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8): Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 9 Months Ended
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Sep. 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 | $ 230,811,272 |  | $ - |  | $ 243,807,562 |  | $ - |  | $ 243,807,562
Mortgage loans held for investment: |  |  |  |  |  |  |  |  |
Residential | 63,908,714 |  | - |  | - |  | 68,139,551 |  | 68,139,551
Residential construction | 40,884,948 |  | - |  | - |  | 40,884,948 |  | 40,884,948
Commercial | 42,507,029 |  | - |  | - |  | 44,223,823 |  | 44,223,823
Mortgage loans held for investment, net | $ 147,300,691 |  | $ - |  | $ - |  | $ 153,248,322 |  | $ 153,248,322
Loans held for sale (at amortized costs) | 34,905,719 |  | - |  | - |  | 35,131,853 |  | 35,131,853
Policy loans | 6,677,924 |  | - |  | - |  | 6,677,924 |  | 6,677,924
Insurance assignments, net (1) | 32,198,144 |  | - |  | - |  | 32,198,144 |  | 32,198,144
Short-term investments | 17,830,990 |  | - |  | 17,830,990 |  | - |  | 17,830,990
Mortgage servicing rights, net | 20,396,568 |  | - |  | - |  | 26,785,380 |  | 26,785,380
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (182,769,531) |  | $ - |  | $ - |  | $ (182,769,531) |  | $ (182,769,531)
Policyholder account balances (2) | (48,200,442) |  | - |  | - |  | (37,564,692) |  | (37,564,692)
Future policy benefits - annuities (2) | (99,519,758) |  | - |  | - |  | (100,851,101) |  | (100,851,101)
(1) Included in policy loans and other investments on the condensed consolidated balance sheet. |  |  |
(2) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. |  |
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 held for investment: |  |  |  |  |  |  |  |  |
Residential | 57,096,961 |  | - |  | - |  | 61,357,393 |  | 61,357,393
Residential construction | 40,700,003 |  | - |  | - |  | 40,700,003 |  | 40,700,003
Commercial | 51,193,768 |  | - |  | - |  | 53,299,800 |  | 53,299,800
Mortgage loans held for investment, net | $ 148,990,732 |  | $ - |  | $ - |  | $ 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 (1) | 32,477,246 |  | - |  | - |  | 32,477,246 |  | 32,477,246
Short-term investments | 27,560,040 |  | - |  | 27,560,040 |  | - |  | 27,560,040
Mortgage servicing rights, net | 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 (2) | (49,421,125) |  | - |  | - |  | (38,530,031) |  | (38,530,031)
Future policy benefits - annuities (2) | (99,388,662) |  | - |  | - |  | (100,253,261) |  | (100,253,261)
(1) Included in policy loans and other investments on the condensed consolidated balance sheet. |  |  |
(2) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. |  |

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