ICC (ICCH) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 08, 2019
Document And Entity Information
Entity Registrant Name	ICC Holdings, Inc.
Entity Central Index Key	0001681903
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		3,299,379

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2019	Dec. 31, 2018
Investments and cash:
Fixed maturity securities (amortized cost - $88,857,008 at 9/30/2019 and $89,252,906 at 12/31/2018)		$ 92,918,467	$ 88,981,159
Common stocks (cost - $13,235,053 at 9/30/2019 and $13,572,713 at 12/31/2018)		13,330,075	11,843,223
Other invested assets		878,308	154,200
Property held for investment, at cost, net of accumulated depreciation of $302,100 at 9/30/2019 and $222,825 at 12/31/2018		3,839,390	3,586,273
Cash and cash equivalents		2,030,900	4,644,784
Total investments and cash		112,997,140	109,209,639
Accrued investment income		650,692	648,321
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 9/30/2019 and 12/31/2018		23,252,325	21,404,344
Ceded unearned premiums		861,471	796,065
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 9/30/2019 and 12/31/2018		12,266,481	6,735,964
Federal income taxes		616,785	1,868,669
Deferred policy acquisition costs, net		5,525,395	5,247,188
Property and equipment, at cost, net of accumulated depreciation of $5,564,730 at 9/30/2019 and $5,099,090 at 12/31/2018		3,088,736	3,332,810
Other assets		2,212,641	1,040,193
Total assets		161,471,666	150,283,193
Liabilities:
Unpaid losses and settlement expenses		58,322,611	51,447,440
Unearned premiums		31,615,601	29,972,623
Reinsurance balances payable		95,991	993,004
Corporate debt		3,477,586	3,484,606
Accrued expenses		3,159,742	4,536,218
Other liabilities		1,858,174	1,256,003
Total liabilities		98,529,705	91,689,894
Equity:
Common stock	[1]	35,000	35,000
Treasury stock, at cost	[2]	(3,102,850)	(2,999,995)
Additional paid-in capital		32,641,488	32,505,423
Accumulated other comprehensive earnings (loss), net of tax		3,208,554	(1,580,976)
Retained earnings		33,031,328	33,680,702
Less: Unearned Employee Stock Ownership Plan shares at cost	[3]	(2,871,559)	(3,046,855)
Total equity		62,941,961	58,593,299
Total liabilities and equity		$ 161,471,666	$ 150,283,193
[1]	Par value $0.01; authorized: 2019 - 10,000,000 shares and 2018 - 10,000,000 shares; issued: 2019 - 3,500,000 shares and 2018 - 3,500,000 shares; outstanding: 2019 - 3,012,223 and 2018 - 2,992,734 shares.
[2]	200,621 shares and 2018 - 196,721 shares
[3]	287,156 shares and 2018 -304,685 shares

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Condensed Consolidated Balance Sheets [Abstract]
Fixed maturity securities, amortized cost	$ 88,857,008	$ 89,252,906
Equity securities, amortized cost	13,235,053	13,572,713
Property held for investment, accumulated depreciation	302,100	222,825
Premiums and reinsurance balances receivable, allowances for uncollectible amounts	50,000	50,000
Reinsurance balances recoverable on unpaid losses and settlement expenses, allowances for uncollectible amounts	0	0
Property and equipment, at cost, accumulated depreciation	$ 5,564,730	$ 5,099,090
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	3,500,000	3,500,000
Common stock, shares outstanding (in shares)	3,012,223	2,992,734
Treasury stock (in shares)	200,621	196,721
Unearned Employee Stock Ownership Plan	287,156	304,685

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statements of Earnings and Comprehensive Earnings [Abstract]
Net premiums earned	$ 13,679,746	$ 12,137,690	$ 39,219,882	$ 34,919,705
Net investment income	811,462	735,683	2,406,965	2,124,059
Net realized investment gains	141,481	15,029	741,123	1,087,229
Net unrealized losses on equity securities	(7,603)		1,716,124
Other (loss) income	(112,763)	74,051	(43,838)	130,222
Consolidated revenues	14,512,323	12,962,453	44,040,256	38,261,215
Losses and settlement expenses	9,609,347	8,611,573	28,117,369	24,398,009
Policy acquisition costs and other operating expenses	4,733,206	4,475,659	14,541,986	13,089,081
Interest expense on debt	32,458	32,553	96,353	108,335
General corporate expenses	164,378	128,803	444,829	398,859
Total expenses	14,539,389	13,248,588	43,200,537	37,994,284
Earnings (loss) before income taxes	(27,066)	(286,135)	839,719	266,931
Total income tax expense (benefit)	(13,150)	(77,569)	122,796	8,209
Net earnings (loss)	(13,916)	(208,566)	716,923	258,722
Other comprehensive earnings (loss), net of tax	703,220	213,059	3,423,233	(2,389,414)
Comprehensive earnings (loss)	$ 689,304	$ 4,493	$ 4,140,156	$ (2,130,692)
Basic:
Basic net earnings (loss) per share	$ 0	$ (0.07)	$ 0.24	$ 0.08
Diluted:
Diluted net earnings (loss) per share	$ 0	$ (0.07)	$ 0.24	$ 0.08
Weighted average number of common shares outstanding:
Basic	3,011,034	3,135,277	3,004,887	3,165,239
Diluted	3,015,038	3,136,764	3,008,891	3,166,726

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders’ Equity - USD ($)		Common Stock [Member]	Treasury Stock [Member]	Unearned ESOP [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings (Loss) [Member]	Total
Balance at Dec. 31, 2017		$ 35,000		$ (3,281,220)	$ 32,333,290	$ 32,787,406	$ 2,227,069	$ 64,101,545
Purchase of common stock			$ (2,999,995)					(2,999,995)
Net earnings						258,722		258,722
Other comprehensive earnings (loss), net of tax							(2,389,414)	(2,389,414)
Restricted stock unit expense					35,818			35,818
ESOP shares released				175,778	95,970			271,748
Balance at Sep. 30, 2018		35,000	(2,999,995)	(3,105,442)	32,465,078	33,046,128	(162,345)	59,278,424
Cumulative-effect adjustment from ASU 2016-01								1,400,000
Balance at Dec. 31, 2018		35,000	(2,999,995)	(3,046,855)	32,505,423	33,680,702	(1,580,976)	58,593,299
Purchase of common stock			(102,855)					(102,855)
Net earnings						716,923		716,923
Other comprehensive earnings (loss), net of tax							3,423,233	3,423,233
Restricted stock unit expense					78,226			78,226
ESOP shares released				175,296	57,839			233,135
Balance at Sep. 30, 2019		$ 35,000	$ (3,102,850)	$ (2,871,559)	$ 32,641,488	33,031,328	3,208,554	$ 62,941,961
Cumulative-effect adjustment from ASU 2016-01	[1]					$ (1,366,297)	$ 1,366,297
[1]	See discussion of Accounting Standards Update 2016-01 adoption in Note 1 - Summary of Significant Accounting Policies

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net earnings	$ 716,923	$ 258,722
Adjustments to reconcile net earnings to net cash provided by operating activities
Net realized investment gains	(741,123)	(1,087,229)
Net unrealized gains on equity securities	(1,716,124)
Depreciation	613,916	519,471
Deferred income tax	360,009	4,101
Amortization of bond premium and discount	172,691	239,029
Stock-based compensation expense	311,361	307,566
Change in:
Accrued investment income	(2,371)	27,598
Premiums and reinsurance balances receivable	(1,847,981)	(2,883,819)
Ceded unearned premiums	(65,406)	(430,781)
Reinsurance balances payable	(897,013)	908,323
Reinsurance balances recoverable	(5,530,517)	550,567
Deferred policy acquisition costs	(278,207)	(911,348)
Unpaid losses and settlement expenses	6,875,171	3,139,319
Unearned premiums	1,642,978	3,822,745
Accrued expenses	(1,376,476)	(548,197)
Current federal income tax	(18,097)	(9,086)
Other	(570,277)	(598,682)
Net cash (used in) provided by operating activities	(2,350,543)	3,308,299
Purchases of:
Fixed maturity securities, available-for-sale	(19,060,848)	(12,181,365)
Other invested assets	(738,300)	(39,200)
Property held for investment	(332,393)	(374,409)
Property and equipment	(321,704)	(444,603)
Proceeds from sales, maturities and calls of:
Fixed maturity securities, available-for-sale	19,522,461	10,181,569
Property and equipment	31,137	5,854
Net cash used in investing activities	(153,466)	(3,629,926)
Cash flows from financing activities:
Repayments of borrowed funds	(7,020)	(852,191)
Purchase of common stock	(102,855)	(2,999,995)
Net cash used in financing activities	(109,875)	(3,852,186)
Net decrease in cash and cash equivalents	(2,613,884)	(4,173,813)
Cash and cash equivalents at beginning of year	4,644,784	6,876,519
Cash and cash equivalents at end of period	2,030,900	2,702,706
Supplemental information:
Federal income tax paid	164,543
Interest paid	96,700	140,881
Common Stocks [Member]
Purchases of:
Equity securities	(5,252,095)	(13,932,332)
Proceeds from sales, maturities and calls of:
Equity securities	$ 5,998,276	9,367,763
Preferred Stocks [Member]
Purchases of:
Equity securities		(140,925)
Proceeds from sales, maturities and calls of:
Equity securities		$ 3,927,722

