First Trinity Financial (FTFC) 10-Q 10 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 07, 2017
Document Information [Line Items]
Entity Registrant Name	First Trinity Financial Corp.
Entity Central Index Key	1,395,585
Trading Symbol	ftfc
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		7,802,593
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $146,815,391 and $128,310,265 as of June 30, 2017 and December 31, 2016, respectively)	$ 151,551,123	$ 129,311,155
Available-for-sale equity securities at fair value (cost: $601,207 and $599,400 as of June 30, 2017 and December 31, 2016, respectively)	658,952	638,407
Mortgage loans on real estate	100,337,059	74,371,286
Investment real estate	2,248,228	2,506,673
Policy loans	1,604,260	1,598,116
Other long-term investments	57,895,580	46,788,873
Total investments	314,295,202	255,214,510
Cash and cash equivalents	17,541,778	34,223,945
Accrued investment income	2,517,930	2,176,770
Recoverable from reinsurers	1,230,910	1,258,938
Agents' balances and due premiums	1,643,690	1,419,250
Deferred policy acquisition costs	21,695,607	18,191,990
Value of insurance business acquired	5,699,371	5,908,835
Other assets	13,628,298	14,858,375
Total assets	378,252,786	333,252,613
Policy liabilities
Policyholders' account balances	285,235,552	245,346,489
Future policy benefits	46,708,192	44,266,227
Policy claims	915,170	997,814
Other policy liabilities	77,758	69,854
Total policy liabilities	332,936,672	290,680,384
Deferred federal income taxes	1,637,491	693,470
Other liabilities	3,639,385	5,598,484
Total liabilities	338,213,548	296,972,338
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 issued as of June 30, 2017 and December 31, 2016 and 7,802,593 outstanding as of June 30, 2017 and December 31, 2016)	80,502	80,502
Additional paid-in capital	28,684,598	28,684,598
Treasury stock, at cost (247,580 shares as of June 30, 2017 and December 31, 2016)	(893,947)	(893,947)
Accumulated other comprehensive income	3,766,117	818,676
Accumulated earnings	8,401,968	7,590,446
Total shareholders' equity	40,039,238	36,280,275
Total liabilities and shareholders' equity	$ 378,252,786	$ 333,252,613

Consolidated Statements of Fin3

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale fixed maturity securities at cost	$ 146,815,391	$ 128,310,265
Available-for-sale equity securities at cost	$ 601,207	$ 599,400
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,050,173	8,050,173
Common stock, shares outstanding (in shares)	7,802,593	7,802,593
Treasury stock, shares (in shares)	247,580	247,580

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Premiums	$ 3,880,345	$ 3,037,033	$ 7,502,035	$ 6,229,575
Net investment income	3,995,064	3,258,634	7,664,935	6,618,837
Net realized investment gains	91,088	166,093	257,594	146,942
Loss on other-than-temporary impairments	(224,250)		(224,250)
Other income	17,235	7,893	67,127	15,206
Total revenues	7,759,482	6,469,653	15,267,441	13,010,560
Benefits and claims
Increase in future policy benefits	1,482,159	1,279,874	2,441,964	2,638,018
Death benefits	887,745	1,034,230	2,433,581	1,986,288
Surrenders	248,212	198,643	531,588	336,369
Interest credited to policyholders	2,201,930	1,681,501	4,236,984	3,335,221
Dividend, endowment and supplementary life contract benefits	64,795	67,454	131,768	133,512
Total benefits and claims	4,884,841	4,261,702	9,775,885	8,429,408
Policy acquisition costs deferred	(2,586,318)	(1,542,926)	(5,001,037)	(3,119,135)
Amortization of deferred policy acquisition costs	747,306	355,491	1,428,142	1,052,037
Amortization of value of insurance business acquired	107,296	99,078	209,464	189,210
Commissions	2,345,063	1,548,635	4,589,973	2,828,721
Other underwriting, insurance and acquisition expenses	1,572,220	1,345,086	3,226,423	2,879,526
Total expenses	2,185,567	1,805,364	4,452,965	3,830,359
Total benefits, claims and expenses	7,070,408	6,067,066	14,228,850	12,259,767
Income before total federal income tax expense	689,074	402,587	1,038,591	750,793
Current federal income tax expense	19,909	34,212	19,909	37,510
Deferred federal income tax expense	119,121	30,276	207,160	79,871
Total federal income tax expense	139,030	64,488	227,069	117,381
Net income	$ 550,044	$ 338,099	$ 811,522	$ 633,412
Net income per common share basic and diluted (in dollars per share)	$ 0.07	$ 0.04	$ 0.10	$ 0.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income		$ 550,044	$ 338,099	$ 811,522	$ 633,412
Other Comprehensive Income (loss)
Total net unrealized investment gains arising during the period		2,477,183	4,602,854	3,720,267	8,382,376
Less net realized investment gains (losses)	[1]	(197,332)	151,677	(33,313)	128,951
Net unrealized investment gains		2,674,515	4,451,177	3,753,580	8,253,425
Less adjustment to deferred acquisition costs		49,778	67,083	69,278	127,213
Other comprehensive income before federal income tax expense		2,624,737	4,384,094	3,684,302	8,126,212
Federal income tax expense		524,948	876,817	736,861	1,625,240
Total other comprehensive income		2,099,789	3,507,277	2,947,441	6,500,972
Total comprehensive income		$ 2,649,833	$ 3,845,376	$ 3,758,963	$ 7,134,384
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairment in the consolidated statements 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
Other comprehensive income				$ 6,500,972		$ 6,500,972
Balance at Jun. 30, 2016	80,502	28,684,598	(893,947)	3,845,155	5,633,119	37,349,427
Balance at Dec. 31, 2015	80,502	28,684,598	(893,947)	(2,655,817)	4,999,707	30,215,043
Comprehensive income:
Net income					633,412	633,412
Other comprehensive income				2,947,441		2,947,441
Balance at Jun. 30, 2017	80,502	28,684,598	(893,947)	3,766,117	8,401,968	40,039,238
Balance at Dec. 31, 2016	80,502	28,684,598	(893,947)	818,676	7,590,446	36,280,275
Comprehensive income:
Net income					$ 811,522	$ 811,522

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income	$ 811,522	$ 633,412
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation	73,063	73,060
Accretion of discount on investments	(1,386,429)	(797,906)
Net realized investment gains	(257,594)	(146,942)
Loss on other-than-temporary impairment	224,250
Amortization of deferred policy acquisition costs	1,428,142	1,052,037
Policy acquisition costs deferred	(5,001,037)	(3,119,135)
Mortgage loan origination fees deferred		(4,531)
Amortization of loan origination fees	23,408	22,784
Amortization of value of insurance business acquired	209,464	189,210
Allowance for mortgage loan losses	101,031	14,516
Deferred federal income tax expense	207,160	79,871
Interest credited to policyholders	4,236,984	3,335,221
Change in assets and liabilities:
Accrued investment income	(341,160)	23,481
Policy loans	(6,144)	(35,875)
Short-term investments		549,822
Recoverable from reinsurers	28,028	(18,218)
Agents' balances and due premiums	(224,440)	(193,879)
Other assets (excludes depreciation of $320 in 2017 and change in receivable for securities sold of $609,014 and ($2,588,281) in 2017 and 2016, respectively).	620,743	(1,811,870)
Future policy benefits	2,441,965	2,645,718
Policy claims	(82,644)	144,812
Other policy liabilities	7,904	(7,869)
Other liabilities (excludes change in payable for securities purchased of ($80,176) and $499 in 2017 and 2016, respectively).	(1,878,923)	2,156,346
Net cash provided by operating activities	1,235,293	4,784,065
Investing activities
Purchases of fixed maturity securities	(32,301,685)	(3,936,924)
Maturities of fixed maturity securities	4,868,000	3,554,000
Sales of fixed maturity securities	7,735,249	3,940,211
Purchases of equity securities	(1,807)	(8,990)
Sales of equity securities		128,010
Purchases of mortgage loans	(36,741,329)	(9,362,778)
Payments on mortgage loans	10,724,113	3,661,522
Purchases of other long-term investments	(13,362,692)	(7,101,665)
Payments on other long-term investments	3,999,678	1,948,073
Sale on other long-term investments	792,012
Purchase of real estate		(198,622)
Sale of real estate	190,084
Net change in receivable and payable for securities sold and purchased	528,838	(2,587,782)
Net cash used in investing activities	(53,569,539)	(9,964,945)
Financing activities
Policyholders' account deposits	45,682,170	14,145,326
Policyholders' account withdrawals	(10,030,091)	(7,205,527)
Net cash provided by financing activities	35,652,079	6,939,799
Increase (decrease) in cash	(16,682,167)	1,758,919
Cash and cash equivalents, beginning of period	34,223,945	9,047,586
Cash and cash equivalents, end of period	$ 17,541,778	$ 10,806,505

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Depreciation	$ 320
Change in receivable for securities sold	609,014	$ (2,588,281)
Change in payable for securities purchased	$ (80,176)	$ 499

Supplemental Disclosures -Cash

Supplemental Disclosures -Cash and Non-cash Impact on Investing Activities	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	During 2017 $729,737 third not In conjunction with this transfer, the non-cash impact on investing activities is summarized as follows: Six Months Ended June 30, 2017 Reduction in available-for-securities fixed maturity securities $ 729,737 Other long-term invesments (729,737 ) Net cash provided (used) in investing activities $ -

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
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, The Company owns 100% 100% 10, 15, 20 30 The Company owns 100% 2006, January 2007. no June 30, 2012. Company Capitalization The Company raised $1,450,000 two 2004 $25,669,480 two one June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. 7,347,488 $3,624,518 702,685 two 2011 2012 $5,270,138 $5,270,138 The Company has also purchased 247,580 $893,947 Acquisition s On December 23, 2008, 100% $2,695,234 $195,234. On December 31, 2008, 15 $250,000 6% On August 31, 2009, two On December 28, 2011, 100% $13,855,129. On April 28, 2015, $3,644,839 $3,055,916 $588,923. 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 10 X. not The results of operations for the six June 30, 2017 not December 31, 2017 not 10 December 31, 2016. 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 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 may Common Stock Common stock is fully paid, non-assessable and has a par value of $.01 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 Subsequent Events Management has evaluated all events subsequent to June 30, 2017 Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, not 1 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not one The guidance is effective for annual periods ending after December 15, 2016, not no Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not Leases In February 2016, If the lease has a term of 12 The accounting applied by the lessor is largely unchanged from that applied under previous U.S. GAAP. Key aspects of the lessor accounting model, however, were aligned with the revenue recognition guidance of Codification Topic 606. 2016 02 842 Entities will generally continue to account for leases that commenced before the effective date of this update in accordance with previous U.S. GAAP unless the lease is modified. Lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimal rental payments that were tracked and disclosed under previous U.S. GAAP. The updated guidance is to be applied using a modified retrospective approach effective for annual and interim periods beginning after December 15, 2018. not Investments — Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting In March 2016, December 15, 2016, not Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. not Financial Instruments — Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In August 2016, eight December 15, 2017, not Consolidation – Interests Held through Related Parties that Are Under Common Control In October 2016, December 15, 2016, not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In November 2016, December 15, 2017, not Business Combinations – Clarifying the Definition of a Business In January 2017, not The updated guidance is effective for annual and interim periods beginning after December 15, 2017, not Intangibles – Goodwill and Other - Simplifying the Test for Goodwill Impairment In January 2017, no December 15, 2017, January 1, 2017. not Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, employer service cost component be reported in the same lines as other employee compensation cost and that the other components (non-service costs) be presented separately from the service cost and outside of a subtotal of income from operations if one The updated guidance is effective for reporting periods beginning after December 15, 2017. first not not no

