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Note 16: Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)
12 Months Ended
Dec. 31, 2016
AsOfDecember312016Member  
Schedule of fair value assets and liabilities measured on a 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

 $         10,573,356

 $        10,573,356

 $                 -

 $                         -

Total securities available for sale

            10,573,356

           10,573,356

                    -

                            -

Restricted assets of cemeteries and mortuaries

                 736,603

                736,603

                    -

                            -

Cemetery perpetual care trust investments

                 698,202

                698,202

                    -

                            -

Derivatives - loan commitments

              3,389,618

                           -

                    -

             3,389,618

Other investments

              1,765,752

                           -

                    -

             1,765,752

Total assets accounted for at fair value on a    recurring basis

 $         17,163,531

 $        12,008,161

 $                 -

 $          5,155,370

Liabilities accounted for at fair value on a    recurring basis

Policyholder account balances

 $       (49,421,125)

 $                        -

 $                 -

 $      (49,421,125)

Future policy benefits - annuities

          (99,388,662)

                           -

                    -

         (99,388,662)

Derivatives  - bank loan interest rate swaps

                   (3,308)

                           -

                    -

                  (3,308)

- call options

               (109,474)

              (109,474)

                    -

                            -

- put options

                 (26,494)

                (26,494)

                    -

                            -

 - loan commitments

               (102,212)

                           -

                    -

              (102,212)

Total liabilities accounted for at fair value    on a recurring basis

 $     (149,051,275)

 $           (135,968)

 $                 -

 $    (148,915,307)

AsOfDecember312015Member  
Schedule of fair value assets and liabilities measured on a 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

Non-redeemable preferred stock

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 - loan 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)

                   -

                            -

 - loan commitments

               (107,667)

                         -

                   -

               (107,667)

Total liabilities accounted for at fair value    on a recurring basis

 $     (120,260,355)

 $           (45,171)

 $                -

 $     (120,215,184)