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Note 14: Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables) | 12 Months Ended
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Dec. 31, 2013
Tables/Schedules |
Schedule of Segment Reporting Information, by Segment |
| 2013
| Life |  | Cemetery/ |  |  | Reconciling |
| Insurance |  | Mortuary |  | Mortgage |  | Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |
Revenue from customers | $ 51,322,567 |  | $ 12,000,375 |  | $ 127,950,021 |  | $ - |  | $ 191,272,963
Net investment income | 15,877,784 |  | 268,923 |  | 4,207,295 |  | - |  | 20,354,002
Realized gains (losses) on |  |  |  |  |  |  |  |  |
investments and other assets | 1,402,352 |  | 15,699 |  | - |  | - |  | 1,418,051
Other than temporary impairments | (336,226) |  | - |  | - |  | - |  | (336,226)
Other revenues | 538,009 |  | 94,703 |  | 1,973,518 |  | - |  | 2,606,230
Intersegment revenues: |  |  |  |  |  |  |  |  |
Net investment income | 7,220,282 |  | 1,356,825 |  | 262,074 |  | (8,839,181) |  | -
Total revenues | 76,024,768 |  | 13,736,525 |  | 134,392,908 |  | (8,839,181) |  | 215,315,020
Expenses: |  |  |  |  |  |  |  |  |
Death and other policy benefits | 28,534,936 |  | - |  | - |  | - |  | 28,534,936
Increase in future policy benefits | 19,594,890 |  | - |  | - |  | - |  | 19,594,890
Amortization of deferred policy and preneed acquisition costs and |  |  |  |  |  |  |  |  |
value of business acquired | 4,811,300 |  | 370,537 |  | - |  | - |  | 5,181,837
Depreciation | 401,893 |  | 426,641 |  | 792,535 |  | - |  | 1,621,069
General, administrative and |  |  |  |  |  |  |  |  |
other costs: |  |  |  |  |  |  |  |  |
Intersegment | 24,000 |  | 141,367 |  | 199,193 |  | (364,560) |  | -
Provision for loan losses | - |  | - |  | 1,751,472 |  | - |  | 1,751,472
Costs related to funding mortgage |  |  |  |  |  |  |  |  |
loans | - |  | - |  | 6,635,290 |  | - |  | 6,635,290
Other | 18,753,753 |  | 10,467,717 |  | 110,096,627 |  | 1 |  | 139,318,098
Interest expense: |  |  |  |  |  |  |  |  |
Intersegment | 802,352 |  | 1,664,096 |  | 6,008,174 |  | (8,474,622) |  | -
Other | 233,343 |  | 443,133 |  | 2,177,225 |  | - |  | 2,853,701
Total benefits and expenses | 73,156,467 |  | 13,513,491 |  | 127,660,516 |  | (8,839,181) |  | 205,491,293
Earnings (losses) before income taxes | $ 2,868,301 |  | $ 223,034 |  | $ 6,732,392 |  | $ - |  | $ 9,823,727
Income tax (expense) benefit | 399,304 |  | - |  | (2,637,110) |  | - |  | (2,237,806)
Net earnings (losses) | $ 3,267,605 |  | $ 223,034 |  | $ 4,095,282 |  | $ - |  | $ 7,585,921
Identifiable assets | $ 591,465,834 |  | $ 114,454,631 |  | $ 50,250,677 |  | $ (137,413,688) |  | $ 618,757,454
Goodwill | $ 391,848 |  | $ 285,191 |  | $ - |  | $ - |  | $ 677,039
Expenditures for long-lived assets | $ 659,259 |  | $ 1,100,195 |  | $ 1,810,879 |  | $ - |  | $ 3,570,333
| 2012
| Life |  | Cemetery/ |  |  | Reconciling |
| Insurance |  | Mortuary |  | Mortgage |  | Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |
Revenue from customers | $ 49,550,904 |  | $ 10,864,497 |  | $ 150,553,261 |  | $ - |  | $ 210,968,662
Net investment income | 16,616,541 |  | 333,625 |  | 4,965,411 |  | - |  | 21,915,577
Realized gains (losses) on |  |  |  |  |  |  |  |  |
investments and other assets | 1,415,556 |  | 8,954 |  | - |  | - |  | 1,424,510
Other than temporary impairments | (1,207,632) |  | - |  | - |  | - |  | (1,207,632)
Other revenues | 482,325 |  | 136,189 |  | 540,538 |  | - |  | 1,159,052
Intersegment revenues: |  |  |  |  |  |  |  |  |
Net investment income | 7,570,979 |  | 1,435,891 |  | 294,980 |  | (9,301,850) |  | -
Total revenues | 74,428,673 |  | 12,779,156 |  | 156,354,190 |  | (9,301,850) |  | 234,260,169
Expenses: |  |  |  |  |  |  |  |  |
Death and other policy benefits | 24,246,088 |  | - |  | - |  | - |  | 24,246,088
Increase in future policy benefits | 21,435,191 |  | - |  | - |  | - |  | 21,435,191
Amortization of deferred policy and preneed acquisition costs and |  |  |  |  |  |  |  |  |
value of business acquired | 5,137,586 |  | 311,843 |  | - |  | - |  | 5,449,429
