First Trinity Financial (FTFC) 10-Q 13 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 10, 2021
Document Information [Line Items]
Entity Registrant Name	First Trinity Financial Corp.
Entity Central Index Key	0001395585
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(g) Security	Class A Common Stock, $0.01 Par Value Class B Common Stock, $0.01 Par Value
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		101,102
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		8,661,696

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Investments
Mortgage loans on real estate	$ 170,286,596	$ 174,909,062
Investment real estate	1,216,523	757,936
Policy loans	2,081,550	2,108,678
Short-term investments	3,305,063	3,309,020
Other long-term investments	69,894,673	71,025,133
Total investments	412,370,377	422,960,668
Cash and cash equivalents	45,484,553	40,230,095
Accrued investment income	5,214,481	5,370,508
Recoverable from reinsurers	1,164,509	1,234,221
Assets held in trust under coinsurance agreement	108,742,758	112,160,307
Agents' balances and due premiums	2,041,515	2,154,322
Deferred policy acquisition costs	45,569,048	44,513,669
Value of insurance business acquired	4,517,808	4,592,977
Other assets	12,686,211	10,378,502
Total assets	637,791,260	643,595,269
Policy liabilities
Policyholders' account balances	370,483,377	362,519,753
Future policy benefits	78,789,343	76,673,797
Policy claims	1,873,862	2,099,548
Other policy liabilities	125,960	119,699
Total policy liabilities	451,272,542	441,412,797
Funds withheld under coinsurance agreement	108,665,787	112,681,925
Deferred federal income taxes	7,745,590	9,220,905
Other liabilities	6,044,611	10,427,430
Total liabilities	573,728,530	573,743,057
Shareholders' equity
Additional paid-in capital	39,078,485	39,078,485
Treasury stock, at cost (247,580 shares as of March 31, 2021 and December 31, 2020 )	(893,947)	(893,947)
Accumulated other comprehensive income	12,190,028	17,518,858
Accumulated earnings	13,598,060	14,058,712
Total shareholders' equity	64,062,730	69,852,212
Total liabilities and shareholders' equity	637,791,260	643,595,269
Common Class A [Member]
Shareholders' equity
Common stock	89,093	89,093
Common Class B [Member]
Shareholders' equity
Common stock	1,011	1,011
Debt Securities [Member]
Investments
Available-for-sale fixed maturity securities at fair value (amortized cost: $149,916,924 and $148,431,010 as of March 31, 2021 and December 31, 2020, respectively)	165,372,668	170,647,836
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $179,165 and $183,219 as of March 31, 2021 and December 31, 2020, respectively)	$ 213,304	$ 203,003

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)	$ 0.01
Treasury stock, shares (in shares)	247,580	247,580
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	8,909,276	8,909,276
Common stock, shares outstanding (in shares)	8,661,696	8,661,696
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	101,102	101,102
Common stock, shares outstanding (in shares)	101,102	101,102
Debt Securities [Member]
Available-for-sale securities at cost	$ 149,916,924	$ 148,431,010
Equity Securities [Member]
Equity securities, cost	$ 179,165	$ 183,219

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues
Premiums	$ 6,979,876	$ 6,365,876
Net investment income	6,148,842	6,269,843
Net realized investment gains	52,095	23,502
Service fees	97,987	10,871
Other income	13,774	13,414
Total revenues	13,292,574	12,683,506
Benefits and claims
Increase in future policy benefits	2,156,185	2,641,119
Death benefits	3,523,718	1,611,780
Surrenders	348,906	410,364
Interest credited to policyholders	3,118,535	3,063,245
Dividend, endowment and supplementary life contract benefits	71,910	82,699
Total benefits and claims	9,219,254	7,809,207
Policy acquisition costs deferred	(2,829,473)	(2,384,968)
Amortization of deferred policy acquisition costs	1,789,823	1,213,274
Amortization of value of insurance business acquired	75,169	79,974
Commissions	2,872,583	2,308,163
Other underwriting, insurance and acquisition expenses	2,684,662	2,641,472
Total expenses	4,592,764	3,857,915
Total benefits, claims and expenses	13,812,018	11,667,122
Income (loss) before total federal income tax expense (benefit)	(519,444)	1,016,384
Current federal income tax expense		46,575
Deferred federal income tax expense (benefit)	(58,792)	180,553
Total federal income tax expense (benefit)	(58,792)	227,128
Net income (loss)	$ (460,652)	$ 789,256
Common Class A [Member]
Net income (loss) per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ (0.0527)	$ 0.0902
Common Class B [Member]
Net income (loss) per common share basic and diluted
Net income per common share basic and diluted (in dollars per share)	$ (0.0448)	$ 0.0767

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Net income (loss)		$ (460,652)	$ 789,256
Other comprehensive loss
Total net unrealized losses arising during the period		(6,723,431)	(13,171,272)
Less net realized investment gains having no credit losses	[1]	37,651	61,919
Net unrealized losses		(6,761,082)	(13,233,191)
Less adjustment to deferred acquisition costs		(15,729)	(21,855)
Other comprehensive loss before income tax benefit		(6,745,353)	(13,211,336)
Income tax benefit		(1,416,523)	(2,774,380)
Total other comprehensive loss		(5,328,830)	(10,436,956)
Total comprehensive loss		$ (5,789,482)	$ (9,647,700)
[1]	These items appear within net realized investment gains in the consolidated statements of operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2019	$ 80,502		$ 28,684,598	$ (893,947)	$ 9,616,660	$ 19,930,449	$ 57,418,262
Net income (loss)						789,256	789,256
Other comprehensive loss					(10,436,956)		(10,436,956)
Acquisition of K-TENN Insurance Company	1,688		1,744,552				1,746,240
Recapitalization	(1,011)	1,011
Balance at Mar. 31, 2020	81,179	1,011	30,429,150	(893,947)	(820,296)	20,719,705	49,516,802
Balance at Dec. 31, 2020	89,093	1,011	39,078,485	(893,947)	17,518,858	14,058,712	69,852,212
Net income (loss)						(460,652)	(460,652)
Other comprehensive loss					(5,328,830)		(5,328,830)
Balance at Mar. 31, 2021	$ 89,093	$ 1,011	$ 39,078,485	$ (893,947)	$ 12,190,028	$ 13,598,060	$ 64,062,730

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities
Net income (loss)	$ (460,652)	$ 789,256
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Provision for depreciation		36,372
Accretion of discount on investments	(1,313,702)	(1,253,547)
Net realized investment gains	(52,095)	(23,502)
Amortization of policy acquisition cost	1,789,823	1,213,274
Policy acquisition costs deferred	(2,829,473)	(2,384,968)
Amortization of loan origination fees	4,562	5,117
Amortization of value of insurance business acquired	75,169	79,974
Allowance for mortgage loan losses	(30,714)	(1,860)
Provision for deferred federal income tax expense (benefit)	(58,792)	180,553
Interest credited to policyholders	3,118,535	3,063,245
Change in assets and liabilities:
Policy loans	27,128	(60,256)
Short-term investments	3,957	(1,785)
Accrued investment income	156,027	(140,235)
Recoverable from reinsurers	69,712	(2,211,023)
Assets held in trust under coinsurance agreement	814,210	4,798,048
Agents' balances and due premiums	112,807	(358,507)
Other assets	(2,307,709)	(4,593,135)
Future policy benefits	2,115,546	2,641,978
Policy claims	(225,686)	(260,131)
Other policy liabilities	6,261	(57,266)
Other liabilities (exclude change in payable for securities purchased of ($27,262) and $575,435 in 2021 and 2020, respectively)	(4,355,557)	(493,625)
Net cash provided by (used in) operating activities	(3,340,643)	967,977
Investing activities
Purchases of fixed maturity securities	(4,004,267)	(1,005,000)
Maturities of fixed maturity securities	400,000	200,000
Sales of fixed maturity securities	2,019,079	5,350,987
Purchases of equity securities	(14,640)	(29,220)
Acquisition of K-TENN Insurance Company		1,110,299
Sales of equity securities	88
Joint venture distribution	18,695	27,039
Purchases of mortgage loans	(14,954,163)	(19,403,227)
Payments on mortgage loans	19,311,674	14,244,785
Purchases of other long-term investments	(882,027)	(3,258,188)
Payments on other long-term investments	3,295,634	3,284,263
Net change in receivable and payable for securities sold and purchased	(27,262)	575,435
Net cash provided by investing activities	5,162,811	1,097,173
Financing activities
Policyholders' account deposits	11,445,347	1,769,421
Policyholders' account withdrawals	(8,013,057)	(10,318,588)
Net cash provided by (used in) financing activities	3,432,290	(8,549,167)
Increase (decrease) in cash and cash equivalents	5,254,458	(6,484,017)
Cash and cash equivalents, beginning of period	40,230,095	23,212,170
Cash and cash equivalents, end of period	$ 45,484,553	$ 16,728,153

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Change in payable of securities purchased	$ (27,262)	$ 575,435

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	First Trinity Financial Corporation and Subsidiaries Consolidated Statements of Cash Flows (continued) Supplemental Disclosure – Cash and Non-Cash Impact on Operating, Investing and Financing Activities During the three March 31, 2021 2020, $458,587 $744,091, In conjunction with this foreclosure, the non-cash impact on investing activities is summarized as follows: Three Months Ended Three Months Ended March 31, 2021 March 31, 2020 Reductions in mortgage loans due to foreclosure $ 458,587 $ 744,091 Investment real estate held-for-sale acquired through foreclosure (458,587 ) (744,091 ) Net cash used in investing activities $ - $ - On January 1, 2020, $1,916,281 $170,041. In conjunction with this 2020 March 31, 2020 Cash used in acquisition of K-TENN Insurance Company $ - Cash provided in acquisition of K-TENN Insurance Company 1,110,299 Increase in cash from acquisition of K-TENN Insurance Company 1,110,299 Fair value of assets acquired in acquisition of K-TENN Insurance Company (excluding cash) Available-for-sale fixed maturity securities 800,000 Policy loans 1,045 Accrued investment income 490 Due premiums 3,986 Other assets 461 Total fair value of assets acquired (excluding cash) 805,982 Fair value of liabilities assumed in acquisition of K-TENN Insurance Company Future policy benefits 150,583 Other policy liabilities 9,212 Other liabilities 10,246 Total fair value of liabilities assumed 170,041 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash) 635,941 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (including cash) $ 1,746,240 See notes to consolidated financial statements (unaudited).

