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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at estimated fair value $ 344,917,387 $ 355,977,820
Equity securities at estimated fair value 11,215,606 7,271,165
Mortgage loans held for investment (net of allowances for loan losses of $2,046,481 and $1,453,037 for 2020 and 2019) 245,609,527 236,694,546
Real estate held for investment (net of accumulated depreciation of $13,497,759 and $12,788,739 for 2020 and 2019) 123,002,683 102,756,946
Real estate held for sale 7,990,181 14,097,627
Other investments and policy loans (net of allowances for doubtful accounts of $1,602,483 and $1,448,026 for 2020 and 2019) 68,008,150 60,245,269
Accrued investment income 5,712,998 4,833,232
Total investments 806,456,532 781,876,605
Cash and cash equivalents 151,686,960 127,754,719
Loans held for sale at estimated fair value 445,878,979 213,457,632
Receivables (net of allowances for doubtful accounts of $1,698,836 10,423,683 9,236,330
Restricted assets (including $3,663,945 and $2,985,347 for 2020 and 2019 at estimated fair value) 16,242,387 13,935,317
Cemetery perpetual care trust investments (including $2,408,995 and $2,581,124 for 2020 and 2019 at estimated fair value) 5,387,732 4,411,864
Receivable from reinsurers 15,849,961 15,747,768
Cemetery land and improvements 9,117,882 9,519,950
Deferred plicy and pre-need contract acquisition costs 98,432,491 94,701,920
Mortgage servicing rights, net 28,387,476 17,155,529
Property and equipment, net 12,636,951 14,600,394
Value of business acquired 9,188,492 9,876,647
Goodwill 3,519,588 3,519,588
Other 33,988,873 18,649,812
Total Assets 1,647,197,987 1,334,444,075
Liabilities    
Future policy benefits and unpaid claims 840,604,906 825,600,918
Unearned premium reserve 3,404,592 3,621,697
Bank and other loans payable 424,932,007 217,572,612
Deferred pre-need cemetery and mortuary contract revenues 13,045,307 12,607,978
Cemetery Perpetual Care Trust Obligation 4,038,169 3,933,719
Accounts payable 5,185,265 5,056,983
Other liabilities and accrued expenses 68,639,787 50,652,591
Income Taxes 31,301,997 18,686,972
Total liabilities 1,391,152,030 1,137,733,470
Stockholders' Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 49,355,124 46,091,112
Accumulated other comprehensive income, net of taxes 19,909,604 13,726,514
Retained earnings 149,428,819 101,256,229
Treasury stock at cost - 189,390 Class A shares in 2020 and 490,823 Class A shares in 2019 (866,330) (1,580,582)
Total stockholders' equity 256,045,957 196,710,605
Total Liabilities and Stockholders' Equity 1,647,197,987 1,334,444,075
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 33,119,974 32,215,558
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Common Class C    
Stockholders' Equity    
Common Stock, Value, Issued $ 5,098,766 $ 5,001,774