Security National Financial (SNFCA) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	Jun. 30, 2019	Dec. 31, 2019	Mar. 24, 2020
Registrant CIK		0000318673
Fiscal Year End		--12-31
Registrant Name		SECURITY NATIONAL FINANCIAL CORPORATION
SEC Form		10-K
Period End date		Dec. 31, 2019
Tax Identification Number (TIN)		87-0345941
Public Float	$ 26,000,000
Filer Category		Non-accelerated Filer
Current with reporting		Yes
Interactive Data Current		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Shell Company		false
Small Business		true
Emerging Growth Company		false
Document Annual Report		true
Document Transition Report		false
Entity File Number		000-09341
Entity Incorporation, State or Country Code		UT
Entity Address, Address Line One		123 West Election Road
Entity Address, City or Town		Draper
Entity Address, State or Province		UT
Entity Address, Postal Zip Code		84020
City Area Code		(801)
Local Phone Number		264-1060
Entity Listing, Par Value Per Share	$ 4.78
Amendment Flag		false
Document Fiscal Year Focus		2019
Document Fiscal Period Focus		FY
Common Class A
Number of common stock shares outstanding			16,142,513
Common Class C
Number of common stock shares outstanding			2,489,215

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments:
Available-for-sale Securities	$ 355,977,820	$ 0
Fixed maturity securities, held to maturity, at amortized cost	0	232,078,723
Equity securities at estimated fair value	7,271,165	5,558,611
Mortgage loans held for investment (net of allowances for loan losses of $1,453,037 and $1,347,972 for 2019 and 2018)	236,694,546	186,465,069
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)	102,756,946	121,558,222
Real estate held for sale	14,097,627	0
Other investments and policy loans (net of allowances for doubtful accounts of $1,448,026 and $1,092,528 for 2019 and 2018)	60,245,269	46,617,655
Accrued investment income	4,833,232	3,566,146
Total investments	781,876,605	595,844,426
Cash and cash equivalents	127,754,719	142,199,942
Loans held for sale at estimated fair value	213,457,632	136,210,853
Receivables (net of allowances for doubtful accounts of $1,724,156 and $1,519,842 for 2019 and 2018)	9,236,330	8,935,343
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)	13,935,317	10,981,562
Cemetery perpetual care trust investments (including $2,581,124 and $483,353 for 2019 and 2018 at estimated fair value)	4,411,864	4,335,869
Receivable from reinsurers	15,747,768	10,820,102
Cemetery land and improvements	9,519,950	9,878,427
Deferred plicy and pre-need contract acquisition costs	94,701,920	89,362,096
Mortgage servicing rights, net	17,155,529	20,016,822
Property and equipment, net	14,600,394	7,010,778
Value of business acquired	9,876,647	5,765,190
Goodwill	3,519,588	2,765,570
Other	18,649,812	6,684,143
Total Assets	1,334,444,075	1,050,811,123
Liabilities
Future policy benefits and unpaid claims	825,600,918	620,399,714
Unearned premium reserve	3,621,697	3,920,473
Bank and other loans payable	217,572,612	187,521,188
Deferred pre-need cemetery and mortuary contract revenues	12,607,978	12,508,625
Cemetery Perpetual Care Trust Obligation	3,933,719	3,821,979
Accounts payable	5,056,983	2,883,349
Other liabilities and accrued expenses	50,652,591	31,821,624
Income Taxes	18,686,972	16,122,998
Total liabilities	1,137,733,470	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	46,091,112	41,821,778
Accumulated other comprehensive income, net of taxes	13,726,514	(2,823)
Retained earnings	101,256,229	95,201,732
Treasury stock, at cost - 490,823 Class A shares and -0- Class C shares in 2019; 302,541 Class A shares and -0- Class C shares in 2018	(1,580,582)	(206,396)
Total stockholders' equity	196,710,605	171,811,173
Total Liabilities and Stockholders' Equity	1,334,444,075	1,050,811,123
Common Class A
Stockholders' Equity
Common Stock, Value, Issued	32,215,558	30,609,596
Common Class B
Stockholders' Equity
Common Stock, Value, Issued	0	0
Common Class C
Stockholders' Equity
Common Stock, Value, Issued	$ 5,001,774	$ 4,387,286

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses, Real Estate	$ 1,453,037	$ 1,347,972
Real Estate Investment Property, Accumulated Depreciation	12,788,739	16,739,578
Allowance for Doubtful Accounts, Premiums and Other Receivables	1,448,026	1,092,528
Accounts Receivable, Allowance for Credit Loss	1,724,156	1,519,842
Aggregate Fair Value, Restricted Assets	2,985,347	744,673
Aggregate Fair Value, Cemetary Perpetual Care Trust Investments	$ 2,581,124	$ 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
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	16,107,779	15,304,798
Common Stock, Shares, Outstanding	16,107,779	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	2,500,887	2,193,643
Common Stock, Shares, Outstanding	2,500,887	2,193,643
Treasury Class A
Treasury Stock, Shares	490,823	302,541
Treasury Class C
Treasury Stock, Shares	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Revenues:
Insurance premiums and other considerations		$ 81,860,610	$ 75,928,910
Net investment income		43,019,473	39,913,267
Net mortuary and cemetery sales		15,296,235	13,726,518
Gains on investments and other assets		728,367	23,941,179
Mortgage fee income		131,976,082	116,185,853
Other Revenues		10,180,163	9,923,000
Total revenues		283,060,930	279,618,727
Benefits and expenses:
Death benefits		41,591,057	36,298,789
Surrenders and other policy benefits		3,320,748	2,886,298
Increase in future policy benefits		23,568,497	24,332,088
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		14,634,577	11,631,346
Selling, general and administrative expenses:
Commissions		56,762,891	50,291,352
Personnel		64,221,270	67,368,952
Advertising		4,784,558	4,602,591
Rent and rent related		7,055,456	7,605,375
Depreciation on property and equipment		1,711,369	1,867,001
Costs related to funding mortgage loans		6,278,954	6,423,944
Other		34,922,761	31,014,999
Interest expense		7,386,688	6,956,707
Cost of goods and services sold - cemeteries and mortuaries		2,878,169	2,158,895
Total benefits and expenses		269,116,995	253,438,337
Earnings before income taxes		13,943,935	26,180,390
Income tax expense		(3,050,416)	(4,494,311)
Net earnings		$ 10,893,519	$ 21,686,079
Earnings Per Share, Basic	[1]	$ 0.60	$ 1.21
Earnings Per Share, Diluted	[1]	$ 0.60	$ 1.19
Weighted Average Number of Shares Outstanding, Basic	[1]	18,104,681	17,968,062
Weighted Average Number of Shares Outstanding, Diluted	[1]	18,229,116	18,188,665
[1]	Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Net earnings	$ 10,893,519	$ 21,686,079
Other comprehensive income:
Unrealized gains on fixed maturity securities available for sale	17,315,770	0
Unrealized gains on restricted assets	35,550	0
Unrealized gains on cemetery perpetual care trust investments	29,904	0
Foreign currency translation adjustments	972	(3,761)
Other comprehensive income, before income tax	17,382,196	(3,761)
Income tax benefit (expense)	(3,652,859)	938
Other comprehensive income (loss), net of income tax	13,729,337	(2,823)
Comprehensive income	$ 24,622,856	$ 21,683,256

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	21,686,079	0	21,686,079
Other comprehensive income (loss), net of income tax	0	0	0	(2,823)	0	0	(2,823)
Share-based Payment Arrangement, Amount Capitalized	0	0	237,123	0	0	0	237,123
Exercise of stock options	76,946	0	(19,534)	0	0	0	57,412
Benefit plans funded with treasury stock	0	0	540,713	0	0	940,200	1,480,913
Payments to acquire treasury stock	0	0	0	0	0	(215,521)	(215,521)
Stock dividends	1,461,120	208,914	2,938,434	0	(4,608,468)	0	0
Conversion Class C to Class A	376	(376)	0	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending 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	10,893,519	0	10,893,519
Other comprehensive income (loss), net of income tax	0	0	0	13,729,337	0	0	13,729,337
Share-based Payment Arrangement, Amount Capitalized	0	0	256,996	0	0	0	256,996
Exercise of stock options	65,034	382,886	415,990	0	0	0	863,910
Benefit plans funded with treasury stock	0	0	529,858	0	0	165,702	695,560
Payments to acquire treasury stock	0	0	0	0	0	(1,539,888)	(1,539,888)
Stock dividends	1,534,356	238,174	3,066,490	0	(4,839,022)	0	(2)
Conversion Class C to Class A	6,572	(6,572)	0	0	0	0	0
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2019	$ 32,215,558	$ 5,001,774	$ 46,091,112	$ 13,726,514	$ 101,256,229	$ (1,580,582)	$ 196,710,605

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net earnings	$ 10,893,519	$ 21,686,079
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Gains on investments and other assets	(728,367)	(23,941,179)
Depreciation	5,183,658	5,456,185
Provision for loan losses and doubtful accounts	1,202,688	377,683
Net amortization of deferred fees and costs, premiums and discounts	(887,605)	(1,110,363)
Provision for deferred income taxes	(1,857,897)	(2,605,401)
Policy and pre-need acquisition costs deferred	(19,176,531)	(19,544,569)
Policy and pre-need acquisition costs amortized	13,787,037	10,807,777
Value of business acquired amortized	847,540	823,569
Mortgage servicing rights, additions	(4,194,502)	(3,922,816)
Amortization of mortgage servicing rights	7,055,795	5,282,931
Stock based compensation expense	256,996	237,123
Benefit plans funded with treasury stock	695,560	1,480,913
Change in fair value of loans held for sale	(2,498,097)	(3,736,209)
Originations of loans held for sale	(2,606,839,175)	(2,194,607,543)
Proceeds from sales of loans held for sale	2,580,875,055	2,259,145,473
Net gains on sales of loans held for sale	(80,666,413)	(74,426,183)
Change in assets and liabilities:
Increase (Decrease) in Assets Held-for-sale	358,477	64,506
Future policy benefits and unpaid claims	18,394,928	21,710,347
Increase (Decrease) in Other Current Assets and Liabilities, Net	1,695,259	3,830,947
Net cash provided by (used in) operating activities	(75,602,075)	7,009,270
Cash flows from investing activities:
Purchases of fixed maturity securities	(110,601,438)	(37,488,774)
Calls and maturities of fixed maturity securities	26,624,182	32,993,161
Purchase of equity securities	(3,264,028)	(3,354,274)
Sales of equity securities	2,639,729	2,886,492
Net changes in restricted assets	(1,254,991)	(241,665)
Net changes in cemetery perpetual care trust investments	299,897	1,207,622
Mortgage loans held for investment, other investments and policy loans made	(572,171,590)	(505,060,464)
Payments received for mortgage loans held for investment, other investments and policy loans	556,352,676	535,354,544
Purchases of property and equipment	(1,839,293)	(1,282,704)
Sales of property and equipment	54,496	2,016,156
Purchases of real estate held for investment	(8,572,556)	(29,193,332)
Sales of real estate held for investment	11,614,927	68,875,269
Cash received for reinsurance assumed	158,358,594	0
Cash paid for purchase of subsidiaries, net of cash acquired	(20,141,074)	(3,405,783)
Net cash provided by investing activities	38,099,531	63,306,248
Cash flows from financing activities:
Investment contract receipts	12,141,627	11,571,551
Investment contract withdrawals	(16,911,841)	(15,356,571)
Proceeds from stock options exercised	863,910	57,412
Payments to acquire treasury stock	(1,539,888)	(215,521)
Repayment of bank loans	(236,790,722)	(133,123,024)
Proceeds from bank borrowings	196,610,127	162,653,177
Net change in warehouse line borrowings for loans held for sale	69,928,331	(717,792)
Net change in line of credit borrowings	0	1,250,000
Net cash provided by financing activities	24,301,544	26,119,232
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	(13,201,000)	96,434,750
Restricted Cash and Cash Equivalents, Current	150,936,673	54,501,923
Restricted Cash and Cash Equivalents, Current	137,735,673	150,936,673
Supplemental Cash Flow Information
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	7,284,078	6,878,048
Income Taxes Paid, Net	4,861,318	5,701,565
Non Cash Investing and Financing Activities:
Transfer of loans held for sale to mortgage loans held for investment	31,881,851	10,827,797
Right-of-use assets obtained in exchange for operating lease liabilities	16,544,406	0
Transfer of Cemetery Land and Improvements to Property and Equipment	3,261,259	0
Mortgage loans held for investment foreclosed into real estate held for investment	1,704,015	670,601
Accrued real estate construction costs and retainage	590,256	214,200
Right-of-use assets obtained in exchange for finance lease liabilities	252,763	0
Mortgage loans held for investment foreclosed into receivables	$ 155,347	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows (Continued) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Cash and cash equivalents	$ 127,754,719	$ 142,199,942
Restricted assets	8,674,214	7,179,225
Cemetery perpetual care trust investments	1,306,740	1,557,506
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$ 137,735,673	$ 150,936,673

1) Significant Accounting Polic

1) Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Notes
1) Significant Accounting Policies	1) Significant Accounting Policies General Overview of Business Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three main business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance marketed primarily in the Intermountain West, California and eleven southern states. The cemetery and mortuary segment of the Company consists of eight mortuaries and five cemeteries in Utah and one cemetery in California. The mortgage segment is an approved government and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes and real estate projects primarily in Florida, Nevada, Texas, and Utah. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP). Principles of Consolidation These consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Use of Estimates Management of the Company has made a number of estimates and assumptions related to the reported amounts of assets and liabilities, reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with GAAP. 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. Investments The Company’s management determines the appropriate classifications of investments in fixed maturity securities and equity securities at the acquisition date and re-evaluates the classifications at each balance sheet date. Fixed maturity securities available for sale Fixed maturity securities held to maturity Equity securities Mortgage loans held for investment 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. Real estate held for investment Real estate held for sale Other investments and policy loans Gains and losses on investments (except for equity securities carried at fair value through net earnings) Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. 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. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. Mortgage Fee Income Mortgage fee income consists of origination fees, processing fees, interest income and certain other income related to the origination of mortgage loans held for sale. All revenues and costs are recognized when the mortgage loan is funded and any changes in fair value are shown as a component of mortgage fee income. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. The Company, through its mortgage subsidiaries, sells mortgage loans to third-party investors without recourse unless defects are identified in the representations and warranties made at loan sale. It may be required, however, to repurchase a loan or pay a fee instead of repurchase under certain events, which include the following: · · · · · · · Loan purchase commitments generally specify a date 30 to 45 days after delivery upon which the underlying loans should be settled. Depending on market conditions, these commitment settlement dates can be extended at a cost to the Company. It is the Company's policy to cure any documentation problems regarding such loans at a minimal cost for up to a six-month time period and to pursue efforts to enforce loan purchase commitments from third-party investors concerning the loans. The Company believes that six months allows adequate time to remedy any documentation issues, to enforce purchase commitments, and to exhaust other alternatives. Remedial methods include the following: · Research reasons for rejection, · Provide additional documents, · Request investor exceptions, · Appeal rejection decision to purchase committee, and · Commit to secondary investors. Once purchase commitments have expired and other alternatives to remedy are exhausted, which could be earlier than the six-month time period, the loans are repurchased and transferred to the long-term investment portfolio at the lower of cost or fair value and previously recorded mortgage fee income that was to be received from a third-party investor is written off against the loan loss reserve. Determining Lower of Cost or Fair Value Cost for loans held for sale is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Fair value is often difficult to determine, but is based on the following: · For loans that are committed, the Company uses the commitment price. · For loans that are non-committed that have an active market, the Company uses the market price. · For loans that are non-committed where there is no market but there is a similar product, the Company uses the market value for the similar product. · For loans that are non-committed where no active market exists, the Company determines that the unpaid principal balance best approximates the market value, after considering the fair value of the underlying real estate collateral, estimated future cash flows, and the loan interest rate. The appraised value of the real estate underlying the original mortgage loan adds support to the Company’s determination of fair value because if the loan becomes delinquent, the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loan, thus minimizing credit losses. The majority of loans originated are sold to third-party investors. The amounts expected to be sold to investors are shown on the consolidated balance sheets as loans held for sale. Loan Loss Reserve The loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on loans sold. The Company may be required to reimburse third-party investors for costs associated with early payoff of loans within the first six months of such loans and to repurchase loans where there is a default in any of the first four monthly payments to the investors or, in lieu of repurchase, to pay a negotiated fee to the investors. The Company’s estimates are based upon historical loss experience and the best estimate of the probable loan loss liabilities. Upon completion of a transfer that satisfies the conditions to be accounted for as a sale, the Company initially measures at fair value liabilities incurred in a sale relating to any guarantee or recourse provisions. The Company accrues a monthly allowance for indemnification losses to investors based on total production. This estimate is based on the Company’s historical experience and is included as a component of mortgage fee income. Subsequent updates to the recorded liability from changes in assumptions are recorded in selling, general and administrative expenses. The estimated liability for indemnification losses is included in other liabilities and accrued expenses. The loan loss reserve analysis involves mortgage loans that have been sold to third-party investors, which were believed to have met investor underwriting guidelines at the time of sale, where the Company has received a demand from the investor. There are generally three types of demands: make whole, repurchase, or indemnification. These types of demands are more particularly described as follows: Make whole demand Repurchase demand Indemnification demand The Company believes the allowance for loan losses and the loan loss reserve represent probable loan losses incurred as of the balance sheet date. Additional information related to the Loan Loss Reserve is included in Note 3. Restricted Assets Restricted assets are assets held in a trust account for future mortuary services and merchandise and consist of cash and cash equivalents; participations in mortgage loans held for investment with Security National Life Insurance Company (“Security National Life”); mutual funds carried at estimated fair value; equity securities carried at estimated fair value; and a surplus note with Security National Life (which is eliminated in consolidation). Restricted assets also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company elected to fund its medical benefit safe-harbor limit based on the qualified direct costs, and has included this amount as a component of restricted cash. Cemetery Perpetual Care Trust Investments Cemetery endowment care trusts have been set up for four of the six cemeteries owned by the Company. Of the six cemeteries owned by the Company, four cemeteries are endowment care properties. Under endowment care arrangements a portion of the price for each lot sold is withheld and invested in a portfolio of investments similar to those described in the prior paragraph. The earnings stream from the investments is designed to fund future maintenance and upkeep of the cemetery. Cemetery Land and Improvements The development of a cemetery involves not only the initial acquisition of raw land but the installation of roads, water lines, landscaping and other costs to establish a marketable cemetery lot. The costs of developing the cemetery are shown as an asset on the balance sheet. The amount on the balance sheet is reduced by the total cost assigned to the development of a particular lot when the criterion for recognizing a sale of that lot is met. Deferred Policy Acquisition Costs and Value of Business Acquired Commissions and other costs, net of commission and expense allowances for reinsurance ceded, that vary with and are primarily related to the production of new insurance business have been deferred. Deferred policy acquisition costs (“DAC”) for traditional life insurance are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For interest-sensitive insurance products, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges, investment, mortality and expense margins. This amortization is adjusted when estimates of current or future gross profits to be realized from a group of products are reevaluated. Deferred acquisition costs are written off when policies lapse or are surrendered. When accounting for DAC, the Company considers internal replacements of insurance and investment contracts. An internal replacement is a modification in product benefits, features, rights or coverage that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to contract, or by the election of a feature or coverage within a contract. Modifications that result in a replacement contract that is substantially changed from the replaced contract are accounted for as an extinguishment of the replaced contract. Unamortized DAC, unearned revenue liabilities and deferred sales inducements from the replaced contract are written-off. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract. Value of business acquired is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs. Mortgage Servicing Rights Mortgage Servicing Rights (“MSR”) arise from contractual agreements between the Company and third-party investors (or their agents) when mortgage loans are sold. Under these contracts, the Company is obligated to retain and provide loan servicing functions on loans sold, in exchange for fees and other remuneration. The servicing functions typically performed include, among other responsibilities, collecting and remitting loan payments; responding to borrower inquiries; accounting for principal and interest, holding custodial (impound) funds for payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising the acquisition of real estate owned and property dispositions. The total residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans. The value of MSRs is derived from the net cash flows associated with the servicing contracts. The Company receives a servicing fee of generally about 0.250% annually on the remaining outstanding principal balances of the loans. Based on the result of the cash flow analysis, an asset or liability is recorded for mortgage servicing rights. The servicing fees are collected from the monthly payments made by the mortgagors. The Company generally receives other remuneration including rights to various mortgagor-contracted fees such as late charges, and collateral reconveyance charges and the Company is generally entitled to retain the interest earned on funds held pending remittance of mortgagor principal, interest, tax and insurance payments. Contractual servicing fees and late fees are included in other revenues on the consolidated statements of earnings. The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with initial term of 30 years and MSRs backed by mortgage loans with initial term of 15 years. The Company distinguishes between these classes of MSRs due to their differing sensitivities to change in value as the result of changes in market. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. 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. Interest rate risk, prepayment risk, and default risk are inherent risks in MSR valuation. Interest rate changes largely drive prepayment rates. Refinance activity generally increases as rates decline. A significant decrease in rates beyond expectation could cause a decline in the value of the MSR. On the contrary, if rates increase borrowers are less likely to refinance or prepay their mortgage, which extends the duration of the loan and MSR values are likely to rise. Because of these risks, discount rates and prepayment speeds are used to estimate the fair value. 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. Property and Equipment Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method over the estimated useful lives of the assets which range from three to forty years. Leasehold improvements paid for by the Company as a lessee are amortized over the lesser of the useful life or remaining lease terms. Long-lived Assets Long-lived assets to be held and used, including property and equipment and real estate held for investment, are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset, and long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. No impairment of long-lived assets has been recognized in the accompanying financial statements except for certain impairments of real estate held for investment as disclosed in Note 2. 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 consolidated balance sheets. Call and Put Option Derivatives 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 recognizes a gain from the expired 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 treated 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 realized gains (losses) on investments and other assets. Call and put options are shown in other liabilities and accrued expenses on the consolidated balance sheets. Allowance for Doubtful Accounts and Loan Losses and Impaired Loans The Company records an allowance and recognizes an expense for potential losses from mortgage loans held for investment, other investments and receivables in accordance with GAAP. Receivables are the result of cemetery and mortuary operations, mortgage loan operations and life insurance operations. The allowance is based upon the Company’s historical experience for collectively evaluated impairment. Other allowances are based upon receivables individually evaluated for impairment. Collectability of the cemetery and mortuary receivables is significantly influenced by current economic conditions. The critical issues that impact recovery of mortgage loan operations are interest rate risk, loan underwriting, new regulations and the overall economy. The Company provides 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. See the schedules in Note 2 for additional information. In addition, when a mortgage loan is past due more than 90 days, the Company does not accrue any interest income. When a loan becomes delinquent, the Company proceeds to foreclose on the real estate and all expenses for foreclosure are expensed as incurred. Once foreclosed, an adjustment for the lower of cost or fair value is made, if necessary, and the amount is classified as real estate held for investment. The Company will rent the properties until it is deemed desirable to sell them. 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) Future Policy Benefits and Unpaid Claims Future policy benefit reserves for traditional life insurance are computed using a net level method, including assumptions as to investment yields, mortality, morbidity, withdrawals, and other assumptions based on the life insurance subsidiaries’ experience, modified as necessary to give effect to anticipated trends and to include provisions for possible unfavorable deviations. Such liabilities are, for some plans, graded to equal statutory values or cash values at or prior to maturity, which are deemed a reasonable equivalent for GAAP. The range of assumed interest rates for all traditional life insurance policy reserves was 4% to 10%. Benefit reserves for traditional limited-payment life insurance policies include the deferred portion of the premiums received during the premium-paying period. Deferred premiums are recognized as income over the life of the policies. Policy benefit claims are charged to expense in the period the claims are incurred. Increases in future policy benefits are charged to expense. 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 3% to 6.5%. The Company records an unpaid claims liability for claims in the course of settlement equal to the death benefit amount less any reinsurance recoverable amount for claims reported. There is also an unpaid claims liability for claims incurred but not reported. This liability is based on the historical experience of the net amount of claims that were reported in reporting periods subsequent to the reporting period when claims were incurred. Participating Insurance Participating business constituted 2% of insurance in force for the years ended 2019 and 2018. The provision for policyholders’ dividends included in policyholder obligations is based on dividend scales anticipated by management. Amounts to be paid are determined by the Board of Directors. Recognition of Insurance Premiums and Other Considerations Premiums and other consideration for traditional life insurance products (which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited payment life insurance policies, and certain annuities with life contingencies) are recognized as revenues when due from policyholders. Premiums and other consideration for interest-sensitive insurance policies (which include universal life policies, interest-sensitive life policies, deferred annuities, and annuities without life contingencies) are recognized when earned and consist of amounts assessed against policyholder account balances during the period for policy administration charges and surrender charges. Reinsurance The Company follows the procedure of reinsuring risks in excess of $100,000 to provide for greater diversification of business to allow management to control exposure to potential losses arising from large risks, and provide additional capacity for growth. The Company remains liable for amounts ceded in the event the reinsurers are unable to meet their obligations. The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100% of the risk for certain life insurance policies and certain other policy-related liabilities of the insurance company. Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Expense allowances received in connection with reinsurance ceded are accounted for as a reduction of the related policy acquisition costs and are deferred and amortized accordingly. Pre-need Sales and Costs Pre-need contract sales of funeral services and caskets Sales of cemetery interment rights (cemetery burial property) Pre-need contract sales of cemetery merchandise (primarily markers and vaults) Pre-need contract sales of cemetery services (primarily merchandise delivery, installation fees and burial opening and closing fees) Prearranged funeral and pre-need cemetery customer acquisition costs Revenues and costs for at-need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant obligations remaining. The Company, through its cemetery and mortuary operations, provides guaranteed funeral arrangements wherein a prospective customer can receive future goods and services at guaranteed prices. To accomplish this, the Company, through its life insurance operations, sells to the customer an increasing benefit life insurance policy that is assigned to the mortuaries. If, at the time of need, the policyholder/potential mortuary customer utilizes one of the Company’s facilities, the guaranteed funeral arrangement contract that has been assigned will provide the funeral goods and services at the contracted price. The increasing life insurance policy will cover the difference between the original contract prices and current prices. Risks may arise if the difference cannot be fully met by the life insurance policy. However, management believes that given current inflation rates and related price increases of goods and services, the risk of exposure is minimal. Goodwill Previous acquisitions have been accounted for as purchases under which assets acquired and liabilities assumed were recorded at their fair values with the excess purchase price recognized as goodwill. The Company evaluates annually or when changes in circumstances warrant the recoverability of goodwill and if there is a decrease in value, the related impairment is recognized as a charge against income. No impairment of goodwill has been recognized in the accompanying financial statements. Other Intangibles (trade name and customer lists) Other intangibles are recognized apart

