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Note 8: Income Taxes: Schedule of components of Deferred Tax Liabilities (Tables)
 12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of components of Deferred Tax Liabilities

 

December 31

2014

2013

Assets

Future policy benefits

 $ (6,856,001)

 $ (5,381,385)

Loan loss reserve

      (670,078)

    (2,147,547)

Unearned premium

    (1,687,059)

    (1,759,087)

Available for sale securities

      (125,797)

      (566,316)

Net operating loss

    (1,738,137)

      (873,412)

Deferred compensation

    (1,279,860)

    (1,057,551)

Deposit obligations

    (1,018,313)

    (1,043,964)

Other

    (1,398,152)

    (1,287,773)

Less: Valuation allowance

     5,276,431

     5,593,063

Total deferred tax assets

    (9,496,966)

    (8,523,972)

Liabilities

Deferred policy acquisition costs

   12,271,954

   10,914,618

Basis difference in property and equipment

     7,049,551

     6,242,266

Value of business acquired

     2,906,193

     2,951,487

Deferred gains

     5,472,003

     3,545,692

Trusts

     1,599,657

     1,599,657

Tax on unrealized appreciation

        952,725

        800,171

Total deferred tax liabilities

   30,252,083

   26,053,891

Net deferred tax liability

 $ 20,755,117

 $ 17,529,919