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

9 Months Ended

Sep. 30, 2014

Tables/Schedules

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

		September 30, 2014
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	239,831	$	-	$	239,831
CMOs - residential		-		3,165		-		3,165
CMOs - commercial		-		-		924		924
US Government obligations		-		22,785		-		22,785
Agency MBS - residential		-		72		-		72
GSEs		-		16,367		-		16,367
States and political subdivisions		-		231,806		2,347		234,153
Foreign government obligations		-		45,198		-		45,198
Redeemable preferred stocks		4,117		-		-		4,117
Total fixed maturities		4,117		559,224		3,271		566,612
Equity securities available-for-sale:
Common stocks		9,007		-		-		9,007
Nonredeemable preferred stocks		4,114		-		-		4,114
Total equity securities		13,121		-		-		13,121
Trading securities - equities		11,370		-		-		11,370
Total trading securities		11,370		-		-		11,370
Total Financial Assets	$	28,608	$	559,224	$	3,271	$	591,103
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	97	$	-	$	97

		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