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

3 Months Ended

Mar. 31, 2018

AsOfMarch312018Member

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
March 31, 2018
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$       54,286,773	$          178,830	$       (960,777)	$       53,504,826
Obligations of states and political subdivisions	6,742,875	71,014	(145,551)	6,668,338
Corporate securities including public utilities	157,715,073	10,498,181	(1,305,125)	166,908,129
Mortgage-backed securities	12,105,727	268,842	(249,019)	12,125,550
Redeemable preferred stock	623,635	28,808	(344)	652,099
Total fixed maturity securities held to maturity	$     231,474,083	$     11,045,675	$    (2,660,816)	$     239,858,942

Equity securities at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$         6,230,113	$          498,655	$       (839,617)	$         5,889,151
Total equity securities at estimated fair value	$         6,230,113	$          498,655	$       (839,617)	$         5,889,151
Mortgage loans held for investment at amortized cost:
Residential	$     101,665,364
Residential construction	54,254,054
Commercial	52,384,376
Less: Unamortized deferred loan fees, net	(1,617,517)
Less: Allowance for loan losses	(1,696,371)
Total mortgage loans held for investment	$     204,989,906
Real estate held for investment net of accumulated depreciation:
Residential	$       31,874,263
Commercial	73,189,068
Total real estate held for investment	$     105,063,331
Policy loans and other investments at amortized cost:
Policy loans	$         6,403,888
Insurance assignments	35,088,585
Federal Home Loan Bank stock	708,700
Other investments	4,280,651
Less: Allowance for doubtful accounts	(931,029)
Total policy loans and other investments	$       45,550,795
Accrued investment income	$         3,886,170
Total investments	$     596,853,436

AsOfDecember312017Member

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2017:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$       54,077,069	$          211,824	$       (579,423)	$       53,709,470
Obligations of states and political subdivisions	5,843,176	112,372	(71,013)	5,884,535
Corporate securities including public utilities	158,350,727	14,336,452	(1,007,504)	171,679,675
Mortgage-backed securities	9,503,016	210,652	(162,131)	9,551,537
Redeemable preferred stock	623,635	49,748	(191)	673,192
Total fixed maturity securities held to maturity	$     228,397,623	$     14,921,048	$    (1,820,262)	$     241,498,409

Equity securities at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$         6,002,931	$          667,593	$       (632,669)	$         6,037,855
Total equity securities at estimated fair value	$         6,002,931	$          667,593	$       (632,669)	$         6,037,855

Mortgage loans held for investment at amortized cost:
Residential	$     102,527,111
Residential construction	50,157,533
Commercial	54,954,865
Less: Unamortized deferred loan fees, net	(1,659,828)
Less: Allowance for loan losses	(1,768,796)
Total mortgage loans held for investment	$     204,210,885
Real estate held for investment  net of accumulated depreciation:
Residential	$       68,329,917
Commercial	72,968,789
Total real estate held for investment	$     141,298,706
Policy loans and other investments at amortized cost:
Policy loans	$         6,531,352
Insurance assignments	36,301,739
Federal Home Loan Bank stock	689,400
Other investments	3,219,622
Less: Allowance for doubtful accounts	(846,641)
Total policy loans and other investments	$       45,895,472
Accrued investment income	$         3,644,077
Total investments	$     629,484,618