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3) Investments: Available-for-sale Securities (Tables)
 6 Months Ended
Jun. 30, 2012
AsOfJune302012Member
  
Tables/Schedules  
Available-for-sale Securities

Amortized Cost

Gross Unrealized Gains

Gross Unrealized Losses

Estimated Fair Value

June 30, 2012:

Equity securities available for sale at estimated fair value:

Non-redeemable preferred stock

 $  20,281

 $       -

 $  (1,797)

 $  18,484

Common stock:

Industrial, miscellaneous and all other

 6,840,761

 378,015

 (1,354,827)

 5,863,949

Total equity securities available for sale at estimated fair value

 $6,861,042

 $378,015

 $(1,356,624)

 $5,882,433

Mortgage loans on real estate and construction loans held for investment at amortized cost:

Residential

$52,498,871

Residential construction

 9,085,386

Commercial

 41,090,847

Less: Allowance for loan losses

 (4,699,410)

Total mortgage loans on real estate and construction loans held for investment

 $97,975,694

Real estate held for investment - net of depreciation

$4,272,796

Other real estate owned held for investment - net of  depreciation

56,127,842

Other real estate owned held for sale

5,998,740

Total real estate

$66,399,378

Policy and other loans at amortized cost - net of allowance for doubtful accounts

$17,818,019

Short-term investments at amortized cost

$5,562,045

as of December 31, 2011
  
Tables/Schedules  
Available-for-sale Securities

Amortized Cost

Gross Unrealized Gains

Gross Unrealized Losses

Estimated Fair Value

December 31, 2011:

Equity securities available for sale at estimated fair value:

Non-redeemable preferred stock

 $    20,281

 $      -

 $    (1,843)

 $   18,438

Common stock:

Industrial, miscellaneous and all other

 7,250,991

 363,387

 (1,333,424)

 6,280,954

Total equity securities available for sale at estimated fair value

 $7,271,272

 $363,387

 $(1,335,267)

 $6,299,392

Mortgage loans on real estate and construction loans held for investment at amortized cost:

Residential

$54,344,327

Residential construction

17,259,666

Commercial

48,433,147

Less: Allowance for loan losses

(4,881,173)

Total mortgage loans on real estate and construction loans held for investment

$115,155,967

Real estate held for investment - net of depreciation

$3,786,780

Other real estate owned held for investment - net of depreciation

46,398,095

Other real estate owned held for sale

5,793,900

Total real estate

$55,978,775

Policy and other loans at amortized cost - net of allowance for doubtful accounts

$18,463,277

Short-term investments at amortized cost

$6,932,023