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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $238,809,528 and $265,150,484 for 2021 and 2020) $ 264,844,942 $ 294,656,679
Equity securities at estimated fair value (cost of $8,198,282 and $9,698,490 for 2021 and 2020) 10,729,744 11,324,239
Mortgage loans held for investment (net of allowances for loan losses of $1,753,853 and $2,005,127 for 2021 and 2020) 307,390,481 249,343,936
Real estate held for investment (net of accumulated depreciation of $18,908,623 and $13,800,973 for 2021 and 2020) 189,610,360 131,684,453
Real estate held for sale 6,081,155 7,878,807
Other investments and policy loans (net of allowances for doubtful accounts of $1,795,037 and $1,645,475 for 2021 and 2020) 73,615,628 73,696,661
Accrued investment income 5,386,756 5,360,523
Total investments 857,659,066 773,945,298
Cash and cash equivalents 111,498,676 106,219,429
Loans held for sale at estimated fair value 312,655,843 422,772,418
Receivables (net of allowances for doubtful accounts of $1,664,747 and $1,685,382 for 2021 and 2020) 17,158,481 10,899,207
Restricted assets (including $4,596,169 and $3,989,415 for 2021 and 2020 at estimated fair value) 17,448,402 16,150,036
Cemetery perpetual care trust investments (including $3,173,658 and $2,810,070 for 2021 and 2020 at estimated fair value) 6,762,211 6,413,167
Receivable from reinsurers 15,938,343 15,569,156
Cemetery land and improvements 8,432,437 8,761,436
Deferred policy and pre-need contract acquisition costs 104,251,952 100,075,276
Mortgage servicing rights, net 50,360,805 35,210,516
Property and equipment, net 15,200,052 12,473,345
Value of business acquired 9,034,414 8,955,249
Goodwill 3,519,588 3,519,588
Other 28,405,710 27,976,357
Total Assets 1,558,325,980 1,548,940,478
Liabilities    
Future policy benefits and unpaid claims 860,871,187 844,790,087
Unearned premium reserve 3,126,372 3,328,623
Bank and other loans payable 263,186,923 297,824,368
Deferred pre-need cemetery and mortuary contract revenues 14,184,328 13,080,179
Cemetery perpetual care obligation 4,248,379 4,087,704
Accounts payable 13,921,187 8,932,683
Other liabilities and accrued expenses 69,236,255 87,650,981
Income taxes 32,835,181 25,258,800
Total liabilities 1,261,609,812 1,284,953,425
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 57,462,981 50,287,253
Accumulated other comprehensive income, net of taxes 20,473,292 23,243,133
Retained earnings 179,195,423 153,739,167
Treasury stock at cost – 44,145 Class A shares and 95,356 Class C shares in 2021; and 227,852 Class A shares and 10,985 Class C shares in 2020 (1,127,442) (1,833,272)
Total stockholders’ equity 296,716,168 263,987,053
Total Liabilities and Stockholders’ Equity 1,558,325,980 1,548,940,478
Common Class A [Member]    
Stockholders’ Equity    
Common Stock, Value 35,188,096 33,191,566
Common Class B [Member]    
Stockholders’ Equity    
Common Stock, Value
Common Class C [Member]    
Stockholders’ Equity    
Common Stock, Value $ 5,523,818 $ 5,359,206