Security National Financial (SNFCA) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
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		18,722,859
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,889,859

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $340,262,502 and $236,303,310 for 2022 and 2021)	$ 320,806,385	$ 259,287,603
Equity securities at estimated fair value (cost of $9,792,380 and $8,275,772 for 2022 and 2021)	10,371,032	11,596,414
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)	320,563,600	277,306,046
Real estate held for investment (net of accumulated depreciation of $22,293,450 and $17,692,038 for 2022 and 2021)	196,077,537	197,365,797
Real estate held for sale	151,553	3,731,300
Other investments and policy loans (net of allowances for doubtful accounts of $1,736,761 and $1,686,218 for 2022 and 2021)	65,613,561	67,955,155
Accrued investment income	10,844,025	6,313,012
Total investments	924,427,693	823,555,327
Cash and cash equivalents	84,947,720	131,354,470
Loans held for sale at estimated fair value	161,981,923	302,776,827
Receivables (net of allowances for doubtful accounts of $1,660,221 and $1,800,725 for 2022 and 2021)	17,033,643	18,316,116
Restricted assets (including $5,730,936 and $5,205,510 for 2022 and 2021 at estimated fair value)	16,364,853	16,938,122
Cemetery perpetual care trust investments (including $3,440,102 and $4,087,245 for 2022 and 2021 at estimated fair value)	6,831,411	7,835,721
Receivable from reinsurers	14,693,234	14,850,608
Cemetery land and improvements	9,095,125	8,977,877
Deferred policy and pre-need contract acquisition costs	107,656,401	105,049,983
Mortgage servicing rights, net	54,379,245	53,060,455
Property and equipment, net	20,569,638	21,517,598
Value of business acquired	10,208,715	8,421,432
Goodwill	5,253,783	5,253,783
Other	26,630,483	29,684,987
Total Assets	1,460,073,867	1,547,593,306
Liabilities
Future policy benefits and unpaid claims	881,916,853	863,274,693
Unearned premium reserve	2,880,970	3,060,738
Bank and other loans payable	201,479,763	251,286,927
Deferred pre-need cemetery and mortuary contract revenues	15,873,046	14,508,022
Cemetery perpetual care obligation	5,041,728	4,915,285
Accounts payable	4,860,801	10,166,573
Other liabilities and accrued expenses	55,985,770	69,578,138
Income taxes	23,173,059	31,036,096
Total liabilities	1,191,211,990	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	64,840,595	57,985,947
Accumulated other comprehensive income (loss), net of taxes	(15,071,680)	18,070,448
Retained earnings	180,919,986	184,537,489
Treasury stock at cost - 599,219 Class A shares and 34,016 Class C shares in 2022; and 108,079 Class A shares and 109,193 Class C shares in 2021	(5,041,822)	(1,845,624)
Total stockholders’ equity	268,861,877	299,766,834
Total Liabilities and Stockholders’ Equity	1,460,073,867	1,547,593,306
Common Class A [Member]
Stockholders’ Equity
Common stock, value	37,435,080	35,285,444
Common Class B [Member]
Stockholders’ Equity
Common stock, value
Common Class C [Member]
Stockholders’ Equity
Common stock, value	$ 5,779,718	$ 5,733,130

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Amortized cost	$ 340,262,502	$ 236,303,310
Equity securities cost	9,792,380	8,275,772
Allowance for loan and lease losses, real estate	1,675,015	1,699,902
Real estate investment property, accumulated depreciation	22,293,450	17,692,038
Allowance for doubtful accounts, premiums and other receivables	1,736,761	1,686,218
Accounts receivable, allowance for credit loss	1,660,221	1,800,725
Aggregate fair value, restricted assets	5,730,936	5,205,510
Aggregate fair value, cemetery perpetual care trust investments	$ 3,440,102	$ 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	40,000,000	40,000,000
Common stock, shares issued	18,717,540	17,642,722
Common stock, shares outstanding	18,717,540	17,642,722
Treasury stock, shares	599,219	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	6,000,000	6,000,000
Common stock, shares issued	2,889,859	2,866,565
Common stock, shares outstanding	2,889,859	2,866,565
Treasury stock, shares	34,016	109,193

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Mortgage fee income		$ 28,607,888	$ 66,257,851	$ 118,983,231	$ 204,414,276
Insurance premiums and other considerations		26,237,417	26,445,618	78,491,364	74,754,856
Net investment income		18,603,070	15,092,962	49,768,664	43,564,167
Net mortuary and cemetery sales		6,470,363	5,967,675	20,926,587	18,228,199
Gains (losses) on investments and other assets		(2,178,952)	976,900	(2,921,372)	4,414,217
Other		5,737,434	4,768,125	16,221,307	13,542,337
Total revenues		83,477,220	119,509,131	281,469,781	358,918,052
Benefits and expenses:
Death benefits		13,996,753	15,474,512	45,720,503	48,630,585
Surrenders and other policy benefits		1,337,507	977,190	3,814,442	2,725,791
Increase in future policy benefits		7,389,732	7,485,565	20,761,276	19,140,939
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		5,061,713	4,709,979	13,511,235	11,940,905
Selling, general and administrative expenses:
Commissions		15,004,275	28,769,191	53,303,814	91,392,436
Personnel		24,392,703	25,122,254	76,772,417	73,822,449
Advertising		1,372,636	1,691,236	4,680,169	5,089,301
Rent and rent related		1,701,164	1,853,960	5,062,696	5,594,206
Depreciation on property and equipment		636,246	412,152	1,880,095	1,387,275
Costs related to funding mortgage loans		1,371,315	2,379,085	6,255,415	8,055,810
Other		11,178,276	13,775,139	34,444,040	37,754,717
Interest expense		2,136,763	1,807,461	5,764,327	5,327,072
Cost of goods and services sold-mortuaries and cemeteries		1,200,481	908,014	3,628,334	2,880,766
Total benefits and expenses		86,779,564	105,365,738	275,598,763	313,742,252
Earnings (loss) before income taxes		(3,302,344)	14,143,393	5,871,018	45,175,800
Income tax benefit (expense)		949,159	(3,352,663)	(1,421,036)	(10,998,876)
Net earnings (loss)		$ (2,353,185)	$ 10,790,730	$ 4,449,982	$ 34,176,924
Net earnings (loss) per Class A Equivalent common share (1)	[1]	$ (0.11)	$ 0.51	$ 0.21	$ 1.62
Net earnings (loss) per Class A Equivalent common share-assuming dilution (1)	[1]	$ (0.11)	$ 0.49	$ 0.20	$ 1.56
Weighted-average Class A equivalent common shares outstanding (1)	[1]	20,926,823	21,152,747	21,164,377	21,109,092
Weighted-average Class A equivalent common shares outstanding-assuming dilution (1)	[1]	21,612,255	22,013,714	21,947,584	21,960,052
[1]Net earnings (loss) 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 (loss) per common share represent net earnings (loss) per equivalent Class A common share.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net earnings (loss)	$ (2,353,185)	$ 10,790,730	$ 4,449,982	$ 34,176,924
Other comprehensive income:
Unrealized losses on fixed maturity securities available for sale	(13,523,240)	(1,406,615)	(41,845,274)	(3,477,826)
Unrealized gains (losses) on restricted assets	27,060	(13,951)	(88,058)	(21,682)
Unrealized gains (losses) on cemetery perpetual care trust investments	28,931	(4,669)	(24,294)	(10,927)
Foreign currency translation adjustments				2,835
Other comprehensive loss, before income tax	(13,467,249)	(1,425,235)	(41,957,626)	(3,507,600)
Income tax benefit	2,825,936	300,029	8,815,498	737,759
Other comprehensive loss, net of income tax	(10,641,313)	(1,125,206)	(33,142,128)	(2,769,841)
Comprehensive income (loss)	$ (12,994,498)	$ 9,665,524	$ (28,692,146)	$ 31,407,083

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
Beginning balance 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 (loss)					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)
Ending balance 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
Beginning balance 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 (loss)							34,176,924
Ending balance at Sep. 30, 2021	35,188,096	5,523,818	57,462,981	20,473,292	179,195,423	(1,127,442)	296,716,168
Beginning balance 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
Net earnings (loss)					11,257,479		11,257,479
Other comprehensive loss				3,743,887			3,743,887
Exercise of stock options	106,044		7,655				113,699
Sale of treasury stock			(38,048)			1,499,862	1,461,814
Purchase of treasury stock						(2,596,006)	(2,596,006)
Stock dividends	1,672,526	263,108	6,774,719		(8,710,354)		(1)
Ending balance at Jun. 30, 2021	35,123,042	5,525,260	57,394,514	21,598,498	168,415,007	(2,207,608)	285,848,713
Net earnings (loss)					10,790,730		10,790,730
Other comprehensive loss				(1,125,206)			(1,125,206)
Exercise of stock options	61,320		24,182				85,502
Sale of treasury stock			(6,274)			1,338,621	1,332,347
Purchase of treasury stock			42,537			(258,455)	(215,918)
Conversion Class C to Class A	1,440	(1,440)
Stock dividends	2,294	(2)	8,022		(10,314)
Ending balance at Sep. 30, 2021	35,188,096	5,523,818	57,462,981	20,473,292	179,195,423	(1,127,442)	296,716,168
Beginning balance 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 (loss)					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)
Ending balance at Mar. 31, 2022	35,386,304	5,732,716	58,379,438	5,880,118	187,766,207	(843,916)	292,300,867
Beginning balance 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 (loss)							4,449,982
Ending balance at Sep. 30, 2022	37,435,080	5,779,718	64,840,595	(15,071,680)	180,919,986	(5,041,822)	268,861,877
Beginning balance at Mar. 31, 2022	35,386,304	5,732,716	58,379,438	5,880,118	187,766,207	(843,916)	292,300,867
Net earnings (loss)					3,574,449		3,574,449
Other comprehensive loss				(10,310,485)			(10,310,485)
Stock-based compensation expense			220,175				220,175
Exercise of stock options	37,746		(2,440)				35,306
Sale of treasury stock			50,401			1,119,392	1,169,793
Purchase of treasury stock						(6,505,050)	(6,505,050)
Conversion Class C to Class A	154,218	(154,218)
Stock dividends	1,779,108	278,924	6,009,453		(8,067,485)
Ending balance at Jun. 30, 2022	37,357,376	5,857,422	64,657,027	(4,430,367)	183,273,171	(6,229,574)	280,485,055
Net earnings (loss)					(2,353,185)		(2,353,185)
Other comprehensive loss				(10,641,313)			(10,641,313)
Stock-based compensation expense			230,853				230,853
Sale of treasury stock			(47,285)			1,187,752	1,140,467
Conversion Class C to Class A	77,704	(77,704)
Ending balance at Sep. 30, 2022	$ 37,435,080	$ 5,779,718	$ 64,840,595	$ (15,071,680)	$ 180,919,986	$ (5,041,822)	$ 268,861,877

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net cash provided by operating activities	$ 109,318,230	$ 128,890,897
Cash flows from investing activities:
Purchases of fixed maturity securities	(115,680,915)	(14,359,481)
Sales, calls and maturities of fixed maturity securities	11,695,675	40,856,383
Purchases of equity securities	(3,591,283)	(1,382,227)
Sales of equity securities	2,295,931	3,334,697
Net changes in restricted assets	(1,157,021)	28,770
Net changes in perpetual care trusts	325,908	1,065,459
Mortgage loans held for investment, other investments and policy loans made	(569,434,389)	(635,682,683)
Payments received for mortgage loans held for investment, other investments and policy loans	577,997,140	577,555,622
Purchases of property and equipment	(966,375)	(4,187,580)
Sale of property and equipment	62,561	45,168
Purchases of real estate	(20,892,501)	(70,404,325)
Sales of real estate	22,941,365	22,974,490
Net cash used in investing activities	(96,403,904)	(80,155,707)
Cash flows from financing activities:
Investment contract receipts	8,853,710	8,743,867
Investment contract withdrawals	(11,964,046)	(11,776,818)
Proceeds from stock options exercised	127,265	288,454
Purchases of treasury stock	(7,277,291)	(3,722,157)
Repayment of bank loans	(48,383,522)	(54,454,529)
Proceeds from bank loans	59,618,050	97,119,014
Net change in warehouse line borrowings for loans held for sale	(61,081,557)	(77,374,340)
Net cash used in financing activities	(60,107,391)	(41,176,509)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	(47,193,065)	7,558,681
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	94,221,217	123,023,767
Cash paid during the year for:
Interest	5,646,811	5,464,423
Income taxes (net of refunds)	468,578	2,684,737
Non Cash Operating, Investing and Financing Activities:
Transfer of loans held for sale to mortgage loans held for investment	49,428,757	201,951
Benefit plans funded with treasury stock	4,214,440	4,716,583
Accrued real estate construction costs and retainage	1,401,437	8,321,415
Right-of-use assets obtained in exchange for operating lease liabilities	1,164,287	2,435,831
Mortgage loans held for investment foreclosed into real estate held for investment		931,079
Cash and cash equivalents	84,947,720	111,498,676
Restricted assets	8,276,613	10,004,204
Cemetery perpetual care trust investments	$ 996,884	$ 1,520,887

