XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.8.0.1

3) Investments: Held-to-maturity Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
AsOfSeptember302017Member |
Held-to-maturity Securities |
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
September 30, 2017 |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
Bonds: |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ 54,279,156 |  | $ 237,071 |  | $ (226,543) |  | $ 54,289,684
Obligations of states and political subdivisions |  | 5,865,790 |  | 124,685 |  | (77,272) |  | 5,913,203
Corporate securities including public utilities |  | 160,278,125 |  | 14,088,157 |  | (1,285,361) |  | 173,080,921
Mortgage-backed securities |  | 9,764,566 |  | 253,573 |  | (171,423) |  | 9,846,716
Redeemable preferred stock |  | 623,635 |  | 53,403 |  | - |  | 677,038
Total fixed maturity securities held to maturity |  | $ 230,811,272 |  | $ 14,756,889 |  | $ (1,760,599) |  | $ 243,807,562
Equity securities available for sale at estimated fair value: |  |  |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 6,310,307 |  | $ 467,132 |  | $ (819,951) |  | $ 5,957,488
Total equity securities available for sale at estimated fair value |  | $ 6,310,307 |  | $ 467,132 |  | $ (819,951) |  | $ 5,957,488
Mortgage loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 65,759,761 |  |  |  |  |  |
Residential construction |  | 41,306,722 |  |  |  |  |  |
Commercial |  | 42,923,761 |  |  |  |  |  |
Less: Unamortized deferred loan fees, net |  | (637,735) |  |  |  |  |  |
Less: Allowance for loan losses |  | (2,051,818) |  |  |  |  |  |
Total mortgage loans held for investment |  | $ 147,300,691 |  |  |  |  |  |
Real estate held for investment net of accumulated depreciation: |  |  |  |  |  |  |  |
Residential |  | $ 69,469,220 |  |  |  |  |  |
Commercial |  | 81,099,778 |  |  |  |  |  |
Total real estate held for investment |  | $ 150,568,998 |  |  |  |  |  |
Policy loans and other investments at amortized cost: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,677,924 |  |  |  |  |  |
Insurance assignments |  | 33,340,431 |  |  |  |  |  |
Federal Home Loan Bank stock |  | 689,400 |  |  |  |  |  |
Other investments |  | 2,923,681 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (1,142,287) |  |  |  |  |  |
Total policy loans and other investments |  | $ 42,489,149 |  |  |  |  |  |
Short-term investments at amortized cost |  | $ 17,830,990 |  |  |  |  |  |
Accrued investment income |  | $ 3,391,688 |  |  |  |  |  |
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 |  | $ 10,323,238 |  | $ 447,110 |  | $ (859,092) |  | $ 9,911,256
Total securities available for sale carried at estimated fair value |  | $ 10,323,238 |  | $ 447,110 |  | $ (859,092) |  | $ 9,911,256
Mortgage loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 58,593,622 |  |  |  |  |  |
Residential construction |  | 40,800,117 |  |  |  |  |  |
Commercial |  | 51,536,622 |  |  |  |  |  |
Less: Unamortized deferred loan fees, net |  | (190,846) |  |  |  |  |  |
Less: Allowance for loan losses |  | (1,748,783) |  |  |  |  |  |
Total mortgage loans held for investment |  | $ 148,990,732 |  |  |  |  |  |
Real estate held for investment net of accumulated depreciation: |  |  |  |  |  |  |  |
Residential |  | $ 76,191,985 |  |  |  |  |  |
Commercial |  | 68,973,936 |  |  |  |  |  |
Total real estate held for investment |  | $ 145,165,921 |  |  |  |  |  |
Policy loans and other investments at amortized cost: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,694,148 |  |  |  |  |  |
Insurance assignments |  | 33,548,079 |  |  |  |  |  |
Promissory notes |  | 48,797 |  |  |  |  |  |
Federal Home Loan Bank stock |  | 662,100 |  |  |  |  |  |
Other investments |  | 1,765,752 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (1,119,630) |  |  |  |  |  |
Total policy loans and other investments |  | $ 41,599,246 |  |  |  |  |  |
Short-term investments at amortized cost |  | $ 27,560,040 |  |  |  |  |  |
Accrued investment income |  | $ 2,972,596 |  |  |  |  |  |

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_AsOfSeptember302017Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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