Security National Financial (SNFCA) 10-K 31 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 22, 2022	Jun. 30, 2021
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-09341
Entity Registrant Name	SECURITY NATIONAL FINANCIAL CORPORATION
Entity Central Index Key	0000318673
Entity Tax Identification Number	87-0345941
Entity Incorporation, State or Country Code	UT
Entity Address, Address Line One	433 West Ascension Way
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84123
City Area Code	(801)
Local Phone Number	264-1060
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SNFCA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 67,000,000
Documents Incorporated by Reference	None.
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Salt Lake City, UT
Common Class A [Member]
Entity Common Stock, Shares Outstanding		17,692,445
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,866,565

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020)	$ 259,287,603	$ 294,656,679
Equity securities at estimated fair value (cost of $8,275,772 and $9,698,490 for 2021 and 2020)	11,596,414	11,324,239
Mortgage loans held for investment (net of allowances for loan losses of $1,699,902 and $2,005,127 for 2021 and 2020)	277,306,046	249,343,936
Real estate held for investment (net of accumulated depreciation of $17,692,038 and $13,800,973 for 2021 and 2020)	197,365,797	131,684,453
Real estate held for sale	3,731,300	7,878,807
Other investments and policy loans (net of allowances for doubtful accounts of $1,686,218 and $1,645,475 for 2021 and 2020)	67,955,155	73,696,661
Accrued investment income	6,313,012	5,360,523
Total investments	823,555,327	773,945,298
Cash and cash equivalents	131,354,470	106,219,429
Loans held for sale at estimated fair value	302,776,827	422,772,418
Receivables (net of allowances for doubtful accounts of $1,800,725 and $1,685,382 for 2021 and 2020)	18,316,116	10,899,207
Restricted assets (including $5,205,510 and $3,989,415 for 2021 and 2020 at estimated fair value)	16,938,122	16,150,036
Cemetery perpetual care trust investments (including $4,087,245 and $2,810,070 for 2021 and 2020 at estimated fair value)	7,835,721	6,413,167
Receivable from reinsurers	14,850,608	15,569,156
Cemetery land and improvements	8,977,877	8,761,436
Deferred policy and pre-need contract acquisition costs	105,049,983	100,075,276
Mortgage servicing rights, net	53,060,455	35,210,516
Property and equipment, net	21,517,598	12,473,345
Value of business acquired	8,421,432	8,955,249
Goodwill	5,253,783	3,519,588
Other	29,684,987	27,976,357
Total Assets	1,547,593,306	1,548,940,478
Liabilities
Future policy benefits and unpaid claims	863,274,693	844,790,087
Unearned premium reserve	3,060,738	3,328,623
Bank and other loans payable	251,286,927	297,824,368
Deferred pre-need cemetery and mortuary contract revenues	14,508,022	13,080,179
Cemetery perpetual care obligation	4,915,285	4,087,704
Accounts payable	10,166,573	8,932,683
Other liabilities and accrued expenses	69,578,138	87,650,981
Income taxes	31,036,096	25,258,800
Total liabilities	1,247,826,472	1,284,953,425
Stockholders’ Equity
Preferred stock - non-voting-$1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital	57,985,947	50,287,253
Accumulated other comprehensive income, net of taxes	18,070,448	23,243,133
Retained earnings	184,537,489	153,739,167
Treasury stock, at cost - 108,079 Class A shares and 109,193 Class C shares in 2021; 227,852 Class A shares and 10,985 Class C shares in 2020	(1,845,624)	(1,833,272)
Total stockholders’ equity	299,766,834	263,987,053
Total Liabilities and Stockholders’ Equity	1,547,593,306	1,548,940,478
Common Class A [Member]
Stockholders’ Equity
Common stock, value	35,285,444	33,191,566
Common Class B [Member]
Stockholders’ Equity
Common stock, value
Common Class C [Member]
Stockholders’ Equity
Common stock, value	$ 5,733,130	$ 5,359,206

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Amortized cost	$ 236,303,310	$ 265,150,484
Equity securities cost	8,275,772	9,698,490
Allowance for loan and lease losses, real estate	1,699,902	2,005,127
Real estate investment property, accumulated depreciation	17,692,038	13,800,973
Allowance for doubtful accounts, premiums and other receivables	1,686,218	1,645,475
Accounts receivable, allowance for credit loss	1,800,725	1,685,382
Aggregate fair value, restricted assets	5,205,510	3,989,415
Aggregate fair value, Cemetery perpetual care trust investments	$ 4,087,245	$ 2,810,070
Preferred stock, par value	$ 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 [Member]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares outstanding	17,642,722	16,595,783
Treasury stock, shares	108,079	227,852
Common Class B [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares outstanding	0	0
Common stock, shares outstanding	0	0
Common Class C [Member]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	3,000,000	3,000,000
Common stock, shares outstanding	2,866,565	2,679,603
Treasury stock, shares	109,193	10,985

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Revenues:
Mortgage fee income		$ 263,418,230	$ 298,933,110
Insurance premiums and other considerations		100,254,573	93,020,617
Net investment income		58,264,683	56,329,803
Net mortuary and cemetery sales		23,997,313	20,307,435
Gains on investments and other assets		6,265,134	1,925,850
Other than temporary impairments on investments		(39,502)	(370,975)
Other		18,535,111	11,317,482
Total revenues		470,695,542	481,463,322
Benefits and expenses:
Death benefits		63,247,616	59,040,130
Surrenders and other policy benefits		3,970,839	3,801,230
Increase in future policy benefits		26,263,312	23,568,650
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		16,142,970	14,307,425
Selling, general and administrative expenses:
Commissions		118,286,469	124,426,297
Personnel		100,740,161	84,989,971
Advertising		6,626,418	5,380,896
Rent and rent related		7,242,287	6,873,561
Depreciation on property and equipment		1,935,613	2,078,738
Provision for loan loss reserve			16,506,030
Costs related to funding mortgage loans		10,541,570	9,877,700
Other		53,065,982	47,331,102
Interest expense		7,127,516	8,578,810
Cost of goods and services sold – cemeteries and mortuaries		3,704,014	3,252,655
Total benefits and expenses		418,894,767	410,013,195
Earnings before income taxes		51,800,775	71,450,127
Income tax expense		(12,281,785)	(15,853,514)
Net earnings		$ 39,518,990	$ 55,596,613
Net earnings per Class A equivalent common share	[1]	$ 1.96	$ 2.81
Net earnings per Class A equivalent common share - assuming dilution	[1]	$ 1.89	$ 2.74
Weighted average Class A equivalent common shares outstanding	[1]	20,154,878	19,788,984
Weighted average Class A equivalent common shares outstanding-assuming dilution	[1]	20,929,084	20,254,407
[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.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net earnings	$ 39,518,990	$ 55,596,613
Other comprehensive income:
Unrealized gains (losses) on fixed maturity securities available for sale	(6,517,731)	12,013,692
Unrealized gains (losses) on restricted assets	(23,250)	41,225
Unrealized losses on cemetery perpetual care trust investments	(11,114)	(6,817)
Foreign currency translation adjustments	2,835	(46)
Other comprehensive income (loss), before income tax	(6,549,260)	12,048,054
Income tax benefit (expense)	1,376,575	(2,531,435)
Other comprehensive income (loss), net of income tax	(5,172,685)	9,516,619
Comprehensive income	$ 34,346,305	$ 65,113,232

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class C [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Beginning balance, value 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
Net earnings					55,596,613		55,596,613
Other comprehensive income (loss)				9,516,619			9,516,619
Stock based compensation expense			358,878				358,878
Exercise of stock options	137,940	261,640	432,572				832,152
Sale of treasury stock			1,224,877			2,715,071	3,939,948
Purchase of treasury stock						(2,967,761)	(2,967,761)
Stock dividends	810,420	123,440	2,179,814		(3,113,675)		(1)
Conversion Class C to Class A	27,648	(27,648)
Ending balance, value at Dec. 31, 2020	33,191,566	5,359,206	50,287,253	23,243,133	153,739,167	(1,833,272)	263,987,053
Net earnings					39,518,990		39,518,990
Other comprehensive income (loss)				(5,172,685)			(5,172,685)
Stock based compensation expense			118,384				118,384
Exercise of stock options	320,564	209,312	547,549				1,077,425
Sale of treasury stock			250,019			5,757,383	6,007,402
Purchase of treasury stock						(5,769,735)	(5,769,735)
Stock dividends	1,674,820	263,106	6,782,742		(8,720,668)
Conversion Class C to Class A	98,494	(98,494)
Ending balance, value at Dec. 31, 2021	$ 35,285,444	$ 5,733,130	$ 57,985,947	$ 18,070,448	$ 184,537,489	$ (1,845,624)	$ 299,766,834

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net earnings		$ 39,518,990	$ 55,596,613
Adjustments to reconcile net earnings to net cash used in operating activities:
Gains on investments and other assets		(6,265,134)	(1,925,850)
Other than temporary impairments on investments		39,502	370,975
Depreciation		5,540,672	5,447,363
Provision for loan losses and doubtful accounts		965,736	1,577,370
Net amortization of deferred fees and costs, premiums and discounts		(1,154,604)	(1,227,773)
Provision for deferred income taxes		11,308,436	2,854,669
Policy and pre-need acquisition costs deferred		(19,985,257)	(18,909,921)
Policy and pre-need acquisition costs amortized		15,027,841	13,520,600
Value of business acquired amortized		1,115,129	786,825
Mortgage servicing rights, additions		(32,701,819)	(29,896,465)
Amortization of mortgage servicing rights	[1]	14,851,880	11,841,478
Stock based compensation expense		118,384	358,878
Benefit plans funded with treasury stock		6,007,402	3,939,948
Net change in fair value of loans held for sale		8,783,376	(10,413,492)
Originations of loans held for sale		(5,611,189,587)	(5,627,013,749)
Proceeds from sales of loans held for sale		5,900,076,766	5,600,045,285
Net gains on sales of loans held for sale		(177,876,915)	(188,893,379)
Change in assets and liabilities:
Land and improvements held for sale		441,839	758,514
Future policy benefits and unpaid claims		22,104,116	25,804,740
Other operating assets and liabilities		(32,088,511)	25,750,164
Net cash provided by (used in) operating activities		144,638,242	(129,627,207)
Cash flows from investing activities:
Purchases of fixed maturity securities		(18,857,131)	(58,493,147)
Sales, calls and maturities of fixed maturity securities		48,015,753	131,269,730
Purchase of equity securities		(1,950,554)	(6,991,832)
Sales of equity securities		3,868,061	3,902,835
Net changes in restricted assets		473,156	(1,954,437)
Net changes in cemetery perpetual care trust investments		(143,379)	(2,755,856)
Mortgage loans held for investment, other investments and policy loans made		(838,524,150)	(682,170,126)
Payments received for mortgage loans held for investment, other investments and policy loans		818,108,666	672,544,708
Purchases of property and equipment		(5,219,928)	(1,630,734)
Sales of property and equipment			194,955
Purchases of real estate		(92,403,534)	(40,190,471)
Sales of real estate		35,644,576	22,418,816
Cash paid for purchase of subsidiaries, net of cash acquired		(12,625,142)
Net cash provided by (used in) investing activities		(63,613,606)	36,144,441
Cash flows from financing activities:
Investment contract receipts		11,481,349	11,511,118
Investment contract withdrawals		(15,244,629)	(18,235,107)
Proceeds from stock options exercised		1,077,425	832,152
Purchase of treasury stock		(5,769,735)	(2,967,761)
Repayment of bank loans		(69,039,725)	(174,865,813)
Proceeds from bank loans		106,995,930	164,586,365
Net change in warehouse line borrowings for loans held for sale		(84,576,055)	90,351,225
Net cash provided by (used in) financing activities		(55,075,440)	71,212,179
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents		25,949,196	(22,270,587)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year		115,465,086	137,735,673
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year		141,414,282	115,465,086
Supplemental Disclosure of Cash Flow Information:
Interest (net of amount capitalized)		7,290,867	8,385,270
Income taxes		5,127,913	11,813,120
Non Cash Investing and Financing Activities:
Right-of-use assets obtained in exchange for operating lease liabilities		5,216,048	5,631,193
Accrued real estate construction costs and retainage		4,400,320	6,365,534
Transfer of property and equipment to real estate held for investment		3,108,681	1,516,700
Mortgage loans held for investment foreclosed into real estate held for investment		931,079	686,124
Transfer of loans held for sale to mortgage loans held for investment		201,951	16,960,549
Right-of-use assets obtained in exchange for finance lease liabilities			8,494
Cash and cash equivalents		131,354,470	106,219,429
Restricted assets		9,000,293	8,842,744
Cemetery perpetual care trust investments		$ 1,059,519	$ 402,913
[1]	Included in other expenses on the consolidated statements of earnings

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
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 reportable 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 states located in western, mid-western and southern regions of the United States. The cemetery and mortuary segment of the Company consists of eleven mortuaries and five cemeteries in Utah, one cemetery in California, and four mortuaries and one cemetery in New Mexico. 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 Equity securities SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies Mortgage loans held for investment Real estate held for investment Real estate held for sale Other investments and policy loans Accrued investment income 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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: ● Failure to deliver original documents specified by the investor, ● The existence of misrepresentation or fraud in the origination of the loan, ● The loan becomes delinquent due to nonpayment during the first several months after it is sold, ● Early pay-off of a loan, as defined by the agreements, ● Excessive time to settle a loan, ● Investor declines purchase, and ● Discontinued product and expired commitment. 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 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 and may contain significant unobservable inputs, 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 six months of origination 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 as a component of provision for loan loss reserve. 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 further 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 include 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 funded 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 five of the seven cemeteries owned by the Company. 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 also 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 (“VOBA”) is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies Premium Deficiency and Loss Recognition Testing At least annually, the Company tests the adequacy of the net benefit reserves (liability for future policy benefits, net of DAC and VOBA) recorded for life insurance and annuity products. The Company tests for recoverability by using the Company’s current best-estimate assumptions as to policyholder mortality, persistency, maintenance expenses and invested asset returns. These tests evaluate whether the present value of future contract-related cash flows will support the capitalized DAC and VOBA assets. These cash flows consist primarily of premium income, less benefits and expenses. If the current contract liabilities plus the present value of future premiums is greater than the sum of the present values of future policy benefits, commissions, and expenses plus the current DAC and VOBA less unearned premium reserve balances, then the capitalized assets are deemed recoverable. The present values are calculated using the best estimate of the after tax net investment earned rate. 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 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 15 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 forty years SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 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. As a practical expedient, 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: SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 10 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 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100 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 performance obligations remaining. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 purchas

Investments

Investments	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investments	2) Investments The Company’s investments as of December 31, 2021 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2021: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 22,307,736 $ 578,567 $ - $ 22,886,303 Obligations of states and political subdivisions 4,649,917 212,803 (1,989 ) 4,860,731 Corporate securities including public utilities 174,711,061 21,791,370 (353,668 ) 196,148,763 Mortgage-backed securities 34,365,382 905,159 (161,332 ) 35,109,209 Redeemable preferred stock 269,214 13,383 - 282,597 Total fixed maturity securities available for sale $ 236,303,310 $ 23,501,282 $ (516,989 ) $ 259,287,603 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,275,772 $ 3,626,444 $ (305,802 ) $ 11,596,414 Total equity securities at estimated fair value $ 8,275,772 $ 3,626,444 $ (305,802 ) $ 11,596,414 Mortgage loans held for investment at amortized cost: Residential $ 53,533,712 Residential construction 175,117,783 Commercial 51,683,022 Less: Unamortized deferred loan fees, net (918,586 ) Less: Allowance for loan losses (1,699,902 ) Less: Net discounts (409,983 ) Total mortgage loans held for investment $ 277,306,046 Real estate held for investment - net of accumulated depreciation: Residential $ 41,972,462 Commercial 155,393,335 Total real estate held for investment $ 197,365,797 Real estate held for sale: Residential $ 1,190,602 Commercial 2,540,698 Total real estate held for sale $ 3,731,300 Other investments and policy loans at amortized cost: Policy loans $ 13,478,214 Insurance assignments 48,632,808 Federal Home Loan Bank stock (1) 2,547,100 Other investments 4,983,251 Less: Allowance for doubtful accounts (1,686,218 ) Total policy loans and other investments $ 67,955,155 Accrued investment income $ 6,313,012 Total investments $ 823,555,327 (1) Includes $ 905,700 1,641,400 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company’s investments as of December 31, 2020 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2020: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 42,381,805 $ 1,358,562 $ - $ 43,740,367 Obligations of states and political subdivisions 5,383,762 312,214 (1,261 ) 5,694,715 Corporate securities including public utilities 186,067,912 27,216,496 (681,478 ) 212,602,930 Mortgage-backed securities 31,047,791 1,565,377 (267,106 ) 32,346,062 Redeemable preferred stock 269,214 3,391 - 272,605 Total fixed maturity securities available for sale $ 265,150,484 $ 30,456,040 $ (949,845 ) $ 294,656,679 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,698,490 $ 2,376,156 $ (750,407 ) $ 11,324,239 Total equity securities at estimated fair value $ 9,698,490 $ 2,376,156 $ (750,407 ) $ 11,324,239 Mortgage loans held for investment at amortized cost: Residential $ 95,822,448 Residential construction 111,111,777 Commercial 46,836,866 Less: Unamortized deferred loan fees, net (1,161,132 ) Less: Allowance for loan losses (2,005,127 ) Less: Net discounts (1,260,896 ) Total mortgage loans held for investment $ 249,343,936 Real estate held for investment - net of accumulated depreciation: Residential $ 24,843,743 Commercial 106,840,710 Total real estate held for investment $ 131,684,453 Real estate held for sale: Residential $ 3,478,254 Commercial 4,400,553 Total real estate held for sale $ 7,878,807 Other investments and policy loans at amortized cost: Policy loans $ 14,171,589 Insurance assignments 53,231,131 Federal Home Loan Bank stock (1) 2,506,600 Other investments 5,432,816 Less: Allowance for doubtful accounts (1,645,475 ) Total policy loans and other investments $ 73,696,661 Accrued investment income $ 5,360,523 Total investments $ 773,945,298 (1) Includes $ 866,900 1,639,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments Fixed Maturity Securities The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at December 31, 2021 and at December 31, 2020. The unrealized losses were primarily related to interest rate fluctuations and uncertainties relating to COVID-19. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of 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, 2021 Obligations of States and Political Subdivisions $ 1,989 $ 548,715 $ - $ - $ 1,989 $ 548,715 Corporate Securities 73,507 4,638,750 280,161 3,771,813 353,668 8,410,563 Mortgage and other asset-backed securities 72,952 7,934,760 88,380 1,582,804 161,332 9,517,564 Total unrealized losses $ 148,448 $ 13,122,225 $ 368,541 $ 5,354,617 $ 516,989 $ 18,476,842 At December 31, 2020 Obligations of States and Political Subdivisions $ 1,261 $ 206,812 $ - $ - $ 1,261 $ 206,812 Corporate Securities 242,596 9,919,298 438,882 2,593,026 681,478 12,512,324 Mortgage and other asset-backed securities 266,522 3,455,574 584 51,961 267,106 3,507,535 Total unrealized losses $ 510,379 $ 13,581,684 $ 439,466 $ 2,644,987 $ 949,845 $ 16,226,671 There were 55 securities with fair value of 97.3 94.7 39,502 370,975 On a quarterly basis, the Company evaluates its fixed maturity securities classified as available for sale. 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, unless current market or recent company news could lead to a credit downgrade. 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. 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The following table presents a rollforward of the Company’s cumulative other than temporary credit impairments (“OTTI”) recognized in earnings on fixed maturity securities available for sale. Schedule of Earnings on Fixed Maturity Securities 2021 2020 Balance of credit-related OTTI at January 1 $ 370,975 $ - Additions for credit impairments recognized on: Securities not previously impaired 39,502 370,975 Securities previously impaired - - Reductions for credit impairments previously recognized on: Securities that matured or were sold during the period (realized) (145,500 ) - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at December 31 $ 264,977 $ 370,975 The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at December 31, 2021, by contractual maturity. 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. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 68,966 $ 70,024 Due in 2-5 years 62,958,696 65,605,915 Due in 5-10 years 70,740,783 77,346,448 Due in more than 10 years 67,900,269 80,873,410 Mortgage-backed securities 34,365,382 35,109,209 Redeemable preferred stock 269,214 282,597 Total $ 236,303,310 $ 259,287,603 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company pledged a total of $ 28,993,126 0 27,054,347 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments Investment Related Earnings The following tables presents the net realized gains and losses from sales, calls, and maturities, unrealized gains and losses on equity securities, and other than temporary impairments from investments and other assets. Schedule of Gain (Loss) on Investments Years Ended December 31 2021 2020 Fixed maturity securities available for sale: Gross realized gains $ 984,740 $ 445,749 Gross realized losses (139,728 ) (77,546 ) Other than temporary impairments (39,502 ) (370,975 ) Equity securities: Gains on securities sold 390,597 74,836 Unrealized gains on securities held at the end of the period 2,732,130 1,125,304 Other assets: Gross realized gains 4,786,535 2,342,418 Gross realized losses (2,489,140 ) (1,984,911 ) Total $ 6,225,632 $ 1,554,875 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. Information regarding sales of fixed maturity securities available for sale is presented as follows. Schedule of Major Categories of Net Investment Income Years Ended December 31 2021 2020 Proceeds from sales $ 2,896,351 $ 5,477,438 Gross realized gains 208,698 358,236 Gross realized losses (4,046 ) (21,137 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments Major categories of net investment income were as follows: Years Ended December 31 2021 2020 Fixed maturity securities available for sale $ 10,769,979 $ 12,233,394 Equity securities 446,337 642,433 Mortgage loans held for investment 28,758,614 25,672,746 Real estate held for investment and sale 12,334,989 11,945,401 Policy loans 940,890 1,025,179 Insurance assignments 19,062,052 17,837,578 Other investments 131,145 126,013 Cash and cash equivalents 235,470 426,623 Gross investment income 72,679,476 69,909,367 Investment expenses (14,414,793 ) (13,579,564 ) Net investment income $ 58,264,683 $ 56,329,803 Net investment income includes income earned by the restricted assets of the cemeteries and mortuaries of $ 1,472,295 676,313 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 $ 101,681,853 9,684,409 There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses) at December 31, 2021, other than investments issued or guaranteed by the United States Government. Real Estate Held for Investment and Held for Sale The Company strategically deploys 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments 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 11 commercial properties in 5 states. These properties include office buildings, flex office space, and includes the redevelopment and expansion of its corporate campus (“Center53”) in Salt Lake City, Utah. The Company does use debt in strategic cases to leverage established yields or to acquire a higher quality or different class of asset. The aggregated net ending balance of commercial real estate that serves as collateral for bank loans was $ 134,251,205 71,517,902 85,663,148 46,153,283 During the years ended December 31, 2021 and 2020, the Company recorded impairment losses on commercial real estate held for sale of $ 2,028,378 897,980 The Company’s commercial real estate held for investment is summarized as follows: Schedule of Commercial Real Estate Investment Net Ending Balance Total Square Footage December 31 December 31 2021 2020 2021 2020 Utah (1) $ 150,105,948 $ 100,927,528 675,920 379,066 Louisiana 2,426,612 2,998,684 31,778 84,841 Mississippi 2,860,775 2,914,498 19,694 21,521 $ 155,393,335 $ 106,840,710 727,392 485,428 (1) Includes Center53 phase 1 and phase 2 The Company’s commercial real estate held for sale is summarized as follows: Net Ending Balance Total Square Footage December 31 December 31 2021 2020 2021 2020 Kansas $ 2,000,000 $ 4,000,000 222,679 222,679 Louisiana 389,145 - 2,872 - Mississippi (1) 151,553 151,553 - 12,300 Texas (2) 249,000 - - $ 2,540,698 $ 4,400,553 225,551 234,979 (1) Approximately 93 acres of undeveloped land, in 2021, the existing building was removed (2) Improved commercial pad SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments 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 small portfolio of residential homes primarily as a result of loan foreclosures. The Company has the option to sell them or to continue to hold them for cash flow and acceptable returns. The Company also invests in residential subdivision land 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. During the years ended December 31, 2021 and 2020, the Company recorded impairment losses on residential real estate held for sale of $- 0 43,394 The net ending balance of foreclosed residential real estate included in residential real estate held for investment or sale is $ 1,190,602 4,327,079 The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Ending Balance December 31 2021 2020 Utah (1) $ 41,686,281 $ 24,557,562 Washington (2) 286,181 286,181 Residential Real Estate Investment $ 41,972,462 $ 24,843,743 (1) Including subdivision land developments (2) Improved residential lots The following table presents additional information regarding the Company’s subdivision land developments in Utah. December 31 2021 2020 Lots available for sale 67 36 Lots to be developed 548 350 Ending Balance $ 41,479,434 $ 23,777,478 Residential Real Estate Investment $ 41,479,434 $ 23,777,478 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company’s residential real estate held for sale is summarized as follows: Net Ending Balance December 31 2021 2020 Nevada $ 979,640 $ 979,640 Texas 200,962 - Ohio 10,000 10,000 Florida - 744,322 Utah - 1,744,292 Real Estate held for Sale $ 1,190,602 $ 3,478,254 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, 2021, real estate owned and occupied by the Company is summarized as follows: Schedule of Real Estate Owned and Occupied by the Company Location Business Segment Approximate Square Footage Square Footage Occupied by the Company 433 West Ascension Way, Salt Lake City, UT - Center53 Phase 2 Corporate Offices, Life Insurance, Cemetery/Mortuary Operations, and Mortgage Operations and Sales 221,000 50 % 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (1) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (1) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (1) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (1) Life Insurance Sales 1,737 100 % (1) Included in property and equipment on the consolidated balance sheets 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 10.5 70 7 5 4 4 2 57 13 9 4 3 3 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company establishes a valuation allowance for credit losses in its mortgage loans held for investment portfolio. The following table presents the valuation allowance for loan losses as a contra-asset account. Schedule of Allowance for Loan Losses as Contra- Asset Account Commercial Residential Residential Construction Total December 31, 2021 Allowance for credit losses: Beginning balance $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Charge-offs - - - - Provision - (305,225 ) - (305,225 ) Ending balance $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Ending balance: individually evaluated for impairment $ - $ 105,384 $ - $ 105,384 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,364,187 $ 43,202 $ 1,594,518 Mortgage loans: Ending balance $ 51,683,022 $ 53,533,712 $ 175,117,783 $ 280,334,517 Ending balance: individually evaluated for impairment $ 1,723,372 $ 2,548,656 $ - $ 4,272,028 Ending balance: collectively evaluated for impairment $ 49,959,650 $ 50,985,056 $ 175,117,783 $ 2,760,162,489 December 31, 2020 Allowance for credit losses: Beginning balance $ 187,129 $ 1,222,706 $ 43,202 $ 1,453,037 Charge-offs - - - - Provision - 552,090 - 552,090 Ending balance $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Ending balance: individually evaluated for impairment $ - $ 219,905 $ - $ 219,905 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,554,891 $ 43,202 $ 1,785,222 Mortgage loans: Ending balance $ 46,836,866 $ 111,111,777 $ 95,822,448 $ 253,771,091 Ending balance: individually evaluated for impairment $ 2,148,827 $ 7,932,680 $ 200,963 $ 10,282,470 Ending balance: collectively evaluated for impairment $ 44,688,039 $ 103,179,097 $ 95,621,485 $ 243,488,621 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The following table presents the aging of mortgage loans held for investment. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total December 31, 2021 30-59 Days Past Due $ - $ 3,117,826 $ 1,363,127 $ 4,480,953 60-89 Days Past Due 100,204 580,815 - 681,019 Greater Than 90 Days (1) 1,723,372 2,052,062 - 3,775,434 In Process of Foreclosure (1) - 496,594 - 496,594 Total Past Due 1,823,576 6,247,297 1,363,127 9,434,000 Current 49,859,446 47,286,415 173,754,656 270,900,517 Total Mortgage Loans 51,683,022 53,533,712 175,117,783 280,334,517 Allowance for Loan Losses (187,129 ) (1,469,571 ) (43,202 ) (1,699,902 ) Unamortized deferred loan fees, net (36,813 ) (498,600 ) (383,173 ) (918,586 ) Unamortized discounts, net (240,614 ) (169,369 ) - (409,983 ) Net Mortgage Loans $ 51,218,466 $ 51,396,172 $ 174,691,408 $ 277,306,046 December 31, 2020 30-59 Days Past Due $ 233,200 $ 5,866,505 $ 127,191 $ 6,226,896 60-89 Days Past Due 812,780 2,048,148 - 2,860,928 Greater Than 90 Days (1) 2,148,827 5,669,583 - 7,818,410 In Process of Foreclosure (1) - 2,263,097 200,963 2,464,060 Total Past Due 3,194,807 15,847,333 328,154 19,370,294 Current 43,642,059 79,975,115 110,783,623 234,400,797 Total Mortgage Loans 46,836,866 95,822,448 111,111,777 253,771,091 Allowance for Loan Losses (187,129 ) (1,774,796 ) (43,202 ) (2,005,127 ) Unamortized deferred loan fees, net (32,557 ) (909,864 ) (218,711 ) (1,161,132 ) Unamortized discounts, net (880,721 ) (380,175 ) - (1,260,896 ) Net Mortgage Loans $ 45,736,459 $ 92,757,613 $ 110,849,864 $ 249,343,936 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments 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 are summarized as follows: Schedule of Impaired Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2021 With no related allowance recorded: Commercial $ 1,723,372 $ 1,723,372 $ - $ 1,053,865 $ - Residential 1,591,368 1,591,368 - 2,731,421 - Residential construction - - - 100,481 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 957,288 957,288 105,384 726,449 - Residential construction - - - - - Total: Commercial $ 1,723,372 $ 1,723,372 $ - $ 1,053,865 $ - Residential 2,548,656 2,548,656 105,384 3,457,870 - Residential construction - - - 100,481 - December 31, 2020 With no related allowance recorded: Commercial $ 2,148,827 $ 2,148,827 $ - $ 1,866,819 $ - Residential 6,415,419 6,415,419 - 5,010,078 - Residential construction 200,963 200,963 - 555,278 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,517,261 1,517,261 219,905 1,182,368 - Residential construction - - - - - Total: Commercial $ 2,148,827 $ 2,148,827 $ - $ 1,866,819 $ - Residential 7,932,680 7,932,680 219,905 6,192,446 - Residential construction 200,963 200,963 - 555,278 - 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company’s performing and non-performing mortgage loans held for investment are summarized as follows: Schedule of Credit Risk of Mortgage Loans Based on Performance Status Commercial Residential Residential Construction Total December 31 December 31 December 31 December 31 2021 2020 2021 2020 2021 2020 2021 2020 Performing $ 49,959,650 $ 44,688,039 $ 50,985,056 $ 87,889,768 $ 175,117,783 $ 110,910,814 $ 276,062,489 $ 243,488,621 Non-performing 1,723,372 2,148,827 2,548,656 7,932,680 - 200,963 4,272,028 10,282,470 Total $ 51,683,022 $ 46,836,866 $ 53,533,712 $ 95,822,448 $ 175,117,783 $ 111,111,777 $ 280,334,517 $ 253,771,091 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 $ 236,000 491,000 Principal Amounts Due The following table presents the amortized cost and contractual payments on mortgage loans held for investment by category as of December 31, 2021. Expected principal payments may differ from contractual obligations because certain borrowers may elect to pay off mortgage obligations with or without early payment penalties. Schedule of Mortgage loans Held for Investment Principal Principal Principal Amounts Amounts Amounts Due in Due in Due Total 1 Year 2-5 Years Thereafter Residential $ 53,533,712 $ 7,451,252 $ 6,031,628 $ 40,050,832 Residential Construction 175,117,783 145,711,262 29,406,521 - Commercial 51,683,022 17,007,282 25,761,914 8,913,826 Total $ 280,334,517 $ 170,169,796 $ 61,200,063 $ 48,964,658 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Loans Held for Sale

