Security National Financial (SNFCA) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 10, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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 Ascension Way
Entity Address, Address Line Two	6th Floor
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 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
Common Class A [Member]
Entity Common Stock, Shares Outstanding		17,778,315
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,789,249

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $264,704,239 and $236,303,310 for 2022 and 2021)	$ 272,213,552	$ 259,287,603
Equity securities at estimated fair value (cost of $8,662,438 and  $8,275,772 for 2022 and 2021)	11,511,141	11,596,414
Mortgage loans held for investment (net of allowances for loan losses  of $1,603,676 and $1,699,902 for 2022 and 2021)	279,911,839	277,306,046
Real estate held for investment (net of accumulated depreciation of  $19,018,617 and $17,692,038 for 2022 and 2021)	201,379,078	197,365,797
Real estate held for sale	2,943,442	3,731,300
Other investments and policy loans (net of allowances for doubtful  accounts of $1,805,311 and $1,686,218 for 2022 and 2021)	73,569,249	67,955,155
Accrued investment income	5,632,626	6,313,012
Total investments	847,160,927	823,555,327
Cash and cash equivalents	145,630,099	131,354,470
Loans held for sale at estimated fair value	234,012,872	302,776,827
Receivables (net of allowances for doubtful accounts of $1,807,938 and $1,800,725 for 2022 and 2021)	14,504,617	18,316,116
Restricted assets (including $5,253,218 and $5,205,510 for 2022 and 2021 at estimated fair value)	16,685,113	16,938,122
Cemetery perpetual care trust investments (including $3,411,104 and $4,087,245 for 2022 and 2021 at estimated fair value)	7,760,709	7,835,721
Receivable from reinsurers	14,769,909	14,850,608
Cemetery land and improvements	8,938,638	8,977,877
Deferred policy and pre-need contract acquisition costs	105,905,093	105,049,983
Mortgage servicing rights, net	55,583,962	53,060,455
Property and equipment, net	21,222,598	21,517,598
Value of business acquired	8,577,480	8,421,432
Goodwill	5,253,783	5,253,783
Other	33,797,992	29,684,987
Total Assets	1,519,803,792	1,547,593,306
Liabilities
Future policy benefits and unpaid claims	869,968,065	863,274,693
Unearned premium reserve	3,004,772	3,060,738
Bank and other loans payable	233,626,919	251,286,927
Deferred pre-need cemetery and mortuary contract revenues	15,270,642	14,508,022
Cemetery perpetual care obligation	4,961,894	4,915,285
Accounts payable	8,846,235	10,166,573
Other liabilities and accrued expenses	62,819,893	69,578,138
Income taxes	29,004,505	31,036,096
Total liabilities	1,227,502,925	1,247,826,472
Stockholders’ Equity
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital	58,379,438	57,985,947
Accumulated other comprehensive income, net of taxes	5,880,118	18,070,448
Retained earnings	187,766,207	184,537,489
Treasury stock at cost - 8,079 Class A shares and 96,097 Class C shares in 2022; and 108,079 Class A shares and 109,193 Class C shares in 2021	(843,916)	(1,845,624)
Total stockholders’ equity	292,300,867	299,766,834
Total Liabilities and Stockholders’ Equity	1,519,803,792	1,547,593,306
Common Class A [Member]
Stockholders’ Equity
Common Stock, Value	35,386,304	35,285,444
Common Class B [Member]
Stockholders’ Equity
Common Stock, Value
Common Class C [Member]
Stockholders’ Equity
Common Stock, Value	$ 5,732,716	$ 5,733,130

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Amortized cost	$ 264,704,239	$ 236,303,310
Equity securities cost	8,662,438	8,275,772
Allowance for loan and lease losses, real estate	1,603,676	1,699,902
Real estate investment property, accumulated depreciation	19,018,617	17,692,038
Allowance for doubtful accounts, premiums and other receivables	1,805,311	1,686,218
Accounts receivable, allowance for credit loss	1,807,938	1,800,725
Aggregate fair value, restricted assets	5,253,218	5,205,510
Aggregate fair value, Cemetery perpetual care trust investments	$ 3,411,104	$ 4,087,245
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 issued	17,693,152	17,642,722
Common stock, shares outstanding	17,693,152	17,642,722
Treasury stock, shares	8,079	108,079
Common Class B [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Class C [Member]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	3,000,000	3,000,000
Common stock, shares issued	2,866,358	2,866,565
Common stock, shares outstanding	2,866,358	2,866,565
Treasury stock, shares	96,097	109,193

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues:
Mortgage fee income		$ 48,344,445	$ 72,998,612
Insurance premiums and other considerations		26,341,952	23,350,210
Net investment income		15,194,306	14,293,887
Net mortuary and cemetery sales		7,205,721	5,942,126
Gains on investments and other assets		171,975	1,960,113
Other		5,167,508	4,113,658
Total revenues		102,425,907	122,658,606
Benefits and expenses:
Death benefits		16,884,706	18,312,006
Surrenders and other policy benefits		1,323,168	1,077,644
Increase in future policy benefits		6,771,101	4,254,658
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		4,396,413	3,576,865
Selling, general and administrative expenses:
Commissions		19,902,202	32,729,680
Personnel		26,874,764	24,371,505
Advertising		1,711,795	1,800,998
Rent and rent related		1,659,270	1,865,898
Depreciation on property and equipment		615,544	501,645
Costs related to funding mortgage loans		2,839,463	2,937,225
Other		12,091,636	11,949,864
Interest expense		1,727,315	1,825,599
Cost of goods and services sold-mortuaries and cemeteries		1,185,014	1,099,964
Total benefits and expenses		97,982,391	106,303,551
Earnings before income taxes		4,443,516	16,355,055
Income tax expense		(1,214,798)	(4,226,340)
Net earnings		$ 3,228,718	$ 12,128,715
Net earnings per Class A Equivalent common share	[1]	$ 0.16	$ 0.60
Net earnings per Class A Equivalent common share- assuming dilution	[1]	$ 0.15	$ 0.58
Weighted-average Class A equivalent common shares outstanding	[1]	20,390,153	20,080,994
Weighted-average Class A equivalent common shares outstanding-assuming dilution	[1]	21,232,520	21,009,245
[1]	Net earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net earnings	$ 3,228,718	$ 12,128,715
Other comprehensive income:
Unrealized losses on fixed maturity securities available for sale	(15,326,903)	(6,805,903)
Unrealized losses on restricted assets	(71,946)	(10,428)
Unrealized losses on cemetery perpetual care trust investments	(37,357)	(8,197)
Foreign currency translation adjustments		2,835
Other comprehensive loss, before income tax	(15,436,206)	(6,821,693)
Income tax benefit	3,245,876	1,433,171
Other comprehensive loss, net of income tax	(12,190,330)	(5,388,522)
Comprehensive income (loss)	$ (8,961,612)	$ 6,740,193

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 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
January 1, 2021 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					12,128,715		12,128,715
Other comprehensive loss				(5,388,522)			(5,388,522)
Stock-based compensation expense			39,153				39,153
Exercise of stock options	55,852		33,401				89,253
Sale of treasury stock			290,381			1,632,041	1,922,422
Purchase of treasury stock						(910,233)	(910,233)
Conversion Class C to Class A	97,054	(97,054)
March 31, 2021 at Mar. 31, 2021	33,344,472	5,262,152	50,650,188	17,854,611	165,867,882	(1,111,464)	271,867,841
January 1, 2021 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
Net earnings					3,228,718		3,228,718
Other comprehensive loss				(12,190,330)			(12,190,330)
Stock-based compensation expense			271,747				271,747
Exercise of stock options	100,446		(8,487)				91,959
Sale of treasury stock			24,055			1,880,125	1,904,180
Purchase of treasury stock			106,176			(878,417)	(772,241)
Conversion Class C to Class A	414	(414)
March 31, 2021 at Mar. 31, 2022	$ 35,386,304	$ 5,732,716	$ 58,379,438	$ 5,880,118	$ 187,766,207	$ (843,916)	$ 292,300,867

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net cash provided by operating activities	$ 72,508,768	$ 100,975,851
Cash flows from investing activities:
Purchases of fixed maturity securities	(32,508,649)	(1,753,606)
Sales, calls and maturities of fixed maturity securities	4,052,570	9,993,624
Purchases of equity securities	(1,657,160)	(367,786)
Sales of equity securities	1,400,848	1,376,669
Net changes in restricted assets	492,489	179,052
Net changes in perpetual care trusts	731,331	(47,841)
Mortgage loans held for investment, other investments and policy loans made	(195,470,561)	(200,084,136)
Payments received for mortgage loans held for investment, other investments and policy loans	187,519,868	203,929,458
Purchases of property and equipment	(356,802)	(2,865,020)
Sale of property and equipment	64,579
Purchases of real estate	(6,367,199)	(23,554,515)
Sales of real estate	4,860,188	5,147,199
Net cash used in investing activities	(37,238,498)	(8,046,902)
Cash flows from financing activities:
Investment contract receipts	2,875,328	2,542,681
Investment contract withdrawals	(4,285,446)	(4,386,172)
Proceeds from stock options exercised	91,959	89,253
Purchases of treasury stock	(772,241)	(910,233)
Repayment of bank loans	(426,027)	(46,367,270)
Proceeds from bank loans	7,186,083	54,896,199
Net change in warehouse line borrowings for loans held for sale	(24,430,063)	(60,432,330)
Net cash used in financing activities	(19,760,407)	(54,567,872)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	15,509,863	38,361,077
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	141,414,282	115,465,086
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	156,924,145	153,826,163
Cash paid during the year for:
Interest	1,815,921	2,142,375
Income taxes	512
Non Cash Operating, Investing and Financing Activities:
Accrued real estate construction costs and retainage	2,775,240	4,521,048
Benefit plans funded with treasury stock	1,904,180	1,922,422
Right-of-use assets obtained in exchange for operating lease liabilities	597,635	1,082,388
Mortgage loans held for investment foreclosed into real estate held for investment		389,145
Transfer of loans held for sale to mortgage loans held for investment		201,951
Cash and cash equivalents	145,630,099	144,159,566
Restricted assets	9,460,057	9,256,997
Cemetery perpetual care trust investments	$ 1,833,989	$ 409,600

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1) Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Articles 8 and 10 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements of the Company and notes thereto for the year ended December 31, 2021, included in the Company’s Annual Report on Form 10-K (File Number 000-09341). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to adopt policies and make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In applying these policies and estimates, the Company makes judgments that frequently require assumptions about matters that are inherently uncertain. Accordingly, significant estimates used in the preparation of the Company’s financial statements may be subject to significant adjustments in future periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment; those used in determining the liability for future policy benefits and unearned revenue; those used in determining the estimated future costs for pre-need sales; those used in determining the value of mortgage servicing rights; those used in determining allowances for loan losses for mortgage loans 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. COVID-19 Like most businesses, COVID-19 has impacted the Company, including the temporary adoption of work from home arrangements and a restructuring of selling techniques for its products and services. The Company also experienced increased expenses for cleaning services of its offices. Throughout 2021 and the first quarter 2022, the Company continues to adapt to the impact of COVID-19 and its related economic effects. The Company cannot, with any certainty predict the severity or duration with which COVID-19 will impact the Company’s business, financial condition, results of operations, and cash flows. To the extent the COVID-19 pandemic adversely affects the Company’s business, financial condition, and results of operations, it may also have the effect of heightening many of the other Company risks. These uncertainties have the potential to negatively affect the risk of credit default for the issuers of the Company’s fixed maturity debt securities and individual borrowers with mortgage loans held by the Company. The Company has implemented risk management, business continuity plans and has taken preventive measures and other precautions, including some remote work arrangements. Such measures and precautions have enabled the Company to continue to conduct business. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2) 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The Company’s investments as of March 31, 2022 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 51,218,752 $ 210,351 $ (740,495 ) $ 50,688,608 Obligations of states and political subdivisions 4,638,702 96,125 (45,061 ) 4,689,766 Corporate securities including public utilities 175,511,122 10,036,162 (1,505,578 ) 184,041,706 Mortgage-backed securities 33,066,449 274,636 (829,922 ) 32,511,163 Redeemable preferred stock 269,214 13,095 - 282,309 Total fixed maturity securities available for sale $ 264,704,239 $ 10,630,369 $ (3,121,056 ) $ 272,213,552 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,662,438 $ 3,165,378 $ (316,675 ) $ 11,511,141 Total equity securities at estimated fair value $ 8,662,438 $ 3,165,378 $ (316,675 ) $ 11,511,141 Mortgage loans held for investment at amortized cost: Residential $ 46,552,738 Residential construction 193,151,868 Commercial 43,251,622 Less: Unamortized deferred loan fees, net (1,075,371 ) Less: Allowance for loan losses (1,603,676 ) Less: Net discounts (365,342 ) Total mortgage loans held for investment $ 279,911,839 Real estate held for investment - net of accumulated depreciation: Residential $ 42,580,341 Commercial 158,798,737 Total real estate held for investment $ 201,379,078 Real estate held for sale: Residential $ 402,744 Commercial 2,540,698 Total real estate held for sale $ 2,943,442 Other investments and policy loans at amortized cost: Policy loans $ 13,261,353 Insurance assignments 54,755,913 Federal Home Loan Bank stock (1) 2,588,400 Other investments 4,768,894 Less: Allowance for doubtful accounts (1,805,311 ) Total policy loans and other investments $ 73,569,249 Accrued investment income $ 5,632,626 Total investments $ 847,160,927 (1) Includes $ 937,100 1,651,300 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments The Company’s investments as of December 31, 2021 are summarized as follows: 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Fixed Maturity Securities The following table summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value at March 31, 2022 and at December 31, 2021. 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 Combined Unrealized Loss Combined Fair Value At March 31, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 740,495 $ 29,372,895 $ - $ - $ 740,495 $ 29,372,895 Obligations of States and Political Subdivisions 45,061 1,377,655 - - 45,061 1,377,655 Corporate Securities 1,026,974 28,212,781 478,604 3,896,622 1,505,578 32,109,403 Mortgage and other asset-backed securities 655,663 22,390,497 174,259 1,670,730 829,922 24,061,227 Totals $ 2,468,193 $ 81,353,828 $ 652,863 $ 5,567,352 $ 3,121,056 $ 86,921,180 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 Totals $ 148,448 $ 13,122,225 $ 368,541 $ 5,354,617 $ 516,989 $ 18,476,842 There were 180 securities with fair value of 96.5 97.3 No 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) 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 2022 2021 Balance of credit-related OTTI at January 1 $ 264,977 $ 370,975 Additions for credit impairments recognized on: Securities not previously impaired - - Securities previously impaired - - Reductions for credit impairments previously recognized on: Securities that matured or were sold during the period (realized) - - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at March 31 $ 264,977 $ 370,975 The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at March 31, 2022, 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 Due in 1 year $ 13,431,790 $ 13,486,895 Due in 2-5 years 97,740,824 98,279,298 Due in 5-10 years 53,462,561 55,425,119 Due in more than 10 years 66,833,402 72,328,770 Mortgage-backed securities 33,066,449 32,511,163 Redeemable preferred stock 269,214 282,309 Total $ 264,704,239 $ 272,213,552 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company pledged a total of $ 56,741,531 0 52,059,046 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Investment Related Earnings The following table 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 2022 2021 Three Months Ended March 31 2022 2021 Fixed maturity securities: Gross realized gains $ 46,123 $ 97,622 Gross realized losses (930 ) (24,997 ) Equity securities: Gains (losses) on securities sold (10,279 ) 106,569 Unrealized gains and (losses) on securities held at the end of the period (607,047 ) 952,030 Other assets: Gross realized gains 838,508 1,109,358 Gross realized losses (94,400 ) (280,469 ) Total $ 171,975 $ 1,960,113 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 2022 2021 Three Months Ended March 31 2022 2021 Proceeds from sales $ 455,651 $ 819,565 Gross realized gains 2,354 59,794 Gross realized losses (20 ) - SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Major categories of net investment income were as follows: 2022 2021 Three Months Ended March 31 2022 2021 Fixed maturity securities available for sale $ 2,636,216 $ 2,824,111 Equity securities 123,037 128,229 Mortgage loans held for investment 7,960,178 6,084,417 Real estate held for investment and sale 3,040,033 3,042,829 Policy loans 306,282 232,353 Insurance assignments 5,396,987 5,345,729 Other investments 70,645 13,707 Cash and cash equivalents 75,301 39,594 Gross investment income 19,608,679 17,710,969 Investment expenses (4,414,373 ) (3,417,082 ) Net investment income $ 15,194,306 $ 14,293,887 Net investment income includes income earned by the restricted assets of the cemeteries and mortuaries of $ 476,708 161,211 Net investment income on real estate consists primarily of rental revenue. Investment expenses consist primarily of depreciation, property taxes, operating expenses of real estate and an estimated portion of administrative expenses relating to investment activities. Securities on deposit with regulatory authorities as required by law amounted to $ 10,169,064 10,168,853 There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses on equity securities and fixed maturity securities) at March 31, 2022, 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 units in the form of acquisition, development and mortgage foreclosures. Commercial Real Estate Held for Investment and Held for Sale The Company owns and manages commercial real estate assets as a means of generating investment income. These assets are acquired in accordance with the Company’s goals and objectives for risk-adjusted returns. Due diligence is conducted on each asset using internal and third-party reports. Geographic locations and asset classes of the investment activity is determined by senior management under the direction of the Board of Directors. The Company employs full-time employees to attend to the day-to-day operations of those assets within the greater Salt Lake area and close surrounding markets. The Company utilizes third party property managers when the geographic boundary does not warrant full-time staff or through strategic lease-up periods. The Company generally looks to acquire assets in regions that are high growth regions for employment and population and in assets that provide operational efficiencies. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments 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 uses bank debt in strategic cases to leverage established yields or to acquire a higher quality or different class of asset. The aggregated net ending balance of commercial real estate that serves as collateral for bank loans was $ 137,775,232 134,251,205 92,644,180 85,663,148 During the three months ended March 31, 2022 and 2021, the Company did not record any impairment losses on commercial real estate held for investment or held for sale. Impairment losses, if any, are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. 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 March 31 December 31 2021 March 31 December 31 2021 Utah (1) 153,457,809 150,105,948 625,920 675,920 Louisiana 2,415,170 2,426,612 31,778 31,778 Mississippi 2,925,758 2,860,775 19,694 19,694 $ 158,798,737 $ 155,393,335 677,392 727,392 (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 March 31 December 31 2021 March 31 December 31 2021 Kansas 2,000,000 2,000,000 222,679 222,679 California 389,145 389,145 2,872 2,872 Mississippi (1) 151,553 151,553 - - $ 2,540,698 $ 2,540,698 225,551 225,551 (1) Approximately 93 acres of undeveloped land 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments 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. The net ending balance of foreclosed residential real estate included in residential real estate held for investment and sale is $ 210,963 1,190,602 During the three months ended March 31, 2022 and 2021 the Company recorded impairment losses on residential real estate held for sale of $ 94,400 0 The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Ending Balance March 31 December 31 2021 Utah (1) 42,580,341 $ 41,686,281 Washington (2) - 286,181 $ 42,580,341 $ 41,972,462 (1) Includes subdivision land developments (2) Improved residential lots The following table presents additional information regarding the Company’s subdivision land developments in Utah. March 31 December 31 2021 Lots developed 68 67 Lots to be developed 548 548 Ending Balance $ 42,376,141 $ 41,479,434 The Company’s residential real estate held for sale is summarized as follows: March 31 December 31 2021 Net Ending Balance March 31 December 31 2021 Nevada $ - $ 979,640 Texas 200,963 200,962 Ohio 10,000 10,000 Washington (1) 191,781 - Real estate held for sale $ 402,744 $ 1,190,602 (1) Improved residential lots 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the real estate owned by the Company. As of March 31, 2022, 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 Building 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 Mortgage loans held for investment consist of first and second mortgages. The mortgage loans bear interest at rates ranging from 2.0 10.5 nine months 30 75 6 4 4 3 3 70 7 5 4 4 2 Mortgage loans held for investment are carried at their unpaid principal balances adjusted for net deferred fees, charge-offs, premiums, discounts and the related allowance for loan losses. Interest income is included in net investment income on the condensed consolidated statements of earnings and is recognized when earned. The Company defers related material loan origination fees, net of related direct loan origination costs, and amortizes the net fees over the term of the loans. Origination fees are included in net investment income on the condensed consolidated statements of earnings. Mortgage loans are secured by the underlying property and require an appraisal at the time of underwriting and funding. Generally, the Company will fund a loan not to exceed 80% of the loan’s collateral fair market value. Amounts over 80% will require additional collateral or mortgage insurance by an approved third-party insurer. The Company provides for losses on its mortgage loans held for investment through an allowance for loan losses (a contra-asset account). The allowance is comprised of two components. The first component is an allowance for collectively evaluated impairment that is based upon the Company’s historical experience in collecting similar receivables. The second component is based upon individual evaluation of loans that are determined to be impaired. 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. 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 or held for sale. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments The allowance for losses on mortgage loans held for investment could change based on changes in the value of the underlying collateral, the performance status of the loans, or the Company’s actual collection experience. The actual losses could change, in the near term, from the established allowance, based upon the occurrence or non-occurrence of these events. For purposes of determining the allowance for losses, the Company has segmented its mortgage loans held for investment by loan type. The Company’s loan types are commercial, residential, and residential construction. The inherent risks within the portfolio vary depending upon the loan type as follows: Commercial Residential Residential construction (including land acquisition and development) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) 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 March 31, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Charge-offs - - - - Provision - (96,226 ) - (96,226 ) Ending balance - March 31, 2022 $ 187,129 $ 1,373,345 $ 43,202 $ 1,603,676 Ending balance: individually evaluated for impairment $ - $ 99,036 $ - $ 99,036 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,274,309 $ 43,202 $ 1,504,640 Mortgage loans: Ending balance - March 31, 2022 $ 43,251,622 $ 46,552,738 $ 193,151,868 $ 282,956,228 Ending balance: individually evaluated for impairment $ 1,736,752 $ 1,863,882 $ - $ 3,600,634 Ending balance: collectively evaluated for impairment $ 41,514,870 $ 44,688,856 $ 193,151,868 $ 279,355,594 December 31, 2021 Allowance for credit losses: Beginning balance - January 1, 2021 $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Charge-offs - - - - Provision - (305,225 ) - (305,225 ) Ending balance - December 31, 2021 $ 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 - December 31, 2021 $ 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 $ 276,062,489 (1) (1) Amount corrected from that previously reported due to a typographical error. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments The following table presents the aging of mortgage loans held for investment. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total March 31, 2022 30-59 Days Past Due $ - $ 1,294,666 $ - $ 1,294,666 60-89 Days Past Due - 978,669 - 978,669 Greater Than 90 Days (1) 1,233,200 1,153,957 - 2,387,157 In Process of Foreclosure (1) 503,552 709,925 - 1,213,477 Total Past Due 1,736,752 4,137,217 - 5,873,969 Current 41,514,870 42,415,521 193,151,868 277,082,259 Total Mortgage Loans 43,251,622 46,552,738 193,151,868 282,956,228 Allowance for Loan Losses (187,129 ) (1,373,345 ) (43,202 ) (1,603,676 ) Unamortized deferred loan fees, net (84,626 ) (467,977 ) (522,768 ) (1,075,371 ) Unamortized discounts, net (244,362 ) (120,980 ) - (365,342 ) Net Mortgage Loans $ 42,735,505 $ 44,590,436 $ 192,585,898 $ 279,911,839 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 (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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) 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 March 31, 2022 With no related allowance recorded: Commercial $ 1,736,752 $ 1,736,752 $ - $ 1,736,752 $ - Residential 1,046,562 1,046,562 - 1,046,563 - Residential construction - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 817,320 817,320 99,036 817,320 - Residential construction - - - - - Total: Commercial $ 1,736,752 $ 1,736,752 $ - $ 1,736,752 $ - Residential 1,863,882 1,863,882 99,036 1,863,883 - Residential construction - - - - - 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 - SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Credit Risk Profile Based on Performance Status The Company’s mortgage loan held for investment portfolio is monitored based on performance of the loans. Monitoring a mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The Company defines non-performing mortgage loans as loans 90 days or greater delinquent or on non-accrual status. The Company’s performing and non-performing mortgage loans held for investment are summarized as follows: Schedule of Credit Risk of Mortgage Loans Based on Performance Status Commercial Residential Residential Construction Total March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Performing $ 41,514,870 $ 49,959,650 $ 44,688,856 $ 50,985,056 $ 193,151,868 $ 175,117,783 $ 279,355,594 $ 276,062,489 Non-performing 1,736,752 1,723,372 1,863,882 2,548,656 - - 3,600,634 4,272,028 Total $ 43,251,622 $ 51,683,022 $ 46,552,738 $ 53,533,712 $ 193,151,868 $ 175,117,783 $ 282,956,228 $ 280,334,517 Non-Accrual Mortgage Loans Held for Investment Once a loan is past due 90 days, it is the policy of the Company to end the accrual of interest income on the loan and write off any interest income that had been accrued. Payments received for loans on a non-accrual status are recognized on a cash basis. Interest income recognized from any payments received for loans on a non-accrual status was immaterial. Accrual of interest resumes if a loan is brought current. Interest not accrued on these loans totals approximately $ 254,000 236,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Loans Held for Sale

