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7) Bank and Other Loans Payable (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Bank Loans Payable | Bank and other loans payable are summarized as follows:
|  | December 31
|  | 2020 |  | 2019
2.25% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate note payable in monthly principal payments of $13,167 plus interest, collateralized by real property, paid in full November 2020. |  | $ - |  | $ 2,659,769
4.27% fixed note payable in monthly installments of $53,881 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2021. |  | 633,890 |  | 1,238,619
Prime rate note payable in monthly installments of $75,108 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2024. |  | 3,257,113 |  | 4,000,000
4.40% fixed note payable in monthly installments of $46,825 including principal and interest, collateralized by real property, paid in full April 2020. |  | - |  | 7,247,651
4.329% fixed note payable in monthly installments of $9,775 including principal and interest, collateralized by real property with a book value of approximately $3,174,000, due September 2025. |  | 1,861,920 |  | 1,896,450
2.5% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate construction loan payable in monthly principal payments of $113,000 plus interest, collateralized by real property with a book value of approximately $50,689,000, due March 2021. |  | 35,091,364 |  | 33,811,559
4.7865% fixed interest only note payable in monthly installments, collateralized by real property with a book value of approximately $17,655,000, due June 2028. |  | 9,200,000 |  | 9,200,000
1 month LIBOR rate plus 2.1% loan purchase agreement with a warehouse line availability of $150,000,000, matures June 2021. |  | 116,598,834 |  | 88,509,536
1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $175,000,000, matures November 2021. |  | 68,766,572 |  | 67,537,600
1 month LIBOR rate plus 2.5% loan purchase agreement with a warehouse line availability of $90,000,000, matures May 2021. |  | 60,715,374 |  | -
1 month LIBOR rate plus 2.5% loan purchase agreement with a warehouse line availability of $5,000,000, matures August 2021. |  | 317,582 |  | -
Other short-term borrowings (1) |  | 1,250,000 |  | 1,250,000
Finance lease liabilities |  | 104,951 |  | 153,439
Other loans payable |  | 26,768 |  | 67,989
Total bank and other loans |  | 297,824,368 |  | 217,572,612
Less current installments |  | 284,250,996 |  | 192,985,602
Bank and other loans, excluding current installments |  | $ 13,573,372 |  | $ 24,587,010
(1) Revolving Line of Credit |  |  |  |
Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable | The following tabulation shows the combined maturities of bank and other loans payable:
2021 | $ 284,242,327
2022 | 884,383
2023 | 926,186
2024 | 937,315
2025 | 1,634,157
Thereafter | 9,200,000
Total | $ 297,824,368

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