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Note 14: Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Schedule of Segment Reporting Information, by Segment

	2016 (As Restated)
	Life		Cemetery/				Intercompany
	Insurance		Mortuary		Mortgage		Eliminations		Consolidated
Revenues:
From external sources:
Revenue from customers	$ 66,902,126		$ 12,267,640		$ 181,141,687		$ -		$ 260,311,453
Net investment income	28,618,485		312,494		8,651,465		-		37,582,444
Realized gains (losses) on
investments and other assets	(277,040)		211,429		(110,776)		-		(176,387)
Other than temporary impairments	(270,358)		-		-		-		(270,358)
Other revenues	632,260		88,676		6,166,813		-		6,887,749
Intersegment revenues:
Net investment income	7,119,692		691,876		327,778		(8,139,346)		-
Total revenues	102,725,165		13,572,115		196,176,967		(8,139,346)		304,334,901
Expenses:
Death and other policy benefits	33,387,380		-		-		-		33,387,380
Increase in future policy benefits	21,322,195		-		-		-		21,322,195
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	7,647,097		356,078		-		-		8,003,175
Depreciation	596,827		390,362		1,195,535		-		2,182,724
General, administrative and
other costs:
Intersegment	-		148,025		219,974		(367,999)		-
Provision for loan losses	-		-		1,700,000		-		1,700,000
Costs related to funding mortgage
loans	-		-		9,191,488		-		9,191,488
Other	29,478,156		10,524,535		163,730,148		1		203,732,840
Interest expense:
Intersegment	781,078		651,046		6,339,224		(7,771,348)		-
Other	1,654,264		282,878		3,174,726		-		5,111,868
Total benefits and expenses	94,866,997		12,352,924		185,551,095		(8,139,346)		284,631,670
Earnings before income taxes	$ 7,858,168		$ 1,219,191		$ 10,625,872		$ -		$ 19,703,231
Income tax expense	(3,451,292)		-		(4,063,312)		-		(7,514,604)
Net earnings	$ 4,406,876		$ 1,219,191		$ 6,562,560		$ -		$ 12,188,627

Identifiable assets	$ 821,097,220		$ 99,611,263		$ 171,844,559		$ (140,874,459)		$ 951,678,583

Goodwill	$ 2,765,570		$ -		$ -		$ -		$ 2,765,570

Expenditures for long-lived assets	$ 532,958		$ 723,445		$ 2,310,108		$ -		$ 3,566,511

	2015 (As Restated)
	Life		Cemetery/				Intercompany
	Insurance		Mortuary		Mortgage		Eliminations		Consolidated
Revenues:
From external sources:
Revenue from customers	$ 58,883,721		$ 11,502,045		$ 169,043,426		$ -		$ 239,429,192
Net investment income	25,297,486		450,854		8,259,564		-		34,007,904
Realized gains (losses) on
investments and other assets	2,332,456		387,316		(318,413)		-		2,401,359
Other than temporary impairments	(413,714)		-		(191,716)		-		(605,430)
Other revenues	824,759		146,831		4,150,217		-		5,121,807
Intersegment revenues:
Net investment income	7,615,338		1,155,180		326,822		(9,097,340)		-
Total revenues	94,540,046		13,642,226		181,269,900		(9,097,340)		280,354,832
Expenses:
Death and other policy benefits	33,549,893		-		-		-		33,549,893
Increase in future policy benefits	17,057,764		-		-		-		17,057,764
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,306,781		334,512		-		-		5,641,293
Depreciation	710,733		403,066		1,069,697		-		2,183,496
General, administrative and
other costs:
Intersegment	-		156,777		199,244		(356,021)		-
Provision for loan losses	-		-		3,449,103		-		3,449,103
Costs related to funding mortgage
loans	-		-		8,901,511		-		8,901,511
Other	27,416,860		10,117,012		146,565,817		(1)		184,099,688
Interest expense:
Intersegment	726,919		1,379,668		6,634,731		(8,741,318)		-
Other	1,151,860		337,632		2,969,120		-		4,458,612
Total benefits and expenses	85,920,810		12,728,667		169,789,223		(9,097,340)		259,341,360
Earnings before income taxes	$ 8,619,236		$ 913,559		$ 11,480,677		$ -		$ 21,013,472
Income tax expense	(3,191,370)		-		(4,470,661)		-		(7,662,031)
Net earnings	$ 5,427,866		$ 913,559		$ 7,010,016		$ -		$ 13,351,441

Identifiable assets	$ 721,362,741		$ 101,935,898		$ 157,283,191		$ (140,108,664)		$ 840,473,166

Goodwill	$ 2,765,570		$ -		$ -		$ -		$ 2,765,570

Expenditures for long-lived assets	$ 3,024,223		$ 154,226		$ 454,241		$ -		$ 3,632,690

	2014 (As Restated)
	Life		Cemetery/				Intercompany
	Insurance		Mortuary		Mortgage		Eliminations		Consolidated
Revenues:
From external sources:
Revenue from customers	$ 57,037,623		$ 11,426,308		$ 122,778,529		$ -		$ 191,242,460
Net investment income	23,008,489		275,324		5,019,927		-		28,303,740
Realized gains (losses) on
investments and other assets	1,208,391		585,543		124,242		-		1,918,176
Other than temporary impairments	(164,240)		-		-		-		(164,240)
Other revenues	682,682		169,464		2,894,867		-		3,747,013
Intersegment revenues:
Net investment income	6,128,389		1,288,856		642,880		(8,060,125)		-
Total revenues	87,901,334		13,745,495		131,460,445		(8,060,125)		225,047,149
Expenses:
Death and other policy benefits	29,789,964		-		-		-		29,789,964
Increase in future policy benefits	17,905,914		-		-		-		17,905,914
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	6,561,589		331,389		-		-		6,892,978
Depreciation	644,510		436,390		1,096,265		-		2,177,165
General, administrative and
other costs:
Intersegment	24,000		166,079		208,513		(398,592)		-
Provision for loan losses	-		-		1,000,000		-		1,000,000
Costs related to funding mortgage
loans	-		-		6,451,319		-		6,451,319
Other	23,045,928		10,245,144		110,817,359		(2)		144,108,429
Interest expense:
Intersegment	725,354		1,481,317		5,454,860		(7,661,531)		-
Other	578,083		421,920		1,994,426		-		2,994,429
Total benefits and expenses	79,275,342		13,082,239		127,022,742		(8,060,125)		211,320,198
Earnings before income taxes	$ 8,625,992		$ 663,256		$ 4,437,703		$ -		$ 13,726,951
Income tax expense	(3,796,327)		-		(1,713,792)		-		(5,510,119)
Net earnings	$ 4,829,665		$ 663,256		$ 2,723,911		$ -		$ 8,216,832

Identifiable assets	$ 652,348,803		$ 109,114,226		$ 130,972,484		$ (142,742,671)		$ 749,692,842

Goodwill	$ 2,765,570		$ -		$ -		$ -		$ 2,765,570

Expenditures for long-lived assets	$ 660,830		$ 121,677		$ 737,936		$ -		$ 1,520,443