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3) Investments: Held-to-maturity Securities (Tables)

6 Months Ended

Jun. 30, 2017

AsOfJune302017Member

Held-to-maturity Securities

		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
June 30, 2017
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies		$       14,420,200		$          248,373		$         (59,763)		$       14,608,810
Obligations of states and political subdivisions		5,973,209		130,535		(89,335)		6,014,409
Corporate securities including public utilities		161,579,151		13,657,535		(2,170,322)		173,066,364
Mortgage-backed securities		10,612,465		238,013		(159,091)		10,691,387
Redeemable preferred stock		623,635		39,838		-		663,473
Total fixed maturity securities held to maturity		$     193,208,660		$     14,314,294		$    (2,478,511)		$     205,044,443

Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other		$         6,969,968		$          388,504		$       (859,372)		$         6,499,100
Total equity securities available for sale at estimated fair value		$         6,969,968		$          388,504		$       (859,372)		$         6,499,100
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential		$       63,031,000
Residential construction		34,512,524
Commercial		39,763,788
Less: Unamortized deferred loan fees, net		(387,020)
Less: Allowance for loan losses		(1,921,028)
Total mortgage loans on real estate and construction loans held for investment		$     134,999,264
Real estate held for investment - net of depreciation		$     151,355,029
Policy loans and other investments are shown at amortized cost:
Policy loans		$         6,685,452
Insurance assignments		32,450,071
Other investments		2,925,000
Less: Allowance for doubtful accounts		(1,072,529)
Total policy loans and other investments		$       40,987,994
Short-term investments at amortized cost		$       23,448,480

AsOfDecember312016Member

Held-to-maturity Securities

		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
December 31, 2016:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
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:
Policy loans		$         6,694,148
Insurance assignments		33,548,079
Promissory notes		48,797
Other investments		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

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- 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

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