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. 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”), Trinity Mortgage Corporation (“TMC”), formerly known as First Trinity Capital Corporation and Trinity American, Inc. (“TAI”). 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. 2020 third The Company owns 100% March 24, 2016 2019. 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 January 1, 2020, 168,866 The Company also issued 702,685 two 2011 2012 $5,270,138 $5,270,138 In 2020, $0.05 $393,178 791,339 10% 10% $8,657,249 $8,657,249 The Company has also purchased 247,580 $893,947 Company Recapitalization On October 2, 2019, ● An amendment and restatement of FTFC's Certificate of Incorporation to authorize 40,000,000 10,000,000 ● An amendment and restatement of FTFC's Certificate of Incorporation to automatically reclassify each issued and outstanding share of our existing common stock as one 1 one 1 These proposals received Form A regulatory approval from the Oklahoma Insurance Department (“OID”) on February 27, 2020 December 31, 2019, March 12, 2020. March 12, 2020, one one 85% may one .85 100% Acquisition of Other Companies 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. On April 3, 2018, 100% 2019. $250,000. Effective January 1, 2020, 100% 168,866 $1,746,240. $1,746,240 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 three March 31, 2021 not December 31, 2021 not 10 December 31, 2020. Management continues to actively monitor the COVID- 2019 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 Class A and Class B common stock are both 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 March 31, 2021 Recent Accounting Pronouncements Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The expected credit losses, and subsequent adjustments to such losses, will be recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the financial asset presented on the consolidated balance sheet at the amount expected to be collected. 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2022. December 15, 2018. not Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 The implied fair value of goodwill is currently determined in Step 2 1 1 1 may not 2 1. The Company adopted this guidance in first 2020. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 The updated guidance was effective for reporting periods beginning after December 15, 2020. December 15, 2024. not may With respect to the market risk benefits, an insurance entity should apply the amendments retrospectively as of the beginning of the earliest period presented. The Company expects that the impact on the Company's results of operations, financial position and liquidity at the date of adoption of the updated guidance in 2024 Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 The Company adopted this guidance in first 2020. not Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not

