Security National Financial (SNFCA) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Registrant CIK	0000318673
Fiscal Year End	--12-31
Registrant Name	Security National Financial Corporation
SEC Form	10-Q
Period End date	Sep. 30, 2019
Tax Identification Number (TIN)	87-0345941
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	false
Entity Incorporation, State or Country Code	UT
Entity File Number	000-09341
Entity Address, Address Line One	5300 South 360 West
Entity Address, Address Line Two	Suite 250
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84123
City Area Code	(801)
Local Phone Number	264-1060
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Document Quarterly Report	true
Document Transition Report	false
Common Class A
Number of common stock shares outstanding		15,327,298
Common Class C
Number of common stock shares outstanding		2,254,168

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Investments:
Fixed maturity securities, held to maturity, at amortized cost	$ 239,749,797	$ 232,078,723
Equity securities at estimated fair value	8,109,778	5,558,611
Mortgage loans held for investment (net of allowances for loan losses)	196,508,903	186,465,069
Real estate held for investment (net of accumulated depreciation)	117,055,398	121,558,222
Policy And Other Loans Receivable Net	46,448,120	46,617,655
Accrued investment income	4,046,143	3,566,146
Total investments	611,918,139	595,844,426
Cash and cash equivalents	123,178,762	142,199,942
Loans held for sale at estimated fair value	233,713,098	136,210,853
Receivables (net of allowances for doubtful accounts of $1,597,186 and $1,519,842 for 2019 and 2018)	8,611,105	8,935,343
Restricted assets (including $1,145,917 and $744,673 for 2019 and 2018 at estimated fair value)	13,555,294	10,981,562
Cemetery perpetual care trust investments (including $908,493 and $483,353 for 2019 and 2018 at estimated fair value)	4,188,476	4,335,869
Receivable from reinsurers	10,819,898	10,820,102
Cemetery land and improvements	9,777,156	9,878,427
Deferred plicy and pre-need contract acquisition costs	93,596,603	89,362,096
Mortgage servicing rights, net	16,951,124	20,016,822
Property and equipment, net	9,363,971	7,010,778
Value of business acquired	5,227,790	5,765,190
Goodwill	3,519,588	2,765,570
Other	18,228,380	6,684,143
Total Assets	1,162,649,384	1,050,811,123
Liabilities
Future policy benefits and unpaid claims	631,759,294	620,399,714
Unearned premium reserve	3,707,062	3,920,473
Bank and other loans payable	261,034,322	187,521,188
Deferred pre-need cemetery and mortuary contract revenues	12,901,226	12,508,625
Cemetery Perpetual Care Trust Obligation	3,907,519	3,821,979
Accounts payable	4,670,615	2,883,349
Other liabilities and accrued expenses	48,035,927	31,821,624
Income Taxes	15,561,029	16,122,998
Total liabilities	981,576,994	878,999,950
Stockholders' Equity
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Additional paid-in capital	42,626,015	41,821,778
Accumulated other comprehensive income, net of taxes	(1,542)	(2,823)
Retained earnings	104,228,749	95,201,732
Treasury stock at cost - 358,325 Class A shares in 2019 and 302,541 Class A shares in 2018	(943,764)	(206,396)
Total stockholders' equity	181,072,390	171,811,173
Total Liabilities and Stockholders' Equity	1,162,649,384	1,050,811,123
Common Class A
Stockholders' Equity
Common Stock, Value, Issued	30,654,596	30,609,596
Common Class B
Stockholders' Equity
Common Stock, Value, Issued	0	0
Common Class C
Stockholders' Equity
Common Stock, Value, Issued	$ 4,508,336	$ 4,387,286

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses, Real Estate	$ 1,301,476	$ 1,347,972
Real Estate Investment Property, Accumulated Depreciation	17,784,514	16,739,578
Allowance for Doubtful Accounts, Premiums and Other Receivables	1,495,268	1,092,528
Accounts Receivable, Allowance for Credit Loss	1,597,186	1,519,842
Aggregate Fair Value, Restricted Assets	1,145,917	744,673
Aggregate Fair Value, Cemetary Perpetual Care Trust Investments	$ 908,493	$ 483,353
Preferred Stock, Par or Stated Value Per Share	$ 1	$ 1
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Treasury Stock, Shares	358,325	302,541
Common Class A
Common Stock, Par or Stated Value Per Share	$ 2	$ 2
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	15,327,298	15,304,798
Common Stock, Shares, Outstanding	15,327,298	15,304,798
Common Class B
Common Stock, Par or Stated Value Per Share	$ 1	$ 1
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Shares, Issued	0	0
Common Stock, Shares, Outstanding	0	0
Common Class C
Common Stock, Par or Stated Value Per Share	$ 2	$ 2
Common Stock, Shares Authorized	3,000,000	3,000,000
Common Stock, Shares, Issued	2,254,168	2,193,643

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Insurance premiums and other considerations	$ 19,832,492	$ 18,639,401	$ 58,504,712	$ 56,640,590
Net investment income	10,478,566	9,641,496	31,061,069	29,457,892
Net mortuary and cemetery sales	3,526,416	3,646,290	11,205,774	10,430,128
Gains (losses) on investments and other assets	(519,673)	1,022,427	261,095	25,371,595
Mortgage fee income	39,735,752	31,664,704	97,161,190	88,833,944
Other Revenues	2,326,106	2,608,775	7,124,836	7,430,179
Total revenues	75,379,659	67,223,093	205,318,676	218,164,328
Benefits and expenses:
Death benefits	9,937,711	8,616,285	29,264,410	27,579,540
Surrenders and other policy benefits	636,366	692,445	2,266,275	2,198,479
Increase in future policy benefits	5,980,721	6,686,536	17,407,962	18,420,499
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	3,477,160	2,746,288	9,678,912	7,967,003
Selling, general and administrative expenses:
Commissions	16,714,061	13,619,192	40,243,042	39,361,315
Personnel	16,287,957	17,075,236	47,018,553	50,547,638
Advertising	1,361,745	1,423,933	3,566,823	3,647,610
Rent and rent related	1,749,402	1,913,813	5,377,869	5,806,296
Depreciation on property and equipment	421,970	457,430	1,294,576	1,426,087
Costs related to funding mortgage loans	1,917,390	1,732,617	4,831,604	5,147,557
Other	9,355,218	7,616,264	25,154,712	21,562,432
Interest expense	2,078,733	1,855,548	5,353,177	5,297,066
Cost of goods and services sold-mortuaries and cemeteries	701,403	575,708	2,044,937	1,641,596
Total benefits and expenses	70,619,837	65,011,295	193,502,852	190,603,118
Earnings before income taxes	4,759,822	2,211,798	11,815,824	27,561,210
Income tax expense	(1,142,408)	(198,052)	(2,788,038)	(5,383,324)
Net earnings	$ 3,617,414	$ 2,013,746	$ 9,027,786	$ 22,177,886
Earnings Per Share, Basic	$ 0.21	$ 0.12	$ 0.52	$ 1.30
Earnings Per Share, Diluted	$ 0.21	$ 0.12	$ 0.52	$ 1.28
Weighted Average Number of Shares Outstanding, Basic	17,230,987	17,152,656	17,240,745	17,072,531
Weighted Average Number of Shares Outstanding, Diluted	17,420,731	17,387,326	17,434,755	17,295,302

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Net earnings	$ 3,617,414	$ 2,013,746	$ 9,027,786	$ 22,177,886
Other comprehensive income:
Foreign currency translation adjustments	(340)	1,013	1,707	(916)
Other comprehensive income, before income tax	(340)	1,013	1,707	(916)
Income tax benefit	85	(252)	(426)	229
Other comprehensive income, net of income tax	(255)	761	1,281	(687)
Comprehensive income	$ 3,617,159	$ 2,014,507	$ 9,029,067	$ 22,177,199

Statements of changes in Stockh

Statements of changes in Stockholders' Equity (Deficit) - USD ($)	Common StockCommon Class A	Common StockCommon Class C	Additional Paid-in Capital	AOCI Attributable to Parent	Retained Earnings	Treasury Stock	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2017	$ 29,071,154	$ 4,178,748	$ 38,125,042	$ 603,170	$ 77,520,951	$ (931,075)	$ 148,567,990
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)	0	0	0	(603,170)	603,170	0	0
Net earnings	0	0	0	0	16,925,923	0	16,925,923
Share-based Payment Arrangement, Amount Capitalized	0	0	58,087	0	0	0	58,087
Proceeds from stock options exercised	63,968	0	(22,115)	0	0	0	41,853
Benefit plans funded with treasury stock	0	0	88,964	0	0	222,410	311,374
Stock dividends	3,520	(4)	5,362	0	(8,878)	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2018	29,138,642	4,178,744	38,255,340	0	95,041,166	(708,665)	165,905,227
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2017	29,071,154	4,178,748	38,125,042	603,170	77,520,951	(931,075)	148,567,990
Net earnings							22,177,886
Other comprehensive income, net of income tax							(687)
Share-based Payment Arrangement, Amount Capitalized							174,831
Proceeds from stock options exercised							57,412
Benefit plans funded with treasury stock							1,108,583
Payments to acquire treasury stock							(54,507)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2018	29,147,316	4,178,368	38,711,180	(687)	100,293,129	(297,798)	172,031,508
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2018	29,138,642	4,178,744	38,255,340	0	95,041,166	(708,665)	165,905,227
Net earnings	0	0	0	0	3,238,217	0	3,238,217
Other comprehensive income, net of income tax	0	0	0	(1,448)	0	0	(1,448)
Share-based Payment Arrangement, Amount Capitalized	0	0	58,053	0	0	0	58,053
Benefit plans funded with treasury stock	0	0	163,335	0	0	222,420	385,755
Conversion Class C to Class A	376	(376)	0	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2018	29,139,018	4,178,368	38,476,728	(1,448)	98,279,383	(486,245)	169,585,804
Net earnings	0	0	0	0	2,013,746	0	2,013,746
Other comprehensive income, net of income tax	0	0	0	761	0	0	761
Share-based Payment Arrangement, Amount Capitalized	0	0	58,691	0	0	0	58,691
Proceeds from stock options exercised	8,298	0	7,261	0	0	0	15,559
Benefit plans funded with treasury stock	0	0	168,500	0	0	242,954	411,454
Payments to acquire treasury stock	0	0	0	0	0	(54,507)	(54,507)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2018	29,147,316	4,178,368	38,711,180	(687)	100,293,129	(297,798)	172,031,508
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	30,609,596	4,387,286	41,821,778	(2,823)	95,201,732	(206,396)	171,811,173
Net earnings	0	0	0	0	1,930,318	0	1,930,318
Other comprehensive income, net of income tax	0	0	0	820	0	0	820
Share-based Payment Arrangement, Amount Capitalized	0	0	64,704	0	0	0	64,704
Proceeds from stock options exercised	8,936	0	8,444	0	0	0	17,380
Benefit plans funded with treasury stock	0	0	295,153	0	0	42,343	337,496
Payments to acquire treasury stock	0	0	0	0	0	(112,404)	(112,404)
Stock dividends	282	(4)	489	0	(769)	0	(2)
Conversion Class C to Class A	6,560	(6,560)	0	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019	30,625,374	4,380,722	42,190,568	(2,003)	97,131,281	(276,457)	174,049,485
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	30,609,596	4,387,286	41,821,778	(2,823)	95,201,732	(206,396)	171,811,173
Net earnings							9,027,786
Other comprehensive income, net of income tax							1,281
Share-based Payment Arrangement, Amount Capitalized							195,487
Proceeds from stock options exercised							298,113
Benefit plans funded with treasury stock							578,853
Payments to acquire treasury stock							(840,301)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2019	30,654,596	4,508,336	42,626,015	(1,542)	104,228,749	(943,764)	181,072,390
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2019	30,625,374	4,380,722	42,190,568	(2,003)	97,131,281	(276,457)	174,049,485
Net earnings	0	0	0	0	3,480,054	0	3,480,054
Other comprehensive income, net of income tax	0	0	0	716		0	716
Share-based Payment Arrangement, Amount Capitalized	0	0	65,037	0	0	0	65,037
Proceeds from stock options exercised	20,274	0	9,519	0	0	0	29,793
Benefit plans funded with treasury stock	0	0	92,605	0	0	25,190	117,795
Payments to acquire treasury stock	0	0	0	0	0	(174,704)	(174,704)
Conversion Class C to Class A	12	(14)	2	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019	30,645,660	4,380,708	42,357,731	(1,287)	100,611,335	(425,971)	177,568,176
Net earnings	0	0	0	0	3,617,414	0	3,617,414
Other comprehensive income, net of income tax	0	0	0	(255)	0	0	(255)
Share-based Payment Arrangement, Amount Capitalized	0	0	65,746	0	0	0	65,746
Proceeds from stock options exercised	8,936	127,628	114,376	0	0	0	250,940
Benefit plans funded with treasury stock	0	0	88,162	0	0	35,400	123,562
Payments to acquire treasury stock	0	0	0	0	0	(553,193)	(553,193)
Conversion Class C to Class A	0	0	0	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2019	$ 30,654,596	$ 4,508,336	$ 42,626,015	$ (1,542)	$ 104,228,749	$ (943,764)	$ 181,072,390

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net cash used in operating activities	$ (62,865,938)	$ (10,250,549)
Cash flows from investing activities:
Purchases of fixed maturity securities	(27,227,180)	(29,074,605)
Calls and maturities of fixed maturity securities	19,444,922	26,356,188
Purchases of equity securities	(3,521,610)	(2,356,207)
Sales of equity securities	1,691,231	2,478,051
Net changes in restricted assets	(514,574)	121,418
Net changes in perpetual care trusts	(111,076)	1,664,215
Mortgage loans, other investments and policy loans made	(421,682,247)	(376,549,887)
Payments received for mortgage loans, other investments and policy loans	410,303,611	403,724,354
Purchase of property and equipment	(931,691)	(1,020,257)
Sale of property and equipment	51,104	2,014,704
Purchase of real estate	(6,465,802)	(22,399,516)
Sale of real estate	8,291,147	65,457,047
Cash paid for purchase of subsidiaries, net of cash acquired	(3,261,788)	(3,405,783)
Net cash provided by (used in) investing activities	(23,933,953)	67,009,722
Cash flows from financing activities:
Investment contract receipts	9,628,472	8,833,639
Investment contract withdrawals	(13,282,143)	(11,667,269)
Proceeds from stock options exercised	298,113	57,412
Payments to acquire treasury stock	(840,301)	(54,507)
Repayment of bank and other loans	(139,046,605)	(92,873,253)
Proceeds from borrowing on bank loans	149,304,399	116,455,289
Net change in warehouse line borrowings	62,987,462	14,131,782
Net change in line of credit borrowings	0	1,250,000
Net cash provided by financing activities	69,049,397	36,133,093
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	(17,750,494)	92,892,266
Restricted Cash and Cash Equivalents, Current	150,936,673	54,501,923
Restricted Cash and Cash Equivalents, Current	133,186,179	147,394,189
Supplemental Cash Flow Information
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	5,292,868	5,206,262
Income Taxes Paid, Net	3,350,434	162,327
Non Cash Operating, Investing and Financing Activities:
Right-of-use assets obtained in exchange for operating lease liabilities	13,441,537	0
Right-of-use assets obtained in exchange for finance lease liabilities	255,147	0
Accrued real estate construction costs and retainage	689,291	17,433
Mortgage loans held for investment foreclosed into real estate held for investment	1,410,499	670,601
Benefit plans funded with treasury stock	578,853	1,108,583
Mortgage loans held for investment foreclosed into receivables	155,347	0
Transfer of loans held for sale to mortgage loans held for investment	$ 0	$ 139,464

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows (Continued) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Details
Cash and cash equivalents	$ 123,178,762	$ 137,106,471
Restricted assets	9,166,838	8,717,416
Cemetery perpetual care trust investments	840,579	1,570,302
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$ 133,186,179	$ 147,394,189

