Rendering

Component: (Network and Table)
Network
027 - Disclosure - Note 3 - Fair Value Measurements (Tables)
(http://www.firsttrinityfinancial.com/20161231/role/statement-note-3-fair-value-measurements-tables)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001395585 (http://www.sec.gov/CIK)
Scenario [Axis]Scenario, Unspecified [Domain]
Statement [Line Items]Period [Axis]
2016-01-01 - 2016-12-31
Notes Tables
 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
   
Level 1
    
Level 2
    
Level 3
    
Total
  
   
December 31, 2016
  
Fixed maturity securities, available-for-sale
                                
U.S. government and U.S. government agencies
   $
-
    $
3,185,383
    $
-
    $
3,185,383
 
States and political subdivisions
    
-
     
9,250,896
     
-
     
9,250,896
 
Residential mortgage-backed securities
    
-
     
70,727
     
-
     
70,727
 
Corporate bonds
    
-
     
100,980,041
     
-
     
100,980,041
 
Foreign bonds
    
-
     
15,824,108
     
-
     
15,824,108
 
Total fixed maturity securities
   $
-
    $
129,311,155
    $
-
    $
129,311,155
 
                                 
Equity securities, available-for-sale
                                
Mutual funds
   $
-
    $
341,914
    $
-
    $
341,914
 
Corporate preferred stock
    
96,360
     
-
     
-
     
96,360
 
Corporate common stock
    
138,633
     
-
     
61,500
     
200,133
 
Total equity securities
   $
234,993
    $
341,914
    $
61,500
    $
638,407
 
   
December 31, 2015
  
Fixed maturity securities, available-for-sale
                                
U.S. government and U.S. government agencies
   $
-
    $
2,820,754
    $
-
    $
2,820,754
 
States and political subdivisions
    
-
     
8,952,605
     
-
     
8,952,605
 
Residential mortgage-backed securities
    
-
     
93,826
     
-
     
93,826
 
Corporate bonds
    
-
     
106,750,939
     
-
     
106,750,939
 
Foreign bonds
    
-
     
15,937,903
     
-
     
15,937,903
 
Total fixed maturity securities
   $
-
    $
134,556,027
    $
-
    $
134,556,027
 
                                 
Equity securities, available-for-sale
                                
Mutual funds
   $
-
    $
324,941
    $
-
    $
324,941
 
Corporate preferred stock
    
211,278
     
53,760
     
-
     
265,038
 
Corporate common stock
    
256,321
     
-
     
46,500
     
302,821
 
Total equity securities
   $
467,599
    $
378,701
    $
46,500
    $
892,800
 
  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   
Year Ended December 31,
  
   
2016
    
2015
  
                 
Beginning balance
   $
46,500
    $
46,500
 
Purchases
    
15,000
     
-
 
Sales
    
-
     
-
 
Impairment
    
-
     
-
 
Ending balance
   $
61,500
    $
46,500
 
  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   
Carrying
    
Fair
                          
   
Amount
    
Value
    
Level 1
    
Level 2
    
Level 3
  
   
December 31, 2016
  
Financial assets
                                        
Mortgage loans on real estate
                                        
Commercial
   $
1,254,808
    $
1,268,140
    $
-
    $
-
    $
1,268,140
 
Residential
    
73,116,478
     
70,383,661
     
-
     
-
     
70,383,661
 
Policy loans
    
1,598,116
     
1,598,116
     
-
     
-
     
1,598,116
 
Other long-term investments
    
46,788,873
     
55,890,429
     
-
     
-
     
55,890,429
 
Cash and cash equivalents
    
34,223,945
     
34,223,945
     
34,223,945
     
-
     
-
 
Accrued investment income
    
2,176,770
     
2,176,770
     
-
     
-
     
2,176,770
 
Total financial assets
   $
159,158,990
    $
165,541,061
    $
34,223,945
    $
-
    $
131,317,116
 
                                         
Financial liabilities
                                        
Policyholders' account balances
   $
245,346,489
    $
206,541,702
    $
-
    $
-
    $
206,541,702
 
Policy claims
    
997,814
     
997,814
     
-
     
-
     
997,814
 
Total financial liabilities
   $
246,344,303
    $
207,539,516
    $
-
    $
-
    $
207,539,516
 
   
December 31, 2015
  
Financial assets
                                        
Mortgage loans on real estate
                                        
Commercial
   $
1,464,655
    $
1,486,601
    $
-
    $
-
    $
1,486,601
 
Residential
    
57,310,263
     
57,356,546
     
-
     
-
     
57,356,546
 
Policy loans
    
1,486,317
     
1,486,317
     
-
     
-
     
1,486,317
 
Short-term investments
    
599,855
     
599,855
     
599,855
     
-
     
-
 
Other long-term investments
    
31,566,927
     
37,755,989
     
-
     
-
     
37,755,989
 
Cash and cash equivalents
    
9,047,586
     
9,047,586
     
9,047,586
     
-
     
-
 
Accrued investment income
    
2,205,469
     
2,205,469
     
-
     
-
     
2,205,469
 
Loans from premium financing
    
123,824
     
123,824
     
-
     
-
     
123,824
 
Total financial assets
   $
103,804,896
    $
110,062,187
    $
9,647,441
    $
-
    $
100,414,746
 
                                         
Financial liabilities
                                        
Policyholders' account balances
   $
197,688,616
    $
179,233,152
    $
-
    $
-
    $
179,233,152
 
Policy claims
    
714,928
     
714,928
     
-
     
-
     
714,928
 
Total financial liabilities
   $
198,403,544
    $
179,948,080
    $
-
    $
-
    $
179,948,080