Security National Financial (SNFCA) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 03, 2023
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
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		20,008,016
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,971,854

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)	$ 356,448,259	$ 345,858,492
Equity securities at estimated fair value (cost of $10,470,974 and $9,942,265 for 2023 and 2022, respectively)	12,309,544	11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	249,307,098	308,123,927
Real estate held for investment (net of accumulated depreciation of $28,516,470 and $23,793,204 for 2023 and 2022, respectively)	184,691,463	191,328,616
Real estate held for sale	4,764,367	11,161,582
Other investments and policy loans (net of allowance for credit losses of $1,555,261 and $1,609,951 for 2023 and 2022, respectively)	66,253,417	70,508,156
Accrued investment income	12,266,695	10,299,826
Total investments	886,040,843	948,963,125
Cash and cash equivalents	134,751,854	120,919,805
Loans held for sale at estimated fair value	152,546,566	141,179,620
Receivables (net of allowance for credit losses of $1,520,801 and $2,229,791 for 2023 and 2022, respectively)	15,498,951	28,573,092
Restricted assets (including $7,847,136 and $6,565,552 for 2023 and 2022 respectively, at estimated fair value; net of allowance for credit losses of $2,232 and nil for 2023 and 2022, respectively)	19,907,485	18,935,055
Cemetery perpetual care trust investments (including $4,223,197 and $3,859,893 for 2023 and 2022, respectively, at estimated fair value; net of allowance for credit losses of $3,933 and nil for 2023 and 2022, respectively)	7,640,990	7,276,210
Receivable from reinsurers	14,764,228	15,033,938
Cemetery land and improvements	9,068,760	9,101,474
Deferred policy and pre-need contract acquisition costs	114,422,565	108,655,128
Mortgage servicing rights, net	3,494,723	3,039,765
Property and equipment, net	19,580,298	20,579,649
Value of business acquired	8,922,400	9,803,736
Goodwill	5,253,783	5,253,783
Other	21,878,789	23,798,512
Total Assets	1,413,772,235	1,461,112,892
Liabilities
Future policy benefits and unpaid claims	908,917,966	889,327,303
Unearned premium reserve	2,611,873	2,773,616
Bank and other loans payable	108,431,028	161,712,804
Deferred pre-need cemetery and mortuary contract revenues	17,573,212	16,226,836
Cemetery perpetual care obligation	5,265,166	5,099,542
Accounts payable	2,977,402	5,361,449
Other liabilities and accrued expenses	56,431,051	57,113,888
Income taxes	13,670,993	30,710,527
Total liabilities	1,115,878,691	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	72,190,361	64,767,769
Accumulated other comprehensive loss, net of taxes	(18,282,298)	(13,070,277)
Retained earnings	204,117,486	202,160,306
Treasury stock at cost - 870,523 Class A shares and 35,717 Class C shares as of September 30, 2023; and 525,870 Class A shares and 34,016 Class C shares as of December 31, 2022	(6,090,935)	(4,366,651)
Total stockholders’ equity	297,893,544	292,786,927
Total Liabilities and Stockholders’ Equity	1,413,772,235	1,461,112,892
Common Class A [Member]
Stockholders’ Equity
Common Stock, Value	40,015,222	37,516,062
Common Class B [Member]
Stockholders’ Equity
Common Stock, Value
Common Class C [Member]
Stockholders’ Equity
Common Stock, Value	$ 5,943,708	$ 5,779,718

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Amortized cost	$ 380,283,562	$ 362,750,511
Allowance for credit loss	211,500
Equity securities cost	10,470,974	9,942,265
Allowance for loan and lease losses, real estate	2,612,944	1,970,311
Real estate investment property, accumulated depreciation	28,516,470	23,793,204
Allowance for doubtful accounts, premiums and other receivables	1,555,261	1,609,951
Accounts receivable, allowance for credit loss	1,520,801	2,229,791
Aggregate fair value, restricted assets	7,847,136	6,565,552
Allowance for credit losses, restricted assets	2,232
Aggregate fair value, cemetery perpetual care trust investments	4,223,197	3,859,893
Aggregate allowance for credit losses, cemetery perpetual care trust investments	$ 3,933
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	20,007,611	18,758,031
Common stock, shares outstanding	20,007,611	18,758,031
Treasury stock, shares	870,523	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 issued	0	0
Common stock, shares outstanding	0	0
Common Class C [Member]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	6,000,000	6,000,000
Common stock, shares issued	2,971,854	2,889,859
Common stock, shares outstanding	2,971,854	2,889,859
Treasury stock, shares	35,717	34,016

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Mortgage fee income		$ 24,936,019	$ 28,607,888	$ 77,003,778	$ 118,983,231
Insurance premiums and other considerations		28,906,803	26,237,417	85,687,394	78,491,364
Net investment income		19,248,463	18,603,070	57,195,320	49,768,664
Net mortuary and cemetery sales		7,234,031	6,470,363	20,874,174	20,926,587
Losses on investments and other assets		(932,414)	(2,178,952)	(4,676)	(2,921,372)
Other		848,825	5,737,434	2,832,630	16,221,307
Total revenues		80,241,727	83,477,220	243,588,620	281,469,781
Benefits and expenses:
Death benefits		14,678,251	13,996,753	46,811,922	45,720,503
Surrenders and other policy benefits		1,467,066	1,337,507	3,550,416	3,814,442
Increase in future policy benefits		9,476,678	7,389,732	26,031,421	20,761,276
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		4,480,457	5,061,713	13,615,359	13,511,235
Selling, general and administrative expenses:
Commissions		10,467,796	15,004,275	30,877,232	53,303,814
Personnel		20,234,106	24,392,703	62,705,033	76,772,417
Advertising		994,433	1,372,636	2,863,597	4,680,169
Rent and rent related		1,677,701	1,701,164	5,285,492	5,062,696
Depreciation on property and equipment		590,168	636,246	1,765,797	1,880,095
Costs related to funding mortgage loans		1,563,172	1,371,315	5,246,881	6,255,415
Other		7,124,347	11,178,276	22,308,291	34,444,040
Interest expense		1,151,534	2,136,763	4,019,669	5,764,327
Cost of goods and services sold-mortuaries and cemeteries		1,177,328	1,200,481	3,614,599	3,628,334
Total benefits and expenses		75,083,037	86,779,564	228,695,709	275,598,763
Earnings (loss) before income taxes		5,158,690	(3,302,344)	14,892,911	5,871,018
Income tax benefit (expense)		(1,117,397)	949,159	(3,258,740)	(1,421,036)
Net earnings (loss)		$ 4,041,293	$ (2,353,185)	$ 11,634,171	$ 4,449,982
Net earnings (loss) per Class A Equivalent common share	[1]	$ 0.18	$ 0.11	$ 0.53	$ 0.20
Net earnings (loss) per Class A Equivalent common share-assuming dilution	[1]	$ 0.18	$ 0.10	$ 0.51	$ 0.19
Weighted-average Class A equivalent common shares outstanding	[1]	22,063,495	21,976,292	22,066,243	22,213,846
Weighted-average Class A equivalent common shares outstanding-assuming dilution	[1]	22,831,726	22,695,996	22,700,342	23,036,213
[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		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net earnings (loss)		$ 4,041,293	$ (2,353,185)	$ 11,634,171	$ 4,449,982
Other comprehensive income:
Unrealized losses on fixed maturity securities available for sale		(6,805,602)	(13,523,240)	(6,580,750)	(41,845,274)
Unrealized gains (losses) on restricted assets	[1]	(12,284)	27,060	(14,340)	(88,058)
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(2,487)	28,931	(3,299)	(24,294)
Other comprehensive loss, before income tax		(6,820,373)	(13,467,249)	(6,598,389)	(41,957,626)
Income tax benefit		1,432,846	2,825,936	1,386,368	8,815,498
Other comprehensive loss, net of income tax		(5,387,527)	(10,641,313)	(5,212,021)	(33,142,128)
Comprehensive income (loss)		$ (1,346,234)	$ (12,994,498)	$ 6,422,150	$ (28,692,146)
[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
Balance at Dec. 31, 2021		$ 35,285,444	$ 5,733,130	$ 57,985,947	$ 18,070,448	$ 184,537,489	$ (1,845,624)	$ 299,766,834
Net earnings (loss)						3,228,718		3,228,718
Other comprehensive income (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)
Balance at Mar. 31, 2022		35,386,304	5,732,716	58,379,438	5,880,118	187,766,207	(843,916)	292,300,867
Balance at Dec. 31, 2021		35,285,444	5,733,130	57,985,947	18,070,448	184,537,489	(1,845,624)	299,766,834
Net earnings (loss)								4,449,982
Balance at Sep. 30, 2022		37,435,080	5,779,718	64,840,595	(15,071,680)	180,919,986	(5,041,822)	268,861,877
Balance at Mar. 31, 2022		35,386,304	5,732,716	58,379,438	5,880,118	187,766,207	(843,916)	292,300,867
Net earnings (loss)						3,574,449		3,574,449
Other comprehensive income (loss)					(10,310,485)			(10,310,485)
Stock-based compensation expense				220,175				220,175
Exercise of stock options		37,746		(2,440)				35,306
Sale of treasury stock				50,401			1,119,392	1,169,793
Purchase of treasury stock							(6,505,050)	(6,505,050)
Conversion Class C to Class A		154,218	(154,218)
Stock dividends		1,779,108	278,924	6,009,453		(8,067,485)
Balance at Jun. 30, 2022		37,357,376	5,857,422	64,657,027	(4,430,367)	183,273,171	(6,229,574)	280,485,055
Net earnings (loss)						(2,353,185)		(2,353,185)
Other comprehensive income (loss)					(10,641,313)			(10,641,313)
Stock-based compensation expense				230,853				230,853
Sale of treasury stock				(47,285)			1,187,752	1,140,467
Conversion Class C to Class A		77,704	(77,704)
Balance at Sep. 30, 2022		37,435,080	5,779,718	64,840,595	(15,071,680)	180,919,986	(5,041,822)	268,861,877
Balance 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 (loss)						1,240,172		1,240,172
Other comprehensive income (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)
Balance 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
Balance 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)	[1]							665,030
Net earnings (loss)								11,634,171
Balance at Sep. 30, 2023		40,015,222	5,943,708	72,190,361	(18,282,298)	204,117,486	(6,090,935)	297,893,544
Balance 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
Net earnings (loss)						6,352,706		6,352,706
Other comprehensive income (loss)					(3,952,052)			(3,952,052)
Stock-based compensation expense				141,954				141,954
Exercise of stock options		159,284		(154,424)				4,860
Sale of treasury stock				(54,350)			623,056	568,706
Purchase of treasury stock				126,990			(1,514,049)	(1,387,059)
Conversion Class C to Class A		113,930	(113,930)
Vesting of restricted stock units		810		(810)
Stock dividends		1,899,350	283,188	6,820,431		(9,002,969)
Balance at Jun. 30, 2023		39,787,400	5,947,104	71,685,665	(12,894,771)	200,078,709	(5,841,350)	298,762,757
Net earnings (loss)						4,041,293		4,041,293
Other comprehensive income (loss)					(5,387,527)			(5,387,527)
Stock-based compensation expense				145,973				145,973
Exercise of stock options		223,006		(196,926)				26,080
Sale of treasury stock				98,387			458,530	556,917
Purchase of treasury stock				456,166			(708,115)	(251,949)
Conversion Class C to Class A		3,396	(3,396)
Vesting of restricted stock units		810		(810)
Stock dividends		610		1,906		(2,516)
Balance at Sep. 30, 2023		$ 40,015,222	$ 5,943,708	$ 72,190,361	$ (18,282,298)	$ 204,117,486	$ (6,090,935)	$ 297,893,544
[1]See Note 2 of the notes to the condensed consolidated financial statements

