Note 6. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

		December 31, 2012
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	353,823	$	-	$	353,823
CMOs - residential		-		6,041		14,053		20,094
CMOs - commercial		-		-		570		570
US Government obligations		-		18,866		-		18,866
Agency MBS - residential		-		428		-		428
GSEs		-		49,606		-		49,606
States and political subdivisions		-		265,667		2,558		268,225
Redeemable preferred stocks		7,990		-		-		7,990
Total fixed maturities		7,990		694,431		17,181		719,602
Equity securities available-for-sale:
Nonredeemable preferred stocks		15,598		-		-		15,598
Total equity securities		15,598		-		-		15,598
Trading securities - equities		7,016		-		-		7,016
Total trading securities		7,016		-		-		7,016
Total Financial Assets	$	30,604	$	694,431	$	17,181	$	742,216
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	363	$	-	$	363

		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
Redeemable preferred stocks		9,104		-		-		9,104
Total fixed maturities		9,104		820,208		22,665		851,977
Equity securities available-for-sale:
Common stocks		6,699		-		-		6,699
Nonredeemable preferred stocks		21,738		-		-		21,738
Total equity securities		28,437		-		-		28,437
Total Financial Assets	$	37,541	$	820,208	$	22,665	$	880,414
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	494	$	-	$	494