XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statement of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net cash provided by operating activities $ 6,030,453 $ 17,639,672
Securities held to maturity:    
Purchase-fixed maturity securities (59,325,291) (6,519,416)
Calls and maturities - fixed maturity securities 11,933,573 10,032,336
Securities available for sale:    
Purchase - equity securities (5,126,062) (3,726,194)
Sales - equity securities 9,153,786 3,349,728
Purchases of short-term investments (27,483,124) (13,379,112)
Sales of short-term investments 37,212,174 7,185,582
Net changes in restricted assets (409,625) (438,204)
Net changes in perpetual care trusts (231,415) (966,367)
Mortgage loans, policy loans, and other investments made (340,424,956) (338,457,602)
Payments received for mortgage loans, policy loans and other investments 344,278,996 330,303,396
Purchase of property and equipment (508,846) (1,303,979)
Sale of property and equipment 9,977 34,000
Purchase of real estate (12,474,490) (19,448,152)
Sale of real estate 8,612,307 5,672,484
Cash paid for purchase of subsidiaries, net of cash acquired   (4,328,520)
Net cash used in investing activities (34,782,996) (31,990,020)
Cash flows from financing activities:    
Investment contract receipts 9,457,285 8,401,542
Investment contract withdrawals $ (11,522,652) (9,957,964)
Proceeds from stock options exercised   77,208
Purchase of treasury stock (185,470)  
Repayment of bank loans $ (2,142,382) (1,169,233)
Proceeds from borrowing on bank loans 16,729,056 2,523,670
Net change in warehouse line borrowings 16,022,738 23,893,122
Net change in line of credit borrowings   1,439,650
Net cash provided by financing activities 28,358,575 25,207,995
Net change in cash and cash equivalents (393,968) 10,857,647
Cash and cash equivalents at beginning of period 38,987,430 40,053,242
Cash and cash equivalents at end of period 38,593,462 50,910,889
Cash paid (received) during the year for:    
Interest (net of amount capitalized) 4,188,579 3,781,423
Income taxes (net of refunds) (788,601) 2,538,097
Non Cash Operating, Investing and Financing Activities:    
Transfer of loans held for sale to mortgage loans held for investment 5,032,147 7,386,432
Accrued real estate construction costs and retainage 1,932,790  
Mortgage loans foreclosed into real estate 1,576,196 1,703,476
Benefit plans funded with treasury stock $ 1,149,968 $ 1,074,688