First Trinity Financial (FTFC) 10-Q 13 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 06, 2018
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, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $145,519,627 and $143,621,947 as of June 30, 2018 and December 31, 2017, respectively)	$ 144,729,230	$ 149,683,139
Available-for-sale preferred stock at fair value (cost: $99,945 as of June 30, 2018 and December 31, 2017)	99,020	100,720
Equity securities (available-for-sale in 2017) at fair value (cost: $513,490 and $502,919 as of June 30, 2018 and December 31, 2017, respectively)	568,208	571,427
Mortgage loans on real estate	120,023,916	102,496,451
Investment real estate	2,632,458	2,382,966
Policy loans	1,683,744	1,660,175
Short-term investments	685,898	547,969
Other long-term investments	58,904,792	55,814,583
Total investments	329,327,266	313,257,430
Cash and cash equivalents	16,585,991	31,496,159
Accrued investment income	2,707,701	2,544,963
Recoverable from reinsurers	1,659,698	1,340,700
Assets held in trust under coinsurance agreement	7,464,922
Agents' balances and due premiums	1,500,290	1,485,305
Deferred policy acquisition costs	27,166,743	24,555,902
Value of insurance business acquired	5,355,156	5,526,645
Other assets	11,532,357	10,920,570
Total assets	403,300,124	391,127,674
Policy liabilities
Policyholders' account balances	294,488,224	292,909,762
Future policy benefits	52,601,174	49,663,099
Policy claims	1,187,074	1,148,513
Other policy liabilities	66,445	68,490
Total policy liabilities	348,342,917	343,789,864
Funds withheld under coinsurance agreement	11,335,660
Deferred federal income taxes	2,179,425	2,961,929
Other liabilities	3,156,673	3,123,702
Total liabilities	365,014,675	349,875,495
Shareholders' equity
Common stock, par value $.01 per share (20,000,000 shares authorized, 8,050,173 issued as of June 30, 2018 and December 31, 2017 and 7,802,593 outstanding as of June 30, 2018 and December 31, 2017)	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, 2018 and December 31, 2017)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	(614,045)	4,760,951
Accumulated earnings	11,028,341	8,620,075
Total shareholders' equity	38,285,449	41,252,179
Total liabilities and shareholders' equity	$ 403,300,124	$ 391,127,674

Consolidated Statements of Fin3

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale fixed maturity securities at cost	$ 145,519,627	$ 143,621,947
Available-for-sale equity securities at cost	99,945	99,945
Equity securities, cost	$ 513,490	$ 502,919
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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Premiums	$ 4,572,872	$ 3,880,345	$ 9,059,607	$ 7,502,035
Net investment income	5,038,141	3,995,064	9,722,383	7,664,935
Net realized investment gains	49,256	91,088	24,472	257,594
Loss on other-than-temporary impairments		(224,250)		(224,250)
Service fees	230,161	3,614	233,561	7,289
Other income	28,345	13,621	46,172	59,838
Total revenues	9,918,775	7,759,482	19,086,195	15,267,441
Benefits, Claims and Expenses
Increase in future policy benefits	1,526,060	1,482,159	2,965,651	2,441,964
Death benefits	1,525,130	887,745	3,087,186	2,433,581
Surrenders	235,172	248,212	462,841	531,588
Interest credited to policyholders	2,304,102	2,201,930	4,611,433	4,236,984
Dividend, endowment and supplementary life contract benefits	65,010	64,795	132,695	131,768
Total benefits and claims	5,655,474	4,884,841	11,259,806	9,775,885
Policy acquisition costs deferred	(2,180,425)	(2,586,318)	(4,488,458)	(5,001,037)
Amortization of deferred policy acquisition costs	1,172,075	747,306	1,995,623	1,428,142
Amortization of value of insurance business acquired	81,878	107,296	171,489	209,464
Commissions	1,926,536	2,345,063	4,029,658	4,589,973
Other underwriting, insurance and acquisition expenses	1,488,635	1,572,220	3,132,028	3,226,423
Total expenses	2,488,699	2,185,567	4,840,340	4,452,965
Total benefits, claims and expenses	8,144,173	7,070,408	16,100,146	14,228,850
Income before total federal income tax expense	1,774,602	689,074	2,986,049	1,038,591
Current federal income tax expense		19,909		19,909
Deferred federal income tax expense	375,225	119,121	646,291	207,160
Total federal income tax expense	375,225	139,030	646,291	227,069
Net income	$ 1,399,377	$ 550,044	$ 2,339,758	$ 811,522
Net income per common share basic and diluted (in dollars per share)	$ 0.18	$ 0.07	$ 0.30	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income		$ 1,399,377	$ 550,044	$ 2,339,758	$ 811,522
Other Comprehensive Income (loss)
Total net unrealized investment gains (losses) arising during the period		(2,433,022)	2,477,183	(6,813,812)	3,720,267
Cumulative effect, adoption of accounting guidance for equity securities				(68,508)
Less net realized investment gains (losses) having no credit losses	[1]	40,647	(197,332)	39,477	(33,313)
Net unrealized investment gains (losses)		(2,473,669)	2,674,515	(6,921,797)	3,753,580
Less adjustment to deferred acquisition costs		(42,316)	49,778	(118,006)	69,278
Other comprehensive income (loss) before federal income tax expense		(2,431,353)	2,624,737	(6,803,791)	3,684,302
Federal income tax expense (benefit)		(510,583)	524,948	(1,428,795)	736,861
Total other comprehensive income (loss)		(1,920,770)	2,099,789	(5,374,996)	2,947,441
Total comprehensive income (loss)		$ (521,393)	$ 2,649,833	$ (3,035,238)	$ 3,758,963
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments 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
Balance at Dec. 31, 2016	$ 80,502	$ 28,684,598	$ (893,947)	$ 818,676	$ 7,590,446	$ 36,280,275
Net income					811,522	811,522
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 Mar. 31, 2017				1,666,328
Net income						550,044
Other comprehensive income				2,099,789		2,099,789
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, 2017	80,502	28,684,598	(893,947)	4,760,951	8,620,075	41,252,179
Net income					2,339,758	2,339,758
Other comprehensive income				(5,374,996)		(5,374,996)
Balance at Jun. 30, 2018	80,502	28,684,598	(893,947)	(614,045)	11,028,341	38,285,449
Balance at Mar. 31, 2018				1,306,725
Net income						1,399,377
Other comprehensive income				(1,920,770)		(1,920,770)
Balance at Jun. 30, 2018	80,502	28,684,598	(893,947)	(614,045)	11,028,341	38,285,449
Cumulative effect, adoption of accounting guidance for equity securities					$ 68,508	$ 68,508

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities
Net income	$ 2,339,758	$ 811,522
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation	72,744	73,063
Accretion of discount on investments	(1,877,352)	(1,386,429)
Net realized investment gains	(24,472)	(257,594)
Loss on other-than-temporary impairment		224,250
Amortization of policy acquisition cost	1,995,623	1,428,142
Policy acquisition costs deferred	(4,488,458)	(5,001,037)
Amortization of loan origination fees	20,955	23,408
Amortization of value of insurance business acquired	171,489	209,464
Allowance for mortgage loan losses	67,481	101,031
Provision for deferred federal income tax expense	646,291	207,160
Interest credited to policyholders	4,611,433	4,236,984
Change in assets and liabilities:
Policy loans	(23,569)	(6,144)
Short-term investments	(137,929)
Accrued investment income	(162,738)	(341,160)
Recoverable from reinsurers	(318,998)	28,028
Assets held in trust under coinsurance agreement	(7,464,922)
Agents' balances and due premiums	(14,985)	(224,440)
Other assets (excludes depreciation of $320 in 2017 and change in receivable for securities sold of $674,416 and $609,014 in 2018 and 2017, respectively)	62,629	620,743
Future policy benefits	2,938,075	2,441,965
Policy claims	38,561	(82,644)
Other policy liabilities	(2,045)	7,904
Other liabilities (excludes change in payable for securities purchased of ($99,611) and ($80,176) in 2018 and 2017, respectively)	(66,640)	(1,878,923)
Net cash provided (used) by operating activities	(1,617,069)	1,235,293
Investing activities
Purchases of fixed maturity securities	(10,665,969)	(32,301,685)
Maturities of fixed maturity securities	4,500,000	4,868,000
Sales of fixed maturity securities	3,988,932	7,735,249
Purchases of equity securities	(25,876)	(1,807)
Sales of equity securities	15,412
Purchases of mortgage loans	(34,435,782)	(36,741,329)
Payments on mortgage loans	16,655,627	10,724,113
Purchases of other long-term investments	(5,877,273)	(13,362,692)
Payments on other long-term investments	4,769,093	3,999,678
Sale on other long-term investments		792,012
Sale of real estate	54,853	190,084
Net change in receivable and payable for securities sold and purchased	(574,805)	528,838
Net cash used in investing activities	(21,595,788)	(53,569,539)
Financing activities
Policyholders' account deposits	21,557,499	45,682,170
Policyholders' account withdrawals	(13,254,810)	(10,030,091)
Net cash provided by financing activities	8,302,689	35,652,079
Decrease in cash	(14,910,168)	(16,682,167)
Cash and cash equivalents, beginning of period	31,496,159	34,223,945
Cash and cash equivalents, end of period	$ 16,585,991	$ 17,541,778

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Depreciation		$ 320
Change in receivable for securities sold	674,416	609,014
Change in payable of securities purchased

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities	6 Months Ended
	Jun. 30, 2018
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 $ - During 2018 $378,411 In conjunction with these foreclosures, the non-cash impact on investing activities is summarized as follows: Six Months Ended June 30, 2018 Reductions in mortgage loans due to foreclosure $ 378,411 Investment real estate held-for-sale acquired through foreclosure (378,411 ) Net cash provided (used) in investing activities $ - See notes to consolidated financial statements (unaudited).

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
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, 2018 not December 31, 2018 not 10 December 31, 2017. 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, 2018 Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, not 1 2 3 4 5 July 2015, one March 31, 2018. not 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 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 may December 15, 2018. July 2018, 2018 11 840, 840 840. 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 Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In November 2016, The updated guidance is effective for annual and interim periods beginning after 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, 2019, January 1, 2017. not Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, one The updated guidance is effective for reporting periods beginning after December 15, 2017. first not not no Compensation — Stock Compensation: Scope of Modification Accounting In May 2017, The updated guidance is effective for the quarter ending March 31, 2018. not not Target Improvement to Accounting for Hedging Activities In August 2017, The updated guidance is effective for reporting periods beginning after December 15, 2018. December 15, 2018. not not no Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On February 14, 2018, 2017. 2017 December 15, 2018 2017 The Company adopted the updated guidance effective December 31, 2017. not

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments Investments in fixed maturity and preferred stock available-for-sale and equity securities as of June 30, 2018 December 31, 2017 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value June 30, 2018 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 2,966,177 $ 24,243 $ 102,727 $ 2,887,693 States and political subdivisions 9,332,714 200,146 41,142 9,491,718 Residential mortgage-backed securities 25,849 33,585 - 59,434 Corporate bonds 110,610,723 1,239,478 1,822,844 110,027,357 Asset-backed 253,753 37 - 253,790 Foreign bonds 22,330,411 220,185 541,358 22,009,238 Total fixed maturity securities 145,519,627 1,717,674 2,508,071 144,729,230 Preferred stock 99,945 1,275 2,200 99,020 Equity securities Mutual funds 350,191 - 11,892 338,299 Corporate common stock 163,299 66,610 - 229,909 Total equity securities 513,490 66,610 11,892 568,208 Total fixed maturity, preferred stock and equity securities $ 146,133,062 $ 1,785,559 $ 2,522,163 $ 145,396,458 December 31, 2017 Fixed maturity securities U.S. government and U.S. government agencies $ 2,989,688 $ 48,720 $ 65,341 $ 2,973,067 States and political subdivisions 9,368,393 337,442 20,148 9,685,687 Residential mortgage-backed securities 29,573 41,736 - 71,309 Corporate bonds 109,340,273 5,248,291 491,556 114,097,008 Foreign bonds 21,894,020 1,134,999 172,951 22,856,068 Total fixed maturity securities 143,621,947 6,811,188 749,996 149,683,139 Preferred stock 99,945 775 - 100,720 Equity securities Mutual funds 347,942 1,124 - 349,066 Corporate common stock 154,977 67,384 - 222,361 Total equity securities 502,919 68,508 - 571,427 Total fixed maturity, preferred stock and equity securities $ 144,224,811 $ 6,880,471 $ 749,996 $ 150,355,286 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, 2018 December 31, 2017 Unrealized Number of Fair Value Loss Securities June 30, 2018 (Unaudited) Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 120,618 $ 4,435 1 States and political subdivisions 1,001,108 9,835 6 Corporate bonds 52,118,833 1,413,515 192 Foreign bonds 14,660,347 480,116 50 Total less than 12 months 67,900,906 1,907,901 249 More than 12 months U.S. government and U.S. government agencies 1,456,702 98,292 5 States and political subdivisions 515,250 31,307 4 Corporate bonds 3,827,555 409,329 18 Foreign bonds 507,826 61,242 3 Total more than 12 months 6,307,333 600,170 30 Total fixed maturity securities in an unrealized loss position 74,208,239 2,508,071 279 Preferred stock, less than 12 months in an unrealized loss position 47,800 2,200 1 Equity securities Less than 12 months Mutual funds 80,090 11,892 1 Total less than 12 months 80,090 11,892 1 Total equity securities in an unrealized loss position 80,090 11,892 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 74,336,129 $ 2,522,163 281 December 31, 2017 Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 326,163 $ 3,897 2 States and political subdivisions 608,342 6,889 3 Corporate bonds 5,995,898 130,337 23 Foreign bonds 2,061,178 98,520 7 Total less than 12 months 8,991,581 239,643 35 More than 12 months U.S. government and U.S. government agencies 1,338,617 61,444 5 States and political subdivisions 579,008 13,259 4 Corporate bonds 5,139,898 361,219 20 Foreign bonds 501,875 74,431 3 Total more than 12 months 7,559,398 510,353 32 Total fixed maturity securities in an unrealized loss position $ 16,550,979 $ 749,996 67 As of June 30, 2018, 279 $2,508,071, $74,208,239 $76,716,310. June 30, 2018. 279 97%. As of December 31, 2017, 67 $749,996, $16,550,979 $17,300,975. December 31, 2017. 67 96%. As of June 30, 2018, one $2,200, $47,800 $50,000. 96%. As of June 30, 2018, one $11,892, $80,090 $91,982. 87%. As of December 31, 2017, no Fixed maturity securities were 94% 93% June 30, 2018 December 31, 2017, 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 no three six June 30, 2018 December 31, 2017. Management believes that the Company will fully recover its cost basis in the securities held as of June 30, 2018, 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, 2018 December 31, 2017, (Unaudited) June 30, 2018 December 31, 2017 Unrealized appreciation (depreciation) on available-for-sale securities $ (791,322 ) $ 6,130,475 Adjustment to deferred acquisition costs 14,051 (103,955 ) Deferred income taxes 163,226 (1,265,569 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (614,045 ) $ 4,760,951 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $58,904,792 $55,814,583 June 30, 2018 December 31, 2017, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of June 30, 2018, June 30, 2018 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 5,989,076 $ 6,029,453 $ 8,353,077 $ 8,466,758 Due after one year through five years 31,631,572 31,892,998 24,494,875 26,511,324 Due after five years through ten years 42,904,163 42,264,931 16,992,187 20,528,993 Due after ten years 64,968,967 64,482,414 9,064,653 13,927,201 Due at multiple maturity dates 25,849 59,434 - - $ 145,519,627 $ 144,729,230 $ 58,904,792 $ 69,434,276 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, investment real estate and other long-term investments for the three six June 30, 2018 2017 Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 5,909,141 $ 8,154,018 $ 15,000 $ - $ 54,853 $ 82,917 Gross realized gains 74,419 356,147 1 - - 3,563 Gross realized losses (33,772 ) (329,229 ) - - (1,322 ) (1,668 ) Loss on other-than- temporary impairment - (224,250 ) - - - - Three Months Ended June 30, (Unaudited) Other Long-Term Investments 2018 2017 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 Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 8,488,932 $ 12,603,249 $ 15,412 $ - $ 54,853 $ 190,084 Gross realized gains 80,520 527,252 107 - - 6,050 Gross realized losses (41,043 ) (336,315 ) - - (1,322 ) (1,668 ) Loss on other-than- temporary impairment - (224,250 ) - - - - Six Months Ended June 30, (Unaudited) Other Long-Term Investments 2018 2017 Proceeds $ - $ 792,012 Gross realized gains - 62,275 Gross realized losses - - Loss on other-than- temporary impairment - - The accumulated change in unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale and equity securities for the three six June 30, 2018 2017 three six June 30, 2018 2017 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2018 2017 2018 2017 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (2,475,749 ) $ 2,673,801 $ (6,851,589 ) $ 3,734,842 Preferred stock 2,080 - (1,700 ) 5,578 Equity securities - 714 - 13,160 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 40,647 26,918 39,477 190,937 Equity securities, sale of securities 1 - 107 - Equity securities, changes in fair value 9,930 - (13,790 ) - Investment real estate (1,322 ) 1,895 (1,322 ) 4,382 Other long-term investments - 62,275 - 62,275 Major categories of net investment income for the three six June 30, 2018 2017 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2018 2017 2018 2017 Fixed maturity securities $ 1,669,950 $ 1,665,525 $ 3,300,424 $ 3,155,895 Preferred stock and equity securities 28,034 5,086 33,117 10,158 Other long-term investments 1,009,007 882,009 1,979,063 1,739,479 Mortgage loans 2,887,505 2,002,184 5,375,918 3,669,578 Policy loans 30,342 28,453 59,425 56,017 Real estate 94,003 93,712 188,006 187,423 Short-term and other investments 25,939 (12,749 ) 67,681 97,537 Gross investment income 5,744,780 4,664,220 11,003,634 8,916,087 Investment expenses (706,639 ) (669,156 ) (1,281,251 ) (1,251,152 ) Net investment income $ 5,038,141 $ 3,995,064 $ 9,722,383 $ 7,664,935 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, 2018 December 31, 2017, $4,338,465 $4,308,853, June 30, 2018 December 31, 2017, $4,265,608 $4,307,439, The Company’s mortgage loans by property type as of June 30, 2018 December 31, 2017 (Unaudited) June 30, 2018 December 31, 2017 Commercial, industrial and hotel mortgage loans Retail stores $ 4,114,758 $ 1,227,894 Office buildings 1,782,430 137,703 Industrial 1,540,193 430,613 Hotel 113,480 - Total commercial, industrial and hotel mortgage loans 7,550,861 1,796,210 Residential mortgage loans 112,473,055 100,700,241 Total mortgage loans $ 120,023,916 $ 102,496,451 There were 10 $811,631 90 June 30, 2018. 23 $3,094,155 90 December 31, 2017. There were no June 30, 2018 December 31, 2017. The Company’s investment real estate as of June 30, 2018 December 31, 2017 (Unaudited) June 30, 2018 December 31, 2017 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 (1,267,927 ) (1,195,183 ) Buildings net of accumulated depreciation 999,630 1,072,374 Residential real estate - held for sale 674,513 352,277 Total residential real estate 674,513 352,277 Investment real estate, net of accumulated depreciation $ 2,632,458 $ 2,382,966 TLIC owns approximately six one 20,000 one fourth one four three one During 2018 $378,411 2018, $56,175. $1,322 $54,853. During 2017, $185,702. $4,382 $190,084.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
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, preferred stock and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three 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, 2018 December 31, 2017 Level 1 Level 2 Level 3 Total June 30, 2018 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,887,693 $ - $ 2,887,693 States and political subdivisions - 9,491,718 - 9,491,718 Residential mortgage-backed securities - 59,434 - 59,434 Corporate bonds - 110,027,357 - 110,027,357 Asset-backed - 253,790 - 253,790 Foreign bonds - 22,009,238 - 22,009,238 Total fixed maturity securities $ - $ 144,729,230 $ - $ 144,729,230 Preferred stock, available-for-sale $ 99,020 $ - $ - $ 99,020 Equity securities Mutual funds $ - $ 338,299 $ - $ 338,299 Corporate common stock 159,782 - 70,127 229,909 Total equity securities $ 159,782 $ 338,299 $ 70,127 $ 568,208 December 31, 2017 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,973,067 $ - $ 2,973,067 States and political subdivisions - 9,685,687 - 9,685,687 Residential mortgage-backed securities - 71,309 - 71,309 Corporate bonds - 114,097,008 - 114,097,008 Foreign bonds - 22,856,068 - 22,856,068 Total fixed maturity securities $ - $ 149,683,139 $ - $ 149,683,139 Preferred stock, available-for-sale $ 100,720 $ - $ - $ 100,720 Equity securities Mutual funds $ - $ 349,066 $ - $ 349,066 Corporate common stock 160,861 - 61,500 222,361 Total equity securities $ 160,861 $ 349,066 $ 61,500 $ 571,427 As of June 30, 2018 December 31, 2017, 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 until such time as these small insurance holding companies commence significant operations. The joint venture investment with a mortgage loan originator is accounted for under the equity method of accounting. 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 preferred stock is included in Level 1 1 2 3. 1 2 not The Company’s fixed maturity and preferred stock available-for-sale and equity securities 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, 2018 December 31, 2017, Financial Instruments Disclosed, But Not Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2018 (Unaudited) Financial assets Mortgage loans on real estate Commercial and Industrial $ 7,550,861 $ 7,890,347 $ - $ - $ 7,890,347 Residential 112,473,055 108,783,119 - - 108,783,119 Policy loans 1,683,744 1,683,744 - - 1,683,744 Short-term investments 685,898 685,898 685,898 - - Other long-term investments 58,904,792 69,434,276 - - 69,434,276 Cash and cash equivalents 16,585,991 16,585,991 16,585,991 - - Accrued investment income 2,707,701 2,707,701 - - 2,707,701 Total financial assets $ 200,592,042 $ 207,771,076 $ 17,271,889 $ - $ 190,499,187 Financial liabilities Policyholders' account balances $ 294,488,224 $ 242,615,184 $ - $ - $ 242,615,184 Policy claims 1,187,074 1,187,074 - - 1,187,074 Total financial liabilities $ 295,675,298 $ 243,802,258 $ - $ - $ 243,802,258 December 31, 2017 Financial assets Mortgage loans on real estate Commercial and Industrial $ 1,796,210 $ 1,783,385 $ - $ - $ 1,783,385 Residential 100,700,241 102,192,001 - - 102,192,001 Policy loans 1,660,175 1,660,175 - - 1,660,175 Short-term investments 547,969 547,969 547,969 - - Other long-term investments 55,814,583 68,298,585 - - 68,298,585 Cash and cash equivalents 31,496,159 31,496,159 31,496,159 - - Accrued investment income 2,544,963 2,544,963 - - 2,544,963 Total financial assets $ 194,560,300 $ 208,523,237 $ 32,044,128 $ - $ 176,479,109 Financial liabilities Policyholders' account balances $ 292,909,762 $ 243,234,637 $ - $ - $ 243,234,637 Policy claims 1,148,513 1,148,513 - - 1,148,513 Total financial liabilities $ 294,058,275 $ 244,383,150 $ - $ - $ 244,383,150 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: 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 and industrial mortgage loans, the discount rate used was assumed to be the interest rate on the last commercial and industrial mortgage acquired by the Company. Cash and Cash Equivalents, Short-Term Investments, Accrued Investment Income and Policy Loans The carrying value of these financial instruments approximates their fair values. Cash and cash equivalents and short-term investments 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, 2018
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, 2018 December 31, 2017 three six June 30, 2018 2017 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2018 2017 2018 2017 Revenues: Life insurance operations $ 5,362,692 $ 4,413,296 $ 10,538,864 $ 8,597,949 Annuity operations 4,423,642 3,285,595 8,301,779 6,474,566 Corporate operations 132,441 60,591 245,552 194,926 Total $ 9,918,775 $ 7,759,482 $ 19,086,195 $ 15,267,441 Income before income taxes: Life insurance operations $ 128,003 $ 436,176 $ 299,522 $ 554,026 Annuity operations 1,533,032 186,941 2,490,421 347,356 Corporate operations 113,567 65,957 196,106 137,209 Total $ 1,774,602 $ 689,074 $ 2,986,049 $ 1,038,591 Depreciation and amortization expense: Life insurance operations $ 1,522,057 $ 556,637 $ 2,214,447 $ 970,921 Annuity operations (224,142 ) 343,108 46,364 763,156 Total $ 1,297,915 $ 899,745 $ 2,260,811 $ 1,734,077 (Unaudited) Assets: June 30, 2018 December 31, 2017 Life insurance operations $ 61,480,891 $ 56,780,793 Annuity operations 336,134,175 328,727,443 Corporate operations 5,685,058 5,619,438 Total $ 403,300,124 $ 391,127,674