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net cash provided by operating activities	$ 18,383,768	$ 109,318,230
Cash flows from investing activities:
Purchases of fixed maturity securities	(50,158,586)	(115,680,915)
Sales, calls and maturities of fixed maturity securities	33,160,924	11,695,675
Purchases of equity securities	(6,464,200)	(3,591,283)
Sales of equity securities	5,891,964	2,295,931
Purchases of restricted assets	(1,836,290)	(1,157,021)
Sales, calls and maturities of restricted assets	387,049
Purchases of cemetery perpetual care trust investments	(493,833)
Sales, calls and maturities of perpetual care trust investments	177,932	325,908
Mortgage loans held for investment, other investments and policy loans made	(467,172,350)	(569,434,389)
Payments received for mortgage loans held for investment, other investments and policy loans	532,511,486	577,997,140
Purchases of property and equipment	(791,569)	(966,375)
Sales of property and equipment		62,561
Purchases of real estate	(17,219,245)	(20,892,501)
Sales of real estate	25,727,541	22,941,365
Net cash provided by (used in) investing activities	53,720,823	(96,403,904)
Cash flows from financing activities:
Investment contract receipts	9,323,700	8,853,710
Investment contract withdrawals	(11,657,189)	(11,964,046)
Proceeds from stock options exercised	64,959	127,265
Purchases of treasury stock	(2,843,365)	(7,277,291)
Repayment of bank loans	(69,133,305)	(48,383,522)
Proceeds from bank loans	68,500,000	59,618,050
Net change in warehouse line borrowings for loans held for sale	(52,720,401)	(61,081,557)
Net cash used in financing activities	(58,465,601)	(60,107,391)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	13,638,990	(47,193,065)
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	147,122,807	94,221,217
Cash paid during the year for:
Interest	4,182,368	5,646,811
Income taxes (net of refunds)	18,911,907	468,578
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	6,111,550
Transfer from loans held for sale to mortgage loans held for investment	3,017,626	49,428,757
Benefit plans funded with treasury stock	1,702,781	4,214,440
Right-of-use assets obtained in exchange for operating lease liabilities	139,095	1,164,287
Right-of-use assets obtained in exchange for finance lease liabilities	12,332
Accrued real estate construction costs and retainage		1,401,437
Cash and cash equivalents	134,751,854	84,947,720
Restricted assets	10,946,379	8,276,613
Cemetery perpetual care trust investments	$ 1,424,574	$ 996,884

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ 4,041,293	$ 6,352,706	$ 1,240,172	$ (2,353,185)	$ 3,574,449	$ 3,228,718	$ 11,634,171	$ 4,449,982

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 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 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 and nine month periods ended September 30, 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 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 September 30, 2023 (Unaudited)

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The Company’s investments as of September 30, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 108,680,913 $ 5,981 $ (2,498,554 ) $ - $ 106,188,340 Obligations of states and political subdivisions 6,649,289 218 (586,789 ) - 6,062,718 Corporate securities including public utilities 231,814,067 600,075 (15,412,932 ) (211,500 ) 216,789,710 Mortgage-backed securities 32,889,293 13,422 (5,755,224 ) - 27,147,491 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 380,283,562 $ 629,696 $ (24,253,499 ) $ (211,500 ) $ 356,448,259 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Total equity securities at estimated fair value $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Mortgage loans held for investment at amortized cost: Residential $ 96,591,643 Residential construction 101,295,751 Commercial 55,991,027 Less: Unamortized deferred loan fees, net (1,629,546 ) Less: Allowance for credit losses (2,612,944 ) Less: Net discounts (328,833 ) Total mortgage loans held for investment $ 249,307,098 Real estate held for investment - net of accumulated depreciation: Residential $ 38,034,997 Commercial 146,656,466 Total real estate held for investment $ 184,691,463 Real estate held for sale: Residential $ 2,285,707 Commercial 2,478,660 Total real estate held for sale $ 4,764,367 Other investments and policy loans at amortized cost: Policy loans $ 13,154,845 Insurance assignments 42,624,001 Federal Home Loan Bank stock (2) 2,699,300 Other investments 9,330,532 Less: Allowance for credit losses for insurance assignments (1,555,261 ) Total other investments and policy loans $ 66,253,417 Accrued investment income $ 12,266,695 Total investments $ 886,040,843 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,600 1,720,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 2023 (Unaudited) 3) Investments Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2023, and December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations. 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 September 30, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 331,740 $ 36,115,986 $ 2,166,815 $ 69,967,155 $ 2,498,555 $ 106,083,141 Obligations of States and Political Subdivisions 155,458 1,469,753 431,331 4,142,748 586,789 5,612,501 Corporate Securities 4,092,910 86,409,480 11,320,021 106,047,158 15,412,931 192,456,638 Mortgage and other asset-backed securities 123,790 4,627,445 5,631,434 22,003,452 5,755,224 26,630,897 Totals $ 4,703,898 $ 128,622,664 $ 19,549,601 $ 202,160,513 $ 24,253,499 $ 330,783,177 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 Relevant holdings were comprised of 816 securities with fair values aggregating 93.2% 93.1% 1,741 nil 222,264 nil SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments 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”) and other industry rating agencies. Securities with a rating of 1 or 2 are considered investment grade and are not reviewed for credit loss, unless current market data or recent company news could lead to a credit downgrade. Securities with ratings of 3 to 5 are evaluated for credit loss. 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. Securities with a rating of 6 are automatically determined to be impaired and a credit loss is recognized in earnings. 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 at 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 a debt security and it is less likely than not that the Company will be required to sell the debt security but the Company also does not expect to recover the entire amortized cost basis of the security, a credit loss is 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 that 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments 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 98.2% 97.7% The following table summarizes the credit quality, by NAIC designation, of the Company’s fixed maturity securities available for sale, excluding redeemable preferred stock. Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation September 30, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 210,224,246 $ 198,601,878 $ 197,753,818 $ 189,691,540 2 162,752,957 151,279,566 156,261,804 148,073,873 3 5,329,117 4,890,504 7,080,305 6,635,786 4 1,462,481 1,325,409 1,377,541 1,157,454 5 263,504 90,901 25,736 39,155 6 1,257 1 1,307 684 Total $ 380,033,562 $ 356,188,259 $ 362,500,511 $ 345,598,492 The following tables 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 Nine Months Ended September 30, 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 - December 31, 2022 $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - 42,764 - 42,764 Reductions for securities sold during the period - - (10,764 ) - (10,764 ) 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 - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments Three Months Ended September 30, 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 - June 30, 2023 $ - $ - $ 224,005 $ - $ 224,005 Beginning balance $ - $ - $ 224,005 $ - $ 224,005 Additions for credit losses not previously recorded - - - - - Change in allowance on securities with previous allowance - - (1,741 ) - (1,741 ) Reductions for securities sold during the period - - (10,764 ) - (10,764 ) 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 - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 Ending balance $ - $ - $ 211,500 $ - $ 211,500 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 September 30 $ 225,475 The table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 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 $ 6,818,008 $ 6,812,398 Due in 2-5 years 160,874,392 155,802,499 Due in 5-10 years 93,763,663 88,297,470 Due in more than 10 years 85,688,206 78,128,401 Mortgage-backed securities 32,889,293 27,147,491 Redeemable preferred stock 250,000 260,000 Total $ 380,283,562 $ 356,448,259 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). The Company had pledged a total of $ 92,437,113 nil 85,218,402 Information regarding sales of fixed maturity securities available for sale is presented as follows: Schedule of Major Categories of Net Investment Income 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Proceeds from sales $ 207,522 $ 1,198,240 $ 1,163,132 $ 1,886,891 Gross realized gains - 21,926 11,257 24,281 Gross realized losses (3,368 ) (24,811 ) (57,472 ) (32,656 ) Assets on deposit with life insurance regulatory authorities as required by law were as follows: Schedule of Assets on Deposit With Life Insurance As of September 30, 2023 As of December 31, 2022 Fixed maturity securities available for sale $ 6,248,114 $ 8,817,959 Cash and cash equivalents 1,956,777 2,214,206 Total $ 8,204,891 $ 11,032,165 There were no investments, aggregated by issuer, of more than 10% of shareholders’ equity (before net unrealized gains and losses on equity securities and fixed maturity securities) as of September 30, 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 assets 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 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 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 September 30, 2023 (Unaudited) 3) Investments The aggregated net book value of commercial real estate serving as collateral for bank loans was $ 125,641,402 129,330,119 98,250,725 97,112,131 During the three and nine month periods ended September 30, 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 September 30, 2023, and 2022, the Company recorded depreciation expense on commercial real estate held for investment of $ 1,572,494 1,604,195 4,715,322 4,593,468 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 September 30, December 31, September 30, December 31, Utah (1) $ 143,735,609 $ 147,627,946 625,920 625,920 Louisiana 19,416 2,380,847 1,622 31,778 Mississippi 2,901,441 2,881,863 19,694 19,694 $ 146,656,466 $ 152,890,656 647,236 677,392 (1) Includes Center53 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Louisiana $ 2,327,107 $ - 30,156 - Mississippi (1) 151,553 151,553 - - $ 2,478,660 $ 151,553 30,156 - (1) Consists of approximately 93 acres of undeveloped land These properties are being marketed with the assistance of commercial real estate brokers in Mississippi and Louisiana. Residential Real Estate Held for Investment and Held for Sale The Company occasionally acquires a small portfolio of residential homes primarily because 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 development. 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments During the three and nine month periods ended September 30, 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 September 30, 2023, and 2022, the Company recorded depreciation expense on residential real estate held for investment of $ 2,648 2,648 7,944 7,944 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 September 30, December 31, Utah (1) $ 38,034,997 $ 38,437,960 $ 38,034,997 $ 38,437,960 (1) Includes residential subdivision development The following table presents additional information regarding the Company’s residential subdivision development in Utah: September 30, December 31, Lots developed 50 80 Lots to be developed 1,080 1,131 Book Value $ 37,846,685 $ 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 September 30, December 31, Utah $ 2,285,707 (1) $ 11,010,029 $ 2,285,707 $ 11,010,029 (1) Unimproved land The net book value of foreclosed residential real estate included in residential real estate held for sale was nil 11,010,029 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 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 the relevant debtors’ ability to honor obligations is dependent upon the economic stability of the geographic region in which the debtors do business or are employed. As of September 30, 2023, the Company had 45% 12% 9% 7% 6% 64% 10% 5% 5% 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 terms 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 of more than 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 September 30, 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 reverse any interest income that had been accrued. Given this policy, the Company does not measure a credit loss allowance on accrued interest receivable. 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 when received. The interest income recognized from 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 $ 249,000 226,000 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. To determine 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 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 September 30, 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 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 September 30, 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) (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) 67,246 52,797 (142,440 ) (22,397 ) Charge-offs - - - - Ending balance - September 30, 2023 $ 810,182 $ 1,600,170 $ 202,592 $ 2,612,944 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 (2) - 270,409 - 270,409 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 September 30, 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 September 30, 2023 30-59 days past due $ 3,139,403 $ 3,816,822 $ 805,766 $ 7,761,991 60-89 days past due - 1,795,326 - 1,795,326 Over 90 days past due (1) 1,646,508 3,778,582 1,005,417 6,430,507 In process of foreclosure (1) - 276,580 - 276,580 Total past due 4,785,911 9,667,310 1,811,183 16,264,404 Current 51,205,116 86,924,333 99,484,568 237,614,017 Total mortgage loans 55,991,027 96,591,643 101,295,751 253,878,421 Allowance for credit losses (810,182 ) (1,600,170 ) (202,592 ) (2,612,944 ) Unamortized deferred loan fees, net (145,572 ) (1,129,517 ) (354,457 ) (1,629,546 ) Unamortized discounts, net (220,276 ) (108,557 ) - (328,833 ) Net mortgage loans held for investment $ 54,814,997 $ 93,753,399 $ 100,738,702 $ 249,307,098 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 held for investment $ 45,694,074 $ 90,290,776 $ 172,139,077 $ 308,123,927 (1) Interest income is not recognized on loans which are more than 90 days past due or in foreclosure. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Fina

