XML 74 R57.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 2: Investments: Held-to-maturity Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
AsOfDecember312016Member |
Held-to-maturity Securities |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2016: |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ 4,475,065 |  | $ 249,028 |  | $ (66,111) |  | $ 4,657,982
Obligations of states and political subdivisions |  | 6,017,225 |  | 153,514 |  | (133,249) |  | 6,037,490
Corporate securities including public utilities |  | 164,375,636 |  | 10,440,989 |  | (3,727,013) |  | 171,089,612
Mortgage-backed securities |  | 9,488,083 |  | 221,400 |  | (280,871) |  | 9,428,612
Redeemable preferred stock |  | 623,635 |  | 13,418 |  | - |  | 637,053
Total fixed maturity securities held to maturity |  | $ 184,979,644 |  | $ 11,078,349 |  | $ (4,207,244) |  | $ 191,850,749
Equity securities available for sale at estimated fair value: |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 10,985,338 |  | $ 447,110 |  | $ (859,092) |  | $ 10,573,356
Total securities available for sale carried at estimated fair value |  | $ 10,985,338 |  | $ 447,110 |  | $ (859,092) |  | $ 10,573,356
Mortgage loans on real estate and construction loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 58,593,622 |  |  |  |  |  |
Residential construction |  | 40,800,117 |  |  |  |  |  |
Commercial |  | 51,536,622 |  |  |  |  |  |
Less: Allowance for loan losses |  | (1,748,783) |  |  |  |  |  |
Total mortgage loans on real estate and construction loans held for investment |  | $ 149,181,578 |  |  |  |  |  |
Real estate held for investment - net of depreciation |  | $ 145,165,921 |  |  |  |  |  |
Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,694,148 |  |  |  |  |  |
Insurance assignments |  | 33,548,079 |  |  |  |  |  |
Promissory notes |  | 48,797 |  |  |  |  |  |
Other investments at estimated fair value |  | 1,765,752 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (1,119,630) |  |  |  |  |  |
Total policy loans and other investments |  | $ 40,937,146 |  |  |  |  |  |
Short-term investments at amortized cost |  | $ 27,560,040 |  |  |  |  |  |
AsOfDecember312015Member |
Held-to-maturity Securities |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2015: |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ 3,560,579 |  | $ 292,869 |  | $ (4,743) |  | $ 3,848,705
Obligations of states and political subdivisions |  | 1,805,828 |  | 182,073 |  | (1,040) |  | 1,986,861
Corporate securities including public utilities |  | 134,488,108 |  | 9,836,355 |  | (5,501,743) |  | 138,822,720
Mortgage-backed securities |  | 5,091,887 |  | 190,867 |  | (75,580) |  | 5,207,174
Redeemable preferred stock |  | 612,023 |  | 29,675 |  | - |  | 641,698
Total fixed maturity securities held to maturity |  | $ 145,558,425 |  | $ 10,531,839 |  | $ (5,583,106) |  | $ 150,507,158
Equity securities available for sale at estimated fair value: |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 9,891,500 |  | $ 213,684 |  | $ (1,674,094) |  | $ 8,431,090
Total securities available for sale carried at estimated fair value |  | $ 9,891,500 |  | $ 213,684 |  | $ (1,674,094) |  | $ 8,431,090
Mortgage loans on real estate and construction loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 46,020,490 |  |  |  |  |  |
Residential construction |  | 34,851,557 |  |  |  |  |  |
Commercial |  | 33,522,978 |  |  |  |  |  |
Less: Allowance for loan losses |  | (1,848,120) |  |  |  |  |  |
Total mortgage loans on real estate and construction loans held for investment |  | $ 112,546,905 |  |  |  |  |  |
Real estate held for investment - net of depreciation |  | $ 114,852,432 |  |  |  |  |  |
Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,896,457 |  |  |  |  |  |
Insurance assignments |  | 32,369,014 |  |  |  |  |  |
Promissory notes |  | 48,797 |  |  |  |  |  |
Other investments at estimated fair value |  | 1,174,769 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (906,616) |  |  |  |  |  |
Total policy loans and other investments |  | $ 39,582,421 |  |  |  |  |  |
Short-term investments at amortized cost |  | $ 16,915,808 |  |  |  |  |  |

X
- Definition Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27405-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27232-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6435544&loc=d3e41834-113960 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5086-111524 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementScenarioAxis=fil_AsOfDecember312016Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=fil_AsOfDecember312015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |