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Bank and Other Loans Payable (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Bank Loans Payable

Bank and other loans payable are summarized as follows:

 

   December 31 
   2021   2020 
        
         
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, paid in full December 2021.   -    633,890 
           
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.   2,481,878    3,257,113 
           
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 $3,103,000, due September 2025.   1,825,608    1,861,920 
           
4.00% variable with LIBOR at a 1% floor and a spread at 3% rate construction loan collateralized by real property with a book value of approximately $64,730,000, due March 2024.   34,547,181    - 
           
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 $49,118,000, paid in full March 2021.   -    35,091,364 
           
3.30% fixed note payable in monthly installments of $179,562 including principal and interest, collateralized by real property with a book value of approximately $49,118,000, due April 2051.   40,090,359    - 
           
4.7865% fixed interest only note payable in monthly installments, collateralized by real property with a book value of approximately $17,301,000, 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 $100,000,000, matures June 2022.   66,305,025    116,598,834 
           
1 month LIBOR rate plus 2% loan purchase agreement with a warehouse line availability of $100,000,000, matures August 2022.   50,555,909    68,766,572 
           
1 month LIBOR rate plus 2.15% loan purchase agreement with a warehouse line availability of $75,000,000, matures May 2022.   43,196,986    60,715,374 
           
1 month LIBOR rate plus 2.0% loan purchase agreement with a warehouse line availability of $100,000,000, matures June 2022.   1,764,386    - 
           
1 month LIBOR rate plus 2.5% loan purchase agreement with a warehouse line availability of $5,000,000, matured August 2021.   -    317,582 
           
Other short-term borrowings (1)   1,250,000    1,250,000 
           
Finance lease liabilities   62,767    104,951 
           
Other loans payable   6,828    26,768 
Total bank and other loans   251,286,927    297,824,368 
           
Less current installments   164,747,672    284,250,996 
Bank and other loans, excluding current installments  $86,539,255   $13,573,372 
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:

 

2022  $164,747,672 
2023   1,745,541 
2024   36,333,278 
2025   2,512,683 
2026   735,981 
Thereafter   45,211,772 
Total  $251,286,927