2) Investments

2) Investments	12 Months Ended
	Dec. 31, 2019
Notes
2) Investments	2) Investments The Company’s investments as of December 31, 2019 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2019 Fixed maturity securities available for sale at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 142,740,641 $ 632,185 $ (25,215) $ 143,347,611 Obligations of states and political subdivisions 7,450,366 87,812 (9,026) 7,529,152 Corporate securities including public utilities 156,599,184 16,768,449 (463,413) 172,904,220 Mortgage-backed securities 31,475,280 597,395 (240,177) 31,832,498 Redeemable preferred stock 364,339 - - 364,339 Total fixed maturity securities available for sale $ 338,629,810 $ 18,085,841 $ (737,831) $ 355,977,820 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,900,537 $ 1,139,799 $ (769,171) $ 7,271,165 Total equity securities at estimated fair value $ 6,900,537 $ 1,139,799 $ (769,171) $ 7,271,165 Mortgage loans held for investment at amortized cost: Residential $ 113,043,965 Residential construction 89,430,237 Commercial 38,718,220 Less: Unamortized deferred loan fees, net (2,391,567) Less: Allowance for loan losses (1,453,037) Less: Net discounts (653,272) Total mortgage loans held for investment $ 236,694,546 Real estate held for investment - net of accumulated depreciation: Residential $ 12,530,306 Commercial 90,226,640 Total real estate held for investment $ 102,756,946 Real estate held for sale: Residential $ 8,021,306 Commercial 6,076,321 Total real estate held for sale $ 14,097,627 Other investments and policy loans at amortized cost: Policy loans $ 14,762,805 Insurance assignments 41,062,965 Federal Home Loan Bank stock (1) 894,300 Other investments 4,973,225 Less: Allowance for doubtful accounts (1,448,026) Total policy loans and other investments $ 60,245,269 Accrued investment income $ 4,833,232 Total investments $ 781,876,605 (1) Includes $894,300 of Membership stock and $-0- of Activity stock due to short-term borrowings. The Company’s investments as of December 31, 2018 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2018 Fixed maturity securities held to maturity at amortized cost: 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 policy loans and other investments $ 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 On December 31, 2019, the Company changed the classification of its bond and preferred stock investments from held to maturity to available for sale based on the Company’s need to be able to respond proactively to market risks in managing its portfolio. Such investments are carried at fair value with any unrealized gains and losses reported as a component of other accumulated comprehensive income or loss. At the date of the transfer, the carrying value of the Company’s held to maturity securities was $338,629,810, and net unrealized gains of $17,315,770 were recognized in accumulated other comprehensive income. The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at December 31, 2019 and carried at amortized cost at 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 December 31, 2019 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 20,211 $ 30,629,288 $ 5,004 $ 10,000,400 $ 25,215 $ 40,629,688 Obligations of States and Political Subdivisions 9,026 3,062,889 - - 9,026 3,062,889 Corporate Securities 118,746 7,184,311 344,667 3,950,509 463,413 11,134,820 Mortgage and other asset-backed securities 205,470 13,266,443 34,707 502,769 240,177 13,769,212 Total unrealized losses $ 353,453 $ 54,142,931 $ 384,378 $ 14,453,678 $ 737,831 $ 68,596,609 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 93 securities with fair value of 98.9% of amortized cost at December 31, 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 years ended December 31, 2019 and 2018. On a quarterly basis, the Company evaluates its fixed maturity securities classified as available for sale or 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 at December 31, 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 Estimated Fair Cost Value Due in 1 year $ 104,805,927 $ 104,845,243 Due in 2-5 years 67,412,618 69,126,500 Due in 5-10 years 71,110,341 76,249,550 Due in more than 10 years 63,461,305 73,559,690 Mortgage-backed securities 31,475,280 31,832,498 Redeemable preferred stock 364,339 364,339 Total held to maturity $ 338,629,810 $ 355,977,820 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company pledged a total of $60,000,000, par value, of United States Treasury fixed maturity securities with the FHLB at December 31, 2019. These securities are used as collateral on any cash borrowings from the FHLB. As of December 31, 2019, the Company did not have any outstanding amounts owed to the FHLB and its estimated maximum borrowing capacity was $57,727,738. Investment Related Earnings The Company’s net realized gains and losses from sales, calls, and maturities, and other than temporary impairments from investments and other assets for the years ended December 31 are summarized as follows: 2019 2018 Fixed maturity securities held to maturity: Gross realized gains $ 459,286 $ 522,937 Gross realized losses (162,649) (669,303) Equity securities: Gains (losses) on securities sold 256,520 (173,413) Unrealized gains (losses) on securities held at the end of the period 1,086,116 (1,053,756) Other assets: Gross realized gains 2,844,673 26,553,814 (1) Gross realized losses (3,755,579) (1,239,100) Total $ 728,367 $ 23,941,179 (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 $4,950,041 and $5,808,244, for the years ended December 31, 2019 and 2018, respectively. The net realized gain related to these sales was $43,039, for the year ended December 31, 2019, and the net realized loss related to these sales was $268,823, for the year ended December 31, 2018. Major categories of net investment income for the years ended December 31, were as follows: 2019 2018 Fixed maturity securities $ 10,372,559 $ 10,041,349 Equity securities 309,918 233,555 Mortgage loans held for investment 18,405,010 18,716,226 Real estate held for investment and sale 8,782,959 8,375,257 Policy loans 554,969 409,589 Insurance assignments 16,086,059 14,771,336 Other investments 184,439 227,930 Cash and cash equivalents 1,824,443 1,264,611 Gross investment income 56,520,356 54,039,853 Investment expenses (13,500,883) (14,126,586) Net investment income $ 43,019,473 $ 39,913,267 Net investment income includes net investment income earned by the restricted assets of the cemeteries and mortuaries of $448,754 and $386,659 for the years ended December 31, 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 for regulatory authorities as required by law amounted to $9,633,818 and $9,220,520 at December 31, 2019 and 2018, respectively. The restricted securities are included in various assets under investments on the accompanying 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 December 31, 2019, other than investments issued or guaranteed by the United States Government. Real Estate Held for Investment and Held for Sale 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 segments in the form of acquisition, development and mortgage foreclosures. The Company reports real estate held for investment and held for sale pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. Commercial Real Estate Held for Investment and Held for Sale 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 assets that provide operational efficiencies. The Company currently owns and operates 16 commercial properties in 5 states. These properties include industrial warehouses, office buildings, retail centers, 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 does use debt in strategic cases to leverage established yields or to acquire a higher quality or different class of asset. See Note 20 regarding commercial real estate held for investment in Louisiana acquired with the acquisition of Kilpatrick Life Insurance Company. The aggregated net ending balance of commercial real estate that serves as collateral for bank borrowings was approximately $87,815,000 and $84,880,000 as of December 31, 2019 and 2018, respectively. The associated bank loan carrying values totaled approximately $54,917,000 and $52,237,000 as of December 31, 2019 and 2018, respectively. During the years ended December 31, 2019 and 2018, the Company recorded impairment losses on commercial real estate held for investment of $2,768,979 and $-0-, respectively. The impairment loss of $2,768,979 recognized relates to an office building in Kansas held by the life insurance segment for which the Company received an unsolicited bid 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. The Company performed an impairment analysis internally and obtained an independent appraisal from an outside commercial real estate valuation firm, concluding that the fair value of the building was less than its carrying value. This office building was recently listed for sale and is included in commercial real estate held for sale. This impairment loss is included in gains (losses) on investments and other assets on the consolidated statements of earnings. The Company’s commercial real estate held for investment for the years ended December 31, is summarized as follows: Net Ending Balance Total Square Footage 2019 2018 2019 2018 Arizona $ - $ 4,000 (1) - - Kansas - 6,861,898 - 222,679 Louisiana 6,009,079 467,694 125,114 7,063 Mississippi 2,951,478 3,329,948 21,521 33,821 New Mexico - 7,000 (1) - - Texas - 300,000 (2) - - Utah 81,266,083 (3) 81,080,251 465,230 502,129 $ 90,226,640 $ 92,050,791 611,865 765,692 (1) Undeveloped Land (2) Improved commercial pad (3) Includes Center53 phase 1 completed in July 2017 The Company’s commercial real estate held for sale for the years ended December 31, is summarized as follows: Net Ending Balance Total Square Footage 2019 2018 2019 2018 Arizona $ 2,500 (1) $ - - - Kansas 4,800,000 - 222,679 - Mississippi 318,322 - 12,300 - Nevada 655,499 - 4,800 - Texas 300,000 (2) - - - $ 6,076,321 $ - 239,779 - (1) Undeveloped land (2) Improved commercial pad These properties are all actively being marketed with the assistance of commercial real estate brokers in the markets where the properties are located. The Company expects these properties to sell within the coming 12 months. Residential Real Estate Held for Investment and Held for Sale 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 also invests in residential subdivision developments. 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 December 31, 2019, SNRE manages 38 residential properties in 6 states across the United States. During the years ended December 31, 2019 and 2018, the Company recorded impairment losses on residential real estate held for investment of $700,134 and $486,457, respectively. These impairment losses are included in gains (losses) on investments and other assets on the consolidated statements of earnings. The net ending balance of foreclosed residential real estate included in residential real estate held for investment is approximately $12,434,000 and $23,532,000 as of December 31, 2019 and 2018, respectively. The Company’s residential real estate held for investment for the years ended December 31, is summarized as follows: Net Ending Balance 2019 2018 California $ - $ 2,644,321 Florida 2,487,723 6,534,277 Nevada 293,516 - Ohio - 10,000 Oklahoma - - Tennessee - 105,260 Texas - 139,174 Utah 9,462,886 (1) 19,598,218 (1) Washington 286,181 476,181 $ 12,530,306 $ 29,507,431 (1) Includes subdivision developments The Company’s residential real estate held for sale for the years ended December 31, is summarized as follows: Net Ending Balance 2019 2018 California 640,452 - Florida 1,300,641 - Ohio 10,000 - Utah 5,880,213 - Washington 190,000 - $ 8,021,306 $ - These properties are all actively being marketed with the assistance of residential real estate brokers in the markets where the properties are located. The Company expects these properties to sell within the coming 12 months. Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the commercial real estate owned by the Company. As of December 31, 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 121 W. Election Rd., Draper, UT Corporate Offices, Life Insurance and Cemetery/Mortuary Operations 78,979 18% 5201 Green Street, Salt Lake City, UT (1) Life Insurance and Mortgage Operations 39,157 73% 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 19,694 28% 1818 Marshall Street, Shreveport, LA (1)(2) Life Insurance Operations 12,274 100% 909 Foisy Street, Alexandria, LA (1)(2) Life Insurance Sales 8,059 100% 812 Sheppard Street, Minden, LA (1)(2) Life Insurance Sales 1,560 100% 1550 N 3rd Street, Jena, LA (1)(2) Life Insurance Sales 1,737 100% Mortgage Loans Held for Investment The Company reports mortgage loans held for investment pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. 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 December 31, 2019, the Company had 48%, 16%, 10%, 6%, 6% and 5% of its mortgage loans from borrowers located in the states of Utah, Florida, Texas, California, Nevada and Arizona, respectively. The Company establishes a valuation allowance for credit losses in its portfolio. The following is a summary of the allowance for loan losses as a contra-asset account for the periods presented: Allowance for Credit Losses and Recorded Investment in Mortgage Loans Held for Investment Years Ended December 31 Commercial Residential Residential Construction Total 2019 Allowance for credit losses: Beginning balance $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Charge-offs - (32,692) - (32,692) Provision - 129,775 7,982 137,757 Ending balance $ 187,129 $ 1,222,706 $ 43,202 $ 1,453,037 Ending balance: individually evaluated for impairment $ - $ 195,993 $ - $ 195,993 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,026,713 $ 43,202 $ 1,257,044 Mortgage loans: Ending balance $ 38,718,220 $ 113,043,965 $ 89,430,237 $ 241,192,422 Ending balance: individually evaluated for impairment $ 4,488,719 $ 3,752,207 $ 655,000 $ 8,895,926 Ending balance: collectively evaluated for impairment $ 34,229,501 $ 109,291,758 $ 88,775,237 $ 232,296,496 2018 Allowance for credit losses: Beginning balance $ 187,129 $ 1,546,447 $ 35,220 $ 1,768,796 Charge-offs - (5,725) - (5,725) Provision - (415,099) - (415,099) Ending balance $ 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 held for investment for the periods presented. Age Analysis of Past Due Mortgage Loans Held for Investment Years Ended December 31 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 Unamortized discounts, net Net Mortgage Loans 2019 Commercial $ 1,872,000 $ - $ 4,488,719 $ - $ 6,360,719 $ 32,357,501 $ 38,718,220 $ (187,129) $ (88,918) $ (653,272) $ 37,788,901 Residential 10,609,296 4,085,767 2,100,742 1,651,465 18,447,270 94,596,695 113,043,965 (1,222,706) (1,567,581) - 110,253,678 Residential Construction - - 655,000 - 655,000 88,775,237 89,430,237 (43,202) (735,068) - 88,651,967 Total $ 12,481,296 $ 4,085,767 $ 7,244,461 $ 1,651,465 $ 25,462,989 $ 215,729,433 $ 241,192,422 $ (1,453,037) $ (2,391,567) $ (653,272) $ 236,694,546 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) There was not any interest income recognized on loans past due greater than 90 days or in foreclosure. Impaired Mortgage Loans Held for Investment Impaired mortgage loans held for investment 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 Years Ended December 31 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized 2019 With no related allowance recorded: Commercial $ 4,488,719 $ 4,488,719 $ - $ 1,499,043 $ - Residential 2,254,189 2,254,189 - 3,367,151 - Residential construction 655,000 655,000 - 1,457,278 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,498,018 1,498,018 195,993 665,270 - Residential construction - - - - - Total: Commercial $ 4,488,719 $ 4,488,719 $ - $ 1,499,043 $ - Residential 3,752,207 3,752,207 195,993 4,032,421 - Residential construction 655,000 655,000 - 1,457,278 - 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 Years Ended December 31 Commercial Residential Residential Construction Total 2019 2018 2019 2018 2019 2018 2019 2018 Performing $ 34,229,501 $ 27,589,745 $ 109,291,758 $ 86,995,949 $ 88,775,237 $ 70,863,553 $ 232,296,496 $ 185,449,247 Non-performing 4,488,719 196,182 3,752,207 2,939,651 655,000 502,991 8,895,926 3,638,824 Total $ 38,718,220 $ 27,785,927 $ 113,043,965 $ 89,935,600 $ 89,430,237 $ 71,366,544 $ 241,192,422 $ 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 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 $203,000 and $151,000 as of December 31, 2019 and 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 Years Ended December 31 2019 2018 Commercial $ 4,488,719 $ 196,182 Residential 3,752,207 2,939,651 Residential construction 655,000 502,991 Total $ 8,895,926 $ 3,638,824 Principal Amounts Due The amortized cost and contractual payments on mortgage loans held for investment by category as of December 31, 2019 are shown below. Expected principal payments may differ from contractual obligations because certain borrowers may elect to pay off mortgage obligations with or without early payment penalties. Principal Principal Principal Amounts Amounts Amounts Due in Due in Due Total 1 Year 2-5 Years Thereafter Residential $ 113,043,965 $ 6,234,913 $ 27,161,628 $ 79,647,424 Residential Construction 89,430,237 $ 60,376,688 $ 29,053,549 - Commercial 38,718,220 24,175,464 4,020,999 10,521,757 Total $ 241,192,422 $ 90,787,065 $ 60,236,176 $ 90,169,181

3) Loans Held For Sale

3) Loans Held For Sale	12 Months Ended
	Dec. 31, 2019
Notes
3) Loans Held For Sale	3) Loans Held for Sale The Company has elected the fair value option for loans held for sale as disclosed in Note 1. 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 consolidated statement of earnings. There are five loans with an aggregate unpaid principal balance of $1,130,028 that are 90 or more days past due and on a nonaccrual status as of December 31, 2019. See Note 17 of the Notes to 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 December 31 2019 As of December 31 2018 Aggregate fair value $ 213,457,632 $ 136,210,853 Unpaid principal balance 206,417,122 131,663,946 Unrealized gain 7,040,510 4,546,907 8) 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 for the years ended December 31, were as follows: 2019 2018 Loan fees $ 28,660,966 $ 27,429,237 Interest income 6,978,930 6,156,796 Secondary gains 93,581,956 80,416,718 Change in fair value of loan commitments 899,417 (404,773) Change in fair value of loans held for sale 2,498,097 3,736,209 Provision for loan loss reserve (643,284) (1,148,334) Mortgage fee income $ 131,976,082 $ 116,185,853 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 which is included in other liabilities and accrued expenses: December 31 2019 2018 Balance, beginning of period $ 3,604,869 $ 2,571,524 Provision for current loan originations (1) 643,284 1,148,334 Charge-offs, net of recaptured amounts (201,865) (114,989) Balance, at December 31 $ 4,046,288 $ 3,604,869 (1) Included in Mortgage fee income The Company maintains reserves for estimated losses on current production volumes. The Company also retains loss reserves for loans that the Company originated between 2005 and 2007, in which the possibility of an investor claim or potential settlement may still exist. During 2019, reserves were added at a rate of 2.5 basis points per loan originated, the equivalent of $250 per $1,000,000 in loans originated. During 2018, reserves were added at an average rate of 5.0 basis points per loan originated. Based on the Company’s best estimate for potential loan losses and considering published industry data, loss reserve basis points are established to create an adequate reserve. The reserve is intended to cover both expected losses on recent period loan production and possible losses on earlier loans that were sold. The strong housing market over the last several years has reduced the Company’s exposure to losses on more recent loan production, but exposure still remains on older loans. During the period from 2006 to 2019, over $60 million has been reserved for loan losses. A large majority of that reserve has been used to settle investor claims or potential claims on alternative documentation loans originated between 2005 to 2007. As the time since the origination of these loans has increased, estimating the potential of a claim being made, when it might be made, the validity of the claim, and the amount of such claim becomes more difficult. However, because some loans remain from the original 2005 to 2007 time period that have not been settled, the Company still includes a reserve for the potential of future loan demands and potential settlements of such loans. As of December 31, 2019, the loan loss reserve includes an estimate of approximately $3,000,000 for remaining losses still to be settled on loans from this time period with a general reserve for more recent loan production. Thus, the Company believes that the final loan loss reserve as of December 31, 2019, represents its best estimate for adequate loss reserves on loans sold. The Company believes that actual loan loss experience could change in the near-term from the established reserve based upon claims that could be asserted by a third-party investor. The Company believes there is potential to resolve any alleged claims by a third-party investor 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.

4) Receivables

4) Receivables	12 Months Ended
	Dec. 31, 2019
Notes
4) Receivables	4) Receivables Receivables consist of the following: December 31 2019 2018 Trade contracts $ 2,795,471 $ 2,816,225 Receivables from sales agents 2,962,571 3,079,688 Other 5,202,444 4,559,272 Total receivables 10,960,486 10,455,185 Allowance for doubtful accounts (1,724,156) (1,519,842) Net receivables $ 9,236,330 $ 8,935,343

5) Value of Business Acquired,

5) Value of Business Acquired, Instangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2019
Notes
5) Value of Business Acquired, Instangible Assets and Goodwill	5) Value of Business Acquired, Intangible Assets and Goodwill Information with regard to value of business acquired was as follows: December 31 2019 2018 Balance at beginning of year $ 5,765,190 $ 6,588,759 Value of business acquired 4,962,831 (1) - Imputed interest at 7% included in earnings 472,916 421,122 Amortization included in earnings (1,320,456) (1,244,691) Shadow amortization included in other comprehensive income (3,834) - Net amortization (851,374) (823,569) Balance at end of year $ 9,876,647 $ 5,765,190 (1) See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company Presuming no additional acquisitions, net amortization charged to income is expected to approximate $1,194,000, $1,065,000, $985,000, $916,000, and $845,000 for the years 2020 through 2025 . Actual amortization may vary based on changes in assumptions or experience. As of December 31, 2019, value of business acquired is being amortized over a weighted average life of 6.8 years. The carrying value of the Company’s intangible assets were as follows: December 31 Useful Life 2019 2018 Intangible asset - customer lists 15 years $ 890,000 (1) $ 890,000 (1) Intangible asset - trade name 15 years $ 610,000 (2) $ - Less accumulated amortization (98,222) (34,611) Balance at end of year $ 1,401,778 $ 855,389 (1) See Note 20 regarding the acquisition of Beta Capital Corp. (2) See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company Information regarding goodwill by segment was as follows: Life Insurance Cemetery/Mortuary Total Balance at January 1, 2018: Goodwill $ 2,765,570 $ - $ 2,765,570 Accumulated impairment - - - Total goodwill, net 2,765,570 - 2,765,570 Balance at December 31, 2018: Goodwill 2,765,570 - 2,765,570 Accumulated impairment - - - Total goodwill, net 2,765,570 - 2,765,570 Acquisition - 754,018 (1) 754,018 Balance at December 31, 2019: Goodwill 2,765,570 754,018 3,519,588 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 754,018 $ 3,519,588 (1) See Note 20 regarding the acquisition of Probst Family Funerals and Cremations and Heber Valley Funeral Home Goodwill of $3,519,588 is not amortized but is tested annually for impairment. The annual impairment tests resulted in no impairment of goodwill for the years ended December 31, 2019 and 2018.

6) Property and Equipment

6) Property and Equipment	12 Months Ended
	Dec. 31, 2019
Notes
6) Property and Equipment	6) Property and Equipment The cost of property and equipment is summarized below: December 31 2019 2018 Land and buildings $ 15,131,301 $ 7,775,922 Furniture and equipment 18,987,984 16,731,457 34,119,285 24,507,379 Less accumulated depreciation (19,518,891) (17,496,601) Total $ 14,600,394 $ 7,010,778 Depreciation expense for the years ended December 31, 2019 and 2018 was $1,711,369 and $1,867,001, respectively. During 2019, the Company transferred $3,261,259 from real estate held for investment to property and equipment. This transfer is shown as a non cash item on the consolidated statements of cash flows. See Note 20 for additional information regarding property and equipment acquired through acquisitions.

7) Bank and Other Loans Payable

7) Bank and Other Loans Payable	12 Months Ended
	Dec. 31, 2019
Notes
7) Bank and Other Loans Payable	7) Bank and other loans payable are summarized as follows: December 31 2019 2018 2.25% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate note payable in monthly principal payments of $13,167 plus interest, collateralized by real property with a book value of approximately $4,244,000, due September 2021. $ 2,659,769 $ 2,817,775 4.27% fixed note payable in monthly installments of $53,881 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2021. 1,238,619 1,817,905 Prime rate note payable in monthly installments of $75,108 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2024. 4,000,000 - 4.40% fixed note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,923,000, due January 2026. 7,247,651 7,492,140 4.329% fixed note payable in monthly installments of $9,775 including principal and interest, collateralized by real property with a book value of approximately $3,261,000, due September 2025. 1,896,450 1,929,725 2.5% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate construction loan payable in monthly principal payments of $113,000 plus interest, collateralized by real property with a book value of approximately $49,378,000, due August 2020. 33,811,559 30,796,861 4.7865% fixed interest only note payable in monthly installments, collateralized by real property with a book value of approximately $18,009,000, due June 2028. 9,200,000 9,200,000 1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures June 2020. 88,509,536 60,438,156 1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures September 2020. 67,537,600 25,680,649 Other short-term borrowings (1) 1,250,000 47,250,000 Finance lease liabilities 153,439 - Other loans payable 67,989 97,977 Total bank and other loans 217,572,612 187,521,188 Less current installments 192,985,602 165,219,632 Bank and other loans, excluding current installments $ 24,587,010 $ 22,301,556 (1) Federal Home Loan Bank and Revolving Lines of Credit Sources of Liquidity Federal Home Loan Bank Membership The Federal Home Loan Banks (“the FHLBs”) are a group of cooperatives that lending institutions use to finance housing and economic development in local communities. The Company is a member of the FHLB based in Des Moines, Iowa and based in Dallas, Texas. As a member of the FHLB, the Company is required to maintain a minimum investment in capital stock of the FHLB and may pledge collateral to the bank for advances of funds to be used in its operations. Federal Home Loan Bank of Des Moines At December 31, 2019, the amount available for borrowings from the FHLB of Des Moines was approximately $57,727,738, compared with $534,579 at December 31, 2018. United States Treasury fixed maturity securities with an estimated fair value of $59,877,900 at December 31, 2019 have been pledged at the FHLB of Des Moines as collateral for current and potential borrowings compared with $49,342,210 at December 31, 2018. At December 31, 2019, the Company had no outstanding FHLB borrowings. At December 31, 2019, the Company’s total investment in FHLB stock was $806,500 compared with $2,548,700 at December 31, 2018. The Company’s decreased investment in FHLB stock was a result of its decrease in short-term FHLB borrowings during 2019. Federal Home Loan Bank of Dallas The membership of the FHLB of Dallas was acquired with the acquisition of Kilpatrick Life Insurance Company. See Note 20 regarding this acquisition. At December 31, 2019, the Company’s total investment in FHLB stock was $87,800. The Company does not have any collateral pledged at the FHLB of Dallas or any outstanding borrowings. Revolving Lines of Credit The Company has a $2,000,000 revolving line-of-credit with a bank with interest payable at the prime rate minus .75%, secured by the capital stock of Security National Life and maturing September 30, 2020, renewable annually. At December 31, 2019, the Company was contingently liable under a standby letter of credit aggregating $625,405, to be used as collateral to cover any contingency related to additional risk assessments pertaining to the Company's captive insurance program. The Company does not expect any material losses to result from the issuance of the standby letter of credit. The standby letter of credit will draw on the line of credit if necessary. The Company does not expect any material losses to result from the issuance of the standby letter of credit because claims are not expected to exceed premiums paid. As of December 31, 2019, there were no amounts outstanding under the revolving line-of-credit. The Company also has a $2,500,000 revolving line-of-credit with a bank with interest payable at the overnight LIBOR rate plus 2.25% maturing September 30, 2020. As of December 31, 2019, there was $1,250,000 outstanding under the revolving line-of-credit. 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 December 31, 2019, the Company had approximately $67,538,000 and $88,510,000 outstanding on the Texas Capital Bank and Wells Fargo warehouse lines, respectively, and was in compliance with all debt covenants. The following tabulation shows the combined maturities of bank and other loans payable: 2019 $ 192,985,602 2020 4,256,684 2021 1,151,703 2022 1,218,742 2023 1,247,461 Thereafter 16,712,420 Total $ 217,572,612 Interest expense in 2019 and 2018 was $7,386,688 and $6,956,707 , respectively. Interest paid in 2019 and 2018 was $7,284,078 and $6,878,048 , respectively.

8) Cemetery Perpetual Care Trus

8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	12 Months Ended
	Dec. 31, 2019
Notes
8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets State law requires the Company to pay into endowment care trusts a portion of the proceeds from the sale of certain cemetery property interment rights for cemeteries that have established an endowment care trust. These endowment care trusts are defined as variable interest entities pursuant to GAAP. Also, management has determined that the Company is the primary beneficiary of these trusts, as it absorbs both a majority of the losses and returns associated with the trusts. The Company has consolidated cemetery endowment care trust investments with a corresponding amount recorded as Cemetery Perpetual Care Obligation in the accompanying consolidated balance sheets . The components of the cemetery perpetual care investments and obligation are as follows: December 31 2019 2018 Cash and cash equivalents $ 1,306,740 $ 1,557,506 Fixed maturity securities, available for sale, at estimated fair value 975,673 990,390 Equity securities, at estimated fair value 1,605,451 483,353 Commerical mortgage loans held for investment 524,000 - Real estate held for investment - 1,304,620 Note receivables from Cottonwood Mortuary, Singing Hills Cemetery and Memorial Estates eliminated in consolidation 1,541,120 1,606,155 Total cemetery perpetual care trust investments 5,952,984 5,942,024 Cemetery perpetual care obligation (3,933,719) (3,821,979) Trust investments in excess of trust obligations $ 2,019,265 $ 2,120,045 The Company has also established certain restricted assets to provide for future merchandise and service obligations incurred in connection with its pre-need sales for its cemetery and mortuary segment. Restricted cash also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company elected to fund its medical benefit safe-harbor limit based on 35% of the qualified direct costs for the preceding year, and has included this amount as a component of restricted cash. These restricted cash items are for the Company’s life insurance and mortgage segments. Restricted assets are summarized as follows: December 31 2019 2018 Cash and cash equivalents (1) $ 8,674,214 $ 7,179,225 Mutual funds, at estimated fair value - 677,795 Fixed maturity securities, available for sale, at estimated fair value 1,008,867 1,258,397 Equity securities, at estimated fair value 1,976,480 66,878 Participating interests in mortgage loans held for investment with Security National Life 2,275,756 1,799,267 Total $ 13,935,317 $ 10,981,562 (1) Including cash and cash equivalents of $7,170,092 and $5,668,580 as of December 31, 2019 and 2018, respectively, for the life insurance and mortgage segments. A surplus note receivable in the amount of $4,000,000 at December 31, 2019 and 2018, from Security National Life, was eliminated in consolidation. See Notes 1 and 17 for additional information regarding restricted assets.

9) Income Taxes

9) Income Taxes	12 Months Ended
	Dec. 31, 2019
Notes
9) Income Taxes	9) Income Taxes The Company’s income tax liability is summarized as follows: December 31 2019 2018 Current $ 1,410,153 $ 473,800 Deferred 17,276,819 15,649,198 Total $ 18,686,972 $ 16,122,998 Significant components of the Company’s deferred tax (assets) and liabilities are approximately as follows: December 31 2019 2018 Assets Future policy benefits $ (12,450,229) $ (8,293,592) Loan loss reserve (1,053,256) (938,496) Unearned premium (760,556) (823,299) Available for sale securities - (366,279) Net operating loss (438,420) (593,272) Deferred compensation (1,996,865) (1,677,118) Deposit obligations (619,633) (610,769) Other (1,020,718) (185,557) Less: Valuation allowance 2,439,394 - Total deferred tax assets (15,900,283) (13,488,382) Liabilities Deferred policy acquisition costs 15,536,717 15,255,960 Basis difference in property and equipment 3,638,512 4,309,162 Value of business acquired 2,074,096 1,210,690 Deferred gains 5,169,104 6,267,373 Trusts 1,064,387 1,064,387 Tax on unrealized appreciation 5,694,286 1,030,008 Total deferred tax liabilities 33,177,102 29,137,580 Net deferred tax liability $ 17,276,819 $ 15,649,198 The valuation allowance relates to differences between recorded deferred tax assets and liabilities and ultimate anticipated realization. For the year ended December 31, 2019, the Company has recorded a valuation allowance related to Kilpatrick Life Insurance Company that was acquired in December 2019. See Note 20 regarding the acquisition. The Company paid $4,861,318 and $5,701,565 in income taxes for the years ended December 31, 2019 and 2018, respectively. The Company’s income tax expense is summarized as follows for the years ended December 31: 2019 2018 Current Federal $ 4,404,041 $ 6,933,145 State 504,272 166,567 4,908,313 7,099,712 Deferred Federal (1,551,725) (1,838,947) State (306,172) (766,454) (1,857,897) (2,605,401) Total $ 3,050,416 $ 4,494,311 The reconciliation of income tax expense (benefit) at the U.S. federal statutory rates is as follows: 2019 2018 Computed expense at statutory rate $ 2,928,226 $ 5,497,882 State tax expense, net of federal tax benefit 156,499 (473,911) Change in valuation allowance 194,364 - Other, net (228,673) (529,660) Income tax expense $ 3,050,416 $ 4,494,311 The Company’s overall effective tax rate for the years ended December 31, 2019 and 2018 was 21.9% and 17.2%, respectively. The Company’s effective tax rates differ from the U.S. federal statutory corporate income tax rate of 21% partially due to its provision for state income taxes and an increase to the valuation allowance related to Kilpatrick Life Insurance Company that increased the effective income tax rate when compared to the prior year. At December 31, 2019, the Company had no significant unrecognized tax benefits. As of December 31, 2019, the Company does not expect any material changes to the estimated amount of unrecognized tax benefits in the next twelve months. Federal and state income tax returns for 2016 through 2019 are subject to examination by taxing authorities. Net Operating Losses and Tax Credit Carryforwards: Year of Expiration 2020 $ 114,601 2021 17,101 2022 - 2023 - 2024 - Thereafter up through 2037 1,701,126 $ 1,832,828

10) Reinsurance, Commitments an

10) Reinsurance, Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Notes
10) Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks in excess of a specified limit, which ranged from $25,000 to $100,000 during the years 2019 and 2018. 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 having insurance in force amounting to approximately $99,000,000 and approximately $103,000,000 at December 31, 2019 and 2018, respectively. Mortgage Loan Loss Settlements Future loan losses can be extremely difficult to estimate. However, the Company believes that its reserve methodology and its current practice of property preservation allow it to estimate potential losses on loans sold. The estimated liability for indemnification losses is included in other liabilities and accrued expenses and, as of December 31, 2019 and 2018, the balances were $4,046,000 and $3,605,000, respectively. During the period from 2006 to 2019, over $60 million has been reserved for loan losses. A large majority of that reserve has been used to settle investor claims or potential claims on alternative documentation loans originated between 2005 to 2007. As the time since the origination of these loans has increased, estimating the potential of a claim being made, when it might be made, the validity of the claim, and the amount of such claim becomes more difficult. However, because some loans remain from the original 2005 to 2007 time period that have not been settled, the Company still includes a reserve for the potential of future loan demands and potential settlements of such loans. As of December 31, 2019, the loan loss reserve includes an estimate of approximately $3,000,000 for remaining losses still to be settled on loans from this time period with a general reserve for more recent loan production. Thus, the Company believes that the final loan loss reserve as of December 31, 2019, represents its best estimate for adequate loss reserves on loans sold. 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 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) was also before Judge Caproni. On October 1, 2018, Lehman Holdings filed a motion for leave to file Third Amended Complaints against numerous defendants including SecurityNational Mortgage. In addition to the Fannie Mae and Freddie Mac related loans, the amendments and 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. 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 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 or 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 costs 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. SecurityNational Mortgage filed an answer and amended answer in the Fannie Mae and Freddie Mac case, and in the RMBS case. Discovery is in process. Lehman Holdings sent an Indemnification Alternative Dispute Resolution 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. On January 9, 2020, SecurityNational Mortgage submitted further information to the mediator. Mediation was set to take place on January 23, 2020 in New York. On January 15, 2020, SecurityNational Mortgage filed a motion to dismiss Lehman Holdings’ RMBS action in the Bankruptcy Court for lack of subject matter jurisdiction and standing. It was not filed in the Bankruptcy Court but in the United States District Court for the Southern District of New York. The District Court referred the matter to a magistrate judge for general pretrial, which “includes scheduling, discovery, non-dispositive pretrial motions, and settlement,” as well as for “a Report and Recommendation” as to the pending motion. The final disposition of the motion will be with the District Court judge. Lehman Holdings has asked the District Court to transfer the case to one of two other judges allegedly due to related matters. No action has been taken by the District Court on the request. However, a briefing schedule is in place before the original assigned magistrate judge. Lehman Holdings’ response brief to SecurityNational Mortgage’s motion is due March 6, 2020, and SecurityNational Mortgage’s reply brief is due April 6, 2020. In view of SecurityNational Mortgage’s motion to dismiss, Lehman Holdings requested that the mediation set for January 23, 2020 be adjourned “pending resolution of your [SecurityNational Mortgage] motion by the court.” On January 17, 2020, the mediator adjourned the scheduled mediation without a date. Non-Cancelable Leases The Company leases office space and equipment under various non-cancelable agreements. See Note 24 regarding leases. 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 December 31, 2019, the Company’s commitments were approximately $123,601,000, for these loans of which $90,566,000 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.

11) Retirement Plans

11) Retirement Plans	12 Months Ended
	Dec. 31, 2019
Notes
11) Retirement Plans	11) Retirement Plans The Company and its subsidiaries have a noncontributory Employee Stock Ownership Plan (“ESOP”) for all eligible employees. Eligible employees are primarily those with more than one year of service, who work in excess of 1,000 hours per year. Contributions, which may be in cash or stock of the Company, are determined annually by the Board of Directors. The Company’s contributions are allocated to eligible employees based on the ratio of each eligible employee’s compensation to total compensation for all eligible employees during each year. The Company did not make any contributions for the years ended December 31, 2019 and 2018. On November 25, 2019, the Company distributed a “Notice of Intent to Terminate” the ESOP Plan to all current plan participants. The Company also filed Form 5310 “Application for Determination for Terminating Plan”, with the IRS on December 6, 2019. The Company is awaiting approval of its application from the IRS prior to its final distribution of the ESOP Plan assets to the participants. At December 31, 2019, the ESOP held 495,618 shares of Class A and 307,491 shares of Class C common stock of the Company. All shares held by the ESOP have been allocated to the participating employees and all shares held by the ESOP are considered outstanding for purposes of computing earnings per share. The Company has three 401(k) savings plans covering all eligible employees, as defined above, which includes employer participation in accordance with the provisions of Section 401(k) of the Internal Revenue Code. The plans allow participants to make pretax contributions up to a maximum of $19,000 and $18,500 for the years 2019 and 2018, respectively or the statutory limits. Beginning January 1, 2008, the Company elected to be a “Safe Harbor” Plan for its matching 401(k) contributions. The Company matched 100% of up to 3% of an employee’s total annual compensation and matched 50% of 4% to 5% of an employee’s annual compensation. The match was in Company stock. The Company’s contribution for the years ended December 31, 2019 and 2018 was $695,560 and $1,480,913, respectively under the “Safe Harbor” plan. In 2001, the Company’s Board of Directors adopted a Non-Qualified Deferred Compensation Plan, and this plan was amended in 2005. Under the terms of the Plan, the Company will provide deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Board has appointed a Committee of the Company to be the Plan Administrator and to determine the employees who are eligible to participate in the plan. The employees who participate may elect to defer a portion of their compensation into the plan. The Company may contribute into the plan at the discretion of the Company’s Board of Directors. The Company did not make any contributions for 2019 and 2018. Effective December 4, 2018, the Board members approved a motion to extend Mr. Quist’s employment agreement, dated December 4, 2012, for an additional four-year term ending December 2022. In the event of disability, Mr. Quist’s salary would be continued for up to five years at 75% of its current level of compensation. In the event of a sale or merger of the Company and Mr. Quist is not retained in his current position, the Company would be obligated to continue paying Mr. Quist’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that Mr. Quist is entitled to receive annual retirement benefits beginning (i) one month from the date of his retirement (to commence no sooner than age 65), (ii) five years following complete disability, or (iii) upon termination of his employment without cause. These retirement benefits are to be paid for a period of twenty years in annual installments in the amount equal to 75% of his then current level of compensation. In the event that Mr. Quist dies prior to receiving all retirement benefits thereunder, the remaining benefits are to be paid to his heirs. The Company expensed $660,000 and $660,000 during the years ended December 31, 2019 and 2018, respectively, to cover the present value of anticipated retirement benefits under the employment agreement. The liability accrued was $5,722,837 and $5,191,670 as of December 31, 2019 and 2018, respectively. The Company, through its wholly owned subsidiary, SecurityNational Mortgage, also has an employment agreement with its former Vice President of Mortgage Operations and President of SecurityNational Mortgage, who retired from the Company on December 31, 2015. Under the terms of the employment agreement, this individual is entitled to receive retirement benefits from the Company for a period of ten years in an amount equal to 50% of his rate of compensation at the time of his retirement, which was $267,685 for the year ended December 31, 2015. Such retirement payments are paid monthly during the ten-year period. In the event that this individual dies prior to receiving all of his retirement benefits under his employment agreement, the remaining benefits will be made to his heirs. The company paid $133,843 and $133,843 in retirement compensation to this individual during the years ended December 31, 2019 and 2018, respectively. The liability accrued was $803,055 and $841,591 as of December 31, 2019 and 2018, respectively and is included in Other liabilities and accrued expenses on the consolidated balance sheets.

12) Capital Stock

12) Capital Stock	12 Months Ended
	Dec. 31, 2019
Notes
12) Capital Stock	12) Capital Stock The Company has one class of preferred stock of $1.00 par value, 5,000,000 shares authorized, of which none are issued. The preferred stock is non-voting. The Company has two classes of common stock with shares outstanding, Class A common shares and Class C common shares. Class C shares have 10 votes per share on all matters except for the election of one third of the directors who are elected solely by the Class A shares. Class C shares are convertible into Class A shares at any time on a one to one ratio. The decrease in treasury stock was the result of treasury stock being used to fund the company’s 401(k) Plans. Stockholders of both Class A and Class C common stock have received 5% stock dividends in the years 1990 through 2019, as authorized by the Company’s Board of Directors. The Company has Class B common stock of $1.00 par value, 5,000,000 shares authorized, of which none are issued. Class B shares are non-voting stock except to any proposed amendment to the Articles of Incorporation which would affect Class B common stock. The following table summarizes the activity in shares of capital stock for the two-year period ended December 31, 2019: Class A Class C Outstanding shares at December 31, 2017 14,535,577 2,089,374 Exercise of stock options 38,473 - Stock dividends 730,560 104,457 Conversion of Class C to Class A 188 (188) Outstanding shares at December 31, 2018 15,304,798 2,193,643 Exercise of stock options 32,517 191,443 Stock dividends 767,178 119,087 Conversion of Class C to Class A 3,286 (3,286) Outstanding shares at December 31, 2019 16,107,779 2,500,887 Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: 2019 2018 Numerator: Net earnings $ 10,893,519 $ 21,686,079 Denominator: Denominator for basic earnings per share-weighted-average shares 18,104,681 17,968,062 Effect of dilutive securities Employee stock options 124,435 220,603 Dilutive potential common shares 124,435 220,603 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 18,229,116 18,188,665 Basic earnings per share $0.60 $1.21 Diluted earnings per share $0.60 $1.19 For the years ended December 31, 2019 and 2018, there were 382,289 and 862,915 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.

13) Stock Compensation Plans

13) Stock Compensation Plans	12 Months Ended
	Dec. 31, 2019
Notes
13) Stock Compensation Plans	13) Stock Compensation Plans The Company has two fixed option plans (the “2013 Plan” and the “2014 Director Plan”). Compensation expense for options issued of $256,996 and $237,123 has been recognized under these plans for the years ended December 31, 2019 and 2018, respectively, and is included in personnel expenses on the consolidated statements of earnings. As of December 31, 2019, the total unrecognized compensation expense related to the options issued in December 2019 was $230,446, 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. The following table summarizes the assumptions used in estimating the fair value of each option granted along with the weighted-average fair value of the options granted: Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 6, 2019 All Plans $ 0.96 5% $ 5.19 32.79% 1.64% 4.83 January 17, 2019 All Plans $ 1.12 5% $ 4.98 36.04% 2.56% 5.31 November 30, 2018 All Plans $ 1.12 5% $ 4.91 34.61% 2.86% 4.56 Activity of the stock option plans is summarized as follows: Number ofClass A Shares Weighted Average Exercise Price Number ofClass C Shares Weighted Average Exercise Price Outstanding at January 1, 2018 880,426 $ 4.35 523,603 $ 5.24 Adjustment for the effect of stock dividends 48,168 27,491 Granted 142,000 90,000 Exercised (42,211) - Cancelled (17,109) (63,814) Outstanding at December 31, 2018 1,011,274 $ 4.49 577,280 $ 5.15 Adjustment for the effect of stock dividends 51,018 28,295 Granted 81,000 180,000 Exercised (45,834) (191,443) Cancelled (11,405) - Outstanding at December 31, 2019 1,086,053 $ 4.41 594,132 $ 5.36 Exercisable at end of year 1,002,603 $ 4.34 405,132 $ 5.40 Available options for future grant 205,664 - Weighted average contractual term of options outstanding at December 31, 2019 5.62 years 5.82 years Weighted average contractual term of options exercisable at December 31, 2019 5.26 years 4.54 years Aggregated intrinsic value of options outstanding at December 31, 2019 (1) $1,291,602 $2,177,223 Aggregated intrinsic value of options exercisable at December 31, 2019 (1) $1,259,786 $159,028 (1) The Company used a stock price of $5.57 as of December 31, 2019 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 years ended December 31, 2019 and 2018 was $271,220 and $123,154, respectively.

14) Statutory Financial Informa

14) Statutory Financial Information and Dividend Limitations	12 Months Ended
	Dec. 31, 2019
Notes
14) Statutory Financial Information and Dividend Limitations	14) Statutory Financial Information and Dividend Limitations The Company’s insurance subsidiaries prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance department of the applicable state of domicile. Prescribed statutory accounting practices include a variety of publications of the NAIC, as well as state laws, regulations and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed. All states require domiciled insurance companies to prepare statutory-basis financial statements in conformity with the NAIC Accounting Practices and Procedures Manual, subject to any deviations prescribed or permitted by the applicable insurance commissioner and/or director. Statutory accounting practices differ from GAAP primarily since they require charging policy acquisition and certain sales inducement costs to expense as incurred, establishing life insurance reserves based on different actuarial assumptions, and valuing certain investments and establishing deferred taxes on a different basis. Statutory net income and capital and surplus of the Company’s insurance subsidiaries, determined in accordance with statutory accounting practices prescribed or permitted by insurance regulatory authorities are as follows: Statutory Net Income Statutory Capital and Surplus 2019 2018 2019 2018 Amounts by insurance subsidiary: Security National Life Insurance Company $ 3,589,552 $17,963,528 $ 49,390,181 $ 47,184,064 Kilpatrick Life Insurance Company 12,752,100 (1) - 15,208,071 - First Guaranty Insurance Company 1,078,733 1,042,683 6,352,670 5,786,369 Memorial Insurance Company of America (107) 94 1,088,559 1,088,880 Southern Security Life Insurance Company, Inc. 87 68 1,588,396 1,586,915 Trans-Western Life Insurance Company 3,773 5,460 512,163 508,390 Total $ 17,424,138 $19,011,833 $ 74,140,040 $ 56,154,618 (1) Includes 12 months even though Kilpatrick Life Insurance Company wasn't acquired by the Company until December 2019. The Utah, Arkansas, Louisiana, Mississippi and Texas Insurance Departments impose minimum risk-based capital (RBC) requirements that were developed by the NAIC on insurance enterprises. The formulas for determining the RBC specify various factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio (the Ratio) of the enterprise’s regulatory total adjusted capital, as defined by the NAIC, to its authorized control level, as defined by the NAIC. Enterprises below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The life insurance subsidiaries each have a ratio that is greater than the first level of regulatory action as of December 31, 2019. Generally, the net assets of the life insurance subsidiaries available for transfer to the Company are limited to the amounts of the life insurance subsidiaries net assets, as determined in accordance with statutory accounting practices, that exceed minimum statutory capital requirements. Additional requirements must be met depending on the state, and payments of such amounts as dividends are subject to approval by regulatory authorities. Under the Utah Insurance Code, Security National Life Insurance Company is permitted to pay a stockholder dividend to the Company as long as the Company provides the Utah Insurance Commissioner (the “Utah Commissioner”) with at least 30 days notice and the aggregate amount of all such dividends in any 12 month period does not exceed the lesser of: (i) 10% of its surplus to policyholders as of the end of the immediately preceding calendar year, or (ii) net gain from operations, not including realized capital gains, for the immediately preceding calendar year, not including pro rata distributions of the Company’s own securities. In determining whether a dividend is extraordinary, the Company may include carryforward net income from the previous two calendar years, excluding realized capital gains less dividends paid in the second and immediately preceding calendar years. Security National Life Insurance Company will be permitted to pay a dividend to the Company in excess of the lesser of such two amounts only if it files notice of its intention to declare such a dividend and the amount thereof with the Utah Commissioner and the Utah Commissioner either approves the distribution of the dividend or does not disapprove the distribution within 30 days of its filing. In all cases, a dividend may not be paid that would reduce the insurer’s total adjusted capital below the insurer’s company action level risk-based capital, as defined for statutory reporting purposes. Amounts available to be paid as dividends in the next 12 months totals approximately $4,795,000. Under the Louisiana Insurance Code, First Guaranty Insurance Company and Kilpatrick Life Insurance Company are permitted to pay a stockholder dividend to Security National Life as long as their capital has been (i) fully paid in cash, (ii) is unimpaired, (iii) has a surplus beyond its capital stock and (iv) has a surplus beyond its minimum required surplus. In 2018, First Guaranty Insurance Company paid to Security National Life a cash dividend of $500,000 and Kilpatrick Life Insurance Company paid a cash dividend of $3,000,000. Amounts available to be paid as dividends at December 31, 2019 totaled approximately $2,453,000 for First Guaranty Insurance Company and totaled approximately $11,508,000 for Kilpatrick Life Insurance Company.

15) Business Segment Informatio

15) Business Segment Information	12 Months Ended
	Dec. 31, 2019
Notes
15) Business Segment Information	15) Business Segment Information Description of Products and Services by Segment The Company has three reportable business segments: life insurance, cemetery and mortuary, and mortgage. The Company’s life insurance segment consists of life insurance premiums and operating expenses from the sale of insurance products sold by the Company’s independent agency force and net investment income derived from investing policyholder and segment surplus funds. The Company’s cemetery and mortuary segment consists of revenues and operating expenses from the sale of at-need cemetery and mortuary merchandise and services at its mortuaries and cemeteries, pre-need sales of cemetery spaces after collection of 10% or more of the purchase price and the net investment income from investing segment surplus funds. The Company’s mortgage segment consists of fee income and expenses from the originations of residential mortgage loans and interest earned and interest expenses from warehousing pre-sold loans before the funds are received from financial institutional investors. Measurement of Segment Profit or Loss and Segment Assets The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles. 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. 2019 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 81,860,610 $ 15,296,235 $ 131,976,082 $ - $ 229,132,927 Net investment income 41,610,831 579,995 828,647 - 43,019,473 Gains on investments and other assets 138,330 530,098 59,939 - 728,367 Other revenues 2,128,961 95,197 7,956,005 - 10,180,163 Intersegment revenues: Net investment income 4,455,034 443,548 508,637 (5,407,219) - Total revenues 130,193,766 16,945,073 141,329,310 (5,407,219) 283,060,930 Expenses: Death, surrenders and other policy benefits 44,911,805 - - - 44,911,805 Increase in future policy benefits 23,568,497 - - - 23,568,497 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 14,199,152 435,425 - - 14,634,577 Selling, general and administrative expenses: Commissions 3,632,780 1,084,079 52,046,032 - 56,762,891 Personnel 20,311,591 5,177,810 38,731,869 - 64,221,270 Advertising 595,118 368,173 3,821,267 - 4,784,558 Rent and rent related 451,380 47,525 6,556,551 - 7,055,456 Depreciation on property and equipment 477,247 428,633 805,489 - 1,711,369 Cost related to funding mortgage loans - - 6,278,954 - 6,278,954 Intersegment 412,853 180,594 544,463 (1,137,910) - Other 11,769,097 3,241,023 19,912,641 - 34,922,761 Interest expense: Intersegment 490,756 154,615 3,623,938 (4,269,309) - Other 2,808,081 288,768 4,289,839 - 7,386,688 Costs of goods and services sold-mortuaries and cemeteries - 2,878,169 - - 2,878,169 Total benefits and expenses 123,628,357 14,284,814 136,611,043 (5,407,219) 269,116,995 Earnings before income taxes $ 6,565,409 $ 2,660,259 $ 4,718,267 $ - $ 13,943,935 Income tax benefit (expense) (1,085,848) (649,144) (1,315,424) - (3,050,416) Net earnings $ 5,479,561 $ 2,011,115 $ 3,402,843 $ - $ 10,893,519 Identifiable assets $ 1,110,641,526 $ 81,014,182 $ 249,970,323 $ (110,701,544) $ 1,330,924,487 Goodwill $ 2,765,570 $ 754,018 $ - $ - $ 3,519,588 2018 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 75,928,910 $ 13,726,518 $ 116,185,853 $ - $ 205,841,281 Net investment income 38,720,365 283,343 909,559 - 39,913,267 Gains on investments and other assets 21,396,282 2,301,342 243,555 - 23,941,179 Other revenues 1,636,901 128,797 8,157,302 - 9,923,000 Intersegment revenues: Net investment income 3,972,532 429,312 503,794 (4,905,638) - Total revenues 141,654,990 16,869,312 126,000,063 (4,905,638) 279,618,727 Expenses: Death, surrenders and other policy benefits 39,185,087 - - - 39,185,087 Increase in future policy benefits 24,332,088 - - - 24,332,088 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 11,270,579 360,767 - - 11,631,346 Selling, general and administrative expenses: Commissions 3,242,745 1,222,642 45,825,965 - 50,291,352 Personnel 18,489,063 4,773,866 44,106,023 - 67,368,952 Advertising 566,154 333,852 3,702,585 - 4,602,591 Rent and rent related 321,701 33,138 7,250,536 - 7,605,375 Depreciation on property and equipment 400,686 372,469 1,093,846 - 1,867,001 Cost related to funding mortgage loans - - 6,423,944 - 6,423,944 Intersegment 402,213 182,009 531,370 (1,115,592) - Other 10,094,626 3,046,902 17,873,471 - 31,014,999 Interest expense: Intersegment 481,587 173,807 3,134,652 (3,790,046) - Other 2,744,841 294,535 3,917,331 - 6,956,707 Costs of goods and services sold-mortuaries and cemeteries - 2,158,895 - - 2,158,895 Total benefits and expenses 111,531,370 12,952,882 133,859,723 (4,905,638) 253,438,337 Earnings before income taxes $ 30,123,620 $ 3,916,430 $ (7,859,660) $ - $ 26,180,390 Income tax benefit (expense) (5,275,662) (946,820) 1,728,171 - (4,494,311) Net earnings $ 24,847,958 $ 2,969,610 $ (6,131,489) $ - $ 21,686,079 Identifiable assets $ 928,251,387 $ 90,639,130 $ 159,680,649 $ (130,525,613) $ 1,048,045,553 Goodwill $ 2,765,570 $ - $ - $ - $ 2,765,570

16) Related Party Transactions

16) Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Notes
16) Related Party Transactions	16) Related Party Transactions The Company’s Board of Directors has a written procedure, which requires disclosure to the Board of any material interest or any affiliation on the part of any of its officers, directors or employees that is in conflict or may be in conflict with the interests of the Company. The Company and its Board of Directors is unaware of any related party transactions that require disclosure as of December 31, 2019.

17) Fair Value of Financial Ins

17) Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2019
Notes
17) Fair Value of Financial Instruments	17) 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: Fixed Maturity Securities Available for Sale: Equity Securities: Loans Held for Sale: Restricted Assets: Cemetery Perpetual Care Trust Investments : 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. Call and Put Options : 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: Impaired Mortgage Loans Held for Investment : Impaired Real Estate Held for Investment It should be noted that for replacement cost, when determining the fair value of real estate held for investment, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company used market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparables and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the consolidated balance sheet at December 31, 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 Fixed maturity securities available for sale $ 355,977,820 $ - $ 352,761,438 $ 3,216,382 Equity securities 7,271,165 7,271,165 - - Loans held for sale 213,457,632 - - 213,457,632 Restricted assets (1) 1,008,867 - 1,008,867 - Restricted assets (2) 1,976,480 1,976,480 - - Cemetery perpetual care trust investments (1) 975,673 - 975,673 - Cemetery perpetual care trust investments (2) 1,605,451 1,605,451 - - Derivatives - loan commitments (3) 2,722,580 - - 2,722,580 Total assets accounted for at fair value on a recurring basis $ 584,995,668 $ 10,853,096 $ 354,745,978 $ 219,396,594 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (62,265) $ (62,265) $ - $ - Derivatives - put options (4) (22,282) (22,282) - - Derivatives - loan commitments (4) (231,347) - - (231,347) Total liabilities accounted for at fair value on a recurring basis $ (315,894) $ (84,547) $ - $ (231,347) (1) Fixed maturity securities available for sale (2) Mutual funds and equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows: Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2019 Technique Input(s) Value Value Average Loans held for sale $ 213,457,632 Market approach Investor contract pricing as a percentage of unpaid principal balance 98.0% 109.0% 103.0% Derivatives - loan commitments (net) 2,491,233 Market approach Fall-out factor 1.0% 92.0% 81.0% Initial-Value N/A N/A N/A Servicing 0 bps 318 bps 79 bps Fixed maturity securities available for sale 3,216,382 Broker quotes Pricing quotes $ 95.02 $ 115.80 $ 107.98 Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 $ - Originations/purchases - 2,606,839,175 - Sales - (2,580,875,055) - Transfer to mortgage loans held for investment - (31,881,851) - Transfer from fixed maturity securities held to maturity - 3,216,382 Total gains (losses): Included in earnings (1) 899,417 83,164,510 - Balance - December 31, 2019 $ 2,491,233 $ 213,457,632 $ 3,216,382 (1) As a component of mortgage fee income on the 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 consolidated balance sheet at December 31, 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 nonrecurring basis Impaired mortgage loans held for investment $ 1,302,025 $ - $ - $ 1,302,025 Impaired real estate held for investment 8,375,884 - - 8,375,884 Total assets accounted for at fair value on a nonrecurring basis $ 9,677,909 $ - $ - $ 9,677,909 The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the 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 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 consolidated balance sheets (3) Included in other liabilities and accrued expenses on the consolidated balance sheets Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Net Derivatives 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 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 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 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 December 31, 2019 and 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 December 31, 2019: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 110,253,678 $ - $ - $ 115,320,638 $ 115,320,638 Residential construction 88,651,967 - - 88,651,967 88,651,967 Commercial 37,788,901 - - 39,289,462 39,289,462 Mortgage loans held for investment, net $ 236,694,546 $ - $ - $ 243,262,067 $ 243,262,067 Policy loans 14,762,805 - - 14,762,805 14,762,805 Insurance assignments, net (1) 39,614,939 - - 39,614,939 39,614,939 Restricted assets (2) 2,275,756 - - 2,289,679 2,289,679 Cemetery perpetual care trust investments (2) 524,000 - - 536,553 536,553 Mortgage servicing rights, net 17,155,529 - - 22,784,571 22,784,571 Liabilities Bank and other loans payable $ (217,572,612) $ - $ - $ (217,572,612) $ (217,572,612) Policyholder account balances (3) (45,154,180) - - (41,828,469) (41,828,469) Future policy benefits - annuities (3) (113,579,830) - - (117,304,614) (117,304,614) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets 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 - - 34,168,868 34,168,868 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 consolidated balance sheets (2) Fixed maturity securities held to maturity (3) Participation in mortgage loans held for investment (4) Included in future policy benefits and unpaid claims on the consolidated balance sheets The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of financial instruments are summarized as follows: Fixed Maturity Securities Held to Maturity : Mortgage Loans Held for Investment Residential – The estimated fair value of mortgage loans 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 Insurance Assignments, Net Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities 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.

18) Accumulated Other Comprehen

18) Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2019
Notes
18) Accumulated Other Comprehensive Income	18) Accumulated Other Comprehensive Income The following summarizes the changes in accumulated other comprehensive income: December 31 2019 2018 Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01) for equity securities $ - $ (603,170) Unrealized gains on fixed maturity securities available for sale 17,315,770 - Reclassification adjustment for net realized gains in net income - - Net unrealized gains before taxes 17,315,770 - Tax expense (3,636,311) - Net 13,679,459 - Unrealized gains on restricted assets (1) 35,550 - Tax expense (8,856) - Net 26,694 - Unrealized gains on cemetery perpetual care trust investments (1) 29,904 - Tax expense (7,449) - Net 22,455 - Unrealized gains for foreign currency translations adjustments 972 (3,761) Tax expense (243) 938 Net 729 (2,823) Other comprehensive income changes $ 13,729,337 $ (605,993) _______________ (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income as of December 31, 2019: Beginning Balance December 31, 2018 Change for the period Ending Balance December 31,2019 Unrealized gains on fixed maturity securities available for sale $ - $ 13,679,459 $ 13,679,459 Unrealized gains on restricted assets (1) - 26,694 26,694 Unrealized gains on cemetery perpetual care trust investments (1) - 22,455 22,455 Foreign currency translation adjustments (2,823) 729 (2,094) Other comprehensive income (loss) $ (2,823) $ 13,729,337 $ 13,726,514 (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income as of December 31, 2018: Beginning Balance December 31, 2017 Change for the period Ending Balance December 31,2018 Unrealized gains on equity securities, restricted assets and cemetery perpetual care trust investments $ 603,170 $ (603,170) (1) $ - Foreign currency translation adjustments - (2,823) (2,823) Other comprehensive income (loss) $ 603,170 $ (605,993) $ (2,823) (1) Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)

19) Derivative Instruments

19) Derivative Instruments	12 Months Ended
	Dec. 31, 2019
Notes
19) Derivative Instruments	19) Derivative Instruments The following table shows the fair value and notional amounts of derivative instruments as of December 31, 2019 and 2018. Fair Values and Notional Amounts of Derivative Instruments December 31, 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 $224,202,514 $2,722,580 $231,347 $ 93,758,218 $1,969,967 $378,151 Call options Other liabilities 1,813,500 -- 62,265 805,500 -- 4,629 Put options Other liabilities 1,573,100 -- 22,282 4,861,700 -- 296,053 Total $225,326,654 $2,722,580 $315,894 $ 99,425,418 $1,969,967 $678,833 The following table shows the gain (loss) on derivatives for the periods presented. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing. Net Amount Gain (Loss) Years ended December 31 Derivative Classification 2019 2018 Loan commitments Mortgage fee income $ 899,417 $ (404,773) Call and put options Gains on investments and other assets $ 626,208 $ 187,786

20) Acquisitions

20) Acquisitions	12 Months Ended
	Dec. 31, 2019
Notes
20) Acquisitions	20) Acquisitions Kilpatrick Life Insurance Company On December 13, 2019, the Company, through its wholly owned subsidiary, Security National Life Insurance Company (“Security National Life”) completed a stock purchase transaction with Kilpatrick Life Insurance Company, a Louisiana domiciled life insurance company (“Kilpatrick Life”) and its shareholders, which resulted in the purchase of all the outstanding shares of common stock of Kilpatrick Life. The closing of the transaction was subject to approval by the Louisiana Department of Insurance of the change of control of Kilpatrick Life, which was received on December 12, 2019. Under the terms of the transaction, the total Purchase Price that Security National Life paid for all the shares held by the Kilpatrick shareholders was $23,779,940 subject to a $1,400,000 holdback, as agreed with the shareholders. Kilpatrick Life has been in operation since 1932 and provides life insurance products and services through insurance plans such as permanent and term life insurance, asset protection plans, graded whole life insurance, and annuities. Additionally, it provides insurance services for emergencies and pre‐arranged funeral services. Kilpatrick Life is based in Shreveport, Louisiana with additional offices in Jena, Alexandria, Minden, and Arcadia, Louisiana. Kilpatrick Life employs a staff of almost 120 associates in four offices in Louisiana and is licensed to operate in Louisiana, Texas, Arkansas, Oklahoma, and Mississippi with the home office located in Shreveport, LA. It is the mission of Kilpatrick Life to continue providing the utmost service and protection for its policyholders for generations to come. Prior to the stock purchase transaction, Security National life and Kilpatrick Life entered into a coinsurance agreement, effective October 1, 2019. After the effective date, Security National Life, as coinsurer, agreed to be responsible for and was obligated with respect to 100% of the contractual liabilities under the Kilpatrick Life’s life insurance policies in accordance with the terms and conditions of the policies and applicable law. Unless otherwise directed by Security National Life, as coinsurer, Kilpatrick Life continued to administer the policies on behalf of Security National Life, as coinsurer, for the duration of the coinsurance agreement. As part of the coinsurance agreement, effective October 1, 2019, Security National Life acquired the following assets and assumed the following contractual liabilities. Other investments and policy loans $ 9,124,459 Real estate held for investment 2,850,000 Mortgage loans held for investment 200,000 Receivables 131,258 Total assets acquired 12,305,717 Future policy benefits and unpaid claims (165,404,970) Other liabilities and accrued expenses (5,259,341) Total liabilities assumed (170,664,311) Cash received for reinsurance assumed $ 158,358,594 Contemporaneous with the stock purchase transaction, both Kilpatrick Life and Security National Life, as coinsurer, agreed terminate the coinsurance agreement, to require the recapture of the life insurance policies by Kilpatrick Life and provided notification to the Louisiana Department of Insurance. The final settlement and transfer of the coinsurance trust assets from Security National Life back to Kilpatrick Life occurred shortly thereafter. The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition, on December 13, 2019, are shown in the following table. At the time of acquisition some of these assets and liabilities became intercompany items, and the Company has eliminated them for consolidation. Fixed maturity securities, available for sale $ 22,766,520 Fixed maturity securities, held to maturity 16,436 Mortgage loans held for investment 8,011,660 Real estate held for investment 2,708,557 Other investments 446,655 Accrued investment income 183,527 Total investments 34,133,355 Cash and cash equivalents 6,900,654 Receivables, net 5,407,736 (1) Receivables from reinsurers 168,105,064 (1) Property and equipment, net 1,498,245 Value of business acquired 4,962,831 Deferred taxes 167,344 Other 712,323 Total assets acquired 221,887,552 Future policy benefits and unpaid claims (189,071,407) Accounts payable (283,304) Other liabilities and accrued expenses (7,870,944) Income taxes (881,957) Total liabilities assumed (198,107,612) Fair value of net assets acquired/consideration paid $ 23,779,940 Fair value of net assets acquired/consideration paid, net of cash acquired $ 16,879,286 (1) Receivable from reinsurers of $162,907,008 and receivables, net of $5,000,000 were settled with the recapture of the coinsurance agreement by Kilpatrick Life from Security National Life. Kilpatrick Life’s revenues and net loss since the date of acquisition were $1,461,011 and $848,031, respectively. 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. Under the terms of the transaction, as set forth in the Asset Purchase Agreement, dated February 15, 2019, Memorial Mortuary Inc. 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. In August 2019, this escrow account was settled and $137,550 was paid to the prior owners. 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 Fair value of net assets acquired/consideration paid, net of cash acquired $ 3,261,788 Probst Family Funerals and Heber Valley Funeral Home’s revenues and net earnings since the date of acquisition were $796,992 and $97,400, respectively. 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. In November 2019, this escrow account was settled and $169,190 was paid to the prior owner. The estimated fair values of the assets acquired at 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

21) Mortgage Servicing Rights

21) Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2019
Notes
21) Mortgage Servicing Rights	21) Mortgage Servicing Rights The Company reports MSRs pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table presents the MSR activity for the periods presented. December 31 2019 2018 Amortized cost: Balance before valuation allowance at beginning of year $ 20,016,822 $ 21,376,937 MSR additions resulting from loan sales 4,194,502 3,922,816 Amortization (1) (7,055,795) (5,282,931) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at year end $ 17,155,529 $ 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 year end $ - $ - Mortgage servicing rights, net $ 17,155,529 $ 20,016,822 Estimated fair value of MSRs at year end $ 22,784,571 $ 28,885,316 (1) Included in other expenses on the consolidated statements of earnings The following table summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the assumptions made by management in its December 31, 2019 valuation of MSRs. The assumptions underlying the following estimate will change as market conditions and portfolio composition and behavior change, causing both actual and projected amortization levels to change over time. Therefore, the following estimates will change in a manner and amount not presently determinable by management. Estimated MSR Amortization 2020 $ 2,999,452 2021 2,376,277 2022 1,971,249 2023 1,631,010 2024 1,359,492 Thereafter 6,818,049 Total $ 17,155,529 During the years ended December 31, 2019 and 2018, the Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the consolidated statements of earnings: 2019 2018 Contractual servicing fees $ 7,212,164 $ 7,561,226 Late fees 365,477 319,244 Total $ 7,577,641 $ 7,880,470 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio for the periods presented: Years Ended December 31 2019 2018 Servicing UPB $ 2,804,139,415 $ 2,941,231,563 The following key assumptions were used in determining MSR value: Prepayment Speeds Average Life(Years) Discount Rate December 31, 2019 15.30 5.27 9.51 December 31, 2018 11.70 6.33 9.51