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
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 June 30, 2017 December 31, 2016 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value June 30, 2017 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 3,513,372 $ 76,996 $ 57,654 $ 3,532,714 States and political subdivisions 9,403,827 268,163 33,354 9,638,636 Residential mortgage-backed securities 32,278 39,442 - 71,720 Corporate bonds 112,783,805 4,279,059 712,679 116,350,185 Foreign bonds 21,082,109 986,298 110,539 21,957,868 Total fixed maturity securities 146,815,391 5,649,958 914,226 151,551,123 Equity securities Mutual funds 346,284 1,044 - 347,328 Corporate preferred stock 99,945 2,033 40 101,938 Corporate common stock 154,978 54,708 - 209,686 Total equity securities 601,207 57,785 40 658,952 Total fixed maturity and equity securities $ 147,416,598 $ 5,707,743 $ 914,266 $ 152,210,075 December 31, 2016 Fixed maturity securities U.S. government and U.S. government agencies $ 3,157,889 $ 99,086 $ 71,592 $ 3,185,383 States and political subdivisions 9,172,533 144,947 66,584 9,250,896 Residential mortgage-backed securities 33,970 36,757 - 70,727 Corporate bonds 100,268,424 2,324,712 1,613,095 100,980,041 Foreign bonds 15,677,449 394,742 248,083 15,824,108 Total fixed maturity securities 128,310,265 3,000,244 1,999,354 129,311,155 Equity securities Mutual funds 344,783 - 2,869 341,914 Corporate preferred stock 99,945 - 3,585 96,360 Corporate common stock 154,672 45,461 - 200,133 Total equity securities 599,400 45,461 6,454 638,407 Total fixed maturity and equity securities $ 128,909,665 $ 3,045,705 $ 2,005,808 $ 129,949,562 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 June 30, 2017 December 31, 2016 Unrealized Number of Fair Value Loss Securities June 30, 2017 (Unaudited) Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 1,887,412 $ 42,684 7 States and political subdivisions 1,970,827 33,354 11 Corporate bonds 6,613,829 104,812 22 Foreign bonds 1,104,060 34,248 5 Total less than 12 months 11,576,128 215,098 45 More than 12 months U.S. government and U.S. government agencies 335,031 14,970 1 Corporate bonds 5,925,592 607,867 27 Foreign bonds 502,375 76,291 3 Total more than 12 months 6,762,998 699,128 31 Total fixed maturity securities in an unrealized loss position 18,339,126 914,226 76 Equity securities Less than 12 months Corporate preferred stock 49,960 40 1 Total less than 12 months 49,960 40 1 Total equity securities in an unrealized loss position 49,960 40 1 Total fixed maturity and equity securities in an unrealized loss position $ 18,389,086 $ 914,266 77 December 31, 2016 Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 1,878,308 $ 71,592 6 States and political subdivisions 2,532,653 66,584 14 Corporate bonds 23,721,217 696,066 92 Foreign bonds 5,087,133 155,833 16 Total less than 12 months 33,219,311 990,075 128 More than 12 months Corporate bonds 8,004,923 917,029 36 Foreign bonds 1,024,548 92,250 6 Total more than 12 months 9,029,471 1,009,279 42 Total fixed maturity securities in an unrealized loss position 42,248,782 1,999,354 170 Equity securities Less than 12 months Corporate preferred stock 96,360 3,585 2 Total less than 12 months 96,360 3,585 2 More than 12 months Mutual funds 89,113 2,869 1 Total more than 12 months 89,113 2,869 1 Total equity securities in an unrealized loss position 185,473 6,454 3 Total fixed maturity and equity securities in an unrealized loss position $ 42,434,255 $ 2,005,808 173 As of June 30, 2017, 76 $914,226, $18,339,126 $19,253,352. June 30, 2017. 76 95%. As of December 31, 2016, 170 $1,999,354, $42,248,782 $44,248,136. December 31, 2016. 170 95%. As of June 30, 2017, one $40, $49,960 $50,000. 99.9%. As of December 31, 2016, three $6,454, $185,473 $191,927. 97%. Fixed maturity securities were 93% 92% June 30, 2017 December 31, 2016, 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 may 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 The Company has recorded other-than-temporary impairments on its fixed maturity available-for-sale investment in an energy corporation with a total par value of $650,000 fourth 2016 $207,450 second 2017 $224,250 The Company experienced no three six June 30, 2017 December 31, 2016. Management believes that the Company will fully recover its cost basis in the securities held as of June 30, 2017, not not Net unrealized gains included in other comprehensive income for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation had been realized as of June 30, 2017 December 31, 2016, (Unaudited) June 30, 2017 December 31, 2016 Unrealized appreciation on available-for-sale securities $ 4,793,477 $ 1,039,897 Adjustment to deferred acquisition costs (85,831 ) (16,553 ) Deferred income taxes (941,529 ) (204,668 ) Net unrealized appreciation on available-for-sale securities $ 3,766,117 $ 818,676 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $57,895,580 $46,788,873 June 30, 2017 December 31, 2016, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of June 30, 2017, June 30, 2017 (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 $ 9,129,356 $ 9,228,487 $ 8,369,492 $ 8,501,590 Due after one year through five years 30,195,177 31,184,027 23,279,727 25,343,966 Due after five years through ten years 40,929,284 42,130,385 16,234,072 19,781,009 Due after ten years 66,529,296 68,936,504 10,012,289 15,992,575 Due at multiple maturity dates 32,278 71,720 - - $ 146,815,391 $ 151,551,123 $ 57,895,580 $ 69,619,140 Expected maturities will differ from contractual maturities because borrowers may 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, investment real estate and other long-term investments for the three six June 30, 2017 2016 Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2017 2016 2017 2016 2017 2016 2017 2016 Proceeds $ 8,154,018 $ 5,219,798 $ - $ 19,210 $ 5,598,724 $ 2,089,278 $ 82,917 $ - Gross realized gains 356,147 155,956 - 8,711 - 14,416 3,563 - Gross realized losses (329,229 ) (12,990 ) - - - - (1,668 ) - Loss on other-than-temporary impairment (224,250 ) - - - - - - - Three Months Ended June 30, (Unaudited) Other Long-Term Investments 2017 2016 Proceeds $ 792,012 $ - Gross realized gains 62,275 - Gross realized losses - - Loss on other-than-temporary impairment - - Six Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2017 2016 2017 2016 2017 2016 2017 2016 Proceeds $ 12,603,249 $ 7,494,211 $ - $ 128,010 $ 10,724,113 $ 3,661,522 $ 190,084 $ - Gross realized gains 527,252 163,050 - 8,711 - 17,991 6,050 - Gross realized losses (336,315 ) (41,342 ) - (1,468 ) - - (1,668 ) - Loss on other-than-temporary impairment (224,250 ) - - - - - - - Six Months Ended June 30, (Unaudited) Other Long-Term Investments 2017 2016 Proceeds $ 792,012 $ - Gross realized gains 62,275 - Gross realized losses - - Loss on other-than-temporary impairment - - The accumulated change in net unrealized investment gains (losses) for fixed maturity and equity securities available-for-sale for the three six June 30, 2017 2016 three six June 30, 2017 2016 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 2,673,801 $ 4,452,781 $ 3,734,842 $ 8,260,179 Equity securities 714 (1,604 ) 18,738 (6,754 ) Net realized investment gains: Available-for-sale securities: Fixed maturity securities 26,918 142,966 190,937 121,708 Equity securities - 8,711 - 7,243 Mortgage loans on real estate - 14,416 - 17,991 Investment real estate 1,895 - 4,382 - Other long-term investments 62,275 - 62,275 - Major categories of net investment income for the three six June 30, 2017 2016 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Fixed maturity securities $ 1,665,525 $ 1,533,301 $ 3,155,895 $ 3,100,519 Equity securities 5,086 6,658 10,158 13,840 Other long-term investments 882,009 622,502 1,739,479 1,170,324 Mortgage loans 1,876,637 1,328,427 3,544,031 2,681,498 Policy loans 28,453 26,491 56,017 52,589 Real estate 93,712 91,968 187,423 183,936 Short-term and other investments 112,798 69,874 223,084 142,144 Gross investment income 4,664,220 3,679,221 8,916,087 7,344,850 Investment expenses (669,156 ) (420,587 ) (1,251,152 ) (726,013 ) Net investment income $ 3,995,064 $ 3,258,634 $ 7,664,935 $ 6,618,837 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 June 30, 2017 December 31, 2016, $4,117,454 $4,099,405, As of June 30, 2017 December 31, 2016, $4,155,323 $4,125,116, The Company’s mortgage loans by property type as of June 30, 2017 December 31, 2016 (Unaudited) June 30, 2017 December 31, 2016 Commercial and industrial mortgage loans Retail stores $ 1,271,853 $ 1,075,324 Office buildings 139,198 179,484 Industrial 435,200 - Total commercial and industrial mortgage loans 1,846,251 1,254,808 Residential mortgage loans 98,490,808 73,116,478 Total mortgage loans $ 100,337,059 $ 74,371,286 The Company’s investment real estate as of June 30, 2017 December 31, 2016 (Unaudited) June 30, 2017 December 31, 2016 Land - held for the production of income $ 213,160 $ 213,160 Land - held for investment 745,155 745,155 Total land 958,315 958,315 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (1,122,439 ) (1,049,695 ) Buildings net of accumulated depreciation 1,145,118 1,217,862 Residential real estate - held for sale 144,795 330,496 Total residential real estate 144,795 330,496 Investment real estate, net of accumulated depreciation $ 2,248,228 $ 2,506,673 TLIC owns approximately six one 20,000 one fourth one four three one fourth 2016 $4,892 During 2017, $185,702. $4,382 $190,084.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
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 consolidated 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 may Level 1 1 Level 2 1 not 2 Level 3 no 3 not The Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three 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 3 3 The Company’s fair value hierarchy for those financial instruments measured at fair value on a recurring basis as of June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total June 30, 2017 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,532,714 $ - $ 3,532,714 States and political subdivisions - 9,638,636 - 9,638,636 Residential mortgage-backed securities - 71,720 - 71,720 Corporate bonds - 116,350,185 - 116,350,185 Foreign bonds - 21,957,868 - 21,957,868 Total fixed maturity securities $ - $ 151,551,123 $ - $ 151,551,123 Equity securities, available-for-sale Mutual funds $ - $ 347,328 $ - $ 347,328 Corporate preferred stock 101,938 - - 101,938 Corporate common stock 148,186 - 61,500 209,686 Total equity securities $ 250,124 $ 347,328 $ 61,500 $ 658,952 December 31, 2016 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,185,383 $ - $ 3,185,383 States and political subdivisions - 9,250,896 - 9,250,896 Residential mortgage-backed securities - 70,727 - 70,727 Corporate bonds - 100,980,041 - 100,980,041 Foreign bonds - 15,824,108 - 15,824,108 Total fixed maturity securities $ - $ 129,311,155 $ - $ 129,311,155 Equity securities, available-for-sale Mutual funds $ - $ 341,914 $ - $ 341,914 Corporate preferred stock 96,360 - - 96,360 Corporate common stock 138,633 - 61,500 200,133 Total equity securities $ 234,993 $ 341,914 $ 61,500 $ 638,407 As of June 30, 2017 December 31, 2016, 3 two no 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. Fair values for Level 1 2 third third 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 third 2 2 The Company’s equity securities are included in Level 1 2 3. 1 2 not 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 June 30, 2017 December 31, 2016, Financial Instruments Disclosed, But Not Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2017 (Unaudited) Financial assets Mortgage loans on real estate Commercial and industrial $ 1,846,251 $ 1,850,988 $ - $ - $ 1,850,988 Residential 98,490,808 101,495,994 - - 101,495,994 Policy loans 1,604,260 1,604,260 - - 1,604,260 Other long-term investments 57,895,580 69,619,140 - - 69,619,140 Cash and cash equivalents 17,541,778 17,541,778 17,541,778 - - Accrued investment income 2,517,930 2,517,930 - - 2,517,930 Total financial assets $ 179,896,607 $ 194,630,090 $ 17,541,778 $ - $ 177,088,312 Financial liabilities Policyholders' account balances $ 285,235,552 $ 245,080,798 $ - $ - $ 245,080,798 Policy claims 915,170 915,170 - - 915,170 Total financial liabilities $ 286,150,722 $ 245,995,968 $ - $ - $ 245,995,968 December 31, 2016 Financial assets Mortgage loans on real estate Commercial $ 1,254,808 $ 1,268,140 $ - $ - $ 1,268,140 Residential 73,116,478 70,383,661 - - 70,383,661 Policy loans 1,598,116 1,598,116 - - 1,598,116 Other long-term investments 46,788,873 55,890,429 - - 55,890,429 Cash and cash equivalents 34,223,945 34,223,945 34,223,945 - - Accrued investment income 2,176,770 2,176,770 - - 2,176,770 Total financial assets $ 159,158,990 $ 165,541,061 $ 34,223,945 $ - $ 131,317,116 Financial liabilities Policyholders' account balances $ 245,346,489 $ 206,541,702 $ - $ - $ 206,541,702 Policy claims 997,814 997,814 - - 997,814 Total financial liabilities $ 246,344,303 $ 207,539,516 $ - $ - $ 207,539,516 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 may 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, 2 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, Accrued Investment Income and Policy Loans The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents are included in Level 1 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 Policy Claims The carrying amounts reported for these liabilities approximate their fair value.

