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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at estimated fair value $ 329,145,562 $ 355,977,820
Equity securities at estimated fair value 8,235,945 7,271,165
Mortgage loans held for investment (net of allowances for loan losses of $2,089,670 and $1,453,037 for 2020 and 2019) 250,404,519 236,694,546
Real estate held for investment (net of accumulated depreciation of $12,858,882 and $12,788,739 for 2020 and 2019) 102,916,419 102,756,946
Real estate held for sale 11,724,432 14,097,627
Other investments and policy loans (net of allowances for doubtful accounts of $1,489,113 and $1,448,026 for 2020 and 2019) 58,487,143 60,245,269
Accrued investment income 5,757,535 4,833,232
Total investments 766,671,555 781,876,605
Cash and cash equivalents 103,769,066 127,754,719
Loans held for sale at estimated fair value 281,052,576 213,457,632
Receivables (net of allowances for doubtful accounts of $1,710,087 and $1,724,156 for 2020 and 2019) 10,089,043 9,236,330
Restricted assets (including $2,716,047 and $2,985,347 for 2020 and 2019 at estimated fair value) 19,605,629 13,935,317
Cemetery perpetual care trust investments (including $2,344,229 and $2,581,124 for 2020 and 2019 at estimated fair value) 4,150,667 4,411,864
Receivable from reinsurers 15,517,323 15,747,768
Cemetery land and improvements 9,260,286 9,519,950
Deferred plicy and pre-need contract acquisition costs 95,942,560 94,701,920
Mortgage servicing rights, net 16,777,131 17,155,529
Property and equipment, net 13,111,612 14,600,394
Value of business acquired 9,821,074 9,876,647
Goodwill 3,519,588 3,519,588
Other 26,872,727 18,649,812
Total Assets 1,376,160,837 1,334,444,075
Liabilities    
Future policy benefits and unpaid claims 831,659,523 825,600,918
Unearned premium reserve 3,568,325 3,621,697
Bank and other loans payable 253,965,181 217,572,612
Deferred pre-need cemetery and mortuary contract revenues 12,689,862 12,607,978
Cemetery Perpetual Care Trust Obligation 3,955,244 3,933,719
Accounts payable 4,345,576 5,056,983
Other liabilities and accrued expenses 59,882,522 50,652,591
Income Taxes 16,382,341 18,686,972
Total liabilities 1,186,448,574 1,137,733,470
Stockholders' Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 46,343,631 46,091,112
Accumulated other comprehensive income, net of taxes 4,874,201 13,726,514
Retained earnings 102,677,084 101,256,229
Treasury stock at cost - 430,280 Class A shares in 2020 and 490,823 Class A shares in 2019 (1,446,109) (1,580,582)
Total stockholders' equity 189,712,263 196,710,605
Total Liabilities and Stockholders' Equity 1,376,160,837 1,334,444,075
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 32,285,026 32,215,558
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Common Class C    
Stockholders' Equity    
Common Stock, Value, Issued $ 4,978,430 $ 5,001,774