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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $393,340,165 and $376,012,071 for 2025 and 2024, respectively; net of allowance for credit losses of $486,986 and $420,993 for 2025 and 2024, respectively) $ 390,441,720 $ 366,546,129
Equity securities at estimated fair value (cost of $11,657,063 and $11,386,454 for 2025 and 2024, respectively) 16,556,531 15,771,681
Mortgage loans held for investment (net of allowance for credit losses of $2,640,744 and $1,885,390 for 2025 and 2024, respectively) 324,403,996 301,747,358
Real estate held for investment (net of accumulated depreciation of $34,288,777 and $31,419,539 for 2025 and 2024, respectively) 213,045,016 197,693,338
Real estate held for sale 3,093,040 1,278,033
Other investments and policy loans (net of allowance for credit losses of $1,481,032 and $1,536,926 for 2025 and 2024, respectively) 85,691,489 74,855,041
Accrued investment income 9,659,711 8,499,168
Total investments 1,042,891,503 966,390,748
Cash and cash equivalents 79,317,770 140,546,421
Loans held for sale at estimated fair value 165,876,119 131,181,148
Receivables (net of allowance for credit losses of $1,491,043 and $1,678,531 for 2025 and 2024, respectively) 15,468,678 15,858,743
Restricted assets (including $13,778,778 and $12,323,535 for 2025 and 2024 respectively, at estimated fair value) 29,461,821 23,806,836
Cemetery perpetual care trust investments (including $6,043,952 and $5,689,706 for 2025 and 2024, respectively, at estimated fair value) 9,282,641 8,836,503
Receivable from reinsurers 13,743,832 13,831,093
Cemetery land and improvements 10,494,356 10,594,632
Deferred policy and pre-need contract acquisition costs 123,153,276 122,661,298
Mortgage servicing rights, net 2,714,310 2,939,878
Property and equipment, net 18,653,288 19,047,688
Value of business acquired 6,965,527 7,491,600
Goodwill 5,253,783 5,253,783
Other 20,701,203 21,366,843
Total Assets 1,543,978,107 1,489,807,214
Liabilities    
Future policy benefits and unpaid claims 959,492,863 944,811,843
Unearned premium reserve 1,912,897 2,011,679
Bank and other loans payable 122,931,941 106,740,104
Deferred pre-need cemetery and mortuary contract revenues 21,589,242 20,168,405
Cemetery perpetual care obligation 5,788,630 5,642,693
Accounts payable 6,232,317 2,937,293
Other liabilities and accrued expenses 55,982,263 55,633,661
Income taxes 15,293,236 13,079,257
Total liabilities 1,189,223,389 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 89,068,179 79,698,367
Accumulated other comprehensive loss, net of taxes (1,830,143) (6,951,266)
Retained earnings 225,043,793 225,359,186
Treasury stock at cost - 1,161,072 Class A shares and 104,604 Class C shares as of June 30, 2025; and 1,081,281 (1) Class A shares and 104,604 (1) Class C shares as of December 31, 2024 (9,485,613) (8,477,686)
Total stockholders’ equity 354,754,718 338,782,279
Total Liabilities and Stockholders’ Equity 1,543,978,107 1,489,807,214
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 44,783,274 42,510,012
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value
Common Class C [Member]    
Stockholders’ Equity    
Common stock, value $ 7,175,228 $ 6,643,666