3) Investments: Available-for-sale Securities (Tables)

3 Months Ended

Sep. 30, 2012

AsOfSeptember302012Member

Tables/Schedules

Available-for-sale Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
September 30, 2012:
Equity securities available for sale at estimated fair value:
Non-redeemable preferred stock	$            20,281	$         394	$           (1,100)	$       19,575
Common stock:
Industrial, miscellaneous and all other	6,295,937	339,392	(1,250,016)	5,385,313
Total equity securities available for sale at estimated fair value	$       6,316,218	$  339,786	$    (1,251,116)	$  5,404,888
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$     50,133,436
Residential construction	5,589,673
Commercial	32,408,903
Less: Allowance for loan losses	(4,263,375)
Total mortgage loans on real estate and construction loans held for investment	$     83,868,637
Real estate held for investment - net of depreciation	$       3,596,336
Other real estate owned held for investment - net of  depreciation	59,562,388
Other real estate owned held for sale	5,998,740
Total real estate	$     69,157,464
Policy and other loans at amortized cost - net of allowance for doubtful accounts	$     18,443,304
Short-term investments at amortized cost	$       8,248,217

as of December 31, 2011

Tables/Schedules

Available-for-sale Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2011:
Equity securities available for sale at estimated fair value:
Non-redeemable preferred stock	$            20,281	$                 -	$          (1,843)	$        18,438
Common stock:
Industrial, miscellaneous and all other	7,250,991	363,387	(1,333,424)	6,280,954
Total equity securities available for sale at estimated fair value	$       7,271,272	$      363,387	$   (1,335,267)	$   6,299,392
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$     54,344,327
Residential construction	17,259,666
Commercial	48,433,147
Less: Allowance for loan losses	(4,881,173)
Total mortgage loans on real estate and construction loans held for investment	$   115,155,967
Real estate held for investment - net of depreciation	$       3,786,780
Other real estate owned held for investment - net of depreciation	46,398,095
Other real estate owned held for sale	5,793,900
Total real estate	$     55,978,775
Policy and other loans at amortized cost - net of allowance for doubtful accounts	$     18,463,277
Short-term investments at amortized cost	$       6,932,023