7): Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Tables/Schedules

Schedule of Financial Instruments Carried at Other Than Fair Value

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       48,402,260	$             -	$             -	$       51,607,045	$       51,607,045
Residential construction	41,910,955	-	-	41,910,955	41,910,955
Commercial	39,560,542	-	-	41,181,866	41,181,866
Mortgage loans, net	$     129,873,757	$             -	$             -	$     134,699,866	$     134,699,866
Policy loans	6,858,019	-	-	6,858,019	6,858,019
Insurance assignments, net	31,343,162	-	-	31,343,162	31,343,162
Short-term investments	28,467,741	-	-	28,467,741	28,467,741
Liabilities
Bank and other loans payable	$     (43,705,867)	$             -	$             -	$     (43,705,867)	$     (43,705,867)

The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2015:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       44,459,613	$             -	$             -	$       47,193,950	$       47,193,950
Residential construction	34,751,443	-	-	34,751,443	34,751,443
Commercial	33,335,849	-	-	34,778,136	34,778,136
Mortgage loans, net	$     112,546,905	$             -	$             -	$     116,723,529	$     116,723,529
Policy loans	6,896,457	-	-	6,896,457	6,896,457
Insurance assignments, net	31,511,195	-	-	31,511,195	31,511,195
Short-term investments	16,915,808	-	-	16,915,808	16,915,808
Liabilities
Bank and other loans payable	$     (40,894,968)	$             -	$             -	$     (40,894,968)	$     (40,894,968)