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

9 Months Ended

Sep. 30, 2019

As of June 30, 2019

Schedule of Financial Instruments Carried at Other Than Fair Value

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Fixed maturity securities held to maturity	$     239,749,797	$                      -	$   253,688,345	$         3,749,490	$     257,437,835
Mortgage loans held for investment:
Residential	78,144,568	-	-	82,208,452	82,208,452
Residential construction	91,837,299	-	-	91,837,299	91,837,299
Commercial	26,527,036	-	-	27,156,433	27,156,433
Mortgage loans held for investment, net	$     196,508,903	$                      -	$                      -	$     201,202,184	$     201,202,184
Policy loans	6,344,074	-	-	6,344,074	6,344,074
Insurance assignments, net (1)	32,909,498	-	-	32,909,498	32,909,498
Restricted assets (2)	976,869	-	1,010,581	-	1,010,581
Restricted assets (3)	2,265,669	-	-	2,259,287	2,259,287
Cemetery perpetual care trust investments (2)	978,913	-	1,010,634	-	1,010,634
Mortgage servicing rights, net	16,951,124	-	-	20,216,363	20,216,363
Liabilities
Bank and other loans payable	$   (261,034,322)	$                      -	$                      -	$   (261,034,322)	$   (261,034,322)
Policyholder account balances (4)	(45,480,785)	-	-	(36,775,860)	(36,775,860)
Future policy benefits - annuities (4)	(96,259,449)	-	-	(96,537,956)	(96,537,956)
(1) Included in other investments and policy loans on the condensed consolidated balance sheet.
(2) Fixed maturity securities held to maturity
(3) Mortgage loans held for investment
(4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet.

As of December 2018

Schedule of Financial Instruments Carried at Other Than Fair Value

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Fixed maturity securities held to maturity	$     232,078,723	$                      -	$   229,668,844	$         5,082,014	$     234,750,858
Mortgage loans held for investment:
Residential	87,947,566	-	-	92,503,553	92,503,553
Residential construction	70,886,702	-	-	70,886,702	70,886,702
Commercial	27,630,801	-	-	28,359,205	28,359,205
Mortgage loans held for investment, net	$     186,465,069	$                      -	$                      -	$     191,749,460	$     191,749,460
Policy loans	6,424,325	-	-	6,424,325	6,424,325
Insurance assignments, net (1)	34,146,868	-	-	34,146,868	34,146,868
Restricted assets (2)	1,258,397	-	1,271,687	-	1,271,687
Restricted assets (3)	1,799,268	-	-	1,810,185	1,810,185
Cemetery perpetual care trust investments (2)	990,390	-	983,410	-	983,410
Mortgage servicing rights, net	20,016,822	-	-	28,885,316	28,885,316
Liabilities
Bank and other loans payable	$   (187,521,188)	$                      -	$                      -	$   (187,521,188)	$   (187,521,188)
Policyholder account balances (4)	(46,479,853)	-	-	(37,348,289)	(37,348,289)
Future policy benefits - annuities (4)	(98,137,615)	-	-	(97,641,146)	(97,641,146)
(1) Included in other investments and policy loans on the condensed consolidated balance sheet.
(2) Fixed maturity securities held to maturity
(3) Participation in mortgage loans held for investment (commercial)
(4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet.