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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $362,750,511 and $236,303,310 for 2022 and 2021) $ 345,858,492 $ 259,287,603
Equity securities at estimated fair value (cost of $9,942,265 and $8,275,772 for 2022 and 2021) 11,682,526 11,596,414
Mortgage loans held for investment (net of allowances for loan losses of $1,970,311 and $1,699,902 for 2022 and 2021) 308,123,927 277,306,046
Real estate held for investment (net of accumulated depreciation of $23,793,204 and $17,692,038 for 2022 and 2021) 191,328,616 197,365,797
Real estate held for sale 11,161,582 3,731,300
Other investments and policy loans (net of allowances for doubtful accounts of $1,609,951 and $1,686,218 for 2022 and 2021) 70,508,156 67,955,155
Accrued investment income 10,299,826 6,313,012
Total investments 948,963,125 823,555,327
Cash and cash equivalents 120,919,805 131,354,470
Loans held for sale at estimated fair value 141,179,620 302,776,827
Receivables (net of allowances for doubtful accounts of $2,229,791 and $1,800,725 for 2022 and 2021) 28,573,092 18,316,116
Restricted assets (including $6,565,552 and $5,205,510 for 2022 and 2021 at estimated fair value) 18,935,055 16,938,122
Cemetery perpetual care trust investments (including $3,859,893 and $4,087,245 for 2022 and 2021 at estimated fair value) 7,276,210 7,835,721
Receivable from reinsurers 15,033,938 14,850,608
Cemetery land and improvements 9,101,474 8,977,877
Deferred policy and pre-need contract acquisition costs 108,655,128 105,049,983
Mortgage servicing rights, net 3,039,765 53,060,455
Property and equipment, net 20,579,649 21,517,598
Value of business acquired 9,803,736 8,421,432
Goodwill 5,253,783 5,253,783
Other 23,798,512 29,684,987
Total Assets 1,461,112,892 1,547,593,306
Liabilities    
Future policy benefits and unpaid claims 889,327,303 863,274,693
Unearned premium reserve 2,773,616 3,060,738
Bank and other loans payable 161,712,804 251,286,927
Deferred pre-need cemetery and mortuary contract revenues 16,226,836 14,508,022
Cemetery perpetual care obligation 5,099,542 4,915,285
Accounts payable 5,361,449 10,166,573
Other liabilities and accrued expenses 57,113,888 69,578,138
Income taxes 30,710,527 31,036,096
Total liabilities 1,168,325,965 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 64,767,769 57,985,947
Accumulated other comprehensive income (loss), net of taxes (13,070,277) 18,070,448
Retained earnings 202,160,306 184,537,489
Treasury stock, at cost - 525,870 Class A shares and 109,193 Class C shares in 2022; 34,016 Class A shares and 109,193 Class C shares in 2021 (4,366,651) (1,845,624)
Total stockholders’ equity 292,786,927 299,766,834
Total Liabilities and Stockholders’ Equity 1,461,112,892 1,547,593,306
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 37,516,062 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