Security National Financial (SNFCA) 10-Q 25 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 21, 2017
Entity Registrant Name	SECURITY NATIONAL FINANCIAL CORP
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Trading Symbol	snfca
Amendment Flag	false
Entity Central Index Key	318,673
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Class A Common Stock
Entity Common Stock, Shares Outstanding		13,820,079
Class C Common Stock
Entity Common Stock, Shares Outstanding		2,005,026

Balance Sheet

Balance Sheet - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Investments:
Fixed maturity securities, held to maturity, at amortized cost	$ 193,208,660	$ 184,979,644
Equity securities, available for sale, at estimated fair value	6,499,100	10,573,356
Mortgage loans on real estate and construction loans, held for investment (net of allowances for loan losses of $1,921,028 and $1,748,783 for 2017 and 2016)	134,999,264	149,181,578
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	151,355,029	145,165,921
Policy loans and other investments (net of allowances for doubtful accounts of $1,072,529 and $1,119,630 for 2017 and 2016)	40,987,994	40,937,146
Short-term investments	23,448,480	27,560,040
Accrued investment income	3,300,540	3,163,775
Total investments	553,799,067	561,561,460
Cash and cash equivalents	82,258,418	38,987,430
Loans held for sale	172,772,535	189,139,832
Receivables (net of allowances for doubtful accounts of $2,609,643and $2,355,482 for 2017 and 2016)	5,919,706	7,050,283
Restricted assets	10,152,550	10,391,394
Cemetery perpetual care trust investments	4,322,060	4,131,885
Receivable from reinsurers	13,280,043	13,079,668
Cemetery land and improvements	10,561,992	10,672,836
Deferred policy and pre-need contract acquisition costs	75,286,393	69,118,745
Mortgage servicing rights, net	20,096,965	18,872,362
Property and equipment, net	7,965,086	8,791,522
Value of business acquired	7,079,387	7,570,300
Goodwill	2,765,570	2,765,570
Other assets	10,254,418	9,545,296
Total Assets	976,514,190	951,678,583
Liabilities
Future policy benefits and unpaid claims	592,762,559	584,067,692
Unearned premium reserve	4,340,622	4,469,771
Bank and other loans payable	163,582,661	152,140,679
Deferred pre-need cemetery and mortuary contract revenues	12,477,400	12,360,249
Cemetery perpetual care obligation	3,662,070	3,598,580
Accounts payable	3,338,457	4,213,109
Other liabilities and accrued expenses	31,068,330	33,950,503
Income taxes	27,657,321	24,318,869
Total liabilities	838,889,420	819,119,452
Common Stock:
Additional paid-in capital	35,185,487	34,813,246
Accumulated other comprehensive income, net of taxes	242,213	264,822
Retained earnings	71,751,784	67,409,204
Treasury stock at cost - 625,871 Class A shares in 2017 and 704,122 Class A shares in 2016	(1,204,924)	(1,370,611)
Total stockholders' equity	137,624,770	132,559,131
Total Liabilities and Stockholders' Equity	976,514,190	951,678,583
Class A Common Stock
Common Stock:
Common stock	27,640,158	27,638,012
Class B Common Stock
Common Stock:
Common stock
Class C Common Stock
Common Stock:
Common stock	4,010,052	3,804,458
Preferred Stock
Preferred Stock:
Preferred stock

Balance Sheet Parenthetical

Balance Sheet Parenthetical - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Allowance for losses on mortgage loans on real estate and construction loans, held for investment	$ 1,921,028	$ 1,748,783
Accumulated depreciation on real estate held for investment	17,064,559	16,138,439
Allowance for doubtful accounts on policy and other loans	1,072,529	1,119,630
Allowance for doubtful accounts on receivables	$ 2,609,643	$ 2,355,482
Preferred Stock Par Value	$ 1	$ 1
Preferred Stock Authorized	5,000,000	5,000,000
Class A Common Stock
Common Stock Par Value	$ 2	$ 2
Common Stock Authorized	20,000,000	20,000,000
Common Stock Issued	13,820,079	13,819,006
Treasury Stock	625,871	704,122
Class B Common Stock
Common Stock Par Value	$ 1	$ 1
Common Stock Authorized	5,000,000	5,000,000
Common Stock Issued
Common Stock Outstanding
Class C Common Stock
Common Stock Par Value	$ 2	$ 2
Common Stock Authorized	3,000,000	3,000,000
Common Stock Issued	2,005,026	1,902,229

Income Statement

Income Statement - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Insurance premiums and other considerations	$ 17,498,500	$ 15,899,526	$ 34,855,624	$ 30,351,101
Net investment income	9,747,475	9,135,820	19,310,757	18,128,011
Net mortuary and cemetery sales	3,280,375	3,520,071	6,639,348	6,765,927
Realized gains on investments and other assets	887,402	120,543	1,032,732	218,465
Other than temporary impairments on investments	(266,227)	(30,000)	(318,366)	(103,630)
Mortgage fee income	39,948,197	49,825,887	78,376,051	91,037,895
Other income	2,075,836	1,615,380	4,104,709	3,145,806
Total revenues	73,171,558	80,087,227	144,000,855	149,543,575
Benefits and expenses:
Death benefits	8,547,019	7,336,129	17,341,617	15,160,130
Surrenders and other policy benefits	680,117	560,859	1,537,648	1,079,180
Increase in future policy benefits	5,366,096	5,272,358	10,934,138	9,394,059
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	1,768,769	1,707,552	4,032,808	3,920,388
Selling, general and administrative expenses:
Commissions	18,522,758	24,608,753	34,877,806	43,819,721
Personnel	17,964,918	17,582,835	36,554,605	34,780,207
Advertising	1,485,604	1,969,945	2,796,278	3,047,955
Rent and rent related	2,296,495	2,048,397	4,436,033	4,112,722
Depreciation on property and equipment	581,026	536,489	1,206,838	1,057,944
Costs related to funding mortgage loans	2,286,107	1,958,625	4,505,756	4,591,379
Other expenses	7,760,849	6,832,076	15,191,800	13,312,787
Interest expense	1,385,354	1,235,151	2,639,393	2,299,346
Cost of goods and services sold-mortuaries and cemeteries	532,147	452,172	1,054,066	910,791
Total benefits and expenses	69,177,259	72,101,341	137,108,786	137,486,609
Earnings before income taxes	3,994,299	7,985,886	6,892,069	12,056,966
Income tax expense	(1,508,435)	(2,968,880)	(2,546,205)	(4,502,019)
Net earnings	$ 2,485,864	$ 5,017,006	$ 4,345,864	$ 7,554,947
Net earnings per Class A Equivalent common share (1)	$ 0.16	$ 0.34	$ 0.29	$ 0.51
Net earnings per Class A Equivalent common share-assuming dilution (1)	$ 0.16	$ 0.33	$ 0.28	$ 0.50
Weighted-average Class A equivalent common share outstanding (1)	15,161,689	14,747,976	15,110,119	14,702,187
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1)	15,492,277	15,111,324	15,454,507	15,114,535

Comprehensive Income Statement

Comprehensive Income Statement - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Comprehensive Income Statement
Net earnings	$ 2,485,864	$ 5,017,006	$ 4,345,864	$ 7,554,947
Other comprehensive income:
Unrealized gains on derivative instruments	1,021	2,804	2,616	5,541
Unrealized gains (losses) on available for sale securities	(67,708)	38,582	(37,838)	471,589
Other comprehensive income (loss) before income tax	(66,687)	41,386	(35,222)	477,130
Income tax (expense) benefit	22,786	(28,779)	12,613	(164,956)
Other comprehensive income (loss) net of income tax	(43,901)	12,607	(22,609)	312,174
Comprehensive income	$ 2,441,963	$ 5,029,613	$ 4,323,255	$ 7,867,121

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Class A Common Stock	Class C Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock	Total
Balance at Dec. 31, 2015	$ 26,218,200	$ 3,419,280	$ 30,232,582	$ (499,358)	$ 60,525,404	$ (2,179,429)	$ 117,716,679
Other comprehensive income (loss)				312,174			312,174
Grant of stock options			168,478				168,478
Exercise of stock options	56,920		4,367				61,287
Sale of treasury stock			274,184			374,472	648,656
Net earnings					7,554,947		7,554,947
Stock Dividends	274	12,768	30,779		(43,821)
Conversion Class C to Class A	8	(8)
Balance at Jun. 30, 2016	26,275,402	3,432,040	30,710,390	(187,184)	68,036,530	(1,804,957)	126,462,221
Balance at Dec. 31, 2016	27,638,012	3,804,458	34,813,246	264,822	67,409,204	(1,370,611)	132,559,131
Other comprehensive income (loss)				(22,609)			(22,609)
Grant of stock options			203,312				203,312
Exercise of stock options	2	206,804	(206,806)
Sale of treasury stock			373,385			351,157	724,542
Purchase of treasury stock						(185,470)	(185,470)
Net earnings					4,345,864		4,345,864
Stock Dividends	930	4	2,350		(3,284)
Conversion Class C to Class A	1,214	(1,214)
Balance at Jun. 30, 2017	$ 27,640,158	$ 4,010,052	$ 35,185,487	$ 242,213	$ 71,751,784	$ (1,204,924)	$ 137,624,770

Statement of Cash Flows

Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 20,042,049	$ (11,694,122)
Securities held to maturity:
Purchase-fixed maturity securities	(14,739,655)	(6,011,449)
Calls and maturities - fixed maturity securities	5,780,429	7,461,029
Securities available for sale:
Purchase - equity securities	(4,662,660)	(3,092,638)
Sales - equity securities	8,728,231	2,858,859
Purchases of short-term investments	(10,545,721)	(7,982,751)
Sales of short-term investments	14,657,281	4,122,893
Net changes in restricted assets	234,989	(379,488)
Net changes in perpetual care trusts	(138,214)	636,032
Mortgage loans, policy loans, and other investments made	(225,709,097)	(223,703,013)
Payments received for mortgage loans, policy loans and other investments	243,249,202	213,224,702
Purchase of property and equipment	(396,225)	(796,922)
Sale of property and equipment	9,973	33,994
Purchase of real estate	(9,792,553)	(11,122,083)
Sale of real estate	6,955,785	3,559,261
Net cash provided by (used in) investing activities	13,631,765	(21,191,574)
Cash flows from financing activities:
Investment contract receipts	6,619,919	5,089,479
Investment contract withdrawals	$ (8,281,872)	(6,138,482)
Proceeds from stock options exercised		61,287
Purchase of treasury stock	(185,470)
Repayment of bank loans	$ (1,450,283)	(777,883)
Proceeds from borrowing on bank loans	13,785,915	2,472,468
Net change in warehouse line borrowings	(891,035)	28,925,507
Net cash provided by financing activities	9,597,174	29,632,376
Net change in cash and cash equivalents	43,270,988	(3,253,320)
Cash and cash equivalents at beginning of period	38,987,430	40,053,242
Cash and cash equivalents at end of period	82,258,418	36,799,922
Cash paid during the year for:
Interest (net of amount capitalized)	2,617,241	2,315,042
Income taxes (net of refunds)	(804,859)	981,981
Non Cash Operating, Investing and Financing Activities:
Transfer of loans held for sale to mortgage loans held for investment	5,032,147	7,386,432
Accrued real estate construction costs and retainage	3,013,225
Mortgage loans foreclosed into real estate	1,345,213	573,658
Benefit plans funded with treasury stock	$ 724,542	$ 648,656

1) Basis of Presentation

1) Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Notes
1) Basis of Presentation	1) Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10 Q and Articles 8 and 10 of Regulation S X. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements of the Company and notes thereto for the year ended December 31, 2016, included in the Company’s Annual Report on Form 10-K/A (file number 000-09341). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The presentation of certain amounts in the prior year have been reclassified to conform to the 2017 presentation. See additional discussion regarding correction of errors in Notes 21 and 22 included in the Company's Form 10-K/A for the year ended December 31, 2016. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment; those used in determining the liability for future policy benefits and unearned revenue; those used in determining the estimated future costs for pre-need sales; those used in determining the value of mortgage servicing rights; those used in determining allowances for loan losses for mortgage loans on real estate; those used in determining loan loss reserve; and those used in determining deferred tax assets and liabilities. Although some variability is inherent in these estimates, management believes the amounts provided are fairly stated in all material respects.

2) Recent Accounting Pronouncem

2) Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Notes
2) Recent Accounting Pronouncements	2) Recent Accounting Pronouncements ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” – Issued in June 2016, ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current generally accepted accounting principles (“GAAP”) and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however Topic 326 will require that credit losses be presented as an allowance rather than as a write-down. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2019. The Company is in the process of evaluating the potential impact of this standard, which is not expected to be material to the Company’s results of operations but will have an effect on the balance sheet presentation. ASU No. 2016-02: “Leases (Topic 842)” - Issued in February 2016, ASU 2016-02 supersedes the requirements in ASC Topic 840, “Leases”, and was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2018. The Company is in the process of evaluating the potential impact of this standard, which is not expected to be material to the Company’s results of operations but will have an effect on the balance sheet presentation for leased assets and obligations. ASU No. 2016-01: “Financial Instruments – Overall (Topic 825-10)” – Issued in January 2016, ASU 2016-01 changes the accounting for non-consolidated equity investments that are not accounted for under the equity method of accounting by requiring changes in fair value to be recognized in income. Under current guidance, changes in fair value for investments of this nature are recognized in accumulated other comprehensive income as a component of stockholders’ equity. Additionally, ASU 2016-01 simplifies the impairment assessment of equity investments without readily determinable fair values; requires entities to use the exit price when estimating the fair value of financial instruments; and modifies various presentation disclosure requirements for financial instruments. The Company holds equity securities classified as available for sale securities that are currently measured at fair value with changes in fair value recognized through other comprehensive income. Upon adoption of ASU 2016-01 the Company will be required to recognize changes in the fair value of these equity securities through earnings, thus increasing the volatility of the Company’s earnings. However, adoption of this standard will not significantly affect the Company’s comprehensive income or stockholders’ equity. See Note 3 for details regarding the Company’s equity securities currently classified as available for sale. This new authoritative guidance is effective for interim and annual periods beginning after December 15, 2017, with the cumulative effect of the adoption made to the balance sheet as of the date of adoption. Thus, the adoption will result in a reclassification of the related accumulated net unrealized gains (losses) currently included in accumulated other comprehensive income to retained earnings. The Company will adopt this standard beginning January 1, 2018. ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)” - Issued in May 2014, ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition”. ASU 2014-09 clarifies the principles for recognizing revenue in order to improve comparability of revenue recognition practices across entities and industries. ASU 2014-09 provides guidance intended to assist in the identification of contracts with customers and separate performance obligations within those contracts, the determination and allocation of the transaction price to those identified performance obligations and the recognition of revenue when a performance obligation has been satisfied. ASU 2014-09 also requires disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from contracts with customers. Insurance contracts are excluded from the scope of this new guidance. Upon adoption, ASU 2014-09 provides for transition through either a full retrospective approach requiring the restatement of all presented prior periods or a modified retrospective approach, which allows the new recognition standard to be applied to only those contracts that are not completed at the date of transition. If the modified retrospective approach is adopted, a cumulative effect adjustment to retained earnings is performed with additional disclosures required including the amount by which each line item is affected by the transition as compared to the guidance in effect before adoption and an explanation of the reasons for significant changes in these amounts. The Company intends to adopt ASU 2014-09 using the modified retrospective method. The Company does not expect to record a cumulative effect adjustment to its beginning retained earnings as a result of adoption of ASU 2014-09. The Company’s revenues from contracts with customers that are subject to ASU 2014-09 include mortgage servicing fees and revenues on mortuary and cemetery contracts. The recognition and measurement of these items is not expected to change as a result of the Company’s adoption of ASU 2014-09 and thus the Company does not expect that the adoption of ASU 2014-09 will significantly impact the Company’s results of operations or financial position but is still in the process of evaluating the final impact. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2017. The Company will adopt this standard beginning January 1, 2018. The Company has reviewed other recent accounting pronouncements and has determined that they will not significantly impact the Company’s results of operations or financial position.