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  A. DESCRIPTION OF BUSINESS  ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-Q, references to the “ Company,” “we,” “us,” and “our” refer to the consolidated group. On a stand-alone basis ICC Holdings, Inc. is referred to as the “Parent Company.” The consolidated group consists of the holding company, ICC Holdings, Inc.; ICC Realty, LLC, a real estate services and holding company; Beverage Insurance Agency, Inc., an inactive insurance agency; Estrella Innovative Solutions, Inc., an outsourcing company; and Illinois Casualty Company (ICC), an operating insurance company. ICC is an Illinois domiciled company.  We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. ICC writes business in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, and Wisconsin and markets through independent agents. Approximately 22.3% and 28.0% of the premium is written in Illinois for the three months ended September 30, 2019 and 2018, respectively. For the nine months ended September 30, 2019 and 2018 , approximately 25.8% and 29.7% of the premium is written in Illinois, respectively. The Company operates as a single segment.  B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION  The unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial reporting and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by GAAP for complete financial statements. As such, these unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, for the year ended December 31, 2018 (the “2018 10-K”). Management believes that the disclosures are adequate to make the information presented not misleading, and all normal and recurring adjustments necessary to present fairly the financial position at September 30, 2019 , and the results of operations of the Company and its subsidiaries for all periods presented have been made. The results of operations for any interim period are not necessarily indicative of the operating results for a full year.  The preparation of the unaudited condensed consolidated interim financial statements requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the period. These amounts are inherently subject to change and actual results could differ significantly from these estimates.  C. SIGNIFICANT ACCOUNTING POLICIES  The Company reported its significant accounting policies in the 2018 10-K.  D. ADOPTED ACCOUNTING PRONOUNCEMENTS  Revenue Recognition (ASU 2017-13, ASU 2016-20, ASU 2016-12, ASU 2016-11, ASU 2016-10, ASU 2016-08, ASU 2015-14 and ASU 2014-09) – This update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted these updates effective January 1, 2019. All contracts within the scope of Topic 944, Financial Services – Insurance, investment income, investment related gains and losses and equity in earnings of unconsolidated investees are outside the scope of this ASU. As such, the adoption did not have a material effect on our consolidated financial statements.  Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15) – This guidance addresses eight specific cash flow issues with the objective of reducing existing diversity in practice. We adopted this update effective January 1, 2019, and the adoption did not have a material effect on our consolidated financial statements.  Financial Instruments – Recognition and Measurement (ASU 2016-01) – This guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. This update requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. Prior to the effective date of this update, changes in fair value related to available-for-sale (AFS) equity securities were recognized in OCI. We adopted this update effective January 1, 2019. Upon adoption, we recognized a cumulative-effect decrease to beginning retained earnings of $1.4 million and a corresponding increase to accumulated other comprehensive income (AOCI).  E. PROSPECTIVE ACCOUNTING STANDARDS  For information regarding accounting standards that the Company has not yet adopted, see the “Prospective Accounting Standards” in Note 1 – Summary of Significant Accounting Policies in the 2018 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies later in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.  F. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended September 30, 2019 and 2018 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2019 2018  Automobiles $ 600,117 $ 603,046  Furniture and fixtures 450,834 436,568  Computer equipment and software 3,735,883 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,653,466 8,431,900  Accumulated depreciation (5,564,730) (5,099,090)  Net property and equipment $ 3,088,736 $ 3,332,810  G. COMPREHENSIVE EARNINGS  Comprehensive earnings (loss) include net earnings (loss) plus the change in unrealized gains and losses on available-for-sale investment securities, net of tax. In reporting the components of comprehensive earnings on a net basis in the statement of earnings, the Company used a 21% tax rate .  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 890,152 $ (116,415) $ 773,737 $ 284,725 $ (59,794) $ 224,931  Reclassification adjustment for (gains) losses included in net earnings (89,262) 18,745 (70,517) (15,029) 3,157 (11,872)  Total other comprehensive (loss) earnings $ 800,890 $ (97,670) $ 703,220 $ 269,696 $ (56,637) $ 213,059      Nine-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on AFS investments:  Unrealized holding gains (losses) arising during the period $ 4,333,205 $ (721,632) $ 3,611,573 $ (1,937,344) $ 406,840 $ (1,530,504)  Reclassification adjustment for (gains) losses included in net earnings (238,405) 50,065 (188,340) (1,087,229) 228,319 (858,910)  Total other comprehensive earnings (loss) $ 4,094,800 $ (671,567) $ 3,423,233 $ (3,024,573) $ 635,159 $ (2,389,414)  The following table provides the reclassifications from accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Three-Month Periods Ended Nine-Month Period Ended  Details about Accumulated Other September 30, September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 2019 2018 where Net Earnings is Presented  Unrealized (gains) losses on AFS investments:  $ (89,262) $ (15,029) $ (238,405) $ (1,087,229) Net realized investment (gains) losses  18,745 3,157 50,065 228,319 Income tax expense  Total reclassification adjustment, net of tax $ (70,517) $ (11,872) $ (188,340) $ (858,910) 

