Note 4. Fair Value Disclosures: Fair Value Measurements, Recurring and Nonrecurring (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Fair Value Measurements, Recurring and Nonrecurring

		December 31, 2014
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	261,924	$	-	$	261,924
CMOs – residential		-		5,106		-		5,106
CMOs – commercial		-		-		953		953
US Government obligations		-		22,892		-		22,892
Agency MBS - residential		-		69		-		69
GSEs		-		14,656		-		14,656
States and political subdivisions		-		237,067		2,314		239,381
Foreign government		-		34,700		-		34,700
Redeemable preferred stocks		4,199		-		-		4,199
Total fixed maturities		4,199		576,414		3,267		583,880
Equity securities available-for-sale:
Common stocks		9,757		-		-		9,757
Nonredeemable preferred stocks		4,138		-		-		4,138
Total equity securities		13,895		-		-		13,895
Trading securities - equities		11,095		-		-		11,095
Total trading securities		11,095		-		-		11,095
Total Financial Assets	$	29,189	$	576,414	$	3,267	$	608,870
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	83	$	-	$	83

		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		-		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