Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)		Mar. 31, 2024	Dec. 31, 2023
Investments and cash:
Fixed maturity securities (amortized cost of $118,359,809 at 3/31/2024 and $119,336,041 at 12/31/2023)		$ 109,168,285	$ 110,955,697
Other invested assets, net of allowances for credit losses of $39,000 at 3/31/2024 and $39,000 at 12/31/2023		9,040,528	8,898,409
Property held for investment, at cost, net of accumulated depreciation of $728,443 at 3/31/2024 and $682,402 at 12/31/2023		6,115,025	5,910,864
Cash and cash equivalents		7,026,999	1,478,135
Total investments and cash		147,767,603	142,331,022
Accrued investment income		962,242	915,156
Premiums and reinsurance balances receivable, net of allowances for credit losses of $136,000 at 3/31/2024 and $143,000 at 12/31/2023		36,450,702	37,220,433
Ceded unearned premiums		724,172	755,099
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for credit losses of $88,000 at 3/31/2024 and $82,000 at 12/31/2023		13,738,899	12,736,579
Federal income taxes		2,386,403	2,775,366
Deferred policy acquisition costs, net		8,643,538	8,552,459
Property and equipment, at cost, net of accumulated depreciation of $7,109,013 at 3/31/2024 and $6,990,076 at 12/31/2023		3,363,731	3,325,322
Other Assets, net of allowances for credit losses of $5,000 at 3/31/2024 and $5,000 at 12/31/2023		2,395,727	2,405,577
Total assets		216,433,017	211,017,013
Liabilities:
Unpaid losses and settlement expenses		77,650,986	71,919,585
Unearned premiums		47,450,348	47,259,637
Reinsurance balances payable		663,886	1,132,301
Corporate debt		15,000,000	15,000,000
Accrued expenses		5,783,483	7,442,617
Other liabilities		1,198,903	1,259,324
Total liabilities		147,747,606	144,013,464
Equity:
Common stock	[1]	35,000	35,000
Treasury stock, at cost	[2]	(5,776,979)	(5,710,324)
Additional paid-in capital		33,421,997	33,330,846
Accumulated other comprehensive (loss), net of tax		(7,261,448)	(6,621,336)
Retained earnings		50,083,573	47,844,368
Less: Unearned Employee Stock Ownership Plan shares at cost	[3]	(1,816,732)	(1,875,005)
Total equity		68,685,411	67,003,549
Total liabilities and equity		216,433,017	211,017,013
Common Stock [Member]
Investments and cash:
Stocks at fair value		13,369,954	12,191,621
Preferred Stock [Member]
Investments and cash:
Stocks at fair value		$ 3,046,812	$ 2,896,296

[1] Par value $0.01; authorized: 2024 and 2023 - 10,000,000 shares; issued: 2024 – 3,500,000 shares and 2023 – 3,500,000 shares; outstanding: 2024 – 3,138,976 and 2023 – 3,138,976 shares

[2] 2024 – 361,024 shares and 2023 – 361,024 shares

[3] 2024 – 181,671 shares and 2023 – 187,498 shares