XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.2.2
Schedule of Investments (Details) - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Marketable Securities [Line Items]      
Available for sale securities, amortized cost $ 340,262,502 $ 236,303,310  
Available for sale securities, unrecognized holding gain 1,650,324 23,501,282  
Available for sale securities, unrecognized holding loss (21,106,441) (516,989)  
Available for sale securities, estimated fair value 320,806,385 259,287,603  
Available-for-sale securities, amortized cost basis 9,792,380 8,275,772  
Available-for-sale securities, gross unrealized gain 10,371,032 11,596,414  
Mortgage loans on real estate and construction 324,316,457 280,334,517  
Mortgage loans on real estate and construction, unamortized deferred loan fees, net (1,730,306) (918,586)  
Mortgage loans on real estate and construction, allowance for losses (1,675,015) (1,699,902) $ (2,005,127)
Mortgage loans on real estate and construction, discount (347,536) (409,983)  
Mortgage loans on real estate and construction 320,563,600 277,306,046  
Real estate held for investment, net of depreciation 196,077,537 197,365,797  
Real estate held for sale 151,553 3,731,300  
Policy loans 13,066,150 13,478,214  
Insurance assignments 42,614,272 48,632,808  
Federal home loan bank stock 2,588,400 [1] 2,547,100 [2]  
Other investments 9,081,500 4,983,251  
Allowance for doubtful accounts (1,736,761) (1,686,218)  
Total policy loans and other investments 65,613,561 67,955,155  
Accrued investment income 10,844,025 6,313,012  
Total investments 924,427,693 823,555,327  
US Treasury Securities [Member]      
Marketable Securities [Line Items]      
Available for sale securities, amortized cost 92,703,449 22,307,736  
Available for sale securities, unrecognized holding gain 40,553 578,567  
Available for sale securities, unrecognized holding loss (2,712,674)  
Available for sale securities, estimated fair value 90,031,328 22,886,303  
US States and Political Subdivisions Debt Securities [Member]      
Marketable Securities [Line Items]      
Available for sale securities, amortized cost 6,967,633 4,649,917  
Available for sale securities, unrecognized holding gain 68,118 212,803  
Available for sale securities, unrecognized holding loss (357,711) (1,989)  
Available for sale securities, estimated fair value 6,678,040 4,860,731  
Corporate Debt Securities [Member]      
Marketable Securities [Line Items]      
Available for sale securities, amortized cost 207,475,636 174,711,061  
Available for sale securities, unrecognized holding gain 1,360,888 21,791,370  
Available for sale securities, unrecognized holding loss (14,314,429) (353,668)  
Available for sale securities, estimated fair value 194,522,095 196,148,763  
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]      
Marketable Securities [Line Items]      
Available for sale securities, amortized cost 32,865,784 34,365,382  
Available for sale securities, unrecognized holding gain 170,765 905,159  
Available for sale securities, unrecognized holding loss (3,721,627) (161,332)  
Available for sale securities, estimated fair value 29,314,922 35,109,209  
Redeemable Preferred Stock [Member]      
Marketable Securities [Line Items]      
Available for sale securities, amortized cost 250,000 269,214  
Available for sale securities, unrecognized holding gain 10,000 13,383  
Available for sale securities, unrecognized holding loss  
Available for sale securities, estimated fair value 260,000 282,597  
Industrial Miscellaneous And All Other [Member]      
Marketable Securities [Line Items]      
Available-for-sale securities, amortized cost basis 9,792,380 8,275,772  
Available for sale securities, unrecognized holding gain 1,871,973 3,626,444  
Available for sale securities, unrecognized holding loss (1,293,321) (305,802)  
Available-for-sale securities, gross unrealized gain 10,371,032 11,596,414  
Equity Securities One [Member]      
Marketable Securities [Line Items]      
Available-for-sale securities, amortized cost basis 9,792,380 8,275,772  
Available for sale securities, unrecognized holding gain 1,871,973 3,626,444  
Available for sale securities, unrecognized holding loss (1,293,321) (305,802)  
Available-for-sale securities, gross unrealized gain 10,371,032 11,596,414  
Residential Mortgage [Member]      
Marketable Securities [Line Items]      
Mortgage loans on real estate and construction 89,281,273 53,533,712  
Mortgage loans on real estate and construction, unamortized deferred loan fees, net (1,132,024) (498,600)  
Mortgage loans on real estate and construction, allowance for losses (1,444,684) (1,469,571) (1,774,796)
Mortgage loans on real estate and construction, discount (112,978) (169,369)  
Mortgage loans on real estate and construction 86,591,587 51,396,172  
Real estate held for investment, net of depreciation 38,506,725 41,972,462  
Real estate held for sale   1,190,602  
Residential Construction [Member]      
Marketable Securities [Line Items]      
Mortgage loans on real estate and construction 201,685,076 175,117,783  
Mortgage loans on real estate and construction, unamortized deferred loan fees, net (513,890) (383,173)  
Mortgage loans on real estate and construction, allowance for losses (43,202) (43,202) $ (43,202)
Mortgage loans on real estate and construction, discount  
Mortgage loans on real estate and construction 201,127,984 174,691,408  
Commercial [Member]      
Marketable Securities [Line Items]      
Mortgage loans on real estate and construction 33,350,108 51,683,022  
Real estate held for investment, net of depreciation 157,570,812 155,393,335  
Real estate held for sale $ 151,553 $ 2,540,698  
[1] Includes $933,300 of Membership stock and $1,655,100 of Activity stock due to short-term borrowings and letters of credit.
[2] Includes $905,700 of Membership stock and $1,641,400 of Activity stock due to short-term advances and letters of credit.