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Income Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Insurance premiums and other considerations $ 11,893,298 $ 9,730,491 $ 24,585,601 $ 19,653,384
Net investment income 4,655,298 4,811,815 8,862,340 8,825,231
Net mortuary and cemetery sales 2,762,610 3,121,440 5,704,603 6,023,161
Realized gains on investments and other assets 1,257,566 319,471 1,602,656 683,917
Other than temporary impairments on investments (30,000) (30,000) (65,129) (30,000)
Mortgage fee income 15,707,350 24,335,286 29,223,347 44,746,120
Other income 220,296 760,485 725,180 1,114,302
Total revenues 36,466,418 43,048,988 70,638,598 81,016,115
Benefits and expenses:        
Death benefits 5,135,908 5,029,515 11,284,571 9,864,337
Surrenders and other policy benefits 292,027 55,960 1,026,619 642,631
Increase in future policy benefits 5,422,655 4,181,521 9,527,194 8,089,349
Amortization of deferred policy and pre-need acquisition costs and value of business acquired 1,955,321 1,282,570 3,955,538 2,715,625
Commissions 9,288,848 15,772,780 17,149,481 28,011,742
Salaries 5,717,905 6,486,214 11,902,692 13,447,131
Provision for loan losses and loss reserve 415,541 1,080,029 1,107,335 2,100,514
Costs related to funding mortgage loans 1,001,329 1,606,556 1,845,834 3,047,263
Other expenses 6,222,289 6,200,858 12,300,160 12,273,803
Interest expense 378,100 708,839 693,642 1,310,206
Cost of goods and services sold-mortuaries and cemeteries 495,317 559,365 1,026,936 1,101,647
Total benefits and expenses 36,325,240 42,964,207 71,820,002 82,604,248
Earnings (loss) before income taxes 141,178 84,781 (1,181,404) (1,588,133)
Income tax benefit 63,689 334,638 867,798 1,056,319
Net earnings (loss) $ 204,867 $ 419,419 $ (313,606) $ (531,814)
Net earnings (loss) per Class A Equivalent common share (1) $ 0.02 $ 0.05 $ (0.04) $ (0.06)
Net earnings (loss) per Class A Equivalent common share-assuming dilution (1) $ 0.02 $ 0.05 $ (0.04) $ (0.06)
Weighted-average Class A equivalent common share outstanding (1) 8,897,813 8,683,770 8,858,902 8,664,291
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1) 8,940,507 8,840,649 8,858,902 8,664,291