22) Future Policy Benefits and

22) Future Policy Benefits and Unpaid Claims	12 Months Ended
	Dec. 31, 2019
Notes
22) Future Policy Benefits and Unpaid Claims	22) Future Policy Benefits and Unpaid Claims The Company reports future policy benefits and unpaid claims pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table provides information regarding future policy benefits and unpaid claims and the related receivable from reinsurers. Years Ended September 30 2019 2018 Life $ 654,585,723 $466,232,621 Annuities 113,579,831 98,137,615 Policyholder account balances 45,154,180 46,479,853 Accident and health 667,428 482,693 Other policyholder funds 4,530,227 4,431,296 Reported but unpaid claims 4,891,922 3,365,872 Incurred but not reported claims 2,191,607 1,269,764 Gross future policy benefits and unpaid claims $ 825,600,918 $620,399,714 Receivable from reinsurers Life 11,040,398 6,702,328 Annuities 4,038,007 4,078,666 Accident and health 90,113 - Reported but unpaid claims 569,250 33,108 Incurred but not reported claims 10,000 6,000 Total receivable from reinsurers 15,747,768 10,820,102 Net future policy benefits and unpaid claims $ 809,853,150 $609,579,612

23) Revenues From Contracts Wit

23) Revenues From Contracts With Customers	12 Months Ended
	Dec. 31, 2019
Notes
23) Revenues From Contracts With Customers	23) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers. 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 total contract liability for future obligations is included in deferred pre-need cemetery and mortuary contract revenues on the consolidated balance sheets and, as of December 31, 2019 and 2018, the balances were $12,607,978 and 12,508,625, respectively. 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 (12/31/2019) 2,778,879 - 12,607,978 Increase/(decrease) (37,346) - 99,353 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2018) $ 3,608,379 $ - $ 12,873,068 Closing (12/31/2018) 2,816,225 - 12,508,625 Increase/(decrease) (792,154) - (364,443) (1) Included in Receivables, net on the consolidated balance sheets The following table disaggregates the opening and closing balances of the Company’s contract balances. Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,175,943 At-need specialty merchandise - 327,302 Pre-need land sales - 5,380 Opening (1/1/2019) $ - $ 12,508,625 Pre-need merchandise and services $ - $ 12,325,437 At-need specialty merchandise - 282,541 Pre-need land sales - - Closing (12/31/2019) $ - $ 12,607,978 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,620,596 At-need specialty merchandise - 236,572 Pre-need land sales - 15,900 Opening (1/1/2018) $ - $ 12,873,068 Pre-need merchandise and services $ - $ 12,175,943 At-need specialty merchandise - 327,302 Pre-need land sales - 5,380 Closing (12/31/2018) $ - $ 12,508,625 The amount of revenue recognized for the years ended December 31, 2019 and 2018 that was included in the opening contract liability balance was $3,558,103 and $2,623,903, 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. Years Ended December 31 2019 2018 Major goods/service lines At-need $ 12,334,777 $ 10,391,976 Pre-need 2,961,458 3,334,542 $ 15,296,235 $ 13,726,518 Timing of Revenue Recognition Goods transferred at a point in time $ 10,133,723 $ 9,100,851 Services transferred at a point in time 5,162,512 4,625,667 $ 15,296,235 $ 13,726,518 Significant Judgments and Estimates The Company's cemetery and mortuary segment recognizes revenue on future performance obligations when goods are delivered and when services are performed and is not determined by the terms or payments of the contract as long as any good or service is paid in full prior to delivery. Prices are determined based on the market at the time a contract is created. Goods or services are not partially completed. There are no significant judgements, estimations or allocation methods when revenue should be recognized. Practical Expedients The Company has not elected to use any of the practical expedients under ASC 606. Contract Costs The Company's cemetery and mortuary segment defers certain costs associated with obtaining a contract on future obligations. Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue Deferred Pre-need Land Revenue The following table disaggregates contract costs that are included in deferred policy and pre-need contract acquisition costs on the consolidated balances sheets. Years Ended December 31 2019 2018 Pre-need merchandise and services $ 3,590,266 $ 3,575,032 At-need specialty merchandise 10,688 15,926 Pre-need land sales - 1,237 $ 3,600,954 $ 3,592,195

24. Leases

24. Leases	12 Months Ended
	Dec. 31, 2019
Notes
24. Leases	24) Leases On January 1, 2019, the Company adopted Accounting Standards Update No. 2016-02 regarding Leases ASC Topic 842. See Note 1 regarding the adoption of this standard. A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. The Company determines if a contract is a lease at the inception of the contract. At the commencement date of a lease, the Company measures the lease liability at the present value of the lease payments over the lease term, discounted using the discount rate for the lease. The Company uses the rate implicit in the lease, if available, otherwise the Company uses its incremental borrowing rate. Also, at the commencement date of a lease, the Company measures the cost of the related right-of-use asset which consists of the amount of the initial measurement of the lease liability, any lease payments made to the lessor at or before the commencement date, minus any lease incentives received and any initial direct costs incurred by the Company. Information about the Nature of Leases and Subleases The Company leases office space and equipment from third-parties under various non-cancelable agreements. The Company has operating leases for office space for its segments in areas where it conducts business. The Company subleases some of this office space. The Company also has finance leases for certain equipment, such as copy machines and postage machines. The Company does not have any lease agreements with variable lease payments. The Company has not included any options to extend or terminate leases in the recognition of the right-of-use assets or lease liabilities because of the uncertainty that they will be exercised. No residual value guarantees have been provided to the Company. The Company does not have any restrictions or covenants imposed by leases. Leases that have not Commenced The Company does not have any leases that have not commenced that create significant rights or obligations for the Company. Related Party Lease Transactions The Company does not have any related party lease transactions that require disclosure as of December 31, 2019. Short-term Leases The Company made an accounting policy election not to apply the recognition requirements of ASC 842 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. Significant Judgments and Assumptions The Company does not use any significant judgments or assumptions regarding the determination of whether a contract contains a lease; the allocation of the consideration in a contract between lease and nonlease components; or the determination of the discount rates for the leases. The following table presents the Company’s total lease cost recognized in earnings, amounts capitalized as right-of- use assets and cash flows from lease transactions for the period presented: Year Ended December 31 2019 Lease Cost Finance lease cost: Amortization of right-of-use assets (1) $ 38,351 Interest on lease liabilities (2) 9,001 Operating lease cost (3) 5,706,490 Short-term lease cost (3)(4) 233,318 Sublease income (3) (663,242) Total lease cost $ 5,323,918 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,567,761 Operating cash flows from finance leases 9,001 Financing cash flows from finance leases 95,931 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 16,544,406 Finance leases 252,763 Weighted-average remaining lease term (in years) Finance leases 3.23 Operating leases 4.67 Weighted-average discount rate Finance leases 5.47% Operating leases 5.06% (1) Included in Depreciation on property and equipment on the consolidated statements of earnings (2) Included in Interest expense on the consolidated statements of earnings (3) Included in Rent and rent related expenses on the consolidated statements of earnings (4) Includes leases with a term of 12 months or less The following table presents the maturity analysis of the Company’s lease liabilities. Finance Leases Operating Leases Lease payments due in: 2020 $ 62,756 $ 4,241,547 2021 45,086 2,932,404 2022 32,646 1,780,183 2023 25,408 1,383,538 2024 2,542 1,061,520 Thereafter - 2,919,074 Total undiscounted lease payments 168,438 14,318,266 Less: Discount on cash flows (14,999) (2,912,290) Present value of lease liabilities $ 153,439 $ 11,405,976 The following table presents the Company’s right-of-use assets and lease liabilities for the period presented: Balance Sheet Location Year Ended December 31 2019 Operating Leases Right-of-use assets Other assets $ 11,267,247 Lease liabilities Other liabilities and accrued expenses $ 11,405,976 Finance Leases Right-of-use assets $ 248,565 Accumulated amortization (98,351) Right-of-use assets, net Property and equipment, net $ 150,214 Lease liabilities Bank and other loans payable $ 153,439 The Company is also a lessor and has operating lease agreements with various tenants that lease its commercial and residential properties. See Note 2 for information about the Company’s real estate held for investment.

25) Quarterly Financial Data (u

25) Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2019
Notes
25) Quarterly Financial Data (unaudited)	25) Quarterly Financial Data (Unaudited) 2019 Three Months Ended March 31 June 30 September 30 December 31 Revenues $ 61,493,835 $ 68,445,182 $ 75,379,659 $ 77,742,254 Benefits and expenses 59,061,676 63,821,339 70,619,837 75,614,143 Earnings before income taxes 2,432,159 4,623,843 4,759,822 2,128,111 Income tax expense (501,841) (1,143,789) (1,142,408) (262,378) Net earnings 1,930,318 3,480,054 3,617,414 1,865,733 Net earnings per common share (1) $0.11 $0.19 $0.20 $0.10 Net earnings per common share assuming dilution (1) $0.11 $0.19 $0.20 $0.10 2018 Three Months Ended March 31 June 30 September 30 December 31 Revenues $ 82,076,109 $ 68,865,126 $ 67,223,093 $ 61,454,399 Benefits and expenses 60,888,928 64,702,895 65,011,295 62,835,219 Earnings before income taxes 21,187,181 4,162,231 2,211,798 (1,380,820) Income tax expense (4,261,258) (924,014) (198,052) 889,013 Net earnings 16,925,923 3,238,217 2,013,746 (491,807) Net earnings per common share (1) $0.95 $0.18 $0.11 ($0.03) Net earnings per common share assuming dilution (1) $0.94 $0.18 $0.11 ($0.03) _______________________ (1) Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends.

26) Subsequent Events

26) Subsequent Events	12 Months Ended
	Dec. 31, 2019
Notes
26) Subsequent Events	26) Subsequent Events COVID-19 Since December 31, 2019, the outbreak of the novel strain of coronavirus, specifically identified as "COVID-19", has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. These measures, which include the implementation of travel bans, self-imposed quarantine periods and social distancing, have caused material disruption to businesses globally resulting in an economic slowdown. Global equity markets have experienced significant volatility and weakness. Governments and central banks have reacted with significant monetary and fiscal interventions designed to stabilize economic conditions. The duration and impact of the COVID-19 outbreak is unknown at this time, as is the efficacy of the government and central bank interventions. It is not possible to reliably estimate the length and severity of these developments and the impact on the financial results and condition of the Corporation and its operating subsidiaries in future periods. Further, these uncertainties have the potential to negatively affect the risk of credit default for the issuers of the Company’s debt securities and individual borrowers with mortgage loans held for the Company.

1) Significant Accounting Pol_2

1) Significant Accounting Policies: General Overview of Business (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
General Overview of Business	General Overview of Business Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three main business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance marketed primarily in the Intermountain West, California and eleven southern states. The cemetery and mortuary segment of the Company consists of eight mortuaries and five cemeteries in Utah and one cemetery in California. The mortgage segment is an approved government and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes and real estate projects primarily in Florida, Nevada, Texas, and Utah.

1) Significant Accounting Pol_3

1) Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP).

1) Significant Accounting Pol_4

1) Significant Accounting Policies: Principles of Consolidation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

1) Significant Accounting Pol_5

1) Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Use of Estimates	Use of Estimates Management of the Company has made a number of estimates and assumptions related to the reported amounts of assets and liabilities, reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with GAAP. 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.

1) Significant Accounting Pol_6

1) Significant Accounting Policies: Investments (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Investments	Investments The Company’s management determines the appropriate classifications of investments in fixed maturity securities and equity securities at the acquisition date and re-evaluates the classifications at each balance sheet date. Fixed maturity securities available for sale Fixed maturity securities held to maturity Equity securities Mortgage loans held for investment 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. Real estate held for investment Real estate held for sale Other investments and policy loans Gains and losses on investments (except for equity securities carried at fair value through net earnings)

1) Significant Accounting Pol_7

1) Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

1) Significant Accounting Pol_8

1) Significant Accounting Policies: Loans Held For Sale (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Loans Held For Sale	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. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale.

1) Significant Accounting Pol_9

1) Significant Accounting Policies: Mortgage Fee Income (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Mortgage Fee Income	Mortgage Fee Income Mortgage fee income consists of origination fees, processing fees, interest income and certain other income related to the origination of mortgage loans held for sale. All revenues and costs are recognized when the mortgage loan is funded and any changes in fair value are shown as a component of mortgage fee income. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. The Company, through its mortgage subsidiaries, sells mortgage loans to third-party investors without recourse unless defects are identified in the representations and warranties made at loan sale. It may be required, however, to repurchase a loan or pay a fee instead of repurchase under certain events, which include the following: · · · · · · · Loan purchase commitments generally specify a date 30 to 45 days after delivery upon which the underlying loans should be settled. Depending on market conditions, these commitment settlement dates can be extended at a cost to the Company. It is the Company's policy to cure any documentation problems regarding such loans at a minimal cost for up to a six-month time period and to pursue efforts to enforce loan purchase commitments from third-party investors concerning the loans. The Company believes that six months allows adequate time to remedy any documentation issues, to enforce purchase commitments, and to exhaust other alternatives. Remedial methods include the following: · Research reasons for rejection, · Provide additional documents, · Request investor exceptions, · Appeal rejection decision to purchase committee, and · Commit to secondary investors. Once purchase commitments have expired and other alternatives to remedy are exhausted, which could be earlier than the six-month time period, the loans are repurchased and transferred to the long-term investment portfolio at the lower of cost or fair value and previously recorded mortgage fee income that was to be received from a third-party investor is written off against the loan loss reserve. Determining Lower of Cost or Fair Value Cost for loans held for sale is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Fair value is often difficult to determine, but is based on the following: · For loans that are committed, the Company uses the commitment price. · For loans that are non-committed that have an active market, the Company uses the market price. · For loans that are non-committed where there is no market but there is a similar product, the Company uses the market value for the similar product. · For loans that are non-committed where no active market exists, the Company determines that the unpaid principal balance best approximates the market value, after considering the fair value of the underlying real estate collateral, estimated future cash flows, and the loan interest rate. The appraised value of the real estate underlying the original mortgage loan adds support to the Company’s determination of fair value because if the loan becomes delinquent, the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loan, thus minimizing credit losses. The majority of loans originated are sold to third-party investors. The amounts expected to be sold to investors are shown on the consolidated balance sheets as loans held for sale.

1) Significant Accounting Po_10

1) Significant Accounting Policies: Loan Loss Reserve (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Loan Loss Reserve	Loan Loss Reserve The loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on loans sold. The Company may be required to reimburse third-party investors for costs associated with early payoff of loans within the first six months of such loans and to repurchase loans where there is a default in any of the first four monthly payments to the investors or, in lieu of repurchase, to pay a negotiated fee to the investors. The Company’s estimates are based upon historical loss experience and the best estimate of the probable loan loss liabilities. Upon completion of a transfer that satisfies the conditions to be accounted for as a sale, the Company initially measures at fair value liabilities incurred in a sale relating to any guarantee or recourse provisions. The Company accrues a monthly allowance for indemnification losses to investors based on total production. This estimate is based on the Company’s historical experience and is included as a component of mortgage fee income. Subsequent updates to the recorded liability from changes in assumptions are recorded in selling, general and administrative expenses. The estimated liability for indemnification losses is included in other liabilities and accrued expenses. The loan loss reserve analysis involves mortgage loans that have been sold to third-party investors, which were believed to have met investor underwriting guidelines at the time of sale, where the Company has received a demand from the investor. There are generally three types of demands: make whole, repurchase, or indemnification. These types of demands are more particularly described as follows: Make whole demand Repurchase demand Indemnification demand The Company believes the allowance for loan losses and the loan loss reserve represent probable loan losses incurred as of the balance sheet date. Additional information related to the Loan Loss Reserve is included in Note 3.

1) Significant Accounting Po_11

1) Significant Accounting Policies: Restricted Assets (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Restricted Assets	Restricted Assets Restricted assets are assets held in a trust account for future mortuary services and merchandise and consist of cash and cash equivalents; participations in mortgage loans held for investment with Security National Life Insurance Company (“Security National Life”); mutual funds carried at estimated fair value; equity securities carried at estimated fair value; and a surplus note with Security National Life (which is eliminated in consolidation). Restricted assets also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company elected to fund its medical benefit safe-harbor limit based on the qualified direct costs, and has included this amount as a component of restricted cash.

1) Significant Accounting Po_12

1) Significant Accounting Policies: Cemetery Perpetual Care Trust Investments (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Cemetery Perpetual Care Trust Investments	Cemetery Perpetual Care Trust Investments Cemetery endowment care trusts have been set up for four of the six cemeteries owned by the Company. Of the six cemeteries owned by the Company, four cemeteries are endowment care properties. Under endowment care arrangements a portion of the price for each lot sold is withheld and invested in a portfolio of investments similar to those described in the prior paragraph. The earnings stream from the investments is designed to fund future maintenance and upkeep of the cemetery.

1) Significant Accounting Po_13

1) Significant Accounting Policies: Cemetery Land and Improvements (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Cemetery Land and Improvements	Cemetery Land and Improvements The development of a cemetery involves not only the initial acquisition of raw land but the installation of roads, water lines, landscaping and other costs to establish a marketable cemetery lot. The costs of developing the cemetery are shown as an asset on the balance sheet. The amount on the balance sheet is reduced by the total cost assigned to the development of a particular lot when the criterion for recognizing a sale of that lot is met.

1) Significant Accounting Po_14

1) Significant Accounting Policies: Deferred Policy Acquisition Costs and Value of Business Acquired (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs and Value of Business Acquired Commissions and other costs, net of commission and expense allowances for reinsurance ceded, that vary with and are primarily related to the production of new insurance business have been deferred. Deferred policy acquisition costs (“DAC”) for traditional life insurance are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For interest-sensitive insurance products, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges, investment, mortality and expense margins. This amortization is adjusted when estimates of current or future gross profits to be realized from a group of products are reevaluated. Deferred acquisition costs are written off when policies lapse or are surrendered. When accounting for DAC, the Company considers internal replacements of insurance and investment contracts. An internal replacement is a modification in product benefits, features, rights or coverage that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to contract, or by the election of a feature or coverage within a contract. Modifications that result in a replacement contract that is substantially changed from the replaced contract are accounted for as an extinguishment of the replaced contract. Unamortized DAC, unearned revenue liabilities and deferred sales inducements from the replaced contract are written-off. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract. Value of business acquired is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs.

1) Significant Accounting Po_15

1) Significant Accounting Policies: Mortgage Servicing Rights (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage Servicing Rights (“MSR”) arise from contractual agreements between the Company and third-party investors (or their agents) when mortgage loans are sold. Under these contracts, the Company is obligated to retain and provide loan servicing functions on loans sold, in exchange for fees and other remuneration. The servicing functions typically performed include, among other responsibilities, collecting and remitting loan payments; responding to borrower inquiries; accounting for principal and interest, holding custodial (impound) funds for payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising the acquisition of real estate owned and property dispositions. The total residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans. The value of MSRs is derived from the net cash flows associated with the servicing contracts. The Company receives a servicing fee of generally about 0.250% annually on the remaining outstanding principal balances of the loans. Based on the result of the cash flow analysis, an asset or liability is recorded for mortgage servicing rights. The servicing fees are collected from the monthly payments made by the mortgagors. The Company generally receives other remuneration including rights to various mortgagor-contracted fees such as late charges, and collateral reconveyance charges and the Company is generally entitled to retain the interest earned on funds held pending remittance of mortgagor principal, interest, tax and insurance payments. Contractual servicing fees and late fees are included in other revenues on the consolidated statements of earnings. The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with initial term of 30 years and MSRs backed by mortgage loans with initial term of 15 years. The Company distinguishes between these classes of MSRs due to their differing sensitivities to change in value as the result of changes in market. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. 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. Interest rate risk, prepayment risk, and default risk are inherent risks in MSR valuation. Interest rate changes largely drive prepayment rates. Refinance activity generally increases as rates decline. A significant decrease in rates beyond expectation could cause a decline in the value of the MSR. On the contrary, if rates increase borrowers are less likely to refinance or prepay their mortgage, which extends the duration of the loan and MSR values are likely to rise. Because of these risks, discount rates and prepayment speeds are used to estimate the fair value. 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.

1) Significant Accounting Po_16

1) Significant Accounting Policies: Property and Equipment (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method over the estimated useful lives of the assets which range from three to forty years. Leasehold improvements paid for by the Company as a lessee are amortized over the lesser of the useful life or remaining lease terms.

1) Significant Accounting Po_17

1) Significant Accounting Policies: Long-lived Assets (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Long-lived Assets	Long-lived Assets Long-lived assets to be held and used, including property and equipment and real estate held for investment, are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset, and long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. No impairment of long-lived assets has been recognized in the accompanying financial statements except for certain impairments of real estate held for investment as disclosed in Note 2.

1) Significant Accounting Po_18

1) Significant Accounting Policies: Derivative Instruments (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Derivative Instruments	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 consolidated balance sheets. Call and Put Option Derivatives 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 recognizes a gain from the expired 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 treated 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 realized gains (losses) on investments and other assets. Call and put options are shown in other liabilities and accrued expenses on the consolidated balance sheets.

1) Significant Accounting Po_19

1) Significant Accounting Policies: Allowance For Doubtful Accounts and Loan Losses and Impaired Loans (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Allowance For Doubtful Accounts and Loan Losses and Impaired Loans	Allowance for Doubtful Accounts and Loan Losses and Impaired Loans The Company records an allowance and recognizes an expense for potential losses from mortgage loans held for investment, other investments and receivables in accordance with GAAP. Receivables are the result of cemetery and mortuary operations, mortgage loan operations and life insurance operations. The allowance is based upon the Company’s historical experience for collectively evaluated impairment. Other allowances are based upon receivables individually evaluated for impairment. Collectability of the cemetery and mortuary receivables is significantly influenced by current economic conditions. The critical issues that impact recovery of mortgage loan operations are interest rate risk, loan underwriting, new regulations and the overall economy. The Company provides 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. See the schedules in Note 2 for additional information. In addition, when a mortgage loan is past due more than 90 days, the Company does not accrue any interest income. When a loan becomes delinquent, the Company proceeds to foreclose on the real estate and all expenses for foreclosure are expensed as incurred. Once foreclosed, an adjustment for the lower of cost or fair value is made, if necessary, and the amount is classified as real estate held for investment. The Company will rent the properties until it is deemed desirable to sell them. 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)

1) Significant Accounting Po_20

1) Significant Accounting Policies: Future Policy Benefits and Unpaid Claims (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Future Policy Benefits and Unpaid Claims	Future Policy Benefits and Unpaid Claims Future policy benefit reserves for traditional life insurance are computed using a net level method, including assumptions as to investment yields, mortality, morbidity, withdrawals, and other assumptions based on the life insurance subsidiaries’ experience, modified as necessary to give effect to anticipated trends and to include provisions for possible unfavorable deviations. Such liabilities are, for some plans, graded to equal statutory values or cash values at or prior to maturity, which are deemed a reasonable equivalent for GAAP. The range of assumed interest rates for all traditional life insurance policy reserves was 4% to 10%. Benefit reserves for traditional limited-payment life insurance policies include the deferred portion of the premiums received during the premium-paying period. Deferred premiums are recognized as income over the life of the policies. Policy benefit claims are charged to expense in the period the claims are incurred. Increases in future policy benefits are charged to expense. 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 3% to 6.5%. The Company records an unpaid claims liability for claims in the course of settlement equal to the death benefit amount less any reinsurance recoverable amount for claims reported. There is also an unpaid claims liability for claims incurred but not reported. This liability is based on the historical experience of the net amount of claims that were reported in reporting periods subsequent to the reporting period when claims were incurred.

1) Significant Accounting Po_21

1) Significant Accounting Policies: Participating Insurance (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Participating Insurance	Participating Insurance Participating business constituted 2% of insurance in force for the years ended 2019 and 2018. The provision for policyholders’ dividends included in policyholder obligations is based on dividend scales anticipated by management. Amounts to be paid are determined by the Board of Directors.

1) Significant Accounting Po_22

1) Significant Accounting Policies: Recognition of Insurance Premiums and Other Considerations (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Recognition of Insurance Premiums and Other Considerations	Recognition of Insurance Premiums and Other Considerations Premiums and other consideration for traditional life insurance products (which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited payment life insurance policies, and certain annuities with life contingencies) are recognized as revenues when due from policyholders. Premiums and other consideration for interest-sensitive insurance policies (which include universal life policies, interest-sensitive life policies, deferred annuities, and annuities without life contingencies) are recognized when earned and consist of amounts assessed against policyholder account balances during the period for policy administration charges and surrender charges.

1) Significant Accounting Po_23

1) Significant Accounting Policies: Reinsurance (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Reinsurance	Reinsurance The Company follows the procedure of reinsuring risks in excess of $100,000 to provide for greater diversification of business to allow management to control exposure to potential losses arising from large risks, and provide additional capacity for growth. The Company remains liable for amounts ceded in the event the reinsurers are unable to meet their obligations. The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100% of the risk for certain life insurance policies and certain other policy-related liabilities of the insurance company. Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Expense allowances received in connection with reinsurance ceded are accounted for as a reduction of the related policy acquisition costs and are deferred and amortized accordingly.

1) Significant Accounting Po_24

1) Significant Accounting Policies: Pre-need Sales and Costs (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Pre-need Sales and Costs	Pre-need Sales and Costs Pre-need contract sales of funeral services and caskets Sales of cemetery interment rights (cemetery burial property) Pre-need contract sales of cemetery merchandise (primarily markers and vaults) Pre-need contract sales of cemetery services (primarily merchandise delivery, installation fees and burial opening and closing fees) Prearranged funeral and pre-need cemetery customer acquisition costs Revenues and costs for at-need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant obligations remaining. The Company, through its cemetery and mortuary operations, provides guaranteed funeral arrangements wherein a prospective customer can receive future goods and services at guaranteed prices. To accomplish this, the Company, through its life insurance operations, sells to the customer an increasing benefit life insurance policy that is assigned to the mortuaries. If, at the time of need, the policyholder/potential mortuary customer utilizes one of the Company’s facilities, the guaranteed funeral arrangement contract that has been assigned will provide the funeral goods and services at the contracted price. The increasing life insurance policy will cover the difference between the original contract prices and current prices. Risks may arise if the difference cannot be fully met by the life insurance policy. However, management believes that given current inflation rates and related price increases of goods and services, the risk of exposure is minimal.

1) Significant Accounting Po_25

1) Significant Accounting Policies: Goodwill (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Goodwill	Goodwill Previous acquisitions have been accounted for as purchases under which assets acquired and liabilities assumed were recorded at their fair values with the excess purchase price recognized as goodwill. The Company evaluates annually or when changes in circumstances warrant the recoverability of goodwill and if there is a decrease in value, the related impairment is recognized as a charge against income. No impairment of goodwill has been recognized in the accompanying financial statements.

1) Significant Accounting Po_26

1) Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Income Taxes	Income Taxes Income taxes include taxes currently payable plus deferred taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the temporary differences in the financial reporting basis and tax basis of assets and liabilities and operating loss carry-forwards. Deferred tax assets are measured using enacted tax rates expected to apply to taxable income in the years in which these temporary differences are expected to be recovered or settled. Liabilities are established for uncertain tax positions expected to be taken in income tax returns when such positions are judged to meet the “more-likely-than-not” threshold based on the technical merits of the positions. Estimated interest and penalties related to uncertain tax penalties are included as a component of other expenses.

1) Significant Accounting Po_27

1) Significant Accounting Policies: Earnings Per Common Share (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Earnings Per Common Share	Earnings Per Common Share The Company computes earnings per share which requires presentation of basic and diluted earnings per share. Basic earnings per equivalent Class A common share are computed by dividing net earnings by the weighted-average number of Class A common shares outstanding during each year presented, after the effect of the assumed conversion of Class C common stock to Class A common stock. Diluted earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding during the year used to compute basic earnings per share plus dilutive potential incremental shares. Basic and diluted earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends.

1) Significant Accounting Po_28

1) Significant Accounting Policies: Stock Based Compensation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Stock Based Compensation	Stock Based Compensation The cost of employee services received in exchange for an award of equity instruments is recognized in the financial statements and is measured based on the fair value on the grant date of the award. The fair value of stock options is calculated using the Black Scholes Option Pricing Model. Stock option compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award and is included in personnel expenses on the consolidated statements of earnings.

1) Significant Accounting Po_29

1) Significant Accounting Policies: Concentration of Credit Risk (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Concentration of Credit Risk	Concentration of Credit Risk For a description of the geographic concentration risk regarding mortgage loans held for investment and real estate held for investment, refer to Note 2 of the Notes to Consolidated Financial Statements.

1) Significant Accounting Po_30

1) Significant Accounting Policies: Advertising (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Advertising	Advertising The Company expenses advertising costs as incurred.

1) Significant Accounting Po_31

1) Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2019 ASU No. 2016-02: “Leases (Topic 842)” 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)” ASU No. 2018-13: “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” ASU No. 2018-12: “Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts” 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.

1) Significant Accounting Po_32

1) Significant Accounting Policies: Other Intangibles (trade name and customer lists) (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Other Intangibles (trade name and customer lists)	Other Intangibles (trade name and customer lists) Other intangibles are recognized apart from goodwill whenever an acquired intangible asset arises from contractual or other legal rights, or whenever it is capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented, or exchanged, either individually or in combination with a related contract, asset, or liability. The Company engaged a valuation firm to analyze the value of the Kilpatrick Life name in conjunction with its acquisition. The value of the trade name is included in Other Assets and was determined using the income approach, relying on a relief from the royalty method.

2) Investments_ Held-to-maturit

2) Investments: Held-to-maturity Securities (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Held-to-maturity Securities	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2019 Fixed maturity securities available for sale at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 142,740,641 $ 632,185 $ (25,215) $ 143,347,611 Obligations of states and political subdivisions 7,450,366 87,812 (9,026) 7,529,152 Corporate securities including public utilities 156,599,184 16,768,449 (463,413) 172,904,220 Mortgage-backed securities 31,475,280 597,395 (240,177) 31,832,498 Redeemable preferred stock 364,339 - - 364,339 Total fixed maturity securities available for sale $ 338,629,810 $ 18,085,841 $ (737,831) $ 355,977,820 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,900,537 $ 1,139,799 $ (769,171) $ 7,271,165 Total equity securities at estimated fair value $ 6,900,537 $ 1,139,799 $ (769,171) $ 7,271,165 Mortgage loans held for investment at amortized cost: Residential $ 113,043,965 Residential construction 89,430,237 Commercial 38,718,220 Less: Unamortized deferred loan fees, net (2,391,567) Less: Allowance for loan losses (1,453,037) Less: Net discounts (653,272) Total mortgage loans held for investment $ 236,694,546 Real estate held for investment - net of accumulated depreciation: Residential $ 12,530,306 Commercial 90,226,640 Total real estate held for investment $ 102,756,946 Real estate held for sale: Residential $ 8,021,306 Commercial 6,076,321 Total real estate held for sale $ 14,097,627 Other investments and policy loans at amortized cost: Policy loans $ 14,762,805 Insurance assignments 41,062,965 Federal Home Loan Bank stock (1) 894,300 Other investments 4,973,225 Less: Allowance for doubtful accounts (1,448,026) Total policy loans and other investments $ 60,245,269 Accrued investment income $ 4,833,232 Total investments $ 781,876,605 (1) Includes $894,300 of Membership stock and $-0- of Activity stock due to short-term borrowings.
As of December 2018
Held-to-maturity Securities	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2018 Fixed maturity securities held to maturity at amortized cost: 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 policy loans and other investments $ 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.