Loans Held for Sale	3 Months Ended
	Mar. 31, 2022
Loans Held For Sale
Loans Held for Sale	4) Loans Held for Sale The Company has 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 condensed consolidated statement of earnings. See Note 8 to the condensed 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. Summary of Aggregate fair value - Loans Held for Sale As of March 31 As of December 31 2021 Aggregate fair value $ 234,012,872 $ 302,776,827 Unpaid principal balance 228,907,138 294,481,503 Unrealized gain 5,105,734 8,295,324 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 2022 2021 Three Months Ended March 31 2022 2021 Loan fees $ 7,087,182 $ 9,539,956 Interest income 2,031,869 2,311,802 Secondary gains 39,602,614 68,438,933 Change in fair value of loan commitments 2,675,371 314,466 Change in fair value of loans held for sale (2,746,565 ) (6,945,882 ) Provision for loan loss reserve (306,026 ) (660,663 ) Mortgage fee income $ 48,344,445 $ 72,998,612 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 4) Loans Held for Sale The loan loss reserve, which is included in other liabilities and accrued expenses, is summarized as follows: Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses As of March 31 As of December 31 Balance, beginning of period $ 2,447,139 $ 20,583,618 Provision on current loan originations (1) 306,026 2,211,230 Charge-offs, net of recaptured amounts (609,775 ) (20,347,709 ) Balance, end of period $ 2,143,390 $ 2,447,139 (1) Included in mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the three months ended March 31, 2022, $ 306,026 290 1,000,000 660,663 450 1,000,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	5) Stock Compensation Plans The Company has two fixed option plans (the “2013 Plan” and the “2014 Director Plan”). Compensation expense for options issued of $ 271,747 39,153 610,889 The fair value of each option granted is estimated on the date of grant using the Black Scholes Option Pricing Model. The Company estimates the expected life of the options using the simplified method. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the expected life of the options. The risk-free interest rate for the expected life of the options is based upon the Federal Reserve Board’s daily interest rates in effect at the time of the grant. A summary of the status of the Company’s stock compensation plans as of March 31, 2022, and the changes during the three months ended March 31, 2022, are presented below: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.61 821,146 $ 5.48 Adjustment for effect of stock dividends - - Granted 4,000 - Exercised (50,968 ) - Cancelled - - Outstanding at March 31, 2022 977,383 $ 4.77 821,146 $ 5.48 As of March 31, 2022: Options exercisable 906,258 $ 4.46 648,646 $ 4.67 As of March 31, 2022: Available options for future grant 228,376 16,689 Weighted average contractual term of options outstanding at March 31, 2022 4.44 7.00 Weighted average contractual term of options exercisable at March 31, 2022 4.03 6.57 Aggregated intrinsic value of options outstanding at March 31, 2022 (1) $ 5,115,622 $ 3,666,085 Aggregated intrinsic value of options exercisable at March 31, 2022 (1) $ 5,017,469 $ 3,460,285 (1) The Company used a stock price of $ 10.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 5) Stock Compensation Plans A summary of the status of the Company’s stock compensation plans as of March 31, 2021, and the changes during the three months ended March 31, 2021, are presented below: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2021 1,072,863 $ 4.33 662,666 $ 4.73 Adjustment for effect of stock dividends - - Granted - - Exercised (32,925 ) - Cancelled - - Outstanding at March 31, 2021 1,039,938 $ 4.34 662,666 $ 4.73 As of March 31, 2021: Options exercisable 1,039,938 $ 4.34 662,666 $ 4.73 As of March 31, 2021: Available options for future grant 330,371 266,500 Weighted average contractual term of options outstanding at March 31, 2021 6.28 6.71 Weighted average contractual term of options exercisable at March 31, 2021 6.28 6.71 Aggregated intrinsic value of options outstanding at March 31, 2021 (1) $ 5,212,677 $ 3,059,620 Aggregated intrinsic value of options exercisable at March 31, 2021 (1) $ 5,212,677 $ 3,059,620 (1) The Company used a stock price of $ 9.35 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 three months March 31, 2022 and 2021 was $ 395,831 139,035 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	6) Earnings Per Share 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 2022 2021 Three Months Ended 2022 2021 Numerator: Net earnings $ 3,228,718 $ 12,128,715 Denominator: Basic weighted-average shares outstanding 20,390,153 20,080,994 Effect of dilutive securities: Employee stock options 842,367 928,251 Diluted weighted-average shares outstanding 21,232,520 21,009,245 Basic net earnings per share $ 0.16 $ 0.60 Diluted net earnings per share $ 0.15 $ 0.58 For the three months March 31, 2022 and 2021, there were 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, 2020 16,595,783 2,679,603 Exercise of stock options 27,926 - Conversion of Class C to Class A 48,527 (48,527 ) Outstanding shares at March 31, 2021 16,672,236 2,631,076 Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 50,223 - Conversion of Class C to Class A 207 (207 ) Outstanding shares at March 31, 2022 17,693,152 2,866,358 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Business Segment Information	7) Business Segment Information Description of Products and Services by Segment The Company has three reportable business segments: life insurance, cemetery and mortuary, and mortgage. The Company’s life insurance segment consists of life insurance premiums and operating expenses from the sale of insurance products sold by the Company’s independent agency force and net investment income derived from investing policyholder and segment surplus funds. The Company’s cemetery and mortuary segment consists of revenues and operating expenses from the sale of at-need cemetery and mortuary merchandise and services at its mortuaries and cemeteries, pre-need sales of cemetery spaces after collection of 10% or more of the purchase price and the net investment income from investing segment surplus funds. The Company’s mortgage segment consists of fee income and expenses from the originations of residential mortgage loans and interest earned and interest expenses from warehousing loans held for sale. Measurement of Segment Profit or Loss and Segment Assets The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles of the Form 10-K for the year ended December 31, 2021. 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 7) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated For the Three Months Ended March 31, 2022 Revenues from external customers $ 41,501,809 $ 7,463,194 $ 53,460,904 $ - $ 102,425,907 Intersegment revenues 1,695,779 182,589 74,709 (1,953,077 ) - Segment profit before income taxes 816,485 2,020,317 1,606,714 - 4,443,516 Identifiable Assets 1,241,160,139 77,002,286 295,671,662 (99,284,078 ) 1,514,550,009 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,243,925,709 79,490,499 295,671,662 (99,284,078 ) 1,519,803,792 For the Three Months Ended March 31, 2021 Revenues from external customers $ 38,943,834 $ 6,999,265 $ 76,715,507 $ - $ 122,658,606 Intersegment revenues 1,902,052 77,507 161,016 (2,140,575 ) - Segment profit before income taxes 2,695,028 2,700,945 10,959,082 - 16,355,055 Identifiable Assets 1,174,305,180 57,269,639 337,524,300 (84,391,181 ) 1,484,707,938 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 1,177,070,750 58,023,657 337,524,300 (84,391,181 ) 1,488,227,526 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8) Fair Value of Financial Instruments GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. Fair value measurements are classified under the following hierarchy: Level 1: Level 2: a) Quoted prices for similar assets or liabilities in active markets; b) Quoted prices for identical or similar assets or liabilities in non-active markets; or c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: The Company utilizes a combination of third-party valuation service providers, brokers, and internal valuation models to determine fair value. The following methods and assumptions were used by the Company in estimating the fair value disclosures related to significant financial instruments. The items shown under Level 1 and Level 2 are valued as follows: Fixed Maturity Securities Available for Sale Equity Securities Restricted Assets Cemetery Perpetual Care Trust Investments Call and Put Option Derivatives Additionally, there were no transfers between Level 1 and Level 2 in the fair value hierarchy. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The items shown under Level 3 are valued as follows: Loans Held for Sale 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 uses market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparable properties and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at March 31, 2022. Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a recurring basis Fixed maturity securities available for sale $ 272,213,552 $ - $ 270,201,780 $ 2,011,772 Equity securities 11,511,141 11,511,141 - - Loans held for sale 234,012,872 - - 234,012,872 Restricted assets (1) 1,525,252 - 1,525,252 - Restricted assets (2) 3,727,966 3,727,966 - - Cemetery perpetual care trust investments (1) (1) 745,798 - 745,798 - Cemetery perpetual care trust investments (2) (2) 2,665,306 2,665,306 - - Derivatives - loan commitments (3) 11,282,703 - - 11,282,703 Total assets accounted for at fair value on a recurring basis $ 537,684,590 $ 17,904,413 $ 272,472,830 $ 247,307,347 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (24,129 ) $ (24,129 ) $ - $ - Derivatives - put options (4) (29,351 ) (29,351 ) - - Derivatives - loan commitments (4) (1,591,817 ) - - (1,591,817 ) Total liabilities accounted for at fair value $ (1,645,297 ) $ (53,480 ) $ - $ (1,591,817 ) (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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at December 31, 2021. Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs 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) (1) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) (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 $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a 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 $ (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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2022, 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 3/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 234,012,872 Market approach Investor contract pricing as a percentage of unpaid principal balance 91.0 % 105.6 % 100.3 % Derivatives - loan commitments (net) 9,690,886 Market approach Pull-through rate 67.4 % 95.0 % 83.2 % Initial-Value N/A N/A N/A Servicing 0 bps 244 bps 70 bps Fixed maturity securities available for sale 2,011,772 Broker quotes Pricing quotes $ 96.87 $ 111.11 $ 106.79 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: 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three months ending March 31, 2022: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 1,039,216,582 - Sales, maturities and paydowns - (1,132,085,830 ) (11,950 ) Transfer to mortgage loans held for investment - Total gains (losses): Included in earnings 2,675,371 (1) 24,105,293 (1) 961 (2) Included in other comprehensive income - - (587 ) Balance - March 31, 2022 $ 9,690,886 $ 234,012,872 $ 2,011,772 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three months ending March 31, 2021: Net 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 and purchases - 1,449,841,009 - Sales, maturities and paydowns - (1,614,880,058 ) (11,100 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings 314,466 (1) 46,498,954 (1) 893 (2) Included in other comprehensive income - - 125 Balance - March 31, 2021 $ 10,443,076 $ 304,030,372 $ 2,191,093 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following table summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at March 31, 2022. Schedule of Fair Value Assets Measured on a Nonrecurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans held for investment 718,284 - - 718,284 Impaired real estate held for sale 191,781 - - 191,781 Total assets accounted for at fair value on a nonrecurring basis $ 910,065 $ - $ - $ 910,065 The following table summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at December 31, 2021. Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments 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 March 31, 2022 and December 31, 2021. 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 March 31, 2022: 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 $ 44,590,436 $ - $ - $ 46,153,365 $ 46,153,365 Residential construction 192,585,898 - - 192,585,898 192,585,898 Commercial 42,735,505 - - 42,783,489 42,783,489 Mortgage loans held for investment, net $ 279,911,839 $ - $ - $ 281,522,752 $ 281,522,752 Policy loans 13,261,353 - - 13,261,353 13,261,353 Insurance assignments, net (1) 52,950,602 - - 52,950,602 52,950,602 Restricted assets (2) 1,971,838 - - 1,971,838 1,971,838 Cemetery perpetual care trust investments (2) 1,724,903 - - 1,724,903 1,724,903 Mortgage servicing rights, net 55,583,962 - - 87,221,362 87,221,362 Liabilities Bank and other loans payable $ (233,626,919 ) $ - $ - $ (233,626,919 ) $ (233,626,919 ) Policyholder account balances (3) (42,541,630 ) - - (35,587,466 ) (35,587,466 ) Future policy benefits - annuities (3) (107,231,307 ) - - (116,276,319 ) (116,276,319 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments 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: 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 The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of these financial instruments are summarized as follows: Mortgage Loans Held for Investment Residential – The estimated fair value 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Allowance for Doubtful Accounts	9) Allowance for Doubtful Accounts The Company records an allowance and recognizes an expense for potential losses from other investments and receivables in accordance with generally accepted accounting principles. Receivables are the result of cemetery and mortuary operations, mortgage loan operations and life insurance operations. The allowance is based upon the Company’s historical experience for collectively evaluated impairment. Other allowances are based upon receivables individually evaluated for impairment. Collectability of the cemetery and mortuary receivables is significantly influenced by current economic conditions. The critical issues that impact recovery of mortgage loan operations are interest rate risk, loan underwriting, new regulations and the overall economy

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	10) Derivative Instruments Mortgage Banking Derivatives Loan Commitments The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of loan commitments from the time a loan commitment is made to an applicant to the time the loan that would result from the exercise of that loan commitment is funded. Managing price risk is complicated by the fact that the ultimate percentage of loan commitments that will be exercised (i.e., the number of loans that will be funded) fluctuates. The probability that a loan will not be funded or the loan application is denied or withdrawn within the terms of the commitment is driven by a number of factors, particularly the change, if any, in mortgage rates following the issuance of the loan commitment. In general, the probability of funding increases if mortgage rates rise and decreases if mortgage rates fall. This is due primarily to the relative attractiveness of current mortgage rates compared to the applicant’s committed rate. The probability that a loan will not be funded within the terms of the mortgage loan commitment also is influenced by the source of the applications (retail, broker or correspondent channels), proximity to rate lock expiration, purpose for the loan (purchase or refinance), product type and the application approval status. The Company has developed fallout estimates using historical data that take into account all of the variables, as well as renegotiations of rate and point commitments that tend to occur when mortgage rates fall. These fallout estimates are used to estimate the number of loans that the Company expects to be funded within the terms of the loan commitments and are updated periodically to reflect the most current data. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 10) Derivative Instruments 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 net of estimated commission expense. 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 related 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. 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. Forward Sale Commitments The Company utilizes forward commitments to economically hedge the price risk associated with its outstanding mortgage loan commitments. A forward commitment protects the Company from losses on sales of the loans arising from exercise of the loan commitments. Management expects these types of commitments will experience changes in fair value opposite to changes in fair value of the loan commitments, thereby reducing earnings volatility related to the recognition in earnings of changes in the values of the commitments. The net changes in fair value of loan commitments and forward sale commitments are shown in current earnings as a component of mortgage fee income on the consolidated statements of earnings. Mortgage banking derivatives are shown in other assets and other liabilities and accrued expenses on the condensed consolidated balance sheets. Call and Put Options Derivatives The Company uses a strategy of selling “out of the money” call options on its equity securities as a source of revenue. The options give the purchaser the right to buy from the Company specified equity securities at a set price up to a pre-determined date in the future. The Company uses the strategy of selling put options as a means of generating cash or purchasing equity securities at lower than current market prices. The Company receives an immediate payment of cash for the value of the option and establishes a liability for the fair value of the option. The liability for options is adjusted to fair value at each reporting date. In the event a call option is exercised, the Company sells the equity security at a favorable price enhanced by the value of the option that was sold. If the option expires unexercised, the Company recognizes a gain from the expired option. In the event a put option is exercised, the Company acquires an equity security at the strike price of the option reduced by the value received from the sale of the put option. The equity security is then treated as a normal equity security in the Company’s portfolio. The net changes in the fair value of call and put options are shown in current earnings as a component of realized gains (losses) on investments and other assets. Call and put options are shown in other liabilities and accrued expenses on the condensed consolidated balance sheets. The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value March 31, 2022 December 31, 2021 Balance Sheet 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 $ 902,295,000 $ 11,282,703 $ 1,591,817 $ 862,568,967 $ 8,563,410 $ 1,547,895 Call options Other liabilities 831,250 - 24,129 982,500 - 50,936 Put options Other liabilities 823,000 - 29,351 362,900 - 4,493 Total $ 903,949,250 $ 11,282,703 $ 1,645,297 $ 863,914,367 $ 8,563,410 $ 1,603,324 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 10) Derivative Instruments 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 Net Amount Gain (Loss) Three Months Ended March 31 Derivative Classification 2022 2021 Loan commitments Mortgage fee income $ 2,675,371 $ 314,466 Call and put options Gains on investments and other assets $ 61,195 $ 26,762

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Reinsurance, Commitments and Contingencies	11) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks in excess of a specified limit, which ranges from $ 25,000 100,000 Mortgage Loan Loss Settlements Future loan losses can be extremely difficult to estimate. However, the Company believes that the Company’s reserve methodology and its current practice of property preservation allow it to estimate its potential losses on loans sold. See Note 4 to the condensed consolidated financial statements for additional information about the Company’s loan loss reserve. Debt Covenants for Mortgage Warehouse Lines of Credit The Company, through its subsidiary SecurityNational Mortgage, has a $ 100,000,000 The agreement charges interest at the 1-Month LIBOR rate plus 2.1% June 9, 2022 1.00 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 The agreement charges interest at the 1-Month LIBOR rate plus 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 The agreement charges interest at the 1-Month LIBOR rate plus 2.15% May 27, 2022 1.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 11) Reinsurance, Commitments and Contingencies 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 The agreement charges interest at the 1-Month LIBOR rate plus 2.0% June 4, 2022 The Company is required to comply with covenants for adjusted tangible net worth, unrestricted cash balance, and minimum combined pre-tax income (excluding any changes in the fair value of mortgage servicing rights) of at least $ 1.00 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 March 31, 2022, the Company was in compliance with all debt covenants. Other Contingencies and Commitments The Company has entered into commitments to fund construction and land development loans and has also provided financing for land acquisition and development. As of March 31, 2022, the Company’s commitments were approximately $ 335,619,000 196,848,609 50 80 5.25 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, if adversely determined, 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights	12) Mortgage Servicing Rights The Company initially records these MSRs at fair value as discussed in Note 8. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. Amortization expense is included in other expenses on the consolidated statements of earnings. MSR amortization is determined by amortizing the MSR balance in proportion to, and over the period of the estimated future net servicing income of the underlying financial assets. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current-period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. Management periodically reviews the various loan strata to determine whether the value of the MSRs in a given stratum is impaired and likely to recover. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance. The following table presents the MSR activity. Schedule of Mortgage Servicing Rights As of March 31 As of December 31 Amortized cost: Balance before valuation allowance at beginning of year $ 53,060,455 $ 35,210,516 MSR additions resulting from loan sales 5,675,473 32,701,819 Amortization (1) (3,151,966 ) (14,851,880 ) Application of valuation allowance to write down MSRs - - Balance before valuation allowance at end of period $ 55,583,962 $ 53,060,455 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 55,583,962 $ 53,060,455 Estimated fair value of MSRs at end of period $ 87,221,362 $ 68,811,809 (1) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 12) Mortgage Servicing Rights 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 March 31, 2022 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 2021 6,543,930 2022 5,684,434 2023 5,126,410 2024 4,565,886 2025 4,073,817 Thereafter 29,589,485 Total $ 55,583,962 The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the condensed consolidated statement of earnings. Schedule of Other Revenues 2022 2021 Three Months Ended 2022 2021 Contractual servicing fees $ 4,506,260 $ 3,387,472 Late fees 100,038 81,050 Total 100,038 81,050 Total $ 4,606,298 $ 3,468,522 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio As of March 31 As of December 31 Servicing UPB $ 7,398,684,888 $ 7,060,536,350 The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount March 31, 2022 8.80 7.79 9.50 December 31, 2021 11.60 6.64 9.50 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	13) Income Taxes The Company’s overall effective tax rate for the three months ended March 31, 2022 and 2021 was 27.3 25.8 1,214,798 4,226,340 21 Interim income taxes are based on an estimated annualized effective tax rate applied to the respective quarterly periods, adjusted for discrete tax items in the period in which they occur. Although the Company believes its tax estimates are reasonable, the Company can make no assurance that the final tax outcome of these matters will not be different from that which it has reflected in its historical income tax provisions and accruals.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	14) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers Information about Performance Obligations and Contract Balances The Company’s cemetery and mortuary segment sells a variety of goods and services to customers in both at-need and pre-need situations. Due to the timing of the fulfillment of the obligation, revenue is deferred until that obligation is fulfilled. The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue Deferred Pre-need Land Revenue 10 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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 14) Revenues from Contracts with Customers 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 (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (3/31/2022) 5,541,120 - 15,270,642 Increase/(decrease) 242,484 - 762,620 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 (1) Included in Receivables, net on the condensed consolidated balance sheets The amount of revenue recognized and included in the opening contract liability balance for the three months ended March 31, 2022 and 2021 was $ 1,064,104 1,135,001 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. Schedule of Revenues of the Cemetery and Mortuary Contracts 2022 2021 Three Months Ended 2022 2021 Major goods/service lines At-need $ 5,866,878 $ 4,042,020 Pre-need 1,338,843 1,900,106 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126 Timing of Revenue Recognition Goods transferred at a point in time $ 4,180,545 $ 4,198,673 Services transferred at a point in time 3,025,176 1,743,453 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126 The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information 2022 2021 Three Months Ended 2022 2021 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126 Gains (losses) on investments and other assets (254,525 ) 798,340 Net investment income 496,459 230,304 Other revenues 15,539 28,495 Revenues from external customers 7,463,194 6,999,265

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of March 31, 2022 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 51,218,752 $ 210,351 $ (740,495 ) $ 50,688,608 Obligations of states and political subdivisions 4,638,702 96,125 (45,061 ) 4,689,766 Corporate securities including public utilities 175,511,122 10,036,162 (1,505,578 ) 184,041,706 Mortgage-backed securities 33,066,449 274,636 (829,922 ) 32,511,163 Redeemable preferred stock 269,214 13,095 - 282,309 Total fixed maturity securities available for sale $ 264,704,239 $ 10,630,369 $ (3,121,056 ) $ 272,213,552 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 8,662,438 $ 3,165,378 $ (316,675 ) $ 11,511,141 Total equity securities at estimated fair value $ 8,662,438 $ 3,165,378 $ (316,675 ) $ 11,511,141 Mortgage loans held for investment at amortized cost: Residential $ 46,552,738 Residential construction 193,151,868 Commercial 43,251,622 Less: Unamortized deferred loan fees, net (1,075,371 ) Less: Allowance for loan losses (1,603,676 ) Less: Net discounts (365,342 ) Total mortgage loans held for investment $ 279,911,839 Real estate held for investment - net of accumulated depreciation: Residential $ 42,580,341 Commercial 158,798,737 Total real estate held for investment $ 201,379,078 Real estate held for sale: Residential $ 402,744 Commercial 2,540,698 Total real estate held for sale $ 2,943,442 Other investments and policy loans at amortized cost: Policy loans $ 13,261,353 Insurance assignments 54,755,913 Federal Home Loan Bank stock (1) 2,588,400 Other investments 4,768,894 Less: Allowance for doubtful accounts (1,805,311 ) Total policy loans and other investments $ 73,569,249 Accrued investment income $ 5,632,626 Total investments $ 847,160,927 (1) Includes $ 937,100 1,651,300 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments The Company’s investments as of December 31, 2021 are summarized as follows: 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
Schedule of Fair Value of Fixed Maturity Securities	The following table summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value at March 31, 2022 and at December 31, 2021. 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 Combined Unrealized Loss Combined Fair Value At March 31, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 740,495 $ 29,372,895 $ - $ - $ 740,495 $ 29,372,895 Obligations of States and Political Subdivisions 45,061 1,377,655 - - 45,061 1,377,655 Corporate Securities 1,026,974 28,212,781 478,604 3,896,622 1,505,578 32,109,403 Mortgage and other asset-backed securities 655,663 22,390,497 174,259 1,670,730 829,922 24,061,227 Totals $ 2,468,193 $ 81,353,828 $ 652,863 $ 5,567,352 $ 3,121,056 $ 86,921,180 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 Totals $ 148,448 $ 13,122,225 $ 368,541 $ 5,354,617 $ 516,989 $ 18,476,842
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 2022 2021 Balance of credit-related OTTI at January 1 $ 264,977 $ 370,975 Additions for credit impairments recognized on: Securities not previously impaired - - Securities previously impaired - - Reductions for credit impairments previously recognized on: Securities that matured or were sold during the period (realized) - - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at March 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 March 31, 2022, 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 Due in 1 year $ 13,431,790 $ 13,486,895 Due in 2-5 years 97,740,824 98,279,298 Due in 5-10 years 53,462,561 55,425,119 Due in more than 10 years 66,833,402 72,328,770 Mortgage-backed securities 33,066,449 32,511,163 Redeemable preferred stock 269,214 282,309 Total $ 264,704,239 $ 272,213,552
Schedule of Gain (Loss) on Investments	The following table 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 2022 2021 Three Months Ended March 31 2022 2021 Fixed maturity securities: Gross realized gains $ 46,123 $ 97,622 Gross realized losses (930 ) (24,997 ) Equity securities: Gains (losses) on securities sold (10,279 ) 106,569 Unrealized gains and (losses) on securities held at the end of the period (607,047 ) 952,030 Other assets: Gross realized gains 838,508 1,109,358 Gross realized losses (94,400 ) (280,469 ) Total $ 171,975 $ 1,960,113
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 2022 2021 Three Months Ended March 31 2022 2021 Proceeds from sales $ 455,651 $ 819,565 Gross realized gains 2,354 59,794 Gross realized losses (20 ) - SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 3) Investments Major categories of net investment income were as follows: 2022 2021 Three Months Ended March 31 2022 2021 Fixed maturity securities available for sale $ 2,636,216 $ 2,824,111 Equity securities 123,037 128,229 Mortgage loans held for investment 7,960,178 6,084,417 Real estate held for investment and sale 3,040,033 3,042,829 Policy loans 306,282 232,353 Insurance assignments 5,396,987 5,345,729 Other investments 70,645 13,707 Cash and cash equivalents 75,301 39,594 Gross investment income 19,608,679 17,710,969 Investment expenses (4,414,373 ) (3,417,082 ) Net investment income $ 15,194,306 $ 14,293,887
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 March 31 December 31 2021 March 31 December 31 2021 Utah (1) 153,457,809 150,105,948 625,920 675,920 Louisiana 2,415,170 2,426,612 31,778 31,778 Mississippi 2,925,758 2,860,775 19,694 19,694 $ 158,798,737 $ 155,393,335 677,392 727,392 (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 March 31 December 31 2021 March 31 December 31 2021 Kansas 2,000,000 2,000,000 222,679 222,679 California 389,145 389,145 2,872 2,872 Mississippi (1) 151,553 151,553 - - $ 2,540,698 $ 2,540,698 225,551 225,551 (1) Approximately 93 acres of undeveloped land
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 March 31 December 31 2021 Utah (1) 42,580,341 $ 41,686,281 Washington (2) - 286,181 $ 42,580,341 $ 41,972,462 (1) Includes subdivision land developments (2) Improved residential lots The following table presents additional information regarding the Company’s subdivision land developments in Utah. March 31 December 31 2021 Lots developed 68 67 Lots to be developed 548 548 Ending Balance $ 42,376,141 $ 41,479,434 The Company’s residential real estate held for sale is summarized as follows: March 31 December 31 2021 Net Ending Balance March 31 December 31 2021 Nevada $ - $ 979,640 Texas 200,963 200,962 Ohio 10,000 10,000 Washington (1) 191,781 - Real estate held for sale $ 402,744 $ 1,190,602 (1) Improved residential lots
Schedule of Real Estate Owned and Occupied by the Company	The primary business units of the Company occupy a portion of the real estate owned by the Company. As of March 31, 2022, 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 Building 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 Allowance for Loan Losses as Contra- Asset Account	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 March 31, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Charge-offs - - - - Provision - (96,226 ) - (96,226 ) Ending balance - March 31, 2022 $ 187,129 $ 1,373,345 $ 43,202 $ 1,603,676 Ending balance: individually evaluated for impairment $ - $ 99,036 $ - $ 99,036 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,274,309 $ 43,202 $ 1,504,640 Mortgage loans: Ending balance - March 31, 2022 $ 43,251,622 $ 46,552,738 $ 193,151,868 $ 282,956,228 Ending balance: individually evaluated for impairment $ 1,736,752 $ 1,863,882 $ - $ 3,600,634 Ending balance: collectively evaluated for impairment $ 41,514,870 $ 44,688,856 $ 193,151,868 $ 279,355,594 December 31, 2021 Allowance for credit losses: Beginning balance - January 1, 2021 $ 187,129 $ 1,774,796 $ 43,202 $ 2,005,127 Charge-offs - - - - Provision - (305,225 ) - (305,225 ) Ending balance - December 31, 2021 $ 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 - December 31, 2021 $ 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 $ 276,062,489 (1) (1) Amount corrected from that previously reported due to a typographical error.
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 March 31, 2022 30-59 Days Past Due $ - $ 1,294,666 $ - $ 1,294,666 60-89 Days Past Due - 978,669 - 978,669 Greater Than 90 Days (1) 1,233,200 1,153,957 - 2,387,157 In Process of Foreclosure (1) 503,552 709,925 - 1,213,477 Total Past Due 1,736,752 4,137,217 - 5,873,969 Current 41,514,870 42,415,521 193,151,868 277,082,259 Total Mortgage Loans 43,251,622 46,552,738 193,151,868 282,956,228 Allowance for Loan Losses (187,129 ) (1,373,345 ) (43,202 ) (1,603,676 ) Unamortized deferred loan fees, net (84,626 ) (467,977 ) (522,768 ) (1,075,371 ) Unamortized discounts, net (244,362 ) (120,980 ) - (365,342 ) Net Mortgage Loans $ 42,735,505 $ 44,590,436 $ 192,585,898 $ 279,911,839 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 (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 March 31, 2022 With no related allowance recorded: Commercial $ 1,736,752 $ 1,736,752 $ - $ 1,736,752 $ - Residential 1,046,562 1,046,562 - 1,046,563 - Residential construction - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 817,320 817,320 99,036 817,320 - Residential construction - - - - - Total: Commercial $ 1,736,752 $ 1,736,752 $ - $ 1,736,752 $ - Residential 1,863,882 1,863,882 99,036 1,863,883 - Residential construction - - - - - 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 -
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 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Performing $ 41,514,870 $ 49,959,650 $ 44,688,856 $ 50,985,056 $ 193,151,868 $ 175,117,783 $ 279,355,594 $ 276,062,489 Non-performing 1,736,752 1,723,372 1,863,882 2,548,656 - - 3,600,634 4,272,028 Total $ 43,251,622 $ 51,683,022 $ 46,552,738 $ 53,533,712 $ 193,151,868 $ 175,117,783 $ 282,956,228 $ 280,334,517