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 2022, the Company continued 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 COVID-19 adversely affects the Company’s business, financial condition, results of operations and cash flows, it may also have the effect of heightening many other risks to the Company. 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 September 30, 2022 (Unaudited)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 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)” 500,000 750,000 Upon adoption, on January 1, 2023, this will be an adjustment to the opening balance of retained earnings in stockholders’ equity. 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 September 30, 2022 (Unaudited)

Investments

Investments	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The Company’s investments as of September 30, 2022 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated September 30, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 92,703,449 $ 40,553 $ (2,712,674 ) $ 90,031,328 Obligations of states and political subdivisions 6,967,633 68,118 (357,711 ) 6,678,040 Corporate securities including public utilities 207,475,636 1,360,888 (14,314,429 ) 194,522,095 Mortgage-backed securities 32,865,784 170,765 (3,721,627 ) 29,314,922 Redeemable preferred stock 250,000 10,000 - 260,000 Total fixed maturity securities available for sale $ 340,262,502 $ 1,650,324 $ (21,106,441 ) $ 320,806,385 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,792,380 $ 1,871,973 $ (1,293,321 ) $ 10,371,032 Total equity securities at estimated fair value $ 9,792,380 $ 1,871,973 $ (1,293,321 ) $ 10,371,032 Mortgage loans held for investment at amortized cost: Residential $ 89,281,273 Residential construction 201,685,076 Commercial 33,350,108 Less: Unamortized deferred loan fees, net (1,730,306 ) Less: Allowance for loan losses (1,675,015 ) Less: Net discounts (347,536 ) Total mortgage loans held for investment $ 320,563,600 Real estate held for investment - net of accumulated depreciation: Residential $ 38,506,725 Commercial 157,570,812 Total real estate held for investment $ 196,077,537 Real estate held for sale: Commercial $ 151,553 Total real estate held for sale $ 151,553 Other investments and policy loans at amortized cost: Policy loans $ 13,066,150 Insurance assignments 42,614,272 Federal Home Loan Bank stock (1) 2,588,400 Other investments 9,081,500 Less: Allowance for doubtful accounts (1,736,761 ) Total policy loans and other investments $ 65,613,561 Accrued investment income $ 10,844,025 Total investments $ 924,427,693 (1) Includes $ 933,300 1,655,100 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 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 September 30, 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 September 30, 2022 and at December 31, 2021. The unrealized losses were primarily related to interest rate fluctuations and uncertainties relating to COVID-19. The table below sets 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 September 30, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 2,712,674 $ 88,813,356 $ - $ - $ 2,712,674 $ 88,813,356 Obligations of States and Political Subdivisions 278,757 4,671,643 78,954 430,230 357,711 5,101,873 Corporate Securities 13,675,310 159,071,249 639,119 3,930,859 14,314,429 163,002,108 Mortgage and other asset-backed securities 2,715,858 20,511,908 1,005,769 7,330,869 3,721,627 27,842,777 Totals $ 19,382,599 $ 273,068,156 $ 1,723,842 $ 11,691,958 $ 21,106,441 $ 284,760,114 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 703 securities with fair value of 93.1 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 September 30, 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) (39,502 ) - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at September 30 $ 225,475 $ 370,975 The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at September 30, 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 Due in 1 year $ 11,546,042 $ 11,537,459 Due in 2-5 years 137,667,392 132,904,405 Due in 5-10 years 67,911,889 63,435,713 Due in more than 10 years 90,021,395 83,353,886 Mortgage-backed securities 32,865,784 29,314,922 Redeemable preferred stock 250,000 260,000 Total $ 340,262,502 $ 320,806,385 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company had pledged a total of $ 86,320,358 nil 83,051,896 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 3) Investments Investment Related Earnings The following table presents the 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Fixed maturity securities: Gross realized gains $ 30,121 $ 244,275 $ 205,755 $ 517,934 Gross realized losses (26,203 ) (16,812 ) (36,961 ) (31,698 ) Equity securities: Gains (losses) on securities sold (131,472 ) 119,614 (60,154 ) 372,194 Unrealized gains and (losses) on securities held at the end of the period (1,383,627 ) (122,505 ) (4,097,049 ) 1,319,919 Other assets: Gross realized gains 59,599 855,282 1,892,630 2,702,084 Gross realized losses (727,370 ) (102,954 ) (825,593 ) (466,216 ) Total $ (2,178,952 ) $ 976,900 $ (2,921,372 ) $ 4,414,217 The 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Proceeds from sales $ 1,198,240 $ 843,151 $ 1,886,891 $ 2,826,082 Gross realized gains 21,926 13,878 24,281 223,010 Gross realized losses (24,811 ) (3,249 ) (32,656 ) (3,249 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 3) Investments Major categories of net investment income were as follows: 2022 2021 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Fixed maturity securities available for sale $ 3,188,521 $ 2,667,848 $ 8,636,387 $ 8,189,971 Equity securities 139,412 111,213 382,246 345,482 Mortgage loans held for investment 10,477,672 7,040,773 27,682,315 20,027,656 Real estate held for investment and sale 3,918,310 3,307,980 10,970,535 9,353,459 Policy loans 213,520 229,857 727,103 694,345 Insurance assignments 4,218,184 4,781,079 13,708,894 14,298,126 Other investments 181,597 35,118 350,603 88,124 Cash and cash equivalents 514,869 81,186 698,601 154,810 Gross investment income 22,852,085 18,255,054 63,156,684 53,151,973 Investment expenses (4,249,015 ) (3,162,092 ) (13,388,020 ) (9,587,806 ) Net investment income $ 18,603,070 $ 15,092,962 $ 49,768,664 $ 43,564,167 Net investment income includes income earned by the restricted assets of the cemeteries and mortuaries of $ 675,259 778,892 1,882,502 1,130,771 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 and cash on deposit with regulatory authorities as required by law amounted to $ 11,048,787 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 September 30, 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 September 30, 2022 (Unaudited) 3) Investments The Company currently owns and operates nine commercial properties in three 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 $ 133,785,749 134,251,205 97,562,264 85,663,148 During the three months ended September 30, 2022 and 2021, the Company did not record any impairment losses on commercial real estate held for investment or held for sale. During the nine months ended September 30, 2022 and 2021, the Company recorded impairment losses on commercial real estate held for sale of nil 28,378 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 September 30 December 31 September 30 December 31 Utah (1) $ 152,280,425 $ 150,105,948 625,920 625,920 Louisiana 2,392,288 2,426,612 31,778 31,778 Mississippi 2,898,099 2,860,775 19,694 19,694 $ 157,570,812 $ 155,393,335 677,392 677,392 (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 September 30 December 31 September 30 December 31 2021 Kansas $ - $ 2,000,000 - 222,679 California - 389,145 - 2,872 Mississippi (1) 151,553 151,553 - - $ 151,553 $ 2,540,698 - 225,551 (1) Approximately 93 acres of undeveloped land This property is being marketed with the assistance of commercial real estate brokers in the markets where the property is located. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 3) Investments Residential Real Estate Held for Investment and Held for Sale The Company occasionally owns a small portfolio of residential homes primarily as a result of loan foreclosures. The Company has the option to sell them or to continue to hold them for cash flow and acceptable returns. The Company also invests in residential subdivision land developments. The Company established Security National Real Estate Services (“SNRE”) to manage the residential portfolio. SNRE cultivates and maintains the preferred vendor relationships necessary to manage costs and quality of work performed on the residential portfolio across the country. The net ending balance of foreclosed residential real estate included in residential real estate held for sale was nil 1,190,602 During the three months ended September 30, 2022 and 2021 the Company did not record any impairment losses on residential real estate held for sale or held for investment. During the nine months ended September 30, 2022 and 2021 the Company recorded impairment losses on residential real estate held for sale of $ 94,400 nil The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Ending Balance September 30 December 31 Utah (1) $ 38,506,725 $ 41,686,281 Washington (2) - 286,181 $ 38,506,725 $ 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. September 30 December 31 Lots developed 52 67 Lots to be developed 2,206 548 Ending Balance $ 38,307,821 $ 41,479,434 The Company’s residential real estate held for sale is summarized as follows: Net Ending Balance September 30 December 31 Texas $ - $ 200,962 Nevada - 979,640 Ohio - 10,000 Real estate held for sale $ - $ 1,190,602 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 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 69 8 4 4 4 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 fair market value of the loan’s collateral. 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 September 30, 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 September 30, 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 September 30, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Charge-offs - - - - Provision - (24,887 ) - (24,887 ) Ending balance - September 30, 2022 $ 187,129 $ 1,444,684 $ 43,202 $ 1,675,015 Ending balance: individually evaluated for impairment $ - $ 41,139 $ - $ 41,139 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,403,545 $ 43,202 $ 1,633,876 Mortgage loans: Ending balance - September 30, 2022 $ 33,350,108 $ 89,281,273 $ 201,685,076 $ 324,316,457 Ending balance: individually evaluated for impairment $ 405,000 $ 1,410,099 $ - $ 1,815,099 Ending balance: collectively evaluated for impairment $ 32,945,108 $ 87,871,174 $ 201,685,076 $ 322,501,358 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 September 30, 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 September 30, 2022 30-59 Days Past Due $ 205,763 $ 2,639,165 $ 1,644,520 $ 4,489,448 60-89 Days Past Due - 721,148 626,023 1,347,171 Greater Than 90 Days (1) - 1,088,810 - 1,088,810 In Process of Foreclosure (1) 405,000 321,289 - 726,289 Total Past Due 610,763 4,770,412 2,270,543 7,651,718 Current 32,739,345 84,510,861 199,414,533 316,664,739 Total Mortgage Loans 33,350,108 89,281,273 201,685,076 324,316,457 Allowance for Loan Losses (187,129 ) (1,444,684 ) (43,202 ) (1,675,015 ) Unamortized deferred loan fees, net (84,392 ) (1,132,024 ) (513,890 ) (1,730,306 ) Unamortized discounts, net (234,558 ) (112,978 ) - (347,536 ) Net Mortgage Loans $ 32,844,029 $ 86,591,587 $ 201,127,984 $ 320,563,600 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 September 30, 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 Impairment Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2022 With no related allowance recorded: Commercial $ 405,000 $ 405,000 $ - $ 881,234 $ - Residential 897,174 897,174 - 952,765 - Residential construction - - - 138,635 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 512,925 512,925 41,139 570,066 - Residential construction - - - - - Total: Commercial $ 405,000 $ 405,000 $ - $ 881,234 $ - Residential 1,410,099 1,410,099 41,139 1,522,831 - Residential construction - - - 138,635 - 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 September 30, 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 September December September December September December September December Performing $ 32,945,108 $ 49,959,650 $ 87,871,174 $ 50,985,056 $ 201,685,076 $ 175,117,783 $ 322,501,358 $ 276,062,489 Non-performing 405,000 1,723,372 1,410,099 2,548,656 - - 1,815,099 4,272,028 Total $ 33,350,108 $ 51,683,022 $ 89,281,273 $ 53,533,712 $ 201,685,076 $ 175,117,783 $ 324,316,457 $ 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 totaled approximately $ 110,000 236,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Loans Held for Sale

Loans Held for Sale	9 Months Ended
	Sep. 30, 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 As of Aggregate fair value $ 161,981,923 $ 302,776,827 Unpaid principal balance 161,668,488 294,481,503 Unrealized gain 313,435 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 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Loan fees $ 4,729,445 $ 9,552,788 $ 19,766,856 $ 28,247,365 Interest income 2,570,511 2,336,573 7,525,826 6,836,754 Secondary gains 28,940,898 55,440,961 103,336,118 179,900,770 Change in fair value of loan commitments (3,271,282 ) (380,696 ) (2,843,155 ) (549,093 ) Change in fair value of loans held for sale (4,131,363 ) (259,307 ) (7,973,171 ) (8,319,820 ) Provision for loan loss reserve (230,321 ) (432,468 ) (829,243 ) (1,701,700 ) Mortgage fee income $ 28,607,888 $ 66,257,851 $ 118,983,231 $ 204,414,276 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 September 30, 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 As of Balance, beginning of period $ 2,447,139 $ 20,583,618 Provision on current loan originations (1) 829,243 2,211,230 Charge-offs, net of recaptured amounts (1,450,626 ) (20,347,709 ) Balance, end of period $ 1,825,756 $ 2,447,139 (1) Included in mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the nine months ended September 30, 2022, $ 829,243 290 1,000,000 1,701,700 300 1,000,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	5) Stock Compensation Plans The Company has three fixed option plans (the “2013 Plan”, the “2014 Director Plan” and the “2022 Plan”). Compensation expense for options issued of $ 230,853 nil 722,775 39,153 159,861 The fair value of each option granted is estimated on the date of grant using the Black Scholes Option Pricing Model. The Company estimates the expected life of the options using the simplified method. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the expected life of the options. The risk-free interest rate for the expected life of the options is based upon the Federal Reserve Board’s daily interest rates in effect at the time of the grant. A summary of the status of the Company’s stock compensation plans as of September 30, 2022, and the changes during the nine months ended September 30, 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 $ 4.38 821,146 $ 5.26 Adjustment for effect of stock dividends 47,780 41,057 Granted 4,000 - Exercised (71,330 ) - Cancelled (1,591 ) - Outstanding at September 30, 2022 1,003,210 $ 4.58 862,203 $ 5.26 As of September 30, 2022: Options exercisable 978,835 $ 4.49 804,703 $ 5.04 As of September 30, 2022: Available options for future grant 1,239,795 17,523 Weighted average contractual term of options outstanding at September 30, 2022 4.32 6.75 Weighted average contractual term of options exercisable at September 30, 2022 4.19 6.63 Aggregated intrinsic value of options outstanding at September 30, 2022 (1) $ 1,775,100 $ 939,395 Aggregated intrinsic value of options exercisable at September 30, 2022 (1) $ 1,819,950 $ 1,055,445 (1) The Company used a stock price of $ 6.35 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 5) Stock Compensation Plans A summary of the status of the Company’s stock compensation plans as of September 30, 2021, and the changes during the nine months ended September 30, 2021, are presented below: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2021 1,072,863 $ 4.22 662,666 $ 4.61 Adjustment for effect of stock dividends 47,594 33,136 Granted - - Exercised (134,362 ) - Cancelled - - Outstanding at September 30, 2021 986,095 $ 4.31 695,802 $ 4.61 As of September 30, 2021: Options exercisable 986,095 $ 4.31 695,802 $ 4.61 As of September 30, 2021: Available options for future grant 364,851 279,825 Weighted average contractual term of options outstanding at September 30, 2021 4.94 6.07 Weighted average contractual term of options exercisable at September 30, 2021 4.94 6.07 Aggregated intrinsic value of options outstanding at September 30, 2021 (1) $ 3,868,045 $ 2,515,840 Aggregated intrinsic value of options exercisable at September 30, 2021 (1) $ 3,868,045 $ 2,515,840 (1) The Company used a stock price of $ 8.23 The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during the nine months September 30, 2022 and 2021 was $ 521,527 591,603 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Earnings (loss) Per Share

