XML 57 R43.htm IDEA: XBRL DOCUMENT
v3.7.0.1

7): Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
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 |  |  |  |  |  |  |  |  |
Fixed maturity securities, held to maturity | $ 193,208,660 |  | $ - |  | $ 205,044,443 |  | $ - |  | $ 205,044,443
Mortgage loans: |  |  |  |  |  |  |  |  |
Residential | 61,306,680 |  | - |  | - |  | 65,473,057 |  | 65,473,057
Residential construction | 34,300,908 |  | - |  | - |  | 34,300,908 |  | 34,300,908
Commercial | 39,391,676 |  | - |  | - |  | 40,945,013 |  | 40,945,013
Mortgage loans, net | $ 134,999,264 |  | $ - |  | $ - |  | $ 140,718,978 |  | $ 140,718,978
Loans held for sale | 173,367,938 |  | - |  | - |  | 177,060,605 |  | 177,060,605
Policy loans | 6,685,452 |  | - |  | - |  | 6,685,452 |  | 6,685,452
Insurance assignments, net | 31,377,542 |  | - |  | - |  | 31,377,542 |  | 31,377,542
Short-term investments | 23,448,480 |  | - |  | 23,448,480 |  | - |  | 23,448,480
Mortgage servicing rights | 20,096,965 |  | - |  | - |  | 26,448,288 |  | 26,448,288
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (163,581,969) |  | $ - |  | $ - |  | $ (163,581,969) |  | $ (163,581,969)
Policyholder account balances | (48,540,633) |  | - |  | - |  | (37,834,097) |  | (37,834,097)
Future policy benefits - annuities | (99,076,489) |  | - |  | - |  | (99,975,768) |  | (99,975,768)
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, 2016:
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Fixed maturity securities, held to maturity | $ 184,979,644 |  | $ - |  | $ 191,850,749 |  | $ - |  | $ 191,850,749
Mortgage loans: |  |  |  |  |  |  |  |  |
Residential | 57,132,082 |  | - |  | - |  | 61,357,393 |  | 61,357,393
Residential construction | 40,700,003 |  | - |  | - |  | 40,700,003 |  | 40,700,003
Commercial | 51,349,493 |  | - |  | - |  | 53,299,800 |  | 53,299,800
Mortgage loans, net | $ 149,181,578 |  | $ - |  | $ - |  | $ 155,357,196 |  | $ 155,357,196
Loans held for sale | 189,578,243 |  | - |  | - |  | 192,289,854 |  | 192,289,854
Policy loans | 6,694,148 |  | - |  | - |  | 6,694,148 |  | 6,694,148
Insurance assignments, net | 32,477,246 |  | - |  | - |  | 32,477,246 |  | 32,477,246
Short-term investments | 27,560,040 |  | - |  | 27,560,040 |  | - |  | 27,560,040
Mortgage servicing rights | 18,872,362 |  | - |  | - |  | 25,496,832 |  | 25,496,832
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (152,137,371) |  | $ - |  | $ - |  | $ (152,137,371) |  | $ (152,137,371)
Policyholder account balances | (49,421,125) |  | - |  | - |  | (38,530,031) |  | (38,530,031)
Future policy benefits - annuities | (99,388,662) |  | - |  | - |  | (100,253,261) |  | (100,253,261)

X
- Definition Represents the textual narrative disclosure of Schedule of Financial Instruments Carried at Other Than Fair Value, during the indicated time period. + References No definition available. + Details
Name: | fil_ScheduleOfFinancialInstrumentsCarriedAtOtherThanFairValue0TextBlock
Namespace Prefix: | fil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration