First Trinity Financial (FTFC) 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 08, 2022
Document Information [Line Items]
Entity Central Index Key	0001395585
Entity Registrant Name	First Trinity Financial Corp.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-52613
Entity Incorporation, State or Country Code	OK
Entity Tax Identification Number	34-1991436
Entity Address, Address Line One	7633 East 63rd Place, Suite 230
Entity Address, City or Town	Tulsa
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74133-1246
City Area Code	918
Local Phone Number	249-2438
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		101,102
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,384,340

Consolidated Statements of Fina

Consolidated Statements of Financial Position (Current Period Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investments
Mortgage loans on real estate	$ 195,610,149	$ 177,508,051
Investment real estate	635,278	688,345
Policy loans	2,502,435	2,272,629
Short-term investments	3,372,157	3,296,838
Other long-term investments	64,033,072	65,929,215
Total investments	415,029,372	434,120,334
Cash and cash equivalents	18,259,194	42,528,046
Accrued investment income	5,009,611	4,879,290
Recoverable from reinsurers	11,370,084	1,046,381
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	195,610,149	177,508,051
Cash and cash equivalents	18,259,194	42,528,046
Agents' balances and due premiums	1,458,283	1,713,050
Deferred policy acquisition costs	52,535,167	49,717,323
Value of insurance business acquired	4,179,535	4,318,499
Other assets	30,246,639	15,225,765
Total assets	633,852,089	659,758,934
Policy liabilities
Policyholders' account balances	371,331,371	373,647,869
Future policy benefits	102,949,380	88,735,716
Policy claims	2,435,827	2,381,183
Other policy liabilities	185,993	88,847
Total policy liabilities	476,902,571	464,853,615
Funds withheld under coinsurance agreement	96,409,968	106,586,633
Deferred federal income taxes	3,408,861	8,966,303
Other liabilities	4,671,298	10,957,832
Total liabilities	581,392,698	591,364,383
Shareholders' equity
Additional paid-in capital	43,668,023	39,078,485
Treasury stock, at cost (247,580 shares as of June 30, 2022 and December 31, 2021)	(893,947)	(893,947)
Accumulated other comprehensive income (loss)	(9,698,847)	13,203,827
Accumulated earnings	19,286,832	16,916,082
Total shareholders' equity	52,459,391	68,394,551
Total liabilities and shareholders' equity	633,852,089	659,758,934
Common Class A [Member]
Shareholders' equity
Common stock	96,319	89,093
Common Class B [Member]
Shareholders' equity
Common stock	1,011	1,011
Trinity Life Insurance Company [Member]
Investments
Mortgage loans on real estate	34,017,015	33,049,329
Cash and cash equivalents	3,415,979	4,413,384
Assets held in trust under coinsurance agreement
Mortgage loans on real estate	34,017,015	33,049,329
Cash and cash equivalents	3,415,979	4,413,384
Total assets held in trust under coinsurance agreement	95,764,204	106,210,246
Debt Securities [Member]
Investments
Available-for-sale fixed maturity securities at fair value	148,558,629	184,077,038
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	148,558,629	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Investments
Available-for-sale fixed maturity securities at fair value	58,331,210	68,747,533
Assets held in trust under coinsurance agreement
Available-for-sale fixed maturity securities at fair value	58,331,210	68,747,533
Equity Securities [Member]
Investments
Equity securities at fair value (cost: $292,271 and $285,558 as of June 30, 2022 and December 31, 2021, respectively)	$ 317,652	$ 348,218

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
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)	9,631,920	8,909,276
Common stock, shares outstanding (in shares)	9,384,340	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	$ 160,839,145	$ 167,356,364
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	64,081,106	65,269,544
Equity Securities [Member]
Equity securities, cost	$ 292,271	$ 285,558

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Premiums	$ 8,914,138	$ 7,879,433	$ 17,142,920	$ 14,859,309
Net investment income	6,439,117	6,072,502	12,888,112	12,221,344
Net realized investment gains (losses)	(148,714)	118,268	1,089,092	170,363
Service fees	329,855	81,601	387,395	179,588
Other income	5,775	45,567	64,272	59,341
Total revenues	15,540,171	14,197,371	31,571,791	27,489,945
Benefits and claims
Increase in future policy benefits	2,961,862	3,045,748	6,176,835	5,201,933
Death benefits	2,885,203	2,269,494	6,891,443	5,793,212
Surrenders	438,425	372,659	753,815	721,565
Interest credited to policyholders	3,230,421	3,088,957	6,406,557	6,207,492
Dividend, endowment and supplementary life contract benefits	80,052	71,156	156,849	143,066
Total benefits and claims	9,595,963	8,848,014	20,385,499	18,067,268
Policy acquisition costs deferred	(3,408,839)	(3,353,999)	(6,261,719)	(6,183,472)
Amortization of deferred policy acquisition costs	2,085,355	1,733,139	3,454,338	3,522,962
Amortization of value of insurance business acquired	66,755	68,151	138,964	143,320
Commissions	3,074,504	3,138,640	5,735,633	6,011,223
Other underwriting, insurance and acquisition expenses	2,352,415	2,176,280	5,215,499	4,860,942
Total expenses	4,170,190	3,762,211	8,282,715	8,354,975
Total benefits, claims and expenses	13,766,153	12,610,225	28,668,214	26,422,243
Income before total federal income tax expense	1,774,018	1,587,146	2,903,577	1,067,702
Current federal income tax expense (benefit)	(6,054)	1,510	2,216	1,510
Deferred federal income tax expense	321,857	364,593	530,611	305,801
Total federal income tax expense	315,803	366,103	532,827	307,311
Net income	$ 1,458,215	$ 1,221,043	$ 2,370,750	$ 760,391
Common Class A [Member]
Net income per common share basic and diluted
Common stock (in dollars per share)	$ 0.1540	$ 0.1396	$ 0.2503	$ 0.0869
Common Class B [Member]
Net income per common share basic and diluted
Common stock (in dollars per share)	$ 0.1309	$ 0.1186	$ 0.2128	$ 0.0739

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income		$ 1,458,215	$ 1,221,043	$ 2,370,750	$ 760,391
Other comprehensive income (loss)
Total net unrealized investment gains (losses) arising during the period		(12,507,412)	4,754,493	(27,863,123)	(1,968,938)
Less net realized investment gains (losses) having no credit losses	[1]	(86,008)	66,014	1,138,067	103,665
Net unrealized investment gains (losses)		(12,421,404)	4,688,479	(29,001,190)	(2,072,603)
Less adjustment to deferred acquisition costs		(3,550)	(7,328)	(10,463)	(23,057)
Other comprehensive income (loss) before federal income tax expense (benefit)		(12,417,854)	4,695,807	(28,990,727)	(2,049,546)
Federal income tax expense (benefit)		(2,607,750)	986,119	(6,088,053)	(430,404)
Total other comprehensive income (loss)		(9,810,104)	3,709,688	(22,902,674)	(1,619,142)
Total comprehensive income (loss)		$ (8,351,889)	$ 4,930,731	$ (20,531,924)	$ (858,751)
[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, 2020	$ 89,093	$ 1,011	$ 39,078,485	$ (893,947)	$ 17,518,858	$ 14,058,712	$ 69,852,212
Net income	0	0	0	0	0	760,391	760,391
Other comprehensive income (loss)	0	0	0	0	(1,619,142)	0	(1,619,142)
Balance at Jun. 30, 2021	89,093	1,011	39,078,485	(893,947)	15,899,716	14,819,103	68,993,461
Balance at Mar. 31, 2021	89,093	1,011	39,078,485	(893,947)	12,190,028	13,598,060	64,062,730
Net income	0	0	0	0	0	1,221,043	1,221,043
Other comprehensive income (loss)	0	0	0	0	3,709,688	0	3,709,688
Balance at Jun. 30, 2021	89,093	1,011	39,078,485	(893,947)	15,899,716	14,819,103	68,993,461
Balance at Dec. 31, 2021	89,093	1,011	39,078,485	(893,947)	13,203,827	16,916,082	68,394,551
Net income	0	0	0	0	0	2,370,750	2,370,750
Other comprehensive income (loss)	0	0	0	0	(22,902,674)	0	(22,902,674)
Acquisition of Royalty Captial Life Insurance Company	7,226	0	4,589,538	0	0	0	4,596,764
Balance at Jun. 30, 2022	96,319	1,011	43,668,023	(893,947)	(9,698,847)	19,286,832	52,459,391
Balance at Mar. 31, 2022	96,319	1,011	43,668,023	(893,947)	111,257	17,828,617	60,811,280
Net income	0	0	0	0	0	1,458,215	1,458,215
Other comprehensive income (loss)	0	0	0	0	(9,810,104)	0	(9,810,104)
Balance at Jun. 30, 2022	$ 96,319	$ 1,011	$ 43,668,023	$ (893,947)	$ (9,698,847)	$ 19,286,832	$ 52,459,391

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating activities
Net income	$ 1,458,215	$ 1,221,043	$ 2,370,750	$ 760,391
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of discount on investments			(2,400,489)	(2,448,867)
Net realized investment gains	148,714	(118,268)	(1,089,092)	(170,363)
Amortization of policy acquisition cost	2,085,355	1,733,139	3,454,338	3,522,962
Policy acquisition costs deferred	(3,408,839)	(3,353,999)	(6,261,719)	(6,183,472)
Amortization of loan origination fees			0	43,585
Amortization of value of insurance business acquired	66,755	68,151	138,964	143,320
Allowance for mortgage loan losses			127,708	(97,966)
Provision for deferred federal income tax expense	321,857	364,593	530,611	305,801
Interest credited to policyholders	3,230,421	3,088,957	6,406,557	6,207,492
Change in assets and liabilities:
Accrued investment income			(130,313)	265,180
Recoverable from reinsurers			311,050	145,297
Assets held in trust under coinsurance agreement			3,455,715	2,043,041
Agents' balances and due premiums			279,954	204,187
Other assets (excludes change in receivable of securities sold of ($12,358,726) in 2022)			(2,656,148)	328,852
Future policy benefits			6,111,571	5,132,743
Policy claims			3,252	(339,359)
Other policy liabilities			97,146	(31,446)
Other liabilities (excludes change in payable for securities purchased of ($1,318,340) and $1,171,985 in 2022 and 2021, respectively)			(4,976,699)	(3,430,572)
Net cash provided by operating activities			5,773,156	6,400,806
Investing activities
Maturities of fixed maturity securities			952,000	700,000
Sales of fixed maturity securities			40,114,357	3,268,218
Purchases of equity securities			(112,517)	(145,168)
Sales of equity securities			0	89
Acquisition of Royalty Capital Life Insurance Company			3,525,749	0
Joint venture distributions			97,804	50,054
Purchases of mortgage loans			(71,372,265)	(48,117,912)
Payments on mortgage loans			53,208,585	53,161,263
Purchases of other long-term investments			(4,306,740)	(882,027)
Payments on other long-term investments			8,726,389	6,224,896
Sale of real estate			49,371	75,940
Net change in policy loans			(229,806)	(26,241)
Net change in short-term investments			1,511,348	457,947
Net cash provided by (used in) investing activities			(15,113,005)	6,030,822
Financing activities
Policyholders' account deposits			18,546,018	19,382,246
Policyholders' account withdrawals			(33,475,021)	(16,844,732)
Net cash provided by (used in) financing activities			(14,929,003)	2,537,514
Increase (decrease) in cash and cash equivalents			(24,268,852)	14,969,142
Cash and cash equivalents, beginning of period			42,528,046	40,230,095	$ 40,230,095
Cash and cash equivalents, end of period	$ 18,259,194	$ 55,199,237	18,259,194	55,199,237	$ 42,528,046
Receivables Excluding Policy Loan Receivables [Member]
Investing activities
Net change in receivable and payable for securities sold and purchased			(13,677,066)	1,171,985
Debt Securities [Member]
Investing activities
Purchases of fixed maturity securities			$ (33,600,214)	$ (9,908,222)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Change in receivable of securities sold	$ (12,358,726)
Change in payable of securities purchased	$ (1,318,340)	$ 1,171,985

Supplemental Disclosure - Cash

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities	6 Months Ended
	Jun. 30, 2022
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 Investing Activities (Unaudited) During the six June 30, 2021, In conjunction with this foreclosure, the non-cash impact on investing activities is summarized as follows: Unaudited Six Months Ended June 30, 2021 Reductions in mortgage loans due to foreclosure $ 458,587 Investment real estate held-for-sale acquired through foreclosure (458,587 ) Net cash used in investing activities $ - On January 4, 2022, In conjunction with this 2022 June 30, 2022 Cash used in acquisition of Royalty Capital Life Insurance Company $ - Cash provided in acquisition of Royalty Capital Life Insurance Company 3,525,749 Increase in cash from acquisition of Royalty Capital Life Insurance Company 3,525,749 Fair value of assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) Short-term investments 1,586,667 Recoverable from reinsurers 10,634,753 Accrued investment income 8 Due premiums 25,187 Other assets 6,000 Total fair value of assets acquired (excluding cash) 12,252,615 Fair value of liabilities assumed in acquisition of Royalty Capital Life Insurance Company Future policy benefits 8,102,093 Policyholders' account balance 3,019,610 Policy claims 51,392 Other liabilities 8,505 Total fair value of liabilities assumed 11,181,600 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) 1,071,015 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (including cash) $ 4,596,764 See notes to consolidated financial statements (unaudited).

