Note 5. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)

3 Months Ended

Mar. 31, 2014

Tables/Schedules

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

		March 31, 2014
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	203,690	$	-	$	203,690
CMOs - residential		-		2,256		-		2,256
CMOs - commercial		-		-		869		869
US Government obligations		-		15,803		-		15,803
Agency MBS - residential		-		80		-		80
GSEs		-		18,536		-		18,536
States and political subdivisions		-		251,901		2,410		254,311
Foreign government obligations		-		35,635		-		35,635
Redeemable preferred stocks		3,914		-		-		3,914
Total fixed maturities		3,914		527,901		3,279		535,094
Equity securities available-for-sale:
Common stocks		7,880		-		-		7,880
Nonredeemable preferred stocks		4,115		-		-		4,115
Total equity securities		11,995		-		-		11,995
Trading securities - equities		10,594		-		-		10,594
Total trading securities		10,594		-		-		10,594
Total Financial Assets	$	26,503	$	527,901	$	3,279	$	557,683
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	186	$	-	$	186

		December 31, 2013
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	209,260	$	-	$	209,260
CMOs - residential		-		2,457		-		2,457
CMOs - commercial		-		-		593		593
US Government obligations		-		15,861		-		15,861
Agency MBS - residential		-		83		-		83
GSEs		-		28,148		-		28,148
States and political subdivisions		-		247,262		2,441		249,703
Foreign government obligations		-		32,350		-		32,350
Redeemable preferred stocks		3,832		-		-		3,832
Total fixed maturities		3,832		535,421		3,034		542,287
Equity securities available-for-sale:
Common stocks		7,775		-		-		7,775
Nonredeemable preferred stocks		4,028		-		-		4,028
Total equity securities		11,803		-		-		11,803
Trading securities - equities		7,125		-		-		7,125
Total trading securities		7,125		-		-		7,125
Total Financial Assets	$	22,760	$	535,421	$	3,034	$	561,215
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	204	$	-	$	204