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Note 16: Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)
12 Months Ended
Dec. 31, 2015
AsOfDecember312015Member  
Schedule of fair value assets and liabilities measured on a recurring basis

 

 

Total

 

 Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 Significant Observable Inputs (Level 2)

 

 Significant Unobservable Inputs (Level 3)

Assets accounted for at fair value on a    recurring basis

 Common stock

 $           8,431,090

 $          8,431,090

 $                 -

 $                         -

 Total securities available for sale

              8,431,090

             8,431,090

                    -

                            -

 Restricted assets of cemeteries and mortuaries

                 686,444

                686,444

                    -

                            -

 Cemetery perpetual care trust investments

                 630,854

                630,854

                    -

                            -

 Derivatives - interest rate lock commitments

              3,440,758

                           -

                    -

             3,440,758

 Total assets accounted for at fair value on a    recurring basis

 $         13,189,146

 $          9,748,388

 $                 -

 $          3,440,758

Liabilities accounted for at fair value on a    recurring basis

 Policyholder account balances

 $       (50,694,953)

 $                        -

 $                 -

 $      (50,694,953)

 Future policy benefits - annuities

          (69,398,617)

                           -

                    -

         (69,398,617)

 Derivatives  - bank loan interest rate swaps

                 (13,947)

                           -

                    -

                (13,947)

  - call options

                 (16,342)

                (16,342)

                    -

                            -

- put options

                 (28,829)

                (28,829)

                    -

                            -

  - interest rate lock commitments

               (107,667)

                           -

                    -

              (107,667)

 Total liabilities accounted for at fair value    on a recurring basis

 $     (120,260,355)

 $             (45,171)

 $                 -

 $    (120,215,184)

AsOfDecember312014Member  
Schedule of fair value assets and liabilities measured on a recurring basis

 

 

Total

 

 Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 Significant Observable Inputs (Level 2)

 

 Significant Unobservable Inputs (Level 3)

 Assets accounted for at fair value on a    recurring basis

 Non-redeemable preferred stock

 Common stock

 $           6,752,750

 $        6,752,750

 $                -

 $                         -

 Total securities available for sale

              6,752,750

           6,752,750

                   -

                            -

 Restricted assets of cemeteries and mortuaries

                 715,202

              715,202

                   -

                            -

 Cemetery perpetual care trust investments

                 695,235

              695,235

                   -

                            -

 Derivatives - interest rate lock commitments

              2,111,529

                         -

                   -

              2,111,529

 Total assets accounted for at fair value on a    recurring basis

 $         10,274,716

 $        8,163,187

 $                -

 $           2,111,529

 Liabilities accounted for at fair value on a    recurring basis

 Policyholder account balances

 $       (45,310,699)

 $                      -

 $                -

 $       (45,310,699)

 Future policy benefits - annuities

          (65,540,985)

                         -

                   -

          (65,540,985)

 Derivatives  - bank loan interest rate swaps

                 (31,370)

                         -

                   -

                 (31,370)

  - call options

               (116,036)

            (116,036)

                   -

                            -

  - interest rate lock commitments

                 (11,867)

              (11,867)

                   -

                            -

 Total liabilities accounted for at fair value   on a recurring basis

               (181,678)

                         -

                   -

               (181,678)

Liabilities accounted for at fair value on a    recurring basis

 $     (111,192,635)

 $         (127,903)

 $                -

 $     (111,064,732)