Note 5. Fair Value Disclosures: Fair Value Measurements, Recurring and Nonrecurring (Tables)

9 Months Ended

Sep. 30, 2015

Tables/Schedules

Fair Value Measurements, Recurring and Nonrecurring

		September 30, 2015
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	166,247	$	-	$	166,247
CMOs - residential		-		3,210		-		3,210
CMOs - commercial		-		-		1,278		1,278
US Government obligations		-		36,603		-		36,603
Agency MBS - residential		-		37		-		37
GSEs		-		11,683		-		11,683
States and political subdivisions		-		208,676		2,215		210,891
Foreign government obligations		-		1,887		-		1,887
Redeemable preferred stocks		4,093		-		-		4,093
Total fixed maturities		4,093		428,343		3,493		435,929
Equity securities available-for-sale:
Common stocks		4,572		-		-		4,572
Nonredeemable preferred stocks		4,176		-		-		4,176
Total equity securities		8,748		-		-		8,748
Trading securities - equities		8,993		-		-		8,993
Total trading securities		8,993		-		-		8,993
Total Financial Assets	$	21,834	$	428,343	$	3,493	$	453,670
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	21	$	-	$	21
Contingent liabilities		-		-		2,179		2,179
Total Financial Liabilities		-		21		2,179		2,200

		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