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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $264,704,239 and $236,303,310 for 2022 and 2021) $ 272,213,552 $ 259,287,603
Equity securities at estimated fair value (cost of $8,662,438 and  $8,275,772 for 2022 and 2021) 11,511,141 11,596,414
Mortgage loans held for investment (net of allowances for loan losses  of $1,603,676 and $1,699,902 for 2022 and 2021) 279,911,839 277,306,046
Real estate held for investment (net of accumulated depreciation of  $19,018,617 and $17,692,038 for 2022 and 2021) 201,379,078 197,365,797
Real estate held for sale 2,943,442 3,731,300
Other investments and policy loans (net of allowances for doubtful  accounts of $1,805,311 and $1,686,218 for 2022 and 2021) 73,569,249 67,955,155
Accrued investment income 5,632,626 6,313,012
Total investments 847,160,927 823,555,327
Cash and cash equivalents 145,630,099 131,354,470
Loans held for sale at estimated fair value 234,012,872 302,776,827
Receivables (net of allowances for doubtful accounts of $1,807,938 and $1,800,725 for 2022 and 2021) 14,504,617 18,316,116
Restricted assets (including $5,253,218 and $5,205,510 for 2022 and 2021 at estimated fair value) 16,685,113 16,938,122
Cemetery perpetual care trust investments (including $3,411,104 and $4,087,245 for 2022 and 2021 at estimated fair value) 7,760,709 7,835,721
Receivable from reinsurers 14,769,909 14,850,608
Cemetery land and improvements 8,938,638 8,977,877
Deferred policy and pre-need contract acquisition costs 105,905,093 105,049,983
Mortgage servicing rights, net 55,583,962 53,060,455
Property and equipment, net 21,222,598 21,517,598
Value of business acquired 8,577,480 8,421,432
Goodwill 5,253,783 5,253,783
Other 33,797,992 29,684,987
Total Assets 1,519,803,792 1,547,593,306
Liabilities    
Future policy benefits and unpaid claims 869,968,065 863,274,693
Unearned premium reserve 3,004,772 3,060,738
Bank and other loans payable 233,626,919 251,286,927
Deferred pre-need cemetery and mortuary contract revenues 15,270,642 14,508,022
Cemetery perpetual care obligation 4,961,894 4,915,285
Accounts payable 8,846,235 10,166,573
Other liabilities and accrued expenses 62,819,893 69,578,138
Income taxes 29,004,505 31,036,096
Total liabilities 1,227,502,925 1,247,826,472
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 58,379,438 57,985,947
Accumulated other comprehensive income, net of taxes 5,880,118 18,070,448
Retained earnings 187,766,207 184,537,489
Treasury stock at cost - 8,079 Class A shares and 96,097 Class C shares in 2022; and 108,079 Class A shares and 109,193 Class C shares in 2021 (843,916) (1,845,624)
Total stockholders’ equity 292,300,867 299,766,834
Total Liabilities and Stockholders’ Equity 1,519,803,792 1,547,593,306
Common Class A [Member]    
Stockholders’ Equity    
Common Stock, Value 35,386,304 35,285,444
Common Class B [Member]    
Stockholders’ Equity    
Common Stock, Value
Common Class C [Member]    
Stockholders’ Equity    
Common Stock, Value $ 5,732,716 $ 5,733,130