 - Segment Data

Note 5 - Segment Data	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	5. Segment Data The Company has a life insurance segment, consisting of the life insurance operations of TLIC and FBLIC, an annuity segment, consisting of the annuity operations of TLIC and FBLIC and a corporate segment. Results for the parent company and the operations of FTCC, after elimination of intercompany amounts, are allocated to the corporate segment . These segments as of September 30, 2015 and December 31, 2014 and for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Revenues: Life insurance operations $ 3,009,009 $ 2,451,719 $ 8,700,985 $ 7,467,032 Annuity operations 2,688,858 1,739,192 7,094,580 5,491,626 Corporate operations 73,953 136,396 302,012 324,889 Total $ 5,771,820 $ 4,327,307 $ 16,097,577 $ 13,283,547 Income (loss) before income taxes: Life insurance operations $ 752,366 $ 323,544 $ 754,556 $ 202,269 Annuity operations 183,304 (231,415 ) 652,395 495,240 Corporate operations (70,033 ) 142,077 134,988 253,462 Total $ 865,637 $ 234,206 $ 1,541,939 $ 950,971 Depreciation and amortization expense: Life insurance operations $ 351,004 $ 125,190 $ 1,168,749 $ 784,650 Annuity operations 224,704 382,776 570,215 659,656 Corporate operations 12,486 5,080 37,775 10,650 Total $ 588,194 $ 513,046 $ 1,776,739 $ 1,454,956 (Unaudited) September 30, 2015 December 31, 2014 Assets: Life insurance operations $ 44,743,380 $ 44,448,441 Annuity operations 211,112,838 167,947,889 Corporate operations 6,692,885 6,604,838 Total $ 262,549,103 $ 219,001,168

Note 6 - Federal Income Taxes

Note 6 - Federal Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	6. Federal Income Taxes The provision for federal income taxes is based on the asset and liability method of accounting for income taxes. Deferred income taxes are provided for the cumulative temporary differences between balances of assets and liabilities determined under GAAP and the balances using tax bases. A valuation allowance has been established due to the uncertainty of certain loss carry forwards. The Company has no known uncertain tax benefits within its provision for income taxes. In addition, the Company does not believe it would be subject to any penalties or interest relative to any open tax years and, therefore, has not accrued any such amounts. The Company files U.S. federal income tax returns and income tax returns in various state jurisdictions. The 2012 through 2014 U.S. federal tax years are subject to income tax examination by tax authorities. The Company classifies any interest and penalties (if applicable) as income tax expense in the financial statements.

Note 7 - Legal Matters and Cont

Note 7 - Legal Matters and Contingent Liabilities	9 Months Ended
	Sep. 30, 2015
Loss Contingency [Abstract]
Contingencies Disclosure [Text Block]	7. Legal Matters and Contingent Liabilities The Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, filed an action in the District Court of Tulsa County, Oklahoma in 2013, Case No. CJ-2013-03385, against former Company Board of Directors member, Wayne Pettigrew and Mr. Pettigrew’s company, Group & Pension Planners, Inc. (the “Defendants”). The petition filed in the case alleges that Mr. Pettigrew, during and after the time he was a member of the Company’s Board of Directors, made defamatory statements regarding the Company and Mr. Zahn and committed breaches of his fiduciary duties to the Company. The defendants are alleged to have made defamatory statements to certain shareholders of the Company, to the press and to the Oklahoma Insurance Department and the Oklahoma Department of Securities. Mr. Pettigrew has denied the allegations. The Board of Directors, represented by independent counsel, concluded that there was no action to be taken against Mr. Zahn and that the allegations by Mr. Pettigrew were without substance. The Company has been informed by the Oklahoma Insurance Department that it would take no action and was also informed that the Oklahoma Department of Securities, after its investigation of the allegations, concluded that no proceedings were needed with respect to the alleged matters. It is the Company’s intention to vigorously prosecute this action against the Defendants for damages and for the correction of the defamatory statements. In the opinion of the Company’s management, the ultimate resolution of any contingencies that may arise from this litigation is not considered material in relation to the financial position or results of operations of the Company. Prior to its acquisition by TLIC, FBLIC developed, marketed, and sold life insurance products known as “Decreasing Term to 95” policies. On January 17, 2013, FBLIC’s Board of Directors voted that, effective March 1, 2013, it was not approving, and therefore was not providing, a dividend for the Decreasing Term to 95 policies. On November 22, 2013, three individuals who owned Decreasing Term to 95 policies filed a Petition in the Circuit Court of Greene County, Missouri asserting claims against FBLIC relating to FBLIC’s decision to not provide a dividend under the Decreasing Term to 95 policies. The Petition asserts claims for breach of contract and anticipatory breach of contract and alleges that FBLIC breached, and will anticipatorily breach, the Decreasing Term to 95 policies of insurance by not providing a dividend sufficient to purchase a one year term life insurance policy which would keep the death benefit under the Decreasing Term to 95 policies the same as that provided during the first year of coverage under the policy. In addition to these claims, the Petition asserts claims for negligent misrepresentation, fraud, and violation of the Missouri Merchandising Practices Act (“MMPA”). It alleges that during its sale of the Decreasing Term to 95 policies, FBLIC represented that the owners of these policies would always be entitled to dividends to purchase a one-year term life insurance policy and that the owners would have a level death benefit without an increase in premium. The Petition also seeks to certify a class of individuals with similar claims but no class has been certified by the Court. FBLIC denies the allegations in the Petition and will continue to defend against them. It is the Company’s intention to vigorously defend the request for class certification, as well as to defend vigorously against the individual allegations. FBLIC filed a motion for partial summary judgment seeking summary judgment on the claims for violation of MMPA. This motion for partial summary judgment asked the court to declare that the MMPA does not apply to insurance companies such as FBLIC and enter judgment for FBLIC on the petition. A hearing for the motion of summary judgment was held on February 25, 2015 and it was subsequently denied by the court on March 2, 2015. The Company is unable to determine the potential magnitude of the claims in the event of a final certification and the plaintiffs prevailing on this substantive action.

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	8. Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, 2015 and 2014 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of July 1, 2015 $ 1,358,562 $ (14,744 ) $ 1,343,818 Other comprehensive loss before reclassifications, net of tax (1,219,333 ) 13,329 (1,206,004 ) Less amounts reclassified from accumulated other comprehensive income (loss), net of tax 160,525 - 160,525 Other comprehensive loss (1,379,858 ) 13,329 (1,366,529 ) Balance as of September 30, 2015 $ (21,296 ) $ (1,415 ) $ (22,711 ) Balance as of July 1, 2014 $ 4,349,872 $ (29,993 ) $ 4,319,879 Other comprehensive loss before reclassifications, net of tax (1,001,414 ) (6,172 ) (1,007,586 ) Less amounts reclassified from accumulated other comprehensive income, net of tax 6,105 - 6,105 Other comprehensive loss (1,007,519 ) (6,172 ) (1,013,691 ) Balance as of September 30, 2014 $ 3,342,353 $ (36,165 ) $ 3,306,188 Nine Months Ended September 30, 2015 and 2014 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2015 $ 2,712,694 $ (29,151 ) $ 2,683,543 Other comprehensive loss before reclassifications, net of tax (2,748,807 ) 27,736 (2,721,071 ) Less amounts reclassified from accumulated other comprehensive income (loss) , net of tax (14,817 ) - (14,817 ) Other comprehensive loss (2,733,990 ) 27,736 (2,706,254 ) Balance as of September 30, 2015 $ (21,296 ) $ (1,415 ) $ (22,711 ) Balance as of January 1, 2014 $ 1,888,498 $ (10,341 ) $ 1,878,157 Other comprehensive income before reclassifications, net of tax 1,913,105 (25,824 ) 1,887,281 Less amounts reclassified from accumulated other comprehensive income, net of tax 459,250 - 459,250 Other comprehensive income 1,453,855 (25,824 ) 1,428,031 Balance as of September 30, 2014 $ 3,342,353 $ (36,165 ) $ 3,306,188 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, 2015 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains (losses) on available-for-sale securities: Unrealized holding losses arising during the period $ (1,524,166 ) $ (304,833 ) $ (1,219,333 ) Reclassification adjustment for net gains included in operations 200,657 40,132 160,525 Net unrealized losses on investments (1,724,823 ) (344,965 ) (1,379,858 ) Adjustment to deferred acquisition costs 16,661 3,332 13,329 Total other comprehensive loss $ (1,708,162 ) $ (341,633 ) $ (1,366,529 ) Three Months Ended September 30, 2014 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains on available-for-sale securities: Unrealized holding losses arising during the period $ (1,251,770 ) $ (250,356 ) $ (1,001,414 ) Reclassification adjustment for net gains included in operations 7,631 1,526 6,105 Net unrealized losses on investments (1,259,401 ) (251,882 ) (1,007,519 ) Adjustment to deferred acquisition costs (7,714 ) (1,542 ) (6,172 ) Total other comprehensive loss $ (1,267,115 ) $ (253,424 ) $ (1,013,691 ) Nine Months Ended September 30, 2015 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains (losses) on available-for-sale securities: Unrealized holding losses arising during the period $ (3,436,009 ) $ (687,202 ) $ (2,748,807 ) Reclassification adjustment for net losses included in operations (18,521 ) (3,704 ) (14,817 ) Net unrealized losses on investments (3,417,488 ) (683,498 ) (2,733,990 ) Adjustment to deferred acquisition costs 34,669 6,933 27,736 Total other comprehensive loss $ (3,382,819 ) $ (676,565 ) $ (2,706,254 ) Nine Months Ended September 30, 2014 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,391,378 $ 478,273 $ 1,913,105 Reclassification adjustment for net gains included in operations 574,062 114,812 459,250 Net unrealized gains on investments 1,817,316 363,461 1,453,855 Adjustment to deferred acquisition costs (32,279 ) (6,455 ) (25,824 ) Total other comprehensive income $ 1,785,037 $ 357,006 $ 1,428,031 Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statement of operations for the three and nine months ended September 30, 2015 and 2014 are summarized as follows: Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) Reclassification Adjustments 2015 2014 2015 2014 Unrealized gains on available-for-sale securities: Realized gains (losses) on sales of securities (a) $ 200,657 $ 7,631 $ (18,521 ) $ 574,062 Income tax expense (benefit) (b) 40,132 1,526 (3,704 ) 114,812 Total reclassification adjustments $ 160,525 $ 6,105 $ (14,817 ) $ 459,250 (a) These items appear within net realized investment gains and loss on other-than-temporary impairment in the consolidated statement of operations. (b) These items appear within federal income taxes in the consolidated statement of operations.

