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Schedule II - Condensed Financial Information of Registrant - Balance Sheet - Parent Company Only (Details) - USD ($)
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Debt Securities, Available-for-Sale $ 110,955,697 $ 110,955,697 $ 93,388,971  
Other invested assets 8,898,409   4,722,137  
Cash and cash equivalents 1,478,135   3,139,986  
Accrued investment income 915,156   791,812  
Income taxes - current 127,730   22,042  
Fixed assets 3,325,322   3,313,719  
Other assets 2,405,577   1,277,469  
Total assets 211,017,013   192,162,211  
Debt 15,000,000   15,000,000  
Accrued expenses 7,442,617   6,072,020  
Other liabilities 1,259,324   1,102,678  
Total liabilities 144,013,464   131,721,280  
Common stock [1] 35,000   35,000  
Additional paid-in capital 33,330,846   33,119,125  
Accumulated other comprehensive earnings, net of tax (6,621,336)   (8,841,517)  
Retained Earnings (Accumulated Deficit) 47,844,368   43,701,233  
Less: Unearned Employee Stock Ownership Plan shares at cost [2] (1,875,005)   (2,109,375)  
Total equity 67,003,549   60,440,931 $ 74,703,914
Total liabilities and equity 211,017,013   192,162,211  
Parent Company [Member]        
Investment in subsidiaries 66,340,628   58,973,935  
Debt Securities, Available-for-Sale 2,742,384   3,108,898  
Common Stocks 1,431,097   1,303,224  
Other invested assets 173,220   213,230  
Cash and cash equivalents 668,052   348,692 $ 573,715
Due from subsidiaries 1,041,131   1,111,804  
Accrued investment income 11,912   9,375  
Income taxes - current 664,148   766,927  
Goodwill and other intangibles 52,500   86,042  
Fixed assets 1,694   15,161  
Other assets 142,489   159,426  
Total assets 73,269,255   66,096,714  
Debt 5,366,494   5,463,608  
Accrued expenses 662,969   112,722  
Income taxes - deferred 22,853   24,372  
Other liabilities 213,390   55,081  
Total liabilities 6,265,706   5,655,783  
Common stock [3] 35,000   35,000  
Treasury stock, at cost [4] (5,710,324)   (5,463,535)  
Additional paid-in capital 33,330,846   33,119,125  
Accumulated other comprehensive earnings, net of tax (6,621,336)   (8,841,517)  
Retained Earnings (Accumulated Deficit) 47,844,368   43,701,233  
Less: Unearned Employee Stock Ownership Plan shares at cost [5] (1,875,005)   (2,109,375)  
Total equity 67,003,549   60,440,931  
Total liabilities and equity $ 73,269,255   $ 66,096,714  
[1] Par value $0.01; authorized: 2023 - 10,000,000 shares and 2022 – 10,000,000 shares; issued: 2023 – 3,500,000 shares and 2022 – 3,500,000 shares; outstanding: 2023 – 3,137,228 and 2022 – 3,153,741 shares
[2] 2023 – 199,313 shares and 2022 – 210,935 shares
[3] Par value $0.01; authorized: 2023 –10,000,000 shares and 2022 – 10,000,000 shares; issued: 2023 – 3,500,000 shares and 2022 – 3,500,000 shares; outstanding: 2023 – 3,138,976 shares and 2022 – 3,153,741 shares.
[4] 2023 – 361,024 shares and 2022 – 346,259 shares
[5] 2023 – 187,498 shares and 2022 – 210,935 shares