1) Basis of Presentation

1) Basis of Presentation	9 Months Ended
	Sep. 30, 2019
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, 2018, included in the Company’s Annual Report on Form 10-K (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 nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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; those used in determining the value of mortgage servicing rights; those used in determining allowances for loan losses for mortgage loans held for investment; 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	9 Months Ended
	Sep. 30, 2019
Notes
2) Recent Accounting Pronouncements	2) Recent Accounting Pronouncements Accounting Standards Adopted in 2019 ASU No. 2016-02: “Leases (Topic 842)” - Issued in February 2016, ASU 2016-02 supersedes the requirements in Accounting Standards Codification (“ASC”) Topic 840, “Leases”, and was issued to increase transparency and comparability among organizations. The new standard sets forth the principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and lessors. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record on the balance sheet right-of-use assets and lease liabilities, equal to the present value of the remaining lease payments. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or a straight-line basis over the term of the leases. The FASB further clarified ASU 2016-02 and provided targeted improvements by issuing ASU 2018-01, ASU 2018-10, ASU 2018-11 and ASU 2018-20. The Company adopted this standard on January 1, 2019 using the modified retrospective transition method with no cumulative-effect adjustment to the opening balance of retained earnings. Under this transition method, the application date was the beginning of the reporting period, January 1, 2019, in which the Company first applied the standard. Under this transition option, the Company will apply the legacy guidance in ASC 840, “Leases”, including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company has made an accounting policy election not to apply the recognition requirements to short-term leases, which are leases that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying assets that the lessee is reasonably certain to exercise. The new authoritative guidance allows for certain practical expedients to be utilized to assist with the implementation of the new standard. The Company has elected the transition package of practical expedients which allows the Company to not reassess whether any expired or existing contracts are or contain leases, to not reassess the lease classification for any expired or existing leases and to not reassess initial direct costs for any existing leases. The Company implemented a third-party lease accounting system to assist with the measurement of the lease liabilities and the related right-of-use assets. The Company compiled an inventory of its leases, determined the appropriate discount rates and has determined the impact of this standard which is not material to the Company’s results of operations, but has an effect on the balance sheet presentation for leased assets and obligations. The Company recognized a right-of-use asset and related lease liability for approximately $12,076,000 on January 1, 2019. This standard did not impact the Company’s accounting for leases where the Company is the lessor. Accounting Standards Issued But Not Yet Adopted ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” – Issued in September 2016, ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis (such as mortgage loans and held to maturity debt securities) and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current general 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. In October 2019, the FASB proposed an update to ASU No. 2016-13 that would make the ASU effective for the Company on January 1, 2023. The Company is in the process of evaluating the potential impact of this standard, especially as it relates to held to maturity debt securities and mortgage loans held for investment. ASU No. 2018-13: “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” – Issued in August 2018, ASU 2018-13 modifies the disclosure requirements of Topic 820 by removing, modifying or adding certain disclosures. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 does not change the fair value measurements already required or permitted by existing standards. This new authoritative guidance will be effective for the Company on January 1, 2020. The adoption of this standard will not materially impact the Company’s financial statements. ASU No. 2018-12: “Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts” – Issued in August 2018, ASU 2018-12 is intended to improve the timeliness of recognizing changes in the liability for future policy benefits on traditional long-duration contracts by requiring that assumptions be updated after contract inception and by modifying the rate used to discount future cash flows. The ASU will simplify and improve the accounting for certain market-based options or guarantees associated with deposit or account balance contracts, simplify amortization of deferred acquisition costs while improving and expanding required disclosures. In October 2019, the FASB proposed an update to ASU No. 2018-12 that would make the ASU effective for the Company on January 1, 2024. The Company is in the process of evaluating the potential impact of this standard. 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	9 Months Ended
	Sep. 30, 2019
Notes
3) Investments	3) Investments The Company’s investments as of September 30, 2019 are summarized as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2019 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 62,267,359 $ 703,132 $ (35,072) $ 62,935,419 Obligations of states and political subdivisions 5,877,586 144,335 - 6,021,921 Corporate securities including public utilities 154,480,928 16,868,422 (696,122) 170,653,228 Mortgage-backed securities 17,020,727 732,042 (42,738) 17,710,031 Redeemable preferred stock 103,197 14,039 - 117,236 Total fixed maturity securities held to maturity $ 239,749,797 $ 18,461,970 $ (773,932) $ 257,437,835 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,126,632 $ 962,133 $ (978,987) $ 8,109,778 Total equity securities at estimated fair value $ 8,126,632 $ 962,133 $ (978,987) $ 8,109,778 Mortgage loans held for investment at amortized cost: Residential $ 79,853,121 Residential construction 92,602,632 Commercial 26,720,812 Less: Unamortized deferred loan fees, net (1,366,186) Less: Allowance for loan losses (1,301,476) Total mortgage loans held for investment $ 196,508,903 Real estate held for investment net of accumulated depreciation: Residential $ 23,420,598 Commercial 93,634,800 Total real estate held for investment $ 117,055,398 Other investments and policy loans at amortized cost: Policy loans $ 6,344,074 Insurance assignments 34,404,766 Federal Home Loan Bank stock (1) 3,006,500 Other investments 4,188,048 Less: Allowance for doubtful accounts (1,495,268) Total other investments and policy loans $ 46,448,120 Accrued investment income $ 4,046,143 Total investments $ 611,918,139 (1) Includes $806,500 of Membership stock and $2,200,000 of Activity stock due to short-term borrowings. The Company’s investments as of December 31, 2018 are summarized as follows: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2018 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 52,017,683 $ 264,891 $ (727,798) $ 51,554,776 Obligations of states and political subdivisions 6,959,237 32,274 (111,271) 6,880,240 Corporate securities including public utilities 157,639,860 7,002,864 (3,704,137) 160,938,587 Mortgage-backed securities 15,358,746 227,398 (308,864) 15,277,280 Redeemable preferred stock 103,197 1,903 (5,125) 99,975 Total fixed maturity securities held to maturity $ 232,078,723 $ 7,529,330 $ (4,857,195) $ 234,750,858 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,312,158 $ 422,528 $ (1,176,075) $ 5,558,611 Total equity securities at estimated fair value $ 6,312,158 $ 422,528 $ (1,176,075) $ 5,558,611 Mortgage loans held for investment at amortized cost: Residential $ 89,935,600 Residential construction 71,366,544 Commercial 27,785,927 Less: Unamortized deferred loan fees, net (1,275,030) Less: Allowance for loan losses (1,347,972) Total mortgage loans held for investment $ 186,465,069 Real estate held for investment net of accumulated depreciation: Residential $ 29,507,431 Commercial 92,050,791 Total real estate held for investment $ 121,558,222 Other investments and policy loans at amortized cost: Policy loans $ 6,424,325 Insurance assignments 35,239,396 Federal Home Loan Bank stock (1) 2,548,700 Other investments 3,497,762 Less: Allowance for doubtful accounts (1,092,528) Total other investments and policy loans $ 46,617,655 Accrued investment income $ 3,566,146 Total investments $ 595,844,426 (1) Includes $708,700 of Membership stock and $1,840,000 of Activity stock due to short-term borrowings. Fixed Maturity Securities The following tables summarize unrealized losses on fixed maturity securities held to maturity, which are carried at amortized cost, at September 30, 2019 and December 31, 2018. 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 September 30, 2019 U.S. Treasury securities and obligations of U.S. Government Agencies $ 2,966 $ 658,550 $ 32,106 $ 19,885,300 $ 35,072 $ 20,543,850 Corporate securities 191,271 5,965,416 504,851 4,416,332 696,122 10,381,748 Mortgage and other asset-backed securities 10,067 379,177 32,671 706,509 42,738 1,085,686 Total unrealized losses $ 204,304 $ 7,003,143 $ 569,628 $ 25,008,141 $ 773,932 $ 32,011,284 At December 31, 2018 U.S. Treasury securities and obligations of U.S. Government Agencies $ 10,519 $ 695,863 $ 717,279 $ 39,930,052 $ 727,798 $ 40,625,915 Obligations of states and political subdivisions 6,643 1,791,257 104,628 2,889,517 111,271 4,680,774 Corporate securities 2,514,549 61,090,431 1,189,588 11,767,349 3,704,137 72,857,780 Mortgage and other asset-backed securities 79,896 1,705,296 228,968 2,690,065 308,864 4,395,361 Redeemable preferred stock 5,125 90,000 - - 5,125 90,000 Total unrealized losses $ 2,616,732 $ 65,372,847 $ 2,240,463 $ 57,276,983 $ 4,857,195 $ 122,649,830 There were 47 securities with fair value of 97.6% of amortized cost at September 30, 2019. There were 361 securities with fair value of 96.2% of amortized cost at December 31, 2018. No credit losses have been recognized for the three and nine months ended September 30, 2019 and 2018. On a quarterly basis, the Company evaluates its fixed maturity securities held to maturity. This evaluation includes a review of current ratings by the National Association of Insurance Commissions (“NAIC”). Securities with a rating of 1 or 2 are considered investment grade and are not reviewed for impairment. Securities with ratings of 3 to 5 are evaluated for impairment. Securities with a rating of 6 are automatically determined to be impaired and are written down. The evaluation involves an analysis of the securities in relation to historical values, interest payment history, projected earnings and revenue growth rates as well as a review of the reason for a downgrade in the NAIC rating. Based on the analysis of a security that is rated 3 to 5, a determination is made whether the security will likely make interest and principal payments in accordance with the terms of the financial instrument. If it is unlikely that the security will meet contractual obligations, the loss is considered to be other than temporary, the security is written down to the new anticipated market value and an impairment loss is recognized. Impairment losses are treated as credit losses as the Company holds fixed maturity securities to maturity unless the underlying conditions have changed in the financial instrument to require an impairment. 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 amortized cost and estimated fair value of fixed maturity securities held to maturity, at September 30, 2019, 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 1 year $ 3,135,187 $ 3,152,560 Due in 2-5 years 85,443,407 87,087,887 Due in 5-10 years 66,438,645 71,147,090 Due in more than 10 years 67,608,634 78,223,031 Mortgage-backed securities 17,020,727 17,710,031 Redeemable preferred stock 103,197 117,236 Total held to maturity $ 239,749,797 $ 257,437,835 The Company is a member of the Federal Home Loan Bank of Des Moines (“FHLB”). The Company currently has deposited a total of $60,000,000, par value, of United States Treasury fixed maturity securities with FHLB. These securities generate interest income for the Company and are available to use as collateral on any cash borrowings from the FHLB. As of September 30, 2019, the Company owed $55,000,000 to the FHLB. This amount owed was paid in October 2019. Equity Securities The fair values for equity securities are based on quoted market prices. he Company recognizes the changes (unrealized gains and losses) in the fair value of these equity securities through earnings as part of gains on investments and other assets on the condensed consolidated statements of earnings instead of other comprehensive income on the condensed consolidated balance sheets. Investment Related Earnings The Company’s net realized gains and losses from sales, calls, and maturities, unrealized gains and losses on equity securities, and other than temporary impairments are summarized as follows: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Fixed maturity securities held to maturity: Gross realized gains $ 113,849 $ 109,554 $ 362,475 $ 397,190 Gross realized losses (16,814) (31,670) (121,829) (601,303) Equity securities: Gains (losses) on securities sold 85,998 11,214 138,662 (13,933) Unrealized gains and (losses) on securities held at the end of the period (98,635) 284,192 676,589 71,143 - Other assets: Gross realized gains 472,691 814,471 2,265,914 26,060,598 (1) Gross realized losses (1,076,762) (165,334) (3,060,716) (542,100) Total $ (519,673) $ 1,022,427 $ 261,095 $ 25,371,595 (1) Includes a one-time gain of $22,252,000 from the sale of Dry Creek at East Village Apartments. The net realized gains and losses on the sale of securities are recorded on the trade date, and the cost of the securities sold is determined using the specific identification method. The carrying amount of held to maturity securities sold was $2,724,199 and $4,998,249 for the nine months ended September 30, 2019 and 2018, respectively. The net realized loss related to these sales was $12,394 and $243,023 for the nine months ended September 30, 2019 and 2018, respectively. Although the Company has the positive intent and ability to buy and hold a fixed maturity security to maturity, the Company will sell a security prior to maturity if conditions and circumstances have changed within the entity that issued the security to increase the risk of default to an unacceptable level. Major categories of net investment income are as follows: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Fixed maturity securities held to maturity $ 2,563,481 $ 2,481,202 $ 7,596,035 $ 7,521,884 Equity securities 74,629 64,214 227,280 176,126 Mortgage loans held for investment 4,558,232 4,240,624 13,187,416 14,016,985 Real estate held for investment 2,259,064 2,124,138 6,266,286 6,423,996 Policy loans 113,541 85,044 308,583 296,540 Insurance assignments 3,851,804 3,583,964 11,970,755 10,956,651 Other investments - 57,050 106,678 186,594 Cash and cash equivalents 398,997 375,310 1,363,873 752,339 Gross investment income 13,819,748 13,011,546 41,026,906 40,331,115 Investment expenses (3,341,182) (3,370,050) (9,965,837) (10,873,223) Net investment income $ 10,478,566 $ 9,641,496 $ 31,061,069 $ 29,457,892 Net investment income includes income earned by the restricted assets cemeteries and mortuaries of $102,888 and $81,486 for the three months ended September 30, 2019 and 2018, respectively, and $323,404 and $287,545 for the nine months ended September 30, 2019 and 2018, 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 with regulatory authorities as required by law amounted to $9,070,694 at September 30, 2019 and $9,220,520 at December 31, 2018. These restricted securities are included in various assets under investments on the accompanying condensed consolidated balance sheets. There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses on equity securities) at September 30, 2019, other than investments issued or guaranteed by the United States Government. Real Estate Held for Investment 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 and 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 5 states. These properties include industrial warehouses, office buildings, retail centers, a restaurant, and includes the redevelopment and expansion of its corporate campus (“Center53”) in Salt Lake City, Utah. The Company also holds undeveloped land that may be used for future commercial developments. The Company uses bank debt in strategic cases to leverage established yields or to acquire a higher quality or different class of asset. The aggregated net ending balance of commercial real estate that serves as collateral for bank borrowings was approximately $87,696,000 and $84,880,000 as of September 30, 2019 and December 31, 2018, respectively. The associated bank loan carrying values totaled approximately $54,037,000 and $52,237,000 as of September 30, 2019 and December 31, 2018, respectively. During the three months ended September 30, 2019 and 2018, the Company recorded impairment losses on commercial real estate held for investment of $790,827 and $- 0 -, respectively and during the nine months ended September 30, 2019 and 2018, the Company recorded impairment losses on commercial real estate held for investment of $2,658,024 and $- 0 -, respectively. The impairment loss of $1,867,197 recognized in the second quarter of 2019 relates to an office building held by the life insurance segment for which the Company received an unsolicited bid in May 2019 from a potential buyer that was significantly below the building’s carrying value. Although management did not consider the offer as representative of fair value, the Company evaluated the unsolicited bid as a potential impairment indicator and performed an additional impairment analysis internally, concluding based on management’s best estimates that the fair value of the building was less than its carrying value. During the third quarter of 2019, the Company obtained an independent appraisal from an outside commercial real estate valuation firm. This appraisal indicated an additional impairment of $790,827 which the Company recognized in the third quarter 2019. These impairment losses are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. The following is a summary of the Company’s commercial real estate held for investment for the periods presented: Net Ending Balance Total Square Footage September 30 December 31 September 30 December 31 2019 2018 2019 2018 Arizona $ 4,000 (1) $ 4,000 (1) - - Kansas 4,714,777 6,861,898 222,679 222,679 Louisiana 456,437 467,694 7,063 7,063 Mississippi 3,288,045 3,329,948 33,821 33,821 Nevada 655,499 - 4,800 - New Mexico 7,000 (1) 7,000 (1) - - Texas 300,000 (2) 300,000 (2) - - Utah 84,209,042 81,080,251 502,129 502,129 $ 93,634,800 $ 92,050,791 770,492 765,692 (1) Undeveloped land (2) Improved commercial pad 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 September 30, 2019, SNRE manages 50 residential properties in 6 states across the United States. The net ending balance of foreclosed residential real estate included in residential real estate held for investment is $16,073,000 and $23,532,000 as of September 30, 2019 and December 31, 2018, respectively. During the three months ended September 30, 2019 and 2018, the Company recorded impairment losses on residential real estate held for investment of $125,980 and $- 0 -, respectively, and during the nine months ended September 30, 2019 and 2018, the Company recorded impairment losses on residential real estate held for investment of $125,980 and $147,925 , respectively. These impairment losses are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. The following is a summary of the Company’s residential real estate held for investment for the periods presented: Net Ending Balance September 30 December 31 2019 2018 California $ 1,565,639 $ 2,644,321 Florida 5,158,218 6,534,277 Ohio 10,000 10,000 South Carolina 205,000 - Tennessee - 105,260 Texas - 139,174 Utah 16,005,560 19,598,218 Washington 476,181 476,181 $ 23,420,598 $ 29,507,431 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 70,000 square feet, or approximately 10% of the overall commercial real estate holdings. As of September 30, 2019, 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 21,521 27% 121 West Election Road, Draper, UT Mortgage Sales 78,978 19% (1) This asset is included in property and equipment on the condensed consolidated balance sheets Mortgage Loans Held for Investment 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 nine 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 , %, %, % % of its mortgage loans from borrowers located in the states of Utah, California , respectively. Mortgage loans held for investment are Mortgage loans are secured by the underlying property and require an appraisal at the time of underwriting and funding. Generally, the Company will fund a loan not to exceed 80% of the loan’s collateral fair market value. Amounts over 80% will require additional collateral or mortgage insurance by an approved third-party insurer. The Company provides for losses on its mortgage loans held for investment through an allowance for loan losses (a contra-asset account). 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. 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. For purposes of determining the allowance for losses, the Company has segmented its mortgage loans held for investment by loan type. The Company’s loan types are commercial, residential, and residential construction. The inherent risks within the portfolio vary depending upon the loan type as follows: Commercial Residential Residential construction (including land acquisition and development) Allowance for Credit Losses and Recorded Investment in Mortgage Loans Commercial Residential Residential Construction Total September 30, 2019 Allowance for credit losses: Beginning balance - January 1, 2019 $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Charge-offs - (21,786) 7,982 (13,804) Provision - (32,692) - (32,692) Ending balance - September 30, 2019 $ 187,129 $ 1,071,145 $ 43,202 $ 1,301,476 Ending balance: individually evaluated for impairment $ - $ 30,341 $ - $ 30,341 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,040,804 $ 43,202 $ 1,271,135 Mortgage loans: Ending balance $ 26,720,812 $ 79,853,121 $ 92,602,632 $ 199,176,565 Ending balance: individually evaluated for impairment $ - $ 4,470,805 $ 350,000 $ 4,820,805 Ending balance: collectively evaluated for impairment $ 26,720,812 $ 75,382,316 $ 92,252,632 $ 194,355,760 December 31, 2018 Allowance for credit losses: Beginning balance - January 1, 2018 $ 187,129 $ 1,546,447 $ 35,220 $ 1,768,796 Charge-offs - (5,725) - (5,725) Provision - (415,099) - (415,099) Ending balance - December 31, 2018 $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Ending balance: individually evaluated for impairment $ - $ 74,185 $ - $ 74,185 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,051,438 $ 35,220 $ 1,273,787 Mortgage loans: Ending balance $ 27,785,927 $ 89,935,600 $ 71,366,544 $ 189,088,071 Ending balance: individually evaluated for impairment $ 196,182 $ 2,939,651 $ 502,991 $ 3,638,824 Ending balance: collectively evaluated for impairment $ 27,589,745 $ 86,995,949 $ 70,863,553 $ 185,449,247 The following is a summary of the aging of mortgage loans for the periods presented Age Analysis of Mortgage Loans Held for Investment 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 September 30, 2019 Commercial $ 1,500,000 $ - $ - $ - $ 1,500,000 $ 25,220,812 $ 26,720,812 $ (187,129) $ (6,647) $ 26,527,036 Residential 8,478,442 1,745,409 3,659,589 811,216 14,694,656 65,158,465 79,853,121 (1,071,145) (637,408) 78,144,568 Residential Construction 200,963 437,819 350,000 - 988,782 91,613,850 92,602,632 (43,202) (722,131) 91,837,299 Total $ 10,179,405 $ 2,183,228 $ 4,009,589 $ 811,216 $ 17,183,438 $ 181,993,127 $ 199,176,565 $ (1,301,476) $ (1,366,186) $ 196,508,903 December 31, 2018 Commercial $ 4,588,424 $ - $ 196,182 $ - $ 4,784,606 $ 23,001,321 $ 27,785,927 $ (187,129) $ 32,003 $ 27,630,801 Residential 9,899,380 2,312,252 1,715,362 1,224,289 15,151,283 74,784,317 89,935,600 (1,125,623) (862,411) 87,947,566 Residential Construction - - - 502,991 502,991 70,863,553 71,366,544 (35,220) (444,622) 70,886,702 Total $ 14,487,804 $ 2,312,252 $ 1,911,544 $ 1,727,280 $ 20,438,880 $ 168,649,191 $ 189,088,071 $ (1,347,972) $ (1,275,030) $ 186,465,069 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure. Impaired Mortgage Loans Held for Investment 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 September 30, 2019 With no related allowance recorded: Commercial $ - $ - $ - $ 502,484 $ - Residential 4,196,527 4,196,527 - 3,738,138 - Residential construction 350,000 350,000 - 1,724,705 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 274,278 274,278 30,341 387,687 - Residential construction - - - - - Total: Commercial $ - $ - $ - $ 502,484 $ - Residential 4,470,805 4,470,805 30,341 4,125,825 - Residential construction 350,000 350,000 - 1,724,705 - December 31, 2018 With no related allowance recorded: Commercial $ 196,182 $ 196,182 $ - $ 98,023 $ - Residential 1,612,164 1,612,164 - 2,423,135 - Residential construction 502,991 502,991 - 675,950 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,327,487 1,327,487 74,185 1,543,416 - Residential construction - - - - - Total: Commercial $ 196,182 $ 196,182 $ - $ 98,023 $ - Residential 2,939,651 2,939,651 74,185 3,966,551 - Residential construction 502,991 502,991 - 675,950 - Credit Risk Profile Based on Performance Status The Company’s mortgage loan held for investment 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 held for investment were as follows: Mortgage Loans Held for Investment Credit Exposure Credit Risk Profile Based on Payment Activity Commercial Residential Residential Construction Total September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Performing $ 26,720,812 $ 27,589,745 $ 75,382,316 $ 86,995,949 $ 92,252,632 $ 70,863,553 $ 194,355,760 $ 185,449,247 Non-performing - 196,182 4,470,805 2,939,651 350,000 502,991 4,820,805 3,638,824 Total $ 26,720,812 $ 27,785,927 $ 79,853,121 $ 89,935,600 $ 92,602,632 $ 71,366,544 $ 199,176,565 $ 189,088,071 Non-Accrual Mortgage Loans Held for Investment 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 interest income that had been accrued. Payments received for loans on a non-accrual status are recognized on a cash basis. Interest income recognized from any payments received for loans on a non-accrual status was immaterial. Accrual of interest resumes if a loan is brought current. Interest not accrued on these loans totals approximately $183,000 and $151,000 as of September 30, 2019 and December 31, 2018, respectively. The following is a summary of mortgage loans held for investment on a non-accrual status for the periods presented. Mortgage Loans on Non-Accrual Status As of September 30 2019 As of December 31 2018 Commercial $ - $ 196,182 Residential 4,470,805 2,939,651 Residential construction 350,000 502,991 Total $ 4,820,805 $ 3,638,824

4) Loans Held For Sale

4) Loans Held For Sale	9 Months Ended
	Sep. 30, 2019
Notes
4) Loans Held For Sale	4) Loans Held for Sale Accounting Standards Codification (“ASC”) No. 825, “Financial Instruments”, allows for the option to report certain financial assets and liabilities at fair value initially and at subsequent measurement dates with changes in fair value included in earnings. The option may be applied instrument by instrument, but it is irrevocable. The Company elected the fair value option for loans held for sale. The Company believes the fair value option most closely aligns the timing of the recognition of gains and costs. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Electing fair value also reduces certain timing differences and better matches changes in the fair value of these assets with changes in the fair value of the related derivatives used for these assets. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on mortgage loans held for investment and is included in mortgage fee income on the condensed consolidated statement of earnings. There are seven loans with an aggregate unpaid principal balance of $1,925,914 that are 90 or more days past due and on a nonaccrual status as of September 30, 2019. See Note 8 to the condensed consolidated financial statements for additional disclosures regarding loans held for sale. The following is a summary of the aggregate fair value and the aggregate unpaid principal balance of loans held for sale for the periods presented: As of September 30 2019 As of December 31 2018 Aggregate fair value $ 233,713,098 $ 136,210,853 Unpaid principal balance 227,842,398 131,663,946 Unrealized gain 5,870,700 4,546,907 Mortgage Fee Income Mortgage fee income consists of origination fees, processing fees, interest income and certain other income related to the origination and sale of mortgage loans held for sale. Major categories of mortgage fee income for loans held for sale are as follows: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Loan fees $ 8,438,471 $ 7,758,284 $ 22,162,455 $ 21,347,320 Interest income 2,127,775 1,993,895 5,032,505 4,698,899 Secondary gains 27,574,294 22,315,022 66,434,923 58,633,363 Change in fair value of loan commitments 378,899 94,569 1,915,223 537,696 Change in fair value of loans held for sale 1,411,322 (203,623) 2,065,978 4,563,222 Provision for loan loss reserve (195,009) (293,443) (449,894) (946,556) Mortgage fee income $ 39,735,752 $ 31,664,704 $ 97,161,190 $ 88,833,944 Loan Loss Reserve When a repurchase demand corresponding to a mortgage loan previously held for sale and 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 September 30 2019 As of December 31 2018 Balance, beginning of period $ 3,604,869 $ 2,571,524 Provision on current loan originations (1) 449,894 1,148,334 Charge-offs, net of recaptured amounts (172,917) (114,989) Balance, end of period $ 3,881,846 $ 3,604,869 (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. The Company believes there is potential to resolve any alleged claims by third-party investors on acceptable terms. If the Company is unable to resolve such claims on acceptable terms, legal action may ensue. In the event of legal action by any third-party investor, the Company believes it has significant defenses to any such action and intends to vigorously defend itself against such action.

