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7): Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)
 6 Months Ended
Jun. 30, 2016
AsOfJune302016Member  
Schedule of Fair Value, Assets and Liabilities Measured on 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

 $           9,103,276

 $                9,103,276

 $                 -

 $                          -

Total securities available for sale

 $           9,103,276

 $                9,103,276

 $                 -

 $                          -

Restricted assets of cemeteries and mortuaries

 $              687,214

 $                   687,214

 $                 -

 $                          -

Cemetery perpetual care trust investments

                 669,366

                      669,366

                    -

                             -

Derivatives - interest rate lock commitments

              5,367,361

                                  -

                    -

              5,367,361

Other investments

              1,522,188

                                  -

                    -

              1,522,188

Total assets accounted for at fair value on a recurring basis

 $         17,349,405

 $              10,459,856

 $                 -

 $           6,889,549

Liabilities accounted for at fair value on a  recurring basis

Policyholder account balances

 $       (49,986,987)

 $                               -

 $                 -

 $        (49,986,987)

Future policy benefits - annuities

          (69,164,566)

                                  -

                    -

           (69,164,566)

Derivatives  - bank loan interest rate swaps

                   (8,406)

                                  -

                    -

                    (8,406)

   - call options

                 (26,232)

                       (26,232)

                    -

                             -

   - put options

                 (29,876)

                       (29,876)

                    -

                             -

   - interest rate lock commitments

            (1,120,687)

                                  -

                    -

             (1,120,687)

Total liabilities accounted for at fair value on a recurring basis

 $     (120,336,754)

 $                    (56,108)

 $                 -

 $      (120,280,646)
AsOfDecember312015Member  
Schedule of Fair Value, Assets and Liabilities Measured on 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

Other investments

             1,174,769

                           -

                    -

             1,174,769

Total assets accounted for at fair value on a recurring basis

 $        14,363,915

 $         9,748,388

 $                 -

 $          4,615,527

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 commitment

              (107,667)

 -

 -

              (107,667)

Total liabilities accounted for at fair value on a recurring basis

 $    (120,260,355)

 $            (45,171)

 $                 -

 $    (120,215,184)