Note 7 - Income Taxes	9 Months Ended
Sep. 30, 2017
Notes
Note 7 - Income Taxes	Note 7 – Income Taxes Effective income tax rates were 19% and 23% during the three- and nine-month periods ended September 30, 2017, respectively compared to 88% and 30% and during each of the same periods during 2016. Tax rates were lower during the current year periods due to higher earnings at the parent company level and reduced earnings in the insurance subsidiaries. The Company has elected to be, and is, treated as an S corporation for income tax reporting purposes. Taxable income or loss of an S corporation is passed through to, and included in the individual tax returns, of the shareholders of the Company, rather than being taxed at the corporate level. Notwithstanding this election, income taxes are reported for, and paid by, the Company's insurance subsidiaries, as they are not allowed by law to be treated as S corporations, as well as for the Company in Louisiana, which does not recognize S corporation status. The tax rates of the Company’s insurance subsidiaries are below statutory rates due to investments in tax exempt bonds held by the Company’s insurance subsidiaries.

Note 7 - Income Taxes

9 Months Ended

Sep. 30, 2017

Note 7 – Income Taxes

Effective income tax rates were 19% and 23% during the three- and nine-month periods ended September 30, 2017, respectively compared to 88% and 30% and during each of the same periods during 2016. Tax rates were lower during the current year periods due to higher earnings at the parent company level and reduced earnings in the insurance subsidiaries. The Company has elected to be, and is, treated as an S corporation for income tax reporting purposes. Taxable income or loss of an S corporation is passed through to, and included in the individual tax returns, of the shareholders of the Company, rather than being taxed at the corporate level. Notwithstanding this election, income taxes are reported for, and paid by, the Company's insurance subsidiaries, as they are not allowed by law to be treated as S corporations, as well as for the Company in Louisiana, which does not recognize S corporation status. The tax rates of the Company’s insurance subsidiaries are below statutory rates due to investments in tax exempt bonds held by the Company’s insurance subsidiaries.