Note 2 - Investments

Note 2 - Investments	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2. Investments in fixed maturity available-for-sale and equity securities as of March 31, 2021 December 31, 2020 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2021 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 430,000 $ 2,846 $ - $ 432,846 States and political subdivisions 8,814,725 672,531 54,313 9,432,943 Residential mortgage-backed securities 13,564 15,373 - 28,937 Corporate bonds 108,592,263 11,701,756 37,653 120,256,366 Asset-backed securities 1,775,713 46,039 8,301 1,813,451 Exchange traded securities 500,000 24,600 - 524,600 Foreign bonds 29,190,659 3,099,073 26,615 32,263,117 Certificate of deposits 600,000 20,408 - 620,408 Total fixed maturity securities 149,916,924 15,582,626 126,882 165,372,668 Equity securities Mutual funds 91,981 - 11,971 80,010 Corporate common stock 87,184 46,110 - 133,294 Total equity securities 179,165 46,110 11,971 213,304 Total fixed maturity and equity securities $ 150,096,089 $ 15,628,736 $ 138,853 $ 165,585,972 December 31, 2020 Fixed maturity securities U.S. government and U.S. government agencies $ 430,735 $ 3,568 $ - $ 434,303 States and political subdivisions 8,830,403 891,285 31,932 9,689,756 Residential mortgage-backed securities 14,022 14,420 - 28,442 Corporate bonds 106,387,417 16,859,782 111,840 123,135,359 Asset-backed securities 2,052,174 32,908 47,813 2,037,269 Exchange traded securities 500,000 - 200 499,800 Foreign bonds 29,616,259 4,641,338 59,230 34,198,367 Certificate of deposits 600,000 24,540 - 624,540 Total fixed maturity securities 148,431,010 22,467,841 251,015 170,647,836 Equity securities Mutual funds 91,981 - 7,739 84,242 Corporate common stock 91,238 27,523 - 118,761 Total equity securities 183,219 27,523 7,739 203,003 Total fixed maturity and equity securities $ 148,614,229 $ 22,495,364 $ 258,754 $ 170,850,839 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 March 31, 2021 December 31, 2020 Unrealized Number of Fair Value Loss Securities March 31, 2021 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 705,479 $ 54,313 2 Corporate bonds 2,116,900 12,155 7 Foreign bonds 788,430 26,615 2 Total less than 12 months in an unrealized loss position 3,610,809 93,083 11 More than 12 months in an unrealized loss position Corporate bonds 1,076,776 25,498 3 Asset-backed 372,062 8,301 1 Total more than 12 months in an unrealized loss position 1,448,838 33,799 4 Total fixed maturity securities in an unrealized loss position 5,059,647 126,882 15 Equity securities (mutual funds), less than 12 months in an unrealized loss position 80,010 11,971 1 Total fixed maturity and equity securities in an unrealized loss position $ 5,139,657 $ 138,853 $ 16 December 31, 2020 Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 625,098 $ 31,932 1 Corporate bonds 878,716 41,508 3 Asset-backed 1,047,443 47,813 3 Exchange traded securities 499,800 200 2 Foreign bonds 285,569 28,282 4 Total less than 12 months in an unrealized loss position 3,336,626 149,735 13 More than 12 months in an unrealized loss position Corporate bonds 1,084,205 70,332 3 Foreign bonds 532,875 30,948 1 Total more than 12 months in an unrealized loss position 1,617,080 101,280 4 Total fixed maturity securities in an unrealized loss position 4,953,706 251,015 17 Equity securities (mutual funds), less than 12 months in an unrealized loss position 84,242 7,739 1 Total fixed maturity and equity securities in an unrealized loss position $ 5,037,948 $ 258,754 $ 18 As of March 31, 2021, 15 $126,882, $5,059,647 $5,186,529. March 31, 2021. 15 98%. As of December 31, 2020, 17 $251,015, $4,953,706 $5,204,721. December 31, 2020. 17 95%. As of March 31, 2021, one $11,971, $80,010 $91,981. 87%. As of December 31, 2020, one $7,739, $84,242 $91,981. 92%. Fixed maturity securities were 95% 97% March 31, 2021 December 31, 2020, 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 recorded one 2020. 2020, $850,000 $801,340 December 31, 2020. no 2020. There were no three March 31, 2021. Management believes that the Company will fully recover its cost basis in the securities held as of March 31, 2021, not not Net unrealized gains included in other comprehensive loss 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 March 31, 2021 December 31, 2020, (Unaudited) March 31, 2021 December 31, 2020 Unrealized appreciation on available-for-sale securities $ 15,455,744 $ 22,216,826 Adjustment to deferred acquisition costs (25,328 ) (41,057 ) Deferred income taxes (3,240,388 ) (4,656,911 ) Net unrealized appreciation on available-for-sale securities $ 12,190,028 $ 17,518,858 The Company's investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $69,894,673 $71,025,133 March 31, 2021 December 31, 2020, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of March 31, 2021, March 31, 2021 (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 $ 3,157,343 $ 3,211,021 $ 12,151,361 $ 12,387,898 Due after one year through five years 27,986,899 29,883,166 35,194,106 39,428,299 Due after five years through ten years 43,019,490 47,296,731 16,004,575 20,838,152 Due after ten years 75,739,628 84,952,813 6,544,631 11,715,219 Due at multiple maturity dates 13,564 28,937 - - $ 149,916,924 $ 165,372,668 $ 69,894,673 $ 84,369,568 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 and equity securities for the three March 31, 2021 2020 Three Months Ended March 31, (Unaudited) Fixed Maturity Securities Equity Securities 2021 2020 2021 2020 Proceeds $ 2,419,079 $ 5,550,987 $ 88 $ - Gross realized gains 64,150 65,309 89 - Gross realized losses (26,499 ) (3,390 ) - - The accumulated change in unrealized investment gains (losses) for fixed maturity and preferred stock available-for-sale for the three March 31, 2021 2020 three March 31, 2021 2020 Three Months Ended March 31, (Unaudited) 2021 2020 Change in unrealized investment losses: Available-for-sale securities: Fixed maturity securities $ (6,761,082 ) $ (13,230,891 ) Preferred stock - (2,300 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 37,651 61,919 Equity securities, sale of securities 89 - Equity securities, changes in fair value 14,355 (38,417 ) Major categories of net investment income for the three March 31, 2021 2020 Three Months Ended March 31, (Unaudited) 2021 2020 Fixed maturity securities $ 1,695,894 $ 1,838,382 Preferred stock and equity securities 16,999 32,323 Other long-term investments 1,282,894 1,347,138 Mortgage loans 3,748,232 3,570,405 Policy loans 38,618 37,707 Real estate - 68,682 Short-term and other investments 9,295 24,537 Gross investment income 6,791,932 6,919,174 Investment expenses (643,090 ) (649,331 ) Net investment income $ 6,148,842 $ 6,269,843 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 March 31, 2021 December 31, 2020, $4,472,410 $4,464,398, March 31, 2021 December 31, 2020, $4,540,370 $4,531,967, The Company's mortgage loans by property type as of March 31, 2021 December 31, 2020 (Unaudited) March 31, 2021 December 31, 2020 Residential mortgage loans $ 160,653,844 $ 163,906,373 Commercial mortgage loans by property type Apartment 335,771 - Industrial 662,642 670,708 Lodging 286,565 290,889 Office building 4,568,229 4,596,331 Retail 3,779,545 5,444,761 Total commercial mortgage loans by property type 9,632,752 11,002,689 Total mortgage loans $ 170,286,596 $ 174,909,062 There were 20 $4,742,229 90 March 31, 2021. 24 $3,979,997 90 December 31, 2020. There were no March 31, 2021. no December 31, 2020. The Company's investment real estate as of March 31, 2021 December 31, 2020 (Unaudited) March 31, 2021 December 31, 2020 Land - held for investment $ 540,436 $ 540,436 Total land 540,436 540,436 Residential real estate - held for sale 676,087 217,500 Total residential real estate 676,087 217,500 Investment real estate, net of accumulated depreciation $ 1,216,523 $ 757,936 On November 16, 2020, 20,000 three $1,078,037. $240,374 $1,318,411. TLIC owns approximately three $409,436. FBLIC owns approximately one $131,000. During 2021 one $458,587 During 2020 $797,158 2020, $791,704. $106,665 $898,369.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) on the measurement date. The Company also considers the impact on fair value of a significant decrease in volume and level of activity for an asset or liability when compared with normal activity. The Company holds fixed maturity and equity securities that are measured and reported at fair market value on the statement of financial position. The Company determines the fair market values of its financial instruments based on the fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three 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 March 31, 2021 December 31, 2020 Level 1 Level 2 Level 3 Total March 31, 2021 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 432,846 $ - $ 432,846 States and political subdivisions - 9,432,943 - 9,432,943 Residential mortgage-backed securities - 28,937 - 28,937 Corporate bonds - 120,256,366 - 120,256,366 Asset-backed securities - 1,813,451 - 1,813,451 Exchange traded securities - 524,600 - 524,600 Foreign bonds - 32,263,117 - 32,263,117 Certificate of deposits - 620,408 - 620,408 Total fixed maturity securities $ - $ 165,372,668 $ - $ 165,372,668 Equity securities Mutual funds $ - $ 80,010 $ - $ 80,010 Corporate common stock 70,216 - 63,078 133,294 Total equity securities $ 70,216 $ 80,010 $ 63,078 $ 213,304 December 31, 2020 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 434,303 $ - $ 434,303 States and political subdivisions - 9,689,756 - 9,689,756 Residential mortgage-backed securities - 28,442 - 28,442 Corporate bonds - 123,135,359 - 123,135,359 Asset-backed securities - 2,037,269 - 2,037,269 Exchange traded securities - 499,800 - 499,800 Foreign bonds 34,198,367 34,198,367 Certificate of deposits - 624,540 - 624,540 Total fixed maturity securities $ - $ 170,647,836 $ - $ 170,647,836 Equity securities Mutual funds $ - $ 84,242 $ - $ 84,242 Corporate common stock 51,629 - 67,132 118,761 Total equity securities $ 51,629 $ 84,242 $ 67,132 $ 203,003 As of March 31, 2021 December 31, 2020, 3 two no These private placement common 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 equity securities are included in Level 1 2 3. 1 2 not The Company's fixed maturity available-for-sale securities and equity securities are highly liquid and allows for a high percentage of the portfolio to be priced through pricing services. The change in the fair value of the Company's Level 3 three March 31, 2021 March 31, 2020 Unaudited Three Months Ended March 31, 2021 2020 Beginning balance $ 67,133 $ 64,107 Joint venture net income 14,640 29,220 Joint venture distribution (18,695 ) (27,039 ) Ending balance $ 63,078 $ 66,288 The carrying amount and fair value of the Company's financial assets and financial liabilities disclosed, but not March 31, 2021 December 31, 2020, Financial instruments disclosed, but not Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2021 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 9,632,752 $ 9,680,855 $ - $ - $ 9,680,855 Residential 160,653,844 182,365,238 - - 182,365,238 Policy loans 2,081,550 2,081,550 - - 2,081,550 Short-term investments 3,305,063 3,305,063 3,305,063 - - Other long-term investments 69,894,673 84,369,568 - - 84,369,568 Cash and cash equivalents 45,484,553 45,484,553 45,484,553 - - Accrued investment income 5,214,481 5,214,481 - - 5,214,481 Total financial assets $ 296,266,916 $ 332,501,308 $ 48,789,616 $ - $ 283,711,692 Financial liabilities Policyholders' account balances $ 370,483,377 $ 371,574,730 $ - $ - $ 371,574,730 Policy claims 1,873,862 1,873,862 - - 1,873,862 Total financial liabilities $ 372,357,239 $ 373,448,592 $ - $ - $ 373,448,592 December 31, 2020 Financial assets Mortgage loans on real estate Commercial $ 11,002,689 $ 11,085,406 $ - $ - $ 11,085,406 Residential 163,906,373 184,802,993 - - 184,802,993 Policy loans 2,108,678 2,108,678 - - 2,108,678 Short-term investments 3,309,020 3,309,020 3,309,020 - - Other long-term investments 71,025,133 89,264,246 - - 89,264,246 Cash and cash equivalents 40,230,095 40,230,095 40,230,095 - - Accrued investment income 5,370,508 5,370,508 - - 5,370,508 Total financial assets $ 296,952,496 $ 336,170,946 $ 43,539,115 $ - $ 292,631,831 Financial liabilities Policyholders' account balances $ 362,519,753 $ 380,666,901 $ - $ - $ 380,666,901 Policy claims 2,099,548 2,099,548 - - 2,099,548 Total financial liabilities $ 364,619,301 $ 382,766,449 $ - $ - $ 382,766,449 The estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, considerable judgment was required to interpret market data to develop these estimates. Accordingly, the estimates are not may The following methods and assumptions were used in estimating the fair value disclosures for financial instruments in the accompanying financial statements and notes thereto: Fixed Maturity Securities and Equity Securities The fair value of fixed maturity securities and equity securities are based on the principles previously discussed as Level 1, 2 3. Mortgage Loans on Real Estate The fair values for mortgage loans are estimated using discounted cash flow analyses. For both residential and commercial mortgage loans, the discount rate used was indexed to the LIBOR yield curve adjusted for an appropriate credit spread. 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 FTSE 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	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	4. The Company has a life insurance segment, consisting of the life insurance operations of TLIC, FBLIC and TAI, an annuity segment, consisting of the annuity operations of TLIC, FBLIC and TAI and a corporate segment. Results for the parent company and the operations of TMC, after elimination of intercompany amounts, are allocated to the corporate segment. These segments as of March 31, 2021 December 31, 2020 three March 31, 2021 2020 Three Months Ended March 31, (Unaudited) 2021 2020 Revenues: Life insurance operations $ 8,036,885 $ 7,325,468 Annuity operations 5,041,530 5,220,251 Corporate operations 214,159 137,787 Total $ 13,292,574 $ 12,683,506 Income before income taxes: Life insurance operations $ (942,009 ) $ 64,404 Annuity operations 524,530 911,918 Corporate operations (101,965 ) 40,062 Total $ (519,444 ) $ 1,016,384 Depreciation and amortization expense: Life insurance operations $ 1,541,194 $ 1,032,387 Annuity operations 328,360 302,350 Total $ 1,869,554 $ 1,334,737 (Unaudited) March 31, 2021 December 31, 2020 Assets: Life insurance operations $ 118,832,660 $ 120,484,734 Annuity operations 514,521,535 518,257,307 Corporate operations 4,437,065 4,853,228 Total $ 637,791,260 $ 643,595,269

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5. 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 2017 2019

Note 6 - Legal Matters and Cont

Note 6 - Legal Matters and Contingent Liabilities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6. A lawsuit filed by the Company and Chairman, President and Chief Executive Officer, Gregg E. Zahn, in 2013 February 17, 2017. The jury originally 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 appealed this decision. In February 2020, not December 2020, It remains the Company's intention to again vigorously prosecute this action against the Defendants for damages and for correction of the defamatory statements. In the opinion of the Company's management, the ultimate resolution of any contingencies that may not Guaranty fund assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. In most states, guaranty fund assessments may five

Note 7 - Other Comprehensive Lo

Note 7 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	7. The changes in the components of the Company's accumulated other comprehensive income (loss) for the three March 31, 2021 2020 Three Months Ended March 31, 2021 and 2020 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (5,311,511 ) 12,425 (5,299,086 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 29,744 - 29,744 Other comprehensive loss (5,341,255 ) 12,425 (5,328,830 ) Balance as of March 31, 2021 $ 12,210,024 $ (19,996 ) $ 12,190,028 Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive loss before reclassifications, net of tax (10,405,305 ) 17,265 (10,388,040 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 48,916 - 48,916 Other comprehensive loss (10,454,221 ) 17,265 (10,436,956 ) Balance as of March 31, 2020 $ (821,898 ) $ 1,602 $ (820,296 ) The pretax components of the Company's other comprehensive loss and the related income tax expense (benefit) for each component for the three March 31, 2021 2020 Income Tax Pretax Expense (Benefit) Net of Tax Three Months Ended March 31, 2021 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (6,723,431 ) $ (1,411,920 ) $ (5,311,511 ) Reclassification adjustment for net gains included in operations having no credit losses 37,651 7,907 29,744 Net unrealized losses on investments (6,761,082 ) (1,419,827 ) (5,341,255 ) Adjustment to deferred acquisition costs 15,729 3,304 12,425 Total other comprehensive loss $ (6,745,353 ) $ (1,416,523 ) $ (5,328,830 ) Three Months Ended March 31, 2020 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (13,171,272 ) $ (2,765,967 ) $ (10,405,305 ) Reclassification adjustment for net gains included in operations having no credit losses 61,919 13,003 48,916 Net unrealized losses on investments (13,233,191 ) (2,778,970 ) (10,454,221 ) Adjustment to deferred acquisition costs 21,855 4,590 17,265 Total other comprehensive loss $ (13,211,336 ) $ (2,774,380 ) $ (10,436,956 ) 7. 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 March 31, 2021 2020 Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2021 2020 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains on sales of securities (a) $ 37,651 $ 61,919 Income tax expense (b) 7,907 13,003 Total reclassification adjustments $ 29,744 $ 48,916 (a) These items appear within net realized investment gains in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan Los