2) Investments_ Schedule of Unr

2) Investments: Schedule of Unrealized Loss on Investments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2019 U.S. Treasury Securities and Obligations of U.S. Government Agencies $ 20,211 $ 30,629,288 $ 5,004 $ 10,000,400 $ 25,215 $ 40,629,688 Obligations of States and Political Subdivisions 9,026 3,062,889 - - 9,026 3,062,889 Corporate Securities 118,746 7,184,311 344,667 3,950,509 463,413 11,134,820 Mortgage and other asset-backed securities 205,470 13,266,443 34,707 502,769 240,177 13,769,212 Total unrealized losses $ 353,453 $ 54,142,931 $ 384,378 $ 14,453,678 $ 737,831 $ 68,596,609 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

2) Investments_ Investments Cla

2) Investments: Investments Classified by Contractual Maturity Date (Tables)	12 Months Ended
	Dec. 31, 2019
Held-to-maturity Securities
Investments Classified by Contractual Maturity Date	Amortized Estimated Fair Cost Value Due in 1 year $ 104,805,927 $ 104,845,243 Due in 2-5 years 67,412,618 69,126,500 Due in 5-10 years 71,110,341 76,249,550 Due in more than 10 years 63,461,305 73,559,690 Mortgage-backed securities 31,475,280 31,832,498 Redeemable preferred stock 364,339 364,339 Total held to maturity $ 338,629,810 $ 355,977,820

2) Investments_ Gain (Loss) on

2) Investments: Gain (Loss) on Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Gain (Loss) on Investments	2019 2018 Fixed maturity securities held to maturity: Gross realized gains $ 459,286 $ 522,937 Gross realized losses (162,649) (669,303) Equity securities: Gains (losses) on securities sold 256,520 (173,413) Unrealized gains (losses) on securities held at the end of the period 1,086,116 (1,053,756) Other assets: Gross realized gains 2,844,673 26,553,814 (1) Gross realized losses (3,755,579) (1,239,100) Total $ 728,367 $ 23,941,179 (1) Includes a one-time gain of $22,252,000 from the sale of Dry Creek at East Village Apartments.

2) Investments_ Schedule of Maj

2) Investments: Schedule of Major categories of net investment income (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Major categories of net investment income	2019 2018 Fixed maturity securities $ 10,372,559 $ 10,041,349 Equity securities 309,918 233,555 Mortgage loans held for investment 18,405,010 18,716,226 Real estate held for investment and sale 8,782,959 8,375,257 Policy loans 554,969 409,589 Insurance assignments 16,086,059 14,771,336 Other investments 184,439 227,930 Cash and cash equivalents 1,824,443 1,264,611 Gross investment income 56,520,356 54,039,853 Investment expenses (13,500,883) (14,126,586) Net investment income $ 43,019,473 $ 39,913,267

2) Investments_ Commercial Real

2) Investments: Commercial Real Estate Investment (Tables)	12 Months Ended
	Dec. 31, 2019
Commercial Real Estate, Held-for-Investment
Commercial Real Estate Investment	Net Ending Balance Total Square Footage 2019 2018 2019 2018 Arizona $ - $ 4,000 (1) - - Kansas - 6,861,898 - 222,679 Louisiana 6,009,079 467,694 125,114 7,063 Mississippi 2,951,478 3,329,948 21,521 33,821 New Mexico - 7,000 (1) - - Texas - 300,000 (2) - - Utah 81,266,083 (3) 81,080,251 465,230 502,129 $ 90,226,640 $ 92,050,791 611,865 765,692 (1) Undeveloped Land (2) Improved commercial pad (3) Includes Center53 phase 1 completed in July 2017
Commercial Real Estate, Held-for-Sale
Commercial Real Estate Investment	Net Ending Balance Total Square Footage 2019 2018 2019 2018 Arizona $ 2,500 (1) $ - - - Kansas 4,800,000 - 222,679 - Mississippi 318,322 - 12,300 - Nevada 655,499 - 4,800 - Texas 300,000 (2) - - - $ 6,076,321 $ - 239,779 - (1) Undeveloped land (2) Improved commercial pad

2) Investments_ Residential Rea

2) Investments: Residential Real Estate Investment (Tables)	12 Months Ended
	Dec. 31, 2019
Residential Real Estate, Held-for-Investment
Residential Real Estate Investment	Net Ending Balance 2019 2018 California $ - $ 2,644,321 Florida 2,487,723 6,534,277 Nevada 293,516 - Ohio - 10,000 Oklahoma - - Tennessee - 105,260 Texas - 139,174 Utah 9,462,886 (1) 19,598,218 (1) Washington 286,181 476,181 $ 12,530,306 $ 29,507,431 (1) Includes subdivision developments
Residential Real Estate, Held-for-Sale
Residential Real Estate Investment	Net Ending Balance 2019 2018 California 640,452 - Florida 1,300,641 - Ohio 10,000 - Utah 5,880,213 - Washington 190,000 - $ 8,021,306 $ -

2) Investments_ Real Estate Own

2) Investments: Real Estate Owned and Occupied by the Company (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Real Estate Owned and Occupied by the Company	Location Business Segment Approximate Square Footage Square Footage Occupied by the Company 121 W. Election Rd., Draper, UT Corporate Offices, Life Insurance and Cemetery/Mortuary Operations 78,979 18% 5201 Green Street, Salt Lake City, UT (1) Life Insurance and Mortgage Operations 39,157 73% 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 19,694 28% 1818 Marshall Street, Shreveport, LA (1)(2) Life Insurance Operations 12,274 100% 909 Foisy Street, Alexandria, LA (1)(2) Life Insurance Sales 8,059 100% 812 Sheppard Street, Minden, LA (1)(2) Life Insurance Sales 1,560 100% 1550 N 3rd Street, Jena, LA (1)(2) Life Insurance Sales 1,737 100%

2) Investments_ Schedule of All

2) Investments: Schedule of Allowance for loan losses as a contra-asset account (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Allowance for loan losses as a contra-asset account	Allowance for Credit Losses and Recorded Investment in Mortgage Loans Held for Investment Years Ended December 31 Commercial Residential Residential Construction Total 2019 Allowance for credit losses: Beginning balance $ 187,129 $ 1,125,623 $ 35,220 $ 1,347,972 Charge-offs - (32,692) - (32,692) Provision - 129,775 7,982 137,757 Ending balance $ 187,129 $ 1,222,706 $ 43,202 $ 1,453,037 Ending balance: individually evaluated for impairment $ - $ 195,993 $ - $ 195,993 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,026,713 $ 43,202 $ 1,257,044 Mortgage loans: Ending balance $ 38,718,220 $ 113,043,965 $ 89,430,237 $ 241,192,422 Ending balance: individually evaluated for impairment $ 4,488,719 $ 3,752,207 $ 655,000 $ 8,895,926 Ending balance: collectively evaluated for impairment $ 34,229,501 $ 109,291,758 $ 88,775,237 $ 232,296,496 2018 Allowance for credit losses: Beginning balance $ 187,129 $ 1,546,447 $ 35,220 $ 1,768,796 Charge-offs - (5,725) - (5,725) Provision - (415,099) - (415,099) Ending balance $ 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

2) Investments_ Schedule of agi

2) Investments: Schedule of aging of mortgage loans (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of aging of mortgage loans	Age Analysis of Past Due Mortgage Loans Held for Investment Years Ended December 31 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 Unamortized discounts, net Net Mortgage Loans 2019 Commercial $ 1,872,000 $ - $ 4,488,719 $ - $ 6,360,719 $ 32,357,501 $ 38,718,220 $ (187,129) $ (88,918) $ (653,272) $ 37,788,901 Residential 10,609,296 4,085,767 2,100,742 1,651,465 18,447,270 94,596,695 113,043,965 (1,222,706) (1,567,581) - 110,253,678 Residential Construction - - 655,000 - 655,000 88,775,237 89,430,237 (43,202) (735,068) - 88,651,967 Total $ 12,481,296 $ 4,085,767 $ 7,244,461 $ 1,651,465 $ 25,462,989 $ 215,729,433 $ 241,192,422 $ (1,453,037) $ (2,391,567) $ (653,272) $ 236,694,546 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) There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

2) Investments_ Schedule of Imp

2) Investments: Schedule of Impaired Mortgage Loans (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Impaired Mortgage Loans	Impaired Loans Years Ended December 31 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized 2019 With no related allowance recorded: Commercial $ 4,488,719 $ 4,488,719 $ - $ 1,499,043 $ - Residential 2,254,189 2,254,189 - 3,367,151 - Residential construction 655,000 655,000 - 1,457,278 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,498,018 1,498,018 195,993 665,270 - Residential construction - - - - - Total: Commercial $ 4,488,719 $ 4,488,719 $ - $ 1,499,043 $ - Residential 3,752,207 3,752,207 195,993 4,032,421 - Residential construction 655,000 655,000 - 1,457,278 - 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 -

2) Investments_ Schedule Of Cre

2) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Tables)	12 Months Ended
	Dec. 31, 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 Years Ended December 31 Commercial Residential Residential Construction Total 2019 2018 2019 2018 2019 2018 2019 2018 Performing $ 34,229,501 $ 27,589,745 $ 109,291,758 $ 86,995,949 $ 88,775,237 $ 70,863,553 $ 232,296,496 $ 185,449,247 Non-performing 4,488,719 196,182 3,752,207 2,939,651 655,000 502,991 8,895,926 3,638,824 Total $ 38,718,220 $ 27,785,927 $ 113,043,965 $ 89,935,600 $ 89,430,237 $ 71,366,544 $ 241,192,422 $ 189,088,071

2) Investments_ Schedule of Mor

2) Investments: Schedule of Mortgage loans on a nonaccrual status (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Mortgage loans on a nonaccrual status	Mortgage Loans on Non-accrual Status Years Ended December 31 2019 2018 Commercial $ 4,488,719 $ 196,182 Residential 3,752,207 2,939,651 Residential construction 655,000 502,991 Total $ 8,895,926 $ 3,638,824

2) Investments_ Schedule of Pri

2) Investments: Schedule of Principal amounts due on mortgage loans held for investment by category (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Principal amounts due on mortgage loans held for investment by category	Principal Principal Principal Amounts Amounts Amounts Due in Due in Due Total 1 Year 2-5 Years Thereafter Residential $ 113,043,965 $ 6,234,913 $ 27,161,628 $ 79,647,424 Residential Construction 89,430,237 $ 60,376,688 $ 29,053,549 - Commercial 38,718,220 24,175,464 4,020,999 10,521,757 Total $ 241,192,422 $ 90,787,065 $ 60,236,176 $ 90,169,181

3) Loans Held For Sale_ Aggrega

3) Loans Held For Sale: Aggregate fair value - Loans Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Aggregate fair value - Loans Held for Sale	As of December 31 2019 As of December 31 2018 Aggregate fair value $ 213,457,632 $ 136,210,853 Unpaid principal balance 206,417,122 131,663,946 Unrealized gain 7,040,510 4,546,907 8)

3) Loans Held For Sale_ Schedul

3) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Mortgage Fee Income for Loans Held for Sale	2019 2018 Loan fees $ 28,660,966 $ 27,429,237 Interest income 6,978,930 6,156,796 Secondary gains 93,581,956 80,416,718 Change in fair value of loan commitments 899,417 (404,773) Change in fair value of loans held for sale 2,498,097 3,736,209 Provision for loan loss reserve (643,284) (1,148,334) Mortgage fee income $ 131,976,082 $ 116,185,853

3) Loans Held For Sale_ Sched_2

3) Loans Held For Sale: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of loan loss reserve which is included in other liabilities and accrued expenses	December 31 2019 2018 Balance, beginning of period $ 3,604,869 $ 2,571,524 Provision for current loan originations (1) 643,284 1,148,334 Charge-offs, net of recaptured amounts (201,865) (114,989) Balance, at December 31 $ 4,046,288 $ 3,604,869 (1) Included in Mortgage fee income

4) Receivables_ Schedule of Rec

4) Receivables: Schedule of Receivables (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Receivables	December 31 2019 2018 Trade contracts $ 2,795,471 $ 2,816,225 Receivables from sales agents 2,962,571 3,079,688 Other 5,202,444 4,559,272 Total receivables 10,960,486 10,455,185 Allowance for doubtful accounts (1,724,156) (1,519,842) Net receivables $ 9,236,330 $ 8,935,343

5) Value of Business Acquired_2

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Value of Business Acquired	December 31 2019 2018 Balance at beginning of year $ 5,765,190 $ 6,588,759 Value of business acquired 4,962,831 (1) - Imputed interest at 7% included in earnings 472,916 421,122 Amortization included in earnings (1,320,456) (1,244,691) Shadow amortization included in other comprehensive income (3,834) - Net amortization (851,374) (823,569) Balance at end of year $ 9,876,647 $ 5,765,190 (1) See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company

5) Value of Business Acquired_3

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Carrying Value of Intangible Asset (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Carrying Value of Intangible Asset	December 31 Useful Life 2019 2018 Intangible asset - customer lists 15 years $ 890,000 (1) $ 890,000 (1) Intangible asset - trade name 15 years $ 610,000 (2) $ - Less accumulated amortization (98,222) (34,611) Balance at end of year $ 1,401,778 $ 855,389 (1) See Note 20 regarding the acquisition of Beta Capital Corp. (2) See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company

5) Value of Business Acquired_4

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Goodwill by Segment (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Goodwill by Segment	Life Insurance Cemetery/Mortuary Total Balance at January 1, 2018: Goodwill $ 2,765,570 $ - $ 2,765,570 Accumulated impairment - - - Total goodwill, net 2,765,570 - 2,765,570 Balance at December 31, 2018: Goodwill 2,765,570 - 2,765,570 Accumulated impairment - - - Total goodwill, net 2,765,570 - 2,765,570 Acquisition - 754,018 (1) 754,018 Balance at December 31, 2019: Goodwill 2,765,570 754,018 3,519,588 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 754,018 $ 3,519,588 (1) See Note 20 regarding the acquisition of Probst Family Funerals and Cremations and Heber Valley Funeral Home

6) Property and Equipment_ Prop

6) Property and Equipment: Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Property, Plant and Equipment	December 31 2019 2018 Land and buildings $ 15,131,301 $ 7,775,922 Furniture and equipment 18,987,984 16,731,457 34,119,285 24,507,379 Less accumulated depreciation (19,518,891) (17,496,601) Total $ 14,600,394 $ 7,010,778

7) Bank and Other Loans Payab_2

7) Bank and Other Loans Payable: Summary of Bank Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summary of Bank Loans Payable	December 31 2019 2018 2.25% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate note payable in monthly principal payments of $13,167 plus interest, collateralized by real property with a book value of approximately $4,244,000, due September 2021. $ 2,659,769 $ 2,817,775 4.27% fixed note payable in monthly installments of $53,881 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2021. 1,238,619 1,817,905 Prime rate note payable in monthly installments of $75,108 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2024. 4,000,000 - 4.40% fixed note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,923,000, due January 2026. 7,247,651 7,492,140 4.329% fixed note payable in monthly installments of $9,775 including principal and interest, collateralized by real property with a book value of approximately $3,261,000, due September 2025. 1,896,450 1,929,725 2.5% above the monthly LIBOR rate plus 1/16th of the monthly LIBOR rate construction loan payable in monthly principal payments of $113,000 plus interest, collateralized by real property with a book value of approximately $49,378,000, due August 2020. 33,811,559 30,796,861 4.7865% fixed interest only note payable in monthly installments, collateralized by real property with a book value of approximately $18,009,000, due June 2028. 9,200,000 9,200,000 1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures June 2020. 88,509,536 60,438,156 1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures September 2020. 67,537,600 25,680,649 Other short-term borrowings (1) 1,250,000 47,250,000 Finance lease liabilities 153,439 - Other loans payable 67,989 97,977 Total bank and other loans 217,572,612 187,521,188 Less current installments 192,985,602 165,219,632 Bank and other loans, excluding current installments $ 24,587,010 $ 22,301,556 (1) Federal Home Loan Bank and Revolving Lines of Credit

7) Bank and Other Loans Payab_3

7) Bank and Other Loans Payable: Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable	2019 $ 192,985,602 2020 4,256,684 2021 1,151,703 2022 1,218,742 2023 1,247,461 Thereafter 16,712,420 Total $ 217,572,612

8) Cemetery Perpetual Care Tr_2

8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets: Schedule of the components of the cemetery perpetual care obligation (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of the components of the cemetery perpetual care obligation	December 31 2019 2018 Cash and cash equivalents $ 1,306,740 $ 1,557,506 Fixed maturity securities, available for sale, at estimated fair value 975,673 990,390 Equity securities, at estimated fair value 1,605,451 483,353 Commerical mortgage loans held for investment 524,000 - Real estate held for investment - 1,304,620 Note receivables from Cottonwood Mortuary, Singing Hills Cemetery and Memorial Estates eliminated in consolidation 1,541,120 1,606,155 Total cemetery perpetual care trust investments 5,952,984 5,942,024 Cemetery perpetual care obligation (3,933,719) (3,821,979) Trust investments in excess of trust obligations $ 2,019,265 $ 2,120,045

8) Cemetery Perpetual Care Tr_3

8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	December 31 2019 2018 Cash and cash equivalents (1) $ 8,674,214 $ 7,179,225 Mutual funds, at estimated fair value - 677,795 Fixed maturity securities, available for sale, at estimated fair value 1,008,867 1,258,397 Equity securities, at estimated fair value 1,976,480 66,878 Participating interests in mortgage loans held for investment with Security National Life 2,275,756 1,799,267 Total $ 13,935,317 $ 10,981,562 (1) Including cash and cash equivalents of $7,170,092 and $5,668,580 as of December 31, 2019 and 2018, respectively, for the life insurance and mortgage segments.

9) Income Taxes_ Summary of Inc

9) Income Taxes: Summary of Income Tax Liability (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summary of Income Tax Liability	December 31 2019 2018 Current $ 1,410,153 $ 473,800 Deferred 17,276,819 15,649,198 Total $ 18,686,972 $ 16,122,998

9) Income Taxes_ Schedule of De

9) Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	December 31 2019 2018 Assets Future policy benefits $ (12,450,229) $ (8,293,592) Loan loss reserve (1,053,256) (938,496) Unearned premium (760,556) (823,299) Available for sale securities - (366,279) Net operating loss (438,420) (593,272) Deferred compensation (1,996,865) (1,677,118) Deposit obligations (619,633) (610,769) Other (1,020,718) (185,557) Less: Valuation allowance 2,439,394 - Total deferred tax assets (15,900,283) (13,488,382) Liabilities Deferred policy acquisition costs 15,536,717 15,255,960 Basis difference in property and equipment 3,638,512 4,309,162 Value of business acquired 2,074,096 1,210,690 Deferred gains 5,169,104 6,267,373 Trusts 1,064,387 1,064,387 Tax on unrealized appreciation 5,694,286 1,030,008 Total deferred tax liabilities 33,177,102 29,137,580 Net deferred tax liability $ 17,276,819 $ 15,649,198

9) Income Taxes_ Schedule of Co

9) Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2019 2018 Current Federal $ 4,404,041 $ 6,933,145 State 504,272 166,567 4,908,313 7,099,712 Deferred Federal (1,551,725) (1,838,947) State (306,172) (766,454) (1,857,897) (2,605,401) Total $ 3,050,416 $ 4,494,311

9) Income Taxes_ Schedule of Ef

9) Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	2019 2018 Computed expense at statutory rate $ 2,928,226 $ 5,497,882 State tax expense, net of federal tax benefit 156,499 (473,911) Change in valuation allowance 194,364 - Other, net (228,673) (529,660) Income tax expense $ 3,050,416 $ 4,494,311

9) Income Taxes_ Summary of Ope

9) Income Taxes: Summary of Operating Loss Carryforwards (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summary of Operating Loss Carryforwards	Year of Expiration 2020 $ 114,601 2021 17,101 2022 - 2023 - 2024 - Thereafter up through 2037 1,701,126 $ 1,832,828

12) Capital Stock_ Share-based

12) Capital Stock: Share-based Payment Arrangement, Option, Activity (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Share-based Payment Arrangement, Option, Activity	Class A Class C Outstanding shares at December 31, 2017 14,535,577 2,089,374 Exercise of stock options 38,473 - Stock dividends 730,560 104,457 Conversion of Class C to Class A 188 (188) Outstanding shares at December 31, 2018 15,304,798 2,193,643 Exercise of stock options 32,517 191,443 Stock dividends 767,178 119,087 Conversion of Class C to Class A 3,286 (3,286) Outstanding shares at December 31, 2019 16,107,779 2,500,887

12) Capital Stock_ Schedule of

12) Capital Stock: Schedule of Earnings Per Share, Basic and Diluted (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	2019 2018 Numerator: Net earnings $ 10,893,519 $ 21,686,079 Denominator: Denominator for basic earnings per share-weighted-average shares 18,104,681 17,968,062 Effect of dilutive securities Employee stock options 124,435 220,603 Dilutive potential common shares 124,435 220,603 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 18,229,116 18,188,665 Basic earnings per share $0.60 $1.21 Diluted earnings per share $0.60 $1.19

13) Stock Compensation Plans_ S

13) Stock Compensation Plans: Schedule of Assumptions Used (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Assumptions Used	Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 6, 2019 All Plans $ 0.96 5% $ 5.19 32.79% 1.64% 4.83 January 17, 2019 All Plans $ 1.12 5% $ 4.98 36.04% 2.56% 5.31 November 30, 2018 All Plans $ 1.12 5% $ 4.91 34.61% 2.86% 4.56

13) Stock Compensation Plans__2

13) Stock Compensation Plans: Schedule of Activity of Stock Option Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Activity of Stock Option Plans	Number ofClass A Shares Weighted Average Exercise Price Number ofClass C Shares Weighted Average Exercise Price Outstanding at January 1, 2018 880,426 $ 4.35 523,603 $ 5.24 Adjustment for the effect of stock dividends 48,168 27,491 Granted 142,000 90,000 Exercised (42,211) - Cancelled (17,109) (63,814) Outstanding at December 31, 2018 1,011,274 $ 4.49 577,280 $ 5.15 Adjustment for the effect of stock dividends 51,018 28,295 Granted 81,000 180,000 Exercised (45,834) (191,443) Cancelled (11,405) - Outstanding at December 31, 2019 1,086,053 $ 4.41 594,132 $ 5.36 Exercisable at end of year 1,002,603 $ 4.34 405,132 $ 5.40 Available options for future grant 205,664 - Weighted average contractual term of options outstanding at December 31, 2019 5.62 years 5.82 years Weighted average contractual term of options exercisable at December 31, 2019 5.26 years 4.54 years Aggregated intrinsic value of options outstanding at December 31, 2019 (1) $1,291,602 $2,177,223 Aggregated intrinsic value of options exercisable at December 31, 2019 (1) $1,259,786 $159,028 (1) The Company used a stock price of $5.57 as of December 31, 2019 to derive intrinsic value.

14) Statutory Financial Infor_2

14) Statutory Financial Information and Dividend Limitations: Schedule of statutory accounting practices (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of statutory accounting practices	Statutory Net Income Statutory Capital and Surplus 2019 2018 2019 2018 Amounts by insurance subsidiary: Security National Life Insurance Company $ 3,589,552 $17,963,528 $ 49,390,181 $ 47,184,064 Kilpatrick Life Insurance Company 12,752,100 (1) - 15,208,071 - First Guaranty Insurance Company 1,078,733 1,042,683 6,352,670 5,786,369 Memorial Insurance Company of America (107) 94 1,088,559 1,088,880 Southern Security Life Insurance Company, Inc. 87 68 1,588,396 1,586,915 Trans-Western Life Insurance Company 3,773 5,460 512,163 508,390 Total $ 17,424,138 $19,011,833 $ 74,140,040 $ 56,154,618 (1) Includes 12 months even though Kilpatrick Life Insurance Company wasn't acquired by the Company until December 2019.

15) Business Segment Informat_2

15) Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Segment Reporting Information, by Segment	2019 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 81,860,610 $ 15,296,235 $ 131,976,082 $ - $ 229,132,927 Net investment income 41,610,831 579,995 828,647 - 43,019,473 Gains on investments and other assets 138,330 530,098 59,939 - 728,367 Other revenues 2,128,961 95,197 7,956,005 - 10,180,163 Intersegment revenues: Net investment income 4,455,034 443,548 508,637 (5,407,219) - Total revenues 130,193,766 16,945,073 141,329,310 (5,407,219) 283,060,930 Expenses: Death, surrenders and other policy benefits 44,911,805 - - - 44,911,805 Increase in future policy benefits 23,568,497 - - - 23,568,497 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 14,199,152 435,425 - - 14,634,577 Selling, general and administrative expenses: Commissions 3,632,780 1,084,079 52,046,032 - 56,762,891 Personnel 20,311,591 5,177,810 38,731,869 - 64,221,270 Advertising 595,118 368,173 3,821,267 - 4,784,558 Rent and rent related 451,380 47,525 6,556,551 - 7,055,456 Depreciation on property and equipment 477,247 428,633 805,489 - 1,711,369 Cost related to funding mortgage loans - - 6,278,954 - 6,278,954 Intersegment 412,853 180,594 544,463 (1,137,910) - Other 11,769,097 3,241,023 19,912,641 - 34,922,761 Interest expense: Intersegment 490,756 154,615 3,623,938 (4,269,309) - Other 2,808,081 288,768 4,289,839 - 7,386,688 Costs of goods and services sold-mortuaries and cemeteries - 2,878,169 - - 2,878,169 Total benefits and expenses 123,628,357 14,284,814 136,611,043 (5,407,219) 269,116,995 Earnings before income taxes $ 6,565,409 $ 2,660,259 $ 4,718,267 $ - $ 13,943,935 Income tax benefit (expense) (1,085,848) (649,144) (1,315,424) - (3,050,416) Net earnings $ 5,479,561 $ 2,011,115 $ 3,402,843 $ - $ 10,893,519 Identifiable assets $ 1,110,641,526 $ 81,014,182 $ 249,970,323 $ (110,701,544) $ 1,330,924,487 Goodwill $ 2,765,570 $ 754,018 $ - $ - $ 3,519,588 2018 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 75,928,910 $ 13,726,518 $ 116,185,853 $ - $ 205,841,281 Net investment income 38,720,365 283,343 909,559 - 39,913,267 Gains on investments and other assets 21,396,282 2,301,342 243,555 - 23,941,179 Other revenues 1,636,901 128,797 8,157,302 - 9,923,000 Intersegment revenues: Net investment income 3,972,532 429,312 503,794 (4,905,638) - Total revenues 141,654,990 16,869,312 126,000,063 (4,905,638) 279,618,727 Expenses: Death, surrenders and other policy benefits 39,185,087 - - - 39,185,087 Increase in future policy benefits 24,332,088 - - - 24,332,088 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 11,270,579 360,767 - - 11,631,346 Selling, general and administrative expenses: Commissions 3,242,745 1,222,642 45,825,965 - 50,291,352 Personnel 18,489,063 4,773,866 44,106,023 - 67,368,952 Advertising 566,154 333,852 3,702,585 - 4,602,591 Rent and rent related 321,701 33,138 7,250,536 - 7,605,375 Depreciation on property and equipment 400,686 372,469 1,093,846 - 1,867,001 Cost related to funding mortgage loans - - 6,423,944 - 6,423,944 Intersegment 402,213 182,009 531,370 (1,115,592) - Other 10,094,626 3,046,902 17,873,471 - 31,014,999 Interest expense: Intersegment 481,587 173,807 3,134,652 (3,790,046) - Other 2,744,841 294,535 3,917,331 - 6,956,707 Costs of goods and services sold-mortuaries and cemeteries - 2,158,895 - - 2,158,895 Total benefits and expenses 111,531,370 12,952,882 133,859,723 (4,905,638) 253,438,337 Earnings before income taxes $ 30,123,620 $ 3,916,430 $ (7,859,660) $ - $ 26,180,390 Income tax benefit (expense) (5,275,662) (946,820) 1,728,171 - (4,494,311) Net earnings $ 24,847,958 $ 2,969,610 $ (6,131,489) $ - $ 21,686,079 Identifiable assets $ 928,251,387 $ 90,639,130 $ 159,680,649 $ (130,525,613) $ 1,048,045,553 Goodwill $ 2,765,570 $ - $ - $ - $ 2,765,570

17) Fair Value of Financial I_2

17) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 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 Fixed maturity securities available for sale $ 355,977,820 $ - $ 352,761,438 $ 3,216,382 Equity securities 7,271,165 7,271,165 - - Loans held for sale 213,457,632 - - 213,457,632 Restricted assets (1) 1,008,867 - 1,008,867 - Restricted assets (2) 1,976,480 1,976,480 - - Cemetery perpetual care trust investments (1) 975,673 - 975,673 - Cemetery perpetual care trust investments (2) 1,605,451 1,605,451 - - Derivatives - loan commitments (3) 2,722,580 - - 2,722,580 Total assets accounted for at fair value on a recurring basis $ 584,995,668 $ 10,853,096 $ 354,745,978 $ 219,396,594 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (62,265) $ (62,265) $ - $ - Derivatives - put options (4) (22,282) (22,282) - - Derivatives - loan commitments (4) (231,347) - - (231,347) Total liabilities accounted for at fair value on a recurring basis $ (315,894) $ (84,547) $ - $ (231,347) (1) Fixed maturity securities available for sale (2) Mutual funds and equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the 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 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 consolidated balance sheets (3) Included in other liabilities and accrued expenses on the consolidated balance sheets

17) Fair Value of Financial I_3

17) Fair Value of Financial Instruments: Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets	Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2019 Technique Input(s) Value Value Average Loans held for sale $ 213,457,632 Market approach Investor contract pricing as a percentage of unpaid principal balance 98.0% 109.0% 103.0% Derivatives - loan commitments (net) 2,491,233 Market approach Fall-out factor 1.0% 92.0% 81.0% Initial-Value N/A N/A N/A Servicing 0 bps 318 bps 79 bps Fixed maturity securities available for sale 3,216,382 Broker quotes Pricing quotes $ 95.02 $ 115.80 $ 107.98

17) Fair Value of Financial I_4

17) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2018 $ 1,591,816 $ 136,210,853 $ - Originations/purchases - 2,606,839,175 - Sales - (2,580,875,055) - Transfer to mortgage loans held for investment - (31,881,851) - Transfer from fixed maturity securities held to maturity - 3,216,382 Total gains (losses): Included in earnings (1) 899,417 83,164,510 - Balance - December 31, 2019 $ 2,491,233 $ 213,457,632 $ 3,216,382 (1) As a component of mortgage fee income on the consolidated statements of earnings
As of December 2018
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs	Net Derivatives 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 consolidated statements of earnings

17) Fair Value of Financial I_5

17) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Fair Value Assets Measured on a Nonrecurring 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 nonrecurring basis Impaired mortgage loans held for investment $ 1,302,025 $ - $ - $ 1,302,025 Impaired real estate held for investment 8,375,884 - - 8,375,884 Total assets accounted for at fair value on a nonrecurring basis $ 9,677,909 $ - $ - $ 9,677,909
As of December 2018
Fair Value Assets Measured on a Nonrecurring 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 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

17) Fair Value of Financial I_6

17) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Schedule of Financial Instruments Carried at Other Than Fair Value	Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 110,253,678 $ - $ - $ 115,320,638 $ 115,320,638 Residential construction 88,651,967 - - 88,651,967 88,651,967 Commercial 37,788,901 - - 39,289,462 39,289,462 Mortgage loans held for investment, net $ 236,694,546 $ - $ - $ 243,262,067 $ 243,262,067 Policy loans 14,762,805 - - 14,762,805 14,762,805 Insurance assignments, net (1) 39,614,939 - - 39,614,939 39,614,939 Restricted assets (2) 2,275,756 - - 2,289,679 2,289,679 Cemetery perpetual care trust investments (2) 524,000 - - 536,553 536,553 Mortgage servicing rights, net 17,155,529 - - 22,784,571 22,784,571 Liabilities Bank and other loans payable $ (217,572,612) $ - $ - $ (217,572,612) $ (217,572,612) Policyholder account balances (3) (45,154,180) - - (41,828,469) (41,828,469) Future policy benefits - annuities (3) (113,579,830) - - (117,304,614) (117,304,614) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets
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 - - 34,168,868 34,168,868 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 consolidated balance sheets (2) Fixed maturity securities held to maturity (3) Participation in mortgage loans held for investment (4) Included in future policy benefits and unpaid claims on the consolidated balance sheets

18) Accumulated Other Compreh_2

18) Accumulated Other Comprehensive Income: Schedule of Changes in accumulated other comprehensive income (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Changes in accumulated other comprehensive income	December 31 2019 2018 Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01) for equity securities $ - $ (603,170) Unrealized gains on fixed maturity securities available for sale 17,315,770 - Reclassification adjustment for net realized gains in net income - - Net unrealized gains before taxes 17,315,770 - Tax expense (3,636,311) - Net 13,679,459 - Unrealized gains on restricted assets (1) 35,550 - Tax expense (8,856) - Net 26,694 - Unrealized gains on cemetery perpetual care trust investments (1) 29,904 - Tax expense (7,449) - Net 22,455 - Unrealized gains for foreign currency translations adjustments 972 (3,761) Tax expense (243) 938 Net 729 (2,823) Other comprehensive income changes $ 13,729,337 $ (605,993) _______________ (1) Fixed maturity securities available for sale

18) Accumulated Other Compreh_3

18) Accumulated Other Comprehensive Income: Accumulated Balances of Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2019
As of December 31, 2019
Accumulated Balances of Other Comprehensive Income	Beginning Balance December 31, 2018 Change for the period Ending Balance December 31,2019 Unrealized gains on fixed maturity securities available for sale $ - $ 13,679,459 $ 13,679,459 Unrealized gains on restricted assets (1) - 26,694 26,694 Unrealized gains on cemetery perpetual care trust investments (1) - 22,455 22,455 Foreign currency translation adjustments (2,823) 729 (2,094) Other comprehensive income (loss) $ (2,823) $ 13,729,337 $ 13,726,514 (1) Fixed maturity securities available for sale
As of December 2018
Accumulated Balances of Other Comprehensive Income	Beginning Balance December 31, 2017 Change for the period Ending Balance December 31,2018 Unrealized gains on equity securities, restricted assets and cemetery perpetual care trust investments $ 603,170 $ (603,170) (1) $ - Foreign currency translation adjustments - (2,823) (2,823) Other comprehensive income (loss) $ 603,170 $ (605,993) $ (2,823) (1) Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)

19) Derivative Instruments_ Sch

19) Derivative Instruments: Schedule of Fair Values and Notional Amounts of Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Fair Values and Notional Amounts of Derivative Instruments	Fair Values and Notional Amounts of Derivative Instruments December 31, 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 $224,202,514 $2,722,580 $231,347 $ 93,758,218 $1,969,967 $378,151 Call options Other liabilities 1,813,500 -- 62,265 805,500 -- 4,629 Put options Other liabilities 1,573,100 -- 22,282 4,861,700 -- 296,053 Total $225,326,654 $2,722,580 $315,894 $ 99,425,418 $1,969,967 $678,833

19) Derivative Instruments_ S_2

19) Derivative Instruments: Schedule of Gains and Losses on Derivatives (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Gains and Losses on Derivatives	Net Amount Gain (Loss) Years ended December 31 Derivative Classification 2019 2018 Loan commitments Mortgage fee income $ 899,417 $ (404,773) Call and put options Gains on investments and other assets $ 626,208 $ 187,786

20) Acquisitions_ Estimated Fai

20) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Tables)	12 Months Ended
	Dec. 31, 2019
Coinsurance Agreement
Estimated Fair Values of Assets Acquired and Liabilities Assumed	Other investments and policy loans $ 9,124,459 Real estate held for investment 2,850,000 Mortgage loans held for investment 200,000 Receivables 131,258 Total assets acquired 12,305,717 Future policy benefits and unpaid claims (165,404,970) Other liabilities and accrued expenses (5,259,341) Total liabilities assumed (170,664,311) Cash received for reinsurance assumed $ 158,358,594
Kilpatrick Life Insurance Co
Estimated Fair Values of Assets Acquired and Liabilities Assumed	Fixed maturity securities, available for sale $ 22,766,520 Fixed maturity securities, held to maturity 16,436 Mortgage loans held for investment 8,011,660 Real estate held for investment 2,708,557 Other investments 446,655 Accrued investment income 183,527 Total investments 34,133,355 Cash and cash equivalents 6,900,654 Receivables, net 5,407,736 (1) Receivables from reinsurers 168,105,064 (1) Property and equipment, net 1,498,245 Value of business acquired 4,962,831 Deferred taxes 167,344 Other 712,323 Total assets acquired 221,887,552 Future policy benefits and unpaid claims (189,071,407) Accounts payable (283,304) Other liabilities and accrued expenses (7,870,944) Income taxes (881,957) Total liabilities assumed (198,107,612) Fair value of net assets acquired/consideration paid $ 23,779,940 Fair value of net assets acquired/consideration paid, net of cash acquired $ 16,879,286 (1) Receivable from reinsurers of $162,907,008 and receivables, net of $5,000,000 were settled with the recapture of the coinsurance agreement by Kilpatrick Life from Security National Life.
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 Fair value of net assets acquired/consideration paid, net of cash acquired $ 3,261,788
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

21) Mortgage Servicing Rights_

21) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of mortgage servicing rights	December 31 2019 2018 Amortized cost: Balance before valuation allowance at beginning of year $ 20,016,822 $ 21,376,937 MSR additions resulting from loan sales 4,194,502 3,922,816 Amortization (1) (7,055,795) (5,282,931) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at year end $ 17,155,529 $ 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 year end $ - $ - Mortgage servicing rights, net $ 17,155,529 $ 20,016,822 Estimated fair value of MSRs at year end $ 22,784,571 $ 28,885,316 (1) Included in other expenses on the consolidated statements of earnings

21) Mortgage Servicing Rights_2

21) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights, Future Amortization Expense (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Mortgage Servicing Rights, Future Amortization Expense	Estimated MSR Amortization 2020 $ 2,999,452 2021 2,376,277 2022 1,971,249 2023 1,631,010 2024 1,359,492 Thereafter 6,818,049 Total $ 17,155,529

21) Mortgage Servicing Rights_3

21) Mortgage Servicing Rights: Schedule of Other Revenues (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Other Revenues	2019 2018 Contractual servicing fees $ 7,212,164 $ 7,561,226 Late fees 365,477 319,244 Total $ 7,577,641 $ 7,880,470

21) Mortgage Servicing Rights_4

21) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summary of Unpaid Principal Balances of the Servicing Portfolio	Years Ended December 31 2019 2018 Servicing UPB $ 2,804,139,415 $ 2,941,231,563

21) Mortgage Servicing Rights_5

21) Mortgage Servicing Rights: Assumptions used in determining MSR value (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Assumptions used in determining MSR value	Prepayment Speeds Average Life(Years) Discount Rate December 31, 2019 15.30 5.27 9.51 December 31, 2018 11.70 6.33 9.51

22) Future Policy Benefits an_2

22) Future Policy Benefits and Unpaid Claims: Schedule of Liability for Future Policy Benefits, by Product Segment (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Liability for Future Policy Benefits, by Product Segment	Years Ended September 30 2019 2018 Life $ 654,585,723 $466,232,621 Annuities 113,579,831 98,137,615 Policyholder account balances 45,154,180 46,479,853 Accident and health 667,428 482,693 Other policyholder funds 4,530,227 4,431,296 Reported but unpaid claims 4,891,922 3,365,872 Incurred but not reported claims 2,191,607 1,269,764 Gross future policy benefits and unpaid claims $ 825,600,918 $620,399,714 Receivable from reinsurers Life 11,040,398 6,702,328 Annuities 4,038,007 4,078,666 Accident and health 90,113 - Reported but unpaid claims 569,250 33,108 Incurred but not reported claims 10,000 6,000 Total receivable from reinsurers 15,747,768 10,820,102 Net future policy benefits and unpaid claims $ 809,853,150 $609,579,612

23) Revenues From Contracts W_2

23) Revenues From Contracts With Customers: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Tables)	12 Months Ended
	Dec. 31, 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 (12/31/2019) 2,778,879 - 12,607,978 Increase/(decrease) (37,346) - 99,353 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2018) $ 3,608,379 $ - $ 12,873,068 Closing (12/31/2018) 2,816,225 - 12,508,625 Increase/(decrease) (792,154) - (364,443) (1) Included in Receivables, net on the consolidated balance sheets

23) Revenues From Contracts W_3

23) Revenues From Contracts With Customers: Opening and Closing Balances of the Contract Assets and Contract Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Opening and Closing Balances of the Contract Assets and Contract Liabilities	Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,175,943 At-need specialty merchandise - 327,302 Pre-need land sales - 5,380 Opening (1/1/2019) $ - $ 12,508,625 Pre-need merchandise and services $ - $ 12,325,437 At-need specialty merchandise - 282,541 Pre-need land sales - - Closing (12/31/2019) $ - $ 12,607,978 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,620,596 At-need specialty merchandise - 236,572 Pre-need land sales - 15,900 Opening (1/1/2018) $ - $ 12,873,068 Pre-need merchandise and services $ - $ 12,175,943 At-need specialty merchandise - 327,302 Pre-need land sales - 5,380 Closing (12/31/2018) $ - $ 12,508,625

23) Revenues From Contracts W_4

23) Revenues From Contracts With Customers: Revenues of the Cemetery and Mortuary Contracts (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Revenues of the Cemetery and Mortuary Contracts	Years Ended December 31 2019 2018 Major goods/service lines At-need $ 12,334,777 $ 10,391,976 Pre-need 2,961,458 3,334,542 $ 15,296,235 $ 13,726,518 Timing of Revenue Recognition Goods transferred at a point in time $ 10,133,723 $ 9,100,851 Services transferred at a point in time 5,162,512 4,625,667 $ 15,296,235 $ 13,726,518

23) Revenues From Contracts W_5

23) Revenues From Contracts With Customers: Schedule of Contract Costs Included in Deferred Policy and Pre-Need Contract Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Contract Costs Included in Deferred Policy and Pre-Need Contract Acquisition Costs	Years Ended December 31 2019 2018 Pre-need merchandise and services $ 3,590,266 $ 3,575,032 At-need specialty merchandise 10,688 15,926 Pre-need land sales - 1,237 $ 3,600,954 $ 3,592,195

24. Leases_ Schedule of Lease C

24. Leases: Schedule of Lease Cost Recognized in Earnings (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Lease Cost Recognized in Earnings	Year Ended December 31 2019 Lease Cost Finance lease cost: Amortization of right-of-use assets (1) $ 38,351 Interest on lease liabilities (2) 9,001 Operating lease cost (3) 5,706,490 Short-term lease cost (3)(4) 233,318 Sublease income (3) (663,242) Total lease cost $ 5,323,918 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,567,761 Operating cash flows from finance leases 9,001 Financing cash flows from finance leases 95,931 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 16,544,406 Finance leases 252,763 Weighted-average remaining lease term (in years) Finance leases 3.23 Operating leases 4.67 Weighted-average discount rate Finance leases 5.47% Operating leases 5.06% (1) Included in Depreciation on property and equipment on the consolidated statements of earnings (2) Included in Interest expense on the consolidated statements of earnings (3) Included in Rent and rent related expenses on the consolidated statements of earnings (4) Includes leases with a term of 12 months or less

24. Leases_ Schedule of Future

24. Leases: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases	Finance Leases Operating Leases Lease payments due in: 2020 $ 62,756 $ 4,241,547 2021 45,086 2,932,404 2022 32,646 1,780,183 2023 25,408 1,383,538 2024 2,542 1,061,520 Thereafter - 2,919,074 Total undiscounted lease payments 168,438 14,318,266 Less: Discount on cash flows (14,999) (2,912,290) Present value of lease liabilities $ 153,439 $ 11,405,976

24. Leases_ Right-of-Use Assets

24. Leases: Right-of-Use Assets and Lease Liabilities TextBlock (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Right-of-Use Assets and Lease Liabilities TextBlock	Balance Sheet Location Year Ended December 31 2019 Operating Leases Right-of-use assets Other assets $ 11,267,247 Lease liabilities Other liabilities and accrued expenses $ 11,405,976 Finance Leases Right-of-use assets $ 248,565 Accumulated amortization (98,351) Right-of-use assets, net Property and equipment, net $ 150,214 Lease liabilities Bank and other loans payable $ 153,439

25) Quarterly Financial Data _2

25) Quarterly Financial Data (unaudited): Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Quarterly Financial Information	2019 Three Months Ended March 31 June 30 September 30 December 31 Revenues $ 61,493,835 $ 68,445,182 $ 75,379,659 $ 77,742,254 Benefits and expenses 59,061,676 63,821,339 70,619,837 75,614,143 Earnings before income taxes 2,432,159 4,623,843 4,759,822 2,128,111 Income tax expense (501,841) (1,143,789) (1,142,408) (262,378) Net earnings 1,930,318 3,480,054 3,617,414 1,865,733 Net earnings per common share (1) $0.11 $0.19 $0.20 $0.10 Net earnings per common share assuming dilution (1) $0.11 $0.19 $0.20 $0.10 2018 Three Months Ended March 31 June 30 September 30 December 31 Revenues $ 82,076,109 $ 68,865,126 $ 67,223,093 $ 61,454,399 Benefits and expenses 60,888,928 64,702,895 65,011,295 62,835,219 Earnings before income taxes 21,187,181 4,162,231 2,211,798 (1,380,820) Income tax expense (4,261,258) (924,014) (198,052) 889,013 Net earnings 16,925,923 3,238,217 2,013,746 (491,807) Net earnings per common share (1) $0.95 $0.18 $0.11 ($0.03) Net earnings per common share assuming dilution (1) $0.94 $0.18 $0.11 ($0.03) _______________________ (1) Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends.

2) Investments_ Held-to-matur_2

2) Investments: Held-to-maturity Securities (Details) - USD ($)	Dec. 31, 2019		Dec. 31, 2018
Available-for-sale Securities, Amortized Cost Basis	$ 338,629,810
Available-for-sale Securities	355,977,820		$ 0
Equity securities at estimated fair value	7,271,165		5,558,611
Mortgage loans on real estate and construction	236,694,546		186,465,069
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(2,391,567)		(1,275,030)
Mortgage loans on real estate and construction, allowance for losses	(1,453,037)		(1,347,972)
Mortgage loans on real estate and construction, Discount	(653,272)
Real estate held for investment, net of depreciation	102,756,946		121,558,222
Real estate held for sale	14,097,627		0
Policy loans	14,762,805		6,424,325
Insurance assignments	41,062,965		35,239,396
Federal Home Loan Bank stock	894,300	[1]	2,548,700	[2]
Other investments	4,973,225		3,497,762
Allowance for doubtful accounts	(1,448,026)		(1,092,528)
Total other investments and policy loans	60,245,269		46,617,655
Accrued investment income	4,833,232		3,566,146
Total investments	781,876,605		595,844,426
Total
Available-for-sale Securities, Amortized Cost Basis	338,629,810		232,078,723
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	18,085,841		7,529,330
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(737,831)		(4,857,195)
Available-for-sale Securities	355,977,820		234,750,858
US Treasury Securities
Available-for-sale Securities, Amortized Cost Basis	142,740,641		52,017,683
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	632,185		264,891
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(25,215)		(727,798)
Available-for-sale Securities	143,347,611		51,554,776
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	7,450,366		6,959,237
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	87,812		32,274
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(9,026)		(111,271)
Available-for-sale Securities	7,529,152		6,880,240
Corporate Debt Securities
Available-for-sale Securities, Amortized Cost Basis	156,599,184		157,639,860
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	16,768,449		7,002,864
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(463,413)		(3,704,137)
Available-for-sale Securities	172,904,220		160,938,587
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	31,475,280		15,358,746
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	597,395		227,398
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(240,177)		(308,864)
Available-for-sale Securities	31,832,498		15,277,280
Redeemable Preferred Stock
Available-for-sale Securities, Amortized Cost Basis	364,339		103,197
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		1,903
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0		(5,125)
Available-for-sale Securities	364,339		99,975
Industrial, miscellaneous and all other
Available-for-sale Equity Securities, Amortized Cost Basis	6,900,537		6,312,158
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	1,139,799		422,528
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(769,171)		(1,176,075)
Equity securities at estimated fair value	7,271,165		5,558,611
Equity Securities
Available-for-sale Equity Securities, Amortized Cost Basis	6,900,537		6,312,158
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	1,139,799		422,528
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(769,171)		(1,176,075)
Equity securities at estimated fair value	7,271,165		5,558,611
Residential Mortgage
Mortgage loans on real estate and construction	113,043,965		89,935,600
Real estate held for investment, net of depreciation	12,530,306		29,507,431
Real estate held for sale	8,021,306
Residential construction
Mortgage loans on real estate and construction	89,430,237		71,366,544
Commercial
Mortgage loans on real estate and construction	38,718,220		27,785,927
Commercial Loan
Real estate held for investment, net of depreciation	90,226,640		$ 92,050,791
Real estate held for sale	$ 6,076,321
[1]	Includes $894,300 of Membership stock and $-0- of Activity stock due to short-term borrowings
[2]	Includes $708,700 of Membership stock and $1,840,000 of Activity stock due to short-term borrowings

2) Investments (Details)

2) Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment	$ 338,629,810
Unrealized gains on fixed maturity securities available for sale	$ 17,315,770	$ 0
Average market value over amortized cost	98.90%	96.20%
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Period Increase (Decrease)	$ 0	$ 0
Debt Instrument, Unused Borrowing Capacity, Amount	57,727,738
Impairment losses on commercial real estate held for investment	2,768,979	0
Impairment losses on residential real estate held for investment	700,134	486,457
Residential Real Estate, Held-for-Investment
Foreclosed Residential Real Estate included in Residential Real Estate Held for Investment	$ 12,434,000	$ 23,532,000

2) Investments_ Schedule of U_2

2) Investments: Schedule of Unrealized Loss on Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
US Treasury Securities
Debt Securities, Held-to-maturity, Fair Value	$ 40,629,688	$ 40,625,915
US States and Political Subdivisions Debt Securities
Debt Securities, Held-to-maturity, Fair Value	3,062,889	4,680,774
Corporate Debt Securities
Debt Securities, Held-to-maturity, Fair Value	11,134,820	72,857,780
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Debt Securities, Held-to-maturity, Fair Value	13,769,212	4,395,361
Total unrealized losses
Debt Securities, Held-to-maturity, Fair Value	68,596,609	122,649,830
Redeemable Preferred Stock
Debt Securities, Held-to-maturity, Fair Value		90,000
Less Than 12 Months | US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	20,211	10,519
Debt Securities, Held-to-maturity, Fair Value	30,629,288	695,863
Less Than 12 Months | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	9,026	6,643
Debt Securities, Held-to-maturity, Fair Value	3,062,889	1,791,257
Less Than 12 Months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	118,746	2,514,549
Debt Securities, Held-to-maturity, Fair Value	7,184,311	61,090,431
Less Than 12 Months | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	205,470	79,896
Debt Securities, Held-to-maturity, Fair Value	13,266,443	1,705,296
Less Than 12 Months | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	353,453	2,616,732
Debt Securities, Held-to-maturity, Fair Value	54,142,931	65,372,847
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	5,004	717,279
Debt Securities, Held-to-maturity, Fair Value	10,000,400	39,930,052
More Than 12 Months | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	0	104,628
Debt Securities, Held-to-maturity, Fair Value	0	2,889,517
More Than 12 Months | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	344,667	1,189,588
Debt Securities, Held-to-maturity, Fair Value	3,950,509	11,767,349
More Than 12 Months | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	34,707	228,968
Debt Securities, Held-to-maturity, Fair Value	502,769	2,690,065
More Than 12 Months | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	384,378	2,240,463
Debt Securities, Held-to-maturity, Fair Value	14,453,678	57,276,983
More Than 12 Months | Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss		0
Debt Securities, Held-to-maturity, Fair Value		0
Total | US Treasury Securities
Held-to-maturity Securities, Unrecognized Holding Loss	25,215	727,798
Total | US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	9,026	111,271
Total | Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	463,413	3,704,137
Total | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Held-to-maturity Securities, Unrecognized Holding Loss	240,177	308,864
Total | Total unrealized losses
Held-to-maturity Securities, Unrecognized Holding Loss	$ 737,831	4,857,195
Total | Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss		$ 5,125

2) Investments_ Investments C_2

2) Investments: Investments Classified by Contractual Maturity Date (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Amortized Cost Basis	$ 338,629,810
Available-for-sale Securities	355,977,820	$ 0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	31,475,280	15,358,746
Available-for-sale Securities	31,832,498	15,277,280
Redeemable Preferred Stock
Available-for-sale Securities, Amortized Cost Basis	364,339	103,197
Available-for-sale Securities	364,339	$ 99,975
Due in 2017
Available-for-sale Securities, Amortized Cost Basis	104,805,927
Available-for-sale Securities	104,845,243
Due in 2018 Through 2021
Available-for-sale Securities, Amortized Cost Basis	67,412,618
Available-for-sale Securities	69,126,500
Due in 2022 Through 2026
Available-for-sale Securities, Amortized Cost Basis	71,110,341
Available-for-sale Securities	76,249,550
Due After 2026
Available-for-sale Securities, Amortized Cost Basis	63,461,305
Available-for-sale Securities	$ 73,559,690

2) Investments_ Gain (Loss) o_2

2) Investments: Gain (Loss) on Investments (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Fixed maturity securities held to maturity:		$ 728,367	$ 23,941,179
Held-to-maturity Securities
Gross Realized Gains		459,286	522,937
Gross Realized Losses		(162,649)	(669,303)
Equity Securities
Gains on securities sold		256,520	(173,413)
Unrealized Gains and Losses on securities held at end of period		1,086,116	(1,053,756)
Other Assets
Gross Realized Gains	[1]	2,844,673	26,553,814
Gross Realized Losses		$ (3,755,579)	$ (1,239,100)
[1]	Includes a one-time gain of $22,252,000 from the sale of Dry Creek at East Village Apartments

2) Investments_ Net carrying am

2) Investments: Net carrying amount of held to maturity securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Held-to-maturity Securities
Net carrying amount for sales of securities	$ 4,950,041	$ 5,808,244

2) Investments_ Schedule of M_2

2) Investments: Schedule of Major categories of net investment income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Gross investment income	$ 56,520,356	$ 54,039,853
Investment Income, Investment Expense	(13,500,883)	(14,126,586)
Net investment income	43,019,473	39,913,267
Fixed Maturities
Gross investment income	10,372,559	10,041,349
Equity Securities
Gross investment income	309,918	233,555
Mortgage Loans Real Estate
Gross investment income	18,405,010	18,716,226
Real Estate
Gross investment income	8,782,959	8,375,257
Policy Student and Other Loans
Gross investment income	554,969	409,589
Insurance Assignments
Gross investment income	16,086,059	14,771,336
Other Investments
Gross investment income	184,439	227,930
Cash and Cash Equivalents
Gross investment income	$ 1,824,443	$ 1,264,611

2) Investments_ Net Investment

2) Investments: Net Investment Income - Additional (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net investment income	$ 43,019,473	$ 39,913,267
Securities on deposit for regulatory authorities	9,633,818	$ 9,220,520
Cemeteries And Mortuaries
Net investment income	$ 448,754		$ 386,659

2) Investments_ Commercial Re_2

2) Investments: Commercial Real Estate Held for Investment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Bank and other loans payable	$ 217,572,612	$ 187,521,188
Commercial Real Estate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross	87,815,000	84,880,000
Bank and other loans payable	$ 54,917,000	$ 52,237,000

2) Investments_ Commercial Re_3

2) Investments: Commercial Real Estate Investment (Details)		Dec. 31, 2019USD ($)		Dec. 31, 2018USD ($)
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 102,756,946		$ 121,558,222
Real estate held for sale		14,097,627		0
Commercial Real Estate, Held-for-Investment
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 90,226,640		$ 92,050,791
Square Footage		611,865		765,692
Commercial Real Estate, Held-for-Investment | Arizona
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)	[1]			$ 4,000
Commercial Real Estate, Held-for-Investment | Kansas
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)				$ 6,861,898
Square Footage				222,679
Commercial Real Estate, Held-for-Investment | Louisiana
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 6,009,079		$ 467,694
Square Footage		125,114		7,063
Commercial Real Estate, Held-for-Investment | Mississippi
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 2,951,478		$ 3,329,948
Square Footage		21,521		33,821
Commercial Real Estate, Held-for-Investment | New Mexico
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)	[1]			$ 7,000
Commercial Real Estate, Held-for-Investment | Texas
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)	[2]			300,000
Commercial Real Estate, Held-for-Investment | Utah
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 81,266,083	[3]	$ 81,080,251
Square Footage		465,230		502,129
Commercial Real Estate, Held-for-Sale
Square Footage		239,779		0
Real estate held for sale		$ 6,076,321		$ 0
Commercial Real Estate, Held-for-Sale | Arizona
Square Footage		0
Real estate held for sale	[4]	$ 2,500
Commercial Real Estate, Held-for-Sale | Kansas
Square Footage		222,679
Real estate held for sale		$ 4,800,000
Commercial Real Estate, Held-for-Sale | Mississippi
Square Footage		12,300
Real estate held for sale		$ 318,322
Commercial Real Estate, Held-for-Sale | Texas
Square Footage		0
Real estate held for sale	[2]	$ 300,000
Commercial Real Estate, Held-for-Sale | Nevada
Square Footage		4,800
Real estate held for sale		$ 655,499
[1]	Undeveloped Land
[2]	Improved commercial pad
[3]	Includes Center53 phase 1 completed in July 2017
[4]	Undeveloped land

2) Investments_ Residential R_2

2) Investments: Residential Real Estate Investment (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 102,756,946	$ 121,558,222
Residential Real Estate, Held-for-Investment
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		12,530,306	29,507,431
Residential Real Estate, Held-for-Investment | California
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		0	2,644,321
Residential Real Estate, Held-for-Investment | Florida
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		2,487,723	6,534,277
Residential Real Estate, Held-for-Investment | Nevada
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		293,516	0
Residential Real Estate, Held-for-Investment | Ohio
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		0	10,000
Residential Real Estate, Held-for-Investment | Oklahoma
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		0	0
Residential Real Estate, Held-for-Investment | Tennessee
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		0	105,260
Residential Real Estate, Held-for-Investment | Texas
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		0	139,174
Residential Real Estate, Held-for-Investment | Utah
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)	[1]	9,462,886	19,598,218
Residential Real Estate, Held-for-Investment | Washington
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		286,181	476,181
Residential Real Estate, Held-for-Sale
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)		$ 8,021,306	0
Residential Real Estate, Held-for-Sale | California
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)			640,452
Residential Real Estate, Held-for-Sale | Florida
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)			1,300,641
Residential Real Estate, Held-for-Sale | Ohio
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)			10,000
Residential Real Estate, Held-for-Sale | Utah
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)			5,880,213
Residential Real Estate, Held-for-Sale | Washington
Real estate held for investment (net of accumulated depreciation of $12,788,739 and $16,739,578 for 2019 and 2018)			$ 190,000
[1]	Includes subdivision developments

2) Investments_ Real Estate O_2

2) Investments: Real Estate Owned and Occupied by the Company (Details)	Dec. 31, 2019
Corporate Offices, Life Insurance and Cemetery/Mortuary Operations
Approximate Square Footage	78,979
Square Footage Occupied by the Company	18.00%
Life Insurance and Mortgage Operations
Approximate Square Footage	39,157
Square Footage Occupied by the Company	73.00%
Life Insurance Operations, Flowood, MS
Approximate Square Footage	19,694
Square Footage Occupied by the Company	28.00%
Life Insurance Operations, Shreveport, LA
Approximate Square Footage	12,274
Square Footage Occupied by the Company	100.00%
Life Insurance Sales, Alexandria, LA
Approximate Square Footage	8,059
Square Footage Occupied by the Company	100.00%
Life Insurance Sales, Minden, LA
Approximate Square Footage	1,560
Square Footage Occupied by the Company	100.00%
Life Insurance Sales, Jena, LA
Approximate Square Footage	1,737
Square Footage Occupied by the Company	100.00%

2) Investments_ Schedule of A_2

2) Investments: Schedule of Allowance for loan losses as a contra-asset account (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss	$ 1,453,037	$ 1,347,972	$ 1,768,796
Allowance for credit losses, Charge-offs	(32,692)	(5,725)
Allowance for Credit Losses, Provision	137,757	(415,099)
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	195,993	74,185
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,257,044	1,273,787
Mortgage loans	241,192,422	189,088,071
Financing Receivable, Individually Evaluated for Impairment	8,895,926	3,638,824
Financing Receivable, Collectively Evaluated for Impairment	232,296,496	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	38,718,220	27,785,927
Financing Receivable, Individually Evaluated for Impairment	4,488,719	196,182
Financing Receivable, Collectively Evaluated for Impairment	34,229,501	27,589,745
Residential Mortgage
Financing Receivable, Allowance for Credit Loss	1,222,706	1,125,623	1,546,447
Allowance for credit losses, Charge-offs	(32,692)	(5,725)
Allowance for Credit Losses, Provision	129,775	(415,099)
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	195,993	74,185
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,026,713	1,051,438
Mortgage loans	113,043,965	89,935,600
Financing Receivable, Individually Evaluated for Impairment	3,752,207	2,939,651
Financing Receivable, Collectively Evaluated for Impairment	109,291,758	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	7,982
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	43,202	35,220
Mortgage loans	89,430,237	71,366,544
Financing Receivable, Individually Evaluated for Impairment	655,000	502,991
Financing Receivable, Collectively Evaluated for Impairment	$ 88,775,237	$ 70,863,553