Depreciation | 315,960 |  | 426,006 |  | 516,131 |  | - |  | 1,258,097
General, administrative and |  |  |  |  |  |  |  |  |
other costs: |  |  |  |  |  |  |  |  |
Intersegment | 24,000 |  | 102,726 |  | 137,696 |  | (264,422) |  | -
Provision for loan losses | - |  | - |  | 4,239,418 |  | - |  | 4,239,418
Costs related to funding mortgage |  |  |  |  |  |  |  |  |
loans | - |  | - |  | 6,931,045 |  | - |  | 6,931,045
Other | 17,824,800 |  | 9,582,499 |  | 118,198,014 |  | 2 |  | 145,605,315
Interest expense: |  |  |  |  |  |  |  |  |
Intersegment | 694,442 |  | 1,681,987 |  | 6,661,001 |  | (9,037,430) |  | -
Other | 159,659 |  | 455,449 |  | 3,129,185 |  | - |  | 3,744,293
Total benefits and expenses | 69,837,726 |  | 12,560,510 |  | 139,812,490 |  | (9,301,850) |  | 212,908,876
Earnings (losses) before income taxes | $ 4,590,947 |  | $ 218,646 |  | $ 16,541,700 |  | $ - |  | $ 21,351,293
Income tax (expense) benefit | 1,755,258 |  | - |  | (6,394,033) |  | - |  | (4,638,775)
Net earnings (losses) | $ 6,346,205 |  | $ 218,646 |  | $ 10,147,667 |  | $ - |  | $ 16,712,518
Identifiable assets | $ 558,845,424 |  | $ 116,368,747 |  | $ 55,613,678 |  | $ (133,611,226) |  | $ 597,216,623
Goodwill | $ 391,848 |  | $ 285,191 |  | $ - |  | $ - |  | $ 677,039
Expenditures for long-lived assets | $ 400,605 |  | $ 689,154 |  | $ 2,131,861 |  | $ - |  | $ 3,221,620
| 2011
| Life |  | Cemetery/ |  |  | Reconciling |
| Insurance |  | Mortuary |  | Mortgage |  | Items |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |
Revenue from customers | $ 49,898,032 |  | $ 10,761,469 |  | $ 77,605,105 |  | $ - |  | $ 138,264,606
Net investment income | 15,855,355 |  | 159,186 |  | 2,555,536 |  | - |  | 18,570,077
Realized gains (losses) on |  |  |  |  |  |  |  |  |
investments and other assets | 1,596,127 |  | 868,226 |  | - |  | - |  | 2,464,353
Other than temporary impairments | (840,735) |  | - |  | - |  | - |  | (840,735)
Other revenues | 712,400 |  | 147,830 |  | 248,739 |  | - |  | 1,108,969
Intersegment revenues: |  |  |  |  |  |  |  |  |
Net investment income | 5,832,691 |  | 1,691,197 |  | 258,062 |  | (7,781,950) |  | -
Total revenues | 73,053,870 |  | 13,627,908 |  | 80,667,442 |  | (7,781,950) |  | 159,567,270
Expenses: |  |  |  |  |  |  |  |  |
Death and other policy benefits | 23,945,720 |  | - |  | - |  | - |  | 23,945,720
Increase in future policy benefits | 22,258,241 |  | - |  | - |  | - |  | 22,258,241
Amortization of deferred policy and preneed acquisition costs and |  |  |  |  |  |  |  |  |
value of business acquired | 5,396,016 |  | 373,332 |  | - |  | - |  | 5,769,348
Depreciation | 479,634 |  | 520,015 |  | 499,389 |  | - |  | 1,499,038
General, administrative and |  |  |  |  |  |  |  |  |
other costs: |  |  |  |  |  |  |  |  |
Intersegment | 24,000 |  | 103,494 |  | 130,011 |  | (257,505) |  | -
Provision for loan losses | - |  | - |  | 2,070,399 |  | - |  | 2,070,399
Costs related to funding mortgage |  |  |  |  |  |  |  |  |
loans | - |  | - |  | 4,240,377 |  | - |  | 4,240,377
Other | 17,472,713 |  | 9,827,197 |  | 69,286,435 |  | - |  | 96,586,345
Interest expense: |  |  |  |  |  |  |  |  |
Intersegment | 668,047 |  | 1,905,559 |  | 4,950,839 |  | (7,524,445) |  | -
Other | 111,221 |  | 437,736 |  | 1,412,292 |  | - |  | 1,961,249
Total benefits and expenses | 70,355,592 |  | 13,167,333 |  | 82,589,742 |  | (7,781,950) |  | 158,330,717
Earnings (losses) before income taxes | $ 2,698,278 |  | $ 460,575 |  | $ (1,922,300) |  | $ - |  | $ 1,236,553
Income tax (expense) benefit | (734,626) |  | - |  | 796,831 |  | - |  | 62,205
Net earnings (losses) | $ 1,963,652 |  | $ 460,575 |  | $ (1,125,469) |  | $ - |  | $ 1,298,758
Identifiable assets | $ 504,744,743 |  | $ 116,453,434 |  | $ 27,913,480 |  | $ (126,061,216) |  | $ 523,050,441
Goodwill | $ 391,848 |  | $ 285,191 |  | $ - |  | $ - |  | $ 677,039
Expenditures for long-lived assets | $ 136,742 |  | $ 255,116 |  | $ 373,775 |  | $ - |  | $ 765,633

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -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. + Details
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