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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”) and Trinity American, Inc. (“TAI”). The Company was incorporated in Oklahoma on April 19, 2004, The Company owns 100% of TLIC. TLIC owns 100% of FBLIC. TLIC and FBLIC are primarily engaged in the business of marketing, underwriting and distributing a broad range of individual life insurance and annuity products to individuals. TLIC’s and FBLIC’s current product portfolio consists of a modified premium whole life insurance policy with a flexible premium deferred annuity rider, whole life, term, final expense, accidental death and dismemberment and annuity products. The term products are both renewable and convertible and issued for 10, 15, The Company owns 100% of TMC that was incorporated in 2006 January 2007. 2020 third The Company owns 100% of TAI. TAI was incorporated in Barbados, West Indies on March 24, 2016 2019. Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 2012 In 2020, 10% The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock. Acquisition of Other Companies On December 23, 2008, On December 31, 2008, On August 31, 2009, On December 28, 2011, On April 28, 2015, On April 3, 2018, 2019. Effective January 1, 2020, On January 4, 2022, March 1, 2022, Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10 10 X. not The results of operations for the six June 30, 2022 not December 31, 2022 not 10 December 31, 2021. 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 one one may one .85 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 Coinsurance In accordance with an annuity coinsurance agreement with an offshore annuity and life insurance company, 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% of assets above the annuity reserve required under U.S. statutory accounting principles. This coinsurance agreement may 30 In addition, in accordance with this annuity coinsurance agreement, investment income, investment expenses, other income and other expenses earned or incurred in relation to the operations of this annuity coinsurance agreement are not Consolidated Statements of Operations not Consolidated Statements of Financial Position no not Consolidated Statement of Comprehensive Income (Loss) The Company’s Consolidated Statement of Cash Flows one not Subsequent Events Management has evaluated all events subsequent to June 30, 2022 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. Early adoption is permitted for reporting periods beginning after December 15, 2018. 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 Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 December 15, 2022, not

Note 2 - Investments

Note 2 - Investments	6 Months Ended
	Jun. 30, 2022
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 securities as of June 30, 2022 December 31, 2021 Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value June 30, 2022 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 449,041 $ 72 $ 7,474 $ 441,639 States and political subdivisions 8,773,533 50,269 220,388 8,603,414 Commercial mortgage-backed securities 10,593,369 - 1,499,361 9,094,008 Residential mortgage-backed securities 10,205 9,251 - 19,456 Corporate bonds 101,056,029 174,422 7,190,822 94,039,629 Asset-backed securities 9,145,218 - 955,521 8,189,697 Exchange traded securities 608,903 - 128,903 480,000 Foreign bonds 28,752,847 17,465 2,428,434 26,341,878 Redeemable preferred securities 1,250,000 - 102,000 1,148,000 Certificate of deposits 200,000 908 - 200,908 Total fixed maturity securities $ 160,839,145 $ 252,387 $ 12,532,903 $ 148,558,629 Fixed maturity securities held in trust under coinsurance agreement $ 64,081,106 $ 30,835 $ 5,780,731 $ 58,331,210 December 31, 2021 Fixed maturity securities U.S. government and U.S. government agencies $ 428,153 $ 812 $ 1,952 $ 427,013 States and political subdivisions 8,463,941 689,564 24,553 9,128,952 Commercial mortgage-backed securities 3,458,408 252 34,265 3,424,395 Residential mortgage-backed securities 11,081 13,195 - 24,276 Corporate bonds 116,230,579 12,731,684 100,882 128,861,381 Asset-backed securities 5,278,819 57,290 17,806 5,318,303 Exchange traded securities 549,334 - 32,734 516,600 Foreign bonds 31,286,049 3,493,469 46,192 34,733,326 Redeemable preferred securities 1,250,000 - 17,600 1,232,400 Certificate of deposits 400,000 10,392 - 410,392 Total fixed maturity securities $ 167,356,364 $ 16,996,658 $ 275,984 $ 184,077,038 Fixed maturity securities held in trust under coinsurance agreement $ 65,269,544 $ 3,593,466 $ 115,477 $ 68,747,533 All securities in an unrealized loss position as of the financial statement dates, the estimated fair value, pre-tax gross unrealized loss and number of securities by length of time that those securities have been continuously in an unrealized loss position as of June 30, 2022 December 31, 2021 Unrealized Number of Fair Value Loss Securities June 30, 2022 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 198,754 $ 2,743 1 States and political subdivisions 3,411,491 168,744 18 Commercial mortgage-backed securities 9,094,007 1,499,361 24 Corporate bonds 81,118,080 7,188,588 243 Asset-backed securities 7,884,207 918,752 19 Exchange traded securities 480,000 128,903 2 Foreign bonds 22,486,537 2,288,065 61 Redeemable preferred securities 398,000 102,000 2 Total less than 12 months in an unrealized loss position 125,071,076 12,297,156 370 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 95,476 4,731 1 States and political subdivisions 486,475 51,644 1 Corporate bonds 198,000 2,234 1 Asset-backed securities 305,489 36,769 1 Foreign bonds 419,000 140,369 1 Total more than 12 months in an unrealized loss position 1,504,440 235,747 5 Total fixed maturity securities in an unrealized loss position $ 126,575,516 $ 12,532,903 375 Fixed maturity securities held in trust under coisnurance agreement Total less than 12 months in an unrealized loss position $ 53,445,433 $ 5,780,731 221 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 53,445,433 $ 5,780,731 221 December 31, 2021 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 301,195 $ 1,952 2 States and political subdivisions 337,421 1,724 2 Commercial mortgage-backed securities 3,323,141 34,265 7 Corporate bonds 10,991,840 100,882 30 Asset-backed securities 3,475,854 9,544 8 Exchange traded securities 516,600 32,734 2 Redeemable preferred securities 482,400 17,600 2 Foreign bonds 2,408,472 46,192 6 Total less than 12 months in an unrealized loss position 21,836,923 244,893 59 More than 12 months in an unrealized loss position States and political subdivisions 626,754 22,829 1 Asset-backed securities 345,299 8,262 1 Total more than 12 months in an unrealized loss position 972,053 31,091 2 Total fixed maturity securities in an unrealized loss position $ 22,808,976 $ 275,984 61 Fixed maturity securities held in trust under coisnurance agreement Total less than 12 months in an unrealized loss position $ 8,000,895 $ 115,477 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 8,000,895 $ 115,477 21 As of June 30, 2022, June 30, 2022. 375 As of December 31, 2021, December 31, 2021. 61 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 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 There were no six June 30, 2022 2021. Management believes that the Company will fully recover its cost basis in the securities held as of June 30, 2022, not not Net unrealized gains (losses) included in other comprehensive income (loss) for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation (depreciation) had been realized as of June 30, 2022 December 31, 2021, (Unaudited) June 30, 2022 December 31, 2021 Unrealized appreciation (depreciation) on available-for-sale securities $ (12,280,516 ) $ 16,720,674 Adjustment to deferred acquisition costs 3,494 (6,969 ) Deferred income taxes 2,578,175 (3,509,878 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (9,698,847 ) $ 13,203,827 Assets held in trust under coinsurance agreement Unrealized appreciation (depreciation) on fixed maturity securities available-for-sale $ (5,749,896 ) $ 3,477,989 The Company’s investment in lottery prize cash flows categorized as other long-term investments in the statement of financial position was $64,033,072 and $65,929,215 as of June 30, 2022 December 31, 2021, The amortized cost and fair value of fixed maturity available-for-sale securities and other long-term investments as of June 30, 2022, June 30, 2022 (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 $ 2,118,459 $ 2,118,731 $ 12,421,111 $ 12,615,589 Due after one year through five years 25,926,987 25,292,908 33,443,202 36,254,679 Due after five years through ten years 32,061,087 30,388,130 12,842,074 15,400,937 Due after ten years 88,879,038 80,497,396 5,326,685 7,930,980 Due at multiple maturity dates 11,853,574 10,261,464 - - $ 160,839,145 $ 148,558,629 $ 64,033,072 $ 72,202,185 The amortized cost and fair value of fixed maturity available-for-sale securities held in trust under coinsurance agreement as of June 30, 2022, June 30, 2022 (Unaudited) Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due after one year through five years $ 29,813,746 $ 29,066,482 Due after five years through ten years 9,799,070 9,079,740 Due after ten years 21,617,973 17,657,027 Due at multiple maturity dates 2,850,317 2,527,961 $ 64,081,106 $ 58,331,210 Expected maturities will differ from contractual maturities because borrowers may Proceeds and gross realized gains (losses) from the sales, calls and maturities of fixed maturity securities available-for-sale, equity securities, investment real estate and mortgage loans on real estate for the three six June 30, 2022 2021 Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate Mortgage Loans on Real Estate 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds $ 10,116,397 $ 1,549,139 $ - $ 1 $ - $ 75,940 $ - $ 53,161,263 Gross realized gains 16,111 66,349 - - - 6,349 - 38,670 Gross realized losses (102,119 ) (335 ) - - - - - - Six Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate Mortgage Loans on Real Estate 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds $ 41,066,357 $ 3,968,218 $ - $ 89 $ 49,371 $ 75,940 $ - $ 53,161,263 Gross realized gains 1,241,025 130,499 - 89 - 6,349 - 38,670 Gross realized losses (102,958 ) (26,834 ) (8,000 ) - (3,696 ) - - - The accumulated change in unrealized investment gains (losses) for fixed maturity available-for-sale securities for the three six June 30, 2022 2021 three six June 30, 2022 2021 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (12,421,404 ) $ 4,688,479 $ (29,001,190 ) $ (2,072,603 ) Fixed maturity securities held in trust under coinsurance agreement (4,551,514 ) 675,015 (9,227,885 ) (3,356,283 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities (86,008 ) 66,014 1,138,067 103,665 Equity securities, sale of securities - - (8,000 ) 89 Equity securities, changes in fair value (62,706 ) 7,235 (37,279 ) 21,590 Investment real estate - 6,349 (3,696 ) 6,349 Mortgage loans on real estate - 38,670 - 38,670 Major categories of net investment income for the three six June 30, 2022 2021 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Fixed maturity securities $ 1,734,933 $ 1,727,496 $ 3,670,687 $ 3,423,390 Equity securities 48,026 26,405 113,099 43,404 Other long-term investments 1,211,486 1,222,180 2,523,180 2,505,074 Mortgage loans 4,103,208 3,478,075 7,881,233 7,226,307 Policy loans 48,755 38,957 92,077 77,575 Short-term and other investments 25,434 35,078 46,706 44,373 Gross investment income 7,171,842 6,528,191 14,326,982 13,320,123 Investment expenses (732,725 ) (455,689 ) (1,438,870 ) (1,098,779 ) Net investment income $ 6,439,117 $ 6,072,502 $ 12,888,112 $ 12,221,344 TLIC and FBLIC are required to hold assets on deposit with various state insurance departments for the benefit of policyholders and other special deposits in accordance with statutory rules and regulations. As of June 30, 2022 December 31, 2021, June 30, 2022 December 31, 2021, The Company’s mortgage loans by property type as of June 30, 2022 December 31, 2021 (Unaudited) June 30, 2022 December 31, 2021 Residential mortgage loans $ 182,176,805 $ 169,368,048 Commercial mortgage loans by property type Agricultural 998,681 - Apartment 1,909,097 175,121 Industrial 1,149,821 1,170,544 Lodging 274,498 280,836 Office building 5,276,640 2,285,403 Retail 3,824,607 4,228,099 Total commercial mortgage loans by property type 13,433,344 8,140,003 Total mortgage loans $ 195,610,149 $ 177,508,051 Mortgage loans held in trust under coinsurance agreement Residential mortgage loans $ 3,583,208 $ 3,803,847 Commercial mortgage loans 30,914,596 30,013,132 Less unearned interest on mortgage loans 480,789 767,650 Total mortgage loans held in trust under coinsurance agreement $ 34,017,015 $ 33,049,329 There were 8 mortgage loans with a remaining principal balance of $2,222,863 that were more than 90 days past due as of June 30, 2022. December 31, 2021. There were four mortgage loans in default and in the foreclosure process with a remaining principal balance of $1,841,176 as of June 30, 2022. December 31, 2021. The Company’s investment real estate as of June 30, 2022 December 31, 2021 (Unaudited) June 30, 2022 December 31, 2021 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 94,842 147,909 Total investment in real estate $ 635,278 $ 688,345 TLIC owns approximately three FBLIC owns approximately one During 2022, During 2021, 2021,

