Security National Financial (SNFCA) 10-Q 15 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 05, 2023
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
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		18,870,913
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,888,923

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)	$ 357,570,527	$ 345,858,492
Equity securities at estimated fair value (cost of $10,356,783 and $9,942,265 for 2023 and 2022)	12,354,007	11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	286,546,639	308,123,927
Real estate held for investment (net of accumulated depreciation of $25,361,779 and $23,793,204 for 2023 and 2022)	187,077,012	191,328,616
Real estate held for sale	7,390,262	11,161,582
Other investments and policy loans (net of allowance for credit losses of $1,685,901 and $1,609,951 for 2023 and 2022)	70,218,779	70,508,156
Accrued investment income	9,427,239	10,299,826
Total investments	930,584,465	948,963,125
Cash and cash equivalents	99,554,776	120,919,805
Loans held for sale at estimated fair value	173,015,404	141,179,620
Receivables (net of allowance for credit losses of $1,867,124 and $2,229,791 for 2023 and 2022)	16,377,391	28,573,092
Restricted assets (including $6,877,734 and $6,565,552 for 2023 and 2022 at estimated fair value; allowance for credit losses of $5,874 and nil for 2023 and 2022)	19,036,870	18,935,055
Cemetery perpetual care trust investments (including $3,948,380 and $3,859,893 for 2023 and 2022 at estimated fair value; allowance for credit losses of $2,196 and nil for 2023 and 2022)	7,460,412	7,276,210
Receivable from reinsurers	14,900,756	15,033,938
Cemetery land and improvements	9,112,647	9,101,474
Deferred policy and pre-need contract acquisition costs	109,573,473	108,655,128
Mortgage servicing rights, net	3,166,133	3,039,765
Property and equipment, net	20,230,901	20,579,649
Value of business acquired	9,556,967	9,803,736
Goodwill	5,253,783	5,253,783
Other	25,258,452	23,798,512
Total Assets	1,443,082,430	1,461,112,892
Liabilities
Future policy benefits and unpaid claims	895,198,901	889,327,303
Unearned premium reserve	2,709,534	2,773,616
Bank and other loans payable	138,391,846	161,712,804
Deferred pre-need cemetery and mortuary contract revenues	16,583,024	16,226,836
Cemetery perpetual care obligation	5,143,233	5,099,542
Accounts payable	3,304,415	5,361,449
Other liabilities and accrued expenses	52,558,185	57,113,888
Income taxes	32,159,650	30,710,527
Total liabilities	1,146,048,788	1,168,325,965
Stockholders’ Equity
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital	64,805,874	64,767,769
Accumulated other comprehensive loss, net of taxes	(8,942,719)	(13,070,277)
Retained earnings	202,728,972	202,160,306
Treasury stock at cost - 612,142 Class A shares and 34,016 Class C shares in 2023; and 525,870 Class A shares and 34,016 Class C shares in 2022	(4,950,357)	(4,366,651)
Total stockholders’ equity	297,033,642	292,786,927
Total Liabilities and Stockholders’ Equity	1,443,082,430	1,461,112,892
Common Class A [Member]
Stockholders’ Equity
Common stock, value	37,614,026	37,516,062
Common Class B [Member]
Stockholders’ Equity
Common stock, value
Common Class C [Member]
Stockholders’ Equity
Common stock, value	$ 5,777,846	$ 5,779,718

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Amortized cost	$ 369,382,018	$ 362,750,511
Allowance for credit loss	179,500
Equity securities cost	10,356,783	9,942,265
Allowance for loan and lease losses, real estate	2,735,419	1,970,311
Real estate investment property, accumulated depreciation	25,361,779	23,793,204
Allowance for doubtful accounts, premiums and other receivables	1,685,901	1,609,951
Accounts receivable, allowance for credit loss	1,867,124	2,229,791
Aggregate fair value, restricted assets	6,877,734	6,565,552
Allowance for credit losses, restricted assets	5,874
Aggregate fair value, cemetery perpetual care trust investments	3,948,380	3,859,893
Aggregate allowance for credit losses, cemetery perpetual care trust investments	$ 2,196
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 outstanding	18,807,013	18,758,031
Treasury stock, shares	612,142	525,870
Common Class B [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares outstanding	0	0
Common stock, shares issued	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 outstanding	2,888,923	2,889,859
Common stock, shares issued	2,889,923	2,889,859
Treasury stock, shares	34,016	34,016

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Revenues:
Mortgage fee income		$ 25,989,006	$ 48,344,445
Insurance premiums and other considerations		27,967,292	26,341,952
Net investment income		17,774,883	15,194,306
Net mortuary and cemetery sales		6,471,429	7,205,721
Gains on investments and other assets		111,154	171,975
Other		1,186,970	5,167,508
Total revenues		79,500,734	102,425,907
Benefits and expenses:
Death benefits		16,678,366	16,884,706
Surrenders and other policy benefits		1,132,693	1,323,168
Increase in future policy benefits		8,054,939	6,771,101
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		4,883,581	4,396,413
Selling, general and administrative expenses:
Commissions		9,673,310	19,902,202
Personnel		21,962,512	26,874,764
Advertising		903,411	1,711,795
Rent and rent related		1,776,780	1,659,270
Depreciation on property and equipment		588,416	615,544
Costs related to funding mortgage loans		1,842,342	2,839,463
Other		7,780,535	12,091,636
Interest expense		1,453,333	1,727,315
Cost of goods and services sold-mortuaries and cemeteries		1,185,628	1,185,014
Total benefits and expenses		77,915,846	97,982,391
Earnings before income taxes		1,584,888	4,443,516
Income tax expense		(344,716)	(1,214,798)
Net earnings		$ 1,240,172	$ 3,228,718
Net earnings per Class A Equivalent common share	[1]	$ 0.06	$ 0.15
Net earnings per Class A Equivalent common share-assuming dilution	[1]	$ 0.06	$ 0.15
Weighted-average Class A equivalent common shares outstanding	[1]	21,080,549	21,381,988
Weighted-average Class A equivalent common shares outstanding-assuming dilution	[1]	21,612,035	22,266,473
[1]Net earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net earnings		$ 1,240,172	$ 3,228,718
Other comprehensive income:
Unrealized gains (losses) on fixed maturity securities available for sale		5,218,029	(15,326,903)
Unrealized gains (losses) on restricted assets	[1]	4,133	(71,946)
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	2,926	(37,357)
Other comprehensive income (loss), before income tax		5,225,088	(15,436,206)
Income tax (expense) benefit		(1,097,530)	3,245,876
Other comprehensive income (loss), net of income tax		4,127,558	(12,190,330)
Comprehensive income (loss)		$ 5,367,730	$ (8,961,612)
[1]Fixed maturity securities available for sale

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, Common [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 35,285,444	$ 5,733,130	$ 57,985,947	$ 18,070,448	$ 184,537,489	$ (1,845,624)	$ 299,766,834
Net earnings					3,228,718		3,228,718
Other comprehensive gain (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, value 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, value at Dec. 31, 2022	37,516,062	5,779,718	64,767,769	(13,070,277)	202,160,306	(4,366,651)	292,786,927
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)					(671,506)		(671,506)
Net earnings					1,240,172		1,240,172
Other comprehensive gain (loss)				4,127,558			4,127,558
Stock-based compensation expense			143,671				143,671
Exercise of stock options	96,092		(62,073)				34,019
Sale of treasury stock			(43,493)			620,651	577,158
Purchase of treasury stock						(1,204,357)	(1,204,357)
Conversion Class C to Class A	1,872	(1,872)
Ending balance, value at Mar. 31, 2023	$ 37,614,026	$ 5,777,846	$ 64,805,874	$ (8,942,719)	$ 202,728,972	$ (4,950,357)	$ 297,033,642

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$ (16,073,799)	$ 72,508,768
Cash flows from investing activities:
Purchases of fixed maturity securities	(11,911,847)	(32,508,649)
Sales, calls and maturities of fixed maturity securities	5,375,819	4,052,570
Purchases of equity securities	(4,596,981)	(1,657,160)
Sales of equity securities	4,150,683	1,400,848
Net changes in restricted assets		492,489
Purchases of restricted assets	(311,776)
Sales, calls and maturities of restricted assets	24,746
Net changes in cemetery perpetual care trust investments		731,331
Purchases of cemetery perpetual care trust investments	(113,238)
Sales, calls and maturities of perpetual care trust investments	27,199
Mortgage loans held for investment, other investments and policy loans made	(165,651,041)	(195,470,561)
Payments received for mortgage loans held for investment, other investments and policy loans	184,156,157	187,519,868
Purchases of property and equipment	(250,642)	(356,802)
Sales of property and equipment	10,974	64,579
Purchases of real estate	(2,705,716)	(6,367,199)
Sales of real estate	9,160,065	4,860,188
Net cash provided by (used in) investing activities	17,364,402	(37,238,498)
Cash flows from financing activities:
Investment contract receipts	3,100,207	2,875,328
Investment contract withdrawals	(3,831,218)	(4,285,446)
Proceeds from stock options exercised	34,019	91,959
Purchases of treasury stock	(1,204,357)	(772,241)
Repayment of bank loans	(15,684,446)	(426,027)
Proceeds from bank loans	46,000,000	7,186,083
Net change in warehouse line borrowings for loans held for sale	(53,656,378)	(24,430,063)
Net cash used in financing activities	(25,242,173)	(19,760,407)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	(23,951,570)	15,509,863
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	133,483,817	141,414,282
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	109,532,247	156,924,145
Cash paid during the year for:
Interest	1,635,867	1,815,921
Income taxes (net of refunds)	(6,878)	512
Non Cash Operating, Investing and Financing Activities:
Transfer from mortgage loans held for investment to restricted assets	1,625,961
Transfer from mortgage loans held for investment to cemetery perpetual care trust investments	1,611,550
Benefit plans funded with treasury stock	577,158	1,904,180
Right-of-use assets obtained in exchange for operating lease liabilities	139,095	597,635
Accrued real estate construction costs and retainage		2,775,240
Cash and cash equivalents	99,554,776	145,630,099
Restricted assets	9,228,113	9,460,057
Cemetery perpetual care trust investments	$ 749,358	$ 1,833,989

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
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, 2022, 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 month period ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. 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 or sale; 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 credit losses; 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. Banking Environment On March 10, 2023 and March 12, 2023, Silicon Valley Bank and Signature Bank were placed in receivership with the Federal Deposit Insurance Corporation (“FDIC”). Normal banking activities resumed shortly thereafter. On May 1, 2023, First Republic bank was placed in receivership with the FDIC and was immediately purchased by a national bank. The Company does not maintain any deposit or other accounts or credit facilities with Silicon Valley Bank, Signature Bank or First Republic Bank. The Company may periodically transfer funds to these banks to pay for services rendered by third party vendors that continue to maintain banking relationships with these banks. The Company continues to monitor the banking industry and its relationships with regional and community banks. The information furnished in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2) Recent Accounting Pronouncements Accounting Standards Adopted in 2023 ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” 671,506 Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU Amount Mortgage loans held for investment: Residential $ (192,607 ) Residential construction 301,830 Commercial 555,807 Total 665,030 Restriced assets - mortgage loans held for investment: Residential construction 3,463 Cemetery perpetual care trust investments - mortgage loans held for investment: Residential construction 3,013 Grand Total 671,506 Accounting Standards Issued But Not Yet Adopted ASU No. 2018-12: “Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts” The Company has reviewed other recent accounting pronouncements and has determined that they will not significantly impact the Company’s results of operations or financial position. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Investments