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Premiums Receivable Note [Text Block]	8. 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 losses 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. As of March 31, 2021, $757,625 third March 31, 2021, $415,012 $3,999,032 March 31, 2021 $342,613 $68,522,660 $511,180 $101,763,936 March 31, 2021. As of December 31, 2020, $766,667 third December 31, 2020, $431,523 $4,996,358 December 31, 2020 $335,144 $67,028,720 $541,894 $107,880,342 December 31, 2020. The balances of and changes in the Company's credit losses related to mortgage loans on real estate as of and for the three March 31, 2021 2020 $68,522,660 $66,609,678 March 31, 2021 2020, one third As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2021 2020 2021 2020 2021 2020 Allowance, beginning $ 486,604 $ 443,057 $ 55,290 $ 62,321 $ 541,894 $ 505,378 Charge offs - - - - - - Recoveries - - - - - - Provision (23,830 ) (7,644 ) (6,884 ) 5,784 (30,714 ) (1,860 ) Allowance, ending $ 462,774 $ 435,413 $ 48,406 $ 68,105 $ 511,180 $ 503,518 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 462,774 $ 435,413 $ 48,406 $ 68,105 $ 511,180 $ 503,518 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 92,131,184 $ 86,718,925 $ 9,632,752 $ 13,552,929 $ 101,763,936 $ 100,271,854 The Company utilizes the ratio of the carrying value of individual residential and commercial mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company's residential and commercial mortgage loans on real estate by credit quality using this ratio as of March 31, 2021 December 31, 2020 Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Over 70% to 80% $ 55,465,826 $ 53,905,657 $ - $ - $ 55,465,826 $ 53,905,657 Over 60% to 70% 45,413,107 50,752,236 1,606,547 1,608,934 47,019,654 52,361,170 Over 50% to 60% 25,597,828 27,493,242 2,734,710 2,391,856 28,332,538 29,885,098 Over 40% to 50% 14,644,107 13,875,675 958,172 786,143 15,602,279 14,661,818 Over 30% to 40% 7,905,547 7,846,306 1,165,665 1,176,419 9,071,212 9,022,725 Over 20% to 30% 5,985,876 5,538,886 2,913,750 2,774,020 8,899,626 8,312,906 Over 10% to 20% 5,060,114 3,699,228 55,471 2,072,994 5,115,585 5,772,222 10% or less 581,439 795,143 198,437 192,323 779,876 987,466 Total $ 160,653,844 $ 163,906,373 $ 9,632,752 $ 11,002,689 $ 170,286,596 $ 174,909,062

Note 9 - Coinsurance

Note 9 - Coinsurance	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Reinsurance [Text Block]	9. Effective January 1, 2018, 90% December 31, 2017 April 1, 2020, 0% 90%. In accordance with this annuity coinsurance agreement, TLIC holds assets and recognizes a funds withheld liability for the benefit of the assuming company in an amount at least equal to the annuity reserves in accordance with U.S. statutory accounting principles generated by this ceded business. In addition, the assuming company maintains a trust related to this ceded business amounting to at least an additional 4% may 30

Note 10 - Line of Credit

Note 10 - Line of Credit	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	10. On September 25, 2020, $1.5 September 15, 2021. 1% 360 4.5%. $1.5 1% No March 31, 2021 December 31, 2020.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 January 1, 2020, 168,866 The Company also issued 702,685 two 2011 2012 $5,270,138 $5,270,138 In 2020, $0.05 $393,178 791,339 10% 10% $8,657,249 $8,657,249 The Company has also purchased 247,580 $893,947
Company Recapitalization [Policy Text Block]	Company Recapitalization On October 2, 2019, ● An amendment and restatement of FTFC's Certificate of Incorporation to authorize 40,000,000 10,000,000 ● An amendment and restatement of FTFC's Certificate of Incorporation to automatically reclassify each issued and outstanding share of our existing common stock as one 1 one 1 These proposals received Form A regulatory approval from the Oklahoma Insurance Department (“OID”) on February 27, 2020 December 31, 2019, March 12, 2020. March 12, 2020, one one 85% may one .85 100%
Business Combinations Policy [Policy Text Block]	Acquisition of Other Companies 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. On April 3, 2018, 100% 2019. $250,000. Effective January 1, 2020, 100% 168,866 $1,746,240. $1,746,240
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 three March 31, 2021 not December 31, 2021 not 10 December 31, 2020. Management continues to actively monitor the COVID- 2019
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, Comparability Adjustment [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 Class A and Class B common stock are both 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 March 31, 2021
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In June 2016, 2016 13 The expected credit losses, and subsequent adjustments to such losses, will be recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the financial asset presented on the consolidated balance sheet at the amount expected to be collected. 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 was effective for reporting periods beginning after December 15, 2019. December 15, 2022. December 15, 2018. not Intangibles - Goodwill and Other In January 2017, 2017 04 2 1 The implied fair value of goodwill is currently determined in Step 2 1 1 1 may not 2 1. The Company adopted this guidance in first 2020. not Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, 2018 12 The updated guidance was effective for reporting periods beginning after December 15, 2020. December 15, 2024. not may With respect to the market risk benefits, an insurance entity should apply the amendments retrospectively as of the beginning of the earliest period presented. The Company expects that the impact on the Company's results of operations, financial position and liquidity at the date of adoption of the updated guidance in 2024 Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, 2018 13 The Company adopted this guidance in first 2020. not Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended Three Months Ended March 31, 2021 March 31, 2020 Reductions in mortgage loans due to foreclosure $ 458,587 $ 744,091 Investment real estate held-for-sale acquired through foreclosure (458,587 ) (744,091 ) Net cash used in investing activities $ - $ -
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	March 31, 2020 Cash used in acquisition of K-TENN Insurance Company $ - Cash provided in acquisition of K-TENN Insurance Company 1,110,299 Increase in cash from acquisition of K-TENN Insurance Company 1,110,299 Fair value of assets acquired in acquisition of K-TENN Insurance Company (excluding cash) Available-for-sale fixed maturity securities 800,000 Policy loans 1,045 Accrued investment income 490 Due premiums 3,986 Other assets 461 Total fair value of assets acquired (excluding cash) 805,982 Fair value of liabilities assumed in acquisition of K-TENN Insurance Company Future policy benefits 150,583 Other policy liabilities 9,212 Other liabilities 10,246 Total fair value of liabilities assumed 170,041 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash) 635,941 Fair value of net assets acquired in acquisition of K-TENN Insurance Company (including cash) $ 1,746,240