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total June 30, 2022 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 441,639 $ - $ 441,639 States and political subdivisions - 8,603,414 - 8,603,414 Commercial mortgage-backed securities - 9,094,008 - 9,094,008 Residential mortgage-backed securities - 19,456 - 19,456 Corporate bonds - 94,039,629 - 94,039,629 Asset-backed securities - 8,189,697 - 8,189,697 Exchange traded securities - 480,000 - 480,000 Foreign bonds - 26,341,878 - 26,341,878 Redeemable preferred securities - 1,148,000 - 1,148,000 Certificate of deposit - 200,908 - 200,908 Total fixed maturity securities $ - $ 148,558,629 $ - $ 148,558,629 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 58,331,210 $ - $ 58,331,210 Equity securities Mutual funds $ - $ 48,309 $ - $ 48,309 Corporate common stock 199,207 - 70,136 269,343 Total equity securities $ 199,207 $ 48,309 $ 70,136 $ 317,652 December 31, 2021 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 427,013 $ - $ 427,013 States and political subdivisions - 9,128,952 - 9,128,952 Commercial mortgage-backed securities - 3,424,395 - 3,424,395 Residential mortgage-backed securities - 24,276 - 24,276 Corporate bonds - 128,861,381 - 128,861,381 Asset-backed securities - 5,318,303 - 5,318,303 Exchange traded securities - 516,600 - 516,600 Foreign bonds - 34,733,326 - 34,733,326 Redeemable preferred securities - 1,232,400 - 1,232,400 Certificate of deposit - 410,392 - 410,392 Total fixed maturity securities $ - $ 184,077,038 $ - $ 184,077,038 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 68,747,533 $ - $ 68,747,533 Equity securities Mutual funds $ - $ 76,816 $ - $ 76,816 Corporate common stock 207,979 - 63,423 271,402 Total equity securities $ 207,979 $ 76,816 $ 63,423 $ 348,218 As of June 30, 2022 December 31, 2021, 3 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 and preferred stock 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 six June 30, 2022 December 31, 2021 (Unaudited) June 30, 2022 December 31, 2021 Beginning balance $ 63,423 $ 67,132 Joint venture net income 112,517 75,195 Joint venture distribution (97,804 ) (78,904 ) Net realized investment losses (8,000 ) - Ending balance $ 70,136 $ 63,423 The carrying amount and fair value of the Company’s financial assets and financial liabilities disclosed, but not June 30, 2022 December 31, 2021, Financial instruments disclosed, but not Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2022 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 13,433,344 $ 13,809,167 $ - $ - $ 13,809,167 Residential 182,176,805 188,445,986 - - 188,445,986 Policy loans 2,502,435 2,502,435 - - 2,502,435 Short-term investments 3,372,157 3,372,157 3,372,157 - - Other long-term investments 64,033,072 72,202,185 - - 72,202,185 Cash and cash equivalents 18,259,194 18,259,194 18,259,194 - - Accrued investment income 5,009,611 5,009,611 - - 5,009,611 Total financial assets $ 288,786,618 $ 303,600,735 $ 21,631,351 $ - $ 281,969,384 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,914,596 $ 30,914,596 $ - $ - $ 30,914,596 Residential 3,583,208 3,583,208 - - 3,583,208 Less unearned interest on mortgage loans 480,789 480,789 - - 480,789 Cash and cash equivalents 3,415,979 3,415,979 3,415,979 - - Total financial assets held in trust under coinsurance agreement $ 37,432,994 $ 37,432,994 $ 3,415,979 $ - $ 34,017,015 Financial liabilities Policyholders' account balances $ 371,331,371 $ 335,370,155 $ - $ - $ 335,370,155 Policy claims 2,435,827 2,435,827 - - 2,435,827 Total financial liabilities $ 373,767,198 $ 337,805,982 $ - $ - $ 337,805,982 December 31, 2021 Financial assets Mortgage loans on real estate Commercial $ 8,140,003 $ 8,917,023 $ - $ - $ 8,917,023 Residential 169,368,048 187,336,689 - - 187,336,689 Policy loans 2,272,629 2,272,629 - - 2,272,629 Short-term investments 3,296,838 3,296,838 3,296,838 - - Other long-term investments 65,929,215 80,667,966 - - 80,667,966 Cash and cash equivalents 42,528,046 42,528,046 42,528,046 - - Accrued investment income 4,879,290 4,879,290 - - 4,879,290 Total financial assets $ 296,414,069 $ 329,898,481 $ 45,824,884 $ - $ 284,073,597 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,013,132 $ 30,013,132 $ - $ - $ 30,013,132 Residential 3,803,847 3,803,847 - - 3,803,847 Less unearned interest on mortgage loans 767,650 767,650 - - 767,650 Cash and cash equivalents 4,413,384 4,413,384 4,413,384 - - Total financial assets held in trust under coinsurance agreement $ 37,462,713 $ 37,462,713 $ 4,413,384 $ - $ 33,049,329 Financial liabilities Policyholders' account balances $ 373,647,869 $ 373,412,607 $ - $ - $ 373,412,607 Policy claims 2,381,183 2,381,183 - - 2,381,183 Total financial liabilities $ 376,029,052 $ 375,793,790 $ - $ - $ 375,793,790 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 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 Secured Overnight Financing Rate and LIBOR yield curve as of June 30, 2022 December 31, 2021, 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	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 December 31, 2021 three six June 30, 2022 2021 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Revenues: Life insurance operations $ 10,320,605 $ 9,026,587 $ 20,268,926 $ 17,063,471 Annuity operations 4,747,836 4,982,940 10,653,099 10,024,471 Corporate operations 471,730 187,844 649,766 402,003 Total $ 15,540,171 $ 14,197,371 $ 31,571,791 $ 27,489,945 Income (loss) before income taxes: Life insurance operations $ 1,312,518 $ 1,180,070 $ 1,231,853 $ 556,600 Annuity operations (38,242 ) 382,594 1,037,394 588,584 Corporate operations 499,742 24,482 634,330 (77,482 ) Total $ 1,774,018 $ 1,587,146 $ 2,903,577 $ 1,067,702 Depreciation and amortization expense: Life insurance operations $ 1,859,752 $ 1,541,698 $ 3,107,914 $ 3,082,892 Annuity operations 292,358 298,615 485,388 626,975 Total $ 2,152,110 $ 1,840,313 $ 3,593,302 $ 3,709,867 (Unaudited) June 30, 2022 December 31, 2021 Assets: Life insurance operations $ 142,581,888 $ 133,378,698 Annuity operations 484,741,891 521,742,643 Corporate operations 6,528,310 4,637,593 Total $ 633,852,089 $ 659,758,934

Note 5 - Federal Income Taxes

Note 5 - Federal Income Taxes	6 Months Ended
	Jun. 30, 2022
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 2018 2020

Note 6 - Contingent Liabilities

Note 6 - Contingent Liabilities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Contingencies Disclosure [Text Block]	6. Guaranty fund assessments, brought about by the insolvency of life and health insurers, are levied at the discretion of the various state guaranty fund associations to cover association obligations. In most states, guaranty fund assessments may five

Note 7 - Line of Credit

Note 7 - Line of Credit	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	7. On September 15, 2021, September 15, 2022. 360 $1.5 June 30, 2022 December 31, 2021.

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8. The changes in the components of the Company’s accumulated other comprehensive income (loss) for the three six June 30, 2022 2021 Three Months Ended June 30, 2022 and 2021 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of April 1, 2022 $ 111,288 $ (31 ) $ 111,257 Other comprehensive loss before reclassifications, net of tax (9,880,855 ) 2,805 (9,878,050 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax (67,946 ) - (67,946 ) Other comprehensive loss (9,812,909 ) 2,805 (9,810,104 ) Balance as of June 30, 2022 $ (9,701,621 ) $ 2,774 $ (9,698,847 ) Balance as of April 1, 2021 $ 12,210,023 $ (19,995 ) $ 12,190,028 Other comprehensive income before reclassifications, net of tax 3,756,050 5,789 3,761,839 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 52,151 - 52,151 Other comprehensive income 3,703,899 5,789 3,709,688 Balance as of June 30, 2021 $ 15,913,922 $ (14,206 ) $ 15,899,716 Six Months Ended June 30, 2022 and 2021 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2022 $ 13,209,319 $ (5,492 ) $ 13,203,827 Other comprehensive loss before reclassifications, net of tax (22,011,867 ) 8,266 (22,003,601 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 899,073 - 899,073 Other comprehensive loss (22,910,940 ) 8,266 (22,902,674 ) Balance as of June 30, 2022 $ (9,701,621 ) $ 2,774 $ (9,698,847 ) Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (1,555,462 ) 18,215 (1,537,247 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 81,895 - 81,895 Other comprehensive loss (1,637,357 ) 18,215 (1,619,142 ) Balance as of June 30, 2021 $ 15,913,922 $ (14,206 ) $ 15,899,716 The pretax components of the Company’s other comprehensive income (loss) and the related income tax expense (benefit) for each component for the three six June 30, 2022 2021 Three Months Ended June 30, 2022 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (12,507,412 ) $ (2,626,557 ) $ (9,880,855 ) Reclassification adjustment for net losses included in operations having no credit losses (86,008 ) (18,062 ) (67,946 ) Net unrealized losses on investments (12,421,404 ) (2,608,495 ) (9,812,909 ) Adjustment to deferred acquisition costs 3,550 745 2,805 Total other comprehensive loss $ (12,417,854 ) $ (2,607,750 ) $ (9,810,104 ) Three Months Ended June 30, 2021 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 4,754,493 $ 998,443 $ 3,756,050 Reclassification adjustment for net gains included in operations having no credit losses 66,014 13,863 52,151 Net unrealized gains on investments 4,688,479 984,580 3,703,899 Adjustment to deferred acquisition costs 7,328 1,539 5,789 Total other comprehensive income $ 4,695,807 $ 986,119 $ 3,709,688 Six Months Ended June 30, 2022 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (27,863,123 ) $ (5,851,256 ) $ (22,011,867 ) Reclassification adjustment for net gains included in operations having no credit losses 1,138,067 238,994 899,073 Net unrealized losses on investments (29,001,190 ) (6,090,250 ) (22,910,940 ) Adjustment to deferred acquisition costs 10,463 2,197 8,266 Total other comprehensive loss $ (28,990,727 ) $ (6,088,053 ) $ (22,902,674 ) Six Months Ended June 30, 2021 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (1,968,938 ) $ (413,476 ) $ (1,555,462 ) Reclassification adjustment for net gains included in operations having no credit losses 103,665 21,770 81,895 Net unrealized losses on investments (2,072,603 ) (435,246 ) (1,637,357 ) Adjustment to deferred acquisition costs 23,057 4,842 18,215 Total other comprehensive loss $ (2,049,546 ) $ (430,404 ) $ (1,619,142 ) Realized gains and losses on the sales of investments are determined based upon the specific identification method and include provisions for other-than-temporary impairments where appropriate. The pretax and the related income tax components of the amounts reclassified from the Company’s accumulated other comprehensive income (loss) to the Company’s consolidated statement of operations for the three six June 30, 2022 2021 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) Reclassification Adjustments 2022 2021 2022 2021 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ (86,008 ) $ 66,014 $ 1,138,067 $ 103,665 Income tax expense (benefit) (b) (18,062 ) 13,863 238,994 21,770 Total reclassification adjustments $ (67,946 ) $ 52,151 $ 899,073 $ 81,895 (a) These items appear within net realized investment gains (losses) in the consolidated statements of operations. (b) These items appear within federal income taxes in the consolidated statements of operations.