3) Investments

3) Investments	6 Months Ended
	Jun. 30, 2017
Notes
3) Investments	3) Investments The Company’s investments in fixed maturity securities held to maturity and equity securities available for sale as of June 30, 2017 are summarized as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 30, 2017 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 14,420,200 $ 248,373 $ (59,763) $ 14,608,810 Obligations of states and political subdivisions 5,973,209 130,535 (89,335) 6,014,409 Corporate securities including public utilities 161,579,151 13,657,535 (2,170,322) 173,066,364 Mortgage-backed securities 10,612,465 238,013 (159,091) 10,691,387 Redeemable preferred stock 623,635 39,838 - 663,473 Total fixed maturity securities held to maturity $ 193,208,660 $ 14,314,294 $ (2,478,511) $ 205,044,443 Equity securities available for sale at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,969,968 $ 388,504 $ (859,372) $ 6,499,100 Total equity securities available for sale at estimated fair value $ 6,969,968 $ 388,504 $ (859,372) $ 6,499,100 Mortgage loans on real estate and construction loans held for investment at amortized cost: Residential $ 63,031,000 Residential construction 34,512,524 Commercial 39,763,788 Less: Unamortized deferred loan fees, net (387,020) Less: Allowance for loan losses (1,921,028) Total mortgage loans on real estate and construction loans held for investment $ 134,999,264 Real estate held for investment - net of depreciation $ 151,355,029 Policy loans and other investments are shown at amortized cost: Policy loans $ 6,685,452 Insurance assignments 32,450,071 Other investments 2,925,000 Less: Allowance for doubtful accounts (1,072,529) Total policy loans and other investments $ 40,987,994 Short-term investments at amortized cost $ 23,448,480 The Company’s investments in fixed maturity securities held to maturity and equity securities available for sale as of December 31, 2016 are summarized as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2016 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 4,475,065 $ 249,028 $ (66,111) $ 4,657,982 Obligations of states and political subdivisions 6,017,225 153,514 (133,249) 6,037,490 Corporate securities including public utilities 164,375,636 10,440,989 (3,727,013) 171,089,612 Mortgage-backed securities 9,488,083 221,400 (280,871) 9,428,612 Redeemable preferred stock 623,635 13,418 - 637,053 Total fixed maturity securities held to maturity $ 184,979,644 $ 11,078,349 $ (4,207,244) $ 191,850,749 Equity securities available for sale at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,985,338 $ 447,110 $ (859,092) $ 10,573,356 Total securities available for sale carried at estimated fair value $ 10,985,338 $ 447,110 $ (859,092) $ 10,573,356 Mortgage loans on real estate and construction loans held for investment at amortized cost: Residential $ 58,593,622 Residential construction 40,800,117 Commercial 51,536,622 Less: Allowance for loan losses (1,748,783) Total mortgage loans on real estate and construction loans held for investment $ 149,181,578 Real estate held for investment - net of depreciation $ 145,165,921 Policy loans and other investments are shown at amortized cost: Policy loans $ 6,694,148 Insurance assignments 33,548,079 Promissory notes 48,797 Other investments 1,765,752 Less: Allowance for doubtful accounts (1,119,630) Total policy loans and other investments $ 40,937,146 Short-term investments at amortized cost $ 27,560,040 Fixed Maturity Securities The following tables summarize unrealized losses on fixed maturity securities, which are carried at amortized cost, at June 30, 2017 and December 31, 2016. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At June 30, 2017 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 59,763 $ 12,614,366 $ - $ - $ 59,763 $ 12,614,366 Obligations of states and political subdivisions 89,335 2,964,864 - - 89,335 2,964,864 Corporate securities 696,803 19,580,014 1,473,519 11,365,599 2,170,322 30,945,613 Mortgage-backed securities 99,586 2,845,871 59,505 1,097,380 159,091 3,943,251 Total unrealized losses $ 945,487 $ 38,005,115 $ 1,533,024 $ 12,462,979 $ 2,478,511 $ 50,468,094 At December 31, 2016 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 66,111 $ 1,342,088 $ - $ - $ 66,111 $ 1,342,088 Obligations of states and political subdivisions 133,249 3,686,856 - - 133,249 3,686,856 Corporate securities 1,728,312 41,796,016 1,998,701 12,969,135 3,727,013 54,765,151 Mortgage-backed securities 176,715 4,176,089 104,156 940,278 280,871 5,116,367 Total unrealized losses $ 2,104,387 $ 51,001,049 $ 2,102,857 $ 13,909,413 $ 4,207,244 $ 64,910,462 There were 151 securities with an average fair value of 95.3% of amortized cost at June 30, 2017. There were 250 securities with unrealized losses of 93.9% of amortized cost at December 31, 2016. During the three months ended June 30, 2017 and 2016 an other than temporary decline in fair value resulted in the recognition of credit losses on fixed maturity securities of $266,227 and $30,000, respectively, and for the six months ended June 30, 2017 and 2016 an other than temporary decline in fair value resulted in the recognition of credit losses on fixed maturity securities of $318,366 and $60,000, respectively. On a quarterly basis, the Company reviews its available for sale and held to maturity fixed investment securities related to corporate securities and other public utilities, consisting of bonds and preferred stocks that are in a loss position. The review involves an analysis of the securities in relation to historical values, and projected earnings and revenue growth rates. Based on the analysis, a determination is made whether a security will likely recover from the loss position within a reasonable period of time. If it is unlikely that the investment will recover from the loss position, the loss is considered to be other than temporary, the security is written down to the impaired value and an impairment loss is recognized. The amortized cost and estimated fair value of fixed maturity securities at June 30, 2017, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Estimated Fair Value Held to Maturity: Due in 2017 $ 2,711,324 $ 2,725,318 Due in 2018 through 2021 50,865,992 52,437,835 Due in 2022 through 2026 43,504,148 45,811,635 Due after 2026 84,891,096 92,714,795 Mortgage-backed securities 10,612,465 10,691,387 Redeemable preferred stock 623,635 663,473 Total held to maturity $ 193,208,660 $ 205,044,443 Equity Securities The following tables summarize unrealized losses on equity securities that were carried at estimated fair value based on quoted trading prices at June 30, 2017 and December 31, 2016. The unrealized losses were primarily the result of decreases in fair value due to overall equity market declines. The tables set forth unrealized losses by duration and number of investment positions, together with the fair value of the related equity securities available for sale in a loss position: Unrealized Losses for Less than Twelve Months No. of Investment Positions Unrealized Losses for More than Twelve Months No. of Investment Positions Total Unrealized Losses At June 30, 2017 Industrial, miscellaneous and all other $ 175,601 137 $ 683,771 84 $ 859,372 Total unrealized losses $ 175,601 137 $ 683,771 84 $ 859,372 Fair Value $ 1,275,336 $ 1,298,109 $ 2,573,445 At December 31, 2016 Industrial, miscellaneous and all other $ 215,563 124 $ 643,529 104 $ 859,092 Total unrealized losses $ 215,563 124 $ 643,529 104 $ 859,092 Fair Value $ 2,063,144 $ 1,685,874 $ 3,749,018 The average fair value of the equity securities available for sale was 75.0% and 81.4% of the original investment as of June 30, 2017 and December 31, 2016, respectively. The intent of the Company is to retain equity securities for a period of time sufficient to allow for the recovery in fair value. However, the Company may sell equity securities during a period in which the fair value has declined below the amount of the original investment. In certain situations, new factors, including changes in the business environment, can change the Company’s previous intent to continue holding a security. During the three months ended June 30, 2017 and 2016, an other than temporary decline in the fair value resulted in the recognition of no impairment loss on equity securities and for the six months ended June 30, 2017 and 2016, an other than temporary decline in the fair value resulted in the recognition of an impairment loss on equity securities of $-0- and $43,630, respectively. On a quarterly basis, the Company reviews its investment in industrial, miscellaneous and all other equity securities that are in a loss position. The review involves an analysis of the securities in relation to historical values, price earnings ratios, projected earnings and revenue growth rates. Based on the analysis, a determination is made whether a security will likely recover from the loss position within a reasonable period of time. If it is unlikely that the investment will recover from the loss position, the loss is considered to be other than temporary, the security is written down to the impaired value and an impairment loss is recognized. The fair values of fixed maturity securities are based on quoted market prices, when available. For fixed maturity securities not actively traded, fair values are estimated using values obtained from independent pricing services, or in the case of private placements, are estimated by discounting expected future cash flows using a current market value applicable to the coupon rate, credit and maturity of the investments. The fair values for equity securities are based on quoted market prices. The Company’s net realized gains and losses and other than temporary impairments from investments and other assets, are summarized as follows: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Fixed maturity securities held to maturity: Gross realized gains $ 50,987 $ 194,456 $ 53,422 $ 194,456 Gross realized losses (35,066) - (35,066) (2,878) Other than temporary impairments (266,227) (30,000) (318,366) (60,000) Equity securities available for sale: Gross realized gains 45,474 76,085 106,452 139,580 Gross realized losses (53,881) (8,724) (58,437) (32,602) Other than temporary impairments - - (43,630) Other assets: Gross realized gains 1,325,424 583,688 1,781,698 866,283 Gross realized losses (445,536) (724,962) (815,337) (946,374) Total $ 621,175 $ 90,543 $ 714,366 $ 114,835 The carrying amount of held to maturity securities sold was $255,509 and $1,789,159 for the six months ended June 30, 2017 and 2016, respectively. The net realized gain related to these sales was $39,374 and $156,171 for the six months ended June 30, 2017 and 2016, respectively. Although the intent is to buy and hold a bond to maturity the Company will sell a bond prior to maturity if conditions have changed within the entity that issued the bond to increase the risk of default to an unacceptable level. There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses on available for sale equity securities) at June 30, 2017, other than investments issued or guaranteed by the United States Government. Major categories of net investment income are as follows: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Fixed maturity securities $ 2,433,404 $ 2,011,637 $ 4,792,364 $ 4,062,206 Equity securities 68,868 59,252 133,403 130,293 Mortgage loans on real estate 2,128,345 2,295,531 4,340,521 4,306,506 Real estate 2,834,022 2,587,789 5,722,084 5,426,272 Policy loans 233,021 171,035 426,755 353,241 Insurance assignments 3,100,721 2,946,375 6,382,333 5,963,484 Other investments 12,448 13,962 19,990 13,962 Short-term investments, principally interest on sale of mortgage loans and other 1,988,945 2,001,301 3,804,548 3,879,983 Gross investment income 12,799,774 12,086,882 25,621,998 24,135,947 Investment expenses (3,052,299) (2,951,062) (6,311,241) (6,007,936) Net investment income $ 9,747,475 $ 9,135,820 $ 19,310,757 $ 18,128,011 Net investment income includes income earned by the restricted assets of the cemeteries and mortuaries of $124,983 and $74,365 for the three months ended June 30, 2017 and 2016, respectively, and $240,485 and $162,341 for the six months ended June 30, 2017 and 2016, respectively. Net investment income on real estate consists primarily of rental revenue. Investment expenses consist primarily of depreciation, property taxes, operating expenses of real estate and an estimated portion of administrative expenses relating to investment activities. Securities on deposit for regulatory authorities as required by law amounted to $9,267,402 at June 30, 2017 and $9,269,121 at December 31, 2016. The restricted securities are included in various assets under investments on the accompanying condensed consolidated balance sheets. Real Estate The Company continues to strategically deploy resources into real estate to match the income and yield durations of its primary obligations. The sources for these real estate assets come through its various business units in the form of acquisition, development mortgage foreclosures. Commercial Real Estate Held for Investment The Company owns and manages commercial real estate assets as a means of generating investment income. These assets are acquired in accordance with the Company’s goals and objectives for risk-adjusted returns. Due diligence is conducted on each asset using internal and third-party reports. Geographic locations and asset classes of the investment activity is determined by senior management under the direction of the Board of Directors. The Company employs full-time employees to attend to the day-to-day operations of those assets within the greater Salt Lake area and close surrounding markets. The Company utilizes third party property managers when the geographic boundary does not warrant full-time staff or through strategic lease-up periods. The Company generally looks to acquire assets in regions that are high growth regions for employment and population and in assets that provide operational efficiencies. The Company currently owns and operates 12 commercial properties in 7 states. These properties include industrial warehouses, office buildings, retail centers, undeveloped land and includes the redevelopment and expansion of its corporate campus in Salt Lake City, Utah. The assets are primarily held without debt; however, the Company does use debt in strategic cases to leverage established yields or to acquire higher quality or different class of asset. The following is a summary of the Company’s investment in commercial real estate for the periods presented: Net Ending Balance Total Square Footage June 30 December 31 June 30 December 31 2017 2016 2017 2016 Arizona $ 4,000 (1) $ 450,538 (1) - 16,270 Arkansas 98,269 100,369 3,200 3,200 Kansas 12,101,659 12,450,297 222,679 222,679 Louisiana 505,948 518,700 7,063 7,063 Mississippi 3,771,725 3,818,985 33,821 33,821 New Mexico 7,000 (1) 7,000 (1) - - Texas 3,744,730 3,734,974 23,470 23,470 Utah 59,851,183 (2) 47,893,073 (2) 433,244 433,244 $ 80,084,514 $ 68,973,936 723,477 739,747 (1) Includes undeveloped land (2) Includes 53rd Center completed in July 2017 Residential Real Estate Held for Investment The Company owns a portfolio of residential homes primarily as a result of loan foreclosures. The strategy has been to lease these homes to produce cash flow, and allow time for the economic fundamentals to return to the various markets. As an orderly and active market for these homes returns, the Company has the option to dispose or to continue and hold them for cash flow and acceptable returns. The Company established Security National Real Estate Services (“SNRE”) to manage the residential portfolio. SNRE cultivates and maintains the preferred vendor relationships necessary to manage costs and quality of work performed on the portfolio of homes across the country. As of June 30, 2017, SNRE manages 112 residential properties in 9 states across the United States which includes a newly constructed apartment complex, Dry Creek at East Village, in Sandy Utah. The following is a summary of the Company’s investment in residential real estate for the periods presented: Net Ending Balance June 30 December 31 2017 2016 Arizona $ 534,381 $ 742,259 California 5,621,924 5,848,389 Colorado - 364,489 Florida 7,462,137 8,327,355 Hawaii 712,286 - Ohio 46,658 46,658 Oklahoma 17,500 - Texas 513,962 1,091,188 Utah 56,075,486 59,485,466 Washington 286,181 286,181 $ 71,270,515 $ 76,191,985 Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the real estate owned by the Company. Currently, the Company occupies nearly 80,000 square feet, or approximately 10% of the overall commercial real estate holdings. As of June 30, 2017, real estate owned and occupied by the company is summarized as follows: Location Business Segment Approximate Square Footage Square Footage Occupied by the Company 5300 South 360 West, Salt Lake City, UT (1) Corporate Offices, Life Insurance and Cemetery/Mortuary Operations 36,000 100% 5201 Green Street, Salt Lake City, UT Mortgage Operations 36,899 34% 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 5,522 27% (1) This asset is included in property and equipment on the Condensed Consolidated Balance Sheet Mortgage Loans Mortgage loans consist of first and second mortgages. The mortgage loans bear interest at rates ranging from 2.0% to 10.5%, maturity dates range from three months to 30 years and are secured by real estate. Concentrations of credit risk arise when a number of mortgage loan debtors have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Although the Company has a diversified mortgage loan portfolio consisting of residential mortgages, commercial loans and residential construction loans and requires collateral on all real estate exposures, a substantial portion of its debtors’ ability to honor obligations is reliant on the economic stability of the geographic region in which the debtors do business. At , the Company had 42%, %, %, % % of its mortgage loans from borrowers located in the states of Utah, California, Texas, Florida, , respectively. The mortgage loans on real estate balances on the onsolidated alance heet are reflected net of an allowance for loan losses of $1,921,028 and $ at , respectively. The Company establishes a valuation allowance for credit losses in its portfolio. The following is a summary of the allowance for loan losses as a contra-asset account for the periods presented: Allowance for Credit Losses and Recorded Investment in Mortgage Loans Commercial Residential Residential Construction Total June 30, 2017 Allowance for credit losses: Beginning balance - January 1, 2017 $ 187,129 $ 1,461,540 $ 100,114 $ 1,748,783 Charge-offs - (49,775) (64,894) (114,669) Provision - 286,914 - 286,914 Ending balance - June 30, 2017 $ 187,129 $ 1,698,679 $ 35,220 $ 1,921,028 Ending balance: individually evaluated for impairment $ - $ 397,938 $ - $ 397,938 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,300,741 $ 35,220 $ 1,523,090 Mortgage loans: Ending balance $ 39,763,788 $ 63,031,000 $ 34,512,524 $ 137,307,312 Ending balance: individually evaluated for impairment $ 1,216,035 $ 5,092,895 $ 375,233 $ 6,684,163 Ending balance: collectively evaluated for impairment $ 38,547,753 $ 57,938,105 $ 34,137,291 $ 130,623,149 December 31, 2016 Allowance for credit losses: Beginning balance - January 1, 2016 $ 187,129 $ 1,560,877 $ 100,114 $ 1,848,120 Charge-offs - (420,135) - (420,135) Provision - 320,798 - 320,798 Ending balance - December 31, 2016 $ 187,129 $ 1,461,540 $ 100,114 $ 1,748,783 Ending balance: individually evaluated for impairment $ - $ 374,501 $ - $ 374,501 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,087,039 $ 100,114 $ 1,374,282 Mortgage loans: Ending balance $ 51,536,622 $ 58,593,622 $ 40,800,117 $ 150,930,361 Ending balance: individually evaluated for impairment $ 202,992 $ 2,916,538 $ 64,895 $ 3,184,425 Ending balance: collectively evaluated for impairment $ 51,333,630 $ 55,677,084 $ 40,735,222 $ 147,745,936 The following is a summary of the aging of mortgage loans for the periods presented Age Analysis of Past Due Mortgage Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days (1) In Process of Foreclosure (1) Total Past Due Current Total Mortgage Loans Allowance for Loan Losses Unamortized deferred loan fees, net Net Mortgage Loans June 30, 2017 Commercial $ 522,607 $ - $ 1,012,500 $ 203,535 $ 1,738,642 $ 38,025,146 $ 39,763,788 $ (187,129) $ (184,983) $ 39,391,676 Residential 23,047 2,648,068 2,599,697 2,493,198 7,764,010 55,266,990 63,031,000 (1,698,679) (25,640) 61,306,681 Residential Construction - - 375,233 - 375,233 34,137,291 34,512,524 (35,220) (176,397) 34,300,907 Total $ 545,654 $ 2,648,068 $ 3,987,430 $ 2,696,733 $ 9,877,885 $ 127,429,427 $ 137,307,312 $ (1,921,028) $ (387,020) $ 134,999,264 December 31, 2016 Commercial $ - $ - $ - $ 202,992 $ 202,992 $ 51,333,630 $ 51,536,622 $ (187,129) $ - $ 51,349,493 Residential 964,960 996,779 1,290,355 1,626,183 4,878,277 53,715,345 58,593,622 (1,461,540) - 57,132,082 Residential Construction - - 64,895 - 64,895 40,735,222 40,800,117 (100,114) - 40,700,003 Total $ 964,960 $ 996,779 $ 1,355,250 $ 1,829,175 $ 5,146,164 $ 145,784,197 $ 150,930,361 $ (1,748,783) $ - $ 149,181,578 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure. Impaired Mortgage Loans Impaired mortgage loans include loans with a related specific valuation allowance or loans whose carrying amount has been reduced to the expected collectible amount because the impairment has been considered other than temporary. The recorded investment in and unpaid principal balance of impaired loans along with the related loan specific allowance for losses, if any, for each reporting period and the average recorded investment and interest income recognized during the time the loans were impaired were as follows: Impaired Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized June 30, 2017 With no related allowance recorded: Commercial $ 1,216,035 $ 1,216,035 $ - $ 709,514 $ - Residential - - - - - Residential construction 375,233 375,233 - 220,064 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 5,092,895 5,092,895 397,938 4,004,717 - Residential construction - - - - - Total: Commercial $ 1,216,035 $ 1,216,035 $ - $ 709,514 $ - Residential 5,092,895 5,092,895 397,938 4,004,717 - Residential construction 375,233 375,233 - 220,064 - December 31, 2016 With no related allowance recorded: Commercial $ 202,992 $ 202,992 $ - $ 202,992 $ - Residential - - - - - Residential construction 64,895 64,895 - 79,082 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 2,916,538 2,916,538 374,501 3,001,850 - Residential construction - - - - - Total: Commercial $202,992 $202,992 $- $202,992 $ - Residential 2,916,538 2,916,538 374,501 3,001,850 - Residential construction 64,895 64,895 - 79,082 - Credit Risk Profile Based on Performance Status The Company’s mortgage loan portfolio is monitored based on performance of the loans. Monitoring a mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The Company defines non-performing mortgage loans as loans 90 days or greater delinquent or on non-accrual status. The Company’s performing and non-performing mortgage loans were as follows: Mortgage Loan Credit Exposure Credit Risk Profile Based on Payment Activity Commercial Residential Residential Construction Total June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Performing $ 38,547,753 $ 51,333,630 $ 57,938,105 $ 55,677,084 $ 34,137,291 $ 40,735,222 $ 130,623,149 $ 147,745,936 Nonperforming 1,216,035 202,992 5,092,895 2,916,538 375,233 64,895 6,684,163 3,184,425 Total $ 39,763,788 $ 51,536,622 $ 63,031,000 $ 58,593,622 $ 34,512,524 $ 40,800,117 $ 137,307,312 $ 150,930,361 Non-Accrual Mortgage Loans Once a loan is past due 90 days, it is the policy of the Company to end the accrual of interest income on the loan and write off any income that had been accrued. Interest not accrued on these loans totals approximately $106,000 and $172,000 as of June 30, 2017 and December 31, 2016, respectively. The following is a summary of mortgage loans on a nonaccrual status for the periods presented. Mortgage Loans on Nonaccrual Status As of June 30 2017 As of December 31 2016 Commercial $ 1,216,035 $ 202,992 Residential 5,092,895 2,916,538 Residential construction 375,233 64,895 Total $ 6,684,163 $ 3,184,425 Loan Loss Reserve When a repurchase demand corresponding to a mortgage loan previously sold to a third-party investor is received from a third-party investor, the relevant data is reviewed and captured so that an estimated future loss can be calculated. The key factors that are used in the estimated loss calculation are as follows: (i) lien position, (ii) payment status, (iii) claim type, (iv) unpaid principal balance, (v) interest rate, and (vi) validity of the demand. Other data is captured and is useful for management purposes; the actual estimated loss is generally based on these key factors. The Company conducts its own review upon the receipt of a repurchase demand. In many instances, the Company is able to resolve the issues relating to the repurchase demand by the third-party investor without having to make any payments to the investor. The following is a summary of the loan loss reserve that is included in other liabilities and accrued expenses: As of June 30 2017 As of December 31 2016 Balance, beginning of period $ 627,733 $ 2,805,900 Provision on current loan originations (1) 953,453 2,988,754 Additional provision for loan loss reserve - 1,700,000 Charge-offs, net of recaptured amounts (446,067) (6,866,921) Balance, end of period $ 1,135,119 $ 627,733 (1) Included in Mortgage fee income The Company believes the loan loss reserve represents probable loan losses incurred as of the balance sheet date. Actual loan loss experience could change, in the near-term, from the established reserve based upon claims that could be asserted by third party investors. SecurityNational Mortgage believes there is potential to resolve any alleged claims by third party investors on acceptable terms. If SecurityNational Mortgage is unable to resolve such claims on acceptable terms, legal action may ensue. In the event of legal action by any third-party investor, SecurityNational Mortgage believes it has significant defenses to any such action and intends to vigorously defend itself against such action.