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value March 31, 2021 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 430,000 $ 2,846 $ - $ 432,846 States and political subdivisions 8,814,725 672,531 54,313 9,432,943 Residential mortgage-backed securities 13,564 15,373 - 28,937 Corporate bonds 108,592,263 11,701,756 37,653 120,256,366 Asset-backed securities 1,775,713 46,039 8,301 1,813,451 Exchange traded securities 500,000 24,600 - 524,600 Foreign bonds 29,190,659 3,099,073 26,615 32,263,117 Certificate of deposits 600,000 20,408 - 620,408 Total fixed maturity securities 149,916,924 15,582,626 126,882 165,372,668 Equity securities Mutual funds 91,981 - 11,971 80,010 Corporate common stock 87,184 46,110 - 133,294 Total equity securities 179,165 46,110 11,971 213,304 Total fixed maturity and equity securities $ 150,096,089 $ 15,628,736 $ 138,853 $ 165,585,972 December 31, 2020 Fixed maturity securities U.S. government and U.S. government agencies $ 430,735 $ 3,568 $ - $ 434,303 States and political subdivisions 8,830,403 891,285 31,932 9,689,756 Residential mortgage-backed securities 14,022 14,420 - 28,442 Corporate bonds 106,387,417 16,859,782 111,840 123,135,359 Asset-backed securities 2,052,174 32,908 47,813 2,037,269 Exchange traded securities 500,000 - 200 499,800 Foreign bonds 29,616,259 4,641,338 59,230 34,198,367 Certificate of deposits 600,000 24,540 - 624,540 Total fixed maturity securities 148,431,010 22,467,841 251,015 170,647,836 Equity securities Mutual funds 91,981 - 7,739 84,242 Corporate common stock 91,238 27,523 - 118,761 Total equity securities 183,219 27,523 7,739 203,003 Total fixed maturity and equity securities $ 148,614,229 $ 22,495,364 $ 258,754 $ 170,850,839
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities March 31, 2021 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 705,479 $ 54,313 2 Corporate bonds 2,116,900 12,155 7 Foreign bonds 788,430 26,615 2 Total less than 12 months in an unrealized loss position 3,610,809 93,083 11 More than 12 months in an unrealized loss position Corporate bonds 1,076,776 25,498 3 Asset-backed 372,062 8,301 1 Total more than 12 months in an unrealized loss position 1,448,838 33,799 4 Total fixed maturity securities in an unrealized loss position 5,059,647 126,882 15 Equity securities (mutual funds), less than 12 months in an unrealized loss position 80,010 11,971 1 Total fixed maturity and equity securities in an unrealized loss position $ 5,139,657 $ 138,853 $ 16 December 31, 2020 Fixed maturity securities Less than 12 months in an unrealized loss position States and political subdivisions $ 625,098 $ 31,932 1 Corporate bonds 878,716 41,508 3 Asset-backed 1,047,443 47,813 3 Exchange traded securities 499,800 200 2 Foreign bonds 285,569 28,282 4 Total less than 12 months in an unrealized loss position 3,336,626 149,735 13 More than 12 months in an unrealized loss position Corporate bonds 1,084,205 70,332 3 Foreign bonds 532,875 30,948 1 Total more than 12 months in an unrealized loss position 1,617,080 101,280 4 Total fixed maturity securities in an unrealized loss position 4,953,706 251,015 17 Equity securities (mutual funds), less than 12 months in an unrealized loss position 84,242 7,739 1 Total fixed maturity and equity securities in an unrealized loss position $ 5,037,948 $ 258,754 $ 18
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) March 31, 2021 December 31, 2020 Unrealized appreciation on available-for-sale securities $ 15,455,744 $ 22,216,826 Adjustment to deferred acquisition costs (25,328 ) (41,057 ) Deferred income taxes (3,240,388 ) (4,656,911 ) Net unrealized appreciation on available-for-sale securities $ 12,190,028 $ 17,518,858
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31, (Unaudited) Fixed Maturity Securities Equity Securities 2021 2020 2021 2020 Proceeds $ 2,419,079 $ 5,550,987 $ 88 $ - Gross realized gains 64,150 65,309 89 - Gross realized losses (26,499 ) (3,390 ) - -
Investment Income [Table Text Block]	Three Months Ended March 31, (Unaudited) 2021 2020 Change in unrealized investment losses: Available-for-sale securities: Fixed maturity securities $ (6,761,082 ) $ (13,230,891 ) Preferred stock - (2,300 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities 37,651 61,919 Equity securities, sale of securities 89 - Equity securities, changes in fair value 14,355 (38,417 ) Three Months Ended March 31, (Unaudited) 2021 2020 Fixed maturity securities $ 1,695,894 $ 1,838,382 Preferred stock and equity securities 16,999 32,323 Other long-term investments 1,282,894 1,347,138 Mortgage loans 3,748,232 3,570,405 Policy loans 38,618 37,707 Real estate - 68,682 Short-term and other investments 9,295 24,537 Gross investment income 6,791,932 6,919,174 Investment expenses (643,090 ) (649,331 ) Net investment income $ 6,148,842 $ 6,269,843
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) March 31, 2021 December 31, 2020 Residential mortgage loans $ 160,653,844 $ 163,906,373 Commercial mortgage loans by property type Apartment 335,771 - Industrial 662,642 670,708 Lodging 286,565 290,889 Office building 4,568,229 4,596,331 Retail 3,779,545 5,444,761 Total commercial mortgage loans by property type 9,632,752 11,002,689 Total mortgage loans $ 170,286,596 $ 174,909,062
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) March 31, 2021 December 31, 2020 Land - held for investment $ 540,436 $ 540,436 Total land 540,436 540,436 Residential real estate - held for sale 676,087 217,500 Total residential real estate 676,087 217,500 Investment real estate, net of accumulated depreciation $ 1,216,523 $ 757,936
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	March 31, 2021 (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 $ 3,157,343 $ 3,211,021 $ 12,151,361 $ 12,387,898 Due after one year through five years 27,986,899 29,883,166 35,194,106 39,428,299 Due after five years through ten years 43,019,490 47,296,731 16,004,575 20,838,152 Due after ten years 75,739,628 84,952,813 6,544,631 11,715,219 Due at multiple maturity dates 13,564 28,937 - - $ 149,916,924 $ 165,372,668 $ 69,894,673 $ 84,369,568

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total March 31, 2021 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 432,846 $ - $ 432,846 States and political subdivisions - 9,432,943 - 9,432,943 Residential mortgage-backed securities - 28,937 - 28,937 Corporate bonds - 120,256,366 - 120,256,366 Asset-backed securities - 1,813,451 - 1,813,451 Exchange traded securities - 524,600 - 524,600 Foreign bonds - 32,263,117 - 32,263,117 Certificate of deposits - 620,408 - 620,408 Total fixed maturity securities $ - $ 165,372,668 $ - $ 165,372,668 Equity securities Mutual funds $ - $ 80,010 $ - $ 80,010 Corporate common stock 70,216 - 63,078 133,294 Total equity securities $ 70,216 $ 80,010 $ 63,078 $ 213,304 December 31, 2020 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 434,303 $ - $ 434,303 States and political subdivisions - 9,689,756 - 9,689,756 Residential mortgage-backed securities - 28,442 - 28,442 Corporate bonds - 123,135,359 - 123,135,359 Asset-backed securities - 2,037,269 - 2,037,269 Exchange traded securities - 499,800 - 499,800 Foreign bonds 34,198,367 34,198,367 Certificate of deposits - 624,540 - 624,540 Total fixed maturity securities $ - $ 170,647,836 $ - $ 170,647,836 Equity securities Mutual funds $ - $ 84,242 $ - $ 84,242 Corporate common stock 51,629 - 67,132 118,761 Total equity securities $ 51,629 $ 84,242 $ 67,132 $ 203,003
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Unaudited Three Months Ended March 31, 2021 2020 Beginning balance $ 67,133 $ 64,107 Joint venture net income 14,640 29,220 Joint venture distribution (18,695 ) (27,039 ) Ending balance $ 63,078 $ 66,288
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 March 31, 2021 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 9,632,752 $ 9,680,855 $ - $ - $ 9,680,855 Residential 160,653,844 182,365,238 - - 182,365,238 Policy loans 2,081,550 2,081,550 - - 2,081,550 Short-term investments 3,305,063 3,305,063 3,305,063 - - Other long-term investments 69,894,673 84,369,568 - - 84,369,568 Cash and cash equivalents 45,484,553 45,484,553 45,484,553 - - Accrued investment income 5,214,481 5,214,481 - - 5,214,481 Total financial assets $ 296,266,916 $ 332,501,308 $ 48,789,616 $ - $ 283,711,692 Financial liabilities Policyholders' account balances $ 370,483,377 $ 371,574,730 $ - $ - $ 371,574,730 Policy claims 1,873,862 1,873,862 - - 1,873,862 Total financial liabilities $ 372,357,239 $ 373,448,592 $ - $ - $ 373,448,592 December 31, 2020 Financial assets Mortgage loans on real estate Commercial $ 11,002,689 $ 11,085,406 $ - $ - $ 11,085,406 Residential 163,906,373 184,802,993 - - 184,802,993 Policy loans 2,108,678 2,108,678 - - 2,108,678 Short-term investments 3,309,020 3,309,020 3,309,020 - - Other long-term investments 71,025,133 89,264,246 - - 89,264,246 Cash and cash equivalents 40,230,095 40,230,095 40,230,095 - - Accrued investment income 5,370,508 5,370,508 - - 5,370,508 Total financial assets $ 296,952,496 $ 336,170,946 $ 43,539,115 $ - $ 292,631,831 Financial liabilities Policyholders' account balances $ 362,519,753 $ 380,666,901 $ - $ - $ 380,666,901 Policy claims 2,099,548 2,099,548 - - 2,099,548 Total financial liabilities $ 364,619,301 $ 382,766,449 $ - $ - $ 382,766,449

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, (Unaudited) 2021 2020 Revenues: Life insurance operations $ 8,036,885 $ 7,325,468 Annuity operations 5,041,530 5,220,251 Corporate operations 214,159 137,787 Total $ 13,292,574 $ 12,683,506 Income before income taxes: Life insurance operations $ (942,009 ) $ 64,404 Annuity operations 524,530 911,918 Corporate operations (101,965 ) 40,062 Total $ (519,444 ) $ 1,016,384 Depreciation and amortization expense: Life insurance operations $ 1,541,194 $ 1,032,387 Annuity operations 328,360 302,350 Total $ 1,869,554 $ 1,334,737
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) March 31, 2021 December 31, 2020 Assets: Life insurance operations $ 118,832,660 $ 120,484,734 Annuity operations 514,521,535 518,257,307 Corporate operations 4,437,065 4,853,228 Total $ 637,791,260 $ 643,595,269

Note 7 - Other Comprehensive _2

Note 7 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, 2021 and 2020 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (5,311,511 ) 12,425 (5,299,086 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 29,744 - 29,744 Other comprehensive loss (5,341,255 ) 12,425 (5,328,830 ) Balance as of March 31, 2021 $ 12,210,024 $ (19,996 ) $ 12,190,028 Balance as of January 1, 2020 $ 9,632,323 $ (15,663 ) $ 9,616,660 Other comprehensive loss before reclassifications, net of tax (10,405,305 ) 17,265 (10,388,040 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 48,916 - 48,916 Other comprehensive loss (10,454,221 ) 17,265 (10,436,956 ) Balance as of March 31, 2020 $ (821,898 ) $ 1,602 $ (820,296 )
Comprehensive Income (Loss) [Table Text Block]	Income Tax Pretax Expense (Benefit) Net of Tax Three Months Ended March 31, 2021 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (6,723,431 ) $ (1,411,920 ) $ (5,311,511 ) Reclassification adjustment for net gains included in operations having no credit losses 37,651 7,907 29,744 Net unrealized losses on investments (6,761,082 ) (1,419,827 ) (5,341,255 ) Adjustment to deferred acquisition costs 15,729 3,304 12,425 Total other comprehensive loss $ (6,745,353 ) $ (1,416,523 ) $ (5,328,830 ) Three Months Ended March 31, 2020 (Unaudited) Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (13,171,272 ) $ (2,765,967 ) $ (10,405,305 ) Reclassification adjustment for net gains included in operations having no credit losses 61,919 13,003 48,916 Net unrealized losses on investments (13,233,191 ) (2,778,970 ) (10,454,221 ) Adjustment to deferred acquisition costs 21,855 4,590 17,265 Total other comprehensive loss $ (13,211,336 ) $ (2,774,380 ) $ (10,436,956 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, (Unaudited) Reclassification Adjustments 2021 2020 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains on sales of securities (a) $ 37,651 $ 61,919 Income tax expense (b) 7,907 13,003 Total reclassification adjustments $ 29,744 $ 48,916