Investments	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The Company’s investments as of March 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 95,362,166 $ 305,924 $ (2,047,395 ) $ - $ 93,620,695 Obligations of states and political subdivisions 6,766,771 14,954 (337,946 ) - 6,443,779 Corporate securities including public utilities 233,143,391 3,467,771 (9,039,301 ) (179,500 ) 227,392,361 Mortgage-backed securities 33,859,690 203,490 (4,209,488 ) - 29,853,692 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 369,382,018 $ 4,002,139 $ (15,634,130 ) $ (179,500 ) $ 357,570,527 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Total equity securities at estimated fair value $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Mortgage loans held for investment at amortized cost: Residential $ 94,471,213 Residential construction 146,093,947 Commercial 50,807,452 Less: Unamortized deferred loan fees, net (1,752,369 ) Less: Allowance for credit losses (2,735,419 ) Less: Net discounts (338,185 ) Total mortgage loans held for investment $ 286,546,639 Real estate held for investment - net of accumulated depreciation: Residential $ 35,358,867 Commercial 151,718,145 Total real estate held for investment $ 187,077,012 Real estate held for sale: Residential $ 7,238,709 Commercial 151,553 Total real estate held for sale $ 7,390,262 Other investments and policy loans at amortized cost: Policy loans $ 13,012,347 Insurance assignments 45,573,831 Federal Home Loan Bank stock (2) 3,896,800 Other investments 9,421,702 Less: Allowance for credit losses for insurance assignments (1,685,901 ) Total other investments and policy loans $ 70,218,779 Accrued investment income $ 9,427,239 Total investments $ 930,584,465 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,100 2,918,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The Company’s investments as of December 31, 2022 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 93,182,210 $ 180,643 $ (2,685,277 ) $ 90,677,576 Obligations of states and political subdivisions 6,675,071 13,869 (458,137 ) 6,230,803 Corporate securities including public utilities 229,141,544 1,909,630 (11,930,773 ) 219,120,401 Mortgage-backed securities 33,501,686 168,700 (4,100,674 ) 29,569,712 Redeemable preferred stock 250,000 10,000 - 260,000 Total fixed maturity securities available for sale $ 362,750,511 $ 2,282,842 $ (19,174,861 ) $ 345,858,492 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Total equity securities at estimated fair value $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Mortgage loans held for investment at amortized cost: Residential $ 93,355,623 Residential construction 172,516,125 Commercial 46,311,955 Less: Unamortized deferred loan fees, net (1,746,605 ) Less: Allowance for credit losses (1,970,311 ) Less: Net discounts (342,860 ) Total mortgage loans held for investment $ 308,123,927 Real estate held for investment - net of accumulated depreciation: Residential $ 38,437,960 Commercial 152,890,656 Total real estate held for investment $ 191,328,616 Real estate held for sale: Residential $ 11,010,029 Commercial 151,553 Total real estate held for sale $ 11,161,582 Other investments and policy loans at amortized cost: Policy loans $ 13,095,473 Insurance assignments 46,942,536 Federal Home Loan Bank stock (1) 2,600,300 Other investments 9,479,798 Less: Allowance for credit losses for insurance assignments (1,609,951 ) Total other investments and policy loans $ 70,508,156 Accrued investment income $ 10,299,826 Total investments $ 948,963,125 (1) Includes $ 938,500 1,661,800 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Fixed Maturity Securities The following table summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value at March 31, 2023 and at December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations and inflation. The fair values of fixed maturity securities are based on quoted market prices, when available. For fixed maturity securities not actively traded, fair values are estimated using values obtained from independent pricing services, or in the case of private placements, are estimated by discounting expected future cash flows using a current market value applicable to the coupon rate, credit and maturity of the investments. The 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 Total Unrealized Loss Combined Fair Value At March 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 644,240 $ 53,196,137 $ 1,403,155 $ 29,019,470 $ 2,047,395 $ 82,215,607 Obligations of States and Political Subdivisions 204,976 4,644,270 132,970 1,213,482 337,946 5,857,752 Corporate Securities 5,315,889 123,534,510 3,723,412 26,399,408 9,039,301 149,933,918 Mortgage and other asset-backed securities 586,825 6,984,005 3,622,663 19,465,113 4,209,488 26,449,118 Totals $ 6,751,930 $ 188,358,922 $ 8,882,200 $ 76,097,473 $ 15,634,130 $ 264,456,395 At December 31, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of States and Political Subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate Securities 10,935,114 162,995,969 995,659 5,781,822 11,930,773 168,777,791 Mortgage and other asset-backed securities 2,884,731 19,909,907 1,215,943 6,978,745 4,100,674 26,888,652 Totals $ 16,883,189 $ 267,774,539 $ 2,291,672 $ 13,189,587 $ 19,174,861 $ 280,964,126 There were 656 securities with fair value of 94.4 93.6 179,500 nil Evaluation of Allowance for Credit Losses See Note 2 regarding the adoption of ASU 2016-13. On a quarterly basis, the Company evaluates its fixed maturity securities classified as available for sale to identify any potential credit losses. 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 credit loss, unless current market or recent company news could lead to a credit downgrade. Securities with ratings of 3 to 5 are evaluated for credit loss. Securities with a rating of 6 are automatically determined to be impaired and a credit loss is recognized in earnings. The evaluation involves assessing all facts and circumstances surrounding each security including, but not limited 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Where the decline in fair value of fixed maturity securities is attributable to changes in market interest rates or to factors such as market volatility, liquidity and spread widening, and the Company anticipates recovery of all contractual or expected cash flows, the Company does not consider these securities to have credit loss because the Company does not intend to sell these securities and it is not more likely than not the Company will be required to sell these securities before a recovery of amortized cost, which may be maturity. If the Company intends to sell a fixed maturity security or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, a credit loss has occurred and the difference between the amortized cost and the fair value that relates to the expected credit loss is recognized as a loss in earnings, included in gains (losses) on investments and other assets on the condensed consolidated statements of earnings. If the Company does not intend to sell and it is not more likely than not the Company will be required to sell the debt security but also do not expect to recover the entire amortized cost basis of the security, a credit loss would be recognized in earnings for the amount of the expected credit loss with a corresponding allowance for credit losses as a contra-asset account. The credit loss is included in gains (losses) on investments and other assets on the condensed consolidated statements of earnings. The recognized credit loss is limited to the total unrealized loss on the security due to a change in credit. Amounts on available for sale fixed maturities that are deemed to be uncollectible are written off and removed from the allowance for credit loss. A write-off may also occur if the Company intends to sell a security or when it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost. The Company does not measure a credit loss allowance on accrued interest receivable, included in accrued investment income on the condensed consolidated balance sheets, as the Company writes off any accrued interest receivable balance to net investment income in a timely manner (after 90 days) when the Company has concerns regarding collectability. The following table presents a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale: Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale Three Months Ended March 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies Obligations of states and political subdivisions Corporate securities Mortgage-backed securities Total Beginning balance $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - - - - Reductions for securities sold during the period - - - - - Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance $ - $ - $ 179,500 $ - $ 179,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The following table presents a roll forward of the Company’s cumulative other than temporary credit impairments (“OTTI”) recognized in earnings on fixed maturity securities available for sale which was required to be presented prior to the adoption of ASU 2016-13. Schedule of Earnings on Fixed Maturity Securities 2022 Balance of credit-related OTTI at January 1 $ 264,977 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 March 31 $ 225,475 The following table presents the amortized cost and the estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 18,103,991 $ 18,032,556 Due in 2-5 years 149,458,111 145,781,675 Due in 5-10 years 81,699,121 80,082,902 Due in more than 10 years 86,011,105 83,559,702 Mortgage-backed securities 33,859,690 29,853,692 Redeemable preferred stock 250,000 260,000 Total $ 369,382,018 $ 357,570,527 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company had pledged a total of $ 93,436,027 31,000,000 55,351,809 Credit Quality Indicators The NAIC assigns designations to fixed maturity securities. These designations range from Class 1 (highest quality) to Class 6 (lowest quality). The NAIC designations are utilized by insurers in preparing their annual statutory statements. NAIC Class 1 and 2 are considered “investment grade” while the NAIC Class 3 through 6 designations are considered “non-investment grade.” Based on the NAIC designations, the Company had 98.1 97.7 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The following table summarizes the credit quality, as determined by NAIC designation, of the Company’s fixed maturity securities available for sale, excluding redeemable preferred stock. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation March 31, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 202,589,256 $ 197,298,515 $ 197,753,818 $ 189,691,540 2 159,006,458 153,332,558 156,261,804 148,073,873 3 6,036,229 5,540,009 7,080,305 6,635,786 4 1,472,550 1,098,745 1,377,541 1,157,454 5 26,236 40,316 25,736 39,155 6 1,289 384 1,307 684 Total $ 369,132,018 $ 357,310,527 $ 362,500,511 $ 345,598,492 Information regarding sales of fixed maturity securities available for sale is presented as follows. Schedule of Major Categories of Net Investment Income 2023 2022 Three Months Ended March 31 2023 2022 Proceeds from sales $ 1,209,844 $ 455,651 Gross realized gains 15,490 2,354 Gross realized losses (54,104 ) (20 ) Securities and cash on deposit with regulatory authorities as required by law amounted to $ 10,952,850 11,032,165 There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses on equity securities and fixed maturity securities) at March 31, 2023, 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 resources. The geographic locations and asset classes of investments are 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 where the geographic location does not warrant full-time staff or through strategic lease-up periods. The Company generally looks to acquire assets that are located in regions expected to have high growth in employment and population and that provide operational efficiencies. 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, primarily where it is anticipated to improve yields, or facilitate the acquisition of higher quality assets or asset class diversification. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The aggregated net book value of commercial real estate serving as collateral for bank loans was $ 128,272,775 129,330,119 96,652,659 97,112,131 During the three month periods ended March 31, 2023, and 2022, the Company did not record any impairment losses on commercial real estate held for investment or held for sale. Impairment losses, if any, are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. During the three month periods ended March 31, 2023, and 2022, the Company recorded depreciation expense on commercial real estate held for investment of $ 1,565,927 1,323,930 The Company’s commercial real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage March 31 December 31 2022 March 31 December 31 2022 Utah (1) $ 146,397,779 $ 147,627,946 625,920 625,920 Louisiana 2,369,405 2,380,847 31,778 31,778 Mississippi 2,950,961 2,881,863 19,694 19,694 $ 151,718,145 $ 152,890,656 677,392 677,392 (1) Includes Center53 phase 1 and phase 2 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value March 31 December 31 2022 Mississippi (1) $ 151,553 $ 151,553 $ 151,553 $ 151,553 (1) Consists of approximately 93 acres of undeveloped land This property is being marketed with the assistance of commercial real estate brokers in Mississippi. Residential Real Estate Held for Investment and Held for Sale The Company occasionally acquires a small portfolio of residential homes primarily as a result of loan foreclosures. The Company has the option to sell these properties or to continue to hold them for expected cash flow and price appreciation. The Company also invests in residential subdivision land developments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The Company established Security National Real Estate Services (“SNRE”) to manage its residential property portfolio. SNRE cultivates and maintains the preferred vendor relationships necessary to manage costs and quality of work performed on the Company’s entire residential property portfolio. During the three month periods ended March 31, 2023, and 2022 the Company did not record any impairment losses on residential real estate held for sale or held for investment. Impairment losses, if any, are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. During the three month periods ended March 31, 2023, and 2022, the Company recorded depreciation expense on residential real estate held for investment of $ 2,648 2,648 The Company’s residential real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Residential Real Estate Investment Net Book Value March 31 December 31 2022 Utah (1) $ 35,358,867 $ 38,437,960 $ 35,358,867 $ 38,437,960 (1) Includes subdivision land developments The following table presents additional information regarding the Company’s subdivision land developments in Utah. March 31 December 31 2022 Lots developed 67 80 Lots to be developed 1,123 1,131 Book Value $ 34,825,972 $ 38,241,705 The Company’s residential real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value March 31 December 31 2022 Utah $ 7,238,709 $ 11,010,029 $ 7,238,709 $ 11,010,029 The net book value of foreclosed residential real estate included in residential real estate held for sale was $ 5,570,788 11,010,029 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the real estate owned by the Company. As of March 31, 2023, 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 Ascension Way, Floors 4, 5 and 6, Salt Lake City, UT - Center53 Building 2 (1) Corporate Offices, Life Insurance, Cemetery/Mortuary Operations, and Mortgage Operations and Sales 221,000 50 % 1044 River Oaks Dr., Flowood, MS (1) Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (2) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (2) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (2) Life Insurance Sales 1,737 100 % (1) Included in real estate held for investment on the condensed consolidated balance sheets (2) Included in property and equipment on the condensed 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 Concentrations of credit risk arise when a number of mortgage loan debtors have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Although the Company has a diversified mortgage loan portfolio consisting of residential mortgages, commercial loans and residential construction loans and requires collateral on all real estate exposures, a substantial portion of its debtors’ ability to honor obligations is reliant on the economic stability of the geographic region in which the debtors do business or are employed. As of March 31, 2023, the Company had 60 10 6 5 5 3 3 64 10 5 5 3 3 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 credit 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 requires that loans not exceed 80% of the fair market value of the respective loan collateral. For loans in excess of 80% of the fair market value of the respective loan collateral, additional collateral or mortgage insurance by an approved third-party insurer is required. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Evaluation of Allowance for Credit Losses See Note 2 regarding the adoption of ASU 2016-13. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the Company’s mortgage loans held for investment to present the net amount expected to be collected. The Company reports in net earnings, as a credit loss expense, the amount necessary to adjust the allowance for credit losses for the Company’s current estimate of expected credit losses on mortgage loans held for investment. This credit loss expense is included in other expenses on the condensed consolidated statements of earnings. Once a mortgage 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. Given this policy of timely writing off uncollectible accrued interest, the Company does not measure a credit loss allowance on accrued interest receivable as it writes off any uncollectible accrued interest receivable balances to net investment income in a timely manner. Accrued interest receivable is included in accrued investment income on the condensed consolidated balance sheets. Payments received for mortgage loans on a non-accrual status are recognized on a cash basis. Interest income recognized from any payments received for mortgage loans on a non-accrual status was immaterial. Accrual of interest resumes if a mortgage loan is brought current. Interest not accrued on these loans totaled approximately $ 110,000 226,000 The Company measures expected credit losses based on the fair value of the collateral when the Company determines that foreclosure is probable. When a mortgage loan becomes delinquent, the Company proceeds to foreclose and all expenses for foreclosure are expensed as incurred. Once foreclosed, the property is classified as real estate held for investment or held for sale. For purposes of determining the allowance for credit 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 Commercial loans are evaluated for credit loss by analyzing loan attributes that are predictors for future credit losses. The Company uses a combination of the debt service coverage ratio (“DSCR”) and loan to value (“LTV”) to group similar commercial loans. The Company applies a future loss factor to the outstanding balance of each group to arrive at the allowance for credit loss. Residential The Company uses a third-party to provide a monthly analysis of its residential portfolio for credit losses. The third-party uses the Company’s current loan data and runs it through various models to project cash flows and provide a projected life of loan loss. The models consider loan features such as loan type, loan to value, payment status, age, and current property values. The Company also considers historical delinquency rates and current unemployment trends. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Residential construction (including land acquisition and development) Additionally, land acquisition and development loans are underwritten in accordance with the Company’s underwriting policies, which include independent appraisal valuations as well as the estimated value associated with the land upon completion of development into finished lots. These loans are considered to be of a higher risk than other mortgage loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term or construction financing, and interest rate sensitivity. To determine the allowance for credit losses on residential construction mortgage loans, the Company considers historical activity and housing market trends. Given the continued volatility in the housing market, the Company has adjusted its credit loss analysis. The following table presents a roll forward of the allowance for credit losses as of the dates indicated. Schedule of Allowance for Loan Losses Commercial Residential Residential Construction Total March 31, 2023 Allowance for credit losses: Beginning balance - January 1, 2023 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) 555,807 (192,607 ) 301,830 665,030 (1) Change in provision for credit losses 15,195 137,727 (52,844 ) 100,078 (2) Charge-offs - - - - Ending balance - March 31, 2023 $ 758,131 $ 1,685,100 $ 292,188 $ 2,735,419 December 31, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Change in provision for credit losses - 270,409 - 270,409 (2) Charge-offs - - - - Ending balance - December 31, 2022 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 (1) See Note 2 of the notes to the condensed consolidated financial statements (2) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The following table presents the aging of mortgage loans held for investment by loan type as of the dates indicated. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total March 31, 2023 30-59 days past due $ 3,221,608 $ 5,807,400 $ 1,205,232 $ 10,234,240 60-89 days past due - - - - Over 90 days past due (1) 405,000 2,224,933 - 2,629,933 In process of foreclosure (1) - 713,552 - 713,552 Total past due 3,626,608 8,745,885 1,205,232 13,577,725 Current 47,180,844 85,725,328 144,888,715 277,794,887 Total mortgage loans 50,807,452 94,471,213 146,093,947 291,372,612 Allowance for credit losses (758,131 ) (1,685,100 ) (292,188 ) (2,735,419 ) Unamortized deferred loan fees, net (224,118 ) (1,258,174 ) (270,077 ) (1,752,369 ) Unamortized discounts, net (227,417 ) (110,768 ) - (338,185 ) Net mortgage loans $ 49,597,786 $ 91,417,171 $ 145,531,682 $ 286,546,639 December 31, 2022 30-59 days past due $ 1,000,000 $ 3,553,390 $ - $ 4,553,390 60-89 days past due - 814,184 - 814,184 Over 90 days past due (1) - 1,286,211 - 1,286,211 In process of foreclosure (1) 405,000 876,174 - 1,281,174 Total past due 1,405,000 6,529,959 - 7,934,959 Current 44,906,955 86,825,664 172,516,125 304,248,744 Total mortgage loans 46,311,955 93,355,623 172,516,125 312,183,703 Allowance for credit losses (187,129 ) (1,739,980 ) (43,202 ) (1,970,311 ) Unamortized deferred loan fees, net (199,765 ) (1,212,994 ) (333,846 ) (1,746,605 ) Unamortized discounts, net (230,987 ) (111,873 ) - (342,860 ) Net mortgage loans $ 45,694,074 $ 90,290,776 $ 172,139,077 $ 308,123,927 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Credit Quality Indicators The Company evaluates and monitors the credit quality of its commercial loans by analyzing loan to value (“LTV”) and debt service coverage ratios (“DSCR”). Monitoring a commercial mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The unpaid principal balance of commercial mortgage loans by credit quality indicator and vintage year was as follows as of March 31, 2023: Schedule of Commercial Mortgage Loans By Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total LTV: Less than 65% $ 8,525,000 $ 14,383,954 $ 3,842,851 $ - $ 3,025,549 $ 7,009,216 $ 36,786,570 72.40 % 65% to 80% - 6,073,044 2,100,000 4,913,313 - - 13,086,357 25.76 % Greater than 80% - 529,525 405,000 - - - 934,525 1.84 % Total $ 8,525,000 $ 20,986,523 $ 6,347,851 $ 4,913,313 $ 3,025,549 $ 7,009,216 $ 50,807,452 100.00 % DSCR >1.20x $ 5,725,000 $ 1,000,000 $ 2,800,000 $ 4,913,313 $ 3,025,549 $ 1,507,378 $ 18,971,240 37.34 % 1.00x - 1.20x 2,800,000 11,425,114 3,547,851 - - 5,501,838 23,274,803 45.81 % <1.00x - 8,561,409 (1) - - - - 8,561,409 16.85 % Total $ 8,525,000 $ 20,986,523 $ 6,347,851 $ 4,913,313 $ 3,025,549 $ 7,009,216 $ 50,807,452 100.00 % (1) Commercial construction loan The Company evaluates and monitors the credit quality of its residential mortgage

Loans Held for Sale

Loans Held for Sale	3 Months Ended
	Mar. 31, 2023
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: Schedule of Aggregate Fair Value Loans Held for Sale As of As of Aggregate fair value $ 173,015,404 $ 141,179,620 Unpaid principal balance 172,407,557 141,337,811 Unrealized gain (loss) 607,847 (158,191 ) 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 March 31 2023 2022 Loan fees $ 4,388,414 $ 7,087,182 Interest income 2,007,058 2,031,869 Secondary gains 17,961,358 39,602,614 Change in fair value of loan commitments 677,952 2,675,371 Change in fair value of loans held for sale 794,614 (2,746,565 ) Provision for loan loss reserve 159,610 (306,026 ) Mortgage fee income $ 25,989,006 $ 48,344,445 Loan Loss Reserve Repurchase demands from third party investors that correspond to mortgage loans previously held for sale and sold are reviewed and relevant data is captured so that an estimated future loss can be calculated. The key factors that are used in the estimated future loss calculation are as follows: (i) lien position, (ii) payment status, (iii) claim type, (iv) unpaid principal balance, (v) interest rate, and (vi) validity of the demand. Other data is captured and is useful for management purposes; the actual estimated loss is generally based on these key factors. The Company conducts its own review upon the receipt of a repurchase demand. In many instances, the Company is able to resolve the issues relating to the repurchase demand by the third-party investor without having to make any payments to the investor. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (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 $ 1,725,667 $ 2,447,139 Provision on current loan originations (1) 239,801 1,078,812 Charge-offs, net of recaptured amounts (632,783 ) (1,800,284 ) Balance, end of period $ 1,332,685 $ 1,725,667 (1) Included in mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the three month period ended March 31, 2023, $ 239,801 450 1,000,000 306,026 290 1,000,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2023
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 Equity Incentive Plan”). Stock Options Stock based compensation expense for stock options issued of $ 142,929 271,747 390,702 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. Activity of the stock option plans during the three month period ended March 31, 2023, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2023 976,605 $ 4.78 1,157,203 $ 5.59 Granted 16,000 - Exercised (90,705 ) - Cancelled - - Outstanding at March 31, 2023 901,900 $ 4.92 1,157,203 $ 5.59 As of March 31, 2023: Options exercisable 827,025 $ 4.76 935,953 $ 5.36 As of March 31, 2023: Available options for future grant 155,133 795,000 Weighted average contractual term of options outstanding at March 31, 2023 4.60 6.66 Weighted average contractual term of options exercisable at March 31, 2023 4.14 6.20 Aggregated intrinsic value of options outstanding at March 31, 2023 (1) $ 1,182,602 $ 741,380 Aggregated intrinsic value of options exercisable at March 31, 2023 (1) $ 1,214,210 $ 812,293 (1) The Company used a stock price of $ 6.23 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 5) Stock Compensation Plans (Continued) Activity of the stock option plans during the three month period ended March 31, 2022, is summarized as follows: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.61 821,146 $ 5.48 Granted 4,000 - Exercised (50,968 ) - Cancelled - - Outstanding at March 31, 2022 977,383 $ 4.77 821,146 $ 5.48 As of March 31, 2022: Options exercisable 906,258 $ 4.46 648,646 $ 4.67 As of March 31, 2022: Available options for future grant 228,376 16,689 Weighted average contractual term of options outstanding at March 31, 2022 4.44 7.00 Weighted average contractual term of options exercisable at March 31, 2022 4.03 6.57 Aggregated intrinsic value of options outstanding at March 31, 2022 (1) $ 5,115,622 $ 3,666,085 Aggregated intrinsic value of options exercisable at March 31, 2022 (1) $ 5,017,469 $ 3,460,285 (1) The Company used a stock price of $ 10.00 The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during the three month periods ended March 31,2023 and 2022 was $ 176,935 395,831 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 5) Stock Compensation Plans (Continued) Restricted Stock Units (“RSUs”) Stock based compensation expense for RSUs issued of $ 742 nil nil Activity of the RSUs during the three month period ended March 31, 2023 is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 1,620 $ 6.48 Granted - Vested - Non-vested at March 31, 2023 1,620 $ 6.48 Available RSUs for future grant $ 18,380 Aggregated intrinsic value of RSUs outstanding at March 31, 2023 (1) $ - (1) The Company used a stock price of $ 6.23 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	6) Earnings Per Share Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted Three Months Ended 2023 2022 Numerator: Net earnings $ 1,240,172 $ 3,228,718 Denominator: Basic weighted-average shares outstanding 21,080,549 21,381,988 Effect of dilutive securities: Employee stock options 531,486 884,485 Diluted weighted-average shares outstanding 21,612,035 22,266,473 Basic net earnings per share $ 0.06 $ 0.15 Diluted net earnings per share $ 0.06 $ 0.15 For the three month periods ended March 31, 2023, and 2022, there were 730,270 nil 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, 2021 17,642,722 2,866,565 Exercise of stock options 50,223 - Conversion of Class C to Class A 207 (207 ) Outstanding shares at March 31, 2022 17,693,152 2,866,358 Outstanding shares at December 31, 2022 18,758,031 2,889,859 Common stock, shares, outstanding, beginning 18,758,031 2,889,859 Exercise of stock options 48,046 - Conversion of Class C to Class A 936 (936 ) Outstanding shares at March 31, 2023 18,807,013 2,888,923 Common stock, shares, outstanding, ending 18,807,013 2,888,923 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2023
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, 2022. Intersegment revenues are recorded at cost plus an agreed upon intercompany profit, and are eliminated upon consolidation. Factors Management Used to Identify the Enterprise’s Reportable Segments The Company’s reportable segments are business units that are managed separately due to the different products provided and the need to report separately to the various regulatory jurisdictions. The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 7) Business Segment Information (Continued) Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated For the Three Months Ended March 31, 2023 Revenues from external customers $ 45,415,297 $ 7,198,396 $ 26,887,041 $ - $ 79,500,734 Intersegment revenues 1,510,028 83,836 123,699 (1,717,563 ) - Segment profit (loss) before income taxes 3,683,735 1,784,592 (3,883,439 ) - 1,584,888 Identifiable Assets 1,308,954,075 87,354,333 152,745,312 (111,225,073 ) 1,437,828,647 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,311,719,645 89,842,546 152,745,312 (111,225,073 ) 1,443,082,430 For the Three Months Ended March 31, 2022 Revenues from external customers $ 41,501,809 $ 7,463,194 $ 53,460,904 $ - $ 102,425,907 Intersegment revenues 1,695,779 182,589 74,709 (1,953,077 ) - Segment profit before income taxes 816,485 2,020,317 1,606,714 - 4,443,516 Identifiable Assets 1,241,160,139 77,002,286 295,671,662 (99,284,078 ) 1,514,550,009 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,243,925,709 79,490,499 295,671,662 (99,284,078 ) 1,519,803,792 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8) Fair Value of Financial Instruments GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. Fair value measurements are classified under the following hierarchy: Level 1: Level 2: a) Quoted prices for similar assets or liabilities in active markets; b) Quoted prices for identical or similar assets or liabilities in non-active markets; or c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: The Company utilizes a combination of third-party valuation service providers, brokers, and internal valuation models to determine fair value. The following methods and assumptions were used by the Company in estimating the fair value disclosures related to significant financial instruments. The items shown under Level 1 and Level 2 are valued as follows: Fixed Maturity Securities Available for Sale Equity Securities Restricted Assets Cemetery Perpetual Care Trust Investments Call and Put Option Derivatives Additionally, there were no transfers between Level 1 and Level 2 in the fair value hierarchy. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments (Continued) The items shown under Level 3 are valued as follows: Loans Held for Sale Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. Impaired Mortgage Loans Held for Investment Impaired Real Estate Held for Investment It should be noted that for replacement cost, when determining the fair value of real estate held for investment, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company uses market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparable properties and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments (Continued) The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at March 31, 2023. 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 $ 357,570,527 $ - $ 356,135,008 $ 1,435,519 Equity securities 12,354,007 12,354,007 - - Loans held for sale 173,015,404 - - 173,015,404 Restricted assets (1) 1,217,307 - 1,217,307 - Restricted assets (2) 5,660,427 5,660,427 - - Cemetery perpetual care trust investments (1) 256,422 - 256,422 - Cemetery perpetual care trust investments (2) 3,691,958 3,691,958 - - Derivatives - loan commitments (3) 6,560,948 - - 6,560,948 Total assets accounted for at fair value on a recurring basis $ 560,327,000 $ 21,706,392 $ 357,608,737 $ 181,011,871 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) Derivatives - put options (4) Derivatives - loan commitments (4) (3,176,119 ) - - (3,176,119 ) Total liabilities accounted for at fair value on a recurring basis $ (3,176,119 ) $ - $ - $ (3,176,119 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments (Continued) The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at December 31, 2022. 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 $ 345,858,492 $ - $ 344,422,973 $ 1,435,519 Equity securities 11,682,526 11,682,526 - - Loans held for sale 141,179,620 - - 141,179,620 Restricted assets (1) 1,217,308 - 1,217,308 - Restricted assets (1) 1,217,308 - 1,217,308 - Restricted assets (2) 5,348,244 5,348,244 - - Restricted assets (2) 5,348,244 5,348,244 - - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - Derivatives - loan commitments (3) 4,089,856 - - 4,089,856 Derivatives - loan commitments (3) 4,089,856 - - 4,089,856 Total assets accounted for at fair value on a recurring basis $ 513,235,939 $ 20,635,932 $ 345,895,012 $ 146,704,995 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (29,715 ) $ (29,715 ) $ - $ - Derivatives - put options (4) (13,888 ) (13,888 ) - - Derivatives - loan commitments (4) (1,382,979 ) - - (1,382,979 ) Derivatives - call options (4) $ (29,715 ) $ (29,715 ) $ - $ - Derivatives - put options (4) (13,888 ) (13,888 ) - - Derivatives - loan commitments (4) (1,382,979 ) - - (1,382,979 ) Total liabilities accounted for at fair value on a recurring basis $ (1,426,582 ) $ (43,603 ) $ - $ (1,382,979 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments (Continued) For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Assets and Liabilities Measured at Fair Value on A Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 3/31/2023 Technique Input(s) Value Value Average Loans held for sale $ 173,015,404 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 111.0 % 100.0 % Derivatives - loan commitments (net) 3,384,829 Market approach Pull-through rate 65.0 % 95.0 % 85.0 % Initial-Value N/A N/A N/A Servicing 0 bps 149 bps 45 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97 For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, 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 12/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 141,179,620 Market approach Investor contract pricing as a percentage of unpaid principal balance 69.9 % 106.1 % 99.8 % Derivatives - loan commitments (net) 2,706,877 Market approach Pull-through rate 65.0 % 95.0 % 82.2 % Initial-Value N/A N/A N/A Servicing 0 bps 153 bps 73 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (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 month periods ended March 31, 2023: Schedule of Changes in the Condensed Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations and purchases - 531,867,796 - Sales, maturities and paydowns - (511,909,942 ) - Total gains (losses): Included in earnings 677,952 (1) 11,877,930 (1) - (2) Included in other comprehensive income - - - Balance - March 31, 2023 $ 3,384,829 $ 173,015,404 $ 1,435,519 (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 month periods ended March 31, 2022: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 1,039,216,582 - Sales, maturities and paydowns - (1,132,085,830 ) (11,950 ) Total gains (losses): Included in earnings 2,675,371 (1) 24,105,293 (1) 961 (2) Included in other comprehensive income - - (587 ) Balance - March 31, 2022 $ 9,690,886 $ 234,012,872 $ 2,011,772 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments The Company didn’t have any financial assets and financial liabilities measured at fair value on a nonrecurring basis at March 31, 2023. 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, 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 $ 794,224 $ - $ - $ 794,224 Total assets accounted for at fair value on a nonrecurring basis $ 794,224 $ - $ - $ 794,224 Fair Value of Financial Instruments Carried at Other Than Fair Value ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at March 31, 2023 and December 31, 2022. The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of March 31, 2023: 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 $ 91,417,171 $ - $ - $ 89,949,922 $ 89,949,922 Residential construction 145,531,682 - - 145,531,682 145,531,682 Commercial 49,597,786 - - 48,049,451 48,049,451 Mortgage loans held for investment, net $ 286,546,639 $ - $ - $ 283,531,055 $ 283,531,055 Policy loans 13,012,347 - - 13,012,347 13,012,347 Insurance assignments, net (1) 43,887,930 - - 43,887,930 43,887,930 Restricted assets (2) 2,936,896 - - 2,936,896 2,936,896 Cemetery perpetual care trust investments (2) 2,709,339 - - 2,709,339 2,709,339 Mortgage servicing rights, net 3,166,133 - - 4,164,686 4,164,686 Liabilities Bank and other loans payable $ (138,391,846 ) $ - $ - $ (138,391,846 ) $ (138,391,846 ) Policyholder account balances (3) (40,865,405 ) - - (41,529,360 ) (41,529,360 ) Future policy benefits - annuities (3) (106,474,611 ) - - (128,238,451 ) (128,238,451 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (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, 2022: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 90,290,776 $ - $ - $ 88,575,293 $ 88,575,293 Residential construction 172,139,077 - - 172,139,077 172,139,077 Commercial 45,694,074 - - 44,079,537 44,079,537 Mortgage loans held for investment, net $ 308,123,927 $ - $ - $ 304,793,907 $ 304,793,907 Policy loans 13,095,473 - - 13,095,473 13,095,473 Insurance assignments, net (1) 45,332,585 - - 45,332,585 45,332,585 Restricted assets (2) 1,731,469 - - 1,731,469 1,731,469 Cemetery perpetual care trust investments (2) 1,506,517 - - 1,506,517 1,506,517 Mortgage servicing rights, net 3,039,765 - - 3,927,877 3,927,877 Liabilities Bank and other loans payable $ (161,712,804 ) $ - $ - $ (161,712,804 ) $ (161,712,804 ) Policyholder account balances (3) (41,146,171 ) - - (42,181,089 ) (42,181,089 ) Future policy benefits - annuities (3) (106,637,094 ) - - (126,078,031 ) (126,078,031 ) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of these financial instruments are summarized as follows: Mortgage Loans Held for Investment Residential – The estimated fair value is determined through a combination of discounted cash flows (estimating expected future cash flows of payments and discounting them using current interest rates from single family mortgages) and considering pricing of similar loans that were sold recently. Residential Construction – These loans are primarily short in maturity. Accordingly, the estimated fair value is determined to be the carrying value. Commercial – The estimated fair value is determined by estimating expected future cash flows of payments and discounting them using current interest rates for commercial mortgages. Policy Loans Insurance Assignments, Net SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities 1.5 6.5

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	9) Derivative Instruments Mortgage Banking Derivatives Loan Commitments The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of loan commitments from the time a loan commitment is made to an applicant to the time the loan that would result from the exercise of that loan commitment is funded. Managing price risk is complicated by the fact that the ultimate percentage of loan commitments that will be exercised (i.e., the number of loans that will be funded) fluctuates. The probability that a loan will not be funded or the loan application is denied or withdrawn within the terms of the commitment is driven by a number of factors, particularly the change, if any, in mortgage rates following the issuance of the loan commitment. In general, the probability of funding increases if mortgage rates rise and decreases if mortgage rates fall. This is due primarily to the relative attractiveness of current mortgage rates compared to the applicant’s committed rate. The probability that a loan will not be funded within the terms of the mortgage loan commitment also is influenced by the source of the applications (retail, broker or correspondent channels), proximity to rate lock expiration, purpose for the loan (purchase or refinance), product type and the application approval status. The Company has developed fallout estimates using historical data that take into account all of the variables, as well as renegotiations of rate and point commitments that tend to occur when mortgage rates fall. These fallout estimates are used to estimate the number of loans that the Company expects to be funded within the terms of the loan commitments and are updated periodically to reflect the most current data. The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted mortgage-backed securities (“MBS”) prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 9 ) Derivative Instruments (Continued) 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 discontinued its use of selling “out of the money” call options on its equity securities and the use of selling put options as a source of revenue in the first quarter of 2023. The net changes in the fair value of call and put options are shown in current earnings as a component of realized gains (losses) on investments and other assets. Call and put options are shown in other liabilities and accrued expenses on the condensed consolidated balance sheets. The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value March 31, 2023 December 31, 2022 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 $ 441,138,434 $ 6,560,948 $ 3,176,119 $ 453,371,808 $ 4,089,859 $ 1,382,979 Call options Other liabilities - - - 868,600 - 29,715 Put options Other liabilities - - - 654,500 - 13,888 Total $ 441,138,434 $ 6,560,948 $ 3,176,119 $ 454,894,908 $ 4,089,859 $ 1,426,582 The following table presents the gains on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Three Months Ended March 31 Derivative Classification 2023 2022 Loan commitments Mortgage fee income $ 677,952 $ 2,675,371 Call and put options Gains on investments and other assets $ 49,963 $ 61,195 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks in excess of a specified limit, which 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 SOFR rate plus 2% November 9, 2023 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 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 $ 50,000,000 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 March 31, 2023, the Company was not in compliance with the net income covenant on its warehouse line with U.S. Bank and has received or is in the process of receiving waivers from the warehouse banks. In the unlikely event the Company is required to repay the outstanding advances of approximately $ 8,900,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 10) Reinsurance, Commitments and Contingencies Other Contingencies and Commitments The Company has entered into commitments to fund construction and land development loans and has also provided financing for land acquisition and development. As of March 31, 2023, the Company’s commitments were approximately $ 192,542,000 151,740,182 50 80 5.25 8.50 The Company belongs to a captive insurance group for certain casualty insurance, worker compensation and liability programs. Insurance reserves are maintained relative to these programs. The level of exposure from catastrophic events is limited by the purchase of stop-loss and aggregate liability reinsurance coverage. When estimating the insurance liabilities and related reserves, the captive insurance management considers a number of factors, which include historical claims experience, demographic factors, severity factors and valuations provided by independent third-party actuaries. If actual claims or adverse development of loss reserves occurs and exceed these estimates, additional reserves may be required. The estimation process contains uncertainty since captive insurance management must use judgment to estimate the ultimate cost that will be incurred to settle reported claims and unreported claims for incidents incurred but not reported as of the balance sheet date. The Company is a defendant in various other legal actions arising from the normal conduct of business. Management believes that none of the actions, if adversely determined, will have a material effect on the Company’s financial position or results of operations. Based on management’s assessment and legal counsel’s representations concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements. The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights	11) Mortgage Servicing Rights The Company initially records these MSRs at fair value as discussed in Note 8. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. Amortization expense is included in other expenses on the consolidated statements of earnings. MSR amortization is determined by amortizing the MSR balance in proportion to, and over the period of the estimated future net servicing income of the underlying financial assets. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current-period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. Management periodically reviews the various loan strata to determine whether the value of the MSRs in a given stratum is impaired and likely to recover. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance. The following table presents the MSR activity. Schedule of Mortgage Servicing Rights As of March 31 As of December 31 Amortized cost: Balance before valuation allowance at beginning of year $ 3,039,765 $ 53,060,455 MSR additions resulting from loan sales (1) 287,710 10,243,922 Amortization (2) (161,342 ) (9,078,706 ) Sale of MSRs - (51,185,906 ) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 3,166,133 $ 3,039,765 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 $ 3,166,133 $ 3,039,765 Estimated fair value of MSRs at end of period $ 4,164,686 $ 3,927,877 (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 March 31, 2023 (Unaudited) 11) Mortgage Servicing Rights The following table summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the assumptions made by management in its March 31, 2023 valuation of MSRs. The assumptions underlying the following estimate will change as market conditions and portfolio composition and behavior change, causing both actual and projected amortization levels to change over time. Therefore, the following estimates will change in a manner and amount not presently determinable by management. Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2023 345,340 2024 309,193 2025 277,298 2026 246,874 2027 221,541 Thereafter 1,765,887 Total $ 3,166,133 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 2023 2022 Three Months Ended 2023 2022 Contractual servicing fees $ 410,400 $ 4,506,260 Late fees 49,313 100,038 Total $ 459,713 $ 4,606,298 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio As of March 31 As of December 31 Servicing UPB $ 376,394,059 $ 360,023,384 The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount March 31, 2023 8.80 8.10 11.78 December 31, 2022 8.12 8.49 11.95 On October 31, 2022, the Company sold certain of its MSRs. The MSRs related to mortgage loans previously originated by the Company in aggregate unpaid principal amount of approximately $ 7.02 51,185,906 34,051,938 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	12) Income Taxes The Company’s overall effective tax rate for the three month periods ended March 31, 2023 and 2022 was 21.8 27.3 344,716 1,214,798 21 Interim income taxes are based on an estimated annualized effective tax rate applied to the respective quarterly periods, adjusted for discrete tax items in the period in which they occur. Although the Company believes its tax estimates are reasonable, the Company can make no assurance that the final tax outcome of these matters will not be different from that which it has reflected in its historical income tax provisions and accruals.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	13) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers Information about Performance Obligations and Contract Balances The Company’s cemetery and mortuary segment sells a variety of goods and services to customers in both at-need and pre-need situations. Due to the timing of the fulfillment of the obligation, revenue is deferred until that obligation is fulfilled. The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue Deferred Pre-need Land Revenue 10% Complete payment of the contract does not constitute fulfillment of the performance obligation. Goods or services are deferred until such time the service is performed or merchandise is received. Pre-need contracts are required to be paid in full prior to a customer using a good or service from a pre-need contract. Goods and services from pre-need contracts can be transferred when paid in full from one owner to another. In such cases, the Company will act as an agent in transferring the requested goods and services. A transfer of goods and services does not fulfill an obligation and revenue remains deferred. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 13) Revenues from Contracts with Customers (Continued) The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2023) $ 5,392,779 $ - $ 16,226,836 Closing (3/31/2023) 5,145,833 - 16,583,024 Increase/(decrease) (246,946 ) - 356,188 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (12/31/2022) 5,392,779 - 16,226,836 Increase/(decrease) 94,143 - 1,718,814 (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 month periods ended March 31, 2023 and 2022 was $ 1,119,898 1,064,104 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 2023 2022 Three Months Ended 2023 2022 Major goods/service lines At-need $ 5,154,036 $ 5,866,878 Pre-need 1,317,393 1,338,843 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721 Timing of Revenue Recognition Goods transferred at a point in time $ 4,029,666 $ 4,180,545 Services transferred at a point in time 2,441,763 3,025,176 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 13) Revenues from Contracts with Customers (Continued) 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 2023 2022 Three Months Ended 2023 2022 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721 Gains (losses) on investments and other assets 53,931 (254,525 ) Net investment income 601,491 496,459 Other revenues 71,545 15,539 Revenues from external customers 7,198,396 7,463,194

Receivables

Receivables	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Receivables	14) Receivables Receivables consist of the following: Schedule of Receivables As of March 31, 2023 As of December 31, 2022 Contracts with customers $ 5,145,833 $ 5,392,779 Receivables from sales agents 2,254,183 2,209,185 Other 10,844,499 23,200,919 Total receivables 18,244,515 30,802,883 Allowance for doubtful accounts (1,867,124 ) (2,229,791 ) Net receivables $ 16,377,391 $ 28,573,092 The Company records an allowance for credit losses for its receivables in accordance with GAAP. See Note 2 regarding the adoption of ASU 2016-13. The following table presents a roll forward of the allowance for credit losses. Schedule of Allowance Credit Losses Allowance Beginning balance - January 1, 2023 $ 2,229,791 Change in provision for credit losses (318,664 )(1) Charge-offs (44,003 ) Ending balance - March 31, 2023 $ 1,867,124 Beginning balance - January 1, 2022 $ 1,800,725 Change in provision for credit losses 799,888 (1) Charge-offs (370,822 ) Ending balance - December 31, 2022 $ 2,229,791 (1) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited)

Cemetery Perpetual Care Trust I

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	3 Months Ended
	Mar. 31, 2023
Cemetery Perpetual Care Trust Investments And Obligation And Restricted Assets
Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Cemetery Perpetual Care Trust Investments and Obligation State law requires the Company to pay into endowment care trusts a portion of the proceeds from the sale of certain cemetery property interment rights for cemeteries that have established an endowment care trust. These endowment care trusts are defined as variable interest entities pursuant to GAAP. Also, management has determined that the Company is the primary beneficiary of these trusts, as it absorbs both a majority of the losses and returns associated with the trusts. The Company has consolidated cemetery endowment care trust investments with a corresponding amount recorded as Cemetery Perpetual Care Obligation in the accompanying consolidated balance sheets . The components of the cemetery perpetual care investments and obligation as of March 31, 2023, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 381 $ - $ - $ 89,384 Obligations of states and political subdivisions 172,966 - (5,928 ) - 167,038 Total fixed maturity securities available for sale $ 261,969 $ 381 $ (5,928 ) $ - $ 256,422 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,251,768 $ 602,286 $ (162,096 ) $ 3,691,958 Total equity securities at estimated fair value $ 3,251,768 $ 602,286 $ (162,096 ) $ 3,691,958 Mortgage loans held for investment at amortized cost: Residential construction $ 2,709,339 Less: Allowance for credit losses $ (2,196 ) Total mortgage loans held for investment $ 2,707,143 Real estate held for investment: Residential $ 55,531 Cash and cash equivalents $ 749,358 Total cemetery perpetual care trust investments $ 7,460,412 Cemetery perpetual care obligation $ (5,143,233 ) Trust investments in excess of trust obligations $ 2,317,179 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The components of the cemetery perpetual care investments and obligation as of December 31, 2022, are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 42 $ (38 ) $ 89,008 Obligations of states and political subdivisions 174,201 - (8,478 ) 165,723 Total fixed maturity securities available for sale $ 263,205 $ 42 $ (8,516 ) $ 254,731 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Total equity securities at estimated fair value $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Mortgage loans held for investment at amortized cost: Residential construction $ 1,506,517 Real estate held for investment: Residential $ (16,178 ) Cash and cash equivalents $ 1,925,978 Total cemetery perpetual care trust investments $ 7,276,210 Cemetery perpetual care obligation $ (5,099,542 ) Trust investments in excess of trust obligations $ 2,176,668 Fixed Maturity Securities The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at March 31, 2023 and at December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations and inflation. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At March 31, 2023 Obligations of states and political subdivisions $ 435 $ 54,401 $ 5,493 $ 112,637 $ 5,928 $ 167,038 Total unrealized losses $ 435 $ 54,401 $ 5,493 $ 112,637 $ 5,928 $ 167,038 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 38 $ 59,392 $ - $ - $ 38 $ 59,392 Obligations of states and political subdivisions 1,845 94,612 6,633 71,112 8,478 165,724 Total unrealized losses $ 1,883 $ 154,004 $ 6,633 $ 71,112 $ 8,516 $ 225,116 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets There were 3 securities with fair value of 96.6% 96.4% No The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 89,004 $ 89,384 Due in 2-5 years 76,509 71,788 Due in 5-10 years 41,621 40,849 Due in more than 10 years 54,835 54,401 Total $ 261,969 $ 256,422 Restricted Assets The Company has also established certain restricted assets to provide for future merchandise and service obligations incurred in connection with its pre-need sales for its cemetery and mortuary segment. Restricted cash also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company elected to maintain its medical benefit fund without change from the prior year and has included this amount as a component of restricted cash. These restricted cash items are for the Company’s life insurance and mortgage segments. Restricted assets as of March 31, 2023, are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,030,141 $ 679 $ (12,436 ) $ - $ 1,018,384 Corporate securities including public utilities 200,543 - (1,620 ) - 198,923 Total fixed maturity securities available for sale $ 1,230,685 $ 679 $ (14,056 ) $ - $ 1,217,307 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 5,241,033 $ 692,339 $ (272,945 ) $ 5,660,427 Total equity securities at estimated fair value $ 5,241,033 $ 692,339 $ (272,945 ) $ 5,660,427 Mortgage loans held for investment at amortized cost: Residential construction $ 2,936,896 Less: Allowance for credit losses $ (5,874 ) Total mortgage loans held for investment $ 2,931,023 Cash and cash equivalents (1) $ 9,228,113 Total restricted assets $ 19,036,870 (1) Including cash and cash equivalents of $ 8,232,615 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Restricted assets as of December 31, 2022, are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,033,047 $ 866 $ (15,360 ) $ 1,018,553 Corporate securities including public utilities 201,771 - (3,016 ) 198,755 Total fixed maturity securities available for sale $ 1,234,818 $ 866 $ (18,376 ) $ 1,217,308 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Total equity securities at estimated fair value $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Mortgage loans held for investment at amortized cost: Residential construction $ 1,731,469 Cash and cash equivalents (1) $ 10,638,034 Total restricted assets $ 18,935,055 (1) Including cash and cash equivalents of $ 8,527,620 Fixed Maturity Securities The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at March 31, 2023 and at December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations and inflation. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At March 31, 2023 Obligations of states and political subdivisions $ 2,670 $ 338,301 $ 9,767 $ 500,955 $ 12,436 $ 839,256 Corporate securities including public utilities 1,620 198,923 - - 1,620 198,923 Total unrealized losses $ 4,290 $ 537,225 $ 9,767 $ 500,955 $ 14,056 $ 1,038,179 At December 31, 2022 Obligations of states and political subdivisions $ 11,891 $ 760,255 $ 3,469 $ 58,072 $ 15,360 $ 818,327 Corporate securities including public utilities 3,016 198,755 - - 3,016 198,755 Total unrealized losses $ 14,907 $ 959,010 $ 3,469 $ 58,072 $ 18,376 $ 1,017,082 There were 17 securities with fair value of 98.7% 98.2% No SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ - $ - Due in 2-5 years 318,067 311,893 Due in 5-10 years 153,284 151,610 Due in more than 10 years 759,334 753,804 Total $ 1,230,685 $ 1,217,307 See Notes 3 and 8 for additional information regarding restricted assets and cemetery perpetual care trust investments.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (loss)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (loss)	16) Accumulated Other Comprehensive Income (loss) The following summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2023 2022 Three Months Ended March 31 2023 2022 Unrealized gains (losses) on fixed maturity securities available for sale $ 5,436,929 $ (15,372,096 ) Amounts reclassified into net earnings (218,900 ) 45,193 Net unrealized gains (losses) before taxes 5,218,029 (15,326,903 ) Tax (expense) benefit (1,095,787 ) 3,218,648 Net 4,122,242 (12,108,255 ) Unrealized gains (losses) on restricted assets (1) 4,133 (71,946 ) Tax (expense) benefit (1,029 ) 17,922 Net 3,104 (54,024 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 2,926 (37,357 ) Tax (expense) benefit (714 ) 9,306 Net 2,212 (28,051 ) Other comprehensive income (loss) changes $ 4,127,558 $ (12,190,330 ) (1) Fixed maturity securities available for sale SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 16) Accumulated Other Comprehensive Income (loss) (Continued) The following is the accumulated balances of other comprehensive income (loss) as of March 31, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance March 31, Unrealized gains (losses) on fixed maturity securities available for sale $ (13,050,767 ) $ 4,122,242 $ (8,928,525 ) Unrealized gains (losses) on restricted assets (1) (13,148 ) 3,104 (10,044 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (6,362 ) 2,212 (4,150 ) Other comprehensive income (loss) $ (13,070,277 ) $ 4,127,558 $ (8,942,719 ) (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022: Beginning Balance December 31, 2021 Change for the period Ending Balance December 31, Unrealized gains (losses) on fixed maturity securities available for sale $ 18,021,265 $ (31,072,032 ) $ (13,050,767 ) Unrealized gains (losses) on restricted assets (1) 40,192 (53,340 ) (13,148 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 8,991 (15,353 ) (6,362 ) Other comprehensive income (loss) $ 18,070,448 $ (31,140,725 ) $ (13,070,277 ) (1) Fixed maturity securities available for sale

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU	Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU Amount Mortgage loans held for investment: Residential $ (192,607 ) Residential construction 301,830 Commercial 555,807 Total 665,030 Restriced assets - mortgage loans held for investment: Residential construction 3,463 Cemetery perpetual care trust investments - mortgage loans held for investment: Residential construction 3,013 Grand Total 671,506

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of March 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 95,362,166 $ 305,924 $ (2,047,395 ) $ - $ 93,620,695 Obligations of states and political subdivisions 6,766,771 14,954 (337,946 ) - 6,443,779 Corporate securities including public utilities 233,143,391 3,467,771 (9,039,301 ) (179,500 ) 227,392,361 Mortgage-backed securities 33,859,690 203,490 (4,209,488 ) - 29,853,692 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 369,382,018 $ 4,002,139 $ (15,634,130 ) $ (179,500 ) $ 357,570,527 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Total equity securities at estimated fair value $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Mortgage loans held for investment at amortized cost: Residential $ 94,471,213 Residential construction 146,093,947 Commercial 50,807,452 Less: Unamortized deferred loan fees, net (1,752,369 ) Less: Allowance for credit losses (2,735,419 ) Less: Net discounts (338,185 ) Total mortgage loans held for investment $ 286,546,639 Real estate held for investment - net of accumulated depreciation: Residential $ 35,358,867 Commercial 151,718,145 Total real estate held for investment $ 187,077,012 Real estate held for sale: Residential $ 7,238,709 Commercial 151,553 Total real estate held for sale $ 7,390,262 Other investments and policy loans at amortized cost: Policy loans $ 13,012,347 Insurance assignments 45,573,831 Federal Home Loan Bank stock (2) 3,896,800 Other investments 9,421,702 Less: Allowance for credit losses for insurance assignments (1,685,901 ) Total other investments and policy loans $ 70,218,779 Accrued investment income $ 9,427,239 Total investments $ 930,584,465 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,100 2,918,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The Company’s investments as of December 31, 2022 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 93,182,210 $ 180,643 $ (2,685,277 ) $ 90,677,576 Obligations of states and political subdivisions 6,675,071 13,869 (458,137 ) 6,230,803 Corporate securities including public utilities 229,141,544 1,909,630 (11,930,773 ) 219,120,401 Mortgage-backed securities 33,501,686 168,700 (4,100,674 ) 29,569,712 Redeemable preferred stock 250,000 10,000 - 260,000 Total fixed maturity securities available for sale $ 362,750,511 $ 2,282,842 $ (19,174,861 ) $ 345,858,492 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Total equity securities at estimated fair value $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Mortgage loans held for investment at amortized cost: Residential $ 93,355,623 Residential construction 172,516,125 Commercial 46,311,955 Less: Unamortized deferred loan fees, net (1,746,605 ) Less: Allowance for credit losses (1,970,311 ) Less: Net discounts (342,860 ) Total mortgage loans held for investment $ 308,123,927 Real estate held for investment - net of accumulated depreciation: Residential $ 38,437,960 Commercial 152,890,656 Total real estate held for investment $ 191,328,616 Real estate held for sale: Residential $ 11,010,029 Commercial 151,553 Total real estate held for sale $ 11,161,582 Other investments and policy loans at amortized cost: Policy loans $ 13,095,473 Insurance assignments 46,942,536 Federal Home Loan Bank stock (1) 2,600,300 Other investments 9,479,798 Less: Allowance for credit losses for insurance assignments (1,609,951 ) Total other investments and policy loans $ 70,508,156 Accrued investment income $ 10,299,826 Total investments $ 948,963,125 (1) Includes $ 938,500 1,661,800
Schedule of Fair Value of Fixed Maturity Securities	Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Combined Fair Value At March 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 644,240 $ 53,196,137 $ 1,403,155 $ 29,019,470 $ 2,047,395 $ 82,215,607 Obligations of States and Political Subdivisions 204,976 4,644,270 132,970 1,213,482 337,946 5,857,752 Corporate Securities 5,315,889 123,534,510 3,723,412 26,399,408 9,039,301 149,933,918 Mortgage and other asset-backed securities 586,825 6,984,005 3,622,663 19,465,113 4,209,488 26,449,118 Totals $ 6,751,930 $ 188,358,922 $ 8,882,200 $ 76,097,473 $ 15,634,130 $ 264,456,395 At December 31, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of States and Political Subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate Securities 10,935,114 162,995,969 995,659 5,781,822 11,930,773 168,777,791 Mortgage and other asset-backed securities 2,884,731 19,909,907 1,215,943 6,978,745 4,100,674 26,888,652 Totals $ 16,883,189 $ 267,774,539 $ 2,291,672 $ 13,189,587 $ 19,174,861 $ 280,964,126
Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale	The following table presents a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale: Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale Three Months Ended March 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies Obligations of states and political subdivisions Corporate securities Mortgage-backed securities Total Beginning balance $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - - - - Reductions for securities sold during the period - - - - - Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance $ - $ - $ 179,500 $ - $ 179,500
Schedule of Earnings on Fixed Maturity Securities	The following table presents a roll forward of the Company’s cumulative other than temporary credit impairments (“OTTI”) recognized in earnings on fixed maturity securities available for sale which was required to be presented prior to the adoption of ASU 2016-13. Schedule of Earnings on Fixed Maturity Securities 2022 Balance of credit-related OTTI at January 1 $ 264,977 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 March 31 $ 225,475
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and the estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 18,103,991 $ 18,032,556 Due in 2-5 years 149,458,111 145,781,675 Due in 5-10 years 81,699,121 80,082,902 Due in more than 10 years 86,011,105 83,559,702 Mortgage-backed securities 33,859,690 29,853,692 Redeemable preferred stock 250,000 260,000 Total $ 369,382,018 $ 357,570,527
Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation	The following table summarizes the credit quality, as determined by NAIC designation, of the Company’s fixed maturity securities available for sale, excluding redeemable preferred stock. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation March 31, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 202,589,256 $ 197,298,515 $ 197,753,818 $ 189,691,540 2 159,006,458 153,332,558 156,261,804 148,073,873 3 6,036,229 5,540,009 7,080,305 6,635,786 4 1,472,550 1,098,745 1,377,541 1,157,454 5 26,236 40,316 25,736 39,155 6 1,289 384 1,307 684 Total $ 369,132,018 $ 357,310,527 $ 362,500,511 $ 345,598,492
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 2023 2022 Three Months Ended March 31 2023 2022 Proceeds from sales $ 1,209,844 $ 455,651 Gross realized gains 15,490 2,354 Gross realized losses (54,104 ) (20 ) 2023 2022 Three Months Ended March 31 2023 2022 Fixed maturity securities available for sale $ 4,012,732 $ 2,636,216 Equity securities 140,507 123,037 Mortgage loans held for investment 8,487,656 7,960,178 Real estate held for investment and sale 3,364,924 3,040,033 Policy loans 200,213 306,282 Insurance assignments 4,768,203 5,396,987 Other investments 129,056 70,645 Cash and cash equivalents 787,762 75,301 Gross investment income 21,891,053 19,608,679 Investment expenses (4,116,170 ) (4,414,373 ) Net investment income $ 17,774,883 $ 15,194,306
Schedule of Commercial Real Estate Investment	The Company’s commercial real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage March 31 December 31 2022 March 31 December 31 2022 Utah (1) $ 146,397,779 $ 147,627,946 625,920 625,920 Louisiana 2,369,405 2,380,847 31,778 31,778 Mississippi 2,950,961 2,881,863 19,694 19,694 $ 151,718,145 $ 152,890,656 677,392 677,392 (1) Includes Center53 phase 1 and phase 2 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value March 31 December 31 2022 Mississippi (1) $ 151,553 $ 151,553 $ 151,553 $ 151,553 (1) Consists of 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 as of the respective dates indicated: Schedule of Residential Real Estate Investment Net Book Value March 31 December 31 2022 Utah (1) $ 35,358,867 $ 38,437,960 $ 35,358,867 $ 38,437,960 (1) Includes subdivision land developments The following table presents additional information regarding the Company’s subdivision land developments in Utah. March 31 December 31 2022 Lots developed 67 80 Lots to be developed 1,123 1,131 Book Value $ 34,825,972 $ 38,241,705 The Company’s residential real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value March 31 December 31 2022 Utah $ 7,238,709 $ 11,010,029 $ 7,238,709 $ 11,010,029
Schedule of Real Estate Owned and Occupied by the Company	The primary business units of the Company occupy a portion of the real estate owned by the Company. As of March 31, 2023, 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 Ascension Way, Floors 4, 5 and 6, Salt Lake City, UT - Center53 Building 2 (1) Corporate Offices, Life Insurance, Cemetery/Mortuary Operations, and Mortgage Operations and Sales 221,000 50 % 1044 River Oaks Dr., Flowood, MS (1) Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (2) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (2) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (2) Life Insurance Sales 1,737 100 % (1) Included in real estate held for investment on the condensed consolidated balance sheets (2) Included in property and equipment on the condensed consolidated balance sheets
Schedule of Allowance for Loan Losses	The following table presents a roll forward of the allowance for credit losses as of the dates indicated. Schedule of Allowance for Loan Losses Commercial Residential Residential Construction Total March 31, 2023 Allowance for credit losses: Beginning balance - January 1, 2023 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) 555,807 (192,607 ) 301,830 665,030 (1) Change in provision for credit losses 15,195 137,727 (52,844 ) 100,078 (2) Charge-offs - - - - Ending balance - March 31, 2023 $ 758,131 $ 1,685,100 $ 292,188 $ 2,735,419 December 31, 2022 Allowance for credit losses: Beginning balance - January 1, 2022 $ 187,129 $ 1,469,571 $ 43,202 $ 1,699,902 Change in provision for credit losses - 270,409 - 270,409 (2) Charge-offs - - - - Ending balance - December 31, 2022 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 (1) See Note 2 of the notes to the condensed consolidated financial statements (2) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Aging of Mortgage Loans	The following table presents the aging of mortgage loans held for investment by loan type as of the dates indicated. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total March 31, 2023 30-59 days past due $ 3,221,608 $ 5,807,400 $ 1,205,232 $ 10,234,240 60-89 days past due - - - - Over 90 days past due (1) 405,000 2,224,933 - 2,629,933 In process of foreclosure (1) - 713,552 - 713,552 Total past due 3,626,608 8,745,885 1,205,232 13,577,725 Current 47,180,844 85,725,328 144,888,715 277,794,887 Total mortgage loans 50,807,452 94,471,213 146,093,947 291,372,612 Allowance for credit losses (758,131 ) (1,685,100 ) (292,188 ) (2,735,419 ) Unamortized deferred loan fees, net (224,118 ) (1,258,174 ) (270,077 ) (1,752,369 ) Unamortized discounts, net (227,417 ) (110,768 ) - (338,185 ) Net mortgage loans $ 49,597,786 $ 91,417,171 $ 145,531,682 $ 286,546,639 December 31, 2022 30-59 days past due $ 1,000,000 $ 3,553,390 $ - $ 4,553,390 60-89 days past due - 814,184 - 814,184 Over 90 days past due (1) - 1,286,211 - 1,286,211 In process of foreclosure (1) 405,000 876,174 - 1,281,174 Total past due 1,405,000 6,529,959 - 7,934,959 Current 44,906,955 86,825,664 172,516,125 304,248,744 Total mortgage loans 46,311,955 93,355,623 172,516,125 312,183,703 Allowance for credit losses (187,129 ) (1,739,980 ) (43,202 ) (1,970,311 ) Unamortized deferred loan fees, net (199,765 ) (1,212,994 ) (333,846 ) (1,746,605 ) Unamortized discounts, net (230,987 ) (111,873 ) - (342,860 ) Net mortgage loans $ 45,694,074 $ 90,290,776 $ 172,139,077 $ 308,123,927 (1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure.
Schedule of Commercial Mortgage Loans By Credit Quality Indicator	The unpaid principal balance of commercial mortgage loans by credit quality indicator and vintage year was as follows as of March 31, 2023: Schedule of Commercial Mortgage Loans By Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total LTV: Less than 65% $ 8,525,000 $ 14,383,954 $ 3,842,851 $ - $ 3,025,549 $ 7,009,216 $ 36,786,570 72.40 % 65% to 80% - 6,073,044 2,100,000 4,913,313 - - 13,086,357 25.76 % Greater than 80% - 529,525 405,000 - - - 934,525 1.84 % Total $ 8,525,000 $ 20,986,523 $ 6,347,851 $ 4,913,313 $ 3,025,549 $ 7,009,216 $ 50,807,452 100.00 % DSCR >1.20x $ 5,725,000 $ 1,000,000 $ 2,800,000 $ 4,913,313 $ 3,025,549 $ 1,507,378 $ 18,971,240 37.34 % 1.00x - 1.20x 2,800,000 11,425,114 3,547,851 - - 5,501,838 23,274,803 45.81 % <1.00x - 8,561,409 (1) - - - - 8,561,409 16.85 % Total $ 8,525,000 $ 20,986,523 $ 6,347,851 $ 4,913,313 $ 3,025,549 $ 7,009,216 $ 50,807,452 100.00 % (1) Commercial construction loan The Company evaluates and monitors the credit quality of its residential mortgage loans by analyzing loan performance. The Company defines non-performing mortgage loans as loans 90 days or greater delinquent and on a non-accrual status. Monitoring a residential mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The unpaid principal balance of residential mortgage loans by credit quality indicator and vintage year was as follows as of March 31, 2023: Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total Performance Indicators: Performing $ 5,386,918 $ 53,760,980 $ 6,923,101 $ 8,466,520 $ 3,264,494 $ 13,730,714 $ 91,532,727 96.89 % Non-performing (1) - 1,104,327 366,646 - 353,092 1,114,421 2,938,486 3.11 % Total $ 5,386,918 $ 54,865,307 $ 7,289,747 $ 8,466,520 $ 3,617,586 $ 14,845,135 $ 94,471,213 100.00 % (1) Includes residential mortgage loans in the process of foreclosure of $ 713,552
Schedule of Residential Construction Mortgage Loans	The unpaid principal balance of residential construction mortgage loans by credit quality indicator and vintage year was as follows as of March 31, 2023: Schedule of Residential Construction Mortgage Loans Credit Quality Indicator 2023 2022 2021 Total % of Total Performance Indicators: Performing $ 12,541,324 $ 87,110,137 $ 46,442,486 $ 146,093,947 100.00 % Non-performing - - - - 0.00 % Total $ 12,541,324 $ 87,110,137 $ 46,442,486 $ 146,093,947 100.00 % LTV: Less than 65% $ 9,072,543 $ 51,392,028 $ 8,626,153 $ 69,090,724 47.29 % 65% to 80% 3,468,781 33,790,358 21,588,236 58,847,375 40.28 % Greater than 80% - 1,927,751 16,228,097 18,155,848 12.43 % Total $ 12,541,324 $ 87,110,137 $ 46,442,486 $ 146,093,947 100.00 %
Schedule of Aging of Insurance Assignments	The following table presents the aging of insurance assignments, included in other investments and policy loans on the condensed consolidated balance sheets. Schedule of Aging of Insurance Assignments As of As of 30-59 days past due $ 9,554,122 $ 10,621,443 60-89 days past due 4,043,444 3,997,484 Over 90 days past due 5,791,483 5,813,013 Total past due 19,389,049 20,431,941 Current 26,184,781 26,510,594 Total insurance assignments 45,573,831 46,942,536 Allowance for credit losses (1,685,901 ) (1,609,951 ) Net insurance assignments $ 43,887,930 $ 45,332,585
Schedule of Allowance for Credit Losses	The following table presents a roll forward of the allowance for credit losses as a contra-asset account for insurance assignments. Schedule of Allowance for Credit Losses Allowance Beginning balance - January 1, 2023 $ 1,609,951 Change in provision for credit losses 233,113 (1) Charge-offs (157,163 ) Ending balance - March 31, 2023 $ 1,685,901 Beginning balance - January 1, 2022 $ 1,686,218 Change in provision for credit losses 889,480 (1) Charge-offs (965,747 ) Ending balance - December 31, 2022 $ 1,609,951 (1) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Gain (Loss) on Investments	The following table presents the realized gains and losses from sales, calls, and maturities, and unrealized gains and losses on equity securities from investments and other assets. Schedule of Gain (Loss) on Investments 2023 2022 Three Months Ended March 31 2023 2022 Fixed maturity securities: Gross realized gains $ 15,491 $ 46,123 Gross realized losses (54,891 ) (930 ) Net credit loss (provision) release (179,500 ) - Equity securities: Gains (losses) on securities sold (52,315 ) (10,279 ) Unrealized gains and (losses) on securities held at the end of the period 331,430 (607,047 ) Real estate held for investment and sale: Gross realized gains - 385,366 Gross realized losses - (94,400 ) Other assets, including call and put option derivatives: Gross realized gains 50,939 453,142 Gross realized losses - - Total $ 111,154 $ 171,975
Schedule of Accrued Investment Income	Accrued investment income consists of the following: Schedule of Accrued Investment Income As of As of Fixed maturity securities available for sale $ 3,841,931 $ 3,563,767 Equity securities 18,362 14,496 Mortgage loans held for investment 2,710,149 3,220,709 Real estate held for investment 2,809,671 3,455,305 Policy Loans 45,221 37,951 Cash and cash equivalents 1,905 7,598 Total accrued investment income $ 9,427,239 $ 10,299,826

