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Note 8: Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)
 6 Months Ended
Jun. 30, 2012
AsOfJune302012Member
  
Tables/Schedules  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

 

Total

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets accounted for at fair value on a recurring basis

Non-redeemable preferred stock

 $18,484

 $18,484

 $       -

 $        -

Common stock

 5,863,949

 5,863,949

 -

 -

Total securities available for sale

 5,882,433

 5,882,433

 -

 -

Restricted assets of cemeteries and mortuaries

 573,857

 573,857

 -

 -

Cemetery perpetual care trust investments

 627,293

 627,293

 -

 -

Derivatives - interest rate lock commitments

 5,218,290

 -

 -

 5,218,290

Total assets accounted for at fair value on a recurring basis

 $12,301,873

 

 $7,083,583

 

 $        -

 

 $5,218,290

Liabilities accounted for at fair value on a  recurring basis

Policyholder account balances

 $(50,425,076)

 $        -

 $        -

 $(50,425,076)

Future policy benefits - annuities

 (65,511,513)

 -

 -

 (65,511,513)

Derivatives - bank loan interest rate swaps

 (107,779)

 -

 -

 (107,779)

   - call options

 (71,865)

 (71,865)

 -

 -

   - interest rate lock commitments

 (618,858)

 -

 -

 (618,858)

Total liabilities accounted for at fair value on a recurring basis

 $(116,735,091)

 

 $(71,865)

 

 $        -

 

 $(116,663,226)

 
AsOfDecember312012Member
  
Tables/Schedules  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

 

Total

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Assets accounted for at fair value on a recurring basis

Non-redeemable preferred stock

 $   18,438

 $   18,438

 $      -

 $       -

Common stock

 6,280,954

 6,280,954

 -

 -

Total securities available for sale

 6,299,392

 6,299,392

 -

 -

Restricted assets of cemeteries and mortuaries

 548,761

 548,761

 -

 -

Cemetery perpetual care trust investments

 617,107

 617,107

 -

 -

Derivatives - interest rate lock commitments

 1,904,901

 -

 -

 1,904,901

Total assets accounted for at fair value on a recurring basis

 $9,370,161

 $7,465,260

 $       -

 $1,904,901

Liabilities accounted for at fair value on a recurring basis

Policyholder account balances

 $(50,926,020)

 $        -

 $       -

 $(50,926,020)

Future policy benefits - annuities

 (65,281,586)

 -

 -

 (65,281,586)

Derivatives - bank loan interest rate swaps

 (117,812)

 -

 -

 (117,812)

                   - call options

 (80,102)

 (80,102)

 -

 -

                   - interest rate lock commitment

 (210,360)

 -

 -

 (210,360)

Total liabilities accounted for at fair value on a recurring basis

 $(116,615,880)

 $(80,102)

 $       -

 $(116,535,778)