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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $256,894,421 and $265,150,484 for 2021 and 2020) $ 279,550,528 $ 294,656,679
Equity securities at estimated fair value (cost of $8,913,275 and $9,698,490 for 2021 and 2020) 11,154,495 11,324,239
Mortgage loans held for investment (net of allowances for loan losses of $1,897,155 and $2,005,127 for 2021 and 2020) 244,951,952 249,343,936
Real estate held for investment (net of accumulated depreciation of $14,473,417 and $13,800,973 for 2021 and 2020) 157,040,536 131,684,453
Real estate held for sale 5,556,866 7,878,807
Other investments and policy loans (net of allowances for doubtful accounts of $1,662,394 and $1,645,475 for 2021 and 2020) 74,690,150 73,696,661
Accrued investment income 6,266,403 5,360,523
Total investments 779,210,930 773,945,298
Cash and cash equivalents 144,159,566 106,219,429
Loans held for sale at estimated fair value 304,030,372 422,772,418
Receivables (net of allowances for doubtful accounts of $1,698,691 and $1,685,382 for 2021 and 2020) 13,970,177 10,899,207
Restricted assets (including $4,160,721 and $3,989,415 for 2021 and 2020 at estimated fair value) 16,494,477 16,150,036
Cemetery perpetual care trust investments (including $2,947,117 and $2,810,070 for 2021 and 2020 at estimated fair value) 6,602,118 6,413,167
Receivable from reinsurers 15,836,062 15,569,156
Cemetery land and improvements 8,524,629 8,761,436
Deferred policy and pre-need contract acquisition costs 101,695,734 100,075,276
Mortgage servicing rights, net 42,779,361 35,210,516
Property and equipment, net 14,836,721 12,473,345
Value of business acquired 8,748,055 8,955,249
Goodwill 3,519,588 3,519,588
Other 27,819,736 27,976,357
Total Assets 1,488,227,526 1,548,940,478
Liabilities    
Future policy benefits and unpaid claims 846,737,059 844,790,087
Unearned premium reserve 3,265,505 3,328,623
Bank and other loans payable 245,973,378 297,824,368
Deferred pre-need cemetery and mortuary contract revenues 13,514,055 13,080,179
Cemetery Perpetual Care Trust Obligation 4,130,579 4,087,704
Accounts payable 10,404,210 8,932,683
Other liabilities and accrued expenses 64,282,931 87,650,981
Income Taxes 28,051,968 25,258,800
Total liabilities 1,216,359,685 1,284,953,425
Stockholders' Equity    
Additional paid-in capital 50,650,188 50,287,253
Accumulated other comprehensive income, net of taxes 17,854,611 23,243,133
Retained earnings 165,867,882 153,739,167
Treasury stock at cost - 77,825 Class A shares and 56,276 Class C shares in 2021; and 227,852 Class A shares and 10,985 Class C shares in 2020 (1,111,464) (1,833,272)
Total stockholders' equity 271,867,841 263,987,053
Total Liabilities and Stockholders' Equity 1,488,227,526 1,548,940,478
Common Class A    
Stockholders' Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Common Stock, Value, Issued 33,344,472 33,191,566
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued
Common Class C    
Stockholders' Equity    
Common Stock, Value, Issued $ 5,262,152 $ 5,359,206