5) Stock-based Compensation

5) Stock-based Compensation	9 Months Ended
	Sep. 30, 2019
Notes
5) Stock-based Compensation	5) Stock Compensation Plans The Company has two fixed option plans (the “2013 Plan” and the “2014 Director Plan”). Compensation expense for options issued of $65,746 and $58,691 has been recognized for these plans for the three months ended September 30, 2019 and 2018, respectively, and $195,487 and $174,831 has been recognized for these plans for the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, the total unrecognized compensation expense related to the options issued was $43,169 , which is expected to be recognized over the vesting period of one year. The fair value of each option granted is estimated on the date of grant using the Black Scholes Option Pricing Model. The Company estimates the expected life of the options using the simplified method. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the expected life of the options. The risk-free interest rate for the expected life of the options is based upon the Federal Reserve Board’s daily interest rates in effect at the time of the grant. A summary of the status of the Company’s stock compensation plans as of September 30, 2019, and the changes during the nine months ended September 30, 2019, 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, 2018 1,011,274 $ 4.49 577,280 $ 5.15 Granted 2,000 - Exercised (19,796) (63,814) Cancelled - - Outstanding at September 30, 2019 993,478 $ 4.50 513,466 $ 5.33 As of September 30, 2019: Options exercisable 955,195 $ 4.46 489,840 $ 5.34 As of September 30, 2019: Available options for future grant 299,351 146,425 Weighted average contractual term of options outstanding at September 30, 2019 5.40 years 3.63 years Weighted average contractual term of options exercisable at September 30, 2019 5.34 years 3.37 years Aggregated intrinsic value of options outstanding at September 30, 2019 (1) $765,360 $106,646 Aggregated intrinsic value of options exercisable at September 30, 2019 (1) $765,360 $106,646 (1) The Company used a stock price of $4.90 as of September 30, 2019 to derive intrinsic value. A summary of the status of the Company’s stock compensation plans as of September 30, 2018, and the changes during the nine months ended September 30, 2018, 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, 2017 880,426 $ 4.35 523,603 $ 5.24 Granted - - Exercised (36,133) - Cancelled (5,704) - Outstanding at September 30, 2018 838,589 $ 4.48 523,603 $ 5.24 As of September 30, 2018: Options exercisable 805,902 $ 4.46 505,227 $ 5.26 As of September 30, 2018: Available options for future grant 421,241 165,638 Weighted average contractual term of options outstanding at September 30, 2018 6.05 years 2.69 years Weighted average contractual term of options exercisable at September 30, 2018 6.05 years 2.45 years Aggregated intrinsic value of options outstanding at September 30, 2018 (1) $867,356 $267,943 Aggregated intrinsic value of options exercisable at September 30, 2018 (1) $862,157 $260,592 (1) The Company used a stock price of $5.20 as of September 30, 2018 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 nine months September 30, 2019 and 2018 was $112,340 and $118,003 , respectively.

6) Earnings Per Share

6) Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Notes
6) Earnings Per Share	6) Earnings Per Share The basic and diluted earnings per share amounts were calculated as follows: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Numerator: Net earnings $ 3,617,414 $ 2,013,746 $ 9,027,786 $ 22,177,886 Denominator: Basic weighted-average shares outstanding 17,230,987 17,152,656 17,240,745 17,072,531 Effect of dilutive securities: Employee stock options 189,744 234,670 194,010 222,771 Diluted weighted-average shares outstanding 17,420,731 17,387,326 17,434,755 17,295,302 Basic net earnings per share $0.21 $0.12 $0.52 $1.30 Diluted net earnings per share $0.21 $0.12 $0.52 $1.28 Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the nine months September 30, 2019 and 2018, there were 864,915 and 589,822 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.

7) Business Segments

7) Business Segments	9 Months Ended
	Sep. 30, 2019
Notes
7) Business Segments	7) 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 loans . 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, 201 . 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 September 30, 2019 Revenues from external customers $ 29,824,686 $ 3,570,419 $ 41,984,554 $ - $ 75,379,659 Intersegment revenues 1,465,778 106,638 120,891 (1,693,307) - Segment profit before income taxes 1,263,836 213,198 3,282,788 - 4,759,822 - For the Three Months Ended September 30, 2018 Revenues from external customers $ 28,962,288 $ 4,008,943 $ 34,251,862 $ - $ 67,223,093 Intersegment revenues 1,108,093 106,637 117,746 (1,332,476) - Segment profit before income taxes 2,192,036 781,875 (762,113) - 2,211,798 For the Nine Months Ended September 30, 2019 Revenues from external customers $ 88,937,110 $ 12,472,711 $ 103,908,855 $ - $ 205,318,676 Intersegment revenues 3,441,497 336,911 372,170 (4,150,578) - Segment profit before income taxes 4,568,178 2,421,845 4,825,801 - 11,815,824 Identifiable Assets 941,739,161 84,250,592 243,272,631 (110,132,588) 1,159,129,796 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 944,504,731 85,004,610 243,272,631 (110,132,588) 1,162,649,384 For the Nine Months Ended September 30, 2018 Revenues from external customers $ 109,198,662 $ 13,060,357 $ 95,905,309 $ - $ 218,164,328 Intersegment revenues 2,915,379 322,675 383,625 (3,621,679) - Segment profit before income taxes 28,840,882 3,714,304 (4,993,976) - 27,561,210 Identifiable Assets 920,458,422 91,084,393 178,089,215 (128,148,062) 1,061,483,968 Goodwill 2,765,570 - - - 2,765,570 Total Assets 923,223,992 91,084,393 178,089,215 (128,148,062) 1,064,249,538

8) Fair Value of Financial Inst

8) Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2019
Notes
8) Fair Value of Financial Instruments	8) Fair Value of Financial Instruments 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 significant financial instruments. The items shown under Level 1 and Level 2 are valued as follows: Equity Securities : The fair values for equity securities are based on quoted market prices. Restricted Assets : A portion of these assets include mutual funds and equity securities that have quoted market prices that are used to determine fair value. Also included are cash and cash equivalents and participations in mortgage loans. The carrying amounts reported in the accompanying condensed consolidated balance sheets for these financial instruments approximate their fair values due to their short-term nature. Cemetery Endowment Care Trust Investments : A portion of these assets include equity securities that have quoted market prices that are used to determine fair value. Also included are cash and cash equivalents. The carrying amounts reported in the accompanying condensed consolidated balance sheets for these financial instruments approximate their fair values due to their short-term nature. Call and Put Options : The fair values for call and put options are based on quoted market prices. Additionally, there were no transfers between Level 1 and Level 2 in the fair value hierarchy. The items shown under Level 3 are valued as follows: Loans Held for Sale : The Company elected the fair value option for 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. 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. Impaired Mortgage Loans Held for Investment : Real Estate Held for Investment : It should be noted that for replacement cost, when determining the fair value of mortgage properties, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company uses 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 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 September 30, 2019. 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 $ 8,109,778 $ 8,109,778 $ - $ - Total equity securities $ 8,109,778 $ 8,109,778 $ - $ - Loans held for sale $ 233,713,098 $ - $ - $ 233,713,098 Restricted assets (1) 1,145,917 1,145,917 - - Cemetery perpetual care trust investments (1) 908,493 908,493 - - Derivatives - loan commitments (2) 4,047,124 - - 4,047,124 Total assets accounted for at fair value on a recurring basis $ 247,924,410 $ 10,164,188 $ - $ 237,760,222 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (3) $ (75,604) $ (75,604) $ - $ - Derivatives - put options (3) (29,547) (29,547) - - Derivatives - loan commitments (3) (540,085) - - (540,085) Total liabilities accounted for at fair value on a recurring basis $ (645,236) $ (105,151) $ - $ (540,085) (1) Mutual funds and equity securities (2) Included in other assets on the condensed consolidated balance sheets (3) Included in other liabilities and accrued expenses on the condensed consolidated balance sheets Following is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs: Net Loan Commitments Loans Held for Sale Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 Originations - 1,840,552,029 Sales - (1,805,713,146) Total gains (losses): Included in earnings (1) 1,915,223 62,663,362 Balance - September 30, 2019 $ 3,507,039 $ 233,713,098 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings 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 September 30, 2019. 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 held for investment $ 243,937 $ - $ - $ 243,937 Impaired real estate held for investment 6,256,277 - - 6,256,277 Total assets accounted for at fair value on a nonrecurring basis $ 6,500,214 $ - $ - $ 6,500,214 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, 2018. 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 $ 5,558,611 $ 5,558,611 $ - $ - Total equity securities $ 5,558,611 $ 5,558,611 $ - $ - Loans held for sale $ 136,210,853 $ - $ - $ 136,210,853 Restricted assets (1) 744,673 744,673 - - Cemetery perpetual care trust investments (1) 483,353 483,353 - - Derivatives - loan commitments (2) 1,969,967 - - 1,969,967 Total assets accounted for at fair value on a recurring basis $ 144,967,457 $ 6,786,637 $ - $ 138,180,820 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (3) (4,629) (4,629) - - Derivatives - put options (3) (296,053) (296,053) - - Derivatives - loan commitments (3) (378,151) - - (378,151) Total liabilities accounted for at fair value on a recurring basis $ (678,833) $ (300,682) $ - $ (378,151) (1) Mutual funds and equity securities (2) Included in other assets on the condensed consolidated balance sheets (3) Included in other liabilities and accrued expenses on the condensed consolidated balance sheets Following is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs: Net Loan Commitments Loans Held for Sale Balance - December 31, 2017 $ 1,996,589 $ 133,414,188 Originations - 2,194,607,543 Sales - (2,259,145,473) Transfer to mortgage loans held for investment - (10,827,797) Total gains (losses): Included in earnings (1) (404,773) 78,162,392 Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings 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, 2018. 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 held for investment $ 1,253,302 $ - $ - $ 1,253,302 Impaired real estate held for investment 1,611,384 - - 1,611,384 Total assets accounted for at fair value on a nonrecurring basis $ 2,864,686 $ - $ - $ 2,864,686 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 September 30, 2019 and December 31, 2018. 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 September 30, 2019: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities held to maturity $ 239,749,797 $ - $ 253,688,345 $ 3,749,490 $ 257,437,835 Mortgage loans held for investment: Residential 78,144,568 - - 82,208,452 82,208,452 Residential construction 91,837,299 - - 91,837,299 91,837,299 Commercial 26,527,036 - - 27,156,433 27,156,433 Mortgage loans held for investment, net $ 196,508,903 $ - $ - $ 201,202,184 $ 201,202,184 Policy loans 6,344,074 - - 6,344,074 6,344,074 Insurance assignments, net (1) 32,909,498 - - 32,909,498 32,909,498 Restricted assets (2) 976,869 - 1,010,581 - 1,010,581 Restricted assets (3) 2,265,669 - - 2,259,287 2,259,287 Cemetery perpetual care trust investments (2) 978,913 - 1,010,634 - 1,010,634 Mortgage servicing rights, net 16,951,124 - - 20,216,363 20,216,363 Liabilities Bank and other loans payable $ (261,034,322) $ - $ - $ (261,034,322) $ (261,034,322) Policyholder account balances (4) (45,480,785) - - (36,775,860) (36,775,860) Future policy benefits - annuities (4) (96,259,449) - - (96,537,956) (96,537,956) (1) Included in other investments and policy loans on the condensed consolidated balance sheet. (2) Fixed maturity securities held to maturity (3) Mortgage loans held for investment (4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. 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, 2018: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Fixed maturity securities held to maturity $ 232,078,723 $ - $ 229,668,844 $ 5,082,014 $ 234,750,858 Mortgage loans held for investment: Residential 87,947,566 - - 92,503,553 92,503,553 Residential construction 70,886,702 - - 70,886,702 70,886,702 Commercial 27,630,801 - - 28,359,205 28,359,205 Mortgage loans held for investment, net $ 186,465,069 $ - $ - $ 191,749,460 $ 191,749,460 Policy loans 6,424,325 - - 6,424,325 6,424,325 Insurance assignments, net (1) 34,146,868 - - 34,146,868 34,146,868 Restricted assets (2) 1,258,397 - 1,271,687 - 1,271,687 Restricted assets (3) 1,799,268 - - 1,810,185 1,810,185 Cemetery perpetual care trust investments (2) 990,390 - 983,410 - 983,410 Mortgage servicing rights, net 20,016,822 - - 28,885,316 28,885,316 Liabilities Bank and other loans payable $ (187,521,188) $ - $ - $ (187,521,188) $ (187,521,188) Policyholder account balances (4) (46,479,853) - - (37,348,289) (37,348,289) Future policy benefits - annuities (4) (98,137,615) - - (97,641,146) (97,641,146) (1) Included in other investments and policy loans on the condensed consolidated balance sheet. (2) Fixed maturity securities held to maturity (3) Participation in mortgage loans held for investment (commercial) (4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet. The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of these financial instruments are summarized as follows: Fixed Maturity Securities Held to Maturity : Mortgage Loans Held for Investment : The estimated fair value of the Company’s mortgage loans held for investment 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 is determined through a combination of discounted cash flows (estimating expected future cash flows of interest payments and discounting them using current interest rates from single family mortgages) and considering pricing of similar loans that were sold recently. Residential Construction – These loans are primarily short in maturity. Accordingly, the estimated fair value is determined to be the carrying 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. 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 primarily short in maturity, accordingly, the carrying amounts reported in the accompanying condensed consolidated balance sheet for these financial instruments approximate their fair values. 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 interest 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 these investment-type insurance contracts 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.

9) Allowance For Doubtful Accou

9) Allowance For Doubtful Accounts and Loan Losses and Impaired Loans	9 Months Ended
	Sep. 30, 2019
Notes
9) Allowance For Doubtful Accounts and Loan Losses and Impaired Loans	9) Allowance for Doubtful Accounts The Company records an allowance and recognizes an expense for potential losses from other investments 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.

10) Derivative Commitments

10) Derivative Commitments	9 Months Ended
	Sep. 30, 2019
Notes
10) Derivative Commitments	10) 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 mortgage-backed securities (“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 loan commitments and forward sale commitments are shown in current earnings as a component of mortgage fee income on the consolidated statements of earnings. Mortgage banking derivatives are shown in other assets and other liabilities and accrued expenses on the condensed consolidated balance sheets. Call and Put Options The Company uses a strategy of selling “out of the money” call options on its 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 sells the equity security at a favorable price enhanced by the value of the option that was sold. If the option expires unexercised, the Company realizes 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 net changes in the fair value of call and put options are shown in current earnings as a component of gains (losses) on investments and other assets. Call and put options are shown in other liabilities and accrued expenses on the condensed consolidated balance sheets. The following table shows the notional amount and fair value of derivatives as of September 30, 2019 and December 31, 2018. Fair Values and Notional Values of Derivative Instruments September 30, 2019 December 31, 2018 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 $218,687,084 $4,047,124 $540,085 $ 93,758,218 $1,969,967 $378,151 Call options Other liabilities 2,591,700 -- 75,604 805,500 -- 4,629 Put options Other liabilities 1,444,490 -- 29,547 4,861,700 -- 296,053 Total $222,723,274 $4,047,124 $645,236 $ 99,425,418 $1,969,967 $678,833 The following table shows the gains and losses on derivatives for the periods presented. Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30 Nine Months Ended September 30 Derivative Classification 2019 2018 2019 2018 Loan commitments Mortgage fee income $ 378,899 $ 94,569 $ 1,915,223 $ 537,696 Call and put options Gains on investments and other assets $ 104,702 $ 83,612 $ 509,639 $ 313,913