Note 9 - Allowance for Loan Los

Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing	9 Months Ended
	Sep. 30, 2015
Premiums Receivable Disclosure [Abstract]
Premiums Receivable Note [Text Block]	9. Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing The allowance for possible loan losses from investments in mortgage loans on real estate and loans from premium financing is a reserve established through a provision for possible loan losses charged to expense which represents, in the Company’s judgment, the known and inherent credit losses existing in the residential and commercial mortgage loan and premium financing loan portfolios. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the residential and commercial mortgage loan and premium finance loan portfolios and reduces the carrying value of investments in mortgage loans on real estate and premium finance loans to the estimated net realizable value on the consolidated statement of financial position. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including the performance of the residential and commercial mortgage loan and premium finance loan portfolios, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan and premium finance loan losses consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not specifically identified loans. Mortgage loans and premium finance loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the mortgage loan or premium finance loan agreement. Factors considered by the Company in determining impairment include payment status, collateral value of the real estate subject to the mortgage loan, and the probability of collecting scheduled principal and interest payments when due. Mortgage loans and premium finance loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The Company determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the mortgage loan or premium finance loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis. As of September 30, 2015, $562,235 of independent mortgage loan balances are held in escrow by a third party for the benefit of the Company related to its investment in $19,940,549 of mortgage loans on real estate with one loan originator. In addition, the Company has an additional $175,051 allowance for possible loan losses in the remaining $35,144,402 of investments in mortgage loans on real estate as of September 30, 2015. As of December 31, 2014, $540,049 of independent mortgage loan balances are held in escrow by a third party for the benefit of the Company related to its investment in $12,892,150 of mortgage loans on real estate with one loan originator. In addition, the Company had an additional $126,466 allowance for possible loan losses in the remaining $25,757,583 of investments in mortgage loans on real estate as of December 31, 2014. Through June 30, 2012, FTCC financed amounts up to 80% of the premium on property and casualty insurance policies after a 20% or greater down payment was made by the policy owner. The premiums financed were collateralized by the amount of the unearned premium of the insurance policy. Policies that became delinquent were submitted for cancellation and recovery of the unearned premium, up to the amount of the loan balance, 25 days after a payment became delinquent. Loans from premium financing of $320,996 and $321,243 as of September 30, 2015 and December 31, 2014, respectively, are carried net of estimated loan losses of $197,171 and $197,358 as of September 30, 2015 and December 31, 2014, respectively. The Company has made no premium financing loans since June 30, 2012. FTCC currently has no operations other than minor premium refunds, collections of past due accounts and accounts involved in litigation. The balances of and changes in the Company’s credit losses related to mortgage loans on real estate and loans from premium financing as of and for the three and nine months ended September 30, 2015 and 2014 are summarized as follows (excluding $19,940,549 and $9,086,579 of mortgage loans on real estate as of September 30, 2015 and 2014, respectively, with one loan originator where independent mortgage loan balances are held in escrow by a third party for the benefit of the Company): (Unaudited) As of and for the Three Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2015 2014 2015 2014 2015 2014 2015 2014 Allowance, beginning $ 156,254 $ 94,364 $ 8,204 $ 10,235 $ 197,171 $ 197,358 $ 361,629 $ 301,957 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 10,716 23,079 (123 ) (190 ) - - 10,593 22,889 Allowance, ending $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 197,171 $ 197,358 $ 372,222 $ 324,846 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ 192,689 $ 192,876 $ 192,689 $ 192,876 Collectively evaluated for impairment $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 4,482 $ 4,482 $ 179,533 $ 131,970 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ 316,514 $ 316,761 $ 316,514 $ 316,761 Collectively evaluated for impairment $ 33,536,288 $ 23,966,858 $ 1,608,114 $ 1,998,978 $ 4,482 $ 4,482 $ 35,148,884 $ 25,970,318 (Unaudited) As of and for the Nine Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2015 2014 2015 2014 2015 2014 2015 2014 Allowance, beginning $ 116,604 $ 50,210 $ 9,862 $ 7,985 $ 197,358 $ 206,858 $ 323,824 $ 265,053 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 50,366 67,233 (1,781 ) 2,060 (187 ) (9,500 ) 48,398 59,793 Allowance, ending $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 197,171 $ 197,358 $ 372,222 $ 324,846 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ 192,689 $ 192,876 $ 192,689 $ 192,876 Collectively evaluated for impairment $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 4,482 $ 4,482 $ 179,533 $ 131,970 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ 316,514 $ 316,761 $ 316,514 $ 316,761 Collectively evaluated for impairment $ 33,536,288 $ 23,966,858 $ 1,608,114 $ 1,998,978 $ 4,482 $ 4,482 $ 35,148,884 $ 25,970,318 The Company utilizes the ratio of the carrying value of individual residential and commercial mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial mortgage loans on real estate by credit quality using this ratio as of September 30, 2015 and December 31, 2014 are summarized as follows: Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Over 70% to 80% $ 13,964,429 $ 9,049,051 $ - $ - $ 13,964,429 $ 9,049,051 Over 60% to 70% 21,136,263 11,129,632 914,482 938,703 22,050,745 12,068,335 Over 50% to 60% 8,145,377 6,176,648 193,570 201,352 8,338,947 6,378,000 Over 40% to 50% 7,575,234 7,734,658 376,202 409,338 7,951,436 8,143,996 Over 30% to 40% 1,771,362 1,635,865 123,860 405,152 1,895,222 2,041,017 Over 20% to 30% 182,057 448,381 - - 182,057 448,381 Over 10% to 20% 595,960 87,634 - - 595,960 87,634 10% or less 106,155 425,271 - 8,048 106,155 433,319 Total $ 53,476,837 $ 36,687,140 $ 1,608,114 $ 1,962,593 $ 55,084,951 $ 38,649,733

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 and $25,669,480 from two public stock offerings and one private placement stock offering from June 22, 2005 through February 23, 2007; June 29, 2010 through April 30, 2012; and August 15, 2012 through March 8, 2013. The Company issued 7,347,488 shares of its common stock and incurred $3,624,518 of offering costs during these private placements and public stock offerings. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 and 2012 that resulted in accumulated earnings being charged $5,270,138 with an offsetting credit of $5,270,138 to common stock and additional paid-in capital. As a result, the Company’s accumulated earnings as of September 30, 2015, as shown in the consolidated statement of financial position was negatively impacted in 2011 ($2,428,328) and 2012 ($2,841,810) and all periods thereafter by the $5,270,138 charge from the two stock dividends. The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock. On December 23, 2008, FTFC acquired 100% of the outstanding common stock of First Life America Corporation (“FLAC”) from an unaffiliated company. The acquisition of FLAC was accounted for as a purchase. The aggregate purchase price for FLAC was approximately $2,695,000 (including direct cost associated with the acquisition of approximately $195,000). The acquisition of FLAC was financed with the working capital of FTFC. On December 31, 2008, FTFC made FLAC a 15 year loan in the form of a surplus note in the amount of $250,000 with an interest rate of 6% payable monthly, that was approved by the Oklahoma Insurance Department (“OID”). This surplus note is eliminated in consolidation. On August 31, 2009, two of the Company’s subsidiaries, Trinity Life Insurance Company (“Old TLIC”) and FLAC, were merged, with FLAC being the surviving company. Immediately following the merger, FLAC changed its name to TLIC. On December 28, 2011, TLIC acquired 100% of the outstanding common stock of FBLIC from FBLIC’s shareholders. The acquisition of FBLIC was accounted for as a purchase. The aggregate purchase price for the acquisition of FBLIC was $13,855,129. The acquisition of FBLIC was financed with the working capital of TLIC. On April 28, 2015, the Company acquired a block of life insurance policies and annuity contracts according to the terms of an assumption reinsurance agreement. The Company acquired assets of $3,644,839 (including cash), assumed liabilities of $3,055,916 and recorded a gain on reinsurance assumption of $588,923. During third quarter 2015, the Company completed its evaluation of assets, liabilities and gain associated with the reinsurance assumption and adjusted the assets, liabilities and gain on reinsurance assumption initially estimated and recorded in second quarter 2015.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting primarily of normal recurring accruals) considered necessary for a fair presentation of the results for the interim periods have been included. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the results to be expected for the year ended December 31, 2015 or for any other interim period or for any other future year. Certain financial information which is normally included in notes to consolidated financial statements prepared in accordance with U.S. GAAP, but which is not required for interim reporting purposes, has been condensed or omitted. The accompanying consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto included in the Company's report on Form 10-K for the year ended December 31, 2014.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no effect on previously reported net income or shareholders' equity.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results.
Common Stock Policy [Policy Text Block]	Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 per share.
Treasury Stock [Policy Text Block]	Treasury Stock Treasury stock, representing shares of the Company’s common stock that have been reacquired after having been issued and fully paid, is recorded at the reacquisition cost and the shares are no longer outstanding.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to September 30, 2015 through the date that these financial statements have been issued.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In April 2014, the Financial Accounting Standards Board (“FASB”) issued revised guidance to reduce diversity in practice for reporting discontinued operations. Under the previous guidance, any component of an entity that was a reportable segment, an operating segment, a reporting unit, a subsidiary or an asset group was eligible for discontinued operations presentation. The revised guidance only allows disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment or other major parts of an entity) and that have a major effect on a reporting entity's operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The updated guidance was effective for the quarter ending March 31, 2015. The adoption of this guidance did not have a material effect on the Company's results of operations, financial position or liquidity. Revenue from Contracts with Customers In May 2014, the FASB issued updated guidance to clarify the principles for recognizing revenue. While insurance contracts are not within the scope of this updated guidance, the Company's fee income related to providing services will be subject to this updated guidance. The updated guidance requires an entity to recognize revenue as performance obligations are met, in order to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration the entity is entitled to receive for those goods or services. The following steps are applied in the updated guidance: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when, or as, the entity satisfies a performance obligation. In July 2015, the FASB deferred the effective date of the updated guidance on revenue recognition Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In June 2014, the FASB issued updated guidance to resolve diversity in practice concerning employee share-based payments that contain performance targets that could be achieved after the requisite service period. Many reporting entities account for performance targets that could be achieved after the requisite service period as performance conditions that affect the vesting of the award and, therefore, do not reflect the performance targets in the estimate of the grant-date fair value of the award. Other reporting entities treat those performance targets as nonvesting conditions that affect the grant-date fair value of the award. The updated guidance requires that a performance target that affects vesting and that can be achieved after the requisite service period be treated as a performance condition. As such, the performance target that affects vesting should not be reflected in estimating that fair value of the award at the grant date. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which service has been rendered. If the performance target becomes probable of being achieved before the end of the service period, the remaining unrecognized compensation cost for which requisite service has not yet been rendered is recognized prospectively over the remaining service period. The total amount of compensation cost recognized during and after the service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The updated guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, the FASB issued guidance to address the diversity in practice in determining when there is substantial doubt about an entity's ability to continue as a going concern and when an entity must disclose certain relevant conditions and events. The new guidance requires an entity to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). The new guidance allows the entity to consider the mitigating effects of management's plans that will alleviate the substantial doubt and requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans. If conditions or events raise substantial doubt that is not alleviated, an entity should disclose that there is substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued), along with the principal conditions or events that raise substantial doubt, management's evaluation of the significance of those conditions or events in relation to the entity's ability to meet its obligations and management's plans that are intended to mitigate those conditions. The guidance is effective for annual periods ending after December 15, 2016, and interim and annual periods thereafter. Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity In November 2014, the FASB issued updated guidance to clarify when the separation of certain embedded derivative features in a hybrid financial instrument that is issued in the form of a share is required. That is, an entity will continue to evaluate whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to those of the host contract. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. Furthermore, the amendments clarify that no single term or feature would necessarily determine the economic characteristics and risks of the host contract. Rather, the nature of the host contract depends upon the economic characteristics and risks of the entire hybrid financial instrument. The updated guidance is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Receivables – Troubled Debt Restructurings by Creditors In January 2015, the FASB issued updated guidance for troubled debt restructurings clarifying when an in substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2015. This guidance can be elected for prospective adoption or by using a retrospective transition method. The adoption of this guidance is not expected to have a material effect on the Company's results of operations, financial position or liquidity. Amendments to the Consolidation Analysis In February 2015, the FASB issued updated guidance that makes targeted amendments to the current consolidation accounting guidance. The update is in response to accounting complexity concerns, particularly from the asset management industry. The guidance simplifies consolidation accounting by reducing the number of approaches to consolidation, provides a scope exception to registered money market funds and similar unregistered money market funds and ends the indefinite deferral granted to investment companies from applying the variable interest entity guidance. The updated guidance is effective for annual and interim periods beginning after December 15, 2015. The adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued updated guidance to clarify the required presentation of debt issuance costs. The amended guidance requires that debt issuance costs be presented in the balance sheet as a direct reduction from the carrying amount of the recognized debt liability, consistent with the treatment of debt discounts. Amortization of debt issuance costs is to be reported as interest expense. The recognition and measurement guidance for debt issuance costs are not affected by the updated guidance. The updated guidance is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity. Simplifying the Accounting for Measurement-Period Adjustments In September 2015, the FASB issued updated guidance regarding business combinations that requires an acquirer to recognize post-close measurement adjustments for provisional amounts in the period the adjustment amounts are determined rather than retrospectively. The acquirer is also required to recognize, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the provisional amount, calculated as if the accounting had been completed at the acquisition date. The updated guidance is to be applied prospectively effective for annual and interim periods beginning after December 15, 2015. In connection with business combinations which have already been completed, the adoption of this guidance is not expected to have a material effect on the Company’s results of operations, financial position or liquidity.