2) Investments_ Schedule of a_3

2) Investments: Schedule of aging of mortgage loans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Mortgage Loans during period		$ 241,192,422	$ 189,088,071
Mortgage Loans, Allowance for Loan Losses		(1,453,037)	(1,347,972)
Mortgage Loans, Unamortized deferred loan fees, net		(2,391,567)	(1,275,030)
Mortgage Loans, Unamortized deferred loan fees, net		(653,272)	0
Commercial Loan
Mortgage Loans during period		38,718,220	27,785,927
Mortgage Loans, Allowance for Loan Losses		(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(88,918)	32,003
Mortgage Loans, Unamortized deferred loan fees, net		(653,272)	0
Residential Mortgage
Mortgage Loans during period		113,043,965	89,935,600
Mortgage Loans, Allowance for Loan Losses		(1,222,706)	(1,125,623)
Mortgage Loans, Unamortized deferred loan fees, net		(1,567,581)	(862,411)
Mortgage Loans, Unamortized deferred loan fees, net		0	0
Residential construction
Mortgage Loans during period		89,430,237	71,366,544
Mortgage Loans, Allowance for Loan Losses		(43,202)	(35,220)
Mortgage Loans, Unamortized deferred loan fees, net		(735,068)	(444,622)
Mortgage Loans, Unamortized deferred loan fees, net		0	0
Past Due 30 to 59 Days
Mortgage Loans during period		12,481,296	14,487,804
Past Due 30 to 59 Days | Commercial Loan
Mortgage Loans during period		1,872,000	4,588,424
Past Due 30 to 59 Days | Residential Mortgage
Mortgage Loans during period		10,609,296	9,899,380
Past Due 30 to 59 Days | Residential construction
Mortgage Loans during period		0	0
Past Due 60 to 89 Days
Mortgage Loans during period		4,085,767	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		4,085,767	2,312,252
Past Due 60 to 89 Days | Residential construction
Mortgage Loans during period		0	0
Past Due 90 or More Days
Mortgage Loans during period	[1]	7,244,461	1,911,544
Past Due 90 or More Days | Commercial Loan
Mortgage Loans during period	[1]	4,488,719	196,182
Past Due 90 or More Days | Residential Mortgage
Mortgage Loans during period	[1]	2,100,742	1,715,362
Past Due 90 or More Days | Residential construction
Mortgage Loans during period	[1]	655,000	0
In Foreclosure
Mortgage Loans during period	[1]	1,651,465	1,727,280
In Foreclosure | Commercial Loan
Mortgage Loans during period	[1]	0	0
In Foreclosure | Residential Mortgage
Mortgage Loans during period	[1]	1,651,465	1,224,289
In Foreclosure | Residential construction
Mortgage Loans during period	[1]	0	502,991
Total Past Due
Mortgage Loans during period		25,462,989	20,438,880
Total Past Due | Commercial Loan
Mortgage Loans during period		6,360,719	4,784,606
Total Past Due | Residential Mortgage
Mortgage Loans during period		18,447,270	15,151,283
Total Past Due | Residential construction
Mortgage Loans during period		655,000	502,991
Current
Mortgage Loans during period		215,729,433	168,649,191
Current | Commercial Loan
Mortgage Loans during period		32,357,501	23,001,321
Current | Residential Mortgage
Mortgage Loans during period		94,596,695	74,784,317
Current | Residential construction
Mortgage Loans during period		88,775,237	70,863,553
Net Mortgage Loans
Mortgage Loans during period		236,694,546	186,465,069
Net Mortgage Loans | Commercial Loan
Mortgage Loans during period		37,788,901	27,630,801
Net Mortgage Loans | Residential Mortgage
Mortgage Loans during period		110,253,678	87,947,566
Net Mortgage Loans | Residential construction
Mortgage Loans during period		$ 88,651,967	$ 70,886,702
[1]	There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

2) Investments_ Schedule of I_2

2) Investments: Schedule of Impaired Mortgage Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Commercial Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 4,488,719	$ 196,182
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,499,043	98,023
Commercial Loan | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	4,488,719	196,182
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	4,488,719	196,182
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,499,043	98,023
Residential Mortgage
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,254,189	1,612,164
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	3,367,151	2,423,135
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,498,018	1,327,487
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,498,018	1,327,487
Impaired Financing Receivable, Related Allowance	195,993	74,185
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	665,270	1,543,416
Residential Mortgage | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	3,752,207	2,939,651
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	3,752,207	2,939,651
Impaired Financing Receivable, Related Allowance	195,993	74,185
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	4,032,421	3,966,551
Residential construction
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	655,000	502,991
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,457,278	675,950
Residential construction | Total
Impaired Financing Receivable, with Related Allowance, Recorded Investment	655,000	502,991
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	655,000	502,991
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	$ 1,457,278	$ 675,950

2) Investments_ Schedule Of C_2

2) Investments: Schedule Of Credit Risk Of Mortgage Loans Based On Performance Status (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Mortgage loans	$ 241,192,422	$ 189,088,071
Performing Financing Receivable
Mortgage loans	232,296,496	185,449,247
Nonperforming Financing Receivable
Mortgage loans	8,895,926	3,638,824
Commercial Loan
Mortgage loans	38,718,220	27,785,927
Commercial Loan | Performing Financing Receivable
Mortgage loans	34,229,501	27,589,745
Commercial Loan | Nonperforming Financing Receivable
Mortgage loans	4,488,719	196,182
Residential Mortgage
Mortgage loans	113,043,965	89,935,600
Residential Mortgage | Performing Financing Receivable
Mortgage loans	109,291,758	86,995,949
Residential Mortgage | Nonperforming Financing Receivable
Mortgage loans	3,752,207	2,939,651
Residential construction
Mortgage loans	89,430,237	71,366,544
Residential construction | Performing Financing Receivable
Mortgage loans	88,775,237	70,863,553
Residential construction | Nonperforming Financing Receivable
Mortgage loans	$ 655,000	$ 502,991

2) Investments_ Summary of Inte

2) Investments: Summary of Interest not accrued on non-performing mortgage loans (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Interest not accrued on non-performing loans	$ 203,000	$ 151,000

2) Investments_ Schedule of M_3

2) Investments: Schedule of Mortgage loans on a nonaccrual status (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 8,895,926	$ 3,638,824
Commercial
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	4,488,719	196,182
Residential Mortgage
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	3,752,207	2,939,651
Residential construction
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 655,000	$ 502,991

2) Investments_ Schedule of P_2

2) Investments: Schedule of Principal amounts due on mortgage loans held for investment by category (Details)	Dec. 31, 2019USD ($)
Mortgage Loans Principal Amount due	$ 241,192,422
Residential Mortgage
Mortgage Loans Principal Amount due	113,043,965
Residential construction
Mortgage Loans Principal Amount due	89,430,237
Commercial Loan
Mortgage Loans Principal Amount due	38,718,220
Due in 1 Year
Mortgage Loans Principal Amount due	90,787,065
Due in 1 Year | Residential Mortgage
Mortgage Loans Principal Amount due	6,234,913
Due in 1 Year | Residential construction
Mortgage Loans Principal Amount due	60,376,688
Due in 1 Year | Commercial Loan
Mortgage Loans Principal Amount due	24,175,464
Due in 2-5 Years
Mortgage Loans Principal Amount due	60,236,176
Due in 2-5 Years | Residential Mortgage
Mortgage Loans Principal Amount due	27,161,628
Due in 2-5 Years | Residential construction
Mortgage Loans Principal Amount due	29,053,549
Due in 2-5 Years | Commercial Loan
Mortgage Loans Principal Amount due	4,020,999
Due Thereafter
Mortgage Loans Principal Amount due	90,169,181
Due Thereafter | Residential Mortgage
Mortgage Loans Principal Amount due	79,647,424
Due Thereafter | Residential construction
Mortgage Loans Principal Amount due	0
Due Thereafter | Commercial Loan
Mortgage Loans Principal Amount due	$ 10,521,757

3) Loans Held For Sale_ Aggre_2

3) Loans Held For Sale: Aggregate fair value - Loans Held for Sale (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Aggregate Fair Value - Loans Held For Sale	$ 213,457,632	$ 136,210,853
Aggregate unpaid principal balance - Loans Held for Sale	206,417,122	131,663,946
Unrealized gain - Loans Held for Sale	$ 7,040,510	$ 4,546,907

3) Loans Held For Sale_ Sched_3

3) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Change in fair value of loans held for sale	$ (2,498,097)	$ (3,736,209)
Mortgage fee income	131,976,082	116,185,853
Loans Held For Sale
Loan fees	28,660,966	27,429,237
Interest and Other Income	6,978,930	6,156,796
Secondary gains	93,581,956	80,416,718
Change in fair value of loan commitments	899,417	(404,773)
Change in fair value of loans held for sale	2,498,097	3,736,209
Provision for loan loss reserve	(643,284)	(1,148,334)
Mortgage fee income	$ 131,976,082	$ 116,185,853

3) Loans Held For Sale_ Sched_4

3) Loans Held For Sale: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Details
Loan loss reserve, balance at start of period		$ 3,604,869	$ 2,571,524
Provision for current loan originations	[1]	643,284	1,148,334
Loan loss reserve, Charge-offs and settlements		(201,865)	(114,989)
Loan loss reserve, balance at end of period		$ 4,046,288	$ 3,604,869
[1]	Included in Mortgage fee income

4) Receivables_ Schedule of R_2

4) Receivables: Schedule of Receivables (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Trade contracts	$ 2,795,471	$ 2,816,225
Receivables from sales agents	2,962,571	3,079,688
Other Receivables	5,202,444	4,559,272
Accounts Receivable, before Allowance for Credit Loss	10,960,486	10,455,185
Accounts Receivable, Allowance for Credit Loss	1,724,156	1,519,842
Receivables (net of allowances for doubtful accounts of $1,724,156 and $1,519,842 for 2019 and 2018)	$ 9,236,330	$ 8,935,343

5) Value of Business Acquired_5

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Value of Business Acquired (Details) - USD ($)		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Details
Value of business acquired, balance at start of period						$ 9,876,647	$ 5,765,190	$ 6,588,759
Increase (Decrease) in value of business acquired	[1]						4,962,831	0
Imputed interest on value of business acquired	[2]						472,916	421,122
Value of business acquired - amortization							(1,320,456)	(1,244,691)
Shadow amortization included in other comprehensive income							(3,834)	0
Value of business acquired - net amortization charged to income		$ (845,000)	$ (916,000)	$ (985,000)	$ (1,065,000)	$ (1,194,000)	(851,374)	(823,569)
Value of business acquired, balance at start of period							$ 9,876,647	$ 5,765,190
[1]	See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company
[2]	Imputed interest at 7%.

5) Value of Business Acquired_6

5) Value of Business Acquired, Instangible Assets and Goodwill: Net amortization charged to income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Details
Value of business acquired - net amortization charged to income	$ 845,000	$ 916,000	$ 985,000	$ 1,065,000	$ 1,194,000	$ 851,374	$ 823,569

5) Value of Business Acquired_7

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Carrying Value of Intangible Asset (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019		Dec. 31, 2018
Finite-Lived Intangible Assets, Accumulated Amortization		$ (98,222)		$ (34,611)
Finite-Lived Intangible Assets, Net		$ 1,401,778		855,389
Customer Lists
Finite-Lived Intangible Asset, Useful Life		15 years
Finite-Lived Intangible Assets, Gross	[1]	$ 890,000		890,000
Trade Names
Finite-Lived Intangible Asset, Useful Life		15 years
Finite-Lived Intangible Assets, Gross		$ 610,000	[2]	$ 0
[1]	See Note 20 regarding the acquisition of Beta Capital Corp
[2]	See Note 20 regarding the acquisition of Kilpatrick Life Insurance Company

5) Value of Business Acquired_8

5) Value of Business Acquired, Instangible Assets and Goodwill: Schedule of Goodwill by Segment (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill, Gross		$ 3,519,588	$ 2,765,570	$ 2,765,570
Goodwill		3,519,588	2,765,570	2,765,570
Business Acquisition, Goodwill, Expected Tax Deductible Amount			754,018
Life Insurance Product Line
Goodwill, Gross		2,765,570	2,765,570	2,765,570
Goodwill		2,765,570	2,765,570	$ 2,765,570
Cemetery and Mortuary
Goodwill, Gross		754,018
Goodwill		$ 754,018	0
Business Acquisition, Goodwill, Expected Tax Deductible Amount	[1]		$ 754,018
[1]	See Note 20 regarding the acquisition of Probst Family Funerals and Cremations and Heber Valley Funeral Home

5) Value of Business Acquired_9

5) Value of Business Acquired, Instangible Assets and Goodwill (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Details
Goodwill	$ 3,519,588	$ 2,765,570	$ 2,765,570

6) Property and Equipment_ Pr_2

6) Property and Equipment: Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment, Gross	$ 34,119,285	$ 24,507,379
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(19,518,891)	(17,496,601)
Property and equipment, net	14,600,394	7,010,778
Land and Building
Property, Plant and Equipment, Gross	15,131,301	7,775,922
Office Equipment
Property, Plant and Equipment, Gross	$ 18,987,984	$ 16,731,457

6) Property and Equipment (Deta

6) Property and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Property, Plant and Equipment, Other, Accumulated Depreciation	$ 1,711,369	$ 1,867,001
Transfer of Cemetery Land and Improvements to Property and Equipment	$ 3,261,259	$ 0

7) Bank and Other Loans Payab_4

7) Bank and Other Loans Payable: Summary of Bank Loans Payable (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Finance lease liabilities		$ 153,439	$ 0
Current Installment			165,219,632
Bank and other loans, excluding current installments			22,301,556
2.25A Note Payable
Bank loans payable	[1]	2,659,769	2,817,775
4.27 Note Payable
Bank loans payable	[2]	1,238,619	1,817,905
Prime Rate Note Payable
Bank loans payable	[3]	4,000,000	0
4.40 Note Payable
Bank loans payable	[4]	7,247,651	7,492,140
4.329 Note Payable
Bank loans payable	[5]	1,896,450	1,929,725
2.5 Note Payable
Bank loans payable	[6]	33,811,559	30,796,861
4.7865 Note Payable
Bank loans payable	[7]	9,200,000	9,200,000
3.0A Loan Purchase Agreement
Bank loans payable	[8]	88,509,536	60,438,156
3.0B Loan Purchase Agreement
Bank loans payable	[9]	67,537,600	25,680,649
Other short-term borrowings
Bank loans payable	[10]	1,250,000	47,250,000
Other loans payable
Bank loans payable		$ 67,989	$ 97,977
[1]	monthly principal payments of $13,167 plus interest, collateralized by real property with a book value of approximately $4,244,000, due September 2021
[2]	Monthly installments of $53,881 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2021
[3]	Monthly installments of $75,108 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2024
[4]	Monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,923,000, due January 2026
[5]	Monthly installments of $9,775 including principal and interest, collateralized by real property with a book value of approximately $3,261,000, due September 2025
[6]	Monthly LIBOR rate construction loan payable, collateralized by real property with a book value of approximately $49,378,000, due August 2020
[7]	Monthly iinstallments, collateralized by real property with a book value of approximately $18,009,000, due June 2028
[8]	1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures June 2020
[9]	1 month LIBOR rate plus 3% loan purchase agreement with a warehouse line availability of $100,000,000, matures September 2020
[10]	Federal Home Loan Bank and Revolving Lines of Credit

7) Bank and Other Loans Payab_5

7) Bank and Other Loans Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest expense	$ 7,386,688	$ 6,956,707
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	$ 7,284,078	$ 6,878,048
Revolving Line of Credit 1
Line of Credit Facility, Description	The Company has a $2,000,000 revolving line-of-credit with a bank with interest payable at the prime rate minus .75%, secured by the capital stock of Security National Life and maturing September 30, 2020, renewable annually
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,000,000
Revolving Line of Credit 2
Line of Credit Facility, Description	The Company also has a $2,500,000 revolving line-of-credit with a bank with interest payable at the overnight LIBOR rate plus 2.25% maturing September 30, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,500,000
Mortgage Warehouse Line of Credit 1
Line of Credit Facility, Description	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
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Mortgage Warehouse Line of Credit 2
Line of Credit Facility, Description	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
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000

7) Bank and Other Loans Payab_6

7) Bank and Other Loans Payable: Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable (Details)	Dec. 31, 2019USD ($)
Bank loans payable, lines of credit and notes and contracts payable	$ 217,572,612
Due in Year One
Bank loans payable, lines of credit and notes and contracts payable	192,985,602
Due in Year Two
Bank loans payable, lines of credit and notes and contracts payable	4,256,684
Due in Year Three
Bank loans payable, lines of credit and notes and contracts payable	1,151,703
Due in Year Four
Bank loans payable, lines of credit and notes and contracts payable	1,218,742
Due in Year Five
Bank loans payable, lines of credit and notes and contracts payable	1,247,461
Due Thereafter
Bank loans payable, lines of credit and notes and contracts payable	$ 16,712,420

8) Cemetery Perpetual Care Tr_4

8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets: Schedule of the components of the cemetery perpetual care obligation (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total Cemetery Perpetual Care Trust Investments	$ 5,952,984	$ 5,942,024
Cemetery Perpetual Care Trust Obligation	3,933,719	3,821,979
Trust investments in excess of trust obligations	2,019,265	2,120,045
Cash and Cash Equivalents
Total Cemetery Perpetual Care Trust Investments	1,306,740	1,557,506
Fixed Maturities
Total Cemetery Perpetual Care Trust Investments	975,673	990,390
Equity Securities
Total Cemetery Perpetual Care Trust Investments	1,605,451	483,353
Commercial Mortgage Loans Held for Investment
Total Cemetery Perpetual Care Trust Investments	524,000	0
Real Estate
Total Cemetery Perpetual Care Trust Investments	0	1,304,620
Note Receivables Eliminated in Consolidation
Total Cemetery Perpetual Care Trust Investments	$ 1,541,120	$ 1,606,155

8) Cemetery Perpetual Care Tr_5

8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)		$ 13,935,317	$ 10,981,562
Restricted Assets, Cash and Cash Equivalents
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)	[1]	8,674,214	7,179,225
Restricted Assets, Mutual Funds
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)		0	677,795
Restricted Assets, Fixed Maturity Securities, Available for Sale
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)		1,008,867	1,258,397
Restricted Assets, Equity Securities
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)		1,976,480	66,878
Restricted Assets, Participating Interests in Mortgage Loans Held for Investment
Restricted assets (including $2,985,347 and $744,673 for 2019 and 2018 at estimated fair value)		$ 2,275,756	$ 1,799,267
[1]	Including cash and cash equivalents of $7,170,092 and $5,668,580 as of December 31, 2019 and 2018, respectively, for the life insurance and mortgage segments

9) Income Taxes_ Summary of I_2

9) Income Taxes: Summary of Income Tax Liability (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Current Income Tax Liability	$ 1,410,153	$ 473,800
Income Tax Liability	17,276,819	15,649,198
Income Taxes	$ 18,686,972	$ 16,122,998

9) Income Taxes_ Schedule of _2

9) Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Liability	$ 17,276,819	$ 15,649,198
Approximate
Deferred Tax, Future policy benefits	(12,450,229)	(8,293,592)
Deferred Tax, Loan Loss Reserve	(1,053,256)	(938,496)
Deferred Tax, Unearned premium	(760,556)	(823,299)
Deferred Tax, Available for sale Securities	0	(366,279)
Deferred Tax Net Operating Loss	(438,420)	(593,272)
Deferred Tax, Deferred Compensation	(1,996,865)	(1,677,118)
Deferred Tax, Deposit Obligations	(619,633)	(610,769)
Deferred Tax, Other assets	(1,020,718)	(185,557)
Deferred Tax Assets, Valuation Allowance	2,439,394	0
Deferred Tax Assets, Net of Valuation Allowance	(15,900,283)	(13,488,382)
Deferred Tax, Deferred policy acquisition costs	15,536,717	15,255,960
Deferred Tax, Basis difference in property and equipment	3,638,512	4,309,162
Deferred Tax, Value of business acquired	2,074,096	1,210,690
Deferred Tax, Deferred Gains	5,169,104	6,267,373
Deferred Tax, Trusts	1,064,387	1,064,387
Deferred Tax, Tax on Unrealized Appreciation	5,694,286	1,030,008
Deferred Tax Liabilities, Net	33,177,102	29,137,580
Income Tax Liability	$ 17,276,819	$ 15,649,198

9) Income Taxes (Details)

9) Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Income Taxes Paid	$ 4,861,318	$ 5,701,565
Effective Income Tax Rate Reconciliation, Percent	21.90%	17.20%

9) Income Taxes_ Schedule of _3

9) Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Details
Federal Income Tax Expense (Benefit), Continuing Operations									$ 4,404,041	$ 6,933,145
State and Local Income Tax Expense (Benefit), Continuing Operations									504,272	166,567
Current Income Tax Expense (Benefit)									4,908,313	7,099,712
Deferred Federal Income Tax Expense (Benefit)									(1,551,725)	(1,838,947)
Deferred State and Local Income Tax Expense (Benefit)									(306,172)	(766,454)
Provision for deferred income taxes									(1,857,897)	(2,605,401)
Income Tax Expense (Benefit)	$ 262,378	$ 1,142,408	$ 1,143,789	$ 501,841	$ (889,013)	$ 198,052	$ 924,014	$ 4,261,258	$ 3,050,416	$ 4,494,311

9) Income Taxes_ Schedule of _4

9) Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount									$ 2,928,226	$ 5,497,882
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount									156,499	(473,911)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount									194,364	0
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount									(228,673)	(529,660)
Income Tax Expense (Benefit)	$ 262,378	$ 1,142,408	$ 1,143,789	$ 501,841	$ (889,013)	$ 198,052	$ 924,014	$ 4,261,258	$ 3,050,416	$ 4,494,311

9) Income Taxes_ Unrecognized t

9) Income Taxes: Unrecognized tax benefits, interest and penalties (Details)	Dec. 31, 2019USD ($)
Details
Unrecognized Tax Benefits	$ 0

9) Income Taxes_ Summary of O_2

9) Income Taxes: Summary of Operating Loss Carryforwards (Details)	Dec. 31, 2019USD ($)
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 1,832,828
Year of Expiration 2020
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	114,601
Year of Expiration 2021
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	17,101
Year of Expiration 2022
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	0
Year of Expiration 2023
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	0
Year of Expiration 2024
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	0
Year of Expiration Thereafter up through 2037
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 1,701,126

10) Reinsurance, Commitments _2

10) Reinsurance, Commitments and Contingencies: Reinsurance (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Unaudited
Insurance assumed from other companies	$ 99,000,000	$ 103,000,000

10) Reinsurance, Commitments _3

10) Reinsurance, Commitments and Contingencies: Mortgage Loan Loss Settlements (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Amounts accrued for loan losses	$ 4,046,000	$ 3,605,000

10) Reinsurance, Commitments _4

10) Reinsurance, Commitments and Contingencies: Other Contingencies and Commitments (Details)	Dec. 31, 2019USD ($)
Details
Commitments to fund new residential construction loans	$ 123,601,000
Commitments to fund new residential construction loans funded	$ 90,566,000

11) Retirement Plans_ Noncontri

11) Retirement Plans: Noncontributory Employee Stock Ownership Plan (ESOP) (Details) - Employee Stock Ownership Plan ESOP	12 Months Ended
	Dec. 31, 2019shares
Employee Stock Ownership Plan (ESOP), Plan Description	The Company and its subsidiaries have a noncontributory Employee Stock Ownership Plan (“ESOP”) for all eligible employees. Eligible employees are primarily those with more than one year of service, who work in excess of 1,000 hours per year. Contributions, which may be in cash or stock of the Company, are determined annually by the Board of Directors.
Common Class A
Employee Stock Ownership Plan (ESOP), Shares in ESOP	495,618
Common Class C
Employee Stock Ownership Plan (ESOP), Shares in ESOP	307,491

11) Retirement Plans_ 401(k) Pl

11) Retirement Plans: 401(k) Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan, Description	The Company has three 401(k) savings plans covering all eligible employees, as defined above, which includes employer participation in accordance with the provisions of Section 401(k) of the Internal Revenue Code. The plans allow participants to make pretax contributions up to a maximum of $19,000 and $18,500 for the years 2019 and 2018, respectively or the statutory limits.
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 19,000	$ 18,500
Benefit plans funded with treasury stock	695,560	1,480,913
Safe Harbor Plan
Benefit plans funded with treasury stock	$ 695,560	$ 1,480,913

11) Retirement Plans_ Deferred

11) Retirement Plans: Deferred Compensation Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Scott M Quist
Present value of anticipated benefits	$ 660,000	$ 660,000
Deferred Compensation Arrangement with Individual, Recorded Liability	5,722,837	5,191,670
Former VP of Mortgage Operations and Pres of SecurityNational Mortgage
Present value of anticipated benefits	133,843	133,843
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 803,055	$ 841,591
Deferred Compensation Plan
Deferred Compensation Arrangements, Overall, Description	Under the terms of the Plan, the Company will provide deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Board has appointed a Committee of the Company to be the Plan Administrator and to determine the employees who are eligible to participate in the plan. The employees who participate may elect to defer a portion of their compensation into the plan.

12) Capital Stock_ Share-base_2

12) Capital Stock: Share-based Payment Arrangement, Option, Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Common Class A
Common Stock, Shares, Outstanding	16,107,779	15,304,798	14,535,577
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	32,517	38,473
Dividends	$ 767,178	$ 730,560
Conversion of Stock, Shares Issued	3,286	188
Common Class C
Common Stock, Shares, Outstanding	2,500,887	2,193,643	2,089,374
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	191,443	0
Dividends	$ 119,087	$ 104,457
Conversion of Stock, Shares Issued	(3,286)	(188)

12) Capital Stock_ Schedule o_2

12) Capital Stock: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 31, 2019	[1]	Sep. 30, 2019	[1]	Jun. 30, 2019	[1]	Mar. 31, 2019	[1]	Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019		Dec. 31, 2018
Details
Net Earnings (Loss)																	$ 10,893,519		$ 21,686,079
Weighted Average Number of Shares Outstanding, Basic and Diluted																	18,104,681		17,968,062
Employee stock options																	$ 124,435		$ 220,603
Pro Forma Weighted Average Shares Outstanding, Diluted																	124,435		220,603
Adjustedweighted average shares and assumed conversions																	18,229,116		18,188,665
Earnings Per Share, Basic	$ 0.10		$ 0.20		$ 0.19		$ 0.11		$ (0.03)	[1]	$ 0.11	[1]	$ 0.18	[1]	$ 0.95	[1]	$ 0.60	[2]	$ 1.21	[2]
Earnings Per Share, Diluted	$ 0.10		$ 0.20		$ 0.19		$ 0.11		$ (0.03)		$ 0.11		$ 0.18		$ 0.94		$ 0.60	[2]	$ 1.19	[2]
[1]	Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends
[2]	Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share

12) Capital Stock (Details)

12) Capital Stock (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	382,289	862,915

13) Stock Compensation Plans (D

13) Stock Compensation Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Share-based Payment Arrangement, Amount Capitalized	$ 256,996	$ 237,123
Unrecognized Compensation Expense	230,446
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 271,220	$ 123,154

13) Stock Compensation Plans__3

13) Stock Compensation Plans: Schedule of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2019USD ($)$ / shares
All Plans - December 6 2019
Weighted Average Fair Value of Each Option	$ 0.96
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend | $	$ 0.0500
Underlying stock FMV	$ 5.19
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	32.79%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.64%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years 9 months 29 days
All Plans - January 17 2019
Weighted Average Fair Value of Each Option	$ 1.12
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend | $	$ 0.0500
Underlying stock FMV	$ 4.98
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	36.04%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.56%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years 3 months 22 days
All Plans - December 1 2017
Weighted Average Fair Value of Each Option	$ 1.12
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Expected Dividend | $	$ 0.0500
Underlying stock FMV	$ 4.91
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	34.61%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.86%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years 6 months 22 days

13) Stock Compensation Plans__4

13) Stock Compensation Plans: Schedule of Activity of Stock Option Plans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		1,086,053	1,011,274	880,426
Adjustment for the effect of stock dividends		51,018	48,168
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted		81,000	142,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised		(45,834)	(42,211)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		(11,405)	(17,109)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		1,002,603
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		205,664
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	[1]	$ 1,291,602
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		$ 1,259,786
Common Class C
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		594,132	577,280	523,603
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 5.36	$ 5.15		[1]
Adjustment for the effect of stock dividends		28,295	27,491
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted		180,000	90,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised		(191,443)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ (5.36)	$ (5.15)		[1]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		0	(63,814)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		405,132
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price		$ 5.40
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term		5 years 9 months 25 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term		4 years 6 months 14 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	[1]	$ 2,177,223
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		$ 159,028
[1]	The Company used a stock price of $5.57 as of December 31, 2019 to derive intrinsic value

14) Statutory Financial Infor_3

14) Statutory Financial Information and Dividend Limitations: Schedule of statutory accounting practices (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Statutory Accounting Practices, Statutory Net Income Amount		$ 17,424,138	$ 19,011,833
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		74,140,040	56,154,618
Security National Life Insurance
Statutory Accounting Practices, Statutory Net Income Amount		3,589,552	17,963,528
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		49,390,181	47,184,064
Kilpatrick Life Insurance Company
Statutory Accounting Practices, Statutory Net Income Amount	[1]	12,752,100
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		15,208,071
First Guaranty Insurance Company
Statutory Accounting Practices, Statutory Net Income Amount		1,078,733	1,042,683
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		6,352,670	5,786,369
Memorial Insurance Company of America
Statutory Accounting Practices, Statutory Net Income Amount		(107)	94
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		1,088,559	1,088,880
Southern Security Life Insurance Company Inc
Statutory Accounting Practices, Statutory Net Income Amount		87	68
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		1,588,396	1,586,915
Trans-Western Life Insurance Company
Statutory Accounting Practices, Statutory Net Income Amount		3,773	5,460
Statutory Accounting Practices, Statutory Capital and Surplus, Balance		$ 512,163	$ 508,390
[1]	Includes 12 months even though Kilpatrick Life Insurance Company wasn't acquired by the Company until December 2019

14) Statutory Financial Infor_4

14) Statutory Financial Information and Dividend Limitations (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
First Guaranty Insurance Company
Cash dividend paid	$ 500,000
Kilpatrick Life Insurance Company
Cash dividend paid	$ 3,000,000