Note 8 - Allowance for Loan L_2

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	As of and for the Three Months Ended March 31, (Unaudited) Residential Mortgage Loans Commercial Mortgage Loans Total 2021 2020 2021 2020 2021 2020 Allowance, beginning $ 486,604 $ 443,057 $ 55,290 $ 62,321 $ 541,894 $ 505,378 Charge offs - - - - - - Recoveries - - - - - - Provision (23,830 ) (7,644 ) (6,884 ) 5,784 (30,714 ) (1,860 ) Allowance, ending $ 462,774 $ 435,413 $ 48,406 $ 68,105 $ 511,180 $ 503,518 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 462,774 $ 435,413 $ 48,406 $ 68,105 $ 511,180 $ 503,518 Carrying Values: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 92,131,184 $ 86,718,925 $ 9,632,752 $ 13,552,929 $ 101,763,936 $ 100,271,854
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Over 70% to 80% $ 55,465,826 $ 53,905,657 $ - $ - $ 55,465,826 $ 53,905,657 Over 60% to 70% 45,413,107 50,752,236 1,606,547 1,608,934 47,019,654 52,361,170 Over 50% to 60% 25,597,828 27,493,242 2,734,710 2,391,856 28,332,538 29,885,098 Over 40% to 50% 14,644,107 13,875,675 958,172 786,143 15,602,279 14,661,818 Over 30% to 40% 7,905,547 7,846,306 1,165,665 1,176,419 9,071,212 9,022,725 Over 20% to 30% 5,985,876 5,538,886 2,913,750 2,774,020 8,899,626 8,312,906 Over 10% to 20% 5,060,114 3,699,228 55,471 2,072,994 5,115,585 5,772,222 10% or less 581,439 795,143 198,437 192,323 779,876 987,466 Total $ 160,653,844 $ 163,906,373 $ 9,632,752 $ 11,002,689 $ 170,286,596 $ 174,909,062

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Jan. 01, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 458,587	$ 744,091
K-TENN Insurance Company ("K-TENN") [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total				$ 1,916,281
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	170,041			$ 170,041
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 458,587	$ 744,091	$ 797,158

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Supplement Disclosures (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reductions in mortgage loans due to foreclosure	$ 458,587	$ 744,091
Investment real estate held-for-sale acquired through foreclosure	(458,587)	(744,091)
Net cash used in investing activities

Supplemental Disclosure - Cas_5

Supplemental Disclosure - Cash and Non-Cash Impact on Operating, Investing and Financing Activities - Acquisition (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jan. 01, 2020
Cash provided in acquisition of K-TENN Insurance Company		$ 1,110,299
K-TENN Insurance Company ("K-TENN") [Member]
Cash used in acquisition of K-TENN Insurance Company
Cash provided in acquisition of K-TENN Insurance Company	1,110,299
Increase in cash from acquisition of K-TENN Insurance Company	1,110,299
Available-for-sale fixed maturity securities	800,000
Policy loans	1,045
Accrued investment income	490
Due premiums	3,986
Other assets	461
Total fair value of assets acquired (excluding cash)	805,982
Future policy benefits	150,583
Other policy liabilities	9,212
Other liabilities	10,246
Total fair value of liabilities assumed	170,041		$ 170,041
Fair value of net assets acquired in acquisition of K-TENN Insurance Company (excluding cash)	635,941
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 1,746,240		$ 1,746,240

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)	Jan. 01, 2020USD ($)shares	Apr. 03, 2018USD ($)	Apr. 28, 2015USD ($)	Dec. 28, 2011USD ($)	Dec. 31, 2008USD ($)	Dec. 23, 2008USD ($)	Mar. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2004USD ($)	Mar. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2012USD ($)shares	Mar. 08, 2013USD ($)	Mar. 08, 2013USD ($)shares	Oct. 02, 2019shares	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 (in shares) | shares											702,685
Number of Stock Dividends											2
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ / shares										$ 0.05
Dividends, Cash, Total								$ 393,178
Treasury Stock, Shares, Acquired (in shares) | 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 (in dollars per share) | $ / shares							$ 0.01			$ 0.01
Common Class A [Member]
Common Stock Dividends, Shares (in shares) | shares								791,339
Stock Issued During Period, Value, Stock Dividend								$ 8,657,249
Dividends, Common Stock, Stock Percent								10.00%
Common Stock, Shares Authorized (in shares) | shares							40,000,000	40,000,000		40,000,000				40,000,000
Percent of Dividends														100.00%
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares							$ 0.01	$ 0.01		$ 0.01
Common Class B [Member]
Common Stock, Shares Authorized (in shares) | shares							10,000,000	10,000,000		10,000,000				10,000,000
Percent of Dividends														85.00%
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares							$ 0.01	$ 0.01		$ 0.01
Retained Earnings [Member]
Dividends, Common Stock, Total								$ 8,657,249			$ 5,270,138
Common Stock Including Additional Paid in Capital [Member]
Stock Issued During Period, Value, Stock Dividend											$ 5,270,138
K-TENN Insurance Company ("K-TENN") [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	168,866
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred, Total	$ 1,746,240
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 1,746,240						$ 1,746,240			$ 1,746,240
Trinity American, Inc. ("TAI") [Member]
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Business Combination, Consideration Transferred, Total		$ 250,000
Trinity American, Inc. ("TAI") [Member]
Wholly Owned Subsidiary Ownership Percentage							100.00%			100.00%
Term Products 10 Year [Member]
Term Products Number of Years (Year)							10 years
Term Products 15 Year [Member]
Term Products Number of Years (Year)							15 years
Term Products 20 Year [Member]
Term Products Number of Years (Year)							20 years
Term Products 30 Year [Member]
Term Products Number of Years (Year)							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 (Year)					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 (in shares) | shares													7,347,488
Payments of Stock Issuance Costs													$ 3,624,518

Note 2 - Investments (Details T

Note 2 - Investments (Details Textual)	Nov. 16, 2020USD ($)ft²a	Mar. 31, 2021USD ($)a	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Fair Value to Cost Ratio		98.00%
Deposit Assets, Total		$ 4,472,410		$ 4,464,398
Other Assets, Fair Value Disclosure		$ 4,540,370		$ 4,531,967
Number Of Loans Past Due		20		24
Financing Receivable, 90 Days or More Past Due, Still Accruing		$ 4,742,229		$ 3,979,997
Past Due Loans, Term Past Due (Day)		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		$ 458,587	$ 744,091
Real Estate Investments, Net, Total		1,216,523		$ 757,936
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	$ 744,091	797,158
Real Estate Investments, Net, Total				791,704
Gains (Losses) on Sales of Investment Real Estate				106,665
Proceeds from Sale of Real Estate Held-for-investment, Total				$ 898,369
Trinity Life Insurance Company [Member] | Topeka Kansas [Member] | Office Building [Member]
Area of Real Estate Property (Square Foot) | ft²	20,000
TLIC [Member] | Topeka Kansas [Member]
Area of Land (Acre) | a	3
TLIC [Member] | Topeka Kansas [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a		3
TLIC [Member] | Topeka Kansas [Member] | Office Building [Member]
Real Estate Held-for-sale	$ 1,078,037
Gain (Loss) on Investments, Total	240,374
Proceeds from Sale of Real Estate, Total	$ 1,318,411
TLIC [Member] | Topeka Kansas [Member] | Underdeveloped Land [Member]
Land		$ 409,436
FBLIC [Member] | Jefferson City Missouri [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a		0.5
FBLIC [Member] | Jefferson City Missouri [Member] | Underdeveloped Land [Member]
Land		$ 131,000
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total		15		17
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total		$ 126,882		$ 251,015
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		5,059,647		4,953,706
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost		$ 5,186,529		$ 5,204,721
Fair Value to Cost Ratio				95.00%
Fixed Maturity Securities, Investment Grade Percentage				92.00%
Equity Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total		1		1
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total		$ 11,971		$ 7,739
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		80,010		84,242
Available-for-sale Securities Continuous Unrealized Loss Position Amortized Cost		$ 91,981		$ 91,981
Fair Value to Cost Ratio		95.00%		97.00%
Fixed Maturity Securities, Investment Grade Percentage		87.00%
Debt Security, Corporate, Non-US [Member]
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total				$ 850,000
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings				801,340
Lottery Prize Cash Flows [Member]
Other Investments, Total		$ 69,894,673		$ 71,025,133

