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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $386,405,977 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $410,549 and $314,549 for 2024 and 2023, respectively) $ 375,833,407 $ 381,535,986
Equity securities at estimated fair value (cost of $11,160,744 and $10,571,505 for 2024 and 2023, respectively) 15,161,999 13,636,071
Mortgage loans held for investment (net of allowance for credit losses of $2,921,614 and $3,818,653 for 2024 and 2023, respectively) 268,636,784 275,616,837
Real estate held for investment (net of accumulated depreciation of $27,161,160 and $29,307,791 for 2024 and 2023, respectively) 183,562,322 183,419,292
Real estate held for sale 13,122,924 3,028,973
Other investments and policy loans (net of allowance for credit losses of $1,587,525 and $1,553,836 for 2024 and 2023, respectively) 70,510,984 69,404,617
Accrued investment income 8,961,065 10,170,790
Total investments 935,789,485 936,812,566
Cash and cash equivalents 150,930,786 126,941,658
Loans held for sale at estimated fair value 112,678,958 126,549,190
Receivables (net of allowance for credit losses of $1,755,553 and $1,897,887 for 2024 and 2023, respectively) 16,875,546 15,335,315
Restricted assets (including $10,083,226 and $9,239,063 for 2024 and 2023 respectively, at estimated fair value) 20,878,561 20,028,976
Cemetery perpetual care trust investments (including $5,217,068 and $4,969,005 for 2024 and 2023, respectively, at estimated fair value) 8,368,975 8,082,917
Receivable from reinsurers 14,726,731 14,857,059
Cemetery land and improvements 9,557,577 9,163,691
Deferred policy and pre-need contract acquisition costs 118,117,308 116,351,067
Mortgage servicing rights, net 3,318,155 3,461,146
Property and equipment, net 18,806,536 19,175,099
Value of business acquired 8,457,054 8,467,613
Goodwill 5,253,783 5,253,783
Other 22,742,841 20,072,195
Total Assets 1,446,502,296 1,430,552,275
Liabilities    
Future policy benefits and unpaid claims 923,292,031 916,038,616
Unearned premium reserve 2,491,281 2,543,822
Bank and other loans payable 104,335,116 105,555,137
Deferred pre-need cemetery and mortuary contract revenues 18,501,474 18,237,246
Cemetery perpetual care obligation 5,384,115 5,326,196
Accounts payable 3,560,096 2,936,968
Other liabilities and accrued expenses 53,175,654 53,266,090
Income taxes 15,658,555 13,752,981
Total liabilities 1,126,398,322 1,117,657,056
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 72,727,294 72,424,429
Accumulated other comprehensive loss, net of taxes (7,780,656) (6,885,558)
Retained earnings 214,452,895 206,978,373
Treasury stock at cost - 756,386 Class A shares and 35,717 Class C shares as of March 31, 2024; and 806,311 Class A shares and 35,717 Class C shares as of December 31, 2023 (5,336,081) (5,661,737)
Total stockholders’ equity 320,103,974 312,895,219
Total Liabilities and Stockholders’ Equity 1,446,502,296 1,430,552,275
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 40,097,162 40,096,004
Common Class B [Member]    
Stockholders’ Equity    
Common stock value
Common Class C [Member]    
Stockholders’ Equity    
Common stock value $ 5,943,360 $ 5,943,708