11) Reinsurance, Commitments an

11) Reinsurance, Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Notes
11) Reinsurance, Commitments and Contingencies	11) 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 September 30, 2019 and December 31, 2018, the balances were $3,882,000 and $3,605,000 , respectively. Mortgage Loan Loss Litigation Lehman Brothers Holdings Litigation – Delaware and New York In January 2014, Lehman Brothers Holdings Inc. (“Lehman Holdings”) entered into a settlement with the Federal National Mortgage Association (Fannie Mae) concerning the mortgage loan claims that Fannie Mae had asserted against Lehman Holdings, which were based on alleged breaches of certain representations and warranties by Lehman Holdings in the mortgage loans it had sold to Fannie Mae. Lehman Holdings had acquired these loans from Aurora Bank, FSB, formerly known as Lehman Brothers Bank, FSB, which in turn purchased the loans from residential mortgage loan originators, including SecurityNational Mortgage Company (“SecurityNational Mortgage”). A settlement based on similar circumstances was entered into between Lehman Holdings and the Federal Home Loan Mortgage Corporation (Freddie Mac) in February 2014. Lehman Holdings filed a motion in May 2014 with the U.S. Bankruptcy Court of the Southern District of New York to require the mortgage loan originators, including SecurityNational Mortgage, to engage in non-binding mediations of the alleged indemnification claims against the mortgage loan originators relative to the Fannie Mae and Freddie Mac settlements with Lehman Holdings. The mediation was not successful in resolving any issues between SecurityNational Mortgage and Lehman Holdings. On January 26, 2016, SecurityNational Mortgage filed a declaratory judgment action against Lehman Holdings in the Superior Court for the State of Delaware. In the Delaware action, SecurityNational Mortgage asserted its right to obtain a declaration of rights in that there are allegedly millions of dollars in dispute with Lehman Holdings pertaining to approximately 136 mortgage loans. SecurityNational Mortgage sought a declaratory judgment as to its rights as it contends that it has no liability to Lehman Holdings as a result of Lehman Holdings’ settlements with Fannie Mae and Freddie Mac. Lehman Holdings filed a motion in the Delaware court seeking to stay or dismiss the declaratory judgment action. On August 24, 2016, the Court ruled that it would exercise its discretion to decline jurisdiction over the action and granted Lehman Holdings’ motion to dismiss. On February 3, 2016, Lehman Holdings filed an adversary proceeding against approximately 150 mortgage loan originators, including SecurityNational Mortgage, in the U.S. Bankruptcy Court of the Southern District of New York seeking a declaration of rights similar in nature to the declaration judgment that SecurityNational Mortgage sought in its Delaware lawsuit, and for damages relating to the alleged obligations of the defendants under indemnification provisions of the alleged agreements, in amounts to be determined at trial, including interest, attorneys’ fees and costs incurred by Lehman Holdings in enforcing the obligations of the defendants. No response was required to be filed relative to the Complaint or the Amended Complaint dated March 7, 2016. A Case Management Order was entered on November 1, 2016. On December 27, 2016, pursuant to the Case Management Order, Lehman Holdings filed a Second Amended Complaint against SecurityNational Mortgage, which eliminates the declaratory judgment claim but retains a similar claim for damages as in the Complaint. Many of the defendants, including SecurityNational Mortgage, filed a joint motion in the case asserting that the Bankruptcy Court does not have subject matter jurisdiction concerning the matter and that venue is improper. Lehman Holdings’ response memorandum was filed on May 31, 2017 and a reply memorandum of the defendants filing the motion was filed on July 14, 2017. A hearing on the motion was held on June 12, 2018. On August 13, 2018, the Court issued its Memorandum Decision and Order (“Decision”) denying the motion. On August 27, 2018, a number of the defendants, including SecurityNational Mortgage, filed a joint motion with the United States District Court (Case No. 18-mc-00392(VEC)) requesting that the Bankruptcy Court’s Decision be treated as findings of fact and conclusions of law, and for the District Court to review the Decision de novo On September 17, 2018, certain defendants, including SecurityNational Mortgage, also filed a notice of appeal, and thereafter a motion for leave to file an interlocutory appeal as to the Bankruptcy Court’s Decision pertaining to jurisdiction and improper venue as a “protective” appeal should the District Court decide not to treat the Decision as findings of fact and conclusions of law. Separately, certain other defendants also filed a notice of appeal and motion for leave to file an interlocutory appeal with respect to the Bankruptcy Court’s Decision concerning improper venue. Lehman Holdings filed its response on October 22, 2018, and defendants filed a joint reply to Lehman Holdings’ response on November 26, 2018. The motions to file appeals were consolidated before Valerie Caproni, U.S. District Court Judge, Case No. 18-cv-08986 (VEC). Case No. 18-mc-00392 (VEC) is also before Judge Caproni. On October 1, 2018, Lehman Holdings filed a motion for leave to file a Third Amended Complaints against numerous defendants including SecurityNational Mortgage. In addition to the Fannie Mae and Freddie Mac related loans, the amendments/supplements include additional mortgage loans sold to Lehman Holdings that were packaged for securitization (“RMBS loans”). The RMBS loans had allegedly been sold by defendants to Lehman Bank that, in turn, sold them to Lehman Holdings. The allegations pertaining to the RMBS loans include, e.g., purported breaches of representations and warranties made to the securitization trusts by Lehman Holdings. Lehman Holdings asserts that it made representations and warranties purportedly based in part by representations and warranties made to Lehman Bank by loan originators, including SecurityNational Mortgage. The alleged RMBS loans in dispute with SecurityNational Mortgage allegedly involve millions of dollars pertaining to approximately 577 mortgage loans in addition to the Fannie Mae and Freddie Mac related loans. Lehman Holdings also moved the Court to simultaneously allow alternative dispute resolution procedures to take place, including potential mediation. Over objections, at a hearing on October 29, 2018, the Court granted Lehman Holdings’ motion to amend/supplement its complaints adding the RMBS loans, and also to mandate alternative dispute resolution procedures affecting many defendants including SecurityNational Mortgage. Instead of filing a Third Amended Complaint to include the RMBS loans referenced above, Lehman Holdings filed the matter against SecurityNational Mortgage as a new complaint ("RMBS Complaint") (United States Bankruptcy Court, Southern District of New York, Adversary Proceeding 18-01819) pertaining to the approximately 577 RMBS loans, in addition to the Second Amended Complaint already on file. The RMBS Complaint seeks alleged damages relating to obligations under alleged contractual indemnification provisions in an amount to be determined at trial, interest, costs and expenses incurred by LBHI in enforcing alleged obligations, including attorneys' fees and any expert witness fees incurred in litigation; and such other relief as the Court deems just and proper. SecurityNational Mortgage denies any liability to Lehman Holdings and intends to vigorously protect and defend its position. In response to a Court order, certain defendants referenced in the Second Amended Complaint and the RMBS Complaints negotiated with Lehman Holdings concerning an amended case management order pertaining to certain case procedures and management for both lawsuits including, but not limited to, timing for filing motions and answering the complaints, and provisions concerning discovery such as document production, taking depositions, and use of experts. At a hearing held on March 7, 2019, the Court considered differences of the parties as to the content of an amended case management order, and thereafter signed an amended case management order dated March 13, 2019. On May 8, 2019, Judge Caproni issued her Opinion and Order denying the motion for an interlocutory appeal of the bankruptcy court’s ruling relative to jurisdiction and venue. Further, the judge denied the motion for immediate de novo de novo Lehman Holdings sent an Indemnification Alternative Dispute Resolution Notice (“Notice”) to SecurityNational Mortgage dated August 1, 2019. SecurityNational Mortgage sent its Statement of Position to Lehman Brothers Holdings dated September 3, 2019 in response to the Notice. Thereafter, Lehman Holdings sent its Reply dated October 2, 2019 to SecurityNational Mortgage. The parties are finalizing the selection of the mediator in anticipation of then working out details with the mediator for non-binding mediation. Debt Covenants for Mortgage Warehouse Lines of Credit The Company, through its subsidiary SecurityNational Mortgage, has a $100,000,000 line of credit with Wells Fargo Bank N.A. The agreement charges interest at the 1-Month LIBOR rate plus 2.1% and matures on June 16, 2020. SecurityNational Mortgage is required to comply with covenants for adjusted tangible net worth, unrestricted cash balance, the ratio of indebtedness to adjusted tangible net worth, and the liquidity overhead coverage ratio, and a quarterly gross profit of at least $1. The Company, through its subsidiary SecurityNational Mortgage, also uses a line of credit with Texas Capital Bank N.A. This agreement with the bank allows SecurityNational Mortgage to borrow up to $100,000,000 for the sole purpose of funding mortgage loans. SecurityNational Mortgage is currently approved to borrow $30,000,000 of the $100,000,000 available. The agreement charges interest at the 1-Month LIBOR rate plus 3% and matures on September 9, 2020. The Company is required to comply with covenants for adjusted tangible net worth, unrestricted cash balance, and minimum combined pre-tax income (excluding any changes in the fair value of mortgage servicing rights) of at least $1 on a rolling four-quarter basis. The agreements for both warehouse lines include cross default provisions in that a covenant violation under one agreement constitutes a covenant violation under the other agreement. As of September 30, 2019, the Company had approximately $54,156,000 and $94,950,000 outstanding on the Texas Capital Bank and Wells Fargo warehouse lines, respectively, and was in compliance with all debt covenants. 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 September 30, 2019, the Company’s commitments were approximately $123,113,000 for these loans, of which $94,570,000 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. 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.

12) Mortgage Servicing Rights

12) Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2019
Notes
12) Mortgage Servicing Rights	12) Mortgage Servicing Rights The Company initially records these MSRs at fair value as discussed in Note 8. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. Amortization expense is included in other expenses on the consolidated statements of earnings. MSR amortization is determined by amortizing the MSR balance in 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 is a summary of the MSR activity for the periods presented. As of September 30 2019 As of December 31 2018 Amortized cost: Balance before valuation allowance at beginning of year $ 20,016,822 $ 21,376,937 MSR additions resulting from loan sales 2,015,872 3,922,816 Amortization (1) (5,081,570) (5,282,931) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 16,951,124 $ 20,016,822 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 $ 16,951,124 $ 20,016,822 Estimated fair value of MSRs at end of period $ 20,216,363 $ 28,885,316 (1) Included in other expenses on the condensed consolidated statements of earnings The following table summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost: Estimated MSR Amortization 2019 1,447,366 2020 5,452,834 2021 3,769,028 2022 3,003,819 2023 2,412,176 Thereafter 865,901 Total $ 16,951,124 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 September 30 Nine Months Ended September 30 2019 2018 2019 2018 Contractual servicing fees $ 1,765,957 $ 1,905,887 $ 5,433,970 $ 5,670,346 Late fees 82,547 106,354 261,437 334,452 Total $ 1,848,504 $ 2,012,241 $ 5,695,407 $ 6,004,798 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio for the periods presented: As of September 30 2019 As of December 31 2018 Servicing UPB $ 2,754,157,857 $ 2,941,231,563 The following key assumptions were used in determining MSR value: Prepayment Speeds Average Life (Years) Discount Rate September 30, 2019 18.00 4.58 9.51 December 31, 2018 11.70 6.33 9.51

13) Income Taxes

13) Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes
13) Income Taxes	13) Income Taxes The Company’s overall effective tax rate for the three months ended September 30, 2019 and 2018 was 24.0% and 9.0% , respectively, which resulted in a provision for income taxes of $1,142,000 and $198,000, respectively. The Company’s overall effective tax rate for the nine months ended September 30, 2019 and 2018 was 23.6% and 19.5% , respectively, which resulted in a provision for income taxes of $2,788,000 and $5,383,000, respectively. The Company's effective tax rates differ from the U.S. federal statutory rate of 21% partially due to its provision for state income taxes. The effective tax rate in the current period increased when compared to the prior year period largely due to the Company’s provision for state income taxes and larger discrete provision-to-return adjustments in the prior year mainly due to the Tax Cuts and Jobs Act reduction of the federal statutory rate from 35% to 21%.

14) Revenues From Contracts Wit

14) Revenues From Contracts With Customers	9 Months Ended
	Sep. 30, 2019
Notes
14) Revenues From Contracts With Customers	14) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers. Information about Performance Obligations and Contract Balances The Company’s cemetery and mortuary segment sells a variety of goods and services to customers in both at-need and pre-need situations. Due to the timing of the fulfillment of the obligation, revenue is deferred until that obligation is fulfilled. The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue Deferred Pre-need Land Revenue Complete payment of the contract does not constitute fulfillment of the performance obligation. Goods or services are deferred until such time the service is performed or merchandise is received. Pre-need contracts are required to be paid in full prior to a customer using a good or service from a pre-need contract. Goods and services from pre-need contracts can be transferred when paid in full from one owner to another. In such cases, the Company will act as an agent in transferring the requested goods and services. A transfer of goods and services does not fulfill an obligation and revenue remains deferred. The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2019) $ 2,816,225 $ - $ 12,508,625 Closing (9/30/2019) 2,912,835 - 12,901,226 Increase/(decrease) 96,610 - 392,601 (1) Included in Receivables, net on the condensed consolidated balance sheets The amount of revenue recognized and included in the opening contract liability balance for the three months ended September 30, 2019 and 2018 was $884,180 and $724,097, respectively, and for the nine months ended September 30, 2019 and 2018 was $2,515,278 and $2,079,157, respectively. The difference between the opening and closing balances of the Company’s contract assets and contract liabilities primarily results from the timing difference between the Company’s performance and the customer’s payment. Disaggregation of Revenue The following table disaggregates revenue for the Company’s cemetery and mortuary contracts for the periods presented: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Major goods/service lines At-need $ 2,888,996 $ 2,772,859 $ 8,883,846 $ 7,973,554 Pre-need 637,420 873,431 2,321,928 2,456,574 $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128 Timing of Revenue Recognition Goods transferred at a point in time $ 2,371,041 $ 2,448,836 $ 7,515,881 $ 6,934,973 Services transferred at a point in time 1,155,375 1,197,454 3,689,893 3,495,155 $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128 The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Net mortuary and cemetery sales $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128 Gains on investments and other assets (100,685) 245,448 752,412 2,330,701 Net investment income 112,246 56,284 387,617 194,425 Other revenues 32,442 60,921 126,908 105,103 Revenues from external customers 3,570,419 4,008,943 12,472,711 13,060,357

15) Acquisitions

15) Acquisitions	9 Months Ended
	Sep. 30, 2019
Notes
15) Acquisitions	15) Acquisitions Probst Family Funerals and Cremations and Heber Valley Funeral Home On February 15, 2019, the Company, through its wholly-owned subsidiary, Memorial Mortuary Inc., completed an asset purchase transaction with Probst Family Funerals and Cremations, LLC. (“Probst Family Funerals”) and Heber Valley Funeral Home, Inc. (“Heber Valley Funeral Home”). These funeral homes are both located in Heber Valley, a community situated about 45 miles southeast of Salt Lake City. For the year ended December 31, 2018, Probst Family Funerals and Heber Valley Funeral Home had combined revenues of $1,055,634 and a combined net pre-tax income of $179,613. As of December 31, 2018, Probst Family Funerals and Heber Valley Funeral Home had combined assets of $1,161,029 and a combined total equity of $18,052. Under the terms of the transaction, as set forth in the Asset Purchase Agreement, dated February 15, 2019, by and among SN Probst, a wholly owned subsidiary of Memorial Mortuary, and Probst Family Funerals, Heber Valley Funeral Home, Joe T. Probst, Clinton Wayne Probst, Calle J. Probst, and Marsha L. Probst, Memorial Mortuary, through its wholly owned subsidiary SN Probst, paid a net purchase price of $3,315,647 for the business and assets of Probst Family Funerals and Heber Valley Funeral Home, subject to a $150,000 holdback. At the closing, Probst Funeral Homes and Heber Valley Funeral Home paid off the $907,407 principal balance and $4,340 in interest on a loan at Zions Bank that was secured by the Heber Valley Funeral Home. Also, at the closing, Probst Funeral Homes and Heber Valley Funeral Home paid off the $157,148 loan with Utah Community Credit Union and the $32,987 line of credit with Zions Bank. The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition were as follows: Cash $ 53,859 Property and equipment 2,475,526 Receivables 13,620 Goodwill 754,018 Other 21,800 Total assets acquired 3,318,823 Bank and other loans payable (3,176) Total liabilities assumed (3,176) Fair value of net assets acquired/consideration paid $ 3,315,647 The estimated fair values of buildings, land and warehouses included in property and equipment are based on independent appraisals using a sales comparison approach which are 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. Beta Capital Corp On June 1, 2018, the Company completed a stock purchase transaction with Beta Capital Corp. ("Beta Capital") and Ronald D. Maxson ("Maxson"), the sole owner of all the outstanding shares of common stock of Beta Capital, to purchase all of the outstanding shares of common stock of Beta Capital. Beta Capital is engaged in the operation of a factoring business with the principal purpose of providing funding for funeral homes and mortuaries. Under the terms of the transaction, as set forth in the Stock Purchase Agreement dated June 1, 2018, by and among the Company, Beta Capital and Maxson, the Company paid Maxson the purchase consideration at the closing of the transaction equal to the sum of (i) $890,000 in cash plus (ii) the accounts receivable value of $2,515,783, representing the total amount of the Company's outstanding receivables as of the closing date of June 1, 2018, for a total closing payment of $3,405,783. From the $3,405,783 closing payment, a holdback amount equal to $175,000 was deposited into an interest bearing escrow account to be held for a period of eighteen months from the closing date to pay off any uncollected accounts receivable and other liabilities of Beta Capital as of the closing date. The estimated fair values of the assets acquired as of the date of acquisition were as follows: Other investments - insurance assignments $ 2,515,783 Other - customer list intangible asset 890,000 Total assets acquired 3,405,783 Fair value of net assets acquired/consideration paid $ 3,405,783

16) Subsequent Events

16) Subsequent Events	9 Months Ended
	Sep. 30, 2019
Notes
16) Subsequent Events	16) Subsequent Events Kilpatrick Life Insurance Company On October 11, 2019, the Company, through its wholly owned subsidiary, Security National Life Insurance Company (“Security Life”) entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Kilpatrick Life Insurance Company, a Louisiana domiciled life insurance company (“Kilpatrick Life”) and its shareholders to purchase all of the outstanding shares of common stock of Kilpatrick Life. The closing of the transaction is subject to approval by the Louisiana Department of Insurance of the change of control of Kilpatrick Life. Closing will occur after approval by the Louisiana Department of Insurance. Under the terms of the Stock Purchase Agreement, the aggregate purchase price for all the shares held by the Kilpatrick Life shareholders is $22,000,000 plus or minus adjustments for increases or decreases in the fair value of bonds held by Kilpatrick Life as defined in the Stock Purchase Agreement. The Stock Purchase Agreement further provides that Security Life and Kilpatrick Life each agree to enter into a Coinsurance Agreement contemporaneous with the execution of the Stock Purchase Agreement. Subject to the terms and conditions of the Coinsurance Agreement, Security Life, as coinsurer, agrees to coinsure all of the insurance policies as of the coinsure effective date in exchange for receipt of the reinsurance settlement amount from Kilpatrick Life, to the extent permitted by the Louisiana Department of Insurance, except for certain policies not included with the coinsured policies. It is anticipated that the settlement amount compensating Security Life for assuming the obligations associated with these policies will be approximately $166,453,000. Unless otherwise directed by Security Life, as coinsurer, Kilpatrick Life will administer the policies on behalf of Security Life, as coinsurer, for the duration of the Coinsurance Agreement. For further information regarding the Stock Purchase Agreement and the Coinsurance Agreement between Security Life and Kilpatrick Life, please refer to the Company’s Form 8-K filed on November 14, 2019.

1) Basis of Presentation_ Accou

1) Basis of Presentation: Accounting Policy (Policies)	9 Months Ended
	Sep. 30, 2019
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, 2018, included in the Company’s Annual Report on Form 10-K (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 nine months ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.

