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Note 4 - Fair Value: Fair Value Measurements, by Fair Value hierarchy (Tables)
3 Months Ended
Mar. 31, 2016
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

 

 

March 31,

 

Assets

 

Inputs

 

Inputs

Description

 

2016

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

Corporate securities

 

$ 310,125   

 

$ 310,125   

 

$ --   

 

$ --   

Obligations of states and political subdivisions

 

150,404,156   

 

--   

 

150,404,156   

 

--   

Total

 

$ 150,714,281   

 

$ 310,125   

 

150,404,156   

 

$ --   

 

 

 

 

 

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

 

2015

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

Corporate securities

 

$ 328,781   

 

$ 328,781   

 

$ --   

 

$ --   

Obligations of states and political subdivisions

 

143,533,384   

 

--   

 

143,533,384   

 

--   

Total

 

143,862,165   

 

$ 328,781   

 

$ 143,533,384   

 

$ --