Earnings (loss) Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings (loss) Per Share	6) Earnings (loss) Per Share Earnings (loss) per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings (loss) per share amounts were calculated as follows: Schedule of Earning Per Share, Basic and Diluted 2022 2021 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net earnings (loss) $ (2,353,185 ) $ 10,790,730 $ 4,449,982 $ 34,176,924 Denominator: Basic weighted-average shares outstanding 20,926,823 21,152,747 21,164,377 21,109,092 Effect of dilutive securities: Employee stock options 685,432 860,967 783,207 850,960 Diluted weighted-average shares outstanding 21,612,255 22,013,714 21,947,584 21,960,052 Basic net earnings (loss) per share $ (0.11 ) $ 0.51 $ 0.21 $ 1.62 Diluted net earnings (loss) per share $ (0.11 ) $ 0.49 $ 0.20 $ 1.56 For the nine months September 30, 2022 and 2021, there were 339,150 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 111,608 - Stock dividends 837,410 131,553 Conversion of Class C to Class A 49,247 (49,247 ) Outstanding shares at September 30, 2021 17,594,048 2,761,909 Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 69,096 - Stock dividends 889,554 139,462 Conversion of Class C to Class A 116,168 (116,168 ) Outstanding shares at September 30, 2022 18,717,540 2,889,859 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 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 September 30, 2022 (Unaudited) 7) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Consolidated For the Three Months Ended September 30, 2022 Revenues from external customers $ 43,118,076 $ 6,691,998 $ 33,667,146 $ - $ 83,477,220 Intersegment revenues 1,723,812 91,699 101,019 (1,916,530 ) - Segment profit (loss) before income taxes 4,233,619 901,084 (8,437,047 ) - (3,302,344 ) For the Nine Months Ended September 30, 2022 Revenues from external customers $ 125,786,154 $ 21,446,210 $ 134,237,417 $ - $ 281,469,781 Intersegment revenues 5,495,578 359,439 253,554 (6,108,571 ) - Segment profit (loss) before income taxes 8,981,888 4,407,339 (7,518,209 ) - 5,871,018 Identifiable Assets 1,222,265,692 80,402,663 239,915,479 (87,763,750 ) 1,454,820,084 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,225,031,262 82,890,876 239,915,479 (87,763,750 ) 1,460,073,867 For the Three Months Ended September 30, 2021 Revenues from external customers $ 42,039,638 $ 6,705,347 $ 70,764,146 $ - $ 119,509,131 Intersegment revenues 1,756,860 79,096 153,502 (1,989,458 ) - Segment profit before income taxes 3,721,220 1,747,493 8,674,680 - 14,143,393 For the Nine Months Ended September 30, 2021 Revenues from external customers $ 121,640,865 $ 20,512,534 $ 216,764,653 $ - $ 358,918,052 Intersegment revenues 5,409,841 234,905 470,534 (6,115,280 ) - Segment profit before income taxes 11,110,425 6,717,763 27,347,612 - 45,175,800 Segment profit (loss) before income taxes 11,110,425 6,717,763 27,347,612 - 45,175,800 Identifiable Assets 1,241,514,729 63,265,518 328,274,954 (78,248,809 ) 1,554,806,392 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 1,244,280,299 64,019,536 328,274,954 (78,248,809 ) 1,558,325,980 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 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 $ 320,806,385 $ - $ 319,181,187 $ 1,625,198 Equity securities 10,371,032 10,371,032 - - Loans held for sale 161,981,923 - - 161,981,923 Restricted assets (1) 1,210,443 - 1,210,443 - Restricted assets (2) 4,520,493 4,520,493 - - Cemetery perpetual care trust investments (1) 262,494 - 262,494 - Cemetery perpetual care trust investments (2) 3,177,608 3,177,608 - - Derivatives - loan commitments (3) 5,922,415 - - 5,922,415 Total assets accounted for at fair value on a recurring basis $ 508,252,793 $ 18,069,133 $ 320,654,124 $ 169,529,536 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (1,688 ) $ (1,688 ) $ - $ - Derivatives - put options (4) (18,982 ) (18,982 ) - - Derivatives - loan commitments (4) (1,750,055 ) - - (1,750,055 ) Total liabilities accounted for at fair value on a recurring basis $ (1,770,725 ) $ (20,670 ) $ - $ (1,750,055 ) (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 September 30, 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) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) 3,302,480 3,302,480 - - Derivatives - loan commitments (3) 8,563,410 - - 8,563,410 Total assets accounted for at fair value on a recurring basis $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (50,936 ) $ (50,936 ) $ - $ - Derivatives - put options (4) (4,493 ) (4,493 ) - - Derivatives - loan commitments (4) (1,547,895 ) - - (1,547,895 ) Total liabilities accounted for at fair value on a recurring basis $ (1,603,324 ) $ (55,429 ) $ - $ (1,547,895 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 8) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of September 30, 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 9/30/2022 Technique Input(s) Value Value Average Loans held for sale $ 161,981,923 Market approach Investor contract pricing as a percentage of unpaid principal balance 67.4 % 107.7 % 98.9 % Derivatives - loan commitments (net) 4,172,360 Market approach Pull-through rate 66.7 % 95.0 % 83.7 % Initial-Value N/A N/A N/A Servicing 0 bps 197 bps 95 bps Fixed maturity securities available for sale 1,625,198 Broker quotes Pricing quotes $ 101.41 $ 111.11 $ 106.44 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 September 30, 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 nine months ending September 30, 2022: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Loans Held Fixed Maturity Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 2,837,349,328 - Sales, maturities and paydowns - (2,987,906,269 ) (368,980 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (loss) (2,843,155 )(1) 59,190,794 (1) 1,957 (2) Included in other comprehensive income (loss) - - (31,127 ) Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (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 nine months ending September 30, 2021: Net Loan Loans Held Fixed Maturity Balance - December 31, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 Originations and purchases - 4,243,072,600 - Sales, maturities and paydowns - (4,484,170,804 ) (33,950 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings (549,093 )(1) 131,183,580 (1) 2,729 (2) Included in other comprehensive income - - (119,133 ) Balance - September 30, 2021 $ 9,579,517 $ 312,655,843 $ 2,050,821 (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 September 30, 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 September 30, 2022: Net Loan Loans Held Fixed Maturity Balance - June 30, 2022 $ 7,443,642 $ 209,860,409 $ 1,962,789 Originations and purchases - 787,389,868 - Sales, maturities and paydowns - (800,430,402 ) (344,630 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (3,271,282 )(1) 14,590,805 (1) - (2) Included in other comprehensive income - - 7,039 Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (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 September 30, 2021: Net Loan Loans Held Fixed Maturity Balance - June 30, 2021 $ 9,960,213 $ 296,728,086 $ 2,180,828 Originations and purchases - 1,432,842,093 - Sales, maturities and paydowns - (1,459,143,727 ) (11,550 ) Total gains (losses): Included in earnings (380,696 )(1) 42,229,391 (1) 928 (2) Included in other comprehensive income - - (119,385 ) Balance - September 30, 2021 $ 9,579,517 $ 312,655,843 $ 2,050,821 (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 September 30, 2022 (Unaudited) 8) Fair Value of Financial Instruments The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at September 30, 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 471,786 - - 471,786 Total assets accounted for at fair value on a nonrecurring basis $ 471,786 $ - $ - $ 471,786 The following table summarizes 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 September 30, 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 September 30, 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 September 30, 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 $ 86,591,587 $ - $ - $ 84,867,935 $ 84,867,935 Residential construction 201,127,984 - - 201,127,984 201,127,984 Commercial 32,844,029 - - 32,018,351 32,018,351 Mortgage loans held for investment, net $ 320,563,600 $ - $ - $ 318,014,270 $ 318,014,270 Policy loans 13,066,150 - - 13,066,150 13,066,150 Insurance assignments, net (1) 40,877,511 - - 40,877,511 40,877,511 Restricted assets (2) 2,357,304 - - 2,357,304 2,357,304 Cemetery perpetual care trust investments (2) 2,243,307 - - 2,243,307 2,243,307 Mortgage servicing rights, net (4) 54,379,245 - - 93,863,177 93,863,177 Liabilities Bank and other loans payable $ (201,479,763 ) $ - $ - $ (201,479,763 ) $ (201,479,763 ) Policyholder account balances (3) (41,745,320 ) - - (34,331,676 ) (34,331,676 ) Future policy benefits - annuities (3) (106,760,557 ) - - (113,983,260 ) (113,983,260 ) (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 (4) Refer to Note 15 of the Notes to Condensed Consolidated Financial Statements SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 S ECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 2022 December 31, 2021 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and Other liabilities $ 429,673,953 $ 5,922,415 $ 1,750,055 $ 862,568,967 $ 8,563,410 $ 1,547,895 Call options Other liabilities 848,900 - 1,688 982,500 - 50,936 Put options Other liabilities 297,000 - 18,982 362,900 - 4,493 Total $ 430,819,853 $ 5,922,415 $ 1,770,725 $ 863,914,367 $ 8,563,410 $ 1,603,324 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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) Net Amount Gain (Loss) Three Months Ended September 30 Nine Months Ended September 30 Derivative Classification 2022 2021 2022 2021 Loan commitments Mortgage fee income $ (3,271,282 ) $ (380,696 ) $ (2,843,155 ) $ (549,093 ) Call and put options Gains on investments and other assets $ 50,045 $ 12,985 $ 176,274 $ 128,270

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	9 Months Ended
	Sep. 30, 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 SOFR rate plus 2.1% June 2, 2023 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% November 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 SOFR rate plus 2.50% May 26, 2023 1.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 2.10% plus the greater of (i) 0% June 2, 2023 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 September 30, 2022, SecurityNational Mortgage was not in compliance, but received waivers or amendments from the warehouse banks. In the unlikely event the Company is required to repay the warehouse lines, the Company has sufficient cash and borrowing capacity to do so and to continue to fund its origination activities through other internal funding sources. Other Contingencies and Commitments The Company has entered into commitments to fund construction and land development loans and has also provided financing for land acquisition and development. As of September 30, 2022, the Company’s commitments were approximately $ 302,567,000 206,285,687 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 September 30, 2022 (Unaudited)

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 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. Also, refer to Note 15 regarding a subsequent event for the MSRs. 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 As of Amortized cost: Balance before valuation allowance at beginning of year $ 53,060,455 $ 35,210,516 MSR additions resulting from loan sales (1) (1) 9,608,442 32,701,819 Amortization (2) (8,289,652 ) (14,851,880 ) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 54,379,245 $ 53,060,455 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 54,379,245 $ 53,060,455 Estimated fair value of MSRs at end of period $ 93,863,177 $ 68,811,809 (1) Included in mortgage fee income on the condensed consolidated statements of earnings (2) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 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 2022 5,739,067 2023 5,098,468 2024 4,677,509 2025 4,238,273 2026 3,843,026 Thereafter 30,782,902 Total $ 54,379,245 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Contractual servicing fees $ 4,644,397 $ 4,037,142 $ 13,845,626 $ 11,179,908 Late fees 107,219 71,724 288,854 227,211 Total $ 4,751,616 $ 4,108,866 $ 14,134,480 $ 11,407,119 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 As of Servicing UPB $ 7,381,027,999 $ 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 September 30, 2022 7.13 8.44 9.50 December 31, 2021 11.60 6.64 9.50 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	13) Income Taxes The Company’s overall effective tax rate for the three months ended September 30, 2022 and 2021 was 28.7% 23.7% ($949,159) 3,352,663 24.2% 24.3% 1,421,036 10,998,876 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	9 Months Ended
	Sep. 30, 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 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 September 30, 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 (9/30/2022) 5,846,865 - 15,873,046 Increase/(decrease) 548,229 - 1,365,024 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 September 30, 2022 and 2021 was $ 1,034,035 1,143,745 3,624,463 3,588,682 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Major goods/service lines At-need $ 4,839,289 $ 4,129,203 $ 16,304,276 $ 12,172,631 Pre-need 1,631,074 1,838,472 4,622,311 6,055,568 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199 Timing of Revenue Recognition Goods transferred at a point in time $ 4,040,381 $ 4,132,050 $ 12,815,582 $ 12,882,878 Services transferred at a point in time 2,429,982 1,835,625 8,111,005 5,345,321 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 14) Revenues from Contracts with Customers 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199 Gains (losses) on investments and other assets (640,593 ) (112,828 ) (1,615,253 ) 913,058 Net investment income 681,239 826,008 1,916,970 1,296,899 Other revenues 180,989 24,492 217,906 74,378 Revenues from external customers 6,691,998 6,705,347 21,446,210 20,512,534

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	15) Subsequent Events October 31, 2022, the Company, through its wholly owned subsidiary, SecurityNational Mortgage Company (“SecurityNational Mortgage”) sold certain of its mortgage loan servicing rights (“MSRs”) to PNC Bank, NA for aggregate gross consideration of approximately $ 89.7 7.05

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of September 30, 2022 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated September 30, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 92,703,449 $ 40,553 $ (2,712,674 ) $ 90,031,328 Obligations of states and political subdivisions 6,967,633 68,118 (357,711 ) 6,678,040 Corporate securities including public utilities 207,475,636 1,360,888 (14,314,429 ) 194,522,095 Mortgage-backed securities 32,865,784 170,765 (3,721,627 ) 29,314,922 Redeemable preferred stock 250,000 10,000 - 260,000 Total fixed maturity securities available for sale $ 340,262,502 $ 1,650,324 $ (21,106,441 ) $ 320,806,385 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,792,380 $ 1,871,973 $ (1,293,321 ) $ 10,371,032 Total equity securities at estimated fair value $ 9,792,380 $ 1,871,973 $ (1,293,321 ) $ 10,371,032 Mortgage loans held for investment at amortized cost: Residential $ 89,281,273 Residential construction 201,685,076 Commercial 33,350,108 Less: Unamortized deferred loan fees, net (1,730,306 ) Less: Allowance for loan losses (1,675,015 ) Less: Net discounts (347,536 ) Total mortgage loans held for investment $ 320,563,600 Real estate held for investment - net of accumulated depreciation: Residential $ 38,506,725 Commercial 157,570,812 Total real estate held for investment $ 196,077,537 Real estate held for sale: Commercial $ 151,553 Total real estate held for sale $ 151,553 Other investments and policy loans at amortized cost: Policy loans $ 13,066,150 Insurance assignments 42,614,272 Federal Home Loan Bank stock (1) 2,588,400 Other investments 9,081,500 Less: Allowance for doubtful accounts (1,736,761 ) Total policy loans and other investments $ 65,613,561 Accrued investment income $ 10,844,025 Total investments $ 924,427,693 (1) Includes $ 933,300 1,655,100 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 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 September 30, 2022 and at December 31, 2021. The unrealized losses were primarily related to interest rate fluctuations and uncertainties relating to COVID-19. The table below sets 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 September 30, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 2,712,674 $ 88,813,356 $ - $ - $ 2,712,674 $ 88,813,356 Obligations of States and Political Subdivisions 278,757 4,671,643 78,954 430,230 357,711 5,101,873 Corporate Securities 13,675,310 159,071,249 639,119 3,930,859 14,314,429 163,002,108 Mortgage and other asset-backed securities 2,715,858 20,511,908 1,005,769 7,330,869 3,721,627 27,842,777 Totals $ 19,382,599 $ 273,068,156 $ 1,723,842 $ 11,691,958 $ 21,106,441 $ 284,760,114 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) (39,502 ) - Securities due to an increase in expected cash flows - - Balance of credit-related OTTI at September 30 $ 225,475 $ 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 September 30, 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 Due in 1 year $ 11,546,042 $ 11,537,459 Due in 2-5 years 137,667,392 132,904,405 Due in 5-10 years 67,911,889 63,435,713 Due in more than 10 years 90,021,395 83,353,886 Mortgage-backed securities 32,865,784 29,314,922 Redeemable preferred stock 250,000 260,000 Total $ 340,262,502 $ 320,806,385
Schedule of Gain (Loss) on Investments	The following table presents the 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Fixed maturity securities: Gross realized gains $ 30,121 $ 244,275 $ 205,755 $ 517,934 Gross realized losses (26,203 ) (16,812 ) (36,961 ) (31,698 ) Equity securities: Gains (losses) on securities sold (131,472 ) 119,614 (60,154 ) 372,194 Unrealized gains and (losses) on securities held at the end of the period (1,383,627 ) (122,505 ) (4,097,049 ) 1,319,919 Other assets: Gross realized gains 59,599 855,282 1,892,630 2,702,084 Gross realized losses (727,370 ) (102,954 ) (825,593 ) (466,216 ) Total $ (2,178,952 ) $ 976,900 $ (2,921,372 ) $ 4,414,217
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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Proceeds from sales $ 1,198,240 $ 843,151 $ 1,886,891 $ 2,826,082 Gross realized gains 21,926 13,878 24,281 223,010 Gross realized losses (24,811 ) (3,249 ) (32,656 ) (3,249 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 3) Investments Major categories of net investment income were as follows: 2022 2021 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Fixed maturity securities available for sale $ 3,188,521 $ 2,667,848 $ 8,636,387 $ 8,189,971 Equity securities 139,412 111,213 382,246 345,482 Mortgage loans held for investment 10,477,672 7,040,773 27,682,315 20,027,656 Real estate held for investment and sale 3,918,310 3,307,980 10,970,535 9,353,459 Policy loans 213,520 229,857 727,103 694,345 Insurance assignments 4,218,184 4,781,079 13,708,894 14,298,126 Other investments 181,597 35,118 350,603 88,124 Cash and cash equivalents 514,869 81,186 698,601 154,810 Gross investment income 22,852,085 18,255,054 63,156,684 53,151,973 Investment expenses (4,249,015 ) (3,162,092 ) (13,388,020 ) (9,587,806 ) Net investment income $ 18,603,070 $ 15,092,962 $ 49,768,664 $ 43,564,167
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 September 30 December 31 September 30 December 31 Utah (1) $ 152,280,425 $ 150,105,948 625,920 625,920 Louisiana 2,392,288 2,426,612 31,778 31,778 Mississippi 2,898,099 2,860,775 19,694 19,694 $ 157,570,812 $ 155,393,335 677,392 677,392 (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 September 30 December 31 September 30 December 31 2021 Kansas $ - $ 2,000,000 - 222,679 California - 389,145 - 2,872 Mississippi (1) 151,553 151,553 - - $ 151,553 $ 2,540,698 - 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 September 30 December 31 Utah (1) $ 38,506,725 $ 41,686,281 Washington (2) - 286,181 $ 38,506,725 $ 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. September 30 December 31 Lots developed 52 67 Lots to be developed 2,206 548 Ending Balance $ 38,307,821 $ 41,479,434 The Company’s residential real estate held for sale is summarized as follows: Net Ending Balance September 30 December 31 Texas $ - $ 200,962 Nevada - 979,640 Ohio - 10,000 Real estate held for sale $ - $ 1,190,602
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 September 30, 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 September 30, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Charge-offs - - - - Provision - (24,887 ) - (24,887 ) Ending balance - September 30, 2022 $ 187,129 $ 1,444,684 $ 43,202 $ 1,675,015 Ending balance: individually evaluated for impairment $ - $ 41,139 $ - $ 41,139 Ending balance: collectively evaluated for impairment $ 187,129 $ 1,403,545 $ 43,202 $ 1,633,876 Mortgage loans: Ending balance - September 30, 2022 $ 33,350,108 $ 89,281,273 $ 201,685,076 $ 324,316,457 Ending balance: individually evaluated for impairment $ 405,000 $ 1,410,099 $ - $ 1,815,099 Ending balance: collectively evaluated for impairment $ 32,945,108 $ 87,871,174 $ 201,685,076 $ 322,501,358 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 September 30, 2022 30-59 Days Past Due $ 205,763 $ 2,639,165 $ 1,644,520 $ 4,489,448 60-89 Days Past Due - 721,148 626,023 1,347,171 Greater Than 90 Days (1) - 1,088,810 - 1,088,810 In Process of Foreclosure (1) 405,000 321,289 - 726,289 Total Past Due 610,763 4,770,412 2,270,543 7,651,718 Current 32,739,345 84,510,861 199,414,533 316,664,739 Total Mortgage Loans 33,350,108 89,281,273 201,685,076 324,316,457 Allowance for Loan Losses (187,129 ) (1,444,684 ) (43,202 ) (1,675,015 ) Unamortized deferred loan fees, net (84,392 ) (1,132,024 ) (513,890 ) (1,730,306 ) Unamortized discounts, net (234,558 ) (112,978 ) - (347,536 ) Net Mortgage Loans $ 32,844,029 $ 86,591,587 $ 201,127,984 $ 320,563,600 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 Impairment Mortgage Loans	Schedule of Impairment Mortgage Loans Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2022 With no related allowance recorded: Commercial $ 405,000 $ 405,000 $ - $ 881,234 $ - Residential 897,174 897,174 - 952,765 - Residential construction - - - 138,635 - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Residential 512,925 512,925 41,139 570,066 - Residential construction - - - - - Total: Commercial $ 405,000 $ 405,000 $ - $ 881,234 $ - Residential 1,410,099 1,410,099 41,139 1,522,831 - Residential construction - - - 138,635 - 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 September December September December September December September December Performing $ 32,945,108 $ 49,959,650 $ 87,871,174 $ 50,985,056 $ 201,685,076 $ 175,117,783 $ 322,501,358 $ 276,062,489 Non-performing 405,000 1,723,372 1,410,099 2,548,656 - - 1,815,099 4,272,028 Total $ 33,350,108 $ 51,683,022 $ 89,281,273 $ 53,533,712 $ 201,685,076 $ 175,117,783 $ 324,316,457 $ 280,334,517

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 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 As of Aggregate fair value $ 161,981,923 $ 302,776,827 Unpaid principal balance 161,668,488 294,481,503 Unrealized gain 313,435 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 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Loan fees $ 4,729,445 $ 9,552,788 $ 19,766,856 $ 28,247,365 Interest income 2,570,511 2,336,573 7,525,826 6,836,754 Secondary gains 28,940,898 55,440,961 103,336,118 179,900,770 Change in fair value of loan commitments (3,271,282 ) (380,696 ) (2,843,155 ) (549,093 ) Change in fair value of loans held for sale (4,131,363 ) (259,307 ) (7,973,171 ) (8,319,820 ) Provision for loan loss reserve (230,321 ) (432,468 ) (829,243 ) (1,701,700 ) Mortgage fee income $ 28,607,888 $ 66,257,851 $ 118,983,231 $ 204,414,276
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 As of Balance, beginning of period $ 2,447,139 $ 20,583,618 Provision on current loan originations (1) 829,243 2,211,230 Charge-offs, net of recaptured amounts (1,450,626 ) (20,347,709 ) Balance, end of period $ 1,825,756 $ 2,447,139 (1) Included in mortgage fee income

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2022, and the changes during the nine months ended September 30, 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 $ 4.38 821,146 $ 5.26 Adjustment for effect of stock dividends 47,780 41,057 Granted 4,000 - Exercised (71,330 ) - Cancelled (1,591 ) - Outstanding at September 30, 2022 1,003,210 $ 4.58 862,203 $ 5.26 As of September 30, 2022: Options exercisable 978,835 $ 4.49 804,703 $ 5.04 As of September 30, 2022: Available options for future grant 1,239,795 17,523 Weighted average contractual term of options outstanding at September 30, 2022 4.32 6.75 Weighted average contractual term of options exercisable at September 30, 2022 4.19 6.63 Aggregated intrinsic value of options outstanding at September 30, 2022 (1) $ 1,775,100 $ 939,395 Aggregated intrinsic value of options exercisable at September 30, 2022 (1) $ 1,819,950 $ 1,055,445 (1) The Company used a stock price of $ 6.35 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2022 (Unaudited) 5) Stock Compensation Plans A summary of the status of the Company’s stock compensation plans as of September 30, 2021, and the changes during the nine months ended September 30, 2021, are presented below: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2021 1,072,863 $ 4.22 662,666 $ 4.61 Adjustment for effect of stock dividends 47,594 33,136 Granted - - Exercised (134,362 ) - Cancelled - - Outstanding at September 30, 2021 986,095 $ 4.31 695,802 $ 4.61 As of September 30, 2021: Options exercisable 986,095 $ 4.31 695,802 $ 4.61 As of September 30, 2021: Available options for future grant 364,851 279,825 Weighted average contractual term of options outstanding at September 30, 2021 4.94 6.07 Weighted average contractual term of options exercisable at September 30, 2021 4.94 6.07 Aggregated intrinsic value of options outstanding at September 30, 2021 (1) $ 3,868,045 $ 2,515,840 Aggregated intrinsic value of options exercisable at September 30, 2021 (1) $ 3,868,045 $ 2,515,840 (1) The Company used a stock price of $ 8.23