Supplemental Disclosures to C20

Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited) (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, 2015 Cash used in reinsurance assumption $ - Cash provided in reinsurance assumption 64,935 Increase in cash from reinsurance assumption 64,935 Fair value of assets acquired in reinsurance assumption (excluding cash) Available-for-sale fixed maturity securities 3,534,093 Policy loans 5,869 Accrued investment income 37,792 Due premiums 2,150 Total fair value of assets acquired (excluding cash) 3,579,904 Fair value of liabilities assumed in reinsurance assumption Policyholders' account balances 2,966,827 Future policy benefits 89,089 Total fair value of liabilities assumed 3,055,916 Fair value of net assets acquired in reinsurance assumption (excluding cash) 523,988 Fair value of net assets acquired in reinsurance assumption (including cash) $ 588,923

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Note 2 - Investments (Tables) [Line Items]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair September 30, 2015 (Unaudited) Cost Gains Losses Value Fixed maturity securities U.S. government and U.S. government agencies $ 2,934,923 $ 150,306 $ 65,796 $ 3,019,433 States and political subdivisions 8,309,947 78,676 62,130 8,326,493 Residential mortgage-backed securities 60,967 39,480 - 100,447 Corporate bonds 102,360,369 2,640,590 2,324,260 102,676,699 Foreign bonds 15,598,550 258,667 821,529 15,035,688 Total fixed maturity securities 129,264,756 3,167,719 3,273,715 129,158,760 Gross Gross Unrealized Unrealized Fair Cost Gains Losses Value Equity securities Mutual funds 83,215 - 13,848 69,367 Corporate preferred stock 259,992 3,702 1,040 262,654 Corporate common stock 191,705 95,943 5,380 282,268 Total equity securities 534,912 99,645 20,268 614,289 Total fixed maturity and equity securities $ 129,799,668 $ 3,267,364 $ 3,293,983 $ 129,773,049 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2014 Cost Gains Losses Value Fixed maturity securities U.S. government and U.S. government agencies $ 2,650,994 $ 168,071 $ 69,052 $ 2,750,013 States and political subdivisions 1,184,034 20,982 863 1,204,153 Residential mortgage-backed securities 68,242 62,193 - 130,435 Corporate bonds 92,367,191 3,711,276 885,169 95,193,298 Foreign bonds 11,141,861 426,197 194,528 11,373,530 Total fixed maturity securities 107,412,322 4,388,719 1,149,612 110,651,429 Gross Gross Unrealized Unrealized Fair Cost Gains Losses Value Equity securities Mutual funds 80,879 2,586 - 83,465 Corporate preferred stock 254,502 3,273 1,700 256,075 Corporate common stock 184,214 147,603 - 331,817 Total equity securities 519,595 153,462 1,700 671,357 Total fixed maturity and equity securities $ 107,931,917 $ 4,542,181 $ 1,151,312 $ 111,322,786
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of September 30, 2015 (Unaudited) Fair Value Loss Securities Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 298,777 $ 1,223 1 States and political subdivisions 2,858,266 62,130 14 Corporate bonds 32,164,337 1,734,929 129 Foreign bonds 6,174,712 576,466 29 Total less than 12 months 41,496,092 2,374,748 173 More than 12 months U.S. government and U.S. government agencies 1,065,427 64,573 2 Corporate bonds 2,919,944 589,331 15 Foreign bonds 431,616 245,063 2 Total more than 12 months 4,416,987 898,967 19 Total fixed maturity securities 45,913,079 3,273,715 192 Equity securities Less than 12 months Mutual funds 69,367 13,848 1 Corporate preferred stock 48,960 1,040 1 Corporate common stock 44,404 5,380 1 Total equity securities 162,731 20,268 3 Total fixed maturity and equity securities $ 46,075,810 $ 3,293,983 195 Unrealized Number of December 31, 2014 Fair Value Loss Securities Fixed maturity securities Less than 12 months Corporate bonds $ 12,258,681 $ 477,590 47 Foreign bonds 3,446,676 194,528 16 Total less than 12 months 15,705,357 672,118 63 More than 12 months U.S. government and U.S. government agencies 1,360,948 69,052 3 States and political subdivisions 105,569 863 1 Corporate bonds 2,761,555 407,579 14 Total more than 12 months 4,228,072 477,494 18 Total fixed maturity securities 19,933,429 1,149,612 81 Equity securities Greater than 12 months Corporate preferred stock 48,300 1,700 1 Total equity securities 48,300 1,700 1 Total fixed maturity and equity securities $ 19,981,729 $ 1,151,312 82
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) September 30, 2015 December 31, 2014 Unrealized appreciation (depreciation) on available-for-sale securities $ (26,619 ) $ 3,390,869 Adjustment to deferred acquisition costs (1,771 ) (36,440 ) Deferred income taxes 5,679 (670,886 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (22,711 ) $ 2,683,543
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2015 2014 2015 2014 2015 2014 2015 2014 Proceeds $ 4,983,682 $ 1,982,472 $ - $ - $ 3,328,222 $ 2,273,252 $ - $ - Gross realized gains 225,058 8,755 - - 79,028 8,897 - - Gross realized losses (23,323 ) (1,124 ) - - - - - - Loss on other-than- Other-than-temporary impairment (1,078 ) - - - - - - - Nine Months Ended September 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2015 2014 2015 2014 2015 2014 2015 2014 Proceeds $ 7,571,843 $ 10,558,530 $ 533,813 $ 105,080 $ 7,452,257 $ 5,284,042 $ 7,083,246 $ - Gross realized gains 313,690 554,818 996 21,400 109,837 204,182 390,202 - Gross realized losses (24,977 ) (2,156 ) (2,896 ) - - - - - Loss on other-than- Other-than-temporary impairment (305,334 ) - - - - - - -
Available-for-sale Securities [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Change in unrealized investment gains: Available-for-sale securities: Fixed maturity securities $ (1,689,567 ) $ (1,230,128 ) $ (3,345,103 ) $ 1,843,802 Equity securities (35,256 ) (29,273 ) (72,385 ) (26,486 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 200,657 7,631 (16,621 ) 552,662 Equity securities - - (1,900 ) 21,400 Mortgage loans on real estate 79,028 8,897 109,837 204,182 Investment real estate - - 390,202 -
Investment Income [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Fixed maturity securities $ 1,400,291 $ 1,160,725 $ 3,819,806 $ 3,408,788 Equity securities 8,797 10,917 29,051 32,321 Other long-term investments 501,221 400,985 1,340,050 1,234,775 Mortgage loans 1,172,040 681,204 3,108,912 1,716,909 Policy loans 25,248 25,902 75,554 76,280 Real estate 97,657 204,984 357,067 582,978 Short-term and other investments 46,018 40,839 159,644 112,917 Gross investment income 3,251,272 2,525,556 8,890,084 7,164,968 Investment expenses (334,955 ) (297,784 ) (1,061,445 ) (704,785 ) Net investment income $ 2,916,317 $ 2,227,772 $ 7,828,639 $ 6,460,183
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) September 30, 2015 December 31, 2014 Amount Percentage Amount Percentage Commercial mortgage loans Retail stores $ 1,293,112 2.35 % $ 1,635,412 4.23 % Office buildings 315,002 0.57 % 327,181 0.85 % Total commercial mortgage loans 1,608,114 2.92 % 1,962,593 5.08 % Residential mortgage loans 53,476,837 97.08 % 36,687,140 94.92 % Total mortgage loans $ 55,084,951 100.00 % $ 38,649,733 100.00 %
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) September 30, 2015 December 31, 2014 Land - held for the production of income $ 213,160 $ 213,160 Land - held for sale 750,047 2,034,478 Total land 963,207 2,247,638 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (867,835 ) (758,718 ) Buildings net of accumulated depreciation 1,399,722 1,508,839 Building - held for sale - 5,408,613 Total buildings 1,399,722 6,917,452 Investment real estate, net of accumulated depreciation $ 2,362,929 $ 9,165,090
Available-for-sale Fixed Maturity Securities [Member]
Note 2 - Investments (Tables) [Line Items]
Investments Classified by Contractual Maturity Date [Table Text Block]	September 30, 2015 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 5,834,282 $ 5,907,253 $ 3,916,275 $ 3,963,069 Due after one year through five years 33,349,555 34,646,738 11,698,420 12,608,769 Due after five years through ten years 51,570,973 50,673,120 8,694,860 10,383,676 Due after ten years 38,448,979 37,831,202 7,485,121 11,165,525 Due at multiple maturity dates 60,967 100,447 - - $ 129,264,756 $ 129,158,760 $ 31,794,676 $ 38,121,039

