Note 7. Fair Value Disclosures of Financial Instruments: Fair Value, Assets Measured on Recurring Basis (Tables)

3 Months Ended

Jun. 30, 2012

Fair Value, Assets Measured on Recurring Basis:

Fair Value, Assets Measured on Recurring Basis

		June 30, 2012
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	355,066	$	-	$	355,066
CMOs - residential		-		13,198		12,969		26,167
CMOs - commercial		-		-		551		551
US Government obligations		-		13,536		-		13,536
Agency MBS - residential		-		478		-		478
GSEs		-		54,624		-		54,624
States and political subdivisions		-		264,122		2,614		266,736
Total fixed maturities		-		701,024		16,134		717,158
Equity securities available-for-sale:
Common stocks		4,125		-		-		4,125
Preferred stocks - perpetual		16,772		-		-		16,772
Preferred stocks - with maturities		9,644		-		-		9,644
Total equity securities		30,541		-		-		30,541
Trading securities - equities		6,383		-		-		6,383
Total trading securities		6,383		-		-		6,383
Total Financial Assets	$	36,924	$	701,024	$	16,134	$	754,082
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	503	$	-	$	503

		December 31, 2011
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	323,140	$	-	$	323,140
CMOs - residential		-		14,648		22,127		36,775
CMOs - commercial		-		-		538		538
US Government obligations		-		166,582		-		166,582
Agency MBS - residential		-		585		-		585
GSEs		-		59,851		-		59,851
States and political subdivisions		-		255,402		-		255,402
Total fixed maturities		-		820,208		22,665		842,873
Equity securities available-for-sale:
Common stocks		6,699		-		-		6,699
Preferred stocks - perpetual		21,738		-		-		21,738
Preferred stocks - with maturities		9,104		-		-		9,104
Total equity securities		37,541		-		-		37,541
Total Financial Assets	$	37,541	$	820,208	$	22,665	$	880,414
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	494	$	-	$	494