Loans Held for Sale	12 Months Ended
	Dec. 31, 2021
Loans Held For Sale
Loans Held for Sale	3) Loans Held for Sale The Company elected the fair value option for loans held for sale. Changes in the fair value of the loans are included in mortgage fee income. 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. See Note 17 of the Notes to Consolidated Financial Statements for additional disclosures regarding loans held for sale. The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale. Schedule of Aggregate Fair Value - Loans Held for Sale 2021 2020 December 31 2021 2020 Aggregate fair value $ 302,776,827 $ 422,772,418 Unpaid principal balance 294,481,503 406,407,323 Unrealized gain 8,295,324 16,365,095 Mortgage Fee Income Mortgage fee income consists of origination fees, processing fees, interest income and certain other income related to the origination and sale of mortgage loans held for sale. Major categories of mortgage fee income for loans held for sale are summarized as follows: Schedule of Mortgage Fee Income for Loans Held for Sale 2021 2020 Years Ended December 31 2021 2020 Loan fees $ 37,723,433 $ 43,432,532 Interest income 9,385,469 10,628,581 Secondary gains 230,417,029 231,759,342 Change in fair value of loan commitments (3,113,095 ) 7,637,377 Change in fair value of loans held for sale (8,783,376 ) 10,413,492 Provision for loan loss reserve (2,211,230 ) (4,938,214 ) Mortgage fee income $ 263,418,230 $ 298,933,110 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 3) Loans Held for Sale The loan loss reserve, which is included in other liabilities and accrued expenses, is summarized as follows: Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses 2021 2020 December 31 2021 2020 Balance, beginning of period $ 20,583,618 $ 4,046,288 Provision for current loan originations (1) 2,211,230 4,938,214 Additional provision for loan loss reserve - 16,506,030 Charge-offs, net of recaptured amounts (20,347,709 ) (4,906,914 ) Balance, at December 31 $ 2,447,139 $ 20,583,618 (1) Included in Mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the year ended December 31, 2021, $ 2,211,230 390 1,000,000 4,938,214 890 1,000,000 16,506,030 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Receivables

Receivables	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Receivables	4) Receivables Receivables consist of the following: Schedule of Receivables December 31 2021 2020 Trade contracts $ 5,298,636 $ 4,119,988 Receivables from sales agents 2,360,807 2,677,774 Other 12,457,398 5,786,827 Total receivables 20,116,841 12,584,589 Allowance for doubtful accounts (1,800,725 ) (1,685,382 ) Net receivables $ 18,316,116 $ 10,899,207

Value of Business Acquired, Int

Value of Business Acquired, Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Value of Business Acquired, Intangible Assets and Goodwill	5) Value of Business Acquired, Intangible Assets and Goodwill Information with regard to value of business acquired was as follows: Schedule of Value of Business Acquired 2021 2020 December 31 2021 2020 Balance at beginning of year $ 8,955,249 $ 9,876,647 Value of business acquired 586,840 - Imputed interest at 7 613,028 670,565 Amortization included in earnings (1,728,157 ) (1,457,390 ) Shadow amortization included in other comprehensive income (5,528 ) (134,573 ) Net amortization (1,120,657 ) (921,398 ) Balance at end of year $ 8,421,432 $ 8,955,249 Presuming no additional acquisitions, net amortization charged to income is expected to approximate $ 1,059,000 972,000 893,000 810,000 753,000 5.9 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 5) Value of Business Acquired, Intangible Assets and Goodwill The carrying value of the Company’s intangible assets were as follows which is included in other assets: Schedule of Carrying Value of Intangible Asset December 31 Useful Life 2021 2020 Intangible asset - trade name (1) 15 years $ 2,100,000 $ - Intangible asset - customer lists 15 years 890,000 890,000 Intangible asset - trade name (2) 15 years 610,000 610,000 Intangible assets - other (1) 15 years 210,000 - Less accumulated amortization (297,333 ) (197,334 ) Balance at end of year $ 3,512,667 $ 1,302,666 (1) See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens (2) Kilpatrick Life Information regarding goodwill by segment was as follows: Schedule of Goodwill by Segment Life Insurance Cemetery/ Total Balance at January 1, 2020: Goodwill $ 2,765,570 $ 754,018 $ 3,519,588 Accumulated impairment - - - Total goodwill, net 2,765,570 754,018 3,519,588 Acquisition - - - Balance at December 31, 2020: Goodwill 2,765,570 754,018 3,519,588 Accumulated impairment - - - Total goodwill, net 2,765,570 754,018 3,519,588 Acquisition - 1,734,195 (1) 1,734,195 Balance at December 31, 2021: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 2,488,213 $ 5,253,783 (1) See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens and Holbrook Mortuary Goodwill 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, 2021 and 2020. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	6) Property and Equipment Property and equipment is summarized below: Schedule of Property, Plant and Equipment 2021 2020 December 31 2021 2020 Land and buildings $ 16,532,593 $ 11,972,802 Furniture and equipment 24,799,115 19,679,682 Property, Plant and Equipment, Gross 41,331,708 31,652,484 Less accumulated depreciation (19,814,110 ) (19,179,139 ) Total $ 21,517,598 $ 12,473,345 Depreciation expense for the years ended December 31, 2021 and 2020 was $ 1,935,613 2,078,738 3,640,755 532,074 1,723,000 0 1,516,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Bank and Other Loans Payable

Bank and Other Loans Payable	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Bank and Other Loans Payable	7) Bank and Other Loans Payable Bank and other loans payable are summarized as follows: Summary of Bank Loans Payable December 31 2021 2020 - 633,890 4.27 53,881 - 633,890 Prime rate note payable in monthly installments of $ 75,108 2,481,878 3,257,113 4.329 9,775 3,103,000 1,825,608 1,861,920 4.00 1 3 64,730,000 34,547,181 - 2.5 113,000 49,118,000 - 35,091,364 3.30 179,562 49,118,000 40,090,359 - 4.7865 17,301,000 9,200,000 9,200,000 1 month LIBOR rate plus 2.1 100,000,000 66,305,025 116,598,834 1 month LIBOR rate plus 2 100,000,000 50,555,909 68,766,572 1 month LIBOR rate plus 2.15 75,000,000 43,196,986 60,715,374 1 month LIBOR rate plus 2.0 100,000,000 1,764,386 - 1 month LIBOR rate plus 2.5 5,000,000 - 317,582 Other short-term borrowings (1) 1,250,000 1,250,000 Finance lease liabilities 62,767 104,951 Other loans payable 6,828 26,768 Total bank and other loans 251,286,927 297,824,368 Less current installments 164,747,672 284,250,996 Bank and other loans, excluding current installments $ 86,539,255 $ 13,573,372 (1) Revolving Line of Credit SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 7) Bank and Other Loans Payable 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, 2021, the amount available for borrowings from the FHLB of Des Moines was approximately $ 19,259,722 39,102,336 20,244,900 40,729,400 no 826,800 786,300 443,758 Federal Home Loan Bank of Dallas At December 31, 2021, the amount available for borrowings from the FHLB of Dallas was approximately $ 7,794,625 0 8,774,352 0 no 1,720,300 1,720,300 Revolving Lines of Credit The Company has a $ 2,000,000 December 31, 2022 941,711 no The Company also has a $ 2,500,000 2.25 December 31, 2022 1,250,000 Debt Covenants for Mortgage Warehouse Lines of Credit The Company, through its subsidiary SecurityNational Mortgage, has a $ 100,000,000 2.1 June 9, 2022 1.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 7) Bank and Other Loans Payable The Company, through its subsidiary SecurityNational Mortgage, has 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 2 August 9, 2022 1.00 The Company through its subsidiary SecurityNational Mortgage, has a line of credit with Comerica Bank. This agreement with the bank allows SecurityNational Mortgage to borrow up to $ 75,000,000 2.15 May 27, 2022 1.00 The Company through its subsidiary SecurityNational Mortgage, has a line of credit with U.S Bank. This agreement with the bank allows SecurityNational Mortgage to borrow up to $ 100,000,000 2.0 June 4, 2022 1.00 The agreements for 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, 2021, the Company was in compliance with all debt covenants. The following tabulation shows the combined maturities of bank and other loans payable: Schedule of Combined Maturities of Bank Loans Payable, Lines of Credit and Notes and Contracts Payable 2022 $ 164,747,672 2023 1,745,541 2024 36,333,278 2025 2,512,683 2026 735,981 Thereafter 45,211,772 Total $ 251,286,927 Interest expense in 2021 and 2020 was $ 7,127,516 8,578,810 7,290,867 8,385,270 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Cemetery Perpetual Care Trust I

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	12 Months Ended
	Dec. 31, 2021
Cemetery Perpetual Care Trust Investments And Obligation And Restricted Assets
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: Schedule of The Components of The Cemetery Perpetual Care Obligation 2021 2020 December 31 2021 2020 Cash and cash equivalents $ 1,059,519 $ 402,913 Fixed maturity securities, available for sale, at estimated fair value 784,765 747,767 Equity securities, at estimated fair value 3,302,480 2,062,303 Participating interests in residential construction mortgage loans held for investment with Security National Life 1,823,533 1,468,600 Real estate held for investment 865,424 1,731,584 Total cemetery perpetual care trust investments 7,835,721 6,413,167 Cemetery perpetual care obligation (4,915,285 ) (4,087,704 ) Trust investments in excess of trust obligations $ 2,920,436 $ 2,325,463 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets 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 maintain its medical benefit fund without change from the prior 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: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds 2021 2020 December 31 2021 2020 Cash and cash equivalents (1) $ 9,000,293 $ 8,842,744 Fixed maturity securities, available for sale, at estimated fair value 1,601,688 1,473,637 Equity securities, at estimated fair value 3,603,822 2,515,778 Participating interests in mortgage loans held for investment with Security National Life 2,732,319 3,317,877 Total $ 16,938,122 $ 16,150,036 (1) Including cash and cash equivalents of $ 7,869,295 852,499 4,000,000 See Notes 1 and 17 for additional information regarding restricted assets. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	9) Income Taxes The Company’s income tax liability is summarized as follows: Summary of Income Tax Liability 2021 2020 December 31 2021 2020 Current $ (1,558,687 ) $ 2,595,877 Deferred 32,594,783 22,662,923 Total $ 31,036,096 $ 25,258,800 Significant components of the Company’s deferred tax (assets) and liabilities are approximately as follows: Schedule of Deferred Tax Assets and Liabilities 2021 2020 December 31 2021 2020 Assets Future policy benefits $ (13,015,255 ) $ (12,657,045 ) Loan loss reserve (636,256 ) (5,352,942 ) Unearned premium (642,755 ) (699,011 ) Net operating loss (898,029 ) (334,085 ) Deferred compensation (2,750,406 ) (2,833,298 ) Deposit obligations (635,878 ) (610,041 ) Other (1,712,895 ) (1,269,533 ) Less: Valuation allowance 882,535 961,920 Total deferred tax assets (19,408,939 ) (22,794,035 ) Liabilities Deferred policy acquisition costs 17,166,200 16,430,001 Basis difference in property, equipment and real estate 9,247,242 5,312,787 Value of business acquired 1,768,501 1,880,602 Deferred gains 15,598,360 12,124,226 Trusts 1,064,387 1,064,387 Tax on unrealized appreciation 7,159,032 8,644,955 Total deferred tax liabilities 52,003,722 45,456,958 Net deferred tax liability $ 32,594,783 $ 22,662,923 The valuation allowance relates to differences between recorded deferred tax assets and liabilities and ultimate anticipated realization. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 9) Income Taxes The Company’s income tax expense is summarized as follows: Schedule of Components of Income Tax Expense (Benefit) 2021 2020 December 31 2021 2020 Current Federal $ 629,921 $ 10,678,612 State 343,428 2,320,233 Total Current Income Tax Expense (Benefit) 973,349 12,998,845 Deferred Federal 9,832,556 2,677,943 State 1,475,880 176,726 Total Deferred Income Tax Expense (Benefit) 11,308,436 2,854,669 Total $ 12,281,785 $ 15,853,514 The reconciliation of income tax expense at the U.S. federal statutory rates is as follows: Schedule of Effective Income Tax Rate Reconciliation 2021 2020 December 31 2021 2020 Computed expense at statutory rate $ 10,878,163 $ 15,004,527 State tax expense, net of federal tax benefit 1,437,255 1,972,598 Change in valuation allowance (79,385 ) (1,477,474 ) Other, net 45,752 353,863 Income tax expense $ 12,281,785 $ 15,853,514 The Company’s overall effective tax rate for the years ended December 31, 2021 and 2020 was 23.7 22.2 21 At December 31, 2021, the Company had no significant unrecognized tax benefits. As of December 31, 2021, 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 2018 through 2021 are subject to examination by taxing authorities. Net Operating Losses and Tax Credit Carryforwards: Summary of Operating Loss Carryforwards Year of Expiration 2022 $ - 2023 - 2024 - 2025 - 2026 - Thereafter up through 2037 1,237,784 Indefinite carryforwards 2,742,661 $ 3,980,445 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
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 $ 25,000 100,000 129,000,000 96,000,000 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, 2021 and 2020, the balances were $ 2,447,000 20,584,000 Mortgage Loan Loss Litigation Settlement Agreement and Mutual Release with Lehman Brothers Holdings Inc. From 2004 to early 2008, SecurityNational Mortgage Company (“SecurityNational Mortgage”), a wholly owned subsidiary of the Company, originated “limited documentation” or “reduced documentation” loans which were sold to certain affiliates of Lehman Brothers Holdings Inc. (“Lehman Holdings”). Certain of these loans became the subject of disputes between SecurityNational Mortgage and Lehman Holdings and certain Lehman Holdings affiliates. Lehman Holdings filed a Petition for Relief under Chapter 11 of the United States Bankruptcy Code in 2008. In May of 2011, SecurityNational Mortgage filed a complaint in U.S. District Court against certain Lehman Holdings affiliates. In June of 2011, Lehman Holdings filed a complaint in Federal District Court against SecurityNational Mortgage, both the complaint filed in May 2011 and that filed in June 2011 were later resolved. In 2016, certain other pending loan disputes between SecurityNational Mortgage and Lehman Holdings became the subject of an unsuccessful, non-binding alternate dispute resolution mediation proceeding. Thereafter, in 2016, Lehman Holdings filed an adversary proceeding complaint against approximately 150 mortgage loan originators, including SecurityNational Mortgage, in the U.S. Bankruptcy Court of the Southern District of New York, which included seeking damages relating to the alleged obligations of the defendants under indemnification provisions of 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. The complaint was later amended with the latest amended complaint filed against SecurityNational Mortgage on December 27, 2016, seeking damages to be determined at trial, including interest, attorneys’ fees and costs. This complaint involved approximately 135 mortgage loans, there being millions of dollars allegedly in dispute. These claims against SecurityNational Mortgage were asserted as a result of Lehman Holdings’ earlier settlements with the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Corporation (“Freddie Mac”). In 2018, Lehman Holdings filed a separate adversary proceeding complaint against SecurityNational Mortgage. This adversary proceeding allegedly involved approximately 577 mortgage loans relative to private securitization trusts (“RMBS Loans”) and millions of dollars in damages. Thereafter, Lehman Holdings made a filing that effectively reduced the number of RMBS Loans to 248. This proceeding was in addition to the above-referenced proceeding involving the Fannie Mae and Freddie Mac mortgage loans. As with the above-referenced proceeding, damages were sought including interest, costs, and attorneys’ fees. SecurityNational Mortgage, as well as other defendants, have been involved in written discovery, and production of documents relative to the cases, and the filing of motions. The deposition phase of the cases was yet to begin, as well as the later expert witness phase. Those phases would require substantial expenditures of legal fees and costs. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 10) Reinsurance, Commitments and Contingencies On February 1, 2021, SecurityNational Mortgage executed a settlement agreement with Lehman Holdings in relation to these two adversary proceedings wherein all mortgage loan related claims were resolved, thereby ending all liabilities asserted by Lehman Holdings and conclusively ending all proceedings between SecurityNational Mortgage and Lehman Holdings. The full amount of SecurityNational Mortgage’s settlement payment was accounted for in the Company’s loan loss reserve as of December 31, 2020 and was paid during the first quarter 2021. 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, 2021, the Company’s commitments were approximately $ 329,903,000 179,674,000 50 80 5.50 8.00 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Plans	11) Retirement Plans The Company and its subsidiaries had 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, 2021 and 2020. 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. As of the 4 th The Company has three 401(k) savings plans covering all eligible employees 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 $ 19,500 19,500 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. 2,820,315 1,690,568 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 2021 and 2020. Effective December 4, 2018, the Board members approved a motion to extend the Chief Executive Officer’s employment agreement, dated December 4, 2012, for an additional four-year term ending December 2022. In the event of disability, the Chief Executive Officer’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 the Chief Executive Officer is not retained in his current position, the Company would be obligated to continue paying the Chief Executive Officer’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that the Chief Executive Officer 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. 900,000 900,000 7,556,363 6,656,363 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 11) Retirement Plans 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 267,685 133,843 133,843 535,370 669,212

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Capital Stock	12) Capital Stock The Company has one class of preferred stock of $ 1.00 5,000,000 no 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. Stockholders of both Class A and Class C common stock have received 5% stock dividends in the years 1990 through 2019, a 7.5% stock dividend in the year 2020, and a 5% stock dividend in the year 2021, as authorized by the Company’s Board of Directors. The Company has Class B common stock of $ 1.00 5,000,000 no The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock Class A Class C Outstanding shares at December 31, 2019 16,107,779 2,500,887 Exercise of stock options 68,970 130,820 Stock dividends 405,210 61,720 Conversion of Class C to Class A 13,824 (13,824 ) Outstanding shares at December 31, 2020 16,595,783 2,679,603 Exercise of stock options 160,282 104,656 Stock dividends 837,410 131,553 Conversion of Class C to Class A 49,247 (49,247 ) Outstanding shares at December 31, 2021 17,642,722 2,866,565 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 12) Capital Stock 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: Schedule of Earnings Per Share, Basic and Diluted 2021 2020 Years Ended December 31 2021 2020 Numerator: Net earnings $ 39,518,990 $ 55,596,613 Denominator: Denominator for basic earnings per share-weighted-average shares 20,154,878 19,788,984 Effect of dilutive securities Employee stock options 774,206 465,423 Dilutive potential common shares 774,206 465,423 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 20,929,084 20,254,407 Basic earnings per share $ 1.96 $ 2.81 Diluted earnings per share $ 1.89 $ 2.74 For the years ended December 31, 2021 and 2020, there were 50,000 0 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
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 $ 118,384 358,878 875,735 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. Schedule of Assumptions Used Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield (1) Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 3, 2021 All Plans $ 2.99 5 % $ 8.62 36.50 % 1.15 % 5.31 March 27, 2020 All Plans $ 0.65 5 % $ 3.76 32.29 % 1.64 % 4.82 (1) Stock dividend SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 13) Stock Compensation Plans Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2020 1,086,053 $ 4.20 594,132 $ 5.10 Adjustment for the effect of stock dividends 27,968 19,354 Granted 77,000 180,000 Exercised (116,487 ) (130,820 ) Cancelled (1,671 ) - Outstanding at December 31, 2020 1,072,863 $ 4.12 662,666 $ 4.50 Adjustment for the effect of stock dividends 47,594 33,136 Granted 89,500 230,000 Exercised (183,935 ) (104,656 ) Cancelled (1,671 ) - Outstanding at December 31, 2021 1,024,351 $ 4.61 821,146 $ 5.48 Exercisable at end of year 934,851 $ 4.23 591,146 $ 4.26 Available options for future grant 232,376 16,689 Weighted average contractual term of options outstanding at December 31, 2021 4.54 7.24 Weighted average contractual term of options exercisable at December 31, 2021 4.03 6.62 Aggregated intrinsic value of options outstanding at December 31, 2021 (1) $ 4,700,708 $ 3,009,168 Aggregated intrinsic value of options exercisable at December 31, 2021 (1) $ 4,648,798 $ 2,918,768 (1) The Company used a stock price of $ 9.20 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, 2021 and 2020 was $ 1,153,417 663,901 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Statutory Financial Information

