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3) Investments: Held-to-maturity Securities (Tables) | 6 Months Ended
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Jun. 30, 2018
AsOfJune302018Member |
Held-to-maturity Securities |
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
June 30, 2018 |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
Bonds: |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ 44,290,515 |  | $ 161,391 |  | $ (1,053,070) |  | $ 43,398,836
Obligations of states and political subdivisions |  | 6,715,254 |  | 56,035 |  | (154,442) |  | 6,616,847
Corporate securities including public utilities |  | 154,368,566 |  | 8,196,301 |  | (2,033,410) |  | 160,531,457
Mortgage-backed securities |  | 12,411,842 |  | 199,574 |  | (295,001) |  | 12,316,415
Redeemable preferred stock |  | 623,635 |  | 36,767 |  | (299) |  | 660,103
Total fixed maturity securities held to maturity |  | $ 218,409,812 |  | $ 8,650,068 |  | $ (3,536,222) |  | $ 223,523,658
Equity securities at estimated fair value: |  |  |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 6,267,290 |  | $ 557,705 |  | $ (746,228) |  | $ 6,078,767
Total equity securities at estimated fair value |  | $ 6,267,290 |  | $ 557,705 |  | $ (746,228) |  | $ 6,078,767
Mortgage loans held for investment at amortized cost: |  |  |  |  |  |  |  |
Residential |  | $ 87,960,136 |  |  |  |  |  |
Residential construction |  | 63,461,371 |  |  |  |  |  |
Commercial |  | 44,682,145 |  |  |  |  |  |
Less: Unamortized deferred loan fees, net |  | (1,471,151) |  |  |  |  |  |
Less: Allowance for loan losses |  | (1,563,664) |  |  |  |  |  |
Total mortgage loans held for investment |  | $ 193,068,837 |  |  |  |  |  |
Real estate held for investment net of accumulated depreciation: |  |  |  |  |  |  |  |
Residential |  | $ 31,111,447 |  |  |  |  |  |
Commercial |  | 93,467,392 |  |  |  |  |  |
Total real estate held for investment |  | $ 124,578,839 |  |  |  |  |  |
Policy loans and other investments at amortized cost: |  |  |  |  |  |  |  |
Policy loans |  | $ 6,310,614 |  |  |  |  |  |
Insurance assignments |  | 32,705,857 |  |  |  |  |  |
Federal Home Loan Bank stock |  | 2,508,700 |  |  |  |  |  |
Other investments |  | 4,280,651 |  |  |  |  |  |
Less: Allowance for doubtful accounts |  | (1,011,924) |  |  |  |  |  |
Total policy loans and other investments |  | $ 44,793,898 |  |  |  |  |  |
Accrued investment income |  | $ 3,968,447 |  |  |  |  |  |
Total investments |  | $ 590,898,600 |  |  |  |  |  |
AsOfDecember312017Member |
Held-to-maturity Securities |
|  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2017: |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity carried at amortized cost: |  |  |  |  |  |  |  |
Bonds: |  |  |  |  |  |  |  |
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 at estimated fair value: |  |  |  |  |  |  |  |
Common stock: |  |  |  |  |  |  |  |
Industrial, miscellaneous and all other |  | $ 6,002,931 |  | $ 667,593 |  | $ (632,669) |  | $ 6,037,855
Total equity securities at estimated fair value |  | $ 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 |  |  |  |  |  |
Policy loans and other investments 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 |  |  |  |  |  |

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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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