4) Stock-based Compensation

4) Stock-based Compensation	6 Months Ended
	Jun. 30, 2017
Notes
4) Stock-based Compensation	4) Stock Compensation Plans The Company has four fixed option plans (the “2003 Plan”, the “2006 Director Plan”, the “2013 Plan” and the “2014 Director Plan”). Compensation expense for options issued of $101,316 and $84,026 has been recognized for these plans for the three months ended June 30, 2017 and 2016, respectively, and $203,312 and $168,478 for the six months ended June 30, 2017 and 2016, respectively. As of June 30, 2017, the total unrecognized compensation expense related to the options issued was $172,148 , which is expected to be recognized over the vesting period of one year. The Company generally estimates the expected life of the options based upon the contractual term of the options adjusted for actual experience. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the estimated life of the options. Common stock issued upon exercise of stock options are generally new share issuances rather than from treasury shares. A summary of the status of the Company’s stock incentive plans as of June 30, 2017, and the changes during the six months ended June 30, 2017, are presented below: Number of Class A Shares Weighted Average Exercise Price Number of Class C Shares Weighted Average Exercise Price Outstanding at December 31, 2016 741,973 $ 4.33 556,298 $ 4.61 Granted - - Exercised - (103,402) 1.31 Cancelled - (24,227) 1.31 Outstanding at June 30, 2017 741,973 $ 4.33 428,669 $ 5.59 As of June 30, 2017: Options exercisable 671,816 $ 4.08 386,669 $ 5.40 As of June 30, 2017: Available options for future grant 525,682 227,750 Weighted average contractual term of options outstanding at June 30, 2017 6.87 years 2.88 years Weighted average contractual term of options exercisable at June 30, 2017 6.61 years 2.71 years Aggregated intrinsic value of options outstanding at June 30, 2017 (1) $1,564,592 $449,896 Aggregated intrinsic value of options exercisable at June 30, 2017 (1) $1,564,592 $449,896 (1) The Company used a stock price of $6.37 as of June 30, 2017 to derive intrinsic value. A summary of the status of the Company’s stock incentive plans as of June 30, 2016, and the changes during the six months ended June 30, 2016, are presented below: Number of Class A Shares Weighted Average Exercise Price Number of Class C Shares Weighted Average Exercise Price Outstanding at December 31, 2015 618,261 $ 3.89 577,436 $ 3.54 Granted - - Exercised (28,460) 2.15 - Cancelled - - Outstanding at June 30, 2016 589,801 $ 3.97 577,436 $ 3.54 As of June 30, 2016: Options exercisable 519,711 $ 3.65 524,936 $ 3.19 As of June 30, 2016: Available options for future grant 397,342 57,750 Weighted average contractual term of options outstanding at June 30, 2016 7.25 years 2.25 years Weighted average contractual term of options exercisable at June 30, 2016 6.96 years 2.03 years Aggregated intrinsic value of options outstanding at June 30, 2016 (1) $755,390 $1,001,904 Aggregated intrinsic value of options exercisable at June 30, 2016 (1) $755,390 $1,001,904 (1) The Company used a stock price of $4.89 as of June 30, 2016 to derive intrinsic value. The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during the six months ended June 30, 2017 and 2016 was $578,017 and $91,989 , respectively.

5) Earnings Per Share

5) Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Notes
5) Earnings Per Share	5) Earnings Per Share The basic and diluted earnings per share amounts were calculated as follows: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Numerator: Net earnings $ 2,485,864 $ 5,017,006 $ 4,345,864 $ 7,554,947 Denominator: Basic weighted-average shares outstanding 15,161,689 14,747,976 15,110,119 14,702,187 Effect of dilutive securities: Employee stock options 330,588 363,348 344,388 412,348 Diluted weighted-average shares outstanding 15,492,277 15,111,324 15,454,507 15,114,535 Basic net earnings per share $0.16 $0.34 $0.29 $0.51 Diluted net earnings per share $0.16 $0.33 $0.28 $0.50 Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the six months ended June 30, 2017 and 2016, there were 330,225 and 250,039 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive.

6) Business Segments

6) Business Segments	6 Months Ended
	Jun. 30, 2017
Notes
6) Business Segments	6) Business Segment Information Description of Products and Services by Segment The Company has three reportable business segments: life insurance, cemetery and mortuary, and mortgage. The Company’s life insurance segment consists of life insurance premiums and operating expenses from the sale of insurance products sold by the Company’s independent agency force and net investment income derived from investing policyholder and segment surplus funds. The Company’s cemetery and mortuary segment consists of revenues and operating expenses from the sale of at-need cemetery and mortuary merchandise and services at its mortuaries and cemeteries, pre-need sales of cemetery spaces after collection of 10% or more of the purchase price and the net investment income from investing segment surplus funds. The Company’s mortgage segment consists of fee income and expenses from the originations of residential mortgage loans and interest earned and interest expenses from warehousing pre-sold loans before the funds are received from financial institutional investors. Measurement of Segment Profit or Loss and Segment Assets The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles of the orm 10 K for the year ended December 31, 2016. Intersegment revenues are recorded at cost plus an agreed upon intercompany profit, and are eliminated upon consolidation. Factors Management Used to Identify the Enterprise’s Reportable Segments The Company’s reportable segments are business units that are managed separately due to the different products provided and the need to report separately to the various regulatory jurisdictions. The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported. Life Insurance Cemetery/ Mortuary Mortgage Intercompany Eliminations Consolidated For the Three Months Ended June 30, 2017 Revenues from external customers $ 25,723,657 $ 3,314,003 $ 44,133,898 $ - $ 73,171,558 Intersegment revenues 2,977,427 113,104 86,414 (3,176,945) - Segment profit before income taxes 2,818,600 335,877 839,822 - 3,994,299 For the Three Months Ended June 30, 2016 Revenues from external customers $ 23,569,437 $ 3,813,701 $ 52,704,089 $ - $ 80,087,227 Intersegment revenues 3,358,988 221,862 80,860 (3,661,710) - Segment profit before income taxes 2,542,035 759,607 4,684,244 - 7,985,886 For the Six Months Ended June 30, 2017 Revenues from external customers $ 51,882,358 $ 6,918,900 $ 85,199,597 $ - $ 144,000,855 Intersegment revenues 5,966,078 222,455 182,184 (6,370,717) - Segment profit before income taxes 4,302,080 1,094,788 1,495,201 - 6,892,069 Identifiable Assets 839,619,710 95,058,739 170,463,229 (131,393,058) 973,748,620 Goodwill 2,765,570 - - - 2,765,570 Total Assets 842,385,280 95,058,739 170,463,229 (131,393,058) 976,514,190 For the Six Months Ended June 30, 2016 Revenues from external customers $ 45,644,571 $ 7,144,467 $ 96,754,537 $ - $ 149,543,575 Intersegment revenues 6,462,434 508,787 160,339 (7,131,560) - Segment profit before income taxes 3,645,762 1,228,662 7,182,542 - 12,056,966 Identifiable Assets 727,655,688 95,831,664 194,523,880 (131,845,488) 886,165,744 Goodwill 2,765,570 - - - 2,765,570 Total Assets 730,421,258 95,831,664 194,523,880 (131,845,488) 888,931,314

7)_ Fair Value of Financial Ins

7): Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Notes
7): Fair Value of Financial Instruments	7) Fair Value of Financial Instruments Generally accepted accounting principles (GAAP) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. Fair value measurements are classified under the following hierarchy Level 1: Level 2: a) Quoted prices for similar assets or liabilities in active markets; b) Quoted prices for identical or similar assets or liabilities in non-active markets; or c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: The Company utilizes a combination of third party valuation service providers, brokers, and internal valuation models to determine fair value. The following methods and assumptions were used by the Company in estimating the fair value disclosures related to other significant financial instruments: The items shown under Level 1 and Level 2 are valued as follows: Securities Available for Sale and Held to Maturity : The fair values of investments in fixed maturity and equity securities along with methods used to estimate such values are disclosed in Note 3 of the Notes to the Condensed Consolidated Financial Statements. Restricted Assets : A portion of these assets include mutual funds and equity securities that have quoted market prices. Also included are cash and cash equivalents and participations in mortgage loans. The carrying amounts reported in the accompanying consolidated balance sheets for these financial instruments approximate their fair values. Cemetery Endowment Care Trust Investments : A portion of these assets include equity securities that have quoted market prices. Also included are cash and cash equivalents. The carrying amounts reported in the accompanying consolidated balance sheets for these financial instruments approximate their fair values. Call and Put Options : The Company uses quoted market prices to value its call and put options. The items shown under Level 3 are valued as follows: Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. Interest Rate Swaps Mortgage Loans on Real Estate : The Company believes that the fair value of impaired loans will approximate the unpaid principal balance. W Real Estate Held for Investment : It should be noted that for replacement cost, when determining the fair value of mortgage properties, the Company uses Marshall and Swift, a provider of building cost information to the real estate construction industry. For the investment analysis, the Company used market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparables and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with initial term of 30 years and MSRs backed by mortgage loans with initial term of 15 years. The Company distinguishes between these classes of MSRs due to their differing sensitivities to change in value as the result of changes in market. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. MSR amortization is determined by amortizing the balance straight-line over an estimated seven and nine-year life which estimates the proportion to, and over the period of the estimated future net servicing income of the underlying financial assets. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current-period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. Management periodically reviews the various loan strata to determine whether the value of the MSRs in a given stratum is impaired and likely to recover. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance. The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at June 30, 2017. Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets accounted for at fair value on a recurring basis Common stock $ 6,499,100 $ 6,499,100 $ - $ - Total securities available for sale $ 6,499,100 $ 6,499,100 $ - $ - Restricted assets of cemeteries and mortuaries $ 761,409 $ 761,409 $ - $ - Cemetery perpetual care trust investments 670,407 670,407 - - Derivatives - loan commitments 7,986,876 - - 7,986,876 Total assets accounted for at fair value on a recurring basis $ 15,917,792 $ 7,930,916 $ - $ 7,986,876 Liabilities accounted for at fair value on a recurring basis Derivatives - bank loan interest rate swaps $ (692) $ - $ - $ (692) - call options (24,670) (24,670) - - - put options (44,573) (44,573) - - - loan commitments (21,830) - - (21,830) Total liabilities accounted for at fair value on a recurring basis $ (91,765) $ (69,243) $ - $ (22,522) Following is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs: Net Loan Commitments Bank Loan Interest Rate Swaps Balance - December 31, 2016 $ 6,809,332 $ (3,308) Total gains (losses): Included in earnings 1,155,714 - Included in other comprehensive income - 2,616 Balance - June 30, 2017 $ 7,965,046 $ (692) The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at June 30, 2017. Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans on real estate $ 6,684,163 $ - $ - $ 6,684,163 Mortgage servicing rights additions 2,867,263 - - 2,867,263 Impaired fixed maturity securities, held to maturity 204,880 - 204,880 - Total assets accounted for at fair value on a nonrecurring basis $ 9,756,306 $ - $ 204,880 $ 9,551,426 The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at December 31, 2016. Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets accounted for at fair value on a recurring basis Common stock $ 10,573,356 $ 10,573,356 $ - $ - Total securities available for sale $ 10,573,356 $ 10,573,356 $ - $ - Restricted assets of cemeteries and mortuaries $ 736,603 $ 736,603 $ - $ - Cemetery perpetual care trust investments 698,202 698,202 - - Derivatives - loan commitments 6,911,544 - - 6,911,544 Total assets accounted for at fair value on a recurring basis $ 18,919,705 $ 12,008,161 $ - $ 6,911,544 Liabilities accounted for at fair value on a recurring basis Derivatives - bank loan interest rate swaps $ (3,308) - - $ (3,308) - call options (109,474) (109,474) - - - put options (26,494) (26,494) - - - loan commitments (102,212) - - (102,212) Total liabilities accounted for at fair value on a recurring basis $ (241,488) $ (135,968) $ - $ (105,520) Following is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs: Net Loan Commitments Bank Loan Interest Rate Swaps Balance - December 31, 2015 $ 7,671,495 $ (13,947) Purchases - - Total gains (losses): Included in earnings (862,163) - Included in other comprehensive income - 10,639 Balance - December 31, 2016 $ 6,809,332 $ (3,308) The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at December 31, 2016. Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans on real estate $ 2,809,925 $ - $ - $ 2,809,925 Mortgage servicing rights additions 8,603,154 - - 8,603,154 Real estate held for investment 2,347,820 - - 2,347,820 Total assets accounted for at fair value on a nonrecurring basis $ 13,760,899 $ - $ - $ 13,760,899 Fair Value of Financial Instruments Carried at Other Than Fair Value ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at June 30, 2017 and December 31, 2016. The estimated fair value amounts for June 30, 2017 and December 31, 2016 have been measured as of period-end, and have not been reevaluated or updated for purposes of these Condensed Consolidated Financial Statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at period-end. The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of June 30, 2017: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities, held to maturity $ 193,208,660 $ - $ 205,044,443 $ - $ 205,044,443 Mortgage loans: Residential 61,306,680 - - 65,473,057 65,473,057 Residential construction 34,300,908 - - 34,300,908 34,300,908 Commercial 39,391,676 - - 40,945,013 40,945,013 Mortgage loans, net $ 134,999,264 $ - $ - $ 140,718,978 $ 140,718,978 Loans held for sale 173,367,938 - - 177,060,605 177,060,605 Policy loans 6,685,452 - - 6,685,452 6,685,452 Insurance assignments, net 31,377,542 - - 31,377,542 31,377,542 Short-term investments 23,448,480 - 23,448,480 - 23,448,480 Mortgage servicing rights 20,096,965 - - 26,448,288 26,448,288 Liabilities Bank and other loans payable $ (163,581,969) $ - $ - $ (163,581,969) $ (163,581,969) Policyholder account balances (48,540,633) - - (37,834,097) (37,834,097) Future policy benefits - annuities (99,076,489) - - (99,975,768) (99,975,768) The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2016: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities, held to maturity $ 184,979,644 $ - $ 191,850,749 $ - $ 191,850,749 Mortgage loans: Residential 57,132,082 - - 61,357,393 61,357,393 Residential construction 40,700,003 - - 40,700,003 40,700,003 Commercial 51,349,493 - - 53,299,800 53,299,800 Mortgage loans, net $ 149,181,578 $ - $ - $ 155,357,196 $ 155,357,196 Loans held for sale 189,578,243 - - 192,289,854 192,289,854 Policy loans 6,694,148 - - 6,694,148 6,694,148 Insurance assignments, net 32,477,246 - - 32,477,246 32,477,246 Short-term investments 27,560,040 - 27,560,040 - 27,560,040 Mortgage servicing rights 18,872,362 - - 25,496,832 25,496,832 Liabilities Bank and other loans payable $ (152,137,371) $ - $ - $ (152,137,371) $ (152,137,371) Policyholder account balances (49,421,125) - - (38,530,031) (38,530,031) Future policy benefits - annuities (99,388,662) - - (100,253,261) (100,253,261) The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of financial instruments are summarized as follows: Fixed Maturity Securities, Held to Maturity : Mortgage Loans on Real Estate : The estimated fair value of the Company’s mortgage loans is determined using various methods. The Company’s mortgage loans are grouped into three categories: Residential, Residential Construction and Commercial. When estimating the expected future cash flows, it is assumed that all loans will be held to maturity, and any loans that are non-performing are evaluated individually for impairment. Residential – The estimated fair value of mortgage loans originated prior to 2013 is determined by estimating expected future cash flows of interest payments and discounting them using current interest rates from single family mortgages. The estimated fair value of mortgage loans originated in 2013 thru 2017 is determined from pricing of similar loans that were sold in 2016. Residential Construction – These loans are primarily short in maturity (4-6 months) accordingly, the estimated fair value is determined to be the net book value. Commercial – The estimated fair value is determined by estimating expected future cash flows of interest payments and discounting them using current interest rates for commercial mortgages. Loans Held for Sale : The fair value is based on quoted market prices, when available. When a quoted market price is not readily available, the Company uses the market price from its last sale of similar assets. Policy Loans : The carrying amounts reported in the accompanying condensed consolidated balance sheet for these financial instruments approximate their fair values because they are fully collateralized by the cash surrender value of the underlying insurance policies. Insurance Assignments, Net : These investments are short in maturity accordingly, the carrying amounts reported in the accompanying condensed consolidated balance sheet for these financial instruments approximate their fair values. Short-Term Investments : The carrying amounts reported in the accompanying condensed consolidated balance sheet for these financial instruments approximate their fair values due to their short-term nature. Bank and Other Loans Payable The carrying amounts reported in the accompanying condensed consolidated balance sheet for these financial instruments approximate their fair values due to their relatively short-term maturities and variable rates. Policyholder Account Balances and Future Policy Benefits-Annuities Future policy benefit reserves for interest-sensitive insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims incurred in the period in excess of related policy account balances. Interest crediting rates for interest-sensitive insurance products ranged from 1.5% to 6.5%. The fair values for the Company’s liabilities under investment-type insurance contracts (disclosed as policyholder account balances and future policy benefits – annuities) are estimated based on the present value of liability cash flows. The fair values for the Company’s insurance contracts other than investment-type contracts are not required to be disclosed. However, the fair values of liabilities under all insurance contracts are taken into consideration in the Company’s overall management of interest rate risk, such that the Company’s exposure to changing interest rates is minimized through the matching of investment maturities with amounts due under insurance contracts.