Statutory Financial Information and Dividend Limitations	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
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. The states in which the Company’s life insurance subsidiaries are domiciled require the preparation of 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: Schedule of Statutory Accounting Practices Statutory Net Income Statutory Capital and Surplus Years Ended December 31 December 31 2021 2020 2021 2020 Amounts by insurance subsidiary: Security National Life Insurance Company $ 5,552,116 $ 6,054,764 $ 57,424,808 $ 53,089,185 Kilpatrick Life Insurance Company 1,312,718 1,574,128 15,566,231 15,177,996 First Guaranty Insurance Company 624,550 790,221 7,734,357 7,045,644 Memorial Insurance Company of America 37 55 - 1,088,034 Southern Security Life Insurance Company, Inc. 275 183 1,578,225 1,581,647 Trans-Western Life Insurance Company (2,089 ) (1,527 ) 508,547 510,636 Total $ 7,487,607 $ 8,417,824 $ 82,812,168 $ 78,493,142 The Utah, 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, 2021. 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 14) Statutory Financial Information and Dividend Limitations Under the Utah Insurance Code, Security National Life Insurance Company is permitted to pay stockholder dividends, or otherwise make distributions, to the Company subject to certain limitations. Security National Life Insurance Company must ensure that its surplus held for policyholders is reasonable in relation to its outstanding liabilities and adequate to its financial needs after payment of any such dividend or distribution. Furthermore, where any dividend or distribution, together with all other dividends and distributions made within the preceding 12 months, exceeds the lesser of (i) 10% of its surplus held for policyholders as of the next preceding December 31; or (ii) its net gain from operations, not including realized capital gains, for the 12-month period ending the next preceding December 31, such dividend or distribution constitutes “extraordinary” under Utah law and Security National Life Insurance Company would be required to file notice of its intention to declare such a dividend or make such a distribution with the Utah Commissioner and the Utah Commissioner must either approve the distribution or dividend or not disapprove the dividend or distribution within 30 days’ of the notice filing. Based on Security National Life Insurance Company’s surplus held for policyholders and net gain from operations as of December 31, 2021, the maximum aggregate amount of dividends and distributions that it could pay or make in 2022 and which would not constitute an “extraordinary” dividend or distribution under Utah law, and would therefore not require notice and approval or lack of disproval from the Utah Commissioner, would be approximately $ 5,054,000 Under the Louisiana Insurance Code, First Guaranty Insurance Company and Kilpatrick Life Insurance Company are permitted to pay stockholder dividends, or otherwise make distributions, to the Company subject to certain limitations. First Guaranty Insurance Company and Kilpatrick Life Insurance Company must ensure that its surplus held for policyholders is reasonable in relation to its outstanding liabilities and adequate to its financial needs after payment of any such dividend or distribution. Furthermore, where any dividend or distribution, together with all other dividends and distributions made within the preceding 12 months, exceeds the lesser of (i) 10% of its surplus held for policyholders as of the next preceding December 31; or (ii) its net gain from operations, not including realized capital gains, for the 12-month period ending the next preceding December 31, such dividend or distribution constitutes “extraordinary” under Louisiana law and First Guaranty Insurance Company and Kilpatrick Life Insurance Company would be required to file notice of its intention to declare such a dividend or make such a distribution with the Louisiana Commissioner and the Louisiana Commissioner must either approve the distribution or dividend or not disapprove the dividend or distribution within 30 days’ of the notice filing. Based on First Guaranty Insurance Company’s and Kilpatrick Life Insurance Company’s surplus held for policyholders and net gain from operations as of December 31, 2021, the maximum aggregate amount of dividends and distributions that it could pay or make in 2022 and which would not constitute an “extraordinary” dividend or distribution under Louisiana law, and would therefore not require notice and approval or lack of disproval from the Louisiana Commissioner, would be approximately $ 605,000 950,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 15) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Year Ended December 31, 2021 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 100,254,573 $ 23,997,313 $ 263,418,230 - $ 387,670,116 Net investment income 56,091,725 1,653,940 519,018 - 58,264,683 Gains on investments and other assets 4,554,528 1,511,965 198,641 - 6,265,134 Other than temporary impairments (39,502 ) - - - (39,502 ) Other revenues 2,152,531 100,255 16,282,325 - 18,535,111 Intersegment revenues: Net investment income 7,569,875 314,001 599,115 (8,482,991 ) - Total revenues 170,583,730 27,577,474 281,017,329 (8,482,991 ) 470,695,542 Expenses: Death, surrenders and other policy benefits 67,218,455 - - - 67,218,455 Increase in future policy benefits 26,263,312 - - - 26,263,312 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 15,611,374 531,596 - - 16,142,970 Selling, general and administrative expenses: Commissions 3,514,498 1,917,899 112,854,072 - 118,286,469 Personnel 25,009,096 6,850,617 68,880,448 - 100,740,161 Advertising 1,160,640 570,924 4,894,854 - 6,626,418 Rent and rent related 733,726 109,318 6,399,243 - 7,242,287 Depreciation on property and equipment 806,543 479,005 650,065 - 1,935,613 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 10,541,570 - 10,541,570 Intersegment 497,113 113,062 671,107 (1,281,282 ) - Other 12,075,374 5,224,178 35,766,430 - 53,065,982 Interest expense: Intersegment 392,003 97,195 6,712,511 (7,201,709 ) - Other 2,328,868 54,620 4,744,028 - 7,127,516 Costs of goods and services sold-mortuaries and cemeteries - 3,704,014 - - 3,704,014 Total benefits and expenses 155,611,002 19,652,428 252,114,328 (8,482,991 ) 418,894,767 Earnings before income taxes $ 14,972,728 $ 7,925,046 $ 28,903,001 $ - $ 51,800,775 Income tax benefit (expense) (2,943,715 ) (1,975,787 ) (7,362,283 ) - (12,281,785 ) Net earnings $ 12,029,013 $ 5,949,259 $ 21,540,718 $ - $ 39,518,990 Identifiable assets $ 1,236,406,557 $ 73,432,116 $ 328,600,841 $ (96,099,992 ) $ 1,542,339,522 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 15) Business Segment Information Year Ended December 31, 2020 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 93,020,617 $ 20,307,435 $ 298,933,110 $ - $ 412,261,162 Net investment income 54,811,486 807,695 710,622 - 56,329,803 Gains on investments and other assets 2,088,541 (162,652 ) (39 ) - 1,925,850 Other than temporary impairments (370,975 ) - - - (370,975 ) Other revenues 1,491,585 94,349 9,731,548 - 11,317,482 Intersegment revenues: Net investment income 8,022,503 351,505 716,240 (9,090,248 ) - Total revenues 159,063,757 21,398,332 310,091,481 (9,090,248 ) 481,463,322 Expenses: Death, surrenders and other policy benefits 62,841,360 - - - 62,841,360 Increase in future policy benefits 23,568,650 - - - 23,568,650 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 13,618,204 689,221 - - 14,307,425 Selling, general and administrative expenses: Commissions 4,149,241 1,506,320 118,770,736 - 124,426,297 Personnel 25,449,100 5,669,367 53,871,504 - 84,989,971 Advertising 614,114 391,836 4,374,946 - 5,380,896 Rent and rent related 861,602 89,253 5,922,706 - 6,873,561 Depreciation on property and equipment 843,335 488,570 746,833 - 2,078,738 Provision for loan loss reserve - - 16,506,030 - 16,506,030 Cost related to funding mortgage loans - - 9,877,700 - 9,877,700 Intersegment 621,161 142,999 580,976 (1,345,136 ) - Other 11,808,818 4,417,805 31,104,479 - 47,331,102 Interest expense: Intersegment 410,024 152,175 7,182,913 (7,745,112 ) - Other 2,354,760 198,968 6,025,082 - 8,578,810 Costs of goods and services sold-mortuaries and cemeteries - 3,252,655 - - 3,252,655 Total benefits and expenses 147,140,369 16,999,169 254,963,905 (9,090,248 ) 410,013,195 Earnings before income taxes $ 11,923,388 $ 4,399,163 $ 55,127,576 $ - $ 71,450,127 Income tax benefit (expense) (1,433,901 ) (1,009,137 ) (13,410,476 ) - (15,853,514 ) Net earnings $ 10,489,487 $ 3,390,026 $ 41,717,100 $ - $ 55,596,613 Identifiable assets $ 1,171,158,235 $ 56,335,498 $ 408,325,196 $ (90,398,039 ) $ 1,545,420,890 Goodwill $ 2,765,570 $ 754,018 $ - $ - $ 3,519,588 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
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, 2021.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) Restricted Assets Cemetery Perpetual Care Trust Investments 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: Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. Impaired Mortgage Loans Held for Investment 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 comparable properties and property condition when determining fair value. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2021. 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 $ 259,287,603 $ - $ 257,264,255 $ 2,023,348 Equity securities 11,596,414 11,596,414 - - Loans held for sale 302,776,827 - - 302,776,827 Restricted assets (1) 1,601,688 - 1,601,688 - Restricted assets (2) 3,603,822 3,603,822 - - Cemetery perpetual care trust investments (1) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) 3,302,480 3,302,480 - - Derivatives - loan commitments (3) 8,563,410 - - 8,563,410 Total assets accounted for at fair value on a recurring basis $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (50,936 ) $ (50,936 ) $ - $ - Derivatives - put options (4) (4,493 ) (4,493 ) - - Derivatives - loan commitments (4) (1,547,895 ) - - (1,547,895 ) Total liabilities accounted for at fair value on a recurring basis $ (1,603,324 ) $ (55,429 ) $ - $ (1,547,895 ) (1) Fixed maturity securities available for sale (2) 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2020. 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 $ 294,656,679 $ - $ 292,455,504 $ 2,201,175 Equity securities 11,324,239 11,324,239 - - Loans held for sale 422,772,418 - - 422,772,418 Restricted assets (1) 1,473,637 - 1,473,637 - Restricted assets (2) 2,515,778 2,515,778 - - Cemetery perpetual care trust investments (1) 747,767 - 747,767 - Cemetery perpetual care trust investments (2) 2,062,303 2,062,303 - - Derivatives - loan commitments (3) 12,592,672 - - 12,592,672 Total assets accounted for at fair value on a recurring basis $ 748,145,493 $ 15,902,320 $ 294,676,908 $ 437,566,265 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (43,097 ) $ (43,097 ) $ - $ - Derivatives - loan commitments (4) (2,464,062 ) - - (2,464,062 ) Total liabilities accounted for at fair value on a recurring basis $ (2,507,159 ) $ (43,097 ) $ - $ (2,464,062 ) (1) Fixed maturity securities available for sale (2) 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, 2021, the significant unobservable inputs used in the fair value measurements were as follows: Assets and Liabilities Measured at Fair Value on A Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2021 Technique Input(s) Value Value Average Loans held for sale $ 302,776,827 Market approach Investor contract pricing as a percentage of unpaid principal balance 95.0 % 109.0 % 103.0 % Derivatives - loan commitments (net) 7,015,515 Market approach Pull-through rate 66.0 % 95.0 % 81.0 % Initial-Value N/A N/A N/A Servicing 0 bps 148 bps 61 bps Fixed maturity securities available for sale 2,023,348 Broker quotes Pricing quotes $ 96.87 $ 111.11 $ 106.73 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2020, 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 12/31/2020 Technique Input(s) Value Value Average Loans held for sale $ 422,772,418 Market approach Investor contract pricing as a percentage of unpaid principal balance 99.0 % 110.0 % 104.0 % Derivatives - loan commitments (net) 10,128,610 Market approach Pull-through rate 52.0 % 92.0 % 81.0 % Initial-Value N/A N/A N/A Servicing 0 bps 184 bps 58 bps Fixed maturity securities available for sale 2,201,175 Broker quotes Pricing quotes $ 90.83 $ 119.33 $ 113.47 Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: 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, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 Originations/purchases - 5,611,189,587 - Sales, maturities and paydowns - (5,900,076,766 ) (45,700 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings (3,113,095 )(1) 169,093,539 (1) 3,674 (2) Included in other comprehensive income - - (135,801 ) Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings 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, 2019 $ 2,491,233 $ 213,457,632 $ 3,216,382 Originations/purchases - 5,627,013,749 - Sales, maturities and paydowns - (5,600,045,285 ) (1,042,400 ) Transfer to mortgage loans held for investment - (16,960,549 ) - Total gains (losses): Included in earnings 7,637,377 (1) 199,306,871 (1) 3,408 (2) Included in other comprehensive income - - 23,785 Balance - December 31, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2021. Schedule of 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 $ 851,903 $ - $ - $ 851,903 Impaired real estate held for sale 2,000,000 - - 2,000,000 Total assets accounted for at fair value on a nonrecurring basis $ 2,851,903 $ - $ - $ 2,851,903 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, 2020. 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 $ 1,297,356 $ - $ - $ 1,297,356 Impaired real estate held for sale 4,249,000 - - 4,249,000 Total assets accounted for at fair value on a nonrecurring basis $ 5,546,356 $ - $ - $ 5,546,356 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2021 and 2020. 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, 2021: 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 $ 51,396,172 $ - $ - $ 55,159,167 $ 55,159,167 Residential construction 174,691,408 - - 174,691,408 174,691,408 Commercial 51,218,466 - - 51,008,709 51,008,709 Mortgage loans held for investment, net $ 277,306,046 $ - $ - $ 280,859,284 $ 280,859,284 Policy loans 13,478,214 - - 13,478,214 13,478,214 Insurance assignments, net (1) 46,946,590 - - 46,946,590 46,946,590 Restricted assets (2) 2,732,320 - - 2,732,320 2,732,320 Cemetery perpetual care trust investments (2) 1,823,533 - - 1,823,533 1,823,533 Mortgage servicing rights, net 53,060,455 - - 68,811,809 68,811,809 Liabilities Bank and other loans payable $ (251,286,927 ) $ - $ - $ (251,286,927 ) $ (251,286,927 ) Policyholder account balances (3) (42,939,055 ) - - (35,855,934 ) (35,855,934 ) Future policy benefits - annuities (3) (107,992,830 ) - - (116,215,717 ) (116,215,717 ) (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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2020: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 92,757,613 $ - $ - $ 100,384,283 $ 100,384,283 Residential construction 110,849,864 - - 110,849,864 110,849,864 Commercial 45,736,459 - - 45,259,425 45,259,425 Mortgage loans held for investment, net $ 249,343,936 $ - $ - $ 256,493,572 $ 256,493,572 Policy loans 14,171,589 - - 14,171,589 14,171,589 Insurance assignments, net (1) 51,585,656 - - 51,585,656 51,585,656 Restricted assets (2) 3,317,877 - - 3,317,877 3,317,877 Cemetery perpetual care trust investments (2) 1,468,600 - - 1,468,600 1,468,600 Mortgage servicing rights, net 35,210,516 - - 38,702,358 38,702,358 Liabilities Bank and other loans payable $ (297,824,368 ) $ - $ - $ (297,824,368 ) $ (297,824,368 ) Policyholder account balances (3) (44,026,809 ) - - (42,220,725 ) (42,220,725 ) Future policy benefits - annuities (3) (106,522,113 ) - - (112,354,186 ) (112,354,186 ) (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 methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of financial instruments are summarized as follows: 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 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 payments and discounting them using current interest rates for commercial mortgages. Policy Loans Insurance Assignments, Net SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income	18) Accumulated Other Comprehensive Income The following summarizes the changes in accumulated other comprehensive income: Schedule of Changes in accumulated other comprehensive income 2021 2020 December 31 2021 2020 Unrealized gains on fixed maturity securities available for sale $ (7,323,241 ) $ 12,016,464 Amounts reclassified into net earnings 805,510 (2,772 ) Net unrealized gains before taxes (6,517,731 ) 12,013,692 Tax expense 1,368,721 (2,522,876 ) Net (5,149,010 ) 9,490,816 Unrealized gains on restricted assets (1) (23,250 ) 41,225 Tax expense 5,792 (10,269 ) Net (17,458 ) 30,956 Unrealized gains on cemetery perpetual care trust investments (1) (11,114 ) (6,817 ) Tax expense 2,769 1,698 Net (8,345 ) (5,119 ) Unrealized gains for foreign currency translations adjustments 2,835 (46 ) Tax expense (707 ) 12 Net 2,128 (34 ) Other comprehensive income changes $ (5,172,685 ) $ 9,516,619 (1) Fixed maturity securities available for sale SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 18) Accumulated Other Comprehensive Income (Continued) The following is the accumulated balances of other comprehensive income as of December 31, 2021: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2020 Change for the period Ending Balance December 31, 2021 Unrealized gains (losses) on fixed maturity securities available for sale $ 23,170,275 $ (5,149,010 ) $ 18,021,265 Unrealized gains (losses) on restricted assets (1) 57,650 (17,458 ) 40,192 Unrealized gains (losses) on cemetery perpetual 17,336 (8,345 ) 8,991 Foreign currency translation adjustments (2,128 ) 2,128 - Other comprehensive income $ 23,243,133 $ (5,172,685 ) $ 18,070,448 (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income as of December 31, 2020: Beginning Balance December 31, 2019 Change for the period Ending Balance December 31, 2020 Unrealized gains on fixed maturity securities available for sale $ 13,679,459 $ 9,490,816 $ 23,170,275 Unrealized gains on restricted assets (1) 26,694 30,956 57,650 Unrealized gains (losses) on cemetery perpetual 22,455 (5,119 ) 17,336 Foreign currency translation adjustments (2,094 ) (34 ) (2,128 ) Other comprehensive income $ 13,726,514 $ 9,516,619 $ 23,243,133 (1) Fixed maturity securities available for sale SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	19) Derivative Instruments The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value December 31, 2021 December 31, 2020 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 $ 862,568,967 $ 8,563,410 $ 1,547,895 $ 659,245,038 $ 12,592,672 $ 2,464,062 Call options Other liabilities 982,500 — 50,936 1,873,200 — 43,097 Put options Other liabilities 362,900 — 4,493 — — — Total $ 863,914,367 $ 8,563,410 $ 1,603,324 $ 661,118,238 $ 12,592,672 $ 2,507,159 The following table presents the gains (losses) on derivatives. 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. Schedule of Gains and Losses on Derivatives Years ended December 31 Derivative Classification 2021 2020 Loan commitments Mortgage fee income $ (3,113,095 ) $ 7,637,377 Call and put options Gains on investments and other assets $ 160,410 $ 272,758 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	20) Acquisitions Rivera Funerals, Cremations and Memorial Gardens On December 21, 2021, the Company, through its wholly-owned subsidiary, Memorial Estates Inc., completed a business combination transaction with Rivera Funerals, Cremations and Memorial Gardens. The mortuaries and cemetery are located in New Mexico. Under the terms of the transaction, as set forth in the Asset Purchase Agreement, dated December 21, 2021, Memorial Estates Inc. paid a net purchase price of $ 10,693,395 1,120,000 70,000 1,050,000 105,000 The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition were as follows: Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed Restricted assets (1) $ 618,006 Property and equipment (2) 6,255,836 Cemetery land and improvements 658,280 Goodwill 1,338,763 Other (3) 2,440,516 Total assets acquired 11,311,401 Cemetery perpetual care obligation (618,006 ) Other liabilities - holdback (1,120,000 ) Total liabilities assumed (1,738,006 ) Fair value of net assets acquired/consideration paid $ 9,573,395 (1) Includes $ 39,000 579,006 (2) At estimated fair value which is a Level 3 asset in the fair value hierarchy (3) Including $ 2,310,000 Rivera Funerals, Cremations and Memorial Gardens revenues and net earnings since the date of acquisition for the year ended December 31, 2021 were $ 137,386 14,892 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 20) Acquisitions (Continued) Holbrook Mortuary On December 28, 2021, the Company, through its wholly-owned subsidiary, Memorial Mortuary Inc., completed a business combination transaction with Holbrook Mortuary located in Salt Lake City, Utah. Under the terms of the transaction, as set forth in the Asset Purchase Agreement, dated December 28, 2021, Memorial Mortuary Inc. paid a net purchase price of $ 3,051,747 The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition were as follows: Estimated Fair Values of Assets Acquired and Liabilities Assumed Property and equipment (1) $ 2,641,210 Goodwill 395,432 Other 15,105 Total assets acquired 3,051,747 Fair value of net assets acquired/consideration paid $ 3,051,747 (1) At estimated fair value which is a Level 3 asset in the fair value hierarchy Holbrook Mortuary’s revenues and net loss since the date of acquisition for the year ended December 31, 2021 were $- 0 (98,531) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
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. Schedule of Mortgage Servicing Rights 2021 2020 December 31 2021 2020 Amortized cost: Balance before valuation allowance at beginning of year $ 35,210,516 $ 17,155,529 MSR additions resulting from loan sales 32,701,819 29,896,465 Amortization (1) (14,851,880 ) (11,841,478 ) Application of valuation allowance to write down MSRs - - Balance before valuation allowance at year end $ 53,060,455 $ 35,210,516 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at year end $ - $ - Mortgage servicing rights, net $ 53,060,455 $ 35,210,516 Estimated fair value of MSRs at year end $ 68,811,809 $ 38,702,358 (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, 2021 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. Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2022 $ 7,341,097 2023 6,020,240 2024 5,263,053 2025 4,583,231 2026 4,008,838 Thereafter 25,843,996 Total $ 53,060,455 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 21) Mortgage Servicing Rights (Continued) The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the consolidated statements of earnings. Schedule of Other Revenues Years Ended December 31 2021 2020 Contractual servicing fees $ 15,471,307 $ 8,940,612 Late fees 321,337 305,962 Total $ 15,792,644 $ 9,246,574 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio December 31 2021 2020 Servicing UPB $ 7,060,536,350 $ 5,070,287,864 The following key assumptions were used in determining MSR value. Assumptions Used in Determining MSR Value Prepayment Speeds Average Life(Years) Discount Rate December 31, 2021 11.60 6.64 9.50 December 31, 2020 15.60 5.30 9.50 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Future Policy Benefits and Unpa

Future Policy Benefits and Unpaid Claims	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
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. Schedule of Liability for Future Policy Benefits, by Product Segment December 31 2021 2020 Life $ 698,366,477 $ 674,230,463 Annuities 107,992,830 109,522,112 Policyholder account balances 42,939,055 44,026,809 Accident and health 629,302 651,140 Other policyholder funds 4,352,217 4,354,746 Reported but unpaid claims 4,887,934 8,689,723 Incurred but not reported claims 4,106,878 3,315,094 Gross future policy benefits and unpaid claims $ 863,274,693 $ 844,790,087 Receivable from reinsurers Life 10,482,428 10,841,567 Annuities 4,082,877 4,047,301 Accident and health 88,474 90,231 Reported but unpaid claims 177,829 571,057 Incurred but not reported claims 19,000 19,000 Total receivable from reinsurers 14,850,608 15,569,156 Net future policy benefits and unpaid claims $ 848,424,085 $ 829,220,931 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Revenues from Contracts with Cu

Revenues from Contracts with Customers	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
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, 2021 and 2020, the balances were $ 14,508,022 13,080,179 The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue 13,722,348 12,545,753 At-need Specialty Merchandise Revenue 785,674 534,426 Deferred Pre-need Land Revenue 10 0 0 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 23) Revenues from Contracts with Customers (Continued) The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2021) $ 4,119,988 $ - $ 13,080,179 Closing (12/31/2021) 5,298,636 - 14,508,022 Increase/(decrease) 1,178,648 - 1,427,843 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2020) $ 2,778,879 $ - $ 12,607,978 Closing (12/31/2020) 4,119,988 - 13,080,179 Increase/(decrease) 1,341,109 - 472,201 (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. Schedule of Opening and Closing Balances of the Assets and Liabilities Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,545,753 At-need specialty merchandise - 534,426 Pre-need land sales - - Opening (1/1/2021) $ - $ 13,080,179 Pre-need merchandise and services $ - $ 13,722,348 At-need specialty merchandise - 785,674 Pre-need land sales - - Closing (12/31/2021) $ - $ 14,508,022 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,325,437 At-need specialty merchandise - 282,541 Pre-need land sales - - Opening (1/1/2020) $ - $ 12,607,978 Pre-need merchandise and services $ - $ 12,545,753 At-need specialty merchandise - 534,426 Pre-need land sales - - Closing (12/31/2020) $ - $ 13,080,179 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 23) Revenues from Contracts with Customers (Continued) The amount of revenue recognized for the years ended December 31, 2021 and 2020 that was included in the opening contract liability balance was $ 4,528,646 4,359,709 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. Revenues of the Cemetery and Mortuary Contracts Years Ended December 31 2021 2020 Major goods/service lines At-need $ 16,220,541 $ 15,212,822 Pre-need 7,776,772 5,094,613 $ 23,997,313 $ 20,307,435 Timing of Revenue Recognition Goods transferred at a point in time $ 16,793,439 $ 13,438,592 Services transferred at a point in time 7,203,874 6,868,843 $ 23,997,313 $ 20,307,435 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 23) Revenues from Contracts with Customers (Continued) 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. Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information 2021 2020 Years Ended December 31 2021 2020 Pre-need merchandise and services $ 3,688,579 $ 3,601,638 At-need specialty merchandise 29,688 5,302 Pre-need land sales - - Deferred policy and pre-need contract acquisition costs $ 3,718,267 $ 3,606,940