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2023
Loans Held For Sale
Schedule of Aggregate Fair Value Loans Held for Sale	The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale: Schedule of Aggregate Fair Value Loans Held for Sale As of As of Aggregate fair value $ 173,015,404 $ 141,179,620 Unpaid principal balance 172,407,557 141,337,811 Unrealized gain (loss) 607,847 (158,191 )
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 March 31 2023 2022 Loan fees $ 4,388,414 $ 7,087,182 Interest income 2,007,058 2,031,869 Secondary gains 17,961,358 39,602,614 Change in fair value of loan commitments 677,952 2,675,371 Change in fair value of loans held for sale 794,614 (2,746,565 ) Provision for loan loss reserve 159,610 (306,026 ) Mortgage fee income $ 25,989,006 $ 48,344,445
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 $ 1,725,667 $ 2,447,139 Provision on current loan originations (1) 239,801 1,078,812 Charge-offs, net of recaptured amounts (632,783 ) (1,800,284 ) Balance, end of period $ 1,332,685 $ 1,725,667 (1) Included in mortgage fee income

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Activity of Stock Option Plans	Activity of the stock option plans during the three month period ended March 31, 2023, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2023 976,605 $ 4.78 1,157,203 $ 5.59 Granted 16,000 - Exercised (90,705 ) - Cancelled - - Outstanding at March 31, 2023 901,900 $ 4.92 1,157,203 $ 5.59 As of March 31, 2023: Options exercisable 827,025 $ 4.76 935,953 $ 5.36 As of March 31, 2023: Available options for future grant 155,133 795,000 Weighted average contractual term of options outstanding at March 31, 2023 4.60 6.66 Weighted average contractual term of options exercisable at March 31, 2023 4.14 6.20 Aggregated intrinsic value of options outstanding at March 31, 2023 (1) $ 1,182,602 $ 741,380 Aggregated intrinsic value of options exercisable at March 31, 2023 (1) $ 1,214,210 $ 812,293 (1) The Company used a stock price of $ 6.23 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 5) Stock Compensation Plans (Continued) Activity of the stock option plans during the three month period ended March 31, 2022, is summarized as follows: Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.61 821,146 $ 5.48 Granted 4,000 - Exercised (50,968 ) - Cancelled - - Outstanding at March 31, 2022 977,383 $ 4.77 821,146 $ 5.48 As of March 31, 2022: Options exercisable 906,258 $ 4.46 648,646 $ 4.67 As of March 31, 2022: Available options for future grant 228,376 16,689 Weighted average contractual term of options outstanding at March 31, 2022 4.44 7.00 Weighted average contractual term of options exercisable at March 31, 2022 4.03 6.57 Aggregated intrinsic value of options outstanding at March 31, 2022 (1) $ 5,115,622 $ 3,666,085 Aggregated intrinsic value of options exercisable at March 31, 2022 (1) $ 5,017,469 $ 3,460,285 (1) The Company used a stock price of $ 10.00
Schedule of Activity Restricted Stock Units	Activity of the RSUs during the three month period ended March 31, 2023 is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 1,620 $ 6.48 Granted - Vested - Non-vested at March 31, 2023 1,620 $ 6.48 Available RSUs for future grant $ 18,380 Aggregated intrinsic value of RSUs outstanding at March 31, 2023 (1) $ - (1) The Company used a stock price of $ 6.23

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted Three Months Ended 2023 2022 Numerator: Net earnings $ 1,240,172 $ 3,228,718 Denominator: Basic weighted-average shares outstanding 21,080,549 21,381,988 Effect of dilutive securities: Employee stock options 531,486 884,485 Diluted weighted-average shares outstanding 21,612,035 22,266,473 Basic net earnings per share $ 0.06 $ 0.15 Diluted net earnings per share $ 0.06 $ 0.15
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, 2021 17,642,722 2,866,565 Exercise of stock options 50,223 - Conversion of Class C to Class A 207 (207 ) Outstanding shares at March 31, 2022 17,693,152 2,866,358 Outstanding shares at December 31, 2022 18,758,031 2,889,859 Common stock, shares, outstanding, beginning 18,758,031 2,889,859 Exercise of stock options 48,046 - Conversion of Class C to Class A 936 (936 ) Outstanding shares at March 31, 2023 18,807,013 2,888,923 Common stock, shares, outstanding, ending 18,807,013 2,888,923

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenues and Expenses by Reportable Segment	Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Eliminations Consolidated For the Three Months Ended March 31, 2023 Revenues from external customers $ 45,415,297 $ 7,198,396 $ 26,887,041 $ - $ 79,500,734 Intersegment revenues 1,510,028 83,836 123,699 (1,717,563 ) - Segment profit (loss) before income taxes 3,683,735 1,784,592 (3,883,439 ) - 1,584,888 Identifiable Assets 1,308,954,075 87,354,333 152,745,312 (111,225,073 ) 1,437,828,647 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,311,719,645 89,842,546 152,745,312 (111,225,073 ) 1,443,082,430 For the Three Months Ended March 31, 2022 Revenues from external customers $ 41,501,809 $ 7,463,194 $ 53,460,904 $ - $ 102,425,907 Intersegment revenues 1,695,779 182,589 74,709 (1,953,077 ) - Segment profit before income taxes 816,485 2,020,317 1,606,714 - 4,443,516 Identifiable Assets 1,241,160,139 77,002,286 295,671,662 (99,284,078 ) 1,514,550,009 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets 1,243,925,709 79,490,499 295,671,662 (99,284,078 ) 1,519,803,792

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at March 31, 2023. 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 $ 357,570,527 $ - $ 356,135,008 $ 1,435,519 Equity securities 12,354,007 12,354,007 - - Loans held for sale 173,015,404 - - 173,015,404 Restricted assets (1) 1,217,307 - 1,217,307 - Restricted assets (2) 5,660,427 5,660,427 - - Cemetery perpetual care trust investments (1) 256,422 - 256,422 - Cemetery perpetual care trust investments (2) 3,691,958 3,691,958 - - Derivatives - loan commitments (3) 6,560,948 - - 6,560,948 Total assets accounted for at fair value on a recurring basis $ 560,327,000 $ 21,706,392 $ 357,608,737 $ 181,011,871 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) Derivatives - put options (4) Derivatives - loan commitments (4) (3,176,119 ) - - (3,176,119 ) Total liabilities accounted for at fair value on a recurring basis $ (3,176,119 ) $ - $ - $ (3,176,119 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 8) Fair Value of Financial Instruments (Continued) The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet at December 31, 2022. 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 $ 345,858,492 $ - $ 344,422,973 $ 1,435,519 Equity securities 11,682,526 11,682,526 - - Loans held for sale 141,179,620 - - 141,179,620 Restricted assets (1) 1,217,308 - 1,217,308 - Restricted assets (1) 1,217,308 - 1,217,308 - Restricted assets (2) 5,348,244 5,348,244 - - Restricted assets (2) 5,348,244 5,348,244 - - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - Derivatives - loan commitments (3) 4,089,856 - - 4,089,856 Derivatives - loan commitments (3) 4,089,856 - - 4,089,856 Total assets accounted for at fair value on a recurring basis $ 513,235,939 $ 20,635,932 $ 345,895,012 $ 146,704,995 Liabilities accounted for at fair value on a recurring basis Derivatives - call options (4) $ (29,715 ) $ (29,715 ) $ - $ - Derivatives - put options (4) (13,888 ) (13,888 ) - - Derivatives - loan commitments (4) (1,382,979 ) - - (1,382,979 ) Derivatives - call options (4) $ (29,715 ) $ (29,715 ) $ - $ - Derivatives - put options (4) (13,888 ) (13,888 ) - - Derivatives - loan commitments (4) (1,382,979 ) - - (1,382,979 ) Total liabilities accounted for at fair value on a recurring basis $ (1,426,582 ) $ (43,603 ) $ - $ (1,382,979 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets
Assets and Liabilities Measured at Fair Value on A Recurring Basis	For Level 3 assets and liabilities measured at fair value on a recurring basis as of March 31, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Assets and Liabilities Measured at Fair Value on A Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 3/31/2023 Technique Input(s) Value Value Average Loans held for sale $ 173,015,404 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 111.0 % 100.0 % Derivatives - loan commitments (net) 3,384,829 Market approach Pull-through rate 65.0 % 95.0 % 85.0 % Initial-Value N/A N/A N/A Servicing 0 bps 149 bps 45 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97 For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, 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 12/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 141,179,620 Market approach Investor contract pricing as a percentage of unpaid principal balance 69.9 % 106.1 % 99.8 % Derivatives - loan commitments (net) 2,706,877 Market approach Pull-through rate 65.0 % 95.0 % 82.2 % Initial-Value N/A N/A N/A Servicing 0 bps 153 bps 73 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97
Schedule of Changes in the Condensed Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs	The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three month periods ended March 31, 2023: Schedule of Changes in the Condensed Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations and purchases - 531,867,796 - Sales, maturities and paydowns - (511,909,942 ) - Total gains (losses): Included in earnings 677,952 (1) 11,877,930 (1) - (2) Included in other comprehensive income - - - Balance - March 31, 2023 $ 3,384,829 $ 173,015,404 $ 1,435,519 (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 month periods ended March 31, 2022: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations and purchases - 1,039,216,582 - Sales, maturities and paydowns - (1,132,085,830 ) (11,950 ) Total gains (losses): Included in earnings 2,675,371 (1) 24,105,293 (1) 961 (2) Included in other comprehensive income - - (587 ) Balance - March 31, 2022 $ 9,690,886 $ 234,012,872 $ 2,011,772 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings
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 December 31, 2022. Schedule of Fair Value Assets Measured on a Nonrecurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a nonrecurring basis Impaired mortgage loans held for investment $ 794,224 $ - $ - $ 794,224 Total assets accounted for at fair value on a nonrecurring basis $ 794,224 $ - $ - $ 794,224
Schedule of Financial Instruments Carried at Other Than Fair Value	The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of March 31, 2023: 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 $ 91,417,171 $ - $ - $ 89,949,922 $ 89,949,922 Residential construction 145,531,682 - - 145,531,682 145,531,682 Commercial 49,597,786 - - 48,049,451 48,049,451 Mortgage loans held for investment, net $ 286,546,639 $ - $ - $ 283,531,055 $ 283,531,055 Policy loans 13,012,347 - - 13,012,347 13,012,347 Insurance assignments, net (1) 43,887,930 - - 43,887,930 43,887,930 Restricted assets (2) 2,936,896 - - 2,936,896 2,936,896 Cemetery perpetual care trust investments (2) 2,709,339 - - 2,709,339 2,709,339 Mortgage servicing rights, net 3,166,133 - - 4,164,686 4,164,686 Liabilities Bank and other loans payable $ (138,391,846 ) $ - $ - $ (138,391,846 ) $ (138,391,846 ) Policyholder account balances (3) (40,865,405 ) - - (41,529,360 ) (41,529,360 ) Future policy benefits - annuities (3) (106,474,611 ) - - (128,238,451 ) (128,238,451 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (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, 2022: Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 90,290,776 $ - $ - $ 88,575,293 $ 88,575,293 Residential construction 172,139,077 - - 172,139,077 172,139,077 Commercial 45,694,074 - - 44,079,537 44,079,537 Mortgage loans held for investment, net $ 308,123,927 $ - $ - $ 304,793,907 $ 304,793,907 Policy loans 13,095,473 - - 13,095,473 13,095,473 Insurance assignments, net (1) 45,332,585 - - 45,332,585 45,332,585 Restricted assets (2) 1,731,469 - - 1,731,469 1,731,469 Cemetery perpetual care trust investments (2) 1,506,517 - - 1,506,517 1,506,517 Mortgage servicing rights, net 3,039,765 - - 3,927,877 3,927,877 Liabilities Bank and other loans payable $ (161,712,804 ) $ - $ - $ (161,712,804 ) $ (161,712,804 ) Policyholder account balances (3) (41,146,171 ) - - (42,181,089 ) (42,181,089 ) Future policy benefits - annuities (3) (106,637,094 ) - - (126,078,031 ) (126,078,031 ) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value March 31, 2023 December 31, 2022 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 $ 441,138,434 $ 6,560,948 $ 3,176,119 $ 453,371,808 $ 4,089,859 $ 1,382,979 Call options Other liabilities - - - 868,600 - 29,715 Put options Other liabilities - - - 654,500 - 13,888 Total $ 441,138,434 $ 6,560,948 $ 3,176,119 $ 454,894,908 $ 4,089,859 $ 1,426,582
Schedule of Gains and Losses on Derivatives	The following table presents the gains on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Three Months Ended March 31 Derivative Classification 2023 2022 Loan commitments Mortgage fee income $ 677,952 $ 2,675,371 Call and put options Gains on investments and other assets $ 49,963 $ 61,195

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Mortgage Servicing Rights	The following table presents the MSR activity. Schedule of Mortgage Servicing Rights As of March 31 As of December 31 Amortized cost: Balance before valuation allowance at beginning of year $ 3,039,765 $ 53,060,455 MSR additions resulting from loan sales (1) 287,710 10,243,922 Amortization (2) (161,342 ) (9,078,706 ) Sale of MSRs - (51,185,906 ) Application of valuation allowance to write down MSRs with other than temporary impairment - - Balance before valuation allowance at end of period $ 3,166,133 $ 3,039,765 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 $ 3,166,133 $ 3,039,765 Estimated fair value of MSRs at end of period $ 4,164,686 $ 3,927,877 (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 March 31, 2023 valuation of MSRs. The assumptions underlying the following estimate will change as market conditions and portfolio composition and behavior change, causing both actual and projected amortization levels to change over time. Therefore, the following estimates will change in a manner and amount not presently determinable by management. Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2023 345,340 2024 309,193 2025 277,298 2026 246,874 2027 221,541 Thereafter 1,765,887 Total $ 3,166,133
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 2023 2022 Three Months Ended 2023 2022 Contractual servicing fees $ 410,400 $ 4,506,260 Late fees 49,313 100,038 Total $ 459,713 $ 4,606,298
Summary of Unpaid Principal Balances of the Servicing Portfolio	The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio As of March 31 As of December 31 Servicing UPB $ 376,394,059 $ 360,023,384
Schedule of Assumptions Used in Determining MSR Value	The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount March 31, 2023 8.80 8.10 11.78 December 31, 2022 8.12 8.49 11.95

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2023
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 (1/1/2023) $ 5,392,779 $ - $ 16,226,836 Closing (3/31/2023) 5,145,833 - 16,583,024 Increase/(decrease) (246,946 ) - 356,188 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (12/31/2022) 5,392,779 - 16,226,836 Increase/(decrease) 94,143 - 1,718,814 (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 2023 2022 Three Months Ended 2023 2022 Major goods/service lines At-need $ 5,154,036 $ 5,866,878 Pre-need 1,317,393 1,338,843 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721 Timing of Revenue Recognition Goods transferred at a point in time $ 4,029,666 $ 4,180,545 Services transferred at a point in time 2,441,763 3,025,176 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721
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 2023 2022 Three Months Ended 2023 2022 Net mortuary and cemetery sales $ 6,471,429 $ 7,205,721 Gains (losses) on investments and other assets 53,931 (254,525 ) Net investment income 601,491 496,459 Other revenues 71,545 15,539 Revenues from external customers 7,198,396 7,463,194

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: Schedule of Receivables As of March 31, 2023 As of December 31, 2022 Contracts with customers $ 5,145,833 $ 5,392,779 Receivables from sales agents 2,254,183 2,209,185 Other 10,844,499 23,200,919 Total receivables 18,244,515 30,802,883 Allowance for doubtful accounts (1,867,124 ) (2,229,791 ) Net receivables $ 16,377,391 $ 28,573,092
Schedule of Allowance Credit Losses	The following table presents a roll forward of the allowance for credit losses. Schedule of Allowance Credit Losses Allowance Beginning balance - January 1, 2023 $ 2,229,791 Change in provision for credit losses (318,664 )(1) Charge-offs (44,003 ) Ending balance - March 31, 2023 $ 1,867,124 Beginning balance - January 1, 2022 $ 1,800,725 Change in provision for credit losses 799,888 (1) Charge-offs (370,822 ) Ending balance - December 31, 2022 $ 2,229,791 (1) Included in other expenses on the condensed consolidated statements of earnings

