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7) Business Segments Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Table Text Block Supplement [Abstract] |
Schedule of Revenues and Expenses by Reportable Segment | The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported.
|  | Life Insurance |  | Cemetery/ Mortuary |  | Mortgage |  | Intercompany Eliminations |  | Consolidated
For the Three Months Ended |  |  |  |  |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 37,788,593 |  | $ 5,306,305 |  | $ 75,566,844 |  | $ - |  | $ 118,661,742
Intersegment revenues |  | 1,816,185 |  | 89,799 |  | 190,701 |  | (2,096,685) |  | -
Segment profit before income taxes |  | 3,670,369 |  | 1,548,452 |  | 21,974,935 |  | - |  | 27,193,756
For the Three Months Ended |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 28,607,056 |  | $ 4,543,007 |  | $ 35,295,119 |  | $ - |  | $ 68,445,182
Intersegment revenues |  | 1,080,347 |  | 113,622 |  | 124,921 |  | (1,318,890) |  | -
Segment profit before income taxes |  | 1,219,001 |  | 1,023,782 |  | 2,381,060 |  | - |  | 4,623,843
For the Six Months Ended |  |  |  |  |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 70,994,355 |  | $ 9,320,001 |  | $ 117,956,335 |  | $ - |  | $ 198,270,691
Intersegment revenues |  | 2,724,353 |  | 193,313 |  | 391,033 |  | (3,308,699) |  | -
Segment profit before income taxes |  | 601,202 |  | 1,653,253 |  | 26,413,535 |  | - |  | 28,667,990
Identifiable Assets |  | 1,206,815,231 |  | 75,048,428 |  | 346,286,603 |  | (110,608,108) |  | 1,517,542,154
Goodwill |  | 2,765,570 |  | 754,018 |  | - |  | - |  | 3,519,588
Total Assets |  | 1,209,580,801 |  | 75,802,446 |  | 346,286,603 |  | (110,608,108) |  | 1,521,061,742
For the Six Months Ended |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ 59,112,424 |  | $ 8,902,292 |  | $ 61,924,301 |  | $ - |  | $ 129,939,017
Intersegment revenues |  | 1,975,719 |  | 230,273 |  | 251,279 |  | (2,457,271) |  | -
Segment profit before income taxes |  | 3,304,342 |  | 2,208,647 |  | 1,543,013 |  | - |  | 7,056,002
Identifiable Assets |  | 929,442,236 |  | 87,450,987 |  | 202,723,000 |  | (116,673,063) |  | 1,102,943,160
Goodwill |  | 2,765,570 |  | 754,018 |  | - |  | - |  | 3,519,588
Total Assets |  | 932,207,806 |  | 88,205,005 |  | 202,723,000 |  | (116,673,063) |  | 1,106,462,748

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