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Note 9 - Income Taxes - Difference Between Financial Statement Tax Expense and Amount Computed by Applying Statutory Federal Tax Rate to Income Before Income Taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statutory Federal Income Taxes $ 4,954,199 $ 4,283,394 $ 4,134,570
Tax-Exempt Interest (102,345) (109,759) (83,903)
Income from Cash Value Life Insurance, net of premiums (198,730) (182,532) (232,988)
Meal and Entertainment Disallowance 14,354 16,813 21,600
Other 69,029 (156,583) (51,476)
Tax Expense from Tax Rate Changes 2,040,946
Federal Income Tax Expense $ 6,777,453 $ 3,851,333 $ 3,787,803