Note 2 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Preliminary amounts of indentifiable assets acquired and liablities assumed
Investment securities	$	1,380,606
Cash		872,391
Other assets		26,669
Policyholder reserves		(422,442	)
Deposit type contracts		(35,659	)
Other liabilities		(180,569	)
Total indentifiable net assets	$	1,640,996
Cash paid as purchase consideration		(500,000	)
Gain from purchase of Great Western Life	$	1,140,996

Fair value of US Alliance Corporation common stock issued as consideration	$	3,099,165
Amounts of indentifiable assets acquired and liablities assumed
Investment securities	$	4,623,449
Cash		1,079,627
Value of business acquired		609,061
Other assets		60,080
Policyholder reserves		(1,277,411	)
Deposit type contracts		(2,029,138	)
Other liabilities		(243,608	)
Total indentifiable net assets	$	2,822,060
Goodwill		277,105
Total amounts of indentifiable assets acquired and liabilties assumed	$	3,099,165