Note 9 - Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) [Table Text Block]

	Quarter Ended March 31, 2015
				Income Tax
				Expense
	Pretax			(Benefit)			Net of Tax
Other comprehensive income:
Change in net unrealized gains on available-for-sale securities:
Unrealized holding gains arising during period	$	4,999,552		$	1,679,372		$	3,320,180
Reclassification adjustment for gains included in income		(158,828	)		(33,526	)		(125,302	)
Adjustment for effect of deferred acquisition costs		(119,053	)		(40,478	)		(78,575	)
Net unrealized gains on investments		4,721,671			1,605,368			3,116,303
Change in defined benefit pension plan:
Amortization of actuarial net loss in net periodic pension cost		190,558			64,790			125,768
Total other comprehensive income	$	4,912,229		$	1,670,158		$	3,242,071

	Quarter Ended March 31, 2014
				Income Tax
				Expense
	Pretax			(Benefit)			Net of Tax
Other comprehensive income:
Change in net unrealized gains on available-for-sale securities:
Unrealized holding gains arising during period	$	7,168,195		$	2,437,718		$	4,730,477
Reclassification adjustment for losses included in income		3,806			761			3,045
Adjustment for effect of deferred acquisition costs		(191,144	)		(64,988	)		(126,156	)
Net unrealized losses on investments		6,980,857			2,373,491			4,607,366
Change in defined benefit pension plan:
Amortization of actuarial net loss in net periodic pension cost		97,603			33,185			64,418
Total other comprehensive income	$	7,078,460		$	2,406,676		$	4,671,784

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Unrealized Gains			Defined			Accumulated
	(Losses) on			Benefit			Other
	Available-For-Sale			Pension			Comprehensive
	Securities			Plan			Income
For the quarter ended March 31, 2015:
Beginning balance	$	17,743,407		$	(5,039,088	)	$	12,704,319
Other comprehensive income before reclassifications		3,241,605			-			3,241,605
Amounts reclassified from accumulated other comprehensive income		(125,302	)		125,768			466
Net current period other comprehensive income		3,116,303			125,768			3,242,071
Ending balance	$	20,859,710		$	(4,913,320	)	$	15,946,390
For the quarter ended March 31, 2014:
Beginning balance	$	9,916,148		$	(3,164,157	)	$	6,751,991
Other comprehensive income before reclassifications		4,604,321			-			4,604,321
Amounts reclassified from accumulated other comprehensive income		3,045			64,418			67,463
Net current period other comprehensive income		4,607,366			64,418			4,671,784
Ending balance	$	14,523,514		$	(3,099,739	)	$	11,423,775

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	Quarter Ended March 31,
Reclassification Adjustments	2015			2014
Unrealized gains on available-for-sale securities:
Realized gains (losses) on sale of securities (a)	$	158,828		$	(3,806	)
Income tax benefit (expense) (c)		(33,526	)		761
Net of tax		125,302			(3,045	)
Defined benefit pension plan:
Amortization of actuarial net loss (b)		(190,558	)		(97,603	)
Income tax benefit (c)		64,790			33,185
Net of tax		(125,768	)		(64,418	)
Total reclassifications for the period	$	(466	)	$	(67,463	)

(a) These items appear within net realized gains (losses) on investments in the consolidated income statements.

(b) These items are included in the computation of net periodic pension cost (see Note 10).

(c) These items appear within federal income taxes in the consolidated income statements.