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments [Abstract]
Investments	2. INVESTMENTS  The Company’s investments are primarily composed of fixed income debt securities and common and preferred stock equity securities. We carry our equity securities at fair value and categorize all our fixed maturity debt securities as available-for-sale (AFS), which are carried at fair value. When available, quoted market prices are obtained to determine fair value for the Company’s investments. If a quoted market price is not available, fair value is estimated using a secondary pricing source or using quoted market prices of similar securities. The Company has no investment securities for which fair value is determined using Level 3 inputs as defined in Note 3 – Fair Value Disclosures . Realized gains and losses on disposition of investments are based on specific identification of the investments sold on the settlement date, which does not differ significantly from trade date accounting.  Available-for-Sale Fixed Maturity and Equity Securities  The following tables are a summary of the proceeds from sales, maturities, and calls of available-for-sale fixed maturity and equity securities and the related gross realized gains and losses.      For the Three-Months Ended September 30,  Net Realized  Proceeds Gains Losses Gains (Losses)  2019  Fixed maturity securities $ 5,771,988 $ 99,445 $ (10,183) $ 89,262  Common stocks 1,320,803 185,319 (133,100) 52,219  2018  Fixed maturity securities $ 3,512,293 $ 45,130 $ (30,165) $ 14,965  Common stocks 533,388 61,330 (60,591) 739  Preferred stocks 66,000 — (675) (675)         For the Nine-Months Ended September 30,  Net Realized  Proceeds Gains Losses Gains  2019  Fixed maturity securities $ 19,522,461 $ 264,737 $ (26,332) $ 238,405  Common stocks 5,998,276 960,420 (457,702) 502,718  2018  Fixed maturity securities $ 10,181,569 $ 97,917 $ (56,280) $ 41,637  Common stocks 9,367,763 1,164,192 (122,833) 1,041,359  Preferred stocks 3,927,722 86,862 (82,629) 4,233  The amortized cost and estimated fair value of fixed income securities at September 30, 2019 , by contractual maturity, are shown as follows:      Amortized Cost Fair Value  Due in one year or less $ 3,706,721 $ 3,724,171  Due after one year through five years 20,527,932 21,357,177  Due after five years through 10 years 14,516,310 15,749,391  Due after 10 years 13,833,858 15,217,981  Asset and mortgage backed securities without a specific due date 36,272,187 36,869,747  Total fixed maturity securities $ 88,857,008 $ 92,918,467  Expected maturities may differ from contractual maturities due to call provisions on some existing securities. The following table is a schedule of cost or amortized cost and estimated fair values of investments in securities classified as available for sale at September 30, 2019 and December 31, 2018 :       Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2019  Fixed maturity securities:  U.S. Treasury $ 1,349,993 $ 1,347,742 $ 761 $ (3,012)  MBS/ABS/CMBS 36,272,188 36,869,747 655,901 (58,342)  Corporate 40,936,728 43,509,784 2,576,595 (3,539)  Municipal 10,298,099 11,191,194 893,095 —  Total AFS securities $ 88,857,008 $ 92,918,467 $ 4,126,352 $ (64,893)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. Treasury $ 1,348,575 $ 1,328,925 $ — $ (19,650)  MBS/ABS/CMBS 34,372,133 33,799,024 33,955 (607,064)  Corporate 37,383,903 37,366,690 376,029 (393,242)  Municipal 16,148,295 16,486,520 398,569 (60,344)  Total fixed maturity securities 89,252,906 88,981,159 808,553 (1,080,300)  Equity securities:  Common stocks 13,572,713 11,843,223 406,812 (2,136,302)  Total equity securities 1 13,572,713 11,843,223 406,812 (2,136,302)  Total AFS securities $ 102,825,619 $ 100,824,382 $ 1,215,365 $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.  All the Company’s collateralized securities carry an average credit rating of AA+ by one or more major rating agencies and continue to pay according to contractual terms. Included within MBS/ABS/CMBS, as defined in Note 3 – Fair Value Disclosures, are residential mortgage backed securities with fair values of $13,386,554 and $13,696,585 and commercial mortgage backed securities of $12,545,859 and $10,126,352 at September 30, 2019 and December 31, 2018 , respectively. ANALYSIS  The following tables are also used as part of the impairment analysis and displays the total value of securities that were in an unrealized loss position as of September 30, 2019 , and December 31, 2018 . The tables segregate the securities based on type, noting the fair value, cost (or amortized cost), and unrealized loss on each category of investment as well as in total. The table further classifies the securities based on the length of time they have been in an unrealized loss position.      September 30, 2019  12 Months  < 12 Months & Greater Total  Fixed Maturity Securities:  U.S. Treasury  Fair value $ — $ 1,246,820 $ 1,246,820  Cost or amortized cost — 1,249,832 1,249,832  Unrealized loss — (3,012) (3,012)  MBS/ABS/CMBS  Fair value 4,940,313 4,706,813 9,647,126  Cost or amortized cost 4,947,399 4,758,069 9,705,468  Unrealized loss (7,086) (51,256) (58,342)  Corporate  Fair value 1,005,982 — 1,005,982  Cost or amortized cost 1,009,521 — 1,009,521  Unrealized loss (3,539) — (3,539)  Total debt securities available for sale  Fair value 5,946,295 5,953,633 11,899,928  Cost or amortized cost 5,956,920 6,007,901 11,964,821  Unrealized loss (10,625) (54,268) (64,893)     December 31, 2018  12 Months  < 12 Months & Greater Total  U.S. Treasury  Fair value $ — $ 1,328,925 $ 1,328,925  Cost or amortized cost — 1,348,575 1,348,575  Unrealized loss — (19,650) (19,650)  MBS/ABS/CMBS  Fair value 16,890,857 11,956,493 28,847,350  Cost or amortized cost 17,039,357 12,415,057 29,454,414  Unrealized loss (148,500) (458,564) (607,064)  Corporate  Fair value 14,304,322 5,745,289 20,049,611  Cost or amortized cost 14,550,153 5,892,700 20,442,853  Unrealized loss (245,831) (147,411) (393,242)  Municipal  Fair value 3,069,720 838,980 3,908,700  Cost or amortized cost 3,100,036 869,008 3,969,044  Unrealized loss (30,316) (30,028) (60,344)  Subtotal, fixed income  Fair value 34,264,899 19,869,687 54,134,586  Cost or amortized cost 34,689,546 20,525,340 55,214,886  Unrealized loss (424,647) (655,653) (1,080,300)  Common stock 1  Fair value 8,187,764 8,187,764  Cost or amortized cost 10,324,066 — 10,324,066  Unrealized loss (2,136,302) — (2,136,302)  Total  Fair value 42,452,663 19,869,687 62,322,350  Cost or amortized cost 45,013,612 20,525,340 65,538,952  Unrealized loss $ (2,560,949) $ (655,653) $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation. As of December 31, 2018 , the Company held 200 equity securities that were in unrealized loss positions. Of these 200 securities, none were in an unrealized loss position for 12 consecutive months or longer prior to December 31, 2018 .  The fixed income portfolio contained 31 securities in an unrealized loss position as of September 30, 2019 . Of these 31 securities, 19 have been in an unrealized loss position for 12 consecutive months or longer and represent $54,268 in unrealized losses. All fixed income securities in the investment portfolio continue to pay the expected coupon payments under the contractual terms of the securities. Credit-related impairments on fixed income securities that we do not plan to sell, and for which we are not more likely than not to be required to sell, are recognized in net earnings. Any non-credit related impairment is recognized in comprehensive earnings. Based on management’s analysis, the fixed income portfolio is of a high credit quality and it is believed it will recover the amortized cost basis of the fixed income securities. Management monitors the credit quality of the fixed income investments to assess if it is probable that the Company will receive its contractual or estimated cash flows in the form of principal and interest. There were no other-than-temporary impairment losses recognized in net earnings during the first nine months ended September 30, 201 9 and no other-than-temporary impairment losses recognized in net earnings for the same period of 2018. For all fixed income securities at a loss at September 30, 2019 , management believes it is probable that the Company will receive all contractual payments in the form of principal and interest. In addition, the Company is not required to, nor does it intend to sell these investments prior to recovering the entire amortized cost basis for each security, which may be maturity. The fixed income securities in an unrealized loss position were not other-than-temporarily impaired at September 30, 2019 and December 31, 2018.  UNREALIZED GAINS AND LOSSES ON EQUITY SECURITIES  The portion of net unrealized losses for the three months ended September 30, 2019 for equity securities held as of September 30, 2019 was $7,603 . The portion of net unrealized gains for the nine months ended September 30, 2019 for equity securities held as of September 30, 2019 was $1,716,124 .  Other Invested Assets  Other invested assets include privately held investments, including membership in the Federal Home Loan Bank of Chicago (FHLBC), which occurred in February 2018, and a promissory note with the option to borrow up to $1,275,000 . The Company funded $625,000 on July 30, 2019. The note bears interest at 6.5% , and is amortized over 20 years with a balloon payment due July 30, 20 29 . Our investment in FHLBC stock is carried at cost. Due to the nature of our membership in the FHLBC, the carrying amount approximates fair value. As of September 30, 2019 , there were no investments pledged as collateral with the FHLBC. There may be investments pledged as collateral with the FHLBC to ensure timely access to the secured lending facility that ownership of FHLBC stock provides. As of and during the nine month periods ending September 30, 2019 , there were no outstanding borrowings with the FHLBC.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	3. FAIR VALUE DISCLOSURES  Fair value is defined as the price in the principal market that would be received for an asset to facilitate an orderly transaction between market participants on the measurement date. The fair value of certain financial instruments is determined based on their underlying characteristics and relevant transactions in the marketplace. GAAP guidance requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance also describes three levels of inputs that may be used to measure fair value.  The following are the levels of the fair value hierarchy and a brief description of the type of valuation inputs that are used to establish each level:  · Level 1 is applied to valuations based on readily available, unadjusted quoted prices in active markets for identical assets.  · Level 2 is applied to valuations based upon quoted prices for similar assets in active markets, quoted prices for identical or similar assets in inactive markets; or valuations based on models where the significant inputs are observable (e.g. interest rates, yield curves, prepayment speeds, default rates, loss severities) or can be corroborated by observable market data.  · Level 3 is applied to valuations that are derived from techniques in which one or more of the significant inputs are unobservable. Financial assets are classified based upon the lowest level of significant input that is used to determine fair value.  As a part of the process to determine fair value, management utilizes widely recognized, third-party pricing sources to determine fair values. Management has obtained an understanding of the third-party pricing sources’ valuation methodologies and inputs. The following is a description of the valuation techniques used for financial assets that are measured at fair value, including the general classification of such assets pursuant to the fair value hierarchy.  Corporate, Agencies, and Municipal Bonds— The pricing vendor employs a multi-dimensional model which uses standard inputs including (listed in order of priority for use) benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, market bids/offers and other reference data. The pricing vendor also monitors market indicators, as well as industry and economic events. All bonds valued using these techniques are classified as Level 2. All Corporate, Agencies, and Municipal securities are deemed Level 2.  Mortgage-backed Securities (MBS) , Collateralized Mortgage Obligations (CMO) , Commercial Mortgage-backed Securities (CMBS) and Asset-backed Securities (ABS)— The pricing vendor evaluation methodology includes principally interest rate movements and new issue data. Evaluation of the tranches (non-volatile, volatile, or credit sensitivity) is based on the pricing vendors’ interpretation of accepted modeling and pricing conventions. This information is then used to determine the cash flows for each tranche, benchmark yields, pre-payment assumptions and to incorporate collateral performance. To evaluate CMO volatility, an option adjusted spread model is used in combination with models that simulate interest rate paths to determine market price information. This process allows the pricing vendor to obtain evaluations of a broad universe of securities in a way that reflects changes in yield curve, index rates, implied volatility, mortgage rates, and recent trade activity. MBS , CMBS, CMO and ABS with corroborated and observable inputs are classified as Level 2. All MBS , CMBS, CMO and ABS holdings are deemed Level 2.  U.S. Treasury Bonds, Common Stocks and Exchange Traded Funds— U.S. treasury bonds and exchange traded equities have readily observable price levels and are classified as Level 1 (fair value based on quoted market prices). All common stock holdings are deemed Level 1.  Preferred Stock— Preferred stocks do not have readily observable prices, but do have quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets in markets that are not active; and inputs other than quoted prices and are classified as Level 2. All preferred stock holdings are deemed Level 2.  Due to the relatively short-term nature of cash and cash equivalents, their carrying amounts are reasonable estimates of fair value. Other invested assets as well as debt obligations are carried at face value and given that there is no readily available market for these to trade in, management believes that face value accurately reflects fair value.  Assets measured at fair value on a recurring basis as of September 30, 2019 , are summarized below:      Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,347,742 $ — $ — $ 1,347,742  MBS/ABS/CMBS — 36,869,747 — 36,869,747  Corporate — 43,509,784 — 43,509,784  Municipal — 11,191,194 — 11,191,194  Total fixed maturity securities 1,347,742 91,570,725 — 92,918,467  Equity securities  Common stocks 13,330,075 — — 13,330,075  Total marketable investments measured at fair value $ 14,677,817 $ 91,570,725 $ — $ 106,248,542  Assets measured at fair value on a recurring basis as of December 31, 2018 , are summarized below:     Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,328,925 $ — $ — $ 1,328,925  MBS/ABS/CMBS — 33,799,024 — 33,799,024  Corporate — 37,366,690 — 37,366,690  Municipal — 16,486,520 — 16,486,520  Total fixed maturity securities 1,328,925 87,652,234 — 88,981,159  Equity securities  Common stocks 11,843,223 — — 11,843,223  Total marketable investments measured at fair value $ 13,172,148 $ 87,652,234 $ — $ 100,824,382  As noted in the previous tables, the Company did not have any assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2019 and December 31, 2018 . Additionally, there were no securities transferred in or out of Levels 1 or 2 during the nine -month periods ended September 30, 2019 and 2018 .

