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2) Investments: Held-to-maturity Securities (Tables) | 12 Months Ended
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Dec. 31, 2017
AsOfDecember312017Member |
Held-to-maturity Securities |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2017: |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ 54,077,069 |  | $ 211,824 |  | $ (579,423) |  | $ 53,709,470
Obligations of states and political subdivisions |  | 5,843,176 |  | 112,372 |  | (71,013) |  | 5,884,535
Corporate securities including public utilities |  | 158,350,727 |  | 14,336,452 |  | (1,007,504) |  | 171,679,675
Mortgage-backed securities |  | 9,503,016 |  | 210,652 |  | (162,131) |  | 9,551,537
Redeemable preferred stock |  | 623,635 |  | 49,748 |  | (191) |  | 673,192
Total fixed maturity securities held to maturity |  | $ 228,397,623 |  | $ 14,921,048 |  | $ (1,820,262) |  | $ 241,498,409
Equity securities available for sale at estimated fair value: |  |  |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 6,002,931 |  | $ 667,593 |  | $ (632,669) |  | $ 6,037,855
Total securities available for sale |  | $ 6,002,931 |  | $ 667,593 |  | $ (632,669) |  | $ 6,037,855
Mortgage loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 102,527,111 |  |  |  |  |  |
Residential construction |  | 50,157,533 |  |  |  |  |  |
Commercial |  | 54,954,865 |  |  |  |  |  |
Less: Unamortized deferred loan fees, net |  | (1,659,828) |  |  |  |  |  |
Less: Allowance for loan losses |  | (1,768,796) |  |  |  |  |  |
Total mortgage loans held for investment |  | $ 204,210,885 |  |  |  |  |  |
Real estate held for investment - net of accumulated depreciation: |  |  |  |  |  |  |  |
Residential |  | $ 68,329,917 |  |  |  |  |  |
Commercial |  | 72,968,789 |  |  |  |  |  |
Total real estate held for investment |  | $ 141,298,706 |  |  |  |  |  |
Other investments and policy loans at amortized cost: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,531,352 |  |  |  |  |  |
Insurance assignments |  | 36,301,739 |  |  |  |  |  |
Federal Home Loan Bank stock |  | 689,400 |  |  |  |  |  |
Other investments |  | 3,219,622 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (846,641) |  |  |  |  |  |
Total policy loans and other investments |  | $ 45,895,472 |  |  |  |  |  |
Accrued investment income |  | $ 3,644,077 |  |  |  |  |  |
Total investments |  | $ 629,484,618 |  |  |  |  |  |
AsOfDecember312016Member |
Held-to-maturity Securities |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2016: |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
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 |  | $ 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 |  |  |  |  |  |
Other investments and policy loans 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 |  |  |  |  |  |
Total investments |  | $ 561,179,435 |  |  |  |  |  |

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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 + Details
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