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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $276,404,869 and $236,303,310 for 2022 and 2021) $ 270,676,282 $ 259,287,603
Equity securities at estimated fair value (cost of $9,730,028 and $8,275,772 for 2022 and 2021) 11,198,403 11,596,414
Mortgage loans held for investment (net of allowances for loan losses of $1,476,895 and $1,699,902 for 2022 and 2021) 274,691,626 277,306,046
Real estate held for investment (net of accumulated depreciation of $20,686,607 and $17,692,038 for 2022 and 2021) 196,555,705 197,365,797
Real estate held for sale 2,741,660 3,731,300
Other investments and policy loans (net of allowances for doubtful accounts of $1,800,076 and $1,686,218 for 2022 and 2021) 66,410,188 67,955,155
Accrued investment income 8,240,805 6,313,012
Total investments 830,514,669 823,555,327
Cash and cash equivalents 131,296,538 131,354,470
Loans held for sale at estimated fair value 209,860,409 302,776,827
Receivables (net of allowances for doubtful accounts of $1,742,118 and $1,800,725 for 2022 and 2021) 19,966,704 18,316,116
Restricted assets (including $5,592,898 and $5,205,510 for 2022 and 2021 at estimated fair value) 17,531,716 16,938,122
Cemetery perpetual care trust investments (including $3,095,338 and $4,087,245 for 2022 and 2021 at estimated fair value) 7,533,312 7,835,721
Receivable from reinsurers 14,767,274 14,850,608
Cemetery land and improvements 9,036,805 8,977,877
Deferred policy and pre-need contract acquisition costs 107,247,714 105,049,983
Mortgage servicing rights, net 56,289,255 53,060,455
Property and equipment, net 20,943,549 21,517,598
Value of business acquired 10,418,912 8,421,432
Goodwill 5,253,783 5,253,783
Other 31,507,175 29,684,987
Total Assets 1,472,167,815 1,547,593,306
Liabilities    
Future policy benefits and unpaid claims 875,727,865 863,274,693
Unearned premium reserve 2,944,116 3,060,738
Bank and other loans payable 200,344,907 251,286,927
Deferred pre-need cemetery and mortuary contract revenues 15,519,297 14,508,022
Cemetery perpetual care obligation 5,016,085 4,915,285
Accounts payable 5,915,042 10,166,573
Other liabilities and accrued expenses 59,206,675 69,578,138
Income taxes 27,008,773 31,036,096
Total liabilities 1,191,682,760 1,247,826,472
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 64,657,027 57,985,947
Accumulated other comprehensive income (loss), net of taxes (4,430,367) 18,070,448
Retained earnings 183,273,171 184,537,489
Treasury stock at cost - 746,778 Class A shares and 34,016 Class C shares in 2022; and 108,079 Class A shares and 109,193 Class C shares in 2021 (6,229,574) (1,845,624)
Total stockholders’ equity 280,485,055 299,766,834
Total Liabilities and Stockholders’ Equity 1,472,167,815 1,547,593,306
Common Class A [Member]    
Stockholders’ Equity    
Common Stock, Value 37,357,376 35,285,444
Common Class B [Member]    
Stockholders’ Equity    
Common Stock, Value
Common Class C [Member]    
Stockholders’ Equity    
Common Stock, Value $ 5,857,422 $ 5,733,130