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Note 2: Investments: Held-to-maturity Securities (Tables)
12 Months Ended
Dec. 31, 2013
As Of December 31 2013
 
Held-to-maturity Securities

 

 

 

Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Estimated Fair Value

 December 31, 2013:

 

 

 

 

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

 

 

 

 

 

 

 

 

 Bonds:

 

 

 

 

 

 

 

 

 U.S. Treasury securities and obligations of U.S. Government agencies

 

 $         2,284,261

 

 $          298,901

 

 $                      -

 

 $          2,583,162

     

 

 

 

 

 

 

 

 

 Obligations of states and political subdivisions

 

1,790,661

 

197,340

 

(9,404)

 

1,978,597

 

 

 

 

 

 

 

 

 

 Corporate securities including public utilities

 

134,257,468

 

10,513,448

 

(1,394,919)

 

143,375,997

 

 

 

 

 

 

 

 

 

 Mortgage-backed securities

 

4,522,081

 

206,617

 

(11,351)

 

4,717,347

 

 

 

 

 

 

 

 

 

 Redeemable preferred stock

 

612,023

 

               12,994

 

(5,900)

 

619,117

 

 

 

 

 

 

 

 

 

Total fixed maturity securities held to maturity

 

 $     143,466,494

 

 $     11,229,300

 

 $      (1,421,574)

 

 $      153,274,220

 

AsOfDecember312012Member
 
Held-to-maturity Securities

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost 

 

Gains

 

  Losses  

 

 Value  

 December 31, 2012:

 

 

 

 

 

 

 

 

Fixed maturity securities held to maturity

 

 

 

 

 

 

 

 

carried at amortized cost:

 

 

 

 

 

 

 

 

 Bonds:

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

 

 

 

 

 

 

and obligations of U.S

 

 

 

 

 

 

 

 

 Government agencies

$

2,602,589

$

514,572

$

-

$

3,117,161

    

 

 

 

 

 

 

 

 

Obligations of states and

 

 

 

 

 

 

 

 

 political subdivisions

 

2,040,277

 

285,241

 

(3,982)

 

2,321,536

 

 

 

 

 

 

 

 

 

Corporate securities including

 

 

 

 

 

 

 

 

 public utilities

 

118,285,147

 

16,230,468

 

(607,322)

 

133,908,293

 

 

 

 

 

 

 

 

 

 Mortgage-backed securities

 

5,010,519

 

327,871

 

(76,056)

 

5,262,334

 

 

 

 

 

 

 

 

 

 Redeemable preferred stock

 

1,510,878

 

98,087

 

(1,200)

 

1,607,765

Total fixed maturity

 

 

 

 

 

 

 

 

 securities held to maturity

$

129,449,410

$

17,456,239

$

(688,560)

$

146,217,089