3) Investments: Held-to-maturity Securities (Tables)

9 Months Ended

Sep. 30, 2017

AsOfSeptember302017Member

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
September 30, 2017
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$       54,279,156	$          237,071	$       (226,543)	$       54,289,684
Obligations of states and political subdivisions	5,865,790	124,685	(77,272)	5,913,203
Corporate securities including public utilities	160,278,125	14,088,157	(1,285,361)	173,080,921
Mortgage-backed securities	9,764,566	253,573	(171,423)	9,846,716
Redeemable preferred stock	623,635	53,403	-	677,038
Total fixed maturity securities held to maturity	$     230,811,272	$     14,756,889	$    (1,760,599)	$     243,807,562

Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$         6,310,307	$          467,132	$       (819,951)	$         5,957,488
Total equity securities available for sale at estimated fair value	$         6,310,307	$          467,132	$       (819,951)	$         5,957,488
Mortgage loans held for investment at amortized cost:
Residential	$       65,759,761
Residential construction	41,306,722
Commercial	42,923,761
Less: Unamortized deferred loan fees, net	(637,735)
Less: Allowance for loan losses	(2,051,818)
Total mortgage loans held for investment	$     147,300,691
Real estate held for investment net of accumulated depreciation:
Residential	$       69,469,220
Commercial	81,099,778
Total real estate held for investment	$     150,568,998
Policy loans and other investments at amortized cost:
Policy loans	$         6,677,924
Insurance assignments	33,340,431
Federal Home Loan Bank stock	689,400
Other investments	2,923,681
Less: Allowance for doubtful accounts	(1,142,287)
Total policy loans and other investments	$       42,489,149
Short-term investments at amortized cost	$       17,830,990
Accrued investment income	$         3,391,688

AsOfDecember312016Member

Held-to-maturity Securities

	Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2016:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$         4,475,065	$          249,028	$         (66,111)	$         4,657,982
Obligations of states and political subdivisions	6,017,225	153,514	(133,249)	6,037,490
Corporate securities including public utilities	164,375,636	10,440,989	(3,727,013)	171,089,612
Mortgage-backed securities	9,488,083	221,400	(280,871)	9,428,612
Redeemable preferred stock	623,635	13,418	-	637,053
Total fixed maturity securities held to maturity	$     184,979,644	$     11,078,349	$    (4,207,244)	$     191,850,749

Equity securities available for sale at estimated fair value:
Common stock:
Industrial, miscellaneous and all other	$       10,323,238	$          447,110	$       (859,092)	$         9,911,256
Total securities available for sale carried at estimated fair value	$       10,323,238	$          447,110	$       (859,092)	$         9,911,256

Mortgage loans held for investment at amortized cost:
Residential	$       58,593,622
Residential construction	40,800,117
Commercial	51,536,622
Less: Unamortized deferred loan fees, net	(190,846)
Less: Allowance for loan losses	(1,748,783)
Total mortgage loans held for investment	$     148,990,732
Real estate held for investment net of accumulated depreciation:
Residential	$       76,191,985
Commercial	68,973,936
Total real estate held for investment	$     145,165,921
Policy loans and other investments at amortized cost:
Policy loans	$         6,694,148
Insurance assignments	33,548,079
Promissory notes	48,797
Federal Home Loan Bank stock	662,100
Other investments	1,765,752
Less: Allowance for doubtful accounts	(1,119,630)
Total policy loans and other investments	$       41,599,246
Short-term investments at amortized cost	$       27,560,040
Accrued investment income	$         2,972,596