Note 3 - Fair Value Measureme22

Note 3 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	September 30, 2015 (Unaudited) Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,019,433 $ - $ 3,019,433 States and political subdivisions - 8,326,493 - 8,326,493 Residential mortgage-backed securities - 100,447 - 100,447 Corporate bonds - 102,676,699 - 102,676,699 Foreign bonds - 15,035,688 - 15,035,688 Total fixed maturity securities $ - $ 129,158,760 $ - $ 129,158,760 Equity securities, available-for-sale Mutual funds $ - $ 69,367 $ - $ 69,367 Corporate preferred stock 209,770 52,884 - 262,654 Corporate common stock 235,768 - 46,500 282,268 Total equity securities $ 445,538 $ 122,251 $ 46,500 $ 614,289 December 31, 2014 Level 1 Level 2 Level 3 Total Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,750,013 $ - $ 2,750,013 States and political subdivisions - 1,204,153 - 1,204,153 Residential mortgage-backed securities - 130,435 - 130,435 Corporate bonds - 95,193,298 - 95,193,298 Foreign bonds - 11,373,530 - 11,373,530 Total fixed maturity securities $ - $ 110,651,429 $ - $ 110,651,429 Equity securities, available-for-sale Mutual funds $ 3,592 $ 79,873 $ - $ 83,465 Corporate preferred stock 203,999 52,076 - 256,075 Corporate common stock 285,317 - 46,500 331,817 Total equity securities $ 492,908 $ 131,949 $ 46,500 $ 671,357
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2015 (Unaudited) Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Mortgage loans on real estate Commercial $ 1,608,114 $ 1,633,185 $ - $ - $ 1,633,185 Residential 53,476,837 55,009,183 - - 55,009,183 Policy loans 1,474,528 1,474,528 - - 1,474,528 Short-term investments 599,544 599,544 599,544 - - Other long-term investments 31,794,676 38,121,039 - - 38,121,039 Cash and cash equivalents 11,978,769 11,978,769 11,978,769 - - Accrued investment income 2,081,804 2,081,804 - - 2,081,804 Loans from premium financing 123,825 123,825 - - 123,825 Total financial assets $ 103,138,097 $ 111,021,877 $ 12,578,313 $ - $ 98,443,564 Financial liabilities Policyholders' account balances $ 185,748,171 $ 167,835,552 $ - $ - $ 167,835,552 Policy claims 655,416 655,416 - - 655,416 Total financial liabilities $ 186,403,587 $ 168,490,968 $ - $ - $ 168,490,968 December 31, 2014 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial assets Mortgage loans on real estate Commercial $ 1,962,593 $ 2,000,041 $ - $ - $ 2,000,041 Residential 36,687,140 38,613,679 - - 38,613,679 Policy loans 1,520,620 1,520,620 - - 1,520,620 Short-term investments 1,141,199 1,141,199 1,141,199 - - Other long-term investments 21,781,925 25,912,178 - - 25,912,178 Cash and cash equivalents 10,158,386 10,158,386 10,158,386 - - Accrued investment income 1,682,906 1,682,906 - - 1,682,906 Loans from premium financing 123,886 123,886 - - 123,886 Total financial assets $ 75,058,655 $ 81,152,895 $ 11,299,585 $ - $ 69,853,310 Financial liabilities Policyholders' account balances $ 140,554,973 $ 126,144,182 $ - $ - $ 126,144,182 Notes payable 4,076,473 4,076,473 - - 4,076,473 Policy claims 602,269 602,269 - - 602,269 Total financial liabilities $ 145,233,715 $ 130,822,924 $ - $ - $ 130,822,924

Note 4 - Notes Payable (Tables)

Note 4 - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2014 Promissory note payable to Grand Bank, secured by real estate and tenant leases located in Indiana, Oklahoma and Texas, 35 monthly payments of interest at 4.50% with a final payment in the 36th month of $3,009,265 of principal plus unpaid accrued interest at 4.50%, maturity date is March 26, 2017 $ 3,009,265 Promissory note payable to Grand Bank, secured by real estate and tenant leases located in Missouri, 35 monthly payments of interest at 4.50% with a final payment on the 36th month of $1,067,208 of principal plus unpaid accrued interest at 4.50%, maturity date is March 26, 2017 1,067,208 Total promissory notes payable $ 4,076,473

Note 5 - Segment Data (Tables)

Note 5 - Segment Data (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) 2015 2014 2015 2014 Revenues: Life insurance operations $ 3,009,009 $ 2,451,719 $ 8,700,985 $ 7,467,032 Annuity operations 2,688,858 1,739,192 7,094,580 5,491,626 Corporate operations 73,953 136,396 302,012 324,889 Total $ 5,771,820 $ 4,327,307 $ 16,097,577 $ 13,283,547 Income (loss) before income taxes: Life insurance operations $ 752,366 $ 323,544 $ 754,556 $ 202,269 Annuity operations 183,304 (231,415 ) 652,395 495,240 Corporate operations (70,033 ) 142,077 134,988 253,462 Total $ 865,637 $ 234,206 $ 1,541,939 $ 950,971 Depreciation and amortization expense: Life insurance operations $ 351,004 $ 125,190 $ 1,168,749 $ 784,650 Annuity operations 224,704 382,776 570,215 659,656 Corporate operations 12,486 5,080 37,775 10,650 Total $ 588,194 $ 513,046 $ 1,776,739 $ 1,454,956
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) September 30, 2015 December 31, 2014 Assets: Life insurance operations $ 44,743,380 $ 44,448,441 Annuity operations 211,112,838 167,947,889 Corporate operations 6,692,885 6,604,838 Total $ 262,549,103 $ 219,001,168

Note 8 - Other Comprehensive 25

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, 2015 and 2014 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of July 1, 2015 $ 1,358,562 $ (14,744 ) $ 1,343,818 Other comprehensive loss before reclassifications, net of tax (1,219,333 ) 13,329 (1,206,004 ) Less amounts reclassified from accumulated other comprehensive income (loss), net of tax 160,525 - 160,525 Other comprehensive loss (1,379,858 ) 13,329 (1,366,529 ) Balance as of September 30, 2015 $ (21,296 ) $ (1,415 ) $ (22,711 ) Balance as of July 1, 2014 $ 4,349,872 $ (29,993 ) $ 4,319,879 Other comprehensive loss before reclassifications, net of tax (1,001,414 ) (6,172 ) (1,007,586 ) Less amounts reclassified from accumulated other comprehensive income, net of tax 6,105 - 6,105 Other comprehensive loss (1,007,519 ) (6,172 ) (1,013,691 ) Balance as of September 30, 2014 $ 3,342,353 $ (36,165 ) $ 3,306,188 Nine Months Ended September 30, 2015 and 2014 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2015 $ 2,712,694 $ (29,151 ) $ 2,683,543 Other comprehensive loss before reclassifications, net of tax (2,748,807 ) 27,736 (2,721,071 ) Less amounts reclassified from accumulated other comprehensive income (loss) , net of tax (14,817 ) - (14,817 ) Other comprehensive loss (2,733,990 ) 27,736 (2,706,254 ) Balance as of September 30, 2015 $ (21,296 ) $ (1,415 ) $ (22,711 ) Balance as of January 1, 2014 $ 1,888,498 $ (10,341 ) $ 1,878,157 Other comprehensive income before reclassifications, net of tax 1,913,105 (25,824 ) 1,887,281 Less amounts reclassified from accumulated other comprehensive income, net of tax 459,250 - 459,250 Other comprehensive income 1,453,855 (25,824 ) 1,428,031 Balance as of September 30, 2014 $ 3,342,353 $ (36,165 ) $ 3,306,188
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, 2015 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains (losses) on available-for-sale securities: Unrealized holding losses arising during the period $ (1,524,166 ) $ (304,833 ) $ (1,219,333 ) Reclassification adjustment for net gains included in operations 200,657 40,132 160,525 Net unrealized losses on investments (1,724,823 ) (344,965 ) (1,379,858 ) Adjustment to deferred acquisition costs 16,661 3,332 13,329 Total other comprehensive loss $ (1,708,162 ) $ (341,633 ) $ (1,366,529 ) Three Months Ended September 30, 2014 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains on available-for-sale securities: Unrealized holding losses arising during the period $ (1,251,770 ) $ (250,356 ) $ (1,001,414 ) Reclassification adjustment for net gains included in operations 7,631 1,526 6,105 Net unrealized losses on investments (1,259,401 ) (251,882 ) (1,007,519 ) Adjustment to deferred acquisition costs (7,714 ) (1,542 ) (6,172 ) Total other comprehensive loss $ (1,267,115 ) $ (253,424 ) $ (1,013,691 ) Nine Months Ended September 30, 2015 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized gains (losses) on available-for-sale securities: Unrealized holding losses arising during the period $ (3,436,009 ) $ (687,202 ) $ (2,748,807 ) Reclassification adjustment for net losses included in operations (18,521 ) (3,704 ) (14,817 ) Net unrealized losses on investments (3,417,488 ) (683,498 ) (2,733,990 ) Adjustment to deferred acquisition costs 34,669 6,933 27,736 Total other comprehensive loss $ (3,382,819 ) $ (676,565 ) $ (2,706,254 ) Nine Months Ended September 30, 2014 (Unaudited) Income Tax Expense Pretax (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,391,378 $ 478,273 $ 1,913,105 Reclassification adjustment for net gains included in operations 574,062 114,812 459,250 Net unrealized gains on investments 1,817,316 363,461 1,453,855 Adjustment to deferred acquisition costs (32,279 ) (6,455 ) (25,824 ) Total other comprehensive income $ 1,785,037 $ 357,006 $ 1,428,031
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, (Unaudited) Nine Months Ended September 30, (Unaudited) Reclassification Adjustments 2015 2014 2015 2014 Unrealized gains on available-for-sale securities: Realized gains (losses) on sales of securities (a) $ 200,657 $ 7,631 $ (18,521 ) $ 574,062 Income tax expense (benefit) (b) 40,132 1,526 (3,704 ) 114,812 Total reclassification adjustments $ 160,525 $ 6,105 $ (14,817 ) $ 459,250

Note 9 - Allowance for Loan L26

Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Tables)	9 Months Ended
	Sep. 30, 2015
Premiums Receivable Disclosure [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	(Unaudited) As of and for the Three Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2015 2014 2015 2014 2015 2014 2015 2014 Allowance, beginning $ 156,254 $ 94,364 $ 8,204 $ 10,235 $ 197,171 $ 197,358 $ 361,629 $ 301,957 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 10,716 23,079 (123 ) (190 ) - - 10,593 22,889 Allowance, ending $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 197,171 $ 197,358 $ 372,222 $ 324,846 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ 192,689 $ 192,876 $ 192,689 $ 192,876 Collectively evaluated for impairment $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 4,482 $ 4,482 $ 179,533 $ 131,970 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ 316,514 $ 316,761 $ 316,514 $ 316,761 Collectively evaluated for impairment $ 33,536,288 $ 23,966,858 $ 1,608,114 $ 1,998,978 $ 4,482 $ 4,482 $ 35,148,884 $ 25,970,318 (Unaudited) As of and for the Nine Months Ended September 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2015 2014 2015 2014 2015 2014 2015 2014 Allowance, beginning $ 116,604 $ 50,210 $ 9,862 $ 7,985 $ 197,358 $ 206,858 $ 323,824 $ 265,053 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 50,366 67,233 (1,781 ) 2,060 (187 ) (9,500 ) 48,398 59,793 Allowance, ending $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 197,171 $ 197,358 $ 372,222 $ 324,846 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ 192,689 $ 192,876 $ 192,689 $ 192,876 Collectively evaluated for impairment $ 166,970 $ 117,443 $ 8,081 $ 10,045 $ 4,482 $ 4,482 $ 179,533 $ 131,970 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ 316,514 $ 316,761 $ 316,514 $ 316,761 Collectively evaluated for impairment $ 33,536,288 $ 23,966,858 $ 1,608,114 $ 1,998,978 $ 4,482 $ 4,482 $ 35,148,884 $ 25,970,318
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Over 70% to 80% $ 13,964,429 $ 9,049,051 $ - $ - $ 13,964,429 $ 9,049,051 Over 60% to 70% 21,136,263 11,129,632 914,482 938,703 22,050,745 12,068,335 Over 50% to 60% 8,145,377 6,176,648 193,570 201,352 8,338,947 6,378,000 Over 40% to 50% 7,575,234 7,734,658 376,202 409,338 7,951,436 8,143,996 Over 30% to 40% 1,771,362 1,635,865 123,860 405,152 1,895,222 2,041,017 Over 20% to 30% 182,057 448,381 - - 182,057 448,381 Over 10% to 20% 595,960 87,634 - - 595,960 87,634 10% or less 106,155 425,271 - 8,048 106,155 433,319 Total $ 53,476,837 $ 36,687,140 $ 1,608,114 $ 1,962,593 $ 55,084,951 $ 38,649,733