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt [Abstract]
Debt	4. DEBT  As of September 30, 2019 and December 31, 2018 , outstanding debt balances totaled $3,477,586 and $3,484,606 , respectively. The average interest rate on remaining debt was 3.7 % as of September 30, 2019 and as of December 31, 2018 .  Debt Obligation  ICC Holdings, Inc. secured a loan with American Bank & Trust in March 2017 in the amount of $3,500,000 and used the proceeds to repay ICC for the money borrowed by the ESOP. The term of the loan is five years bearing interest at 3.65% . The Company pledged stock and $1.0 million of marketable assets as collateral for the loan The total balance of the debt agreements at September 30, 2019 and December 31, 2018 was $3,477,586 and $3,484,606 , respectively.  Revolving Line of Credit  We maintain a revolving line of credit with American Bank & Trust, which permits borrowing up to an aggregate principal amount of $1.75 million. This facility was initially entered into during 2013 and is renewed annually with a current expiration of August 5, 2020 . The line of credit is priced at 30-day LIBOR plus 2% with a floor of 3.5% . In order to secure the lowest rate possible, the Company pledged marketable securities not to exceed $5.0 million in the event the Company draws down on the line of credit. There was no interest paid on the line of credit during the nine months ended September 30, 2019 and 2018 . There are no financial covenants governing this agreement.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2019
Reinsurance [Abstract]
Reinsurance	5. REINSURANCE  In the ordinary course of business, the Company assumes and cedes premiums and selected insured risks with other insurance companies, known as reinsurance. A large portion of the reinsurance is put into effect under contracts known as treaties and, in some instances, by negotiation on each individual risk (known as facultative reinsurance). In addition, there are several types of treaties including quota share, excess of loss and catastrophe reinsurance contracts that protect against losses over stipulated amounts arising from any one occurrence or event. The arrangements allow the Company to pursue greater diversification of business and serve to limit the maximum net loss to a single event, such as a catastrophe. Through the quantification of exposed policy limits in each region and the extensive use of computer-assisted modeling techniques, management monitors the concentration of risks exposed to catastrophic events.  Through the purchase of reinsurance, the Company also generally limits its net loss on any individual risk to a maximum of $ 1,000,000 for casualty business, $500,000 for property, and $500,000 for workers ’ compensation, although certain treaties contain an annual aggregate deductible before reinsurance applies.  Premiums, written and earned, along with losses and settlement expenses incurred for the periods presented is summarized as follows:        Three-Month Periods Ended September 30,  2019 2018  WRITTEN  Direct $ 16,305,222 $ 16,170,176  Reinsurance assumed 70,200 16,199  Reinsurance ceded (2,410,170) (2,988,813)  Net $ 13,965,252 $ 13,197,562  EARNED  Direct $ 16,007,232 $ 15,088,986  Reinsurance assumed 64,863 17,500  Reinsurance ceded (2,392,349) (2,968,796)  Net $ 13,679,746 $ 12,137,690  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 13,034,216 $ 10,513,847  Reinsurance assumed 36,297 36,653  Reinsurance ceded (3,461,166) (1,938,927)  Net $ 9,609,347 $ 8,611,573      Nine-Month Periods Ended September 30,  2019 2018  WRITTEN  Direct $ 48,349,466 $ 46,582,507  Reinsurance assumed 178,446 108,686  Reinsurance ceded (7,730,458) (8,379,524)  Net $ 40,797,454 $ 38,311,669  EARNED  Direct $ 46,710,351 $ 42,751,784  Reinsurance assumed 174,583 116,663  Reinsurance ceded (7,665,052) (7,948,742)  Net $ 39,219,882 $ 34,919,705  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 37,778,378 $ 29,111,003  Reinsurance assumed 119,498 71,410  Reinsurance ceded (9,780,507) (4,784,404)  Net $ 28,117,369 $ 24,398,009  

Unpaid Losses and Settlement Ex

Unpaid Losses and Settlement Expenses	9 Months Ended
	Sep. 30, 2019
Unpaid Losses and Settlement Expenses [Abstract]
Unpaid Losses and Settlement Expenses	6. UNPAID LOSSES AND SETTLEMENT EXPENSES  The following table is a reconciliation of the Company’s unpaid losses and settlement expenses:     For the Three-Months Ended  September 30,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 61,264 $ 51,388  Less: Ceded 13,974 8,288  Net 47,290 43,100  Increase in incurred losses and settlement expense:  Current year 9,092 8,324  Prior years 517 288  Total incurred 9,609 8,612  Deduct: Loss and settlement expense payments for claims incurred:  Current year 6,064 3,613  Prior years 4,778 3,365  Total paid 10,842 6,978  Net unpaid losses and settlement expense - end of the period 46,057 44,734  Plus: Reinsurance recoverable on unpaid losses 12,266 9,479  Gross unpaid losses and settlement expense - end of the period $ 58,323 $ 54,213      For the Nine-Months Ended  September 30,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,447 $ 51,074  Less: Ceded 6,736 10,030  Net 44,711 41,044  Increase in incurred losses and settlement expense:  Current year 25,779 22,587  Prior years 2,338 1,811  Total incurred 28,117 24,398  Deduct: Loss and settlement expense payments for claims incurred:  Current year 10,455 7,511  Prior years 16,316 13,197  Total paid 26,771 20,708  Net unpaid losses and settlement expense - end of the period 46,057 44,734  Plus: Reinsurance recoverable on unpaid losses 12,266 9,479  Gross unpaid losses and settlement expense - end of the period $ 58,323 $ 54,213  Net unpaid losses and settlement expense increased $1,323,000 , or 3.0% , in the nine months ended September 30, 2019 as compared to the same period in 2018 . For the nine months ended September 30, 2019 and 2018 , we experienced unfavorable development of $2,338,000 and $1,811,000 , respectively. The 2019 increase in unfavorable development was primarily driven by the Liquor Liability and Business Owners Liability lines of business. We experienced favorable development on Workers’ Compensation, Umbrella Liability, and Busines Owners Property lines of business for the nine months ended September 30, 2019 . Business Owners and Wokers’ Compensation Liability lines of business were the drivers of adverse development while we experienced favorable development on the Liquor Liability and the Umbrella Liability lines of business for the nine months ended September 30, 2018 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Taxes [Abstract]
Income Taxes	7. INCOME TAXES  The Company’s effective tax rate for the nine - month period ended September 30, 2019 , was 14.6% , compared to 3.1% for the same period in 2018. Effective rates are dependent upon components of pretax earnings and the related tax effects.  Income tax expense for the three and nine-month periods ended September 30, 2019 and 2018 , differed from the amounts computed by applying the U.S. federal tax rate of 21% to pretax income from continuing operations as demonstrated in the following tables:      For the Three-Months Ended  September 30,  2019 2018  Provision for income taxes at the statutory federal tax rates $ (5,684) $ (60,088)  Increase (reduction) in taxes resulting from:  Dividends received deduction (8,955) (8,951)  Tax-exempt interest income (16,433) (32,002)  Proration of tax-exempt interest and dividends received deduction 5,939 10,192  Officer life insurance, net 3,579 3,579  Nondeductible expenses 8,404 12,439  Prior year true-ups and other — (2,738)  Total $ (13,150) $ (77,569)      For the Nine-Months Ended  September 30,  2019 2018  Provision for income taxes at the statutory federal tax rates $ 176,341 $ 56,056  Increase (reduction) in taxes resulting from:  Dividends received deduction (28,482) (26,852)  Tax-exempt interest income (60,249) (101,894)  Proration of tax-exempt interest and dividends received deduction 21,775 31,684  Officer life insurance, net (11,039) 10,386  Nondeductible expenses 24,450 36,608  Prior year true-up and other — 2,221  Total $ 122,796 $ 8,209  Management believes it is more likely than not that all deferred tax assets will be recovered as the result of future operations, which will generate sufficient taxable income to realize the deferred tax asset.  As of September 30, 2019 and December 31, 2018, the Company does no t have any capital or operating loss carryforwards. Periods still subject to IRS audit include 2015 through current year. There are currently no open tax exams.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2019
Employee Benefits [Abstract]
Employee Benefits	8. EMPLOYEE BENEFITS  ESOP  In connection with our conversion and public offering, we established an ESOP. The ESOP borrowed from the Company to purchase 350,000 shares in the offering. The issuance of the shares to the ESOP resulted in a contra account established in the equity section of the balance sheet for the unallocated shares at an amount equal to their $10.00 per share purchase price.  The Company may make discretionary contributions to the ESOP and pay dividends on unallocated shares to the ESOP . ICC make s annual contributions to the ESOP sufficient to repay the loan. When loan payments are made, ESOP shares are allocated to participants based on relative compensation and expense is recorded. No contributions to the ESOP were made during the nine months ended September 30, 2019 and 2018 , respectively.  A compensation expense charge is booked monthly during each year for the shares committed to be allocated to participants that year, determined with reference to the fair market value of our stock at the time the commitment to allocate the shares is accrued and recognized. For the nine months ended September 30, 2019 , we recognized compensation expense of $242,788 related to 17,530 shares of our common stock that are committed to be released to participants’ accounts at December 31, 2019. Of the 17,530 shares committed to be released, 1,926 shares were committed on September 30, 2019 and had no impact on the weighted average common shares outstanding for the nine months ended September 30, 2019 . For the nine months ended September 30, 2018 , we recognized compensation expense of $271,747 related to 17,577 shares of our common stock that were committed to be released to participants’ accounts at December 31, 2018 . Of the 17,577 shares committed to be released at December 31, 2018 , 1,932 shares were committed on September 30, 2018 and had no impact on the weighted average common shares outstanding for the three and nine months ended September 30, 2018 .  RESTRICTED STOCK UNITS  RSUs were granted for the first time in February 2018 with additional RSUs being granted in March 2019. RSUs have a grant date value equal to the closing price of the Company’s stock on the dates the shares are granted. The RSUs vest 1/3 over three years from the date of grant.  As of September 30, 2019 , 13,071 and 11,700 RSUs have been granted at a fair market value of $13.70 and $15.10 , respectively. We recognized $78,226 and $35,818 of expense on these units in the nine months ended September 30, 2019 and 2018 , respectively. Total unrecognized compensation expense relating to outstanding and unvested RSUs was $226,856 as of September 30, 2019 , which will be recognized over the remainder of the three -year vesting periods.

