3) Investments: Held-to-maturity Securities (Tables)

9 Months Ended

Sep. 30, 2016

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
September 30, 2016
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$         4,472,581	$          375,865	$           (8,548)	$         4,839,898
Obligations of states and political subdivisions	6,779,383	199,454	(41,571)	6,937,266
Corporate securities including public utilities	162,331,688	15,612,140	(2,572,792)	175,371,036
Mortgage-backed securities	11,472,643	416,243	(116,859)	11,772,027
Redeemable preferred stock	623,635	52,552	-	676,187
Total fixed maturity securities held to maturity	$     185,679,930	$     16,656,254	$    (2,739,770)	$     199,596,415

AsOfDecember312015Member

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2015:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$         3,560,579	$          292,869	$           (4,743)	$         3,848,705
Obligations of states and political subdivisions	1,805,828	182,073	(1,040)	1,986,861
Corporate securities including public utilities	134,488,108	9,836,355	(5,501,743)	138,822,720
Mortgage-backed securities	5,091,887	190,867	(75,580)	5,207,174
Redeemable preferred stock	612,023	29,675	-	641,698
Total fixed maturity securities held to maturity	$     145,558,425	$     10,531,839	$    (5,583,106)	$     150,507,158