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2012
Debt and Equity Securities, amortized cost or cost	$ 150,096,089		$ 148,614,229
Debt and Equity Securities, gross unrealized gains	15,628,736		22,495,364
Debt and Equity Securities, gross unrealized losses	138,853		258,754
Debt and Equity Securities, fair value	165,585,972		170,850,839
US Treasury and Government [Member]
Available-for-sale securities at cost	430,000		430,735
Securities, gross unrealized gains	2,846		3,568
Securities, gross unrealized losses
Fixed maturity available-for-sale securities - fair value	432,846		434,303
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	8,814,725		8,830,403
Securities, gross unrealized gains	672,531		891,285
Securities, gross unrealized losses	54,313		31,932
Fixed maturity available-for-sale securities - fair value	9,432,943		9,689,756
Residential Mortgage Backed Securities [Member]
Available-for-sale securities at cost	13,564		14,022
Securities, gross unrealized gains	15,373		14,420
Securities, gross unrealized losses
Fixed maturity available-for-sale securities - fair value	28,937		28,442
Corporate Debt Securities [Member]
Available-for-sale securities at cost	108,592,263		106,387,417
Securities, gross unrealized gains	11,701,756		16,859,782
Securities, gross unrealized losses	37,653		111,840
Fixed maturity available-for-sale securities - fair value	120,256,366		123,135,359
Asset-backed Securities [Member]
Available-for-sale securities at cost	1,775,713		2,052,174
Securities, gross unrealized gains	46,039		32,908
Securities, gross unrealized losses	8,301		47,813
Fixed maturity available-for-sale securities - fair value	1,813,451		2,037,269
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	500,000		500,000
Securities, gross unrealized gains	24,600
Securities, gross unrealized losses			200
Fixed maturity available-for-sale securities - fair value	524,600		499,800
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	29,190,659		29,616,259
Securities, gross unrealized gains	3,099,073		4,641,338
Securities, gross unrealized losses	26,615		59,230
Fixed maturity available-for-sale securities - fair value	32,263,117		34,198,367
Certificates of Deposit [Member]
Available-for-sale securities at cost	600,000		600,000
Securities, gross unrealized gains	20,408		24,540
Securities, gross unrealized losses
Fixed maturity available-for-sale securities - fair value	620,408		624,540
Debt Securities [Member]
Available-for-sale securities at cost	149,916,924	$ 148,431,010	148,431,010
Securities, gross unrealized gains	15,582,626		22,467,841
Securities, gross unrealized losses	126,882		251,015
Fixed maturity available-for-sale securities - fair value	165,372,668	170,647,836	170,647,836
Mutual Fund [Member]
Equity Securities, cost	91,981		91,981
Equity securities, gross unrealized gains
Equity Securities, gross unrealized losses	11,971		7,739
Equity securities	80,010		84,242
Common Stock [Member]
Equity Securities, cost	87,184		91,238
Equity securities, gross unrealized gains	46,110		27,523
Equity Securities, gross unrealized losses
Equity securities	133,294		118,761
Equity Securities [Member]
Equity Securities, cost	179,165	183,219	183,219
Equity securities, gross unrealized gains	46,110		27,523
Equity Securities, gross unrealized losses	11,971		7,739
Equity securities	$ 213,304	$ 203,003	$ 203,003

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Debt and equity securities in an unrealized loss position, fair value	$ 5,139,657	$ 5,037,948
Debt and equity securities in an unrealized loss position, unrealized loss	$ 138,853	$ 258,754
Debt and equity securities in an unrealized loss position, number	16	18
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 705,479	$ 625,098
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 54,313	$ 31,932
Securities in an unrealized loss position, less than twelve months, number	2	1
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 2,116,900	$ 878,716
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 12,155	$ 41,508
Securities in an unrealized loss position, less than twelve months, number	7	3
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,076,776	$ 1,084,205
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 25,498	$ 70,332
Securities in an unrealized loss position, more than twelve months, number	3	3
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 788,430	$ 285,569
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 26,615	$ 28,282
Securities in an unrealized loss position, less than twelve months, number	2	4
Securities in an unrealized loss position, more than twelve months, fair value		$ 532,875
Securities in an unrealized loss position, more than twelve months, unrealized loss		$ 30,948
Securities in an unrealized loss position, more than twelve months, number		1
Asset-backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 372,062	$ 1,047,443
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 8,301	$ 47,813
Securities in an unrealized loss position, less than twelve months, number	1	3
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,610,809	$ 3,336,626
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 93,083	$ 149,735
Securities in an unrealized loss position, less than twelve months, number	11	13
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,448,838	$ 1,617,080
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 33,799	$ 101,280
Securities in an unrealized loss position, more than twelve months, number	4	4
Securities in an unrealized loss position, fair value	$ 5,059,647	$ 4,953,706
Securities in an unrealized loss position, unrealized loss	$ 126,882	$ 251,015
Securities in an unrealized loss position, number	15	17
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value		$ 499,800
Securities in an unrealized loss position, less than twelve months, unrealized loss		$ 200
Securities in an unrealized loss position, less than twelve months, number		2
Equity Securities [Member]
Equity securities in an unrealized loss position, less than twelve months, fair value	$ 80,010	$ 84,242
Equity securities in an unrealized loss position, less than twelve months, unrealized loss	$ 11,971	$ 7,739
Equity securities in an unrealized loss position, less than twelve months, number	1	1

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Unrealized appreciation on available-for-sale securities	$ 15,455,744	$ 22,216,826
Adjustment to deferred acquisition costs	(25,328)	(41,057)
Deferred income taxes	(3,240,388)	(4,656,911)
Net unrealized appreciation on available-for-sale securities	$ 12,190,028	$ 17,518,858

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details)	Mar. 31, 2021USD ($)
Fixed Maturities [Member]
Due in one year or less - amortized cost	$ 3,157,343
Due in one year or less - fair value	3,211,021
Due in one year through five years - amortized cost	27,986,899
Due after one year through five years- fair value	29,883,166
Due after five years through ten years - amortized cost	43,019,490
Due after five years through ten years - fair value	47,296,731
Due after ten years - amortized cost	75,739,628
Due after ten years - fair value	84,952,813
Due at multiple maturity dates - amortized cost	13,564
Due at multiple maturity dates - fair value	28,937
Fixed maturity available-for-sale securities - amortized cost	149,916,924
Fixed maturity available-for-sale securities - fair value	165,372,668
Other Long-term Investments [Member]
Due in one year or less - amortized cost	12,151,361
Due in one year or less - fair value	12,387,898
Due in one year through five years - amortized cost	35,194,106
Due after one year through five years- fair value	39,428,299
Due after five years through ten years - amortized cost	16,004,575
Due after five years through ten years - fair value	20,838,152
Due after ten years - amortized cost	6,544,631
Due after ten years - fair value	11,715,219
Due at multiple maturity dates - amortized cost
Due at multiple maturity dates - fair value
Fixed maturity available-for-sale securities - amortized cost	69,894,673
Fixed maturity available-for-sale securities - fair value	$ 84,369,568

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 2,419,079	$ 5,550,987
Gross realized gains on sale of investments	64,150	65,309
Gross realized losses on sale of investments	(26,499)	(3,390)
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	88
Gross realized gains on sale of investments	89
Gross realized losses on sale of investments

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Change in unrealized investment gains (losses)	$ (5,341,255)	$ (10,454,221)
Gross Investment income	6,791,932	6,919,174
Investment expenses	(643,090)	(649,331)
Net investment income	6,148,842	6,269,843
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(6,761,082)	(13,230,891)
Net realized investment gains (losses)	37,651	61,919
Gross Investment income	1,695,894	1,838,382
Equity Securities [Member]
Equity securities, sale of securities	89
Equity securities, changes in fair value	14,355	(38,417)
Gross Investment income	16,999	32,323
Preferred Stock [Member]
Change in unrealized investment gains (losses)		(2,300)
Other Long-term Investments [Member]
Gross Investment income	1,282,894	1,347,138
Mortgages [Member]
Gross Investment income	3,748,232	3,570,405
Policy Loans [Member]
Gross Investment income	38,618	37,707
Real Estate Investment [Member]
Gross Investment income		68,682
Short-term Investments [Member]
Gross Investment income	$ 9,295	$ 24,537

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 170,286,596	$ 174,909,062
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	160,653,844	163,906,373
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	9,632,752	11,002,689
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	662,642	670,708
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	335,771
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	286,565	290,889
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	4,568,229	4,596,331
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,779,545	$ 5,444,761

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Investment real estate, net	$ 1,216,523	$ 757,936
Land Held for Sale [Member]
Investment real estate	540,436	540,436
Land [Member]
Investment real estate	540,436	540,436
Residential Real Estate - Held for Sale [Member]
Investment real estate	676,087	217,500
Residential [Member]
Investment real estate	$ 676,087	$ 217,500

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements (Details Textual)	Mar. 31, 2021	Dec. 31, 2020
Number Of Private Placement Common Stocks	2	2

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2012
Fair Value, Recurring [Member]
Equity securities	$ 213,304	$ 203,003
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	70,216	51,629
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	80,010	84,242
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	63,078	67,132
US Treasury and Government [Member]
Fixed maturity available-for-sale securities - fair value	432,846		$ 434,303
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	432,846	434,303
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	432,846	434,303
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	9,432,943		9,689,756
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,432,943	9,689,756
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,432,943	9,689,756
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Residential Mortgage Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	28,937		28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	28,937	28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	28,937	28,442
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Corporate Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	120,256,366		123,135,359
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	120,256,366	123,135,359
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	120,256,366	123,135,359
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Asset-backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	1,813,451		2,037,269
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,813,451	2,037,269
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,813,451	2,037,269
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Exchange-traded Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	524,600		499,800
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	524,600	499,800
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	524,600	499,800
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Security, Government, Non-US [Member]
Fixed maturity available-for-sale securities - fair value	32,263,117		34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	32,263,117	34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	32,263,117	34,198,367
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Certificates of Deposit [Member]
Fixed maturity available-for-sale securities - fair value	620,408		624,540
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	620,408	624,540
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	620,408	624,540
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	165,372,668	170,647,836	170,647,836
Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	165,372,668	170,647,836
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	165,372,668	170,647,836
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value
Mutual Fund [Member]
Equity securities	80,010		84,242
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	80,010	84,242
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities
Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	80,010	84,242
Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities
Common Stock [Member]
Equity securities	133,294		$ 118,761
Common Stock [Member] | Fair Value, Recurring [Member]
Equity securities	133,294	118,761
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	70,216	51,629
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	$ 63,078	$ 67,132

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Beginning balance	$ 67,133	$ 64,107
Joint venture net income	14,640	29,220
Joint venture distribution	(18,695)	(27,039)
Ending balance	$ 63,078	$ 66,288