Loans Held for Sale

Loans Held for Sale	9 Months Ended
	Sep. 30, 2023
Loans Held For Sale
Loans Held for Sale	4) Loans Held for Sale The Company’s loans held for sale portfolio is valued using the fair value option. 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 recognition of mortgage loan interest income 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 September 30, As of December 31, Aggregate fair value $ 152,546,566 $ 141,179,620 Unpaid principal balance 153,420,558 141,337,811 Unrealized loss (873,992 ) (158,191 ) Mortgage Fee Income Mortgage fee income consists of origination fees, processing fees, interest income and 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 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Loan fees $ 6,033,227 $ 4,729,445 $ 16,408,443 $ 19,766,856 Interest income 2,637,971 2,570,511 7,265,516 7,525,826 Secondary gains 17,625,394 28,940,898 54,884,965 103,336,118 Change in fair value of loan commitments (1,504,286 ) (3,271,282 ) (977,716 ) (2,843,155 ) Change in fair value of loans held for sale (108,676 ) (4,131,363 ) (715,799 ) (7,973,171 ) Provision (release) for loan loss reserve 252,389 (230,321 ) 138,369 (829,243 ) Mortgage fee income $ 24,936,019 $ 28,607,888 $ 77,003,778 $ 118,983,231 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 can resolve the issues relating to the repurchase demand by the third-party investor without having to make any payments to the investor. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, As of December 31, Balance, beginning of period $ 1,725,667 $ 2,447,139 Provision on current loan originations (1) 770,220 1,078,812 Charge-offs, net of recaptured amounts (1,804,134 ) (1,800,284 ) Balance, end of period $ 691,753 $ 1,725,667 (1) Included in mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the nine month period ended September 30, 2023, $ 770,220 450 1,000,000 829,243 290 1,000,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	5) Stock Compensation Plans The Company has equity incentive plans (the “2013 Plan”, the “2014 Director Plan” and the “2022 Plan”). Stock Options Stock based compensation expense for stock options issued of $ 145,973 230,853 430,856 722,775 102,775 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 nine month period ended September 30, 2023, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price (2) Outstanding at January 1, 2023 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 16,000 - Exercised (233,180 ) - Cancelled - - Outstanding at September 30, 2023 797,691 $ 4.78 1,215,062 $ 5.31 As of September 30, 2023: Options exercisable 770,066 $ 4.73 1,141,312 $ 5.25 As of September 30, 2023: Available options for future grant 171,386 834,750 Weighted average contractual term of options outstanding at September 30, 2023 4.69 6.15 Weighted average contractual term of options exercisable at September 30, 2023 4.53 6.03 Aggregated intrinsic value of options outstanding at September 30, 2023 (1) $ 2,438,675 $ 3,074,037 Aggregated intrinsic value of options exercisable at September 30, 2023 (1) $ 2,398,360 $ 2,955,012 (1) The Company used a stock price of $ 7.84 (2) Adjusted for the effect of annual stock dividends. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 5) Stock Compensation Plans Activity of the stock option plans during the nine month period ended September 30, 2022, is summarized as follows: Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price (2) Outstanding at January 1, 2022 1,024,351 $ 4.38 821,146 $ 5.26 Adjustment for the effect of stock dividends 47,780 41,057 Granted 4,000 - Exercised (71,330 ) - Cancelled (1,591 ) - Outstanding at September 30, 2022 1,003,210 $ 4.58 862,203 $ 5.26 As of September 30, 2022: Options exercisable 978,835 $ 4.49 804,703 $ 5.04 As of September 30, 2022: Available options for future grant 1,239,795 17,523 Weighted average contractual term of options outstanding at September 30, 2022 4.32 6.75 Weighted average contractual term of options exercisable at September 30, 2022 4.19 6.63 Aggregated intrinsic value of options outstanding at September 30, 2022 (1) $ 1,775,100 $ 939,395 Aggregated intrinsic value of options exercisable at September 30, 2022 (1) $ 1,819,950 $ 1,055,445 (1) The Company used a stock price of $ 6.35 (2) Adjusted for the effect of annual stock dividends. The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during the nine month periods ended September 30, 2023 and 2022 was $ 454,923 521,527 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 5) Stock Compensation Plans Restricted Stock Units (“RSUs”) Stock based compensation expense for RSUs issued of nil 742 nil nil Activity of the RSUs during the nine month period ended September 30, 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 (810 ) Non-vested at September 30, 2023 810 $ 6.48 Available RSUs for future grant $ 18,380 Aggregated intrinsic value of RSUs outstanding at September 30, 2023 (1) $ 1,102 (1) The Company used a stock price of $ 7.84 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 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 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net earnings (loss) $ 4,041,293 $ (2,353,185 ) $ 11,634,171 $ 4,449,982 Denominator: Basic weighted-average shares outstanding 22,063,495 21,976,292 22,066,243 22,213,846 Effect of dilutive securities: Employee stock options 768,231 719,704 634,099 822,367 Diluted weighted-average shares outstanding 22,831,726 22,695,996 22,700,342 23,036,213 Basic net earnings (loss) per share $ 0.18 $ ( 0.11 ) $ 0.53 $ 0.20 Diluted net earnings (loss) per share $ 0.18 $ ( 0.10 ) $ 0.51 $ 0.19 For the nine month periods ended September 30, 2023, and 2022, there were 55,125 339,150 The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock Class A Class C Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 69,096 - Vesting of restricted stock units - - Stock dividends 889,554 139,462 Conversion of Class C to Class A 116,168 (116,168 ) Outstanding shares at September 30, 2022 18,717,540 2,889,859 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 239,191 - Vesting of restricted stock units 810 - Stock dividends 949,980 141,594 Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at September 30, 2023 20,007,611 2,971,854 Common stock, shares, outstanding, ending 20,007,611 2,971,854 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 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 September 30, 2023 (Unaudited) 7) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Consolidated For the Three Months Ended September 30, 2023 Revenues from external customers $ 47,199,169 $ 7,416,423 $ 25,626,135 $ - $ 80,241,727 Intersegment revenues 2,330,292 85,699 133,639 (2,549,630 ) - Segment profit (loss) before income taxes 7,175,181 1,469,592 (3,486,083 ) - 5,158,690 For the Nine Months Ended September 30, 2023 Revenues from external customers $ 140,685,555 $ 23,427,327 $ 79,475,738 $ - $ 243,588,620 Intersegment revenues 6,357,810 254,302 393,145 (7,005,257 ) - Segment profit (loss) before income taxes 20,017,102 6,082,343 (11,206,534 ) - 14,892,911 Identifiable Assets $ 1,299,027,212 $ 92,299,022 $ 107,800,781 $ (90,608,563 ) $ 1,408,518,452 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,301,792,782 $ 94,787,235 $ 107,800,781 $ (90,608,563 ) $ 1,413,772,235 For the Three Months Ended September 30, 2022 Revenues from external customers $ 43,118,076 $ 6,691,998 $ 33,667,146 $ - $ 83,477,220 Intersegment revenues 1,723,812 91,699 101,019 (1,916,530 ) - Segment profit (loss) before income taxes 4,233,619 901,084 (8,437,047 ) - (3,302,344 ) For the Nine Months Ended September 30, 2022 Revenues from external customers $ 125,786,154 $ 21,446,210 $ 134,237,417 $ - $ 281,469,781 Intersegment revenues 5,495,578 359,439 253,554 (6,108,571 ) - Segment profit (loss) before income taxes 8,981,888 4,407,339 (7,518,209 ) - 5,871,018 Identifiable Assets $ 1,222,265,692 $ 80,402,663 $ 239,915,479 $ (87,763,750 ) $ 1,454,820,084 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,225,031,262 $ 82,890,876 $ 239,915,479 $ (87,763,750 ) $ 1,460,073,867 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments The items shown under Level 3 are valued as follows: Loans Held for Sale Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will be funded within the terms of the commitments. Impaired Mortgage Loans Held for Investment Impaired Real Estate Held for Investment It should be noted that for replacement cost, when determining the fair value of real estate held for investment, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company uses market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparable properties and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of September 30, 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 Fixed maturity securities available for sale $ 356,448,259 $ - $ 355,216,072 $ 1,232,187 Equity securities 12,309,544 12,309,544 - - Loans held for sale 152,546,566 - - 152,546,566 Restricted assets (1) 1,534,526 - 1,534,526 - Restricted assets (2) 6,312,610 6,312,610 - - Cemetery perpetual care trust investments (1) 367,392 - 367,392 - Cemetery perpetual care trust investments (2) 3,855,805 3,855,805 - - Derivatives - loan commitments (3) 4,817,703 - - 4,817,703 Total assets accounted for at fair value on a $ 538,192,405 $ 22,477,959 $ 357,117,990 $ 158,596,456 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) (3,088,542 ) - - (3,088,542 ) Total liabilities accounted for at fair value $ (3,088,542 ) $ - $ - $ (3,088,542 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of 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 (2) 5,348,244 5,348,244 - - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - 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 ) 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 September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of September 30, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted September 30, 2023 Technique Input(s) Value Value Average Loans held for sale $ 152,546,566 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 107.0 % 99.0 % Derivatives - loan commitments (net) 1,729,161 Market approach Pull-through rate 70.0 % 95.0 % 88.0 % Initial-Value N/A N/A N/A Servicing 0 bps 138 bps 61 bps Fixed maturity securities available for sale 1,232,187 Broker quotes Pricing quotes $ 98.40 $ 100.00 $ 99.32 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 December 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 September 30, 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 nine month period ended September 30, 2023: Schedule of Changes in 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 - 1,708,831,185 - Sales, maturities and paydowns - (1,726,023,095 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (977,716 )(1) 31,576,482 (1) (109 )(2) Included in other comprehensive income - - (73,702 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 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 - 2,837,349,328 - Sales, maturities and paydowns - (2,987,906,269 ) (368,980 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (2,843,155 )(1) 59,190,794 (1) 1,957 (2) Included in other comprehensive income - - (31,127 ) Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2023 $ 3,233,447 $ 161,310,060 $ 1,431,874 Originations and purchases - 569,095,944 - Sales, maturities and paydowns - (585,545,472 ) (129,521 ) Transfer to mortgage loans held for investment - (1,867,552 ) Total gains (losses): Included in earnings (1,504,286 )(1) 9,553,586 (1) (109 )(2) Included in other comprehensive income - - (70,057 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (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 period ended September 30, 2022: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2022 $ 7,443,642 $ 209,860,409 $ 1,962,789 Originations and purchases - 787,389,868 - Sales, maturities and paydowns - (800,430,402 ) (344,630 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (3,271,282 )(1) 14,590,805 (1) - (2) Included in other comprehensive income - - 7,039 Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments The Company did not have any financial assets and financial liabilities measured at fair value on a nonrecurring basis as of September 30, 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 as of 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 $ 471,786 $ - $ - $ 471,786 Total assets accounted for at fair value on a nonrecurring basis $ 471,786 $ - $ - $ 471,786 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments Fair Value of Financial Instruments Carried at Other Than Fair Value ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction as of September 30, 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 September 30, 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 $ 93,753,399 $ - $ - $ 91,471,266 $ 91,471,266 Residential construction 100,738,702 - - 100,740,713 100,740,713 Commercial 54,814,997 - - 53,928,941 53,928,941 Mortgage loans held for investment, net $ 249,307,098 $ - $ - $ 246,140,920 $ 246,140,920 Policy loans 13,154,845 - - 13,154,845 13,154,845 Insurance assignments, net (1) 41,068,740 - - 41,068,740 41,068,740 Restricted assets (2) 1,113,970 - - 1,113,970 1,113,970 Cemetery perpetual care trust investments (2) 1,962,587 - - 1,962,587 1,962,587 Mortgage servicing rights, net 3,494,723 - - 5,012,375 5,012,375 Liabilities Bank and other loans payable $ (108,431,028 ) $ - $ - $ (108,431,028 ) $ (108,431,028 ) Policyholder account balances (3) (39,988,385 ) - - (41,141,921 ) (41,141,921 ) Future policy benefits - annuities (3) (106,278,388 ) - - (123,165,600 ) (123,165,600 ) (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 September 30, 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 September 30, 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	9 Months Ended
	Sep. 30, 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 several 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 consider all 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 be funded within the terms of the commitments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 9) Derivative Instruments 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 September 30, 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 $ 268,292,962 $ 4,817,703 $ 3,088,542 $ 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 $ 268,292,962 $ 4,817,703 $ 3,088,542 $ 454,894,908 $ 4,089,859 $ 1,426,582 The table below presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30, Nine Months Ended September 30, Derivative Classification 2023 2022 2023 2022 Loan commitments Mortgage fee income $ (1,504,286 ) $ (3,271,282 ) $ (977,716 ) $ (2,843,155 ) Call and put options Gains on investments and other assets $ - $ 50,045 $ 49,963 $ 176,274 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks of more than 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 line of credit with Wells Fargo Bank N.A. This agreement allows SecurityNational Mortgage to borrow up to $ 100,000,000 October 31, 2023 1.00 The Company, through its subsidiary SecurityNational Mortgage, has a line of credit with Texas Capital Bank N.A. This agreement allows SecurityNational Mortgage to borrow up to $ 100,000,000 November 30, 2024 1.00 The Company through its subsidiary SecurityNational Mortgage, has a line of credit with U.S Bank. This agreement allows SecurityNational Mortgage to borrow up to $ 25,000,000 December 1, 2023 1.00 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 10) Reinsurance, Commitments and Contingencies The agreements for the Warehouse Lines of Credit include cross default provisions where certain events of default under other of SecurityNational Mortgage’s obligations constitute events of default under the Warehouse Lines of Credit. As of September 30, 2023, the Company was not in compliance with the net income covenant of the Warehouse Lines of Credit and has received or is in the process of receiving waivers under the Warehouse Lines of Credit from the warehouse banks. In the unlikely event the Company is required to repay the outstanding advances of approximately $ 10,200,000 Other Contingencies and Commitments The Company has commitments to fund existing construction and land development loans pursuant to the various loan agreements. As of September 30, 2023, the Company’s commitments were approximately $ 157,247,000 104,378,000 50 80 5.25 8.50 The Company belongs to a captive insurance group (“the captive group”) for certain casualty insurance, worker compensation and general liability programs. The captive group maintains insurance reserves 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 group considers several 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 from the Company and its members. The estimation process contains uncertainty since captive insurance management must use judgment to estimate the ultimate cost that will be incurred to settle reported claims and unreported claims for incidents incurred but not reported as of the balance sheet date. The Company is a defendant in various other legal actions arising from the normal conduct of business. Management believes that none of the actions, if adversely determined, will have a material effect on the Company’s financial position or results of operations. Based on management’s assessment and legal counsel’s representations concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements. The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights	11) Mortgage Servicing Rights The Company initially records its 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. The Company periodically reviews the various loan strata to determine whether the value of the MSRs in each stratum is impaired and likely to recover. If the Company 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 September 30, 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) 907,546 10,243,922 Amortization (2) (452,588 ) (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 $ 3,494,723 $ 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 $ 3,494,723 $ 3,039,765 Estimated fair value of MSRs at end of period $ 5,012,375 $ 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 September 30, 2023 (Unaudited) 11) Mortgage Servicing Rights (Continued) The table below summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the Company’s assumptions in its September 30, 2023 valuation of MSRs. The assumptions used in the following table are likely to change as market conditions, portfolio composition and borrower behavior change, causing both actual and projected amortization levels to change over time. Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2023 351,687 2024 317,526 2025 293,311 2026 265,639 2027 240,113 Thereafter 2,026,447 Total $ 3,494,723 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Contractual servicing fees $ 249,050 $ 4,644,397 $ 892,668 $ 13,845,626 Late fees 21,037 107,219 84,358 288,854 Total $ 270,087 $ 4,751,616 $ 977,026 $ 14,134,480 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 September 30, As of December 31, 2022 Servicing UPB $ 411,911,166 $ 360,023,384 The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount September 30, 2023 8.00 8.59 12.22 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 September 30, 2023 (Unaudited)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	12) Income Taxes The Company’s overall effective tax rate for the three month periods ended September 30, 2023 and 2022 was 21.7 28.7 1,117,397 (949,159) 21.9 24.2 3,258,740 1,421,036 21 Interim income taxes are based on an estimated annualized effective tax rate applied to the respective quarterly periods, adjusted for discrete tax items in the period in which they occur. Although the Company believes its tax estimates are reasonable, the Company can make no assurance that the final tax outcome of these matters will not be different from that which it has reflected in its historical income tax provisions and accruals.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	9 Months Ended
	Sep. 30, 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 Complete payment of the contract does not constitute fulfillment of the performance obligation. Goods or services are deferred until such a 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. The transfer of goods and services does not fulfill an obligation and revenue remains deferred. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 13) Revenues from Contracts with Customers The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2023) $ 5,392,779 $ - $ 16,226,836 Closing (September 30, 2023) 6,088,152 - 17,573,212 Increase/(decrease) 695,373 - 1,346,376 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2022) $ 5,298,636 $ - $ 14,508,022 Closing (December 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 September 30, 2023 and 2022 was $ 1,279,750 1,034,035 3,516,215 3,624,463 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Major goods/service lines At-need $ 4,832,352 $ 4,839,289 $ 14,985,838 $ 16,304,276 Pre-need 2,401,679 1,631,074 5,888,336 4,622,311 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587 Timing of Revenue Recognition Goods transferred at a point in time $ 4,762,777 $ 4,040,381 $ 13,321,412 $ 12,815,582 Services transferred at a point in time 2,471,254 2,429,982 7,552,762 8,111,005 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 13) Revenues from Contracts with Customers The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587 Losses on investments and other assets (452,120 ) (640,593 ) (200,610 ) (1,615,253 ) Net investment income 516,094 681,239 2,460,859 1,916,970 Other revenues 118,418 180,989 292,904 217,906 Revenues from external customers 7,416,423 6,691,998 23,427,327 21,446,210

