Note 2: Investments: Held-to-maturity Securities (Tables)

12 Months Ended

Dec. 31, 2016

AsOfDecember312016Member

Held-to-maturity Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2016:
Fixed maturity securities held to maturity carried at amortized cost:
U.S. Treasury securities and obligations of U.S. Government agencies	$         4,475,065	$          249,028	$           (66,111)	$          4,657,982
Obligations of states and political subdivisions	6,017,225	153,514	(133,249)	6,037,490
Corporate securities including public utilities	164,375,636	10,440,989	(3,727,013)	171,089,612
Mortgage-backed securities	9,488,083	221,400	(280,871)	9,428,612
Redeemable preferred stock	623,635	13,418	-	637,053
Total fixed maturity securities held to maturity	$     184,979,644	$     11,078,349	$      (4,207,244)	$      191,850,749
Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$       10,985,338	$          447,110	$         (859,092)	$        10,573,356
Total securities available for sale carried at estimated fair value	$       10,985,338	$          447,110	$         (859,092)	$        10,573,356
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$       58,593,622
Residential construction	40,800,117
Commercial	51,536,622
Less: Allowance for loan losses	(1,748,783)
Total mortgage loans on real estate and construction loans held for investment	$     149,181,578
Real estate held for investment - net of depreciation	$     145,165,921
Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value:
Policy loans	$         6,694,148
Insurance assignments	33,548,079
Promissory notes	48,797
Other investments at estimated fair value	1,765,752
Less: Allowance for doubtful accounts	(1,119,630)
Total policy loans and other investments	$       40,937,146
Short-term investments at amortized cost	$       27,560,040

AsOfDecember312015Member

Held-to-maturity Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2015:
Fixed maturity securities held to maturity carried at amortized cost:
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
Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$         9,891,500	$          213,684	$      (1,674,094)	$         8,431,090
Total securities available for sale carried at estimated fair value	$         9,891,500	$          213,684	$      (1,674,094)	$         8,431,090
Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$       46,020,490
Residential construction	34,851,557
Commercial	33,522,978
Less: Allowance for loan losses	(1,848,120)
Total mortgage loans on real estate and construction loans held for investment	$     112,546,905
Real estate held for investment - net of depreciation	$     114,852,432
Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value:
Policy loans	$         6,896,457
Insurance assignments	32,369,014
Promissory notes	48,797
Other investments at estimated fair value	1,174,769
Less: Allowance for doubtful accounts	(906,616)
Total policy loans and other investments	$       39,582,421
Short-term investments at amortized cost	$       16,915,808