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3) Investments: Available-for-sale Securities (Tables)

9 Months Ended

Sep. 30, 2013

AsOfMarch312013Member

Tables/Schedules

Available-for-sale Securities

		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
September 30, 2013:
Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other		$       5,583,487		$    365,385		$       (819,232)		$    5,129,640
Total equity securities available for sale at estimated fair value		$       5,583,487		$    365,385		$       (819,232)		$    5,129,640
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential		$     47,668,697
Residential construction		9,885,587
Commercial		37,567,592
Less: Allowance for loan losses		(4,150,360)
Total mortgage loans on real estate and construction loans held for investment		$     90,971,516
Real estate held for investment - net of depreciation		$     40,610,932
Other real estate owned held for investment - net of  depreciation		58,985,129
Other real estate owned held for sale		-
Total real estate		$     99,596,061
Policy and other loans at amortized cost - net of allowance for doubtful accounts		$     19,548,139
Short-term investments at amortized cost		$     18,457,264

AsOfDecember312012Member

Tables/Schedules

Available-for-sale Securities

		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
December 31, 2012:
Equity securities available for sale at estimated fair value:
Non-redeemable preferred stock		$            20,281		$                 -		$          (1,486)		$         18,795
Common stock:
Industrial, miscellaneous and all other		6,047,474		309,752		(970,909)		5,386,317
Total equity securities available for sale at estimated fair value		$       6,067,755		$      309,752		$      (972,395)		$    5,405,112
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential		$     50,584,923
Residential construction		3,161,112
Commercial		34,956,031
Less: Allowance for loan losses		(4,239,861)
Total mortgage loans on real estate and construction loans held for investment		$     84,462,205
Real estate held for investment - net of depreciation		$       3,543,751
Other real estate owned held for investment - net of depreciation		55,027,669
Other real estate owned held for sale		5,682,610
Total real estate		$     64,254,030
Policy and other loans at amortized cost - net of allowance for doubtful accounts		$     20,188,516
Short-term investments at amortized cost		$     40,925,390

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- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

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-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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