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Note 16: Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2015
Tables/Schedules |
Schedule of Financial Instruments Carried at Other Than Fair Value |
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |
Residential | $ 44,459,613 |  | $ - |  | $ - |  | $ 47,193,950 |  | $ 47,193,950
Residential construction | 34,751,443 |  | - |  | - |  | 34,751,443 |  | 34,751,443
Commercial | 33,335,849 |  | - |  | - |  | 34,778,136 |  | 34,778,136
Mortgage loans, net | $ 112,546,905 |  | $ - |  | $ - |  | $ 116,723,529 |  | $ 116,723,529
Policy loans | 6,896,457 |  | - |  | - |  | 6,896,457 |  | 6,896,457
Other loans | 32,685,964 |  | - |  | - |  | 32,685,964 |  | 32,685,964
Short-term investments | 16,915,808 |  | - |  | - |  | 16,915,808 |  | 16,915,808
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (40,894,968) |  | $ - |  | $ - |  | $ (40,894,968) |  | $ (40,894,968)
The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2014:
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |
Residential | $ 51,876,621 |  | $ - |  | $ - |  | $ 55,247,638 |  | $ 55,247,638
Residential construction | 32,971,824 |  | - |  | - |  | 32,971,824 |  | 32,971,824
Commercial | 35,201,627 |  | - |  | - |  | 36,829,266 |  | 36,829,266
Mortgage loans, net | $ 120,050,072 |  | $ - |  | $ - |  | $ 125,048,728 |  | $ 125,048,728
Policy loans | 7,011,012 |  | - |  | - |  | 7,011,012 |  | 7,011,012
Other loans | 27,114,416 |  | - |  | - |  | 27,114,416 |  | 27,114,416
Short-term investments | 27,059,495 |  | - |  | - |  | 27,059,495 |  | 27,059,495
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (28,989,008) |  | $ - |  | $ - |  | $ (28,989,008) |  | $ (28,989,008)

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