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2022
Loans Held For Sale
Summary 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. Summary of Aggregate fair value - Loans Held for Sale As of March 31 As of December 31 2021 Aggregate fair value $ 234,012,872 $ 302,776,827 Unpaid principal balance 228,907,138 294,481,503 Unrealized gain 5,105,734 8,295,324
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 2022 2021 Three Months Ended March 31 2022 2021 Loan fees $ 7,087,182 $ 9,539,956 Interest income 2,031,869 2,311,802 Secondary gains 39,602,614 68,438,933 Change in fair value of loan commitments 2,675,371 314,466 Change in fair value of loans held for sale (2,746,565 ) (6,945,882 ) Provision for loan loss reserve (306,026 ) (660,663 ) Mortgage fee income $ 48,344,445 $ 72,998,612
Summary 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: Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses As of March 31 As of December 31 Balance, beginning of period $ 2,447,139 $ 20,583,618 Provision on current loan originations (1) 306,026 2,211,230 Charge-offs, net of recaptured amounts (609,775 ) (20,347,709 ) Balance, end of period $ 2,143,390 $ 2,447,139 (1) Included in mortgage fee income

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Activity of Stock Option Plans	A summary of the status of the Company’s stock compensation plans as of March 31, 2022, and the changes during the three months ended March 31, 2022, are presented below: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.61 821,146 $ 5.48 Adjustment for effect of stock dividends - - Granted 4,000 - Exercised (50,968 ) - Cancelled - - Outstanding at March 31, 2022 977,383 $ 4.77 821,146 $ 5.48 As of March 31, 2022: Options exercisable 906,258 $ 4.46 648,646 $ 4.67 As of March 31, 2022: Available options for future grant 228,376 16,689 Weighted average contractual term of options outstanding at March 31, 2022 4.44 7.00 Weighted average contractual term of options exercisable at March 31, 2022 4.03 6.57 Aggregated intrinsic value of options outstanding at March 31, 2022 (1) $ 5,115,622 $ 3,666,085 Aggregated intrinsic value of options exercisable at March 31, 2022 (1) $ 5,017,469 $ 3,460,285 (1) The Company used a stock price of $ 10.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 5) Stock Compensation Plans A summary of the status of the Company’s stock compensation plans as of March 31, 2021, and the changes during the three months ended March 31, 2021, are presented below: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2021 1,072,863 $ 4.33 662,666 $ 4.73 Adjustment for effect of stock dividends - - Granted - - Exercised (32,925 ) - Cancelled - - Outstanding at March 31, 2021 1,039,938 $ 4.34 662,666 $ 4.73 As of March 31, 2021: Options exercisable 1,039,938 $ 4.34 662,666 $ 4.73 As of March 31, 2021: Available options for future grant 330,371 266,500 Weighted average contractual term of options outstanding at March 31, 2021 6.28 6.71 Weighted average contractual term of options exercisable at March 31, 2021 6.28 6.71 Aggregated intrinsic value of options outstanding at March 31, 2021 (1) $ 5,212,677 $ 3,059,620 Aggregated intrinsic value of options exercisable at March 31, 2021 (1) $ 5,212,677 $ 3,059,620 (1) The Company used a stock price of $ 9.35

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
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 2022 2021 Three Months Ended 2022 2021 Numerator: Net earnings $ 3,228,718 $ 12,128,715 Denominator: Basic weighted-average shares outstanding 20,390,153 20,080,994 Effect of dilutive securities: Employee stock options 842,367 928,251 Diluted weighted-average shares outstanding 21,232,520 21,009,245 Basic net earnings per share $ 0.16 $ 0.60 Diluted net earnings per share $ 0.15 $ 0.58
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, 2020 16,595,783 2,679,603 Exercise of stock options 27,926 - Conversion of Class C to Class A 48,527 (48,527 ) Outstanding shares at March 31, 2021 16,672,236 2,631,076 Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 50,223 - Conversion of Class C to Class A 207 (207 ) Outstanding shares at March 31, 2022 17,693,152 2,866,358

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Revenues and Expenses by Reportable Segment	Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated For the Three Months Ended March 31, 2022 Revenues from external customers $ 41,501,809 $ 7,463,194 $ 53,460,904 $ - $ 102,425,907 Intersegment revenues 1,695,779 182,589 74,709 (1,953,077 ) - Segment profit before income taxes 816,485 2,020,317 1,606,714 - 4,443,516 Identifiable Assets 1,241,160,139 77,002,286 295,671,662 (99,284,078 ) 1,514,550,009 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,243,925,709 79,490,499 295,671,662 (99,284,078 ) 1,519,803,792 For the Three Months Ended March 31, 2021 Revenues from external customers $ 38,943,834 $ 6,999,265 $ 76,715,507 $ - $ 122,658,606 Intersegment revenues 1,902,052 77,507 161,016 (2,140,575 ) - Segment profit before income taxes 2,695,028 2,700,945 10,959,082 - 16,355,055 Identifiable Assets 1,174,305,180 57,269,639 337,524,300 (84,391,181 ) 1,484,707,938 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 1,177,070,750 58,023,657 337,524,300 (84,391,181 ) 1,488,227,526

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at March 31, 2022. Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a recurring basis Fixed maturity securities available for sale $ 272,213,552 $ - $ 270,201,780 $ 2,011,772 Equity securities 11,511,141 11,511,141 - - Loans held for sale 234,012,872 - - 234,012,872 Restricted assets (1) 1,525,252 - 1,525,252 - Restricted assets (2) 3,727,966 3,727,966 - - Cemetery perpetual care trust investments (1) (1) 745,798 - 745,798 - Cemetery perpetual care trust investments (2) (2) 2,665,306 2,665,306 - - Derivatives - loan commitments (3) 11,282,703 - - 11,282,703 Total assets accounted for at fair value on a recurring basis $ 537,684,590 $ 17,904,413 $ 272,472,830 $ 247,307,347 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (24,129 ) $ (24,129 ) $ - $ - Derivatives - put options (4) (29,351 ) (29,351 ) - - Derivatives - loan commitments (4) (1,591,817 ) - - (1,591,817 ) Total liabilities accounted for at fair value $ (1,645,297 ) $ (53,480 ) $ - $ (1,591,817 ) (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 Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at December 31, 2021. Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs 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) (1) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) (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 $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a 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 $ (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
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 March 31, 2022, 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 3/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 234,012,872 Market approach Investor contract pricing as a percentage of unpaid principal balance 91.0 % 105.6 % 100.3 % Derivatives - loan commitments (net) 9,690,886 Market approach Pull-through rate 67.4 % 95.0 % 83.2 % Initial-Value N/A N/A N/A Servicing 0 bps 244 bps 70 bps Fixed maturity securities available for sale 2,011,772 Broker quotes Pricing quotes $ 96.87 $ 111.11 $ 106.79 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: 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
Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs	The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three months ending March 31, 2022: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 1,039,216,582 - Sales, maturities and paydowns - (1,132,085,830 ) (11,950 ) Transfer to mortgage loans held for investment - Total gains (losses): Included in earnings 2,675,371 (1) 24,105,293 (1) 961 (2) Included in other comprehensive income - - (587 ) Balance - March 31, 2022 $ 9,690,886 $ 234,012,872 $ 2,011,772 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three months ending March 31, 2021: Net 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 and purchases - 1,449,841,009 - Sales, maturities and paydowns - (1,614,880,058 ) (11,100 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings 314,466 (1) 46,498,954 (1) 893 (2) Included in other comprehensive income - - 125 Balance - March 31, 2021 $ 10,443,076 $ 304,030,372 $ 2,191,093 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings
Schedule of Fair Value Assets Measured on a Nonrecurring Basis	The following table summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at March 31, 2022. Schedule of Fair Value Assets Measured on a Nonrecurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans held for investment 718,284 - - 718,284 Impaired real estate held for sale 191,781 - - 191,781 Total assets accounted for at fair value on a nonrecurring basis $ 910,065 $ - $ - $ 910,065 The following table summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at December 31, 2021. Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs 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
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 March 31, 2022: 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 $ 44,590,436 $ - $ - $ 46,153,365 $ 46,153,365 Residential construction 192,585,898 - - 192,585,898 192,585,898 Commercial 42,735,505 - - 42,783,489 42,783,489 Mortgage loans held for investment, net $ 279,911,839 $ - $ - $ 281,522,752 $ 281,522,752 Policy loans 13,261,353 - - 13,261,353 13,261,353 Insurance assignments, net (1) 52,950,602 - - 52,950,602 52,950,602 Restricted assets (2) 1,971,838 - - 1,971,838 1,971,838 Cemetery perpetual care trust investments (2) 1,724,903 - - 1,724,903 1,724,903 Mortgage servicing rights, net 55,583,962 - - 87,221,362 87,221,362 Liabilities Bank and other loans payable $ (233,626,919 ) $ - $ - $ (233,626,919 ) $ (233,626,919 ) Policyholder account balances (3) (42,541,630 ) - - (35,587,466 ) (35,587,466 ) Future policy benefits - annuities (3) (107,231,307 ) - - (116,276,319 ) (116,276,319 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited) 8) Fair Value of Financial Instruments 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: 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

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 December 31, 2021 Balance Sheet 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 $ 902,295,000 $ 11,282,703 $ 1,591,817 $ 862,568,967 $ 8,563,410 $ 1,547,895 Call options Other liabilities 831,250 - 24,129 982,500 - 50,936 Put options Other liabilities 823,000 - 29,351 362,900 - 4,493 Total $ 903,949,250 $ 11,282,703 $ 1,645,297 $ 863,914,367 $ 8,563,410 $ 1,603,324
Schedule of Gains and Losses on Derivatives	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 Net Amount Gain (Loss) Three Months Ended March 31 Derivative Classification 2022 2021 Loan commitments Mortgage fee income $ 2,675,371 $ 314,466 Call and put options Gains on investments and other assets $ 61,195 $ 26,762

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Mortgage Servicing Rights	The following table presents the MSR activity. Schedule of Mortgage Servicing Rights As of March 31 As of December 31 Amortized cost: Balance before valuation allowance at beginning of year $ 53,060,455 $ 35,210,516 MSR additions resulting from loan sales 5,675,473 32,701,819 Amortization (1) (3,151,966 ) (14,851,880 ) Application of valuation allowance to write down MSRs - - Balance before valuation allowance at end of period $ 55,583,962 $ 53,060,455 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 55,583,962 $ 53,060,455 Estimated fair value of MSRs at end of period $ 87,221,362 $ 68,811,809 (1) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights	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 March 31, 2022 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 2021 6,543,930 2022 5,684,434 2023 5,126,410 2024 4,565,886 2025 4,073,817 Thereafter 29,589,485 Total $ 55,583,962
Schedule of Other Revenues	The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the condensed consolidated statement of earnings. Schedule of Other Revenues 2022 2021 Three Months Ended 2022 2021 Contractual servicing fees $ 4,506,260 $ 3,387,472 Late fees 100,038 81,050 Total 100,038 81,050 Total $ 4,606,298 $ 3,468,522
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 As of March 31 As of December 31 Servicing UPB $ 7,398,684,888 $ 7,060,536,350
Schedule of Assumptions Used in Determining MSR Value	The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount March 31, 2022 8.80 7.79 9.50 December 31, 2021 11.60 6.64 9.50

