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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $340,262,502 and $236,303,310 for 2022 and 2021) $ 320,806,385 $ 259,287,603
Equity securities at estimated fair value (cost of $9,792,380 and $8,275,772 for 2022 and 2021) 10,371,032 11,596,414
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021) 320,563,600 277,306,046
Real estate held for investment (net of accumulated depreciation of $22,293,450 and $17,692,038 for 2022 and 2021) 196,077,537 197,365,797
Real estate held for sale 151,553 3,731,300
Other investments and policy loans (net of allowances for doubtful accounts of $1,736,761 and $1,686,218 for 2022 and 2021) 65,613,561 67,955,155
Accrued investment income 10,844,025 6,313,012
Total investments 924,427,693 823,555,327
Cash and cash equivalents 84,947,720 131,354,470
Loans held for sale at estimated fair value 161,981,923 302,776,827
Receivables (net of allowances for doubtful accounts of $1,660,221 and $1,800,725 for 2022 and 2021) 17,033,643 18,316,116
Restricted assets (including $5,730,936 and $5,205,510 for 2022 and 2021 at estimated fair value) 16,364,853 16,938,122
Cemetery perpetual care trust investments (including $3,440,102 and $4,087,245 for 2022 and 2021 at estimated fair value) 6,831,411 7,835,721
Receivable from reinsurers 14,693,234 14,850,608
Cemetery land and improvements 9,095,125 8,977,877
Deferred policy and pre-need contract acquisition costs 107,656,401 105,049,983
Mortgage servicing rights, net 54,379,245 53,060,455
Property and equipment, net 20,569,638 21,517,598
Value of business acquired 10,208,715 8,421,432
Goodwill 5,253,783 5,253,783
Other 26,630,483 29,684,987
Total Assets 1,460,073,867 1,547,593,306
Liabilities    
Future policy benefits and unpaid claims 881,916,853 863,274,693
Unearned premium reserve 2,880,970 3,060,738
Bank and other loans payable 201,479,763 251,286,927
Deferred pre-need cemetery and mortuary contract revenues 15,873,046 14,508,022
Cemetery perpetual care obligation 5,041,728 4,915,285
Accounts payable 4,860,801 10,166,573
Other liabilities and accrued expenses 55,985,770 69,578,138
Income taxes 23,173,059 31,036,096
Total liabilities 1,191,211,990 1,247,826,472
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 64,840,595 57,985,947
Accumulated other comprehensive income (loss), net of taxes (15,071,680) 18,070,448
Retained earnings 180,919,986 184,537,489
Treasury stock at cost - 599,219 Class A shares and 34,016 Class C shares in 2022; and 108,079 Class A shares and 109,193 Class C shares in 2021 (5,041,822) (1,845,624)
Total stockholders’ equity 268,861,877 299,766,834
Total Liabilities and Stockholders’ Equity 1,460,073,867 1,547,593,306
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 37,435,080 35,285,444
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value
Common Class C [Member]    
Stockholders’ Equity    
Common stock, value $ 5,779,718 $ 5,733,130