Cemetery Perpetual Care Trust_2

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The Company’s investments as of March 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 95,362,166 $ 305,924 $ (2,047,395 ) $ - $ 93,620,695 Obligations of states and political subdivisions 6,766,771 14,954 (337,946 ) - 6,443,779 Corporate securities including public utilities 233,143,391 3,467,771 (9,039,301 ) (179,500 ) 227,392,361 Mortgage-backed securities 33,859,690 203,490 (4,209,488 ) - 29,853,692 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 369,382,018 $ 4,002,139 $ (15,634,130 ) $ (179,500 ) $ 357,570,527 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Total equity securities at estimated fair value $ 10,356,783 $ 2,741,720 $ (744,496 ) $ 12,354,007 Mortgage loans held for investment at amortized cost: Residential $ 94,471,213 Residential construction 146,093,947 Commercial 50,807,452 Less: Unamortized deferred loan fees, net (1,752,369 ) Less: Allowance for credit losses (2,735,419 ) Less: Net discounts (338,185 ) Total mortgage loans held for investment $ 286,546,639 Real estate held for investment - net of accumulated depreciation: Residential $ 35,358,867 Commercial 151,718,145 Total real estate held for investment $ 187,077,012 Real estate held for sale: Residential $ 7,238,709 Commercial 151,553 Total real estate held for sale $ 7,390,262 Other investments and policy loans at amortized cost: Policy loans $ 13,012,347 Insurance assignments 45,573,831 Federal Home Loan Bank stock (2) 3,896,800 Other investments 9,421,702 Less: Allowance for credit losses for insurance assignments (1,685,901 ) Total other investments and policy loans $ 70,218,779 Accrued investment income $ 9,427,239 Total investments $ 930,584,465 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,100 2,918,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 3) Investments The Company’s investments as of December 31, 2022 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 93,182,210 $ 180,643 $ (2,685,277 ) $ 90,677,576 Obligations of states and political subdivisions 6,675,071 13,869 (458,137 ) 6,230,803 Corporate securities including public utilities 229,141,544 1,909,630 (11,930,773 ) 219,120,401 Mortgage-backed securities 33,501,686 168,700 (4,100,674 ) 29,569,712 Redeemable preferred stock 250,000 10,000 - 260,000 Total fixed maturity securities available for sale $ 362,750,511 $ 2,282,842 $ (19,174,861 ) $ 345,858,492 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Total equity securities at estimated fair value $ 9,942,265 $ 2,688,375 $ (948,114 ) $ 11,682,526 Mortgage loans held for investment at amortized cost: Residential $ 93,355,623 Residential construction 172,516,125 Commercial 46,311,955 Less: Unamortized deferred loan fees, net (1,746,605 ) Less: Allowance for credit losses (1,970,311 ) Less: Net discounts (342,860 ) Total mortgage loans held for investment $ 308,123,927 Real estate held for investment - net of accumulated depreciation: Residential $ 38,437,960 Commercial 152,890,656 Total real estate held for investment $ 191,328,616 Real estate held for sale: Residential $ 11,010,029 Commercial 151,553 Total real estate held for sale $ 11,161,582 Other investments and policy loans at amortized cost: Policy loans $ 13,095,473 Insurance assignments 46,942,536 Federal Home Loan Bank stock (1) 2,600,300 Other investments 9,479,798 Less: Allowance for credit losses for insurance assignments (1,609,951 ) Total other investments and policy loans $ 70,508,156 Accrued investment income $ 10,299,826 Total investments $ 948,963,125 (1) Includes $ 938,500 1,661,800
Schedule of Fair Value of Fixed Maturity Securities	Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Combined Fair Value At March 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 644,240 $ 53,196,137 $ 1,403,155 $ 29,019,470 $ 2,047,395 $ 82,215,607 Obligations of States and Political Subdivisions 204,976 4,644,270 132,970 1,213,482 337,946 5,857,752 Corporate Securities 5,315,889 123,534,510 3,723,412 26,399,408 9,039,301 149,933,918 Mortgage and other asset-backed securities 586,825 6,984,005 3,622,663 19,465,113 4,209,488 26,449,118 Totals $ 6,751,930 $ 188,358,922 $ 8,882,200 $ 76,097,473 $ 15,634,130 $ 264,456,395 At December 31, 2022 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of States and Political Subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate Securities 10,935,114 162,995,969 995,659 5,781,822 11,930,773 168,777,791 Mortgage and other asset-backed securities 2,884,731 19,909,907 1,215,943 6,978,745 4,100,674 26,888,652 Totals $ 16,883,189 $ 267,774,539 $ 2,291,672 $ 13,189,587 $ 19,174,861 $ 280,964,126
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and the estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 18,103,991 $ 18,032,556 Due in 2-5 years 149,458,111 145,781,675 Due in 5-10 years 81,699,121 80,082,902 Due in more than 10 years 86,011,105 83,559,702 Mortgage-backed securities 33,859,690 29,853,692 Redeemable preferred stock 250,000 260,000 Total $ 369,382,018 $ 357,570,527
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Fair Value of Fixed Maturity Securities	The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at March 31, 2023 and at December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations and inflation. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At March 31, 2023 Obligations of states and political subdivisions $ 2,670 $ 338,301 $ 9,767 $ 500,955 $ 12,436 $ 839,256 Corporate securities including public utilities 1,620 198,923 - - 1,620 198,923 Total unrealized losses $ 4,290 $ 537,225 $ 9,767 $ 500,955 $ 14,056 $ 1,038,179 At December 31, 2022 Obligations of states and political subdivisions $ 11,891 $ 760,255 $ 3,469 $ 58,072 $ 15,360 $ 818,327 Corporate securities including public utilities 3,016 198,755 - - 3,016 198,755 Total unrealized losses $ 14,907 $ 959,010 $ 3,469 $ 58,072 $ 18,376 $ 1,017,082
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ - $ - Due in 2-5 years 318,067 311,893 Due in 5-10 years 153,284 151,610 Due in more than 10 years 759,334 753,804 Total $ 1,230,685 $ 1,217,307
Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	Restricted assets as of March 31, 2023, are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,030,141 $ 679 $ (12,436 ) $ - $ 1,018,384 Corporate securities including public utilities 200,543 - (1,620 ) - 198,923 Total fixed maturity securities available for sale $ 1,230,685 $ 679 $ (14,056 ) $ - $ 1,217,307 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 5,241,033 $ 692,339 $ (272,945 ) $ 5,660,427 Total equity securities at estimated fair value $ 5,241,033 $ 692,339 $ (272,945 ) $ 5,660,427 Mortgage loans held for investment at amortized cost: Residential construction $ 2,936,896 Less: Allowance for credit losses $ (5,874 ) Total mortgage loans held for investment $ 2,931,023 Cash and cash equivalents (1) $ 9,228,113 Total restricted assets $ 19,036,870 (1) Including cash and cash equivalents of $ 8,232,615 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Restricted assets as of December 31, 2022, are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,033,047 $ 866 $ (15,360 ) $ 1,018,553 Corporate securities including public utilities 201,771 - (3,016 ) 198,755 Total fixed maturity securities available for sale $ 1,234,818 $ 866 $ (18,376 ) $ 1,217,308 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Total equity securities at estimated fair value $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Mortgage loans held for investment at amortized cost: Residential construction $ 1,731,469 Cash and cash equivalents (1) $ 10,638,034 Total restricted assets $ 18,935,055 (1) Including cash and cash equivalents of $ 8,527,620
Cemetery Perpectual Care Oblication [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The components of the cemetery perpetual care investments and obligation as of March 31, 2023, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value March 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 381 $ - $ - $ 89,384 Obligations of states and political subdivisions 172,966 - (5,928 ) - 167,038 Total fixed maturity securities available for sale $ 261,969 $ 381 $ (5,928 ) $ - $ 256,422 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,251,768 $ 602,286 $ (162,096 ) $ 3,691,958 Total equity securities at estimated fair value $ 3,251,768 $ 602,286 $ (162,096 ) $ 3,691,958 Mortgage loans held for investment at amortized cost: Residential construction $ 2,709,339 Less: Allowance for credit losses $ (2,196 ) Total mortgage loans held for investment $ 2,707,143 Real estate held for investment: Residential $ 55,531 Cash and cash equivalents $ 749,358 Total cemetery perpetual care trust investments $ 7,460,412 Cemetery perpetual care obligation $ (5,143,233 ) Trust investments in excess of trust obligations $ 2,317,179 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The components of the cemetery perpetual care investments and obligation as of December 31, 2022, are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 42 $ (38 ) $ 89,008 Obligations of states and political subdivisions 174,201 - (8,478 ) 165,723 Total fixed maturity securities available for sale $ 263,205 $ 42 $ (8,516 ) $ 254,731 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Total equity securities at estimated fair value $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Mortgage loans held for investment at amortized cost: Residential construction $ 1,506,517 Real estate held for investment: Residential $ (16,178 ) Cash and cash equivalents $ 1,925,978 Total cemetery perpetual care trust investments $ 7,276,210 Cemetery perpetual care obligation $ (5,099,542 ) Trust investments in excess of trust obligations $ 2,176,668
Schedule of Fair Value of Fixed Maturity Securities	The following tables summarize unrealized losses on fixed maturities securities that were carried at estimated fair value at March 31, 2023 and at December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations and inflation. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At March 31, 2023 Obligations of states and political subdivisions $ 435 $ 54,401 $ 5,493 $ 112,637 $ 5,928 $ 167,038 Total unrealized losses $ 435 $ 54,401 $ 5,493 $ 112,637 $ 5,928 $ 167,038 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 38 $ 59,392 $ - $ - $ 38 $ 59,392 Obligations of states and political subdivisions 1,845 94,612 6,633 71,112 8,478 165,724 Total unrealized losses $ 1,883 $ 154,004 $ 6,633 $ 71,112 $ 8,516 $ 225,116
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at March 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 89,004 $ 89,384 Due in 2-5 years 76,509 71,788 Due in 5-10 years 41,621 40,849 Due in more than 10 years 54,835 54,401 Total $ 261,969 $ 256,422

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (loss) (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income	The following summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2023 2022 Three Months Ended March 31 2023 2022 Unrealized gains (losses) on fixed maturity securities available for sale $ 5,436,929 $ (15,372,096 ) Amounts reclassified into net earnings (218,900 ) 45,193 Net unrealized gains (losses) before taxes 5,218,029 (15,326,903 ) Tax (expense) benefit (1,095,787 ) 3,218,648 Net 4,122,242 (12,108,255 ) Unrealized gains (losses) on restricted assets (1) 4,133 (71,946 ) Tax (expense) benefit (1,029 ) 17,922 Net 3,104 (54,024 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 2,926 (37,357 ) Tax (expense) benefit (714 ) 9,306 Net 2,212 (28,051 ) Other comprehensive income (loss) changes $ 4,127,558 $ (12,190,330 ) (1) Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income	The following is the accumulated balances of other comprehensive income (loss) as of March 31, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance March 31, Unrealized gains (losses) on fixed maturity securities available for sale $ (13,050,767 ) $ 4,122,242 $ (8,928,525 ) Unrealized gains (losses) on restricted assets (1) (13,148 ) 3,104 (10,044 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (6,362 ) 2,212 (4,150 ) Other comprehensive income (loss) $ (13,070,277 ) $ 4,127,558 $ (8,942,719 ) (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022: Beginning Balance December 31, 2021 Change for the period Ending Balance December 31, Unrealized gains (losses) on fixed maturity securities available for sale $ 18,021,265 $ (31,072,032 ) $ (13,050,767 ) Unrealized gains (losses) on restricted assets (1) 40,192 (53,340 ) (13,148 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 8,991 (15,353 ) (6,362 ) Other comprehensive income (loss) $ 18,070,448 $ (31,140,725 ) $ (13,070,277 ) (1) Fixed maturity securities available for sale

Schedule of Increased (Decrease

Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU (Details) - USD ($)			3 Months Ended
		Jan. 01, 2023	Mar. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	[1]		$ 665,030
Residential Mortgage [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	[1]		(192,607)
Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	[1]		$ 301,830
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		$ 671,506
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		665,030
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Mortgage [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		(192,607)
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		301,830
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Commercial [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		555,807
Accounting Standards Update 2016-13 [Member] | Restricted Assets Mortgage Loans Held For Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		3,463
Accounting Standards Update 2016-13 [Member] | Cemetery Perpetual Care Trus tInvestments Mortgage Loans Held For Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		$ 3,013
[1]See Note 2 of the notes to the condensed consolidated financial statements

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details Narrative)	Jan. 01, 2023 USD ($)
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in retained earnings	$ 671,506

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 369,382,018		$ 362,750,511
Available for sale securities, unrecognized holding gain	4,002,139		2,282,842
Available for sale securities, unrecognized holding loss	(15,634,130)		(19,174,861)
Available for sale securities, allowance for credit losses	(179,500)
Available for sale securities, estimated fair value	357,570,527		345,858,492
Available-for-sale securities, amortized cost basis	10,356,783		9,942,265
Available-for-sale securities, gross unrealized gain	12,354,007		11,682,526
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,752,369)		(1,746,605)
Mortgage loans on real estate and construction, allowance for losses	(2,735,419)		(1,970,311)			$ (1,699,902)
Mortgage loans on real estate and construction, discount	(338,185)		(342,860)
Mortgage loans on real estate and construction	286,546,639		308,123,927
Real estate held for investment: Residential	187,077,012		191,328,616
Real estate held for sale	7,390,262		11,161,582
Policy loans	13,012,347		13,095,473
Insurance assignments	45,573,831		46,942,536
Federal home loan bank stock	3,896,800	[1]	2,600,300	[2]
Other investments	9,421,702		9,479,798
Allowance for doubtful accounts	(1,685,901)		(1,609,951)
Total policy loans and other investments	70,218,779		70,508,156
Accrued investment income	9,427,239		10,299,826
Total investments	930,584,465		948,963,125
Cash and cash equivalents	109,532,247		133,483,817		$ 156,924,145	141,414,282
Total cemetery perpetual care trust investments	7,460,412		7,276,210
Cemetery perpetual care obligation	5,143,233		5,099,542
Real estate held for investment: Residential	(187,077,012)		(191,328,616)
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, allowance for credit losses
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, allowance for credit losses
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	95,362,166		93,182,210
Available for sale securities, unrecognized holding gain	305,924		180,643
Available for sale securities, unrecognized holding loss	(2,047,395)		(2,685,277)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	93,620,695		90,677,576
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	6,766,771		6,675,071
Available for sale securities, unrecognized holding gain	14,954		13,869
Available for sale securities, unrecognized holding loss	(337,946)		(458,137)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	6,443,779		6,230,803
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	233,143,391		229,141,544
Available for sale securities, unrecognized holding gain	3,467,771		1,909,630
Available for sale securities, unrecognized holding loss	(9,039,301)		(11,930,773)
Available for sale securities, allowance for credit losses	(179,500)
Available for sale securities, estimated fair value	227,392,361		219,120,401
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	33,859,690		33,501,686
Available for sale securities, unrecognized holding gain	203,490		168,700
Available for sale securities, unrecognized holding loss	(4,209,488)		(4,100,674)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	29,853,692		29,569,712
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	250,000		250,000
Available for sale securities, unrecognized holding gain	10,000		10,000
Available for sale securities, unrecognized holding loss
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	260,000		260,000
Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	10,356,783		9,942,265
Available for sale securities, unrecognized holding gain	2,741,720		2,688,375
Available for sale securities, unrecognized holding loss	(744,496)		(948,114)
Available-for-sale securities, gross unrealized gain	12,354,007		11,682,526
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	10,356,783		9,942,265
Available for sale securities, unrecognized holding gain	2,741,720		2,688,375
Available for sale securities, unrecognized holding loss	(744,496)		(948,114)
Available-for-sale securities, gross unrealized gain	12,354,007		11,682,526
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	94,471,213		93,355,623
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,258,174)		(1,212,994)
Mortgage loans on real estate and construction, allowance for losses	(1,685,100)		(1,739,980)			(1,469,571)
Mortgage loans on real estate and construction, discount	(110,768)		(111,873)
Mortgage loans on real estate and construction	91,417,171		90,290,776
Real estate held for investment: Residential	35,358,867		38,437,960
Real estate held for sale	7,238,709		11,010,029
Real estate held for investment: Residential	(35,358,867)		(38,437,960)
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	146,093,947		172,516,125
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(270,077)		(333,846)
Mortgage loans on real estate and construction, allowance for losses	(292,188)		(43,202)			$ (43,202)
Mortgage loans on real estate and construction, discount
Mortgage loans on real estate and construction	145,531,682		172,139,077
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	50,807,452		46,311,955
Real estate held for investment: Residential	151,718,145		152,890,656
Real estate held for sale	151,553		151,553
Real estate held for investment: Residential	(151,718,145)		(152,890,656)
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	261,969		263,205
Available for sale securities, unrecognized holding gain	381		42
Available for sale securities, unrecognized holding loss	(5,928)		(8,516)
Available for sale securities, estimated fair value	256,422		254,731
Allowance for Credit Losses
Cash and cash equivalents	749,358		1,925,978
Total cemetery perpetual care trust investments	7,460,412		7,276,210
Cemetery perpetual care obligation	(5,143,233)		(5,099,542)
Trust investments in excess of trust obligations	2,317,179		2,176,668
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	89,004		89,004
Available for sale securities, unrecognized holding gain	381		42
Available for sale securities, unrecognized holding loss			(38)
Available for sale securities, estimated fair value	89,384		89,008
Allowance for Credit Losses
Cemetery Perpectual Care Oblication [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	172,966		174,201
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(5,928)		(8,478)
Available for sale securities, estimated fair value	167,038		165,723
Allowance for Credit Losses
Cemetery Perpectual Care Oblication [Member] | Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,251,768		3,195,942
Available for sale securities, unrecognized holding gain	602,286		584,383
Available for sale securities, unrecognized holding loss	(162,096)		(175,163)
Available-for-sale securities, gross unrealized gain	3,691,958		3,605,162
Cemetery Perpectual Care Oblication [Member] | Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,251,768		3,195,942
Available for sale securities, unrecognized holding gain	602,286		584,383
Available for sale securities, unrecognized holding loss	(162,096)		(175,163)
Available-for-sale securities, gross unrealized gain	3,691,958		3,605,162
Mortgage loans on real estate and construction	2,707,143
Cemetery Perpectual Care Oblication [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	2,709,339		1,506,517
Mortgage loans on real estate and construction	(2,196)
Cemetery Perpectual Care Oblication [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Real estate held for investment: Residential	55,531		16,178
Real estate held for investment: Residential	$ (55,531)		$ (16,178)
[1]Includes $ 978,100 2,918,700 938,500 1,661,800

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) (Parenthethical) - USD ($)	Mar. 31, 2023		Dec. 31, 2022
Short term investment	$ 3,896,800	[1]	$ 2,600,300	[2]
Membership [Member]
Short term investment	978,100		938,500
Activity Stock Due [Member]
Short term investment	$ 2,918,700		$ 1,661,800
[1]Includes $ 978,100 2,918,700 938,500 1,661,800

Schedule of Fair Value of Fix_2

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	$ 6,751,930	$ 16,883,189
Available for sale securities, fair value	188,358,922	267,774,539
Available for sale securities, unrecognized holding loss	8,882,200	2,291,672
Available for sale securities, fair value	76,097,473	13,189,587
Available for sale securities, unrecognized holding loss	15,634,130	19,174,861
Available for sale securities, fair value	264,456,395	280,964,126
Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	4,290	14,907
Available for sale securities, fair value	537,225	959,010
Available for sale securities, unrecognized holding loss	9,767	3,469
Available for sale securities, fair value	500,955	58,072
Available for sale securities, unrecognized holding loss	14,056	18,376
Available for sale securities, fair value	1,038,179	1,017,082
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	644,240	2,685,277
Available for sale securities, fair value	53,196,137	79,400,753
Available for sale securities, unrecognized holding loss	1,403,155
Available for sale securities, fair value	29,019,470
Available for sale securities, unrecognized holding loss	2,047,395	2,685,277
Available for sale securities, fair value	82,215,607	79,400,753
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	204,976	378,067
Available for sale securities, fair value	4,644,270	5,467,910
Available for sale securities, unrecognized holding loss	132,970	80,070
Available for sale securities, fair value	1,213,482	429,020
Available for sale securities, unrecognized holding loss	337,946	458,137
Available for sale securities, fair value	5,857,752	5,896,930
US States and Political Subdivisions Debt Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	2,670	11,891
Available for sale securities, fair value	338,301	760,255
Available for sale securities, unrecognized holding loss	9,767	3,469
Available for sale securities, fair value	500,955	58,072
Available for sale securities, unrecognized holding loss	12,436	15,360
Available for sale securities, fair value	839,256	818,327
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	5,315,889	10,935,114
Available for sale securities, fair value	123,534,510	162,995,969
Available for sale securities, unrecognized holding loss	3,723,412	995,659
Available for sale securities, fair value	26,399,408	5,781,822
Available for sale securities, unrecognized holding loss	9,039,301	11,930,773
Available for sale securities, fair value	149,933,918	168,777,791
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	586,825	2,884,731
Available for sale securities, fair value	6,984,005	19,909,907
Available for sale securities, unrecognized holding loss	3,622,663	1,215,943
Available for sale securities, fair value	19,465,113	6,978,745
Available for sale securities, unrecognized holding loss	4,209,488	4,100,674
Available for sale securities, fair value	26,449,118	26,888,652
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	435	1,883
Available for sale securities, fair value	54,401	154,004
Available for sale securities, unrecognized holding loss	5,493	6,633
Available for sale securities, fair value	112,637	71,112
Available for sale securities, unrecognized holding loss	5,928	8,516
Available for sale securities, fair value	167,038	225,116
Cemetery Perpectual Care Oblication [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	435	1,845
Available for sale securities, fair value	54,401	94,612
Available for sale securities, unrecognized holding loss	5,493	6,633
Available for sale securities, fair value	112,637	71,112
Available for sale securities, unrecognized holding loss	5,928	8,478
Available for sale securities, fair value	167,038	165,724
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss		38
Available for sale securities, fair value		59,392
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss		38
Available for sale securities, fair value		59,392
Corporate Debt Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	1,620	3,016
Available for sale securities, fair value	198,923	198,755
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	1,620	3,016
Available for sale securities, fair value	$ 198,923	$ 198,755

Schedule of Allowance for Credi

Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance
Additions for credit losses not previously recorded	179,500
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Ending Balance	179,500
US Treasury Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance
Additions for credit losses not previously recorded
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Ending Balance
US States and Political Subdivisions Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance
Additions for credit losses not previously recorded
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Ending Balance
Corporate Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance
Additions for credit losses not previously recorded	179,500
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Ending Balance	179,500
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance
Additions for credit losses not previously recorded
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Ending Balance

Schedule of Earnings on Fixed M

Schedule of Earnings on Fixed Maturity Securities (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Balance of credit-related OTTI at January 1	$ 264,977
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 March 31	$ 225,475

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Amortized cost	$ 369,382,018	$ 362,750,511
Estimated fair value	357,570,527	345,858,492
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	33,859,690	33,501,686
Estimated fair value	29,853,692	29,569,712
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Amortized cost	250,000	250,000
Estimated fair value	260,000	260,000
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	261,969	263,205
Estimated fair value	256,422	254,731
Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	1,230,685	1,234,818
Estimated fair value	1,217,307	$ 1,217,308
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	18,103,991
Estimated fair value	18,032,556
Due in 1 year [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	89,004
Estimated fair value	89,384
Due in 1 year [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost
Estimated fair value
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	149,458,111
Estimated fair value	145,781,675
Due in 2-5 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	76,509
Estimated fair value	71,788
Due in 2-5 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	318,067
Estimated fair value	311,893
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	81,699,121
Estimated fair value	80,082,902
Due in 5-10 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	41,621
Estimated fair value	40,849
Due in 5-10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	153,284
Estimated fair value	151,610
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	86,011,105
Estimated fair value	83,559,702
Due in more than 10 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	54,835
Estimated fair value	54,401
Due in more than 10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	759,334
Estimated fair value	$ 753,804

Schedule of Credit Quality of F

Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Amortized cost	$ 369,382,018	$ 362,750,511
Estimated fair value	357,570,527	345,858,492
National Association of Insurance Commissioners [Member]
Guarantor Obligations [Line Items]
Amortized cost	369,132,018	362,500,511
Estimated fair value	357,310,527	345,598,492
NAIC, Class 1 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	202,589,256	197,753,818
Estimated fair value	197,298,515	189,691,540
NAIC, Class 2 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	159,006,458	156,261,804
Estimated fair value	153,332,558	148,073,873
NAIC, Class 3 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	6,036,229	7,080,305
Estimated fair value	5,540,009	6,635,786
NAIC, Class 4 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,472,550	1,377,541
Estimated fair value	1,098,745	1,157,454
NAIC, Class 5 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	26,236	25,736
Estimated fair value	40,316	39,155
NAIC, Class 6 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,289	1,307
Estimated fair value	$ 384	$ 684

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Marketable Securities [Line Items]
Proceeds from sales	$ 1,209,844	$ 455,651
Gross realized gains	15,490	2,354
Gross realized losses	(54,104)	(20)
Gross investment income	21,891,053	19,608,679
Investment expenses	(4,116,170)	(4,414,373)
Net investment income	17,774,883	15,194,306
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	4,012,732	2,636,216
Equity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	140,507	123,037
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	8,487,656	7,960,178
Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	3,364,924	3,040,033
Policy Student and Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	200,213	306,282
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	4,768,203	5,396,987
Other Investments [Member]
Marketable Securities [Line Items]
Gross investment income	129,056	70,645
Cash and Cash Equivalents [Member]
Marketable Securities [Line Items]
Gross investment income	$ 787,762	$ 75,301

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Mar. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Real estate held for investment (net of accumulated depreciation)		$ 187,077,012	$ 191,328,616
Real estate held for sale		7,390,262	11,161,582
Commercial Real Estate 1 [Member]
Real estate held for investment (net of accumulated depreciation)		$ 151,718,145	$ 152,890,656
Total square footage | ft²		677,392	677,392
Real estate held for sale		$ 151,553	$ 151,553
UTAH | Commercial Real Estate 1 [Member]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 146,397,779	$ 147,627,946
Total square footage | ft²	[1]	625,920	625,920
LOUISIANA | Commercial Real Estate 1 [Member]
Real estate held for investment (net of accumulated depreciation)		$ 2,369,405	$ 2,380,847
Total square footage | ft²		31,778	31,778
MISSISSIPPI | Commercial Real Estate 1 [Member]
Real estate held for investment (net of accumulated depreciation)		$ 2,950,961	$ 2,881,863
Total square footage | ft²		19,694	19,694
Real estate held for sale	[2]	$ 151,553	$ 151,553
[1]Includes Center53 phase 1 and phase 2[2]Consists of approximately 93 acres of undeveloped land

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Real estate held for investment (net of accumulated depreciation)		$ 187,077,012	$ 191,328,616
Real estate held for sale		7,390,262	11,161,582
Residential Real Estate [Member]
Real estate held for investment (net of accumulated depreciation)		35,358,867	38,437,960
Real estate held for sale		7,238,709	11,010,029
UTAH | Land Developments [Member]
Real estate held for investment (net of accumulated depreciation)		34,825,972	38,241,705
Lots developed		67	80
Lots to be developed		1,123	1,131
UTAH | Residential Real Estate [Member]
Real estate held for investment (net of accumulated depreciation)	[1]	35,358,867	38,437,960
Real estate held for sale		$ 7,238,709	$ 11,010,029
[1]Includes subdivision land developments

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Mar. 31, 2023 ft²
Mortgage Operations [Member]
Approximate square footage	221,000	[1]
Square footage occupied by the company	50%	[1]
Life Insurance Operations [Member]
Approximate square footage	19,694	[1]
Square footage occupied by the company	28%	[1]
Life Insurance Operations 1 [Member]
Approximate square footage	12,274	[2]
Square footage occupied by the company	100%	[2]
Life Insurance Sales [Member]
Approximate square footage	8,059	[2]
Square footage occupied by the company	100%	[2]
Life Insurance Sales 1 [Member]
Approximate square footage	1,560	[2]
Square footage occupied by the company	100%	[2]
Life Insurance Sales 2 [Member]
Approximate square footage	1,737	[2]
Square footage occupied by the company	100%	[2]
[1]Included in real estate held for investment on the condensed consolidated balance sheets[2]Included in property and equipment on the condensed consolidated balance sheets

Schedule of Allowance for Loan

Schedule of Allowance for Loan Losses (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		$ 1,970,311	$ 1,699,902
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	665,030
Allowance for credit losses, provision	[2]	100,078	270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		2,735,419	1,970,311
Commercial Loan [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		187,129	187,129
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	555,807
Allowance for credit losses, provision	[2]	15,195
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		758,131	187,129
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		1,739,980	1,469,571
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	(192,607)
Allowance for credit losses, provision	[2]	137,727	270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		1,685,100	1,739,980
Residential Construction [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		43,202	43,202
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	301,830
Allowance for credit losses, provision	[2]	(52,844)
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		$ 292,188	$ 43,202
[1]See Note 2 of the notes to the condensed consolidated financial statements[2]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Mortgage loans during period		$ 291,372,612	$ 312,183,703
Mortgage loans, allowance for loan losses		(2,735,419)	(1,970,311)	$ (1,699,902)
Mortgage loans, unamortized deferred loan fees, net		(1,752,369)	(1,746,605)
Mortgage loans, unamortized discounts, net		(338,185)	(342,860)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		10,234,240	4,553,390
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period			814,184
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	2,629,933	1,286,211
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	713,552	1,281,174
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage loans during period		13,577,725	7,934,959
Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		277,794,887	304,248,744
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		286,546,639	308,123,927
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans during period		50,807,452	46,311,955
Mortgage loans, allowance for loan losses		(758,131)	(187,129)	(187,129)
Mortgage loans, unamortized deferred loan fees, net		(224,118)	(199,765)
Mortgage loans, unamortized discounts, net		(227,417)	(230,987)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		3,221,608	1,000,000
Commercial Loan [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period
Commercial Loan [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	405,000
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		3,626,608	1,405,000
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		47,180,844	44,906,955
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		49,597,786	45,694,074
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans during period		94,471,213	93,355,623
Mortgage loans, allowance for loan losses		(1,685,100)	(1,739,980)	(1,469,571)
Mortgage loans, unamortized deferred loan fees, net		(1,258,174)	(1,212,994)
Mortgage loans, unamortized discounts, net		(110,768)	(111,873)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		5,807,400	3,553,390
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period			814,184
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	2,224,933	1,286,211
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	713,552	876,174
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage loans during period		8,745,885	6,529,959
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		85,725,328	86,825,664
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		91,417,171	90,290,776
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans during period		146,093,947	172,516,125
Mortgage loans, allowance for loan losses		(292,188)	(43,202)	$ (43,202)
Mortgage loans, unamortized deferred loan fees, net		(270,077)	(333,846)
Mortgage loans, unamortized discounts, net
Residential Construction [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		1,205,232
Residential Construction [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period
Residential Construction [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]
Residential Construction [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]
Residential Construction [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage loans during period		1,205,232
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		144,888,715	172,516,125
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		$ 145,531,682	$ 172,139,077
[1]Interest income is not recognized on loans past due greater than 90 days or in foreclosure.

Schedule of Commercial Mortgage

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details)	Mar. 31, 2023 USD ($)
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 8,525,000
2022	20,986,523
2021	6,347,851
2020	4,913,313
2019	3,025,549
Prior	7,009,216
Total	$ 50,807,452
% of Total	100%
Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 5,386,918
2022	54,865,307
2021	7,289,747
2020	8,466,520
2019	3,617,586
Prior	14,845,135
Total	$ 94,471,213
% of Total	100%
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 5,386,918
2022	53,760,980
2021	6,923,101
2020	8,466,520
2019	3,264,494
Prior	13,730,714
Total	$ 91,532,727
% of Total	96.89%
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023		[1]
2022	1,104,327	[1]
2021	366,646	[1]
2020		[1]
2019	353,092	[1]
Prior	1,114,421	[1]
Total	$ 2,938,486	[1]
% of Total	3.11%	[1]
Less than 65% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 8,525,000
2022	14,383,954
2021	3,842,851
2020
2019	3,025,549
Prior	7,009,216
Total	$ 36,786,570
% of Total	72.40%
65% to 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	6,073,044
2021	2,100,000
2020	4,913,313
2019
Prior
Total	$ 13,086,357
% of Total	25.76%
Greater than 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	529,525
2021	405,000
2020
2019
Prior
Total	$ 934,525
% of Total	1.84%
Greater than 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 5,725,000
2022	1,000,000
2021	2,800,000
2020	4,913,313
2019	3,025,549
Prior	1,507,378
Total	$ 18,971,240
% of Total	37.34%
1.00x - 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 2,800,000
2022	11,425,114
2021	3,547,851
2020
2019
Prior	5,501,838
Total	$ 23,274,803
% of Total	45.81%
Less than 1.00x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	8,561,409
2021
2020
2019
Prior
Total	$ 8,561,409
% of Total	16.85%
[1]Includes residential mortgage loans in the process of foreclosure of $ 713,552

Schedule of Commercial Mortga_2

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details) (Parenthetical)	Mar. 31, 2023 USD ($)
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Mortgage loans in process of foreclosure, amount	$ 713,552

Schedule of Residential Constru

Schedule of Residential Construction Mortgage Loans (Details) - Residential Construction Mortgage Loans [Member]	Mar. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 12,541,324
2022	87,110,137
2021	46,442,486
Total	$ 146,093,947
% of Total	100%
Less than 65% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 9,072,543
2022	51,392,028
2021	8,626,153
Total	$ 69,090,724
% of Total	47.29%
65% to 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 3,468,781
2022	33,790,358
2021	21,588,236
Total	$ 58,847,375
% of Total	40.28%
Greater than 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	1,927,751
2021	16,228,097
Total	$ 18,155,848
% of Total	12.43%
Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 12,541,324
2022	87,110,137
2021	46,442,486
Total	$ 146,093,947
% of Total	100%
Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022
2021
Total
% of Total	0%

Schedule of Aging of Insurance

Schedule of Aging of Insurance Assignments (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Insurance assignments, allowance for loan losses		$ (1,685,901)	$ (1,609,951)	$ (1,686,218)
Past Due 30 to 59 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		9,554,122	10,621,443
Past Due 60 to 89 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		4,043,444	3,997,484
Over 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	[1]	5,791,483	5,813,013
Total Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		19,389,049	20,431,941
Current [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		26,184,781	26,510,594
Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		45,573,831	46,942,536
Net Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period		$ 43,887,930	$ 45,332,585
[1]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Allowance for Cre_2

Schedule of Allowance for Credit Losses (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning	$ 1,609,951	$ 1,686,218
Financing Receivable, Allowance for Credit Loss, Ending	1,685,901	1,609,951
Commercial Loan [Member]
Marketable Securities [Line Items]
Allowance for credit losses, change in provision	233,113	889,480
Allowance for credit losses, Charge-offs	$ (157,163)	$ (965,747)

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Investments [Line Items]
Gross realized gains	$ 15,490	$ 2,354
Gross realized losses	(54,104)	(20)
Net credit loss (provision) release	(179,500)
Total	111,154	171,975
Fixed Maturity Securities [Member]
Schedule of Investments [Line Items]
Gross realized gains	15,491	46,123
Gross realized losses	(54,891)	(930)
Net credit loss (provision) release	(179,500)
Equity Securities One [Member]
Schedule of Investments [Line Items]
Gains (losses) on securities sold	(52,315)	(10,279)
Unrealized gains and (losses) on securities held at the end of the period	331,430	(607,047)
Real Estate Held for Investment and Sale [Member]
Schedule of Investments [Line Items]
Gross realized gains		385,366
Gross realized losses		(94,400)
Other Assets Including Call and Put Option Derivatives [Member]
Schedule of Investments [Line Items]
Gross realized gains	50,939	453,142
Gross realized losses

Schedule of Accrued Investment

Schedule of Accrued Investment Income (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 9,427,239	$ 10,299,826
Fixed Maturity Securities Available for Sale [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,841,931	3,563,767
Equity Securities [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	18,362	14,496
Mortgage Loans Held for Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	2,710,149	3,220,709
Real Estate Held for Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	2,809,671	3,455,305
Policy Loans [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	45,221	37,951
Cash and Cash Equivalents [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 1,905	$ 7,598

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Credit loss recognized	$ 179,500
Maximum borrowing capacity	93,436,027
Other borrowings	31,000,000
Remaining borrowing capacity	$ 55,351,809
Percentage of fixed maturity portfolio rated investment grade based on NAIC designations	98.10%		97.70%
Loans payable to bank	$ 138,391,846		$ 161,712,804
Interest not accrued on non-performing loans	110,000		$ 226,000
Realized investment gains	53,931
Realized investment loss		275,741
Net Investment Income	17,774,883	15,194,306
Cemeteries and Mortuaries [Member]
Debt Securities, Available-for-Sale [Line Items]
Net Investment Income	$ 633,527	476,708
UTAH
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	60%		64%
FLORIDA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	10%		10%
CALIFORNIA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	6%		5%
TEXAS
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	5%		5%
ARIZONA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	5%		3%
HAWAII
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	3%
NEVADA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	3%		3%
Minimum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	2%
Loan term	9 months
Maximum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	10.50%
Loan term	30 years
Restricted Investments [Member]
Debt Securities, Available-for-Sale [Line Items]
Security deposit	$ 10,952,850		$ 11,032,165
656 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost	94.40%
713 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost			93.60%
Commercial Real Estate 1 [Member]
Debt Securities, Available-for-Sale [Line Items]
Collateral for bank loans	$ 128,272,775		$ 129,330,119
Loans payable to bank	96,652,659		97,112,131
Depreciation expense	1,565,927	1,323,930
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Depreciation expense	2,648	$ 2,648
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Foreclosed real estate expense	$ 5,570,788		$ 11,010,029

Schedule of Aggregate Fair Valu

Schedule of Aggregate Fair Value Loans Held for Sale (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Aggregate fair value	$ 173,015,404	$ 141,179,620
Unpaid principal balance	172,407,557	141,337,811
Unrealized gain (loss)	$ 607,847	$ (158,191)

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Loans Held For Sale
Loan fees	$ 4,388,414	$ 7,087,182
Interest income	2,007,058	2,031,869
Secondary gains	17,961,358	39,602,614
Change in fair value of loan commitments	677,952	2,675,371
Change in fair value of loans held for sale	794,614	(2,746,565)
Provision for loan loss reserve	159,610	(306,026)
Mortgage fee income	$ 25,989,006	$ 48,344,445

Summary of Loan Loss Reserve In

Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2023		Mar. 31, 2022	Dec. 31, 2022
Loans Held For Sale
Balance, beginning of period	$ 1,725,667		$ 2,447,139	$ 2,447,139
Provision on current loan originations	239,801	[1]	$ 306,026	1,078,812	[1]
Charge-offs, net of recaptured amounts	(632,783)			(1,800,284)
Balance, end of period	$ 1,332,685			$ 1,725,667
[1]Included in mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2023		Mar. 31, 2022	Dec. 31, 2022	[1]
Loans Held For Sale
Provision on current loan originations	$ 239,801	[1]	$ 306,026	$ 1,078,812
Loan increase per point	$ 450		$ 290
Amount of loan increased, per point	$ 1,000,000		$ 1,000,000
[1]Included in mortgage fee income

Schedule of Activity of Stock O

Schedule of Activity of Stock Option Plans (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	976,605		1,024,351
Weighted average exercise price, outstanding, beginning	$ 4.78		$ 4.61
Number of shares, granted	16,000		4,000
Number of shares, exercised	(90,705)		(50,968)
Number of shares, cancelled
Number of shares, outstanding, beginning	901,900		977,383
Weighted average exercise price, outstanding, Ending	$ 4.92		$ 4.77
Number of shares, options exercisable	827,025		906,258
Weighted average exercise price, options exercisable	$ 4.76		$ 4.46
Number of shares, available options for future grant	155,133		228,376
Weighted average contractual term of options outstanding	4 years 7 months 6 days		4 years 5 months 8 days
Weighted average contractual term of options exercisable	4 years 1 month 20 days		4 years 10 days
Aggregated intrinsic value of options outstanding	$ 1,182,602	[1]	$ 5,115,622	[2]
Aggregated intrinsic value of options exercisable	$ 1,214,210	[1]	$ 5,017,469	[2]
Common Class C [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	1,157,203		821,146
Weighted average exercise price, outstanding, beginning	$ 5.59		$ 5.48
Number of shares, granted
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, beginning	1,157,203		821,146
Weighted average exercise price, outstanding, Ending	$ 5.59		$ 5.48
Number of shares, options exercisable	935,953		648,646
Weighted average exercise price, options exercisable	$ 5.36		$ 4.67
Number of shares, available options for future grant	795,000		16,689
Weighted average contractual term of options outstanding	6 years 7 months 28 days		7 years
Weighted average contractual term of options exercisable	6 years 2 months 12 days		6 years 6 months 25 days
Aggregated intrinsic value of options outstanding	$ 741,380	[1]	$ 3,666,085	[2]
Aggregated intrinsic value of options exercisable	$ 812,293	[1]	$ 3,460,285	[2]
[1]The Company used a stock price of $ 6.23 10.00

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical) - $ / shares	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock price	$ 6.23	$ 10

Schedule of Activity Restricted

Schedule of Activity Restricted Stock Units (Details) - USD ($)		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, available RSUs for future grant		155,133	228,376
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average grant date fair value, beginning		$ 6.48
Weighted average grant date fair value, ending		$ 6.48
Restricted Stock Units (RSUs) [Member] | Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Non-vested Number of shares, beginning		1,620
Non-vested Number of shares, Granted
Non-vested Number of shares, Vested
Non-vested Number of shares, ending		1,620
Number of shares, available RSUs for future grant		18,380
Aggregated intrinsic value of RSUs outstanding	[1]
[1]The Company used a stock price of $ 6.23

Schedule of Activity Restrict_2

Schedule of Activity Restricted Stock Units (Details) (Parenthetical) - $ / shares	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price	$ 6.23	$ 10
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price	$ 6.23

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 143,671	$ 271,747
Unrecognized compensation expense	390,702
Intrinsic value stock options exercised	176,935	395,831
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	742
Unrecognized compensation expense
Stock Option Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 142,929	$ 271,747

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net earnings		$ 1,240,172	$ 3,228,718
Basic weighted-average shares outstanding	[1]	21,080,549	21,381,988
Employee stock options		531,486	884,485
Diluted weighted-average shares outstanding	[1]	21,612,035	22,266,473
Basic net earnings per share	[1]	$ 0.06	$ 0.15
Diluted net earnings per share	[1]	$ 0.06	$ 0.15
[1]Net earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Common Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares, outstanding, beginning	18,758,031	17,642,722
Exercise of stock options	48,046	50,223
Conversion of Class C to Class A	936	207
Common stock, shares, outstanding, ending	18,807,013	17,693,152
Common Class C [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares, outstanding, beginning	2,889,859	2,866,565
Exercise of stock options
Conversion of Class C to Class A	(936)	(207)
Common stock, shares, outstanding, ending	2,888,923	2,866,358

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	730,270

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues from external customers	$ 79,500,734	$ 102,425,907
Intersegment revenues
Segment profit before income taxes	1,584,888	4,443,516
Identifiable Assets	1,437,828,647	1,514,550,009
Goodwill	5,253,783	5,253,783	$ 5,253,783
Total Assets	1,443,082,430	1,519,803,792
Life Insurance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	45,415,297	41,501,809
Intersegment revenues	1,510,028	1,695,779
Segment profit before income taxes	3,683,735	816,485
Identifiable Assets	1,308,954,075	1,241,160,139
Goodwill	2,765,570	2,765,570
Total Assets	1,311,719,645	1,243,925,709
Cemetery/Mortuary [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	7,198,396	7,463,194
Intersegment revenues	83,836	182,589
Segment profit before income taxes	1,784,592	2,020,317
Identifiable Assets	87,354,333	77,002,286
Goodwill	2,488,213	2,488,213
Total Assets	89,842,546	79,490,499
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	26,887,041	53,460,904
Intersegment revenues	123,699	74,709
Segment profit before income taxes	(3,883,439)	1,606,714
Identifiable Assets	152,745,312	295,671,662
Goodwill
Total Assets	152,745,312	295,671,662
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	(1,717,563)	(1,953,077)
Segment profit before income taxes
Identifiable Assets	(111,225,073)	(99,284,078)
Goodwill
Total Assets	$ (111,225,073)	$ (99,284,078)

