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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $360,599,601 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $394,260 and $314,549 for 2024 and 2023, respectively) $ 349,358,027 $ 381,535,986
Equity securities at estimated fair value (cost of $11,266,705 and $10,571,505 for 2024 and 2023, respectively) 15,019,179 13,636,071
Mortgage loans held for investment (net of allowance for credit losses of $2,853,852 and $3,818,653 for 2024 and 2023, respectively) 284,343,531 275,616,837
Real estate held for investment (net of accumulated depreciation of $28,582,113 and $29,307,791 for 2024 and 2023, respectively) 188,320,653 183,419,292
Real estate held for sale 1,010,530 3,028,973
Other investments and policy loans (net of allowance for credit losses of $1,535,324 and $1,553,836 for 2024 and 2023, respectively) 72,520,587 69,404,617
Accrued investment income 8,838,006 10,170,790
Total investments 919,410,513 936,812,566
Cash and cash equivalents 143,632,984 126,941,658
Loans held for sale at estimated fair value 150,196,416 126,549,190
Receivables (net of allowance for credit losses of $1,770,911 and $1,897,887 for 2024 and 2023, respectively) 13,962,320 15,335,315
Restricted assets (including $10,107,237 and $9,239,063 for 2024 and 2023 respectively, at estimated fair value) 22,600,416 20,028,976
Cemetery perpetual care trust investments (including $5,197,829 and $4,969,005 for 2024 and 2023, respectively, at estimated fair value) 8,452,082 8,082,917
Receivable from reinsurers 14,443,938 14,857,059
Cemetery land and improvements 9,546,015 9,163,691
Deferred policy and pre-need contract acquisition costs 119,038,952 116,351,067
Mortgage servicing rights, net 3,172,109 3,461,146
Property and equipment, net 18,048,120 19,175,099
Value of business acquired 8,076,263 8,467,613
Goodwill 5,253,783 5,253,783
Other 24,890,610 20,072,195
Total Assets 1,460,724,521 1,430,552,275
Liabilities    
Future policy benefits and unpaid claims 931,047,632 916,038,616
Unearned premium reserve 2,441,180 2,543,822
Bank and other loans payable 103,540,666 105,555,137
Deferred pre-need cemetery and mortuary contract revenues 18,917,596 18,237,246
Cemetery perpetual care obligation 5,487,676 5,326,196
Accounts payable 3,295,434 2,936,968
Other liabilities and accrued expenses 55,612,594 53,266,090
Income taxes 14,615,750 13,752,981
Total liabilities 1,134,958,528 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 78,752,885 72,424,429
Accumulated other comprehensive loss, net of taxes (8,297,785) (6,885,558)
Retained earnings 213,570,620 206,978,373
Treasury stock at cost - 966,102 Class A shares and 37,503 Class C shares as of June 30, 2024; and 806,311 Class A shares and 35,717 Class C shares as of December 31, 2023 (6,671,931) (5,661,737)
Total stockholders’ equity 325,765,993 312,895,219
Total Liabilities and Stockholders’ Equity 1,460,724,521 1,430,552,275
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 42,171,872 40,096,004
Common Class B [Member]    
Stockholders’ Equity    
Common stock value
Common Class C [Member]    
Stockholders’ Equity    
Common stock value $ 6,240,332 $ 5,943,708