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Note 6: Bank and Other Loans Payable: Summary of Bank Loans Payable (Tables) | 12 Months Ended
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Dec. 31, 2014
Tables/Schedules |
Summary of Bank Loans Payable |
|  | December 31
|  | 2014 |  | 2013
6.34% note payable in monthly installments of $13,556 including principal and interest, collateralized by real property with a book value of approximately $498,000, due November 2017. |  | $ 466,937 |  | $ 612,068
5.75% note payable in monthly installments of $28,271 including principal and interest, collateralized by real property with a book value of approximately $5,890,000 due March 2015. |  | 3,398,099 |  | 3,509,944
Mark to market of interest rate swaps (discussed below) adjustment |  | 31,370 |  | 58,310
3.85% note payable in monthly installments of $79,468 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due June 2015. |  | 461,889 |  | 1,377,925
3.85% note payable in monthly installments of $86,059 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2017. |  | 2,994,999 |  | 3,891,926
4.40% note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,450,000 due January 2026. |  | 8,333,550 |  | 8,500,000
2.75% above the 90-day LIBOR rate (3.0052% at December 31, 2014) construction and term loan payable, collateralized by real property with a book value of approximately $22,855,000 due July 2017. |  | 13,085,189 |  | -
Other collateralized bank loans payable |  | 247,384 |  | 338,304
Other notes payable |  | 961 |  | 961
Total bank and other loans |  | 29,020,378 |  | 18,289,438
Less current installments |  | 5,248,043 |  | 5,849,926
Bank and other loans, excluding current installments |  | $ 23,772,335 |  | $ 12,439,512

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