Receivables

Receivables	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Receivables	14) Receivables Receivables consist of the following: Schedule of Receivables As of September 30, 2023 As of December 31, 2022 Contracts with customers $ 6,088,152 $ 5,392,779 Receivables from sales agents 2,527,586 2,209,185 Other 8,404,014 23,200,919 Total receivables 17,019,752 30,802,883 Allowance for doubtful accounts (1,520,801 ) (2,229,791 ) Net receivables $ 15,498,951 $ 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 (1) (597,430 ) Charge-offs (111,560 ) Ending balance - September 30, 2023 $ 1,520,801 Beginning balance - January 1, 2022 $ 1,800,725 Change in provision for credit losses (1) 799,888 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 September 30, 2023 (Unaudited)

Cemetery Perpetual Care Trust I

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	9 Months Ended
	Sep. 30, 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. The Company is the primary beneficiary of these trusts, as it absorbs both the losses and any expenses 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 September 30, 2023, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 208,568 $ 668 $ (2,297 ) $ - $ 206,939 Obligations of states and political subdivisions 129,509 - (9,169 ) - 120,340 Corporate securities including public utilities 41,086 - (973 ) - 40,113 Total fixed maturity securities available for sale $ 379,163 $ 668 $ (12,439 ) $ - $ 367,392 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,507,720 $ 624,037 $ (275,952 ) $ 3,855,805 Total equity securities at estimated fair value $ 3,507,720 $ 624,037 $ (275,952 ) $ 3,855,805 Mortgage loans held for investment at amortized cost: Residential construction $ 1,966,520 Less: Allowance for credit losses (3,933 ) Total mortgage loans held for investment $ 1,962,587 Real estate held for investment: Residential $ 30,632 Cash and cash equivalents $ 1,424,574 Total cemetery perpetual care trust investments $ 7,640,990 Cemetery perpetual care obligation $ (5,265,166 ) Trust investments in excess of trust obligations $ 2,375,824 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations 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 table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2023 and December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: 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 September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 2,297 $ 139,633 $ - $ - $ 2,297 $ 139,633 Obligations of states and political subdivisions - - 9,169 120,340 9,169 120,340 Corporate securities including public utilities - - 973 40,113 973 40,113 Total unrealized losses $ 2,297 $ 139,633 $ 10,142 $ 160,453 $ 12,439 $ 300,086 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 September 30, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets Relevant holdings were comprised of four securities with fair values aggregating 96.0 96.4 No The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 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 $ 29,573 $ 30,000 Due in 2-5 years 254,242 245,011 Due in 5-10 years 41,086 40,113 Due in more than 10 years 54,262 52,268 Total $ 379,163 $ 367,392 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets Restricted assets as of September 30, 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 September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 389,641 $ 924 $ (4,002 ) $ - $ 386,563 Obligations of states and political subdivisions 771,564 201 (19,526 ) - 752,239 Corporate securities including public utilities 405,171 - (9,447 ) - 395,724 Total fixed maturity securities available for sale $ 1,566,376 $ 1,125 $ (32,975 ) $ - $ 1,534,526 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,011,816 $ 739,197 $ (438,403 ) $ 6,312,610 Total equity securities at estimated fair value $ 6,011,816 $ 739,197 $ (438,403 ) $ 6,312,610 Mortgage loans held for investment at amortized cost: Residential construction $ 1,116,202 Less: Allowance for credit losses (2,232 ) Total mortgage loans held for investment $ 1,113,970 Cash and cash equivalents (1) $ 10,946,379 Total restricted assets $ 19,907,485 (1) Including cash and cash equivalents of $ 8,224,592 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2023 and December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities. 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 September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 4,002 $ 243,232 $ - $ - $ 4,002 $ 243,232 Obligations of states and political subdivisions 3,189 71,811 16,337 580,227 19,526 652,038 Corporate securities including public utilities 1,016 101,649 8,431 294,075 9,447 395,724 Total unrealized losses $ 8,207 $ 416,692 $ 24,768 $ 874,302 $ 32,975 $ 1,290,994 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 Relevant holdings were comprised of 16 securities with fair values aggregating 97.5 98.2 No The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 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 702,873 692,458 Due in 5-10 years 111,301 110,090 Due in more than 10 years 752,202 731,978 Total $ 1,566,376 $ 1,534,526 See Notes 3 and 8 for additional information regarding restricted assets and cemetery perpetual care trust investments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (loss)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (loss)	16) Accumulated Other Comprehensive Income (loss) The following table summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unrealized losses on fixed maturity securities available for sale $ (6,725,752 ) $ (13,527,157 ) $ (6,310,923 ) $ (42,014,068 ) Amounts reclassified into net earnings (loss) (79,850 ) 3,917 (269,827 ) 168,794 Net unrealized losses before taxes (6,805,602 ) (13,523,240 ) (6,580,750 ) (41,845,274 ) Tax benefit 1,429,176 2,839,881 1,381,958 8,787,509 Net (5,376,426 ) (10,683,359 ) (5,198,792 ) (33,057,765 ) Unrealized gains (losses) on restricted assets (1) (12,284 ) 27,060 (14,340 ) (88,058 ) Tax benefit (expense) 3,060 (6,741 ) 3,572 21,935 Net (9,224 ) 20,319 (10,768 ) (66,123 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (2,487 ) 28,931 (3,299 ) (24,294 ) Tax benefit (expense) 610 (7,204 ) 838 6,054 Net (1,877 ) 21,727 (2,461 ) (18,240 ) Other comprehensive loss changes $ (5,387,527 ) $ (10,641,313 ) $ (5,212,021 ) $ (33,142,128 ) (1) Fixed maturity securities available for sale The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance September 30, Unrealized losses on fixed maturity securities available for sale $ (13,050,767 ) $ (5,198,792 ) $ (18,249,559 ) Unrealized losses on restricted assets (1) (13,148 ) (10,768 ) (23,916 ) Unrealized losses on cemetery perpetual care trust investments (1) (6,362 ) (2,461 ) (8,823 ) Other comprehensive loss $ (13,070,277 ) $ (5,212,021 ) $ (18,282,298 ) (1) Fixed maturity securities available for sale The following table presents 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 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Overview The Company’s operations over the last several years generally reflect three strategies which the Company expects to continue: (i) increased attention to “niche” insurance products, such as the Company’s funeral plan policies and traditional whole life products; (ii) increased emphasis on the cemetery and mortuary business; and (iii) capitalizing on an improving housing market by originating mortgage loans. Insurance Operations The Company’s life insurance business includes funeral plans and interest-sensitive life insurance, as well as other traditional life, accident and health insurance products. The Company places specific marketing emphasis on funeral plans through pre-need planning. A funeral plan is a small face value life insurance policy that generally has face coverage of up to $30,000. The Company believes that funeral plans represent a marketing niche that is less competitive because most insurance companies do not offer similar coverage. The purpose of the funeral plan policy is to pay the costs and expenses incurred at the time of a person’s death. On a per thousand-dollar cost of insurance basis, these policies can be more expensive to the policyholder than many types of non-burial insurance due to their low face amount, requiring the fixed cost of the policy administration to be distributed over a smaller policy size, and the simplified underwriting practices that result in higher mortality costs. The following table shows the condensed financial results of the insurance operations for the three and nine month periods ended September 30, 2023, and 2022. See Note 7 to the condensed consolidated financial statements. Three months ended September 30, Nine months ended September 30, 2023 2022 % Increase (Decrease) 2023 2022 % Increase (Decrease) Revenues from external customers Insurance premiums $ 28,906 $ 26,237 10 % $ 85,687 $ 78,491 9 % Mortgage fee income 10 - 100 % 76 - 100 % Net investment income 18,434 17,562 5 % 53,609 47,269 13 % Losses on investments and other assets (516 ) (1,538 ) (66 )% (1 ) (1,697 ) (100 )% Other 365 857 (57 )% 1,314 1,723 (24 )% Total $ 47,199 $ 43,118 9 % $ 140,685 $ 125,786 12 % Intersegment revenue $ 2,330 $ 1,724 35 % $ 6,358 $ 5,496 16 % Earnings before income taxes $ 7,175 $ 4,234 69 % $ 20,017 $ 8,982 123 % Intersegment revenues are primarily interest income from the warehouse lines of credit for loans held for sale provided to SecurityNational Mortgage Company (“SecurityNational Mortgage”). Profitability for the nine month period ended September 30, 2023 increased due to (a) a $7,081,000 increase in insurance premiums and other considerations, (b) a $6,340,000 increase in net investment income, (c) a $2,049,000 decrease in selling, general and administrative expenses, (d) a $1,696,000 increase in gains on investments and other assets, (e) a $862,000 increase in intersegment revenue, and (f) a $76,000 increase in mortgage fee income, which were partially offset by (i) a $5,270,000 increase in future policy benefits, (ii) a $827,000 increase in death, surrenders and other policy benefits, (iii) a $408,000 increase in interest expense, (iv) a $294,000 decrease in other revenues, (v) a $158,000 increase in intersegment interest expense and other expenses, and (vi) a $112,000 increase in amortization of deferred policy acquisition costs. Cemetery and Mortuary Operations The Company sells mortuary services and products through its nine mortuaries in Utah and three mortuaries in New Mexico. The Company also sells cemetery products and services through its five cemeteries in Utah, one cemetery in San Diego County, California, and one cemetery in Santa Fe, New Mexico. At-need product sales and services are recognized as revenue when the services are performed or when the products are delivered. Pre-need cemetery product sales are deferred until the merchandise is delivered and services performed. Recognition of revenue for cemetery land sales occurs when 10% of the purchase price is received. The following table shows the condensed financial results of the cemetery and mortuary operations for the three and nine month periods ended September 30, 2023, and 2022. See Note 7 to the condensed consolidated financial statements. Three months ended September 30, Nine months ended September 30, 2023 2022 % Increase (Decrease) 2023 2022 % Increase (Decrease) Revenues from external customers Mortuary revenues $ 2,910 $ 3,027 (4 )% $ 9,310 $ 9,899 (6 )% Cemetery revenues 4,324 3,443 26 % 11,564 11,027 5 % Net investment income 516 681 (24 )% 2,461 1,917 28 % Losses on investments and other assets (453 ) (640 ) (29 )% (201 ) (1,615 ) (88 )% Other 119 181 (34 )% 293 218 34 % Total $ 7,416 $ 6,692 11 % $ 23,427 $ 21,446 9 % Earnings before income taxes $ 1,470 $ 901 63 % $ 6,082 $ 4,407 38 % Profitability in the nine month period ended September 30, 2023 increased due to (a) a $1,415,000 increase in