Note 14: Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Schedule of Segment Reporting Information, by Segment

	2016
	Life	Cemetery/		Intercompany
	Insurance	Mortuary	Mortgage	Eliminations	Consolidated
Revenues:
From external sources:
Revenue from customers	$       66,902,126	$       12,267,640	$     184,015,202	$                         -	$     263,184,968
Net investment income	28,618,485	312,494	8,651,465	-	37,582,444
Realized gains (losses) on
investments and other assets	(277,040)	211,429	(110,776)	-	(176,387)
Other than temporary impairments	(270,358)	-	-	-	(270,358)
Other revenues	632,260	88,676	6,166,813	-	6,887,749
Intersegment revenues:
Net investment income	7,119,692	691,876	327,778	(8,139,346)	-
Total revenues	102,725,165	13,572,115	199,050,482	(8,139,346)	307,208,416
Expenses:
Death and other policy benefits	33,387,380	-	-	-	33,387,380
Increase in future policy benefits	21,476,432	-	-	-	21,476,432
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	7,647,097	356,078	-	-	8,003,175
Depreciation	596,827	390,362	1,195,535	-	2,182,724
General, administrative and
other costs:
Intersegment	-	148,025	219,974	(367,999)	-
Provision for loan losses	-	-	4,688,754	-	4,688,754
Costs related to funding mortgage
loans	-	-	8,756,791	-	8,756,791
Other	29,478,156	10,524,535	162,858,237	1	202,860,929
Interest expense:
Intersegment	781,078	651,046	6,339,224	(7,771,348)	-
Other	1,654,264	282,878	3,174,726	-	5,111,868
Total benefits and expenses	95,021,234	12,352,924	187,233,241	(8,139,346)	286,468,053
Earnings before income taxes	$         7,703,931	$         1,219,191	$       11,817,241	$                         -	$       20,740,363
Income tax expense	(1,953,167)	-	(4,507,692)	-	(6,460,859)
Net earnings	$         5,750,764	$         1,219,191	$         7,309,549	$                         -	$       14,279,504
Identifiable assets	$     821,097,220	$       99,611,263	$       74,170,647	$     (140,874,459)	$     854,004,671
Goodwill	$         2,765,570	$                        -	$                        -	$                         -	$         2,765,570
Expenditures for long-lived assets	$            532,958	$            723,445	$         2,310,108	$                         -	$         3,566,511

	2015
	Life	Cemetery/		Intercompany
	Insurance	Mortuary	Mortgage	Eliminations	Consolidated
Revenues:
From external sources:
Revenue from customers	$       58,883,721	$       11,502,045	$     173,252,834	$                         -	$     243,638,600
Net investment income	25,297,486	450,854	8,259,564	-	34,007,904
Realized gains (losses) on
investments and other assets	2,332,456	387,316	(318,413)	-	2,401,359
Other than temporary impairments	(413,714)	-	(191,716)	-	(605,430)
Other revenues	824,759	146,831	4,150,217	-	5,121,807
Intersegment revenues:
Net investment income	7,615,338	1,155,180	326,822	(9,097,340)	-
Total revenues	94,540,046	13,642,226	185,479,308	(9,097,340)	284,564,240
Expenses:
Death and other policy benefits	33,549,893	-	-	-	33,549,893
Increase in future policy benefits	17,212,001	-	-	-	17,212,001
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,306,781	334,512	-	-	5,641,293
Depreciation	710,733	403,066	1,069,697	-	2,183,496
General, administrative and
other costs:
Intersegment	-	156,777	199,244	(356,021)	-
Provision for loan losses	-	-	6,295,043	-	6,295,043
Costs related to funding mortgage
loans	-	-	8,864,404	-	8,864,404
Other	27,416,860	10,117,012	147,600,822	(1)	185,134,693
Interest expense:
Intersegment	726,919	1,379,668	6,634,731	(8,741,318)	-
Other	1,151,860	337,632	2,969,120	-	4,458,612
Total benefits and expenses	86,075,047	12,728,667	173,633,061	(9,097,340)	263,339,435
Earnings before income taxes	$         8,464,999	$            913,559	$       11,846,247	$                         -	$       21,224,805
Income tax expense	(3,138,929)	-	(4,607,019)	-	(7,745,948)
Net earnings	$         5,326,070	$            913,559	$         7,239,228	$                         -	$       13,478,857
Identifiable assets	$     721,362,741	$     101,935,898	$       66,743,342	$     (140,108,664)	$     749,933,317
Goodwill	$         2,765,570	$                        -	$                        -	$                         -	$         2,765,570
Expenditures for long-lived assets	$         3,024,223	$            154,226	$            454,241	$                         -	$         3,632,690

	2014
	Life	Cemetery/		Intercompany
	Insurance	Mortuary	Mortgage	Eliminations	Consolidated
Revenues:
From external sources:
Revenue from customers	$       57,037,623	$       11,426,308	$     125,109,997	$                         -	$     193,573,928
Net investment income	23,008,489	275,324	5,019,927	-	28,303,740
Realized gains (losses) on
investments and other assets	1,208,391	585,543	124,242	-	1,918,176
Other than temporary impairments	(164,240)	-	-	-	(164,240)
Other revenues	682,682	169,464	2,894,867	-	3,747,013
Intersegment revenues:
Net investment income	6,128,389	1,288,856	642,880	(8,060,125)	-
Total revenues	87,901,334	13,745,495	133,791,913	(8,060,125)	227,378,617
Expenses:
Death and other policy benefits	29,789,964	-	-	-	29,789,964
Increase in future policy benefits	18,060,151	-	-	-	18,060,151
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	6,561,589	331,389	-	-	6,892,978
Depreciation	644,510	436,390	1,096,265	-	2,177,165
General, administrative and
other costs:
Intersegment	24,000	166,079	208,513	(398,592)	-
Provision for loan losses	-	-	3,053,403	-	3,053,403
Costs related to funding mortgage
loans	-	-	6,877,069	-	6,877,069
Other	23,045,928	10,245,144	111,319,492	(2)	144,610,562
Interest expense:
Intersegment	725,354	1,481,317	5,454,860	(7,661,531)	-
Other	578,083	421,920	1,994,426	-	2,994,429
Total benefits and expenses	79,429,579	13,082,239	130,004,028	(8,060,125)	214,455,721
Earnings before income taxes	$         8,471,755	$            663,256	$         3,787,885	$                         -	$       12,922,896
Income tax expense	(3,427,254)	-	(1,471,409)	-	(4,898,663)
Net earnings	$         5,044,501	$            663,256	$         2,316,476	$                         -	$         8,024,233
Identifiable assets	$     652,348,803	$     109,114,226	$       52,349,204	$     (142,742,671)	$     671,069,562
Goodwill	$         2,765,570	$                        -	$                        -	$                         -	$         2,765,570
Expenditures for long-lived assets	$            660,830	$            121,677	$            737,936	$                         -	$         1,520,443