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2022
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 (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (3/31/2022) 5,541,120 - 15,270,642 Increase/(decrease) 242,484 - 762,620 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 (1) Included in Receivables, net on the condensed consolidated balance sheets
Schedule of Revenues of the Cemetery and Mortuary Contracts	The following table disaggregates revenue for the Company’s cemetery and mortuary contracts. Schedule of Revenues of the Cemetery and Mortuary Contracts 2022 2021 Three Months Ended 2022 2021 Major goods/service lines At-need $ 5,866,878 $ 4,042,020 Pre-need 1,338,843 1,900,106 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126 Timing of Revenue Recognition Goods transferred at a point in time $ 4,180,545 $ 4,198,673 Services transferred at a point in time 3,025,176 1,743,453 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126
Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information	The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information 2022 2021 Three Months Ended 2022 2021 Net mortuary and cemetery sales $ 7,205,721 $ 5,942,126 Gains (losses) on investments and other assets (254,525 ) 798,340 Net investment income 496,459 230,304 Other revenues 15,539 28,495 Revenues from external customers 7,463,194 6,999,265

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 264,704,239		$ 236,303,310
Available for sale securities, unrecognized holding gain	10,630,369		23,501,282
Available for sale securities, unrecognized holding loss	(3,121,056)		(516,989)
Available for sale securities, estimated fair value	272,213,552		259,287,603
Available-for-sale securities, amortized cost basis	8,662,438		8,275,772
Available-for-sale securities, gross unrealized gain	11,511,141		11,596,414
Mortgage loans on real estate and construction	282,956,228		280,334,517
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,075,371)		(918,586)
Mortgage loans on real estate and construction, allowance for losses	(1,603,676)		(1,699,902)		$ (2,005,127)
Mortgage loans on real estate and construction, discount	(365,342)		(409,983)
Mortgage loans on real estate and construction	279,911,839		277,306,046
Real estate held for investment, net of depreciation	201,379,078		197,365,797
Real estate held for sale	2,943,442		3,731,300
Policy loans	13,261,353		13,478,214
Insurance assignments	54,755,913		48,632,808
Federal home loan bank stock	2,588,400	[1]	2,547,100	[2]
Other investments	4,768,894		4,983,251
Allowance for doubtful accounts	(1,805,311)		(1,686,218)
Total policy loans and other investments	73,569,249		67,955,155
Accrued investment income	5,632,626		6,313,012
Total investments	847,160,927		823,555,327
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	51,218,752		22,307,736
Available for sale securities, unrecognized holding gain	210,351		578,567
Available for sale securities, unrecognized holding loss	(740,495)
Available for sale securities, estimated fair value	50,688,608		22,886,303
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	4,638,702		4,649,917
Available for sale securities, unrecognized holding gain	96,125		212,803
Available for sale securities, unrecognized holding loss	(45,061)		(1,989)
Available for sale securities, estimated fair value	4,689,766		4,860,731
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	175,511,122		174,711,061
Available for sale securities, unrecognized holding gain	10,036,162		21,791,370
Available for sale securities, unrecognized holding loss	(1,505,578)		(353,668)
Available for sale securities, estimated fair value	184,041,706		196,148,763
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	33,066,449		34,365,382
Available for sale securities, unrecognized holding gain	274,636		905,159
Available for sale securities, unrecognized holding loss	(829,922)		(161,332)
Available for sale securities, estimated fair value	32,511,163		35,109,209
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	13,095		13,383
Available for sale securities, unrecognized holding loss
Available for sale securities, estimated fair value	282,309		282,597
Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	8,662,438		8,275,772
Available for sale securities, unrecognized holding gain	3,165,378		3,626,444
Available for sale securities, unrecognized holding loss	(316,675)		(305,802)
Available-for-sale securities, gross unrealized gain	11,511,141		11,596,414
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	8,662,438		8,275,772
Available for sale securities, unrecognized holding gain	3,165,378		3,626,444
Available for sale securities, unrecognized holding loss	(316,675)		(305,802)
Available-for-sale securities, gross unrealized gain	11,511,141		11,596,414
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	46,552,738		53,533,712
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(467,977)		(498,600)
Mortgage loans on real estate and construction, allowance for losses	(1,373,345)		(1,469,571)		(1,774,796)
Mortgage loans on real estate and construction, discount	(120,980)		(169,369)
Mortgage loans on real estate and construction	44,590,436		51,396,172
Real estate held for investment, net of depreciation	42,580,341		41,972,462
Real estate held for sale	402,744		1,190,602
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	193,151,868		175,117,783
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(522,768)		(383,173)
Mortgage loans on real estate and construction, allowance for losses	(43,202)		(43,202)		$ (43,202)
Mortgage loans on real estate and construction, discount
Mortgage loans on real estate and construction	192,585,898		174,691,408
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	43,251,622		51,683,022
Real estate held for investment, net of depreciation	158,798,737		155,393,335
Real estate held for sale	$ 2,540,698		$ 2,540,698
[1]	Includes $ 937,100 1,651,300
[2]	Includes $ 905,700 1,641,400

Schedule of Investments (Deta_2

Schedule of Investments (Details) (Parenthethical) - USD ($)	Mar. 31, 2022		Dec. 31, 2021
Short term investment	$ 2,588,400	[1]	$ 2,547,100	[2]
Membership [Member]
Short term investment	937,100		905,700
Activity Stock Due [Member]
Short term investment	$ 1,651,300		$ 1,641,400
[1]	Includes $ 937,100 1,651,300
[2]	Includes $ 905,700 1,641,400

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	$ 2,468,193	$ 148,448
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	81,353,828	13,122,225
Available for Sale Securities, Unrealized Losses for More than Twelve Months	652,863	368,541
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	5,567,352	5,354,617
Available for Sale Securities, Unrealized Losses	3,121,056	516,989
Available for Sale Securities, Fair Value	86,921,180	18,476,842
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	740,495
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	29,372,895
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	740,495
Available for Sale Securities, Fair Value	29,372,895
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	45,061	1,989
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	1,377,655	548,715
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	45,061	1,989
Available for Sale Securities, Fair Value	1,377,655	548,715
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	1,026,974	73,507
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	28,212,781	4,638,750
Available for Sale Securities, Unrealized Losses for More than Twelve Months	478,604	280,161
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	3,896,622	3,771,813
Available for Sale Securities, Unrealized Losses	1,505,578	353,668
Available for Sale Securities, Fair Value	32,109,403	8,410,563
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	655,663	72,952
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	22,390,497	7,934,760
Available for Sale Securities, Unrealized Losses for More than Twelve Months	174,259	88,380
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	1,670,730	1,582,804
Available for Sale Securities, Unrealized Losses	829,922	161,332
Available for Sale Securities, Fair Value	$ 24,061,227	$ 9,517,564

Schedule of Earnings on Fixed M

Schedule of Earnings on Fixed Maturity Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Balance of credit-related OTTI at January 1	$ 264,977	$ 370,975
Securities not previously impaired
Securities previously impaired
Securities that matured or were sold during the period (realized)
Securities due to an increase in expected cash flows
Balance of credit-related OTTI at March 31	$ 264,977	$ 370,975

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized cost	$ 264,704,239	$ 236,303,310
Estimated fair value	272,213,552	259,287,603
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	33,066,449	34,365,382
Estimated fair value	32,511,163	35,109,209
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Amortized cost	269,214	269,214
Estimated fair value	282,309	$ 282,597
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	13,431,790
Estimated fair value	13,486,895
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	97,740,824
Estimated fair value	98,279,298
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	53,462,561
Estimated fair value	55,425,119
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	66,833,402
Estimated fair value	$ 72,328,770

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Income [Line Items]
Gross realized gains	$ 2,354	$ 59,794
Gross realized losses	(20)
Total	171,975	1,960,113
Fixed Maturity Securities [Member]
Net Investment Income [Line Items]
Gross realized gains	46,123	97,622
Gross realized losses	(930)	(24,997)
Equity Securities One [Member]
Net Investment Income [Line Items]
Gains (losses) on securities sold	(10,279)	106,569
Unrealized gains and (losses) on securities held at the end of the period	(607,047)	952,030
Other Assets One [Member]
Net Investment Income [Line Items]
Gross realized gains	838,508	1,109,358
Gross realized losses	$ (94,400)	$ (280,469)

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Marketable Securities [Line Items]
Proceeds from sales	$ 455,651	$ 819,565
Gross realized gains	2,354	59,794
Gross realized losses	(20)
Gross investment income	19,608,679	17,710,969
Investment expenses	(4,414,373)	(3,417,082)
Net investment income	15,194,306	14,293,887
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	2,636,216	2,824,111
Equity Securities 1 [Member]
Marketable Securities [Line Items]
Gross investment income	123,037	128,229
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	7,960,178	6,084,417
Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	3,040,033	3,042,829
Policy Student And Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	306,282	232,353
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	5,396,987	5,345,729
Other Investments [Member]
Marketable Securities [Line Items]
Gross investment income	70,645	13,707
Cash and Cash Equivalents [Member]
Marketable Securities [Line Items]
Gross investment income	$ 75,301	$ 39,594

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Mar. 31, 2022USD ($)ft²	Dec. 31, 2021USD ($)ft²
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 201,379,078	$ 197,365,797
Real estate held for sale		2,943,442	3,731,300
Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 158,798,737	$ 155,393,335
Total square footage | ft²		677,392	727,392
Real estate held for sale		$ 2,540,698	$ 2,540,698
Total square footage | ft²		225,551	225,551
UTAH | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 153,457,809	$ 150,105,948
Total square footage | ft²	[1]	625,920	675,920
LOUISIANA | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,415,170	$ 2,426,612
Total square footage | ft²		31,778	31,778
MISSISSIPPI | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,925,758	$ 2,860,775
Total square footage | ft²		19,694	19,694
Real estate held for sale	[2]	$ 151,553	$ 151,553
Total square footage | ft²	[2]
KANSAS | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		$ 2,000,000	$ 2,000,000
Total square footage | ft²		222,679	222,679
CANADA | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		$ 389,145	$ 389,145
Total square footage | ft²		2,872	2,872
[1]	Includes Center53 phase 1 and phase 2
[2]	Approximately 93 acres of undeveloped land

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 201,379,078	$ 197,365,797
Real estate held for sale		2,943,442	3,731,300
Residential Real Estate [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		42,580,341	41,972,462
Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		402,744	1,190,602
UTAH | Land Developments [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		42,376,141	41,479,434
Lots developed		68	67
Lots to be developed		548	548
UTAH | Residential Real Estate [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	42,580,341	41,686,281
WASHINGTON | Residential Real Estate [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[2]		286,181
WASHINGTON | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale	[3]	191,781
NEVADA | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			979,640
TEXAS | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		200,963	200,962
OHIO | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale		$ 10,000	$ 10,000
[1]	Includes subdivision land developments
[2]	Improved residential lots
[3]	Improved residential lots

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Mar. 31, 2022ft²
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 Allowance for Loan

Schedule of Allowance for Loan Losses as Contra- Asset Account (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning	$ 1,699,902	$ 2,005,127
Allowance for credit losses, charge-offs
Allowance for credit losses, provision	(96,226)	(305,225)
Financing receivable, allowance for credit loss, ending balance	1,603,676	1,699,902
Financing receivable, allowance for credit losses, individually evaluated for impairment	99,036	105,384
Financing receivable, allowance for credit losses, collectively evaluated for impairment	1,504,640	1,594,518
Mortgage loans	282,956,228	280,334,517
Financing receivable, individually evaluated for impairment	3,600,634	4,272,028
Financing receivable, collectively evaluated for impairment	279,355,594	276,062,489	[1]
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	43,251,622	51,683,022
Financing receivable, individually evaluated for impairment	1,736,752	1,723,372
Financing receivable, collectively evaluated for impairment	41,514,870	49,959,650
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning	1,469,571	1,774,796
Allowance for credit losses, charge-offs
Allowance for credit losses, provision	(96,226)	(305,225)
Financing receivable, allowance for credit loss, ending balance	1,373,345	1,469,571
Financing receivable, allowance for credit losses, individually evaluated for impairment	99,036	105,384
Financing receivable, allowance for credit losses, collectively evaluated for impairment	1,274,309	1,364,187
Mortgage loans	46,552,738	53,533,712
Financing receivable, individually evaluated for impairment	1,863,882	2,548,656
Financing receivable, collectively evaluated for impairment	44,688,856	50,985,056
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	193,151,868	175,117,783
Financing receivable, individually evaluated for impairment
Financing receivable, collectively evaluated for impairment	$ 193,151,868	$ 175,117,783
[1]	Amount corrected from that previously reported due to a typographical error.