Note 9 - Allowance for Loan Los

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Premiums Receivable Note [Text Block]	9. 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 June 30, 2022, third June 30, 2022, June 30, 2022 June 30, 2022. As of December 31, 2021, third December 31, 2021, December 31, 2021 December 31, 2021. The balances of and changes in the Company’s credit losses related to mortgage loans on real estate as of and for the three six June 30, 2022 2021 June 30, 2022 2021, one third Unaudited Three Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 728,229 $ 462,774 $ 61,990 $ 48,406 $ 790,219 $ 511,180 Charge offs - - - - - - Recoveries - - - - - - Provision 43,619 (68,056 ) 389 804 44,008 (67,252 ) Allowance, ending $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 152,577,793 $ 78,548,772 $ 13,433,344 $ 9,792,909 $ 166,011,137 $ 88,341,681 (Unaudited) Six Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Charge offs - - - - - - Recoveries - - - - - - Provision 96,686 (91,886 ) 31,022 (6,080 ) 127,708 (97,966 ) Allowance, ending $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 152,577,793 $ 78,548,772 $ 13,433,344 $ 9,792,909 $ 166,011,137 $ 88,341,681 The Company utilizes the ratio of the carrying value of individual mortgage loans compared to the individual appraisal value to evaluate the credit quality of its mortgage loans on real estate (commonly referred to as the loan-to-value ratio). The Company’s residential and commercial and industrial mortgage loans on real estate by credit quality using this ratio as of June 30, 2022 December 31, 2021 Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Over 70% to 80% $ 61,436,738 $ 52,292,906 $ 1,535,157 $ 1,069,973 $ 62,971,895 $ 53,362,879 Over 60% to 70% 46,493,784 50,445,981 2,193,306 1,359,831 48,687,090 51,805,812 Over 50% to 60% 32,628,828 26,492,616 1,327,563 1,496,664 33,956,391 27,989,280 Over 40% to 50% 18,964,478 19,235,027 312,177 312,648 19,276,655 19,547,675 Over 30% to 40% 10,743,115 7,843,501 3,863,965 1,471,023 14,607,080 9,314,524 Over 20% to 30% 7,653,030 9,482,943 941,232 1,916,446 8,594,262 11,399,389 Over 10% to 20% 3,345,556 2,737,111 3,259,944 513,418 6,605,500 3,250,529 10% or less 911,276 837,963 - - 911,276 837,963 Total $ 182,176,805 $ 169,368,048 $ 13,433,344 $ 8,140,003 $ 195,610,149 $ 177,508,051

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Company Capitalization The Company raised $1,450,000 from two private placement stock offerings during 2004 June 22, 2005 February 23, 2007; June 29, 2010 April 30, 2012 August 15, 2012 March 8, 2013. The Company also issued 702,685 shares of its common stock in connection with two stock dividends paid to shareholders in 2011 2012 In 2020, 10% The Company has also purchased 247,580 shares of treasury stock at a cost of $893,947 from former members of the Board of Directors including the former Chairman of the Board of Directors, a former agent, the former spouse of the Company’s Chairman, Chief Executive Officer and President and a charitable organization where a former member of the Board of Directors had donated shares of the Company’s common stock.
Business Combinations Policy [Policy Text Block]	Acquisition of Other Companies On December 23, 2008, On December 31, 2008, On August 31, 2009, On December 28, 2011, On April 28, 2015, On April 3, 2018, 2019. Effective January 1, 2020, On January 4, 2022, March 1, 2022,
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10 10 X. not The results of operations for the six June 30, 2022 not December 31, 2022 not 10 December 31, 2021.
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 one one may one .85
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
Reinsurance Accounting Policy [Policy Text Block]	Coinsurance In accordance with an annuity coinsurance agreement with an offshore annuity and life insurance company, 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% of assets above the annuity reserve required under U.S. statutory accounting principles. This coinsurance agreement may 30 In addition, in accordance with this annuity coinsurance agreement, investment income, investment expenses, other income and other expenses earned or incurred in relation to the operations of this annuity coinsurance agreement are not Consolidated Statements of Operations not Consolidated Statements of Financial Position no not Consolidated Statement of Comprehensive Income (Loss) The Company’s Consolidated Statement of Cash Flows one not
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management has evaluated all events subsequent to June 30, 2022
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. Early adoption is permitted for reporting periods beginning after December 15, 2018. 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 Income Taxes - Simplifying the Accounting for Income Taxes In December 2019, 2019 12 first 2021. not Troubled Debt Restructurings and Vintage Disclosures In March 2022, 2022 2 December 15, 2022, not

Supplemental Disclosure - Cas_2

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Unaudited Six Months Ended June 30, 2021 Reductions in mortgage loans due to foreclosure $ 458,587 Investment real estate held-for-sale acquired through foreclosure (458,587 ) Net cash used in investing activities $ -
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	June 30, 2022 Cash used in acquisition of Royalty Capital Life Insurance Company $ - Cash provided in acquisition of Royalty Capital Life Insurance Company 3,525,749 Increase in cash from acquisition of Royalty Capital Life Insurance Company 3,525,749 Fair value of assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) Short-term investments 1,586,667 Recoverable from reinsurers 10,634,753 Accrued investment income 8 Due premiums 25,187 Other assets 6,000 Total fair value of assets acquired (excluding cash) 12,252,615 Fair value of liabilities assumed in acquisition of Royalty Capital Life Insurance Company Future policy benefits 8,102,093 Policyholders' account balance 3,019,610 Policy claims 51,392 Other liabilities 8,505 Total fair value of liabilities assumed 11,181,600 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash) 1,071,015 Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (including cash) $ 4,596,764

Note 2 - Investments (Tables)

Note 2 - Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Cost Unrealized Unrealized Fair or Cost Gains Losses Value June 30, 2022 (Unaudited) Fixed maturity securities U.S. government and U.S. government agencies $ 449,041 $ 72 $ 7,474 $ 441,639 States and political subdivisions 8,773,533 50,269 220,388 8,603,414 Commercial mortgage-backed securities 10,593,369 - 1,499,361 9,094,008 Residential mortgage-backed securities 10,205 9,251 - 19,456 Corporate bonds 101,056,029 174,422 7,190,822 94,039,629 Asset-backed securities 9,145,218 - 955,521 8,189,697 Exchange traded securities 608,903 - 128,903 480,000 Foreign bonds 28,752,847 17,465 2,428,434 26,341,878 Redeemable preferred securities 1,250,000 - 102,000 1,148,000 Certificate of deposits 200,000 908 - 200,908 Total fixed maturity securities $ 160,839,145 $ 252,387 $ 12,532,903 $ 148,558,629 Fixed maturity securities held in trust under coinsurance agreement $ 64,081,106 $ 30,835 $ 5,780,731 $ 58,331,210 December 31, 2021 Fixed maturity securities U.S. government and U.S. government agencies $ 428,153 $ 812 $ 1,952 $ 427,013 States and political subdivisions 8,463,941 689,564 24,553 9,128,952 Commercial mortgage-backed securities 3,458,408 252 34,265 3,424,395 Residential mortgage-backed securities 11,081 13,195 - 24,276 Corporate bonds 116,230,579 12,731,684 100,882 128,861,381 Asset-backed securities 5,278,819 57,290 17,806 5,318,303 Exchange traded securities 549,334 - 32,734 516,600 Foreign bonds 31,286,049 3,493,469 46,192 34,733,326 Redeemable preferred securities 1,250,000 - 17,600 1,232,400 Certificate of deposits 400,000 10,392 - 410,392 Total fixed maturity securities $ 167,356,364 $ 16,996,658 $ 275,984 $ 184,077,038 Fixed maturity securities held in trust under coinsurance agreement $ 65,269,544 $ 3,593,466 $ 115,477 $ 68,747,533
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized Number of Fair Value Loss Securities June 30, 2022 (Unaudited) Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 198,754 $ 2,743 1 States and political subdivisions 3,411,491 168,744 18 Commercial mortgage-backed securities 9,094,007 1,499,361 24 Corporate bonds 81,118,080 7,188,588 243 Asset-backed securities 7,884,207 918,752 19 Exchange traded securities 480,000 128,903 2 Foreign bonds 22,486,537 2,288,065 61 Redeemable preferred securities 398,000 102,000 2 Total less than 12 months in an unrealized loss position 125,071,076 12,297,156 370 More than 12 months in an unrealized loss position U.S. government and U.S. government agencies 95,476 4,731 1 States and political subdivisions 486,475 51,644 1 Corporate bonds 198,000 2,234 1 Asset-backed securities 305,489 36,769 1 Foreign bonds 419,000 140,369 1 Total more than 12 months in an unrealized loss position 1,504,440 235,747 5 Total fixed maturity securities in an unrealized loss position $ 126,575,516 $ 12,532,903 375 Fixed maturity securities held in trust under coisnurance agreement Total less than 12 months in an unrealized loss position $ 53,445,433 $ 5,780,731 221 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 53,445,433 $ 5,780,731 221 December 31, 2021 Fixed maturity securities Less than 12 months in an unrealized loss position U.S. government and U.S. government agencies $ 301,195 $ 1,952 2 States and political subdivisions 337,421 1,724 2 Commercial mortgage-backed securities 3,323,141 34,265 7 Corporate bonds 10,991,840 100,882 30 Asset-backed securities 3,475,854 9,544 8 Exchange traded securities 516,600 32,734 2 Redeemable preferred securities 482,400 17,600 2 Foreign bonds 2,408,472 46,192 6 Total less than 12 months in an unrealized loss position 21,836,923 244,893 59 More than 12 months in an unrealized loss position States and political subdivisions 626,754 22,829 1 Asset-backed securities 345,299 8,262 1 Total more than 12 months in an unrealized loss position 972,053 31,091 2 Total fixed maturity securities in an unrealized loss position $ 22,808,976 $ 275,984 61 Fixed maturity securities held in trust under coisnurance agreement Total less than 12 months in an unrealized loss position $ 8,000,895 $ 115,477 21 Total fixed maturity securities held in trust under coinsurance agreement in a unrealized loss position $ 8,000,895 $ 115,477 21
Unrealized Gain (Loss) on Investments [Table Text Block]	(Unaudited) June 30, 2022 December 31, 2021 Unrealized appreciation (depreciation) on available-for-sale securities $ (12,280,516 ) $ 16,720,674 Adjustment to deferred acquisition costs 3,494 (6,969 ) Deferred income taxes 2,578,175 (3,509,878 ) Net unrealized appreciation (depreciation) on available-for-sale securities $ (9,698,847 ) $ 13,203,827 Assets held in trust under coinsurance agreement Unrealized appreciation (depreciation) on fixed maturity securities available-for-sale $ (5,749,896 ) $ 3,477,989
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate Mortgage Loans on Real Estate 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds $ 10,116,397 $ 1,549,139 $ - $ 1 $ - $ 75,940 $ - $ 53,161,263 Gross realized gains 16,111 66,349 - - - 6,349 - 38,670 Gross realized losses (102,119 ) (335 ) - - - - - - Six Months Ended June 30, (Unaudited) Fixed Maturity Securities Equity Securities Investment Real Estate Mortgage Loans on Real Estate 2022 2021 2022 2021 2022 2021 2022 2021 Proceeds $ 41,066,357 $ 3,968,218 $ - $ 89 $ 49,371 $ 75,940 $ - $ 53,161,263 Gross realized gains 1,241,025 130,499 - 89 - 6,349 - 38,670 Gross realized losses (102,958 ) (26,834 ) (8,000 ) - (3,696 ) - - -
Investment Income [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Change in unrealized investment gains (losses): Available-for-sale securities: Fixed maturity securities $ (12,421,404 ) $ 4,688,479 $ (29,001,190 ) $ (2,072,603 ) Fixed maturity securities held in trust under coinsurance agreement (4,551,514 ) 675,015 (9,227,885 ) (3,356,283 ) Net realized investment gains (losses): Available-for-sale securities: Fixed maturity securities (86,008 ) 66,014 1,138,067 103,665 Equity securities, sale of securities - - (8,000 ) 89 Equity securities, changes in fair value (62,706 ) 7,235 (37,279 ) 21,590 Investment real estate - 6,349 (3,696 ) 6,349 Mortgage loans on real estate - 38,670 - 38,670 Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Fixed maturity securities $ 1,734,933 $ 1,727,496 $ 3,670,687 $ 3,423,390 Equity securities 48,026 26,405 113,099 43,404 Other long-term investments 1,211,486 1,222,180 2,523,180 2,505,074 Mortgage loans 4,103,208 3,478,075 7,881,233 7,226,307 Policy loans 48,755 38,957 92,077 77,575 Short-term and other investments 25,434 35,078 46,706 44,373 Gross investment income 7,171,842 6,528,191 14,326,982 13,320,123 Investment expenses (732,725 ) (455,689 ) (1,438,870 ) (1,098,779 ) Net investment income $ 6,439,117 $ 6,072,502 $ 12,888,112 $ 12,221,344
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Unaudited) June 30, 2022 December 31, 2021 Residential mortgage loans $ 182,176,805 $ 169,368,048 Commercial mortgage loans by property type Agricultural 998,681 - Apartment 1,909,097 175,121 Industrial 1,149,821 1,170,544 Lodging 274,498 280,836 Office building 5,276,640 2,285,403 Retail 3,824,607 4,228,099 Total commercial mortgage loans by property type 13,433,344 8,140,003 Total mortgage loans $ 195,610,149 $ 177,508,051 Mortgage loans held in trust under coinsurance agreement Residential mortgage loans $ 3,583,208 $ 3,803,847 Commercial mortgage loans 30,914,596 30,013,132 Less unearned interest on mortgage loans 480,789 767,650 Total mortgage loans held in trust under coinsurance agreement $ 34,017,015 $ 33,049,329
Schedule of Real Estate Properties [Table Text Block]	(Unaudited) June 30, 2022 December 31, 2021 Land - held for investment $ 540,436 $ 540,436 Residential real estate - held for sale 94,842 147,909 Total investment in real estate $ 635,278 $ 688,345
Available For Sale Fixed Maturity Securities [Member]
Notes Tables
Investments Classified by Contractual Maturity Date [Table Text Block]	June 30, 2022 (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 $ 2,118,459 $ 2,118,731 $ 12,421,111 $ 12,615,589 Due after one year through five years 25,926,987 25,292,908 33,443,202 36,254,679 Due after five years through ten years 32,061,087 30,388,130 12,842,074 15,400,937 Due after ten years 88,879,038 80,497,396 5,326,685 7,930,980 Due at multiple maturity dates 11,853,574 10,261,464 - - $ 160,839,145 $ 148,558,629 $ 64,033,072 $ 72,202,185 June 30, 2022 (Unaudited) Fixed Maturity Available-For-Sale Securities Amortized Cost Fair Value Due after one year through five years $ 29,813,746 $ 29,066,482 Due after five years through ten years 9,799,070 9,079,740 Due after ten years 21,617,973 17,657,027 Due at multiple maturity dates 2,850,317 2,527,961 $ 64,081,106 $ 58,331,210

