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

12 Months Ended

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

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-Topic 320
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-Section 50
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-Topic 942
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803

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-Publisher FASB
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-Topic 320
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-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6435544&loc=d3e41834-113960

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5086-111524

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