15) Business Segment Informat_3

15) Business Segment Information: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net investment income									$ 43,019,473	$ 39,913,267
Total revenues	$ 77,742,254	$ 75,379,659	$ 68,445,182	$ 61,493,835	$ 61,454,399	$ 67,223,093	$ 68,865,126	$ 82,076,109	283,060,930	279,618,727
Commissions									56,762,891	50,291,352
Personnel									64,221,270	67,368,952
Advertising									4,784,558	4,602,591
Rent and rent related									7,055,456	7,605,375
Depreciation on property and equipment									1,711,369	1,867,001
Costs related to funding mortgage loans									6,278,954	6,423,944
Cost of goods and services sold - cemeteries and mortuaries									2,878,169	2,158,895
Benefits and Expenses	75,614,143	70,619,837	63,821,339	59,061,676	62,835,219	65,011,295	64,702,895	60,888,928
Income tax expense	(262,378)	$ (1,142,408)	$ (1,143,789)	$ (501,841)	889,013	$ (198,052)	$ (924,014)	$ (4,261,258)	(3,050,416)	(4,494,311)
Net Earnings (Loss)									10,893,519	21,686,079
Goodwill	3,519,588				2,765,570				3,519,588	2,765,570	$ 2,765,570
Life Insurance Product Line
Revenue from customers									81,860,610	75,928,910
Investment Income, Net									41,610,831	38,720,365
Gain (Loss) on Investments									138,330	21,396,282
Other Income									2,128,961	1,636,901
Net investment income									4,455,034	3,972,532
Total revenues									130,193,766	141,654,990
Death, surrenders and other policy benefits									44,911,805	39,185,087
Increase (Decrease) in Future Policy Benefit Reserves									23,568,497	24,332,088
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	14,199,152				11,270,579				14,199,152	11,270,579
Commissions									3,632,780	3,242,745
Personnel									20,311,591	18,489,063
Advertising									595,118	566,154
Rent and rent related									451,380	321,701
Depreciation on property and equipment									477,247	400,686
Costs related to funding mortgage loans									0	0
Administrative costs, intersegment									412,853	402,213
Other General Expense									11,769,097	10,094,626
Interest Expense, intersegment									490,756	481,587
Interest Expense, Other									2,808,081	2,744,841
Cost of goods and services sold - cemeteries and mortuaries									0	0
Benefits and Expenses									123,628,357	111,531,370
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									6,565,409	30,123,620
Income tax expense									(1,085,848)	(5,275,662)
Net Earnings (Loss)									5,479,561	24,847,958
Identifiable Assets	1,110,641,526				928,251,387				1,110,641,526	928,251,387
Goodwill	2,765,570				2,765,570				2,765,570	2,765,570
Cemetery and Mortuary
Revenue from customers									15,296,235	13,726,518
Investment Income, Net									579,995	283,343
Gain (Loss) on Investments									530,098	2,301,342
Other Income									95,197	128,797
Net investment income									443,548	429,312
Total revenues									16,945,073	16,869,312
Death, surrenders and other policy benefits									0	0
Increase (Decrease) in Future Policy Benefit Reserves									0	0
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	435,425				360,767				435,425	360,767
Commissions									1,084,079	1,222,642
Personnel									5,177,810	4,773,866
Advertising									368,173	333,852
Rent and rent related									47,525	33,138
Depreciation on property and equipment									428,633	372,469
Costs related to funding mortgage loans									0	0
Administrative costs, intersegment									180,594	182,009
Other General Expense									3,241,023	3,046,902
Interest Expense, intersegment									154,615	173,807
Interest Expense, Other									288,768	294,535
Cost of goods and services sold - cemeteries and mortuaries									2,878,169	2,158,895
Benefits and Expenses									14,284,814	12,952,882
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									2,660,259	3,916,430
Income tax expense									(649,144)	(946,820)
Net Earnings (Loss)									2,011,115	2,969,610
Identifiable Assets	81,014,182				90,639,130				81,014,182	90,639,130
Goodwill	754,018				0				754,018	0
Mortgage
Revenue from customers									131,976,082	116,185,853
Investment Income, Net									828,647	909,559
Gain (Loss) on Investments									59,939	243,555
Other Income									7,956,005	8,157,302
Net investment income									508,637	503,794
Total revenues									141,329,310	126,000,063
Death, surrenders and other policy benefits									0	0
Increase (Decrease) in Future Policy Benefit Reserves									0	0
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	0				0				0	0
Commissions									52,046,032	45,825,965
Personnel									38,731,869	44,106,023
Advertising									3,821,267	3,702,585
Rent and rent related									6,556,551	7,250,536
Depreciation on property and equipment									805,489	1,093,846
Costs related to funding mortgage loans									6,278,954	6,423,944
Administrative costs, intersegment									544,463	531,370
Other General Expense									19,912,641	17,873,471
Interest Expense, intersegment									3,623,938	3,134,652
Interest Expense, Other									4,289,839	3,917,331
Cost of goods and services sold - cemeteries and mortuaries									0	0
Benefits and Expenses									136,611,043	133,859,723
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									4,718,267	(7,859,660)
Income tax expense									(1,315,424)	1,728,171
Net Earnings (Loss)									3,402,843	(6,131,489)
Identifiable Assets	249,970,323				159,680,649				249,970,323	159,680,649
Goodwill	0				0				0	0
Intercompany Eliminations
Revenue from customers									0	0
Investment Income, Net									0	0
Gain (Loss) on Investments									0	0
Other Income									0	0
Net investment income									(5,407,219)	(4,905,638)
Total revenues									(5,407,219)	(4,905,638)
Death, surrenders and other policy benefits									0	0
Increase (Decrease) in Future Policy Benefit Reserves									0	0
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	0				0				0	0
Commissions									0	0
Personnel									0	0
Advertising									0	0
Rent and rent related									0	0
Depreciation on property and equipment									0	0
Costs related to funding mortgage loans									0	0
Administrative costs, intersegment									(1,137,910)	(1,115,592)
Other General Expense									0	0
Interest Expense, intersegment									(4,269,309)	(3,790,046)
Interest Expense, Other									0	0
Cost of goods and services sold - cemeteries and mortuaries									0	0
Benefits and Expenses									(5,407,219)	(4,905,638)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									0	0
Income tax expense									0	0
Net Earnings (Loss)									0	0
Identifiable Assets	(110,701,544)				(130,525,613)				(110,701,544)	(130,525,613)
Goodwill	0				0				0	0
Consolidated
Revenue from customers									229,132,927	205,841,281
Investment Income, Net									43,019,473	39,913,267
Gain (Loss) on Investments									728,367	23,941,179
Other Income									10,180,163	9,923,000
Net investment income									0	0
Total revenues									283,060,930	279,618,727
Death, surrenders and other policy benefits									44,911,805	39,185,087
Increase (Decrease) in Future Policy Benefit Reserves									23,568,497	24,332,088
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	14,634,577				11,631,346				14,634,577	11,631,346
Commissions									56,762,891	50,291,352
Personnel									64,221,270	67,368,952
Advertising									4,784,558	4,602,591
Rent and rent related									7,055,456	7,605,375
Depreciation on property and equipment									1,711,369	1,867,001
Costs related to funding mortgage loans									6,278,954	6,423,944
Administrative costs, intersegment									0	0
Other General Expense									34,922,761	31,014,999
Interest Expense, intersegment									0	0
Interest Expense, Other									7,386,688	6,956,707
Cost of goods and services sold - cemeteries and mortuaries									2,878,169	2,158,895
Benefits and Expenses									269,116,995	253,438,337
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest									13,943,935	26,180,390
Income tax expense									(3,050,416)	(4,494,311)
Net Earnings (Loss)									10,893,519	21,686,079
Identifiable Assets	1,330,924,487				1,048,045,553				1,330,924,487	1,048,045,553
Goodwill	$ 3,519,588				$ 2,765,570				$ 3,519,588	$ 2,765,570

17) Fair Value of Financial I_7

17) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Details) - USD ($)		Dec. 31, 2019		Dec. 31, 2018
Fair Value, Inputs, Level 1
Available-for-sale Securities		$ 0
Equity securities at estimated fair value		7,271,165		$ 5,558,611
Loans Held-for-sale, Fair Value Disclosure		0
Restricted assets of cemeteries and mortuaries	[1]	0
Restricted assets of cemeteries and mortuaries	[2]	1,976,480
Cemetery perpetual care trust investments		0	[1]	483,353	[2]
Cemetery perpetual care trust investments	[2]	1,605,451
Derivatives - interest rate lock commitments	[3]	0		0
Assets, Fair Value Disclosure, Recurring		10,853,096		6,786,637
Derivatives - bank loan interest rate swaps, Call Options	[4]	(62,265)		(4,629)
Derivatives - bank loan interest rate swaps, Put Options	[4]	(22,282)		(296,053)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	[4]	0		0
Obligations, Fair Value Disclosure		(84,547)		(300,682)
Restricted assets	[2]			744,673
Fair Value, Inputs, Level 2
Available-for-sale Securities		352,761,438
Equity securities at estimated fair value		0		0
Loans Held-for-sale, Fair Value Disclosure		0
Restricted assets of cemeteries and mortuaries	[1]	1,008,867
Restricted assets of cemeteries and mortuaries	[2]	0
Cemetery perpetual care trust investments		975,673	[1]	0	[2]
Cemetery perpetual care trust investments	[2]	0
Derivatives - interest rate lock commitments	[3]	0		0
Assets, Fair Value Disclosure, Recurring		354,745,978		0
Derivatives - bank loan interest rate swaps, Call Options	[4]	0		0
Derivatives - bank loan interest rate swaps, Put Options	[4]	0		0
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	[4]	0		0
Obligations, Fair Value Disclosure		0		0
Restricted assets	[2]			0
Fair Value, Inputs, Level 3
Available-for-sale Securities		3,216,382
Equity securities at estimated fair value		0		0
Loans Held-for-sale, Fair Value Disclosure		213,457,632
Restricted assets of cemeteries and mortuaries	[1]	0
Restricted assets of cemeteries and mortuaries	[2]	0
Cemetery perpetual care trust investments		0	[1]	0	[2]
Cemetery perpetual care trust investments	[2]	0
Derivatives - interest rate lock commitments	[3]	2,722,580		1,969,967
Assets, Fair Value Disclosure, Recurring		219,396,594		138,180,820
Derivatives - bank loan interest rate swaps, Call Options	[4]	0		0
Derivatives - bank loan interest rate swaps, Put Options	[4]	0		0
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	[4]	(231,347)		(378,151)
Obligations, Fair Value Disclosure		(231,347)		(378,151)
Restricted assets	[2]			0
Available-for-sale Securities		355,977,820		0
Equity securities at estimated fair value		7,271,165		5,558,611
Loans Held-for-sale, Fair Value Disclosure		213,457,632
Restricted assets of cemeteries and mortuaries	[1]	1,008,867
Restricted assets of cemeteries and mortuaries	[2]	1,976,480
Cemetery perpetual care trust investments		975,673	[1]	483,353	[2]
Cemetery perpetual care trust investments	[2]	1,605,451
Derivatives - interest rate lock commitments	[3]	2,722,580		1,969,967
Assets, Fair Value Disclosure, Recurring		584,995,668		144,967,457
Derivatives - bank loan interest rate swaps, Call Options	[4]	(62,265)		(4,629)
Derivatives - bank loan interest rate swaps, Put Options	[4]	(22,282)		(296,053)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	[4]	(231,347)		(378,151)
Obligations, Fair Value Disclosure		$ (315,894)		(678,833)
Restricted assets	[2]			$ 744,673
[1]	Fixed maturity securities available for sale
[2]	Mutual funds and equity securities
[3]	Included in other assets on the consolidated balance sheets
[4]	Included in other liabilities and accrued expenses on the consolidated balance sheets

17) Fair Value of Financial I_8

17) Fair Value of Financial Instruments: Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Loans Held For Sale
Fair Value Balance	$ 213,457,632
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	103.00%
Loans Held For Sale | Minimum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	98.00%
Loans Held For Sale | Maximum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	109.00%
Net Derivatives Loan Commitments
Fair Value Balance	$ 2,491,233
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	81.00%
Net Derivatives Loan Commitments | Minimum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	1.00%
Net Derivatives Loan Commitments | Maximum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	92.00%
Fixed maturity securities available for sale
Fair Value Balance	$ 3,216,382
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	107.98%
Fixed maturity securities available for sale | Minimum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	95.02%
Fixed maturity securities available for sale | Maximum
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Range of Inputs	115.80%

17) Fair Value of Financial I_9

17) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Transfer of loans held for sale to mortgage loans held for investment		$ 31,881,851	$ 10,827,797
Net Derivatives Loan Commitments
Fair Value Balance		2,491,233	1,591,816	$ 1,996,589
Originations		0
Sales		0
Transfer of loans held for sale to mortgage loans held for investment		0
Transfer from fixed maturity securities held to maturity		0
Fair Value, Gains (Losses) included in earnings	[1]	899,417	(404,773)
Loans Held For Sale
Fair Value Balance		213,457,632	136,210,853	$ 133,414,188
Originations		2,606,839,175	2,194,607,543
Sales		(2,580,875,055)	(2,259,145,473)
Transfer of loans held for sale to mortgage loans held for investment		(31,881,851)	(10,827,797)
Fair Value, Gains (Losses) included in earnings	[1]	83,164,510	78,162,392
Fixed maturity securities available for sale
Fair Value Balance		3,216,382	$ 0
Originations		0
Sales		0
Transfer of loans held for sale to mortgage loans held for investment		0
Transfer from fixed maturity securities held to maturity		3,216,382
Fair Value, Gains (Losses) included in earnings	[1]	$ 0
[1]	As a component of mortgage fee income on the consolidated statements of earnings

17) Fair Value of Financial _10

17) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
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	1,302,025	1,253,302
Impaired real estate held for investment	8,375,884	1,611,384
Assets, Fair Value Disclosure, Nonrecurring	9,677,909	2,864,686
Impaired mortgage loans held for investment	1,302,025	1,253,302
Impaired real estate held for investment	8,375,884	1,611,384
Assets, Fair Value Disclosure, Nonrecurring	$ 9,677,909	$ 2,864,686

17) Fair Value of Financial _11

17) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)		Dec. 31, 2019		Dec. 31, 2018
Residential Mortgage
Carrying Value		$ 110,253,678		$ 87,947,566
Estimated Carrying Value		115,320,638		92,503,553
Residential construction
Carrying Value		88,651,967		70,886,702
Estimated Carrying Value		88,651,967		70,886,702
Commercial Loan
Carrying Value		37,788,901		27,630,801
Estimated Carrying Value		39,289,462		28,359,205
Mortgage Loans Net
Carrying Value		236,694,546		186,465,069
Estimated Carrying Value		243,262,067		191,749,460
Policy Loan
Carrying Value		14,762,805		6,424,325
Estimated Carrying Value		14,762,805		6,424,325
Insurance Assignments
Carrying Value	[1]	39,614,939		34,146,868
Estimated Carrying Value	[1]	39,614,939		34,168,868
Restricted Assets 1
Carrying Value		2,275,756	[2]	1,258,397	[3]
Estimated Carrying Value		2,289,679	[2]	1,271,687	[3]
Cemetery Perpetual Care Trust Investments
Carrying Value		524,000	[2]	990,390	[3]
Estimated Carrying Value		536,553	[2]	983,410	[3]
Mortgage Servicing Rights
Carrying Value		17,155,529		20,016,822
Estimated Carrying Value		22,784,571		28,885,316
Bank And Other Loans Payable
Carrying Value		(217,572,612)		(187,521,188)
Estimated Carrying Value		(217,572,612)		(187,521,188)
Policyholder Account Balances
Carrying Value	[4]	(45,154,180)		(46,479,853)
Estimated Carrying Value	[4]	(41,828,469)		(37,348,289)
Future Policy Benefits Annuities
Carrying Value	[4]	(113,579,830)		(98,137,615)
Estimated Carrying Value	[4]	(117,304,614)		(97,641,146)
Fixed Maturity Securities Held To Maturity
Carrying Value				232,078,723
Estimated Carrying Value				234,750,858
Restricted Assets 2
Carrying Value	[5]			1,799,268
Estimated Carrying Value	[5]			1,810,185
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	[1]	0		0
Fair Value, Inputs, Level 1 | Restricted Assets 1
Estimated Carrying Value		0	[2]	0	[3]
Fair Value, Inputs, Level 1 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value		0	[2]	0	[3]
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	[4]	0		0
Fair Value, Inputs, Level 1 | Future Policy Benefits Annuities
Estimated Carrying Value	[4]	0		0
Fair Value, Inputs, Level 1 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value				0
Fair Value, Inputs, Level 1 | Restricted Assets 2
Estimated Carrying Value	[5]			0
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	[1]	0		0
Fair Value, Inputs, Level 2 | Restricted Assets 1
Estimated Carrying Value		0	[2]	1,271,687	[3]
Fair Value, Inputs, Level 2 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value		0	[2]	983,410	[3]
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	[4]	0		0
Fair Value, Inputs, Level 2 | Future Policy Benefits Annuities
Estimated Carrying Value	[4]	0		0
Fair Value, Inputs, Level 2 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value				229,668,844
Fair Value, Inputs, Level 2 | Restricted Assets 2
Estimated Carrying Value	[5]			0
Fair Value, Inputs, Level 3 | Residential Mortgage
Estimated Carrying Value		115,320,638		92,503,553
Fair Value, Inputs, Level 3 | Residential construction
Estimated Carrying Value		88,651,967		70,886,702
Fair Value, Inputs, Level 3 | Commercial Loan
Estimated Carrying Value		39,289,462		28,359,205
Fair Value, Inputs, Level 3 | Mortgage Loans Net
Estimated Carrying Value		243,262,067		191,749,460
Fair Value, Inputs, Level 3 | Policy Loan
Estimated Carrying Value		14,762,805		6,424,325
Fair Value, Inputs, Level 3 | Insurance Assignments
Estimated Carrying Value	[1]	39,614,939		34,168,868
Fair Value, Inputs, Level 3 | Restricted Assets 1
Estimated Carrying Value		2,289,679	[2]	0	[3]
Fair Value, Inputs, Level 3 | Cemetery Perpetual Care Trust Investments
Estimated Carrying Value		536,553	[2]	0	[3]
Fair Value, Inputs, Level 3 | Mortgage Servicing Rights
Estimated Carrying Value		22,784,571		28,885,316
Fair Value, Inputs, Level 3 | Bank And Other Loans Payable
Estimated Carrying Value		(217,572,612)		(187,521,188)
Fair Value, Inputs, Level 3 | Policyholder Account Balances
Estimated Carrying Value	[4]	(41,828,469)		(37,348,289)
Fair Value, Inputs, Level 3 | Future Policy Benefits Annuities
Estimated Carrying Value	[4]	$ (117,304,614)		(97,641,146)
Fair Value, Inputs, Level 3 | Fixed Maturity Securities Held To Maturity
Estimated Carrying Value				5,082,014
Fair Value, Inputs, Level 3 | Restricted Assets 2
Estimated Carrying Value	[5]			$ 1,810,185
[1]	Included in other investments and policy loans on the consolidated balance sheets
[2]	Mortgage loans held for investment
[3]	Fixed maturity securities held to maturity
[4]	Included in future policy benefits and unpaid claims on the consolidated balance sheets
[5]	Participation in mortgage loans held for investment

18) Accumulated Other Compreh_4

18) Accumulated Other Comprehensive Income: Schedule of Changes in accumulated other comprehensive income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Details
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)		$ 0	$ (603,170)
Unrealized gains on fixed maturity securities available for sale		17,315,770	0
Reclassification adjustment for net realized gains in net income		0	0
Net unrealized gains before taxes		17,315,770	0
Tax expense		(3,636,311)	0
Net Unrealized Gain (Loss)		13,679,459	0
Unrealized gains on restricted assets	[1]	35,550	0
Potential Tax Expense		(8,856)	0
Net Unrealized Gain (Loss) including Derivatie Bank Loans and Tax benefit		26,694	0
Unrealized gains on restricted assets	[1]	29,904	0
Unrealized gains for foreign currency translation adjustments		972	(3,761)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax		(243)	938
Other comprehensive income balance, net		729	(2,823)
Other comprehensive income changes		$ 13,729,337	$ (605,993)
[1]	Fixed maturity securities available for sale

18) Accumulated Other Compreh_5

18) Accumulated Other Comprehensive Income: Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Details
Increase (Decrease) in Unrealized gains on fixed maturity securities available-for-sale		$ 13,679,459
Unrealized gains on fix maturity securities available-for-sale		13,679,459
Increase Dececrease in Unrealized gains on restricted assets	[1]	26,694
Unrealized gains on restricted assets	[1]	26,694
Increase Dececrease in Unrealized gains on cemetery perpetual care trust investments	[1]	22,455
Unrealized gains on cemetery perpetual care trust investments	[1]	22,455
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax		(2,094)	$ (2,823)
Foreign currency translation adjustments		729	(2,823)
Other comprehensive income (loss), Balance		13,726,514	(2,823)	$ 603,170
Increase (Decrease) in Other comprehensive income (loss), Balance		$ 13,729,337	(605,993)
Unrealized net gains on available-for-sale securities and trust investments			0	$ 603,170
Increase (Decrease) in Unrealized net gains on available- for-sale securities and trust investments	[2]		$ (603,170)
[1]	Fixed maturity securities available for sale
[2]	Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)

19) Derivative Instruments_ S_3

19) Derivative Instruments: Schedule of Fair Values and Notional Amounts of Derivative Instruments (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Loan Commitments
Derivative, Notional Amount	$ 224,202,514	$ 93,758,218
Derivative Asset, Notional Amount	2,722,580	1,969,967
Derivative Liability, Notional Amount	231,347	378,151
Call Options
Derivative, Notional Amount	1,813,500	805,500
Derivative Asset, Notional Amount	0	0
Derivative Liability, Notional Amount	62,265	4,629
Put Options
Derivative, Notional Amount	1,573,100	4,861,700
Derivative Asset, Notional Amount	0	0
Derivative Liability, Notional Amount	22,282	296,053
Derivative, Notional Amount	225,326,654	99,425,418
Derivative Asset, Notional Amount	2,722,580	1,969,967
Derivative Liability, Notional Amount	$ 315,894	$ 678,833

19) Derivative Instruments_ S_4

19) Derivative Instruments: Schedule of Gains and Losses on Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Gain (Loss) on Derivatives, Loan Commitments	$ 899,417	$ (404,773)
Gain (Loss) on Derivatives, Call and put options	$ 626,208	$ 187,786

20) Acquisitions_ Estimated F_2

20) Acquisitions: Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Cash received for reinsurance assumed		$ 158,358,594	$ 0
Coinsurance Agreement
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Other investments and policy loans		9,124,459
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Real estate held for investment		2,850,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Mortgage loans held for investment		200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		12,305,717
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Future policy benefits and unpaid claims		(165,404,970)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		(5,259,341)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(170,664,311)
Cash received for reinsurance assumed		158,358,594
Kilpatrick Life Insurance Co
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Real estate held for investment		2,708,557
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Mortgage loans held for investment		8,011,660
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		221,887,552
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Future policy benefits and unpaid claims		(189,071,407)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		(7,870,944)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(198,107,612)
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Fixed maturity securities, available for sale		22,766,520
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Fixed maturity securities, held to maturity		16,436
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Other investments		446,655
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Accrued investment income		183,527
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Investments		34,133,355
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		6,900,654
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	[1]	5,407,736
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Receivables from reinsurers	[1]	168,105,064
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		1,498,245
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Value of business acquired		4,962,831
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets		167,344
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		712,323
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		(283,304)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(881,957)
Fair Value of Assets Acquired		23,779,940
Fair Value of Net Assets Acquired / Consideration Paid, Net of Cash Acquired		16,879,286
Probst Family Funerals and Cremations and Heber Valley Funeral Home
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		3,318,823
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(3,176)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		53,859
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		13,620
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, Other		21,800
Fair Value of Assets Acquired		3,315,647
Fair Value of Net Assets Acquired / Consideration Paid, Net of Cash Acquired		3,261,788
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		754,018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt		(3,176)
Beta Capital Corp
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		3,405,783
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		890,000
Fair Value of Assets Acquired		3,405,783
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Investments - Insurance Assignments		$ 2,515,783
[1]	Receivable from reinsurers of $162,907,008 and receivables, net of $5,000,000 were settled with the recapture of the coinsurance agreement by Kilpatrick Life from Security National Life

20) Acquisitions (Details)

20) Acquisitions (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Total revenues	$ 77,742,254	$ 75,379,659	$ 68,445,182	$ 61,493,835	$ 61,454,399	$ 67,223,093	$ 68,865,126	$ 82,076,109	$ 283,060,930	$ 279,618,727
Net earnings									10,893,519	$ 21,686,079
Kilpatrick Life Insurance Co
Total revenues									1,461,011
Net earnings									848,031
Probst Family Funerals and Cremations and Heber Valley Funeral Home
Total revenues									796,992
Net earnings									$ 97,400

21) Mortgage Servicing Rights_6

21) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Details
Mortgage servicing rights, net		$ 17,155,529	$ 20,016,822	$ 21,376,937
Mortgage servicing rights, additions resulting from loan sales		4,194,502	3,922,816
Amortization of MSR's	[1]	(7,055,795)	(5,282,931)
Mortgage Servicing Rights		17,155,529	20,016,822
Estimated fair value of MSRs		$ 22,784,571	$ 28,885,316
[1]	Included in other expenses on the consolidated statements of earnings

21) Mortgage Servicing Rights_7

21) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights, Future Amortization Expense (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
2020	$ 2,999,452
2021	2,376,277
2022	1,971,249
2023	1,631,010
2024	1,359,492
Thereafter	6,818,049
Mortgage Servicing Rights	$ 17,155,529	$ 20,016,822

21) Mortgage Servicing Rights_8

21) Mortgage Servicing Rights: Schedule of Other Revenues (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Other Revenue, Net	$ 7,577,641	$ 7,880,470
Contractual Servicing Fees
Other Revenue, Net	7,212,164	7,561,226
Late Fees
Other Revenue, Net	$ 365,477	$ 319,244

21) Mortgage Servicing Rights_9

21) Mortgage Servicing Rights: Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Servicing Unpaid Principal Balance	$ 2,804,139,415	$ 2,941,231,563

21) Mortgage Servicing Right_10

21) Mortgage Servicing Rights: Assumptions used in determining MSR value (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Prepayment Speeds	15.30%	11.70%
Average Life in Years of MSR	5.27	6.33
Discount Rate	9.51	9.51

22) Future Policy Benefits an_3

22) Future Policy Benefits and Unpaid Claims: Schedule of Liability for Future Policy Benefits, by Product Segment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Future policy benefits and unpaid claims	$ 825,600,918	$ 620,399,714
Receivable from Reinsurers	15,747,768	10,820,102
Net future policy benefits and unpaid claims	809,853,150	609,579,612
Life Insurance Product Line
Future policy benefits and unpaid claims	654,585,723	466,232,621
Receivable from Reinsurers	11,040,398	6,702,328
Fixed Annuity
Future policy benefits and unpaid claims	113,579,831	98,137,615
Receivable from Reinsurers	4,038,007	4,078,666
Policyholder Account Balances
Future policy benefits and unpaid claims	45,154,180	46,479,853
Accident and Health Insurance Product Line
Future policy benefits and unpaid claims	667,428	482,693
Receivable from Reinsurers	90,113	0
Other Policyholder Funds
Future policy benefits and unpaid claims	4,530,227	4,431,296
Reported but unpaid claims
Future policy benefits and unpaid claims	4,891,922	3,365,872
Receivable from Reinsurers	569,250	33,108
Incurred but not reported claims
Future policy benefits and unpaid claims	2,191,607	1,269,764
Receivable from Reinsurers	$ 10,000	$ 6,000

23) Revenues From Contracts W_6

23) Revenues From Contracts With Customers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred pre-need cemetery and mortuary contract revenues	$ 12,607,978	$ 12,508,625
Revenue Included in Opening Contract Liability	3,558,103	2,623,903
Contract Liability
Deferred pre-need cemetery and mortuary contract revenues	12,607,978	12,508,625	$ 12,873,068
Pre-need merchandise and services	12,325,437	12,175,943	12,620,596
At-need specialty merchandise	282,541	327,302	236,572
Pre-need land sales	$ 0	$ 5,380	$ 15,900

23) Revenues From Contracts W_7

23) Revenues From Contracts With Customers: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Receivables (net of allowances for doubtful accounts of $1,724,156 and $1,519,842 for 2019 and 2018)		$ 9,236,330	$ 8,935,343
Deferred pre-need cemetery and mortuary contract revenues		12,607,978	12,508,625
Receivables
Receivables (net of allowances for doubtful accounts of $1,724,156 and $1,519,842 for 2019 and 2018)	[1]	2,778,879	2,816,225	$ 3,608,379
Increase (Decrease) in Accounts Receivable	[1]	(37,346)	(792,154)
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		12,607,978	12,508,625	$ 12,873,068
Increase (Decrease) in Deferred Revenue		$ 99,353	$ (364,443)
[1]	Included in Receivables, net on the consolidated balance sheets

23) Revenues From Contracts W_8

23) Revenues From Contracts With Customers: Opening and Closing Balances of the Contract Assets and Contract Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred pre-need cemetery and mortuary contract revenues	$ 12,607,978	$ 12,508,625
Contract Liability
Pre-need merchandise and services	12,325,437	12,175,943	$ 12,620,596
At-need specialty merchandise	282,541	327,302	236,572
Pre-need land sales	0	5,380	15,900
Deferred pre-need cemetery and mortuary contract revenues	$ 12,607,978	12,508,625	12,873,068
Contract Asset
Pre-need merchandise and services		0	0
Deferred pre-need cemetery and mortuary contract revenues		$ 0	$ 0

23) Revenues From Contracts W_9

23) Revenues From Contracts With Customers: Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net mortuary and cemetery sales	$ 15,296,235	$ 13,726,518
Major Goods Or Services Lines, at Need
Net mortuary and cemetery sales	12,334,777	10,391,976
Major Goods Or Services Lines, Pre Need
Net mortuary and cemetery sales	2,961,458	3,334,542
Timing Of Revenue Recognition, Goods Transferred At A Point In Time
Net mortuary and cemetery sales	10,133,723	9,100,851
Timing Of Revenue Recognition, Services Transferred At A Point In Time
Net mortuary and cemetery sales	$ 5,162,512	$ 4,625,667

23) Revenues From Contracts _10

23) Revenues From Contracts With Customers: Schedule of Contract Costs Included in Deferred Policy and Pre-Need Contract Acquisition Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deferred plicy and pre-need contract acquisition costs	$ 94,701,920	$ 89,362,096
Contract Costs
Pre-need merchandise and services	3,590,266	3,575,032
At-need specialty merchandise	10,688	15,926
Pre-need land sales	0	1,237
Deferred plicy and pre-need contract acquisition costs	$ 3,600,954	$ 3,592,195

24. Leases_ Schedule of Lease_2

24. Leases: Schedule of Lease Cost Recognized in Earnings (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Details
Finance Lease, Right-of-Use Asset, Amortization	[1]	$ 38,351
Finance Lease, Interest Expense	[2]	9,001
Operating Lease, Cost	[3]	5,706,490
Short-term Lease, Cost	[3],[4]	233,318
Sublease Income	[3]	(663,242)
Lease, Cost		5,323,918
Operating Cash Flows from Operating Leases		5,567,761
Operating Cash Flows from Finance Leases		9,001
Financing Cash Flows from Finance Leases		95,931
Right-of-use assets obtained in exchange for operating lease liabilities		16,544,406	$ 0
Right-of-use assets obtained in exchange for finance lease liabilities		$ 252,763	$ 0
[1]	Included in Depreciation on property and equipment on the consolidated statements of earnings
[2]	Included in Interest expense on the consolidated statements of earnings
[3]	Included in Rent and rent related expenses on the consolidated statements of earnings
[4]	Includes leases with a term of 12 months or less

24. Leases_ Schedule of Futur_2

24. Leases: Schedule of Future Minimum Rental Payments for Operating Leases (Details)	Dec. 31, 2019USD ($)
Present value of lease liabilities	$ 11,405,976
Finance Leases
2020	62,756
2021	45,086
2022	32,646
2023	25,408
2024	2,542
Thereafter	0
Total undiscounted lease payments	168,438
Less: Discount on cash flows	(14,999)
Present value of lease liabilities	153,439
Operating Leases
2020	4,241,547
2021	2,932,404
2022	1,780,183
2023	1,383,538
2024	1,061,520
Thereafter	2,919,074
Total undiscounted lease payments	14,318,266
Less: Discount on cash flows	(2,912,290)
Present value of lease liabilities	$ 11,405,976

24. Leases_ Right-of-Use Asse_2

24. Leases: Right-of-Use Assets and Lease Liabilities TextBlock (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Operating Lease, Right-of-Use Asset	$ 11,267,247
Present value of lease liabilities	11,405,976
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	248,565
Finance Lease, Right-of-Use Asset, Accumulated Amortization	(98,351)
Right-of-Use Assets, Gross	150,214
Finance lease liabilities	$ 153,439	$ 0

25) Quarterly Financial Data _3

25) Quarterly Financial Data (unaudited): Quarterly Financial Information (Details) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 31, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019		Dec. 31, 2018
Details
Total revenues	$ 77,742,254		$ 75,379,659		$ 68,445,182		$ 61,493,835		$ 61,454,399		$ 67,223,093		$ 68,865,126		$ 82,076,109		$ 283,060,930		$ 279,618,727
Benefits and Expenses	75,614,143		70,619,837		63,821,339		59,061,676		62,835,219		65,011,295		64,702,895		60,888,928
Earnings (loss) before income taxes	2,128,111		4,759,822		4,623,843		2,432,159		(1,380,820)		2,211,798		4,162,231		21,187,181
Income tax expense	(262,378)		(1,142,408)		(1,143,789)		(501,841)		889,013		(198,052)		(924,014)		(4,261,258)		$ (3,050,416)		$ (4,494,311)
Net Earnings	$ 1,865,733		$ 3,617,414		$ 3,480,054		$ 1,930,318		$ (491,807)		$ 2,013,746		$ 3,238,217		$ 16,925,923
Earnings Per Share, Basic	$ 0.10	[1]	$ 0.20	[1]	$ 0.19	[1]	$ 0.11	[1]	$ (0.03)	[1]	$ 0.11	[1]	$ 0.18	[1]	$ 0.95	[1]	$ 0.60	[2]	$ 1.21	[2]
Earnings Per Share, Diluted	$ 0.10	[1]	$ 0.20	[1]	$ 0.19	[1]	$ 0.11	[1]	$ (0.03)		$ 0.11		$ 0.18		$ 0.94		$ 0.60	[2]	$ 1.19	[2]
[1]	Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends
[2]	Earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share