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)		Mar. 31, 2023		Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)		$ 357,570,527		$ 345,858,492
Equity securities		12,354,007		11,682,526
Loans held for sale		173,015,404		141,179,620
Restricted assets (1)		1,217,307	[1]	1,217,308	[2]
Restricted assets (2)		5,660,427	[3]	5,348,244	[4]
Cemetery perpetual care trust investments (1)		256,422	[1]	254,731	[2]
Cemetery perpetual care trust investments (2)		3,691,958	[3]	3,605,162	[4]
Derivatives - loan commitments (3)		6,560,948	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		560,327,000		513,235,939
Derivatives - call options (4)	[7]			(29,715)
Derivatives - put options (4)	[7]			(13,888)
Derivatives - loan commitments (4)		(3,176,119)	[8]	(1,382,979)	[7]
Total liabilities accounted for at fair value on a recurring basis		(3,176,119)		(1,426,582)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)
Equity securities		12,354,007		11,682,526
Loans held for sale
Restricted assets (1)			[1]		[2]
Restricted assets (2)		5,660,427	[3]	5,348,244	[4]
Cemetery perpetual care trust investments (1)			[1]		[2]
Cemetery perpetual care trust investments (2)		3,691,958	[3]	3,605,162	[4]
Derivatives - loan commitments (3)			[5]		[6]
Total assets accounted for at fair value on a recurring basis		21,706,392		20,635,932
Derivatives - call options (4)	[7]			(29,715)
Derivatives - put options (4)	[7]			(13,888)
Derivatives - loan commitments (4)			[8]		[7]
Total liabilities accounted for at fair value on a recurring basis				(43,603)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)		356,135,008		344,422,973
Equity securities
Loans held for sale
Restricted assets (1)		1,217,307	[1]	1,217,308	[2]
Restricted assets (2)			[3]		[4]
Cemetery perpetual care trust investments (1)		256,422	[1]	254,731	[2]
Cemetery perpetual care trust investments (2)			[3]		[4]
Derivatives - loan commitments (3)			[5]		[6]
Total assets accounted for at fair value on a recurring basis		357,608,737		345,895,012
Derivatives - call options (4)	[7]
Derivatives - put options (4)	[7]
Derivatives - loan commitments (4)			[8]		[7]
Total liabilities accounted for at fair value on a recurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)		1,435,519		1,435,519
Equity securities
Loans held for sale		173,015,404		141,179,620
Restricted assets (1)			[1]		[2]
Restricted assets (2)			[3]		[4]
Cemetery perpetual care trust investments (1)			[1]		[2]
Cemetery perpetual care trust investments (2)			[3]		[4]
Derivatives - loan commitments (3)		6,560,948	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		181,011,871		146,704,995
Derivatives - call options (4)	[7]
Derivatives - put options (4)	[7]
Derivatives - loan commitments (4)		(3,176,119)	[8]	(1,382,979)	[7]
Total liabilities accounted for at fair value on a recurring basis		$ (3,176,119)		$ (1,382,979)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale[3]Equity securities[4]Equity securities[5]Included in other assets on the consolidated balance sheets[6]Included in other assets on the consolidated balance sheets[7]Included in other liabilities and accrued expenses on the consolidated balance sheets[8]Included in other liabilities and accrued expenses on the consolidated balance sheets

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on A Recurring Basis (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 173,015,404		$ 141,179,620
Fair Value Balance	6,560,948	[1]	4,089,856	[2]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)	357,570,527		345,858,492
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 173,015,404		$ 141,179,620		$ 234,012,872	$ 302,776,827
Fair value measurement, range of inputs, minimum value	70%		69.90%
Fair value measurement, range of inputs, maximum value	111%		106.10%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	100%		99.80%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value measurement, range of inputs, minimum value	65%		65%
Fair value measurement, range of inputs, maximum value	95%		95%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	85%		82.20%
Fair Value Balance	$ 3,384,829		$ 2,706,877		9,690,886	7,015,515
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 $369,382,018 and $362,750,511 for 2023 and 2022; allowance for credit losses of $179,500 and nil for 2023 and 2022)	$ 1,435,519		$ 1,435,519		$ 2,011,772	$ 2,023,348
Fair Value Measurement, Range of Inputs, Minimum Value, price per share	$ 100		$ 100
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	$ 104.97		$ 104.97
[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 Cond

Schedule of Changes in the Condensed Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning	[1]	$ 4,089,856
Loans Held for Sale, Beginning		141,179,620
Fixed Maturity Securities Available for Sale, Beginning		345,858,492
Originations and purchases		11,911,847		$ 32,508,649
Sales, maturities and paydowns		(5,375,819)		(4,052,570)
Total gains (losses) included in other comprehensive income		5,436,929		(15,372,096)
Net loan commitments, ending	[2]	6,560,948
Loans Held for Sale, Ending		173,015,404
Fixed Maturity Securities Available for Sale, Ending		357,570,527
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning		2,706,877		7,015,515
Originations and purchases
Sales, maturities and paydowns
Total gains (losses) included in earnings		677,952	[3]	2,675,371	[4]
Total gains (losses) included in other comprehensive income
Net loan commitments, ending		3,384,829		9,690,886
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		141,179,620		302,776,827
Originations and purchases		531,867,796		1,039,216,582
Sales, maturities and paydowns		(511,909,942)		(1,132,085,830)
Total gains (losses) included in earnings		11,877,930	[3]	24,105,293	[4]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		173,015,404		234,012,872
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed Maturity Securities Available for Sale, Beginning		1,435,519		2,023,348
Originations and purchases
Sales, maturities and paydowns				(11,950)
Total gains (losses) included in earnings			[5]	961	[6]
Total gains (losses) included in other comprehensive income				(587)
Fixed Maturity Securities Available for Sale, Ending		$ 1,435,519		$ 2,011,772
[1]Included in other assets on the consolidated balance sheets[2]Included in other assets on the consolidated balance sheets[3]As a component of Mortgage fee income on the condensed consolidated statements of earnings[4]As a component of Mortgage fee income on the condensed consolidated statements of earnings[5]As a component of Net investment income on the condensed consolidated statements of earnings[6]As a component of Net investment income on the condensed consolidated statements of earnings

Schedule of Fair Value Assets M

Schedule of Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 286,546,639	$ 308,123,927
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment		794,224
Assets fair value disclosure nonrecurring		794,224
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
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
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		794,224
Assets fair value disclosure nonrecurring		$ 794,224

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Mar. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	$ 286,546,639		$ 308,123,927
Other investments and policy loans	70,218,779		70,508,156
Restricted assets	19,036,870		18,935,055
Cemetery perpetual care trust investments	7,460,412		7,276,210
Mortgage servicing rights	3,166,133		3,039,765		$ 53,060,455
Mortgage servicing rights, estimated fair value	4,164,686		3,927,877
Bank and other loans payable	(138,391,846)		(161,712,804)
Future policy benefits and unpaid claims	(895,198,901)		(889,327,303)
Residential Mortgage [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	91,417,171		90,290,776
Mortgage loans held for investment, estimated fair value	89,949,922		88,575,293
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	89,949,922		88,575,293
Residential Construction [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	145,531,682		172,139,077
Mortgage loans held for investment, estimated fair value	145,531,682		172,139,077
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	145,531,682		172,139,077
Commercial Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	49,597,786		45,694,074
Mortgage loans held for investment, estimated fair value	48,049,451		44,079,537
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	48,049,451		44,079,537
Mortgage Loans Net [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	286,546,639		308,123,927
Mortgage loans held for investment, estimated fair value	283,531,055		304,793,907
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	283,531,055		304,793,907
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,012,347		13,095,473
Other investments and policy loans, estimated fair value	13,012,347		13,095,473
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 allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)
Policy Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,012,347		13,095,473
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	43,887,930	[1]	45,332,585	[2]
Other investments and policy loans, estimated fair value	43,887,930	[1]	45,332,585	[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans		[1]		[2]
Insurance Assignments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	43,887,930	[1]	45,332,585	[2]
Restricted Assets [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	2,936,896	[3]	1,731,469	[4]
Restricted assets, estimated fair value	2,936,896	[3]	1,731,469	[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	2,936,896	[3]	1,731,469	[4]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	2,709,339	[3]	1,506,517	[4]
Cemetery perpetual care trust investments, estimated fair value	2,709,339	[3]	1,506,517	[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	2,709,339	[3]	1,506,517	[4]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	3,166,133		3,039,765
Mortgage servicing rights, estimated fair value	4,164,686		3,927,877
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	4,164,686		3,927,877
Bank and Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(138,391,846)		(161,712,804)
Bank and other loans payable, fair value	(138,391,846)		(161,712,804)
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(138,391,846)		(161,712,804)
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(40,865,405)	[5]	(41,146,171)	[6]
Future policy benefits and unpaid claims, estimated fair value	(41,529,360)	[5]	(42,181,089)	[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(41,529,360)	[5]	(42,181,089)	[6]
Future Policy Benefits Annuities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(106,474,611)	[5]	(106,637,094)	[6]
Future policy benefits and unpaid claims, estimated fair value	(128,238,451)	[5]	(126,078,031)	[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Future Policy Benefits Annuities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	$ (128,238,451)	[5]	$ (126,078,031)	[6]
[1]Included in other investments and policy loans on the condensed consolidated balance sheets[2]Included in other investments and policy loans on the consolidated balance sheets[3]Mortgage loans held for investment[4]Mortgage loans held for investment[5]Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets[6]Included in future policy benefits and unpaid claims on the consolidated balance sheets

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details Narrative)	3 Months Ended
	Mar. 31, 2023
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Sensitive insurance product percentage	1.50%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Sensitive insurance product percentage	6.50%

Schedule of Derivative Assets a

Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 441,138,434	$ 453,371,808
Derivative asset, notional amount	6,560,948	4,089,859
Derivative liability, notional amount	3,176,119	1,382,979
Call Option [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount		868,600
Derivative asset, notional amount
Derivative liability, notional amount		29,715
Put Option [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount		654,500
Derivative asset, notional amount
Derivative liability, notional amount		13,888
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	441,138,434	454,894,908
Derivative asset, notional amount	6,560,948	4,089,859
Derivative liability, notional amount	$ 3,176,119	$ 1,426,582

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 677,952	$ 2,675,371
Call and Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 49,963	$ 61,195

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 93,436,027
Repayment of outstanding advances	8,900,000
Other commitments	192,542,000
Payment for other liabilities	151,740,182
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 SOFR rate plus 2%
Line of credit, maturity date	Nov. 09, 2023
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	$ 50,000,000
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	8.50%

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)			3 Months Ended	12 Months Ended
		Oct. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Balance before valuation allowance at beginning of year			$ 3,039,765	$ 53,060,455
MSR additions resulting from loan sales	[1]		287,710	10,243,922
Amortization	[2]		(161,342)	(9,078,706)
Sale of MSRs		$ (51,185,906)		(51,185,906)
Application of valuation allowance to write down MSRs with other than temporary impairment
Balance before valuation allowance at end of period			3,166,133	3,039,765
Balance at beginning of year
Additions
Balance at end of period
Mortgage servicing rights, net			3,166,133	3,039,765
Estimated fair value of MSRs at end of period			$ 4,164,686	$ 3,927,877
[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)	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 345,340
2024	309,193
2025	277,298
2026	246,874
2027	221,541
Thereafter	1,765,887
Total	$ 3,166,133

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Contractual servicing fees	$ 410,400	$ 4,506,260
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues	Other revenues
Late fees	$ 49,313	$ 100,038
Late Fee Income, Servicing Financial Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues	Other revenues
Total	$ 459,713	$ 4,606,298

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 376,394,059	$ 360,023,384

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	8.80	8.12
Average life	8 years 1 month 6 days	8 years 5 months 26 days
Discount rate	11.78	11.95

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details Narrative) - USD ($)		3 Months Ended	12 Months Ended
	Oct. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage loans unpaid principal amount	$ 7,020,000,000
Sale of mortgage servicing rights	51,185,906		$ 51,185,906
Gain on sale of Mortgage servicing rights	$ 34,051,938

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	21.80%	27.30%
Provision for income taxes	$ 344,716	$ 1,214,798
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 ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Receivables, beginning balance	[1]	$ 5,392,779	$ 5,298,636
Contract asset, beginning balance
Contract liability, beginning balance		16,226,836	14,508,022
Receivables, ending balance	[1]	5,145,833	5,392,779
Contract asset, ending balance
Contract liability, ending balance		16,583,024	16,226,836
Increase (decrease) in accounts receivable	[1]	(246,946)	94,143
Increase (decrease) in contract asset
Increase (decrease) in contract liability		$ 356,188	$ 1,718,814
[1]Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Revenues of the Cem

Schedule of Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net mortuary and cemetery sales	$ 6,471,429	$ 7,205,721
Major Goods or Services Lines at Need [Member]
Net mortuary and cemetery sales	5,154,036	5,866,878
Major Goods or Services Lines Pre Need [Member]
Net mortuary and cemetery sales	1,317,393	1,338,843
Timing of Revenue Recognition Goods Transferred at a Point in Time [Member]
Net mortuary and cemetery sales	4,029,666	4,180,545
Timing of Revenue Recognition Services Transferred at a Point in Time [Member]
Net mortuary and cemetery sales	$ 2,441,763	$ 3,025,176

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net mortuary and cemetery sales	$ 6,471,429	$ 7,205,721
Gains (losses) on investments and other assets	111,154	171,975
Net investment income	17,774,883	15,194,306
Other revenues	1,186,970	5,167,508
Revenues from external customers	79,500,734	102,425,907
Cemetery/Mortuary [Member]
Net mortuary and cemetery sales	6,471,429	7,205,721
Gains (losses) on investments and other assets	53,931	(254,525)
Net investment income	601,491	496,459
Other revenues	71,545	15,539
Revenues from external customers	$ 7,198,396	$ 7,463,194

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized included in the opening contract liability	$ 1,119,898	$ 1,064,104
Deferred Pre-need Land Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, percentage	10%

Schedule of Receivables (Detail

Schedule of Receivables (Details) - USD ($)		Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Contracts with customers	[1]	$ 5,145,833	$ 5,392,779	$ 5,298,636
Receivables from sales agents		2,254,183	2,209,185
Other		10,844,499	23,200,919
Total receivables		18,244,515	30,802,883
Allowance for doubtful accounts		(1,867,124)	(2,229,791)	$ (1,800,725)
Net receivables		$ 16,377,391	$ 28,573,092
[1]Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Allowance Credit Lo

Schedule of Allowance Credit Losses (Details) - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Beginning balance		$ 2,229,791	$ 1,800,725
Change in provision for credit losses	[1]	(318,664)	799,888
Charge-offs		(44,003)	(370,822)
Ending balance		$ 1,867,124	$ 2,229,791
[1]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Restricted Assets i

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	$ 369,382,018		$ 362,750,511
Available for sale securities, unrecognized holding gain	4,002,139		2,282,842
Available for sale securities, unrecognized holding loss	(15,634,130)		(19,174,861)
Available for sale securities, estimated fair value	357,570,527		345,858,492
Available-for-sale securities, amortized cost basis	10,356,783		9,942,265
Available-for-sale securities, gross unrealized gain	12,354,007		11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	286,546,639		308,123,927
Cash and cash equivalents	109,532,247		133,483,817		$ 156,924,145	$ 141,414,282
Total restricted assets	19,036,870		18,935,055
Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	1,230,685		1,234,818
Available for sale securities, unrecognized holding gain	679		866
Available for sale securities, unrecognized holding loss	(14,056)		(18,376)
Allowance for Credit Losses
Available for sale securities, estimated fair value	1,217,307		1,217,308
Cash and cash equivalents	9,228,113	[1]	10,638,034	[2]
Total restricted assets	19,036,870		18,935,055
US States and Political Subdivisions Debt Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	1,030,141		1,033,047
Available for sale securities, unrecognized holding gain	679		866
Available for sale securities, unrecognized holding loss	(12,436)		(15,360)
Allowance for Credit Losses
Available for sale securities, estimated fair value	1,018,384		1,018,553
Corporate Debt Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	200,543		201,771
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(1,620)		(3,016)
Allowance for Credit Losses
Available for sale securities, estimated fair value	198,923		198,755
Industrial Miscellaneous And All Other [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	5,241,033		4,955,360
Available for sale securities, unrecognized holding gain	692,339		703,049
Available for sale securities, unrecognized holding loss	(272,945)		(310,165)
Available-for-sale securities, gross unrealized gain	5,660,427		5,348,244
Equity Securities One [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	5,241,033		4,955,360
Available for sale securities, unrecognized holding gain	692,339		703,049
Available for sale securities, unrecognized holding loss	(272,945)		(310,165)
Available-for-sale securities, gross unrealized gain	5,660,427		5,348,244
Residential Construction [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Mortgage loans on real estate and construction	2,936,896		$ 1,731,469
Fair value allowance for credit losse	(5,874)
Mortgage loans held for investment (net of allowance for credit losses of $2,735,419 and $1,970,311 for 2023 and 2022)	$ 2,931,023
[1]Including cash and cash equivalents of $ 8,232,615 8,527,620

Schedule of Restricted Assets_2

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) (Parenthetical) - USD ($)	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 109,532,247		$ 133,483,817		$ 156,924,145	$ 141,414,282
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	9,228,113	[1]	10,638,034	[2]
Restricted Assets [Member] | Security National Life Insurance [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 8,232,615		$ 8,527,620
[1]Including cash and cash equivalents of $ 8,232,615 8,527,620

Cemetery Perpetual Care Trust_3

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cemetery Perpectual Care Oblication [Member]
Schedule of Investments [Line Items]
Credit loss recognized	$ 0	$ 0
3 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	96.60%
5 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost			96.40%
17 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	98.70%		98.20%
Restricted Assets [Member]
Schedule of Investments [Line Items]
Credit loss recognized	$ 0	$ 0

Schedule of Changes in Accumula

Schedule of Changes in Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on fixed maturity securities available for sale		$ 5,436,929	$ (15,372,096)
Amounts reclassified into net earnings		(218,900)	45,193
Unrealized gains (losses) on cemetery perpetual care trust investments		5,218,029	(15,326,903)
Tax (expense) benefit		(1,095,787)	3,218,648
Net		4,122,242	(12,108,255)
Tax (expense) benefit		(714)	9,306
Net		2,212	(28,051)
Other comprehensive income (loss) changes		4,127,558	(12,190,330)
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	4,133	(71,946)
Tax (expense) benefit		(1,029)	17,922
Net		3,104	(54,024)
Cemetery Perpetual Care Trust Investments [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	$ 2,926	$ (37,357)
[1]Fixed maturity securities available for sale

Schedule of Accumulated Balance

Schedule of Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2023		Dec. 31, 2022
Equity [Abstract]
Unrealized gains on fix maturity securities available-for-sale		$ (13,050,767)		$ 18,021,265
Increase (Decrease) in Unrealized gains on fixed maturity securities available-for-sale		4,122,242		(31,072,032)
Unrealized gains on fix maturity securities available-for-sale		(8,928,525)		(13,050,767)
Unrealized gains (losses) on restricted assets		(13,148)	[1]	40,192	[2]
Increase Dececrease in Unrealized gains (losses) on restricted assets		3,104	[1]	(53,340)	[2]
Unrealized gains (losses) on restricted assets	[1]	(10,044)		(13,148)
Unrealized gains (losses) on cemetery perpetual care trust investments		(6,362)	[1]	8,991	[2]
Increase Dececrease in Unrealized gains (losses) on cemetery perpetual care trust investments		2,212	[1]	(15,353)	[2]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(4,150)		(6,362)
Other comprehensive income (loss), Balance		(13,070,277)		18,070,448
Increase (Decrease) in Other comprehensive income (loss), Balance		4,127,558		(31,140,725)
Other comprehensive income (loss), Balance		$ (8,942,719)		$ (13,070,277)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale