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3) Investments: Available-for-sale Securities (Tables)

9 Months Ended

Sep. 30, 2016



Equity securities available for sale at estimated fair value:

Common stock:

Industrial, miscellaneous and all other	$ 10,940,465	$ 341,488	$ (1,136,558)	$ 10,145,395

Total equity securities available for sale at estimated fair value	$ 10,940,465	$ 341,488	$ (1,136,558)	$ 10,145,395

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$ 50,346,379
Residential construction	42,011,069
Commercial	39,747,671
Less: Allowance for loan losses	(2,231,362)
Total mortgage loans on real estate and construction loans held for investment	$ 129,873,757

Real estate held for investment - net of depreciation	$ 131,881,535

Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value:
Policy loans	$ 6,858,019
Insurance assignments	32,400,740
Promissory notes	48,797
Other investments at estimated fair value	1,780,389
Less: Allowance for doubtful accounts	(1,106,374)

Total policy loans and other investments	$ 39,981,571

Short-term investments at amortized cost	$ 28,467,741

AsOfDecember312015Member

Available-for-sale Securities



Equity securities available for sale at estimated fair value:

Common stock:

Industrial, miscellaneous and all other	$ 9,891,500	$ 213,683	$ (1,674,093)	$ 8,431,090

Total securities available for sale carried at estimated fair value	$ 9,891,500	$ 213,683	$ (1,674,093)	$ 8,431,090

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$ 46,020,490
Residential construction	34,851,557
Commercial	33,522,978
Less: Allowance for loan losses	(1,848,120)

Total mortgage loans on real estate and construction loans held for investment	$ 112,546,905

Real estate held for investment - net of depreciation	$ 114,852,432

Policy loans and other investments are shown at amortized cost except for other investments that are shown at estimated fair value:
Policy loans	$ 6,896,457
Insurance assignments	32,369,014
Promissory notes	48,797
Other investments at estimated fair value	1,174,769
Less: Allowance for doubtful accounts	(906,616)

Total policy loans and other investments	$ 39,582,421

Short-term investments at amortized cost	$ 16,915,808

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details