Note 3 - Fair Value Measureme_6

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Policy loans	$ 2,081,550	$ 2,108,678
Accrued investment income	5,214,481	5,370,508
Policy claims	1,873,862	2,099,548
Reported Value Measurement [Member]
Policy loans	2,081,550	2,108,678
Short-term investments	3,305,063	3,309,020
Other long-term investments	69,894,673	71,025,133
Cash and cash equivalents	45,484,553	40,230,095
Accrued investment income	5,214,481	5,370,508
Total financial assets	296,266,916	296,952,496
Policyholders' account balances	370,483,377	362,519,753
Policy claims	1,873,862	2,099,548
Total financial liabilities	372,357,239	364,619,301
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	9,632,752	11,002,689
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	160,653,844	163,906,373
Estimate of Fair Value Measurement [Member]
Policy loans	2,081,550	2,108,678
Short-term investments	3,305,063	3,309,020
Other long-term investments	84,369,568	89,264,246
Cash and cash equivalents	45,484,553	40,230,095
Accrued investment income	5,214,481	5,370,508
Total financial assets	332,501,308	336,170,946
Policyholders' account balances	371,574,730	380,666,901
Policy claims	1,873,862	2,099,548
Total financial liabilities	373,448,592	382,766,449
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans
Short-term investments	3,305,063	3,309,020
Other long-term investments
Cash and cash equivalents	45,484,553	40,230,095
Accrued investment income
Total financial assets	48,789,616	43,539,115
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	2,081,550	2,108,678
Short-term investments
Other long-term investments	84,369,568	89,264,246
Cash and cash equivalents
Accrued investment income	5,214,481	5,370,508
Total financial assets	283,711,692	292,631,831
Policyholders' account balances	371,574,730	380,666,901
Policy claims	1,873,862	2,099,548
Total financial liabilities	373,448,592	382,766,449
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	9,680,855	11,085,406
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	9,680,855	11,085,406
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	182,365,238	184,802,993
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	$ 182,365,238	$ 184,802,993

Note 4 - Segment Data - Segment

Note 4 - Segment Data - Segment Data - Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Total revenue	$ 13,292,574	$ 12,683,506
Income before income taxes	(519,444)	1,016,384
Depreciation and amortization expense	1,869,554	1,334,737
Life Insurance Operations [Member]
Total revenue	8,036,885	7,325,468
Income before income taxes	(942,009)	64,404
Depreciation and amortization expense	1,541,194	1,032,387
Annuity Operations [Member]
Total revenue	5,041,530	5,220,251
Income before income taxes	524,530	911,918
Depreciation and amortization expense	328,360	302,350
Corporate Segment [Member]
Total revenue	214,159	137,787
Income before income taxes	$ (101,965)	$ 40,062

Note 4 - Segment Data - Assets

Note 4 - Segment Data - Assets (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Total assets	$ 637,791,260	$ 643,595,269
Life Insurance Operations [Member]
Total assets	118,832,660	120,484,734
Annuity Operations [Member]
Total assets	514,521,535	518,257,307
Corporate Segment [Member]
Total assets	$ 4,437,065	$ 4,853,228

Note 5 - Federal Income Taxes (

Note 5 - Federal Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2021
Domestic Tax Authority [Member]
Open Tax Year	2017 2018 2019

Note 6 - Legal Matters and Co_2

Note 6 - Legal Matters and Contingent Liabilities (Details Textual) - Case No. CJ-2013-03385 [Member] - Mr. Pettigrew [Member]	Feb. 17, 2017USD ($)
First Trinity Financial Corporation [Member]
Loss Contingency, Damages Awarded, Value	$ 800,000
Mr. Zahn [Member]
Loss Contingency, Damages Awarded, Value	$ 3,500,000

Note 7 - Other Comprehensive _3

Note 7 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Balance	$ 69,852,212	$ 57,418,262
Total other comprehensive loss	(5,328,830)	(10,436,956)
Balance	64,062,730	49,516,802
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance	17,551,279	9,632,323
Other comprehensive loss before reclassifications, net of tax	(5,311,511)	(10,405,305)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	29,744	48,916
Total other comprehensive loss	(5,341,255)	(10,454,221)
Balance	12,210,024	(821,898)
Adjustment to Deferred Acquisition Costs [Member]
Balance	(32,421)	(15,663)
Other comprehensive loss before reclassifications, net of tax	12,425	17,265
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax
Total other comprehensive loss	12,425	17,265
Balance	(19,996)	1,602
AOCI Attributable to Parent [Member]
Balance	17,518,858	9,616,660
Other comprehensive loss before reclassifications, net of tax	(5,299,086)	(10,388,040)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	29,744	48,916
Total other comprehensive loss	(5,328,830)	(10,436,956)
Balance	$ 12,190,028	$ (820,296)

Note 7 - Other Comprehensive _4

Note 7 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) (Details) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Unrealized holding gains (losses) arising during the period, pretax		$ (6,723,431)	$ (13,171,272)
Unrealized holding gains (losses) arising during the period, income tax expense (benefit)		(1,411,920)	(2,765,967)
Unrealized holding gains (losses) arising during the period, net of tax		(5,311,511)	(10,405,305)
Realized gains (losses) on sales of securities	[1]	37,651	61,919
Income tax expense (benefit)	[2]	7,907	13,003
Reclassification adjustment for net gains included in operation having no credit losses, net of tax		29,744	48,916
Net unrealized gains (losses) on investments, pretax		(6,761,082)	(13,233,191)
Net unrealized gains (losses) on investments, income tax expense (benefit)		(1,419,827)	(2,778,970)
Net unrealized gains (losses) on investments, net of tax		(5,341,255)	(10,454,221)
Adjustment to deferred acquisition costs, pretax		15,729	21,855
Adjustment to deferred acquisition costs, income tax expense (benefit)		3,304	4,590
Adjustment to deferred acquisition costs, net of tax		12,425	17,265
Total other comprehensive income (loss), pretax		(6,745,353)	(13,211,336)
Total other comprehensive income (loss), income tax expense (benefit)		(1,416,523)	(2,774,380)
Total other comprehensive income (loss), net of tax		$ (5,328,830)	$ (10,436,956)
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 7 - Other Comprehensive _5

Note 7 - Other Comprehensive Loss and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Realized gains (losses) on sales of securities	[1]	$ 37,651	$ 61,919
Income tax expense (benefit)	[2]	7,907	13,003
Total reclassification adjustments		$ 29,744	$ 48,916
[1]	These items appear within net realized investment gains in the consolidated statements of operations.
[2]	These items appear within federal income taxes in the consolidated statements of operations.

Note 8 - Allowance for Loan L_3

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 170,286,596	$ 174,909,062
Financing Receivable, Collectively Evaluated for Impairment	101,763,936	107,880,342
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	511,180	541,894
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	757,625	766,667
Escrow Amount Available	415,012	431,523
Advances To Loan Originator	3,999,032	4,996,358
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	342,613	335,144
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	68,522,660	$ 67,028,720
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 68,522,660		$ 66,609,678

Note 8 - Allowance for Loan L_4

Note 8 - Allowance for Loan Losses From Mortgage Loans On Real Estate - Allowance for Loss on Premium Financing (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Provision	$ (30,714)	$ (1,860)
Financing Receivable, Collectively Evaluated for Impairment	101,763,936		$ 107,880,342
Residential Portfolio Segment [Member]
Allowance, beginning	486,604	443,057
Provision	(23,830)	(7,644)
Allowance, ending	462,774	435,413
Collectively evaluated for impairment	462,774	435,413
Financing Receivable, Collectively Evaluated for Impairment	92,131,184	86,718,925
Commercial Portfolio Segment [Member]
Allowance, beginning	55,290	62,321
Provision	(6,884)	5,784
Allowance, ending	48,406	68,105
Collectively evaluated for impairment	48,406	68,105
Financing Receivable, Collectively Evaluated for Impairment	9,632,752	13,552,929
Premium Finance Loans [Member]
Allowance, beginning	541,894	505,378
Provision	(30,714)	(1,860)
Allowance, ending	511,180	503,518
Collectively evaluated for impairment	511,180	503,518
Financing Receivable, Collectively Evaluated for Impairment	$ 101,763,936	$ 100,271,854

Note 8 - Allowance for Loan L_5

Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Mortgage Loan to Value Ratios (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Mortgage loans on real estate	$ 170,286,596	$ 174,909,062
Loan to Value Range1 [Member]
Mortgage loans on real estate	55,465,826	53,905,657
Loan to Value Range 2 [Member]
Mortgage loans on real estate	47,019,654	52,361,170
Loan to Value Range 3 [Member]
Mortgage loans on real estate	28,332,538	29,885,098
Loan to Value Range 4 [Member]
Mortgage loans on real estate	15,602,279	14,661,818
Loan to Value Range 5 [Member]
Mortgage loans on real estate	9,071,212	9,022,725
Loan to Value Range 6 [Member]
Mortgage loans on real estate	8,899,626	8,312,906
Loan to Value Range 7 [Member]
Mortgage loans on real estate	5,115,585	5,772,222
Loan to Value Range 8 [Member]
Mortgage loans on real estate	779,876	987,466
Residential Portfolio Segment [Member]
Mortgage loans on real estate	160,653,844	163,906,373
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	55,465,826	53,905,657
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	45,413,107	50,752,236
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	25,597,828	27,493,242
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	14,644,107	13,875,675
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	7,905,547	7,846,306
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	5,985,876	5,538,886
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	5,060,114	3,699,228
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	581,439	795,143
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	9,632,752	11,002,689
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	1,606,547	1,608,934
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	2,734,710	2,391,856
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	958,172	786,143
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	1,165,665	1,176,419
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	2,913,750	2,774,020
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	55,471	2,072,994
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 198,437	$ 192,323

Note 9 - Coinsurance (Details T

Note 9 - Coinsurance (Details Textual)	Mar. 31, 2021	Apr. 01, 2020	Jan. 01, 2018
Percent Ceded		0.00%	90.00%
Additional Percentage of Assets in Trust above Required Annuity Reserve	4.00%

Note 10 - Line of Credit (Detai

Note 10 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	Sep. 25, 2020	Sep. 25, 2020	Mar. 31, 2021	Dec. 31, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500	$ 1,500
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.00%
Long-term Line of Credit, Total			$ 0	$ 0
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.50%	4.50%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%