Supplemental Disclosures to C27

Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited) (Details) - USD ($)	Apr. 28, 2015	Sep. 30, 2015	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Asset Acquired Under Assumption Reinsurance Agreement	$ 3,644,839
Liabilities Assumed Under Reinsurance Assumption Agreement	3,055,916		$ 3,055,916
	$ 588,923	$ 38,923	$ 588,923

Supplemental Disclosures to C28

Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited) (Details) - Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited) - USD ($)	Apr. 28, 2015	Sep. 30, 2015
Supplemental Disclosures to Consolidated Statements of Cash Flows (Unaudited) [Abstract]
Cash used in reinsurance assumption		$ 0
Cash provided in reinsurance assumption		64,935
Increase in cash from reinsurance assumption		64,935
Fair value of assets acquired in reinsurance assumption (excluding cash)
Available-for-sale fixed maturity securities		3,534,093
Policy loans		5,869
Accrued investment income		37,792
Due premiums		2,150
Total fair value of assets acquired (excluding cash)		3,579,904
Fair value of liabilities assumed in reinsurance assumption
Policyholders' account balances		2,966,827
Future policy benefits		89,089
Total fair value of liabilities assumed	$ 3,055,916	3,055,916
Fair value of net assets acquired in reinsurance assumption (excluding cash)		523,988
Fair value of net assets acquired in reinsurance assumption (including cash)		$ 588,923

Note 1 - Organization and Sig29

Note 1 - Organization and Significant Accounting Policies (Details)

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 23, 2008USD ($)

Sep. 30, 2015USD ($)$ / shares

Sep. 30, 2015USD ($)$ / shares

Sep. 30, 2014USD ($)

Dec. 31, 2004USD ($)

Dec. 31, 2012USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Sep. 30, 2015USD ($)$ / sharesshares

Dec. 31, 2014USD ($)$ / shares

Dec. 31, 2011USD ($)

Aug. 31, 2009

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Proceeds from Issuance of Private Placement

$ 1,450,000

Number of Private Placements

2

1

Proceeds from Issuance Initial Public Offering

$ 25,669,480

Number of Public Offerings

2

Common Stock Dividends, Shares (in Shares) | shares

702,685

Number of Stock Dividends

$ 2

Retained Earnings (Accumulated Deficit)

$ 3,998,352

$ 3,998,352

$ 3,998,352

$ 2,616,849

Treasury Stock, Shares, Acquired (in Shares) | shares

247,580

Treasury Stock, Value, Acquired, Cost Method

38,643

$ 80,000

$ 893,947

Business Combination, Consideration Transferred

$ 13,855,129

Number of Subsidiaries Merged

2

Asset Acquired Under Assumption Reinsurance Agreement

$ 3,644,839

Liabilities Assumed Under Reinsurance Assumption Agreement

3,055,916

3,055,916

$ 588,923

$ 38,923

$ 588,923

Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares

$ 0.01

$ 0.01

$ 0.01

$ 0.01

Dividend Paid [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Retained Earnings (Accumulated Deficit)

(2,841,810)

$ (2,428,328)

Term Products, 10 Year [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Term Products, Number of Years

10 years

Term Products, 15 Year [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Term Products, Number of Years

15 years

Term Products, 20 Year [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Term Products, Number of Years

20 years

Term Products, 30 Year [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Term Products, Number of Years

30 years

Trinity Life Insurance Company [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Wholly Owned Subsidiary, Ownership Percentage

100.00%

100.00%

100.00%

First Trinity Capital Corporation [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Wholly Owned Subsidiary, Ownership Percentage

100.00%

100.00%

100.00%

Retained Earnings [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Dividends

5,270,138

Common Stock Including Additional Paid in Capital [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Stock Issued During Period, Value, Stock Dividend

$ 5,270,138

Common Stock Including Additional Paid in Capital [Member] | Dividend Paid [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Retained Earnings (Accumulated Deficit)

$ 5,270,138

$ 5,270,138

$ 5,270,138

Trinity Life Insurance Company [Member] | Family Benefit Life Insurance Company [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Trinity Life Insurance Company [Member] | Family Benefit Life Insurance Company [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Wholly Owned Subsidiary, Ownership Percentage

100.00%

100.00%

100.00%

First Life America Corporation [Member] | First Trinity Financial Corporation [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Stock Issued During Period, Shares, New Issues (in Shares) | shares

7,347,488

Payments of Stock Issuance Costs

$ 3,624,518

First Trinity Financial Corporation [Member] | First Life America Corporation [Member]

Note 1 - Organization and Significant Accounting Policies (Details) [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred

$ 2,695,000

Business Combination, Acquisition Related Costs

$ 195,000

Debt Instrument, Term

15 years

Debt Instrument, Face Amount

$ 250,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Note 2 - Investments (Details)

Note 2 - Investments (Details)	Mar. 11, 2015USD ($)	Mar. 11, 2015USD ($)	Sep. 30, 2015USD ($)aft²	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Sep. 30, 2015USD ($)aft²	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Feb. 28, 2014aft²	Dec. 31, 2013aft²
Note 2 - Investments (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions			195			195		82
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss			$ 3,293,983			$ 3,293,983		$ 1,151,312
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value			46,075,810			46,075,810		19,981,729
Investment Impaired Par Value				$ 600,000
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net			1,078			305,334
Other than Temporary Impairment Losses, Investments							$ 0	0
Escrow Deposit			3,980,317			3,980,317		3,954,696
Escrow Deposit Fair Value			4,070,232			4,070,232		4,057,740
Real Estate Investments, Net			2,362,929			2,362,929		9,165,090
Proceeds from Sale of Real Estate Held-for-investment						7,083,246	36,000
Repayments of Notes Payable						4,076,473
Amortization of Financing Costs						51,362	$ 58,477
Lottery Prize Cash Flows [Member]
Note 2 - Investments (Details) [Line Items]
Other Investments			$ 31,794,676			$ 31,794,676		$ 21,781,925
Debt Securities [Member]
Note 2 - Investments (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions			192			192		81
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss			$ 3,273,715			$ 3,273,715		$ 1,149,612
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value			45,913,079			45,913,079		19,933,429
Available-for-sale Securities, Continuous Unrealized Loss Position, Amortized Cost			$ 49,186,794			$ 49,186,794		$ 21,083,041
Fair Value to Cost Ratio			93.00%			93.00%		95.00%
Fixed Maturity Securities, Investment Grade Percentage			94.00%			94.00%		95.00%
Equity Securities [Member]
Note 2 - Investments (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions			3			3		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss			$ 20,268			$ 20,268		$ 1,700
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value			162,731			162,731		48,300
Available-for-sale Securities, Continuous Unrealized Loss Position, Amortized Cost			$ 182,999			$ 182,999		$ 50,000
Fair Value to Cost Ratio			89.00%			89.00%		97.00%
Trinity Life Insurance Company [Member] | Topeka, Kansas [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a			6.5			6.5
Trinity Life Insurance Company [Member] | Topeka, Kansas [Member] | Held for the Production of Income [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a			0.5			0.5
Trinity Life Insurance Company [Member] | Topeka, Kansas [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a			5			5
Trinity Life Insurance Company [Member] | Topeka, Kansas [Member] | Office Building [Member] | Held for the Production of Income [Member]
Note 2 - Investments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²			20,000			20,000
Trinity Life Insurance Company [Member] | Jefferson City, Missouri [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a			0.5			0.5
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a										1
Area of Real Estate Property (in Square Feet) | ft²										3,975
Area of Real Estate Property, Percent										8.00%
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Retail Site [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²										3,975
Area of Real Estate Property, Percent										8.00%
Trinity Life Insurance Company [Member] | Norman, Oklahoma [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a										1
Area of Real Estate Property (in Square Feet) | ft²										9,100
Area of Real Estate Property, Percent										18.00%
Trinity Life Insurance Company [Member] | Norman, Oklahoma [Member] | Retail Site [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²										9,100
Area of Real Estate Property, Percent										18.00%
Trinity Life Insurance Company [Member] | Houston, Texas [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a									1
Area of Real Estate Property (in Square Feet) | ft²									9,195
Area of Real Estate Property, Percent									25.00%
Trinity Life Insurance Company [Member] | Houston, Texas [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Land (in Acres) | a									1
Area of Real Estate Property (in Square Feet) | ft²									9,195
Area of Real Estate Property, Percent									25.00%
Trinity Life Insurance Company [Member] | Harrisonville, Missouri [Member]
Note 2 - Investments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²									6,895
Area of Real Estate Property, Percent									20.00%
Trinity Life Insurance Company [Member] | Harrisonville, Missouri [Member] | Assets Held-for-sale, Not Part of a Disposal Group [Member]
Note 2 - Investments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²									6,895
Area of Real Estate Property, Percent									20.00%
Grand Bank [Member]
Note 2 - Investments (Details) [Line Items]
Repayments of Notes Payable	$ 4,076,473
Loan Processing Fee	72,744
Interest Expense, Debt		$ 35,181			$ 35,181
Amortization of Financing Costs		7,423			$ 7,423
Promissory Note Payable to Grand Bank Secured by Properties in Indiana Oklahoma Texas and Missouri [Member]
Note 2 - Investments (Details) [Line Items]
Real Estate Investments, Net	6,693,044	$ 6,693,044						$ 6,693,044
Gains (Losses) on Sales of Investment Real Estate	390,202
Proceeds from Sale of Real Estate Held-for-investment	7,083,246
Real Estate Investments, Closing Costs and Expenses	20,119
Repayments of Notes Payable	$ 4,076,473
Interest Expense, Debt								137,581
Amortization of Financing Costs								$ 26,722

Note 2 - Investments (Details)