gains on investments and other assets, (b) a $1,266,000 increase in cemetery pre-need sales, (c) a $544,000 increase in net investment income, (d) a $75,000 increase in other revenues, (e) a $33,000 decrease in intersegment interest expense and other expenses, (f) a $14,000 decrease in cost of goods and services sold, and (g) an $8,000 decrease in amortization of deferred policy acquisition costs, which were partially offset by (i) a $729,000 decrease in cemetery at-need sales, (ii) a $589,000 decrease in mortuary at-need sales, (iii) a $256,000 increase in selling, general and administrative expenses, and (iv) a $105,000 decrease in intersegment revenues. Mortgage Operations The Company’s wholly owned subsidiary, SecurityNational Mortgage, is a mortgage lender incorporated under the laws of the State of Utah and approved and regulated by the Federal Housing Administration (FHA), a department of the U.S. Department of Housing and Urban Development (HUD), which originate mortgage loans that qualify for government insurance in the event of default by the borrower, in addition to various conventional mortgage loan products. SecurityNational Mortgage originates and refinances mortgage loans on a retail basis. Mortgage loans originated or refinanced by the SecurityNational Mortgage are funded through loan purchase agreements with Security National Life, Kilpatrick Life and unaffiliated financial institutions. SecurityNational Mortgage receives fees from borrowers that are involved in mortgage loan originations and refinancings, and secondary fees earned from third party investors that purchase the mortgage loans. Mortgage loans are generally sold with mortgage servicing rights (“MSRs”) released to third-party investors or retained by SecurityNational Mortgage. SecurityNational Mortgage currently retains the mortgage servicing rights on approximately 5% of its loan origination volume. These mortgage loans are serviced by either SecurityNational Mortgage or an approved third-party sub-servicer. 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 billion. As a result of the sale, the book value of the Company’s MSRs decreased by $51,185,906. Mortgage rates have followed the US Treasury yields up in response to the higher than expected inflation and the expectation that the Federal Reserve will continue to raise rates in the near term. As expected, the rapid increase in mortgage rates has resulted in a decrease in loan originations classified as ‘refinance.’ Higher mortgage rates have also had a negative effect on loan originations classified as ‘purchases,’ although not as significant as those in the refinance classification. For the nine month periods ended September 30, 2023 and 2022, SecurityNational Mortgage originated 5,680 loans ($1,708,831,000 total volume) and 8,886 loans ($2,837,349,000 total volume), respectively. The following table shows the condensed financial results of the mortgage operations for the three and nine month periods ended September 30, 2023, and 2022. See Note 7 to the condensed consolidated financial statements. Three months ended September 30, Nine months ended September 30, 2023 2022 % Increase (Decrease) 2023 2022 % Increase (Decrease) Revenues from external customers Secondary gains from investors $ 17,615 $ 28,825 (39 )% $ 54,809 $ 103,220 (47 )% Income from loan originations 8,924 7,069 26 % 23,812 26,463 (10 )% Change in fair value of loans held for sale (1,504 ) (4,131 ) 64 % (978 ) (7,973 ) 88 % Change in fair value of loan commitments (109 ) (3,271 ) 97 % (716 ) (2,843 ) 75 % Net investment income 298 360 (17 )% 1,125 583 93 % Gains on investments and other assets 36 - 100 % 197 391 (50 )% Other 366 4,815 (92 )% 1,226 14,396 (91 )% Total $ 25,626 $ 33,667 (24 )% $ 79,475 $ 134,237 (41 )% Earnings (loss) before income taxes $ (3,486 ) $ (8,437 ) (59 )% $ (11,207 ) $ (7,518 ) (49 )% Included in other revenues is service fee income. Profitability for the nine month period ended September 30, 2023 decreased due to (a) a $48,411,000 decrease in secondary gains from investors, (b) a $13,170,000 decrease in other revenues, (c) a $2,651,000 decrease in income from loan originations, (d) a $772,000 increase in intersegment interest expense and other expenses, (e) a $226,000 increase in rent and rent related expenses, and (f) a $194,000 decrease in gains on investments and other assets, which were partially offset by (i) a $22,475,000 decrease in commissions, (ii) a $14,426,000 decrease in personnel expenses, (iii) a $10,985,000 decrease in other expenses, (iv) a $7,257,000 increase in the fair value of loans held for sale, (v) a $2,152,000 decrease in interest expense, (vi) a $1,865,000 increase in the fair value of loan commitments, (vii) a $1,009,000 decrease in costs related to funding mortgage loans, (viii) an $867,000 decrease in advertising expenses, (ix) a $542,000 increase in net investment income, (x) a $140,000 increase in intersegment revenues, and (xi) an $18,000 decrease in depreciation on property and equipment. Consolidated Results of Operations Three month period ended September 30, 2023, Compared to Three month period ended September 30, 2022 Total revenues decreased by $3,235,000, or 3.9%, to $80,242,000 for the three month period ended September 30, 2023, from $83,477,000 for the comparable period in 2022. Contributing to this decrease in total revenues was a $4,888,000 decrease in other revenues and a $3,672,000 decrease in mortgage fee income, which were partially offset by a $2,669,000 increase in insurance premiums and other considerations, a $1,247,000 increase in gains on investments and other assets, a $764,000 increase in net mortuary and cemetery sales, and a $645,000 increase in net investment income. Mortgage fee income decreased by $3,672,000, or 12.8%, to $24,936,000, for the three month period ended September 30, 2023, from $28,608,000 for the comparable period in 2022. This decrease was primarily due to a $11,316,000 decrease in secondary gains from mortgage loans sold to third-party investors into the secondary market due to the decline in origination activity because of increasing interest rates, which was partially offset by a $4,023,000 increase in the fair value of loans held for sale, a $1,854,000 increase in loan fees and interest income net of an increase in the provision for loan loss reserve and a $1,767,000 increase in the fair value of loan commitments. Insurance premiums and other considerations increased by $2,669,000, or 10.2%, to $28,907,000 for the three month period ended September 30, 2023, from $26,238,000 for the comparable period in 2022. This increase was primarily due to an increase of $2,737,000 in first year premiums, which was partially offset by a decrease of $68,000 in renewal premiums. Net investment income increased by $645,000, or 3.5%, to $19,248,000 for the three month period ended September 30, 2023, from $18,603,000 for the comparable period in 2022. This increase was primarily attributable to a $1,054,000 increase in fixed maturity securities income, a $568,000 increase in interest on cash and cash equivalents, a $125,000 decrease in investment expenses, a $122,000 increase in insurance assignment income, a $32,000 increase in other investment income, and a $28,000 increase in equity securities income, which were partially offset by a $635,000 decrease in mortgage loan interest, a $627,000 decrease in real estate income, and a $22,000 decrease in policy loan interest. Net mortuary and cemetery sales increased by $764,000, or 11.8%, to $7,234,000 for the three month period ended September 30, 2023, from $6,470,000 for the comparable period in 2022. This increase was primarily due to a $771,000 increase in cemetery pre-need sales and a $110,000 increase in cemetery at-need sales, which were partially offset by a $117,000 decrease in mortuary at-need sales. Losses on investments and other assets decreased by $1,247,000, or 57.2%, to $932,000 for the three month period ended September 30, 2023, from $2,179,000 for the comparable period in 2022. This decrease in losses on investments and other assets was primarily due to a $764,000 increase in gains on real estate, a $518,000 increase in gains on equity securities mostly attributable to increases in the fair value of these equity securities, and a $25,000 increase in gains on fixed maturity securities, which were partially offset by a $60,000 decrease in gains on other assets mostly attributable to the Company discontinuing its use of call and put option derivatives in the first quarter of 2023. Other revenues decreased by $4,888,000, or 85.2%, to $849,000 for the three month period ended September 30, 2023, from $5,737,000 for the comparable period in 2022. This decrease was primarily attributable to a decrease in servicing fee revenue because of the sale of certain mortgage servicing rights in October 2022. Total benefits and expenses were $75,083,000, or 93.6% of total revenues, for the three month period ended September 30, 2023, as compared to $86,780,000, or 104.0% of total revenues, for the comparable period in 2022. Death benefits, surrenders and other policy benefits, and future policy benefits increased by an aggregate of $2,898,000 or 12.8%, to $25,622,000 for the three month period ended September 30, 2023, from $22,724,000 for the comparable period in 2022. This increase was primarily the result of a $2,087,000 increase in future policy benefits, a $681,000 increase in death benefits, and a $130,000 increase in surrender and other policy benefits. Amortization of deferred policy and pre-need acquisition costs and value of business acquired decreased by $581,000, or 11.5%, to $4,481,000 for the three month period ended September 30, 2023, from $5,062,000 for the comparable period in 2022. This decrease was primarily due to increased payment consistency from premium-paying products. Selling, general and administrative expenses decreased by $13,005,000, or 23.4%, to $42,652,000 for the three month period ended September 30, 2023, from $55,657,000 for the comparable period in 2022. This decrease was primarily the result of a $4,537,000 decrease in commissions, a $4,158,000 decrease in personnel expenses, a $4,053,000 decrease in other expenses, a $378,000 decrease in advertising expense, a $46,000 decrease in depreciation on property and equipment, and a $23,000 decrease in rent and rent related expenses which were partially offset by a $192,000 increase in costs related to funding mortgage loans. Interest expense decreased by $985,000, or 46.1%, to $1,152,000 for the three month period ended September 30, 2023, from $2,137,000 for the comparable period in 2022. This decrease was primarily due to a decrease of $975,000 in interest expense on mortgage warehouse lines of credit for loans held for sale and a decrease of $10,000 in interest expense on bank loans. Nine month period ended September 30, 2023, Compared to Nine month period ended September 30, 2022 Total revenues decreased by $37,881,000, or 13.5%, to $243,589,000 for the nine month period ended September 30, 2023, from $281,470,000 for the comparable period in 2022. Contributing to this decrease in total revenues was a $41,979,000 decrease in mortgage fee income, a $13,389,000 decrease in other revenues, and a $52,000 decrease in net mortuary and cemetery sales, which were partially offset by a $7,427,000 increase in net investment income, a $7,196,000 increase in insurance premiums and other considerations, and a $2,916,000 increase in gains on investments and other assets. Mortgage fee income decreased by $41,979,000, or 35.3%, to $77,004,000, for the nine month period ended September 30, 2023, from $118,983,000 for the comparable period in 2022. This decrease was primarily due to a $48,451,000 decrease in secondary gains from mortgage loans sold to third-party investors into the secondary market due to the decline in origination activity because of increasing