Note 3 - Fair Value Measureme_2

Note 3 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total June 30, 2022 (Unaudited) Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 441,639 $ - $ 441,639 States and political subdivisions - 8,603,414 - 8,603,414 Commercial mortgage-backed securities - 9,094,008 - 9,094,008 Residential mortgage-backed securities - 19,456 - 19,456 Corporate bonds - 94,039,629 - 94,039,629 Asset-backed securities - 8,189,697 - 8,189,697 Exchange traded securities - 480,000 - 480,000 Foreign bonds - 26,341,878 - 26,341,878 Redeemable preferred securities - 1,148,000 - 1,148,000 Certificate of deposit - 200,908 - 200,908 Total fixed maturity securities $ - $ 148,558,629 $ - $ 148,558,629 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 58,331,210 $ - $ 58,331,210 Equity securities Mutual funds $ - $ 48,309 $ - $ 48,309 Corporate common stock 199,207 - 70,136 269,343 Total equity securities $ 199,207 $ 48,309 $ 70,136 $ 317,652 December 31, 2021 Fixed maturity securities, available-for-sale U.S. government and U.S. government agencies $ - $ 427,013 $ - $ 427,013 States and political subdivisions - 9,128,952 - 9,128,952 Commercial mortgage-backed securities - 3,424,395 - 3,424,395 Residential mortgage-backed securities - 24,276 - 24,276 Corporate bonds - 128,861,381 - 128,861,381 Asset-backed securities - 5,318,303 - 5,318,303 Exchange traded securities - 516,600 - 516,600 Foreign bonds - 34,733,326 - 34,733,326 Redeemable preferred securities - 1,232,400 - 1,232,400 Certificate of deposit - 410,392 - 410,392 Total fixed maturity securities $ - $ 184,077,038 $ - $ 184,077,038 Fixed maturity securities, available-for-sale held in trust under coinsurance agreement $ - $ 68,747,533 $ - $ 68,747,533 Equity securities Mutual funds $ - $ 76,816 $ - $ 76,816 Corporate common stock 207,979 - 63,423 271,402 Total equity securities $ 207,979 $ 76,816 $ 63,423 $ 348,218
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	(Unaudited) June 30, 2022 December 31, 2021 Beginning balance $ 63,423 $ 67,132 Joint venture net income 112,517 75,195 Joint venture distribution (97,804 ) (78,904 ) Net realized investment losses (8,000 ) - Ending balance $ 70,136 $ 63,423
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Amount Value Level 1 Level 2 Level 3 June 30, 2022 (Unaudited) Financial assets Mortgage loans on real estate Commercial $ 13,433,344 $ 13,809,167 $ - $ - $ 13,809,167 Residential 182,176,805 188,445,986 - - 188,445,986 Policy loans 2,502,435 2,502,435 - - 2,502,435 Short-term investments 3,372,157 3,372,157 3,372,157 - - Other long-term investments 64,033,072 72,202,185 - - 72,202,185 Cash and cash equivalents 18,259,194 18,259,194 18,259,194 - - Accrued investment income 5,009,611 5,009,611 - - 5,009,611 Total financial assets $ 288,786,618 $ 303,600,735 $ 21,631,351 $ - $ 281,969,384 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,914,596 $ 30,914,596 $ - $ - $ 30,914,596 Residential 3,583,208 3,583,208 - - 3,583,208 Less unearned interest on mortgage loans 480,789 480,789 - - 480,789 Cash and cash equivalents 3,415,979 3,415,979 3,415,979 - - Total financial assets held in trust under coinsurance agreement $ 37,432,994 $ 37,432,994 $ 3,415,979 $ - $ 34,017,015 Financial liabilities Policyholders' account balances $ 371,331,371 $ 335,370,155 $ - $ - $ 335,370,155 Policy claims 2,435,827 2,435,827 - - 2,435,827 Total financial liabilities $ 373,767,198 $ 337,805,982 $ - $ - $ 337,805,982 December 31, 2021 Financial assets Mortgage loans on real estate Commercial $ 8,140,003 $ 8,917,023 $ - $ - $ 8,917,023 Residential 169,368,048 187,336,689 - - 187,336,689 Policy loans 2,272,629 2,272,629 - - 2,272,629 Short-term investments 3,296,838 3,296,838 3,296,838 - - Other long-term investments 65,929,215 80,667,966 - - 80,667,966 Cash and cash equivalents 42,528,046 42,528,046 42,528,046 - - Accrued investment income 4,879,290 4,879,290 - - 4,879,290 Total financial assets $ 296,414,069 $ 329,898,481 $ 45,824,884 $ - $ 284,073,597 Held in trust under coinsurance agreement Mortgage loans on real estate Commercial $ 30,013,132 $ 30,013,132 $ - $ - $ 30,013,132 Residential 3,803,847 3,803,847 - - 3,803,847 Less unearned interest on mortgage loans 767,650 767,650 - - 767,650 Cash and cash equivalents 4,413,384 4,413,384 4,413,384 - - Total financial assets held in trust under coinsurance agreement $ 37,462,713 $ 37,462,713 $ 4,413,384 $ - $ 33,049,329 Financial liabilities Policyholders' account balances $ 373,647,869 $ 373,412,607 $ - $ - $ 373,412,607 Policy claims 2,381,183 2,381,183 - - 2,381,183 Total financial liabilities $ 376,029,052 $ 375,793,790 $ - $ - $ 375,793,790

Note 4 - Segment Data (Tables)

Note 4 - Segment Data (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) 2022 2021 2022 2021 Revenues: Life insurance operations $ 10,320,605 $ 9,026,587 $ 20,268,926 $ 17,063,471 Annuity operations 4,747,836 4,982,940 10,653,099 10,024,471 Corporate operations 471,730 187,844 649,766 402,003 Total $ 15,540,171 $ 14,197,371 $ 31,571,791 $ 27,489,945 Income (loss) before income taxes: Life insurance operations $ 1,312,518 $ 1,180,070 $ 1,231,853 $ 556,600 Annuity operations (38,242 ) 382,594 1,037,394 588,584 Corporate operations 499,742 24,482 634,330 (77,482 ) Total $ 1,774,018 $ 1,587,146 $ 2,903,577 $ 1,067,702 Depreciation and amortization expense: Life insurance operations $ 1,859,752 $ 1,541,698 $ 3,107,914 $ 3,082,892 Annuity operations 292,358 298,615 485,388 626,975 Total $ 2,152,110 $ 1,840,313 $ 3,593,302 $ 3,709,867
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	(Unaudited) June 30, 2022 December 31, 2021 Assets: Life insurance operations $ 142,581,888 $ 133,378,698 Annuity operations 484,741,891 521,742,643 Corporate operations 6,528,310 4,637,593 Total $ 633,852,089 $ 659,758,934

Note 8 - Other Comprehensive _2

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2022 and 2021 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of April 1, 2022 $ 111,288 $ (31 ) $ 111,257 Other comprehensive loss before reclassifications, net of tax (9,880,855 ) 2,805 (9,878,050 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax (67,946 ) - (67,946 ) Other comprehensive loss (9,812,909 ) 2,805 (9,810,104 ) Balance as of June 30, 2022 $ (9,701,621 ) $ 2,774 $ (9,698,847 ) Balance as of April 1, 2021 $ 12,210,023 $ (19,995 ) $ 12,190,028 Other comprehensive income before reclassifications, net of tax 3,756,050 5,789 3,761,839 Less amounts reclassified from accumulated other comprehensive income having no credit losses, net of tax 52,151 - 52,151 Other comprehensive income 3,703,899 5,789 3,709,688 Balance as of June 30, 2021 $ 15,913,922 $ (14,206 ) $ 15,899,716 Six Months Ended June 30, 2022 and 2021 (Unaudited) Unrealized Appreciation Accumulated (Depreciation) on Adjustment to Other Available-For-Sale Deferred Acquisition Comprehensive Securities Costs Income (Loss) Balance as of January 1, 2022 $ 13,209,319 $ (5,492 ) $ 13,203,827 Other comprehensive loss before reclassifications, net of tax (22,011,867 ) 8,266 (22,003,601 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 899,073 - 899,073 Other comprehensive loss (22,910,940 ) 8,266 (22,902,674 ) Balance as of June 30, 2022 $ (9,701,621 ) $ 2,774 $ (9,698,847 ) Balance as of January 1, 2021 $ 17,551,279 $ (32,421 ) $ 17,518,858 Other comprehensive loss before reclassifications, net of tax (1,555,462 ) 18,215 (1,537,247 ) Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax 81,895 - 81,895 Other comprehensive loss (1,637,357 ) 18,215 (1,619,142 ) Balance as of June 30, 2021 $ 15,913,922 $ (14,206 ) $ 15,899,716
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, 2022 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (12,507,412 ) $ (2,626,557 ) $ (9,880,855 ) Reclassification adjustment for net losses included in operations having no credit losses (86,008 ) (18,062 ) (67,946 ) Net unrealized losses on investments (12,421,404 ) (2,608,495 ) (9,812,909 ) Adjustment to deferred acquisition costs 3,550 745 2,805 Total other comprehensive loss $ (12,417,854 ) $ (2,607,750 ) $ (9,810,104 ) Three Months Ended June 30, 2021 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive income: Change in net unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 4,754,493 $ 998,443 $ 3,756,050 Reclassification adjustment for net gains included in operations having no credit losses 66,014 13,863 52,151 Net unrealized gains on investments 4,688,479 984,580 3,703,899 Adjustment to deferred acquisition costs 7,328 1,539 5,789 Total other comprehensive income $ 4,695,807 $ 986,119 $ 3,709,688 Six Months Ended June 30, 2022 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (27,863,123 ) $ (5,851,256 ) $ (22,011,867 ) Reclassification adjustment for net gains included in operations having no credit losses 1,138,067 238,994 899,073 Net unrealized losses on investments (29,001,190 ) (6,090,250 ) (22,910,940 ) Adjustment to deferred acquisition costs 10,463 2,197 8,266 Total other comprehensive loss $ (28,990,727 ) $ (6,088,053 ) $ (22,902,674 ) Six Months Ended June 30, 2021 (Unaudited) Income Tax Pretax Expense (Benefit) Net of Tax Other comprehensive loss: Change in net unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (1,968,938 ) $ (413,476 ) $ (1,555,462 ) Reclassification adjustment for net gains included in operations having no credit losses 103,665 21,770 81,895 Net unrealized losses on investments (2,072,603 ) (435,246 ) (1,637,357 ) Adjustment to deferred acquisition costs 23,057 4,842 18,215 Total other comprehensive loss $ (2,049,546 ) $ (430,404 ) $ (1,619,142 )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 30, (Unaudited) Six Months Ended June 30, (Unaudited) Reclassification Adjustments 2022 2021 2022 2021 Unrealized gains (losses) on available-for-sale securities having no credit losses: Realized gains (losses) on sales of securities (a) $ (86,008 ) $ 66,014 $ 1,138,067 $ 103,665 Income tax expense (benefit) (b) (18,062 ) 13,863 238,994 21,770 Total reclassification adjustments $ (67,946 ) $ 52,151 $ 899,073 $ 81,895

