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17) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)
 12 Months Ended
Dec. 31, 2018
As of December 2018  
Schedule of fair value assets and liabilities measured on a recurring basis

 

 

Total

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

Significant Observable Inputs (Level 2)

 

Significant Unobservable Inputs (Level 3)

Assets accounted for at fair value on a    recurring basis

 

 

 

 

 

 

 

Common stock

 $           5,558,611

 

 $          5,558,611

 

 $                 -

 

 $                         -

Total equity securities

 $           5,558,611

 

 $          5,558,611

 

 $                 -

 

 $                         -

 

 

 

 

 

 

 

 

Loans held for sale

          136,210,853

 

                           -

 

                    -

 

         136,210,853

Restricted assets (1)

                 744,673

 

                744,673

 

                    -

 

                            -

Cemetery perpetual care trust investments (1)

                 483,353

 

                483,353

 

                    -

 

                            -

Derivatives - loan commitments (2)

              1,969,967

 

                           -

 

                    -

 

             1,969,967

 

 

 

 

 

 

 

 

Total assets accounted for at fair value on a    recurring basis

 $       144,967,457

 

 $          6,786,637

 

 $                 -

 

 $      138,180,820

 

 

 

 

 

 

 

 

Liabilities accounted for at fair value on a    recurring basis

 

 

 

 

 

 

 

Derivatives - call options (3)

 $                (4,629)

 

 $               (4,629)

 

 $                 -

 

 $                         -

Derivatives - put options (3)

               (296,053)

 

              (296,053)

 

                    -

 

                            -

Derivatives - loan commitments (3)

               (378,151)

 

                           -

 

                    -

 

              (378,151)

 

 

 

 

 

 

 

 

Total liabilities accounted for at fair value    on a recurring basis

 $            (678,833)

 

 $           (300,682)

 

 $                 -

 

 $           (378,151)

                             

 

 

 

 

 

 

 

(1) Mutual funds and equity securities

 

 

 

 

 

 

 

(2) Included in other assets on the consolidated balance sheets

 

 

 

 

 

 

(3) Included in other liabilities and accrued expenses on the consolidated balance sheets

 

 
AsOfDecember312017  
Schedule of fair value assets and liabilities measured on a recurring basis

 

 

Total

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

Significant Observable Inputs (Level 2)

 

Significant Unobservable Inputs (Level 3)

Assets accounted for at fair value on a    recurring basis

 

 

 

 

 

 

 

Common stock

 $           6,037,855

 

 $          6,037,855

 

 $                 -

 

 $                         -

Total equity securities

 $           6,037,855

 

 $          6,037,855

 

 $                 -

 

 $                         -

 

 

 

 

 

 

 

 

Loans held for sale

          133,414,188

 

                           -

 

                    -

 

         133,414,188

Restricted assets (1)

                 809,958

 

                809,958

 

                    -

 

                            -

Cemetery perpetual care trust investments (1)

                 682,315

 

                682,315

 

                    -

 

                            -

Derivatives - loan commitments (2)

              2,032,782

 

                           -

 

                    -

 

             2,032,782

 

 

 

 

 

 

 

 

Total assets accounted for at fair value on a    recurring basis

 $       142,977,098

 

 $          7,530,128

 

 $                 -

 

 $      135,446,970

 

 

 

 

 

 

 

 

Liabilities accounted for at fair value on a    recurring basis

 

 

 

 

 

 

 

Derivative - call options (3)

 $              (64,689)

 

 $             (64,689)

 

 $                 -

 

 $                         -

 Derivatives - put options (3)

                 (20,568)

 

                (20,568)

 

                    -

 

                            -

Derivative - loan commitments (3)

                 (36,193)

 

                           -

 

                    -

 

                (36,193)

 

 

 

 

 

 

 

 

Total liabilities accounted for at fair value    on a recurring basis

 $            (121,450)

 

 $             (85,257)

 

 $                 -

 

 $             (36,193)

                             

 

 

 

 

 

 

 

(1) Mutual funds and equity securities

 

 

 

 

 

 

 

(2) Included in other assets on the consolidated balance sheets

 

 

 

 

 

 

(3) Included in other liabilities and accrued expenses on the consolidated balance sheets