XML 79 R64.htm IDEA: XBRL DOCUMENT

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

12 Months Ended

Dec. 31, 2018

As of December 2018

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2018:
Fixed maturity securities held to maturity carried at amortized cost:
U.S. Treasury securities and obligations of U.S. Government agencies	$ 52,017,683	$ 264,891	$ (727,798)	$ 51,554,776

Obligations of states and political subdivisions	6,959,237	32,274	(111,271)	6,880,240

Corporate securities including public utilities	157,639,860	7,002,864	(3,704,137)	160,938,587

Mortgage-backed securities	15,358,746	227,398	(308,864)	15,277,280

Redeemable preferred stock	103,197	1,903	(5,125)	99,975

Total fixed maturity securities held to maturity	$ 232,078,723	$ 7,529,330	$ (4,857,195)	$ 234,750,858

Equity securities at estimated fair value:

Common stock:

Industrial, miscellaneous and all other	$ 6,312,158	$ 422,528	$ (1,176,075)	$ 5,558,611

Total equity securities at estimated fair value	$ 6,312,158	$ 422,528	$ (1,176,075)	$ 5,558,611

Mortgage loans held for investment at amortized cost:
Residential	$ 89,935,600
Residential construction	71,366,544
Commercial	27,785,927
Less: Unamortized deferred loan fees, net	(1,275,030)
Less: Allowance for loan losses	(1,347,972)

Total mortgage loans held for investment	$ 186,465,069

Real estate held for investment - net of accumulated depreciation:
Residential	$ 29,507,431
Commercial	92,050,791

Total real estate held for investment	$ 121,558,222

Other investments and policy loans at amortized cost:
Policy loans	$ 6,424,325
Insurance assignments	35,239,396
Federal Home Loan Bank stock (1)	2,548,700
Other investments	3,497,762
Less: Allowance for doubtful accounts	(1,092,528)

Total policy loans and other investments	$ 46,617,655

Accured investment income	$ 3,566,146

Total investments	$ 595,844,426


(1) Includes $708,700 of Membership stock and $1,840,000 of Activity stock due to short-term borrowings.

AsOfDecember312017

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 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

Other investments and policy loans at amortized cost:
Policy loans	$ 6,531,352
Insurance assignments	36,301,739
Federal Home Loan Bank stock (1)	689,400
Other investments	3,219,622
Less: Allowance for doubtful accounts	(846,641)

Total policy loans and other investments	$ 45,895,472

Accured investment income	$ 3,644,077

Total investments	$ 629,484,618


(1) Membership stock of $689,400