Note 9 - Allowance for Loan L_2

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Unaudited Three Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 728,229 $ 462,774 $ 61,990 $ 48,406 $ 790,219 $ 511,180 Charge offs - - - - - - Recoveries - - - - - - Provision 43,619 (68,056 ) 389 804 44,008 (67,252 ) Allowance, ending $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 152,577,793 $ 78,548,772 $ 13,433,344 $ 9,792,909 $ 166,011,137 $ 88,341,681 (Unaudited) Six Months Ended June 30, Residential Mortgage Loans Commercial Mortgage Loans Total 2022 2021 2022 2021 2022 2021 Allowance, beginning $ 675,162 $ 486,604 $ 31,357 $ 55,290 $ 706,519 $ 541,894 Charge offs - - - - - - Recoveries - - - - - - Provision 96,686 (91,886 ) 31,022 (6,080 ) 127,708 (97,966 ) Allowance, ending $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Allowance, ending: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment $ 771,848 $ 394,718 $ 62,379 $ 49,210 $ 834,227 $ 443,928 Carrying Values: Individually evaluated for reserve allowance $ - $ - $ - $ - $ - $ - Collectively evaluated for reserve allowance $ 152,577,793 $ 78,548,772 $ 13,433,344 $ 9,792,909 $ 166,011,137 $ 88,341,681
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Mortgage Loans Commercial Mortgage Loans Total Mortgage Loans (Unaudited) (Unaudited) (Unaudited) Loan-To-Value Ratio June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Over 70% to 80% $ 61,436,738 $ 52,292,906 $ 1,535,157 $ 1,069,973 $ 62,971,895 $ 53,362,879 Over 60% to 70% 46,493,784 50,445,981 2,193,306 1,359,831 48,687,090 51,805,812 Over 50% to 60% 32,628,828 26,492,616 1,327,563 1,496,664 33,956,391 27,989,280 Over 40% to 50% 18,964,478 19,235,027 312,177 312,648 19,276,655 19,547,675 Over 30% to 40% 10,743,115 7,843,501 3,863,965 1,471,023 14,607,080 9,314,524 Over 20% to 30% 7,653,030 9,482,943 941,232 1,916,446 8,594,262 11,399,389 Over 10% to 20% 3,345,556 2,737,111 3,259,944 513,418 6,605,500 3,250,529 10% or less 911,276 837,963 - - 911,276 837,963 Total $ 182,176,805 $ 169,368,048 $ 13,433,344 $ 8,140,003 $ 195,610,149 $ 177,508,051

Supplemental Disclosure - Cas_3

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2022	Jan. 04, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 458,587
Royalty Capital Life Insurance Company (RCLIC) [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total				$ 15,778,364
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total			$ 11,181,600	$ 11,181,600
Residential Mortgage [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure	$ 458,587	$ 458,587

Supplemental Disclosure - Cas_4

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Supplement Disclosures (Details)	6 Months Ended
	Jun. 30, 2021 USD ($)
Reductions in mortgage loans due to foreclosure	$ 458,587
Investment real estate held-for-sale acquired through foreclosure	(458,587)
Net cash used in investing activities	$ 0

Supplemental Disclosure - Cas_5

Supplemental Disclosure - Cash and Non-cash Impact on Investing Activities - Acquisition (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jan. 04, 2022
Cash provided in acquisition of Royalty Capital Life Insurance Company	$ 3,525,749	$ 0
Royalty Capital Life Insurance Company (RCLIC) [Member]
Cash used in acquisition of Royalty Capital Life Insurance Company	0
Cash provided in acquisition of Royalty Capital Life Insurance Company	3,525,749
Increase in cash from acquisition of Royalty Capital Life Insurance Company	3,525,749
Short-term investments	1,586,667
Recoverable from reinsurers	10,634,753
Accrued investment income	8
Due premiums	25,187
Other assets	6,000
Total fair value of assets acquired (excluding cash)	12,252,615
Future policy benefits	8,102,093
Policyholders' account balance	3,019,610
Policy claims	51,392
Other liabilities	8,505
Total fair value of liabilities assumed	11,181,600		$ 11,181,600
Fair value of net assets acquired in acquisition of Royalty Capital Life Insurance Company (excluding cash)	1,071,015
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	$ 4,596,764

Note 1 - Organization and Sig_2

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

6 Months Ended

12 Months Ended

24 Months Ended

93 Months Ended

110 Months Ended

Jan. 04, 2022 shares

Jan. 01, 2020 USD ($) shares

Apr. 03, 2018 USD ($)

Apr. 28, 2015 USD ($)

Dec. 28, 2011 USD ($)

Dec. 31, 2008 USD ($)

Dec. 23, 2008 USD ($)

Jun. 30, 2022 USD ($) $ / shares shares

Dec. 31, 2020 USD ($) $ / shares shares

Dec. 31, 2004 USD ($)

Dec. 31, 2012 USD ($) shares

Mar. 08, 2013 USD ($)

Mar. 08, 2013 USD ($) shares

Dec. 31, 2021 $ / shares

Oct. 02, 2019

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

Percentage of Dividends Received Upon Merger or Liquidation Activity

100%

Conversion of Common Stock Class B into Common Stock Class A [Member]

Conversion of Stock, Number of Stock Convertible by Each Share (in shares) | shares

0.85

Trinity American, Inc. ("TAI") [Member]

Business Combination, Consideration Transferred, Total

$ 250,000

Business Acquisition, Percentage of Voting Interests Acquired

100%

K-TENN Insurance Company ("K-TENN") [Member]

Business Combination, Consideration Transferred, Total

$ 1,746,240

Business Acquisition, Percentage of Voting Interests Acquired

100%

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares

168,866

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total

$ 1,746,240

Royalty Capital Life Insurance Company (RCLIC) [Member]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total

$ 4,596,764

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%

Percent of Dividends

100%

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

$ 0.01

$ 0.01

Right To Receive Dividend Percentage

85%

Common Class A [Member] | Royalty Capital Life Insurance Company (RCLIC) [Member]

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares

722,644

Common Class B [Member]

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

$ 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

Trinity American, Inc. ("TAI") [Member]

Wholly Owned Subsidiary Ownership Percentage

100%

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 Combination, Consideration Transferred, Total

$ 13,855,129

Business Acquisition, Percentage of Voting Interests Acquired

100%

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

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%

The Assuming Offshore Company [Member]

Additional Percentage of Assets in Trust above Required Annuity Reserve

4%

Trinity Life Insurance Company [Member]

Wholly Owned Subsidiary Ownership Percentage

100%

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

Wholly Owned Subsidiary Ownership Percentage

100%

First Trinity Capital Corporation [Member]

Wholly Owned Subsidiary Ownership Percentage

100%

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)	6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) a	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Deposit Assets, Total	$ 4,701,483		$ 4,673,271
Other Assets, Fair Value Disclosure	$ 4,693,076		$ 4,715,350
Number Of Loans Past Due	8		10
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 2,222,863		$ 1,717,496
Past Due Loans, Term Past Due (Year)	90 years		90 days
Number of Mortgage Loans in Default	4		1
Mortgage Loans in Process of Foreclosure, Amount	$ 1,841,176		$ 484,400
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold	53,067
Gains (Losses) on Sales of Investment Real Estate	(3,696)
Proceeds from Sale of Real Estate	49,371
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587
Real Estate Investments, Net, Total	635,278		688,345
Proceeds from Sale of Real Estate Held-for-investment, Total	49,371	75,940
Topeka Kansas [Member] | TLIC [Member] | Underdeveloped Land [Member]
Land	$ 409,436
Jefferson City Missouri [Member] | FBLIC [Member] | Assets Held-for-sale not Part of a Disposal Group [Member]
Area of Land (Acre) | a	0.5
Jefferson City Missouri [Member] | FBLIC [Member] | Underdeveloped Land [Member]
Land	$ 131,000
Lottery Prize Cash Flows [Member]
Other Investments, Total	$ 64,033,072		$ 65,929,215
Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	375		61
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss, Total	$ 12,532,903		$ 275,984
Debt Securities, Available-for-Sale, Unrealized Loss Position, Total	126,575,516		22,808,976
Amortized Cost of Debt Securities Available for Sale in an Unrealized Loss Position	$ 139,108,419		$ 23,084,960
Fair Value to Cost Ratio	91%		99%
Residential Mortgage [Member]
Gains (Losses) on Sales of Investment Real Estate			$ 289,840
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure		$ 458,587	458,587
Real Estate Investments, Net, Total			528,178
Proceeds from Sale of Real Estate Held-for-investment, Total			$ 818,018

Note 2 - Investments - Availabl

Note 2 - Investments - Available-for-sale Fixed Maturity and Equity Securities (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
US Treasury and Government [Member]
Available-for-sale securities at cost	$ 449,041	$ 428,153
Securities, gross unrealized gains	72	812
Securities, gross unrealized losses	7,474	1,952
Fixed maturity available-for-sale securities - fair value	441,639	427,013
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities at cost	8,773,533	8,463,941
Securities, gross unrealized gains	50,269	689,564
Securities, gross unrealized losses	220,388	24,553
Fixed maturity available-for-sale securities - fair value	8,603,414	9,128,952
Commercial Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	10,593,369	3,458,408
Securities, gross unrealized gains	0	252
Securities, gross unrealized losses	1,499,361	34,265
Fixed maturity available-for-sale securities - fair value	9,094,008	3,424,395
Residential Mortgage-Backed Securities [Member]
Available-for-sale securities at cost	10,205	11,081
Securities, gross unrealized gains	9,251	13,195
Securities, gross unrealized losses	0	0
Fixed maturity available-for-sale securities - fair value	19,456	24,276
Corporate Debt Securities [Member]
Available-for-sale securities at cost	101,056,029	116,230,579
Securities, gross unrealized gains	174,422	12,731,684
Securities, gross unrealized losses	7,190,822	100,882
Fixed maturity available-for-sale securities - fair value	94,039,629	128,861,381
Asset-Backed Securities [Member]
Available-for-sale securities at cost	9,145,218	5,278,819
Securities, gross unrealized gains	0	57,290
Securities, gross unrealized losses	955,521	17,806
Fixed maturity available-for-sale securities - fair value	8,189,697	5,318,303
Exchange-traded Debt Securities [Member]
Available-for-sale securities at cost	608,903	549,334
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	128,903	32,734
Fixed maturity available-for-sale securities - fair value	480,000	516,600
Debt Security, Government, Non-US [Member]
Available-for-sale securities at cost	28,752,847	31,286,049
Securities, gross unrealized gains	17,465	3,493,469
Securities, gross unrealized losses	2,428,434	46,192
Fixed maturity available-for-sale securities - fair value	26,341,878	34,733,326
Redeemable Preferred Stock [Member]
Available-for-sale securities at cost	1,250,000	1,250,000
Securities, gross unrealized gains	0	0
Securities, gross unrealized losses	102,000	17,600
Fixed maturity available-for-sale securities - fair value	1,148,000	1,232,400
Certificates of Deposit [Member]
Available-for-sale securities at cost	200,000	400,000
Securities, gross unrealized gains	908	10,392
Securities, gross unrealized losses	0	0
Fixed maturity available-for-sale securities - fair value	200,908	410,392
Debt Securities [Member]
Available-for-sale securities at cost	160,839,145	167,356,364
Securities, gross unrealized gains	252,387	16,996,658
Securities, gross unrealized losses	12,532,903	275,984
Fixed maturity available-for-sale securities - fair value	148,558,629	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Available-for-sale securities at cost	64,081,106	65,269,544
Securities, gross unrealized gains	30,835	3,593,466
Securities, gross unrealized losses	5,780,731	115,477
Fixed maturity available-for-sale securities - fair value	$ 58,331,210	$ 68,747,533

Note 2 - Investments - Securiti

Note 2 - Investments - Securities in an Unrealized Loss Position (Details)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
US Government Agencies Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 198,754	$ 301,195
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,743	$ 1,952
Securities in an unrealized loss position, less than twelve months, number	1	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 95,476
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 4,731
Securities in an unrealized loss position, more than twelve months, number	1
US States and Political Subdivisions Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 3,411,491	$ 337,421
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 168,744	$ 1,724
Securities in an unrealized loss position, less than twelve months, number	18	2
Securities in an unrealized loss position, more than twelve months, fair value	$ 486,475	$ 626,754
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 51,644	$ 22,829
Securities in an unrealized loss position, more than twelve months, number	1	1
Commercial Mortgage-Backed Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 9,094,007	$ 3,323,141
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 1,499,361	$ 34,265
Securities in an unrealized loss position, less than twelve months, number	24	7
Corporate Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 81,118,080	$ 10,991,840
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 7,188,588	$ 100,882
Securities in an unrealized loss position, less than twelve months, number	243	30
Securities in an unrealized loss position, more than twelve months, fair value	$ 198,000
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 2,234
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	$ 7,884,207	$ 3,475,854
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 918,752	$ 9,544
Securities in an unrealized loss position, less than twelve months, number	19	8
Securities in an unrealized loss position, more than twelve months, fair value	$ 305,489	$ 345,299
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 36,769	$ 8,262
Securities in an unrealized loss position, more than twelve months, number	1	1
Exchange-traded Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 480,000	$ 516,600
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 128,903	$ 32,734
Securities in an unrealized loss position, less than twelve months, number	2	2
Debt Security, Government, Non-US [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 22,486,537	$ 2,408,472
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 2,288,065	$ 46,192
Securities in an unrealized loss position, less than twelve months, number	61	6
Securities in an unrealized loss position, more than twelve months, fair value	$ 419,000
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 140,369
Securities in an unrealized loss position, more than twelve months, number	1
Redeemable Preferred Stock [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 398,000	$ 482,400
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 102,000	$ 17,600
Securities in an unrealized loss position, less than twelve months, number	2	2
Debt Securities [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 125,071,076	$ 21,836,923
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 12,297,156	$ 244,893
Securities in an unrealized loss position, less than twelve months, number	370	59
Securities in an unrealized loss position, more than twelve months, fair value	$ 1,504,440	$ 972,053
Securities in an unrealized loss position, more than twelve months, unrealized loss	$ 235,747	$ 31,091
Securities in an unrealized loss position, more than twelve months, number	5	2
Securities in an unrealized loss position, fair value	$ 126,575,516	$ 22,808,976
Securities in an unrealized loss position, unrealized loss	$ 12,532,903	$ 275,984
Securities in an unrealized loss position, number	375	61
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Securities in an unrealized loss position, less than twelve months, fair value	$ 53,445,433	$ 8,000,895
Securities in an unrealized loss position, less than twelve months, unrealized loss	$ 5,780,731	$ 115,477
Securities in an unrealized loss position, less than twelve months, number	221	21
Securities in an unrealized loss position, fair value	$ 53,445,433	$ 8,000,895
Securities in an unrealized loss position, unrealized loss	$ 5,780,731	$ 115,477
Securities in an unrealized loss position, number	221	21