Related Party

Related Party	9 Months Ended
	Sep. 30, 2019
Related Party [Abstract]
Related Party	9. RELATED PARTY  Mr. John R. Klockau, a director of the Company, is a claims consultant and was paid $6,455 and $10,560 as of September 30, 2019 and 2018 , respectively, related to his services to the Company.  Mr. Scott T. Burgess is a director of the Company and a Senior Managing Director of Griffin Financial Group (Griffin). Mr. Burgess was paid $2,941 , and $3,355 during the nine months ended September 30, 2019 and 2018 , respectively for travel reimbursement costs. Griffin and Stevens & Lee are affiliated. Stevens & Lee is a full-service law firm that was paid $27,500 and $85,841 during the nine months ended September 30, 2019 and 2018 , respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	10. SUBSEQUENT EVENTS  Subsequent events have been evaluated through the date the financial statements were issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies [Abstract]
Description of Business	A. DESCRIPTION OF BUSINESS  ICC Holdings, Inc. is a Pennsylvania corporation that was organized in 2016. As used in this Form 10-Q, references to the “ Company,” “we,” “us,” and “our” refer to the consolidated group. On a stand-alone basis ICC Holdings, Inc. is referred to as the “Parent Company.” The consolidated group consists of the holding company, ICC Holdings, Inc.; ICC Realty, LLC, a real estate services and holding company; Beverage Insurance Agency, Inc., an inactive insurance agency; Estrella Innovative Solutions, Inc., an outsourcing company; and Illinois Casualty Company (ICC), an operating insurance company. ICC is an Illinois domiciled company.  We are a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, workers’ compensation, and umbrella liability coverages for the food and beverage industry through our subsidiary insurance company, ICC. ICC writes business in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, and Wisconsin and markets through independent agents. Approximately 22.3% and 28.0% of the premium is written in Illinois for the three months ended September 30, 2019 and 2018, respectively. For the nine months ended September 30, 2019 and 2018 , approximately 25.8% and 29.7% of the premium is written in Illinois, respectively. The Company operates as a single segment.
Principles of Consolidation and Basis of Presentation	B. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION  The unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial reporting and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by GAAP for complete financial statements. As such, these unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, for the year ended December 31, 2018 (the “2018 10-K”). Management believes that the disclosures are adequate to make the information presented not misleading, and all normal and recurring adjustments necessary to present fairly the financial position at September 30, 2019 , and the results of operations of the Company and its subsidiaries for all periods presented have been made. The results of operations for any interim period are not necessarily indicative of the operating results for a full year.  The preparation of the unaudited condensed consolidated interim financial statements requires management to make estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated interim financial statements, and the reported amounts of revenue and expenses during the period. These amounts are inherently subject to change and actual results could differ significantly from these estimates.
Significant Accounting Policies	C. SIGNIFICANT ACCOUNTING POLICIES  The Company reported its significant accounting policies in the 2018 10-K.
Adopted and Prospective Accounting Standards	D. ADOPTED ACCOUNTING PRONOUNCEMENTS  Revenue Recognition (ASU 2017-13, ASU 2016-20, ASU 2016-12, ASU 2016-11, ASU 2016-10, ASU 2016-08, ASU 2015-14 and ASU 2014-09) – This update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. We adopted these updates effective January 1, 2019. All contracts within the scope of Topic 944, Financial Services – Insurance, investment income, investment related gains and losses and equity in earnings of unconsolidated investees are outside the scope of this ASU. As such, the adoption did not have a material effect on our consolidated financial statements.  Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15) – This guidance addresses eight specific cash flow issues with the objective of reducing existing diversity in practice. We adopted this update effective January 1, 2019, and the adoption did not have a material effect on our consolidated financial statements.  Financial Instruments – Recognition and Measurement (ASU 2016-01) – This guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements of financial instruments. This update requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. Prior to the effective date of this update, changes in fair value related to available-for-sale (AFS) equity securities were recognized in OCI. We adopted this update effective January 1, 2019. Upon adoption, we recognized a cumulative-effect decrease to beginning retained earnings of $1.4 million and a corresponding increase to accumulated other comprehensive income (AOCI).  E. PROSPECTIVE ACCOUNTING STANDARDS  For information regarding accounting standards that the Company has not yet adopted, see the “Prospective Accounting Standards” in Note 1 – Summary of Significant Accounting Policies in the 2018 10-K. The Company maintains its status as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We have taken advantage of the extended transition period provided by Section 107 of the JOBS Act. We decided to comply with the effective dates for financial accounting standards applicable to emerging growth companies later in compliance with the requirements in Sections 107(b)(2) and (3) of the JOBS Act. Such decision is irrevocable.
Property and Equipment	F. PROPERTY AND EQUIPMENT  Annually, the Company reviews the major asset classes of property and equipment held for impairment. For the periods ended September 30, 2019 and 2018 , the Company recognized no impairments. Property and equipment are summarized as follows:      As of  September 30, December 31,  2019 2018  Automobiles $ 600,117 $ 603,046  Furniture and fixtures 450,834 436,568  Computer equipment and software 3,735,883 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,653,466 8,431,900  Accumulated depreciation (5,564,730) (5,099,090)  Net property and equipment $ 3,088,736 $ 3,332,810 
Comprehensive Earnings	G. COMPREHENSIVE EARNINGS  Comprehensive earnings (loss) include net earnings (loss) plus the change in unrealized gains and losses on available-for-sale investment securities, net of tax. In reporting the components of comprehensive earnings on a net basis in the statement of earnings, the Company used a 21% tax rate .  The following table illustrates the components of other comprehensive earnings for each period presented in the condensed consolidated interim financial statements.      Three-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 890,152 $ (116,415) $ 773,737 $ 284,725 $ (59,794) $ 224,931  Reclassification adjustment for (gains) losses included in net earnings (89,262) 18,745 (70,517) (15,029) 3,157 (11,872)  Total other comprehensive (loss) earnings $ 800,890 $ (97,670) $ 703,220 $ 269,696 $ (56,637) $ 213,059      Nine-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on AFS investments:  Unrealized holding gains (losses) arising during the period $ 4,333,205 $ (721,632) $ 3,611,573 $ (1,937,344) $ 406,840 $ (1,530,504)  Reclassification adjustment for (gains) losses included in net earnings (238,405) 50,065 (188,340) (1,087,229) 228,319 (858,910)  Total other comprehensive earnings (loss) $ 4,094,800 $ (671,567) $ 3,423,233 $ (3,024,573) $ 635,159 $ (2,389,414)  The following table provides the reclassifications from accumulated other comprehensive earnings for the periods presented:      Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Three-Month Periods Ended Nine-Month Period Ended  Details about Accumulated Other September 30, September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 2019 2018 where Net Earnings is Presented  Unrealized (gains) losses on AFS investments:  $ (89,262) $ (15,029) $ (238,405) $ (1,087,229) Net realized investment (gains) losses  18,745 3,157 50,065 228,319 Income tax expense  Total reclassification adjustment, net of tax $ (70,517) $ (11,872) $ (188,340) $ (858,910) 

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Property, Plant and Equipment	   As of  September 30, December 31,  2019 2018  Automobiles $ 600,117 $ 603,046  Furniture and fixtures 450,834 436,568  Computer equipment and software 3,735,883 3,542,339  Home office 3,866,632 3,849,947  Total cost 8,653,466 8,431,900  Accumulated depreciation (5,564,730) (5,099,090)  Net property and equipment $ 3,088,736 $ 3,332,810 
Summary of Components of Other Comprehensive Earnings	     Three-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on investments:  Unrealized holding (losses) gains arising during the period $ 890,152 $ (116,415) $ 773,737 $ 284,725 $ (59,794) $ 224,931  Reclassification adjustment for (gains) losses included in net earnings (89,262) 18,745 (70,517) (15,029) 3,157 (11,872)  Total other comprehensive (loss) earnings $ 800,890 $ (97,670) $ 703,220 $ 269,696 $ (56,637) $ 213,059      Nine-Month Periods Ended September 30,  2019 2018  Pre-tax Tax After-tax Pre-tax Tax After-tax  Other comprehensive earnings (loss), net of tax  Unrealized gains and losses on AFS investments:  Unrealized holding gains (losses) arising during the period $ 4,333,205 $ (721,632) $ 3,611,573 $ (1,937,344) $ 406,840 $ (1,530,504)  Reclassification adjustment for (gains) losses included in net earnings (238,405) 50,065 (188,340) (1,087,229) 228,319 (858,910)  Total other comprehensive earnings (loss) $ 4,094,800 $ (671,567) $ 3,423,233 $ (3,024,573) $ 635,159 $ (2,389,414) 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Earnings	   Amounts Reclassified from  Accumulated Other Comprehensive Earnings  Three-Month Periods Ended Nine-Month Period Ended  Details about Accumulated Other September 30, September 30, Affected Line Item in the Statement  Comprehensive Earnings Component 2019 2018 2019 2018 where Net Earnings is Presented  Unrealized (gains) losses on AFS investments:  $ (89,262) $ (15,029) $ (238,405) $ (1,087,229) Net realized investment (gains) losses  18,745 3,157 50,065 228,319 Income tax expense  Total reclassification adjustment, net of tax $ (70,517) $ (11,872) $ (188,340) $ (858,910) 

