Note 7 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

	For the Three-Months Ended
	March 31,
	2024			2023
Provision for income taxes at the statutory federal tax rates	$	595,435		$	416,654
Increase (reduction) in taxes resulting from:
Tax-exempt interest income		(7,929	)		(10,072	)
Dividends received deduction		(10,065	)		(20,460	)
Proration of tax-exempt interest and dividends received deduction		4,283			7,417
Nondeductible expenses		15,915			15,091
Officer life insurance, net		(1,438	)		(3,110	)
Total	$	596,201		$	405,520