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Balance Sheet (USD $)
Dec. 31, 2011
Dec. 31, 2010
Fixed maturity securities, held to maturity, at amortized cost $ 127,579,087 $ 98,048,016
Equity securities, available for sale, at estimated fair value 6,299,392 6,784,643
Mortgage loans on real estate and construction loans held for investment, net of allowances for losses of $4,881,173 and $7,070,442 for 2011 and 2010 115,155,967 96,154,107
Real estate held for investment, net of accumulated depreciation of $4,189,641 and $3,849,695 for 2011 and 2010 3,786,780 3,996,777
Other real estate owned held for investment, net of accumulated depreciation of $1,810,238 and $1,090,532 for 2011 and 2010 46,398,095 44,422,829
Other real estate owned held for sale 5,793,900 5,086,400
Policy, student and other loans net of allowance for doubtful accounts of $427,136 and $380,506 for 2011 and 2010 18,463,277 17,044,897
Short-term investments 6,932,023 2,618,349
Accrued investment income 2,323,080 1,726,854
Total investments 332,731,601 275,882,872
Cash and cash equivalents 17,083,604 39,556,503
Mortgage loans sold to investors 77,339,445 63,226,686
Receivables, net 9,934,075 7,827,114
Restricted assets of cemeteries and mortuaries 3,392,497 3,066,379
Cemetery perpetual care trust investments 1,810,185 1,454,694
Receivable from reinsurers 7,484,466 4,476,237
Cemetery land and improvements 11,105,809 11,096,129
Deferred policy and pre-need contract acquisition costs 36,237,069 35,767,101
Property and equipment, net 9,300,185 11,111,059
Value of business acquired 11,020,834 9,017,696
Goodwill 677,039 1,075,039
Other assets 3,022,113 2,077,396
Total Assets 521,138,922 465,634,905
Future life, annuity, and other benefits 381,595,568 344,972,099
Unearned premium reserve 5,030,443 5,213,948
Bank and other loans payable 25,019,119 7,065,975
Deferred pre-need cemetery and mortuary contract revenues 13,140,483 13,192,499
Cemetery perpetual care obligation 2,983,077 2,853,727
Accounts payable 2,672,479 2,472,996
Other liabilities and accrued expenses 14,456,887 14,579,008
Income taxes 15,010,279 15,356,185
Total liabilities 459,908,335 405,706,437
Additional paid-in capital 2,027,195 19,689,993
Accumulated other comprehensive income, net of taxes 19,487,565 1,188,246
Retained earnings 654,443 21,907,579
Treasury stock, at cost - 1,198,167 Class A shares and -0- Class C shares in 2011; 1,322,074 Class A shares and -0- Class C shares in 2010 22,546,623 (3,147,271)
Total stockholders' equity (2,762,835) 59,928,468
Total Liabilities and Stockholders' Equity 521,138,922 465,634,905
Class A Common Stock
   
Common stock 19,277,596 18,357,890
Class B Common Stock
   
Common stock      
Class C Common Stock
   
Common stock $ 2,027,195 $ 19,689,993