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	6 Months Ended
	Jun. 30, 2018
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 2014 2017

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6 . Legal Matters and Contingent Liabilities 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 the jury awarded the Company $800,000 $3,500,000 Mr. Pettigrew has appealed this decision but has failed to post an appeal bond. As a consequence, the Company and Mr. Zahn are in the process of executing on the judgments against Mr. Pettigrew’s assets. The Company and Mr. Zahn have so far collected some property and money in the execution process and will continue to execute on the judgments. Any money or property collected to date during the execution of the judgments are held in an escrow by a third not June 30, 2018 Prior to being acquired 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, November 27, 2017 December 1, 2017 two 1 95 376.360 2 3 During 2018, June 11, 2018. $1.85 95 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 - Line of Credit

Note 7 - Line of Credit	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Through June 30, 2018, $1.0 July 1, 2018. 1% 360 not 2018 2017.

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8 . Ot her Comprehensive Income (Loss) and Accumulated O ther Comprehensive Income (loss) The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three six June 30, 2018 2017 Three Months Ended June 30, 2018 and 2017 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (loss) Balance as of April 1, 2018 $ 1,329,041 $ (22,316 ) $ 1,306,725 Other comprehensive loss before reclassifications, net of tax (1,922,089 ) 33,430 (1,888,659 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 32,111 - 32,111 Other comprehensive loss (1,954,200 ) 33,430 (1,920,770 ) Balance as of June 30, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) 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 having no credit losses, 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 Six Months Ended June 30, 2018 and 2017 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (5,437,033 ) 93,224 (5,343,809 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 31,187 - 31,187 Other comprehensive loss (5,468,220 ) 93,224 (5,374,996 ) Balance as of June 30, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) 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 having no credit losses, 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 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the three six June 30, 2018 2017 Three Months Ended June 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (2,433,022 ) $ (510,933 ) $ (1,922,089 ) Reclassification adjustment for net gains included in operations having no credit losses 40,647 8,536 32,111 Net unrealized losses on investments (2,473,669 ) (519,469 ) (1,954,200 ) Adjustment to deferred acquisition costs 42,316 8,886 33,430 Total other comprehensive loss $ (2,431,353 ) $ (510,583 ) $ (1,920,770 ) Three Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,477,183 $ 495,436 $ 1,981,747 Reclassification adjustment for net losses included in operations having no credit losses (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 Six Months Ended June 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized loss on available-for-sale securities: Unrealized holding losses arising during the period $ (6,882,320 ) $ (1,445,287 ) $ (5,437,033 ) Reclassification adjustment for net gains included in operations having no credit losses 39,477 8,290 31,187 Net unrealized losses on investments (6,921,797 ) (1,453,577 ) (5,468,220 ) Adjustment to deferred acquisition costs 118,006 24,782 93,224 Total other comprehensive loss $ (6,803,791 ) $ (1,428,795 ) $ (5,374,996 ) Six Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) 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 having no credit losses (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 Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statement of operations for the three six June 30, 2018 2017 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) Reclassification Adjustments 2018 2017 2018 2017 Unrealized gains on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 40,647 $ (197,332 ) $ 39,477 $ (33,313 ) Income tax expense (benefit) (b) 8,536 (39,467 ) 8,290 (6,663 ) Total reclassification adjustments $ 32,111 $ (157,865 ) $ 31,187 $ (26,650 ) (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 9 - Allowance for Loan Los