1) Basis of Presentation_ Use o

1) Basis of Presentation: Use of Estimates Policy (Policies)	9 Months Ended
	Sep. 30, 2019
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; those used in determining the value of mortgage servicing rights; those used in determining allowances for loan losses for mortgage loans held for investment; 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 Pronounc_2

2) Recent Accounting Pronouncements: New Accounting Pronouncements, Policy (Policies)	9 Months Ended
	Sep. 30, 2019
Policies
New Accounting Pronouncements, Policy	ASU No. 2016-02: “Leases (Topic 842)” - Issued in February 2016, ASU 2016-02 supersedes the requirements in Accounting Standards Codification (“ASC”) Topic 840, “Leases”, and was issued to increase transparency and comparability among organizations. The new standard sets forth the principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and lessors. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record on the balance sheet right-of-use assets and lease liabilities, equal to the present value of the remaining lease payments. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or a straight-line basis over the term of the leases. The FASB further clarified ASU 2016-02 and provided targeted improvements by issuing ASU 2018-01, ASU 2018-10, ASU 2018-11 and ASU 2018-20. The Company adopted this standard on January 1, 2019 using the modified retrospective transition method with no cumulative-effect adjustment to the opening balance of retained earnings. Under this transition method, the application date was the beginning of the reporting period, January 1, 2019, in which the Company first applied the standard. Under this transition option, the Company will apply the legacy guidance in ASC 840, “Leases”, including its disclosure requirements, in the comparative periods presented in the year of adoption. The Company has made an accounting policy election not to apply the recognition requirements to short-term leases, which are leases that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying assets that the lessee is reasonably certain to exercise. The new authoritative guidance allows for certain practical expedients to be utilized to assist with the implementation of the new standard. The Company has elected the transition package of practical expedients which allows the Company to not reassess whether any expired or existing contracts are or contain leases, to not reassess the lease classification for any expired or existing leases and to not reassess initial direct costs for any existing leases. The Company implemented a third-party lease accounting system to assist with the measurement of the lease liabilities and the related right-of-use assets. The Company compiled an inventory of its leases, determined the appropriate discount rates and has determined the impact of this standard which is not material to the Company’s results of operations, but has an effect on the balance sheet presentation for leased assets and obligations. The Company recognized a right-of-use asset and related lease liability for approximately $12,076,000 on January 1, 2019. This standard did not impact the Company’s accounting for leases where the Company is the lessor. Accounting Standards Issued But Not Yet Adopted ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” – Issued in September 2016, ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis (such as mortgage loans and held to maturity debt securities) and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current general 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. In October 2019, the FASB proposed an update to ASU No. 2016-13 that would make the ASU effective for the Company on January 1, 2023. The Company is in the process of evaluating the potential impact of this standard, especially as it relates to held to maturity debt securities and mortgage loans held for investment. ASU No. 2018-13: “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” – Issued in August 2018, ASU 2018-13 modifies the disclosure requirements of Topic 820 by removing, modifying or adding certain disclosures. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 does not change the fair value measurements already required or permitted by existing standards. This new authoritative guidance will be effective for the Company on January 1, 2020. The adoption of this standard will not materially impact the Company’s financial statements. ASU No. 2018-12: “Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts” – Issued in August 2018, ASU 2018-12 is intended to improve the timeliness of recognizing changes in the liability for future policy benefits on traditional long-duration contracts by requiring that assumptions be updated after contract inception and by modifying the rate used to discount future cash flows. The ASU will simplify and improve the accounting for certain market-based options or guarantees associated with deposit or account balance contracts, simplify amortization of deferred acquisition costs while improving and expanding required disclosures. In October 2019, the FASB proposed an update to ASU No. 2018-12 that would make the ASU effective for the Company on January 1, 2024. The Company is in the process of evaluating the potential impact of this standard. 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)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
Held-to-maturity Securities	Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2019 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 62,267,359 $ 703,132 $ (35,072) $ 62,935,419 Obligations of states and political subdivisions 5,877,586 144,335 - 6,021,921 Corporate securities including public utilities 154,480,928 16,868,422 (696,122) 170,653,228 Mortgage-backed securities 17,020,727 732,042 (42,738) 17,710,031 Redeemable preferred stock 103,197 14,039 - 117,236 Total fixed maturity securities held to maturity $ 239,749,797 $ 18,461,970 $ (773,932) $ 257,437,835 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,126,632 $ 962,133 $ (978,987) $ 8,109,778 Total equity securities at estimated fair value $ 8,126,632 $ 962,133 $ (978,987) $ 8,109,778 Mortgage loans held for investment at amortized cost: Residential $ 79,853,121 Residential construction 92,602,632 Commercial 26,720,812 Less: Unamortized deferred loan fees, net (1,366,186) Less: Allowance for loan losses (1,301,476) Total mortgage loans held for investment $ 196,508,903 Real estate held for investment net of accumulated depreciation: Residential $ 23,420,598 Commercial 93,634,800 Total real estate held for investment $ 117,055,398 Other investments and policy loans at amortized cost: Policy loans $ 6,344,074 Insurance assignments 34,404,766 Federal Home Loan Bank stock (1) 3,006,500 Other investments 4,188,048 Less: Allowance for doubtful accounts (1,495,268) Total other investments and policy loans $ 46,448,120 Accrued investment income $ 4,046,143 Total investments $ 611,918,139 (1) Includes $806,500 of Membership stock and $2,200,000 of Activity stock due to short-term borrowings.
As of December 2018
Held-to-maturity Securities	Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2018 Fixed maturity securities held to maturity carried at amortized cost: Bonds: U.S. Treasury securities and obligations of U.S. Government agencies $ 52,017,683 $ 264,891 $ (727,798) $ 51,554,776 Obligations of states and political subdivisions 6,959,237 32,274 (111,271) 6,880,240 Corporate securities including public utilities 157,639,860 7,002,864 (3,704,137) 160,938,587 Mortgage-backed securities 15,358,746 227,398 (308,864) 15,277,280 Redeemable preferred stock 103,197 1,903 (5,125) 99,975 Total fixed maturity securities held to maturity $ 232,078,723 $ 7,529,330 $ (4,857,195) $ 234,750,858 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,312,158 $ 422,528 $ (1,176,075) $ 5,558,611 Total equity securities at estimated fair value $ 6,312,158 $ 422,528 $ (1,176,075) $ 5,558,611 Mortgage loans held for investment at amortized cost: Residential $ 89,935,600 Residential construction 71,366,544 Commercial 27,785,927 Less: Unamortized deferred loan fees, net (1,275,030) Less: Allowance for loan losses (1,347,972) Total mortgage loans held for investment $ 186,465,069 Real estate held for investment net of accumulated depreciation: Residential $ 29,507,431 Commercial 92,050,791 Total real estate held for investment $ 121,558,222 Other investments and policy loans at amortized cost: Policy loans $ 6,424,325 Insurance assignments 35,239,396 Federal Home Loan Bank stock (1) 2,548,700 Other investments 3,497,762 Less: Allowance for doubtful accounts (1,092,528) Total other investments and policy loans $ 46,617,655 Accrued investment income $ 3,566,146 Total investments $ 595,844,426 (1) Includes $708,700 of Membership stock and $1,840,000 of Activity stock due to short-term borrowings.

3) Investments_ Schedule of Unr

3) Investments: Schedule of Unrealized Loss on Investments (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019 U.S. Treasury securities and obligations of U.S. Government Agencies $ 2,966 $ 658,550 $ 32,106 $ 19,885,300 $ 35,072 $ 20,543,850 Corporate securities 191,271 5,965,416 504,851 4,416,332 696,122 10,381,748 Mortgage and other asset-backed securities 10,067 379,177 32,671 706,509 42,738 1,085,686 Total unrealized losses $ 204,304 $ 7,003,143 $ 569,628 $ 25,008,141 $ 773,932 $ 32,011,284 At December 31, 2018 U.S. Treasury securities and obligations of U.S. Government Agencies $ 10,519 $ 695,863 $ 717,279 $ 39,930,052 $ 727,798 $ 40,625,915 Obligations of states and political subdivisions 6,643 1,791,257 104,628 2,889,517 111,271 4,680,774 Corporate securities 2,514,549 61,090,431 1,189,588 11,767,349 3,704,137 72,857,780 Mortgage and other asset-backed securities 79,896 1,705,296 228,968 2,690,065 308,864 4,395,361 Redeemable preferred stock 5,125 90,000 - - 5,125 90,000 Total unrealized losses $ 2,616,732 $ 65,372,847 $ 2,240,463 $ 57,276,983 $ 4,857,195 $ 122,649,830

3) Investments_ Investments Cla

3) Investments: Investments Classified by Contractual Maturity Date (Tables)	9 Months Ended
	Sep. 30, 2019
Held-to-maturity Securities
Investments Classified by Contractual Maturity Date	Amortized Cost Estimated Fair Value Held to Maturity: Due in 1 year $ 3,135,187 $ 3,152,560 Due in 2-5 years 85,443,407 87,087,887 Due in 5-10 years 66,438,645 71,147,090 Due in more than 10 years 67,608,634 78,223,031 Mortgage-backed securities 17,020,727 17,710,031 Redeemable preferred stock 103,197 117,236 Total held to maturity $ 239,749,797 $ 257,437,835

3) Investments_ Gain (Loss) on

3) Investments: Gain (Loss) on Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Gain (Loss) on Investments	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Fixed maturity securities held to maturity: Gross realized gains $ 113,849 $ 109,554 $ 362,475 $ 397,190 Gross realized losses (16,814) (31,670) (121,829) (601,303) Equity securities: Gains (losses) on securities sold 85,998 11,214 138,662 (13,933) Unrealized gains and (losses) on securities held at the end of the period (98,635) 284,192 676,589 71,143 - Other assets: Gross realized gains 472,691 814,471 2,265,914 26,060,598 (1) Gross realized losses (1,076,762) (165,334) (3,060,716) (542,100) Total $ (519,673) $ 1,022,427 $ 261,095 $ 25,371,595 (1) Includes a one-time gain of $22,252,000 from the sale of Dry Creek at East Village Apartments.

3) Investments_ Schedule of Maj

3) Investments: Schedule of Major categories of net investment income (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Major categories of net investment income	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Fixed maturity securities held to maturity $ 2,563,481 $ 2,481,202 $ 7,596,035 $ 7,521,884 Equity securities 74,629 64,214 227,280 176,126 Mortgage loans held for investment 4,558,232 4,240,624 13,187,416 14,016,985 Real estate held for investment 2,259,064 2,124,138 6,266,286 6,423,996 Policy loans 113,541 85,044 308,583 296,540 Insurance assignments 3,851,804 3,583,964 11,970,755 10,956,651 Other investments - 57,050 106,678 186,594 Cash and cash equivalents 398,997 375,310 1,363,873 752,339 Gross investment income 13,819,748 13,011,546 41,026,906 40,331,115 Investment expenses (3,341,182) (3,370,050) (9,965,837) (10,873,223) Net investment income $ 10,478,566 $ 9,641,496 $ 31,061,069 $ 29,457,892

3) Investments_ Commercial Real

3) Investments: Commercial Real Estate Investment (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Commercial Real Estate Investment	Net Ending Balance Total Square Footage September 30 December 31 September 30 December 31 2019 2018 2019 2018 Arizona $ 4,000 (1) $ 4,000 (1) - - Kansas 4,714,777 6,861,898 222,679 222,679 Louisiana 456,437 467,694 7,063 7,063 Mississippi 3,288,045 3,329,948 33,821 33,821 Nevada 655,499 - 4,800 - New Mexico 7,000 (1) 7,000 (1) - - Texas 300,000 (2) 300,000 (2) - - Utah 84,209,042 81,080,251 502,129 502,129 $ 93,634,800 $ 92,050,791 770,492 765,692 (1) Undeveloped land (2) Improved commercial pad

3) Investments_ Residential Rea

3) Investments: Residential Real Estate Investment (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Residential Real Estate Investment	Net Ending Balance September 30 December 31 2019 2018 California $ 1,565,639 $ 2,644,321 Florida 5,158,218 6,534,277 Ohio 10,000 10,000 South Carolina 205,000 - Tennessee - 105,260 Texas - 139,174 Utah 16,005,560 19,598,218 Washington 476,181 476,181 $ 23,420,598 $ 29,507,431

3) Investments_ Real Estate Own

3) Investments: Real Estate Owned and Occupied by the Company (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Real Estate Owned and Occupied by the Company	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 21,521 27% 121 West Election Road, Draper, UT Mortgage Sales 78,978 19% (1) This asset is included in property and equipment on the condensed consolidated balance sheets

3) Investments_ Schedule of All

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Tables)	9 Months Ended
	Sep. 30, 2019
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 September 30, 2019 Allowance for credit losses: Beginning balance - January 1, 2019 $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Charge-offs - (21,786) 7,982 (13,804) Provision - (32,692) - (32,692) Ending balance - September 30, 2019 $ 187,129 $ 1,071,145 $ 43,202 $ 1,301,476 Ending balance: individually evaluated for impairment $ - $ 30,341 $ - $ 30,341 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,040,804 $ 43,202 $ 1,271,135 Mortgage loans: Ending balance $ 26,720,812 $ 79,853,121 $ 92,602,632 $ 199,176,565 Ending balance: individually evaluated for impairment $ - $ 4,470,805 $ 350,000 $ 4,820,805 Ending balance: collectively evaluated for impairment $ 26,720,812 $ 75,382,316 $ 92,252,632 $ 194,355,760 December 31, 2018 Allowance for credit losses: Beginning balance - January 1, 2018 $ 187,129 $ 1,546,447 $ 35,220 $ 1,768,796 Charge-offs - (5,725) - (5,725) Provision - (415,099) - (415,099) Ending balance - December 31, 2018 $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Ending balance: individually evaluated for impairment $ - $ 74,185 $ - $ 74,185 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,051,438 $ 35,220 $ 1,273,787 Mortgage loans: Ending balance $ 27,785,927 $ 89,935,600 $ 71,366,544 $ 189,088,071 Ending balance: individually evaluated for impairment $ 196,182 $ 2,939,651 $ 502,991 $ 3,638,824 Ending balance: collectively evaluated for impairment $ 27,589,745 $ 86,995,949 $ 70,863,553 $ 185,449,247

3) Investments_ Schedule of agi

3) Investments: Schedule of aging of mortgage loans (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of aging of mortgage loans	Age Analysis of Mortgage Loans Held for Investment 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 September 30, 2019 Commercial $ 1,500,000 $ - $ - $ - $ 1,500,000 $ 25,220,812 $ 26,720,812 $ (187,129) $ (6,647) $ 26,527,036 Residential 8,478,442 1,745,409 3,659,589 811,216 14,694,656 65,158,465 79,853,121 (1,071,145) (637,408) 78,144,568 Residential Construction 200,963 437,819 350,000 - 988,782 91,613,850 92,602,632 (43,202) (722,131) 91,837,299 Total $ 10,179,405 $ 2,183,228 $ 4,009,589 $ 811,216 $ 17,183,438 $ 181,993,127 $ 199,176,565 $ (1,301,476) $ (1,366,186) $ 196,508,903 December 31, 2018 Commercial $ 4,588,424 $ - $ 196,182 $ - $ 4,784,606 $ 23,001,321 $ 27,785,927 $ (187,129) $ 32,003 $ 27,630,801 Residential 9,899,380 2,312,252 1,715,362 1,224,289 15,151,283 74,784,317 89,935,600 (1,125,623) (862,411) 87,947,566 Residential Construction - - - 502,991 502,991 70,863,553 71,366,544 (35,220) (444,622) 70,886,702 Total $ 14,487,804 $ 2,312,252 $ 1,911,544 $ 1,727,280 $ 20,438,880 $ 168,649,191 $ 189,088,071 $ (1,347,972) $ (1,275,030) $ 186,465,069 (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)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Impaired Mortgage Loans	Impaired Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2019 With no related allowance recorded: Commercial $ - $ - $ - $ 502,484 $ - Residential 4,196,527 4,196,527 - 3,738,138 - Residential construction 350,000 350,000 - 1,724,705 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 274,278 274,278 30,341 387,687 - Residential construction - - - - - Total: Commercial $ - $ - $ - $ 502,484 $ - Residential 4,470,805 4,470,805 30,341 4,125,825 - Residential construction 350,000 350,000 - 1,724,705 - December 31, 2018 With no related allowance recorded: Commercial $ 196,182 $ 196,182 $ - $ 98,023 $ - Residential 1,612,164 1,612,164 - 2,423,135 - Residential construction 502,991 502,991 - 675,950 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,327,487 1,327,487 74,185 1,543,416 - Residential construction - - - - - Total: Commercial $ 196,182 $ 196,182 $ - $ 98,023 $ - Residential 2,939,651 2,939,651 74,185 3,966,551 - Residential construction 502,991 502,991 - 675,950 -

3) Investments_ Schedule Of Cre

3) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status:	Mortgage Loans Held for Investment Credit Exposure Credit Risk Profile Based on Payment Activity Commercial Residential Residential Construction Total September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Performing $ 26,720,812 $ 27,589,745 $ 75,382,316 $ 86,995,949 $ 92,252,632 $ 70,863,553 $ 194,355,760 $ 185,449,247 Non-performing - 196,182 4,470,805 2,939,651 350,000 502,991 4,820,805 3,638,824 Total $ 26,720,812 $ 27,785,927 $ 79,853,121 $ 89,935,600 $ 92,602,632 $ 71,366,544 $ 199,176,565 $ 189,088,071

3) Investments_ Schedule of Mor

3) Investments: Schedule of Mortgage loans on a nonaccrual status (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Mortgage loans on a nonaccrual status	Mortgage Loans on Non-Accrual Status As of September 30 2019 As of December 31 2018 Commercial $ - $ 196,182 Residential 4,470,805 2,939,651 Residential construction 350,000 502,991 Total $ 4,820,805 $ 3,638,824

4) Loans Held For Sale_ Aggrega

4) Loans Held For Sale: Aggregate fair value - Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Aggregate fair value - Loans Held for Sale	As of September 30 2019 As of December 31 2018 Aggregate fair value $ 233,713,098 $ 136,210,853 Unpaid principal balance 227,842,398 131,663,946 Unrealized gain 5,870,700 4,546,907

4) Loans Held For Sale_ Schedul

4) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Mortgage Fee Income for Loans Held for Sale	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Loan fees $ 8,438,471 $ 7,758,284 $ 22,162,455 $ 21,347,320 Interest income 2,127,775 1,993,895 5,032,505 4,698,899 Secondary gains 27,574,294 22,315,022 66,434,923 58,633,363 Change in fair value of loan commitments 378,899 94,569 1,915,223 537,696 Change in fair value of loans held for sale 1,411,322 (203,623) 2,065,978 4,563,222 Provision for loan loss reserve (195,009) (293,443) (449,894) (946,556) Mortgage fee income $ 39,735,752 $ 31,664,704 $ 97,161,190 $ 88,833,944

4) Loans Held For Sale_ Sched_2

4) Loans Held For Sale: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of loan loss reserve which is included in other liabilities and accrued expenses	As of September 30 2019 As of December 31 2018 Balance, beginning of period $ 3,604,869 $ 2,571,524 Provision on current loan originations (1) 449,894 1,148,334 Charge-offs, net of recaptured amounts (172,917) (114,989) Balance, end of period $ 3,881,846 $ 3,604,869 (1) Included in mortgage fee income

5) Stock-based Compensation_ Sc

5) Stock-based Compensation: Schedule of stock inventive plan changes (Tables)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
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, 2018 1,011,274 $ 4.49 577,280 $ 5.15 Granted 2,000 - Exercised (19,796) (63,814) Cancelled - - Outstanding at September 30, 2019 993,478 $ 4.50 513,466 $ 5.33 As of September 30, 2019: Options exercisable 955,195 $ 4.46 489,840 $ 5.34 As of September 30, 2019: Available options for future grant 299,351 146,425 Weighted average contractual term of options outstanding at September 30, 2019 5.40 years 3.63 years Weighted average contractual term of options exercisable at September 30, 2019 5.34 years 3.37 years Aggregated intrinsic value of options outstanding at September 30, 2019 (1) $765,360 $106,646 Aggregated intrinsic value of options exercisable at September 30, 2019 (1) $765,360 $106,646 (1) The Company used a stock price of $4.90 as of September 30, 2019 to derive intrinsic value.
AsOfJune302018
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, 2017 880,426 $ 4.35 523,603 $ 5.24 Granted - - Exercised (36,133) - Cancelled (5,704) - Outstanding at September 30, 2018 838,589 $ 4.48 523,603 $ 5.24 As of September 30, 2018: Options exercisable 805,902 $ 4.46 505,227 $ 5.26 As of September 30, 2018: Available options for future grant 421,241 165,638 Weighted average contractual term of options outstanding at September 30, 2018 6.05 years 2.69 years Weighted average contractual term of options exercisable at September 30, 2018 6.05 years 2.45 years Aggregated intrinsic value of options outstanding at September 30, 2018 (1) $867,356 $267,943 Aggregated intrinsic value of options exercisable at September 30, 2018 (1) $862,157 $260,592 (1) The Company used a stock price of $5.20 as of September 30, 2018 to derive intrinsic value.