Note 2 - Investments - Net Unre

Note 2 - Investments - Net Unrealized Gains Included in Accumulated Other Comprehensive Income (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Unrealized appreciation (depreciation) on available-for-sale securities	$ (12,280,516)	$ 16,720,674
Adjustment to deferred acquisition costs	3,494	(6,969)
Deferred income taxes	2,578,175	(3,509,878)
Net unrealized appreciation (depreciation) on available-for-sale securities	(9,698,847)	13,203,827
Trinity Life Insurance Company [Member]
Unrealized appreciation (depreciation) on available-for-sale securities	$ (5,749,896)	$ 3,477,989

Note 2 - Investments - Fixed Ma

Note 2 - Investments - Fixed Maturity Available-for-sale Securities by Contractual Maturities (Details)	Jun. 30, 2022 USD ($)
Fixed Maturities [Member]
Due in one year or less - amortized cost	$ 2,118,459
Due in one year or less - fair value	2,118,731
Due in one year through five years - amortized cost	25,926,987
Due after one year through five years- fair value	25,292,908
Due after five years through ten years - amortized cost	32,061,087
Due after five years through ten years - fair value	30,388,130
Due after ten years - amortized cost	88,879,038
Due after ten years - fair value	80,497,396
Due at multiple maturity dates - amortized cost	11,853,574
Due at multiple maturity dates - fair value	10,261,464
Fixed maturity available-for-sale securities - amortized cost	160,839,145
Fixed maturity available-for-sale securities - fair value	148,558,629
Fixed Maturities [Member] | Trinity Life Insurance Company [Member]
Due in one year through five years - amortized cost	29,813,746
Due after one year through five years- fair value	29,066,482
Due after five years through ten years - amortized cost	9,799,070
Due after five years through ten years - fair value	9,079,740
Due after ten years - amortized cost	21,617,973
Due after ten years - fair value	17,657,027
Due at multiple maturity dates - amortized cost	2,850,317
Due at multiple maturity dates - fair value	2,527,961
Fixed maturity available-for-sale securities - amortized cost	64,081,106
Fixed maturity available-for-sale securities - fair value	58,331,210
Other Long-Term Investments [Member]
Due in one year or less - amortized cost	12,421,111
Due in one year or less - fair value	12,615,589
Due in one year through five years - amortized cost	33,443,202
Due after one year through five years- fair value	36,254,679
Due after five years through ten years - amortized cost	12,842,074
Due after five years through ten years - fair value	15,400,937
Due after ten years - amortized cost	5,326,685
Due after ten years - fair value	7,930,980
Due at multiple maturity dates - amortized cost	0
Due at multiple maturity dates - fair value	0
Fixed maturity available-for-sale securities - amortized cost	64,033,072
Fixed maturity available-for-sale securities - fair value	$ 72,202,185

Note 2 - Investments - Proceeds

Note 2 - Investments - Proceeds and Gross Realized Gains (Losses) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fixed Maturities [Member]
Proceeds from sale, maturity, or collection of investments	$ 10,116,397	$ 1,549,139	$ 41,066,357	$ 3,968,218
Gross realized gains on sale of investments	16,111	66,349	1,241,025	130,499
Gross realized losses on sale of investments	(102,119)	(335)	(102,958)	(26,834)
Equity Securities [Member]
Proceeds from sale, maturity, or collection of investments	0	1	0	89
Gross realized gains on sale of investments	0	0	0	89
Gross realized losses on sale of investments	0	0	(8,000)	0
Real Estate Investment [Member]
Proceeds from sale, maturity, or collection of investments	0	75,940	49,371	75,940
Gross realized gains on sale of investments	0	6,349	0	6,349
Gross realized losses on sale of investments	0	0	(3,696)	0
Mortgages [Member]
Proceeds from sale, maturity, or collection of investments	0	53,161,263	0	53,161,263
Gross realized gains on sale of investments	0	38,670	0	38,670
Gross realized losses on sale of investments	$ 0	$ 0	$ 0	$ 0

Note 2 - Investments - Major Ca

Note 2 - Investments - Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Change in unrealized investment gains (losses)	$ (9,812,909)	$ 3,703,899	$ (22,910,940)	$ (1,637,357)
Gross Investment income	7,171,842	6,528,191	14,326,982	13,320,123
Investment expenses	(732,725)	(455,689)	(1,438,870)	(1,098,779)
Net investment income	6,439,117	6,072,502	12,888,112	12,221,344
Fixed Maturities [Member]
Change in unrealized investment gains (losses)	(12,421,404)	4,688,479	(29,001,190)	(2,072,603)
Net realized investment gains (losses)	(86,008)	66,014	1,138,067	103,665
Gross Investment income	1,734,933	1,727,496	3,670,687	3,423,390
Fixed Maturities [Member] | Trinity Life Insurance Company [Member]
Change in unrealized investment gains (losses)	(4,551,514)	675,015	(9,227,885)	(3,356,283)
Equity Securities [Member]
Equity securities, sale of securities	0	0	(8,000)	89
Equity securities, changes in fair value	(62,706)	7,235	(37,279)	21,590
Gross Investment income	48,026	26,405	113,099	43,404
Other Long-Term Investments [Member]
Gross Investment income	1,211,486	1,222,180	2,523,180	2,505,074
Mortgages [Member]
Net realized investment gains (losses)	0	38,670	0	38,670
Gross Investment income	4,103,208	3,478,075	7,881,233	7,226,307
Policy Loans [Member]
Gross Investment income	48,755	38,957	92,077	77,575
Short-Term Investments [Member]
Gross Investment income	25,434	35,078	46,706	44,373
Real Estate Investment [Member]
Net realized investment gains (losses)	$ 0	$ 6,349	$ (3,696)	$ 6,349

Note 2 - Investments - Mortgage

Note 2 - Investments - Mortgage Loans on Real Estate (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 195,610,149	$ 177,508,051
Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	34,017,015	33,049,329
Less unearned interest on mortgage loans	480,789	767,650
Total mortgage loans held in trust under coinsurance agreement	34,017,015	33,049,329
Residential Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	182,176,805	169,368,048
Residential Portfolio Segment [Member] | Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	3,583,208	3,803,847
Commercial Portfolio Segment [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	13,433,344	8,140,003
Commercial Portfolio Segment [Member] | Trinity Life Insurance Company [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	30,914,596	30,013,132
Commercial Portfolio Segment [Member] | Industrial Property [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,149,821	1,170,544
Commercial Portfolio Segment [Member] | Agriculture [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	998,681	0
Commercial Portfolio Segment [Member] | Apartment Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	1,909,097	175,121
Commercial Portfolio Segment [Member] | Hotel [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	274,498	280,836
Commercial Portfolio Segment [Member] | Office Building [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	5,276,640	2,285,403
Commercial Portfolio Segment [Member] | Retail Site [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 3,824,607	$ 4,228,099

Note 2 - Investments - Investme

Note 2 - Investments - Investment Real Estate (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investment real estate	$ 635,278	$ 688,345
Land Held for Sale [Member]
Investment real estate	540,436	540,436
Residential Real Estate - Held for Sale [Member]
Investment real estate	$ 94,842	$ 147,909

Note 3 - Fair Value Measureme_3

Note 3 - Fair Value Measurements - Fair Value Measured on a Recurring Basis (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Recurring [Member]
Equity securities	$ 317,652	$ 348,218
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	199,207	207,979
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	48,309	76,816
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	70,136	63,423
US Treasury and Government [Member]
Fixed maturity available-for-sale securities - fair value	441,639	427,013
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	441,639	427,013
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	441,639	427,013
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
US States and Political Subdivisions Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	8,603,414	9,128,952
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	8,603,414	9,128,952
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	0	0
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	8,603,414	9,128,952
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	0	0
Commercial Mortgage-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	9,094,008	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,094,008	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	9,094,008	3,424,395
Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Residential Mortgage-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	19,456	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	19,456	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	19,456	24,276
Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Corporate Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	94,039,629	128,861,381
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	94,039,629	128,861,381
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	94,039,629	128,861,381
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Asset-Backed Securities [Member]
Fixed maturity available-for-sale securities - fair value	8,189,697	5,318,303
Asset-Backed Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	8,189,697	5,318,303
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	8,189,697	5,318,303
Asset-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Exchange-traded Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	480,000	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	480,000	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	480,000	516,600
Exchange-traded Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Security, Government, Non-US [Member]
Fixed maturity available-for-sale securities - fair value	26,341,878	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	26,341,878	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	26,341,878	34,733,326
Debt Security, Government, Non-US [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Redeemable Preferred Stock [Member]
Fixed maturity available-for-sale securities - fair value	1,148,000	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,148,000	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	1,148,000	1,232,400
Redeemable Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Certificates of Deposit [Member]
Fixed maturity available-for-sale securities - fair value	200,908	410,392
Certificates of Deposit [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	200,908	410,392
Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	200,908	410,392
Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Securities [Member]
Fixed maturity available-for-sale securities - fair value	148,558,629	184,077,038
Debt Securities [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	58,331,210	68,747,533
Debt Securities [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	148,558,629	184,077,038
Debt Securities [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	58,331,210	68,747,533
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	148,558,629	184,077,038
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	58,331,210	68,747,533
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Trinity Life Insurance Company [Member]
Fixed maturity available-for-sale securities - fair value	0	0
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	48,309	76,816
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	48,309	76,816
Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Common Stock [Member] | Fair Value, Recurring [Member]
Equity securities	269,343	271,402
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Equity securities	199,207	207,979
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Equity securities	0	0
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Equity securities	$ 70,136	$ 63,423

Note 3 - Fair Value Measureme_4

Note 3 - Fair Value Measurements - Change in Fair Value of Available-for-sale Equity Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Beginning balance	$ 63,423	$ 67,132
Joint venture net income	112,517	75,195
Joint venture distribution	(97,804)	(78,904)
Net realized investment losses	(8,000)	0
Ending balance	$ 70,136	$ 63,423

Note 3 - Fair Value Measureme_5

Note 3 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Policy loans	$ 2,502,435	$ 2,272,629
Accrued investment income	5,009,611	4,879,290
Policy claims	2,435,827	2,381,183
Trinity Life Insurance Company [Member]
Less unearned interest on mortgage loans	480,789	767,650
Reported Value Measurement [Member]
Policy loans	2,502,435	2,272,629
Short-term investments	3,372,157	3,296,838
Other long-term investments	64,033,072	65,929,215
Cash and cash equivalents	18,259,194	42,528,046
Accrued investment income	5,009,611	4,879,290
Total financial assets	288,786,618	296,414,069
Policyholders' account balances	371,331,371	373,647,869
Policy claims	2,435,827	2,381,183
Total financial liabilities	373,767,198	376,029,052
Reported Value Measurement [Member] | Trinity Life Insurance Company [Member]
Cash and cash equivalents	3,415,979	4,413,384
Total financial assets	37,432,994	37,462,713
Less unearned interest on mortgage loans	480,789	767,650
Reported Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	13,433,344	8,140,003
Reported Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	30,914,596	30,013,132
Reported Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	182,176,805	169,368,048
Reported Value Measurement [Member] | Residential [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	3,583,208	3,803,847
Estimate of Fair Value Measurement [Member]
Policy loans	2,502,435	2,272,629
Short-term investments	3,372,157	3,296,838
Other long-term investments	72,202,185	80,667,966
Cash and cash equivalents	18,259,194	42,528,046
Accrued investment income	5,009,611	4,879,290
Total financial assets	303,600,735	329,898,481
Policyholders' account balances	335,370,155	373,412,607
Policy claims	2,435,827	2,381,183
Total financial liabilities	337,805,982	375,793,790
Estimate of Fair Value Measurement [Member] | Trinity Life Insurance Company [Member]
Cash and cash equivalents	3,415,979	4,413,384
Total financial assets	37,432,994	37,462,713
Less unearned interest on mortgage loans	480,789	767,650
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Policy loans	0	0
Short-term investments	3,372,157	3,296,838
Other long-term investments	0	0
Cash and cash equivalents	18,259,194	42,528,046
Accrued investment income	0	0
Total financial assets	21,631,351	45,824,884
Policyholders' account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Trinity Life Insurance Company [Member]
Cash and cash equivalents	3,415,979	4,413,384
Total financial assets	3,415,979	4,413,384
Less unearned interest on mortgage loans	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Policy loans	0	0
Short-term investments	0	0
Other long-term investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Total financial assets	0	0
Policyholders' account balances	0	0
Policy claims	0	0
Total financial liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Trinity Life Insurance Company [Member]
Cash and cash equivalents	0	0
Total financial assets	0	0
Less unearned interest on mortgage loans	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Policy loans	2,502,435	2,272,629
Short-term investments	0	0
Other long-term investments	72,202,185	80,667,966
Cash and cash equivalents	0	0
Accrued investment income	5,009,611	4,879,290
Total financial assets	281,969,384	284,073,597
Policyholders' account balances	335,370,155	373,412,607
Policy claims	2,435,827	2,381,183
Total financial liabilities	337,805,982	375,793,790
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Cash and cash equivalents	0	0
Total financial assets	34,017,015	33,049,329
Less unearned interest on mortgage loans	480,789	767,650
Estimate of Fair Value Measurement [Member] | Commercial [Member]
Mortgage loans on real estate	13,809,167	8,917,023
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	30,914,596	30,013,132
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 1 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 2 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	13,809,167	8,917,023
Estimate of Fair Value Measurement [Member] | Commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	30,914,596	30,013,132
Estimate of Fair Value Measurement [Member] | Residential [Member]
Mortgage loans on real estate	188,445,986	187,336,689
Estimate of Fair Value Measurement [Member] | Residential [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	3,583,208	3,803,847
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 1 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 2 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	0	0
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member]
Mortgage loans on real estate	188,445,986	187,336,689
Estimate of Fair Value Measurement [Member] | Residential [Member] | Fair Value, Inputs, Level 3 [Member] | Trinity Life Insurance Company [Member]
Mortgage loans on real estate	$ 3,583,208	$ 3,803,847