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Premiums Receivable Note [Text Block]	9 . Allowance for Loan Losses from Mortgage Loans on Real Estate The allowance for possible loan losses from investments in mortgage loans on real estate 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 mortgage loan portfolio. The allowance, in the judgment of the Company, is necessary to reserve for estimated loan losses inherent in the mortgage loan portfolio and reduces the carrying value of investments in mortgage loans on real estate 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 mortgage loan portfolio, the economy and changes in interest rates. The Company’s allowance for possible mortgage loan consists of specific valuation allowances established for probable losses on specific loans and a portfolio reserve for probable incurred but not Mortgage 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 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 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 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. First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2018 (Unaudited) 9 . Allowance for Loan Losses from Mortgage Loans on Real Estate As of June 30, 2018, $599,645 third June 30, 2018, $409,546 $4,863,235 June 30, 2018 $190,099 $38,019,842 $410,296 $82,004,074 June 30, 2018. As of December 31, 2017, $564,479 third December 31, 2017, $394,978 $4,925,259 December 31, 2017 $169,501 $33,900,260 $342,815 $68,596,191 December 31, 2017. The balances of and changes in the Company’s credit losses related to mortgage loans on real estate as of and for the three six June 30, 2018 2017 $38,019,842 $31,407,826 June 30, 2018 2017, one third Unaudited Three Months Ended June 30, Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 370,771 $ 280,284 $ 13,247 $ 6,197 $ 384,018 $ 286,481 Charge offs - - - - - - Recoveries - - - - - - Provision 1,581 55,896 24,697 3,081 26,278 58,977 Allowance, ending $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 74,453,213 $ 67,082,982 $ 7,550,861 $ 1,846,251 $ 82,004,074 $ 68,929,233 First Trinity Financial Corporation and Subsidiaries Notes to Consolidated Financial Statements June 30, 2018 (Unaudited) 9 . Allowance for Loan Losses from Mortgage Loans on Real Estate (Unaudited) Six Months Ended June 30, Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 333,789 $ 238,121 $ 9,026 $ 6,306 $ 342,815 $ 244,427 Charge offs - - - - - - Recoveries - - - - - - Provision 38,563 98,059 28,918 2,972 67,481 101,031 Allowance, ending $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 74,453,213 $ 67,082,982 $ 7,550,861 $ 1,846,251 $ 82,004,074 $ 68,929,233 The Company utilizes the ratio of the carrying value of individual 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, 2018 December 31, 2017 Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Over 70% to 80% $ 22,581,510 $ 19,515,632 $ 592,309 $ - $ 23,173,819 $ 19,515,632 Over 60% to 70% 39,405,118 36,192,035 1,415,373 - 40,820,491 36,192,035 Over 50% to 60% 25,704,386 25,121,248 1,157,295 835,093 26,861,681 25,956,341 Over 40% to 50% 14,335,326 12,923,381 1,468,081 - 15,803,407 12,923,381 Over 30% to 40% 5,028,788 4,303,273 2,068,546 658,296 7,097,334 4,961,569 Over 20% to 30% 2,894,209 1,867,670 708,133 159,671 3,602,342 2,027,341 Over 10% to 20% 2,079,040 727,245 141,124 143,150 2,220,164 870,395 10% or less 444,678 49,757 - - 444,678 49,757 Total $ 112,473,055 $ 100,700,241 $ 7,550,861 $ 1,796,210 $ 120,023,916 $ 102,496,451

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
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, 2018 not December 31, 2018 not 10 December 31, 2017.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts and operations of the Company and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made in the prior year and prior quarter financial statements to conform to current year and current quarter classifications. These reclassifications had no
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, 2018
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, not 1 2 3 4 5 July 2015, one March 31, 2018. not 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 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 may December 15, 2018. July 2018, 2018 11 840, 840 840. 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 Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments In November 2016, The updated guidance is effective for annual and interim periods beginning after 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, 2019, January 1, 2017. not Compensation — Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In March 2017, one The updated guidance is effective for reporting periods beginning after December 15, 2017. first not not no Compensation — Stock Compensation: Scope of Modification Accounting In May 2017, The updated guidance is effective for the quarter ending March 31, 2018. not not Target Improvement to Accounting for Hedging Activities In August 2017, The updated guidance is effective for reporting periods beginning after December 15, 2018. December 15, 2018. not not no Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On February 14, 2018, 2017. 2017 December 15, 2018 2017 The Company adopted the updated guidance effective December 31, 2017. not

Supplemental Disclosure - Cas20

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2018
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 $ - Six Months Ended June 30, 2018 Reductions in mortgage loans due to foreclosure $ 378,411 Investment real estate held-for-sale acquired through foreclosure (378,411 ) Net cash provided (used) in investing activities $ -

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 2,966,177 $ 24,243 $ 102,727 $ 2,887,693 States and political subdivisions 9,332,714 200,146 41,142 9,491,718 Residential mortgage-backed securities 25,849 33,585 - 59,434 Corporate bonds 110,610,723 1,239,478 1,822,844 110,027,357 Asset-backed 253,753 37 - 253,790 Foreign bonds 22,330,411 220,185 541,358 22,009,238 Total fixed maturity securities 145,519,627 1,717,674 2,508,071 144,729,230 Preferred stock 99,945 1,275 2,200 99,020 Equity securities Mutual funds 350,191 - 11,892 338,299 Corporate common stock 163,299 66,610 - 229,909 Total equity securities 513,490 66,610 11,892 568,208 Total fixed maturity, preferred stock and equity securities $ 146,133,062 $ 1,785,559 $ 2,522,163 $ 145,396,458 December 31, 2017 Fixed maturity securities U.S. government and U.S. government agencies $ 2,989,688 $ 48,720 $ 65,341 $ 2,973,067 States and political subdivisions 9,368,393 337,442 20,148 9,685,687 Residential mortgage-backed securities 29,573 41,736 - 71,309 Corporate bonds 109,340,273 5,248,291 491,556 114,097,008 Foreign bonds 21,894,020 1,134,999 172,951 22,856,068 Total fixed maturity securities 143,621,947 6,811,188 749,996 149,683,139 Preferred stock 99,945 775 - 100,720 Equity securities Mutual funds 347,942 1,124 - 349,066 Corporate common stock 154,977 67,384 - 222,361 Total equity securities 502,919 68,508 - 571,427 Total fixed maturity, preferred stock and equity securities $ 144,224,811 $ 6,880,471 $ 749,996 $ 150,355,286
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities June 30, 2018 (Unaudited) Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 120,618 $ 4,435 1 States and political subdivisions 1,001,108 9,835 6 Corporate bonds 52,118,833 1,413,515 192 Foreign bonds 14,660,347 480,116 50 Total less than 12 months 67,900,906 1,907,901 249 More than 12 months U.S. government and U.S. government agencies 1,456,702 98,292 5 States and political subdivisions 515,250 31,307 4 Corporate bonds 3,827,555 409,329 18 Foreign bonds 507,826 61,242 3 Total more than 12 months 6,307,333 600,170 30 Total fixed maturity securities in an unrealized loss position 74,208,239 2,508,071 279 Preferred stock, less than 12 months in an unrealized loss position 47,800 2,200 1 Equity securities Less than 12 months Mutual funds 80,090 11,892 1 Total less than 12 months 80,090 11,892 1 Total equity securities in an unrealized loss position 80,090 11,892 1 Total fixed maturity, preferred stock and equity securities in an unrealized loss position $ 74,336,129 $ 2,522,163 281 December 31, 2017 Fixed maturity securities Less than 12 months U.S. government and U.S. government agencies $ 326,163 $ 3,897 2 States and political subdivisions 608,342 6,889 3 Corporate bonds 5,995,898 130,337 23 Foreign bonds 2,061,178 98,520 7 Total less than 12 months 8,991,581 239,643 35 More than 12 months U.S. government and U.S. government agencies 1,338,617 61,444 5 States and political subdivisions 579,008 13,259 4 Corporate bonds 5,139,898 361,219 20 Foreign bonds 501,875 74,431 3 Total more than 12 months 7,559,398 510,353 32 Total fixed maturity securities in an unrealized loss position $ 16,550,979 $ 749,996 67
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) June 30, 2018 December 31, 2017 Unrealized appreciation (depreciation) on available-for-sale securities $ (791,322 ) $ 6,130,475 Adjustment to deferred acquisition costs 14,051 (103,955 ) Deferred income taxes 163,226 (1,265,569 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (614,045 ) $ 4,760,951
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 5,909,141 $ 8,154,018 $ 15,000 $ - $ 54,853 $ 82,917 Gross realized gains 74,419 356,147 1 - - 3,563 Gross realized losses (33,772 ) (329,229 ) - - (1,322 ) (1,668 ) Loss on other-than- temporary impairment - (224,250 ) - - - - Three Months Ended June 30, (Unaudited) Other Long-Term Investments 2018 2017 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 Investment Real Estate 2018 2017 2018 2017 2018 2017 Proceeds $ 8,488,932 $ 12,603,249 $ 15,412 $ - $ 54,853 $ 190,084 Gross realized gains 80,520 527,252 107 - - 6,050 Gross realized losses (41,043 ) (336,315 ) - - (1,322 ) (1,668 ) Loss on other-than- temporary impairment - (224,250 ) - - - - Six Months Ended June 30, (Unaudited) Other Long-Term Investments 2018 2017 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) 2018 2017 2018 2017 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (2,475,749 ) $ 2,673,801 $ (6,851,589 ) $ 3,734,842 Preferred stock 2,080 - (1,700 ) 5,578 Equity securities - 714 - 13,160 Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 40,647 26,918 39,477 190,937 Equity securities, sale of securities 1 - 107 - Equity securities, changes in fair value 9,930 - (13,790 ) - Investment real estate (1,322 ) 1,895 (1,322 ) 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) 2018 2017 2018 2017 Fixed maturity securities $ 1,669,950 $ 1,665,525 $ 3,300,424 $ 3,155,895 Preferred stock and equity securities 28,034 5,086 33,117 10,158 Other long-term investments 1,009,007 882,009 1,979,063 1,739,479 Mortgage loans 2,887,505 2,002,184 5,375,918 3,669,578 Policy loans 30,342 28,453 59,425 56,017 Real estate 94,003 93,712 188,006 187,423 Short-term and other investments 25,939 (12,749 ) 67,681 97,537 Gross investment income 5,744,780 4,664,220 11,003,634 8,916,087 Investment expenses (706,639 ) (669,156 ) (1,281,251 ) (1,251,152 ) Net investment income $ 5,038,141 $ 3,995,064 $ 9,722,383 $ 7,664,935
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) June 30, 2018 December 31, 2017 Commercial, industrial and hotel mortgage loans Retail stores $ 4,114,758 $ 1,227,894 Office buildings 1,782,430 137,703 Industrial 1,540,193 430,613 Hotel 113,480 - Total commercial, industrial and hotel mortgage loans 7,550,861 1,796,210 Residential mortgage loans 112,473,055 100,700,241 Total mortgage loans $ 120,023,916 $ 102,496,451
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) June 30, 2018 December 31, 2017 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 (1,267,927 ) (1,195,183 ) Buildings net of accumulated depreciation 999,630 1,072,374 Residential real estate - held for sale 674,513 352,277 Total residential real estate 674,513 352,277 Investment real estate, net of accumulated depreciation $ 2,632,458 $ 2,382,966
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	June 30, 2018 (Unaudited) Fixed Maturity Available-For-Sale Securities Other Long-Term Investments Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 5,989,076 $ 6,029,453 $ 8,353,077 $ 8,466,758 Due after one year through five years 31,631,572 31,892,998 24,494,875 26,511,324 Due after five years through ten years 42,904,163 42,264,931 16,992,187 20,528,993 Due after ten years 64,968,967 64,482,414 9,064,653 13,927,201 Due at multiple maturity dates 25,849 59,434 - - $ 145,519,627 $ 144,729,230 $ 58,904,792 $ 69,434,276

