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Note 4 - Fair Value: Fair Value Measurements, by Fair Value hierarchy (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Fair Value Measurements, by Fair Value hierarchy

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

June 30,

 

Assets

 

Inputs

 

Inputs

Description

 

2015

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

Corporate securities

 

$ 408,013   

 

$ 408,013   

 

$ --   

 

$ --   

Obligations of states and political subdivisions 

 

127,509,124   

 

--   

 

127,509,124   

 

--   

Total

 

$ 127,917,137   

 

$ 408,013   

 

$ 127,509,124   

 

$ --   

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

 

In Active

 

Significant

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

 

 

Identical

 

Observable

 

Unobservable

 

 

December 31,

 

Assets

 

Inputs

 

Inputs

Description

 

2014

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

Corporate securities

 

$ 418,987   

 

$ 418,987   

 

$ --   

 

$ --   

Obligations of states and political subdivisions 

 

132,428,086   

 

--   

 

132,428,086   

 

--   

           Total

 

$ 132,847,073   

 

$ 418,987   

 

$ 132,428,086   

 

$ --