8) Allowance For Doubtful Accou

8) Allowance For Doubtful Accounts and Loan Losses and Impaired Loans	6 Months Ended
	Jun. 30, 2017
Notes
8) Allowance For Doubtful Accounts and Loan Losses and Impaired Loans	8) Allowance for Doubtful Accounts, Allowance for Loan Losses and Impaired Loans The Company records an allowance and recognizes an expense for potential losses from mortgage loans, other loans and receivables in accordance with generally accepted accounting principles. Receivables are the result of cemetery and mortuary operations, mortgage loan operations and life insurance operations. The allowance is based upon the Company’s historical experience for collectively evaluated impairment. Other allowances are based upon receivables individually evaluated for impairment. Collectability of the cemetery and mortuary receivables is significantly influenced by current economic conditions. The critical issues that impact recovery of mortgage loan operations are interest rate risk, loan underwriting, new regulations and the overall economy. The Company provides allowances for losses on its mortgage loans held for investment through an allowance for loan losses. The allowance is comprised of two components. The first component is an allowance for collectively evaluated impairment that is based upon the Company’s historical experience in collecting similar receivables. The second component is based upon individual evaluation of loans that are determined to be impaired. Upon determining impairment, the Company establishes an individual impairment allowance based upon an assessment of the fair value of the underlying collateral. See the schedules in Note 3 for additional information. The allowance for losses on mortgage loans held for investment could change based on changes in the value of the underlying collateral, the performance status of the loans, or the Company’s actual collection experience. The actual losses could change, in the near term, from the established allowance, based upon the occurrence or non-occurrence of these events.

9) Derivative Commitments

9) Derivative Commitments	6 Months Ended
	Jun. 30, 2017
Notes
9) Derivative Commitments	9) Derivative Instruments Mortgage Banking Derivatives Loan Commitments The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of loan commitments from the time a loan commitment is made to an applicant to the time the loan that would result from the exercise of that loan commitment is funded. Managing price risk is complicated by the fact that the ultimate percentage of loan commitments that will be exercised (i.e., the number of loans that will be funded) fluctuates. The probability that a loan will not be funded or the loan application is denied or withdrawn within the terms of the commitment is driven by a number of factors, particularly the change, if any, in mortgage rates following the issuance of the loan commitment. In general, the probability of funding increases if mortgage rates rise and decreases if mortgage rates fall. This is due primarily to the relative attractiveness of current mortgage rates compared to the applicant’s committed rate. The probability that a loan will not be funded within the terms of the mortgage loan commitment also is influenced by the source of the applications (retail, broker or correspondent channels), proximity to rate lock expiration, purpose for the loan (purchase or refinance) product type and the application approval status. The Company has developed fallout estimates using historical data that take into account all of the variables, as well as renegotiations of rate and point commitments that tend to occur when mortgage rates fall. These fallout estimates are used to estimate the number of loans that the Company expects to be funded within the terms of the loan commitments and are updated periodically to reflect the most current data. The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued and is shown net of expenses. Following issuance, the value of a loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Forward Sale Commitments The Company utilizes forward commitments to economically hedge the price risk associated with its outstanding mortgage loan commitments. A forward commitment protects the Company from losses on sales of the loans arising from exercise of the loan commitments. Management expects these types of commitments will experience changes in fair value opposite to changes in fair value of the loan commitments, thereby reducing earnings volatility related to the recognition in earnings of changes in the values of the commitments. The net changes in fair value of all loan commitments and forward sale commitments are shown in current earnings as a component of mortgage fee income. Call and Put Options The Company uses a strategy of selling “out of the money” call options on its available for sale equity securities as a source of revenue. The options give the purchaser the right to buy from the Company specified equity securities at a set price up to a pre-determined date in the future. The Company uses the strategy of selling put options as a means of generating cash or purchasing equity securities at lower than current market prices. The Company receives an immediate payment of cash for the value of the option and establishes a liability for the fair value of the option. The liability for options is adjusted to fair value at each reporting date. In the event a call option is exercised, the Company recognizes a gain on the sale of the equity security enhanced by the value of the option that was sold. If the option expires unexercised, the Company recognizes a gain from the sale of the option. In the event a put option is exercised, the Company acquires an equity security at the strike price of the option reduced by the value received from the sale of the put option. The equity security is then traded as a normal equity security in the Company’s portfolio. The following table shows the fair value of derivatives as of June 30, 2017 and December 31, 2016. Fair Values and Notional Values of Derivative Instruments June 30, 2017 December 31, 2016 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and other liabilities $216,706,500 $7,986,876 $ 21,830 $191,757,193 $6,911,544 $102,212 Call options Other liabilities 1,076,550 -- 24,670 2,169,850 -- 109,474 Put options Other liabilities 2,392,950 -- 44,573 1,336,750 -- 26,494 Derivatives designated as hedging instruments: Interest rate swaps Bank and other loans payable 87,881 -- 692 175,762 -- 3,308 Total $220,263,881 $7,986,876 $ 91,765 $195,439,555 $6,911,544 $241,488 The following table shows the gains and losses on derivatives for the periods presented. There were no gains or losses reclassified from accumulated other comprehensive income (OCI) into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing. Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended June 30 Six Months Ended June 30 Derivative Classification 2017 2016 2017 2016 Interest Rate Swaps Other comprehensive income $ 1,021 $ 2,804 $ 2,616 $ 5,541 Tax Effect 398 1,094 1,020 2,161 Total $ 623 $ 1,710 $ 1,596 $ 3,380 Loan commitments Mortgage fee income $ (1,011,879) $ 1,004,254 $ 1,155,714 $ 2,965,388 Call and put options Realized gains on investments and other assets $ 54,266 $ 82,667 $ 188,828 $ 137,272

10) Reinsurance, Commitments an

10) Reinsurance, Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Notes
10) Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks in excess of a specified limit, which ranges from $25,000 to $100,000. The Company is liable for these amounts in the event such reinsurers are unable to pay their portion of the claims. The Company has also assumed insurance from other companies. Mortgage Loan Loss Settlements Future loan losses can be extremely difficult to estimate. However, management believes that the Company’s reserve methodology and its current practice of property preservation allow it to estimate its potential losses on loans sold. The estimated liability for indemnification losses is included in other liabilities and accrued expenses and, as of June 30, 2017 and December 31, 2016, the balances were $1,135,000 and $628,000 , respectively. Mortgage Loan Loss Litigation For a description of the litigation involving SecurityNational Mortgage and Lehman Brothers Holdings, reference is to Part II, Item 1. Legal Proceedings. Other Contingencies and Commitments The Company has entered into commitments to fund construction and land development loans and has also provided financing for land acquisition and development. As of June 30, 2017, the Company’s commitments were approximately $52,551,000 for these loans of which $34,513,000 had been funded. The Company will advance funds once the work has been completed and an independent inspection is made. The maximum loan commitment ranges between 50% and 80% of appraised value. The Company receives fees and interest for these loans and the interest rate is generally fixed 5.50% to 8.00% per annum. Maturities range between six and eighteen months. The Company belongs to a captive insurance group for certain casualty insurance, worker compensation and liability programs. Insurance reserves are maintained relative to these programs. The level of exposure from catastrophic events is limited by the purchase of stop-loss and aggregate liability reinsurance coverage. When estimating the insurance liabilities and related reserves, the captive insurance management considers a number of factors, which include historical claims experience, demographic factors, severity factors and valuations provided by independent third-party actuaries. If actual claims or adverse development of loss reserves occurs and exceed these estimates, additional reserves may be required. The estimation process contains uncertainty since captive insurance management must use judgment to estimate the ultimate cost that will be incurred to settle reported claims and unreported claims for incidents incurred but not reported as of the balance sheet date. At June 30, 2017, $653,627 of reserves was established related to such insurance programs versus $416,576 at December 31, 2016. The Company is a defendant in various other legal actions arising from the normal conduct of business. Management believes that none of the actions will have a material effect on the Company’s financial position or results of operations. Based on management’s assessment and legal counsel’s representations concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements. The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations.

11) Mortgage Servicing Rights

11) Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2017
Notes
11) Mortgage Servicing Rights	11) Mortgage Servicing Rights The Company reports these MSRs pursuant to the accounting policy discussed in Note 7. The following is a summary of the MSR activity for the periods presented. As of June 30 2017 As of December 31 2016 Amortized cost: Balance before valuation allowance at beginning of year $ 18,872,362 $ 12,679,755 MSRs proceeds from loan sales 2,867,263 8,603,154 Amortization (1,642,660) (2,410,547) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 20,096,965 $ 18,872,362 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 20,096,965 $ 18,872,362 Estimated fair value of MSRs at end of period $ 26,448,288 $ 25,496,832 The following table summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. Estimated MSR Amortization 2017 $ 1,053,392 2018 3,173,929 2019 3,173,929 2020 3,173,929 2021 3,173,929 Thereafter 6,347,857 Total $ 20,096,965 The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the Condensed Consolidated Statement of Earnings: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Contractual servicing fees $ 1,785,361 $ 1,326,781 $ 3,510,594 $ 2,528,355 Late fees 67,585 44,339 137,527 88,947 Total $ 1,852,946 $ 1,371,120 $ 3,648,121 $ 2,617,302 The following is a summary of the unpaid principal balances (UPB) of the servicing portfolio for the periods presented: As of June 30 2017 As of December 31 2016 Servicing UPB $ 2,744,354,316 $ 2,720,441,340 The following key assumptions were used in determining MSR value: Prepayment Speeds Average Life(Years) Discount Rate June 30, 2017 3.79% 6.28 10.01 December 31, 2016 3.77% 6.52 10.01

12) Acquisitions

12) Acquisitions	6 Months Ended
	Jun. 30, 2017
Notes
12) Acquisitions	12) Acquisitions Acquisition of First Guaranty Insurance Company On July 11, 2016, the Company, through its wholly owned subsidiary Security National Life, completed the stock purchase transaction with the shareholders of Reppond Holding Corporation, an Arkansas corporation ("Reppond Holding") and sole shareholder of First Guaranty Insurance Company, a Louisiana domestic stock legal reserve life insurance company ("First Guaranty"), to purchase all the outstanding shares of common stock of Reppond Holding. Under the terms of the stock purchase agreement, dated February 17, 2016, between Security National Life and Reppond Holding, which was later amended on March 4 and 17, 2016, Security National Life paid a total of $6,753,000 at the closing in consideration for the purchase of all the outstanding shares of stock of Reppond Holding from its shareholders. The estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition were as follows: Fixed maturity securities, held to maturity $ 43,878,084 Equity securities, available for sale 646,335 Mortgage loans on real estate 4,528,582 Real estate held for investment 528,947 Policy loans 145,953 Accrued investment income 585,985 Cash and cash equivalents 7,782,883 Receivables 73,347 Property and equipment 21,083 Deferred tax asset 1,190,862 Receivable from reinsurers 34,948 Other 57,768 Total assets acquired 59,474,777 Future life, annuity, and other benefits (52,648,838) Accounts payable (6,953) Other liabilities and accrued expenses (65,986) Total liabilities assumed (52,721,777) Fair value of net assets acquired/consideration paid $ 6,753,000 The estimated fair value of the fixed maturity securities and the equity securities is based on unadjusted quoted prices for identical assets in an active market. These types of financial assets are considered Level 1 under the fair value hierarchy. The estimated fair value of future life, annuity, and other benefits is based on assumptions of the future value of the business acquired. Based on the unobservable nature of certain of these assumptions, the valuation for these financial liabilities is considered to be Level 3 under the fair value hierarchy. The Company determined that the estimated fair value of the remaining assets and liabilities acquired approximated their book values. The fair value of assets acquired and liabilities assumed were subject to adjustment during the first twelve months after the acquisition date if additional information became available to indicate a more accurate or appropriate value for an asset or liability. No adjustment is expected. The following unaudited pro forma information has been prepared to present the results of operations of the Company assuming the acquisition of First Guaranty had occurred at the beginning of the three and six-month periods ended June 30, 2016. This pro forma information is supplemental and does not necessarily present the operations of the Company that would have occurred had the acquisition occurred on those dates and may not reflect the operations that will occur in the future: For the Three Months Ended June 30 (unaudited) For the Six Months Ended June 30 (unaudited) 2016 2016 Total revenues $ 81,065,790 $ 151,680,444 Net earnings $ 4,987,815 $ 7,289,973 Net earnings per Class A equivalent common share $ 0.34 $ 0.50 Net earnings per Class A equivalent common share assuming dilution $ 0.33 $ 0.48 The pro forma results for the three and six-month periods ended June 30, 2017 are not included in the table above because the operating results for the First Guaranty acquisition were included in the Company’s condensed consolidated statements of earnings for these periods.

1) Basis of Presentation_ Accou

1) Basis of Presentation: Accounting Policy (Policies)	6 Months Ended
	Jun. 30, 2017
Policies
Accounting Policy	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10 Q and Articles 8 and 10 of Regulation S X. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements of the Company and notes thereto for the year ended December 31, 2016, included in the Company’s Annual Report on Form 10-K/A (file number 000-09341). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The presentation of certain amounts in the prior year have been reclassified to conform to the 2017 presentation. See additional discussion regarding correction of errors in Notes 21 and 22 included in the Company's Form 10-K/A for the year ended December 31, 2016.

1) Basis of Presentation_ Use o

1) Basis of Presentation: Use of Estimates Policy (Policies)	6 Months Ended
	Jun. 30, 2017
Policies
Use of Estimates Policy	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment; those used in determining the liability for future policy benefits and unearned revenue; those used in determining the estimated future costs for pre-need sales; those used in determining the value of mortgage servicing rights; those used in determining allowances for loan losses for mortgage loans on real estate; those used in determining loan loss reserve; and those used in determining deferred tax assets and liabilities. Although some variability is inherent in these estimates, management believes the amounts provided are fairly stated in all material respects.