Note 2 - Investments (Details) - Available-for-sale Fixed Maturity and Equity Securities - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Fixed maturity securities
Securities, amortized cost	$ 129,799,668	$ 107,931,917
Securities, gross unrealized gains	3,267,364	4,542,181
Securities, gross unrealized losses	3,293,983	1,151,312
Securities, fair value	129,773,049	111,322,786
US Treasury and Government [Member]
Fixed maturity securities
Securities, amortized cost	2,934,923	2,650,994
Securities, gross unrealized gains	150,306	168,071
Securities, gross unrealized losses	65,796	69,052
Securities, fair value	3,019,433	2,750,013
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity securities
Securities, amortized cost	8,309,947	1,184,034
Securities, gross unrealized gains	78,676	20,982
Securities, gross unrealized losses	62,130	863
Securities, fair value	8,326,493	1,204,153
Residential Mortgage Backed Securities [Member]
Fixed maturity securities
Securities, amortized cost	60,967	68,242
Securities, gross unrealized gains	39,480	62,193
Securities, fair value	100,447	130,435
Corporate Debt Securities [Member]
Fixed maturity securities
Securities, amortized cost	102,360,369	92,367,191
Securities, gross unrealized gains	2,640,590	3,711,276
Securities, gross unrealized losses	2,324,260	885,169
Securities, fair value	102,676,699	95,193,298
Foreign Government Debt Securities [Member]
Fixed maturity securities
Securities, amortized cost	15,598,550	11,141,861
Securities, gross unrealized gains	258,667	426,197
Securities, gross unrealized losses	821,529	194,528
Securities, fair value	15,035,688	11,373,530
Debt Securities [Member]
Fixed maturity securities
Securities, amortized cost	129,264,756	107,412,322
Securities, gross unrealized gains	3,167,719	4,388,719
Securities, gross unrealized losses	3,273,715	1,149,612
Securities, fair value	129,158,760	110,651,429
Mutual Funds [Member]
Fixed maturity securities
Securities, amortized cost	83,215	80,879
Securities, gross unrealized gains		2,586
Securities, gross unrealized losses	13,848
Securities, fair value	69,367	83,465
Preferred Stock [Member]
Fixed maturity securities
Securities, amortized cost	259,992	254,502
Securities, gross unrealized gains	3,702	3,273
Securities, gross unrealized losses	1,040	1,700
Securities, fair value	262,654	256,075
Common Stock [Member]
Fixed maturity securities
Securities, amortized cost	191,705	184,214
Securities, gross unrealized gains	95,943	147,603
Securities, gross unrealized losses	5,380
Securities, fair value	282,268	331,817
Equity Securities [Member]
Fixed maturity securities
Securities, amortized cost	534,912	519,595
Securities, gross unrealized gains	99,645	153,462
Securities, gross unrealized losses	20,268	1,700
Securities, fair value	$ 614,289	$ 671,357

Note 2 - Investments (Details32

Note 2 - Investments (Details) - Securities in an Unrealized Loss Position	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 41,496,092	$ 15,705,357
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,374,748	$ 672,118
Securities in an unrealized loss position, less than twelve months, number	173	63
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value	$ 4,416,987	$ 4,228,072
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 898,967	$ 477,494
Securities in an unrealized loss position, more than twelve months, number	19	18
Securities in an unrealized loss position, fair value	$ 46,075,810	$ 19,981,729
Securities in an unrealized loss position, unrealized loss	$ 3,293,983	$ 1,151,312
Securities in an unrealized loss position, number	195	82
US Government Agencies Debt Securities [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 298,777
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,223
Securities in an unrealized loss position, less than twelve months, number	1
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,065,427	$ 1,360,948
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 64,573	$ 69,052
Securities in an unrealized loss position, more than twelve months, number	2	3
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 2,858,266
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 62,130
Securities in an unrealized loss position, less than twelve months, number	14
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value		$ 105,569
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 863
Securities in an unrealized loss position, more than twelve months, number		1
Corporate Debt Securities [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 32,164,337	$ 12,258,681
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,734,929	$ 477,590
Securities in an unrealized loss position, less than twelve months, number	129	47
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value	$ 2,919,944	$ 2,761,555
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 589,331	$ 407,579
Securities in an unrealized loss position, more than twelve months, number	15	14
Foreign Government Debt Securities [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 6,174,712	$ 3,446,676
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 576,466	$ 194,528
Securities in an unrealized loss position, less than twelve months, number	29	16
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value	$ 431,616
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 245,063
Securities in an unrealized loss position, more than twelve months, number	2
Debt Securities [Member]
More than 12 months
Securities in an unrealized loss position, fair value	$ 45,913,079	$ 19,933,429
Securities in an unrealized loss position, unrealized loss	$ 3,273,715	$ 1,149,612
Securities in an unrealized loss position, number	192	81
Mutual Funds [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 69,367
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 13,848
Securities in an unrealized loss position, less than twelve months, number	1
Preferred Stock [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 48,960
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,040
Securities in an unrealized loss position, less than twelve months, number	1
More than 12 months
Securities in an unrealized loss position, more than twelve months, fair value		$ 48,300
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 1,700
Securities in an unrealized loss position, more than twelve months, number		1
Common Stock [Member]
Less than 12 months
Securities in an unrealized loss position, less than twelve months, fair value	$ 44,404
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 5,380
Securities in an unrealized loss position, less than twelve months, number	1
Equity Securities [Member]
More than 12 months
Securities in an unrealized loss position, fair value	$ 162,731	$ 48,300
Securities in an unrealized loss position, unrealized loss	$ 20,268	$ 1,700
Securities in an unrealized loss position, number	3	1

Note 2 - Investments (Details33

Note 2 - Investments (Details) - Net Unrealized Gains Included in Accumulated Other Comprehensive Income - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Net Unrealized Gains Included in Accumulated Other Comprehensive Income [Abstract]
Unrealized appreciation (depreciation) on available-for-sale securities	$ (26,619)	$ 3,390,869
Adjustment to deferred acquisition costs	(1,771)	(36,440)
Deferred income taxes	5,679	(670,886)
Net unrealized appreciation (depreciation) on available-for-sale securities	$ (22,711)	$ 2,683,543

Note 2 - Investments (Details34

Note 2 - Investments (Details) - Fixed Maturity Available-for-sale Securities by Contractual Maturities - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Note 2 - Investments (Details) - Fixed Maturity Available-for-sale Securities by Contractual Maturities [Line Items]
	$ 129,264,756	$ 107,412,322
	129,158,760	$ 110,651,429
Fixed Maturities [Member]
Note 2 - Investments (Details) - Fixed Maturity Available-for-sale Securities by Contractual Maturities [Line Items]
Due in one year or less	5,834,282
Due in one year or less	5,907,253
Due after one year through five years	33,349,555
Due after one year through five years	34,646,738
Due after five years through ten years	51,570,973
Due after five years through ten years	50,673,120
Due after ten years	38,448,979
Due after ten years	37,831,202
Due at multiple maturity dates	60,967
Due at multiple maturity dates	100,447
	129,264,756
	129,158,760
Other Long-term Investments [Member]
Note 2 - Investments (Details) - Fixed Maturity Available-for-sale Securities by Contractual Maturities [Line Items]
Due in one year or less	3,916,275
Due in one year or less	3,963,069
Due after one year through five years	11,698,420
Due after one year through five years	12,608,769
Due after five years through ten years	8,694,860
Due after five years through ten years	10,383,676
Due after ten years	7,485,121
Due after ten years	11,165,525
	31,794,676
	$ 38,121,039

Note 2 - Investments (Details35

Note 2 - Investments (Details) - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fixed Maturities [Member]
Note 2 - Investments (Details) - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) [Line Items]
Proceeds	$ 4,983,682	$ 1,982,472	$ 7,571,843	$ 10,558,530
Gross realized gains	225,058	8,755	313,690	554,818
Gross realized losses	(23,323)	(1,124)	(24,977)	(2,156)
Loss on other-than- temporary impairment	(1,078)		(305,334)
Equity Securities [Member]
Note 2 - Investments (Details) - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) [Line Items]
Proceeds			533,813	105,080
Gross realized gains			996	21,400
Gross realized losses			(2,896)
Mortgages [Member]
Note 2 - Investments (Details) - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) [Line Items]
Proceeds	3,328,222	2,273,252	7,452,257	5,284,042
Gross realized gains	$ 79,028	$ 8,897	109,837	$ 204,182
Real Estate Investment [Member]
Note 2 - Investments (Details) - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) [Line Items]
Proceeds			7,083,246
Gross realized gains			$ 390,202

Note 2 - Investments (Details36

Note 2 - Investments (Details) - Available-for-sale Securities - Accumulated Change in Net Unrealized Investment Gains (Losses) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fixed Maturities [Member]
Available-for-sale securities:
Available-for-sale securities - change in unrealized gains	$ (1,689,567)	$ (1,230,128)	$ (3,345,103)	$ 1,843,802
Available-for-sale securities:
Available-for-sale securities - realized gains	200,657	7,631	(16,621)	552,662
Equity Securities [Member]
Available-for-sale securities:
Available-for-sale securities - change in unrealized gains	(35,256)	(29,273)	(72,385)	(26,486)
Available-for-sale securities:
Available-for-sale securities - realized gains			(1,900)	21,400
Mortgages [Member]
Available-for-sale securities:
Available-for-sale securities - realized gains	$ 79,028	$ 8,897	109,837	$ 204,182
Real Estate Investment [Member]
Available-for-sale securities:
Available-for-sale securities - realized gains			$ 390,202

Note 2 - Investments (Details37

Note 2 - Investments (Details) - Major Categories of Net Investment Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Investment Income [Line Items]
Investment income	$ 3,251,272	$ 2,525,556	$ 8,890,084	$ 7,164,968
Investment expenses	(334,955)	(297,784)	(1,061,445)	(704,785)
Net investment income	2,916,317	2,227,772	7,828,639	6,460,183
Fixed Maturities [Member]
Net Investment Income [Line Items]
Investment income	1,400,291	1,160,725	3,819,806	3,408,788
Equity Securities [Member]
Net Investment Income [Line Items]
Investment income	8,797	10,917	29,051	32,321
Other Long-term Investments [Member]
Net Investment Income [Line Items]
Investment income	501,221	400,985	1,340,050	1,234,775
Mortgages [Member]
Net Investment Income [Line Items]
Investment income	1,172,040	681,204	3,108,912	1,716,909
Policy Loans [Member]
Net Investment Income [Line Items]
Investment income	25,248	25,902	75,554	76,280
Real Estate Investment [Member]
Net Investment Income [Line Items]
Investment income	97,657	204,984	357,067	582,978
Short-term Investments [Member]
Net Investment Income [Line Items]
Investment income	$ 46,018	$ 40,839	$ 159,644	$ 112,917

Note 2 - Investments (Details38

Note 2 - Investments (Details) - Mortgage Loans on Real Estate - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans on real estate	$ 55,084,951	$ 38,649,733
Mortgage loans, percentage	100.00%	100.00%
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans on real estate	$ 1,608,114	$ 1,962,593
Mortgage loans, percentage	2.92%	5.08%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans on real estate	$ 53,476,837	$ 36,687,140
Mortgage loans, percentage	97.08%	94.92%
Retail Site [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans on real estate	$ 1,293,112	$ 1,635,412
Mortgage loans, percentage	2.35%	4.23%
Office Building [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans on real estate	$ 315,002	$ 327,181
Mortgage loans, percentage	0.57%	0.85%

Note 2 - Investments (Details39

Note 2 - Investments (Details) - Investment Real Estate - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Investment real estate, net	$ 2,362,929	$ 9,165,090
Land - Held for the Production of Income [Member]
Real Estate Properties [Line Items]
Investment real estate	213,160	213,160
Land - Held for Sale [Member]
Real Estate Properties [Line Items]
Investment real estate	750,047	2,034,478
Land [Member]
Real Estate Properties [Line Items]
Investment real estate	963,207	2,247,638
Building - Held for the Production of Income [Member]
Real Estate Properties [Line Items]
Investment real estate	2,267,557	2,267,557
Less - accumulated depreciation	(867,835)	(758,718)
Investment real estate, net	1,399,722	1,508,839
Building - Held for Sale [Member]
Real Estate Properties [Line Items]
Investment real estate, net		5,408,613
Building [Member]
Real Estate Properties [Line Items]
Investment real estate, net	$ 1,399,722	$ 6,917,452

