Note 4 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

June 30, 2026

Total

Level 1

Level 2

Level 3

(Unaudited)

Fixed maturities:

US Treasury securities

$

729,834

$

729,834

$

-

$

-

Corporate bonds

27,058,199

-

26,902,599

155,600

Municipal bonds

5,760,379

-

5,760,379

-

Redeemable preferred stock

1,506,863

-

1,506,863

-

Term loans

12,968,088

-

-

12,968,088

Mortgage backed and asset backed securities

40,662,803

-

40,334,053

328,750

Total fixed maturities

88,686,166

729,834

74,503,894

13,452,438

Equities:

Common stock

7,115,101

6,973,301

141,800

-

Preferred stock

1,402,331

-

1,402,331

-

Total equities

8,517,432

6,973,301

1,544,131

-

Other invested assets

989,514

-

-

989,514

Reinsurance contract allocated hedge

57,808

-

-

57,808

Limited partnership interests

1,803,095

-

-

1,803,095

Total

$

100,054,015

$

7,703,135

$

76,048,025

$

16,302,855

December 31, 2025

Total

Level 1

Level 2

Level 3

Fixed maturities:

US Treasury securities

$

732,892

$

732,892

$

-

$

-

Corporate bonds

28,299,216

-

28,143,616

155,600

Municipal bonds

5,807,136

-

5,807,136

-

Redeemable preferred stock

1,998,438

-

1,998,438

-

Term loans

11,005,804

-

-

11,005,804

Mortgage backed and asset backed securities

38,691,218

-

38,357,468

333,750

Total fixed maturities

86,534,704

732,892

74,306,658

11,495,154

Equities:

Common stock

2,097,203

1,968,303

128,900

-

Preferred stock

1,445,209

-

1,445,209

-

Total equities

3,542,412

1,968,303

1,574,109

-

Other invested assets

1,018,640

-

-

1,018,640

Reinsurance contract allocated hedge

77,197

-

-

77,197

Limited partnership interests

1,293,005

-

-

1,293,005

Total

$

92,465,958

$

2,701,195

$

75,880,767

$

13,883,996

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

						Mortgage								Other				Limited
For the six months ended June 30, 2026		Corporate				Backed				Term				Invested				Partnership
(unaudited)		Bonds				Securities				Loans				Assets				Interests
Fair value, beginning of period		$	155,600			$	333,750			$	11,005,804			$	1,018,640			$	1,293,005
Principal payment			-				-				(1,284,627	)			(15	)			(192,000	)
Acquisition			-				-				3,473,634				68,828				481,998
Investment related gains (losses), net			-				(5,000	)			(226,723	)			(97,939	)			220,092
Fair value, end of period		$	155,600			$	328,750			$	12,968,088			$	989,514			$	1,803,095

						Mortgage								Other				Limited
For the Three Months Ended June 30, 2026		Corporate				Backed				Term				Invested				Partnership
(unaudited)		Bonds				Securities				Loans				Assets				Interests
Fair value, beginning of period		$	155,600			$	328,750			$	12,093,385			$	1,012,127			$	1,711,176
Principal payment			-				-				(729,956	)			-				-
Acquisition			-				-				1,886,461				35,277				-
Investment related gains (losses), net			-				-				(281,802	)			(57,890	)			91,919
Fair value, end of period		$	155,600			$	328,750			$	12,968,088			$	989,514			$	1,803,095

Fair Value, by Balance Sheet Grouping [Table Text Block]

		June 30, 2026
		(unaudited)
		Carrying Value				Fair Value				Level 1				Level 2				Level 3
Financial assets:
Cash and cash equivalents		$	3,541,701			$	3,541,701			$	3,541,701			$	-			$	-
Mortgage loans on real estate			32,417,262				33,982,047				-				-				33,982,047
Investment income due and accrued			1,196,679				1,196,679				-				-				1,196,679
Policy loans			43,264				43,264				-				-				43,264
Total financial assets (excluding available for sale investments)		$	37,198,906			$	38,763,691			$	3,541,701			$	-			$	35,221,990

Financial liabilities:
Federal Home Loan Bank advance		$	1,250,000			$	1,250,000			$	-			$	-			$	1,250,000
Policyholder deposits in deposit-type contracts			88,152,595				75,299,684				-				-				75,299,684
Total financial liabilities		$	89,402,595			$	76,549,684			$	-			$	-			$	76,549,684

		December 31, 2025

		Carrying Value				Fair Value				Level 1				Level 2				Level 3
Financial assets:
Cash and cash equivalents		$	18,036,904			$	18,036,904			$	18,036,904			$	-			$	-
Mortgage loans on real estate			23,645,037				25,123,294				-				-				25,123,294
Investment income due and accrued			860,697				860,697				-				-				860,697
Policy loans			41,314				41,314				-				-				41,314
Total financial assets (excluding available for sale investments)		$	42,583,952			$	44,062,209			$	18,036,904			$	-			$	26,025,305

Financial liabilities:
Federal Home Loan Bank advance		$	1,250,000			$	1,250,000			$	-			$	-			$	1,250,000
Policyholder deposits in deposit-type contracts			87,824,261				76,539,273				-				-				76,539,273
Total financial liabilities		$	89,074,261			$	77,789,273			$	-			$	-			$	77,789,273