2) Recent Accounting Pronounc22

2) Recent Accounting Pronouncements: New Accounting Pronouncements, Policy (Policies)	6 Months Ended
	Jun. 30, 2017
Policies
New Accounting Pronouncements, Policy	ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” – Issued in June 2016, ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current generally accepted accounting principles (“GAAP”) and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however Topic 326 will require that credit losses be presented as an allowance rather than as a write-down. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2019. The Company is in the process of evaluating the potential impact of this standard, which is not expected to be material to the Company’s results of operations but will have an effect on the balance sheet presentation. ASU No. 2016-02: “Leases (Topic 842)” - Issued in February 2016, ASU 2016-02 supersedes the requirements in ASC Topic 840, “Leases”, and was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2018. The Company is in the process of evaluating the potential impact of this standard, which is not expected to be material to the Company’s results of operations but will have an effect on the balance sheet presentation for leased assets and obligations. ASU No. 2016-01: “Financial Instruments – Overall (Topic 825-10)” – Issued in January 2016, ASU 2016-01 changes the accounting for non-consolidated equity investments that are not accounted for under the equity method of accounting by requiring changes in fair value to be recognized in income. Under current guidance, changes in fair value for investments of this nature are recognized in accumulated other comprehensive income as a component of stockholders’ equity. Additionally, ASU 2016-01 simplifies the impairment assessment of equity investments without readily determinable fair values; requires entities to use the exit price when estimating the fair value of financial instruments; and modifies various presentation disclosure requirements for financial instruments. The Company holds equity securities classified as available for sale securities that are currently measured at fair value with changes in fair value recognized through other comprehensive income. Upon adoption of ASU 2016-01 the Company will be required to recognize changes in the fair value of these equity securities through earnings, thus increasing the volatility of the Company’s earnings. However, adoption of this standard will not significantly affect the Company’s comprehensive income or stockholders’ equity. See Note 3 for details regarding the Company’s equity securities currently classified as available for sale. This new authoritative guidance is effective for interim and annual periods beginning after December 15, 2017, with the cumulative effect of the adoption made to the balance sheet as of the date of adoption. Thus, the adoption will result in a reclassification of the related accumulated net unrealized gains (losses) currently included in accumulated other comprehensive income to retained earnings. The Company will adopt this standard beginning January 1, 2018. ASU No. 2014-09: “Revenue from Contracts with Customers (Topic 606)” - Issued in May 2014, ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition”. ASU 2014-09 clarifies the principles for recognizing revenue in order to improve comparability of revenue recognition practices across entities and industries. ASU 2014-09 provides guidance intended to assist in the identification of contracts with customers and separate performance obligations within those contracts, the determination and allocation of the transaction price to those identified performance obligations and the recognition of revenue when a performance obligation has been satisfied. ASU 2014-09 also requires disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from contracts with customers. Insurance contracts are excluded from the scope of this new guidance. Upon adoption, ASU 2014-09 provides for transition through either a full retrospective approach requiring the restatement of all presented prior periods or a modified retrospective approach, which allows the new recognition standard to be applied to only those contracts that are not completed at the date of transition. If the modified retrospective approach is adopted, a cumulative effect adjustment to retained earnings is performed with additional disclosures required including the amount by which each line item is affected by the transition as compared to the guidance in effect before adoption and an explanation of the reasons for significant changes in these amounts. The Company intends to adopt ASU 2014-09 using the modified retrospective method. The Company does not expect to record a cumulative effect adjustment to its beginning retained earnings as a result of adoption of ASU 2014-09. The Company’s revenues from contracts with customers that are subject to ASU 2014-09 include mortgage servicing fees and revenues on mortuary and cemetery contracts. The recognition and measurement of these items is not expected to change as a result of the Company’s adoption of ASU 2014-09 and thus the Company does not expect that the adoption of ASU 2014-09 will significantly impact the Company’s results of operations or financial position but is still in the process of evaluating the final impact. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2017. The Company will adopt this standard beginning January 1, 2018. The Company has reviewed other recent accounting pronouncements and has determined that they will not significantly impact the Company’s results of operations or financial position.

3) Investments_ Held-to-maturit

3) Investments: Held-to-maturity Securities (Tables)	6 Months Ended
	Jun. 30, 2017
AsOfJune302017Member
Held-to-maturity Securities	Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 30, 2017 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 14,420,200 $ 248,373 $ (59,763) $ 14,608,810 Obligations of states and political subdivisions 5,973,209 130,535 (89,335) 6,014,409 Corporate securities including public utilities 161,579,151 13,657,535 (2,170,322) 173,066,364 Mortgage-backed securities 10,612,465 238,013 (159,091) 10,691,387 Redeemable preferred stock 623,635 39,838 - 663,473 Total fixed maturity securities held to maturity $ 193,208,660 $ 14,314,294 $ (2,478,511) $ 205,044,443 Equity securities available for sale at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,969,968 $ 388,504 $ (859,372) $ 6,499,100 Total equity securities available for sale at estimated fair value $ 6,969,968 $ 388,504 $ (859,372) $ 6,499,100 Mortgage loans on real estate and construction loans held for investment at amortized cost: Residential $ 63,031,000 Residential construction 34,512,524 Commercial 39,763,788 Less: Unamortized deferred loan fees, net (387,020) Less: Allowance for loan losses (1,921,028) Total mortgage loans on real estate and construction loans held for investment $ 134,999,264 Real estate held for investment - net of depreciation $ 151,355,029 Policy loans and other investments are shown at amortized cost: Policy loans $ 6,685,452 Insurance assignments 32,450,071 Other investments 2,925,000 Less: Allowance for doubtful accounts (1,072,529) Total policy loans and other investments $ 40,987,994 Short-term investments at amortized cost $ 23,448,480
AsOfDecember312016Member
Held-to-maturity Securities	Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2016 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 4,475,065 $ 249,028 $ (66,111) $ 4,657,982 Obligations of states and political subdivisions 6,017,225 153,514 (133,249) 6,037,490 Corporate securities including public utilities 164,375,636 10,440,989 (3,727,013) 171,089,612 Mortgage-backed securities 9,488,083 221,400 (280,871) 9,428,612 Redeemable preferred stock 623,635 13,418 - 637,053 Total fixed maturity securities held to maturity $ 184,979,644 $ 11,078,349 $ (4,207,244) $ 191,850,749 Equity securities available for sale at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,985,338 $ 447,110 $ (859,092) $ 10,573,356 Total securities available for sale carried at estimated fair value $ 10,985,338 $ 447,110 $ (859,092) $ 10,573,356 Mortgage loans on real estate and construction loans held for investment at amortized cost: Residential $ 58,593,622 Residential construction 40,800,117 Commercial 51,536,622 Less: Allowance for loan losses (1,748,783) Total mortgage loans on real estate and construction loans held for investment $ 149,181,578 Real estate held for investment - net of depreciation $ 145,165,921 Policy loans and other investments are shown at amortized cost: Policy loans $ 6,694,148 Insurance assignments 33,548,079 Promissory notes 48,797 Other investments 1,765,752 Less: Allowance for doubtful accounts (1,119,630) Total policy loans and other investments $ 40,937,146 Short-term investments at amortized cost $ 27,560,040

3) Investments_ Schedule of Unr

3) Investments: Schedule of Unrealized Loss on Investments (Tables)	6 Months Ended
	Jun. 30, 2017
Fixed Maturities
Schedule of Unrealized Loss on Investments	Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At June 30, 2017 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 59,763 $ 12,614,366 $ - $ - $ 59,763 $ 12,614,366 Obligations of states and political subdivisions 89,335 2,964,864 - - 89,335 2,964,864 Corporate securities 696,803 19,580,014 1,473,519 11,365,599 2,170,322 30,945,613 Mortgage-backed securities 99,586 2,845,871 59,505 1,097,380 159,091 3,943,251 Total unrealized losses $ 945,487 $ 38,005,115 $ 1,533,024 $ 12,462,979 $ 2,478,511 $ 50,468,094 At December 31, 2016 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 66,111 $ 1,342,088 $ - $ - $ 66,111 $ 1,342,088 Obligations of states and political subdivisions 133,249 3,686,856 - - 133,249 3,686,856 Corporate securities 1,728,312 41,796,016 1,998,701 12,969,135 3,727,013 54,765,151 Mortgage-backed securities 176,715 4,176,089 104,156 940,278 280,871 5,116,367 Total unrealized losses $ 2,104,387 $ 51,001,049 $ 2,102,857 $ 13,909,413 $ 4,207,244 $ 64,910,462
Equity Securities
Schedule of Unrealized Loss on Investments	Unrealized Losses for Less than Twelve Months No. of Investment Positions Unrealized Losses for More than Twelve Months No. of Investment Positions Total Unrealized Losses At June 30, 2017 Industrial, miscellaneous and all other $ 175,601 137 $ 683,771 84 $ 859,372 Total unrealized losses $ 175,601 137 $ 683,771 84 $ 859,372 Fair Value $ 1,275,336 $ 1,298,109 $ 2,573,445 At December 31, 2016 Industrial, miscellaneous and all other $ 215,563 124 $ 643,529 104 $ 859,092 Total unrealized losses $ 215,563 124 $ 643,529 104 $ 859,092 Fair Value $ 2,063,144 $ 1,685,874 $ 3,749,018

3) Investments_ Investments Cla

3) Investments: Investments Classified by Contractual Maturity Date (Tables)	6 Months Ended
	Jun. 30, 2017
Held-to-maturity Securities
Investments Classified by Contractual Maturity Date	Amortized Cost Estimated Fair Value Held to Maturity: Due in 2017 $ 2,711,324 $ 2,725,318 Due in 2018 through 2021 50,865,992 52,437,835 Due in 2022 through 2026 43,504,148 45,811,635 Due after 2026 84,891,096 92,714,795 Mortgage-backed securities 10,612,465 10,691,387 Redeemable preferred stock 623,635 663,473 Total held to maturity $ 193,208,660 $ 205,044,443

3) Investments_ Gain (Loss) on

3) Investments: Gain (Loss) on Investments (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Gain (Loss) on Investments	Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Fixed maturity securities held to maturity: Gross realized gains $ 50,987 $ 194,456 $ 53,422 $ 194,456 Gross realized losses (35,066) - (35,066) (2,878) Other than temporary impairments (266,227) (30,000) (318,366) (60,000) Equity securities available for sale: Gross realized gains 45,474 76,085 106,452 139,580 Gross realized losses (53,881) (8,724) (58,437) (32,602) Other than temporary impairments - - (43,630) Other assets: Gross realized gains 1,325,424 583,688 1,781,698 866,283 Gross realized losses (445,536) (724,962) (815,337) (946,374) Total $ 621,175 $ 90,543 $ 714,366 $ 114,835

3) Investments_ Schedule of Maj

3) Investments: Schedule of Major categories of net investment income (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Major categories of net investment income	Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Fixed maturity securities $ 2,433,404 $ 2,011,637 $ 4,792,364 $ 4,062,206 Equity securities 68,868 59,252 133,403 130,293 Mortgage loans on real estate 2,128,345 2,295,531 4,340,521 4,306,506 Real estate 2,834,022 2,587,789 5,722,084 5,426,272 Policy loans 233,021 171,035 426,755 353,241 Insurance assignments 3,100,721 2,946,375 6,382,333 5,963,484 Other investments 12,448 13,962 19,990 13,962 Short-term investments, principally interest on sale of mortgage loans and other 1,988,945 2,001,301 3,804,548 3,879,983 Gross investment income 12,799,774 12,086,882 25,621,998 24,135,947 Investment expenses (3,052,299) (2,951,062) (6,311,241) (6,007,936) Net investment income $ 9,747,475 $ 9,135,820 $ 19,310,757 $ 18,128,011

3) Investments_ Commercial Real

3) Investments: Commercial Real Estate Investment (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Commercial Real Estate Investment	Net Ending Balance Total Square Footage June 30 December 31 June 30 December 31 2017 2016 2017 2016 Arizona $ 4,000 (1) $ 450,538 (1) - 16,270 Arkansas 98,269 100,369 3,200 3,200 Kansas 12,101,659 12,450,297 222,679 222,679 Louisiana 505,948 518,700 7,063 7,063 Mississippi 3,771,725 3,818,985 33,821 33,821 New Mexico 7,000 (1) 7,000 (1) - - Texas 3,744,730 3,734,974 23,470 23,470 Utah 59,851,183 (2) 47,893,073 (2) 433,244 433,244 $ 80,084,514 $ 68,973,936 723,477 739,747 (1) Includes undeveloped land (2) Includes 53rd Center completed in July 2017

3) Investments_ Residential Rea

3) Investments: Residential Real Estate Investment (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Residential Real Estate Investment	Net Ending Balance June 30 December 31 2017 2016 Arizona $ 534,381 $ 742,259 California 5,621,924 5,848,389 Colorado - 364,489 Florida 7,462,137 8,327,355 Hawaii 712,286 - Ohio 46,658 46,658 Oklahoma 17,500 - Texas 513,962 1,091,188 Utah 56,075,486 59,485,466 Washington 286,181 286,181 $ 71,270,515 $ 76,191,985

3) Investments_ Real estate own

3) Investments: Real estate owned and occupied (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Real estate owned and occupied	Location Business Segment Approximate Square Footage Square Footage Occupied by the Company 5300 South 360 West, Salt Lake City, UT (1) Corporate Offices, Life Insurance and Cemetery/Mortuary Operations 36,000 100% 5201 Green Street, Salt Lake City, UT Mortgage Operations 36,899 34% 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 5,522 27% (1) This asset is included in property and equipment on the Condensed Consolidated Balance Sheet

3) Investments_ Schedule of All

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Allowance for loan losses as a contra-asset account	Allowance for Credit Losses and Recorded Investment in Mortgage Loans Commercial Residential Residential Construction Total June 30, 2017 Allowance for credit losses: Beginning balance - January 1, 2017 $ 187,129 $ 1,461,540 $ 100,114 $ 1,748,783 Charge-offs - (49,775) (64,894) (114,669) Provision - 286,914 - 286,914 Ending balance - June 30, 2017 $ 187,129 $ 1,698,679 $ 35,220 $ 1,921,028 Ending balance: individually evaluated for impairment $ - $ 397,938 $ - $ 397,938 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,300,741 $ 35,220 $ 1,523,090 Mortgage loans: Ending balance $ 39,763,788 $ 63,031,000 $ 34,512,524 $ 137,307,312 Ending balance: individually evaluated for impairment $ 1,216,035 $ 5,092,895 $ 375,233 $ 6,684,163 Ending balance: collectively evaluated for impairment $ 38,547,753 $ 57,938,105 $ 34,137,291 $ 130,623,149 December 31, 2016 Allowance for credit losses: Beginning balance - January 1, 2016 $ 187,129 $ 1,560,877 $ 100,114 $ 1,848,120 Charge-offs - (420,135) - (420,135) Provision - 320,798 - 320,798 Ending balance - December 31, 2016 $ 187,129 $ 1,461,540 $ 100,114 $ 1,748,783 Ending balance: individually evaluated for impairment $ - $ 374,501 $ - $ 374,501 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,087,039 $ 100,114 $ 1,374,282 Mortgage loans: Ending balance $ 51,536,622 $ 58,593,622 $ 40,800,117 $ 150,930,361 Ending balance: individually evaluated for impairment $ 202,992 $ 2,916,538 $ 64,895 $ 3,184,425 Ending balance: collectively evaluated for impairment $ 51,333,630 $ 55,677,084 $ 40,735,222 $ 147,745,936

3) Investments_ Schedule of agi

3) Investments: Schedule of aging of mortgage loans (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of aging of mortgage loans	Age Analysis of Past Due Mortgage Loans 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days (1) In Process of Foreclosure (1) Total Past Due Current Total Mortgage Loans Allowance for Loan Losses Unamortized deferred loan fees, net Net Mortgage Loans June 30, 2017 Commercial $ 522,607 $ - $ 1,012,500 $ 203,535 $ 1,738,642 $ 38,025,146 $ 39,763,788 $ (187,129) $ (184,983) $ 39,391,676 Residential 23,047 2,648,068 2,599,697 2,493,198 7,764,010 55,266,990 63,031,000 (1,698,679) (25,640) 61,306,681 Residential Construction - - 375,233 - 375,233 34,137,291 34,512,524 (35,220) (176,397) 34,300,907 Total $ 545,654 $ 2,648,068 $ 3,987,430 $ 2,696,733 $ 9,877,885 $ 127,429,427 $ 137,307,312 $ (1,921,028) $ (387,020) $ 134,999,264 December 31, 2016 Commercial $ - $ - $ - $ 202,992 $ 202,992 $ 51,333,630 $ 51,536,622 $ (187,129) $ - $ 51,349,493 Residential 964,960 996,779 1,290,355 1,626,183 4,878,277 53,715,345 58,593,622 (1,461,540) - 57,132,082 Residential Construction - - 64,895 - 64,895 40,735,222 40,800,117 (100,114) - 40,700,003 Total $ 964,960 $ 996,779 $ 1,355,250 $ 1,829,175 $ 5,146,164 $ 145,784,197 $ 150,930,361 $ (1,748,783) $ - $ 149,181,578 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure.