6) Earnings Per Share_ Schedule

6) Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Numerator: Net earnings $ 3,617,414 $ 2,013,746 $ 9,027,786 $ 22,177,886 Denominator: Basic weighted-average shares outstanding 17,230,987 17,152,656 17,240,745 17,072,531 Effect of dilutive securities: Employee stock options 189,744 234,670 194,010 222,771 Diluted weighted-average shares outstanding 17,420,731 17,387,326 17,434,755 17,295,302 Basic net earnings per share $0.21 $0.12 $0.52 $1.30 Diluted net earnings per share $0.21 $0.12 $0.52 $1.28

7) Business Segments_ Schedule

7) Business Segments: Schedule of Revenues and Expenses by Reportable Segment (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Revenues and Expenses by Reportable Segment	Life Insurance Cemetery/ Mortuary Mortgage Intercompany Eliminations Consolidated For the Three Months Ended September 30, 2019 Revenues from external customers $ 29,824,686 $ 3,570,419 $ 41,984,554 $ - $ 75,379,659 Intersegment revenues 1,465,778 106,638 120,891 (1,693,307) - Segment profit before income taxes 1,263,836 213,198 3,282,788 - 4,759,822 - For the Three Months Ended September 30, 2018 Revenues from external customers $ 28,962,288 $ 4,008,943 $ 34,251,862 $ - $ 67,223,093 Intersegment revenues 1,108,093 106,637 117,746 (1,332,476) - Segment profit before income taxes 2,192,036 781,875 (762,113) - 2,211,798 For the Nine Months Ended September 30, 2019 Revenues from external customers $ 88,937,110 $ 12,472,711 $ 103,908,855 $ - $ 205,318,676 Intersegment revenues 3,441,497 336,911 372,170 (4,150,578) - Segment profit before income taxes 4,568,178 2,421,845 4,825,801 - 11,815,824 Identifiable Assets 941,739,161 84,250,592 243,272,631 (110,132,588) 1,159,129,796 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 944,504,731 85,004,610 243,272,631 (110,132,588) 1,162,649,384 For the Nine Months Ended September 30, 2018 Revenues from external customers $ 109,198,662 $ 13,060,357 $ 95,905,309 $ - $ 218,164,328 Intersegment revenues 2,915,379 322,675 383,625 (3,621,679) - Segment profit before income taxes 28,840,882 3,714,304 (4,993,976) - 27,561,210 Identifiable Assets 920,458,422 91,084,393 178,089,215 (128,148,062) 1,061,483,968 Goodwill 2,765,570 - - - 2,765,570 Total Assets 923,223,992 91,084,393 178,089,215 (128,148,062) 1,064,249,538

8) Fair Value of Financial In_2

8) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
Schedule of fair value assets and liabilities measured on a 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 $ 8,109,778 $ 8,109,778 $ - $ - Total equity securities $ 8,109,778 $ 8,109,778 $ - $ - Loans held for sale $ 233,713,098 $ - $ - $ 233,713,098 Restricted assets (1) 1,145,917 1,145,917 - - Cemetery perpetual care trust investments (1) 908,493 908,493 - - Derivatives - loan commitments (2) 4,047,124 - - 4,047,124 Total assets accounted for at fair value on a recurring basis $ 247,924,410 $ 10,164,188 $ - $ 237,760,222 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (3) $ (75,604) $ (75,604) $ - $ - Derivatives - put options (3) (29,547) (29,547) - - Derivatives - loan commitments (3) (540,085) - - (540,085) Total liabilities accounted for at fair value on a recurring basis $ (645,236) $ (105,151) $ - $ (540,085) (1) Mutual funds and equity securities (2) Included in other assets on the condensed consolidated balance sheets (3) Included in other liabilities and accrued expenses on the condensed consolidated balance sheets
As of December 2018
Schedule of fair value assets and liabilities measured on a 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 $ 5,558,611 $ 5,558,611 $ - $ - Total equity securities $ 5,558,611 $ 5,558,611 $ - $ - Loans held for sale $ 136,210,853 $ - $ - $ 136,210,853 Restricted assets (1) 744,673 744,673 - - Cemetery perpetual care trust investments (1) 483,353 483,353 - - Derivatives - loan commitments (2) 1,969,967 - - 1,969,967 Total assets accounted for at fair value on a recurring basis $ 144,967,457 $ 6,786,637 $ - $ 138,180,820 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (3) (4,629) (4,629) - - Derivatives - put options (3) (296,053) (296,053) - - Derivatives - loan commitments (3) (378,151) - - (378,151) Total liabilities accounted for at fair value on a recurring basis $ (678,833) $ (300,682) $ - $ (378,151) (1) Mutual funds and equity securities (2) Included in other assets on the condensed consolidated balance sheets (3) Included in other liabilities and accrued expenses on the condensed consolidated balance sheets

8) Fair Value of Financial In_3

8) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Loan Commitments Loans Held for Sale Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 Originations - 1,840,552,029 Sales - (1,805,713,146) Total gains (losses): Included in earnings (1) 1,915,223 62,663,362 Balance - September 30, 2019 $ 3,507,039 $ 233,713,098 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings
As of December 2018
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Loan Commitments Loans Held for Sale Balance - December 31, 2017 $ 1,996,589 $ 133,414,188 Originations - 2,194,607,543 Sales - (2,259,145,473) Transfer to mortgage loans held for investment - (10,827,797) Total gains (losses): Included in earnings (1) (404,773) 78,162,392 Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings

8) Fair Value of Financial In_4

8) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Tables)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
Fair Value Assets Measured on a Nonrecurring Basis	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 held for investment $ 243,937 $ - $ - $ 243,937 Impaired real estate held for investment 6,256,277 - - 6,256,277 Total assets accounted for at fair value on a nonrecurring basis $ 6,500,214 $ - $ - $ 6,500,214
As of December 2018
Fair Value Assets Measured on a Nonrecurring Basis	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 held for investment $ 1,253,302 $ - $ - $ 1,253,302 Impaired real estate held for investment 1,611,384 - - 1,611,384 Total assets accounted for at fair value on a nonrecurring basis $ 2,864,686 $ - $ - $ 2,864,686

8) Fair Value of Financial In_5

8) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)	9 Months Ended
	Sep. 30, 2019
As of June 30, 2019
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 $ 239,749,797 $ - $ 253,688,345 $ 3,749,490 $ 257,437,835 Mortgage loans held for investment: Residential 78,144,568 - - 82,208,452 82,208,452 Residential construction 91,837,299 - - 91,837,299 91,837,299 Commercial 26,527,036 - - 27,156,433 27,156,433 Mortgage loans held for investment, net $ 196,508,903 $ - $ - $ 201,202,184 $ 201,202,184 Policy loans 6,344,074 - - 6,344,074 6,344,074 Insurance assignments, net (1) 32,909,498 - - 32,909,498 32,909,498 Restricted assets (2) 976,869 - 1,010,581 - 1,010,581 Restricted assets (3) 2,265,669 - - 2,259,287 2,259,287 Cemetery perpetual care trust investments (2) 978,913 - 1,010,634 - 1,010,634 Mortgage servicing rights, net 16,951,124 - - 20,216,363 20,216,363 Liabilities Bank and other loans payable $ (261,034,322) $ - $ - $ (261,034,322) $ (261,034,322) Policyholder account balances (4) (45,480,785) - - (36,775,860) (36,775,860) Future policy benefits - annuities (4) (96,259,449) - - (96,537,956) (96,537,956) (1) Included in other investments and policy loans on the condensed consolidated balance sheet. (2) Fixed maturity securities held to maturity (3) Mortgage loans held for investment (4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet.
As of December 2018
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 $ 232,078,723 $ - $ 229,668,844 $ 5,082,014 $ 234,750,858 Mortgage loans held for investment: Residential 87,947,566 - - 92,503,553 92,503,553 Residential construction 70,886,702 - - 70,886,702 70,886,702 Commercial 27,630,801 - - 28,359,205 28,359,205 Mortgage loans held for investment, net $ 186,465,069 $ - $ - $ 191,749,460 $ 191,749,460 Policy loans 6,424,325 - - 6,424,325 6,424,325 Insurance assignments, net (1) 34,146,868 - - 34,146,868 34,146,868 Restricted assets (2) 1,258,397 - 1,271,687 - 1,271,687 Restricted assets (3) 1,799,268 - - 1,810,185 1,810,185 Cemetery perpetual care trust investments (2) 990,390 - 983,410 - 983,410 Mortgage servicing rights, net 20,016,822 - - 28,885,316 28,885,316 Liabilities Bank and other loans payable $ (187,521,188) $ - $ - $ (187,521,188) $ (187,521,188) Policyholder account balances (4) (46,479,853) - - (37,348,289) (37,348,289) Future policy benefits - annuities (4) (98,137,615) - - (97,641,146) (97,641,146) (1) Included in other investments and policy loans on the condensed consolidated balance sheet. (2) Fixed maturity securities held to maturity (3) Participation in mortgage loans held for investment (commercial) (4) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheet.

10) Derivative Commitments_ Sch

10) Derivative Commitments: Schedule of Derivative Assets at Fair Value (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Derivative Assets at Fair Value	Fair Values and Notional Values of Derivative Instruments September 30, 2019 December 31, 2018 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 $218,687,084 $4,047,124 $540,085 $ 93,758,218 $1,969,967 $378,151 Call options Other liabilities 2,591,700 -- 75,604 805,500 -- 4,629 Put options Other liabilities 1,444,490 -- 29,547 4,861,700 -- 296,053 Total $222,723,274 $4,047,124 $645,236 $ 99,425,418 $1,969,967 $678,833

10) Derivative Commitments_ S_2

10) Derivative Commitments: Schedule of Gains and Losses on Derivatives (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Gains and Losses on Derivatives	Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30 Nine Months Ended September 30 Derivative Classification 2019 2018 2019 2018 Loan commitments Mortgage fee income $ 378,899 $ 94,569 $ 1,915,223 $ 537,696 Call and put options Gains on investments and other assets $ 104,702 $ 83,612 $ 509,639 $ 313,913

12) Mortgage Servicing Rights_

12) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Mortgage Servicing Rights	As of September 30 2019 As of December 31 2018 Amortized cost: Balance before valuation allowance at beginning of year $ 20,016,822 $ 21,376,937 MSR additions resulting from loan sales 2,015,872 3,922,816 Amortization (1) (5,081,570) (5,282,931) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 16,951,124 $ 20,016,822 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 $ 16,951,124 $ 20,016,822 Estimated fair value of MSRs at end of period $ 20,216,363 $ 28,885,316 (1) Included in other expenses on the condensed consolidated statements of earnings

12) Mortgage Servicing Rights_2

12) Mortgage Servicing Rights: Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights	Estimated MSR Amortization 2019 1,447,366 2020 5,452,834 2021 3,769,028 2022 3,003,819 2023 2,412,176 Thereafter 865,901 Total $ 16,951,124

12) Mortgage Servicing Rights_3

12) Mortgage Servicing Rights: Schedule of Other Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Other Revenues	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Contractual servicing fees $ 1,765,957 $ 1,905,887 $ 5,433,970 $ 5,670,346 Late fees 82,547 106,354 261,437 334,452 Total $ 1,848,504 $ 2,012,241 $ 5,695,407 $ 6,004,798

12) Mortgage Servicing Rights_4

12) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Summary of Unpaid Principal Balances of the Servicing Portfolio	As of September 30 2019 As of December 31 2018 Servicing UPB $ 2,754,157,857 $ 2,941,231,563

12) Mortgage Servicing Rights_5

12) Mortgage Servicing Rights: Assumptions used in determining MSR value (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Assumptions used in determining MSR value	Prepayment Speeds Average Life (Years) Discount Rate September 30, 2019 18.00 4.58 9.51 December 31, 2018 11.70 6.33 9.51

14) Revenues From Contracts W_2

14) Revenues From Contracts With Customers: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities	Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2019) $ 2,816,225 $ - $ 12,508,625 Closing (9/30/2019) 2,912,835 - 12,901,226 Increase/(decrease) 96,610 - 392,601 (1) Included in Receivables, net on the condensed consolidated balance sheets

14) Revenues From Contracts W_3

14) Revenues From Contracts With Customers: Revenues of the Cemetery and Mortuary Contracts (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Revenues of the Cemetery and Mortuary Contracts	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Major goods/service lines At-need $ 2,888,996 $ 2,772,859 $ 8,883,846 $ 7,973,554 Pre-need 637,420 873,431 2,321,928 2,456,574 $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128 Timing of Revenue Recognition Goods transferred at a point in time $ 2,371,041 $ 2,448,836 $ 7,515,881 $ 6,934,973 Services transferred at a point in time 1,155,375 1,197,454 3,689,893 3,495,155 $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128

14) Revenues From Contracts W_4

14) Revenues From Contracts With Customers: Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Tables/Schedules
Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information	Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 Net mortuary and cemetery sales $ 3,526,416 $ 3,646,290 $ 11,205,774 $ 10,430,128 Gains on investments and other assets (100,685) 245,448 752,412 2,330,701 Net investment income 112,246 56,284 387,617 194,425 Other revenues 32,442 60,921 126,908 105,103 Revenues from external customers 3,570,419 4,008,943 12,472,711 13,060,357

15) Acquisitions_ Estimated Fai

15) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Tables)	9 Months Ended
	Sep. 30, 2019
Probst Family Funerals and Cremations and Heber Valley Funeral Home
Estimated Fair Values of Assets Acquired and Liabilities Assumed	Cash $ 53,859 Property and equipment 2,475,526 Receivables 13,620 Goodwill 754,018 Other 21,800 Total assets acquired 3,318,823 Bank and other loans payable (3,176) Total liabilities assumed (3,176) Fair value of net assets acquired/consideration paid $ 3,315,647
Beta Capital Corp
Estimated Fair Values of Assets Acquired and Liabilities Assumed	Other investments - insurance assignments $ 2,515,783 Other - customer list intangible asset 890,000 Total assets acquired 3,405,783 Fair value of net assets acquired/consideration paid $ 3,405,783

3) Investments_ Held-to-matur_2

3) Investments: Held-to-maturity Securities (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
AmortizedCost	$ 239,749,797
Held to maturity securities, Estimated fair value	257,437,835
Mortgage loans on real estate and construction	196,508,903	$ 186,465,069
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,366,186)	(1,275,030)
Mortgage loans on real estate and construction	(1,301,476)	1,347,972
Real estate held for investment, net of depreciation	117,055,398	121,558,222
Policy loans	6,344,074	6,424,325
Insurance assignments	34,404,766	35,239,396
Federal Home Loan Bank stock	3,006,500	2,548,700
Other investments	4,188,048	3,497,762
Allowance for doubtful accounts	(1,495,268)	(1,092,528)
Total other investments and policy loans	46,448,120	46,617,655
Accrued investment income	4,046,143	3,566,146
Total investments	611,918,139	595,844,426
Mortgage loans on real estate and construction, allowance for losses	1,301,476	(1,347,972)
Total
AmortizedCost	239,749,797	232,078,723
Held-to-maturity Securities, Unrecognized Holding Gain	18,461,970
Held-to-maturity Securities, Unrecognized Holding Loss	(773,932)
Held to maturity securities, Estimated fair value	257,437,835	234,750,858
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		7,529,330
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(4,857,195)
US Treasury Securities
AmortizedCost	62,267,359	52,017,683
Held-to-maturity Securities, Unrecognized Holding Gain	703,132
Held-to-maturity Securities, Unrecognized Holding Loss	(35,072)
Held to maturity securities, Estimated fair value	62,935,419	51,554,776
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		264,891
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(727,798)
US Treasury Securities | Total
Held-to-maturity Securities, Unrecognized Holding Loss	(35,072)	(727,798)
US States and Political Subdivisions Debt Securities
AmortizedCost	5,877,586	6,959,237
Held-to-maturity Securities, Unrecognized Holding Gain	144,335
Held-to-maturity Securities, Unrecognized Holding Loss	0
Held to maturity securities, Estimated fair value	6,021,921	6,880,240
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		32,274
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(111,271)
US States and Political Subdivisions Debt Securities | Total
Held-to-maturity Securities, Unrecognized Holding Loss		(111,271)
Corporate Debt Securities
AmortizedCost	154,480,928	157,639,860
Held-to-maturity Securities, Unrecognized Holding Gain	16,868,422
Held-to-maturity Securities, Unrecognized Holding Loss	(696,122)
Held to maturity securities, Estimated fair value	170,653,228	160,938,587
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		7,002,864
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(3,704,137)
Corporate Debt Securities | Total
Held-to-maturity Securities, Unrecognized Holding Loss		(3,704,137)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
AmortizedCost	17,020,727	15,358,746
Held-to-maturity Securities, Unrecognized Holding Gain	732,042
Held-to-maturity Securities, Unrecognized Holding Loss	(42,738)
Held to maturity securities, Estimated fair value	17,710,031	15,277,280
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		227,398
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(308,864)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises | Total
Held-to-maturity Securities, Unrecognized Holding Loss	(42,738)	(308,864)
Redeemable Preferred Stock
AmortizedCost	103,197	103,197
Held-to-maturity Securities, Unrecognized Holding Gain	14,039
Held-to-maturity Securities, Unrecognized Holding Loss	0
Held to maturity securities, Estimated fair value	117,236	99,975
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain		1,903
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss		(5,125)
Redeemable Preferred Stock | Total
Held-to-maturity Securities, Unrecognized Holding Loss		(5,125)
Industrial, miscellaneous and all other
Available-for-sale Securities, Amortized Cost Basis	8,126,632	6,312,158
Available-for-sale Securities, Gross Unrealized Gain	962,133	422,528
Available For Sale Securities - Gross Unrealized Losses	(978,987)
Available for Sale Securities - Estimated Fair Value	8,109,778	5,558,611
AvailableForSaleSecuritiesGrossUnrealizedLosses		(1,176,075)
Equity Securities
Available-for-sale Securities, Amortized Cost Basis	8,126,632	6,312,158
Available-for-sale Securities, Gross Unrealized Gain	962,133	422,528
Available For Sale Securities - Gross Unrealized Losses	(978,987)
Available for Sale Securities - Estimated Fair Value	8,109,778	5,558,611
AvailableForSaleSecuritiesGrossUnrealizedLosses		(1,176,075)
Residential Mortgage
Mortgage loans on real estate and construction	79,853,121	89,935,600
Real estate held for investment, net of depreciation	23,420,598	29,507,431
Residential construction
Mortgage loans on real estate and construction	92,602,632	71,366,544
Commercial
Mortgage loans on real estate and construction	26,720,812	27,785,927
Commercial Loan
Real estate held for investment, net of depreciation	$ 93,634,800	$ 92,050,791

