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3) Investments: Held-to-maturity Securities (Tables)
3 Months Ended
Mar. 31, 2015
Held-to-maturity Securities

 

Amortized Cost

Gross Unrealized Gains

 Gross Unrealized Losses

 Estimated Fair Value

March 31, 2015

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         1,870,964

 $          361,034

 $                    -

 $         2,231,998

Obligations of states and political subdivisions

            1,984,709

             247,576

              (4,322)

            2,227,963

Corporate securities including public utilities

        124,944,246

        16,894,360

          (830,091)

        141,008,515

Mortgage-backed securities

            3,859,088

             311,980

                 (467)

            4,170,601

Redeemable preferred stock

               612,023

               35,937

                     -  

               647,960

Total fixed maturity securities held to maturity

 $     133,271,030

 $     17,850,887

 $       (834,880)

 $     150,287,037

AsOfDecember312014Member  
Held-to-maturity Securities

 

Amortized Cost 

Gross Unrealized Gains

 Gross Unrealized Losses  

 Estimated Fair Value  

December 31, 2014:

 

 

 

 

Fixed maturity securities held to maturity carried at amortized cost:

Bonds:

U.S. Treasury securities and obligations of U.S. Government agencies

 $         1,873,146

 $          345,715

 $                    -

 $         2,218,861

Obligations of states and political subdivisions

            1,736,489

             221,893

              (5,278)

            1,953,104

Corporate securities including public utilities

        126,533,483

        15,841,536

          (980,357)

        141,394,662

Mortgage-backed securities

            4,263,206

             305,381

            (11,894)

            4,556,693

Redeemable preferred stock

               612,023

               22,032

                       -

               634,055

Total fixed maturity securities held to maturity

 $     135,018,347

 $     16,736,557

 $       (997,529)

 $     150,757,375