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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $376,903,025 and $376,012,071 for 2025 and 2024, respectively; net of allowance for credit losses of $507,300 and $420,993 for 2025 and 2024, respectively) $ 371,212,032 $ 366,546,129
Equity securities at estimated fair value (cost of $11,548,300 and $11,386,454 for 2025 and 2024, respectively) 15,973,782 15,771,681
Mortgage loans held for investment (net of allowance for credit losses of $2,008,592 and $1,885,390 for 2025 and 2024, respectively) 319,445,281 301,747,358
Real estate held for investment (net of accumulated depreciation of $32,853,123 and $31,419,539 for 2025 and 2024, respectively) 202,629,726 197,693,338
Real estate held for sale 2,713,040 1,278,033
Other investments and policy loans (net of allowance for credit losses of $1,517,783 and $1,536,926 for 2025 and 2024, respectively) 76,545,918 74,855,041
Accrued investment income 9,574,599 8,499,168
Total investments 998,094,378 966,390,748
Cash and cash equivalents 132,946,068 140,546,421
Loans held for sale at estimated fair value 139,834,226 131,181,148
Receivables (net of allowance for credit losses of $1,632,099 and $1,678,531 for 2025 and 2024, respectively) 15,943,962 15,858,743
Restricted assets (including $12,910,825 and $12,323,535 for 2025 and 2024 respectively, at estimated fair value) 27,722,898 23,806,836
Cemetery perpetual care trust investments (including $5,841,653 and $5,689,706 for 2025 and 2024, respectively, at estimated fair value) 9,038,179 8,836,503
Receivable from reinsurers 13,791,025 13,831,093
Cemetery land and improvements 10,545,468 10,594,632
Deferred policy and pre-need contract acquisition costs 123,527,455 122,661,298
Mortgage servicing rights, net 2,839,548 2,939,878
Property and equipment, net 18,811,490 19,047,688
Value of business acquired 7,380,231 7,491,600
Goodwill 5,253,783 5,253,783
Other 18,521,619 21,366,843
Total Assets 1,524,250,330 1,489,807,214
Liabilities    
Future policy benefits and unpaid claims 953,000,823 944,811,843
Unearned premium reserve 1,966,308 2,011,679
Bank and other loans payable 122,823,346 106,740,104
Deferred pre-need cemetery and mortuary contract revenues 20,910,047 20,168,405
Cemetery perpetual care obligation 5,704,613 5,642,693
Accounts payable 4,982,820 2,937,293
Other liabilities and accrued expenses 53,258,611 55,633,661
Income taxes 15,110,076 13,079,257
Total liabilities 1,177,756,644 1,151,024,935
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 80,004,637 79,698,367
Accumulated other comprehensive loss, net of taxes (3,953,654) (6,951,266)
Retained earnings 229,697,478 225,359,186
Treasury stock at cost - 1,037,568 Class A shares and 99,623 Class C shares as of March 31, 2025; and 1,025,784 Class A shares and 99,623 Class C shares as of December 31, 2024 (8,732,593) (8,477,686)
Total stockholders’ equity 346,493,686 338,782,279
Total Liabilities and Stockholders’ Equity 1,524,250,330 1,489,807,214
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 42,643,478 42,510,012
Common Class B [Member]    
Stockholders’ Equity    
Common stock value
Common Class C [Member]    
Stockholders’ Equity    
Common stock value $ 6,834,340 $ 6,643,666