3) Investments_ Schedule of U_2

3) Investments: Schedule of Unrealized Loss on Investments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 35,072
Debt Securities, Held-to-maturity, Fair Value	20,543,850	$ 40,625,915
Corporate Securities
Debt Securities, Held-to-maturity, Fair Value	10,381,748
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	42,738
Debt Securities, Held-to-maturity, Fair Value	1,085,686	4,395,361
Total unrealized losses
Debt Securities, Held-to-maturity, Fair Value	32,011,284	122,649,830
US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	0
Debt Securities, Held-to-maturity, Fair Value		4,680,774
Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	696,122
Debt Securities, Held-to-maturity, Fair Value		72,857,780
Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss	0
Debt Securities, Held-to-maturity, Fair Value		90,000
Less Than 12 Months | US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	2,966	10,519
Debt Securities, Held-to-maturity, Fair Value	658,550	695,863
Less Than 12 Months | Corporate Securities
Held-to-maturity Securities, Unrecognized Holding Loss	191,271
Debt Securities, Held-to-maturity, Fair Value	5,965,416
Less Than 12 Months | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	10,067	79,896
Debt Securities, Held-to-maturity, Fair Value	379,177	1,705,296
Less Than 12 Months | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	204,304	2,616,732
Debt Securities, Held-to-maturity, Fair Value	7,003,143	65,372,847
Less Than 12 Months | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		6,643
Debt Securities, Held-to-maturity, Fair Value		1,791,257
Less Than 12 Months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		2,514,549
Debt Securities, Held-to-maturity, Fair Value		61,090,431
Less Than 12 Months | Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss		5,125
Debt Securities, Held-to-maturity, Fair Value		90,000
More Than 12 Months | US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	32,106	717,279
Debt Securities, Held-to-maturity, Fair Value	19,885,300	39,930,052
More Than 12 Months | Corporate Securities
Held-to-maturity Securities, Unrecognized Holding Loss	504,851
Debt Securities, Held-to-maturity, Fair Value	4,416,332
More Than 12 Months | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	32,671	228,968
Debt Securities, Held-to-maturity, Fair Value	706,509	2,690,065
More Than 12 Months | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	569,628	2,240,463
Debt Securities, Held-to-maturity, Fair Value	25,008,141	57,276,983
More Than 12 Months | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		104,628
Debt Securities, Held-to-maturity, Fair Value		2,889,517
More Than 12 Months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		1,189,588
Debt Securities, Held-to-maturity, Fair Value		11,767,349
More Than 12 Months | Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss		0
Debt Securities, Held-to-maturity, Fair Value		0
Total
Held-to-maturity Securities, Unrecognized Holding Loss	773,932
Total | US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	35,072	727,798
Total | Corporate Securities
Held-to-maturity Securities, Unrecognized Holding Loss	696,122
Total | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	42,738	308,864
Total | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	$ 773,932	4,857,195
Total | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		111,271
Total | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss		3,704,137
Total | Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss		$ 5,125

3) Investments (Details)

3) Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Details
Average market value over amortized cost	97.60%		97.60%		96.20%
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)			$ 0	$ 0
Impairment losses on commercial real estate held for investment	$ 790,827	$ 0	$ 2,658,024	$ 0

3) Investments_ Investments C_2

3) Investments: Investments Classified by Contractual Maturity Date (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
AmortizedCost	$ 239,749,797
Held to maturity securities, Estimated fair value	257,437,835
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
AmortizedCost	17,020,727	$ 15,358,746
Held to maturity securities, Estimated fair value	17,710,031	15,277,280
Redeemable Preferred Stock
AmortizedCost	103,197	103,197
Held to maturity securities, Estimated fair value	117,236	$ 99,975
Due in 2017
AmortizedCost	3,135,187
Held to maturity securities, Estimated fair value	3,152,560
Due in 2018 Through 2021
AmortizedCost	85,443,407
Held to maturity securities, Estimated fair value	87,087,887
Due in 2022 Through 2026
AmortizedCost	66,438,645
Held to maturity securities, Estimated fair value	71,147,090
Due After 2026
AmortizedCost	67,608,634
Held to maturity securities, Estimated fair value	$ 78,223,031

3) Investments_ Gain (Loss) o_2

3) Investments: Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fixed maturity securities held to maturity:	$ (519,673)	$ 1,022,427	$ 261,095	$ 25,371,595
Held-to-maturity Securities
Gross Realized Gains	113,849	109,554	362,475	397,190
Gross Realized Losses	(16,814)	(31,670)	(121,829)	(601,303)
Equity Securities
Gains on securities sold	85,998	11,214	138,662	(13,933)
Unrealized Gains and Losses on securities held at end of period	(98,635)	284,192	676,589	71,143
Other Assets
Gross Realized Gains	472,691	814,471	2,265,914	26,060,598
Gross Realized Losses	$ (1,076,762)	$ (165,334)	$ (3,060,716)	$ (542,100)

3) Investments_ Net carrying am

3) Investments: Net carrying amount of held to maturity securities (Details) - Held-to-maturity Securities - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net carrying amount for sales of securities	$ 2,724,199	$ 4,998,249
Net realized loss related to sales of securities	$ 12,394	$ 243,023

3) Investments_ Schedule of M_2

3) Investments: Schedule of Major categories of net investment income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gross investment income	$ 13,819,748	$ 13,011,546	$ 41,026,906	$ 40,331,115
Investment Income, Investment Expense	(3,341,182)	(3,370,050)	(9,965,837)	(10,873,223)
Net investment income	10,478,566	9,641,496	31,061,069	29,457,892
Fixed Maturities
Gross investment income	2,563,481	2,481,202	7,596,035	7,521,884
Equity Securities
Gross investment income	74,629	64,214	227,280	176,126
Mortgage Loans Real Estate
Gross investment income	4,558,232	4,240,624	13,187,416	14,016,985
Real Estate
Gross investment income	2,259,064	2,124,138	6,266,286	6,423,996
Policy Student and Other Loans
Gross investment income	113,541	85,044	308,583	296,540
Insurance Assignments
Gross investment income	3,851,804	3,583,964	11,970,755	10,956,651
Other Investments
Gross investment income	0	57,050	106,678	186,594
Cash and Cash Equivalents
Gross investment income	$ 398,997	$ 375,310	$ 1,363,873	$ 752,339

3) Investments_ Net Investment

3) Investments: Net Investment Income - Additional (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Net investment income	$ 10,478,566	$ 9,641,496	$ 31,061,069	$ 29,457,892
Securities on deposit for regulatory authorities	9,070,694		9,070,694		$ 9,220,520
Cemeteries And Mortuaries
Net investment income	$ 102,888	$ 81,486	$ 323,404	$ 287,545

3) Investments_ Commercial Re_2

3) Investments: Commercial Real Estate Held for Investment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Bank and other loans payable	$ 261,034,322	$ 187,521,188
Commercial Real Estate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross	87,696,000	84,880,000
Bank and other loans payable	$ 54,037,000	$ 52,237,000

3) Investments_ Commercial Re_3

3) Investments: Commercial Real Estate Investment (Details)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Real estate held for investment (net of accumulated depreciation)	$ 117,055,398	$ 121,558,222
Commercial Real Estate
Real estate held for investment (net of accumulated depreciation)	$ 93,634,800	$ 92,050,791
Square Footage	770,492	765,692
Commercial Real Estate | Arizona
Real estate held for investment (net of accumulated depreciation)	$ 4,000	$ 4,000
Square Footage	0	0
Commercial Real Estate | Kansas
Real estate held for investment (net of accumulated depreciation)	$ 4,714,777	$ 6,861,898
Square Footage	222,679	222,679
Commercial Real Estate | Louisiana
Real estate held for investment (net of accumulated depreciation)	$ 456,437	$ 467,694
Square Footage	7,063	7,063
Commercial Real Estate | Mississippi
Real estate held for investment (net of accumulated depreciation)	$ 3,288,045	$ 3,329,948
Square Footage	33,821	33,821
Commercial Real Estate | Nevada
Real estate held for investment (net of accumulated depreciation)	$ 655,499	$ 0
Square Footage	4,800	0
Commercial Real Estate | New Mexico
Real estate held for investment (net of accumulated depreciation)	$ 7,000	$ 7,000
Square Footage	0	0
Commercial Real Estate | Texas
Real estate held for investment (net of accumulated depreciation)	$ 300,000	$ 300,000
Square Footage	0	0
Commercial Real Estate | Utah
Real estate held for investment (net of accumulated depreciation)	$ 84,209,042	$ 81,080,251
Square Footage	502,129	502,129

3) Investments_ Residential R_2

3) Investments: Residential Real Estate Held for Investment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Impairment losses on residential real estate held for investment	$ 125,980	$ 0	$ 125,980	$ 147,925
Residential Real Estate
Foreclosed Residential Real Estate included in Residential Real Estate Held for Investment	$ 16,073,000		$ 16,073,000		$ 23,532,000

3) Investments_ Residential R_3

3) Investments: Residential Real Estate Investment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Real estate held for investment (net of accumulated depreciation)	$ 117,055,398	$ 121,558,222
Residential Real Estate
Real estate held for investment (net of accumulated depreciation)	23,420,598	29,507,431
Residential Real Estate | California
Real estate held for investment (net of accumulated depreciation)	1,565,639	2,644,321
Residential Real Estate | Florida
Real estate held for investment (net of accumulated depreciation)	5,158,218	6,534,277
Residential Real Estate | Ohio
Real estate held for investment (net of accumulated depreciation)	10,000	10,000
Residential Real Estate | South Carolina
Real estate held for investment (net of accumulated depreciation)	205,000	0
Residential Real Estate | Tennessee
Real estate held for investment (net of accumulated depreciation)	0	105,260
Residential Real Estate | Texas
Real estate held for investment (net of accumulated depreciation)	0	139,174
Residential Real Estate | Utah
Real estate held for investment (net of accumulated depreciation)	16,005,560	19,598,218
Residential Real Estate | Washington
Real estate held for investment (net of accumulated depreciation)	$ 476,181	$ 476,181

3) Investments_ Real Estate O_2

3) Investments: Real Estate Owned and Occupied by the Company (Details)	Sep. 30, 2019
Corporate Offices, Life Insurance and Cemetery/Mortuary Operations
Approximate Square Footage	36,000
Square Footage Occupied by the Company	100.00%
Mortgage
Approximate Square Footage	36,899
Square Footage Occupied by the Company	34.00%
Life Insurance Operations
Approximate Square Footage	21,521
Square Footage Occupied by the Company	27.00%
Mortgage Sales
Approximate Square Footage	78,978
Square Footage Occupied by the Company	19.00%

3) Investments_ Schedule of A_2

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss	$ 1,301,476	$ 1,347,972	$ 1,768,796
Allowance for credit losses, Charge-offs	(13,804)	(5,725)
Allowance for Credit Losses, Provision	(32,692)	(415,099)
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	30,341	74,185
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,271,135	1,273,787
Mortgage loans	199,176,565	189,088,071
Financing Receivable, Individually Evaluated for Impairment	4,820,805	3,638,824
Financing Receivable, Collectively Evaluated for Impairment	194,355,760	185,449,247
Commercial Loan
Financing Receivable, Allowance for Credit Loss	187,129	187,129	187,129
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	187,129	187,129
Mortgage loans	26,720,812	27,785,927
Financing Receivable, Individually Evaluated for Impairment	0	196,182
Financing Receivable, Collectively Evaluated for Impairment	26,720,812	27,589,745
Residential Mortgage
Financing Receivable, Allowance for Credit Loss	1,071,145	1,125,623	1,546,447
Allowance for credit losses, Charge-offs	(21,786)	(5,725)
Allowance for Credit Losses, Provision	(32,692)	(415,099)
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	30,341	74,185
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,040,804	1,051,438
Mortgage loans	79,853,121	89,935,600
Financing Receivable, Individually Evaluated for Impairment	4,470,805	2,939,651
Financing Receivable, Collectively Evaluated for Impairment	75,382,316	86,995,949
Residential construction
Financing Receivable, Allowance for Credit Loss	43,202	35,220	$ 35,220
Allowance for credit losses, Charge-offs		0
Allowance for Credit Losses, Provision	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	43,202	35,220
Mortgage loans	92,602,632	71,366,544
Financing Receivable, Individually Evaluated for Impairment	350,000	502,991
Financing Receivable, Collectively Evaluated for Impairment	$ 92,252,632	$ 70,863,553

3) Investments_ Schedule of a_3

3) Investments: Schedule of aging of mortgage loans (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2019	Dec. 31, 2018
Mortgage Loans during period		$ 199,176,565	$ 189,088,071
Mortgage Loans, Allowance for Loan Losses		(1,301,476)	(1,347,972)
Mortgage Loans, Unamortized deferred loan fees, net		(1,366,186)	(1,275,030)
Commercial Loan
Mortgage Loans during period		26,720,812	27,785,927
Mortgage Loans, Allowance for Loan Losses		(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(6,647)	32,003
Residential Mortgage
Mortgage Loans during period		79,853,121	89,935,600
Mortgage Loans, Allowance for Loan Losses		(1,071,145)	(1,125,623)
Mortgage Loans, Unamortized deferred loan fees, net		(637,408)	(862,411)
Residential construction
Mortgage Loans during period		92,602,632	71,366,544
Mortgage Loans, Allowance for Loan Losses		(43,202)	(35,220)
Mortgage Loans, Unamortized deferred loan fees, net		(722,131)	(444,622)
Past Due 30 to 59 Days
Mortgage Loans during period		10,179,405	14,487,804
Past Due 30 to 59 Days | Commercial Loan
Mortgage Loans during period		1,500,000	4,588,424
Past Due 30 to 59 Days | Residential Mortgage
Mortgage Loans during period		8,478,442	9,899,380
Past Due 30 to 59 Days | Residential construction
Mortgage Loans during period		200,963	0
Past Due 60 to 89 Days
Mortgage Loans during period		2,183,228	2,312,252
Past Due 60 to 89 Days | Commercial Loan
Mortgage Loans during period		0	0
Past Due 60 to 89 Days | Residential Mortgage
Mortgage Loans during period		1,745,409	2,312,252
Past Due 60 to 89 Days | Residential construction
Mortgage Loans during period		437,819	0
Past Due 90 or More Days
Mortgage Loans during period	[1]	4,009,589	1,911,544
Past Due 90 or More Days | Commercial Loan
Mortgage Loans during period	[1]	0	196,182
Past Due 90 or More Days | Residential Mortgage
Mortgage Loans during period	[1]	3,659,589	1,715,362
Past Due 90 or More Days | Residential construction
Mortgage Loans during period	[1]	350,000	0
In Foreclosure
Mortgage Loans during period	[1]	811,216	1,727,280
In Foreclosure | Commercial Loan
Mortgage Loans during period	[1]	0	0
In Foreclosure | Residential Mortgage
Mortgage Loans during period	[1]	811,216	1,224,289
In Foreclosure | Residential construction
Mortgage Loans during period	[1]	0	502,991
Total Past Due
Mortgage Loans during period		17,183,438	20,438,880
Total Past Due | Commercial Loan
Mortgage Loans during period		1,500,000	4,784,606
Total Past Due | Residential Mortgage
Mortgage Loans during period		14,694,656	15,151,283
Total Past Due | Residential construction
Mortgage Loans during period		988,782	502,991
Current
Mortgage Loans during period		181,993,127	168,649,191
Current | Commercial Loan
Mortgage Loans during period		25,220,812	23,001,321
Current | Residential Mortgage
Mortgage Loans during period		65,158,465	74,784,317
Current | Residential construction
Mortgage Loans during period		91,613,850	70,863,553
Net Mortgage Loans
Mortgage Loans during period		196,508,903	186,465,069
Net Mortgage Loans | Commercial Loan
Mortgage Loans during period		26,527,036	27,630,801
Net Mortgage Loans | Residential Mortgage
Mortgage Loans during period		78,144,568	87,947,566
Net Mortgage Loans | Residential construction
Mortgage Loans during period		$ 91,837,299	$ 70,886,702
[1]	There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

3) Investments_ Schedule of I_2

3) Investments: Schedule of Impaired Mortgage Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Commercial Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 0	$ 196,182
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	502,484	98,023
Commercial Loan | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	196,182
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	196,182
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	502,484	98,023
Residential Mortgage
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	4,196,527	1,612,164
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	3,738,138	2,423,135
Impaired Financing Receivable, with Related Allowance, Recorded Investment	274,278	1,327,487
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	274,278	1,327,487
Impaired Financing Receivable, Related Allowance	30,341	74,185
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	387,687	1,543,416
Residential Mortgage | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	4,470,805	2,939,651
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	4,470,805	2,939,651
Impaired Financing Receivable, Related Allowance	30,341	74,185
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	4,125,825	3,966,551
Residential construction
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	350,000	502,991
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,724,705	675,950
Residential construction | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	350,000	502,991
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	350,000	502,991
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 1,724,705	$ 675,950

3) Investments_ Schedule Of C_2

3) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Mortgage loans	$ 199,176,565	$ 189,088,071
Performing Financing Receivable
Mortgage loans	194,355,760	185,449,247
Nonperforming Financing Receivable
Mortgage loans	4,820,805	3,638,824
Commercial Loan
Mortgage loans	26,720,812	27,785,927
Commercial Loan | Performing Financing Receivable
Mortgage loans	26,720,812	27,589,745
Commercial Loan | Nonperforming Financing Receivable
Mortgage loans	0	196,182
Residential Mortgage
Mortgage loans	79,853,121	89,935,600
Residential Mortgage | Performing Financing Receivable
Mortgage loans	75,382,316	86,995,949
Residential Mortgage | Nonperforming Financing Receivable
Mortgage loans	4,470,805	2,939,651
Residential construction
Mortgage loans	92,602,632	71,366,544
Residential construction | Performing Financing Receivable
Mortgage loans	92,252,632	70,863,553
Residential construction | Nonperforming Financing Receivable
Mortgage loans	$ 350,000	$ 502,991

3) Investments_ Summary of Inte

3) Investments: Summary of Interest not accrued on non-performing mortgage loans (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Interest not accrued on non-performing loans	$ 183,000	$ 151,000

3) Investments_ Schedule of M_3

3) Investments: Schedule of Mortgage loans on a nonaccrual status (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 4,820,805	$ 3,638,824
Commercial
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	0	196,182
Residential Mortgage
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	4,470,805	2,939,651
Residential construction
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 350,000	$ 502,991

4) Loans Held For Sale_ Aggre_2

4) Loans Held For Sale: Aggregate fair value - Loans Held for Sale (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Aggregate Fair Value - Loans Held For Sale	$ 233,713,098	$ 136,210,853
Aggregate unpaid principal balance - Loans Held for Sale	227,842,398	131,663,946
Unrealized gain - Loans Held for Sale	$ 5,870,700	$ 4,546,907

4) Loans Held For Sale_ Sched_3

4) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Mortgage fee income	$ 39,735,752	$ 31,664,704	$ 97,161,190	$ 88,833,944
Loans Held For Sale
Loan fees	8,438,471	7,758,284	22,162,455	21,347,320
Interest and Other Income	2,127,775	1,993,895	5,032,505	4,698,899
Secondary gains	27,574,294	22,315,022	66,434,923	58,633,363
Change in fair value of loan commitments	378,899	94,569	1,915,223	537,696
Change in fair value of loans held for sale	1,411,322	(203,623)	2,065,978	4,563,222
Provision for loan loss reserve	(195,009)	(293,443)	(449,894)	(946,556)
Mortgage fee income	$ 39,735,752	$ 31,664,704	$ 97,161,190	$ 88,833,944

4) Loans Held For Sale_ Sched_4

4) Loans Held For Sale: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Beginning, Loan Loss Reserve	$ 3,604,869	$ 2,571,524
Loan loss reserve, Provisions for losses	449,894	1,148,334
Loan loss reserve, Charge-offs	(172,917)	(114,989)
Ending, Loan Loss Reserve	$ 3,881,846	$ 3,604,869

5) Stock-based Compensation (De

5) Stock-based Compensation (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Share-based Payment Arrangement, Amount Capitalized	$ 65,746	$ 65,037	$ 64,704	$ 58,691	$ 58,053	$ 58,087	$ 195,487	$ 174,831
Unrecognized compensation expense related to the options issued in December 2014	$ 43,169						43,169
Total intrinsic value							$ 112,340	$ 118,003