interest rates and a $2,650,000 decrease in loan fees and interest income net of an increase in the provision for loan loss reserve, which were partially offset by a $7,257,000 increase in the fair value of loans held for sale and a $1,865,000 increase in the fair value of loan commitments. Insurance premiums and other considerations increased by $7,196,000, or 9.2%, to $85,687,000 for the nine month period ended September 30, 2023, from $78,491,000 for the comparable period in 2022. This increase was primarily due to an increase of $6,755,000 in first year premiums and an increase of $441,000 in renewal premiums. Net investment income increased by $7,427,000, or 14.9%, to $57,195,000 for the nine month period ended September 30, 2023, from $49,769,000 for the comparable period in 2022. This increase was primarily attributable to a $3,762,000 increase in fixed maturity securities income, a $1,953,000 increase in interest on cash and cash equivalents, a $1,008,000 decrease in investment expenses, a $583,000 increase in real estate income, a $205,000 increase in income from other investments, a $116,000 increase in mortgage loan interest, and a $66,000 increase in equity securities income, which were partially offset by a $138,000 decrease in insurance assignment income and a $128,000 decrease in policy loan income. Net mortuary and cemetery sales decreased by $52,000, or 0.3%, to $20,874,000 for the nine month period ended September 30, 2023, from $20,926,000 for the comparable period in 2022. This decrease was primarily due to a $729,000 decrease in cemetery at-need sales and a $589,000 decrease in mortuary at-need sales, which were partially offset by a $1,266,000 increase in cemetery pre-need sales. Losses on investments and other assets decreased by $2,916,000, or 99.8%, to $5,000 for the nine month period ended September 30, 2023, from $2,921,000 for the comparable period in 2022. This decrease in losses on investments and other assets was primarily due to a $4,011,000 decrease in losses on equity securities mostly attributable to increases in the fair value of these equity securities, which were partially offset by a $439,000 increase in losses on fixed maturity securities, a $292,000 decrease in gains on other invested assets, a $238,000 decrease in gains on real estate, and a $126,000 decrease in gains on call and put option derivatives due to the Company discontinuing is use of call and put option derivatives in the first quarter of 2023. Other revenues decreased by $13,389,000, or 82.5%, to $2,832,000 for the nine month period ended September 30, 2023, from $16,221,000 for the comparable period in 2022. This decrease was primarily attributable to a decrease in servicing fee revenue because of the sale of certain mortgage servicing rights in October 2022. Total benefits and expenses were $228,696,000, or 93.9% of total revenues, for the nine month period ended September 30, 2023, as compared to $275,599,000, or 97.9% of total revenues, for the comparable period in 2022. Death benefits, surrenders and other policy benefits, and future policy benefits increased by an aggregate of $6,098,000 or 8.7%, to $76,394,000 for the nine month period ended September 30, 2023, from $70,296,000 for the comparable period in 2022. This increase was primarily the result of a $5,270,000 increase in future policy benefits and a $1,092,000 increase in death benefits, which were partially offset by a $264,000 decrease in surrender and other policy benefits. Amortization of deferred policy and pre-need acquisition costs and value of business acquired increased by $104,000, or 0.8%, to $13,615,000 for the nine month period ended September 30, 2023, from $13,511,000 for the comparable period in 2022. This increase was primarily due to an increase in the average outstanding balance of deferred policy and pre-need acquisition costs. Selling, general and administrative expenses decreased by $51,346,000, or 28.2%, to $131,052,000 for the nine month period ended September 30, 2023, from $182,398,000 for the comparable period in 2022. This decrease was primarily the result of a $22,426,000 decrease in commissions, a $14,067,000 decrease in personnel expenses, a $12,136,000 decrease in other expenses, a $1,817,000 decrease in advertising expense, a $1,009,000 decrease in costs related to funding mortgage loans, and a $114,000 decrease in depreciation on property and equipment, which were partially offset by a $223,000 increase in rent and rent related expenses. Interest expense decreased by $1,744,000, or 30.3%, to $4,020,000 for the nine month period ended September 30, 2023, from $5,764,000 for the comparable period in 2022. This decrease was primarily due to a decrease of $2,152,000 in interest expense on mortgage warehouse lines of credit for loans held for sale, which was partially offset by an increase of $408,000 in interest expense on bank loans. Liquidity and Capital Resources The Company’s life insurance subsidiaries and cemetery and mortuary subsidiaries realize cash flow from premiums, contract payments and sales on personal services rendered for cemetery and mortuary business, from interest and dividends on invested assets, and from the proceeds from the sale or maturity of investments. The mortgage subsidiaries realize cash flow from fees generated by originating and refinancing mortgage loans and fees from mortgage loans held for sale that are sold to investors into the secondary market. It should be noted that current conditions in the financial markets and economy may affect the realization of these expected cash flows. The Company considers these sources of cash flow to be adequate to fund future policyholder and cemetery and mortuary liabilities, which generally are long-term, and adequate to pay current policyholder claims, annuity payments, expenses related to the issuance of new policies, the maintenance of existing policies, debt service, and to meet current operating expenses. As of September 30, 2023, the Company’s subsidiary SecurityNational Mortgage was not in compliance with the net income covenants under its Warehouse Lines of Credit and has received or is in the process of receiving waivers from the warehouse banks. In the unlikely event SecurityNational Mortgage is required to repay the outstanding advances of approximately $10,200,000 on the Warehouse Line of Credit that has not provided a covenant waiver, SecurityNational Mortgage has sufficient cash and borrowing capacity on the Warehouse Lines of Credit that have provided covenant waivers to fund its origination activities. The Company has done an internal analysis of the funding capacities of both internal and external sources and has determined that there are sufficient funds to continue its business model. The Company continues to negotiate other warehouse lines of credit with other lenders. During the nine month periods ended September 30, 2023 and 2022, the Company’s operations provided cash of $18,384,000 and $109,318,000, respectively. The decrease in cash provided by operations was due primarily to decreased proceeds from the sale of mortgage loans held for sale. The Company expects to pay out liabilities under its funeral plans over the long term given the nature of those plans. Funeral plans are small face value life insurance policies that payout upon a person’s death to cover funeral burial costs; policyholders generally keep these policies in force until, and do not surrender prior to, death. Because of the long-term nature of these liabilities, the Company can hold to maturity or for the targeted investment period its corresponding bond, real estate, and mortgage loan investments, thus reducing the risk of liquidating these long-term investments because of any sudden changes in their fair values. The Company attempts to match the duration of invested assets with its policyholder and cemetery and mortuary liabilities. The Company may sell investments other than those held to maturity in the portfolio to help in this timing matching. The Company purchases short-term investments on a temporary basis to meet the expected short-term requirements of the Company’s insurance products. The Company’s investment philosophy is intended to provide a rate of return for the expected duration of its cemetery and mortuary policies that will exceed the accruing of liabilities under those policies regardless of future interest rate movements. The Company’s investment policy is also to invest predominantly in fixed maturity securities, real estate, mortgage loans, and warehousing of mortgage loans. The warehoused mortgage loans are typically held for sale on a short-term basis before selling the loans to investors in accordance with the requirements and laws governing the Company’s life insurance subsidiaries. Bonds owned by the insurance subsidiaries amounted to $341,252,000 (at estimated fair value) and $345,598,000 (at estimated fair value) as of September 30, 2023 and December 31, 2022, respectively. This represented 38.5% and 36.4% of the total investments of the Company as of September 30, 2023, and December 31, 2022, respectively. Generally, all bonds owned by the life insurance subsidiaries are rated by the National Association of Insurance Commissioners. Under this rating system, there are six categories used for rating bonds. As of September 30, 2023, 1.9% (or $6,307,000) and as of December 31, 2022, 2.2% (or $7,833,000) of the Company’s total bond investments were invested in bonds in rating categories three through six, which are considered non-investment grade. The Company’s life insurance subsidiaries are subject to risk-based capital guidelines established by statutory regulators requiring minimum capital levels based on the perceived risk of assets, liabilities, disintermediation, and business risk. As of September 30, 2023 and December 31, 2022, the life insurance subsidiaries were in compliance with the regulatory criteria. The Company’s total capitalization of stockholders’ equity, bank and other loans payable was $406,325,000 as of September 30, 2023, as compared to $454,499,000 as of December 31, 2022. This decrease was primarily due to a decrease of $53,281,000 in bank loans and other loans payable, which was partially offset by a $5,107,000 increase in stockholders’ equity. Stockholders’ equity as a percent of total capitalization was 73.3% and 64.4% as of September 30, 2023, and December 31, 2022, respectively. Lapse rates measure the amount of insurance terminated during a particular period. The Company’s lapse rate for life insurance in 2022 was 4.3% as compared to a lapse rate of 4.8% for 2021. The 2023 lapse rate to date has been approximately the same as 2022. The combined statutory capital and surplus of the Company’s life insurance subsidiaries was $103,984,000 and $94,254,000 as of September 30, 2023, and December 31, 2022, respectively. The life insurance subsidiaries cannot pay a dividend to their parent company without the approval of state insurance regulatory authorities. 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. Item 3. Quantitative and Qualitative Disclosures About Market Risk. As a smaller reporting company, the Company is not required to provide information typically disclosed under this item. Item 4. Controls and Procedures. Disclosure Controls and Procedures As of September 30, 2023, the Company carried out an evaluation under the supervision and with the participation of its Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed in the Securities and Exchange Commission (SEC) reports that the Company files or submits under the Exchange Act is recorded, processed, summarized and reported within the time period specified by the SEC’s rules and forms and that such information is accumulated and communicated to management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure. The executive officers have concluded that the Company’s disclosure cont