Note 3 - Fair Value Measureme22

Note 3 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total June 30, 2018 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,887,693 $ - $ 2,887,693 States and political subdivisions - 9,491,718 - 9,491,718 Residential mortgage-backed securities - 59,434 - 59,434 Corporate bonds - 110,027,357 - 110,027,357 Asset-backed - 253,790 - 253,790 Foreign bonds - 22,009,238 - 22,009,238 Total fixed maturity securities $ - $ 144,729,230 $ - $ 144,729,230 Preferred stock, available-for-sale $ 99,020 $ - $ - $ 99,020 Equity securities Mutual funds $ - $ 338,299 $ - $ 338,299 Corporate common stock 159,782 - 70,127 229,909 Total equity securities $ 159,782 $ 338,299 $ 70,127 $ 568,208 December 31, 2017 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 2,973,067 $ - $ 2,973,067 States and political subdivisions - 9,685,687 - 9,685,687 Residential mortgage-backed securities - 71,309 - 71,309 Corporate bonds - 114,097,008 - 114,097,008 Foreign bonds - 22,856,068 - 22,856,068 Total fixed maturity securities $ - $ 149,683,139 $ - $ 149,683,139 Preferred stock, available-for-sale $ 100,720 $ - $ - $ 100,720 Equity securities Mutual funds $ - $ 349,066 $ - $ 349,066 Corporate common stock 160,861 - 61,500 222,361 Total equity securities $ 160,861 $ 349,066 $ 61,500 $ 571,427
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2018 (Unaudited) Financial assets Mortgage loans on real estate Commercial and Industrial $ 7,550,861 $ 7,890,347 $ - $ - $ 7,890,347 Residential 112,473,055 108,783,119 - - 108,783,119 Policy loans 1,683,744 1,683,744 - - 1,683,744 Short-term investments 685,898 685,898 685,898 - - Other long-term investments 58,904,792 69,434,276 - - 69,434,276 Cash and cash equivalents 16,585,991 16,585,991 16,585,991 - - Accrued investment income 2,707,701 2,707,701 - - 2,707,701 Total financial assets $ 200,592,042 $ 207,771,076 $ 17,271,889 $ - $ 190,499,187 Financial liabilities Policyholders' account balances $ 294,488,224 $ 242,615,184 $ - $ - $ 242,615,184 Policy claims 1,187,074 1,187,074 - - 1,187,074 Total financial liabilities $ 295,675,298 $ 243,802,258 $ - $ - $ 243,802,258 December 31, 2017 Financial assets Mortgage loans on real estate Commercial and Industrial $ 1,796,210 $ 1,783,385 $ - $ - $ 1,783,385 Residential 100,700,241 102,192,001 - - 102,192,001 Policy loans 1,660,175 1,660,175 - - 1,660,175 Short-term investments 547,969 547,969 547,969 - - Other long-term investments 55,814,583 68,298,585 - - 68,298,585 Cash and cash equivalents 31,496,159 31,496,159 31,496,159 - - Accrued investment income 2,544,963 2,544,963 - - 2,544,963 Total financial assets $ 194,560,300 $ 208,523,237 $ 32,044,128 $ - $ 176,479,109 Financial liabilities Policyholders' account balances $ 292,909,762 $ 243,234,637 $ - $ - $ 243,234,637 Policy claims 1,148,513 1,148,513 - - 1,148,513 Total financial liabilities $ 294,058,275 $ 244,383,150 $ - $ - $ 244,383,150

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2018 2017 2018 2017 Revenues: Life insurance operations $ 5,362,692 $ 4,413,296 $ 10,538,864 $ 8,597,949 Annuity operations 4,423,642 3,285,595 8,301,779 6,474,566 Corporate operations 132,441 60,591 245,552 194,926 Total $ 9,918,775 $ 7,759,482 $ 19,086,195 $ 15,267,441 Income before income taxes: Life insurance operations $ 128,003 $ 436,176 $ 299,522 $ 554,026 Annuity operations 1,533,032 186,941 2,490,421 347,356 Corporate operations 113,567 65,957 196,106 137,209 Total $ 1,774,602 $ 689,074 $ 2,986,049 $ 1,038,591 Depreciation and amortization expense: Life insurance operations $ 1,522,057 $ 556,637 $ 2,214,447 $ 970,921 Annuity operations (224,142 ) 343,108 46,364 763,156 Total $ 1,297,915 $ 899,745 $ 2,260,811 $ 1,734,077
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) Assets: June 30, 2018 December 31, 2017 Life insurance operations $ 61,480,891 $ 56,780,793 Annuity operations 336,134,175 328,727,443 Corporate operations 5,685,058 5,619,438 Total $ 403,300,124 $ 391,127,674

Note 8 - Other Comprehensive 24

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2018 and 2017 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (loss) Balance as of April 1, 2018 $ 1,329,041 $ (22,316 ) $ 1,306,725 Other comprehensive loss before reclassifications, net of tax (1,922,089 ) 33,430 (1,888,659 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 32,111 - 32,111 Other comprehensive loss (1,954,200 ) 33,430 (1,920,770 ) Balance as of June 30, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) 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 having no credit losses, 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 Six Months Ended June 30, 2018 and 2017 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2018 $ 4,843,061 $ (82,110 ) $ 4,760,951 Other comprehensive loss before reclassifications, net of tax (5,437,033 ) 93,224 (5,343,809 ) Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax 31,187 - 31,187 Other comprehensive loss (5,468,220 ) 93,224 (5,374,996 ) Balance as of June 30, 2018 $ (625,159 ) $ 11,114 $ (614,045 ) 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 having no credit losses, 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
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (2,433,022 ) $ (510,933 ) $ (1,922,089 ) Reclassification adjustment for net gains included in operations having no credit losses 40,647 8,536 32,111 Net unrealized losses on investments (2,473,669 ) (519,469 ) (1,954,200 ) Adjustment to deferred acquisition costs 42,316 8,886 33,430 Total other comprehensive loss $ (2,431,353 ) $ (510,583 ) $ (1,920,770 ) Three Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 2,477,183 $ 495,436 $ 1,981,747 Reclassification adjustment for net losses included in operations having no credit losses (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 Six Months Ended June 30, 2018 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized loss on available-for-sale securities: Unrealized holding losses arising during the period $ (6,882,320 ) $ (1,445,287 ) $ (5,437,033 ) Reclassification adjustment for net gains included in operations having no credit losses 39,477 8,290 31,187 Net unrealized losses on investments (6,921,797 ) (1,453,577 ) (5,468,220 ) Adjustment to deferred acquisition costs 118,006 24,782 93,224 Total other comprehensive loss $ (6,803,791 ) $ (1,428,795 ) $ (5,374,996 ) Six Months Ended June 30, 2017 (Unaudited) Income Tax Pretax Expense (Benefit) 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 having no credit losses (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
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 2018 2017 2018 2017 Unrealized gains on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ 40,647 $ (197,332 ) $ 39,477 $ (33,313 ) Income tax expense (benefit) (b) 8,536 (39,467 ) 8,290 (6,663 ) Total reclassification adjustments $ 32,111 $ (157,865 ) $ 31,187 $ (26,650 )

Note 9 - Allowance for Loan L25

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Unaudited Three Months Ended June 30, Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 370,771 $ 280,284 $ 13,247 $ 6,197 $ 384,018 $ 286,481 Charge offs - - - - - - Recoveries - - - - - - Provision 1,581 55,896 24,697 3,081 26,278 58,977 Allowance, ending $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 74,453,213 $ 67,082,982 $ 7,550,861 $ 1,846,251 $ 82,004,074 $ 68,929,233 (Unaudited) Six Months Ended June 30, Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total 2018 2017 2018 2017 2018 2017 Allowance, beginning $ 333,789 $ 238,121 $ 9,026 $ 6,306 $ 342,815 $ 244,427 Charge offs - - - - - - Recoveries - - - - - - Provision 38,563 98,059 28,918 2,972 67,481 101,031 Allowance, ending $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 372,352 $ 336,180 $ 37,944 $ 9,278 $ 410,296 $ 345,458 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 74,453,213 $ 67,082,982 $ 7,550,861 $ 1,846,251 $ 82,004,074 $ 68,929,233
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial, Industrial and Hotel Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Over 70% to 80% $ 22,581,510 $ 19,515,632 $ 592,309 $ - $ 23,173,819 $ 19,515,632 Over 60% to 70% 39,405,118 36,192,035 1,415,373 - 40,820,491 36,192,035 Over 50% to 60% 25,704,386 25,121,248 1,157,295 835,093 26,861,681 25,956,341 Over 40% to 50% 14,335,326 12,923,381 1,468,081 - 15,803,407 12,923,381 Over 30% to 40% 5,028,788 4,303,273 2,068,546 658,296 7,097,334 4,961,569 Over 20% to 30% 2,894,209 1,867,670 708,133 159,671 3,602,342 2,027,341 Over 10% to 20% 2,079,040 727,245 141,124 143,150 2,220,164 870,395 10% or less 444,678 49,757 - - 444,678 49,757 Total $ 112,473,055 $ 100,700,241 $ 7,550,861 $ 1,796,210 $ 120,023,916 $ 102,496,451

Supplemental Disclosure - Cas26

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities (Details Textual) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Reduction in Available-for-sale Securities Fixed Maturity Securities		$ 729,737	$ 729,737
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411

Supplemental Disclosure - Cas27

Supplemental Disclosure - Cash and Non-cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures to Consolidated Statements of Cash Flows (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Reduction in available-for-securities fixed maturity securities		$ 729,737	$ 729,737
Other long-term invesments		(729,737)
Net cash provided (used) in investing activities		$ 0
Reductions in mortgage loans due to foreclosure	378,411
Investment real estate held-for-sale acquired through foreclosure	$ (378,411)

Note 1 - Organization and Sig28

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

Apr. 28, 2015USD ($)

Dec. 28, 2011USD ($)

Dec. 31, 2008USD ($)

Dec. 23, 2008USD ($)

Jun. 30, 2018$ / shares

Dec. 31, 2004USD ($)

Dec. 31, 2012USD ($)shares

Mar. 08, 2013USD ($)

Mar. 08, 2013USD ($)shares

Jun. 30, 2018USD ($)$ / sharesshares

Dec. 31, 2017$ / shares

Aug. 31, 2009

Proceeds from Issuance of Private Placement

$ 1,450,000

Number Of Private Placements

2

1

Proceeds from Issuance Initial Public Offering

$ 25,669,480

Number of Public Offerings

2

Common Stock Dividends, Shares | 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

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, Total

$ 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%

Business Combination, Consideration Transferred, Total

$ 13,855,129

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

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Business Combination, Consideration Transferred, Total

$ 2,695,234

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%

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)	6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)ft²a	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	281
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 2,522,163
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	74,336,129
Investment Impaired Par Value				$ 650,000
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	0	$ 224,250	$ 0	$ 207,450
Deposit Assets, Total	4,338,465		4,308,853
Other Assets, Fair Value Disclosure	$ 4,265,608		$ 4,307,439
Number Of Loans Past Due	10		23
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 811,631		$ 3,094,155
Past Due Loans, Term Past Due	90 days		90 days
Number of Mortgage Loans in Default	0		0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 378,411
Real Estate Investments, Net, Total	2,632,458		$ 2,382,966
Proceeds from Sale of Real Estate Held-for-investment, Total	54,853	$ 190,084
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	378,411
Real Estate Investments, Net, Total	56,175		185,702
Gains (Losses) on Sales of Investment Real Estate	(1,322)		4,382
Proceeds from Sale of Real Estate Held-for-investment, Total	$ 54,853		$ 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
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	279		67
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 2,508,071		$ 749,996
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	74,208,239		16,550,979
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 76,716,310		$ 17,300,975
Fair Value to Cost Ratio	97.00%		96.00%
Fixed Maturity Securities, Investment Grade Percentage	94.00%		93.00%
Preferred Stock [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 2,200
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	47,800
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 50,000
Fair Value to Cost Ratio	96.00%
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total	1		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 11,892
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	80,090
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost	$ 91,982
Fair Value to Cost Ratio	87.00%
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 58,904,792		$ 55,814,583

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Securities, amortized cost	$ 146,133,062	$ 144,224,811
Securities, gross unrealized gains	1,785,559	6,880,471
Securities, gross unrealized losses	2,522,163	749,996
Available-for-sale securities	145,396,458	150,355,286
Securities, gross unrealized gains	1,785,559	6,880,471
US Treasury and Government [Member]
Securities, amortized cost	2,966,177	2,989,688
Securities, gross unrealized gains	24,243	48,720
Securities, gross unrealized losses	102,727	65,341
Available-for-sale securities	2,887,693	2,973,067
Securities, gross unrealized gains	24,243	48,720
US States and Political Subdivisions Debt Securities [Member]
Securities, amortized cost	9,332,714	9,368,393
Securities, gross unrealized gains	200,146	337,442
Securities, gross unrealized losses	41,142	20,148
Available-for-sale securities	9,491,718	9,685,687
Securities, gross unrealized gains	200,146	337,442
Residential Mortgage Backed Securities [Member]
Securities, amortized cost	25,849	29,573
Securities, gross unrealized gains	33,585	41,736
Securities, gross unrealized losses
Available-for-sale securities	59,434	71,309
Securities, gross unrealized gains	33,585	41,736
Corporate Debt Securities [Member]
Securities, amortized cost	110,610,723	109,340,273
Securities, gross unrealized gains	1,239,478	5,248,291
Securities, gross unrealized losses	1,822,844	491,556
Available-for-sale securities	110,027,357	114,097,008
Securities, gross unrealized gains	1,239,478	5,248,291
Debt Security, Government, Non-US [Member]
Securities, amortized cost	22,330,411	21,894,020
Securities, gross unrealized gains	220,185	1,134,999
Securities, gross unrealized losses	541,358	172,951
Available-for-sale securities	22,009,238	22,856,068
Securities, gross unrealized gains	220,185	1,134,999
Debt Securities [Member]
Securities, amortized cost	145,519,627	143,621,947
Securities, gross unrealized gains	1,717,674	6,811,188
Securities, gross unrealized losses	2,508,071	749,996
Available-for-sale securities	144,729,230	149,683,139
Securities, gross unrealized gains	1,717,674	6,811,188
Preferred Stock [Member]
Securities, amortized cost	99,945	99,945
Securities, gross unrealized gains	1,275	775
Securities, gross unrealized losses	2,200
Available-for-sale securities	99,020	100,720
Securities, gross unrealized gains	1,275	775
Asset-backed Securities [Member]
Securities, amortized cost	253,753
Securities, gross unrealized gains	37
Securities, gross unrealized losses
Available-for-sale securities	253,790
Securities, gross unrealized gains	37
Mutual Fund [Member]
Securities, amortized cost	350,191	347,942
Securities, gross unrealized gains		1,124
Securities, gross unrealized losses	11,892
Available-for-sale securities	338,299	349,066
Securities, gross unrealized gains		1,124
Common Stock [Member]
Securities, amortized cost	163,299	154,977
Securities, gross unrealized gains	66,610	67,384
Securities, gross unrealized losses
Available-for-sale securities	229,909	222,361
Securities, gross unrealized gains	66,610	67,384
Equity Securities [Member]
Securities, amortized cost	513,490	502,919
Securities, gross unrealized gains	66,610	68,508
Securities, gross unrealized losses	11,892
Available-for-sale securities	568,208	571,427
Securities, gross unrealized gains	$ 66,610	$ 68,508

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Available-for-sale securities, continuous unrealized loss position, fair value	$ 74,336,129
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,522,163
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	281
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 120,618	$ 326,163
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 4,435	$ 3,897
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	$ 1,456,702	$ 1,338,617
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 98,292	$ 61,444
Securities in an unrealized loss position, more than twelve months, number	5	5
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 1,001,108	$ 608,342
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 9,835	$ 6,889
Securities in an unrealized loss position, less than twelve months, number	6	3
Securities in an unrealized loss position, more than twelve months, fair value	$ 515,250	$ 579,008
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 31,307	$ 13,259
Securities in an unrealized loss position, more than twelve months, number	4	4
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 52,118,833	$ 5,995,898
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,413,515	$ 130,337
Securities in an unrealized loss position, less than twelve months, number	192	23
Securities in an unrealized loss position, more than twelve months, fair value	$ 3,827,555	$ 5,139,898
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 409,329	$ 361,219
Securities in an unrealized loss position, more than twelve months, number	18	20
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 14,660,347	$ 2,061,178
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 480,116	$ 98,520
Securities in an unrealized loss position, less than twelve months, number	50	7
Securities in an unrealized loss position, more than twelve months, fair value	$ 507,826	$ 501,875
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 61,242	$ 74,431
Securities in an unrealized loss position, more than twelve months, number	3	3
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 67,900,906	$ 8,991,581
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,907,901	$ 239,643
Securities in an unrealized loss position, less than twelve months, number	249	35
Securities in an unrealized loss position, more than twelve months, fair value	$ 6,307,333	$ 7,559,398
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 600,170	$ 510,353
Securities in an unrealized loss position, more than twelve months, number	30	32
Available-for-sale securities, continuous unrealized loss position, fair value	$ 74,208,239	$ 16,550,979
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,508,071	$ 749,996
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	279	67
Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 47,800
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,200
Securities in an unrealized loss position, less than twelve months, number	1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 47,800
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 2,200
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	0
Mutual Fund [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 80,090
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 11,892
Securities in an unrealized loss position, less than twelve months, number	1
Equity Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 80,090
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 11,892
Securities in an unrealized loss position, less than twelve months, number	1
Available-for-sale securities, continuous unrealized loss position, fair value	$ 80,090
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ 11,892
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions	1	0

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Unrealized appreciation (depreciation) on available-for-sale securities	$ (791,322)	$ 6,130,475
Adjustment to deferred acquisition costs	14,051	(103,955)
Deferred income taxes	163,226	(1,265,569)
Net unrealized appreciation (depreciation) on available-for-sale securities	$ (614,045)	$ 4,760,951

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fixed maturity available-for-sale securities - amortized cost	$ 145,519,627	$ 143,621,947
Fixed maturity available-for-sale securities - fair value	144,729,230	$ 149,683,139
Fixed Maturities [Member]
Due in one year or less - amortized cost	5,989,076
Due in one year or less - fair value	6,029,453
Due in one year through five years - amortized cost	31,631,572
Due after one year through five years	31,892,998
Due after five years through ten years - amortized cost	42,904,163
Due after five years through ten years - fair value	42,264,931
Due after ten years - amortized cost	64,968,967
Due after ten years - fair value	64,482,414
Due at multiple maturity dates - amortized cost	25,849
Due at multiple maturity dates - fair value	59,434
Fixed maturity available-for-sale securities - amortized cost	145,519,627
Fixed maturity available-for-sale securities - fair value	144,729,230
Other Long-term Investments [Member]
Due in one year or less - amortized cost	8,353,077
Due in one year or less - fair value	8,466,758
Due in one year through five years - amortized cost	24,494,875
Due after one year through five years	26,511,324
Due after five years through ten years - amortized cost	16,992,187
Due after five years through ten years - fair value	20,528,993
Due after ten years - amortized cost	9,064,653
Due after ten years - fair value	13,927,201
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	58,904,792
Fixed maturity available-for-sale securities - fair value	$ 69,434,276

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 5,909,141	$ 8,154,018	$ 8,488,932	$ 12,603,249
Gross realized gains on sale of investments	74,419	356,147	80,520	527,252
Gross realized losses on sale of investments	(33,772)	(329,229)	(41,043)	(336,315)
Loss on other-than- temporary impairment		(224,250)		(224,250)
Other Long-term Investments [Member]
Proceeds from sale, maturity, or collection of investments		792,012		792,012
Gross realized gains on sale of investments		62,275		62,275
Gross realized losses on sale of investments
Loss on other-than- temporary impairment
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	15,000		15,412
Gross realized gains on sale of investments	1		107
Gross realized losses on sale of investments
Loss on other-than- temporary impairment
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	54,853	82,917	54,853	190,084
Gross realized gains on sale of investments		3,563		6,050
Gross realized losses on sale of investments	(1,322)	(1,668)	(1,322)	(1,668)
Loss on other-than- temporary impairment

Note 2 - Investments - Accumula

Note 2 - Investments - Accumulated Change in Net Unrealized Investment Gains (Losses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Change in unrealized investment gains (losses)	$ (1,954,200)	$ 2,139,612	$ (5,468,220)	$ 3,002,864
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(2,475,749)	2,673,801	(6,851,589)	3,734,842
Fixed maturity securities	40,647	26,918	39,477	190,937
Preferred Stock [Member]
Change in unrealized investment gains (losses)	2,080		(1,700)	5,578
Equity Securities [Member]
Change in unrealized investment gains (losses)		714		13,160
Equity securities, sale of securities	1		107
Equity securities, changes in fair value	9,930		(13,790)
Real Estate Investment [Member]
Net realized investment gains (losses)	(1,322)	1,895	(1,322)	4,382
Other Long-term Investments [Member]
Net realized investment gains (losses)		$ 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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Gross Investment income	$ 5,744,780	$ 4,664,220	$ 11,003,634	$ 8,916,087
Investment expenses	(706,639)	(669,156)	(1,281,251)	(1,251,152)
Net investment income	5,038,141	3,995,064	9,722,383	7,664,935
Fixed Maturities [Member]
Gross Investment income	1,669,950	1,665,525	3,300,424	3,155,895
Preferred stock and Equity Securities [Member]
Gross Investment income	28,034	5,086	33,117	10,158
Other Long-term Investments [Member]
Gross Investment income	1,009,007	882,009	1,979,063	1,739,479
Mortgages [Member]
Gross Investment income	2,887,505	2,002,184	5,375,918	3,669,578
Policy Loans [Member]
Gross Investment income	30,342	28,453	59,425	56,017
Real Estate Investment [Member]
Gross Investment income	94,003	93,712	188,006	187,423
Short-term Investments [Member]
Gross Investment income	$ 25,939	$ (12,749)	$ 67,681	$ 97,537

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 120,023,916	$ 102,496,451
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	7,550,861	1,796,210
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	4,114,758	1,227,894
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,782,430	137,703
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,540,193	430,613
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	113,480
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 112,473,055	$ 100,700,241

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Investment real estate, net	$ 2,632,458	$ 2,382,966
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]
Investment real estate	2,267,557	2,267,557
Less - accumulated depreciation	(1,267,927)	(1,195,183)
Investment real estate, net	999,630	1,072,374
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 674,513	$ 352,277

Note 3 - Fair Value Measureme39

Note 3 - Fair Value Measurements (Details Textual)	Jun. 30, 2018	Dec. 31, 2017
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme40

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale securities	$ 145,396,458	$ 150,355,286
Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	99,020	100,720
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	99,020	100,720
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
US Treasury and Government [Member]
Available-for-sale securities	2,887,693	2,973,067
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	2,887,693	2,973,067
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	2,887,693	2,973,067
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	9,491,718	9,685,687
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	9,491,718	9,685,687
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	9,491,718	9,685,687
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	59,434	71,309
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	59,434	71,309
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	59,434	71,309
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	110,027,357	114,097,008
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	110,027,357	114,097,008
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	110,027,357	114,097,008
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member]
Available-for-sale securities	253,790
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	253,790
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	253,790
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member]
Available-for-sale securities	22,009,238	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	22,009,238	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	22,009,238	22,856,068
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Debt Securities [Member]
Available-for-sale securities	144,729,230	149,683,139
Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	144,729,230	149,683,139
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	144,729,230	149,683,139
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	338,299	349,066
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	338,299	349,066
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities
Common Stock [Member]
Available-for-sale securities	229,909	222,361
Common Stock [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	229,909	222,361
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	159,782	160,861
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	70,127	61,500
Equity Securities [Member]
Available-for-sale securities	568,208	571,427
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	568,208	571,427
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	159,782	160,861
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	338,299	349,066
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	$ 70,127	$ 61,500

Note 3 - Fair Value Measureme41

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Policy loans	$ 1,683,744	$ 1,660,175
Short-term investments	685,898	547,969
Accrued investment income	2,707,701	2,544,963
Policy claims	1,187,074	1,148,513
Reported Value Measurement [Member]
Policy loans	1,683,744	1,660,175
Short-term investments	685,898	547,969
Other long-term investments	58,904,792	55,814,583
Cash and cash equivalents	16,585,991	31,496,159
Accrued investment income	2,707,701	2,544,963
Total financial assets	200,592,042	194,560,300
Policyholders' account balances	294,488,224	292,909,762
Policy claims	1,187,074	1,148,513
Total financial liabilities	295,675,298	294,058,275
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	7,550,861	1,796,210
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	112,473,055	100,700,241
Estimate of Fair Value Measurement [Member]
Policy loans	1,683,744	1,660,175
Short-term investments	685,898	547,969
Other long-term investments	69,434,276	68,298,585
Cash and cash equivalents	16,585,991	31,496,159
Accrued investment income	2,707,701	2,544,963
Total financial assets	207,771,076	208,523,237
Policyholders' account balances	242,615,184	243,234,637
Policy claims	1,187,074	1,148,513
Total financial liabilities	243,802,258	244,383,150
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	685,898	547,969
Other long-term investments
Cash and cash equivalents	16,585,991	31,496,159
Accrued investment income
Total financial assets	17,271,889	32,044,128
Policyholders' account balances
Policy claims
Total financial liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Policy loans
Short-term investments
Other long-term investments
Cash and cash equivalents
Accrued investment income
Total financial assets
Policyholders' account balances
Policy claims
Total financial liabilities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Policy loans	1,683,744	1,660,175
Short-term investments
Other long-term investments	69,434,276	68,298,585
Cash and cash equivalents
Accrued investment income	2,707,701	2,544,963
Total financial assets	190,499,187	176,479,109
Policyholders' account balances	242,615,184	243,234,637
Policy claims	1,187,074	1,148,513
Total financial liabilities	243,802,258	244,383,150
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	7,890,347	1,783,385
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	7,890,347	1,783,385
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	108,783,119	102,192,001
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	$ 108,783,119	$ 102,192,001

Note 4 - Segment Data - Operati

Note 4 - Segment Data - Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total revenue	$ 9,918,775	$ 7,759,482	$ 19,086,195	$ 15,267,441
Income before income taxes	1,774,602	689,074	2,986,049	1,038,591
Depreciation and amortization expense	1,297,915	899,745	2,260,811	1,734,077
Life Insurance Operations [Member]
Total revenue	5,362,692	4,413,296	10,538,864	8,597,949
Income before income taxes	128,003	436,176	299,522	554,026
Depreciation and amortization expense	1,522,057	556,637	2,214,447	970,921
Annuity Operations [Member]
Total revenue	4,423,642	3,285,595	8,301,779	6,474,566
Income before income taxes	1,533,032	186,941	2,490,421	347,356
Depreciation and amortization expense	(224,142)	343,108	46,364	763,156
Corporate Segment [Member]
Total revenue	132,441	60,591	245,552	194,926
Income before income taxes	$ 113,567	$ 65,957	$ 196,106	$ 137,209

Note 4 - Segment Data - Assets

Note 4 - Segment Data - Assets (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Total assets	$ 403,300,124	$ 391,127,674
Life Insurance Operations [Member]
Total assets	61,480,891	56,780,793
Annuity Operations [Member]
Total assets	336,134,175	328,727,443
Corporate Segment [Member]
Total assets	$ 5,685,058	$ 5,619,438

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Unrecognized Tax Benefits, Ending Balance	$ 0
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,014
Domestic Tax Authority [Member] | Latest Tax Year [Member]
Open Tax Year	2,017

Note 6 - Legal Matters and Co45

Note 6 - Legal Matters and Contingent Liabilities (Details Textual) - USD ($)	Jun. 11, 2018	Feb. 17, 2017
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]
Loss Contingency, Damages Paid, Value	$ 1,850,000

Note 7 - Line of Credit (Detail

Note 7 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000
Proceeds from Lines of Credit, Total	$ 0	$ 0
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%

