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

9 Months Ended

Sep. 30, 2016

Tables/Schedules

Fair Value, Assets Measured on Recurring Basis

		September 30, 2016
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	201,617	$	-	$	201,617
CMOs - residential		-		6,363		-		6,363
US Government obligations		-		34,085		-		34,085
Agency MBS - residential		-		26		-		26
GSEs		-		10,180		-		10,180
States and political subdivisions		-		200,909		2,070		202,979
Foreign government obligations		-		5,653		-		5,653
Redeemable preferred stocks		11,445		-		-		11,445
Total fixed maturities		11,445		458,833		2,070		472,348
Equity securities available-for-sale:
Common stocks		3,018		-		-		3,018
Nonredeemable preferred stocks		3,667		-		-		3,667
Total equity securities		6,685		-		-		6,685
Trading securities - equities		1,135		-		-		1,135
Total trading securities		1,135		-		-		1,135
Total Financial Assets	$	19,265	$	458,833	$	2,070	$	480,168
FINANCIAL LIABILITIES:
Contingent liabilities	$	-	$	-	$	356	$	356
Total Financial Liabilities	$	-	$	-	$	356	$	356

		December 31, 2015
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	166,846	$	-	$	166,846
CMOs - residential		-		3,056		-		3,056
CMOs - commercial		-		-		1,195		1,195
US Government obligations		-		44,794		-		44,794
Agency MBS - residential		-		35		-		35
GSEs		-		11,562		-		11,562
States and political subdivisions		-		192,487		2,179		194,666
Foreign government obligations		-		2,324		-		2,324
Redeemable preferred stocks		4,123		-		-		4,123
Total fixed maturities		4,123		421,104		3,374		428,601
Equity securities available-for-sale:
Common stocks		4,784		-		-		4,784
Nonredeemable preferred stocks		3,642		-		-		3,642
Total equity securities		8,426		-		-		8,426
Trading securities - equities		1,259		-		-		1,259
Total trading securities		1,259		-		-		1,259
Total Financial Assets	$	13,808	$	421,104	$	3,374	$	438,286
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	11	$	-	$	11
Contingent liabilities		-		-		1,650		1,650
Total Financial Liabilities	$	-	$	11	$	1,650	$	1,661