Note 4 - Segment Data - Segment

Note 4 - Segment Data - Segment Data - Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total revenue	$ 15,540,171	$ 14,197,371	$ 31,571,791	$ 27,489,945
Income before income taxes	1,774,018	1,587,146	2,903,577	1,067,702
Depreciation and amortization expense	2,152,110	1,840,313	3,593,302	3,709,867
Life Insurance Operations [Member]
Total revenue	10,320,605	9,026,587	20,268,926	17,063,471
Income before income taxes	1,312,518	1,180,070	1,231,853	556,600
Depreciation and amortization expense	1,859,752	1,541,698	3,107,914	3,082,892
Annuity Operations [Member]
Total revenue	4,747,836	4,982,940	10,653,099	10,024,471
Income before income taxes	(38,242)	382,594	1,037,394	588,584
Depreciation and amortization expense	292,358	298,615	485,388	626,975
Corporate Segment [Member]
Total revenue	471,730	187,844	649,766	402,003
Income before income taxes	$ 499,742	$ 24,482	$ 634,330	$ (77,482)

Note 4 - Segment Data - Assets

Note 4 - Segment Data - Assets (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Total assets	$ 633,852,089	$ 659,758,934
Life Insurance Operations [Member]
Total assets	142,581,888	133,378,698
Annuity Operations [Member]
Total assets	484,741,891	521,742,643
Corporate Segment [Member]
Total assets	$ 6,528,310	$ 4,637,593

Note 7 - Line of Credit (Detail

Note 7 - Line of Credit (Details Textual) - Line of Credit [Member] - USD ($) $ in Thousands	Sep. 15, 2021	Jun. 30, 2022	Dec. 31, 2021
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1%
Long-term Line of Credit, Total		$ 0	$ 0
Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.75%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1%

Note 8 - Other Comprehensive _3

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance	$ 60,811,280	$ 64,062,730	$ 68,394,551	$ 69,852,212
Total other comprehensive income (loss)	(9,810,104)	3,709,688	(22,902,674)	(1,619,142)
Balance	52,459,391	68,993,461	52,459,391	68,993,461
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	111,288	12,210,023	13,209,319	17,551,279
Other comprehensive income (loss) before reclassifications, net of tax	(9,880,855)	3,756,050	(22,011,867)	(1,555,462)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	(67,946)	52,151	899,073	81,895
Total other comprehensive income (loss)	(9,812,909)	3,703,899	(22,910,940)	(1,637,357)
Balance	(9,701,621)	15,913,922	(9,701,621)	15,913,922
Adjustment to Deferred Acquisition Costs [Member]
Balance	(31)	(19,995)	(5,492)	(32,421)
Other comprehensive income (loss) before reclassifications, net of tax	2,805	5,789	8,266	18,215
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	0	0	0	0
Total other comprehensive income (loss)	2,805	5,789	8,266	18,215
Balance	2,774	(14,206)	2,774	(14,206)
AOCI Attributable to Parent [Member]
Balance	111,257	12,190,028	13,203,827	17,518,858
Other comprehensive income (loss) before reclassifications, net of tax	(9,878,050)	3,761,839	(22,003,601)	(1,537,247)
Less amounts reclassified from accumulated other comprehensive income (loss) having no credit losses, net of tax	(67,946)	52,151	899,073	81,895
Total other comprehensive income (loss)	(9,810,104)	3,709,688	(22,902,674)	(1,619,142)
Balance	$ (9,698,847)	$ 15,899,716	$ (9,698,847)	$ 15,899,716

Note 8 - Other Comprehensive _4

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Unrealized holding gains (losses) arising during the period, pretax		$ (12,507,412)	$ 4,754,493	$ (27,863,123)	$ (1,968,938)
Unrealized holding gains (losses) arising during the period, income tax expense (benefit)		(2,626,557)	998,443	(5,851,256)	(413,476)
Unrealized holding gains (losses) arising during the period, net of tax		(9,880,855)	3,756,050	(22,011,867)	(1,555,462)
Realized gains (losses) on sales of securities	[1]	(86,008)	66,014	1,138,067	103,665
Income tax expense (benefit)	[2]	(18,062)	13,863	238,994	21,770
Reclassification adjustment for net gains included in operation having no credit losses, net of tax		(67,946)	52,151	899,073	81,895
Net unrealized gains (losses) on investments, pretax		(12,421,404)	4,688,479	(29,001,190)	(2,072,603)
Net unrealized gains (losses) on investments, income tax expense (benefit)		(2,608,495)	984,580	(6,090,250)	(435,246)
Net unrealized gains (losses) on investments, net of tax		(9,812,909)	3,703,899	(22,910,940)	(1,637,357)
Adjustment to deferred acquisition costs, pretax		3,550	7,328	10,463	23,057
Adjustment to deferred acquisition costs, income tax expense (benefit)		745	1,539	2,197	4,842
Adjustment to deferred acquisition costs, net of tax		2,805	5,789	8,266	18,215
Total other comprehensive income (loss), pretax		(12,417,854)	4,695,807	(28,990,727)	(2,049,546)
Total other comprehensive income (loss), income tax expense (benefit)		(2,607,750)	986,119	(6,088,053)	(430,404)
Total other comprehensive income (loss), net of tax		$ (9,810,104)	$ 3,709,688	$ (22,902,674)	$ (1,619,142)
[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 - Other Comprehensive _5

Note 8 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) - Reclassified From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Realized gains (losses) on sales of securities	[1]	$ (86,008)	$ 66,014	$ 1,138,067	$ 103,665
Income tax expense (benefit)	[2]	(18,062)	13,863	238,994	21,770
Total reclassification adjustments		$ (67,946)	$ 52,151	$ 899,073	$ 81,895
[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 9 - Allowance for Loan L_3

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 195,610,149	$ 177,508,051
Financing Receivable, Collectively Evaluated for Impairment	166,011,137	140,597,237
Independent Mortgage Loan Balances [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	834,227	706,519
One Loan Originator and Investments [Member] | Independent Mortgage Loan Balances [Member]
Escrow Deposit	842,223	795,730
Escrow Amount Available	694,228	611,176
Advances To Loan Originator	6,104,104	4,382,896
Residential Real Estate - Held for Sale [Member] | Independent Mortgage Loan Balances [Member]
Escrow Amount Available	147,995	184,554
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	29,599,012	$ 36,910,814
One Loan Originator [Member]
Mortgage Loans on Real Estate, Commercial and Consumer, Net, Total	$ 29,599,012		$ 81,368,440

Note 9 - Allowance for Loan L_4

Note 9 - Allowance for Loan Losses From Mortgage Loans On Real Estate - Allowance for Loss on Premium Financing (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Provision			$ 127,708	$ (97,966)
Financing Receivable, Collectively Evaluated for Impairment	$ 166,011,137		166,011,137		$ 140,597,237
Residential Portfolio Segment [Member]
Allowance, beginning	728,229	$ 462,774	675,162	486,604
Charge offs	0	0	0	0
Recoveries	0	0	0	0
Provision	43,619	(68,056)	96,686	(91,886)
Allowance, ending	771,848	394,718	771,848	394,718
Individually evaluated for impairment	0	0	0	0
Collectively evaluated for impairment	771,848	394,718	771,848	394,718
Individually evaluated for reserve allowance	0	0	0	0
Financing Receivable, Collectively Evaluated for Impairment	152,577,793	78,548,772	152,577,793	78,548,772
Commercial Portfolio Segment [Member]
Allowance, beginning	61,990	48,406	31,357	55,290
Charge offs	0	0	0	0
Recoveries	0	0	0	0
Provision	389	804	31,022	(6,080)
Allowance, ending	62,379	49,210	62,379	49,210
Individually evaluated for impairment	0	0	0	0
Collectively evaluated for impairment	62,379	49,210	62,379	49,210
Individually evaluated for reserve allowance	0	0	0	0
Financing Receivable, Collectively Evaluated for Impairment	13,433,344	9,792,909	13,433,344	9,792,909
Premium Finance Loans [Member]
Allowance, beginning	790,219	511,180	706,519	541,894
Charge offs	0	0	0	0
Recoveries	0	0	0	0
Provision	44,008	(67,252)	127,708	(97,966)
Allowance, ending	834,227	443,928	834,227	443,928
Individually evaluated for impairment	0	0	0	0
Collectively evaluated for impairment	834,227	443,928	834,227	443,928
Individually evaluated for reserve allowance	0	0	0	0
Financing Receivable, Collectively Evaluated for Impairment	$ 166,011,137	$ 88,341,681	$ 166,011,137	$ 88,341,681

Note 9 - Allowance for Loan L_5

Note 9 - Allowance for Loan Losses From Mortgage Loans on Real Estate - Mortgage Loan to Value Ratios (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Mortgage loans on real estate	$ 195,610,149	$ 177,508,051
Loan to Value Range1 [Member]
Mortgage loans on real estate	62,971,895	53,362,879
Loan to Value Range 2 [Member]
Mortgage loans on real estate	48,687,090	51,805,812
Loan to Value Range 3 [Member]
Mortgage loans on real estate	33,956,391	27,989,280
Loan to Value Range 4 [Member]
Mortgage loans on real estate	19,276,655	19,547,675
Loan to Value Range 5 [Member]
Mortgage loans on real estate	14,607,080	9,314,524
Loan to Value Range 6 [Member]
Mortgage loans on real estate	8,594,262	11,399,389
Loan to Value Range 7 [Member]
Mortgage loans on real estate	6,605,500	3,250,529
Loan to Value Range 8 [Member]
Mortgage loans on real estate	911,276	837,963
Residential Portfolio Segment [Member]
Mortgage loans on real estate	182,176,805	169,368,048
Residential Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	61,436,738	52,292,906
Residential Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	46,493,784	50,445,981
Residential Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	32,628,828	26,492,616
Residential Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	18,964,478	19,235,027
Residential Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	10,743,115	7,843,501
Residential Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	7,653,030	9,482,943
Residential Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	3,345,556	2,737,111
Residential Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	911,276	837,963
Commercial Portfolio Segment [Member]
Mortgage loans on real estate	13,433,344	8,140,003
Commercial Portfolio Segment [Member] | Loan to Value Range1 [Member]
Mortgage loans on real estate	1,535,157	1,069,973
Commercial Portfolio Segment [Member] | Loan to Value Range 2 [Member]
Mortgage loans on real estate	2,193,306	1,359,831
Commercial Portfolio Segment [Member] | Loan to Value Range 3 [Member]
Mortgage loans on real estate	1,327,563	1,496,664
Commercial Portfolio Segment [Member] | Loan to Value Range 4 [Member]
Mortgage loans on real estate	312,177	312,648
Commercial Portfolio Segment [Member] | Loan to Value Range 5 [Member]
Mortgage loans on real estate	3,863,965	1,471,023
Commercial Portfolio Segment [Member] | Loan to Value Range 6 [Member]
Mortgage loans on real estate	941,232	1,916,446
Commercial Portfolio Segment [Member] | Loan to Value Range 7 [Member]
Mortgage loans on real estate	3,259,944	513,418
Commercial Portfolio Segment [Member] | Loan to Value Range 8 [Member]
Mortgage loans on real estate	$ 0	$ 0