3) Investments_ Schedule of Imp

3) Investments: Schedule of Impaired Mortgage Loans (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Impaired Mortgage Loans	Impaired Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized June 30, 2017 With no related allowance recorded: Commercial $ 1,216,035 $ 1,216,035 $ - $ 709,514 $ - Residential - - - - - Residential construction 375,233 375,233 - 220,064 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 5,092,895 5,092,895 397,938 4,004,717 - Residential construction - - - - - Total: Commercial $ 1,216,035 $ 1,216,035 $ - $ 709,514 $ - Residential 5,092,895 5,092,895 397,938 4,004,717 - Residential construction 375,233 375,233 - 220,064 - December 31, 2016 With no related allowance recorded: Commercial $ 202,992 $ 202,992 $ - $ 202,992 $ - Residential - - - - - Residential construction 64,895 64,895 - 79,082 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 2,916,538 2,916,538 374,501 3,001,850 - Residential construction - - - - - Total: Commercial $202,992 $202,992 $- $202,992 $ - Residential 2,916,538 2,916,538 374,501 3,001,850 - Residential construction 64,895 64,895 - 79,082 -

3) Investments_ Schedule Of Cre

3) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status:	Mortgage Loan Credit Exposure Credit Risk Profile Based on Payment Activity Commercial Residential Residential Construction Total June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Performing $ 38,547,753 $ 51,333,630 $ 57,938,105 $ 55,677,084 $ 34,137,291 $ 40,735,222 $ 130,623,149 $ 147,745,936 Nonperforming 1,216,035 202,992 5,092,895 2,916,538 375,233 64,895 6,684,163 3,184,425 Total $ 39,763,788 $ 51,536,622 $ 63,031,000 $ 58,593,622 $ 34,512,524 $ 40,800,117 $ 137,307,312 $ 150,930,361

3) Investments_ Schedule of Mor

3) Investments: Schedule of Mortgage loans on a nonaccrual status (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Mortgage loans on a nonaccrual status	Mortgage Loans on Nonaccrual Status As of June 30 2017 As of December 31 2016 Commercial $ 1,216,035 $ 202,992 Residential 5,092,895 2,916,538 Residential construction 375,233 64,895 Total $ 6,684,163 $ 3,184,425

3) Investments_ Schedule of loa

3) Investments: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of loan loss reserve which is included in other liabilities and accrued expenses	As of June 30 2017 As of December 31 2016 Balance, beginning of period $ 627,733 $ 2,805,900 Provision on current loan originations (1) 953,453 2,988,754 Additional provision for loan loss reserve - 1,700,000 Charge-offs, net of recaptured amounts (446,067) (6,866,921) Balance, end of period $ 1,135,119 $ 627,733 (1) Included in Mortgage fee income

4) Stock-based Compensation_ Sc

4) Stock-based Compensation: Schedule of stock inventive plan changes (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of stock inventive plan changes	Number of Class A Shares Weighted Average Exercise Price Number of Class C Shares Weighted Average Exercise Price Outstanding at December 31, 2016 741,973 $ 4.33 556,298 $ 4.61 Granted - - Exercised - (103,402) 1.31 Cancelled - (24,227) 1.31 Outstanding at June 30, 2017 741,973 $ 4.33 428,669 $ 5.59 As of June 30, 2017: Options exercisable 671,816 $ 4.08 386,669 $ 5.40 As of June 30, 2017: Available options for future grant 525,682 227,750 Weighted average contractual term of options outstanding at June 30, 2017 6.87 years 2.88 years Weighted average contractual term of options exercisable at June 30, 2017 6.61 years 2.71 years Aggregated intrinsic value of options outstanding at June 30, 2017 (1) $1,564,592 $449,896 Aggregated intrinsic value of options exercisable at June 30, 2017 (1) $1,564,592 $449,896 (1) The Company used a stock price of $6.37 as of June 30, 2017 to derive intrinsic value. A summary of the status of the Company’s stock incentive plans as of June 30, 2016, and the changes during the six months ended June 30, 2016, are presented below: Number of Class A Shares Weighted Average Exercise Price Number of Class C Shares Weighted Average Exercise Price Outstanding at December 31, 2015 618,261 $ 3.89 577,436 $ 3.54 Granted - - Exercised (28,460) 2.15 - Cancelled - - Outstanding at June 30, 2016 589,801 $ 3.97 577,436 $ 3.54 As of June 30, 2016: Options exercisable 519,711 $ 3.65 524,936 $ 3.19 As of June 30, 2016: Available options for future grant 397,342 57,750 Weighted average contractual term of options outstanding at June 30, 2016 7.25 years 2.25 years Weighted average contractual term of options exercisable at June 30, 2016 6.96 years 2.03 years Aggregated intrinsic value of options outstanding at June 30, 2016 (1) $755,390 $1,001,904 Aggregated intrinsic value of options exercisable at June 30, 2016 (1) $755,390 $1,001,904 (1) The Company used a stock price of $4.89 as of June 30, 2016 to derive intrinsic value.

5) Earnings Per Share_ Schedule

5) Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Numerator: Net earnings $ 2,485,864 $ 5,017,006 $ 4,345,864 $ 7,554,947 Denominator: Basic weighted-average shares outstanding 15,161,689 14,747,976 15,110,119 14,702,187 Effect of dilutive securities: Employee stock options 330,588 363,348 344,388 412,348 Diluted weighted-average shares outstanding 15,492,277 15,111,324 15,454,507 15,114,535 Basic net earnings per share $0.16 $0.34 $0.29 $0.51 Diluted net earnings per share $0.16 $0.33 $0.28 $0.50

6) Business Segments_ Schedule

6) Business Segments: Schedule of Revenues and Expenses by Reportable Segment (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Revenues and Expenses by Reportable Segment	Life Insurance Cemetery/ Mortuary Mortgage Intercompany Eliminations Consolidated For the Three Months Ended June 30, 2017 Revenues from external customers $ 25,723,657 $ 3,314,003 $ 44,133,898 $ - $ 73,171,558 Intersegment revenues 2,977,427 113,104 86,414 (3,176,945) - Segment profit before income taxes 2,818,600 335,877 839,822 - 3,994,299 For the Three Months Ended June 30, 2016 Revenues from external customers $ 23,569,437 $ 3,813,701 $ 52,704,089 $ - $ 80,087,227 Intersegment revenues 3,358,988 221,862 80,860 (3,661,710) - Segment profit before income taxes 2,542,035 759,607 4,684,244 - 7,985,886 For the Six Months Ended June 30, 2017 Revenues from external customers $ 51,882,358 $ 6,918,900 $ 85,199,597 $ - $ 144,000,855 Intersegment revenues 5,966,078 222,455 182,184 (6,370,717) - Segment profit before income taxes 4,302,080 1,094,788 1,495,201 - 6,892,069 Identifiable Assets 839,619,710 95,058,739 170,463,229 (131,393,058) 973,748,620 Goodwill 2,765,570 - - - 2,765,570 Total Assets 842,385,280 95,058,739 170,463,229 (131,393,058) 976,514,190 For the Six Months Ended June 30, 2016 Revenues from external customers $ 45,644,571 $ 7,144,467 $ 96,754,537 $ - $ 149,543,575 Intersegment revenues 6,462,434 508,787 160,339 (7,131,560) - Segment profit before income taxes 3,645,762 1,228,662 7,182,542 - 12,056,966 Identifiable Assets 727,655,688 95,831,664 194,523,880 (131,845,488) 886,165,744 Goodwill 2,765,570 - - - 2,765,570 Total Assets 730,421,258 95,831,664 194,523,880 (131,845,488) 888,931,314

7)_ Fair Value of Financial I40

7): Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	6 Months Ended
	Jun. 30, 2017
AsOfJune302017Member
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets accounted for at fair value on a recurring basis Common stock $ 6,499,100 $ 6,499,100 $ - $ - Total securities available for sale $ 6,499,100 $ 6,499,100 $ - $ - Restricted assets of cemeteries and mortuaries $ 761,409 $ 761,409 $ - $ - Cemetery perpetual care trust investments 670,407 670,407 - - Derivatives - loan commitments 7,986,876 - - 7,986,876 Total assets accounted for at fair value on a recurring basis $ 15,917,792 $ 7,930,916 $ - $ 7,986,876 Liabilities accounted for at fair value on a recurring basis Derivatives - bank loan interest rate swaps $ (692) $ - $ - $ (692) - call options (24,670) (24,670) - - - put options (44,573) (44,573) - - - loan commitments (21,830) - - (21,830) Total liabilities accounted for at fair value on a recurring basis $ (91,765) $ (69,243) $ - $ (22,522)
AsOfDecember312016Member
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets accounted for at fair value on a recurring basis Common stock $ 10,573,356 $ 10,573,356 $ - $ - Total securities available for sale $ 10,573,356 $ 10,573,356 $ - $ - Restricted assets of cemeteries and mortuaries $ 736,603 $ 736,603 $ - $ - Cemetery perpetual care trust investments 698,202 698,202 - - Derivatives - loan commitments 6,911,544 - - 6,911,544 Total assets accounted for at fair value on a recurring basis $ 18,919,705 $ 12,008,161 $ - $ 6,911,544 Liabilities accounted for at fair value on a recurring basis Derivatives - bank loan interest rate swaps $ (3,308) - - $ (3,308) - call options (109,474) (109,474) - - - put options (26,494) (26,494) - - - loan commitments (102,212) - - (102,212) Total liabilities accounted for at fair value on a recurring basis $ (241,488) $ (135,968) $ - $ (105,520)

7)_ Fair Value of Financial I41

7): Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)	6 Months Ended
	Jun. 30, 2017
AsOfJune302017Member
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Loan Commitments Bank Loan Interest Rate Swaps Balance - December 31, 2016 $ 6,809,332 $ (3,308) Total gains (losses): Included in earnings 1,155,714 - Included in other comprehensive income - 2,616 Balance - June 30, 2017 $ 7,965,046 $ (692)
AsOfDecember312016Member
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Loan Commitments Bank Loan Interest Rate Swaps Balance - December 31, 2015 $ 7,671,495 $ (13,947) Purchases - - Total gains (losses): Included in earnings (862,163) - Included in other comprehensive income - 10,639 Balance - December 31, 2016 $ 6,809,332 $ (3,308)

7)_ Fair Value of Financial I42

7): Fair Value of Financial Instruments: Schedule of Fair Value Measurements, Nonrecurring (Tables)	6 Months Ended
	Jun. 30, 2017
AsOfJune302017Member
Schedule of Fair Value Measurements, Nonrecurring	Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans on real estate $ 6,684,163 $ - $ - $ 6,684,163 Mortgage servicing rights additions 2,867,263 - - 2,867,263 Impaired fixed maturity securities, held to maturity 204,880 - 204,880 - Total assets accounted for at fair value on a nonrecurring basis $ 9,756,306 $ - $ 204,880 $ 9,551,426
AsOfDecember312016Member
Schedule of Fair Value Measurements, Nonrecurring	Quoted Prices in Active Significant Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans on real estate $ 2,809,925 $ - $ - $ 2,809,925 Mortgage servicing rights additions 8,603,154 - - 8,603,154 Real estate held for investment 2,347,820 - - 2,347,820 Total assets accounted for at fair value on a nonrecurring basis $ 13,760,899 $ - $ - $ 13,760,899

7)_ Fair Value of Financial I43

7): Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Financial Instruments Carried at Other Than Fair Value	Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities, held to maturity $ 193,208,660 $ - $ 205,044,443 $ - $ 205,044,443 Mortgage loans: Residential 61,306,680 - - 65,473,057 65,473,057 Residential construction 34,300,908 - - 34,300,908 34,300,908 Commercial 39,391,676 - - 40,945,013 40,945,013 Mortgage loans, net $ 134,999,264 $ - $ - $ 140,718,978 $ 140,718,978 Loans held for sale 173,367,938 - - 177,060,605 177,060,605 Policy loans 6,685,452 - - 6,685,452 6,685,452 Insurance assignments, net 31,377,542 - - 31,377,542 31,377,542 Short-term investments 23,448,480 - 23,448,480 - 23,448,480 Mortgage servicing rights 20,096,965 - - 26,448,288 26,448,288 Liabilities Bank and other loans payable $ (163,581,969) $ - $ - $ (163,581,969) $ (163,581,969) Policyholder account balances (48,540,633) - - (37,834,097) (37,834,097) Future policy benefits - annuities (99,076,489) - - (99,975,768) (99,975,768) The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2016: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities, held to maturity $ 184,979,644 $ - $ 191,850,749 $ - $ 191,850,749 Mortgage loans: Residential 57,132,082 - - 61,357,393 61,357,393 Residential construction 40,700,003 - - 40,700,003 40,700,003 Commercial 51,349,493 - - 53,299,800 53,299,800 Mortgage loans, net $ 149,181,578 $ - $ - $ 155,357,196 $ 155,357,196 Loans held for sale 189,578,243 - - 192,289,854 192,289,854 Policy loans 6,694,148 - - 6,694,148 6,694,148 Insurance assignments, net 32,477,246 - - 32,477,246 32,477,246 Short-term investments 27,560,040 - 27,560,040 - 27,560,040 Mortgage servicing rights 18,872,362 - - 25,496,832 25,496,832 Liabilities Bank and other loans payable $ (152,137,371) $ - $ - $ (152,137,371) $ (152,137,371) Policyholder account balances (49,421,125) - - (38,530,031) (38,530,031) Future policy benefits - annuities (99,388,662) - - (100,253,261) (100,253,261)

9) Derivative Commitments_ Sche

9) Derivative Commitments: Schedule of Derivative Assets at Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Derivative Assets at Fair Value	Fair Values and Notional Values of Derivative Instruments June 30, 2017 December 31, 2016 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and other liabilities $216,706,500 $7,986,876 $ 21,830 $191,757,193 $6,911,544 $102,212 Call options Other liabilities 1,076,550 -- 24,670 2,169,850 -- 109,474 Put options Other liabilities 2,392,950 -- 44,573 1,336,750 -- 26,494 Derivatives designated as hedging instruments: Interest rate swaps Bank and other loans payable 87,881 -- 692 175,762 -- 3,308 Total $220,263,881 $7,986,876 $ 91,765 $195,439,555 $6,911,544 $241,488

9) Derivative Commitments_ Sc45

9) Derivative Commitments: Schedule of Gains and Losses on Derivatives (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Gains and Losses on Derivatives	Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended June 30 Six Months Ended June 30 Derivative Classification 2017 2016 2017 2016 Interest Rate Swaps Other comprehensive income $ 1,021 $ 2,804 $ 2,616 $ 5,541 Tax Effect 398 1,094 1,020 2,161 Total $ 623 $ 1,710 $ 1,596 $ 3,380 Loan commitments Mortgage fee income $ (1,011,879) $ 1,004,254 $ 1,155,714 $ 2,965,388 Call and put options Realized gains on investments and other assets $ 54,266 $ 82,667 $ 188,828 $ 137,272

11) Mortgage Servicing Rights_

11) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Mortgage Servicing Rights	As of June 30 2017 As of December 31 2016 Amortized cost: Balance before valuation allowance at beginning of year $ 18,872,362 $ 12,679,755 MSRs proceeds from loan sales 2,867,263 8,603,154 Amortization (1,642,660) (2,410,547) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 20,096,965 $ 18,872,362 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 20,096,965 $ 18,872,362 Estimated fair value of MSRs at end of period $ 26,448,288 $ 25,496,832

11) Mortgage Servicing Rights47

11) Mortgage Servicing Rights: Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights	Estimated MSR Amortization 2017 $ 1,053,392 2018 3,173,929 2019 3,173,929 2020 3,173,929 2021 3,173,929 Thereafter 6,347,857 Total $ 20,096,965

11) Mortgage Servicing Rights48

11) Mortgage Servicing Rights: Schedule of Other Revenues (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Schedule of Other Revenues	Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Contractual servicing fees $ 1,785,361 $ 1,326,781 $ 3,510,594 $ 2,528,355 Late fees 67,585 44,339 137,527 88,947 Total $ 1,852,946 $ 1,371,120 $ 3,648,121 $ 2,617,302

11) Mortgage Servicing Rights49

11) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Summary of Unpaid Principal Balances of the Servicing Portfolio	As of June 30 2017 As of December 31 2016 Servicing UPB $ 2,744,354,316 $ 2,720,441,340

11) Mortgage Servicing Rights50

11) Mortgage Servicing Rights: Assumptions used in determining MSR value (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Assumptions used in determining MSR value	Prepayment Speeds Average Life(Years) Discount Rate June 30, 2017 3.79% 6.28 10.01 December 31, 2016 3.77% 6.52 10.01

12) Acquisitions_ Estimated Fai

12) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Estimated Fair Values of Assets Acquired and Liabilities Assumed	Fixed maturity securities, held to maturity $ 43,878,084 Equity securities, available for sale 646,335 Mortgage loans on real estate 4,528,582 Real estate held for investment 528,947 Policy loans 145,953 Accrued investment income 585,985 Cash and cash equivalents 7,782,883 Receivables 73,347 Property and equipment 21,083 Deferred tax asset 1,190,862 Receivable from reinsurers 34,948 Other 57,768 Total assets acquired 59,474,777 Future life, annuity, and other benefits (52,648,838) Accounts payable (6,953) Other liabilities and accrued expenses (65,986) Total liabilities assumed (52,721,777) Fair value of net assets acquired/consideration paid $ 6,753,000

12) Acquisitions_ Business Acqu

12) Acquisitions: Business Acquisition, Pro Forma Information (Tables)	6 Months Ended
	Jun. 30, 2017
Tables/Schedules
Business Acquisition, Pro Forma Information	For the Three Months Ended June 30 (unaudited) For the Six Months Ended June 30 (unaudited) 2016 2016 Total revenues $ 81,065,790 $ 151,680,444 Net earnings $ 4,987,815 $ 7,289,973 Net earnings per Class A equivalent common share $ 0.34 $ 0.50 Net earnings per Class A equivalent common share assuming dilution $ 0.33 $ 0.48