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases
Leases	24) Leases 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, 2021. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 24) Leases 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. Schedule of Lease Cost Recognized in Earnings 2021 2020 Years Ended December 31 2021 2020 Lease Cost Finance lease cost: Amortization of right-of-use assets (1) $ 41,925 $ 58,576 Interest on lease liabilities (2) 4,713 7,341 Operating lease cost (3) 4,896,315 5,408,737 Short-term lease cost (3)(4) 167,551 222,311 Sublease income (3) (275,038 ) (394,758 ) Total lease cost $ 4,835,466 $ 5,302,207 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,697,819 $ 5,293,901 Operating cash flows from finance leases 4,713 7,341 Financing cash flows from finance leases 42,184 56,982 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 5,216,048 $ 5,631,193 Finance leases - 8,494 Weighted-average remaining lease term (in years) Finance leases 2.07 2.74 Operating leases 6.04 5.40 Weighted-average discount rate Finance leases 5.74 % 5.59 % Operating leases 4.14 % 4.87 % (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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 24) Leases The following table presents the maturity analysis of the Company’s lease liabilities. Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases Finance Leases Operating Leases Lease payments due in: 2022 $ 34,458 $ 4,109,174 2023 27,220 3,340,343 2024 4,354 2,707,152 2025 692 1,809,667 2026 - 1,414,296 Thereafter - 2,449,017 Total undiscounted lease payments 66,724 15,829,649 Less: Discount on cash flows (3,957 ) (2,889,958 ) Present value of lease liabilities $ 62,767 $ 12,939,691 The following table presents the Company’s right-of-use assets and lease liabilities. Schedule of Right-of-Use Assets and Lease Liabilities Year Ended December 31 Balance Sheet Location 2021 2020 Operating Leases Right-of-use assets Other assets $ 12,483,638 $ 11,663,245 Lease liabilities Other liabilities and accrued expenses $ 12,939,691 $ 11,921,884 Finance Leases Right-of-use assets $ 235,867 $ 254,276 Accumulated amortization (177,660 ) (154,144 ) Right-of-use assets, net Property and equipment, net $ 58,207 $ 100,132 Lease liabilities Bank and other loans payable $ 62,767 $ 104,951 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.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
General Overview of Business	General Overview of Business Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three reportable 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 states located in western, mid-western and southern regions of the United States. The cemetery and mortuary segment of the Company consists of eleven mortuaries and five cemeteries in Utah, one cemetery in California, and four mortuaries and one cemetery in New Mexico. 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	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	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	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	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 Equity securities SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies Mortgage loans held for investment Real estate held for investment Real estate held for sale Other investments and policy loans Accrued investment income Gains and losses on investments (except for equity securities carried at fair value through net earnings)
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.
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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting 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: ● Failure to deliver original documents specified by the investor, ● The existence of misrepresentation or fraud in the origination of the loan, ● The loan becomes delinquent due to nonpayment during the first several months after it is sold, ● Early pay-off of a loan, as defined by the agreements, ● Excessive time to settle a loan, ● Investor declines purchase, and ● Discontinued product and expired commitment. 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 Fair Value	Determining 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 and may contain significant unobservable inputs, 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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	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 six months of origination 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 as a component of provision for loan loss reserve. 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 further 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting 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 include 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 funded 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 Perpetual Care Trust Investments Cemetery endowment care trusts have been set up for five of the seven cemeteries owned by the Company. 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	Cemetery Land and Improvements The development of a cemetery involves not only the initial acquisition of raw land but also 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	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 (“VOBA”) is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies
Premium Deficiency and Loss Recognition Testing	Premium Deficiency and Loss Recognition Testing At least annually, the Company tests the adequacy of the net benefit reserves (liability for future policy benefits, net of DAC and VOBA) recorded for life insurance and annuity products. The Company tests for recoverability by using the Company’s current best-estimate assumptions as to policyholder mortality, persistency, maintenance expenses and invested asset returns. These tests evaluate whether the present value of future contract-related cash flows will support the capitalized DAC and VOBA assets. These cash flows consist primarily of premium income, less benefits and expenses. If the current contract liabilities plus the present value of future premiums is greater than the sum of the present values of future policy benefits, commissions, and expenses plus the current DAC and VOBA less unearned premium reserve balances, then the capitalized assets are deemed recoverable. The present values are calculated using the best estimate of the after tax net investment earned rate.
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 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 15 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 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 forty years SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting 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.
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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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 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	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. As a practical expedient, 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: SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies Commercial Residential Residential construction (including land acquisition and development)
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 10 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 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 Insurance Participating business constituted 2 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting 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.
Reinsurance	Reinsurance The Company follows the procedure of reinsuring risks in excess of $ 100,000 The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100 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 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 performance obligations remaining. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting Policies 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	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	Other Intangibles 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 engages a third-party valuation firm to analyze the value of the intangible assets that result from significant acquisitions. The value of the intangible assets that result from these acquisitions are included in Other Assets and are determined using the income approach, relying on a relief from the royalty method.
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 income tax expense.
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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 1) Significant Accounting 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.
Concentration of Credit Risk	Concentration of Credit Risk For a description of the concentration risk regarding available for sale debt securities, mortgage loans held for investment and real estate held for investment, refer to Note 2 of the Notes to Consolidated Financial Statements.
Advertising	Advertising The Company expenses advertising costs as incurred.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Issued But Not Yet Adopted ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of December 31, 2021 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2021: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 22,307,736 $ 578,567 $ - $ 22,886,303 Obligations of states and political subdivisions 4,649,917 212,803 (1,989 ) 4,860,731 Corporate securities including public utilities 174,711,061 21,791,370 (353,668 ) 196,148,763 Mortgage-backed securities 34,365,382 905,159 (161,332 ) 35,109,209 Redeemable preferred stock 269,214 13,383 - 282,597 Total fixed maturity securities available for sale $ 236,303,310 $ 23,501,282 $ (516,989 ) $ 259,287,603 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,275,772 $ 3,626,444 $ (305,802 ) $ 11,596,414 Total equity securities at estimated fair value $ 8,275,772 $ 3,626,444 $ (305,802 ) $ 11,596,414 Mortgage loans held for investment at amortized cost: Residential $ 53,533,712 Residential construction 175,117,783 Commercial 51,683,022 Less: Unamortized deferred loan fees, net (918,586 ) Less: Allowance for loan losses (1,699,902 ) Less: Net discounts (409,983 ) Total mortgage loans held for investment $ 277,306,046 Real estate held for investment - net of accumulated depreciation: Residential $ 41,972,462 Commercial 155,393,335 Total real estate held for investment $ 197,365,797 Real estate held for sale: Residential $ 1,190,602 Commercial 2,540,698 Total real estate held for sale $ 3,731,300 Other investments and policy loans at amortized cost: Policy loans $ 13,478,214 Insurance assignments 48,632,808 Federal Home Loan Bank stock (1) 2,547,100 Other investments 4,983,251 Less: Allowance for doubtful accounts (1,686,218 ) Total policy loans and other investments $ 67,955,155 Accrued investment income $ 6,313,012 Total investments $ 823,555,327 (1) Includes $ 905,700 1,641,400 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company’s investments as of December 31, 2020 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2020: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 42,381,805 $ 1,358,562 $ - $ 43,740,367 Obligations of states and political subdivisions 5,383,762 312,214 (1,261 ) 5,694,715 Corporate securities including public utilities 186,067,912 27,216,496 (681,478 ) 212,602,930 Mortgage-backed securities 31,047,791 1,565,377 (267,106 ) 32,346,062 Redeemable preferred stock 269,214 3,391 - 272,605 Total fixed maturity securities available for sale $ 265,150,484 $ 30,456,040 $ (949,845 ) $ 294,656,679 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,698,490 $ 2,376,156 $ (750,407 ) $ 11,324,239 Total equity securities at estimated fair value $ 9,698,490 $ 2,376,156 $ (750,407 ) $ 11,324,239 Mortgage loans held for investment at amortized cost: Residential $ 95,822,448 Residential construction 111,111,777 Commercial 46,836,866 Less: Unamortized deferred loan fees, net (1,161,132 ) Less: Allowance for loan losses (2,005,127 ) Less: Net discounts (1,260,896 ) Total mortgage loans held for investment $ 249,343,936 Real estate held for investment - net of accumulated depreciation: Residential $ 24,843,743 Commercial 106,840,710 Total real estate held for investment $ 131,684,453 Real estate held for sale: Residential $ 3,478,254 Commercial 4,400,553 Total real estate held for sale $ 7,878,807 Other investments and policy loans at amortized cost: Policy loans $ 14,171,589 Insurance assignments 53,231,131 Federal Home Loan Bank stock (1) 2,506,600 Other investments 5,432,816 Less: Allowance for doubtful accounts (1,645,475 ) Total policy loans and other investments $ 73,696,661 Accrued investment income $ 5,360,523 Total investments $ 773,945,298 (1) Includes $ 866,900 1,639,700
Schedule of Fair Value of Fixed Maturity Securities	The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at December 31, 2021 and at December 31, 2020. The unrealized losses were primarily related to interest rate fluctuations and uncertainties relating to COVID-19. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of 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, 2021 Obligations of States and Political Subdivisions $ 1,989 $ 548,715 $ - $ - $ 1,989 $ 548,715 Corporate Securities 73,507 4,638,750 280,161 3,771,813 353,668 8,410,563 Mortgage and other asset-backed securities 72,952 7,934,760 88,380 1,582,804 161,332 9,517,564 Total unrealized losses $ 148,448 $ 13,122,225 $ 368,541 $ 5,354,617 $ 516,989 $ 18,476,842 At December 31, 2020 Obligations of States and Political Subdivisions $ 1,261 $ 206,812 $ - $ - $ 1,261 $ 206,812 Corporate Securities 242,596 9,919,298 438,882 2,593,026 681,478 12,512,324 Mortgage and other asset-backed securities 266,522 3,455,574 584 51,961 267,106 3,507,535 Total unrealized losses $ 510,379 $ 13,581,684 $ 439,466 $ 2,644,987 $ 949,845 $ 16,226,671
Schedule of Earnings on Fixed Maturity Securities	The following table presents a rollforward of the Company’s cumulative other than temporary credit impairments (“OTTI”) recognized in earnings on fixed maturity securities available for sale. Schedule of Earnings on Fixed Maturity Securities 2021 2020 Balance of credit-related OTTI at January 1 $ 370,975 $ - Additions for credit impairments recognized on: Securities not previously impaired 39,502 370,975 Securities previously impaired - - Reductions for credit impairments previously recognized on: Securities that matured or were sold during the period (realized) (145,500 ) - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at December 31 $ 264,977 $ 370,975
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at December 31, 2021, by contractual maturity. 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. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 68,966 $ 70,024 Due in 2-5 years 62,958,696 65,605,915 Due in 5-10 years 70,740,783 77,346,448 Due in more than 10 years 67,900,269 80,873,410 Mortgage-backed securities 34,365,382 35,109,209 Redeemable preferred stock 269,214 282,597 Total $ 236,303,310 $ 259,287,603
Schedule of Gain (Loss) on Investments	The following tables presents the net realized gains and losses from sales, calls, and maturities, unrealized gains and losses on equity securities, and other than temporary impairments from investments and other assets. Schedule of Gain (Loss) on Investments Years Ended December 31 2021 2020 Fixed maturity securities available for sale: Gross realized gains $ 984,740 $ 445,749 Gross realized losses (139,728 ) (77,546 ) Other than temporary impairments (39,502 ) (370,975 ) Equity securities: Gains on securities sold 390,597 74,836 Unrealized gains on securities held at the end of the period 2,732,130 1,125,304 Other assets: Gross realized gains 4,786,535 2,342,418 Gross realized losses (2,489,140 ) (1,984,911 ) Total $ 6,225,632 $ 1,554,875
Schedule of Major Categories of Net Investment Income	Information regarding sales of fixed maturity securities available for sale is presented as follows. Schedule of Major Categories of Net Investment Income Years Ended December 31 2021 2020 Proceeds from sales $ 2,896,351 $ 5,477,438 Gross realized gains 208,698 358,236 Gross realized losses (4,046 ) (21,137 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments Major categories of net investment income were as follows: Years Ended December 31 2021 2020 Fixed maturity securities available for sale $ 10,769,979 $ 12,233,394 Equity securities 446,337 642,433 Mortgage loans held for investment 28,758,614 25,672,746 Real estate held for investment and sale 12,334,989 11,945,401 Policy loans 940,890 1,025,179 Insurance assignments 19,062,052 17,837,578 Other investments 131,145 126,013 Cash and cash equivalents 235,470 426,623 Gross investment income 72,679,476 69,909,367 Investment expenses (14,414,793 ) (13,579,564 ) Net investment income $ 58,264,683 $ 56,329,803
Schedule of Commercial Real Estate Investment	The Company’s commercial real estate held for investment is summarized as follows: Schedule of Commercial Real Estate Investment Net Ending Balance Total Square Footage December 31 December 31 2021 2020 2021 2020 Utah (1) $ 150,105,948 $ 100,927,528 675,920 379,066 Louisiana 2,426,612 2,998,684 31,778 84,841 Mississippi 2,860,775 2,914,498 19,694 21,521 $ 155,393,335 $ 106,840,710 727,392 485,428 (1) Includes Center53 phase 1 and phase 2 The Company’s commercial real estate held for sale is summarized as follows: Net Ending Balance Total Square Footage December 31 December 31 2021 2020 2021 2020 Kansas $ 2,000,000 $ 4,000,000 222,679 222,679 Louisiana 389,145 - 2,872 - Mississippi (1) 151,553 151,553 - 12,300 Texas (2) 249,000 - - $ 2,540,698 $ 4,400,553 225,551 234,979 (1) Approximately 93 acres of undeveloped land, in 2021, the existing building was removed (2) Improved commercial pad
Schedule of Residential Real Estate Investment	The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Ending Balance December 31 2021 2020 Utah (1) $ 41,686,281 $ 24,557,562 Washington (2) 286,181 286,181 Residential Real Estate Investment $ 41,972,462 $ 24,843,743 (1) Including subdivision land developments (2) Improved residential lots The following table presents additional information regarding the Company’s subdivision land developments in Utah. December 31 2021 2020 Lots available for sale 67 36 Lots to be developed 548 350 Ending Balance $ 41,479,434 $ 23,777,478 Residential Real Estate Investment $ 41,479,434 $ 23,777,478 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The Company’s residential real estate held for sale is summarized as follows: Net Ending Balance December 31 2021 2020 Nevada $ 979,640 $ 979,640 Texas 200,962 - Ohio 10,000 10,000 Florida - 744,322 Utah - 1,744,292 Real Estate held for Sale $ 1,190,602 $ 3,478,254
Schedule of 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, 2021, real estate owned and occupied by the Company is summarized as follows: Schedule of Real Estate Owned and Occupied by the Company Location Business Segment Approximate Square Footage Square Footage Occupied by the Company 433 West Ascension Way, Salt Lake City, UT - Center53 Phase 2 Corporate Offices, Life Insurance, Cemetery/Mortuary Operations, and Mortgage Operations and Sales 221,000 50 % 1044 River Oaks Dr., Flowood, MS Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (1) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (1) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (1) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (1) Life Insurance Sales 1,737 100 % (1) Included in property and equipment on the consolidated balance sheets
Schedule of Aging of Mortgage Loans	The Company establishes a valuation allowance for credit losses in its mortgage loans held for investment portfolio. The following table presents the valuation allowance for loan losses as a contra-asset account. Schedule of Allowance for Loan Losses as Contra- Asset Account Commercial Residential Residential Construction Total December 31, 2021 Allowance for credit losses: Beginning balance $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Charge-offs - - - - Provision - (305,225 ) - (305,225 ) Ending balance $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Ending balance: individually evaluated for impairment $ - $ 105,384 $ - $ 105,384 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,364,187 $ 43,202 $ 1,594,518 Mortgage loans: Ending balance $ 51,683,022 $ 53,533,712 $ 175,117,783 $ 280,334,517 Ending balance: individually evaluated for impairment $ 1,723,372 $ 2,548,656 $ - $ 4,272,028 Ending balance: collectively evaluated for impairment $ 49,959,650 $ 50,985,056 $ 175,117,783 $ 2,760,162,489 December 31, 2020 Allowance for credit losses: Beginning balance $ 187,129 $ 1,222,706 $ 43,202 $ 1,453,037 Charge-offs - - - - Provision - 552,090 - 552,090 Ending balance $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Ending balance: individually evaluated for impairment $ - $ 219,905 $ - $ 219,905 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,554,891 $ 43,202 $ 1,785,222 Mortgage loans: Ending balance $ 46,836,866 $ 111,111,777 $ 95,822,448 $ 253,771,091 Ending balance: individually evaluated for impairment $ 2,148,827 $ 7,932,680 $ 200,963 $ 10,282,470 Ending balance: collectively evaluated for impairment $ 44,688,039 $ 103,179,097 $ 95,621,485 $ 243,488,621 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 2) Investments The following table presents the aging of mortgage loans held for investment. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total December 31, 2021 30-59 Days Past Due $ - $ 3,117,826 $ 1,363,127 $ 4,480,953 60-89 Days Past Due 100,204 580,815 - 681,019 Greater Than 90 Days (1) 1,723,372 2,052,062 - 3,775,434 In Process of Foreclosure (1) - 496,594 - 496,594 Total Past Due 1,823,576 6,247,297 1,363,127 9,434,000 Current 49,859,446 47,286,415 173,754,656 270,900,517 Total Mortgage Loans 51,683,022 53,533,712 175,117,783 280,334,517 Allowance for Loan Losses (187,129 ) (1,469,571 ) (43,202 ) (1,699,902 ) Unamortized deferred loan fees, net (36,813 ) (498,600 ) (383,173 ) (918,586 ) Unamortized discounts, net (240,614 ) (169,369 ) - (409,983 ) Net Mortgage Loans $ 51,218,466 $ 51,396,172 $ 174,691,408 $ 277,306,046 December 31, 2020 30-59 Days Past Due $ 233,200 $ 5,866,505 $ 127,191 $ 6,226,896 60-89 Days Past Due 812,780 2,048,148 - 2,860,928 Greater Than 90 Days (1) 2,148,827 5,669,583 - 7,818,410 In Process of Foreclosure (1) - 2,263,097 200,963 2,464,060 Total Past Due 3,194,807 15,847,333 328,154 19,370,294 Current 43,642,059 79,975,115 110,783,623 234,400,797 Total Mortgage Loans 46,836,866 95,822,448 111,111,777 253,771,091 Allowance for Loan Losses (187,129 ) (1,774,796 ) (43,202 ) (2,005,127 ) Unamortized deferred loan fees, net (32,557 ) (909,864 ) (218,711 ) (1,161,132 ) Unamortized discounts, net (880,721 ) (380,175 ) - (1,260,896 ) Net Mortgage Loans $ 45,736,459 $ 92,757,613 $ 110,849,864 $ 249,343,936 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure.
Schedule of Aging of Mortgage Loans	The following table presents the aging of mortgage loans held for investment. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total December 31, 2021 30-59 Days Past Due $ - $ 3,117,826 $ 1,363,127 $ 4,480,953 60-89 Days Past Due 100,204 580,815 - 681,019 Greater Than 90 Days (1) 1,723,372 2,052,062 - 3,775,434 In Process of Foreclosure (1) - 496,594 - 496,594 Total Past Due 1,823,576 6,247,297 1,363,127 9,434,000 Current 49,859,446 47,286,415 173,754,656 270,900,517 Total Mortgage Loans 51,683,022 53,533,712 175,117,783 280,334,517 Allowance for Loan Losses (187,129 ) (1,469,571 ) (43,202 ) (1,699,902 ) Unamortized deferred loan fees, net (36,813 ) (498,600 ) (383,173 ) (918,586 ) Unamortized discounts, net (240,614 ) (169,369 ) - (409,983 ) Net Mortgage Loans $ 51,218,466 $ 51,396,172 $ 174,691,408 $ 277,306,046 December 31, 2020 30-59 Days Past Due $ 233,200 $ 5,866,505 $ 127,191 $ 6,226,896 60-89 Days Past Due 812,780 2,048,148 - 2,860,928 Greater Than 90 Days (1) 2,148,827 5,669,583 - 7,818,410 In Process of Foreclosure (1) - 2,263,097 200,963 2,464,060 Total Past Due 3,194,807 15,847,333 328,154 19,370,294 Current 43,642,059 79,975,115 110,783,623 234,400,797 Total Mortgage Loans 46,836,866 95,822,448 111,111,777 253,771,091 Allowance for Loan Losses (187,129 ) (1,774,796 ) (43,202 ) (2,005,127 ) Unamortized deferred loan fees, net (32,557 ) (909,864 ) (218,711 ) (1,161,132 ) Unamortized discounts, net (880,721 ) (380,175 ) - (1,260,896 ) Net Mortgage Loans $ 45,736,459 $ 92,757,613 $ 110,849,864 $ 249,343,936 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure.
Schedule of Impaired Mortgage Loans	Schedule of Impaired Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2021 With no related allowance recorded: Commercial $ 1,723,372 $ 1,723,372 $ - $ 1,053,865 $ - Residential 1,591,368 1,591,368 - 2,731,421 - Residential construction - - - 100,481 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 957,288 957,288 105,384 726,449 - Residential construction - - - - - Total: Commercial $ 1,723,372 $ 1,723,372 $ - $ 1,053,865 $ - Residential 2,548,656 2,548,656 105,384 3,457,870 - Residential construction - - - 100,481 - December 31, 2020 With no related allowance recorded: Commercial $ 2,148,827 $ 2,148,827 $ - $ 1,866,819 $ - Residential 6,415,419 6,415,419 - 5,010,078 - Residential construction 200,963 200,963 - 555,278 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 1,517,261 1,517,261 219,905 1,182,368 - Residential construction - - - - - Total: Commercial $ 2,148,827 $ 2,148,827 $ - $ 1,866,819 $ - Residential 7,932,680 7,932,680 219,905 6,192,446 - Residential construction 200,963 200,963 - 555,278 -
Schedule of Credit Risk of Mortgage Loans Based on Performance Status	The Company’s performing and non-performing mortgage loans held for investment are summarized as follows: Schedule of Credit Risk of Mortgage Loans Based on Performance Status Commercial Residential Residential Construction Total December 31 December 31 December 31 December 31 2021 2020 2021 2020 2021 2020 2021 2020 Performing $ 49,959,650 $ 44,688,039 $ 50,985,056 $ 87,889,768 $ 175,117,783 $ 110,910,814 $ 276,062,489 $ 243,488,621 Non-performing 1,723,372 2,148,827 2,548,656 7,932,680 - 200,963 4,272,028 10,282,470 Total $ 51,683,022 $ 46,836,866 $ 53,533,712 $ 95,822,448 $ 175,117,783 $ 111,111,777 $ 280,334,517 $ 253,771,091
Schedule of Mortgage loans Held for Investment	Schedule of Mortgage loans Held for Investment Principal Principal Principal Amounts Amounts Amounts Due in Due in Due Total 1 Year 2-5 Years Thereafter Residential $ 53,533,712 $ 7,451,252 $ 6,031,628 $ 40,050,832 Residential Construction 175,117,783 145,711,262 29,406,521 - Commercial 51,683,022 17,007,282 25,761,914 8,913,826 Total $ 280,334,517 $ 170,169,796 $ 61,200,063 $ 48,964,658

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2021
Loans Held For Sale
Schedule of Aggregate Fair Value - Loans Held for Sale	The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale. Schedule of Aggregate Fair Value - Loans Held for Sale 2021 2020 December 31 2021 2020 Aggregate fair value $ 302,776,827 $ 422,772,418 Unpaid principal balance 294,481,503 406,407,323 Unrealized gain 8,295,324 16,365,095
Schedule of Mortgage Fee Income for Loans Held for Sale	Major categories of mortgage fee income for loans held for sale are summarized as follows: Schedule of Mortgage Fee Income for Loans Held for Sale 2021 2020 Years Ended December 31 2021 2020 Loan fees $ 37,723,433 $ 43,432,532 Interest income 9,385,469 10,628,581 Secondary gains 230,417,029 231,759,342 Change in fair value of loan commitments (3,113,095 ) 7,637,377 Change in fair value of loans held for sale (8,783,376 ) 10,413,492 Provision for loan loss reserve (2,211,230 ) (4,938,214 ) Mortgage fee income $ 263,418,230 $ 298,933,110
Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses	The loan loss reserve, which is included in other liabilities and accrued expenses, is summarized as follows: Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses 2021 2020 December 31 2021 2020 Balance, beginning of period $ 20,583,618 $ 4,046,288 Provision for current loan originations (1) 2,211,230 4,938,214 Additional provision for loan loss reserve - 16,506,030 Charge-offs, net of recaptured amounts (20,347,709 ) (4,906,914 ) Balance, at December 31 $ 2,447,139 $ 20,583,618 (1) Included in Mortgage fee income

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: Schedule of Receivables December 31 2021 2020 Trade contracts $ 5,298,636 $ 4,119,988 Receivables from sales agents 2,360,807 2,677,774 Other 12,457,398 5,786,827 Total receivables 20,116,841 12,584,589 Allowance for doubtful accounts (1,800,725 ) (1,685,382 ) Net receivables $ 18,316,116 $ 10,899,207

Value of Business Acquired, I_2

Value of Business Acquired, Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Value of Business Acquired	Information with regard to value of business acquired was as follows: Schedule of Value of Business Acquired 2021 2020 December 31 2021 2020 Balance at beginning of year $ 8,955,249 $ 9,876,647 Value of business acquired 586,840 - Imputed interest at 7 613,028 670,565 Amortization included in earnings (1,728,157 ) (1,457,390 ) Shadow amortization included in other comprehensive income (5,528 ) (134,573 ) Net amortization (1,120,657 ) (921,398 ) Balance at end of year $ 8,421,432 $ 8,955,249
Schedule of Carrying Value of Intangible Asset	The carrying value of the Company’s intangible assets were as follows which is included in other assets: Schedule of Carrying Value of Intangible Asset December 31 Useful Life 2021 2020 Intangible asset - trade name (1) 15 years $ 2,100,000 $ - Intangible asset - customer lists 15 years 890,000 890,000 Intangible asset - trade name (2) 15 years 610,000 610,000 Intangible assets - other (1) 15 years 210,000 - Less accumulated amortization (297,333 ) (197,334 ) Balance at end of year $ 3,512,667 $ 1,302,666 (1) See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens (2) Kilpatrick Life
Schedule of Goodwill by Segment	Information regarding goodwill by segment was as follows: Schedule of Goodwill by Segment Life Insurance Cemetery/ Total Balance at January 1, 2020: Goodwill $ 2,765,570 $ 754,018 $ 3,519,588 Accumulated impairment - - - Total goodwill, net 2,765,570 754,018 3,519,588 Acquisition - - - Balance at December 31, 2020: Goodwill 2,765,570 754,018 3,519,588 Accumulated impairment - - - Total goodwill, net 2,765,570 754,018 3,519,588 Acquisition - 1,734,195 (1) 1,734,195 Balance at December 31, 2021: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 2,488,213 $ 5,253,783 (1) See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens and Holbrook Mortuary

