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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at estimated fair value $ 348,628,792 $ 355,977,820
Equity securities at estimated fair value 11,791,511 7,271,165
Mortgage loans held for investment (net of allowances for loan losses of $2,443,557 and $1,453,037 for 2020 and 2019) 260,418,004 236,694,546
Real estate held for investment (net of accumulated depreciation of $12,801,555 and $12,788,739 for 2020 and 2019) 113,192,422 102,756,946
Real estate held for sale 10,598,341 14,097,627
Other investments and policy loans (net of allowances for doubtful accounts of $1,533,696 and $1,448,026 for 2020 and 2019) 65,700,611 60,245,269
Accrued investment income 5,008,772 4,833,232
Total investments 815,338,453 781,876,605
Cash and cash equivalents 116,961,182 127,754,719
Loans held for sale at estimated fair value 356,949,958 213,457,632
Receivables (net of allowances for doubtful accounts of $1,731,873 and $1,724,156 for 2020 and 2019) 10,208,989 9,236,330
Restricted assets (including $3,029,593 and $2,985,347 for 2020 and 2019 at estimated fair value) 16,445,277 13,935,317
Cemetery perpetual care trust investments (including $2,671,716 and $2,581,124 for 2020 and 2019 at estimated fair value) 5,230,630 4,411,864
Receivable from reinsurers 15,858,896 15,747,768
Cemetery land and improvements 9,173,403 9,519,950
Deferred plicy and pre-need contract acquisition costs 97,528,343 94,701,920
Mortgage servicing rights, net 21,695,123 17,155,529
Property and equipment, net 12,952,262 14,600,394
Value of business acquired 9,570,741 9,876,647
Goodwill 3,519,588 3,519,588
Other 29,628,897 18,649,812
Total Assets 1,521,061,742 1,334,444,075
Liabilities    
Future policy benefits and unpaid claims 837,481,978 825,600,918
Unearned premium reserve 3,476,463 3,621,697
Bank and other loans payable 347,139,008 217,572,612
Deferred pre-need cemetery and mortuary contract revenues 12,930,466 12,607,978
Cemetery Perpetual Care Trust Obligation 4,003,169 3,933,719
Accounts payable 4,920,178 5,056,983
Other liabilities and accrued expenses 62,689,482 50,652,591
Income Taxes 25,806,772 18,686,972
Total liabilities 1,298,447,516 1,137,733,470
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 48,917,891 46,091,112
Accumulated other comprehensive income, net of taxes 16,894,089 13,726,514
Retained earnings 120,126,524 101,256,229
Treasury stock at cost - 349,850 Class A shares in 2020 and 490,823 Class A shares in 2019 (1,542,276) (1,580,582)
Total stockholders' equity 222,614,226 196,710,605
Total Liabilities and Stockholders' Equity 1,521,061,742 1,334,444,075
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 33,115,108 32,215,558
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Common Class C    
Stockholders' Equity    
Common Stock, Value, Issued $ 5,102,890 $ 5,001,774