Note 4 - Segment Data

Note 4 - Segment Data	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	4. 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 June 30, 2017 December 31, 2016 for the three six June 30, 2017 2016 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Revenues: Life insurance operations $ 4,413,296 $ 3,602,546 $ 8,597,949 $ 7,347,790 Annuity operations 3,285,595 2,718,287 6,474,566 5,355,711 Corporate operations 60,591 148,820 194,926 307,059 Total $ 7,759,482 $ 6,469,653 $ 15,267,441 $ 13,010,560 Income before income taxes: Life insurance operations $ 436,176 $ 22,562 $ 554,026 $ 52,515 Annuity operations 186,941 350,169 347,356 578,425 Corporate operations 65,957 29,856 137,209 119,853 Total $ 689,074 $ 402,587 $ 1,038,591 $ 750,793 Depreciation and amortization expense: Life insurance operations $ 556,637 $ 324,040 $ 970,921 $ 998,587 Annuity operations 343,108 182,591 763,156 338,503 Corporate operations - - - - Total $ 899,745 $ 506,631 $ 1,734,077 $ 1,337,090 (Unaudited) June 30, 2017 December 31, 2016 Assets: Life insurance operations $ 52,871,600 $ 50,577,282 Annuity operations 318,272,021 275,745,766 Corporate operations 7,109,165 6,929,565 Total $ 378,252,786 $ 333,252,613

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5. 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. The Company has no not not 2013 2016

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6. A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, against former Company Board of Directors member Wayne Pettigrew and Mr. Pettigrew's company, Group & Pension Planners, Inc. (the "Defendants"), concluded on February 17, 2017. No. 2013 03385 The jury concluded that Mr. Pettigrew, while still a member of the Company’s Board of Directors, did, in fact, make untrue statements regarding the Company and Mr. Zahn and committed breaches of his fiduciary duties to the Company and awarded it $800,000 $3,500,000 Mr. Pettigrew can appeal this decision by the jury that will require him to post a bond in the amount of the total judgment of $4,300,000. In addition to the damages awarded by the jury, the Company and Mr. Zahn have initiated steps to aggressively communicate the correction of the untrue statements to outside parties. Prior to its acquisition by TLIC, FBLIC developed, marketed, and sold life insurance products known as “Decreasing Term to 95” January 17, 2013, March 1, 2013, not not 95 November 22, 2013, three 95 not 95 On June 18, 2015, 95 not one 95 first 95 one The main difference between the original Petition and the amended Petition is that the amended Petition also seeks equitable relief based on two 95 95 1 95 376.360 2 void 3 95 not First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2017 (Unaudited) 6. On February 1, 2016, $2,548,939 95 July 21, 2016, three 95 On August 1, 2016, November 27, 2017. On May 13, 2015, April 29, 2015, 95 No On September 28, 2015, not Doyle Nimmo subsequently submitted a claim and tendered the defense of these claims to Utica Mutual Insurance Company under a policy providing Insurance Agents and Brokers Errors and Omissions Liability coverage. On November 4, 2015, not On June 14, 2017, $90,000 $10,000 Guaranty fund assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. In most states, guaranty fund assessments may five

Note 7 - Other Comprehensive In

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7. Other Comprehensive Income and Accumulated Other Comprehensive Income The changes in the components of the Company’s accumulated other comprehensive income for the three six June 30, 2017 2016 Three Months Ended June 30, 2017 and 2016 (Unaudited) Unrealized Accumulated Appreciation on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income Balance as of April 1, 2017 $ 1,695,169 $ (28,841 ) $ 1,666,328 Other comprehensive income before reclassifications, net of tax 1,981,747 (39,823 ) 1,941,924 Less amounts reclassified from accumulated other comprehensive income, net of tax (157,865 ) - (157,865 ) Other comprehensive income 2,139,612 (39,823 ) 2,099,789 Balance as of June 30, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Balance as of April 1, 2016 $ 345,923 $ (8,045 ) $ 337,878 Other comprehensive income before reclassifications, net of tax 3,682,284 (53,666 ) 3,628,618 Less amounts reclassified from accumulated other comprehensive income, net of tax 121,341 - 121,341 Other comprehensive income 3,560,943 (53,666 ) 3,507,277 Balance as of June 30, 2016 $ 3,906,866 $ (61,711 ) $ 3,845,155 Six Months Ended June 30, 2017 and 2016 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2017 $ 831,917 $ (13,241 ) $ 818,676 Other comprehensive income before reclassifications, net of tax 2,976,214 (55,423 ) 2,920,791 Less amounts reclassified from accumulated other comprehensive income, net of tax (26,650 ) - (26,650 ) Other comprehensive income 3,002,864 (55,423 ) 2,947,441 Balance as of June 30, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Balance as of January 1, 2016 $ (2,695,876 ) $ 40,059 $ (2,655,817 ) Other comprehensive income before reclassifications, net of tax 6,705,902 (101,770 ) 6,604,132 Less amounts reclassified from accumulated other comprehensive loss, net of tax 103,160 - 103,160 Other comprehensive income 6,602,742 (101,770 ) 6,500,972 Balance as of June 30, 2016 $ 3,906,866 $ (61,711 ) $ 3,845,155 First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2017 (Unaudited) 7. Other Comprehensive Income and Accumulated Other Comprehensive Income The pretax components of the Company’s other comprehensive income and the related income tax expense (benefit) for each component for the three six June 30, 2017 2016 Three Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,477,183 $ 495,436 $ 1,981,747 Reclassification adjustment for net losses included in operations (197,332 ) (39,467 ) (157,865 ) Net unrealized gains on investments 2,674,515 534,903 2,139,612 Adjustment to deferred acquisition costs (49,778 ) (9,955 ) (39,823 ) Total other comprehensive income $ 2,624,737 $ 524,948 $ 2,099,789 Three Months Ended June 30, 2016 (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 $ 4,602,854 $ 920,570 $ 3,682,284 Reclassification adjustment for net gains included in operations 151,677 30,336 121,341 Net unrealized gains on investments 4,451,177 890,234 3,560,943 Adjustment to deferred acquisition costs (67,083 ) (13,417 ) (53,666 ) Total other comprehensive income $ 4,384,094 $ 876,817 $ 3,507,277 Six Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 3,720,267 $ 744,053 $ 2,976,214 Reclassification adjustment for net losses included in operations (33,313 ) (6,663 ) (26,650 ) Net unrealized gains on investments 3,753,580 750,716 3,002,864 Adjustment to deferred acquisition costs (69,278 ) (13,855 ) (55,423 ) Total other comprehensive income $ 3,684,302 $ 736,861 $ 2,947,441 Six Months Ended June 30, 2016 (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 $ 8,382,376 $ 1,676,474 $ 6,705,902 Reclassification adjustment for net gains included in operations 128,951 25,791 103,160 Net unrealized gains on investments 8,253,425 1,650,683 6,602,742 Adjustment to deferred acquisition costs (127,213 ) (25,443 ) (101,770 ) Total other comprehensive income $ 8,126,212 $ 1,625,240 $ 6,500,972 First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2017 (Unaudited) 7. Other Comprehensive Income and Accumulated Other Comprehensive Income 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 to the Company’s consolidated statement of operations for the three six June 30, 2017 2016 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) Reclassification Adjustments 2017 2016 2017 2016 Unrealized gains on available-for-sale securities: Realized gains (losses) on sales of securities (a) $ (197,332 ) $ 151,677 $ (33,313 ) $ 128,951 Income tax expense (benefit) (b) (39,467 ) 30,336 (6,663 ) 25,791 Total reclassification adjustments $ (157,865 ) $ 121,341 $ (26,650 ) $ 103,160 (a) These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan Los

