Note 16: Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Financial Instruments Carried at Other Than Fair Value

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       44,459,613	$            -	$             -	$       47,193,950	$       47,193,950
Residential construction	34,751,443	-	-	34,751,443	34,751,443
Commercial	33,335,849	-	-	34,778,136	34,778,136
Mortgage loans, net	$     112,546,905	$            -	$             -	$     116,723,529	$     116,723,529
Policy loans	6,896,457	-	-	6,896,457	6,896,457
Other loans	32,685,964	-	-	32,685,964	32,685,964
Short-term investments	16,915,808	-	-	16,915,808	16,915,808
Liabilities
Bank and other loans payable	$     (40,894,968)	$            -	$             -	$    (40,894,968)	$    (40,894,968)

The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2014:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$       51,876,621	$             -	$             -	$       55,247,638	$       55,247,638
Residential construction	32,971,824	-	-	32,971,824	32,971,824
Commercial	35,201,627	-	-	36,829,266	36,829,266
Mortgage loans, net	$     120,050,072	$             -	$             -	$     125,048,728	$     125,048,728
Policy loans	7,011,012	-	-	7,011,012	7,011,012
Other loans	27,114,416	-	-	27,114,416	27,114,416
Short-term investments	27,059,495	-	-	27,059,495	27,059,495
Liabilities
Bank and other loans payable	$     (28,989,008)	$             -	$             -	$     (28,989,008)	$     (28,989,008)