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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively) $ 346,513,336 $ 381,535,986
Equity securities at estimated fair value (cost of $11,357,095 and $10,571,505 for 2024 and 2023, respectively) 16,385,571 13,636,071
Mortgage loans held for investment (net of allowance for credit losses of $1,579,746 and $3,818,653 for 2024 and 2023, respectively) 281,734,182 275,616,837
Real estate held for investment (net of accumulated depreciation of $30,005,134 and $29,307,791 for 2024 and 2023, respectively) 200,490,556 183,419,292
Real estate held for sale 1,001,453 3,028,973
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively) 70,219,649 69,404,617
Accrued investment income 7,860,824 10,170,790
Total investments 924,205,571 936,812,566
Cash and cash equivalents 170,706,542 126,941,658
Loans held for sale at estimated fair value 142,897,741 126,549,190
Receivables (net of allowance for credit losses of $1,566,150 and $1,897,887 for 2024 and 2023, respectively) 16,451,703 15,335,315
Restricted assets (including $11,608,495 and $9,239,063 for 2024 and 2023 respectively, at estimated fair value) 27,957,336 20,028,976
Cemetery perpetual care trust investments (including $5,844,356 and $4,969,005 for 2024 and 2023, respectively, at estimated fair value) 8,945,781 8,082,917
Receivable from reinsurers 14,299,734 14,857,059
Cemetery land and improvements 9,786,769 9,163,691
Deferred policy and pre-need contract acquisition costs 121,827,365 116,351,067
Mortgage servicing rights, net 3,051,805 3,461,146
Property and equipment, net 17,745,106 19,175,099
Value of business acquired 7,643,791 8,467,613
Goodwill 5,253,783 5,253,783
Other 24,051,168 20,072,195
Total Assets 1,494,824,195 1,430,552,275
Liabilities    
Future policy benefits and unpaid claims 937,811,456 916,038,616
Unearned premium reserve 2,054,164 2,543,822
Bank and other loans payable 106,989,925 105,555,137
Deferred pre-need cemetery and mortuary contract revenues 19,493,005 18,237,246
Cemetery perpetual care obligation 5,565,003 5,326,196
Accounts payable 3,245,452 2,936,968
Other liabilities and accrued expenses 56,994,869 53,266,090
Income taxes 16,348,255 13,752,981
Total liabilities 1,148,502,129 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 78,977,933 72,424,429
Accumulated other comprehensive loss, net of taxes (42,545) (6,885,558)
Retained earnings 225,400,933 206,978,373
Treasury stock at cost - 938,919 Class A shares and 37,503 Class C shares as of September 30, 2024; and 852,338 (1) Class A shares and 37,503 (1) Class C shares as of December 31, 2023 (6,490,559) (5,661,737)
Total stockholders’ equity 346,322,066 312,895,219
Total Liabilities and Stockholders’ Equity 1,494,824,195 1,430,552,275
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 42,235,972 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