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

6 Months Ended

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

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