Note 7 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the Three-Months Ended
	March 31,
	2023			2022
Provision for income taxes at the statutory federal tax rates	$	416,654		$	(44,088	)
Increase (reduction) in taxes resulting from:
Dividends received deduction		(20,460	)		(11,281	)
Tax-exempt interest income		(10,072	)		(13,351	)
Proration of tax-exempt interest and dividends received deduction		7,417			5,970
Nondeductible expenses		15,091			17,292
Officer life insurance, net		(3,110	)		(4,347	)
Total	$	405,520		$	(49,805	)