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

6 Months Ended

Jun. 30, 2014

Tables/Schedules

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

		June 30, 2014
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	208,642	$	-	$	208,642
CMOs - residential		-		3,347		-		3,347
CMOs - commercial		-		-		906		906
US Government obligations		-		25,491		-		25,491
Agency MBS - residential		-		76		-		76
GSEs		-		19,672		-		19,672
States and political subdivisions		-		248,285		2,379		250,664
Foreign government obligations		-		58,731		-		58,731
Redeemable preferred stocks		4,198		-		-		4,198
Total fixed maturities		4,198		564,244		3,285		571,727
Equity securities available-for-sale:
Common stocks		8,848		-		-		8,848
Nonredeemable preferred stocks		4,114		-		-		4,114
Total equity securities		12,962		-		-		12,962
Trading securities - equities		11,600		-		-		11,600
Total trading securities		11,600		-		-		11,600
Total Financial Assets	$	28,760	$	564,244	$	3,285	$	596,289
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	166	$	-	$	166

		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