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment is summarized below: Schedule of Property, Plant and Equipment 2021 2020 December 31 2021 2020 Land and buildings $ 16,532,593 $ 11,972,802 Furniture and equipment 24,799,115 19,679,682 Property, Plant and Equipment, Gross 41,331,708 31,652,484 Less accumulated depreciation (19,814,110 ) (19,179,139 ) Total $ 21,517,598 $ 12,473,345

Bank and Other Loans Payable (T

Bank and Other Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Bank Loans Payable	Bank and other loans payable are summarized as follows: Summary of Bank Loans Payable December 31 2021 2020 - 633,890 4.27 53,881 - 633,890 Prime rate note payable in monthly installments of $ 75,108 2,481,878 3,257,113 4.329 9,775 3,103,000 1,825,608 1,861,920 4.00 1 3 64,730,000 34,547,181 - 2.5 113,000 49,118,000 - 35,091,364 3.30 179,562 49,118,000 40,090,359 - 4.7865 17,301,000 9,200,000 9,200,000 1 month LIBOR rate plus 2.1 100,000,000 66,305,025 116,598,834 1 month LIBOR rate plus 2 100,000,000 50,555,909 68,766,572 1 month LIBOR rate plus 2.15 75,000,000 43,196,986 60,715,374 1 month LIBOR rate plus 2.0 100,000,000 1,764,386 - 1 month LIBOR rate plus 2.5 5,000,000 - 317,582 Other short-term borrowings (1) 1,250,000 1,250,000 Finance lease liabilities 62,767 104,951 Other loans payable 6,828 26,768 Total bank and other loans 251,286,927 297,824,368 Less current installments 164,747,672 284,250,996 Bank and other loans, excluding current installments $ 86,539,255 $ 13,573,372
Schedule of Combined Maturities of Bank Loans Payable, Lines of Credit and Notes and Contracts Payable	The following tabulation shows the combined maturities of bank and other loans payable: Schedule of Combined Maturities of Bank Loans Payable, Lines of Credit and Notes and Contracts Payable 2022 $ 164,747,672 2023 1,745,541 2024 36,333,278 2025 2,512,683 2026 735,981 Thereafter 45,211,772 Total $ 251,286,927

Cemetery Perpetual Care Trust_2

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Cemetery Perpetual Care Trust Investments And Obligation And Restricted Assets
Schedule of The Components of The Cemetery Perpetual Care Obligation	The components of the cemetery perpetual care investments and obligation are as follows: Schedule of The Components of The Cemetery Perpetual Care Obligation 2021 2020 December 31 2021 2020 Cash and cash equivalents $ 1,059,519 $ 402,913 Fixed maturity securities, available for sale, at estimated fair value 784,765 747,767 Equity securities, at estimated fair value 3,302,480 2,062,303 Participating interests in residential construction mortgage loans held for investment with Security National Life 1,823,533 1,468,600 Real estate held for investment 865,424 1,731,584 Total cemetery perpetual care trust investments 7,835,721 6,413,167 Cemetery perpetual care obligation (4,915,285 ) (4,087,704 ) Trust investments in excess of trust obligations $ 2,920,436 $ 2,325,463
Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	Restricted assets are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds 2021 2020 December 31 2021 2020 Cash and cash equivalents (1) $ 9,000,293 $ 8,842,744 Fixed maturity securities, available for sale, at estimated fair value 1,601,688 1,473,637 Equity securities, at estimated fair value 3,603,822 2,515,778 Participating interests in mortgage loans held for investment with Security National Life 2,732,319 3,317,877 Total $ 16,938,122 $ 16,150,036

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Summary of Income Tax Liability	The Company’s income tax liability is summarized as follows: Summary of Income Tax Liability 2021 2020 December 31 2021 2020 Current $ (1,558,687 ) $ 2,595,877 Deferred 32,594,783 22,662,923 Total $ 31,036,096 $ 25,258,800
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax (assets) and liabilities are approximately as follows: Schedule of Deferred Tax Assets and Liabilities 2021 2020 December 31 2021 2020 Assets Future policy benefits $ (13,015,255 ) $ (12,657,045 ) Loan loss reserve (636,256 ) (5,352,942 ) Unearned premium (642,755 ) (699,011 ) Net operating loss (898,029 ) (334,085 ) Deferred compensation (2,750,406 ) (2,833,298 ) Deposit obligations (635,878 ) (610,041 ) Other (1,712,895 ) (1,269,533 ) Less: Valuation allowance 882,535 961,920 Total deferred tax assets (19,408,939 ) (22,794,035 ) Liabilities Deferred policy acquisition costs 17,166,200 16,430,001 Basis difference in property, equipment and real estate 9,247,242 5,312,787 Value of business acquired 1,768,501 1,880,602 Deferred gains 15,598,360 12,124,226 Trusts 1,064,387 1,064,387 Tax on unrealized appreciation 7,159,032 8,644,955 Total deferred tax liabilities 52,003,722 45,456,958 Net deferred tax liability $ 32,594,783 $ 22,662,923
Schedule of Components of Income Tax Expense (Benefit)	The Company’s income tax expense is summarized as follows: Schedule of Components of Income Tax Expense (Benefit) 2021 2020 December 31 2021 2020 Current Federal $ 629,921 $ 10,678,612 State 343,428 2,320,233 Total Current Income Tax Expense (Benefit) 973,349 12,998,845 Deferred Federal 9,832,556 2,677,943 State 1,475,880 176,726 Total Deferred Income Tax Expense (Benefit) 11,308,436 2,854,669 Total $ 12,281,785 $ 15,853,514
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of income tax expense at the U.S. federal statutory rates is as follows: Schedule of Effective Income Tax Rate Reconciliation 2021 2020 December 31 2021 2020 Computed expense at statutory rate $ 10,878,163 $ 15,004,527 State tax expense, net of federal tax benefit 1,437,255 1,972,598 Change in valuation allowance (79,385 ) (1,477,474 ) Other, net 45,752 353,863 Income tax expense $ 12,281,785 $ 15,853,514
Summary of Operating Loss Carryforwards	Net Operating Losses and Tax Credit Carryforwards: Summary of Operating Loss Carryforwards Year of Expiration 2022 $ - 2023 - 2024 - 2025 - 2026 - Thereafter up through 2037 1,237,784 Indefinite carryforwards 2,742,661 $ 3,980,445

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Summary of Activities in Shares of Capital Stock	The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock Class A Class C Outstanding shares at December 31, 2019 16,107,779 2,500,887 Exercise of stock options 68,970 130,820 Stock dividends 405,210 61,720 Conversion of Class C to Class A 13,824 (13,824 ) Outstanding shares at December 31, 2020 16,595,783 2,679,603 Exercise of stock options 160,282 104,656 Stock dividends 837,410 131,553 Conversion of Class C to Class A 49,247 (49,247 ) Outstanding shares at December 31, 2021 17,642,722 2,866,565
Schedule of Earnings Per Share, Basic and Diluted	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: Schedule of Earnings Per Share, Basic and Diluted 2021 2020 Years Ended December 31 2021 2020 Numerator: Net earnings $ 39,518,990 $ 55,596,613 Denominator: Denominator for basic earnings per share-weighted-average shares 20,154,878 19,788,984 Effect of dilutive securities Employee stock options 774,206 465,423 Dilutive potential common shares 774,206 465,423 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 20,929,084 20,254,407 Basic earnings per share $ 1.96 $ 2.81 Diluted earnings per share $ 1.89 $ 2.74

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Assumptions Used	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. Schedule of Assumptions Used Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield (1) Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 3, 2021 All Plans $ 2.99 5 % $ 8.62 36.50 % 1.15 % 5.31 March 27, 2020 All Plans $ 0.65 5 % $ 3.76 32.29 % 1.64 % 4.82
Schedule of Activity of Stock Option Plans	Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2020 1,086,053 $ 4.20 594,132 $ 5.10 Adjustment for the effect of stock dividends 27,968 19,354 Granted 77,000 180,000 Exercised (116,487 ) (130,820 ) Cancelled (1,671 ) - Outstanding at December 31, 2020 1,072,863 $ 4.12 662,666 $ 4.50 Adjustment for the effect of stock dividends 47,594 33,136 Granted 89,500 230,000 Exercised (183,935 ) (104,656 ) Cancelled (1,671 ) - Outstanding at December 31, 2021 1,024,351 $ 4.61 821,146 $ 5.48 Exercisable at end of year 934,851 $ 4.23 591,146 $ 4.26 Available options for future grant 232,376 16,689 Weighted average contractual term of options outstanding at December 31, 2021 4.54 7.24 Weighted average contractual term of options exercisable at December 31, 2021 4.03 6.62 Aggregated intrinsic value of options outstanding at December 31, 2021 (1) $ 4,700,708 $ 3,009,168 Aggregated intrinsic value of options exercisable at December 31, 2021 (1) $ 4,648,798 $ 2,918,768

Statutory Financial Informati_2

Statutory Financial Information and Dividend Limitations (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Schedule of Statutory Accounting Practices	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: Schedule of Statutory Accounting Practices Statutory Net Income Statutory Capital and Surplus Years Ended December 31 December 31 2021 2020 2021 2020 Amounts by insurance subsidiary: Security National Life Insurance Company $ 5,552,116 $ 6,054,764 $ 57,424,808 $ 53,089,185 Kilpatrick Life Insurance Company 1,312,718 1,574,128 15,566,231 15,177,996 First Guaranty Insurance Company 624,550 790,221 7,734,357 7,045,644 Memorial Insurance Company of America 37 55 - 1,088,034 Southern Security Life Insurance Company, Inc. 275 183 1,578,225 1,581,647 Trans-Western Life Insurance Company (2,089 ) (1,527 ) 508,547 510,636 Total $ 7,487,607 $ 8,417,824 $ 82,812,168 $ 78,493,142

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Revenues and Expenses by Reportable Segment	Schedule of Revenues and Expenses by Reportable Segment Year Ended December 31, 2021 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 100,254,573 $ 23,997,313 $ 263,418,230 - $ 387,670,116 Net investment income 56,091,725 1,653,940 519,018 - 58,264,683 Gains on investments and other assets 4,554,528 1,511,965 198,641 - 6,265,134 Other than temporary impairments (39,502 ) - - - (39,502 ) Other revenues 2,152,531 100,255 16,282,325 - 18,535,111 Intersegment revenues: Net investment income 7,569,875 314,001 599,115 (8,482,991 ) - Total revenues 170,583,730 27,577,474 281,017,329 (8,482,991 ) 470,695,542 Expenses: Death, surrenders and other policy benefits 67,218,455 - - - 67,218,455 Increase in future policy benefits 26,263,312 - - - 26,263,312 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 15,611,374 531,596 - - 16,142,970 Selling, general and administrative expenses: Commissions 3,514,498 1,917,899 112,854,072 - 118,286,469 Personnel 25,009,096 6,850,617 68,880,448 - 100,740,161 Advertising 1,160,640 570,924 4,894,854 - 6,626,418 Rent and rent related 733,726 109,318 6,399,243 - 7,242,287 Depreciation on property and equipment 806,543 479,005 650,065 - 1,935,613 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 10,541,570 - 10,541,570 Intersegment 497,113 113,062 671,107 (1,281,282 ) - Other 12,075,374 5,224,178 35,766,430 - 53,065,982 Interest expense: Intersegment 392,003 97,195 6,712,511 (7,201,709 ) - Other 2,328,868 54,620 4,744,028 - 7,127,516 Costs of goods and services sold-mortuaries and cemeteries - 3,704,014 - - 3,704,014 Total benefits and expenses 155,611,002 19,652,428 252,114,328 (8,482,991 ) 418,894,767 Earnings before income taxes $ 14,972,728 $ 7,925,046 $ 28,903,001 $ - $ 51,800,775 Income tax benefit (expense) (2,943,715 ) (1,975,787 ) (7,362,283 ) - (12,281,785 ) Net earnings $ 12,029,013 $ 5,949,259 $ 21,540,718 $ - $ 39,518,990 Identifiable assets $ 1,236,406,557 $ 73,432,116 $ 328,600,841 $ (96,099,992 ) $ 1,542,339,522 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 15) Business Segment Information Year Ended December 31, 2020 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 93,020,617 $ 20,307,435 $ 298,933,110 $ - $ 412,261,162 Net investment income 54,811,486 807,695 710,622 - 56,329,803 Gains on investments and other assets 2,088,541 (162,652 ) (39 ) - 1,925,850 Other than temporary impairments (370,975 ) - - - (370,975 ) Other revenues 1,491,585 94,349 9,731,548 - 11,317,482 Intersegment revenues: Net investment income 8,022,503 351,505 716,240 (9,090,248 ) - Total revenues 159,063,757 21,398,332 310,091,481 (9,090,248 ) 481,463,322 Expenses: Death, surrenders and other policy benefits 62,841,360 - - - 62,841,360 Increase in future policy benefits 23,568,650 - - - 23,568,650 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 13,618,204 689,221 - - 14,307,425 Selling, general and administrative expenses: Commissions 4,149,241 1,506,320 118,770,736 - 124,426,297 Personnel 25,449,100 5,669,367 53,871,504 - 84,989,971 Advertising 614,114 391,836 4,374,946 - 5,380,896 Rent and rent related 861,602 89,253 5,922,706 - 6,873,561 Depreciation on property and equipment 843,335 488,570 746,833 - 2,078,738 Provision for loan loss reserve - - 16,506,030 - 16,506,030 Cost related to funding mortgage loans - - 9,877,700 - 9,877,700 Intersegment 621,161 142,999 580,976 (1,345,136 ) - Other 11,808,818 4,417,805 31,104,479 - 47,331,102 Interest expense: Intersegment 410,024 152,175 7,182,913 (7,745,112 ) - Other 2,354,760 198,968 6,025,082 - 8,578,810 Costs of goods and services sold-mortuaries and cemeteries - 3,252,655 - - 3,252,655 Total benefits and expenses 147,140,369 16,999,169 254,963,905 (9,090,248 ) 410,013,195 Earnings before income taxes $ 11,923,388 $ 4,399,163 $ 55,127,576 $ - $ 71,450,127 Income tax benefit (expense) (1,433,901 ) (1,009,137 ) (13,410,476 ) - (15,853,514 ) Net earnings $ 10,489,487 $ 3,390,026 $ 41,717,100 $ - $ 55,596,613 Identifiable assets $ 1,171,158,235 $ 56,335,498 $ 408,325,196 $ (90,398,039 ) $ 1,545,420,890 Goodwill $ 2,765,570 $ 754,018 $ - $ - $ 3,519,588

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	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, 2021. 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 $ 259,287,603 $ - $ 257,264,255 $ 2,023,348 Equity securities 11,596,414 11,596,414 - - Loans held for sale 302,776,827 - - 302,776,827 Restricted assets (1) 1,601,688 - 1,601,688 - Restricted assets (2) 3,603,822 3,603,822 - - Cemetery perpetual care trust investments (1) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) 3,302,480 3,302,480 - - Derivatives - loan commitments (3) 8,563,410 - - 8,563,410 Total assets accounted for at fair value on a recurring basis $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (50,936 ) $ (50,936 ) $ - $ - Derivatives - put options (4) (4,493 ) (4,493 ) - - Derivatives - loan commitments (4) (1,547,895 ) - - (1,547,895 ) Total liabilities accounted for at fair value on a recurring basis $ (1,603,324 ) $ (55,429 ) $ - $ (1,547,895 ) (1) Fixed maturity securities available for sale (2) 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2020. 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 $ 294,656,679 $ - $ 292,455,504 $ 2,201,175 Equity securities 11,324,239 11,324,239 - - Loans held for sale 422,772,418 - - 422,772,418 Restricted assets (1) 1,473,637 - 1,473,637 - Restricted assets (2) 2,515,778 2,515,778 - - Cemetery perpetual care trust investments (1) 747,767 - 747,767 - Cemetery perpetual care trust investments (2) 2,062,303 2,062,303 - - Derivatives - loan commitments (3) 12,592,672 - - 12,592,672 Total assets accounted for at fair value on a recurring basis $ 748,145,493 $ 15,902,320 $ 294,676,908 $ 437,566,265 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (43,097 ) $ (43,097 ) $ - $ - Derivatives - loan commitments (4) (2,464,062 ) - - (2,464,062 ) Total liabilities accounted for at fair value on a recurring basis $ (2,507,159 ) $ (43,097 ) $ - $ (2,464,062 ) (1) Fixed maturity securities available for sale (2) 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
Assets and Liabilities Measured at Fair Value on A Recurring Basis	For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: Assets and Liabilities Measured at Fair Value on A Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2021 Technique Input(s) Value Value Average Loans held for sale $ 302,776,827 Market approach Investor contract pricing as a percentage of unpaid principal balance 95.0 % 109.0 % 103.0 % Derivatives - loan commitments (net) 7,015,515 Market approach Pull-through rate 66.0 % 95.0 % 81.0 % Initial-Value N/A N/A N/A Servicing 0 bps 148 bps 61 bps Fixed maturity securities available for sale 2,023,348 Broker quotes Pricing quotes $ 96.87 $ 111.11 $ 106.73 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2020, 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 12/31/2020 Technique Input(s) Value Value Average Loans held for sale $ 422,772,418 Market approach Investor contract pricing as a percentage of unpaid principal balance 99.0 % 110.0 % 104.0 % Derivatives - loan commitments (net) 10,128,610 Market approach Pull-through rate 52.0 % 92.0 % 81.0 % Initial-Value N/A N/A N/A Servicing 0 bps 184 bps 58 bps Fixed maturity securities available for sale 2,201,175 Broker quotes Pricing quotes $ 90.83 $ 119.33 $ 113.47
Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs	Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: 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, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 Originations/purchases - 5,611,189,587 - Sales, maturities and paydowns - (5,900,076,766 ) (45,700 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings (3,113,095 )(1) 169,093,539 (1) 3,674 (2) Included in other comprehensive income - - (135,801 ) Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings 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, 2019 $ 2,491,233 $ 213,457,632 $ 3,216,382 Originations/purchases - 5,627,013,749 - Sales, maturities and paydowns - (5,600,045,285 ) (1,042,400 ) Transfer to mortgage loans held for investment - (16,960,549 ) - Total gains (losses): Included in earnings 7,637,377 (1) 199,306,871 (1) 3,408 (2) Included in other comprehensive income - - 23,785 Balance - December 31, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings
Schedule of Fair Value Assets Measured on a Nonrecurring Basis	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, 2021. Schedule of 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 $ 851,903 $ - $ - $ 851,903 Impaired real estate held for sale 2,000,000 - - 2,000,000 Total assets accounted for at fair value on a nonrecurring basis $ 2,851,903 $ - $ - $ 2,851,903 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, 2020. 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 $ 1,297,356 $ - $ - $ 1,297,356 Impaired real estate held for sale 4,249,000 - - 4,249,000 Total assets accounted for at fair value on a nonrecurring basis $ 5,546,356 $ - $ - $ 5,546,356
Schedule of Financial Instruments Carried at Other Than Fair Value	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, 2021: 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 $ 51,396,172 $ - $ - $ 55,159,167 $ 55,159,167 Residential construction 174,691,408 - - 174,691,408 174,691,408 Commercial 51,218,466 - - 51,008,709 51,008,709 Mortgage loans held for investment, net $ 277,306,046 $ - $ - $ 280,859,284 $ 280,859,284 Policy loans 13,478,214 - - 13,478,214 13,478,214 Insurance assignments, net (1) 46,946,590 - - 46,946,590 46,946,590 Restricted assets (2) 2,732,320 - - 2,732,320 2,732,320 Cemetery perpetual care trust investments (2) 1,823,533 - - 1,823,533 1,823,533 Mortgage servicing rights, net 53,060,455 - - 68,811,809 68,811,809 Liabilities Bank and other loans payable $ (251,286,927 ) $ - $ - $ (251,286,927 ) $ (251,286,927 ) Policyholder account balances (3) (42,939,055 ) - - (35,855,934 ) (35,855,934 ) Future policy benefits - annuities (3) (107,992,830 ) - - (116,215,717 ) (116,215,717 ) (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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2021 and 2020 17) Fair Value of Financial Instruments (Continued) 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, 2020: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 92,757,613 $ - $ - $ 100,384,283 $ 100,384,283 Residential construction 110,849,864 - - 110,849,864 110,849,864 Commercial 45,736,459 - - 45,259,425 45,259,425 Mortgage loans held for investment, net $ 249,343,936 $ - $ - $ 256,493,572 $ 256,493,572 Policy loans 14,171,589 - - 14,171,589 14,171,589 Insurance assignments, net (1) 51,585,656 - - 51,585,656 51,585,656 Restricted assets (2) 3,317,877 - - 3,317,877 3,317,877 Cemetery perpetual care trust investments (2) 1,468,600 - - 1,468,600 1,468,600 Mortgage servicing rights, net 35,210,516 - - 38,702,358 38,702,358 Liabilities Bank and other loans payable $ (297,824,368 ) $ - $ - $ (297,824,368 ) $ (297,824,368 ) Policyholder account balances (3) (44,026,809 ) - - (42,220,725 ) (42,220,725 ) Future policy benefits - annuities (3) (106,522,113 ) - - (112,354,186 ) (112,354,186 ) (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

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of Changes in accumulated other comprehensive income	The following summarizes the changes in accumulated other comprehensive income: Schedule of Changes in accumulated other comprehensive income 2021 2020 December 31 2021 2020 Unrealized gains on fixed maturity securities available for sale $ (7,323,241 ) $ 12,016,464 Amounts reclassified into net earnings 805,510 (2,772 ) Net unrealized gains before taxes (6,517,731 ) 12,013,692 Tax expense 1,368,721 (2,522,876 ) Net (5,149,010 ) 9,490,816 Unrealized gains on restricted assets (1) (23,250 ) 41,225 Tax expense 5,792 (10,269 ) Net (17,458 ) 30,956 Unrealized gains on cemetery perpetual care trust investments (1) (11,114 ) (6,817 ) Tax expense 2,769 1,698 Net (8,345 ) (5,119 ) Unrealized gains for foreign currency translations adjustments 2,835 (46 ) Tax expense (707 ) 12 Net 2,128 (34 ) Other comprehensive income changes $ (5,172,685 ) $ 9,516,619 (1) Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income	The following is the accumulated balances of other comprehensive income as of December 31, 2021: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2020 Change for the period Ending Balance December 31, 2021 Unrealized gains (losses) on fixed maturity securities available for sale $ 23,170,275 $ (5,149,010 ) $ 18,021,265 Unrealized gains (losses) on restricted assets (1) 57,650 (17,458 ) 40,192 Unrealized gains (losses) on cemetery perpetual 17,336 (8,345 ) 8,991 Foreign currency translation adjustments (2,128 ) 2,128 - Other comprehensive income $ 23,243,133 $ (5,172,685 ) $ 18,070,448 (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income as of December 31, 2020: Beginning Balance December 31, 2019 Change for the period Ending Balance December 31, 2020 Unrealized gains on fixed maturity securities available for sale $ 13,679,459 $ 9,490,816 $ 23,170,275 Unrealized gains on restricted assets (1) 26,694 30,956 57,650 Unrealized gains (losses) on cemetery perpetual 22,455 (5,119 ) 17,336 Foreign currency translation adjustments (2,094 ) (34 ) (2,128 ) Other comprehensive income $ 13,726,514 $ 9,516,619 $ 23,243,133 (1) Fixed maturity securities available for sale

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value December 31, 2021 December 31, 2020 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 $ 862,568,967 $ 8,563,410 $ 1,547,895 $ 659,245,038 $ 12,592,672 $ 2,464,062 Call options Other liabilities 982,500 — 50,936 1,873,200 — 43,097 Put options Other liabilities 362,900 — 4,493 — — — Total $ 863,914,367 $ 8,563,410 $ 1,603,324 $ 661,118,238 $ 12,592,672 $ 2,507,159
Schedule of Gains and Losses on Derivatives	Schedule of Gains and Losses on Derivatives Years ended December 31 Derivative Classification 2021 2020 Loan commitments Mortgage fee income $ (3,113,095 ) $ 7,637,377 Call and put options Gains on investments and other assets $ 160,410 $ 272,758

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2021
Rivera Funerals Cremations and Memorial Gardens [Member]
Business Acquisition [Line Items]
Estimated Fair Values of Assets Acquired and Liabilities Assumed	The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition were as follows: Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed Restricted assets (1) $ 618,006 Property and equipment (2) 6,255,836 Cemetery land and improvements 658,280 Goodwill 1,338,763 Other (3) 2,440,516 Total assets acquired 11,311,401 Cemetery perpetual care obligation (618,006 ) Other liabilities - holdback (1,120,000 ) Total liabilities assumed (1,738,006 ) Fair value of net assets acquired/consideration paid $ 9,573,395 (1) Includes $ 39,000 579,006 (2) At estimated fair value which is a Level 3 asset in the fair value hierarchy (3) Including $ 2,310,000
Holbrook Mortuary [Member]
Business Acquisition [Line Items]
Estimated Fair Values of Assets Acquired and Liabilities Assumed	The estimated fair values of the assets acquired and liabilities assumed as of the date of acquisition were as follows: Estimated Fair Values of Assets Acquired and Liabilities Assumed Property and equipment (1) $ 2,641,210 Goodwill 395,432 Other 15,105 Total assets acquired 3,051,747 Fair value of net assets acquired/consideration paid $ 3,051,747

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Mortgage Servicing Rights	The following table presents the MSR activity. Schedule of Mortgage Servicing Rights 2021 2020 December 31 2021 2020 Amortized cost: Balance before valuation allowance at beginning of year $ 35,210,516 $ 17,155,529 MSR additions resulting from loan sales 32,701,819 29,896,465 Amortization (1) (14,851,880 ) (11,841,478 ) Application of valuation allowance to write down MSRs - - Balance before valuation allowance at year end $ 53,060,455 $ 35,210,516 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at year end $ - $ - Mortgage servicing rights, net $ 53,060,455 $ 35,210,516 Estimated fair value of MSRs at year end $ 68,811,809 $ 38,702,358 (1) Included in other expenses on the consolidated statements of earnings
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights	Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2022 $ 7,341,097 2023 6,020,240 2024 5,263,053 2025 4,583,231 2026 4,008,838 Thereafter 25,843,996 Total $ 53,060,455
Schedule of Other Revenues	The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the consolidated statements of earnings. Schedule of Other Revenues Years Ended December 31 2021 2020 Contractual servicing fees $ 15,471,307 $ 8,940,612 Late fees 321,337 305,962 Total $ 15,792,644 $ 9,246,574
Summary of Unpaid Principal Balances of the Servicing Portfolio	The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio December 31 2021 2020 Servicing UPB $ 7,060,536,350 $ 5,070,287,864
Assumptions Used in Determining MSR Value	The following key assumptions were used in determining MSR value. Assumptions Used in Determining MSR Value Prepayment Speeds Average Life(Years) Discount Rate December 31, 2021 11.60 6.64 9.50 December 31, 2020 15.60 5.30 9.50

Future Policy Benefits and Un_2

Future Policy Benefits and Unpaid Claims (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Schedule of Liability for Future Policy Benefits, by Product Segment	Schedule of Liability for Future Policy Benefits, by Product Segment December 31 2021 2020 Life $ 698,366,477 $ 674,230,463 Annuities 107,992,830 109,522,112 Policyholder account balances 42,939,055 44,026,809 Accident and health 629,302 651,140 Other policyholder funds 4,352,217 4,354,746 Reported but unpaid claims 4,887,934 8,689,723 Incurred but not reported claims 4,106,878 3,315,094 Gross future policy benefits and unpaid claims $ 863,274,693 $ 844,790,087 Receivable from reinsurers Life 10,482,428 10,841,567 Annuities 4,082,877 4,047,301 Accident and health 88,474 90,231 Reported but unpaid claims 177,829 571,057 Incurred but not reported claims 19,000 19,000 Total receivable from reinsurers 14,850,608 15,569,156 Net future policy benefits and unpaid claims $ 848,424,085 $ 829,220,931

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities	The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2021) $ 4,119,988 $ - $ 13,080,179 Closing (12/31/2021) 5,298,636 - 14,508,022 Increase/(decrease) 1,178,648 - 1,427,843 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2020) $ 2,778,879 $ - $ 12,607,978 Closing (12/31/2020) 4,119,988 - 13,080,179 Increase/(decrease) 1,341,109 - 472,201 (1) Included in Receivables, net on the consolidated balance sheets
Schedule of Opening and Closing Balances of the Assets and Liabilities	The following table disaggregates the opening and closing balances of the Company’s contract balances. Schedule of Opening and Closing Balances of the Assets and Liabilities Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,545,753 At-need specialty merchandise - 534,426 Pre-need land sales - - Opening (1/1/2021) $ - $ 13,080,179 Pre-need merchandise and services $ - $ 13,722,348 At-need specialty merchandise - 785,674 Pre-need land sales - - Closing (12/31/2021) $ - $ 14,508,022 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 12,325,437 At-need specialty merchandise - 282,541 Pre-need land sales - - Opening (1/1/2020) $ - $ 12,607,978 Pre-need merchandise and services $ - $ 12,545,753 At-need specialty merchandise - 534,426 Pre-need land sales - - Closing (12/31/2020) $ - $ 13,080,179
Revenues of the Cemetery and Mortuary Contracts	The following table disaggregates revenue for the Company’s cemetery and mortuary contracts. Revenues of the Cemetery and Mortuary Contracts Years Ended December 31 2021 2020 Major goods/service lines At-need $ 16,220,541 $ 15,212,822 Pre-need 7,776,772 5,094,613 $ 23,997,313 $ 20,307,435 Timing of Revenue Recognition Goods transferred at a point in time $ 16,793,439 $ 13,438,592 Services transferred at a point in time 7,203,874 6,868,843 $ 23,997,313 $ 20,307,435
Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information	The following table disaggregates contract costs that are included in deferred policy and pre-need contract acquisition costs on the consolidated balances sheets. Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information 2021 2020 Years Ended December 31 2021 2020 Pre-need merchandise and services $ 3,688,579 $ 3,601,638 At-need specialty merchandise 29,688 5,302 Pre-need land sales - - Deferred policy and pre-need contract acquisition costs $ 3,718,267 $ 3,606,940

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases
Schedule of Lease Cost Recognized in Earnings	Schedule of Lease Cost Recognized in Earnings 2021 2020 Years Ended December 31 2021 2020 Lease Cost Finance lease cost: Amortization of right-of-use assets (1) $ 41,925 $ 58,576 Interest on lease liabilities (2) 4,713 7,341 Operating lease cost (3) 4,896,315 5,408,737 Short-term lease cost (3)(4) 167,551 222,311 Sublease income (3) (275,038 ) (394,758 ) Total lease cost $ 4,835,466 $ 5,302,207 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,697,819 $ 5,293,901 Operating cash flows from finance leases 4,713 7,341 Financing cash flows from finance leases 42,184 56,982 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 5,216,048 $ 5,631,193 Finance leases - 8,494 Weighted-average remaining lease term (in years) Finance leases 2.07 2.74 Operating leases 6.04 5.40 Weighted-average discount rate Finance leases 5.74 % 5.59 % Operating leases 4.14 % 4.87 % (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
Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases	The following table presents the maturity analysis of the Company’s lease liabilities. Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases Finance Leases Operating Leases Lease payments due in: 2022 $ 34,458 $ 4,109,174 2023 27,220 3,340,343 2024 4,354 2,707,152 2025 692 1,809,667 2026 - 1,414,296 Thereafter - 2,449,017 Total undiscounted lease payments 66,724 15,829,649 Less: Discount on cash flows (3,957 ) (2,889,958 ) Present value of lease liabilities $ 62,767 $ 12,939,691
Schedule of Right-of-Use Assets and Lease Liabilities	The following table presents the Company’s right-of-use assets and lease liabilities. Schedule of Right-of-Use Assets and Lease Liabilities Year Ended December 31 Balance Sheet Location 2021 2020 Operating Leases Right-of-use assets Other assets $ 12,483,638 $ 11,663,245 Lease liabilities Other liabilities and accrued expenses $ 12,939,691 $ 11,921,884 Finance Leases Right-of-use assets $ 235,867 $ 254,276 Accumulated amortization (177,660 ) (154,144 ) Right-of-use assets, net Property and equipment, net $ 58,207 $ 100,132 Lease liabilities Bank and other loans payable $ 62,767 $ 104,951

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Remaining outstanding principal balance percentage	0.25%
Participating business	2.00%	2.00%
Diversification of business	$ 100,000
Concentration risk percentage1	100.00%
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Debt instrument interest rate effective percentage	4.00%
Participating policy percentage of premium income	3.00%
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Debt instrument interest rate effective percentage	10.00%
Participating policy percentage of premium income	6.50%
MSRs Class One [Member]
Property, Plant and Equipment [Line Items]
Debt instrument term	30 years
MSRs Class Two [Member]
Property, Plant and Equipment [Line Items]
Debt instrument term	15 years

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 236,303,310		$ 265,150,484
Available for sale securities, unrecognized holding gain	23,501,282		30,456,040
Available for sale securities, unrecognized holding loss	(516,989)		(949,845)
Available for sale securities, Estimated fair value	259,287,603		294,656,679
Available-for-sale securities, amortized cost basis	8,275,772		9,698,490
Available for Sale Securities - Estimated Fair Value	11,596,414		11,324,239
Mortgage loans on real estate and construction	277,306,046		249,343,936
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(918,586)		1,161,132
Mortgage loans on real estate and construction, allowance for losses	(1,699,902)		(2,005,127)
Mortgage loans on real estate and construction, Discount	(409,983)		(1,260,896)
Real estate held for investment, net of depreciation	197,365,797		131,684,453
Real estate held for sale	3,731,300		7,878,807
Policy loans	13,478,214		14,171,589
Insurance assignments	48,632,808		53,231,131
Federal home loan bank stock	2,547,100	[1]	2,506,600	[2]
Other investments	4,983,251		5,432,816
Allowance for doubtful accounts	(1,686,218)		(1,645,475)
Total policy loans and other investments	67,955,155		73,696,661
Accrued investment income	6,313,012		5,360,523
Total investments	823,555,327		773,945,298
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	918,586		(1,161,132)
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	22,307,736		42,381,805
Available for sale securities, unrecognized holding gain	578,567		1,358,562
Available for sale securities, unrecognized holding loss
Available for sale securities, Estimated fair value	22,886,303		43,740,367
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	4,649,917		5,383,762
Available for sale securities, unrecognized holding gain	212,803		312,214
Available for sale securities, unrecognized holding loss	(1,989)		(1,261)
Available for sale securities, Estimated fair value	4,860,731		5,694,715
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	174,711,061		186,067,912
Available for sale securities, unrecognized holding gain	21,791,370		27,216,496
Available for sale securities, unrecognized holding loss	(353,668)		(681,478)
Available for sale securities, Estimated fair value	196,148,763		212,602,930
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	34,365,382		31,047,791
Available for sale securities, unrecognized holding gain	905,159		1,565,377
Available for sale securities, unrecognized holding loss	(161,332)		(267,106)
Available for sale securities, Estimated fair value	35,109,209		32,346,062
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	269,214		269,214
Available for sale securities, unrecognized holding gain	13,383		3,391
Available for sale securities, unrecognized holding loss
Available for sale securities, Estimated fair value	282,597		272,605
Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	8,275,772		9,698,490
Available for sale securities, unrecognized holding gain	3,626,444		2,376,156
Available for sale securities, unrecognized holding gain	(305,802)		(750,407)
Available for Sale Securities - Estimated Fair Value	11,596,414		11,324,239
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	8,275,772
Available for sale securities, unrecognized holding gain	3,626,444
Available for sale securities, unrecognized holding gain	(305,802)
Available for Sale Securities - Estimated Fair Value	11,596,414
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	53,533,712		95,822,448
Real estate held for investment, net of depreciation	41,972,462		24,843,743
Real estate held for sale	1,190,602		3,478,254
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	175,117,783		111,111,777
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	51,683,022		46,836,866
Real estate held for investment, net of depreciation	155,393,335		106,840,710
Real estate held for sale	$ 2,540,698		4,400,553
Equity Securities 1 [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis			9,698,490
Available for sale securities, unrecognized holding gain			2,376,156
Available for sale securities, unrecognized holding gain			(750,407)
Available for Sale Securities - Estimated Fair Value			$ 11,324,239
[1]	Includes $ 905,700 1,641,400
[2]	Includes $ 866,900 1,639,700

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) (Parenthethical) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Membership [Member]
Short term investment	$ 905,700	$ 866,900
Activity Stock Due [Member]
Short term investment	$ 1,641,400	$ 1,639,700

Schedule of Fair Value of Fix_2

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	$ 148,448	$ 510,379
Available for Sale Securities, Unrealized Losses for Less than Twelve Months Fair Value	13,122,225	13,581,684
Available for Sale Securities, Unrealized Losses for More than Twelve Months	368,541	439,466
Available for Sale Securities, Unrealized Losses for More than Twelve Months Fair Value	5,354,617	2,644,987
Available for Sale Securities, Unrealized Losses	516,989	949,845
Available for Sale Securities, Fair Value	18,476,842	16,226,671
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	1,989	1,261
Available for Sale Securities, Unrealized Losses for Less than Twelve Months Fair Value	548,715	206,812
Available for Sale Securities, Unrealized Losses for More than Twelve Months
Available for Sale Securities, Unrealized Losses for More than Twelve Months Fair Value
Available for Sale Securities, Unrealized Losses	1,989	1,261
Available for Sale Securities, Fair Value	548,715	206,812
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	73,507	242,596
Available for Sale Securities, Unrealized Losses for Less than Twelve Months Fair Value	4,638,750	9,919,298
Available for Sale Securities, Unrealized Losses for More than Twelve Months	280,161	438,882
Available for Sale Securities, Unrealized Losses for More than Twelve Months Fair Value	3,771,813	2,593,026
Available for Sale Securities, Unrealized Losses	353,668	681,478
Available for Sale Securities, Fair Value	8,410,563	12,512,324
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	72,952	266,522
Available for Sale Securities, Unrealized Losses for Less than Twelve Months Fair Value	7,934,760	3,455,574
Available for Sale Securities, Unrealized Losses for More than Twelve Months	88,380	584
Available for Sale Securities, Unrealized Losses for More than Twelve Months Fair Value	1,582,804	51,961
Available for Sale Securities, Unrealized Losses	161,332	267,106
Available for Sale Securities, Fair Value	$ 9,517,564	$ 3,507,535

Schedule of Earnings on Fixed M

Schedule of Earnings on Fixed Maturity Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Balance of credit-related OTTI at January 1	$ 370,975
Securities not previously impaired	39,502	370,975
Securities previously impaired
Securities that matured or were sold during the period (realized)	(145,500)
Securities due to an increase in expected cash flows
Balance of credit-related OTTI at December 31	$ 264,977	$ 370,975

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Amortized cost	$ 236,303,310	$ 265,150,484
Estimated fair value	259,287,603	294,656,679
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	34,365,382	31,047,791
Estimated fair value	35,109,209	32,346,062
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Amortized cost	269,214	269,214
Estimated fair value	282,597	$ 272,605
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	68,966
Estimated fair value	70,024
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	62,958,696
Estimated fair value	65,605,915
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	70,740,783
Estimated fair value	77,346,448
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	67,900,269
Estimated fair value	$ 80,873,410

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net Investment Income [Line Items]
Gross realized gains	$ 208,698	$ 358,236
Gross realized losses	(4,046)	(21,137)
Other than temporary impairments	(39,502)	(370,975)
Total	6,225,632	1,554,875
Fixed Maturity Securities [Member]
Net Investment Income [Line Items]
Gross realized gains	984,740	445,749
Gross realized losses	(139,728)	(77,546)
Equity Securities One [Member]
Net Investment Income [Line Items]
Gains on securities sold	390,597	74,836
Unrealized gains on securities held at the end of the period	2,732,130	1,125,304
Other Assets One [Member]
Net Investment Income [Line Items]
Gross realized gains	4,786,535	2,342,418
Gross realized losses	$ (2,489,140)	$ (1,984,911)

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Proceeds from sales	$ 2,896,351	$ 5,477,438
Gross realized gains	208,698	358,236
Gross realized losses	(4,046)	(21,137)
Gross investment income	72,679,476	69,909,367
Investment expenses	(14,414,793)	(13,579,564)
Net investment income	58,264,683	56,329,803
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	10,769,979	12,233,394
Equity Securities 1 [Member]
Marketable Securities [Line Items]
Gross investment income	446,337	642,433
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	28,758,614	25,672,746
Real Estate 1 [Member]
Marketable Securities [Line Items]
Gross investment income	12,334,989	11,945,401
Policy Student And Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	940,890	1,025,179
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	19,062,052	17,837,578
Other Investments 1 [Member]
Marketable Securities [Line Items]
Gross investment income	131,145	126,013
Cash And Cash Equivalents 1 [Member]
Marketable Securities [Line Items]
Gross investment income	$ 235,470	$ 426,623

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Dec. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)ft²
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 197,365,797	$ 131,684,453
Real estate held for sale		3,731,300	7,878,807
Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 155,393,335	$ 106,840,710
Total square footage | ft²		727,392	485,428
Real estate held for sale		$ 2,540,698	$ 4,400,553
Total square footage | ft²		225,551	234,979
UTAH | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 150,105,948	$ 100,927,528
Total square footage | ft²	[1]	675,920	379,066
LOUISIANA | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,426,612	$ 2,998,684
Total square footage | ft²		31,778	84,841
Real estate held for sale		$ 389,145
Total square footage | ft²		2,872
MISSISSIPPI | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,860,775	$ 2,914,498
Total square footage | ft²		19,694	21,521
Real estate held for sale		$ 151,553	$ 151,553
Total square footage | ft²
MISSISSIPPI | Commercial Real Estate 1 [Member]
Net Investment Income [Line Items]
Total square footage | ft²			12,300
KANSAS | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		$ 2,000,000	$ 4,000,000
Total square footage | ft²		222,679	222,679
TEXAS | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale	[2]		$ 249,000
Total square footage | ft²	[2]
[1]	Includes Center53 phase 1 and phase 2
[2]	Approximately 93 acres of undeveloped land, in 2021, the existing building was removed

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Net Investment Income [Line Items]
Residential Real Estate Investment		$ 197,365,797	$ 131,684,453
Real Estate held for Sale		3,731,300	7,878,807
Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale		1,190,602	3,478,254
UTAH | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale			1,744,292
UTAH | Land Developments [Member]
Net Investment Income [Line Items]
Residential Real Estate Investment		41,479,434	23,777,478
Lots available for sale		67	36
Lots to be developed		548	350
NEVADA | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale		979,640	979,640
TEXAS | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale		200,962
OHIO | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale		10,000	10,000
FLORIDA | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real Estate held for Sale			744,322
Residential Real Estate [Member]
Net Investment Income [Line Items]
Residential Real Estate Investment		41,972,462	24,843,743
Residential Real Estate [Member] | UTAH
Net Investment Income [Line Items]
Residential Real Estate Investment	[1]	41,686,281	24,557,562
Residential Real Estate [Member] | WASHINGTON
Net Investment Income [Line Items]
Residential Real Estate Investment	[2]	$ 286,181	$ 286,181
[1]	Including subdivision land developments
[2]	Improved residential lots

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Dec. 31, 2021ft²
Mortgage Operations [Member]
Approximate square footage	221,000
Square footage occupied by the company	50.00%
Life Insurance Operations [Member]
Approximate square footage	19,694
Square footage occupied by the company	28.00%
Life Insurance Operations 1 [Member]
Approximate square footage	12,274	[1]
Square footage occupied by the company	100.00%	[1]
Life Insurance Sales [Member]
Approximate square footage	8,059	[1]
Square footage occupied by the company	100.00%	[1]
Life Insurance Sales 1 [Member]
Approximate square footage	1,560	[1]
Square footage occupied by the company	100.00%	[1]
Life Insurance Sales 2 [Member]
Approximate square footage	1,737	[1]
Square footage occupied by the company	100.00%	[1]
[1]	Included in property and equipment on the consolidated balance sheets

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		$ 2,005,127	$ 1,453,037
Allowance for credit losses, Charge-offs
Allowance for Credit Losses, Provision		(305,225)	552,090
Financing Receivable, Allowance for Credit Loss, Ending Balance		1,699,902	2,005,127
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		105,384	219,905
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		1,594,518	1,785,222
Mortgage loans		280,334,517	253,771,091
Financing Receivable, Individually Evaluated for Impairment		4,272,028	10,282,470
Financing Receivable, Collectively Evaluated for Impairment		2,760,162,489	243,488,621
Mortgage Loans during period		280,334,517	253,771,091
Mortgage Loans, Allowance for Loan Losses		(1,699,902)	(2,005,127)
Mortgage Loans, Unamortized deferred loan fees, net		(918,586)	(1,161,132)
Mortgage Loans, Unamortized discounts, net		(409,983)	(1,260,896)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		4,480,953	6,226,896
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		681,019	2,860,928
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,775,434	7,818,410
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	496,594	2,464,060
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		9,434,000	19,370,294
Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		270,900,517	234,400,797
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		277,306,046	249,343,936
Commercial Loan [Member]
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		187,129	187,129
Allowance for credit losses, Charge-offs
Allowance for Credit Losses, Provision
Financing Receivable, Allowance for Credit Loss, Ending Balance		187,129	187,129
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		187,129	187,129
Mortgage loans		51,683,022	46,836,866
Financing Receivable, Individually Evaluated for Impairment		1,723,372	2,148,827
Financing Receivable, Collectively Evaluated for Impairment		49,959,650	44,688,039
Mortgage Loans during period		51,683,022	46,836,866
Mortgage Loans, Allowance for Loan Losses		(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(36,813)	(32,557)
Mortgage Loans, Unamortized discounts, net		(240,614)	(880,721)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period			233,200
Commercial Loan [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		100,204	812,780
Commercial Loan [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,723,372	2,148,827
Commercial Loan [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]
Commercial Loan [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,823,576	3,194,807
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		49,859,446	43,642,059
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		51,218,466	45,736,459
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		1,774,796	1,222,706
Allowance for credit losses, Charge-offs
Allowance for Credit Losses, Provision		(305,225)	552,090
Financing Receivable, Allowance for Credit Loss, Ending Balance		1,469,571	1,774,796
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		105,384	219,905
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		1,364,187	1,554,891
Mortgage loans		53,533,712	111,111,777
Financing Receivable, Individually Evaluated for Impairment		2,548,656	7,932,680
Financing Receivable, Collectively Evaluated for Impairment		50,985,056	103,179,097
Mortgage Loans during period		53,533,712	95,822,448
Mortgage Loans, Allowance for Loan Losses		(1,469,571)	(1,774,796)
Mortgage Loans, Unamortized deferred loan fees, net		(498,600)	(909,864)
Mortgage Loans, Unamortized discounts, net		(169,369)	(380,175)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,117,826	5,866,505
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		580,815	2,048,148
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	2,052,062	5,669,583
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	496,594	2,263,097
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		6,247,297	15,847,333
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		47,286,415	79,975,115
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		51,396,172	92,757,613
Residential Construction [Member]
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		43,202	43,202
Allowance for credit losses, Charge-offs
Allowance for Credit Losses, Provision
Financing Receivable, Allowance for Credit Loss, Ending Balance		43,202	43,202
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment		43,202	43,202
Mortgage loans		175,117,783	95,822,448
Financing Receivable, Individually Evaluated for Impairment			200,963
Financing Receivable, Collectively Evaluated for Impairment		175,117,783	95,621,485
Mortgage Loans during period		175,117,783	111,111,777
Mortgage Loans, Allowance for Loan Losses		(43,202)	(43,202)
Mortgage Loans, Unamortized deferred loan fees, net		(383,173)	(218,711)
Mortgage Loans, Unamortized discounts, net
Residential Construction [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,363,127	127,191
Residential Construction [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Residential Construction [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]
Residential Construction [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]		200,963
Residential Construction [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,363,127	328,154
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		173,754,656	110,783,623
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		$ 174,691,408	$ 110,849,864
[1]	Interest income is not recognized on loans past due greater than 90 days or in foreclosure.