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Marketable Securities [Line Items]
Mortgage Loans during period		$ 282,956,228		$ 280,334,517
Mortgage Loans, Allowance for Loan Losses		(1,603,676)		(1,699,902)		$ (2,005,127)
Mortgage Loans, Unamortized deferred loan fees, net		(1,075,371)		(918,586)
Mortgage Loans, Unamortized discounts, net		(365,342)		(409,983)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,294,666		4,480,953
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		978,669		681,019
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	2,387,157		3,775,434
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,213,477		496,594
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		5,873,969		9,434,000
Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		277,082,259		270,900,517
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		279,911,839		277,306,046
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		43,251,622		51,683,022
Mortgage Loans, Allowance for Loan Losses		(187,129)		(187,129)		(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(84,626)		(36,813)
Mortgage Loans, Unamortized discounts, net		(244,362)		(240,614)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Commercial Loan [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period				100,204
Commercial Loan [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,233,200		1,723,372
Commercial Loan [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	503,552
Commercial Loan [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,736,752		1,823,576
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		41,514,870		49,859,446
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		42,735,505		51,218,466
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		46,552,738		53,533,712
Mortgage Loans, Allowance for Loan Losses		(1,373,345)		(1,469,571)		(1,774,796)
Mortgage Loans, Unamortized deferred loan fees, net		(467,977)		(498,600)
Mortgage Loans, Unamortized discounts, net		(120,980)		(169,369)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,294,666		3,117,826
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		978,669		580,815
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,153,957		2,052,062
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	709,925		496,594
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		4,137,217		6,247,297
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		42,415,521		47,286,415
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		44,590,436		51,396,172
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		193,151,868		175,117,783
Mortgage Loans, Allowance for Loan Losses		(43,202)		(43,202)		$ (43,202)
Mortgage Loans, Unamortized deferred loan fees, net		(522,768)		(383,173)
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
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]
Residential Construction [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period			[1]	1,363,127
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		193,151,868		173,754,656
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		$ 192,585,898		$ 174,691,408
[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 ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Commercial Loan [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 1,736,752	$ 1,723,372
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,736,752	1,723,372
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,736,752	1,053,865
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	1,736,752	1,723,372
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,736,752	1,723,372
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,736,752	1,053,865
Impaired Financing Receivable, with Interest Income Recognized
Residential Mortgage [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,046,562	1,591,368
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,046,562	1,591,368
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,046,563	2,731,421
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment	817,320	957,288
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	817,320	957,288
Impaired Financing Receivable, Related Allowance	99,036
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	817,320	726,449
Impaired Financing Receivable, with Interest Income Recognized
Residential Mortgage [Member] | Total [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,863,882	2,548,656
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,863,882	2,548,656
Impaired Financing Receivable, Related Allowance	99,036	105,384
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,863,883	3,457,870
Impaired Financing Receivable, with Interest Income Recognized
Residential Construction [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		100,481
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
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		100,481
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 ($)	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Mortgage loans	$ 282,956,228	$ 280,334,517
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	43,251,622	51,683,022
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	46,552,738	53,533,712
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	193,151,868	175,117,783
Performing Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	279,355,594	276,062,489
Performing Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	41,514,870	49,959,650
Performing Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	44,688,856	50,985,056
Performing Financing Receivable [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	193,151,868	175,117,783
Nonperforming Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	3,600,634	4,272,028
Nonperforming Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	1,736,752	1,723,372
Nonperforming Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	1,863,882	2,548,656
Nonperforming Financing Receivable [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans
Performing and Non-Performing [Member]
Marketable Securities [Line Items]
Mortgage loans	282,956,228	280,334,517
Performing and Non-Performing [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	43,251,622	51,683,022
Performing and Non-Performing [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	46,552,738	53,533,712
Performing and Non-Performing [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	$ 193,151,868	$ 175,117,783

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Net Investment Income [Line Items]
Average market value over amortized cost	96.50%		97.30%
Credit loss recognized	$ 0	$ 0
Maximum borrowing capacity	56,741,531
Remaining borrowing capacity	52,059,046
Net Investment Income	15,194,306	14,293,887
Collateral for bank loans	201,379,078		$ 197,365,797
Loans payable to bank	233,626,919		251,286,927
Foreclosed residential real estate included in residential real estate held for investment	210,963		1,190,602
Interest not accrued on non-performing loans	$ 254,000		$ 236,000
UTAH
Net Investment Income [Line Items]
Loan interest rate	75.00%		70.00%
FLORIDA
Net Investment Income [Line Items]
Loan interest rate	6.00%		7.00%
TEXAS
Net Investment Income [Line Items]
Loan interest rate	4.00%		4.00%
NEVADA
Net Investment Income [Line Items]
Loan interest rate	4.00%		4.00%
CANADA
Net Investment Income [Line Items]
Loan interest rate	3.00%
ARIZONA
Net Investment Income [Line Items]
Loan interest rate	3.00%		2.00%
CALIFORNIA
Net Investment Income [Line Items]
Loan interest rate			5.00%
Minimum [Member]
Net Investment Income [Line Items]
Loan interest rate	2.00%
Loan term	9 months
Maximum [Member]
Net Investment Income [Line Items]
Loan interest rate	10.50%
Loan term	30 years
Commercial Real Estate 1 [Member]
Net Investment Income [Line Items]
Collateral for bank loans	$ 137,775,232		$ 134,251,205
Loans payable to bank	92,644,180		85,663,148
Residential Real Estate [Member]
Net Investment Income [Line Items]
Impairment losses on residential real estate held for investment	94,400	0
Restricted Investments [Member]
Net Investment Income [Line Items]
Securities deposit	10,169,064		$ 10,168,853
Cemeteries and Mortuaries [Member]
Net Investment Income [Line Items]
Net Investment Income	476,708	$ 161,211
FHLB [Member]
Net Investment Income [Line Items]
Other borrowings	$ 0

Summary of Aggregate fair value

Summary of Aggregate fair value - Loans Held for Sale (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Loans Held For Sale
Aggregate fair value	$ 234,012,872	$ 302,776,827
Unpaid principal balance	228,907,138	294,481,503
Unrealized gain	$ 5,105,734	$ 8,295,324

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2021	[1]
Loans Held For Sale
Loan fees	$ 7,087,182		$ 9,539,956
Interest income	2,031,869		2,311,802
Secondary gains	39,602,614		68,438,933
Change in fair value of loan commitments	2,675,371		314,466
Change in fair value of loans held for sale	(2,746,565)		(6,945,882)
Provision for loan loss reserve	(306,026)	[1]	(660,663)	$ (2,211,230)
Mortgage fee income	$ 48,344,445		$ 72,998,612
[1]	Included in mortgage fee income

Summary of Loan Loss Reserve In

Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2021
Loans Held For Sale
Balance, beginning of period	$ 2,447,139		$ 20,583,618	$ 20,583,618
Provision on current loan originations (1)	306,026	[1]	$ 660,663	2,211,230	[1]
Charge-offs, net of recaptured amounts	(609,775)			(20,347,709)
Balance, end of period	$ 2,143,390			$ 2,447,139
[1]	Included in mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loans Held For Sale
Provision on current loan originations	$ 306,026	$ 660,663
Loan increase per point	$ 290	$ 450
Amount of loan increased, per point	$ 1,000,000	$ 1,000,000

Schedule of Activity of Stock O

Schedule of Activity of Stock Option Plans (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022		Mar. 31, 2021
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	1,024,351		1,072,863
Weighted average exercise price, outstanding, beginning	$ 4.61		$ 4.33
Number of Shares, adjustment for effect of stock dividends
Number of shares, granted	4,000
Number of shares, exercised	(50,968)		(32,925)
Number of shares, cancelled
Number of shares, outstanding, ending	977,383		1,039,938
Weighted average exercise price, outstanding, ending	$ 4.77		$ 4.34
Number of shares, options exercisable	906,258		1,039,938
Weighted average exercise price, options exercisable	$ 4.46		$ 4.34
Number of shares, available options for future grant	228,376		330,371
Weighted average contractual term of options outstanding	4 years 5 months 8 days		6 years 3 months 10 days
Weighted average contractual term of options exercisable	4 years 10 days		6 years 3 months 10 days
Aggregated intrinsic value of options outstanding	$ 5,115,622	[1]	$ 5,212,677	[2]
Aggregated intrinsic value of options exercisable	$ 5,017,469	[1]	$ 5,212,677	[2]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period
Number of shares, options exercisable	906,258		1,039,938
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	228,376		330,371
Common Class C [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	821,146		662,666
Weighted average exercise price, outstanding, beginning	$ 5.48		$ 4.73
Number of Shares, adjustment for effect of stock dividends
Number of shares, granted
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, ending	821,146		662,666
Weighted average exercise price, outstanding, ending	$ 5.48		$ 4.73
Number of shares, options exercisable	648,646		662,666
Weighted average exercise price, options exercisable	$ 4.67		$ 4.73
Number of shares, available options for future grant	16,689		266,500
Weighted average contractual term of options outstanding	7 years		6 years 8 months 15 days
Weighted average contractual term of options exercisable	6 years 6 months 25 days		6 years 8 months 15 days
Aggregated intrinsic value of options outstanding	$ 3,666,085	[1]	$ 3,059,620	[2]
Aggregated intrinsic value of options exercisable	$ 3,460,285	[1]	$ 3,059,620	[2]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period
Number of shares, options exercisable	648,646		662,666
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	16,689		266,500
[1]	The Company used a stock price of $ 10.00
[2]	The Company used a stock price of $ 9.35

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical) - $ / shares	Mar. 31, 2022	Mar. 31, 2021
Share-Based Payment Arrangement [Abstract]
Stock price	$ 10	$ 9.35

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares based compensation expenses	$ 271,747	$ 39,153
Total unrecognized compensation expense	610,889
Intrinsic value stock options exercised	395,831	139,035
Option Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares based compensation expenses	$ 271,747	$ 39,153

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net earnings		$ 3,228,718	$ 12,128,715
Basic weighted-average shares outstanding	[1]	20,390,153	20,080,994
Employee stock options		842,367	928,251
Diluted weighted-average shares outstanding	[1]	21,232,520	21,009,245
Basic net earnings per share	[1]	$ 0.16	$ 0.60
Diluted net earnings per share	[1]	$ 0.15	$ 0.58
[1]	Net 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.

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Common Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares, outstanding, beginning	17,642,722	16,595,783
Exercise of stock options	50,223	27,926
Conversion of class C to class A	207	48,527
Common stock, shares, outstanding, ending	17,693,152	16,672,236
Common Class C [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares, outstanding, beginning	2,866,565	2,679,603
Exercise of stock options
Conversion of class C to class A	(207)	(48,527)
Common stock, shares, outstanding, ending	2,866,358	2,631,076

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	0

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues from external customers	$ 102,425,907	$ 122,658,606
Intersegment revenues
Segment profit before income taxes	4,443,516	16,355,055
Identifiable Assets	1,514,550,009	1,484,707,938
Goodwill	5,253,783	3,519,588	$ 5,253,783
Total Assets	1,519,803,792	1,488,227,526
Life Insurance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	41,501,809	38,943,834
Intersegment revenues	1,695,779	1,902,052
Segment profit before income taxes	816,485	2,695,028
Identifiable Assets	1,241,160,139	1,174,305,180
Goodwill	2,765,570	2,765,570
Total Assets	1,243,925,709	1,177,070,750
Cemetery And Mortuary [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	7,463,194	6,999,265
Intersegment revenues	182,589	77,507
Segment profit before income taxes	2,020,317	2,700,945
Identifiable Assets	77,002,286	57,269,639
Goodwill	2,488,213	754,018
Total Assets	79,490,499	58,023,657
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	53,460,904	76,715,507
Intersegment revenues	74,709	161,016
Segment profit before income taxes	1,606,714	10,959,082
Identifiable Assets	295,671,662	337,524,300
Goodwill
Total Assets	295,671,662	337,524,300
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	(1,953,077)	(2,140,575)
Segment profit before income taxes
Identifiable Assets	(99,284,078)	(84,391,181)
Goodwill
Total Assets	$ (99,284,078)	$ (84,391,181)

