XML 17 R50.htm IDEA: XBRL DOCUMENT
v3.19.3

8) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
As of June 30, 2019 |
Schedule of Financial Instruments Carried at Other Than Fair Value |
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity | $ 239,749,797 |  | $ - |  | $ 253,688,345 |  | $ 3,749,490 |  | $ 257,437,835
Mortgage loans held for investment: |  |  |  |  |  |  |  |  |
Residential | 78,144,568 |  | - |  | - |  | 82,208,452 |  | 82,208,452
Residential construction | 91,837,299 |  | - |  | - |  | 91,837,299 |  | 91,837,299
Commercial | 26,527,036 |  | - |  | - |  | 27,156,433 |  | 27,156,433
Mortgage loans held for investment, net | $ 196,508,903 |  | $ - |  | $ - |  | $ 201,202,184 |  | $ 201,202,184
Policy loans | 6,344,074 |  | - |  | - |  | 6,344,074 |  | 6,344,074
Insurance assignments, net (1) | 32,909,498 |  | - |  | - |  | 32,909,498 |  | 32,909,498
Restricted assets (2) | 976,869 |  | - |  | 1,010,581 |  | - |  | 1,010,581
Restricted assets (3) | 2,265,669 |  | - |  | - |  | 2,259,287 |  | 2,259,287
Cemetery perpetual care trust investments (2) | 978,913 |  | - |  | 1,010,634 |  | - |  | 1,010,634
Mortgage servicing rights, net | 16,951,124 |  | - |  | - |  | 20,216,363 |  | 20,216,363
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (261,034,322) |  | $ - |  | $ - |  | $ (261,034,322) |  | $ (261,034,322)
Policyholder account balances (4) | (45,480,785) |  | - |  | - |  | (36,775,860) |  | (36,775,860)
Future policy benefits - annuities (4) | (96,259,449) |  | - |  | - |  | (96,537,956) |  | (96,537,956)
(1) Included in other investments and policy loans on the condensed consolidated balance sheet. |  |  |  |
(2) Fixed maturity securities held to maturity |  |  |  |  |  |  |  |  |
(3) Mortgage loans held for investment |  |  |  |  |  |  |  |  |
(4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. |  |
As of December 2018 |
Schedule of Financial Instruments Carried at Other Than Fair Value |
| Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |
Fixed maturity securities held to maturity | $ 232,078,723 |  | $ - |  | $ 229,668,844 |  | $ 5,082,014 |  | $ 234,750,858
Mortgage loans held for investment: |  |  |  |  |  |  |  |  |
Residential | 87,947,566 |  | - |  | - |  | 92,503,553 |  | 92,503,553
Residential construction | 70,886,702 |  | - |  | - |  | 70,886,702 |  | 70,886,702
Commercial | 27,630,801 |  | - |  | - |  | 28,359,205 |  | 28,359,205
Mortgage loans held for investment, net | $ 186,465,069 |  | $ - |  | $ - |  | $ 191,749,460 |  | $ 191,749,460
Policy loans | 6,424,325 |  | - |  | - |  | 6,424,325 |  | 6,424,325
Insurance assignments, net (1) | 34,146,868 |  | - |  | - |  | 34,146,868 |  | 34,146,868
Restricted assets (2) | 1,258,397 |  | - |  | 1,271,687 |  | - |  | 1,271,687
Restricted assets (3) | 1,799,268 |  | - |  | - |  | 1,810,185 |  | 1,810,185
Cemetery perpetual care trust investments (2) | 990,390 |  | - |  | 983,410 |  | - |  | 983,410
Mortgage servicing rights, net | 20,016,822 |  | - |  | - |  | 28,885,316 |  | 28,885,316
Liabilities |  |  |  |  |  |  |  |  |
Bank and other loans payable | $ (187,521,188) |  | $ - |  | $ - |  | $ (187,521,188) |  | $ (187,521,188)
Policyholder account balances (4) | (46,479,853) |  | - |  | - |  | (37,348,289) |  | (37,348,289)
Future policy benefits - annuities (4) | (98,137,615) |  | - |  | - |  | (97,641,146) |  | (97,641,146)
(1) Included in other investments and policy loans on the condensed consolidated balance sheet. |  |  |  |
(2) Fixed maturity securities held to maturity |  |  |  |  |  |  |  |  |
(3) Participation in mortgage loans held for investment (commercial) |  |  |  |  |  |
(4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. |  |  |

X
- Definition Represents the textual narrative disclosure of Schedule of Financial Instruments Carried at Other Than Fair Value, during the indicated time period. + References No definition available. + Details
Name: | fil_ScheduleOfFinancialInstrumentsCarriedAtOtherThanFairValueTextBlock
Namespace Prefix: | fil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_StatementScenarioAxis=fil_AsOfJune302019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=fil_AsOfDecember2018Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |