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17) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 12 Months Ended
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Dec. 31, 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 | $ 228,397,623 |  | $ - |  | $ 233,806,219 |  | $ 7,692,190 |  | $ 241,498,409
Mortgage loans held for investment |  |  |  |  |  |  |  |  |
Residential | 99,816,535 |  | - |  | - |  | 106,050,169 |  | 106,050,169
Residential construction | 49,694,025 |  | - |  | - |  | 49,694,025 |  | 49,694,025
Commercial | 54,700,325 |  | - |  | - |  | 56,473,156 |  | 56,473,156
Mortgage loans held for investment, net | $ 204,210,885 |  | $ - |  | $ - |  | $ 212,217,350 |  | $ 212,217,350
Policy loans | 6,531,352 |  | - |  | - |  | 6,531,352 |  | 6,531,352
Insurance assignments, net (1) | 35,455,098 |  | - |  | - |  | 35,455,098 |  | 35,455,098
Restricted assets (2) | 1,130,088 |  | - |  | 1,152,324 |  | - |  | 1,152,324
Restricted assets (3) | 1,701,811 |  | - |  | - |  | 1,796,910 |  | 1,796,910
Cemetery perpetual care trust investments (2) | 943,211 |  | - |  | 953,404 |  | - |  | 953,404
Cemetery perpetual care trust investments (3) | 4,128 |  | - |  | - |  | 4,411 |  | 4,411
Mortgage servicing rights, net | 21,376,937 |  | - |  | - |  | 27,427,174 |  | 27,427,174
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (157,450,925) |  | $ - |  | $ - |  | $ (157,450,925) |  | $ (157,450,925)
Policyholder account balances (4) | (47,867,037) |  | - |  | - |  | (34,557,111) |  | (34,557,111)
Future policy benefits - annuities (4) | (99,474,392) |  | - |  | - |  | (98,827,107) |  | (98,827,107)
(1) Included in other investments and policy loans on the consolidated balance sheets |  |  |  |
(2) Fixed maturity securities held to maturity |  |  |  |  |  |  |  |  |
(3) Participation in mortgage loans held for investment (commercial) |  |  |  |  |  |
(4) Included in future policy benefits and unpaid claims on the consolidated balance sheets |  |  |  |
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 | 189,139,832 |  | - |  | - |  | 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
Restricted assets (2) | 990,613 |  | - |  | 991,528 |  | - |  | 991,528
Restricted assets (3) | 1,575,044 |  | - |  | - |  | 1,651,539 |  | 1,651,539
Cemetery perpetual care trust investments (2) | 885,729 |  | - |  | 892,260 |  | - |  | 892,260
Cemetery perpetual care trust investments (3) | 3,821 |  | - |  | - |  | 3,863 |  | 3,863
Mortgage servicing rights, net | 18,872,362 |  | - |  | - |  | 25,496,832 |  | 25,496,832
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (152,137,341) |  | $ - |  | $ - |  | $ (152,137,341) |  | $ (152,137,341)
Policyholder account balances (4) | (49,421,125) |  | - |  | - |  | (38,530,031) |  | (38,530,031)
Future policy benefits - annuities (4) | (99,385,662) |  | - |  | - |  | (100,253,261) |  | (100,253,261)
(1) Included in other investments and policy loans on the consolidated balance sheets |  |  |  |
(2) Fixed maturity securities held to maturity |  |  |  |  |  |  |  |  |
(3) Participation in mortgage loans held for investment (commercial) |  |  |  |  |  |
(4) Included in future policy benefits and unpaid claims on the consolidated balance sheets |  |  |  |

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