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)	Mar. 31, 2022		Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities available for sale	$ 272,213,552		$ 259,287,603
Equity securities	11,511,141		11,596,414
Loans held for sale	234,012,872		302,776,827
Restricted assets (1)	1,525,252	[1]	1,601,688	[2]
Restricted assets (2)	3,727,966	[3]	3,603,822	[4]
Cemetery perpetual care trust investments (1)	745,798	[1]	784,765	[2]
Cemetery perpetual care trust investments (2)	2,665,306	[3]	3,302,480	[4]
Derivatives - loan commitments (3)	11,282,703	[5]	8,563,410	[6]
Total assets accounted for at fair value on a recurring basis	537,684,590		591,517,009
Derivatives - call options (4)	(24,129)	[7]	(50,936)	[8]
Derivatives - put options (4)	(29,351)	[7]	(4,493)	[8]
Derivatives - loan commitments (4)	(1,591,817)	[7]	(1,547,895)	[8]
Total liabilities accounted for at fair value on a recurring basis	(1,645,297)		(1,603,324)
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
Equity securities	11,511,141		11,596,414
Loans held for sale
Restricted assets (1)		[1]		[2]
Restricted assets (2)	3,727,966	[3]	3,603,822	[4]
Cemetery perpetual care trust investments (1)		[1]		[2]
Cemetery perpetual care trust investments (2)	2,665,306	[3]	3,302,480	[4]
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	17,904,413		18,502,716
Derivatives - call options (4)	(24,129)	[7]	(50,936)	[8]
Derivatives - put options (4)	(29,351)	[7]	(4,493)	[8]
Derivatives - loan commitments (4)		[7]		[8]
Total liabilities accounted for at fair value on a recurring basis	(53,480)		(55,429)
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	270,201,780		257,264,255
Equity securities
Loans held for sale
Restricted assets (1)	1,525,252	[1]	1,601,688	[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments (1)	745,798	[1]	784,765	[2]
Cemetery perpetual care trust investments (2)		[3]		[4]
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	272,472,830		259,650,708
Derivatives - call options (4)		[7]		[8]
Derivatives - put options (4)		[7]		[8]
Derivatives - loan commitments (4)		[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	2,011,772		2,023,348
Equity securities
Loans held for sale	234,012,872		302,776,827
Restricted assets (1)		[1]		[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments (1)		[1]		[2]
Cemetery perpetual care trust investments (2)		[3]		[4]
Derivatives - loan commitments (3)	11,282,703	[5]	8,563,410	[6]
Total assets accounted for at fair value on a recurring basis	247,307,347		313,363,585
Derivatives - call options (4)		[7]		[8]
Derivatives - put options (4)		[7]		[8]
Derivatives - loan commitments (4)	(1,591,817)	[7]	(1,547,895)	[8]
Total liabilities accounted for at fair value on a recurring basis	$ (1,591,817)		$ (1,547,895)
[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 ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022		Dec. 31, 2021		Mar. 31, 2021	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 234,012,872		$ 302,776,827
Fair Value Balance	11,282,703	[1]	8,563,410	[2]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $264,704,239 and $236,303,310 for 2022 and 2021)	272,213,552		259,287,603
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 234,012,872		$ 302,776,827		$ 304,030,372	$ 422,772,418
Fair Value Measurement, Range of Inputs, Minimum Value	91.00%		95.00%
Fair Value Measurement, Range of Inputs, Maximum Value	105.60%		109.00%
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	100.30%		103.00%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair Value Measurement, Range of Inputs, Minimum Value	67.40%		66.00%
Fair Value Measurement, Range of Inputs, Maximum Value	95.00%		95.00%
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	83.20%		81.00%
Fair Value Balance	$ 9,690,886		$ 7,015,515		10,443,076	10,128,610
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $264,704,239 and $236,303,310 for 2022 and 2021)	$ 2,011,772		$ 2,023,348		$ 2,191,093	$ 2,201,175
Fair Value Measurement, Range of Inputs, Minimum Value, price per share	$ 0.9687		$ 0.9687
Fair Value Measurement, Range of Inputs, Maximum Value, price per share	1.1111		1.1111
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average, price per share	$ 1.0679		$ 1.0673
[1]	Included in other assets on the consolidated balance sheets
[2]	Included in other assets on the consolidated balance sheets

Schedule of Changes in the Cons

Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)		3 Months Ended
		Mar. 31, 2022		Mar. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Net Loan Commitments, Beginning	[1]	$ 8,563,410
Loans Held for Sale, Beginning		302,776,827
Fixed Maturity Securities Available for Sale, Beginning		259,287,603
Net Loan Commitments, Ending	[2]	11,282,703
Loans Held for Sale, Ending		234,012,872
Fixed Maturity Securities Available for Sale, Ending		272,213,552
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net Loan Commitments, Beginning		7,015,515		$ 10,128,610
Originations and purchases
Sales, maturities and paydowns
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		2,675,371	[3]	314,466	[4]
Total gains (losses) included in other comprehensive income
Net Loan Commitments, Ending		9,690,886		10,443,076
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		302,776,827		422,772,418
Originations and purchases		1,039,216,582		1,449,841,009
Sales, maturities and paydowns		(1,132,085,830)		(1,614,880,058)
Transfer to mortgage loans held for investment				(201,951)
Total gains (losses) included in earnings		24,105,293	[3]	46,498,954	[4]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		234,012,872		304,030,372
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed Maturity Securities Available for Sale, Beginning		2,023,348		2,201,175
Originations and purchases
Sales, maturities and paydowns		(11,950)		(11,100)
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		961	[5]	893	[6]
Total gains (losses) included in other comprehensive income		(587)		125
Fixed Maturity Securities Available for Sale, Ending		$ 2,011,772		$ 2,191,093
[1]	Included in other assets on the consolidated balance sheets
[2]	Included in other assets on the consolidated balance sheets
[3]	As a component of Mortgage fee income on the condensed consolidated statements of earnings
[4]	As a component of Mortgage fee income on the condensed consolidated statements of earnings
[5]	As a component of Net investment income on the condensed consolidated statements of earnings
[6]	As a component of Net investment income on the condensed consolidated statements of earnings

Schedule of Fair Value Assets M

Schedule of Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 279,911,839	$ 277,306,046
Impaired real estate held for sale	2,943,442	3,731,300
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	718,284	851,903
Impaired real estate held for sale	191,781	2,000,000
Assets fair value disclosure nonrecurring	910,065	2,851,903
Fair Value, Nonrecurring [Member] | 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 sale
Assets fair value disclosure nonrecurring
Fair Value, Nonrecurring [Member] | 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 sale
Assets fair value disclosure nonrecurring
Fair Value, Nonrecurring [Member] | 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	718,284	851,903
Impaired real estate held for sale	191,781	2,000,000
Assets fair value disclosure nonrecurring	$ 910,065	$ 2,851,903

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Mar. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	$ 279,911,839		$ 277,306,046
Other investments and policy loans	73,569,249		67,955,155
Restricted assets	16,685,113		16,938,122
Cemetery perpetual care trust investments	7,760,709		7,835,721
Mortgage servicing rights	55,583,962		53,060,455		$ 35,210,516
Mortgage servicing rights, estimated fair value	87,221,362		68,811,809
Bank and other loans payable	(233,626,919)		(251,286,927)
Future policy benefits and unpaid claims	(869,968,065)		(863,274,693)
Residential Mortgage [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	44,590,436		51,396,172
Mortgage loans held for investment, estimated fair value	46,153,365		55,159,167
Residential Mortgage [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	46,153,365		55,159,167
Residential Construction [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	192,585,898		174,691,408
Mortgage loans held for investment, estimated fair value	192,585,898		174,691,408
Residential Construction [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Construction [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Construction [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	192,585,898		174,691,408
Commercial Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	42,735,505		51,218,466
Mortgage loans held for investment, estimated fair value	42,783,489		51,008,709
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	42,783,489		51,008,709
Mortgage Loans Net [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	279,911,839		277,306,046
Mortgage loans held for investment, estimated fair value	281,522,752		280,859,284
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Mortgage Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	281,522,752		280,859,284
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,261,353		13,478,214
Other investments and policy loans, estimated fair value	13,261,353		13,478,214
Policy Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans
Policy Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans
Policy Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,261,353		13,478,214
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	52,950,602	[1]	46,946,590	[2]
Other investments and policy loans, estimated fair value	52,950,602	[1]	46,946,590	[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	52,950,602	[1]	46,946,590	[2]
Restricted Assets [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,971,838	[3]	2,732,320	[4]
Restricted assets, estimated fair value	1,971,838	[3]	2,732,320	[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,971,838	[3]	2,732,320	[4]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	1,724,903	[3]	1,823,533	[4]
Cemetery perpetual care trust investments, estimated fair value	1,724,903	[3]	1,823,533	[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	1,724,903	[3]	1,823,533	[4]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	55,583,962		53,060,455
Mortgage servicing rights, estimated fair value	87,221,362		68,811,809
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	87,221,362		68,811,809
Bank and Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(233,626,919)		(251,286,927)
Bank and other loans payable, fair value	(233,626,919)		(251,286,927)
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(233,626,919)		(251,286,927)
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(42,541,630)	[5]	(42,939,055)	[6]
Future policy benefits and unpaid claims, estimated fair value	(35,587,466)	[5]	(35,855,934)	[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(35,587,466)	[5]	(35,855,934)	[6]
Future Policy Benefits Annuities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(107,231,307)	[5]	(107,992,830)	[6]
Future policy benefits and unpaid claims, estimated fair value	(116,276,319)	[5]	(116,215,717)	[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	$ (116,276,319)	[5]	$ (116,215,717)	[6]
[1]	Included in other investments and policy loans on the condensed 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 condensed consolidated balance sheets
[6]	Included in future policy benefits and unpaid claims on the consolidated balance sheets

Schedule of Derivative Assets a

Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 902,295,000	$ 862,568,967
Derivative asset, notional amount	11,282,703	8,563,410
Derivative liability, notional amount	1,591,817	1,547,895
Call Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	831,250	982,500
Derivative asset, notional amount
Derivative liability, notional amount	24,129	50,936
Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	823,000	362,900
Derivative asset, notional amount
Derivative liability, notional amount	29,351	4,493
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	903,949,250	863,914,367
Derivative asset, notional amount	11,282,703	8,563,410
Derivative liability, notional amount	$ 1,645,297	$ 1,603,324

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 2,675,371	$ 314,466
Call and Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 61,195	$ 26,762

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)$ / shares
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 56,741,531
Other commitments	335,619,000
Payment for other liabilities	196,848,609
Wells Fargo Bank N.A. [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Line of credit, interest rate, description	The agreement charges interest at the 1-Month LIBOR rate plus 2.1%
Line of credit, maturity date	Jun. 9, 2022
Adjustment of debt | $ / shares	$ 1
Texas Capital Bank N.A. [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Line of credit, interest rate, description	The agreement charges interest at the 1-Month LIBOR rate plus 2%
Line of credit, maturity date	Aug. 9, 2022
Adjustment of debt | $ / shares	$ 1
Comerica Bank [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 75,000,000
Line of credit, interest rate, description	The agreement charges interest at the 1-Month LIBOR rate plus 2.15%
Line of credit, maturity date	May 27, 2022
Adjustment of debt | $ / shares	$ 1
U.S. Bank [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Line of credit, interest rate, description	The agreement charges interest at the 1-Month LIBOR rate plus 2.0%
Line of credit, maturity date	Jun. 4, 2022
Adjustment of debt | $ / shares	$ 1
Minimum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 25,000
Interest rate	2.00%
Minimum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	50.00%
Interest rate	525.00%
Maximum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 100,000
Interest rate	10.50%
Maximum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	8000.00%
Interest rate	800.00%

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Balance before valuation allowance at beginning of year		$ 53,060,455	$ 35,210,516
MSR additions resulting from loan sales		5,675,473	32,701,819
Amortization (1)	[1]	(3,151,966)	(14,851,880)
Application of valuation allowance to write down MSRs  with other than temporary impairment
Balance before valuation allowance at end of period		55,583,962	53,060,455
Balance at beginning of year
Additions
Balance at end of period
Mortgage servicing rights, net		55,583,962	53,060,455
Estimated fair value of MSRs at end of period		$ 87,221,362	$ 68,811,809
[1]	Included in other expenses on the condensed consolidated statements of earnings

Schedule of Finite-Lived Intang

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details)	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 6,543,930
2022	5,684,434
2023	5,126,410
2024	4,565,886
2025	4,073,817
Thereafter	29,589,485
Total	$ 55,583,962

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Total	$ 5,167,508	$ 4,113,658
Total	4,606,298	3,468,522
Contractual Servicing Fees [Member]
Total	4,506,260	3,387,472
Late Fees [Member]
Total	$ 100,038	$ 81,050

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 7,398,684,888	$ 7,060,536,350

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	8.80	11.60
Average life	7 years 9 months 14 days	6 years 7 months 20 days
Discount rate	9.50	9.50

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	27.30%	25.80%
Provision for income taxes	$ 1,214,798	$ 4,226,340
Federal statutory income tax rate, percent	21.00%

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Impairment Effects on Earnings Per Share [Line Items]
Contract asset, beginning balance
Contract liability, beginning balance		14,508,022	13,080,179
Contract asset, ending balance
Contract liability, ending balance		15,270,642	14,508,022
Increase (decrease) in accounts receivable	[1]	242,484	1,178,648
Increase (decrease) in contract asset
Increase (decrease) in contract liability		762,620	1,427,843
Accounts Receivable [Member]
Impairment Effects on Earnings Per Share [Line Items]
Receivables, beginning balance	[1]	5,298,636	4,119,988
Receivables, ending balance	[1]	$ 5,541,120	$ 5,298,636
[1]	Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Revenues of the Cem

Schedule of Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net mortuary and cemetery sales	$ 7,205,721	$ 5,942,126
Major Goods or Services Lines, at Need [Member]
Net mortuary and cemetery sales	5,866,878	4,042,020
Major Goods or Services Lines, Pre Need [Member]
Net mortuary and cemetery sales	1,338,843	1,900,106
Timing of Revenue Recognition, Goods Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	4,180,545	4,198,673
Timing of Revenue Recognition, Services Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	$ 3,025,176	$ 1,743,453

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net mortuary and cemetery sales	$ 7,205,721	$ 5,942,126
Gains (losses) on investments and other assets	171,975	1,960,113
Net investment income	15,194,306	14,293,887
Other revenues	5,167,508	4,113,658
Revenues from external customers	102,425,907	122,658,606
Cemetery And Mortuary [Member]
Net mortuary and cemetery sales	7,205,721	5,942,126
Gains (losses) on investments and other assets	(254,525)	798,340
Net investment income	496,459	230,304
Other revenues	15,539	28,495
Revenues from external customers	$ 7,463,194	$ 6,999,265

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue recognized included in the opening contract liability	$ 1,064,104	$ 1,135,001
Deferred Pre-need Land Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, percentage	10.00%