Note 8: Income Taxes: Schedule of components of Deferred Tax Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of components of Deferred Tax Liabilities

	December 31
	2015	2014
Assets
Future policy benefits	$ (8,023,302)	$ (6,856,001)
Loan loss reserve	(1,163,700)	(670,078)
Unearned premium	(1,610,684)	(1,687,059)
Available for sale securities	(150,984)	(125,797)
Net operating loss	(588,537)	(1,738,137)
Deferred compensation	(1,994,927)	(1,279,860)
Deposit obligations	(1,026,984)	(1,018,313)
Other	(2,242,029)	(1,398,152)
Less: Valuation allowance	5,276,431	5,276,431
Total deferred tax assets	(11,524,716)	(9,496,966)
Liabilities
Deferred policy acquisition costs	14,838,604	12,271,954
Basis difference in property and equipment	9,375,146	7,049,551
Value of business acquired	2,972,883	2,906,193
Deferred gains	6,902,888	5,472,003
Trusts	1,599,657	1,599,657
Tax on unrealized appreciation	1,102,963	952,725
Total deferred tax liabilities	36,792,141	30,252,083
Net deferred tax liability	$ 25,267,425	$ 20,755,117