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Investments [Abstract]
Summary of Recognized Impairments	     For the Three-Months Ended September 30,  Net Realized  Proceeds Gains Losses Gains (Losses)  2019  Fixed maturity securities $ 5,771,988 $ 99,445 $ (10,183) $ 89,262  Common stocks 1,320,803 185,319 (133,100) 52,219  2018  Fixed maturity securities $ 3,512,293 $ 45,130 $ (30,165) $ 14,965  Common stocks 533,388 61,330 (60,591) 739  Preferred stocks 66,000 — (675) (675)         For the Nine-Months Ended September 30,  Net Realized  Proceeds Gains Losses Gains  2019  Fixed maturity securities $ 19,522,461 $ 264,737 $ (26,332) $ 238,405  Common stocks 5,998,276 960,420 (457,702) 502,718  2018  Fixed maturity securities $ 10,181,569 $ 97,917 $ (56,280) $ 41,637  Common stocks 9,367,763 1,164,192 (122,833) 1,041,359  Preferred stocks 3,927,722 86,862 (82,629) 4,233 
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity	   Amortized Cost Fair Value  Due in one year or less $ 3,706,721 $ 3,724,171  Due after one year through five years 20,527,932 21,357,177  Due after five years through 10 years 14,516,310 15,749,391  Due after 10 years 13,833,858 15,217,981  Asset and mortgage backed securities without a specific due date 36,272,187 36,869,747  Total fixed maturity securities $ 88,857,008 $ 92,918,467 
Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments	      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2019  Fixed maturity securities:  U.S. Treasury $ 1,349,993 $ 1,347,742 $ 761 $ (3,012)  MBS/ABS/CMBS 36,272,188 36,869,747 655,901 (58,342)  Corporate 40,936,728 43,509,784 2,576,595 (3,539)  Municipal 10,298,099 11,191,194 893,095 —  Total AFS securities $ 88,857,008 $ 92,918,467 $ 4,126,352 $ (64,893)      Cost or Gross Unrealized  Amortized Cost Fair Value Gains Losses  2018  Fixed maturity securities:  U.S. Treasury $ 1,348,575 $ 1,328,925 $ — $ (19,650)  MBS/ABS/CMBS 34,372,133 33,799,024 33,955 (607,064)  Corporate 37,383,903 37,366,690 376,029 (393,242)  Municipal 16,148,295 16,486,520 398,569 (60,344)  Total fixed maturity securities 89,252,906 88,981,159 808,553 (1,080,300)  Equity securities:  Common stocks 13,572,713 11,843,223 406,812 (2,136,302)  Total equity securities 1 13,572,713 11,843,223 406,812 (2,136,302)  Total AFS securities $ 102,825,619 $ 100,824,382 $ 1,215,365 $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.
Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position	      September 30, 2019  12 Months  < 12 Months & Greater Total  Fixed Maturity Securities:  U.S. Treasury  Fair value $ — $ 1,246,820 $ 1,246,820  Cost or amortized cost — 1,249,832 1,249,832  Unrealized loss — (3,012) (3,012)  MBS/ABS/CMBS  Fair value 4,940,313 4,706,813 9,647,126  Cost or amortized cost 4,947,399 4,758,069 9,705,468  Unrealized loss (7,086) (51,256) (58,342)  Corporate  Fair value 1,005,982 — 1,005,982  Cost or amortized cost 1,009,521 — 1,009,521  Unrealized loss (3,539) — (3,539)  Total debt securities available for sale  Fair value 5,946,295 5,953,633 11,899,928  Cost or amortized cost 5,956,920 6,007,901 11,964,821  Unrealized loss (10,625) (54,268) (64,893)     December 31, 2018  12 Months  < 12 Months & Greater Total  U.S. Treasury  Fair value $ — $ 1,328,925 $ 1,328,925  Cost or amortized cost — 1,348,575 1,348,575  Unrealized loss — (19,650) (19,650)  MBS/ABS/CMBS  Fair value 16,890,857 11,956,493 28,847,350  Cost or amortized cost 17,039,357 12,415,057 29,454,414  Unrealized loss (148,500) (458,564) (607,064)  Corporate  Fair value 14,304,322 5,745,289 20,049,611  Cost or amortized cost 14,550,153 5,892,700 20,442,853  Unrealized loss (245,831) (147,411) (393,242)  Municipal  Fair value 3,069,720 838,980 3,908,700  Cost or amortized cost 3,100,036 869,008 3,969,044  Unrealized loss (30,316) (30,028) (60,344)  Subtotal, fixed income  Fair value 34,264,899 19,869,687 54,134,586  Cost or amortized cost 34,689,546 20,525,340 55,214,886  Unrealized loss (424,647) (655,653) (1,080,300)  Common stock 1  Fair value 8,187,764 8,187,764  Cost or amortized cost 10,324,066 — 10,324,066  Unrealized loss (2,136,302) — (2,136,302)  Total  Fair value 42,452,663 19,869,687 62,322,350  Cost or amortized cost 45,013,612 20,525,340 65,538,952  Unrealized loss $ (2,560,949) $ (655,653) $ (3,216,602)  1 Effective January 1, 2019, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value on a recurring Basis	Assets measured at fair value on a recurring basis as of September 30, 2019 , are summarized below:      Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,347,742 $ — $ — $ 1,347,742  MBS/ABS/CMBS — 36,869,747 — 36,869,747  Corporate — 43,509,784 — 43,509,784  Municipal — 11,191,194 — 11,191,194  Total fixed maturity securities 1,347,742 91,570,725 — 92,918,467  Equity securities  Common stocks 13,330,075 — — 13,330,075  Total marketable investments measured at fair value $ 14,677,817 $ 91,570,725 $ — $ 106,248,542  Assets measured at fair value on a recurring basis as of December 31, 2018 , are summarized below:     Significant  Quoted in Active Other Significant  Markets for Observable Unobservable  Identical Assets Inputs Inputs  (Level 1) (Level 2) (Level 3) Total  AFS securities  Fixed maturity securities  U.S. treasury $ 1,328,925 $ — $ — $ 1,328,925  MBS/ABS/CMBS — 33,799,024 — 33,799,024  Corporate — 37,366,690 — 37,366,690  Municipal — 16,486,520 — 16,486,520  Total fixed maturity securities 1,328,925 87,652,234 — 88,981,159  Equity securities  Common stocks 11,843,223 — — 11,843,223  Total marketable investments measured at fair value $ 13,172,148 $ 87,652,234 $ — $ 100,824,382 

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2019
Reinsurance [Abstract]
Summary of the Effects of Reinsurance	   Three-Month Periods Ended September 30,  2019 2018  WRITTEN  Direct $ 16,305,222 $ 16,170,176  Reinsurance assumed 70,200 16,199  Reinsurance ceded (2,410,170) (2,988,813)  Net $ 13,965,252 $ 13,197,562  EARNED  Direct $ 16,007,232 $ 15,088,986  Reinsurance assumed 64,863 17,500  Reinsurance ceded (2,392,349) (2,968,796)  Net $ 13,679,746 $ 12,137,690  LOSS AND SETTLEMENT EXPENSES INCURRED  Direct $ 13,034,216 $ 10,513,847  Reinsurance assumed 36,297 36,653  Reinsurance ceded (3,461,166) (1,938,927)  Net $ 9,609,347 $ 8,611,573      Nine-Month Periods Ended September 30,  2019 2018  WRITTEN  Direct $ 48,349,466 $ 46,582,507  Reinsurance assumed 178,446 108,686  Reinsurance ceded (7,730,458) (8,379,524)  Net $ 40,797,454 $ 38,311,669  EARNED  Direct $ 46,710,351 $ 42,751,784  Reinsurance assumed 174,583 116,663  Reinsurance ceded (7,665,052) (7,948,742)  Net $ 39,219,882 $ 34,919,705  LOSSES AND SETTLEMENT EXPENSES INCURRED  Direct $ 37,778,378 $ 29,111,003  Reinsurance assumed 119,498 71,410  Reinsurance ceded (9,780,507) (4,784,404)  Net $ 28,117,369 $ 24,398,009  

Unpaid Losses and Settlement _2

Unpaid Losses and Settlement Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Unpaid Losses and Settlement Expenses [Abstract]
Reconciliation of Unpaid Losses and Settlement Expenses	    For the Three-Months Ended  September 30,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 61,264 $ 51,388  Less: Ceded 13,974 8,288  Net 47,290 43,100  Increase in incurred losses and settlement expense:  Current year 9,092 8,324  Prior years 517 288  Total incurred 9,609 8,612  Deduct: Loss and settlement expense payments for claims incurred:  Current year 6,064 3,613  Prior years 4,778 3,365  Total paid 10,842 6,978  Net unpaid losses and settlement expense - end of the period 46,057 44,734  Plus: Reinsurance recoverable on unpaid losses 12,266 9,479  Gross unpaid losses and settlement expense - end of the period $ 58,323 $ 54,213      For the Nine-Months Ended  September 30,  (In thousands) 2019 2018  Unpaid losses and settlement expense - beginning of the period:  Gross $ 51,447 $ 51,074  Less: Ceded 6,736 10,030  Net 44,711 41,044  Increase in incurred losses and settlement expense:  Current year 25,779 22,587  Prior years 2,338 1,811  Total incurred 28,117 24,398  Deduct: Loss and settlement expense payments for claims incurred:  Current year 10,455 7,511  Prior years 16,316 13,197  Total paid 26,771 20,708  Net unpaid losses and settlement expense - end of the period 46,057 44,734  Plus: Reinsurance recoverable on unpaid losses 12,266 9,479  Gross unpaid losses and settlement expense - end of the period $ 58,323 $ 54,213 

