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

9 Months Ended

Sep. 30, 2012

Tables/Schedules

Fair Value, Assets Measured on Recurring Basis

		September 30, 2012
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	351,541	$	-	$	351,541
CMOs - residential		-		12,780		14,142		26,922
CMOs - commercial		-		-		560		560
US Government obligations		-		17,279		-		17,279
Agency MBS - residential		-		450		-		450
GSEs		-		50,170		-		50,170
States and political subdivisions		-		287,075		2,587		289,662
Total fixed maturities		-		719,295		17,289		736,584
Equity securities available-for-sale:
Common stocks		4,296		-		-		4,296
Preferred stocks - perpetual		15,800		-		-		15,800
Preferred stocks - with maturities		7,997		-		-		7,997
Total equity securities		28,093		-		-		28,093
Trading securities - equities		5,858		-		-		5,858
Total trading securities		5,858		-		-		5,858
Total Financial Assets	$	33,951	$	719,295	$	17,289	$	770,535
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	377	$	-	$	377

		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