3) Investments_ Held-to-matur53

3) Investments: Held-to-maturity Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
AmortizedCost	$ 193,208,660	$ 184,979,644
Held-to-maturity Securities, Unrecognized Holding Gain	14,314,294	11,078,349
Held-to-maturity Securities, Unrecognized Holding Loss	(2,478,511)	(4,207,244)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	205,044,443	191,850,749
Mortgage loans on real estate and construction	134,999,264	149,181,578
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(387,020)
Mortgage loans on real estate and construction, allowance for losses	(1,921,028)	(1,748,783)
Real estate held for investment, net of depreciation	151,355,029	145,165,921
Policy loans	6,685,452	6,694,148
Insurance assignments	32,450,071	33,548,079
Other investments	2,925,000	1,765,752
Allowance for doubtful accounts	(1,072,529)	(1,119,630)
Total policy loans and other investments	40,987,994	40,937,146
Short-term investments at amortized cost	23,448,480	27,560,040
Promissory notes		48,797
Residential Mortgage
Mortgage loans on real estate and construction	63,031,000	58,593,622
Residential Construction
Mortgage loans on real estate and construction	34,512,524	40,800,117
Commercial Loan
Mortgage loans on real estate and construction	39,763,788	51,536,622
US Treasury and Government
AmortizedCost	14,420,200	4,475,065
Held-to-maturity Securities, Unrecognized Holding Gain	248,373	249,028
Held-to-maturity Securities, Unrecognized Holding Loss	(59,763)	(66,111)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	14,608,810	4,657,982
US States and Political Subdivisions Debt Securities
AmortizedCost	5,973,209	6,017,225
Held-to-maturity Securities, Unrecognized Holding Gain	130,535	153,514
Held-to-maturity Securities, Unrecognized Holding Loss	(89,335)	(133,249)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	6,014,409	6,037,490
Corporate Debt Securities
AmortizedCost	161,579,151	164,375,636
Held-to-maturity Securities, Unrecognized Holding Gain	13,657,535	10,440,989
Held-to-maturity Securities, Unrecognized Holding Loss	(2,170,322)	(3,727,013)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	173,066,364	171,089,612
Collateralized Mortgage Backed Securities
AmortizedCost	10,612,465	9,488,083
Held-to-maturity Securities, Unrecognized Holding Gain	238,013	221,400
Held-to-maturity Securities, Unrecognized Holding Loss	(159,091)	(280,871)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	10,691,387	9,428,612
Redeemable Preferred Stock
AmortizedCost	623,635	623,635
Held-to-maturity Securities, Unrecognized Holding Gain	39,838	13,418
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	663,473	637,053
Industrial, miscellaneous and all other equity securities
AmortizedCost		10,985,338
Held-to-maturity Securities, Unrecognized Holding Gain		447,110
Held-to-maturity Securities, Unrecognized Holding Loss		(859,092)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.		10,573,356
Available-for-sale Securities, Amortized Cost Basis	6,969,968
Available-for-sale Securities, Gross Unrealized Gain	388,504
AvailableForSaleSecuritiesGrossUnrealizedLosses	(859,372)	(859,092)
Represents the monetary amount of AvailableForSaleSecuritiesEstimatedFairValue, as of the indicated date.	6,499,100
Equity Securities
AmortizedCost		10,985,338
Held-to-maturity Securities, Unrecognized Holding Gain		447,110
Held-to-maturity Securities, Unrecognized Holding Loss		(859,092)
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.		10,573,356
Available-for-sale Securities, Amortized Cost Basis	6,969,968
Available-for-sale Securities, Gross Unrealized Gain	388,504
AvailableForSaleSecuritiesGrossUnrealizedLosses	(859,372)	$ (859,092)
Represents the monetary amount of AvailableForSaleSecuritiesEstimatedFairValue, as of the indicated date.	$ 6,499,100

3) Investments_ Schedule of U54

3) Investments: Schedule of Unrealized Loss on Investments (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Held-to-maturity Securities, Unrecognized Holding Loss	$ 2,478,511	$ 4,207,244
Held-to-maturity Securities, Fair Value	50,468,094	64,910,462
Fair Value	2,573,445	3,749,018
USTreasurySecurities1Member
Held-to-maturity Securities, Fair Value	12,614,366	1,342,088
US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	89,335	133,249
Held-to-maturity Securities, Fair Value	2,964,864	3,686,856
Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	2,170,322	3,727,013
Held-to-maturity Securities, Fair Value	30,945,613	54,765,151
Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	159,091	280,871
Held-to-maturity Securities, Fair Value	3,943,251	5,116,367
Industrial, miscellaneous and all other equity securities
Held-to-maturity Securities, Unrecognized Holding Loss		859,092
AvailableForSaleSecuritiesGrossUnrealizedLosses	859,372	859,092
Equity Securities
Held-to-maturity Securities, Unrecognized Holding Loss		859,092
AvailableForSaleSecuritiesGrossUnrealizedLosses	859,372	859,092
Less than 12 months
Held-to-maturity Securities, Unrecognized Holding Loss	945,487	2,104,387
Held-to-maturity Securities, Fair Value	38,005,115	51,001,049
Fair Value	1,275,336	2,063,144
Less than 12 months | USTreasurySecurities1Member
Held-to-maturity Securities, Unrecognized Holding Loss	59,763	66,111
Held-to-maturity Securities, Fair Value	12,614,366	1,342,088
Less than 12 months | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	89,335	133,249
Held-to-maturity Securities, Fair Value	2,964,864	3,686,856
Less than 12 months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	696,803	1,728,312
Held-to-maturity Securities, Fair Value	19,580,014	41,796,016
Less than 12 months | Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	99,586	176,715
Held-to-maturity Securities, Fair Value	2,845,871	4,176,089
Less than 12 months | Industrial, miscellaneous and all other equity securities
AvailableForSaleSecuritiesGrossUnrealizedLosses	$ 175,601	$ 215,563
No. of Investment Positions	137	124
Less than 12 months | Equity Securities
AvailableForSaleSecuritiesGrossUnrealizedLosses	$ 175,601	$ 215,563
No. of Investment Positions	137	124
More than 12 months
Held-to-maturity Securities, Unrecognized Holding Loss	$ 1,533,024	$ 2,102,857
Held-to-maturity Securities, Fair Value	12,462,979	13,909,413
Fair Value	1,298,109	1,685,874
More than 12 months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	1,473,519	1,998,701
Held-to-maturity Securities, Fair Value	11,365,599	12,969,135
More than 12 months | Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	59,505	104,156
Held-to-maturity Securities, Fair Value	1,097,380	940,278
More than 12 months | Industrial, miscellaneous and all other equity securities
AvailableForSaleSecuritiesGrossUnrealizedLosses	$ 683,771	$ 643,529
No. of Investment Positions	84	104
More than 12 months | Equity Securities
AvailableForSaleSecuritiesGrossUnrealizedLosses	$ 683,771	$ 643,529
No. of Investment Positions	84	104
TotalMember
Held-to-maturity Securities, Unrecognized Holding Loss	$ 2,478,511	$ 4,207,244
TotalMember | USTreasurySecurities1Member
Held-to-maturity Securities, Unrecognized Holding Loss	59,763	66,111
TotalMember | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	89,335	133,249
TotalMember | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	2,170,322	3,727,013
TotalMember | Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 159,091	$ 280,871

3) Investments (Details)

3) Investments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Average market value over amortized cost	95.30%		95.30%		93.90%
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	$ 266,227	$ 30,000	$ 318,366	$ 60,000
Net Investment Income	9,747,475	9,135,820	19,310,757	18,128,011
Securities on deposit for regulatory authorities	9,267,402		9,267,402		$ 9,269,121
Cemeteries and mortuaries
Net Investment Income	$ 124,983	$ 74,365	$ 240,485	$ 162,341

3) Investments_ Investments C56

3) Investments: Investments Classified by Contractual Maturity Date (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
AmortizedCost	$ 193,208,660	$ 184,979,644
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	205,044,443	191,850,749
Collateralized Mortgage Backed Securities
AmortizedCost	10,612,465	9,488,083
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	10,691,387	9,428,612
Redeemable Preferred Stock
AmortizedCost	623,635	623,635
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	663,473	$ 637,053
DueIn2017Member
AmortizedCost	2,711,324
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	2,725,318
DueIn2018Through2021Member
AmortizedCost	50,865,992
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	52,437,835
DueIn2022Through2026Member
AmortizedCost	43,504,148
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	45,811,635
DueAfter2026Member
AmortizedCost	84,891,096
Represents the monetary amount of HeldToMaturitySecuritiesEstimatedFairValue, as of the indicated date.	$ 92,714,795

3) Investments_ Equity Securiti

3) Investments: Equity Securities - Additional (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2017	Dec. 31, 2016
Average Market Value of Security over initial investment		75.00%	81.40%
Equity Securities
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	$ 43,630

3) Investments_ Gain (Loss) o58

3) Investments: Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fixed maturity securities held to maturity:	$ 621,175	$ 90,543	$ 714,366	$ 114,835
Held-to-maturity Securities
Gross Realized Gains	50,987	194,456	53,422	194,456
Gross Realized Losses	(35,066)		(35,066)	(2,878)
Other than Temporary Impairments	(266,227)	(30,000)	(318,366)	(60,000)
Available-for-sale Securities
Gross Realized Gains	45,474	76,085	106,452	139,580
Gross Realized Losses	(53,881)	(8,724)	(58,437)	(32,602)
Other than Temporary Impairments				(43,630)
Other Assets
Gross Realized Gains	1,325,424	583,688	1,781,698	866,283
Gross Realized Losses	$ (445,536)	$ (724,962)	$ (815,337)	$ (946,374)

3) Investments_ Net carrying am

3) Investments: Net carrying amount of held to maturity securities (Details) - Held-to-maturity Securities - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net carrying amount for sales of securities	$ 255,509	$ 1,789,159
Net realized gain related to sales of securities	$ 39,374	$ 156,171

3) Investments_ Schedule of M60

3) Investments: Schedule of Major categories of net investment income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Gross investment income	$ 12,799,774	$ 12,086,882	$ 25,621,998	$ 24,135,947
Investment Income, Investment Expense	(3,052,299)	(2,951,062)	(6,311,241)	(6,007,936)
Net Investment Income	9,747,475	9,135,820	19,310,757	18,128,011
Fixed Maturities
Gross investment income	2,433,404	2,011,637	4,792,364	4,062,206
Equity Securities
Gross investment income	68,868	59,252	133,403	130,293
Mortgage Loans - Real Estate
Gross investment income	2,128,345	2,295,531	4,340,521	4,306,506
Real Estate
Gross investment income	2,834,022	2,587,789	5,722,084	5,426,272
PolicyStudentAndOtherLoansMember
Gross investment income	233,021	171,035	426,755	353,241
Insurance Assignments
Gross investment income	3,100,721	2,946,375	6,382,333	5,963,484
Other investments
Gross investment income	12,448	13,962	19,990	13,962
Short-term investments, principally gains on sale of mortgage loans
Gross investment income	$ 1,988,945	$ 2,001,301	$ 3,804,548	$ 3,879,983

3) Investments_ Commercial Re61

3) Investments: Commercial Real Estate Investment (Details)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 151,355,029	$ 145,165,921
Commercial Real Estate 1
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 80,084,514	$ 68,973,936
Square Footage	723,477	739,747
Commercial Real Estate 1 | ArizonaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 4,000	$ 450,538
Square Footage		16,270
Commercial Real Estate 1 | ArkansasMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 98,269	$ 100,369
Square Footage	3,200	3,200
Commercial Real Estate 1 | KansasMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 12,101,659	$ 12,450,297
Square Footage	222,679	222,679
Commercial Real Estate 1 | LouisianaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 505,948	$ 518,700
Square Footage	7,063	7,063
Commercial Real Estate 1 | MississippiMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 3,771,725	$ 3,818,985
Square Footage	33,821	33,821
Commercial Real Estate 1 | NewMexicoMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 7,000	$ 7,000
Commercial Real Estate 1 | TexasMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 3,744,730	$ 3,734,974
Square Footage	23,470	23,470
Commercial Real Estate 1 | UtahMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 59,851,183	$ 47,893,073
Square Footage	433,244	433,244

3) Investments_ Residential R62

3) Investments: Residential Real Estate Investment (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 151,355,029	$ 145,165,921
Residential Real Estate 1
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	71,270,515	76,191,985
Residential Real Estate 1 | ArizonaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	534,381	742,259
Residential Real Estate 1 | CaliforniaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	5,621,924	5,848,389
Residential Real Estate 1 | ColoradoMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)		364,489
Residential Real Estate 1 | FloridaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	7,462,137	8,327,355
Residential Real Estate 1 | HawaiiMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	712,286
Residential Real Estate 1 | OhioMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)		46,658
Residential Real Estate 1 | OklahomaMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	17,500
Residential Real Estate 1 | TexasMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	513,962	1,091,188
Residential Real Estate 1 | UtahMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	56,075,486	59,485,466
Residential Real Estate 1 | WashingtonMember
Real estate held for investment (net of accumulated depreciation of $17,064,559 and $16,138,439 for 2017 and 2016)	$ 286,181	$ 286,181

3) Investments_ Mortgage Loans

3) Investments: Mortgage Loans - Additional (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Mortgage loans on real estate balances, net of allowance for losses	$ 1,921,028	$ 1,748,783

3) Investments_ Schedule of A64

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses, Beginning Balance	$ 1,748,783	$ 1,848,120
Allowance for credit losses, Charge-offs	(114,669)	(420,135)
Allowance for credit losses, Provision	286,914	320,798
Financing Receivable, Allowance for Credit Losses, Ending Balance	1,921,028	1,748,783
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	397,938	374,501
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,523,090	1,374,282
Mortgage loans	137,307,312	150,930,361
Financing Receivable, Individually Evaluated for Impairment	6,684,163	3,184,425
Financing Receivable, Collectively Evaluated for Impairment	130,623,149	147,745,936
Commercial Loan
Financing Receivable, Allowance for Credit Losses, Beginning Balance	187,129	187,129
Financing Receivable, Allowance for Credit Losses, Ending Balance	187,129	187,129
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	187,129	187,129
Mortgage loans	39,763,788	51,536,622
Financing Receivable, Individually Evaluated for Impairment	1,216,035	202,992
Financing Receivable, Collectively Evaluated for Impairment	38,547,753	51,333,630
Residential Mortgage
Financing Receivable, Allowance for Credit Losses, Beginning Balance	1,461,540	1,560,877
Allowance for credit losses, Charge-offs	(49,775)	(420,135)
Allowance for credit losses, Provision	286,914	320,798
Financing Receivable, Allowance for Credit Losses, Ending Balance	1,698,679	1,461,540
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	397,938	374,501
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,300,741	1,087,039
Mortgage loans	63,031,000	58,593,622
Financing Receivable, Individually Evaluated for Impairment	5,092,895	2,916,538
Financing Receivable, Collectively Evaluated for Impairment	57,938,105	55,677,084
Residential Construction
Financing Receivable, Allowance for Credit Losses, Beginning Balance	100,114	100,114
Allowance for credit losses, Charge-offs	(64,894)
Financing Receivable, Allowance for Credit Losses, Ending Balance	35,220	100,114
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	35,220	100,114
Mortgage loans	34,512,524	40,800,117
Financing Receivable, Individually Evaluated for Impairment	375,233	64,895
Financing Receivable, Collectively Evaluated for Impairment	$ 34,137,291	$ 40,735,222

3) Investments_ Schedule of a65

3) Investments: Schedule of aging of mortgage loans (Details) - USD ($)		6 Months Ended	12 Months Ended
		Jun. 30, 2017	Dec. 31, 2016
Mortgage Loans during period		$ 137,307,312	$ 150,930,361
Mortgage Loans, Allowance for Loan Losses		(1,921,028)	(1,748,783)
Mortgage Loans, Unamortized deferred loan fees, net		(387,020)
Commercial Loan
Mortgage Loans during period		39,763,788	51,536,622
Mortgage Loans, Allowance for Loan Losses		(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(184,983)
Residential Mortgage
Mortgage Loans during period		63,031,000	58,593,622
Mortgage Loans, Allowance for Loan Losses		(1,698,679)	(1,461,540)
Mortgage Loans, Unamortized deferred loan fees, net		(25,640)
Residential Construction
Mortgage Loans during period		34,512,524	40,800,117
Mortgage Loans, Allowance for Loan Losses		(35,220)	(100,114)
Mortgage Loans, Unamortized deferred loan fees, net		(176,397)
Past due 30 to 59 days
Mortgage Loans during period		545,654	964,960
Past due 30 to 59 days | Commercial Loan
Mortgage Loans during period		522,607
Past due 30 to 59 days | Residential Mortgage
Mortgage Loans during period		23,047	964,960
Past due 60 to 89 days
Mortgage Loans during period		2,648,068	996,779
Past due 60 to 89 days | Residential Mortgage
Mortgage Loans during period		2,648,068	996,779
Past due 90 or more days
Mortgage Loans during period	[1]	3,987,430	1,355,250
Past due 90 or more days | Commercial Loan
Mortgage Loans during period	[1]	1,012,500
Past due 90 or more days | Residential Mortgage
Mortgage Loans during period	[1]	2,599,697	1,290,355
Past due 90 or more days | Residential Construction
Mortgage Loans during period	[1]	375,233	64,895
In Foreclosure
Mortgage Loans during period	[1]	2,696,733	1,829,175
In Foreclosure | Commercial Loan
Mortgage Loans during period	[1]	203,535	202,992
In Foreclosure | Residential Mortgage
Mortgage Loans during period	[1]	2,493,198	1,626,183
Total Past Due
Mortgage Loans during period		9,877,885	5,146,164
Total Past Due | Commercial Loan
Mortgage Loans during period		1,738,642	202,992
Total Past Due | Residential Mortgage
Mortgage Loans during period		7,764,010	4,878,277
Total Past Due | Residential Construction
Mortgage Loans during period		375,233	64,895
Current
Mortgage Loans during period		127,429,427	145,784,197
Current | Commercial Loan
Mortgage Loans during period		38,025,146	51,333,630
Current | Residential Mortgage
Mortgage Loans during period		55,266,990	53,715,345
Current | Residential Construction
Mortgage Loans during period		$ 34,137,291	$ 40,735,222
[1]	There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

3) Investments_ Schedule of I66

3) Investments: Schedule of Impaired Mortgage Loans (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Commercial Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,216,035	$ 202,992
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	709,514	202,992
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,216,035	202,992
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,216,035	202,992
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	709,514	202,992
Residential Construction
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	375,233	64,895
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	220,064	79,082
Impaired Financing Receivable, with Related Allowance, Recorded Investment	375,233	64,895
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	375,233	64,895
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	220,064	79,082
Residential Mortgage
Impaired Financing Receivable, with Related Allowance, Recorded Investment	5,092,895	2,916,538
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	5,092,895	2,916,538
Impaired Financing Receivable, Related Allowance	397,938	374,501
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	4,004,717	3,001,850
TotalResidentialMortgageMember
Impaired Financing Receivable, with Related Allowance, Recorded Investment	5,092,895	2,916,538
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	5,092,895	2,916,538
Impaired Financing Receivable, Related Allowance	397,938	374,501
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 4,004,717	$ 3,001,850