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Taxes [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	     For the Three-Months Ended  September 30,  2019 2018  Provision for income taxes at the statutory federal tax rates $ (5,684) $ (60,088)  Increase (reduction) in taxes resulting from:  Dividends received deduction (8,955) (8,951)  Tax-exempt interest income (16,433) (32,002)  Proration of tax-exempt interest and dividends received deduction 5,939 10,192  Officer life insurance, net 3,579 3,579  Nondeductible expenses 8,404 12,439  Prior year true-ups and other — (2,738)  Total $ (13,150) $ (77,569)      For the Nine-Months Ended  September 30,  2019 2018  Provision for income taxes at the statutory federal tax rates $ 176,341 $ 56,056  Increase (reduction) in taxes resulting from:  Dividends received deduction (28,482) (26,852)  Tax-exempt interest income (60,249) (101,894)  Proration of tax-exempt interest and dividends received deduction 21,775 31,684  Officer life insurance, net (11,039) 10,386  Nondeductible expenses 24,450 36,608  Prior year true-up and other — 2,221  Total $ 122,796 $ 8,209 

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Summary Of Significant Accounting Policies [Line Items]
Impairment			$ 0	$ 0
Federal tax rate			21.00%
Operating segments | segment			1
Cumulative-effect					$ 1,400,000
Illinois [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk	22.30%	28.00%	25.80%	29.70%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Summary of Property, Plant and Equipment) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total cost	$ 8,653,466	$ 8,431,900
Accumulated depreciation	(5,564,730)	(5,099,090)
Net property and equipent	3,088,736	3,332,810
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Total cost	600,117	603,046
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total cost	450,834	436,568
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,735,883	3,542,339
Home Office [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,866,632	$ 3,849,947

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Summary of Components of Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Summary of Significant Accounting Policies [Abstract]
Unrealized holding (losses) gains arising during the period, Pre-tax	$ 890,152	$ 284,725	$ 4,333,205	$ (1,937,344)
Reclassification adjustment for (gains) losses included in net earnings, Pre-tax	(89,262)	(15,029)	(238,405)	(1,087,229)
Total other comprehensive (loss) earnings, Pre-tax	800,890	269,696	4,094,800	(3,024,573)
Unrealized holding (losses) gains arising during the period, Tax	(116,415)	(59,794)	(721,632)	406,840
Reclassification adjustment for (gains) losses included in net earnings, Tax	18,745	3,157	50,065	228,319
Total other comprehensive (loss) earnings, Tax	(97,670)	(56,637)	(671,567)	635,159
Unrealized holding (losses) gains arising during the period, After-tax	773,737	224,931	3,611,573	(1,530,504)
Reclassification adjustment for (gains) losses included in net earnings, After-tax	(70,517)	(11,872)	(188,340)	(858,910)
Total other comprehensive (loss) earnings	$ 703,220	$ 213,059	$ 3,423,233	$ (2,389,414)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Schedule of Reclassification Out of Accumulated Other Comprehensive Earnings) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized invesment (gains) losses	$ (141,481)	$ (15,029)	$ (741,123)	$ (1,087,229)
Income tax (benefit) expense	(13,150)	(77,569)	122,796	8,209
Net income (loss)			(716,923)	(258,722)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(70,517)	(11,872)	(188,340)	(858,910)
Unrealized (Gains) losses on AFS Investments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized invesment (gains) losses	(89,262)	(15,029)	(238,405)	(1,087,229)
Income tax (benefit) expense	$ 18,745	$ 3,157	$ 50,065	$ 228,319

Investments (Narrative) (Detail

Investments (Narrative) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)item	Sep. 30, 2019USD ($)item	Sep. 30, 2018USD ($)	Jul. 30, 2019USD ($)	Dec. 31, 2018USD ($)item
Schedule of Available-for-sale Securities [Line Items]
Unrealized gain (loss)	$ 7,603	$ 1,716,124
Unrealized losses for 12 consecutive months or longer					$ 655,653
OTTI losses recognized in other comprehensive earnings		0	$ 0
Federal Home Loan Bank of Chicago [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities pledged	0	0
FHLBC outstanding balance	0	0
Promissory note	$ 1,275,000	$ 1,275,000
Amount funded				$ 625,000
Interest rate	6.50%	6.50%
Term		20 years
Preferred Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item					200
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities in an unrealized loss position | item	31	31
Number of securities in an unrealized loss position for 12 consecutive months or longer | item	19	19
Unrealized losses for 12 consecutive months or longer	$ 54,268	$ 54,268			$ 655,653
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses for 12 consecutive months or longer	51,256	51,256			458,564
MBS/ABS/CMBS [Member] | Residential Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	13,386,554	13,386,554			13,696,585
MBS/ABS/CMBS [Member] | Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	12,545,859	12,545,859			$ 10,126,352
Significant Unobservable Inputs (Level 3)
Schedule of Available-for-sale Securities [Line Items]
Fair value	$ 0	$ 0

Investments (Summary of Recogni

Investments (Summary of Recognized Impairments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Proceeds			$ 19,522,461	$ 10,181,569
Fixed Maturity Securities [Member]
Proceeds	$ 5,771,988	$ 3,512,293	19,522,461	10,181,569
Gains	99,445	45,130	264,737	97,917
Losses	(10,183)	(30,165)	(26,332)	(56,280)
Net realized gain/(losses)	89,262	14,965	238,405	41,637
Common Stocks [Member]
Proceeds	1,320,803	533,388	5,998,276	9,367,763
Gains	185,319	61,330	960,420	1,164,192
Losses	(133,100)	(60,591)	(457,702)	(122,833)
Net realized gain/(losses)	$ 52,219	739	$ 502,718	1,041,359
Preferred Stocks [Member]
Proceeds		66,000		3,927,722
Gains				86,862
Losses		(675)		(82,629)
Net realized gain/(losses)		$ (675)		$ 4,233

Investments (Summary of Amortiz

Investments (Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Investments [Abstract]
Due in one year or less, amortized cost	$ 3,706,721
Due after one year through five years, amortized cost	20,527,932
Due after five years through 10 years, amortized cost	14,516,310
Due after 10 years, amortized cost	13,833,858
Asset and mortgage backed securities without a specific due date, amortized cost	36,272,187
Fixed maturity securities, amortized cost	88,857,008	$ 89,252,906
Due in one year or less, fair value	3,724,171
Due after one year through five years, fair value	21,357,177
Due after five years through 10 years, fair value	15,749,391
Due after 10 years, fair value	15,217,981
Asset and mortgage backed securities witout a specific due date, fair value	36,869,747
Fixed maturity securities, fair value	$ 92,918,467	$ 88,981,159

Investments (Schedule of Cost o

Investments (Schedule of Cost or Amortized Cost and Estimated Fair Values of Investments) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	$ 88,857,008	$ 89,252,906
Equity securities, amortized cost	13,235,053	13,572,713
AFS securities, amortized cost	88,857,008	102,825,619
Fixed maturity securities, fair value	92,918,467	88,981,159
Equity securities, fair value	13,330,075	11,843,223
AFS securities, fair value	92,918,467	100,824,382
Fixed maturity securities, gross unrealized gains		808,553
Equity securities, gross unrealized gains		406,812
Total AFS securities, gross unrealized gains	4,126,352	1,215,365
Fixed maturity securities, gross unrealized losses		(1,080,300)
Equity securities, gross unrealized losses		(2,136,302)
Total AFS securities, gross unrealized losses	(64,893)	(3,216,602)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	1,349,993	1,348,575
Fixed maturity securities, fair value	1,347,742	1,328,925
Fixed maturity securities, gross unrealized gains	761
Fixed maturity securities, gross unrealized losses	(3,012)	(19,650)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	36,272,188	34,372,133
Fixed maturity securities, fair value	36,869,747	33,799,024
Fixed maturity securities, gross unrealized gains	655,901	33,955
Fixed maturity securities, gross unrealized losses	(58,342)	(607,064)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	40,936,728	37,383,903
Fixed maturity securities, fair value	43,509,784	37,366,690
Fixed maturity securities, gross unrealized gains	2,576,595	376,029
Fixed maturity securities, gross unrealized losses	(3,539)	(393,242)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity securities, amortized cost	10,298,099	16,148,295
Fixed maturity securities, fair value	11,191,194	16,486,520
Fixed maturity securities, gross unrealized gains	$ 893,095	398,569
Fixed maturity securities, gross unrealized losses		(60,344)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Equity securities, amortized cost		13,572,713
Equity securities, fair value		11,843,223
Equity securities, gross unrealized gains		406,812
Equity securities, gross unrealized losses		$ (2,136,302)

