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Note 7 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Provision for income taxes at the statutory federal tax rates $ 549,949 $ (203,241) $ 954,385 $ 369,439
Tax-exempt interest income (7,882) (8,450) (23,717) (27,316)
Dividends received deduction (10,391) (18,802) (29,645) (59,537)
Proration of tax-exempt interest and dividends received deduction 4,338 6,604 12,671 21,074
Nondeductible expenses 23,240 22,512 73,585 57,555
Officer life insurance, net 2,459 2,527 (2,109) 1,949
Other 4,900 0    
Total $ 566,613 $ (198,850) $ 985,170 $ 363,164