5) Stock-based Compensation_ _2

5) Stock-based Compensation: Schedule of stock inventive plan changes (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Common Class A
Shares, Outstanding	993,478		1,011,274	838,589	880,426
Shares outstanding	$ 4.50		$ 4.49	$ 4.48	$ 4.35
Shares Granted	2,000	0
Shares Exercised	(19,796)	(36,133)
Shares Cancelled	0	(5,704)
Options Exercisable	955,195			805,902
Options exercisable	$ 4.46			$ 4.46
Available options for future grant	$ 299,351	$ 421,241
Weighted average contractual term of options outstanding	5.40 years	6.05 years
Weighted average contractual term of options exercisable	5.34 years	6.05 years
Aggregated intrinsic value of options outstanding	$ 765,360			$ 867,356
Aggregated intrinsic value of options exercisable	$ 765,360			$ 862,157
Common Class C
Shares, Outstanding	513,466		577,280	523,603	523,603
Shares outstanding	$ 5.33		$ 5.15	$ 5.24	$ 5.24
Shares Granted	0	0
Shares Exercised	(63,814)	0
Shares Cancelled	0	0
Options Exercisable	489,840			505,227
Options exercisable	$ 5.34			$ 5.26
Available options for future grant	$ 146,425	$ 165,638
Weighted average contractual term of options outstanding	3.63 years	2.69 years
Weighted average contractual term of options exercisable	3.37 years	2.45 years
Aggregated intrinsic value of options outstanding	$ 106,646			$ 267,943
Aggregated intrinsic value of options exercisable	$ 106,646			$ 260,592

6) Earnings Per Share_ Schedu_2

6) Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Net earnings	$ 3,617,414	$ 3,480,054	$ 1,930,318	$ 2,013,746	$ 3,238,217	$ 16,925,923	$ 9,027,786	$ 22,177,886
Weighted Average Number of Shares Outstanding, Basic	17,230,987			17,152,656			17,240,745	17,072,531
GrantOfEmployeeStockOptions	$ 189,744			$ 234,670			$ 194,010	$ 222,771
Diluted weighted-average shares outstanding	17,420,731			17,387,326			17,434,755	17,295,302
Earnings Per Share, Basic	$ 0.21			$ 0.12			$ 0.52	$ 1.30
Earnings Per Share, Diluted	$ 0.21			$ 0.12			$ 0.52	$ 1.28

6) Earnings Per Share (Details)

6) Earnings Per Share (Details) - shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Details
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	864,915	589,822

7) Business Segments_ Schedul_2

7) Business Segments: Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue from customers	$ 75,379,659	$ 67,223,093	$ 205,318,676	$ 218,164,328
Segment Reporting Information, Intersegment Revenue	0	0	0	0
Segment Reporting Information, Income Loss Before Income Taxes	4,759,822	2,211,798	11,815,824	27,561,210
Identifiable Assets	1,159,129,796	1,061,483,968	1,159,129,796	1,061,483,968
Goodwill	3,519,588	2,765,570	3,519,588	2,765,570	$ 2,765,570
Total Assets	1,162,649,384	1,064,249,538	1,162,649,384	1,064,249,538	$ 1,050,811,123
Life Insurance Product Line
Revenue from customers	29,824,686	28,962,288	88,937,110	109,198,662
Segment Reporting Information, Intersegment Revenue	1,465,778	1,108,093	3,441,497	2,915,379
Segment Reporting Information, Income Loss Before Income Taxes	1,263,836	2,192,036	4,568,178	28,840,882
Identifiable Assets	941,739,161	920,458,422	941,739,161	920,458,422
Goodwill	2,765,570	2,765,570	2,765,570	2,765,570
Total Assets	944,504,731	923,223,992	944,504,731	923,223,992
Cemetery and Mortuary
Revenue from customers	3,570,419	4,008,943	12,472,711	13,060,357
Segment Reporting Information, Intersegment Revenue	106,638	106,637	336,911	322,675
Segment Reporting Information, Income Loss Before Income Taxes	213,198	781,875	2,421,845	3,714,304
Identifiable Assets	84,250,592	91,084,393	84,250,592	91,084,393
Goodwill	754,018	0	754,018	0
Total Assets	85,004,610	91,084,393	85,004,610	91,084,393
Mortgage
Revenue from customers	41,984,554	34,251,862	103,908,855	95,905,309
Segment Reporting Information, Intersegment Revenue	120,891	117,746	372,170	383,625
Segment Reporting Information, Income Loss Before Income Taxes	3,282,788	(762,113)	4,825,801	(4,993,976)
Identifiable Assets	243,272,631	178,089,215	243,272,631	178,089,215
Goodwill	0	0	0	0
Total Assets	243,272,631	178,089,215	243,272,631	178,089,215
Segment Reconciling Items
Revenue from customers	0	0	0	0
Segment Reporting Information, Intersegment Revenue	(1,693,307)	(1,332,476)	(4,150,578)	(3,621,679)
Segment Reporting Information, Income Loss Before Income Taxes	0	0	0	0
Identifiable Assets	(110,132,588)	(128,148,062)	(110,132,588)	(128,148,062)
Goodwill	0	0	0	0
Total Assets	$ (110,132,588)	$ (128,148,062)	$ (110,132,588)	$ (128,148,062)

8) Fair Value of Financial In_6

8) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Total
Trading Securities, Equity	$ 8,109,778	$ 5,558,611
Available-for-sale Securities	8,109,778	5,558,611
Loans Held-for-sale, Fair Value Disclosure	233,713,098
Restricted assets of cemeteries and mortuaries	1,145,917
Cemetery perpetual care trust investments	908,493	483,353
Derivatives - interest rate lock commitments	4,047,124	1,969,967
Assets, Fair Value Disclosure, Recurring	247,924,410	144,967,457
Derivatives - bank loan interest rate swaps, Call Options	(75,604)	(4,629)
Derivatives - bank loan interest rate swaps, Put Options	(29,547)	(296,053)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	(540,085)	(378,151)
Obligations, Fair Value Disclosure	(645,236)	(678,833)
Restricted assets		744,673
Fair Value, Inputs, Level 1
Trading Securities, Equity	8,109,778	5,558,611
Available-for-sale Securities	8,109,778	5,558,611
Loans Held-for-sale, Fair Value Disclosure	0
Restricted assets of cemeteries and mortuaries	1,145,917
Cemetery perpetual care trust investments	908,493	483,353
Derivatives - interest rate lock commitments	0	0
Assets, Fair Value Disclosure, Recurring	10,164,188	6,786,637
Derivatives - bank loan interest rate swaps, Call Options	(75,604)	(4,629)
Derivatives - bank loan interest rate swaps, Put Options	(29,547)	(296,053)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	0	0
Obligations, Fair Value Disclosure	(105,151)	(300,682)
Restricted assets		744,673
Fair Value, Inputs, Level 2
Trading Securities, Equity	0	0
Available-for-sale Securities	0	0
Loans Held-for-sale, Fair Value Disclosure	0
Restricted assets of cemeteries and mortuaries	0
Cemetery perpetual care trust investments	0	0
Derivatives - interest rate lock commitments	0	0
Assets, Fair Value Disclosure, Recurring	0	0
Derivatives - bank loan interest rate swaps, Call Options	0	0
Derivatives - bank loan interest rate swaps, Put Options	0	0
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	0	0
Obligations, Fair Value Disclosure	0	0
Restricted assets		0
Fair Value, Inputs, Level 3
Trading Securities, Equity	0	0
Available-for-sale Securities	0	0
Loans Held-for-sale, Fair Value Disclosure	233,713,098
Restricted assets of cemeteries and mortuaries	0
Cemetery perpetual care trust investments	0	0
Derivatives - interest rate lock commitments	4,047,124	1,969,967
Assets, Fair Value Disclosure, Recurring	237,760,222	138,180,820
Derivatives - bank loan interest rate swaps, Call Options	0	0
Derivatives - bank loan interest rate swaps, Put Options	0	0
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	(540,085)	(378,151)
Obligations, Fair Value Disclosure	$ (540,085)	(378,151)
Restricted assets		$ 0

8) Fair Value of Financial In_7

8) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Net Derivatives Loan Commitments
Fair Value Balance	$ 3,507,039		$ 1,591,816	$ 1,996,589
Originations	0	$ 0
Sales	0	0
Fair Value, Gains (Losses) included in earnings	1,915,223	(404,773)
Transfer to mortgage loans held for investment		0
Loans Held For Sale
Fair Value Balance	233,713,098		$ 136,210,853	$ 133,414,188
Originations	1,840,552,029	2,194,607,543
Sales	(1,805,713,146)	(2,259,145,473)
Fair Value, Gains (Losses) included in earnings	$ 62,663,362	78,162,392
Transfer to mortgage loans held for investment		$ (10,827,797)

8) Fair Value of Financial In_8

8) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Total
Impaired mortgage loans held for investment	$ 243,937	$ 1,253,302
Impaired real estate held for investment	6,256,277	1,611,384
Assets, Fair Value Disclosure, Nonrecurring	6,500,214	2,864,686
Fair Value, Inputs, Level 1
Impaired mortgage loans held for investment	0	0
Impaired real estate held for investment	0	0
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2
Impaired mortgage loans held for investment	0	0
Impaired real estate held for investment	0	0
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 3
Impaired mortgage loans held for investment	243,937	1,253,302
Impaired real estate held for investment	6,256,277	1,611,384
Assets, Fair Value Disclosure, Nonrecurring	$ 6,500,214	$ 2,864,686

8) Fair Value of Financial In_9

8) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fixed Maturity Securities Held To Maturity
Carrying Value	$ 239,749,797	$ 232,078,723
Estimated Carrying Value	257,437,835	234,750,858
Residential Mortgage
Carrying Value	78,144,568	87,947,566
Estimated Carrying Value	82,208,452	92,503,553
Residential construction
Carrying Value	91,837,299	70,886,702
Estimated Carrying Value	91,837,299	70,886,702
Commercial Loan
Carrying Value	26,527,036	27,630,801
Estimated Carrying Value	27,156,433	28,359,205
Mortgage Loans Net
Carrying Value	196,508,903	186,465,069
Estimated Carrying Value	201,202,184	191,749,460
Policy Loan
Carrying Value	6,344,074	6,424,325
Estimated Carrying Value	6,344,074	6,424,325
Insurance Assignments
Carrying Value	32,909,498	34,146,868
Estimated Carrying Value	32,909,498	34,146,868
Restricted Assets 1
Carrying Value	976,869	1,258,397
Estimated Carrying Value	1,010,581	1,271,687
Restricted Assets 2
Carrying Value	2,265,669	1,799,268
Estimated Carrying Value	2,259,287	1,810,185
Cemetery Perpetual Care Trust Investments
Carrying Value	978,913	990,390
Estimated Carrying Value	1,010,634	983,410
Mortgage Servicing Rights
Carrying Value	16,951,124	20,016,822
Estimated Carrying Value	20,216,363	28,885,316
Bank And Other Loans Payable
Carrying Value	(261,034,322)	(187,521,188)
Estimated Carrying Value	(261,034,322)	(187,521,188)
Policyholder Account Balances
Carrying Value	(45,480,785)	(46,479,853)
Estimated Carrying Value	(36,775,860)	(37,348,289)
Future Policy Benefits Annuities
Carrying Value	(96,259,449)	(98,137,615)
Estimated Carrying Value	(96,537,956)	(97,641,146)
Fair Value, Inputs, Level 1 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Residential Mortgage
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Residential construction
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Commercial Loan
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Mortgage Loans Net
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Policy Loan
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Insurance Assignments
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Restricted Assets 1
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Restricted Assets 2
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Mortgage Servicing Rights
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Bank And Other Loans Payable
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Policyholder Account Balances
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 1 | Future Policy Benefits Annuities
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value	253,688,345	229,668,844
Fair Value, Inputs, Level 2 | Residential Mortgage
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Residential construction
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Commercial Loan
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Mortgage Loans Net
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Policy Loan
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Insurance Assignments
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Restricted Assets 1
Estimated Carrying Value	1,010,581	1,271,687
Fair Value, Inputs, Level 2 | Restricted Assets 2
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value	1,010,634	983,410
Fair Value, Inputs, Level 2 | Mortgage Servicing Rights
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Bank And Other Loans Payable
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Policyholder Account Balances
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 2 | Future Policy Benefits Annuities
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 3 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value	3,749,490	5,082,014
Fair Value, Inputs, Level 3 | Residential Mortgage
Estimated Carrying Value	82,208,452	92,503,553
Fair Value, Inputs, Level 3 | Residential construction
Estimated Carrying Value	91,837,299	70,886,702
Fair Value, Inputs, Level 3 | Commercial Loan
Estimated Carrying Value	27,156,433	28,359,205
Fair Value, Inputs, Level 3 | Mortgage Loans Net
Estimated Carrying Value	201,202,184	191,749,460
Fair Value, Inputs, Level 3 | Policy Loan
Estimated Carrying Value	6,344,074	6,424,325
Fair Value, Inputs, Level 3 | Insurance Assignments
Estimated Carrying Value	32,909,498	34,146,868
Fair Value, Inputs, Level 3 | Restricted Assets 1
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 3 | Restricted Assets 2
Estimated Carrying Value	2,259,287	1,810,185
Fair Value, Inputs, Level 3 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value	0	0
Fair Value, Inputs, Level 3 | Mortgage Servicing Rights
Estimated Carrying Value	20,216,363	28,885,316
Fair Value, Inputs, Level 3 | Bank And Other Loans Payable
Estimated Carrying Value	(261,034,322)	(187,521,188)
Fair Value, Inputs, Level 3 | Policyholder Account Balances
Estimated Carrying Value	(36,775,860)	(37,348,289)
Fair Value, Inputs, Level 3 | Future Policy Benefits Annuities
Estimated Carrying Value	$ (96,537,956)	$ (97,641,146)

10) Derivative Commitments_ S_3

10) Derivative Commitments: Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Loan Commitments
Derivative, Notional Amount	$ 218,687,084	$ 93,758,218
Derivative Asset, Notional Amount	4,047,124	1,969,967
Derivative Liability, Notional Amount	540,085	378,151
Call Options
Derivative, Notional Amount	2,591,700	805,500
Derivative Asset, Notional Amount	0	0
Derivative Liability, Notional Amount	75,604	4,629
Put Options
Derivative, Notional Amount	1,444,490	4,861,700
Derivative Asset, Notional Amount	0	0
Derivative Liability, Notional Amount	29,547	296,053
Net Derivatives Loan Commitments
Derivative, Notional Amount	222,723,274	99,425,418
Derivative Asset, Notional Amount	4,047,124	1,969,967
Derivative Liability, Notional Amount	$ 645,236	$ 678,833

10) Derivative Commitments_ S_4

10) Derivative Commitments: Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Gain (Loss) on Derivatives, Loan Commitments	$ 378,899	$ 94,569	$ 1,915,223	$ 537,696
Gain (Loss) on Derivatives, Call and put options	$ 104,702	$ 83,612	$ 509,639	$ 313,913

11) Reinsurance, Commitments _2

11) Reinsurance, Commitments and Contingencies: Mortgage Loan Loss Settlements (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Funds reserved and accrued to settle investor related claims	$ 3,882,000	$ 3,605,000

11) Reinsurance, Commitments _3

11) Reinsurance, Commitments and Contingencies: Other Contingencies and Commitments (Details)	Sep. 30, 2019USD ($)
Details
Commitments to fund new residential construction loans	$ 123,113,000
Commitments to fund new residential construction loans funded	$ 94,570,000

12) Mortgage Servicing Rights_6

12) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Balance before valuation allowance at beginning of year	$ 20,016,822	$ 21,376,937
MSRs proceeds from loan sales	2,015,872	3,922,816
Amortization	(5,081,570)	(5,282,931)
Application of valuation allowance to write down MSRs with other than temporary impairment	0	0
Balance before valuation allowance at year end	16,951,124	20,016,822
Mortgage servicing rights, net	16,951,124	20,016,822
Estimated fair value of MSRs at end of period	$ 20,216,363	$ 28,885,316

12) Mortgage Servicing Rights_7

12) Mortgage Servicing Rights: Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details)	Sep. 30, 2019USD ($)
Details
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 1,447,366
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,452,834
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,769,028
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,003,819
Finite-Lived Intangible Assets, Amortization Expense, Year Five	2,412,176
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	865,901
Finite-Lived Intangible Assets, Accumulated Amortization	$ 16,951,124

12) Mortgage Servicing Rights_8

12) Mortgage Servicing Rights: Schedule of Other Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income	$ 1,848,504	$ 2,012,241	$ 5,695,407	$ 6,004,798
Contractual Servicing Fees
Other Income	1,765,957	1,905,887	5,433,970	5,670,346
Late Fees
Other Income	$ 82,547	$ 106,354	$ 261,437	$ 334,452

12) Mortgage Servicing Rights_9

12) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Details
Servicing Unpaid Principal Balance	$ 2,754,157,857	$ 2,941,231,563

12) Mortgage Servicing Right_10

12) Mortgage Servicing Rights: Assumptions used in determining MSR value (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Details
Prepayment Speeds	18.00%	11.70%
Average Life in Years of MSR	4.58	6.33
Discount Rate	9.51	9.51

13) Income Taxes (Details)

13) Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Effective Income Tax Rate Reconciliation, Percent	24.00%	9.00%	23.60%	19.50%

14) Revenues From Contracts W_5

14) Revenues From Contracts With Customers: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Receivables (net of allowances for doubtful accounts of $1,597,186 and $1,519,842 for 2019 and 2018)	$ 8,611,105	$ 8,935,343
Deferred pre-need cemetery and mortuary contract revenues	12,901,226	12,508,625
Receivables
Receivables (net of allowances for doubtful accounts of $1,597,186 and $1,519,842 for 2019 and 2018)	2,912,835	2,816,225
Increase (Decrease) in Accounts Receivable	96,610
Contract Asset
Deferred pre-need cemetery and mortuary contract revenues	0	0
Increase (Decrease) in Deferred Revenue	0
Contract Liability
Deferred pre-need cemetery and mortuary contract revenues	12,901,226	$ 12,508,625
Increase (Decrease) in Deferred Revenue	$ 392,601

14) Revenues From Contracts W_6

14) Revenues From Contracts With Customers (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Details
Revenue recognized included in the opening contract liability	$ 884,180	$ 724,097	$ 2,515,278	$ 2,079,157

14) Revenues From Contracts W_7

14) Revenues From Contracts With Customers: Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net mortuary and cemetery sales	$ 3,526,416	$ 3,646,290	$ 11,205,774	$ 10,430,128
Major Goods Or Services Lines, at Need
Net mortuary and cemetery sales	2,888,996	2,772,859	8,883,846	7,973,554
Major Goods Or Services Lines, Pre Need
Net mortuary and cemetery sales	637,420	873,431	2,321,928	2,456,574
Timing Of Revenue Recognition, Goods Transferred At A Point In Time
Net mortuary and cemetery sales	2,371,041	2,448,836	7,515,881	6,934,973
Timing Of Revenue Recognition, Services Transferred At A Point In Time
Net mortuary and cemetery sales	$ 1,155,375	$ 1,197,454	$ 3,689,893	$ 3,495,155

14) Revenues From Contracts W_8

14) Revenues From Contracts With Customers: Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net mortuary and cemetery sales	$ 3,526,416	$ 3,646,290	$ 11,205,774	$ 10,430,128
Gains (losses) on investments and other assets	(519,673)	1,022,427	261,095	25,371,595
Net investment income	10,478,566	9,641,496	31,061,069	29,457,892
Other Revenues	2,326,106	2,608,775	7,124,836	7,430,179
Cemetery and Mortuary
Net mortuary and cemetery sales	3,526,416	3,646,290	11,205,774	10,430,128
Gains (losses) on investments and other assets	(100,685)	245,448	752,412	2,330,701
Net investment income	112,246	56,284	387,617	194,425
Other Revenues	32,442	60,921	126,908	105,103
Revenues from External Customers	$ 3,570,419	$ 4,008,943	$ 12,472,711	$ 13,060,357

15) Acquisitions_ Estimated F_2

15) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Probst Family Funerals and Cremations and Heber Valley Funeral Home
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 53,859
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	2,475,526
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	13,620
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	754,018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	21,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	3,318,823
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	(3,176)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(3,176)
Fair Value of Assets Acquired	3,315,647
Beta Capital Corp
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	890,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	3,405,783
Fair Value of Assets Acquired	3,405,783
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Investments - Insurance Assignments	$ 2,515,783