Investments (Summary of Impairm

Investments (Summary of Impairment Analysis and Value of Securities in an Unrealized Loss Position) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		$ 42,452,663
Less than 12 months, Cost or amortized cost		45,013,612
Less than 12 months, unrealized loss		(2,560,949)
Greater than 12 months, fair value		19,869,687
Greater than 12 months, Cost or amortized cost		20,525,340
Greater than 12 months, unrealized loss		(655,653)
Fair value		62,322,350
Cost or amortized cost		65,538,952
Unrealized loss		(3,216,602)
US Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value
Less than 12 months, Cost or amortized cost
Less than 12 months, unrealized loss
Greater than 12 months, fair value	1,246,820	1,328,925
Greater than 12 months, Cost or amortized cost	1,249,832	1,348,575
Greater than 12 months, unrealized loss	(3,012)	(19,650)
Fair value	1,246,820	1,328,925
Cost or amortized cost	1,249,832	1,348,575
Unrealized loss	(3,012)	(19,650)
MBS/ABS/CMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	4,940,313	16,890,857
Less than 12 months, Cost or amortized cost	4,947,399	17,039,357
Less than 12 months, unrealized loss	(7,086)	(148,500)
Greater than 12 months, fair value	4,706,813	11,956,493
Greater than 12 months, Cost or amortized cost	4,758,069	12,415,057
Greater than 12 months, unrealized loss	(51,256)	(458,564)
Fair value	9,647,126	28,847,350
Cost or amortized cost	9,705,468	29,454,414
Unrealized loss	(58,342)	(607,064)
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	1,005,982	14,304,322
Less than 12 months, Cost or amortized cost	1,009,521	14,550,153
Less than 12 months, unrealized loss	(3,539)	(245,831)
Greater than 12 months, fair value		5,745,289
Greater than 12 months, Cost or amortized cost		5,892,700
Greater than 12 months, unrealized loss		(147,411)
Fair value	1,005,982	20,049,611
Cost or amortized cost	1,009,521	20,442,853
Unrealized loss	(3,539)	(393,242)
Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		3,069,720
Less than 12 months, Cost or amortized cost		3,100,036
Less than 12 months, unrealized loss		(30,316)
Greater than 12 months, fair value		838,980
Greater than 12 months, Cost or amortized cost		869,008
Greater than 12 months, unrealized loss		(30,028)
Fair value		3,908,700
Cost or amortized cost		3,969,044
Unrealized loss		(60,344)
Fixed Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	5,946,295	34,264,899
Less than 12 months, Cost or amortized cost	5,956,920	34,689,546
Less than 12 months, unrealized loss	(10,625)	(424,647)
Greater than 12 months, fair value	5,953,633	19,869,687
Greater than 12 months, Cost or amortized cost	6,007,901	20,525,340
Greater than 12 months, unrealized loss	(54,268)	(655,653)
Fair value	11,899,928	54,134,586
Cost or amortized cost	11,964,821	55,214,886
Unrealized loss	$ (64,893)	(1,080,300)
Common Stocks [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		8,187,764
Less than 12 months, Cost or amortized cost		10,324,066
Less than 12 months, unrealized loss		(2,136,302)
Fair value		8,187,764
Cost or amortized cost		10,324,066
Unrealized loss		$ (2,136,302)

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Securities transferred from level 1 to level 2	$ 0	$ 0
Securities transferred from level 2 to level 1	0	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0	0
Fair Value, Equity, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Equity, Level 2 to Level 1 Transfers, Amount	$ 0	$ 0

Fair Value Disclosures (Summary

Fair Value Disclosures (Summary of Assets Measured at Fair Value on a recurring Basis) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	$ 0	$ 0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	106,248,542	100,824,382
Fair Value, Measurements, Recurring [Member] | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,347,742	1,328,925
Fair Value, Measurements, Recurring [Member] | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	36,869,747	33,799,024
Fair Value, Measurements, Recurring [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	43,509,784	37,366,690
Fair Value, Measurements, Recurring [Member] | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	11,191,194	16,486,520
Fair Value, Measurements, Recurring [Member] | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	92,918,467	88,981,159
Fair Value, Measurements, Recurring [Member] | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,330,075	11,843,223
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	14,677,817	13,172,148
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,347,742	1,328,925
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	1,347,742	1,328,925
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	13,330,075	11,843,223
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	91,570,725	87,652,234
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	36,869,747	33,799,024
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	43,509,784	37,366,690
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	11,191,194	16,486,520
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities	91,570,725	87,652,234
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | US Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | MBS/ABS/CMBS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | Fixed Maturity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | Common Stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total AFS securities

Debt (Details)

Debt (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Mar. 31, 2017
Debt Instrument [Line Items]
Corporate debt	$ 3,477,586	$ 3,484,606
Average interest rate	3.70%	3.70%
Revolver
Debt Instrument [Line Items]
Interest expense	$ 0
Debt maturity	Aug. 5, 2020
Collateral	$ 5,000,000
Maximum borrowing capacity	$ 1,750,000
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Revolver
Debt Instrument [Line Items]
Variable interest rate	2.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum | Revolver
Debt Instrument [Line Items]
Variable interest rate	3.50%
Debt Obligation [Member]
Debt Instrument [Line Items]
Face amount of debt instrument			$ 3,500,000
Interest rate	3.65%
Collateral	$ 1,000,000
Term of debt instrument	5 years
Debt Obligation [Member] | Bofi Federal Bank B & C [Member]
Debt Instrument [Line Items]
Debt	$ 3,477,586	$ 3,484,606

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Casualty Business [Member]
Ceded Credit Risk [Line Items]
Individual risk	$ 1,000,000
Property [Member]
Ceded Credit Risk [Line Items]
Individual risk	500,000
Workers Compensation [Member]
Ceded Credit Risk [Line Items]
Individual risk	$ 500,000

Reinsurance (Summary of the Eff

Reinsurance (Summary of the Effects of Reinsurance) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
WRITTEN
Direct	$ 16,305,222	$ 16,170,176	$ 48,349,466	$ 46,582,507
Reinsurance assumed	70,200	16,199	178,446	108,686
Reinsurance ceded	(2,410,170)	(2,988,813)	(7,730,458)	(8,379,524)
Net	13,965,252	13,197,562	40,797,454	38,311,669
EARNED
Direct	16,007,232	15,088,986	46,710,351	42,751,784
Reinsurance assumed	64,863	17,500	174,583	116,663
Reinsurance ceded	(2,392,349)	(2,968,796)	(7,665,052)	(7,948,742)
Net	13,679,746	12,137,690	39,219,882	34,919,705
LOSSES AND SETTLEMENT EXPENSES INCURRED
Direct	13,034,216	10,513,847	37,778,378	29,111,003
Reinsurance assumed	36,297	36,653	119,498	71,410
Reinsurance ceded	(3,461,166)	(1,938,927)	(9,780,507)	(4,784,404)
Total incurred	$ 9,609,347	$ 8,611,573	$ 28,117,369	$ 24,398,009

Unpaid Losses and Settlement _3

Unpaid Losses and Settlement Expenses (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Liability for Future Policy Benefit, by Product Segment [Line Items]
Increase in net unpaid losses and settlement expense	$ 1,323,000
Increase in net unpaid losses and settlement expense, percent	3.00%
Liquor Liability And Business Owners Liability [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Increase in net unpaid losses and settlement expense	$ 2,338,000
Liquor Liability And Umbrella Liability [Member]
Liability for Future Policy Benefit, by Product Segment [Line Items]
Increase in net unpaid losses and settlement expense		$ 1,811,000

Unpaid Losses and Settlement _4

Unpaid Losses and Settlement Expenses (Reconciliation of Unpaid Losses and Settlement Expenses) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Unpaid losses and settlement expense - beginning of the period:
Gross	$ 61,264,000	$ 51,388,000	$ 51,447,440	$ 51,074,000
Less: Ceded	13,974,000	8,288,000	6,735,964	10,030,000
Net	47,290,000	43,100,000	44,711,000	41,044,000
Increase in incurred losses and settlement expense:
Current year	9,092,000	8,324,000	25,779,000	22,587,000
Prior years	517,000	288,000	2,338,000	1,811,000
Total incurred	9,609,347	8,611,573	28,117,369	24,398,009
Deduct: Loss and settlement expense payments for claims incurred:
Current year	6,064,000	3,613,000	10,455,000	7,511,000
Prior years	4,778,000	3,365,000	16,316,000	13,197,000
Total paid	10,842,000	6,978,000	26,771,000	20,708,000
Net unpaid losses and settlement expense - end of the period	46,057,000	44,734,000	46,057,000	44,734,000
Plus: Reinsurance recoverable on unpaid losses	12,266,481	9,479,000	12,266,481	9,479,000
Gross unpaid losses and settlement expense - end of the period	$ 58,322,611	$ 54,213,000	$ 58,322,611	$ 54,213,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Taxes [Abstract]
Federal tax rate	21.00%
Effective tax rate	14.60%	3.10%
Capital loss carryforward	$ 0		$ 0
Operating loss carryforward	$ 0		$ 0

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Taxes [Abstract]
Provision for income taxes at the statutory federal tax rates	$ (5,684)	$ (60,088)	$ 176,341	$ 56,056
Increase (reduction) in taxes resulting from:
Dividends received deduction	(8,955)	(8,951)	(28,482)	(26,852)
Tax-exempt interest income	(16,433)	(32,002)	(60,249)	(101,894)
Proration of tax-exempt interest and dividends received deduction	5,939	10,192	21,775	31,684
Officer life insurance, net	3,579	3,579	(11,039)	10,386
Nondeductible expenses	8,404	12,439	24,450	36,608
Prior year true-ups and other		(2,738)		2,221
Total income tax expense	$ (13,150)	$ (77,569)	$ 122,796	$ 8,209

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee stock ownership plan, shares	350,000
Employee stock ownership plan, share purchase price	$ 10
Contributions to ESOP	$ 0	$ 0
Shares committed		1,932
Restricted Stock Units (RSUs)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share compensation expense	78,226	$ 35,818
Unrecognized compensation expense	$ 226,856
Vesting period	3 years
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche One [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche Two [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
Restricted Stock Units (RSUs) | Share-based Compensation Award, Tranche Three [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Vesting percentage	33.00%
Restricted Stock Units (RSUs) | $13.63 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shaes granted	13,071
Fair value of shares granted	$ 13.70
Restricted Stock Units (RSUs) | $15.10 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shaes granted	11,700
Fair value of shares granted	$ 15.10
December 31, 2019 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense	$ 242,788
Shares committed to be released	17,530
June 30, 2019 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Shares committed to be released	1,926
Impact on weighted average shares outstanding	0
December 31,2018 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense		$ 271,747
Shares committed to be released		17,577
Impact on weighted average shares outstanding		0

Related Party (Details)

Related Party (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
John R. Klockau [Member]
Related Party Transaction [Line Items]
Fees paid to related party	$ 6,455	$ 10,560
Scott T. Burgess [Member]
Related Party Transaction [Line Items]
Fees paid to related party	2,941	3,355
Stevens & Lee [Member]
Related Party Transaction [Line Items]
Fees paid to related party	$ 27,500	$ 85,841