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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020) $ 259,287,603 $ 294,656,679
Equity securities at estimated fair value (cost of $8,275,772 and $9,698,490 for 2021 and 2020) 11,596,414 11,324,239
Mortgage loans held for investment (net of allowances for loan losses of $1,699,902 and $2,005,127 for 2021 and 2020) 277,306,046 249,343,936
Real estate held for investment (net of accumulated depreciation of $17,692,038 and $13,800,973 for 2021 and 2020) 197,365,797 131,684,453
Real estate held for sale 3,731,300 7,878,807
Other investments and policy loans (net of allowances for doubtful accounts of $1,686,218 and $1,645,475 for 2021 and 2020) 67,955,155 73,696,661
Accrued investment income 6,313,012 5,360,523
Total investments 823,555,327 773,945,298
Cash and cash equivalents 131,354,470 106,219,429
Loans held for sale at estimated fair value 302,776,827 422,772,418
Receivables (net of allowances for doubtful accounts of $1,800,725 and $1,685,382 for 2021 and 2020) 18,316,116 10,899,207
Restricted assets (including $5,205,510 and $3,989,415 for 2021 and 2020 at estimated fair value) 16,938,122 16,150,036
Cemetery perpetual care trust investments (including $4,087,245 and $2,810,070 for 2021 and 2020 at estimated fair value) 7,835,721 6,413,167
Receivable from reinsurers 14,850,608 15,569,156
Cemetery land and improvements 8,977,877 8,761,436
Deferred policy and pre-need contract acquisition costs 105,049,983 100,075,276
Mortgage servicing rights, net 53,060,455 35,210,516
Property and equipment, net 21,517,598 12,473,345
Value of business acquired 8,421,432 8,955,249
Goodwill 5,253,783 3,519,588
Other 29,684,987 27,976,357
Total Assets 1,547,593,306 1,548,940,478
Liabilities    
Future policy benefits and unpaid claims 863,274,693 844,790,087
Unearned premium reserve 3,060,738 3,328,623
Bank and other loans payable 251,286,927 297,824,368
Deferred pre-need cemetery and mortuary contract revenues 14,508,022 13,080,179
Cemetery perpetual care obligation 4,915,285 4,087,704
Accounts payable 10,166,573 8,932,683
Other liabilities and accrued expenses 69,578,138 87,650,981
Income taxes 31,036,096 25,258,800
Total liabilities 1,247,826,472 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 57,985,947 50,287,253
Accumulated other comprehensive income, net of taxes 18,070,448 23,243,133
Retained earnings 184,537,489 153,739,167
Treasury stock, at cost - 108,079 Class A shares and 109,193 Class C shares in 2021; 227,852 Class A shares and 10,985 Class C shares in 2020 (1,845,624) (1,833,272)
Total stockholders’ equity 299,766,834 263,987,053
Total Liabilities and Stockholders’ Equity 1,547,593,306 1,548,940,478
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 35,285,444 33,191,566
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value
Common Class C [Member]    
Stockholders’ Equity    
Common stock, value $ 5,733,130 $ 5,359,206