Earnings (loss) Per Share (Tabl

Earnings (loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earning Per Share, Basic and Diluted	Earnings (loss) per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings (loss) per share amounts were calculated as follows: Schedule of Earning Per Share, Basic and Diluted 2022 2021 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net earnings (loss) $ (2,353,185 ) $ 10,790,730 $ 4,449,982 $ 34,176,924 Denominator: Basic weighted-average shares outstanding 20,926,823 21,152,747 21,164,377 21,109,092 Effect of dilutive securities: Employee stock options 685,432 860,967 783,207 850,960 Diluted weighted-average shares outstanding 21,612,255 22,013,714 21,947,584 21,960,052 Basic net earnings (loss) per share $ (0.11 ) $ 0.51 $ 0.21 $ 1.62 Diluted net earnings (loss) per share $ (0.11 ) $ 0.49 $ 0.20 $ 1.56
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 111,608 - Stock dividends 837,410 131,553 Conversion of Class C to Class A 49,247 (49,247 ) Outstanding shares at September 30, 2021 17,594,048 2,761,909 Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 69,096 - Stock dividends 889,554 139,462 Conversion of Class C to Class A 116,168 (116,168 ) Outstanding shares at September 30, 2022 18,717,540 2,889,859

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 Consolidated For the Three Months Ended September 30, 2022 Revenues from external customers $ 43,118,076 $ 6,691,998 $ 33,667,146 $ - $ 83,477,220 Intersegment revenues 1,723,812 91,699 101,019 (1,916,530 ) - Segment profit (loss) before income taxes 4,233,619 901,084 (8,437,047 ) - (3,302,344 ) For the Nine Months Ended September 30, 2022 Revenues from external customers $ 125,786,154 $ 21,446,210 $ 134,237,417 $ - $ 281,469,781 Intersegment revenues 5,495,578 359,439 253,554 (6,108,571 ) - Segment profit (loss) before income taxes 8,981,888 4,407,339 (7,518,209 ) - 5,871,018 Identifiable Assets 1,222,265,692 80,402,663 239,915,479 (87,763,750 ) 1,454,820,084 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,225,031,262 82,890,876 239,915,479 (87,763,750 ) 1,460,073,867 For the Three Months Ended September 30, 2021 Revenues from external customers $ 42,039,638 $ 6,705,347 $ 70,764,146 $ - $ 119,509,131 Intersegment revenues 1,756,860 79,096 153,502 (1,989,458 ) - Segment profit before income taxes 3,721,220 1,747,493 8,674,680 - 14,143,393 For the Nine Months Ended September 30, 2021 Revenues from external customers $ 121,640,865 $ 20,512,534 $ 216,764,653 $ - $ 358,918,052 Intersegment revenues 5,409,841 234,905 470,534 (6,115,280 ) - Segment profit before income taxes 11,110,425 6,717,763 27,347,612 - 45,175,800 Segment profit (loss) before income taxes 11,110,425 6,717,763 27,347,612 - 45,175,800 Identifiable Assets 1,241,514,729 63,265,518 328,274,954 (78,248,809 ) 1,554,806,392 Goodwill 2,765,570 754,018 - - 3,519,588 Total Assets 1,244,280,299 64,019,536 328,274,954 (78,248,809 ) 1,558,325,980

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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 $ 320,806,385 $ - $ 319,181,187 $ 1,625,198 Equity securities 10,371,032 10,371,032 - - Loans held for sale 161,981,923 - - 161,981,923 Restricted assets (1) 1,210,443 - 1,210,443 - Restricted assets (2) 4,520,493 4,520,493 - - Cemetery perpetual care trust investments (1) 262,494 - 262,494 - Cemetery perpetual care trust investments (2) 3,177,608 3,177,608 - - Derivatives - loan commitments (3) 5,922,415 - - 5,922,415 Total assets accounted for at fair value on a recurring basis $ 508,252,793 $ 18,069,133 $ 320,654,124 $ 169,529,536 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (1,688 ) $ (1,688 ) $ - $ - Derivatives - put options (4) (18,982 ) (18,982 ) - - Derivatives - loan commitments (4) (1,750,055 ) - - (1,750,055 ) Total liabilities accounted for at fair value on a recurring basis $ (1,770,725 ) $ (20,670 ) $ - $ (1,750,055 ) (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 September 30, 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) 784,765 - 784,765 - Cemetery perpetual care trust investments (2) 3,302,480 3,302,480 - - Derivatives - loan commitments (3) 8,563,410 - - 8,563,410 Total assets accounted for at fair value on a recurring basis $ 591,517,009 $ 18,502,716 $ 259,650,708 $ 313,363,585 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (50,936 ) $ (50,936 ) $ - $ - Derivatives - put options (4) (4,493 ) (4,493 ) - - Derivatives - loan commitments (4) (1,547,895 ) - - (1,547,895 ) Total liabilities accounted for at fair value on a recurring basis $ (1,603,324 ) $ (55,429 ) $ - $ (1,547,895 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets
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 September 30, 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 9/30/2022 Technique Input(s) Value Value Average Loans held for sale $ 161,981,923 Market approach Investor contract pricing as a percentage of unpaid principal balance 67.4 % 107.7 % 98.9 % Derivatives - loan commitments (net) 4,172,360 Market approach Pull-through rate 66.7 % 95.0 % 83.7 % Initial-Value N/A N/A N/A Servicing 0 bps 197 bps 95 bps Fixed maturity securities available for sale 1,625,198 Broker quotes Pricing quotes $ 101.41 $ 111.11 $ 106.44 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 nine months ending September 30, 2022: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Loans Held Fixed Maturity Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 2,837,349,328 - Sales, maturities and paydowns - (2,987,906,269 ) (368,980 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (loss) (2,843,155 )(1) 59,190,794 (1) 1,957 (2) Included in other comprehensive income (loss) - - (31,127 ) Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (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 nine months ending September 30, 2021: Net Loan Loans Held Fixed Maturity Balance - December 31, 2020 $ 10,128,610 $ 422,772,418 $ 2,201,175 Originations and purchases - 4,243,072,600 - Sales, maturities and paydowns - (4,484,170,804 ) (33,950 ) Transfer to mortgage loans held for investment - (201,951 ) - Total gains (losses): Included in earnings (549,093 )(1) 131,183,580 (1) 2,729 (2) Included in other comprehensive income - - (119,133 ) Balance - September 30, 2021 $ 9,579,517 $ 312,655,843 $ 2,050,821 (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 September 30, 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 September 30, 2022: Net Loan Loans Held Fixed Maturity Balance - June 30, 2022 $ 7,443,642 $ 209,860,409 $ 1,962,789 Originations and purchases - 787,389,868 - Sales, maturities and paydowns - (800,430,402 ) (344,630 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (3,271,282 )(1) 14,590,805 (1) - (2) Included in other comprehensive income - - 7,039 Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (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 September 30, 2021: Net Loan Loans Held Fixed Maturity Balance - June 30, 2021 $ 9,960,213 $ 296,728,086 $ 2,180,828 Originations and purchases - 1,432,842,093 - Sales, maturities and paydowns - (1,459,143,727 ) (11,550 ) Total gains (losses): Included in earnings (380,696 )(1) 42,229,391 (1) 928 (2) Included in other comprehensive income - - (119,385 ) Balance - September 30, 2021 $ 9,579,517 $ 312,655,843 $ 2,050,821 (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 summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the condensed consolidated balance sheet at September 30, 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 471,786 - - 471,786 Total assets accounted for at fair value on a nonrecurring basis $ 471,786 $ - $ - $ 471,786 The following table summarizes 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 September 30, 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 $ 86,591,587 $ - $ - $ 84,867,935 $ 84,867,935 Residential construction 201,127,984 - - 201,127,984 201,127,984 Commercial 32,844,029 - - 32,018,351 32,018,351 Mortgage loans held for investment, net $ 320,563,600 $ - $ - $ 318,014,270 $ 318,014,270 Policy loans 13,066,150 - - 13,066,150 13,066,150 Insurance assignments, net (1) 40,877,511 - - 40,877,511 40,877,511 Restricted assets (2) 2,357,304 - - 2,357,304 2,357,304 Cemetery perpetual care trust investments (2) 2,243,307 - - 2,243,307 2,243,307 Mortgage servicing rights, net (4) 54,379,245 - - 93,863,177 93,863,177 Liabilities Bank and other loans payable $ (201,479,763 ) $ - $ - $ (201,479,763 ) $ (201,479,763 ) Policyholder account balances (3) (41,745,320 ) - - (34,331,676 ) (34,331,676 ) Future policy benefits - annuities (3) (106,760,557 ) - - (113,983,260 ) (113,983,260 ) (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 (4) Refer to Note 15 of the Notes to Condensed Consolidated Financial Statements SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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)	9 Months Ended
	Sep. 30, 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 September 30, 2022 December 31, 2021 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and Other liabilities $ 429,673,953 $ 5,922,415 $ 1,750,055 $ 862,568,967 $ 8,563,410 $ 1,547,895 Call options Other liabilities 848,900 - 1,688 982,500 - 50,936 Put options Other liabilities 297,000 - 18,982 362,900 - 4,493 Total $ 430,819,853 $ 5,922,415 $ 1,770,725 $ 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) Net Amount Gain (Loss) Three Months Ended September 30 Nine Months Ended September 30 Derivative Classification 2022 2021 2022 2021 Loan commitments Mortgage fee income $ (3,271,282 ) $ (380,696 ) $ (2,843,155 ) $ (549,093 ) Call and put options Gains on investments and other assets $ 50,045 $ 12,985 $ 176,274 $ 128,270

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 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 As of Amortized cost: Balance before valuation allowance at beginning of year $ 53,060,455 $ 35,210,516 MSR additions resulting from loan sales (1) (1) 9,608,442 32,701,819 Amortization (2) (8,289,652 ) (14,851,880 ) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 54,379,245 $ 53,060,455 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 54,379,245 $ 53,060,455 Estimated fair value of MSRs at end of period $ 93,863,177 $ 68,811,809 (1) Included in mortgage fee income on the condensed consolidated statements of earnings (2) 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 September 30, 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 2022 5,739,067 2023 5,098,468 2024 4,677,509 2025 4,238,273 2026 3,843,026 Thereafter 30,782,902 Total $ 54,379,245
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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Contractual servicing fees $ 4,644,397 $ 4,037,142 $ 13,845,626 $ 11,179,908 Late fees 107,219 71,724 288,854 227,211 Total $ 4,751,616 $ 4,108,866 $ 14,134,480 $ 11,407,119
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 As of Servicing UPB $ 7,381,027,999 $ 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 September 30, 2022 7.13 8.44 9.50 December 31, 2021 11.60 6.64 9.50

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 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 (9/30/2022) 5,846,865 - 15,873,046 Increase/(decrease) 548,229 - 1,365,024 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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Major goods/service lines At-need $ 4,839,289 $ 4,129,203 $ 16,304,276 $ 12,172,631 Pre-need 1,631,074 1,838,472 4,622,311 6,055,568 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199 Timing of Revenue Recognition Goods transferred at a point in time $ 4,040,381 $ 4,132,050 $ 12,815,582 $ 12,882,878 Services transferred at a point in time 2,429,982 1,835,625 8,111,005 5,345,321 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199
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 2022 2021 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net mortuary and cemetery sales $ 6,470,363 $ 5,967,675 $ 20,926,587 $ 18,228,199 Gains (losses) on investments and other assets (640,593 ) (112,828 ) (1,615,253 ) 913,058 Net investment income 681,239 826,008 1,916,970 1,296,899 Other revenues 180,989 24,492 217,906 74,378 Revenues from external customers 6,691,998 6,705,347 21,446,210 20,512,534

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details Narrative)	9 Months Ended
	Sep. 30, 2022 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses held for investment	$ 500,000
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses held for investment	$ 750,000

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022		Dec. 31, 2021		Dec. 31, 2020
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 340,262,502		$ 236,303,310
Available for sale securities, unrecognized holding gain	1,650,324		23,501,282
Available for sale securities, unrecognized holding loss	(21,106,441)		(516,989)
Available for sale securities, estimated fair value	320,806,385		259,287,603
Available-for-sale securities, amortized cost basis	9,792,380		8,275,772
Available-for-sale securities, gross unrealized gain	10,371,032		11,596,414
Mortgage loans on real estate and construction	324,316,457		280,334,517
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,730,306)		(918,586)
Mortgage loans on real estate and construction, allowance for losses	(1,675,015)		(1,699,902)		$ (2,005,127)
Mortgage loans on real estate and construction, discount	(347,536)		(409,983)
Mortgage loans on real estate and construction	320,563,600		277,306,046
Real estate held for investment, net of depreciation	196,077,537		197,365,797
Real estate held for sale	151,553		3,731,300
Policy loans	13,066,150		13,478,214
Insurance assignments	42,614,272		48,632,808
Federal home loan bank stock	2,588,400	[1]	2,547,100	[2]
Other investments	9,081,500		4,983,251
Allowance for doubtful accounts	(1,736,761)		(1,686,218)
Total policy loans and other investments	65,613,561		67,955,155
Accrued investment income	10,844,025		6,313,012
Total investments	924,427,693		823,555,327
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	92,703,449		22,307,736
Available for sale securities, unrecognized holding gain	40,553		578,567
Available for sale securities, unrecognized holding loss	(2,712,674)
Available for sale securities, estimated fair value	90,031,328		22,886,303
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	6,967,633		4,649,917
Available for sale securities, unrecognized holding gain	68,118		212,803
Available for sale securities, unrecognized holding loss	(357,711)		(1,989)
Available for sale securities, estimated fair value	6,678,040		4,860,731
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	207,475,636		174,711,061
Available for sale securities, unrecognized holding gain	1,360,888		21,791,370
Available for sale securities, unrecognized holding loss	(14,314,429)		(353,668)
Available for sale securities, estimated fair value	194,522,095		196,148,763
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	32,865,784		34,365,382
Available for sale securities, unrecognized holding gain	170,765		905,159
Available for sale securities, unrecognized holding loss	(3,721,627)		(161,332)
Available for sale securities, estimated fair value	29,314,922		35,109,209
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	250,000		269,214
Available for sale securities, unrecognized holding gain	10,000		13,383
Available for sale securities, unrecognized holding loss
Available for sale securities, estimated fair value	260,000		282,597
Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	9,792,380		8,275,772
Available for sale securities, unrecognized holding gain	1,871,973		3,626,444
Available for sale securities, unrecognized holding loss	(1,293,321)		(305,802)
Available-for-sale securities, gross unrealized gain	10,371,032		11,596,414
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	9,792,380		8,275,772
Available for sale securities, unrecognized holding gain	1,871,973		3,626,444
Available for sale securities, unrecognized holding loss	(1,293,321)		(305,802)
Available-for-sale securities, gross unrealized gain	10,371,032		11,596,414
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	89,281,273		53,533,712
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,132,024)		(498,600)
Mortgage loans on real estate and construction, allowance for losses	(1,444,684)		(1,469,571)		(1,774,796)
Mortgage loans on real estate and construction, discount	(112,978)		(169,369)
Mortgage loans on real estate and construction	86,591,587		51,396,172
Real estate held for investment, net of depreciation	38,506,725		41,972,462
Real estate held for sale			1,190,602
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	201,685,076		175,117,783
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(513,890)		(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	201,127,984		174,691,408
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	33,350,108		51,683,022
Real estate held for investment, net of depreciation	157,570,812		155,393,335
Real estate held for sale	$ 151,553		$ 2,540,698
[1]Includes $ 933,300 1,655,100 905,700 1,641,400

Schedule of Investments (Deta_2

Schedule of Investments (Details) (Parenthethical) - USD ($)	Sep. 30, 2022		Dec. 31, 2021
Short term investment	$ 2,588,400	[1]	$ 2,547,100	[2]
Membership [Member]
Short term investment	933,300		905,700
Activity Stock Due [Member]
Short term investment	$ 1,655,100		$ 1,641,400
[1]Includes $ 933,300 1,655,100 905,700 1,641,400

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	$ 19,382,599	$ 148,448
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	273,068,156	13,122,225
Available for Sale Securities, Unrealized Losses for More than Twelve Months	1,723,842	368,541
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	11,691,958	5,354,617
Available for Sale Securities, Unrealized Losses	21,106,441	516,989
Available for Sale Securities, Fair Value	284,760,114	18,476,842
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	2,712,674
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	88,813,356
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	2,712,674
Available for Sale Securities, Fair Value	88,813,356
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	278,757	1,989
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	4,671,643	548,715
Available for Sale Securities, Unrealized Losses for More than Twelve Months	78,954
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	430,230
Available for Sale Securities, Unrealized Losses	357,711	1,989
Available for Sale Securities, Fair Value	5,101,873	548,715
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for Sale Securities, Unrealized Losses for Less than Twelve Months	13,675,310	73,507
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	159,071,249	4,638,750
Available for Sale Securities, Unrealized Losses for More than Twelve Months	639,119	280,161
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	3,930,859	3,771,813
Available for Sale Securities, Unrealized Losses	14,314,429	353,668
Available for Sale Securities, Fair Value	163,002,108	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	2,715,858	72,952
Available for Sale Securities, Unrealized Losses for Less than Twelve Months, Fair Value	20,511,908	7,934,760
Available for Sale Securities, Unrealized Losses for More than Twelve Months	1,005,769	88,380
Available for Sale Securities, Unrealized Losses for More than Twelve Months, Fair Value	7,330,869	1,582,804
Available for Sale Securities, Unrealized Losses	3,721,627	161,332
Available for Sale Securities, Fair Value	$ 27,842,777	$ 9,517,564

Schedule of Earnings on Fixed M

Schedule of Earnings on Fixed Maturity Securities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 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)	(39,502)
Securities due to an increase in expected cash flows
Balance of credit-related OTTI at September 30	$ 225,475	$ 370,975

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized cost	$ 340,262,502	$ 236,303,310
Estimated fair value	320,806,385	259,287,603
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	32,865,784	34,365,382
Estimated fair value	29,314,922	35,109,209
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Amortized cost	250,000	269,214
Estimated fair value	260,000	$ 282,597
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	11,546,042
Estimated fair value	11,537,459
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	137,667,392
Estimated fair value	132,904,405
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	67,911,889
Estimated fair value	63,435,713
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	90,021,395
Estimated fair value	$ 83,353,886

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net Investment Income [Line Items]
Gross realized gains	$ 21,926	$ 13,878	$ 24,281	$ 223,010
Gross realized losses	(24,811)	(3,249)	(32,656)	(3,249)
Total	(2,178,952)	976,900	(2,921,372)	4,414,217
Fixed Maturity Securities [Member]
Net Investment Income [Line Items]
Gross realized gains	30,121	244,275	205,755	517,934
Gross realized losses	(26,203)	(16,812)	(36,961)	(31,698)
Equity Securities One [Member]
Net Investment Income [Line Items]
Gains (losses) on securities sold	(131,472)	119,614	(60,154)	372,194
Unrealized gains and (losses) on securities held at the end of the period	(1,383,627)	(122,505)	(4,097,049)	1,319,919
Other Assets One [Member]
Net Investment Income [Line Items]
Gross realized gains	59,599	855,282	1,892,630	2,702,084
Gross realized losses	$ (727,370)	$ (102,954)	$ (825,593)	$ (466,216)

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Marketable Securities [Line Items]
Proceeds from sales	$ 1,198,240	$ 843,151	$ 1,886,891	$ 2,826,082
Gross realized gains	21,926	13,878	24,281	223,010
Gross realized losses	(24,811)	(3,249)	(32,656)	(3,249)
Gross investment income	22,852,085	18,255,054	63,156,684	53,151,973
Investment expenses	(4,249,015)	(3,162,092)	(13,388,020)	(9,587,806)
Net investment income	18,603,070	15,092,962	49,768,664	43,564,167
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	3,188,521	2,667,848	8,636,387	8,189,971
Equity Securities 1 [Member]
Marketable Securities [Line Items]
Gross investment income	139,412	111,213	382,246	345,482
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	10,477,672	7,040,773	27,682,315	20,027,656
Real Estate 1 [Member]
Marketable Securities [Line Items]
Gross investment income	3,918,310	3,307,980	10,970,535	9,353,459
Policy Student And Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	213,520	229,857	727,103	694,345
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	4,218,184	4,781,079	13,708,894	14,298,126
Other Investments 1 [Member]
Marketable Securities [Line Items]
Gross investment income	181,597	35,118	350,603	88,124
Cash And Cash Equivalents 1 [Member]
Marketable Securities [Line Items]
Gross investment income	$ 514,869	$ 81,186	$ 698,601	$ 154,810

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Sep. 30, 2022 USD ($) ft²	Dec. 31, 2021 USD ($) ft²
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 196,077,537	$ 197,365,797
Real estate held for sale		151,553	3,731,300
Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 157,570,812	$ 155,393,335
Total square footage | ft²		677,392	677,392
Real estate held for sale		$ 151,553	$ 2,540,698
Total square footage | ft²			225,551
UTAH | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 152,280,425	$ 150,105,948
Total square footage | ft²	[1]	625,920	625,920
LOUISIANA | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,392,288	$ 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)		$ 2,898,099	$ 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
Total square footage | ft²			222,679
CALIFORNIA | Commercial Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			$ 389,145
Total square footage | ft²			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 ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 196,077,537	$ 197,365,797
Real estate held for sale		151,553	3,731,300
Residential Real Estate [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		38,506,725	41,972,462
Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			1,190,602
UTAH | Land Developments [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)		38,307,821	41,479,434
Lots developed		52	67
Lots to be developed		2,206	548
UTAH | Residential Real Estate [Member]
Net Investment Income [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	38,506,725	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
TEXAS | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			200,962
NEVADA | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			979,640
OHIO | Residential Real Estate One [Member]
Net Investment Income [Line Items]
Real estate held for sale			$ 10,000
[1]Includes subdivision land developments[2]Improved residential lots

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Sep. 30, 2022 ft²
Mortgage Operations [Member]
Approximate square footage	221,000
Square footage occupied by the company	50%
Life Insurance Operations [Member]
Approximate square footage	19,694
Square footage occupied by the company	28%
Life Insurance Operations 1 [Member]
Approximate square footage	12,274	[1]
Square footage occupied by the company	100%	[1]
Life Insurance Sales [Member]
Approximate square footage	8,059	[1]
Square footage occupied by the company	100%	[1]
Life Insurance Sales 1 [Member]
Approximate square footage	1,560	[1]
Square footage occupied by the company	100%	[1]
Life Insurance Sales 2 [Member]
Approximate square footage	1,737	[1]
Square footage occupied by the company	100%	[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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 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	(24,887)	(305,225)
Financing receivable, allowance for credit loss, ending balance	1,675,015	1,699,902
Financing receivable, allowance for credit losses, individually evaluated for impairment	41,139	105,384
Financing receivable, allowance for credit losses, collectively evaluated for impairment	1,633,876	1,594,518
Mortgage loans	324,316,457	280,334,517
Financing receivable, individually evaluated for impairment	1,815,099	4,272,028
Financing receivable, collectively evaluated for impairment	322,501,358	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	33,350,108	51,683,022
Financing receivable, individually evaluated for impairment	405,000	1,723,372
Financing receivable, collectively evaluated for impairment	32,945,108	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	(24,887)	(305,225)
Financing receivable, allowance for credit loss, ending balance	1,444,684	1,469,571
Financing receivable, allowance for credit losses, individually evaluated for impairment	41,139	105,384
Financing receivable, allowance for credit losses, collectively evaluated for impairment	1,403,545	1,364,187
Mortgage loans	89,281,273	53,533,712
Financing receivable, individually evaluated for impairment	1,410,099	2,548,656
Financing receivable, collectively evaluated for impairment	87,871,174	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	201,685,076	175,117,783
Financing receivable, individually evaluated for impairment
Financing receivable, collectively evaluated for impairment	$ 201,685,076	$ 175,117,783
[1]Interest income is not recognized on loans past due greater than 90 days or in foreclosure.

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Mortgage Loans during period		$ 324,316,457	$ 280,334,517
Mortgage Loans, Allowance for Loan Losses		(1,675,015)	(1,699,902)	$ (2,005,127)
Mortgage Loans, Unamortized deferred loan fees, net		(1,730,306)	(918,586)
Mortgage Loans, Unamortized discounts, net		(347,536)	(409,983)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		4,489,448	4,480,953
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,347,171	681,019
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,088,810	3,775,434
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	726,289	496,594
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		7,651,718	9,434,000
Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		316,664,739	270,900,517
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		320,563,600	277,306,046
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		33,350,108	51,683,022
Mortgage Loans, Allowance for Loan Losses		(187,129)	(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(84,392)	(36,813)
Mortgage Loans, Unamortized discounts, net		(234,558)	(240,614)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		205,763
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]		1,723,372
Commercial Loan [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	405,000
Commercial Loan [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		610,763	1,823,576
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		32,739,345	49,859,446
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		32,844,029	51,218,466
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		89,281,273	53,533,712
Mortgage Loans, Allowance for Loan Losses		(1,444,684)	(1,469,571)	(1,774,796)
Mortgage Loans, Unamortized deferred loan fees, net		(1,132,024)	(498,600)
Mortgage Loans, Unamortized discounts, net		(112,978)	(169,369)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		2,639,165	3,117,826
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		721,148	580,815
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,088,810	2,052,062
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	321,289	496,594
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		4,770,412	6,247,297
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		84,510,861	47,286,415
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		86,591,587	51,396,172
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		201,685,076	175,117,783
Mortgage Loans, Allowance for Loan Losses		(43,202)	(43,202)	$ (43,202)
Mortgage Loans, Unamortized deferred loan fees, net		(513,890)	(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		1,644,520	1,363,127
Residential Construction [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		626,023
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		2,270,543	1,363,127
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		199,414,533	173,754,656
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		$ 201,127,984	$ 174,691,408
[1]Interest income is not recognized on loans past due greater than 90 days or in foreclosure.

Schedule of Impairment Mortgage

Schedule of Impairment Mortgage Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Commercial Loan [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 405,000	$ 1,723,372
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	405,000	1,723,372
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	881,234	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, with 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	405,000	1,723,372
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	405,000	1,723,372
Impaired Financing Receivable, with Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	881,234	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	897,174	1,591,368
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	897,174	1,591,368
Impaired Financing Receivable, with No Related Allowance
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	952,765	2,731,421
Impaired Financing Receivable, with No Interest Income Recognized
Impaired Financing Receivable, with Related Allowance, Recorded Investment	512,925	957,288
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	512,925	957,288
Impaired Financing Receivable, with Related Allowance	41,139	105,384
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	570,066	726,449
Impaired Financing Receivable, with Interest Income Recognized
Residential Mortgage [Member] | Total [Member]
Marketable Securities [Line Items]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,410,099	2,548,656
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,410,099	2,548,656
Impaired Financing Receivable, with Related Allowance	41,139	105,384
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,522,831	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	138,635	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, with 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, with Related Allowance
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	138,635	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 ($)	Sep. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Mortgage loans	$ 324,316,457	$ 280,334,517
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	33,350,108	51,683,022
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	89,281,273	53,533,712
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	201,685,076	175,117,783
Performing Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	322,501,358	276,062,489
Performing Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	32,945,108	49,959,650
Performing Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	87,871,174	50,985,056
Performing Financing Receivable [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	201,685,076	175,117,783
Nonperforming Financing Receivable [Member]
Marketable Securities [Line Items]
Mortgage loans	1,815,099	4,272,028
Nonperforming Financing Receivable [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	405,000	1,723,372
Nonperforming Financing Receivable [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	1,410,099	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	324,316,457	280,334,517
Performing and Non-Performing [Member] | Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans	33,350,108	51,683,022
Performing and Non-Performing [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans	89,281,273	53,533,712
Performing and Non-Performing [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans	$ 201,685,076	$ 175,117,783

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net Investment Income [Line Items]
Average market value over amortized cost	93.10%		93.10%		97.30%
Credit loss recognized	$ 0	$ 0	$ 0	$ 0
Maximum borrowing capacity	86,320,358		86,320,358
Remaining borrowing capacity	83,051,896		83,051,896
Net investment income	18,603,070	15,092,962	49,768,664	43,564,167
Collateral for bank loans	196,077,537		196,077,537		$ 197,365,797
Real estate held for investment (net of accumulated depreciation of $22,293,450 and $17,692,038 for 2022 and 2021)	196,077,537		196,077,537		197,365,797
Loans payable to bank	201,479,763		201,479,763		251,286,927
Foreclosed residential real estate included in residential real estate held for investment					1,190,602
Interest not accrued on non-performing loans	$ 110,000		$ 110,000		$ 236,000
UTAH
Net Investment Income [Line Items]
Loan interest rate	69%		69%		70%
FLORIDA
Net Investment Income [Line Items]
Loan interest rate	8%		8%		7%
TEXAS
Net Investment Income [Line Items]
Loan interest rate	4%		4%		4%
CALIFORNIA
Net Investment Income [Line Items]
Loan interest rate	4%		4%		5%
ARIZONA
Net Investment Income [Line Items]
Loan interest rate	4%		4%		2%
NEVADA
Net Investment Income [Line Items]
Loan interest rate	3%		3%		4%
Minimum [Member]
Net Investment Income [Line Items]
Loan interest rate	2%		2%
Loan term			9 months
Maximum [Member]
Net Investment Income [Line Items]
Loan interest rate	10.50%		10.50%
Loan term			30 years
Commercial Real Estate 1 [Member]
Net Investment Income [Line Items]
Collateral for bank loans	$ 133,785,749		$ 133,785,749		$ 134,251,205
Real estate held for investment (net of accumulated depreciation of $22,293,450 and $17,692,038 for 2022 and 2021)	133,785,749		133,785,749		134,251,205
Loans payable to bank	97,562,264		97,562,264		85,663,148
Impairment of real estate				28,378
Residential Real Estate [Member]
Net Investment Income [Line Items]
Impairment of real estate			94,400
Restricted Investments [Member]
Net Investment Income [Line Items]
Securities deposit	11,048,787		11,048,787		$ 10,168,853
Cemeteries and Mortuaries [Member]
Net Investment Income [Line Items]
Net investment income	$ 675,259	$ 778,892	$ 1,882,502	$ 1,130,771

Summary of Aggregate Fair Value

Summary of Aggregate Fair Value - Loans Held for Sale (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Loans Held For Sale
Aggregate fair value	$ 161,981,923	$ 302,776,827
Unpaid principal balance	161,668,488	294,481,503
Unrealized gain	$ 313,435	$ 8,295,324

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021	Dec. 31, 2021	[1]
Loans Held For Sale
Loan fees	$ 4,729,445	$ 9,552,788	$ 19,766,856		$ 28,247,365
Interest income	2,570,511	2,336,573	7,525,826		6,836,754
Secondary gains	28,940,898	55,440,961	103,336,118		179,900,770
Change in fair value of loan commitments	(3,271,282)	(380,696)	(2,843,155)		(549,093)
Change in fair value of loans held for sale	(4,131,363)	(259,307)	(7,973,171)		(8,319,820)
Provision for loan loss reserve	(230,321)	(432,468)	(829,243)	[1]	(1,701,700)	$ (2,211,230)
Mortgage fee income	$ 28,607,888	$ 66,257,851	$ 118,983,231		$ 204,414,276
[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		9 Months Ended			12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 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)	$ 230,321	$ 432,468	829,243	[1]	$ 1,701,700	2,211,230	[1]
Charge-offs, net of recaptured amounts			(1,450,626)			(20,347,709)
Balance, end of period	$ 1,825,756		$ 1,825,756			$ 2,447,139
[1]Included in mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Loans Held For Sale
Provision on current loan originations	$ 829,243	$ 1,701,700
Loan increase per point	$ 290	$ 300
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 ($)	9 Months Ended
	Sep. 30, 2022		Sep. 30, 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	$ 4.38		$ 4.22
Number of Shares, adjustment for effect of stock dividends	47,780		47,594
Number of shares, granted	4,000
Number of shares, exercised	(71,330)		(134,362)
Number of shares, cancelled	(1,591)
Number of shares, outstanding, ending	1,003,210		986,095
Weighted average exercise price, outstanding, ending	$ 4.58		$ 4.31
Number of shares, options exercisable	978,835		986,095
Weighted average exercise price, options exercisable	$ 4.49		$ 4.31
Number of shares, available options for future grant	1,239,795		364,851
Weighted average contractual term of options outstanding	4 years 3 months 25 days		4 years 11 months 8 days
Weighted average contractual term of options exercisable	4 years 2 months 8 days		4 years 11 months 8 days
Aggregated intrinsic value of options outstanding	$ 1,775,100	[1]	$ 3,868,045	[2]
Aggregated intrinsic value of options exercisable	$ 1,819,950	[1]	$ 3,868,045	[2]
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	$ 5.26		$ 4.61
Number of Shares, adjustment for effect of stock dividends	41,057		33,136
Number of shares, granted
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, ending	862,203		695,802
Weighted average exercise price, outstanding, ending	$ 5.26		$ 4.61
Number of shares, options exercisable	804,703		695,802
Weighted average exercise price, options exercisable	$ 5.04		$ 4.61
Number of shares, available options for future grant	17,523		279,825
Weighted average contractual term of options outstanding	6 years 9 months		6 years 25 days
Weighted average contractual term of options exercisable	6 years 7 months 17 days		6 years 25 days
Aggregated intrinsic value of options outstanding	$ 939,395	[1]	$ 2,515,840	[2]
Aggregated intrinsic value of options exercisable	$ 1,055,445	[1]	$ 2,515,840	[2]
[1]The Company used a stock price of $ 6.35 8.23

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical) - $ / shares	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Stock price	$ 6.35	$ 8.23

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	3 Months Ended					9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares based compensation expenses	$ 230,853	$ 220,175	$ 271,747		$ 39,153
Total unrecognized compensation expense	159,861					$ 159,861
Intrinsic value stock options exercised						521,527	$ 591,603
Option Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares based compensation expenses	$ 230,853					$ 722,775	$ 39,153

Schedule of Earning Per Share,

Schedule of Earning Per Share, Basic and Diluted (Details) - USD ($)		3 Months Ended						9 Months Ended
		Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net earnings (loss)		$ (2,353,185)	$ 3,574,449	$ 3,228,718	$ 10,790,730	$ 11,257,479	$ 12,128,715	$ 4,449,982	$ 34,176,924
Basic weighted-average shares outstanding	[1]	20,926,823			21,152,747			21,164,377	21,109,092
Employee stock options		685,432			860,967			783,207	850,960
Diluted weighted-average shares outstanding	[1]	21,612,255			22,013,714			21,947,584	21,960,052
Basic net earnings (loss) per share	[1]	$ (0.11)			$ 0.51			$ 0.21	$ 1.62
Diluted net earnings (loss) per share	[1]	$ (0.11)			$ 0.49			$ 0.20	$ 1.56
[1]Net earnings (loss) 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 (loss) per common share represent net earnings (loss) per equivalent Class A common share.

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 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	69,096	111,608
Stock dividends, shares	889,554	837,410
Conversion of class C to class A	116,168	49,247
Common stock, shares, outstanding, ending	18,717,540	17,594,048
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
Stock dividends, shares	139,462	131,553
Conversion of class C to class A	(116,168)	(49,247)
Common stock, shares, outstanding, ending	2,889,859	2,761,909

Earnings (loss) Per Share (Deta

Earnings (loss) Per Share (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	339,150	339,150

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues from external customers	$ 83,477,220	$ 119,509,131	$ 281,469,781	$ 358,918,052
Intersegment revenues
Segment profit (loss) before income taxes	(3,302,344)	14,143,393	5,871,018	45,175,800
Identifiable Assets	1,454,820,084	1,554,806,392	1,454,820,084	1,554,806,392
Goodwill	5,253,783	3,519,588	5,253,783	3,519,588	$ 5,253,783
Total Assets	1,460,073,867	1,558,325,980	1,460,073,867	1,558,325,980
Life Insurance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	43,118,076	42,039,638	125,786,154	121,640,865
Intersegment revenues	1,723,812	1,756,860	5,495,578	5,409,841
Segment profit (loss) before income taxes	4,233,619	3,721,220	8,981,888	11,110,425
Identifiable Assets	1,222,265,692	1,241,514,729	1,222,265,692	1,241,514,729
Goodwill	2,765,570	2,765,570	2,765,570	2,765,570
Total Assets	1,225,031,262	1,244,280,299	1,225,031,262	1,244,280,299
Cemetery And Mortuary [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	6,691,998	6,705,347	21,446,210	20,512,534
Intersegment revenues	91,699	79,096	359,439	234,905
Segment profit (loss) before income taxes	901,084	1,747,493	4,407,339	6,717,763
Identifiable Assets	80,402,663	63,265,518	80,402,663	63,265,518
Goodwill	2,488,213	754,018	2,488,213	754,018
Total Assets	82,890,876	64,019,536	82,890,876	64,019,536
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	33,667,146	70,764,146	134,237,417	216,764,653
Intersegment revenues	101,019	153,502	253,554	470,534
Segment profit (loss) before income taxes	(8,437,047)	8,674,680	(7,518,209)	27,347,612
Identifiable Assets	239,915,479	328,274,954	239,915,479	328,274,954
Goodwill
Total Assets	239,915,479	328,274,954	239,915,479	328,274,954
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	(1,916,530)	(1,989,458)	(6,108,571)	(6,115,280)
Segment profit (loss) before income taxes
Identifiable Assets	(87,763,750)	(78,248,809)	(87,763,750)	(78,248,809)
Goodwill
Total Assets	$ (87,763,750)	$ (78,248,809)	$ (87,763,750)	$ (78,248,809)

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)	Sep. 30, 2022		Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities available for sale	$ 320,806,385		$ 259,287,603
Equity securities	10,371,032		11,596,414
Loans held for sale	161,981,923		302,776,827
Restricted assets (1)	1,210,443	[1]	1,601,688	[2]
Restricted assets (2)	4,520,493	[3]	3,603,822	[4]
Cemetery perpetual care trust investments	262,494	[1]	784,765	[2]
Cemetery perpetual care trust investments	3,177,608	[3]	3,302,480	[4]
Derivatives - loan commitments (3)	5,922,415	[5]	8,563,410	[6]
Total assets accounted for at fair value on a recurring basis	508,252,793		591,517,009
Derivatives - call options (4)	(1,688)	[7]	(50,936)	[8]
Derivatives - put options (4)	(18,982)	[7]	(4,493)	[8]
Derivatives - loan commitments (4)	(1,750,055)	[7]	(1,547,895)	[8]
Total liabilities accounted for at fair value on a recurring basis	(1,770,725)		(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	10,371,032		11,596,414
Loans held for sale
Restricted assets (1)		[1]		[2]
Restricted assets (2)	4,520,493	[3]	3,603,822	[4]
Cemetery perpetual care trust investments		[1]		[2]
Cemetery perpetual care trust investments	3,177,608	[3]	3,302,480	[4]
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	18,069,133		18,502,716
Derivatives - call options (4)	(1,688)	[7]	(50,936)	[8]
Derivatives - put options (4)	(18,982)	[7]	(4,493)	[8]
Derivatives - loan commitments (4)		[7]		[8]
Total liabilities accounted for at fair value on a recurring basis	(20,670)		(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	319,181,187		257,264,255
Equity securities
Loans held for sale
Restricted assets (1)	1,210,443	[1]	1,601,688	[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments	262,494	[1]	784,765	[2]
Cemetery perpetual care trust investments		[3]		[4]
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	320,654,124		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	1,625,198		2,023,348
Equity securities
Loans held for sale	161,981,923		302,776,827
Restricted assets (1)		[1]		[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments		[1]		[2]
Cemetery perpetual care trust investments		[3]		[4]
Derivatives - loan commitments (3)	5,922,415	[5]	8,563,410	[6]
Total assets accounted for at fair value on a recurring basis	169,529,536		313,363,585
Derivatives - call options (4)		[7]		[8]
Derivatives - put options (4)		[7]		[8]
Derivatives - loan commitments (4)	(1,750,055)	[7]	(1,547,895)	[8]
Total liabilities accounted for at fair value on a recurring basis	$ (1,750,055)		$ (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 ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022		Dec. 31, 2021		Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 161,981,923		$ 302,776,827
Fair Value Balance	5,922,415	[1]	8,563,410	[2]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $340,262,502 and $236,303,310 for 2022 and 2021)	320,806,385		259,287,603
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 161,981,923		$ 302,776,827		$ 209,860,409	$ 312,655,843	$ 296,728,086	$ 422,772,418
Fair value measurement, range of inputs, minimum value	67.40%		95%
Fair value measurement, range of inputs, maximum value	107.70%		109%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	98.90%		103%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value measurement, range of inputs, minimum value	66.70%		66%
Fair value measurement, range of inputs, maximum value	95%		95%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	83.70%		81%
Fair Value Balance	$ 4,172,360		$ 7,015,515		7,443,642	9,579,517	9,960,213	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 $340,262,502 and $236,303,310 for 2022 and 2021)	$ 1,625,198		$ 2,023,348		$ 1,962,789	$ 2,050,821	$ 2,180,828	$ 2,201,175
Fair Value Measurement, Range of Inputs, Minimum Value, price per share	$ 101.41		$ 96.87
Fair Value Measurement, Range of Inputs, Maximum Value, price per share	111.11		111.11
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average, price per share	$ 106.44		$ 106.73
[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				9 Months Ended
		Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022		Sep. 30, 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]	$ 5,922,415				5,922,415
Loans Held for Sale, Ending		161,981,923				161,981,923
Fixed Maturity Securities Available for Sale, Ending		320,806,385				320,806,385
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net Loan Commitments, Beginning		7,443,642		$ 9,960,213		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		(3,271,282)	[3]	(380,696)	[4]	(2,843,155)	[5]	(549,093)	[6]
Total gains (losses) included in other comprehensive income
Net Loan Commitments, Ending		4,172,360		9,579,517		4,172,360		9,579,517
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		209,860,409		296,728,086		302,776,827		422,772,418
Originations and purchases		787,389,868		1,432,842,093		2,837,349,328		4,243,072,600
Sales, maturities and paydowns		(800,430,402)		(1,459,143,727)		(2,987,906,269)		(4,484,170,804)
Transfer to mortgage loans held for investment		(49,428,757)				(49,428,757)		(201,951)
Total gains (losses) included in earnings		14,590,805	[3]	42,229,391	[4]	59,190,794	[5]	131,183,580	[6]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		161,981,923		312,655,843		161,981,923		312,655,843
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed Maturity Securities Available for Sale, Beginning		1,962,789		2,180,828		2,023,348		2,201,175
Originations and purchases
Sales, maturities and paydowns		(344,630)		(11,550)		(368,980)		(33,950)
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings			[7]	928	[8]	1,957	[9]	2,729	[10]
Total gains (losses) included in other comprehensive income		7,039		(119,385)		(31,127)		(119,133)
Fixed Maturity Securities Available for Sale, Ending		$ 1,625,198		$ 2,050,821		$ 1,625,198		$ 2,050,821
[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 Mortgage fee income on the condensed consolidated statements of earnings[6]As a component of Mortgage fee income on the condensed consolidated statements of earnings[7]As a component of Net investment income on the condensed consolidated statements of earnings[8]As a component of Net investment income on the condensed consolidated statements of earnings[9]As a component of Net investment income on the condensed consolidated statements of earnings[10]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 ($)	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 320,563,600	$ 277,306,046
Impaired real estate held for sale	151,553	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	471,786	851,903
Assets fair value disclosure nonrecurring	471,786	2,851,903
Impaired real estate held for sale		2,000,000
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
Assets fair value disclosure nonrecurring
Impaired real estate held for sale
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
Assets fair value disclosure nonrecurring
Impaired real estate held for sale
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	471,786	851,903
Assets fair value disclosure nonrecurring	$ 471,786	2,851,903
Impaired real estate held for sale		$ 2,000,000

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)		Sep. 30, 2022		Dec. 31, 2021		Dec. 31, 2020
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		$ 320,563,600		$ 277,306,046
Other investments and policy loans		65,613,561		67,955,155
Restricted assets		16,364,853		16,938,122
Cemetery perpetual care trust investments		6,831,411		7,835,721
Mortgage servicing rights		54,379,245		53,060,455		$ 35,210,516
Mortgage servicing rights, estimated fair value		93,863,177		68,811,809
Bank and other loans payable		(201,479,763)		(251,286,927)
Bank and other loans payable		201,479,763		251,286,927
Future policy benefits and unpaid claims		(881,916,853)		(863,274,693)
Residential Mortgage [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		86,591,587		51,396,172
Mortgage loans held for investment, estimated fair value		84,867,935		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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		84,867,935		55,159,167
Residential Construction [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		201,127,984		174,691,408
Mortgage loans held for investment, estimated fair value		201,127,984		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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Residential Construction [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Residential Construction [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		201,127,984		174,691,408
Commercial Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		32,844,029		51,218,466
Mortgage loans held for investment, estimated fair value		32,018,351		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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		32,018,351		51,008,709
Mortgage Loans Net [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		320,563,600		277,306,046
Mortgage loans held for investment, estimated fair value		318,014,270		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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
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 (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)		318,014,270		280,859,284
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		13,066,150		13,478,214
Other investments and policy loans, estimated fair value	[1]			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]
Mortgage loans held for investment (net of allowances for loan losses of $1,675,015 and $1,699,902 for 2022 and 2021)
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		13,066,150		13,478,214	[1]
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		40,877,511	[2]	46,946,590	[3]
Other investments and policy loans, estimated fair value	[3]			46,946,590
Insurance Assignments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans			[2]		[3]
Insurance Assignments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans			[2]		[3]
Insurance Assignments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		40,877,511	[2]	46,946,590	[3]
Restricted Assets [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		2,357,304	[4]	2,732,320	[1]
Restricted assets, estimated fair value	[1]			2,732,320
Restricted Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets			[4]		[1]
Restricted Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets			[4]		[1]
Restricted Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		2,357,304	[4]	2,732,320	[1]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		2,243,307	[4]	1,823,533	[1]
Cemetery perpetual care trust investments, estimated fair value	[1]			1,823,533
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			[4]		[1]
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			[4]		[1]
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		2,243,307	[4]	1,823,533	[1]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights		54,379,245	[5]	53,060,455
Mortgage servicing rights, estimated fair value		93,863,177	[5]	68,811,809
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	[5]
Mortgage servicing rights	[1]
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights			[5]
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights		93,863,177	[5]	68,811,809
Bank and Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable		(201,479,763)		(251,286,927)
Bank and other loans payable		201,479,763		251,286,927
Bank and other loans payable, fair value				(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
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
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		(201,479,763)		(251,286,927)
Bank and other loans payable		201,479,763		251,286,927
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		(41,745,320)	[6]	(42,939,055)	[7]
Future policy benefits and unpaid claims, estimated fair value		(34,331,676)	[6]	(35,855,934)	[7]
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			[6]		[7]
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			[6]		[7]
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		(34,331,676)	[6]	(35,855,934)	[7]
Future Policy Benefits Annuities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		(106,760,557)	[6]	(107,992,830)	[7]
Future policy benefits and unpaid claims, estimated fair value		(113,983,260)	[6]	(116,215,717)	[7]
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			[6]		[7]
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			[6]		[7]
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		$ (113,983,260)	[6]	$ (116,215,717)	[7]
[1]Mortgage loans held for investment[2]Included in other investments and policy loans on the condensed consolidated balance sheets[3]Included in other investments and policy loans on the consolidated balance sheets[4]Mortgage loans held for investment[5]Refer to Note 15 of the Notes to Condensed Consolidated Financial Statements[6]Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets[7]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 ($)	Sep. 30, 2022	Dec. 31, 2021
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 429,673,953	$ 862,568,967
Derivative asset, notional amount	5,922,415	8,563,410
Derivative liability, notional amount	1,750,055	1,547,895
Call Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	848,900	982,500
Derivative asset, notional amount
Derivative liability, notional amount	1,688	50,936
Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	297,000	362,900
Derivative asset, notional amount
Derivative liability, notional amount	18,982	4,493
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	430,819,853	863,914,367
Derivative asset, notional amount	5,922,415	8,563,410
Derivative liability, notional amount	$ 1,770,725	$ 1,603,324

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ (3,271,282)	$ (380,696)	$ (2,843,155)	$ (549,093)
Call and Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 50,045	$ 12,985	$ 176,274	$ 128,270

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative)	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 86,320,358
Other commitments	302,567,000
Payment for other liabilities	206,285,687
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 SOFR rate plus 2.1%
Line of credit, maturity date	Jun. 02, 2023
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	Nov. 09, 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 SOFR rate plus 2.50%
Line of credit, maturity date	May 26, 2023
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 2.10% plus the greater of (i) 0%
Line of credit, maturity date	Jun. 02, 2023
Adjustment of debt | $ / shares	$ 1
Minimum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 25,000
Interest rate	2%
Minimum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	50%
Interest rate	5.25%
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	80%
Interest rate	8%

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 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 (1)	[1]	9,608,442	32,701,819
Amortization (2)	[2]	(8,289,652)	(14,851,880)
Application of valuation allowance to write down MSRs with other than temporary impairment
Balance before valuation allowance at end of period		54,379,245	53,060,455
Balance at beginning of year
Additions
Balance at end of period
Mortgage servicing rights, net		54,379,245	53,060,455
Estimated fair value of MSRs at end of period		$ 93,863,177	$ 68,811,809
[1]Included in mortgage fee income on the condensed consolidated statements of earnings[2]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)	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 5,739,067
2023	5,098,468
2024	4,677,509
2025	4,238,273
2026	3,843,026
Thereafter	30,782,902
Total	$ 54,379,245

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Late fees	$ 5,737,434	$ 4,768,125	$ 16,221,307	$ 13,542,337
Total	4,751,616	4,108,866	14,134,480	11,407,119
Contractual Servicing Fees [Member]
Late fees	4,644,397	4,037,142	13,845,626	11,179,908
Late Fees [Member]
Late fees	$ 107,219	$ 71,724	$ 288,854	$ 227,211

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 7,381,027,999	$ 7,060,536,350

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	7.13	11.60
Average life	8 years 5 months 8 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	28.70%	23.70%	24.20%	24.30%
Provision for income taxes	$ (949,159)	$ 3,352,663	$ 1,421,036	$ 10,998,876
Federal statutory income tax rate, percent			21%

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 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		15,873,046	14,508,022
Increase (decrease) in accounts receivable	[1]	548,229	1,178,648
Increase (decrease) in contract asset
Increase (decrease) in contract liability		1,365,024	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]	$ 5,846,865	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net mortuary and cemetery sales	$ 6,470,363	$ 5,967,675	$ 20,926,587	$ 18,228,199
Major Goods Or Services Lines At Need [Member]
Net mortuary and cemetery sales	4,839,289	4,129,203	16,304,276	12,172,631
Major Goods Or Services Lines Pre Need [Member]
Net mortuary and cemetery sales	1,631,074	1,838,472	4,622,311	6,055,568
Timing Of Revenue Recognition Goods Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	4,040,381	4,132,050	12,815,582	12,882,878
Timing Of Revenue Recognition Services Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	$ 2,429,982	$ 1,835,625	$ 8,111,005	$ 5,345,321

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net mortuary and cemetery sales	$ 6,470,363	$ 5,967,675	$ 20,926,587	$ 18,228,199
Gains (losses) on investments and other assets	(2,178,952)	976,900	(2,921,372)	4,414,217
Net investment income	18,603,070	15,092,962	49,768,664	43,564,167
Other revenues	5,737,434	4,768,125	16,221,307	13,542,337
Revenues from external customers	83,477,220	119,509,131	281,469,781	358,918,052
Cemetery And Mortuary [Member]
Net mortuary and cemetery sales	6,470,363	5,967,675	20,926,587	18,228,199
Gains (losses) on investments and other assets	(640,593)	(112,828)	(1,615,253)	913,058
Net investment income	681,239	826,008	1,916,970	1,296,899
Other revenues	180,989	24,492	217,906	74,378
Revenues from external customers	$ 6,691,998	$ 6,705,347	$ 21,446,210	$ 20,512,534

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized included in the opening contract liability	$ 1,034,035	$ 1,143,745	$ 3,624,463	$ 3,588,682

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Security National Mortgage [Member] $ in Thousands	1 Months Ended
	Oct. 31, 2022 USD ($)
Subsequent Event [Line Items]
Sale of mortgage servicing rights gross	$ 89,700
Mortgage loans unpaid principal amount	$ 7,050,000