3) Investments_ Schedule Of C67

3) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Mortgage loans	$ 137,307,312	$ 150,930,361
Commercial Loan
Mortgage loans	39,763,788	51,536,622
Residential Mortgage
Mortgage loans	63,031,000	58,593,622
Residential Construction
Mortgage loans	$ 34,512,524	$ 40,800,117

3) Investments_ Summary of Inte

3) Investments: Summary of Interest not accrued on non-performing mortgage loans (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Interest not accrued on non-performing loans	$ 106,000	$ 172,000

3) Investments_ Schedule of M69

3) Investments: Schedule of Mortgage loans on a nonaccrual status (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 6,684,163	$ 3,184,425
Commercial Loan
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	1,216,035	202,992
Residential Mortgage
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	5,092,895	2,916,538
Residential Construction
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 375,233	$ 64,895

3) Investments_ Schedule of l70

3) Investments: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Beginning, Loan Loss Reserve	$ 627,733	$ 2,805,900
Loan loss reserve, Provisions for losses	953,453	2,988,754
Additional loan loss reserve, Provisions for losses		1,700,000
Loan loss reserve, Charge-offs	(446,067)	(6,866,921)
Ending, Loan Loss Reserve	$ 1,135,119	$ 627,733

4) Stock-based Compensation (De

4) Stock-based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Details
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 101,316	$ 84,026	$ 203,312	$ 168,478
Unrecognized compensation expense related to the options issued in December 2014	$ 172,148		172,148
Total intrinsic value			$ 578,017	$ 91,989

4) Stock-based Compensation_ 72

4) Stock-based Compensation: Schedule of stock inventive plan changes (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Class A Common Stock
Shares, Outstanding	741,973	589,801	741,973	618,261
Shares outstanding	$ 4.33	$ 3.97	$ 4.33	$ 3.89
Shares Exercised		(28,460)
Per Share Shares Exercised		$ 2.15
Options Exercisable	671,816	519,711
Options exercisable	$ 4.08	$ 3.65
Available options for future grant	$ 525,682	$ 397,342
Weighted average contractual term of options outstanding	6.87 years	7.25 years
Weighted average contractual term of options exercisable	6.61 years	6.96 years
Aggregated intrinsic value of options outstanding	$ 1,564,592	$ 755,390
Aggregated intrinsic value of options exercisable	$ 1,564,592	$ 755,390
Class C Common Stock
Shares, Outstanding	428,669	577,436	556,298	577,436
Shares outstanding	$ 5.59	$ 3.54	$ 4.61	$ 3.54
Shares Exercised	(103,402)
Per Share Shares Exercised	$ 1.31
Shares Cancelled	(24,227)
Per Share Shares cancelled	$ 1.31
Options Exercisable	386,669	524,936
Options exercisable	$ 5.40	$ 3.19
Available options for future grant	$ 227,750	$ 57,750
Weighted average contractual term of options outstanding	2.88 years	2.25 years
Weighted average contractual term of options exercisable	2.71 years	2.03 years
Aggregated intrinsic value of options outstanding	$ 449,896	$ 1,001,904
Aggregated intrinsic value of options exercisable	$ 449,896	$ 1,001,904

5) Earnings Per Share_ Schedu73

5) Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Details
Net earnings	$ 2,485,864	$ 5,017,006	$ 4,345,864	$ 7,554,947
Weighted-average Class A equivalent common share outstanding (1)	15,161,689	14,747,976	15,110,119	14,702,187
GrantOfEmployeeStockOptions	$ 330,588	$ 363,348	$ 344,388	$ 412,348
Diluted weighted-average shares outstanding	15,492,277	15,111,324	15,454,507	15,114,535
Net earnings per Class A Equivalent common share (1)	$ 0.16	$ 0.34	$ 0.29	$ 0.51
Net earnings per Class A Equivalent common share-assuming dilution (1)	$ 0.16	$ 0.33	$ 0.28	$ 0.50

5) Earnings Per Share (Details)

5) Earnings Per Share (Details) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Details
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 330,225	$ 250,039

6) Business Segments_ Schedul75

6) Business Segments: Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Revenue from customers	$ 73,171,558	$ 80,087,227	$ 144,000,855	$ 149,543,575
SegmentReportingInformationIncomeLossBeforeIncomeTaxes	3,994,299	7,985,886	6,892,069	12,056,966
Identifiable Assets	973,748,620	886,165,744	973,748,620	886,165,744
Goodwill	2,765,570	2,765,570	2,765,570	2,765,570	$ 2,765,570
Life Insurance Segment
Revenue from customers	25,723,657	23,569,437	51,882,358	45,644,571
SegmentReportingInformationIntersegmentRevenue	2,977,427	3,358,988	5,966,078	6,462,434
SegmentReportingInformationIncomeLossBeforeIncomeTaxes	2,818,600	2,542,035	4,302,080	3,645,762
Identifiable Assets	839,619,710	727,655,688	839,619,710	727,655,688
Goodwill	2,765,570	2,765,570	2,765,570	2,765,570
Cemetery and Mortuary
Revenue from customers	3,314,003	3,813,701	6,918,900	7,144,467
SegmentReportingInformationIntersegmentRevenue	113,104	221,862	222,455	508,787
SegmentReportingInformationIncomeLossBeforeIncomeTaxes	335,877	759,607	1,094,788	1,228,662
Identifiable Assets	95,058,739	95,831,664	95,058,739	95,831,664
Mortgage
Revenue from customers	44,133,898	52,704,089	85,199,597	96,754,537
SegmentReportingInformationIntersegmentRevenue	86,414	80,860	182,184	160,339
SegmentReportingInformationIncomeLossBeforeIncomeTaxes	839,822	4,684,244	1,495,201	7,182,542
Identifiable Assets	170,463,229	194,523,880	170,463,229	194,523,880
Significant Reconciling Items
SegmentReportingInformationIntersegmentRevenue	(3,176,945)	(3,661,710)	(6,370,717)	(7,131,560)
Identifiable Assets	$ (131,393,058)	$ (131,845,488)	$ (131,393,058)	$ (131,845,488)

7)_ Fair Value of Financial I76

7): Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Assets accounted for at fair value on a recurring basis
Available-for-sale Securities	$ 6,499,100	$ 10,573,356
Restricted assets of cemeteries and mortuaries	761,409	736,603
Cemetery perpetual care trust investments	670,407	698,202
Derivatives - loan commitments	7,986,876	6,911,544
Assets, Fair Value Disclosure	15,917,792	18,919,705
Liabilities accounted for at fair value on a recurring basis
Derivatives - bank loan interest rate swaps	(692)	(3,308)
Derivatives - Call Options	(24,670)	(109,474)
Derivatives - Put Options	(44,573)	(26,494)
Derivatives - loan commitments1	(21,830)	(102,212)
Liabilities accounted for at fair value	(91,765)	(241,488)
Fair Value, Inputs, Level 1
Assets accounted for at fair value on a recurring basis
Available-for-sale Securities	6,499,100	10,573,356
Restricted assets of cemeteries and mortuaries	761,409	736,603
Cemetery perpetual care trust investments	670,407	698,202
Assets, Fair Value Disclosure	7,930,916	12,008,161
Liabilities accounted for at fair value on a recurring basis
Derivatives - Call Options	(24,670)	(109,474)
Derivatives - Put Options	(44,573)	(26,494)
Liabilities accounted for at fair value	(69,243)	(135,968)
Fair Value, Inputs, Level 3
Assets accounted for at fair value on a recurring basis
Derivatives - loan commitments	7,986,876	6,911,544
Assets, Fair Value Disclosure	7,986,876	6,911,544
Liabilities accounted for at fair value on a recurring basis
Derivatives - bank loan interest rate swaps	(692)	(3,308)
Derivatives - loan commitments1	(21,830)	(102,212)
Liabilities accounted for at fair value	$ (22,522)	$ (105,520)

7)_ Fair Value of Financial I77

7): Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Loan Commitments
Fair Value Balance	$ 6,809,332	$ 7,671,495
Fair Value, Losses (Gains) included in earnings	1,155,714	(862,163)
Fair Value Balance	7,965,046	6,809,332
Bank Loan Interest Rate Swaps
Fair Value Balance	(3,308)	(13,947)
Fair Value, Losses (Gains) included in other comprehensive income	2,616	10,639
Fair Value Balance	$ (692)	$ (3,308)

7)_ Fair Value of Financial I78

7): Fair Value of Financial Instruments: Schedule of Fair Value Measurements, Nonrecurring (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate	$ 6,684,163	$ 2,809,925
Assets accounted for at fair value on a nonrecurring basis - Mortgage servicing rights	2,867,263	8,603,154
Assets accounted for at fair value on a nonrecurring basis - Impaired fixed maturity securities, held to maturity	204,880
Assets, Fair Value Disclosure, Nonrecurring	9,756,306	13,760,899
Assets accounted for at fair value on non-recurring basis
Real estate held for investment		2,347,820
Fair Value, Inputs, Level 2
Assets accounted for at fair value on a nonrecurring basis - Impaired fixed maturity securities, held to maturity	204,880
Assets, Fair Value Disclosure, Nonrecurring	204,880
Fair Value, Inputs, Level 3
Mortgage Loans on Real Estate	6,684,163	2,809,925
Assets accounted for at fair value on a nonrecurring basis - Mortgage servicing rights	2,867,263	8,603,154
Assets, Fair Value Disclosure, Nonrecurring	$ 9,551,426	13,760,899
Assets accounted for at fair value on non-recurring basis
Real estate held for investment		$ 2,347,820

7)_ Fair Value of Financial I79

7): Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
FixedMaturitySecuritiesHeldToMaturityMember
Carrying Value	$ 193,208,660	$ 184,979,644
Estimated Fair Value	205,044,443	191,850,749
Residential Mortgage
Carrying Value	61,306,680	57,132,082
Estimated Fair Value	65,473,057	61,357,393
Residential Construction
Carrying Value	34,300,908	40,700,003
Estimated Fair Value	34,300,908	40,700,003
Commercial Loan
Carrying Value	39,391,676	51,349,493
Estimated Fair Value	40,945,013	53,299,800
MortgageLoansNet1Member
Carrying Value	134,999,264	149,181,578
Estimated Fair Value	140,718,978	155,357,196
LoansHeldForSaleMember
Carrying Value	173,367,938	189,578,243
Estimated Fair Value	177,060,605	192,289,854
PolicyLoanMember
Carrying Value	6,685,452	6,694,148
Estimated Fair Value	6,685,452	6,694,148
Insurance Assignments
Carrying Value	31,377,542	32,477,246
Estimated Fair Value	31,377,542	32,477,246
ShortTermInvestments1Member
Carrying Value	23,448,480	27,560,040
Estimated Fair Value	23,448,480	27,560,040
MortgageServicingRightsMember
Carrying Value	20,096,965	18,872,362
Estimated Fair Value	26,448,288	25,496,832
BankAndOtherLoansPayableMember
Carrying Value	(163,581,969)	(152,137,371)
Estimated Fair Value	(163,581,969)	(152,137,371)
PolicyholderAccountBalancesMember
Carrying Value	(48,540,633)	(49,421,125)
Estimated Fair Value	(37,834,097)	(38,530,031)
FuturePolicyBenefitsAnnuitiesMember
Carrying Value	(99,076,489)	(99,388,662)
Estimated Fair Value	(99,975,768)	(100,253,261)
Fair Value, Inputs, Level 2 | FixedMaturitySecuritiesHeldToMaturityMember
Estimated Fair Value	205,044,443	191,850,749
Fair Value, Inputs, Level 2 | ShortTermInvestments1Member
Estimated Fair Value	23,448,480	27,560,040
Fair Value, Inputs, Level 3 | Residential Mortgage
Estimated Fair Value	65,473,057	61,357,393
Fair Value, Inputs, Level 3 | Residential Construction
Estimated Fair Value	34,300,908	40,700,003
Fair Value, Inputs, Level 3 | Commercial Loan
Estimated Fair Value	40,945,013	53,299,800
Fair Value, Inputs, Level 3 | MortgageLoansNet1Member
Estimated Fair Value	140,718,978	155,357,196
Fair Value, Inputs, Level 3 | LoansHeldForSaleMember
Estimated Fair Value	177,060,605	192,289,854
Fair Value, Inputs, Level 3 | PolicyLoanMember
Estimated Fair Value	6,685,452	6,694,148
Fair Value, Inputs, Level 3 | Insurance Assignments
Estimated Fair Value	31,377,542	32,477,246
Fair Value, Inputs, Level 3 | MortgageServicingRightsMember
Estimated Fair Value	26,448,288	25,496,832
Fair Value, Inputs, Level 3 | BankAndOtherLoansPayableMember
Estimated Fair Value	(163,581,969)	(152,137,371)
Fair Value, Inputs, Level 3 | PolicyholderAccountBalancesMember
Estimated Fair Value	(37,834,097)	(38,530,031)
Fair Value, Inputs, Level 3 | FuturePolicyBenefitsAnnuitiesMember
Estimated Fair Value	$ (99,975,768)	$ (100,253,261)

9) Derivative Commitments_ Sc80

9) Derivative Commitments: Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Derivative, Notional Amount	$ 220,263,881	$ 195,439,555
Derivative Asset, Notional Amount	7,986,876	6,911,544
Derivative Liability, Notional Amount	91,765	241,488
Loan Commitments
Derivative, Notional Amount	216,706,500	191,757,193
Derivative Asset, Notional Amount	7,986,876	6,911,544
Derivative Liability, Notional Amount	21,830	102,212
Call Options
Derivative, Notional Amount	1,076,550	2,169,850
Derivative Liability, Notional Amount	24,670	109,474
Put Options
Derivative, Notional Amount	2,392,950	1,336,750
Derivative Liability, Notional Amount	44,573	26,494
Bank Loan Interest Rate Swaps
Derivative, Notional Amount	87,881	175,762
Derivative Liability, Notional Amount	$ 692	$ 3,308

9) Derivative Commitments_ Sc81

9) Derivative Commitments: Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Details
Gain (Loss) on Derivatives, Interest Rate Swaps	$ 1,021	$ 2,804	$ 2,616	$ 5,541
TaxEffect-GainLossOnDerivatives	398	1,094	1,020	2,161
Gain (Loss) on Derivatives, Total	623	1,710	1,596	3,380
Gain (Loss) on Derivatives, Loan Commitments	(1,011,879)	1,004,254	1,155,714	2,965,388
Gain (Loss) on Derivatives, Call and put options	$ 54,266	$ 82,667	$ 188,828	$ 137,272

10) Reinsurance, Commitments 82

10) Reinsurance, Commitments and Contingencies: Mortgage Loan Loss Settlements (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Funds reserved and accrued to settle investor related claims	$ 1,135,000	$ 628,000

10) Reinsurance, Commitments 83

10) Reinsurance, Commitments and Contingencies: Other Contingencies and Commitments (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Commitments to fund new residential construction loans	$ 52,551,000
Commitments to fund new residential construction loans funded	34,513,000
Reserves related to insurance programs	$ 653,627	$ 416,576

11) Mortgage Servicing Rights84

11) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Balance before valuation allowance at beginning of year	$ 18,872,362	$ 12,679,755
MSRs proceeds from loan sales	2,867,263	8,603,154
Amortization	(1,642,660)	(2,410,547)
Balance before valuation allowance at year end	20,096,965	18,872,362
Mortgage servicing rights, net	20,096,965	18,872,362
Estimated fair value of MSRs at end of period	$ 26,448,288	$ 25,496,832

11) Mortgage Servicing Rights85

11) Mortgage Servicing Rights: Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details)	Jun. 30, 2017USD ($)
Details
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 1,053,392
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3,173,929
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,173,929
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,173,929
Finite-Lived Intangible Assets, Amortization Expense, Year Five	3,173,929
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	6,347,857
Finite-Lived Intangible Assets, Accumulated Amortization	$ 20,096,965

11) Mortgage Servicing Rights86

11) Mortgage Servicing Rights: Schedule of Other Revenues (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other Revenue, Net	$ 1,852,946	$ 1,371,120	$ 3,648,121	$ 2,617,302
Contractual Servicing Fees
Other Revenue, Net	1,785,361	1,326,781	3,510,594	2,528,355
Late fees
Other Revenue, Net	$ 67,585	$ 44,339	$ 137,527	$ 88,947

11) Mortgage Servicing Rights87

11) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Details
Servicing Unpaid Principal Balance	$ 2,744,354,316	$ 2,720,441,340

11) Mortgage Servicing Rights88

11) Mortgage Servicing Rights: Assumptions used in determining MSR value (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Details
Prepayment Speeds	3.79%	3.77%
Average Life in Years of MSR	6.28	6.52
Discount Rate	10.01%	10.01%

12) Acquisitions_ Estimated F89

12) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details)	6 Months Ended
	Jun. 30, 2017USD ($)
Details
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fixed Maturity Securities, Held to Maturity	$ 43,878,084
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equity Securities, Available for Sale	646,335
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Loans on Real Estate	4,528,582
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Real Estate Held for Investment	528,947
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Policy Loans	145,953
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accrued Investment Income	585,985
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	7,782,883
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	73,347
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	21,083
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	1,190,862
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Received from Reinsurers	34,948
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	57,768
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	59,474,777
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Future Life, Annuity, and other Benefits	(52,648,838)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(6,953)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	(65,986)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(52,721,777)
Fair Value of Assets Acquired	$ 6,753,000

12) Acquisitions_ Business Ac90

12) Acquisitions: Business Acquisition, Pro Forma Information (Details) - First Guaranty Insurance Company - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Business Acquisition, Pro Forma Revenue	$ 81,065,790	$ 151,680,444
Business Acquisition, Pro Forma Net Income (Loss)	$ 4,987,815	$ 7,289,973
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 0.34	$ 0.50
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.33	$ 0.48