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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022) $ 357,570,527 $ 345,858,492
Equity securities at estimated fair value (cost of $10,356,783 and $9,942,265 for 2023 and 2022) 12,354,007 11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022) 286,546,639 308,123,927
Real estate held for investment (net of accumulated depreciation of $25,361,779 and $23,793,204 for 2023 and 2022) 187,077,012 191,328,616
Real estate held for sale 7,390,262 11,161,582
Other investments and policy loans (net of allowance for credit losses of $1,685,901 and $1,609,951 for 2023 and 2022) 70,218,779 70,508,156
Accrued investment income 9,427,239 10,299,826
Total investments 930,584,465 948,963,125
Cash and cash equivalents 99,554,776 120,919,805
Loans held for sale at estimated fair value 173,015,404 141,179,620
Receivables (net of allowance for credit losses of $1,867,124 and $2,229,791 for 2023 and 2022) 16,377,391 28,573,092
Restricted assets (including $6,877,734 and $6,565,552 for 2023 and 2022 at estimated fair value; allowance for credit losses of $5,874 and nil for 2023 and 2022) 19,036,870 18,935,055
Cemetery perpetual care trust investments (including $3,948,380 and $3,859,893 for 2023 and 2022 at estimated fair value; allowance for credit losses of $2,196 and nil for 2023 and 2022) 7,460,412 7,276,210
Receivable from reinsurers 14,900,756 15,033,938
Cemetery land and improvements 9,112,647 9,101,474
Deferred policy and pre-need contract acquisition costs 109,573,473 108,655,128
Mortgage servicing rights, net 3,166,133 3,039,765
Property and equipment, net 20,230,901 20,579,649
Value of business acquired 9,556,967 9,803,736
Goodwill 5,253,783 5,253,783
Other 25,258,452 23,798,512
Total Assets 1,443,082,430 1,461,112,892
Liabilities    
Future policy benefits and unpaid claims 895,198,901 889,327,303
Unearned premium reserve 2,709,534 2,773,616
Bank and other loans payable 138,391,846 161,712,804
Deferred pre-need cemetery and mortuary contract revenues 16,583,024 16,226,836
Cemetery perpetual care obligation 5,143,233 5,099,542
Accounts payable 3,304,415 5,361,449
Other liabilities and accrued expenses 52,558,185 57,113,888
Income taxes 32,159,650 30,710,527
Total liabilities 1,146,048,788 1,168,325,965
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 64,805,874 64,767,769
Accumulated other comprehensive loss, net of taxes (8,942,719) (13,070,277)
Retained earnings 202,728,972 202,160,306
Treasury stock at cost - 612,142 Class A shares and 34,016 Class C shares in 2023; and 525,870 Class A shares and 34,016 Class C shares in 2022 (4,950,357) (4,366,651)
Total stockholders’ equity 297,033,642 292,786,927
Total Liabilities and Stockholders’ Equity 1,443,082,430 1,461,112,892
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 37,614,026 37,516,062
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value
Common Class C [Member]    
Stockholders’ Equity    
Common stock, value $ 5,777,846 $ 5,779,718