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of September 30, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 108,680,913 $ 5,981 $ (2,498,554 ) $ - $ 106,188,340 Obligations of states and political subdivisions 6,649,289 218 (586,789 ) - 6,062,718 Corporate securities including public utilities 231,814,067 600,075 (15,412,932 ) (211,500 ) 216,789,710 Mortgage-backed securities 32,889,293 13,422 (5,755,224 ) - 27,147,491 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 380,283,562 $ 629,696 $ (24,253,499 ) $ (211,500 ) $ 356,448,259 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Total equity securities at estimated fair value $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Mortgage loans held for investment at amortized cost: Residential $ 96,591,643 Residential construction 101,295,751 Commercial 55,991,027 Less: Unamortized deferred loan fees, net (1,629,546 ) Less: Allowance for credit losses (2,612,944 ) Less: Net discounts (328,833 ) Total mortgage loans held for investment $ 249,307,098 Real estate held for investment - net of accumulated depreciation: Residential $ 38,034,997 Commercial 146,656,466 Total real estate held for investment $ 184,691,463 Real estate held for sale: Residential $ 2,285,707 Commercial 2,478,660 Total real estate held for sale $ 4,764,367 Other investments and policy loans at amortized cost: Policy loans $ 13,154,845 Insurance assignments 42,624,001 Federal Home Loan Bank stock (2) 2,699,300 Other investments 9,330,532 Less: Allowance for credit losses for insurance assignments (1,555,261 ) Total other investments and policy loans $ 66,253,417 Accrued investment income $ 12,266,695 Total investments $ 886,040,843 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,600 1,720,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 331,740 $ 36,115,986 $ 2,166,815 $ 69,967,155 $ 2,498,555 $ 106,083,141 Obligations of States and Political Subdivisions 155,458 1,469,753 431,331 4,142,748 586,789 5,612,501 Corporate Securities 4,092,910 86,409,480 11,320,021 106,047,158 15,412,931 192,456,638 Mortgage and other asset-backed securities 123,790 4,627,445 5,631,434 22,003,452 5,755,224 26,630,897 Totals $ 4,703,898 $ 128,622,664 $ 19,549,601 $ 202,160,513 $ 24,253,499 $ 330,783,177 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 Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation	The following table summarizes the credit quality, by NAIC designation, of the Company’s fixed maturity securities available for sale, excluding redeemable preferred stock. Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation September 30, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 210,224,246 $ 198,601,878 $ 197,753,818 $ 189,691,540 2 162,752,957 151,279,566 156,261,804 148,073,873 3 5,329,117 4,890,504 7,080,305 6,635,786 4 1,462,481 1,325,409 1,377,541 1,157,454 5 263,504 90,901 25,736 39,155 6 1,257 1 1,307 684 Total $ 380,033,562 $ 356,188,259 $ 362,500,511 $ 345,598,492
Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale	The following tables 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 Nine Months Ended September 30, 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 - December 31, 2022 $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - 42,764 - 42,764 Reductions for securities sold during the period - - (10,764 ) - (10,764 ) 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 - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 3) Investments Three Months Ended September 30, 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 - June 30, 2023 $ - $ - $ 224,005 $ - $ 224,005 Beginning balance $ - $ - $ 224,005 $ - $ 224,005 Additions for credit losses not previously recorded - - - - - Change in allowance on securities with previous allowance - - (1,741 ) - (1,741 ) Reductions for securities sold during the period - - (10,764 ) - (10,764 ) 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 - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 Ending balance $ - $ - $ 211,500 $ - $ 211,500
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 September 30 $ 225,475
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 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 $ 6,818,008 $ 6,812,398 Due in 2-5 years 160,874,392 155,802,499 Due in 5-10 years 93,763,663 88,297,470 Due in more than 10 years 85,688,206 78,128,401 Mortgage-backed securities 32,889,293 27,147,491 Redeemable preferred stock 250,000 260,000 Total $ 380,283,562 $ 356,448,259
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 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Proceeds from sales $ 207,522 $ 1,198,240 $ 1,163,132 $ 1,886,891 Gross realized gains - 21,926 11,257 24,281 Gross realized losses (3,368 ) (24,811 ) (57,472 ) (32,656 ) 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Fixed maturity securities available for sale $ 4,242,185 $ 3,188,521 $ 12,398,685 $ 8,636,387 Equity securities 167,348 139,412 448,564 382,246 Mortgage loans held for investment 9,842,845 10,477,672 27,797,908 27,682,315 Real estate held for investment and sale 3,291,047 3,918,310 11,553,643 10,970,535 Policy loans 191,843 213,520 599,498 727,103 Insurance assignments 4,340,644 4,218,184 13,570,659 13,708,894 Other investments 213,560 181,597 555,720 350,603 Cash and cash equivalents 1,083,241 514,869 2,651,148 698,601 Gross investment income 23,372,713 22,852,085 69,575,825 63,156,684 Investment expenses (4,124,250 ) (4,249,015 ) (12,380,505 ) (13,388,020 ) Net investment income $ 19,248,463 $ 18,603,070 $ 57,195,320 $ 49,768,664
Schedule of Assets on Deposit With Life Insurance	Assets on deposit with life insurance regulatory authorities as required by law were as follows: Schedule of Assets on Deposit With Life Insurance As of September 30, 2023 As of December 31, 2022 Fixed maturity securities available for sale $ 6,248,114 $ 8,817,959 Cash and cash equivalents 1,956,777 2,214,206 Total $ 8,204,891 $ 11,032,165
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 September 30, December 31, September 30, December 31, Utah (1) $ 143,735,609 $ 147,627,946 625,920 625,920 Louisiana 19,416 2,380,847 1,622 31,778 Mississippi 2,901,441 2,881,863 19,694 19,694 $ 146,656,466 $ 152,890,656 647,236 677,392 (1) Includes Center53 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Louisiana $ 2,327,107 $ - 30,156 - Mississippi (1) 151,553 151,553 - - $ 2,478,660 $ 151,553 30,156 - (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 September 30, December 31, Utah (1) $ 38,034,997 $ 38,437,960 $ 38,034,997 $ 38,437,960 (1) Includes residential subdivision development The following table presents additional information regarding the Company’s residential subdivision development in Utah: September 30, December 31, Lots developed 50 80 Lots to be developed 1,080 1,131 Book Value $ 37,846,685 $ 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 September 30, December 31, Utah $ 2,285,707 (1) $ 11,010,029 $ 2,285,707 $ 11,010,029 (1) Unimproved land
Schedule of Real Estate Owned and Occupied by the Company	The primary business units of the Company occupy a portion of the real estate owned by the Company. As of September 30, 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 September 30, 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) (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) 67,246 52,797 (142,440 ) (22,397 ) Charge-offs - - - - Ending balance - September 30, 2023 $ 810,182 $ 1,600,170 $ 202,592 $ 2,612,944 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 (2) - 270,409 - 270,409 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 September 30, 2023 30-59 days past due $ 3,139,403 $ 3,816,822 $ 805,766 $ 7,761,991 60-89 days past due - 1,795,326 - 1,795,326 Over 90 days past due (1) 1,646,508 3,778,582 1,005,417 6,430,507 In process of foreclosure (1) - 276,580 - 276,580 Total past due 4,785,911 9,667,310 1,811,183 16,264,404 Current 51,205,116 86,924,333 99,484,568 237,614,017 Total mortgage loans 55,991,027 96,591,643 101,295,751 253,878,421 Allowance for credit losses (810,182 ) (1,600,170 ) (202,592 ) (2,612,944 ) Unamortized deferred loan fees, net (145,572 ) (1,129,517 ) (354,457 ) (1,629,546 ) Unamortized discounts, net (220,276 ) (108,557 ) - (328,833 ) Net mortgage loans held for investment $ 54,814,997 $ 93,753,399 $ 100,738,702 $ 249,307,098 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 held for investment $ 45,694,074 $ 90,290,776 $ 172,139,077 $ 308,123,927 (1) Interest income is not recognized on loans which are more than 90 days past due or in foreclosure.
Schedule of Commercial Mortgage Loans By Credit Quality Indicator	The aggregate unpaid principal balance of commercial mortgage loans by credit quality indicator and origination year was as follows as of September 30, 2023: Schedule of Commercial Mortgage Loans By Credit Quality Indicator Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total LTV: Less than 65% $ 17,525,000 $ 13,396,458 $ 3,800,378 $ - $ 2,989,026 $ 6,796,621 $ 44,507,483 79.49 % 65% to 80% - 4,585,706 1,050,000 4,913,313 - - 10,549,019 18.84 % Greater than 80% - 529,525 405,000 - - - 934,525 1.67 % Total $ 17,525,000 $ 18,511,689 $ 5,255,378 $ 4,913,313 $ 2,989,026 $ 6,796,621 $ 55,991,027 100.00 % DSCR >1.20x $ 5,725,000 $ 1,000,000 $ 1,750,000 $ 4,913,313 $ 2,989,026 $ 2,754,604 $ 19,131,943 34.17 % 1.00x - 1.20x 5,300,000 8,496,130 3,505,378 - - 4,042,017 21,343,525 38.12 % <1.00x 6,500,000 9,015,559 (1) (1) - - - - 15,515,559 27.71 % Total $ 17,525,000 $ 18,511,689 $ 5,255,378 $ 4,913,313 $ 2,989,026 $ 6,796,621 $ 55,991,027 100.00 % (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 more than 90 days past due 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 aggregate unpaid principal balance of residential mortgage loans by credit quality indicator and origination year was as follows as of September 30, 2023: Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total Performance Indicators: Performing $ 7,788,450 $ 55,306,009 $ 7,249,701 $ 7,495,836 $ 2,808,390 $ 11,888,093 $ 92,536,479 95.80 % Non-performing (1) 324,111 838,669 741,534 800,486 - 1,350,364 4,055,164 4.20 % Total $ 8,112,561 $ 56,144,678 $ 7,991,235 $ 8,296,322 $ 2,808,390 $ 13,238,457 $ 96,591,643 100.00 % (1) Includes residential mortgage loans in the process of foreclosure of $ 276,580
Schedule of Residential Construction Mortgage Loans	The aggregate unpaid principal balance of residential construction mortgage loans by credit quality indicator and origination year was as follows as of September 30, 2023: Schedule of Residential Construction Mortgage Loans Credit Quality Indicator 2023 2022 2021 Total % of Total Performance Indicators: Performing $ 48,525,276 $ 27,213,555 $ 24,551,503 $ 100,290,334 99.01 % Non-performing - 1,005,417 - 1,005,417 0.99 % Total $ 48,525,276 $ 28,218,972 $ 24,551,503 $ 101,295,751 100.00 % LTV: Less than 65% $ 29,476,916 $ 8,675,281 $ 17,117,181 $ 55,269,378 54.56 % 65% to 80% 19,048,360 19,543,691 7,434,322 46,026,373 45.44 % Greater than 80% - - - - 0.00 % Total $ 48,525,276 $ 28,218,972 $ 24,551,503 $ 101,295,751 100.00 %
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 September 30, As of December 31, 30-59 days past due $ 9,374,806 $ 10,621,443 60-89 days past due 3,591,685 3,997,484 Over 90 days past due 4,611,748 5,813,013 Total past due 17,578,239 20,431,941 Current 25,045,762 26,510,594 Total insurance assignments 42,624,001 46,942,536 Allowance for credit losses (1,555,261 ) (1,609,951 ) Net insurance assignments $ 41,068,740 $ 45,332,585
Schedule of Allowance for Credit Losses	The following table presents a roll forward of the allowance for credit losses for insurance assignments as of the dates indicated: Schedule of Allowance for Credit Losses Allowance Beginning balance - January 1, 2023 $ 1,609,951 Change in provision for credit losses ( 1 ) 667,260 Charge-offs (721,950 ) Ending balance - September 30, 2023 $ 1,555,261 Beginning balance - January 1, 2022 $ 1,686,218 Change in provision for credit losses ( 1 ) 889,480 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 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Fixed maturity securities: Gross realized gains $ 37,565 $ 30,121 $ 54,619 $ 205,755 Gross realized losses (10,383 ) (26,203 ) (102,182 ) (36,961 ) Net credit loss (provision) release 1,740 - (222,264 ) - Equity securities: Gains (losses) on securities sold 324,009 (131,472 ) 277,057 (60,154 ) Unrealized losses on securities held at the end of the period (1,321,511 ) (1,383,627 ) (423,448 ) (4,097,049 ) Real estate held for investment and sale: Gross realized gains 36,166 - 197,194 1,260,548 Gross realized losses - (727,370 ) - (825,593 ) Other assets, including call and put option derivatives: Gross realized gains - 59,599 214,348 632,082 Gross realized losses - - - - Total $ (932,414 ) $ (2,178,952 ) $ (4,676 ) $ (2,921,372 )
Schedule of Accrued Investment Income	Accrued investment income consists of the following: Schedule of Accrued Investment Income As of September 30, As of December 31, Fixed maturity securities available for sale $ 4,343,327 $ 3,563,767 Equity securities 12,729 14,496 Mortgage loans held for investment 4,732,717 3,220,709 Real estate held for investment 3,158,708 3,455,305 Policy Loans 4,463 37,951 Cash and cash equivalents 14,751 7,598 Total accrued investment income $ 12,266,695 $ 10,299,826