Note 8 - Other Comprehensive 47

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Balance			$ 41,252,179	$ 36,280,275
Total other comprehensive income (loss)	$ (1,920,770)	$ 2,099,789	(5,374,996)	2,947,441
Balance	38,285,449	40,039,238	38,285,449	40,039,238
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Balance	1,329,041	1,695,169	4,843,061	831,917
Other comprehensive loss before reclassifications, net of tax	(1,922,089)	1,981,747	(5,437,033)	2,976,214
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	32,111	(157,865)	31,187	(26,650)
Total other comprehensive income (loss)	(1,954,200)	2,139,612	(5,468,220)	3,002,864
Other comprehensive income before reclassifications, net of tax	(1,922,089)	1,981,747	(5,437,033)	2,976,214
Balance	(625,159)	3,834,781	(625,159)	3,834,781
Adjustment to Deferred Acquisition Costs [Member]
Balance	(22,316)	(28,841)	(82,110)	(13,241)
Other comprehensive loss before reclassifications, net of tax	33,430	(39,823)	93,224	(55,423)
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax
Total other comprehensive income (loss)	33,430	(39,823)	93,224	(55,423)
Other comprehensive income before reclassifications, net of tax	33,430	(39,823)	93,224	(55,423)
Balance	11,114	(68,664)	11,114	(68,664)
AOCI Attributable to Parent [Member]
Balance	1,306,725	1,666,328	4,760,951	818,676
Other comprehensive loss before reclassifications, net of tax	(1,888,659)	1,941,924	(5,343,809)	2,920,791
Less amounts reclassified from accumulated other comprehensive loss having no credit losses, net of tax	32,111	(157,865)	31,187	(26,650)
Total other comprehensive income (loss)	(1,920,770)	2,099,789	(5,374,996)	2,947,441
Other comprehensive income before reclassifications, net of tax	(1,888,659)	1,941,924	(5,343,809)	2,920,791
Balance	$ (614,045)	$ 3,766,117	$ (614,045)	$ 3,766,117

Note 8 - Other Comprehensive 48

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Unrealized holding losses arising during the period, pretax		$ (2,433,022)	$ 2,477,183	$ (6,813,812)	$ 3,720,267
Unrealized holding gains arising during the period, income tax expense		(510,933)	495,436	(1,445,287)	744,053
Unrealized holding gains arising during the period, net of tax		(1,922,089)	1,981,747	(5,437,033)	2,976,214
Realized gains (losses) on sales of securities	[1]	40,647	(197,332)	39,477	(33,313)
Income tax expense (benefit)	[2]	8,536	(39,467)	8,290	(6,663)
Reclassification adjustment for net gains included in operations having no credit losses, net of tax		32,111	(157,865)	31,187	(26,650)
Net unrealized losses on investments, pretax		(2,473,669)	2,674,515	(6,921,797)	3,753,580
Net unrealized gains on investments, income tax expense		(519,469)	534,903	(1,453,577)	750,716
Net unrealized gains on investments, net of tax		(1,954,200)	2,139,612	(5,468,220)	3,002,864
Adjustment to deferred acquisition costs, pretax		42,316	(49,778)	118,006	(69,278)
Adjustment to deferred acquisition costs, income tax expense		8,886	(9,955)	24,782	(13,855)
Adjustment to deferred acquisition costs, net of tax		33,430	(39,823)	93,224	(55,423)
Total other comprehensive loss, pretax		(2,431,353)	2,624,737	(6,803,791)	3,684,302
Total other comprehensive income, income tax expense		(510,583)	524,948	(1,428,795)	736,861
Total other comprehensive income, net of tax		$ (1,920,770)	$ 2,099,789	$ (5,374,996)	$ 2,947,441
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Other Comprehensive 49

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Realized gains (losses) on sales of securities	[1]	$ 40,647	$ (197,332)	$ 39,477	$ (33,313)
Income tax expense (benefit)	[2]	8,536	(39,467)	8,290	(6,663)
Total reclassification adjustments		$ 32,111	$ (157,865)	$ 31,187	$ (26,650)
[1]	These items appear within net realized investment gains (losses) and other-than-temporary impairments in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 9 - Allowance for Loan L50

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 120,023,916	$ 102,496,451
Financing Receivable, Collectively Evaluated for Impairment	82,004,074	68,596,191
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Losses, Ending Balance		342,815
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	599,645	564,479
Escrow Amount Available	409,546
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	38,019,842	31,407,826
One Loan Originator [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available		394,978
Advances To Loan Originator	4,863,235	4,925,259
Residential Real Estate - Held for Sale [Member]
Financing Receivable, Allowance for Credit Losses, Ending Balance	410,296
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	190,099	169,501
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 38,019,842	$ 33,900,260

Note 9 - Allowance for Loan L51

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Allowance for Loss On Premium Financing (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Provision			$ 67,481	$ 101,031
Financing Receivable, Collectively Evaluated for Impairment	$ 82,004,074		82,004,074		$ 68,596,191
Residential Portfolio Segment [Member]
Allowance, beginning	370,771	$ 280,284	333,789	238,121
Charge offs
Provision	1,581	55,896	38,563	98,059
Allowance, ending	372,352	336,180	372,352	336,180
Collectively evaluated for impairment	372,352	336,180	372,352	336,180
Financing Receivable, Collectively Evaluated for Impairment	74,453,213	67,082,982	74,453,213	67,082,982
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment
Commercial Portfolio Segment [Member]
Allowance, beginning	13,247	6,197	9,026	6,306
Charge offs
Provision	24,697	3,081	28,918	2,972
Allowance, ending	37,944	9,278	37,944	9,278
Collectively evaluated for impairment	37,944	9,278	37,944	9,278
Financing Receivable, Collectively Evaluated for Impairment	7,550,861	1,846,251	7,550,861	1,846,251
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment
Premium Finance Loans [Member]
Allowance, beginning	384,018	286,481	342,815	244,427
Charge offs
Provision	26,278	58,977	67,481	101,031
Allowance, ending	410,296	345,458	410,296	345,458
Collectively evaluated for impairment	410,296	345,458	410,296	345,458
Financing Receivable, Collectively Evaluated for Impairment	82,004,074	68,929,233	82,004,074	68,929,233
Recoveries
Individually evaluated for impairment
Individually evaluated for impairment

Note 9 - Allowance for Loan L52

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Mortgage Loan to Value Ratios (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Mortgage loans on real estate	$ 120,023,916	$ 102,496,451
Residential Portfolio Segment [Member]
Mortgage loans on real estate	112,473,055	100,700,241
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	7,550,861	1,796,210
Loan to Value Range1 [Member]
Mortgage loans on real estate	23,173,819	19,515,632
Loan to Value Range1 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	22,581,510	19,515,632
Loan to Value Range1 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	592,309
Loan to Value Range 2 [Member]
Mortgage loans on real estate	40,820,491	36,192,035
Loan to Value Range 2 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	39,405,118	36,192,035
Loan to Value Range 2 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,415,373
Loan to Value Range 3 [Member]
Mortgage loans on real estate	26,861,681	25,956,341
Loan to Value Range 3 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	25,704,386	25,121,248
Loan to Value Range 3 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,157,295	835,093
Loan to Value Range 4 [Member]
Mortgage loans on real estate	15,803,407	12,923,381
Loan to Value Range 4 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	14,335,326	12,923,381
Loan to Value Range 4 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	1,468,081
Loan to Value Range 5 [Member]
Mortgage loans on real estate	7,097,334	4,961,569
Loan to Value Range 5 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	5,028,788	4,303,273
Loan to Value Range 5 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	2,068,546	658,296
Loan to Value Range 6 [Member]
Mortgage loans on real estate	3,602,342	2,027,341
Loan to Value Range 6 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	2,894,209	1,867,670
Loan to Value Range 6 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	708,133	159,671
Loan to Value Range 7 [Member]
Mortgage loans on real estate	2,220,164	870,395
Loan to Value Range 7 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	2,079,040	727,245
Loan to Value Range 7 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate	141,124	143,150
Loan to Value Range 8 [Member]
Mortgage loans on real estate	444,678	49,757
Loan to Value Range 8 [Member] | Residential Portfolio Segment [Member]
Mortgage loans on real estate	444,678	49,757
Loan to Value Range 8 [Member] | Commercial Portfolio Segment [Member]
Mortgage loans on real estate
Minimum [Member] | Loan to Value Range1 [Member]
Loan to value ratio	70.00%
Minimum [Member] | Loan to Value Range 2 [Member]
Loan to value ratio	60.00%
Minimum [Member] | Loan to Value Range 3 [Member]
Loan to value ratio	50.00%
Minimum [Member] | Loan to Value Range 4 [Member]
Loan to value ratio	40.00%
Minimum [Member] | Loan to Value Range 5 [Member]
Loan to value ratio	30.00%
Minimum [Member] | Loan to Value Range 6 [Member]
Loan to value ratio	20.00%
Minimum [Member] | Loan to Value Range 7 [Member]
Loan to value ratio	10.00%
Minimum [Member] | Loan to Value Range 8 [Member]
Loan to value ratio	0.00%
Maximum [Member] | Loan to Value Range1 [Member]
Loan to value ratio	80.00%
Maximum [Member] | Loan to Value Range 2 [Member]
Loan to value ratio	70.00%
Maximum [Member] | Loan to Value Range 3 [Member]
Loan to value ratio	60.00%
Maximum [Member] | Loan to Value Range 4 [Member]
Loan to value ratio	50.00%
Maximum [Member] | Loan to Value Range 5 [Member]
Loan to value ratio	40.00%
Maximum [Member] | Loan to Value Range 6 [Member]
Loan to value ratio	30.00%
Maximum [Member] | Loan to Value Range 7 [Member]
Loan to value ratio	20.00%
Maximum [Member] | Loan to Value Range 8 [Member]
Loan to value ratio	10.00%