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate and Loans From Premium Financing	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Premiums Receivable Note [Text Block]	8 . 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 and industrial 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 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 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 June 30, 2017, $557,042 third June 30, 2017, $157,039 $31,407,826 one First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2017 (Unaudited) 8 . Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing In addition, the Company has an additional $345,458 $68,929,233 June 30, 2017. As of December 31, 2016, $525,063 third $25,523,757 one $244,427 $48,847,529 December 31, 2016. Through June 30, 2012, 80% 20% 25 As of December 31, 2016 December 2016, no June 30, 2012. 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 six June 30, 2017 2016 $31,407,826 $24,629,791 June 30, 2017 2016, one third (Unaudited) As of and for the Three Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2017 2016 2017 2016 2017 2016 2017 2016 Allowance, beginning $ 280,284 $ 182,472 $ 6,197 $ 7,245 $ - $ 192,690 $ 286,481 $ 382,407 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 55,896 8,860 3,081 (713 ) - 86,972 58,977 95,119 Allowance, ending $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ 279,662 $ 345,458 $ 477,526 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 279,662 $ - $ 279,662 Collectively evaluated for impairment $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ - $ 345,458 $ 197,864 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 347,885 $ - $ 347,885 Collectively evaluated for impairment $ 67,082,982 $ 38,594,991 $ 1,846,251 $ 1,300,009 $ - $ - $ 68,929,233 $ 39,895,000 First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2017 (Unaudited) 8 . Allowance for Loan Losses from Mortgage Loans on Real Estate and Loans from Premium Financing (Unaudited) As of and for the Six Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2017 2016 2017 2016 2017 2016 2017 2016 Allowance, beginning $ 238,121 $ 175,988 $ 6,306 $ 7,360 $ - $ 197,172 $ 244,427 $ 380,520 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 98,059 15,344 2,972 (828 ) - 82,490 101,031 97,006 Allowance, ending $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ 279,662 $ 345,458 $ 477,526 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 279,662 $ - $ 279,662 Collectively evaluated for impairment $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ - $ 345,458 $ 197,864 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 347,885 $ - $ 347,885 Collectively evaluated for impairment $ 67,082,982 $ 38,594,991 $ 1,846,251 $ 1,300,009 $ - $ - $ 68,929,233 $ 39,895,000 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 and industrial mortgage loans on real estate by credit quality using this ratio as of June 30, 2017 December 31, 2016 Residential Mortgage Loans Commercial and Industrial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Over 70% to 80% $ 19,892,112 $ 14,559,541 $ - $ - $ 19,892,112 $ 14,559,541 Over 60% to 70% 35,279,607 29,738,887 - - 35,279,607 29,738,887 Over 50% to 60% 23,532,033 15,440,364 853,650 1,051,155 24,385,683 16,491,519 Over 40% to 50% 12,858,388 10,399,031 - - 12,858,388 10,399,031 Over 30% to 40% 4,085,833 2,184,351 665,508 203,653 4,751,341 2,388,004 Over 20% to 30% 2,055,612 467,410 182,018 - 2,237,630 467,410 Over 10% to 20% 729,887 317,936 145,075 - 874,962 317,936 10% or less 57,336 8,958 - - 57,336 8,958 Total $ 98,490,808 $ 73,116,478 $ 1,846,251 $ 1,254,808 $ 100,337,059 $ 74,371,286

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Company Capitalization The Company raised $1,450,000 two 2004 $25,669,480 two one June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. 7,347,488 $3,624,518 702,685 two 2011 2012 $5,270,138 $5,270,138 The Company has also purchased 247,580 $893,947
Business Combinations Policy [Policy Text Block]	Acquisition s On December 23, 2008, 100% $2,695,234 $195,234. On December 31, 2008, 15 $250,000 6% On August 31, 2009, two On December 28, 2011, 100% $13,855,129. On April 28, 2015, $3,644,839 $3,055,916 $588,923.
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 10 X. not The results of operations for the six June 30, 2017 not December 31, 2017 not 10 December 31, 2016.
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
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 may
Common Stock Policy [Policy Text Block]	Common Stock Common stock is fully paid, non-assessable and has a par value of $.01
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
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to June 30, 2017
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, not 1 2 3 4 5 In July 2015, one March 31, 2018. not Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In August 2014, one If conditions or events raise substantial doubt that is not one The guidance is effective for annual periods ending after December 15, 2016, not no Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, This guidance is effective for fiscal years beginning after December 15, 2017. not Leases In February 2016, If the lease has a term of 12 The accounting applied by the lessor is largely unchanged from that applied under previous U.S. GAAP. Key aspects of the lessor accounting model, however, were aligned with the revenue recognition guidance of Codification Topic 606. 2016 02 842 Entities will generally continue to account for leases that commenced before the effective date of this update in accordance with previous U.S. GAAP unless the lease is modified. Lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimal rental payments that were tracked and disclosed under previous U.S. GAAP. The updated guidance is to be applied using a modified retrospective approach effective for annual and interim periods beginning after December 15, 2018. not Investments — Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting In March 2016, December 15, 2016, not Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments In March 2016, not December 15, 2016. not Financial Instruments — Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no The updated guidance is effective for reporting periods beginning after December 15, 2019. December 15, 2018. not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In August 2016, eight December 15, 2017, not Consolidation – Interests Held through Related Parties that Are Under Common Control In October 2016, December 15, 2016, not Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In November 2016, December 15, 2017, not Business Combinations – Clarifying the Definition of a Business In January 2017, not The updated guidance is effective for annual and interim periods beginning after December 15, 2017, not Intangibles – Goodwill and Other - Simplifying the Test for Goodwill Impairment In January 2017, no December 15, 2017, January 1, 2017. not Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, employer service cost component be reported in the same lines as other employee compensation cost and that the other components (non-service costs) be presented separately from the service cost and outside of a subtotal of income from operations if one The updated guidance is effective for reporting periods beginning after December 15, 2017. first not not no

Supplemental Disclosures -Cas19

Supplemental Disclosures -Cash and Non-cash Impact on Investing Activities (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended June 30, 2017 Reduction in available-for-securities fixed maturity securities $ 729,737 Other long-term invesments (729,737 ) Net cash provided (used) in investing activities $ -

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value June 30, 2017 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 3,513,372 $ 76,996 $ 57,654 $ 3,532,714 States and political subdivisions 9,403,827 268,163 33,354 9,638,636 Residential mortgage-backed securities 32,278 39,442 - 71,720 Corporate bonds 112,783,805 4,279,059 712,679 116,350,185 Foreign bonds 21,082,109 986,298 110,539 21,957,868 Total fixed maturity securities 146,815,391 5,649,958 914,226 151,551,123 Equity securities Mutual funds 346,284 1,044 - 347,328 Corporate preferred stock 99,945 2,033 40 101,938 Corporate common stock 154,978 54,708 - 209,686 Total equity securities 601,207 57,785 40 658,952 Total fixed maturity and equity securities $ 147,416,598 $ 5,707,743 $ 914,266 $ 152,210,075 December 31, 2016 Fixed maturity securities U.S. government and U.S. government agencies $ 3,157,889 $ 99,086 $ 71,592 $ 3,185,383 States and political subdivisions 9,172,533 144,947 66,584 9,250,896 Residential mortgage-backed securities 33,970 36,757 - 70,727 Corporate bonds 100,268,424 2,324,712 1,613,095 100,980,041 Foreign bonds 15,677,449 394,742 248,083 15,824,108 Total fixed maturity securities 128,310,265 3,000,244 1,999,354 129,311,155 Equity securities Mutual funds 344,783 - 2,869 341,914 Corporate preferred stock 99,945 - 3,585 96,360 Corporate common stock 154,672 45,461 - 200,133 Total equity securities 599,400 45,461 6,454 638,407 Total fixed maturity and equity securities $ 128,909,665 $ 3,045,705 $ 2,005,808 $ 129,949,562
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities June 30, 2017 (Unaudited) Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 1,887,412 $ 42,684 7 States and political subdivisions 1,970,827 33,354 11 Corporate bonds 6,613,829 104,812 22 Foreign bonds 1,104,060 34,248 5 Total less than 12 months 11,576,128 215,098 45 More than 12 months U.S. government and U.S. government agencies 335,031 14,970 1 Corporate bonds 5,925,592 607,867 27 Foreign bonds 502,375 76,291 3 Total more than 12 months 6,762,998 699,128 31 Total fixed maturity securities in an unrealized loss position 18,339,126 914,226 76 Equity securities Less than 12 months Corporate preferred stock 49,960 40 1 Total less than 12 months 49,960 40 1 Total equity securities in an unrealized loss position 49,960 40 1 Total fixed maturity and equity securities in an unrealized loss position $ 18,389,086 $ 914,266 77 December 31, 2016 Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 1,878,308 $ 71,592 6 States and political subdivisions 2,532,653 66,584 14 Corporate bonds 23,721,217 696,066 92 Foreign bonds 5,087,133 155,833 16 Total less than 12 months 33,219,311 990,075 128 More than 12 months Corporate bonds 8,004,923 917,029 36 Foreign bonds 1,024,548 92,250 6 Total more than 12 months 9,029,471 1,009,279 42 Total fixed maturity securities in an unrealized loss position 42,248,782 1,999,354 170 Equity securities Less than 12 months Corporate preferred stock 96,360 3,585 2 Total less than 12 months 96,360 3,585 2 More than 12 months Mutual funds 89,113 2,869 1 Total more than 12 months 89,113 2,869 1 Total equity securities in an unrealized loss position 185,473 6,454 3 Total fixed maturity and equity securities in an unrealized loss position $ 42,434,255 $ 2,005,808 173
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) June 30, 2017 December 31, 2016 Unrealized appreciation on available-for-sale securities $ 4,793,477 $ 1,039,897 Adjustment to deferred acquisition costs (85,831 ) (16,553 ) Deferred income taxes (941,529 ) (204,668 ) Net unrealized appreciation on available-for-sale securities $ 3,766,117 $ 818,676
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2017 2016 2017 2016 2017 2016 2017 2016 Proceeds $ 8,154,018 $ 5,219,798 $ - $ 19,210 $ 5,598,724 $ 2,089,278 $ 82,917 $ - Gross realized gains 356,147 155,956 - 8,711 - 14,416 3,563 - Gross realized losses (329,229 ) (12,990 ) - - - - (1,668 ) - Loss on other-than-temporary impairment (224,250 ) - - - - - - - Three Months Ended June 30, (Unaudited) Other Long-Term Investments 2017 2016 Proceeds $ 792,012 $ - Gross realized gains 62,275 - Gross realized losses - - Loss on other-than-temporary impairment - - Six Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Mortgage Loans on Real Estate Investment Real Estate 2017 2016 2017 2016 2017 2016 2017 2016 Proceeds $ 12,603,249 $ 7,494,211 $ - $ 128,010 $ 10,724,113 $ 3,661,522 $ 190,084 $ - Gross realized gains 527,252 163,050 - 8,711 - 17,991 6,050 - Gross realized losses (336,315 ) (41,342 ) - (1,468 ) - - (1,668 ) - Loss on other-than-temporary impairment (224,250 ) - - - - - - - Six Months Ended June 30, (Unaudited) Other Long-Term Investments 2017 2016 Proceeds $ 792,012 $ - Gross realized gains 62,275 - Gross realized losses - - Loss on other-than-temporary impairment - -
Available-for-sale Securities [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ 2,673,801 $ 4,452,781 $ 3,734,842 $ 8,260,179 Equity securities 714 (1,604 ) 18,738 (6,754 ) Net realized investment gains: Available-for-sale securities: Fixed maturity securities 26,918 142,966 190,937 121,708 Equity securities - 8,711 - 7,243 Mortgage loans on real estate - 14,416 - 17,991 Investment real estate 1,895 - 4,382 - Other long-term investments 62,275 - 62,275 -
Investment Income [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Fixed maturity securities $ 1,665,525 $ 1,533,301 $ 3,155,895 $ 3,100,519 Equity securities 5,086 6,658 10,158 13,840 Other long-term investments 882,009 622,502 1,739,479 1,170,324 Mortgage loans 1,876,637 1,328,427 3,544,031 2,681,498 Policy loans 28,453 26,491 56,017 52,589 Real estate 93,712 91,968 187,423 183,936 Short-term and other investments 112,798 69,874 223,084 142,144 Gross investment income 4,664,220 3,679,221 8,916,087 7,344,850 Investment expenses (669,156 ) (420,587 ) (1,251,152 ) (726,013 ) Net investment income $ 3,995,064 $ 3,258,634 $ 7,664,935 $ 6,618,837
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) June 30, 2017 December 31, 2016 Commercial and industrial mortgage loans Retail stores $ 1,271,853 $ 1,075,324 Office buildings 139,198 179,484 Industrial 435,200 - Total commercial and industrial mortgage loans 1,846,251 1,254,808 Residential mortgage loans 98,490,808 73,116,478 Total mortgage loans $ 100,337,059 $ 74,371,286
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) June 30, 2017 December 31, 2016 Land - held for the production of income $ 213,160 $ 213,160 Land - held for investment 745,155 745,155 Total land 958,315 958,315 Building - held for the production of income 2,267,557 2,267,557 Less - accumulated depreciation (1,122,439 ) (1,049,695 ) Buildings net of accumulated depreciation 1,145,118 1,217,862 Residential real estate - held for sale 144,795 330,496 Total residential real estate 144,795 330,496 Investment real estate, net of accumulated depreciation $ 2,248,228 $ 2,506,673
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	June 30, 2017 (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 $ 9,129,356 $ 9,228,487 $ 8,369,492 $ 8,501,590 Due after one year through five years 30,195,177 31,184,027 23,279,727 25,343,966 Due after five years through ten years 40,929,284 42,130,385 16,234,072 19,781,009 Due after ten years 66,529,296 68,936,504 10,012,289 15,992,575 Due at multiple maturity dates 32,278 71,720 - - $ 146,815,391 $ 151,551,123 $ 57,895,580 $ 69,619,140

Note 3 - Fair Value Measureme21

Note 3 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total June 30, 2017 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,532,714 $ - $ 3,532,714 States and political subdivisions - 9,638,636 - 9,638,636 Residential mortgage-backed securities - 71,720 - 71,720 Corporate bonds - 116,350,185 - 116,350,185 Foreign bonds - 21,957,868 - 21,957,868 Total fixed maturity securities $ - $ 151,551,123 $ - $ 151,551,123 Equity securities, available-for-sale Mutual funds $ - $ 347,328 $ - $ 347,328 Corporate preferred stock 101,938 - - 101,938 Corporate common stock 148,186 - 61,500 209,686 Total equity securities $ 250,124 $ 347,328 $ 61,500 $ 658,952 December 31, 2016 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 3,185,383 $ - $ 3,185,383 States and political subdivisions - 9,250,896 - 9,250,896 Residential mortgage-backed securities - 70,727 - 70,727 Corporate bonds - 100,980,041 - 100,980,041 Foreign bonds - 15,824,108 - 15,824,108 Total fixed maturity securities $ - $ 129,311,155 $ - $ 129,311,155 Equity securities, available-for-sale Mutual funds $ - $ 341,914 $ - $ 341,914 Corporate preferred stock 96,360 - - 96,360 Corporate common stock 138,633 - 61,500 200,133 Total equity securities $ 234,993 $ 341,914 $ 61,500 $ 638,407
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2017 (Unaudited) Financial assets Mortgage loans on real estate Commercial and industrial $ 1,846,251 $ 1,850,988 $ - $ - $ 1,850,988 Residential 98,490,808 101,495,994 - - 101,495,994 Policy loans 1,604,260 1,604,260 - - 1,604,260 Other long-term investments 57,895,580 69,619,140 - - 69,619,140 Cash and cash equivalents 17,541,778 17,541,778 17,541,778 - - Accrued investment income 2,517,930 2,517,930 - - 2,517,930 Total financial assets $ 179,896,607 $ 194,630,090 $ 17,541,778 $ - $ 177,088,312 Financial liabilities Policyholders' account balances $ 285,235,552 $ 245,080,798 $ - $ - $ 245,080,798 Policy claims 915,170 915,170 - - 915,170 Total financial liabilities $ 286,150,722 $ 245,995,968 $ - $ - $ 245,995,968 December 31, 2016 Financial assets Mortgage loans on real estate Commercial $ 1,254,808 $ 1,268,140 $ - $ - $ 1,268,140 Residential 73,116,478 70,383,661 - - 70,383,661 Policy loans 1,598,116 1,598,116 - - 1,598,116 Other long-term investments 46,788,873 55,890,429 - - 55,890,429 Cash and cash equivalents 34,223,945 34,223,945 34,223,945 - - Accrued investment income 2,176,770 2,176,770 - - 2,176,770 Total financial assets $ 159,158,990 $ 165,541,061 $ 34,223,945 $ - $ 131,317,116 Financial liabilities Policyholders' account balances $ 245,346,489 $ 206,541,702 $ - $ - $ 206,541,702 Policy claims 997,814 997,814 - - 997,814 Total financial liabilities $ 246,344,303 $ 207,539,516 $ - $ - $ 207,539,516

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2017 2016 2017 2016 Revenues: Life insurance operations $ 4,413,296 $ 3,602,546 $ 8,597,949 $ 7,347,790 Annuity operations 3,285,595 2,718,287 6,474,566 5,355,711 Corporate operations 60,591 148,820 194,926 307,059 Total $ 7,759,482 $ 6,469,653 $ 15,267,441 $ 13,010,560 Income before income taxes: Life insurance operations $ 436,176 $ 22,562 $ 554,026 $ 52,515 Annuity operations 186,941 350,169 347,356 578,425 Corporate operations 65,957 29,856 137,209 119,853 Total $ 689,074 $ 402,587 $ 1,038,591 $ 750,793 Depreciation and amortization expense: Life insurance operations $ 556,637 $ 324,040 $ 970,921 $ 998,587 Annuity operations 343,108 182,591 763,156 338,503 Corporate operations - - - - Total $ 899,745 $ 506,631 $ 1,734,077 $ 1,337,090
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) June 30, 2017 December 31, 2016 Assets: Life insurance operations $ 52,871,600 $ 50,577,282 Annuity operations 318,272,021 275,745,766 Corporate operations 7,109,165 6,929,565 Total $ 378,252,786 $ 333,252,613

Note 7 - Other Comprehensive 23

Note 7 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2017 and 2016 (Unaudited) Unrealized Accumulated Appreciation on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income Balance as of April 1, 2017 $ 1,695,169 $ (28,841 ) $ 1,666,328 Other comprehensive income before reclassifications, net of tax 1,981,747 (39,823 ) 1,941,924 Less amounts reclassified from accumulated other comprehensive income, net of tax (157,865 ) - (157,865 ) Other comprehensive income 2,139,612 (39,823 ) 2,099,789 Balance as of June 30, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Balance as of April 1, 2016 $ 345,923 $ (8,045 ) $ 337,878 Other comprehensive income before reclassifications, net of tax 3,682,284 (53,666 ) 3,628,618 Less amounts reclassified from accumulated other comprehensive income, net of tax 121,341 - 121,341 Other comprehensive income 3,560,943 (53,666 ) 3,507,277 Balance as of June 30, 2016 $ 3,906,866 $ (61,711 ) $ 3,845,155 Six Months Ended June 30, 2017 and 2016 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2017 $ 831,917 $ (13,241 ) $ 818,676 Other comprehensive income before reclassifications, net of tax 2,976,214 (55,423 ) 2,920,791 Less amounts reclassified from accumulated other comprehensive income, net of tax (26,650 ) - (26,650 ) Other comprehensive income 3,002,864 (55,423 ) 2,947,441 Balance as of June 30, 2017 $ 3,834,781 $ (68,664 ) $ 3,766,117 Balance as of January 1, 2016 $ (2,695,876 ) $ 40,059 $ (2,655,817 ) Other comprehensive income before reclassifications, net of tax 6,705,902 (101,770 ) 6,604,132 Less amounts reclassified from accumulated other comprehensive loss, net of tax 103,160 - 103,160 Other comprehensive income 6,602,742 (101,770 ) 6,500,972 Balance as of June 30, 2016 $ 3,906,866 $ (61,711 ) $ 3,845,155
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,477,183 $ 495,436 $ 1,981,747 Reclassification adjustment for net losses included in operations (197,332 ) (39,467 ) (157,865 ) Net unrealized gains on investments 2,674,515 534,903 2,139,612 Adjustment to deferred acquisition costs (49,778 ) (9,955 ) (39,823 ) Total other comprehensive income $ 2,624,737 $ 524,948 $ 2,099,789 Three Months Ended June 30, 2016 (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 $ 4,602,854 $ 920,570 $ 3,682,284 Reclassification adjustment for net gains included in operations 151,677 30,336 121,341 Net unrealized gains on investments 4,451,177 890,234 3,560,943 Adjustment to deferred acquisition costs (67,083 ) (13,417 ) (53,666 ) Total other comprehensive income $ 4,384,094 $ 876,817 $ 3,507,277 Six Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 3,720,267 $ 744,053 $ 2,976,214 Reclassification adjustment for net losses included in operations (33,313 ) (6,663 ) (26,650 ) Net unrealized gains on investments 3,753,580 750,716 3,002,864 Adjustment to deferred acquisition costs (69,278 ) (13,855 ) (55,423 ) Total other comprehensive income $ 3,684,302 $ 736,861 $ 2,947,441 Six Months Ended June 30, 2016 (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 $ 8,382,376 $ 1,676,474 $ 6,705,902 Reclassification adjustment for net gains included in operations 128,951 25,791 103,160 Net unrealized gains on investments 8,253,425 1,650,683 6,602,742 Adjustment to deferred acquisition costs (127,213 ) (25,443 ) (101,770 ) Total other comprehensive income $ 8,126,212 $ 1,625,240 $ 6,500,972
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) Reclassification Adjustments 2017 2016 2017 2016 Unrealized gains on available-for-sale securities: Realized gains (losses) on sales of securities (a) $ (197,332 ) $ 151,677 $ (33,313 ) $ 128,951 Income tax expense (benefit) (b) (39,467 ) 30,336 (6,663 ) 25,791 Total reclassification adjustments $ (157,865 ) $ 121,341 $ (26,650 ) $ 103,160

Note 8 - Allowance for Loan L24

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate and Loans From Premium Financing (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	(Unaudited) As of and for the Three Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2017 2016 2017 2016 2017 2016 2017 2016 Allowance, beginning $ 280,284 $ 182,472 $ 6,197 $ 7,245 $ - $ 192,690 $ 286,481 $ 382,407 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 55,896 8,860 3,081 (713 ) - 86,972 58,977 95,119 Allowance, ending $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ 279,662 $ 345,458 $ 477,526 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 279,662 $ - $ 279,662 Collectively evaluated for impairment $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ - $ 345,458 $ 197,864 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 347,885 $ - $ 347,885 Collectively evaluated for impairment $ 67,082,982 $ 38,594,991 $ 1,846,251 $ 1,300,009 $ - $ - $ 68,929,233 $ 39,895,000 (Unaudited) As of and for the Six Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Premium Finance Loans Total 2017 2016 2017 2016 2017 2016 2017 2016 Allowance, beginning $ 238,121 $ 175,988 $ 6,306 $ 7,360 $ - $ 197,172 $ 244,427 $ 380,520 Charge offs - - - - - - - - Recoveries - - - - - - - - Provision 98,059 15,344 2,972 (828 ) - 82,490 101,031 97,006 Allowance, ending $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ 279,662 $ 345,458 $ 477,526 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 279,662 $ - $ 279,662 Collectively evaluated for impairment $ 336,180 $ 191,332 $ 9,278 $ 6,532 $ - $ - $ 345,458 $ 197,864 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ 347,885 $ - $ 347,885 Collectively evaluated for impairment $ 67,082,982 $ 38,594,991 $ 1,846,251 $ 1,300,009 $ - $ - $ 68,929,233 $ 39,895,000
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial and Industrial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Over 70% to 80% $ 19,892,112 $ 14,559,541 $ - $ - $ 19,892,112 $ 14,559,541 Over 60% to 70% 35,279,607 29,738,887 - - 35,279,607 29,738,887 Over 50% to 60% 23,532,033 15,440,364 853,650 1,051,155 24,385,683 16,491,519 Over 40% to 50% 12,858,388 10,399,031 - - 12,858,388 10,399,031 Over 30% to 40% 4,085,833 2,184,351 665,508 203,653 4,751,341 2,388,004 Over 20% to 30% 2,055,612 467,410 182,018 - 2,237,630 467,410 Over 10% to 20% 729,887 317,936 145,075 - 874,962 317,936 10% or less 57,336 8,958 - - 57,336 8,958 Total $ 98,490,808 $ 73,116,478 $ 1,846,251 $ 1,254,808 $ 100,337,059 $ 74,371,286

Supplemental Disclosures -Cas25

Supplemental Disclosures -Cash and Non-cash Impact on Investing Activities (Details Textual)	6 Months Ended
	Jun. 30, 2017USD ($)
Reduction in Available-for-sale Securities Fixed Maturity Securities	$ 729,737

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Supplement Disclosures to Consolidated Statements of Cash Flows (Unaudited) (Details)	6 Months Ended
	Jun. 30, 2017USD ($)
Reduction in available-for-securities fixed maturity securities	$ 729,737
Other long-term invesments	(729,737)
Net cash provided (used) in investing activities

Note 1 - Organization and Sig27

Note 1 - Organization and Significant Accounting Policies (Details Textual)

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Jun. 30, 2017$ / shares

Dec. 31, 2004USD ($)

Dec. 31, 2012USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Jun. 30, 2017USD ($)$ / sharesshares

Dec. 31, 2016$ / shares

Aug. 31, 2009

Proceeds from Issuance Initial Public Offering

$ 25,669,480

Number of Public Offerings

2

Proceeds from Issuance of Private Placement

$ 1,450,000

Number Of Private Placements

2

1

Common Stock Dividends, Shares | shares

702,685

Number of Stock Dividends

2

Treasury Stock, Shares, Acquired | shares

247,580

Treasury Stock, Value, Acquired, Cost Method

$ 893,947

Number of Subsidiaries Merged

2

Business Combination, Consideration Transferred

$ 13,855,129

Asset Acquired Under Assumption Reinsurance Agreement

$ 3,644,839

Liabilities Assumed Under Reinsurance Assumption Agreement

3,055,916

Gain on Reinsurance Assumption

$ 588,923

Common Stock, Par or Stated Value Per Share | $ / shares

$ 0.01

$ 0.01

$ 0.01

Retained Earnings [Member]

Dividends

$ 5,270,138

Common Stock Including Additional Paid in Capital [Member]

Stock Issued During Period, Value, Stock Dividend

$ 5,270,138

Term Products 10 Year [Member]

Term Products Number of Years

10 years

Term Products 15 Year [Member]

Term Products Number of Years

15 years

Term Products 20 Year [Member]

Term Products Number of Years

20 years

Term Products 30 Year [Member]

Term Products Number of Years

30 years

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

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

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

Business Combination, Acquisition Related Costs

$ 195,234

Debt Instrument, Term

15 years

Debt Instrument, Face Amount

$ 250,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred

$ 2,695,234

Trinity Life Insurance Company [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

100.00%

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

Wholly Owned Subsidiary Ownership Percentage

100.00%

100.00%

First Trinity Capital Corporation [Member]

Wholly Owned Subsidiary Ownership Percentage

100.00%

100.00%

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

Stock Issued During Period, Shares, New Issues | shares

7,347,488

Payments of Stock Issuance Costs

$ 3,624,518

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2016USD ($)	Jun. 30, 2017USD ($)ft²a	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	173	77		173
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 2,005,808	$ 914,266		$ 2,005,808
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	42,434,255	18,389,086		42,434,255
Investment Impaired Par Value				650,000
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	207,450	224,250		207,450
Deposit Assets	4,099,405	4,117,454		4,099,405
Other Assets, Fair Value Disclosure	4,125,116	4,155,323		4,125,116
Real Estate Investments, Carrying Value of Real Estate Property Sold During the Period		185,702
Gains (Losses) on Sales of Investment Real Estate		4,382
Proceeds from Sale of Real Estate Held-for-investment		$ 190,084
Topeka Kansas [Member] | Trinity Life Insurance Company [Member]
Area of Land | a		6.5
Topeka Kansas [Member] | Trinity Life Insurance Company [Member] | Held for the Production of Income [Member] | Office Building [Member]
Area of Real Estate Property | ft²		20,000
Jefferson City Missouri [Member] | FBLIC [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land | a		0.5
Impairment of Real Estate	4,892
Lottery Prize Cash Flows [Member]
Other Investments	$ 46,788,873	$ 57,895,580		$ 46,788,873
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	170	76		170
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 1,999,354	$ 914,226		$ 1,999,354
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	42,248,782	18,339,126		42,248,782
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 44,248,136	$ 19,253,352		$ 44,248,136
Fair Value to Cost Ratio	95.00%	95.00%		95.00%
Fixed Maturity Securities, Investment Grade Percentage	92.00%	93.00%		92.00%
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	3	1		3
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 6,454	$ 40		$ 6,454
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	185,473	49,960		185,473
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 191,927	$ 50,000		$ 191,927
Fair Value to Cost Ratio	97.00%	99.90%		97.00%

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Securities, gross unrealized gains	$ 5,707,743	$ 3,045,705
Securities, gross unrealized losses	914,266	2,005,808
Available-for-sale securities	152,210,075	129,949,562
Securities, amortized cost	147,416,598	128,909,665
US Treasury and Government [Member]
Securities, gross unrealized gains	76,996	99,086
Securities, gross unrealized losses	57,654	71,592
Available-for-sale securities	3,532,714	3,185,383
Securities, amortized cost	3,513,372	3,157,889
US States and Political Subdivisions Debt Securities [Member]
Securities, gross unrealized gains	268,163	144,947
Securities, gross unrealized losses	33,354	66,584
Available-for-sale securities	9,638,636	9,250,896
Securities, amortized cost	9,403,827	9,172,533
Residential Mortgage Backed Securities [Member]
Securities, gross unrealized gains	39,442	36,757
Securities, gross unrealized losses
Available-for-sale securities	71,720	70,727
Securities, amortized cost	32,278	33,970
Corporate Debt Securities [Member]
Securities, gross unrealized gains	4,279,059	2,324,712
Securities, gross unrealized losses	712,679	1,613,095
Available-for-sale securities	116,350,185	100,980,041
Securities, amortized cost	112,783,805	100,268,424
Foreign Government Debt Securities [Member]
Securities, gross unrealized gains	986,298	394,742
Securities, gross unrealized losses	110,539	248,083
Available-for-sale securities	21,957,868	15,824,108
Securities, amortized cost	21,082,109	15,677,449
Debt Securities [Member]
Securities, gross unrealized gains	5,649,958	3,000,244
Securities, gross unrealized losses	914,226	1,999,354
Available-for-sale securities	151,551,123	129,311,155
Securities, amortized cost	146,815,391	128,310,265
Mutual Funds [Member]
Securities, gross unrealized gains	1,044
Securities, gross unrealized losses		2,869
Available-for-sale securities	347,328	341,914
Securities, amortized cost	346,284	344,783
Preferred Stock [Member]
Securities, gross unrealized gains	2,033
Securities, gross unrealized losses	40	3,585
Available-for-sale securities	101,938	96,360
Securities, amortized cost	99,945	99,945
Common Stock [Member]
Securities, gross unrealized gains	54,708	45,461
Securities, gross unrealized losses
Available-for-sale securities	209,686	200,133
Securities, amortized cost	154,978	154,672
Equity Securities [Member]
Securities, gross unrealized gains	57,785	45,461
Securities, gross unrealized losses	40	6,454
Available-for-sale securities	658,952	638,407
Securities, amortized cost	$ 601,207	$ 599,400

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 18,389,086	$ 42,434,255
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 914,266	$ 2,005,808
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	77	173
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, more than twelve months, number	1
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,887,412	$ 1,878,308
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 42,684	$ 71,592
Securities in an unrealized loss position, less than twelve months, number	7	6
Securities in an unrealized loss position, more than twelve months, fair value	$ 335,031
Securities in an unrealized loss position, more than twelve months, unrealized loss	14,970
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	1,970,827	$ 2,532,653
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 33,354	$ 66,584
Securities in an unrealized loss position, less than twelve months, number	11	14
Corporate Debt Securities [Member]
Securities in an unrealized loss position, more than twelve months, number	27	36
Securities in an unrealized loss position, less than twelve months, fair value	$ 6,613,829	$ 23,721,217
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 104,812	$ 696,066
Securities in an unrealized loss position, less than twelve months, number	22	92
Securities in an unrealized loss position, more than twelve months, fair value	$ 5,925,592	$ 8,004,923
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 607,867	$ 917,029
Foreign Government Debt Securities [Member]
Securities in an unrealized loss position, more than twelve months, number	3	6
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,104,060	$ 5,087,133
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 34,248	$ 155,833
Securities in an unrealized loss position, less than twelve months, number	5	16
Securities in an unrealized loss position, more than twelve months, fair value	$ 502,375	$ 1,024,548
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 76,291	$ 92,250
Debt Securities [Member]
Securities in an unrealized loss position, more than twelve months, number	31	42
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 18,339,126	$ 42,248,782
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 914,226	$ 1,999,354
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	76	170
Securities in an unrealized loss position, less than twelve months, fair value	$ 11,576,128	$ 33,219,311
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 215,098	$ 990,075
Securities in an unrealized loss position, less than twelve months, number	45	128
Securities in an unrealized loss position, more than twelve months, fair value	$ 6,762,998	$ 9,029,471
Securities in an unrealized loss position, more than twelve months, unrealized loss	699,128	1,009,279
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	49,960	96,360
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 40	$ 3,585
Securities in an unrealized loss position, less than twelve months, number	1	2
Equity Securities [Member]
Securities in an unrealized loss position, more than twelve months, number		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 49,960	$ 185,473
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 40	$ 6,454
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	1	3
Securities in an unrealized loss position, less than twelve months, fair value	$ 49,960	$ 96,360
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 40	$ 3,585
Securities in an unrealized loss position, less than twelve months, number	1	2
Securities in an unrealized loss position, more than twelve months, fair value		$ 89,113
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 2,869
Mutual Funds [Member]
Securities in an unrealized loss position, more than twelve months, number		1
Securities in an unrealized loss position, more than twelve months, fair value		$ 89,113
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 2,869

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Unrealized appreciation on available-for-sale securities	$ 4,793,477	$ 1,039,897
Adjustment to deferred acquisition costs	(85,831)	(16,553)
Deferred income taxes	(941,529)	(204,668)
Net unrealized appreciation on available-for-sale securities	$ 3,766,117	$ 818,676

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Fixed maturity available-for-sale securities - amortized cost	$ 146,815,391	$ 128,310,265
Fixed maturity available-for-sale securities - fair value	151,551,123	$ 129,311,155
Fixed Maturities [Member]
Due in one year or less - amortized cost	9,129,356
Due in one year or less - fair value	9,228,487
Due after one year through five years	30,195,177
Due after one year through five years	31,184,027
Due after five years through ten years - amortized cost	40,929,284
Due after five years through ten years - fair value	42,130,385
Due after ten years - amortized cost	66,529,296
Due after ten years - fair value	68,936,504
Due at multiple maturity dates - amortized cost	32,278
Due at multiple maturity dates - fair value	71,720
Fixed maturity available-for-sale securities - amortized cost	146,815,391
Fixed maturity available-for-sale securities - fair value	151,551,123
Other Long-term Investments [Member]
Due in one year or less - amortized cost	8,369,492
Due in one year or less - fair value	8,501,590
Due after one year through five years	23,279,727
Due after one year through five years	25,343,966
Due after five years through ten years - amortized cost	16,234,072
Due after five years through ten years - fair value	19,781,009
Due after ten years - amortized cost	10,012,289
Due after ten years - fair value	15,992,575
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	57,895,580
Fixed maturity available-for-sale securities - fair value	$ 69,619,140

Note 2 - Investments - Availa33

Note 2 - Investments - Available-for-sale Securities - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fixed Maturities [Member]
Gross realized gains, available-for-sale securities	$ 356,147	$ 155,956	$ 527,252	$ 163,050
Gross realized losses, available-for-sale securities	(329,229)	(12,990)	(336,315)	(41,342)
Loss on other-than-temporary impairment, available-for-sale securities	(224,250)		(224,250)
Proceeds from sale of available-for-sale securities	8,154,018	5,219,798	12,603,249	7,494,211
Other Long-term Investments [Member]
Gross realized gains on sale of investments	62,275		62,275
Gross realized losses on sale of investments
Loss on other-than-temporary impairment, held to maturity securities
Proceeds from sale, maturity, or collection of investments	792,012		792,012
Equity Securities [Member]
Gross realized gains, available-for-sale securities		8,711		8,711
Gross realized losses, available-for-sale securities				(1,468)
Loss on other-than-temporary impairment, available-for-sale securities
Proceeds from sale of available-for-sale securities		19,210		128,010
Mortgages [Member]
Gross realized gains on sale of investments		14,416		17,991
Gross realized losses on sale of investments
Loss on other-than-temporary impairment, held to maturity securities
Proceeds from sale, maturity, or collection of investments	5,598,724	2,089,278	10,724,113	3,661,522
Real Estate Investment [Member]
Gross realized gains on sale of investments	3,563		6,050
Gross realized losses on sale of investments	(1,668)		(1,668)
Loss on other-than-temporary impairment, held to maturity securities
Proceeds from sale, maturity, or collection of investments	$ 82,917		$ 190,084

Note 2 - Investments - Availa34

Note 2 - Investments - Available-for-sale Securities - Accumulated Change in Net Unrealized Investment Gains (Losses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fixed Maturities [Member]
Available-for-sale securities - change in unrealized gains	$ 2,673,801	$ 4,452,781	$ 3,734,842	$ 8,260,179
Available-for-sale securities - realized gains	26,918	142,966	190,937	121,708
Equity Securities [Member]
Available-for-sale securities - change in unrealized gains	714	(1,604)	18,738	(6,754)
Available-for-sale securities - realized gains		8,711		7,243
Mortgages [Member]
Held to maturity securities - realized gains		14,416		17,991
Real Estate Investment [Member]
Held to maturity securities - realized gains	1,895		4,382
Other Long-term Investments [Member]
Held to maturity securities - realized gains	$ 62,275		$ 62,275

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Gross Investment income	$ 4,664,220	$ 3,679,221	$ 8,916,087	$ 7,344,850
Investment expenses	(669,156)	(420,587)	(1,251,152)	(726,013)
Net investment income	3,995,064	3,258,634	7,664,935	6,618,837
Fixed Maturities [Member]
Gross Investment income	1,665,525	1,533,301	3,155,895	3,100,519
Equity Securities [Member]
Gross Investment income	5,086	6,658	10,158	13,840
Other Long-term Investments [Member]
Gross Investment income	882,009	622,502	1,739,479	1,170,324
Mortgages [Member]
Gross Investment income	1,876,637	1,328,427	3,544,031	2,681,498
Policy Loans [Member]
Gross Investment income	28,453	26,491	56,017	52,589
Real Estate Investment [Member]
Gross Investment income	93,712	91,968	187,423	183,936
Short-term Investments [Member]
Gross Investment income	$ 112,798	$ 69,874	$ 223,084	$ 142,144

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 100,337,059	$ 74,371,286
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	1,846,251	1,254,808
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	1,271,853	1,075,324
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	139,198	179,484
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	435,200
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 98,490,808	$ 73,116,478

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Investment real estate, net	$ 2,248,228	$ 2,506,673
Land Held for the Production of Income [Member]
Investment real estate	213,160	213,160
Land Held for Sale [Member]
Investment real estate	745,155	745,155
Land [Member]
Investment real estate	958,315	958,315
Building Held for the Production of Income [Member]
Less - accumulated depreciation	(1,122,439)	(1,049,695)
Investment real estate, net	1,145,118	1,217,862
Investment real estate	2,267,557	2,267,557
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 144,795	$ 330,496

Note 3 - Fair Value Measureme38

Note 3 - Fair Value Measurements (Details Textual)	Jun. 30, 2017	Dec. 31, 2016
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme39

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale securities	$ 152,210,075	$ 129,949,562
US Treasury and Government [Member]
Available-for-sale securities	3,532,714	3,185,383
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	3,532,714	3,185,383
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	3,532,714	3,185,383
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	9,638,636	9,250,896
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	9,638,636	9,250,896
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	9,638,636	9,250,896
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member]
Available-for-sale securities	71,720	70,727
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	71,720	70,727
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	71,720	70,727
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member]
Available-for-sale securities	116,350,185	100,980,041
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	116,350,185	100,980,041
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	116,350,185	100,980,041
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Foreign Government Debt Securities [Member]
Available-for-sale securities	21,957,868	15,824,108
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	21,957,868	15,824,108
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	21,957,868	15,824,108
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Securities [Member]
Available-for-sale securities	151,551,123	129,311,155
Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	151,551,123	129,311,155
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	151,551,123	129,311,155
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member]
Available-for-sale securities	347,328	341,914
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	347,328	341,914
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	347,328	341,914
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Preferred Stock [Member]
Available-for-sale securities	101,938	96,360
Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	101,938	96,360
Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	101,938	96,360
Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Common Stock [Member]
Available-for-sale securities	209,686	200,133
Common Stock [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	209,686	200,133
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	148,186	138,633
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	61,500	61,500
Equity Securities [Member]
Available-for-sale securities	658,952	638,407
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	658,952	638,407
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	250,124	234,993
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	347,328	341,914
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	$ 61,500	$ 61,500

Note 3 - Fair Value Measureme40

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Accrued investment income	$ 2,517,930	$ 2,176,770
Policy claims	915,170	997,814
Policy loans	1,604,260	1,598,116
Reported Value Measurement [Member]
Cash and cash equivalents	17,541,778	34,223,945
Accrued investment income	2,517,930	2,176,770
Total financial assets	179,896,607	159,158,990
Policyholders' account balances	285,235,552	245,346,489
Policy claims	915,170	997,814
Total financial liabilities	286,150,722	246,344,303
Policy loans	1,604,260	1,598,116
Other long-term investments	57,895,580	46,788,873
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	1,846,251	1,254,808
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	98,490,808	73,116,478
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	17,541,778	34,223,945
Accrued investment income	2,517,930	2,176,770
Total financial assets	194,630,090	165,541,061
Policyholders' account balances	245,080,798	206,541,702
Policy claims	915,170	997,814
Total financial liabilities	245,995,968	207,539,516
Policy loans	1,604,260	1,598,116
Other long-term investments	69,619,140	55,890,429
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	17,541,778	34,223,945
Accrued investment income
Total financial assets	17,541,778	34,223,945
Policyholders' account balances
Policy claims
Total financial liabilities
Policy loans
Other long-term investments
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Accrued investment income
Total financial assets
Policyholders' account balances
Policy claims
Total financial liabilities
Policy loans
Other long-term investments
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Accrued investment income	2,517,930	2,176,770
Total financial assets	177,088,312	131,317,116
Policyholders' account balances	245,080,798	206,541,702
Policy claims	915,170	997,814
Total financial liabilities	245,995,968	207,539,516
Policy loans	1,604,260	1,598,116
Other long-term investments	69,619,140	55,890,429
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	1,850,988	1,268,140
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	1,850,988	1,268,140
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	101,495,994	70,383,661
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	$ 101,495,994	$ 70,383,661

Note 4 - Segment Data - Segment

Note 4 - Segment Data - Segment Data - Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Total revenue	$ 7,759,482	$ 6,469,653	$ 15,267,441	$ 13,010,560
Income before income taxes	689,074	402,587	1,038,591	750,793
Depreciation and amortization expense	899,745	506,631	1,734,077	1,337,090
Life Insurance Operations [Member]
Total revenue	4,413,296	3,602,546	8,597,949	7,347,790
Income before income taxes	436,176	22,562	554,026	52,515
Depreciation and amortization expense	556,637	324,040	970,921	998,587
Annuity Operations [Member]
Total revenue	3,285,595	2,718,287	6,474,566	5,355,711
Income before income taxes	186,941	350,169	347,356	578,425
Depreciation and amortization expense	343,108	182,591	763,156	338,503
Corporate Segment [Member]
Total revenue	60,591	148,820	194,926	307,059
Income before income taxes	65,957	29,856	137,209	119,853
Depreciation and amortization expense

Note 4 - Segment Data - Segme42

Note 4 - Segment Data - Segment Data - Assets (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Total assets	$ 378,252,786	$ 333,252,613
Life Insurance Operations [Member]
Total assets	52,871,600	50,577,282
Annuity Operations [Member]
Total assets	318,272,021	275,745,766
Corporate Segment [Member]
Total assets	$ 7,109,165	$ 6,929,565

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Unrecognized Tax Benefits	$ 0
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,013
Domestic Tax Authority [Member] | Latest Tax Year [Member]
Open Tax Year	2,016

Note 6 - Legal Matters and Co44

Note 6 - Legal Matters and Contingent Liabilities (Details Textual)	Jun. 14, 2017USD ($)	Feb. 17, 2017USD ($)	Nov. 22, 2013	Feb. 01, 2016USD ($)
FBLIC [Member] | Utica Mutual Insurance Company [Member] | Settled Litigation [Member]
Litigation Settlement, Amount Awarded from Other Party	$ 90,000
FBLIC [Member] | Doyle Nimmo [Member] | Settled Litigation [Member]
Litigation Settlement, Amount Awarded from Other Party	$ 10,000
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member]
Loss Contingency, Damages Awarded, Value		$ 4,300,000
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | First Trinity Financial Corporation [Member]
Loss Contingency, Damages Awarded, Value		800,000
Case No. CJ-2013-03385 [Member] | Mr. Pettigrew [Member] | Mr. Zahn [Member]
Loss Contingency, Damages Awarded, Value		$ 3,500,000
Decreasing Term to 95 [Member] | Pending Litigation [Member]
Loss Contingency, Number of Plaintiffs			3
Loss Contingency, Estimate of Possible Loss				$ 2,548,939

Note 7 - Other Comprehensive 45

Note 7 - Other Comprehensive Income and Accumulated Other Comprehensive Income - Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Less amounts reclassified from accumulated other comprehensive income, net of tax	$ (157,865)	$ 121,341	$ (26,650)	$ 103,160
Other comprehensive income before reclassifications, net of tax	1,941,924	3,628,618	2,920,791	6,604,132
Less amounts reclassified from accumulated other comprehensive income, net of tax	(157,865)	121,341	(26,650)	103,160
Other comprehensive income	2,099,789	3,507,277	2,947,441	6,500,972
Ending Balance	3,766,117	3,845,155	3,766,117	3,845,155
Beginning Balance	1,666,328	337,878	818,676	(2,655,817)
Other comprehensive income before reclassifications, net of tax	1,941,924	3,628,618	2,920,791	6,604,132
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Less amounts reclassified from accumulated other comprehensive income, net of tax	(157,865)	121,341	(26,650)	103,160
Other comprehensive income before reclassifications, net of tax	1,981,747	3,682,284	2,976,214	6,705,902
Less amounts reclassified from accumulated other comprehensive income, net of tax	(157,865)	121,341	(26,650)	103,160
Other comprehensive income	2,139,612	3,560,943	3,002,864	6,602,742
Ending Balance	3,834,781	3,906,866	3,834,781	3,906,866
Beginning Balance	1,695,169	345,923	831,917	(2,695,876)
Other comprehensive income before reclassifications, net of tax	1,981,747	3,682,284	2,976,214	6,705,902
Adjustment to Deferred Acquisition Costs [Member]
Less amounts reclassified from accumulated other comprehensive income, net of tax
Other comprehensive income before reclassifications, net of tax	(39,823)	(53,666)	(55,423)	(101,770)
Less amounts reclassified from accumulated other comprehensive income, net of tax
Other comprehensive income	(39,823)	(53,666)	(55,423)	(101,770)
Ending Balance	(68,664)	(61,711)	(68,664)	(61,711)
Beginning Balance	(28,841)	(8,045)	(13,241)	40,059
Other comprehensive income before reclassifications, net of tax	$ (39,823)	$ (53,666)	$ (55,423)	$ (101,770)

Note 7 - Other Comprehensive 46

Note 7 - Other Comprehensive Income and Accumulated Other Comprehensive Income - Other Comprehensive Income (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Adjustment to deferred acquisition costs, pretax		$ (49,778)	$ (67,083)	$ (69,278)	$ (127,213)
Adjustment to deferred acquisition costs, income tax expense		(9,955)	(13,417)	(13,855)	(25,443)
Adjustment to deferred acquisition costs, net of tax		(39,823)	(53,666)	(55,423)	(101,770)
Total other comprehensive income, pretax		2,624,737	4,384,094	3,684,302	8,126,212
Total other comprehensive income, income tax expense		524,948	876,817	736,861	1,625,240
Total other comprehensive income, net of tax		2,099,789	3,507,277	2,947,441	6,500,972
Unrealized holding gains arising during the period, pretax		2,477,183	4,602,854	3,720,267	8,382,376
Unrealized holding gains arising during the period, income tax expense		495,436	920,570	744,053	1,676,474
Unrealized holding gains arising during the period, net of tax		1,981,747	3,682,284	2,976,214	6,705,902
Realized gains (losses) on sales of securities	[1]	(197,332)	151,677	(33,313)	128,951
Income tax expense (benefit)	[2]	(39,467)	30,336	(6,663)	25,791
Less amounts reclassified from accumulated other comprehensive income, net of tax		(157,865)	121,341	(26,650)	103,160
Net unrealized gains on investments, pretax		2,674,515	4,451,177	3,753,580	8,253,425
Net unrealized gains on investments, income tax expense		534,903	890,234	750,716	1,650,683
Net unrealized gains on investments, net of tax		$ 2,139,612	$ 3,560,943	$ 3,002,864	$ 6,602,742
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairment in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 7 - Other Comprehensive 47

Note 7 - Other Comprehensive Income and Accumulated Other Comprehensive Income - Reclassified from Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Realized gains (losses) on sales of securities	[1]	$ (197,332)	$ 151,677	$ (33,313)	$ 128,951
Income tax expense (benefit)	[2]	(39,467)	30,336	(6,663)	25,791
Total reclassification adjustments		$ (157,865)	$ 121,341	$ (26,650)	$ 103,160
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairment in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan L48

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate and Loans From Premium Financing (Details Textual) - USD ($)	Jun. 30, 2012	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses		$ 345,458	$ 286,481	$ 244,427	$ 477,526	$ 382,407	$ 380,520
Premiums Receivable Down Payment Percent Of Premium	20.00%
Premiums Receivable, Delinquent Premium Term	25 days
Mortgage Loans on Real Estate, Commercial and Consumer, Net		100,337,059		74,371,286
Premiums Receivable, Percent Of Premium	80.00%
One Loan Originator [Member]
Financing Receivable, Allowance for Credit Losses		157,039
Mortgage Loans on Real Estate, Commercial and Consumer, Net		31,407,826		25,523,757	$ 24,629,791
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit		557,042		525,063
All Other Entities [Member]
Financing Receivable, Allowance for Credit Losses		345,458		244,427
Mortgage Loans on Real Estate, Commercial and Consumer, Net		$ 68,929,233		$ 48,847,529

Note 8 - Allowance for Loan L49

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate and Loans From Premium Financing - Allowance for Loss On Premium Financing (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Recoveries
Provision	$ 58,977	$ 95,119	101,031	97,006
Allowance, ending	345,458	477,526	345,458	477,526
Individually evaluated for impairment		279,662		279,662
Collectively evaluated for impairment	345,458	197,864	345,458	197,864
Individually evaluated for impairment		347,885		347,885
Collectively evaluated for impairment	68,929,233	39,895,000	68,929,233	39,895,000
Allowance, beginning	286,481	382,407	244,427	380,520
Charge offs
Residential Portfolio Segment [Member]
Recoveries
Provision	55,896	8,860	98,059	15,344
Allowance, ending	336,180	191,332	336,180	191,332
Individually evaluated for impairment
Collectively evaluated for impairment	336,180	191,332	336,180	191,332
Individually evaluated for impairment
Collectively evaluated for impairment	67,082,982	38,594,991	67,082,982	38,594,991
Allowance, beginning	280,284	182,472	238,121	175,988
Charge offs
Commercial Portfolio Segment [Member]
Recoveries
Provision	3,081	(713)	2,972	(828)
Allowance, ending	9,278	6,532	9,278	6,532
Individually evaluated for impairment
Collectively evaluated for impairment	9,278	6,532	9,278	6,532
Individually evaluated for impairment
Collectively evaluated for impairment	1,846,251	1,300,009	1,846,251	1,300,009
Allowance, beginning	6,197	7,245	6,306	7,360
Charge offs
Premium Finance Loans [Member]
Recoveries
Provision		86,972		82,490
Allowance, ending		279,662		279,662
Individually evaluated for impairment		279,662		279,662
Collectively evaluated for impairment
Individually evaluated for impairment		347,885		347,885
Collectively evaluated for impairment
Allowance, beginning		$ 192,690		197,172
Charge offs

Note 8 - Allowance for Loan L50

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate and Loans From Premium Financing - Mortgage Loan to Value Ratios (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Mortgage loans on real estate	$ 100,337,059	$ 74,371,286
Residential Portfolio Segment [Member]
Mortgage loans on real estate	98,490,808	73,116,478
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,846,251	1,254,808
Loan to Value Range1 [Member]
Mortgage loans on real estate	19,892,112	14,559,541
Loan to Value Range1 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	19,892,112	14,559,541
Loan to Value Range1 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate
Loan to Value Range1 [Member] | Maximum [Member]
Loan to value ratio	80.00%
Loan to Value Range 2 [Member]
Mortgage loans on real estate	$ 35,279,607	29,738,887
Loan to Value Range 2 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	35,279,607	29,738,887
Loan to Value Range 2 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate
Loan to Value Range 2 [Member] | Maximum [Member]
Loan to value ratio	70.00%
Loan to Value Range 3 [Member]
Mortgage loans on real estate	$ 24,385,683	16,491,519
Loan to Value Range 3 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	23,532,033	15,440,364
Loan to Value Range 3 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 853,650	1,051,155
Loan to Value Range 3 [Member] | Maximum [Member]
Loan to value ratio	60.00%
Loan to Value Range 4 [Member]
Mortgage loans on real estate	$ 12,858,388	10,399,031
Loan to Value Range 4 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	12,858,388	10,399,031
Loan to Value Range 4 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate
Loan to Value Range 4 [Member] | Maximum [Member]
Loan to value ratio	50.00%
Loan to Value Range 5 [Member]
Mortgage loans on real estate	$ 4,751,341	2,388,004
Loan to Value Range 5 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	4,085,833	2,184,351
Loan to Value Range 5 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 665,508	203,653
Loan to Value Range 5 [Member] | Maximum [Member]
Loan to value ratio	40.00%
Loan to Value Range 6 [Member]
Mortgage loans on real estate	$ 2,237,630	467,410
Loan to Value Range 6 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	2,055,612	467,410
Loan to Value Range 6 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 182,018
Loan to Value Range 6 [Member] | Maximum [Member]
Loan to value ratio	30.00%
Loan to Value Range 7 [Member]
Mortgage loans on real estate	$ 874,962	317,936
Loan to Value Range 7 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	729,887	317,936
Loan to Value Range 7 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	$ 145,075
Loan to Value Range 7 [Member] | Maximum [Member]
Loan to value ratio	20.00%
Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 57,336	8,958
Loan to Value Range 8 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	57,336	8,958
Loan to Value Range 8 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate