XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities, held to maturity, at amortized cost $ 231,378,413 $ 232,078,723
Equity securities at estimated fair value 6,927,352 5,558,611
Mortgage loans held for investment (net of allowances for loan losses) 196,344,356 186,465,069
Real estate held for investment (net of accumulated depreciation) 121,282,747 121,558,222
Policy And Other Loans Receivable Net 50,649,956 46,617,655
Accrued investment income 3,712,606 3,566,146
Total investments 610,295,430 595,844,426
Cash and cash equivalents 130,133,196 142,199,942
Loans held for sale at estimated fair value 123,374,303 136,210,853
Receivables (net of allowances for doubtful accounts of $1,538,608 and $1,519,842 for 2019 and 2018) 8,990,449 8,935,343
Restricted assets (including $799,835 and $744,673 for 2019 and 2018 at estimated fair value) 12,087,375 10,981,562
Cemetery perpetual care trust investments (including $543,284 and $483,353 for 2019 and 2018 at estimated fair value) 4,080,363 4,335,869
Receivable from reinsurers 10,852,082 10,820,102
Cemetery land and improvements 9,873,851 9,878,427
Deferred plicy and pre-need contract acquisition costs 90,734,682 89,362,096
Mortgage servicing rights, net 19,049,013 20,016,822
Property and equipment, net 9,347,138 7,010,778
Value of business acquired 5,626,782 5,765,190
Goodwill 3,516,315 2,765,570
Other 17,810,980 6,684,143
Total Assets 1,055,771,959 1,050,811,123
Liabilities    
Future policy benefits and unpaid claims 623,507,974 620,399,714
Unearned premium reserve 3,859,495 3,920,473
Bank and other loans payable 175,090,614 187,521,188
Deferred pre-need cemetery and mortuary contract revenues 12,650,552 12,508,625
Cemetery Perpetual Care Trust Obligation 3,851,164 3,821,979
Accounts payable 3,407,759 2,883,349
Other liabilities and accrued expenses 42,713,828 31,821,624
Income Taxes 16,641,088 16,122,998
Total liabilities 881,722,474 878,999,950
Stockholders' Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 42,190,568 41,821,778
Accumulated other comprehensive income, net of taxes (2,003) (2,823)
Retained earnings 97,131,281 95,201,732
Treasury stock at cost - 261,384 Class A shares in 2019 and 302,541 Class A shares in 2018 (276,457) (206,396)
Total stockholders' equity 174,049,485 171,811,173
Total Liabilities and Stockholders' Equity 1,055,771,959 1,050,811,123
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 30,625,374 30,609,596
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Common Class C    
Stockholders' Equity    
Common Stock, Value, Issued $ 4,380,722 $ 4,387,286