Schedule of Impaired Mortgage L

Schedule of Impaired Mortgage Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commercial Loan [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,723,372	$ 2,148,827
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,723,372	2,148,827
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,053,865	1,866,819
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
Impaired Financing Receivable, with Interest Income Recognized
Commercial Loan [Member] | Total [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,723,372	2,148,827
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,723,372	2,148,827
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,053,865	1,866,819
Impaired Financing Receivable, with Interest Income Recognized
Residential Mortgage [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,591,368	6,415,419
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,591,368	6,415,419
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,731,421	5,010,078
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment	957,288	1,517,261
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	957,288	1,517,261
Impaired Financing Receivable, Related Allowance	105,384	219,905
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	726,449	1,182,368
Impaired Financing Receivable, with Interest Income Recognized
Residential Mortgage [Member] | Total [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,548,656	7,932,680
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,548,656	7,932,680
Impaired Financing Receivable, Related Allowance	105,384	219,905
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	3,457,870	6,192,446
Impaired Financing Receivable, with Interest Income Recognized
Residential Construction [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		200,963
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		200,963
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	100,481	555,278
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
Impaired Financing Receivable, with Interest Income Recognized
Residential Construction [Member] | Total [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		200,963
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		200,963
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	100,481	555,278
Impaired Financing Receivable, with Interest Income Recognized

Schedule of Credit Risk of Mort

Schedule of Credit Risk of Mortgage Loans Based on Performance Status (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Mortgage loans	$ 280,334,517	$ 253,771,091
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	51,683,022	46,836,866
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	53,533,712	111,111,777
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	175,117,783	95,822,448
Performing Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	276,062,489	243,488,621
Performing Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	49,959,650	44,688,039
Performing Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	50,985,056	87,889,768
Performing Financing Receivable [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	175,117,783	110,910,814
Nonperforming Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	4,272,028	10,282,470
Nonperforming Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	1,723,372	2,148,827
Nonperforming Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	2,548,656	7,932,680
Nonperforming Financing Receivable [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans		200,963
Performing and Non-Performing [Member]
Marketable Securities [Line Items]
Mortgage loans	280,334,517	253,771,091
Performing and Non-Performing [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	51,683,022	46,836,866
Performing and Non-Performing [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	53,533,712	95,822,448
Performing and Non-Performing [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	$ 175,117,783	$ 111,111,777

Schedule of Mortgage loans Held

Schedule of Mortgage loans Held for Investment (Details)	Dec. 31, 2021USD ($)
Net Investment Income [Line Items]
Total	$ 280,334,517
Principal Amounts Due in 1 Year	170,169,796
Principal Amounts Due in 2-5 Year	61,200,063
Principal Amounts Due Thereafter	48,964,658
Residential Mortgage [Member]
Net Investment Income [Line Items]
Total	53,533,712
Principal Amounts Due in 1 Year	7,451,252
Principal Amounts Due in 2-5 Year	6,031,628
Principal Amounts Due Thereafter	40,050,832
Residential Construction [Member]
Net Investment Income [Line Items]
Total	175,117,783
Principal Amounts Due in 1 Year	145,711,262
Principal Amounts Due in 2-5 Year	29,406,521
Principal Amounts Due Thereafter
Commercial [Member]
Net Investment Income [Line Items]
Total	51,683,022
Principal Amounts Due in 1 Year	17,007,282
Principal Amounts Due in 2-5 Year	25,761,914
Principal Amounts Due Thereafter	$ 8,913,826

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net Investment Income [Line Items]
Average market value over amortized cost	97.30%	94.70%
Credit loss recognized	$ 39,502	$ 370,975
Maximum borrowing capacity	28,993,126
Remaining borrowing capacity	27,054,347
Net Investment Income	58,264,683	56,329,803
Securities deposit	101,681,853	9,684,409
Loans Payable to Bank	251,286,927	297,824,368
Nonperforming Financing Receivable	2,028,378	897,980
Impairment losses on residential real estate held for investment	$ 1,190,602	4,327,079
Loan Interest rate	7.00%
Interest not accrued on non-performing loans	$ 236,000	$ 491,000
UTAH
Net Investment Income [Line Items]
Loan Interest rate	70.00%	57.00%
FLORIDA
Net Investment Income [Line Items]
Loan Interest rate	7.00%	13.00%
CALIFORNIA
Net Investment Income [Line Items]
Loan Interest rate	5.00%	4.00%
TEXAS
Net Investment Income [Line Items]
Loan Interest rate	4.00%	9.00%
NEVADA
Net Investment Income [Line Items]
Loan Interest rate	4.00%	3.00%
ARIZONA
Net Investment Income [Line Items]
Loan Interest rate	2.00%	3.00%
Minimum [Member]
Net Investment Income [Line Items]
Loan Interest rate	2.00%
Maximum [Member]
Net Investment Income [Line Items]
Loan Interest rate	10.50%
Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Collateral for bank loans	$ 134,251,205	$ 71,517,902
Commercial Real Estate 1 [Member]
Net Investment Income [Line Items]
Loans Payable to Bank	85,663,148	46,153,283
Residential Real Estate [Member]
Net Investment Income [Line Items]
Foreclosed residential real estate included in residential real estate held for investment	0	43,394
Cemeteries and Mortuaries [Member]
Net Investment Income [Line Items]
Net Investment Income	1,472,295	$ 676,313
FHLB [Member]
Net Investment Income [Line Items]
Other borrowings	$ 0

Schedule of Aggregate Fair Valu

Schedule of Aggregate Fair Value - Loans Held for Sale (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Loans Held For Sale
Aggregate fair value	$ 302,776,827	$ 422,772,418
Unpaid principal balance	294,481,503	406,407,323
Unrealized gain	$ 8,295,324	$ 16,365,095

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Held For Sale
Loan fees	$ 37,723,433	$ 43,432,532
Interest income	9,385,469	10,628,581
Secondary gains	230,417,029	231,759,342
Change in fair value of loan commitments	(3,113,095)	7,637,377
Change in fair value of loans held for sale	(8,783,376)	10,413,492
Provision for loan loss reserve	(2,211,230)	(4,938,214)
Mortgage fee income	$ 263,418,230	$ 298,933,110

Schedule of Loan Loss Reserve I

Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Held For Sale
Balance, beginning of period	$ 20,583,618	$ 4,046,288
Provision for current loan originations (1)	2,211,230	4,938,214
Additional provision for loan loss reserve		16,506,030
Charge-offs, net of recaptured amounts	(20,347,709)	(4,906,914)
Balance, at December 31	$ 2,447,139	$ 20,583,618

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Held For Sale
Provision on current loan originations	$ 2,211,230	$ 4,938,214
Loan increase per point	$ 390	$ 890
Amount of loan increased, per point	$ 1,000,000	$ 1,000,000
Additional provision for loan loss reserve		$ 16,506,030

Schedule of Receivables (Detail

Schedule of Receivables (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Trade contracts	[1]	$ 5,298,636	$ 4,119,988	$ 2,778,879
Receivables from sales agents		2,360,807	2,677,774
Other		12,457,398	5,786,827
Total receivables		20,116,841	12,584,589
Allowance for doubtful accounts		(1,800,725)	(1,685,382)
Net receivables		$ 18,316,116	$ 10,899,207
[1]	Included in Receivables, net on the consolidated balance sheets

Schedule of Value of Business A

Schedule of Value of Business Acquired (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of year	$ 8,955,249	$ 9,876,647
Value of business acquired	586,840
Imputed interest at 7% included in earnings	613,028	670,565
Amortization included in earnings	(1,728,157)	(1,457,390)
Shadow amortization included in other comprehensive income	(5,528)	(134,573)
Net amortization	(1,120,657)	(921,398)
Balance at end of year	$ 8,421,432	$ 8,955,249

Schedule of Value of Business_2

Schedule of Value of Business Acquired (Details) (Parenthethical)	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Debt instrument, interest rate, stated percentage	7.00%

Schedule of Carrying Value of I

Schedule of Carrying Value of Intangible Asset (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, accumulated amortization		$ (297,333)	$ (197,334)
Finite-lived intangible assets, net		$ 3,512,667	1,302,666
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Finite-lived intangible assets, gross	[1]	$ 2,100,000
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Finite-lived intangible assets, gross		$ 890,000	890,000
Trade Names Two [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	[2]	15 years
Finite-lived intangible assets, gross	[2]	$ 610,000	610,000
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	[1]	15 years
Finite-lived intangible assets, gross	[1]	$ 210,000
[1]	See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens
[2]	Kilpatrick Life

Schedule of Goodwill by Segment

Schedule of Goodwill by Segment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Indefinite-lived Intangible Assets [Line Items]
Goodwill, gross	$ 5,253,783	$ 3,519,588		$ 3,519,588
Accumulated impairment
Total goodwill, net	5,253,783	3,519,588		3,519,588
Acquisition		1,734,195
Life Insurance [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, gross	2,765,570	2,765,570		2,765,570
Accumulated impairment
Total goodwill, net	2,765,570	2,765,570		2,765,570
Acquisition
Cemetery/Mortuary [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, gross	2,488,213	754,018		754,018
Accumulated impairment
Total goodwill, net	$ 2,488,213	754,018		754,018
Acquisition		$ 1,734,195	[1]
[1]	See Note 20 regarding the acquisition of Rivera Funerals, Cremations and Memorial Gardens and Holbrook Mortuary

Value of Business Acquired, I_3

Value of Business Acquired, Intangible Assets and Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	$ (1,120,657)	$ (921,398)
Weighted average amortization period	5 years 10 months 24 days
Year 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	$ 1,059,000
Year 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	972,000
Year 2024 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	893,000
Year 2025 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	810,000
Year 2026 and 2027 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of business acquired - net amortization charged to income	$ 753,000

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 41,331,708	$ 31,652,484
Less accumulated depreciation	(19,814,110)	(19,179,139)
Total	21,517,598	12,473,345
Land and Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	16,532,593	11,972,802
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 24,799,115	$ 19,679,682

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 1,935,613	$ 2,078,738
Property, Plant and Equipment, Gross	41,331,708	31,652,484
Transfer of cemetery land and improvements to property and equipment		1,516,700
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,640,755	1,723,000
Accumulated depreciation	$ 532,074	$ 0

Summary of Bank Loans Payable (

Summary of Bank Loans Payable (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total bank and other loans		$ 251,286,927	$ 297,824,368
Finance lease liabilities		62,767	104,951
Current Installment		164,747,672	284,250,996
Bank and other loans, excluding current installments		86,539,255	13,573,372
Note Payable 1 [Member]
Debt Instrument [Line Items]
Total bank and other loans			633,890
Note Payable 2 [Member]
Debt Instrument [Line Items]
Total bank and other loans		2,481,878	3,257,113
Note Payable 3 [Member]
Debt Instrument [Line Items]
Total bank and other loans		1,825,608	1,861,920
Note Payable 4 [Member]
Debt Instrument [Line Items]
Total bank and other loans		34,547,181
Note Payable 5 [Member]
Debt Instrument [Line Items]
Total bank and other loans			35,091,364
Note Payable 6 [Member]
Debt Instrument [Line Items]
Total bank and other loans		40,090,359
Note Payable 7 [Member]
Debt Instrument [Line Items]
Total bank and other loans		9,200,000	9,200,000
Note Payable 8 [Member]
Debt Instrument [Line Items]
Total bank and other loans		66,305,025	116,598,834
Note Payable 9 [Member]
Debt Instrument [Line Items]
Total bank and other loans		50,555,909	68,766,572
Note Payable 10 [Member]
Debt Instrument [Line Items]
Total bank and other loans		43,196,986	60,715,374
Note Payable 11 [Member]
Debt Instrument [Line Items]
Total bank and other loans		1,764,386
Note Payable 12 [Member]
Debt Instrument [Line Items]
Total bank and other loans			317,582
Other Short-term Borrowings [Member]
Debt Instrument [Line Items]
Total bank and other loans	[1]	1,250,000	1,250,000
Other Loans Payable [Member]
Debt Instrument [Line Items]
Total bank and other loans		$ 6,828	$ 26,768
[1]	Revolving Line of Credit

Summary of Bank Loans Payable_2

Summary of Bank Loans Payable (Details) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Debt instrument interest rate	7.00%
Note Payable 1 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.27%	4.27%
Debt instrument principal amount	$ 53,881	$ 53,881
Note Payable 2 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 75,108	$ 75,108
Note Payable 3 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.329%	4.329%
Debt instrument principal amount	$ 9,775	$ 9,775
Debt instrument, book value	$ 3,103,000	$ 3,103,000
Note Payable 4 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.00%	4.00%
Debt instrument, book value	$ 64,730,000	$ 64,730,000
Debt instrument basis spread variable rate	1.00%	1.00%
Debt instrument basis spread variable rate	3.00%	3.00%
Note Payable 5 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 113,000	$ 113,000
Debt instrument, book value	$ 49,118,000	$ 49,118,000
Debt instrument basis spread variable rate	2.50%	2.50%
Note Payable 6 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	330.00%	330.00%
Debt instrument principal amount	$ 179,562	$ 179,562
Debt instrument, book value	$ 49,118,000	$ 49,118,000
Note Payable 7 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	478.65%	478.65%
Debt instrument, book value	$ 17,301,000	$ 17,301,000
Note Payable 8 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 100,000,000	$ 100,000,000
Debt instrument basis spread variable rate	2.10%	2.10%
Note Payable 9 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 100,000,000	$ 100,000,000
Debt instrument basis spread variable rate	2.00%	2.00%
Note Payable 10 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 75,000,000	$ 75,000,000
Debt instrument basis spread variable rate	2.15%	2.15%
Note Payable 11 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 100,000,000	$ 100,000,000
Debt instrument basis spread variable rate	2.00%	2.00%
Note Payable 12 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 5,000,000	$ 5,000,000
Debt instrument basis spread variable rate	2.50%	2.50%

Schedule of Combined Maturities

Schedule of Combined Maturities of Bank Loans Payable, Lines of Credit and Notes and Contracts Payable (Details)	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	$ 251,286,927
Due in year 1 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	164,747,672
Due in Year 2 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	1,745,541
Due in Year 3 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	36,333,278
Due in Year 4 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	2,512,683
Due in Year 5 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	735,981
DueThereafter [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	$ 45,211,772

Bank and Other Loans Payable (D

Bank and Other Loans Payable (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	$ 28,993,126
Investment	823,555,327	$ 773,945,298
Interest expense	7,127,516	8,578,810
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	7,290,867	8,385,270
Mortgage Warehouse Line of Credit 1 [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 100,000,000
Maturity date	Jun. 9, 2022
Debt instrument basis spread variable rate	210.00%
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 9, 2022. 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 $1.00.
Line of credit, indebtedness	0.0100
Mortgage Warehouse Line of Credit Two [Member]
Line of Credit Facility [Line Items]
Maturity date	Aug. 9, 2022
Debt instrument basis spread variable rate	200.00%
Line of credit, indebtedness	0.0100
Mortgage Warehouse Line of Credit Three [Member]
Line of Credit Facility [Line Items]
Maturity date	May 27, 2022
Debt instrument basis spread variable rate	215.00%
Line of credit, indebtedness	0.0100
Mortgage Warehouse Line of Credit Four [Member]
Line of Credit Facility [Line Items]
Maturity date	Jun. 4, 2022
Debt instrument basis spread variable rate	200.00%
Line of credit, indebtedness	0.0100
Kilpatrick Life Insurance Company [Member]
Line of Credit Facility [Line Items]
Investment	$ 1,720,300	1,720,300
Maximum [Member] | Mortgage Warehouse Line of Credit Three [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	75,000,000
Maximum [Member] | Mortgage Warehouse Line of Credit Four [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	100,000,000
FHLB [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	19,259,722	39,102,336
Mortage property, fair value	20,244,900	40,729,400
Line of credit	0	0
Investment	826,800	786,300
FHLB [Member] | Kilpatrick Life Insurance Company [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	7,794,625	0
Mortage property, fair value	8,774,352	0
Line of credit	0	$ 0
FHLB [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Mortage property, fair value	443,758
Bank [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	2,000,000
Mortage property, fair value	941,711
Line of credit	$ 0
Maturity date	Dec. 31, 2022
Bank 1 [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	$ 2,500,000
Line of credit	$ 1,250,000
Maturity date	Dec. 31, 2022
Debt instrument basis spread variable rate	2.25%
Bank 1 [Member] | Maximum [Member] | Mortgage Warehouse Line of Credit Two [Member]
Line of Credit Facility [Line Items]
Line of credit, maximum borrowing	$ 100,000,000

Schedule of The Components of T

Schedule of The Components of The Cemetery Perpetual Care Obligation (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash and cash equivalents	$ 141,414,282	$ 115,465,086	$ 137,735,673
Real estate held for investment	3,731,300	7,878,807
Total cemetery perpetual care trust investments	7,835,721	6,413,167
Total investments	823,555,327	773,945,298
Cemetery Perpectual Care Oblication [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash and cash equivalents	1,059,519	402,913
Fixed maturity securities, available for sale, at estimated fair value	784,765	747,767
Equity securities, at estimated fair value	3,302,480	2,062,303
Participating interests in residential construction mortgage loans held for investment with Security National Life	1,823,533	1,468,600
Real estate held for investment	865,424	1,731,584
Total cemetery perpetual care trust investments	7,835,721	6,413,167
Cemetery perpetual care obligation	(4,915,285)	(4,087,704)
Total investments	$ 2,920,436	$ 2,325,463

Schedule of Restricted Assets i

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash and cash equivalents (1)		$ 141,414,282	$ 115,465,086	$ 137,735,673
Total		16,938,122	16,150,036
Restricted Assets [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash and cash equivalents (1)	[1]	9,000,293	8,842,744
Fixed maturity securities, available for sale, at estimated fair value		1,601,688	1,473,637
Equity securities, at estimated fair value		3,603,822	2,515,778
Participating interests in mortgage loans held for investment with Security National Life		2,732,319	3,317,877
Total		$ 16,938,122	$ 16,150,036
[1]	Including cash and cash equivalents of $ 7,869,295 852,499

Schedule of Restricted Assets_2

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) (Parenthetical) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 141,414,282	$ 115,465,086	$ 137,735,673
Security National Life Insurance [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 7,869,295	$ 852,499

Cemetery Perpetual Care Trust_3

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)
Security National Life Insurance [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Proceeds from Sale and Collection of Notes Receivable	$ 4,000,000

Summary of Income Tax Liability

Summary of Income Tax Liability (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current	$ (1,558,687)	$ 2,595,877
Deferred	32,594,783	22,662,923
Total	$ 31,036,096	$ 25,258,800

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Future policy benefits	$ (13,015,255)	$ (12,657,045)
Loan loss reserve	(636,256)	(5,352,942)
Unearned premium	(642,755)	(699,011)
Net operating loss	(898,029)	(334,085)
Deferred compensation	(2,750,406)	(2,833,298)
Deposit obligations	(635,878)	(610,041)
Other	(1,712,895)	(1,269,533)
Less: Valuation allowance	882,535	961,920
Total deferred tax assets	(19,408,939)	(22,794,035)
Liabilities
Deferred policy acquisition costs	17,166,200	16,430,001
Basis difference in property, equipment and real estate	9,247,242	5,312,787
Value of business acquired	1,768,501	1,880,602
Deferred gains	15,598,360	12,124,226
Trusts	1,064,387	1,064,387
Tax on unrealized appreciation	7,159,032	8,644,955
Total deferred tax liabilities	52,003,722	45,456,958
Net deferred tax liability	$ 32,594,783	$ 22,662,923

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current
Federal	$ 629,921	$ 10,678,612
State	343,428	2,320,233
Total Current Income Tax Expense (Benefit)	973,349	12,998,845
Deferred
Federal	9,832,556	2,677,943
State	1,475,880	176,726
Total Deferred Income Tax Expense (Benefit)	11,308,436	2,854,669
Total	$ 12,281,785	$ 15,853,514

Schedule of Effective Income Ta

Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Computed expense at statutory rate	$ 10,878,163	$ 15,004,527
State tax expense, net of federal tax benefit	1,437,255	1,972,598
Change in valuation allowance	(79,385)	(1,477,474)
Other, net	45,752	353,863
Total	$ 12,281,785	$ 15,853,514

Summary of Operating Loss Carry

Summary of Operating Loss Carryforwards (Details)	Dec. 31, 2021USD ($)
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	$ 3,980,445
Year of Expiration 2022 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards
Year of Expiration 2023 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards
Year of Expiration 2024 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards
Year of Expiration 2025 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards
Year of Expiration 2026 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards
Year of Expiration Thereafter up through 2037 [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	1,237,784
Indefinite Carryforwards [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	$ 2,742,661

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	23.70%	22.20%
Federal statutory income tax rate, percent	21.00%

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Reinsurance payable	$ 100,000	$ 25,000
Assumed insurance	129,000,000	96,000,000
Other liabilities and accrued expenses	2,447,000	$ 20,584,000
Other commitments	329,903,000
Payment for other liabilities	$ 179,674,000
Loan Interest rate	7.00%
Minimum [Member]
Loss Contingencies [Line Items]
Loan Interest rate	2.00%
Maximum [Member]
Loss Contingencies [Line Items]
Loan Interest rate	10.50%
Loans [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	50.00%
Loan Interest rate	5.50%
Loans [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	80.00%
Loan Interest rate	8.00%

Retirement Plans (Details Narra

Retirement Plans (Details Narrative) - Employee Stock Ownership Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax contributions	$ 19,500	$ 19,500
Employees stock ownership plan description		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.
Contribution to plan	2,820,315	$ 1,690,568
Compensation expenses	900,000	900,000
Present value of anticipated benefits	$ 7,556,363	6,656,363
Retirement description	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
Retirement compensation	$ 267,685
Payment to retirement compensation	133,843	133,843
Accrued liability of retirement plan	$ 535,370	$ 669,212
Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employees stock ownership plan description		Effective December 4, 2018, the Board members approved a motion to extend the Chief Executive Officer’s employment agreement, dated December 4, 2012, for an additional four-year term ending December 2022. In the event of disability, the Chief Executive Officer’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 the Chief Executive Officer is not retained in his current position, the Company would be obligated to continue paying the Chief Executive Officer’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that the Chief Executive Officer 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.

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	16,595,783	16,107,779
Exercise of stock options	160,282	68,970
Stock dividends	837,410	405,210
Conversion of Class C to Class A	49,247	13,824
Common Stock, Shares, Outstanding	17,642,722	16,595,783
Common Class C [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	2,679,603	2,500,887
Exercise of stock options	104,656	130,820
Stock dividends	131,553	61,720
Conversion of Class C to Class A	(49,247)	(13,824)
Common Stock, Shares, Outstanding	2,866,565	2,679,603

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net earnings		$ 39,518,990	$ 55,596,613
Denominator:
Denominator for basic earnings per share-weighted-average shares	[1]	20,154,878	19,788,984
Employee stock options		774,206	465,423
Dilutive potential common shares		774,206	465,423
shares and assumed conversions		20,929,084	20,254,407
Basic earnings per share	[1]	$ 1.96	$ 2.81
Diluted earnings per share	[1]	$ 1.89	$ 2.74
[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.

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock voting rights	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.
Stockholders dividends descriptions	Stockholders of both Class A and Class C common stock have received 5% stock dividends in the years 1990 through 2019, a 7.5% stock dividend in the year 2020, and a 5% stock dividend in the year 2021, as authorized by the Company’s Board of Directors.
Share-based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	50,000	0
Common Class B [Member]
Class of Stock [Line Items]
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

Schedule of Assumptions Used (D

Schedule of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2021$ / shares
All Plans December 3, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 2.99
Expected Dividend Yield	5.00%	[1]
Underlying stock FMV	$ 8.62
Weighted Average Volatility	36.50%
Weighted Average Risk Free Interest Rate	1.15%
Weighted Average Expected Life (Term)	5 years 3 months 21 days
All Plans March 27, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 0.65
Expected Dividend Yield	5.00%	[1]
Underlying stock FMV	$ 3.76
Weighted Average Volatility	32.29%
Weighted Average Risk Free Interest Rate	1.64%
Weighted Average Expected Life (Term)	4 years 9 months 25 days
[1]	Stock dividend

Schedule of Activity of Stock O

Schedule of Activity of Stock Option Plans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, outstanding, beginning		1,072,863	1,086,053
Weighted average exercise price, outstanding, beginning		$ 4.12	$ 4.20
Number of Shares, adjustment for effect of stock dividends		47,594	27,968
Number of shares, granted		89,500	77,000
Number of shares, exercised		(183,935)	(116,487)
Number of shares, cancelled		(1,671)	(1,671)
Weighted average exercise price, outstanding, ending		$ 4.61	$ 4.12
Number of shares, outstanding, ending		1,024,351	1,072,863
Number of shares, options exercisable		934,851
Weighted average exercise price, options exercisable		$ 4.23
Number of shares, available options for future grant		232,376
Weighted average contractual term of options outstanding		4 years 6 months 14 days
Weighted average contractual term of options exercisable		4 years 10 days
Aggregated intrinsic value of options outstanding	[1]	$ 4,700,708
Aggregated intrinsic value of options exercisable	[1]	$ 4,648,798
Common Class C [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, outstanding, beginning		662,666	594,132
Weighted average exercise price, outstanding, beginning		$ 4.50	$ 5.10
Number of Shares, adjustment for effect of stock dividends		33,136	19,354
Number of shares, granted		230,000	180,000
Number of shares, exercised		(104,656)	(130,820)
Number of shares, cancelled
Weighted average exercise price, outstanding, ending		$ 5.48	$ 4.50
Number of shares, outstanding, ending		821,146	662,666
Number of shares, options exercisable		591,146
Weighted average exercise price, options exercisable		$ 4.26
Number of shares, available options for future grant		16,689
Weighted average contractual term of options outstanding		7 years 2 months 26 days
Weighted average contractual term of options exercisable		6 years 7 months 13 days
Aggregated intrinsic value of options outstanding	[1]	$ 3,009,168
Aggregated intrinsic value of options exercisable	[1]	$ 2,918,768
[1]	The Company used a stock price of $ 9.20

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical)	Dec. 31, 2021$ / shares
Share-based Payment Arrangement [Abstract]
Stock price	$ 9.20

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares based compensation expenses	$ 118,384	$ 358,878
Total unrecognized compensation expense	875,735
Intrinsic value stock options exercised	1,153,417	663,901
Option Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares based compensation expenses	$ 118,384	$ 358,878

Schedule of Statutory Accountin

Schedule of Statutory Accounting Practices (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	$ 7,487,607	$ 8,417,824
Statutory capital and surplus, balance	82,812,168	78,493,142
Security National Life Insurance [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	5,552,116	6,054,764
Statutory capital and surplus, balance	57,424,808	53,089,185
Kilpatrick Life Insurance Company [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	1,312,718	1,574,128
Statutory capital and surplus, balance	15,566,231	15,177,996
First Guaranty Insurance Company [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	624,550	790,221
Statutory capital and surplus, balance	7,734,357	7,045,644
Memorial Insurance Company of America [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	37	55
Statutory capital and surplus, balance		1,088,034
Southern Security Life Insurance Company Inc [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	275	183
Statutory capital and surplus, balance	1,578,225	1,581,647
Trans-Western Life Insurance Company [Member]
Liability for Catastrophe Claims [Line Items]
Statutory net income amount	(2,089)	(1,527)
Statutory capital and surplus, balance	$ 508,547	$ 510,636

Statutory Financial Informati_3

Statutory Financial Information and Dividend Limitations (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
Liability for Catastrophe Claims [Line Items]
Cash dividend paid	$ 5,054,000
First Guaranty Insurance Company [Member]
Liability for Catastrophe Claims [Line Items]
Cash dividend paid	605,000
Kilpatrick Life Insurance Company [Member]
Liability for Catastrophe Claims [Line Items]
Cash dividend paid	$ 950,000

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Gains on investments and other assets	$ 6,265,134	$ 1,925,850
Other revenues	18,535,111	11,317,482
Net investment income	58,264,683	56,329,803
Total revenues	470,695,542	481,463,322
Commissions	118,286,469	124,426,297
Advertising	6,626,418	5,380,896
Rent and rent related	7,242,287	6,873,561
Costs related to funding mortgage loans	10,541,570	9,877,700
Cost of goods and services sold - cemeteries and mortuaries	3,704,014	3,252,655
Earnings before income taxes	51,800,775	71,450,127
Income tax benefit (expense)	12,281,785	15,853,514
Net Earnings (Loss)	39,518,990	55,596,613
Goodwill	5,253,783	3,519,588	$ 3,519,588
Life Insurance Segments [Member]
Segment Reporting Information [Line Items]
Revenue from customers	100,254,573	93,020,617
Net investment income	56,091,725	54,811,486
Gains on investments and other assets	4,554,528	2,088,541
Other than temporary impairments	(39,502)	(370,975)
Other revenues	2,152,531	1,491,585
Net investment income	7,569,875	8,022,503
Total revenues	170,583,730	159,063,757
Death, surrenders and other policy benefits	67,218,455	62,841,360
Increase in future policy benefits	26,263,312	23,568,650
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	15,611,374	13,618,204
Commissions	3,514,498	4,149,241
Personnel	25,009,096	25,449,100
Advertising	1,160,640	614,114
Rent and rent related	733,726	861,602
Depreciation on property and equipment	806,543	843,335
Provision for loan loss reserve
Costs related to funding mortgage loans
Intersegment	497,113	621,161
Other	12,075,374	11,808,818
Intersegment	392,003	410,024
Other	2,328,868	2,354,760
Cost of goods and services sold - cemeteries and mortuaries
Total benefits and expenses	155,611,002	147,140,369
Earnings before income taxes	14,972,728	11,923,388
Income tax benefit (expense)	(2,943,715)	(1,433,901)
Net Earnings (Loss)	12,029,013	10,489,487
Identifiable Assets	1,236,406,557	1,171,158,235
Goodwill	2,765,570	2,765,570
Cemetery and Mortuary [Member]
Segment Reporting Information [Line Items]
Revenue from customers	23,997,313	20,307,435
Net investment income	1,653,940	807,695
Gains on investments and other assets	1,511,965	(162,652)
Other than temporary impairments
Other revenues	100,255	94,349
Net investment income	314,001	351,505
Total revenues	27,577,474	21,398,332
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	531,596	689,221
Commissions	1,917,899	1,506,320
Personnel	6,850,617	5,669,367
Advertising	570,924	391,836
Rent and rent related	109,318	89,253
Depreciation on property and equipment	479,005	488,570
Provision for loan loss reserve
Costs related to funding mortgage loans
Intersegment	113,062	142,999
Other	5,224,178	4,417,805
Intersegment	97,195	152,175
Other	54,620	198,968
Cost of goods and services sold - cemeteries and mortuaries	3,704,014	3,252,655
Total benefits and expenses	19,652,428	16,999,169
Earnings before income taxes	7,925,046	4,399,163
Income tax benefit (expense)	(1,975,787)	(1,009,137)
Net Earnings (Loss)	5,949,259	3,390,026
Identifiable Assets	73,432,116	56,335,498
Goodwill	2,488,213	754,018
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenue from customers	263,418,230	298,933,110
Net investment income	519,018	710,622
Gains on investments and other assets	198,641	(39)
Other than temporary impairments
Other revenues	16,282,325	9,731,548
Net investment income	599,115	716,240
Total revenues	281,017,329	310,091,481
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
Commissions	112,854,072	118,770,736
Personnel	68,880,448	53,871,504
Advertising	4,894,854	4,374,946
Rent and rent related	6,399,243	5,922,706
Depreciation on property and equipment	650,065	746,833
Provision for loan loss reserve		16,506,030
Costs related to funding mortgage loans	10,541,570	9,877,700
Intersegment	671,107	580,976
Other	35,766,430	31,104,479
Intersegment	6,712,511	7,182,913
Other	4,744,028	6,025,082
Cost of goods and services sold - cemeteries and mortuaries
Total benefits and expenses	252,114,328	254,963,905
Earnings before income taxes	28,903,001	55,127,576
Income tax benefit (expense)	(7,362,283)	(13,410,476)
Net Earnings (Loss)	21,540,718	41,717,100
Identifiable Assets	328,600,841	408,325,196
Goodwill
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from customers
Net investment income
Gains on investments and other assets
Other than temporary impairments
Other revenues
Net investment income	(8,482,991)	(9,090,248)
Total revenues	(8,482,991)	(9,090,248)
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
Commissions
Personnel
Advertising
Rent and rent related
Depreciation on property and equipment
Provision for loan loss reserve
Costs related to funding mortgage loans
Intersegment	(1,281,282)	(1,345,136)
Other
Intersegment	(7,201,709)	(7,745,112)
Other
Cost of goods and services sold - cemeteries and mortuaries
Total benefits and expenses	(8,482,991)	(9,090,248)
Earnings before income taxes
Income tax benefit (expense)
Net Earnings (Loss)
Identifiable Assets	(96,099,992)	(90,398,039)
Goodwill
Consolidated [Member]
Segment Reporting Information [Line Items]
Revenue from customers	387,670,116	412,261,162
Net investment income	58,264,683	56,329,803
Gains on investments and other assets	6,265,134	1,925,850
Other than temporary impairments	(39,502)	(370,975)
Other revenues	18,535,111	11,317,482
Net investment income
Total revenues	470,695,542	481,463,322
Death, surrenders and other policy benefits	67,218,455	62,841,360
Increase in future policy benefits	26,263,312	23,568,650
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	16,142,970	14,307,425
Commissions	118,286,469	124,426,297
Personnel	100,740,161	84,989,971
Advertising	6,626,418	5,380,896
Rent and rent related	7,242,287	6,873,561
Depreciation on property and equipment	1,935,613	2,078,738
Provision for loan loss reserve		16,506,030
Costs related to funding mortgage loans	10,541,570	9,877,700
Intersegment
Other	53,065,982	47,331,102
Intersegment
Other	7,127,516	8,578,810
Cost of goods and services sold - cemeteries and mortuaries	3,704,014	3,252,655
Total benefits and expenses	418,894,767	410,013,195
Earnings before income taxes	51,800,775	71,450,127
Income tax benefit (expense)	(12,281,785)	(15,853,514)
Net Earnings (Loss)	39,518,990	55,596,613
Identifiable Assets	1,542,339,522	1,545,420,890
Goodwill	$ 5,253,783	$ 3,519,588

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)		Dec. 31, 2021		Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020)		$ 259,287,603		$ 294,656,679
Equity securities		11,596,414		11,324,239
Loans held for sale		302,776,827		422,772,418
Restricted assets		1,601,688	[1]	1,473,637	[2]
Restricted assets		3,603,822	[3]	2,515,778	[4]
Cemetery perpetual care trust investments		784,765	[1]	747,767	[2]
Cemetery perpetual care trust investments		3,302,480	[3]	2,062,303	[4]
Derivatives - loan commitments		8,563,410	[5]	12,592,672	[6]
Total assets accounted for at fair value on a recurring basis		591,517,009		748,145,493
Derivatives - call options		(50,936)	[7]	(43,097)	[8]
Derivatives - put options	[7]	(4,493)
Derivatives - loan commitments		(1,547,895)	[7]	(2,464,062)	[8]
Total liabilities accounted for at fair value on a recurring basis		(1,603,324)		(2,507,159)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020)
Equity securities		11,596,414		11,324,239
Loans held for sale
Restricted assets			[1]		[2]
Restricted assets		3,603,822	[3]	2,515,778	[4]
Cemetery perpetual care trust investments			[1]		[2]
Cemetery perpetual care trust investments		3,302,480	[3]	2,062,303	[4]
Derivatives - loan commitments			[5]		[6]
Total assets accounted for at fair value on a recurring basis		18,502,716		15,902,320
Derivatives - call options		(50,936)	[7]	(43,097)	[8]
Derivatives - put options	[7]	(4,493)
Derivatives - loan commitments			[7]		[8]
Total liabilities accounted for at fair value on a recurring basis		(55,429)		(43,097)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020)		257,264,255		292,455,504
Equity securities
Loans held for sale
Restricted assets		1,601,688	[1]	1,473,637	[2]
Restricted assets			[3]		[4]
Cemetery perpetual care trust investments		784,765	[1]	747,767	[2]
Cemetery perpetual care trust investments			[3]		[4]
Derivatives - loan commitments			[5]		[6]
Total assets accounted for at fair value on a recurring basis		259,650,708		294,676,908
Derivatives - call options			[7]		[8]
Derivatives - put options	[7]
Derivatives - loan commitments			[7]		[8]
Total liabilities accounted for at fair value on a recurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $236,303,310 and $265,150,484 for 2021 and 2020)		2,023,348		2,201,175
Equity securities
Loans held for sale		302,776,827		422,772,418
Restricted assets			[1]		[2]
Restricted assets			[3]		[4]
Cemetery perpetual care trust investments			[1]		[2]
Cemetery perpetual care trust investments			[3]		[4]
Derivatives - loan commitments		8,563,410	[5]	12,592,672	[6]
Total assets accounted for at fair value on a recurring basis		313,363,585		437,566,265
Derivatives - call options			[7]		[8]
Derivatives - put options	[7]
Derivatives - loan commitments		(1,547,895)	[7]	(2,464,062)	[8]
Total liabilities accounted for at fair value on a recurring basis		$ (1,547,895)		$ (2,464,062)
[1]	Fixed maturity securities available for sale
[2]	Fixed maturity securities available for sale
[3]	Equity securities
[4]	Equity securities
[5]	Included in other assets on the consolidated balance sheets
[6]	Included in other assets on the consolidated balance sheets
[7]	Included in other liabilities and accrued expenses on the consolidated balance sheets
[8]	Included in other liabilities and accrued expenses on the consolidated balance sheets

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on A Recurring Basis (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	$ 302,776,827	$ 422,772,418	$ 213,457,632
Fair value measurement, range of inputs, minimum value	95.00%	99.00%
Fair value measurement, range of inputs, minimum value	109.00%	110.00%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	103.00%	104.00%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	$ 7,015,515	$ 10,128,610	2,491,233
Fair value measurement, range of inputs, minimum value	66.00%	52.00%
Fair value measurement, range of inputs, minimum value	95.00%	92.00%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	81.00%	81.00%
Fixed Maturity Securities Available For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	$ 2,023,348	$ 2,201,175	$ 3,216,382
Fair value measurement, range of inputs, minimum value	96.87%	90.83%
Fair value measurement, range of inputs, minimum value	111.11%	119.33%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	106.73%	113.47%

Schedule of Changes in the Cons

Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	$ 10,128,610		$ 2,491,233
Originations and purchases
Sales, maturities and paydowns
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings	(3,113,095)	[1]	7,637,377	[2]
Total gains (losses) included in other comprehensive income
Fair value balance	7,015,515		10,128,610
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	422,772,418		213,457,632
Originations and purchases	5,611,189,587		5,627,013,749
Sales, maturities and paydowns	(5,900,076,766)		(5,600,045,285)
Transfer to mortgage loans held for investment	(201,951)		(16,960,549)
Total gains (losses) included in earnings	169,093,539	[1]	199,306,871	[2]
Total gains (losses) included in other comprehensive income
Fair value balance	302,776,827		422,772,418
Fixed Maturity Securities Available For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance	2,201,175		3,216,382
Originations and purchases
Sales, maturities and paydowns	(45,700)		(1,042,400)
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings	3,674	[3]	3,408	[4]
Total gains (losses) included in other comprehensive income	(135,801)		23,785
Fair value balance	$ 2,023,348		$ 2,201,175
[1]	As a component of mortgage fee income on the consolidated statements of earnings
[2]	As a component of mortgage fee income on the consolidated statements of earnings
[3]	As a component of net investment income on the consolidated statements of earnings
[4]	As a component of net investment income on the consolidated statements of earnings

Schedule of Fair Value Assets M

Schedule of Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 851,903	$ 1,297,356
Impaired real estate held for investment	2,000,000	4,249,000
Assets fair value disclosure nonrecurring	2,851,903	5,546,356
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment
Impaired real estate held for investment
Assets fair value disclosure nonrecurring
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment
Impaired real estate held for investment
Assets fair value disclosure nonrecurring
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	851,903	1,297,356
Impaired real estate held for investment	2,000,000	4,249,000
Assets fair value disclosure nonrecurring	$ 2,851,903	$ 5,546,356

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Dec. 31, 2021		Dec. 31, 2020
Residential Mortgage [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	$ 51,396,172		$ 92,757,613
Estimated carrying value	55,159,167		100,384,283
Residential Mortgage [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	55,159,167		100,384,283
Residential Construction [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	174,691,408		110,849,864
Estimated carrying value	174,691,408		110,849,864
Residential Construction [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Residential Construction [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	174,691,408		110,849,864
Commercial Loan [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	51,218,466		45,736,459
Estimated carrying value	51,008,709		45,259,425
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	51,008,709		45,259,425
Mortgage Loans Net [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	277,306,046		249,343,936
Estimated carrying value	280,859,284		256,493,572
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	280,859,284		256,493,572
Policy Loan [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	13,478,214		14,171,589
Estimated carrying value	13,478,214		14,171,589
Policy Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Policy Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Policy Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	13,478,214		14,171,589
Insurance Assignments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	46,946,590	[1]	51,585,656	[2]
Estimated carrying value	46,946,590	[1]	51,585,656	[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	46,946,590	[1]	51,585,656	[2]
Restricted Assets 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	2,732,320	[3]	3,317,877	[4]
Estimated carrying value	2,732,320	[3]	3,317,877	[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[3]		[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[3]		[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	2,732,320	[3]	3,317,877	[4]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	1,823,533	[3]	1,468,600	[4]
Estimated carrying value	1,823,533	[3]	1,468,600	[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	1,823,533	[3]	1,468,600	[4]
Mortgage Servicing Rights [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	53,060,455		35,210,516
Estimated carrying value	68,811,809		38,702,358
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	68,811,809		38,702,358
Bank and Other Loans Payable [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	(251,286,927)		(297,824,368)
Estimated carrying value	(251,286,927)		(297,824,368)
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	(251,286,927)		(297,824,368)
Policyholder Account Balances [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	(42,939,055)	[5]	(44,026,809)	[6]
Estimated carrying value	(35,855,934)	[5]	(42,220,725)	[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	(35,855,934)	[5]	(42,220,725)	[6]
Future Policy Benefits Annuities [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Carrying value	(107,992,830)	[5]	(106,522,113)	[6]
Estimated carrying value	(116,215,717)	[5]	(112,354,186)	[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimated carrying value	$ (116,215,717)	[5]	$ (112,354,186)	[6]
[1]	Included in other investments and policy loans on the consolidated balance sheets
[2]	Included in other investments and policy loans on the consolidated balance sheets
[3]	Mortgage loans held for investment
[4]	Mortgage loans held for investment
[5]	Included in future policy benefits and unpaid claims on the consolidated balance sheets
[6]	Included in future policy benefits and unpaid claims on the consolidated balance sheets

Schedule of Changes in accumula

Schedule of Changes in accumulated other comprehensive income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Unrealized gains on fixed maturity securities available for sale	$ (7,323,241)	$ 12,016,464
Amounts reclassified into net earnings	805,510	(2,772)
Net unrealized gains before taxes	(6,517,731)	12,013,692
Tax expense	1,368,721	(2,522,876)
Net	(5,149,010)	9,490,816
Unrealized gains on restricted assets (1)	(23,250)	41,225
Tax expense	5,792	(10,269)
Net	(17,458)	30,956
Unrealized gains on cemetery perpetual care trust investments (1)	(11,114)	(6,817)
Tax expense	2,769	1,698
Net	(8,345)	(5,119)
Unrealized gains for foreign currency translations adjustments	2,835	(46)
Tax expense	(707)	12
Net	2,128	(34)
Other comprehensive income changes	$ (5,172,685)	$ 9,516,619

Schedule of Accumulated Balance

Schedule of Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Equity [Abstract]
Unrealized gains on fix maturity securities available-for-sale		$ 23,170,275		$ 13,679,459
Increase (Decrease) in Unrealized gains on fixed maturity securities available-for-sale		(5,149,010)		9,490,816
Unrealized gains on fix maturity securities available-for-sale		18,021,265		23,170,275
Unrealized gains (losses) on restricted assets		57,650	[1]	26,694	[2]
Increase Dececrease in Unrealized gains (losses) on restricted assets		(17,458)	[1]	30,956	[2]
Unrealized gains (losses) on restricted assets	[1]	40,192		57,650
Unrealized gains (losses) on cemetery perpetual care trust investments		17,336	[1]	22,455	[2]
Increase Dececrease in Unrealized gains (losses) on cemetery perpetual care trust investments		(8,345)	[1]	(5,119)	[2]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	8,991		17,336
Foreign currency translation adjustments		(2,128)		(2,094)
Increase Decrease Foreign currency translation adjustments		2,128		(34)
Foreign currency translation adjustments				(2,128)
Other comprehensive income (loss), Balance		23,243,133		13,726,514
Increase (Decrease) in Other comprehensive income (loss), Balance		(5,172,685)		9,516,619
Other comprehensive income (loss), Balance		$ 18,070,448		$ 23,243,133
[1]	Fixed maturity securities available for sale
[2]	Fixed maturity securities available for sale

Schedule of Derivative Assets a

Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 862,568,967	$ 659,245,038
Derivative asset, notional amount	8,563,410	12,592,672
Derivative liability, notional amount	1,547,895	2,464,062
Call Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	982,500	1,873,200
Derivative asset, notional amount
Derivative liability, notional amount	50,936	43,097
Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	362,900
Derivative asset, notional amount
Derivative liability, notional amount	4,493
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	863,914,367	661,118,238
Derivative asset, notional amount	8,563,410	12,592,672
Derivative liability, notional amount	$ 1,603,324	$ 2,507,159

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ (3,113,095)	$ 7,637,377
Call and Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 160,410	$ 272,758

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - Rivera Funerals Cremations and Memorial Gardens [Member]	12 Months Ended
	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Restricted assets (1)	$ 618,006	[1]
Property and equipment (2)	6,255,836	[2]
Cemetery land and improvements	658,280
Goodwill	1,338,763
Other (3)	2,440,516	[3]
Total assets acquired	11,311,401
Cemetery perpetual care obligation	(618,006)
Other liabilities - holdback	(1,120,000)
Total liabilities assumed	(1,738,006)
Fair value of net assets acquired/consideration paid	$ 9,573,395
[1]	Includes $ 39,000 579,006
[2]	At estimated fair value which is a Level 3 asset in the fair value hierarchy
[3]	Including $ 2,310,000

Schedule of Estimated Fair Va_2

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) - Rivera Funerals Cremations and Memorial Gardens [Member]	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Business acquisition of intangible assets	$ 2,310,000
Fair Value, Inputs, Level 2 [Member]
Business Acquisition [Line Items]
Business acquisition of cash	39,000
Business acquisition of fixed assets	$ 579,006

Estimated Fair Values of Assets

Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - Holbrook Mortuary [Member]	12 Months Ended
	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Property and equipment (1)	$ 2,641,210	[1]
Goodwill	395,432
Other	15,105
Total assets acquired	3,051,747
Fair value of net assets acquired/consideration paid	$ 3,051,747
[1]	At estimated fair value which is a Level 3 asset in the fair value hierarchy

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Business combination, purchase price	$ 10,693,395
Rivera Funerals Cremations and Memorial Gardens [Member]
Business Acquisition [Line Items]
Business combination, purchase price	70,000
Business combination, holdback amount	1,120,000
Payment to acquire assets	1,050,000
Business acquisition of revenues and net earnings	137,386	$ 14,892
Rivera Funerals Cremations and Memorial Gardens [Member] | Maximum [Member]
Business Acquisition [Line Items]
Payment to acquire assets	105,000
Holbrook Mortuary [Member]
Business Acquisition [Line Items]
Business combination, purchase price	3,051,747
Business acquisition of revenues and net loss	$ 0	$ (98,531)

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Balance before valuation allowance at beginning of year		$ 35,210,516	$ 17,155,529
MSR additions resulting from loan sales		32,701,819	29,896,465
Amortization (1)	[1]	(14,851,880)	(11,841,478)
Application of valuation allowance to write down MSRs with other than temporary impairment
Balance before valuation allowance at year end		53,060,455	35,210,516
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		53,060,455	35,210,516
Estimated fair value of MSRs at end of period		$ 68,811,809	$ 38,702,358
[1]	Included in other expenses on the consolidated statements of earnings

Schedule of Finite-Lived Intang

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Impairment Effects on Earnings Per Share [Line Items]
Total	$ 3,512,667	$ 1,302,666
Mortgage Servicing Rights [Member]
Impairment Effects on Earnings Per Share [Line Items]
2022	7,341,097
2023	6,020,240
2024	5,263,053
2025	4,583,231
2026	4,008,838
Thereafter	25,843,996
Total	$ 53,060,455

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Total	$ 18,535,111	$ 11,317,482
Total	15,792,644	9,246,574
Contractual Servicing Fees [Member]
Total	15,471,307	8,940,612
Late Fees [Member]
Total	$ 321,337	$ 305,962

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 7,060,536,350	$ 5,070,287,864

Assumptions Used in Determining

Assumptions Used in Determining MSR Value (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	0.1160	0.1560
Average life	6 years 7 months 20 days	5 years 3 months 18 days
Discount rate	0.0950	0.0950

Schedule of Liability for Futur

Schedule of Liability for Future Policy Benefits, by Product Segment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	$ 863,274,693	$ 844,790,087
Total receivable from reinsurers	14,850,608	15,569,156
Net future policy benefits and unpaid claims	848,424,085	829,220,931
Life Insurance Product Line [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	698,366,477	674,230,463
Total receivable from reinsurers	10,482,428	10,841,567
Fixed Annuity [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	107,992,830	109,522,112
Total receivable from reinsurers	4,082,877	4,047,301
Policyholder Account Balances [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	42,939,055	44,026,809
Accident and Health [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	629,302	651,140
Total receivable from reinsurers	88,474	90,231
Other Policyholder Funds [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	4,352,217	4,354,746
Reported But Unpaid Claims [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	4,887,934	8,689,723
Total receivable from reinsurers	177,829	571,057
Incurred But Not Reported Claims [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	4,106,878	3,315,094
Total receivable from reinsurers	$ 19,000	$ 19,000

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Receivables, beginning balance	[1]	$ 4,119,988	$ 2,778,879
Contract asset, beginning balance
Contract liability, beginning balance		13,080,179	12,607,978
Receivables, ending balance	[1]	5,298,636	4,119,988
Contract asset, ending balance
Contract liability, ending balance		14,508,022	13,080,179
Increase (decrease) in accounts receivable	[1]	1,178,648	1,341,109
Increase (decrease) in contract asset
Increase (decrease) in contract liability		$ 1,427,843	$ 472,201
[1]	Included in Receivables, net on the consolidated balance sheets

Schedule of Opening and Closi_2

Schedule of Opening and Closing Balances of the Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Contract with customer assets
Contract with customer liability	14,508,022	13,080,179	12,607,978
Pre-need Merchandise and Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Contract with customer assets
Contract with customer liability	13,722,348	12,545,753	12,325,437
At-need Specialty Merchandise Revenue [Member]
Disaggregation of Revenue [Line Items]
Contract with customer assets
Contract with customer liability	785,674	534,426	282,541
Pre-need Land Sales [Member]
Disaggregation of Revenue [Line Items]
Contract with customer assets
Contract with customer liability

Revenues of the Cemetery and Mo

Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net mortuary and cemetery sales	$ 23,997,313	$ 20,307,435
Major Goods or Services Lines, at Need [Member]
Net mortuary and cemetery sales	16,220,541	15,212,822
Major Goods or Services Lines, Pre Need [Member]
Net mortuary and cemetery sales	7,776,772	5,094,613
Timing of Revenue Recognition, Goods Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	16,793,439	13,438,592
Timing of Revenue Recognition, Services Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	$ 7,203,874	$ 6,868,843

Reconciliation of Revenues from

Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Pre-need merchandise and services	$ 3,688,579	$ 3,601,638
At-need specialty merchandise	29,688	5,302
Pre-need land sales
Deferred policy and pre-need contract acquisition costs	$ 3,718,267	$ 3,606,940

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Deferred pre-need cemetery and mortuary contract revenues	$ 14,508,022	$ 13,080,179
Deferred revenue	14,508,022	13,080,179	$ 12,607,978
Revenue recognized included in the opening contract liability	4,528,646	4,359,709
Pre Need Merchandise and Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	13,722,348	12,545,753
At Need Specialty Merchandise Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	785,674	534,426
Deferred Pre-need Land Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 0	$ 0
Revenue, remaining performance obligation, percentage	10.00%

Schedule of Lease Cost Recogniz

Schedule of Lease Cost Recognized in Earnings (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Leases
Amortization of right-of-use assets (1)		$ 41,925	$ 58,576
Interest on lease liabilities (2)	[1]	4,713	7,341
Operating lease cost (3)	[2]	4,896,315	5,408,737
Short-term lease cost (3)(4)	[2],[3]	167,551	222,311
Sublease income (3)	[2]	(275,038)	(394,758)
Total lease cost		4,835,466	5,302,207
Operating cash flows from operating leases		4,697,819	5,293,901
Operating cash flows from finance leases		4,713	7,341
Financing cash flows from finance leases		42,184	56,982
Operating leases		5,216,048	5,631,193
Finance leases			$ 8,494
Finance lease, Weighted-average remaining lease term (in years)		2 years 25 days	2 years 8 months 26 days
Operating lease, Weighted-average remaining lease term (in years)		6 years 14 days	5 years 4 months 24 days
Finance lease, Weighted-average discount rate		5.74%	5.59%
Operating lease, Weighted-average discount rate		4.14%	4.87%
[1]	Included in Interest expense on the consolidated statements of earnings
[2]	Included in Rent and rent related expenses on the consolidated statements of earnings
[3]	Includes leases with a term of 12 months or less

Schedule of Future Minimum Rent

Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Leases
Finance Leases 2021	$ 34,458
Operating Leases 2021	4,109,174
Finance Leases 2022	27,220
Operating Leases 2022	3,340,343
Finance Leases 2023	4,354
Operating Leases 2023	2,707,152
Finance Leases 2024	692
Operating Leases 2024	1,809,667
Finance Leases 2025
Operating Leases 2025	1,414,296
Finance Leases Thereafter
Operating Leases Thereafter	2,449,017
Finance Leases Total undiscounted lease payments	66,724
Operating Leases Total undiscounted lease payments	15,829,649
Finance Leases Less: Discount on cash flows	(3,957)
Operating Leases Less: Discount on cash flows	(2,889,958)
Finance Leases Present value of lease liabilities	62,767	$ 104,951
Operating Leases Present value of lease liabilities	$ 12,939,691	$ 11,921,884

Schedule of Right-of-Use Assets

Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Leases
Operating Lease, Right-of-Use Asset	$ 12,483,638	$ 11,663,245
Operating Lease Liabilities	12,939,691	11,921,884
Finance Lease, Right-of-Use Assets	235,867	254,276
Finance Lease, Right-of-Use Asset, Accumulated Amortization	(177,660)	(154,144)
Finance Lease, Right-of-Use Assets, Net	58,207	100,132
Finance Lease Liabilities	$ 62,767	$ 104,951