Note 3 - Fair Value Measureme40

Note 3 - Fair Value Measurements (Details)	Sep. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Number of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme41

Note 3 - Fair Value Measurements (Details) - Fair Value Measured on a Recurring Basis - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Fixed maturity securities, available-for-sale
Available-for-sale securities	$ 129,773,049	$ 111,322,786
US Treasury and Government [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	3,019,433	2,750,013
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	8,326,493	1,204,153
Residential Mortgage Backed Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	100,447	130,435
Corporate Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	102,676,699	95,193,298
Foreign Government Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	15,035,688	11,373,530
Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	129,158,760	110,651,429
Mutual Funds [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	69,367	83,465
Preferred Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	262,654	256,075
Common Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	282,268	331,817
Equity Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	614,289	671,357
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities		3,592
Fair Value, Inputs, Level 1 [Member] | Preferred Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	209,770	203,999
Fair Value, Inputs, Level 1 [Member] | Common Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	235,768	285,317
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	445,538	492,908
Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	3,019,433	2,750,013
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	8,326,493	1,204,153
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	100,447	130,435
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	102,676,699	95,193,298
Fair Value, Inputs, Level 2 [Member] | Foreign Government Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	15,035,688	11,373,530
Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	129,158,760	110,651,429
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	69,367	79,873
Fair Value, Inputs, Level 2 [Member] | Preferred Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	52,884	52,076
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	122,251	131,949
Fair Value, Inputs, Level 3 [Member] | Common Stock [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	46,500	46,500
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fixed maturity securities, available-for-sale
Available-for-sale securities	$ 46,500	$ 46,500

Note 3 - Fair Value Measureme42

Note 3 - Fair Value Measurements (Details) - Estimated Fair Values of Financial Instruments - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Mortgage loans on real estate
Mortgage loans on real estate	$ 55,084,951	$ 38,649,733
Policy loans, carrying value	1,474,528	1,520,620
Policy loans, fair value	1,474,528	1,520,620
Short-term investments, carrying value	599,544	1,141,199
Short-term investments, fair value	599,544	1,141,199
Other long-term investments, carrying value	31,794,676	21,781,925
Other long-term investments, fair value	38,121,039	25,912,178
Cash and cash equivalents, carrying value	11,978,769	10,158,386	$ 7,603,167	$ 10,608,438
Cash and cash equivalents, fair value	11,978,769	10,158,386
Accrued investment income, carrying value	2,081,804	1,682,906
Accrued investment income, fair value	2,081,804	1,682,906
Loans from premium financing, carrying value	123,825	123,886
Loans from premium financing, fair value	123,825	123,886
Total financial assets, carrying value	103,138,097	75,058,655
Total financial assets, fair value	111,021,877	81,152,895
Financial liabilities
Policyholders' account balances, carrying value	185,748,171	140,554,973
Policyholders' account balances, fair value	167,835,552	126,144,182
Notes payable		4,076,473
Notes payable		4,076,473
Policy claims, carrying value	655,416	602,269
Policy claims, fair value	655,416	602,269
Total financial liabilities, carrying value	186,403,587	145,233,715
Total financial liabilities, fair value	168,490,968	130,822,924
Commercial [Member]
Mortgage loans on real estate
Mortgage loans on real estate	1,608,114	1,962,593
Mortgage loans on real estate, fair value	1,633,185	2,000,041
Residential [Member]
Mortgage loans on real estate
Mortgage loans on real estate	53,476,837	36,687,140
Mortgage loans on real estate, fair value	55,009,183	38,613,679
Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate
Short-term investments, carrying value	599,544	1,141,199
Short-term investments, fair value	599,544	1,141,199
Cash and cash equivalents, fair value	11,978,769	10,158,386
Total financial assets, fair value	12,578,313	11,299,585
Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate
Policy loans, carrying value	1,474,528	1,520,620
Policy loans, fair value	1,474,528	1,520,620
Other long-term investments, fair value	38,121,039	25,912,178
Accrued investment income, carrying value	2,081,804	1,682,906
Accrued investment income, fair value	2,081,804	1,682,906
Loans from premium financing, carrying value	123,825	123,886
Loans from premium financing, fair value	123,825	123,886
Total financial assets, fair value	98,443,564	69,853,310
Financial liabilities
Policyholders' account balances, fair value	167,835,552	126,144,182
Notes payable		4,076,473
Policy claims, carrying value	655,416	602,269
Policy claims, fair value	655,416	602,269
Total financial liabilities, fair value	168,490,968	130,822,924
Fair Value, Inputs, Level 3 [Member] | Commercial [Member]
Mortgage loans on real estate
Mortgage loans on real estate, fair value	1,633,185	2,000,041
Fair Value, Inputs, Level 3 [Member] | Residential [Member]
Mortgage loans on real estate
Mortgage loans on real estate, fair value	$ 55,009,183	$ 38,613,679

Note 4 - Notes Payable (Details

Note 4 - Notes Payable (Details)	Mar. 11, 2015USD ($)	Feb. 28, 2014USD ($)aft²	Dec. 31, 2013USD ($)aft²	Mar. 11, 2015USD ($)	Mar. 31, 2015USD ($)	Feb. 28, 2014USD ($)aft²	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 4 - Notes Payable (Details) [Line Items]
Real Estate Investments, Net							$ 2,362,929		$ 9,165,090
Proceeds from Sale of Real Estate Held-for-investment							7,083,246	$ 36,000
Repayments of Notes Payable							4,076,473
Notes Payable									4,076,473
Payments to Acquire Real Estate Held-for-investment						$ 4,940,647
Amortization of Financing Costs							$ 51,362	$ 58,477
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment			$ 2,444,203
Area of Land (in Acres) | a			1
Area of Real Estate Property (in Square Feet) | ft²			3,975
Area of Real Estate Property, Percent			8.00%
Lessor Leasing Arrangements, Operating Leases, Number of Extensions			4
Lessor Leasing Arrangements, Operating Leases, Renewal Term			5 years
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receivables in 2014 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			$ 14,661
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receivables in 2015 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			14,881
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receviables in 2016 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			15,104
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receivables in 2017 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			15,331
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receivables in 2018 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			15,561
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Receivables in 2019 [Member]
Note 4 - Notes Payable (Details) [Line Items]
Operating Lease, Monthly Payment Receviables			15,794
Trinity Life Insurance Company [Member] | Greensburg, Indiana [Member] | Closing Costs [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment			50,516
Trinity Life Insurance Company [Member] | Norman, Oklahoma [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment			$ 1,519,431
Area of Land (in Acres) | a			1
Area of Real Estate Property (in Square Feet) | ft²			9,100
Area of Real Estate Property, Percent			18.00%
Lessor Leasing Arrangements, Operating Leases, Number of Extensions			3
Lessor Leasing Arrangements, Operating Leases, Renewal Term			5 years
Operating Leases, Future Minimum Payments Receivable			$ 8,004
Trinity Life Insurance Company [Member] | Norman, Oklahoma [Member] | Closing Costs [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment			$ 37,931
Trinity Life Insurance Company [Member] | Houston, Texas [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment		$ 977,013
Area of Land (in Acres) | a		1				1
Area of Real Estate Property (in Square Feet) | ft²		9,195				9,195
Area of Real Estate Property, Percent		25.00%				25.00%
Lessor Leasing Arrangements, Operating Leases, Number of Extensions		4
Lessor Leasing Arrangements, Operating Leases, Renewal Term		5 years
Operating Leases, Future Minimum Payments Receivable		$ 5,833				$ 5,833
Trinity Life Insurance Company [Member] | Houston, Texas [Member] | Closing Costs [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment		31,063
Trinity Life Insurance Company [Member] | Harrisonville, Missouri [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment		$ 1,752,397
Area of Real Estate Property (in Square Feet) | ft²		6,895				6,895
Area of Real Estate Property, Percent		20.00%				20.00%
Lessor Leasing Arrangements, Operating Leases, Number of Extensions		3
Lessor Leasing Arrangements, Operating Leases, Renewal Term		5 years
Operating Leases, Future Minimum Payments Receivable		$ 9,463				$ 9,463
Trinity Life Insurance Company [Member] | Harrisonville, Missouri [Member] | Closing Costs [Member]
Note 4 - Notes Payable (Details) [Line Items]
Payments to Acquire Real Estate Held-for-investment		44,864
Grand Bank [Member]
Note 4 - Notes Payable (Details) [Line Items]
Repayments of Notes Payable	$ 4,076,473
Amortization of Financing Costs				$ 7,423	$ 7,423
Interest Expense, Debt				35,181	35,181
Loan Processing Fee	72,744
Promissory Note Payable to Grand Bank Secured by Properties in Indiana Oklahoma Texas and Missouri [Member]
Note 4 - Notes Payable (Details) [Line Items]
Real Estate Investments, Net	6,693,044			$ 6,693,044					6,693,044
Gains (Losses) on Sales of Investment Real Estate	390,202
Proceeds from Sale of Real Estate Held-for-investment	7,083,246
Real Estate Investments, Closing Costs and Expenses	20,119
Repayments of Notes Payable	$ 4,076,473
Deferred Finance Costs, Gross									$ 106,889
Debt Instrument, Term									36 months
Amortization of Financing Costs									$ 26,722
Unamortized Debt Issuance Expense									80,167
Interest Expense, Debt									137,581
Promissory Note Payable to Grand Bank Secured by Properties in Indiana, Oklahoma and Texas [Member]
Note 4 - Notes Payable (Details) [Line Items]
Notes Payable					$ 3,009,265				3,009,265
Promissory Note Payable to Grand Bank Secured by Property Missouri [Member]
Note 4 - Notes Payable (Details) [Line Items]
Notes Payable		$ 1,067,208				$ 1,067,208			$ 1,067,208

Note 4 - Notes Payable (Detai44

Note 4 - Notes Payable (Details) - Notes Payable - USD ($)	Mar. 31, 2015	Dec. 31, 2014	Feb. 28, 2014
Debt Instrument [Line Items]
Promissory note payable		$ 4,076,473
Promissory Note Payable to Grand Bank Secured by Properties in Indiana, Oklahoma and Texas [Member]
Debt Instrument [Line Items]
Promissory note payable	$ 3,009,265	3,009,265
Promissory Note Payable to Grand Bank Secured by Property Missouri [Member]
Debt Instrument [Line Items]
Promissory note payable		$ 1,067,208	$ 1,067,208

Note 4 - Notes Payable (Detai45

Note 4 - Notes Payable (Details) - Notes Payable (Parentheticals)	Dec. 31, 2014
Promissory Note Payable to Grand Bank Secured by Properties in Indiana, Oklahoma and Texas [Member]
Debt Instrument [Line Items]
Interest	4.50%
Monthly payments	35
Promissory Note Payable to Grand Bank Secured by Property Missouri [Member]
Debt Instrument [Line Items]
Interest	4.50%
Monthly payments	35

Note 5 - Segment Data (Details)

Note 5 - Segment Data (Details) - Segment Data - Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Revenues	$ 5,771,820	$ 4,327,307	$ 16,097,577	$ 13,283,547
Income (loss) before income taxes:
Income (loss) before income taxes	865,637	234,206	1,541,939	950,971
Depreciation and amortization expense:
Depreciation and amortization expense	588,194	513,046	1,776,739	1,454,956
Life Insurance Operations [Member]
Revenues:
Revenues	3,009,009	2,451,719	8,700,985	7,467,032
Income (loss) before income taxes:
Income (loss) before income taxes	752,366	323,544	754,556	202,269
Depreciation and amortization expense:
Depreciation and amortization expense	351,004	125,190	1,168,749	784,650
Annuity Operations [Member]
Revenues:
Revenues	2,688,858	1,739,192	7,094,580	5,491,626
Income (loss) before income taxes:
Income (loss) before income taxes	183,304	(231,415)	652,395	495,240
Depreciation and amortization expense:
Depreciation and amortization expense	224,704	382,776	570,215	659,656
Corporate Segment [Member]
Revenues:
Revenues	73,953	136,396	302,012	324,889
Income (loss) before income taxes:
Income (loss) before income taxes	(70,033)	142,077	134,988	253,462
Depreciation and amortization expense:
Depreciation and amortization expense	$ 12,486	$ 5,080	$ 37,775	$ 10,650

Note 5 - Segment Data (Detail47

Note 5 - Segment Data (Details) - Segment Data - Assets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets:
Assets	$ 262,549,103	$ 219,001,168
Life Insurance Operations [Member]
Assets:
Assets	44,743,380	44,448,441
Annuity Operations [Member]
Assets:
Assets	211,112,838	167,947,889
Corporate Segment [Member]
Assets:
Assets	$ 6,692,885	$ 6,604,838

Note 6 - Federal Income Taxes (

Note 6 - Federal Income Taxes (Details) - Domestic Tax Authority [Member]	9 Months Ended
	Sep. 30, 2015
Earliest Tax Year [Member]
Note 6 - Federal Income Taxes (Details) [Line Items]
Open Tax Year	2,012
Latest Tax Year [Member]
Note 6 - Federal Income Taxes (Details) [Line Items]
Open Tax Year	2,014

Note 8 - Other Comprehensive 49

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Details) - Accumulated Other Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 1,343,818	$ 4,319,879	$ 2,683,543	$ 1,878,157
Other comprehensive loss before reclassifications, net of tax	(1,206,004)	(1,007,586)	(2,721,071)	1,887,281
Less amounts reclassified from accumulated other comprehensive income (loss), net of tax	160,525	6,105	(14,817)	459,250
Other comprehensive loss/income	(1,366,529)	(1,013,691)	(2,706,254)	1,428,031
Balance	(22,711)	3,306,188	(22,711)	3,306,188
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	1,358,562	4,349,872	2,712,694	1,888,498
Other comprehensive loss before reclassifications, net of tax	(1,219,333)	(1,001,414)	(2,748,807)	1,913,105
Less amounts reclassified from accumulated other comprehensive income (loss), net of tax	160,525	6,105	(14,817)	459,250
Other comprehensive loss/income	(1,379,858)	(1,007,519)	(2,733,990)	1,453,855
Balance	(21,296)	3,342,353	(21,296)	3,342,353
Adjustment to Deferred Acquisition Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(14,744)	(29,993)	(29,151)	(10,341)
Other comprehensive loss before reclassifications, net of tax	13,329	(6,172)	27,736	(25,824)
Other comprehensive loss/income	13,329	(6,172)	27,736	(25,824)
Balance	$ (1,415)	$ (36,165)	$ (1,415)	$ (36,165)

Note 8 - Other Comprehensive 50

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Details) - Other Comprehensive Income - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Change in net unrealized gains (losses) on available-for-sale securities:
Unrealized holding gains arising during the period, pretax		$ (1,524,166)	$ (1,251,770)	$ (3,436,009)	$ 2,391,378
Unrealized holding gains arising during the period, income tax expense (benefit)		(304,833)	(250,356)	(687,202)	478,273
Unrealized holding gains arising during the period, net of tax		(1,219,333)	(1,001,414)	(2,748,807)	1,913,105
Reclassification adjustment for gains included in income, pretax	[1]	200,657	7,631	(18,521)	574,062
Reclassification adjustment for gains included in income, income tax expense (benefit)	[2]	40,132	1,526	(3,704)	114,812
Reclassification adjustment for gains included in income, net of tax		160,525	6,105	(14,817)	459,250
Net unrealized gains on investments, pretax		(1,724,823)	(1,259,401)	(3,417,488)	1,817,316
Net unrealized gains on investments, income tax expense (benefit)		(344,965)	(251,882)	(683,498)	363,461
Net unrealized gains on investments, net of tax		(1,379,858)	(1,007,519)	(2,733,990)	1,453,855
Adjustment to deferred acquisition costs, pretax		16,661	(7,714)	34,669	(32,279)
Adjustment to deferred acquisition costs, income tax expense (benefit)		3,332	(1,542)	6,933	(6,455)
Adjustment to deferred acquisition costs, net of tax		13,329	(6,172)	27,736	(25,824)
Total other comprehensive income, pretax		(1,708,162)	(1,267,115)	(3,382,819)	1,785,037
Total other comprehensive income, income tax expense (benefit)		(341,633)	(253,424)	(676,565)	357,006
Total other comprehensive income, net of tax		$ (1,366,529)	$ (1,013,691)	$ (2,706,254)	$ 1,428,031
[1]	These items appear within net realized investment gains and loss on other-than-temporary impairment in the consolidated statement of operations.
[2]	These items appear within federal income taxes in the consolidated statement of operations.

Note 8 - Other Comprehensive 51

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Details) - Reclassified from Accumulated Other Comprehensive Income - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Unrealized gains on available-for-sale securities:
Realized gains (losses) on sales of securities (a)	[1]	$ 200,657	$ 7,631	$ (18,521)	$ 574,062
Income tax expense (benefit) (b)	[2]	40,132	1,526	(3,704)	114,812
Total reclassification adjustments		$ 160,525	$ 6,105	$ (14,817)	$ 459,250
[1]	These items appear within net realized investment gains and loss on other-than-temporary impairment in the consolidated statement of operations.
[2]	These items appear within federal income taxes in the consolidated statement of operations.

Note 9 - Allowance for Loan L52

Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) - USD ($)	Jun. 30, 2012	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) [Line Items]
Escrow Deposit		$ 3,980,317		$ 3,954,696
Mortgage Loans on Real Estate, Commercial and Consumer, Net		55,084,951		38,649,733
Financing Receivable, Allowance for Credit Losses		372,222	$ 361,629	323,824	$ 324,846	$ 301,957	$ 265,053
Premiums Receivable, Percent of Premium	80.00%
Premiums Receivable, Down Payment, Percent of Premium	20.00%
Premiums Receivable, Delinquent Premium, Term	25 days
Premiums Receivable, Gross		320,996		321,243
Premiums Receivable, Allowance for Doubtful Accounts		197,171		197,358
One Loan Originator [Member]
Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net		19,940,549		12,892,150	$ 9,086,579
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) [Line Items]
Escrow Deposit		562,235		540,049
All Other Entities [Member]
Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net		35,144,402		25,757,583
Financing Receivable, Allowance for Credit Losses		$ 175,051		$ 126,466

Note 9 - Allowance for Loan L53

Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) - Allowance for Loss on Premium Financing - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance, beginning	$ 361,629	$ 301,957	$ 323,824	$ 265,053
Provision	10,593	22,889	48,398	59,793
Allowance, ending	372,222	324,846	372,222	324,846
Allowance, ending:
Individually evaluated for impairment	192,689	192,876	192,689	192,876
Collectively evaluated for impairment	179,533	131,970	179,533	131,970
Carrying Values:
Individually evaluated for impairment	316,514	316,761	316,514	316,761
Collectively evaluated for impairment	35,148,884	25,970,318	35,148,884	25,970,318
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance, beginning	156,254	94,364	116,604	50,210
Provision	10,716	23,079	50,366	67,233
Allowance, ending	166,970	117,443	166,970	117,443
Allowance, ending:
Collectively evaluated for impairment	166,970	117,443	166,970	117,443
Carrying Values:
Collectively evaluated for impairment	33,536,288	23,966,858	33,536,288	23,966,858
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance, beginning	8,204	10,235	9,862	7,985
Provision	(123)	(190)	(1,781)	2,060
Allowance, ending	8,081	10,045	8,081	10,045
Allowance, ending:
Collectively evaluated for impairment	8,081	10,045	8,081	10,045
Carrying Values:
Collectively evaluated for impairment	1,608,114	1,998,978	1,608,114	1,998,978
Premium Finance Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance, beginning	197,171	197,358	197,358	206,858
Provision			(187)	(9,500)
Allowance, ending	197,171	197,358	197,171	197,358
Allowance, ending:
Individually evaluated for impairment	192,689	192,876	192,689	192,876
Collectively evaluated for impairment	4,482	4,482	4,482	4,482
Carrying Values:
Individually evaluated for impairment	316,514	316,761	316,514	316,761
Collectively evaluated for impairment	$ 4,482	$ 4,482	$ 4,482	$ 4,482

Note 9 - Allowance for Loan L54

Note 9 - Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Details) - Mortgage Loan to Value Ratios - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	$ 55,084,951	$ 38,649,733
Loan to Value Range 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	13,964,429	9,049,051
Loan to Value Range 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	22,050,745	12,068,335
Loan to Value Range 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	8,338,947	6,378,000
Loan to Value Range 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	7,951,436	8,143,996
Loan to Value Range 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	1,895,222	2,041,017
Loan to Value Range 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	182,057	448,381
Loan to Value Range 7 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	595,960	87,634
Loan to Value Range 8 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	106,155	433,319
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	53,476,837	36,687,140
Residential Portfolio Segment [Member] | Loan to Value Range 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	13,964,429	9,049,051
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	21,136,263	11,129,632
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	8,145,377	6,176,648
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	7,575,234	7,734,658
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	1,771,362	1,635,865
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	182,057	448,381
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	595,960	87,634
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	106,155	425,271
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	1,608,114	1,962,593
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	914,482	938,703
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	193,570	201,352
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	376,202	409,338
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans	$ 123,860	405,152
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans		$ 8,048
Minimum [Member] | Loan to Value Range 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	70.00%
Minimum [Member] | Loan to Value Range 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	60.00%
Minimum [Member] | Loan to Value Range 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	50.00%
Minimum [Member] | Loan to Value Range 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	40.00%
Minimum [Member] | Loan to Value Range 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	30.00%
Minimum [Member] | Loan to Value Range 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	20.00%
Minimum [Member] | Loan to Value Range 7 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	10.00%
Minimum [Member] | Loan to Value Range 8 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	10.00%
Maximum [Member] | Loan to Value Range 1 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	80.00%
Maximum [Member] | Loan to Value Range 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	70.00%
Maximum [Member] | Loan to Value Range 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	60.00%
Maximum [Member] | Loan to Value Range 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	50.00%
Maximum [Member] | Loan to Value Range 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	40.00%
Maximum [Member] | Loan to Value Range 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	30.00%
Maximum [Member] | Loan to Value Range 7 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	20.00%