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 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 September 30, As of December 31, Aggregate fair value $ 152,546,566 $ 141,179,620 Unpaid principal balance 153,420,558 141,337,811 Unrealized loss (873,992 ) (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 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Loan fees $ 6,033,227 $ 4,729,445 $ 16,408,443 $ 19,766,856 Interest income 2,637,971 2,570,511 7,265,516 7,525,826 Secondary gains 17,625,394 28,940,898 54,884,965 103,336,118 Change in fair value of loan commitments (1,504,286 ) (3,271,282 ) (977,716 ) (2,843,155 ) Change in fair value of loans held for sale (108,676 ) (4,131,363 ) (715,799 ) (7,973,171 ) Provision (release) for loan loss reserve 252,389 (230,321 ) 138,369 (829,243 ) Mortgage fee income $ 24,936,019 $ 28,607,888 $ 77,003,778 $ 118,983,231
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 September 30, As of December 31, Balance, beginning of period $ 1,725,667 $ 2,447,139 Provision on current loan originations (1) 770,220 1,078,812 Charge-offs, net of recaptured amounts (1,804,134 ) (1,800,284 ) Balance, end of period $ 691,753 $ 1,725,667 (1) Included in mortgage fee income

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Activity of Stock Option Plans	Activity of the stock option plans during the nine month period ended September 30, 2023, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price (2) Outstanding at January 1, 2023 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 16,000 - Exercised (233,180 ) - Cancelled - - Outstanding at September 30, 2023 797,691 $ 4.78 1,215,062 $ 5.31 As of September 30, 2023: Options exercisable 770,066 $ 4.73 1,141,312 $ 5.25 As of September 30, 2023: Available options for future grant 171,386 834,750 Weighted average contractual term of options outstanding at September 30, 2023 4.69 6.15 Weighted average contractual term of options exercisable at September 30, 2023 4.53 6.03 Aggregated intrinsic value of options outstanding at September 30, 2023 (1) $ 2,438,675 $ 3,074,037 Aggregated intrinsic value of options exercisable at September 30, 2023 (1) $ 2,398,360 $ 2,955,012 (1) The Company used a stock price of $ 7.84 (2) Adjusted for the effect of annual stock dividends. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 5) Stock Compensation Plans Activity of the stock option plans during the nine month period ended September 30, 2022, is summarized as follows: Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price (2) Outstanding at January 1, 2022 1,024,351 $ 4.38 821,146 $ 5.26 Adjustment for the effect of stock dividends 47,780 41,057 Granted 4,000 - Exercised (71,330 ) - Cancelled (1,591 ) - Outstanding at September 30, 2022 1,003,210 $ 4.58 862,203 $ 5.26 As of September 30, 2022: Options exercisable 978,835 $ 4.49 804,703 $ 5.04 As of September 30, 2022: Available options for future grant 1,239,795 17,523 Weighted average contractual term of options outstanding at September 30, 2022 4.32 6.75 Weighted average contractual term of options exercisable at September 30, 2022 4.19 6.63 Aggregated intrinsic value of options outstanding at September 30, 2022 (1) $ 1,775,100 $ 939,395 Aggregated intrinsic value of options exercisable at September 30, 2022 (1) $ 1,819,950 $ 1,055,445 (1) The Company used a stock price of $ 6.35 (2) Adjusted for the effect of annual stock dividends.
Schedule of Activity Restricted Stock Units	Activity of the RSUs during the nine month period ended September 30, 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 (810 ) Non-vested at September 30, 2023 810 $ 6.48 Available RSUs for future grant $ 18,380 Aggregated intrinsic value of RSUs outstanding at September 30, 2023 (1) $ 1,102 (1) The Company used a stock price of $ 7.84

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 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 2023 2022 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net earnings (loss) $ 4,041,293 $ (2,353,185 ) $ 11,634,171 $ 4,449,982 Denominator: Basic weighted-average shares outstanding 22,063,495 21,976,292 22,066,243 22,213,846 Effect of dilutive securities: Employee stock options 768,231 719,704 634,099 822,367 Diluted weighted-average shares outstanding 22,831,726 22,695,996 22,700,342 23,036,213 Basic net earnings (loss) per share $ 0.18 $ ( 0.11 ) $ 0.53 $ 0.20 Diluted net earnings (loss) per share $ 0.18 $ ( 0.10 ) $ 0.51 $ 0.19
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 69,096 - Vesting of restricted stock units - - Stock dividends 889,554 139,462 Conversion of Class C to Class A 116,168 (116,168 ) Outstanding shares at September 30, 2022 18,717,540 2,889,859 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 239,191 - Vesting of restricted stock units 810 - Stock dividends 949,980 141,594 Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at September 30, 2023 20,007,611 2,971,854 Common stock, shares, outstanding, ending 20,007,611 2,971,854

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 Consolidated For the Three Months Ended September 30, 2023 Revenues from external customers $ 47,199,169 $ 7,416,423 $ 25,626,135 $ - $ 80,241,727 Intersegment revenues 2,330,292 85,699 133,639 (2,549,630 ) - Segment profit (loss) before income taxes 7,175,181 1,469,592 (3,486,083 ) - 5,158,690 For the Nine Months Ended September 30, 2023 Revenues from external customers $ 140,685,555 $ 23,427,327 $ 79,475,738 $ - $ 243,588,620 Intersegment revenues 6,357,810 254,302 393,145 (7,005,257 ) - Segment profit (loss) before income taxes 20,017,102 6,082,343 (11,206,534 ) - 14,892,911 Identifiable Assets $ 1,299,027,212 $ 92,299,022 $ 107,800,781 $ (90,608,563 ) $ 1,408,518,452 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,301,792,782 $ 94,787,235 $ 107,800,781 $ (90,608,563 ) $ 1,413,772,235 For the Three Months Ended September 30, 2022 Revenues from external customers $ 43,118,076 $ 6,691,998 $ 33,667,146 $ - $ 83,477,220 Intersegment revenues 1,723,812 91,699 101,019 (1,916,530 ) - Segment profit (loss) before income taxes 4,233,619 901,084 (8,437,047 ) - (3,302,344 ) For the Nine Months Ended September 30, 2022 Revenues from external customers $ 125,786,154 $ 21,446,210 $ 134,237,417 $ - $ 281,469,781 Intersegment revenues 5,495,578 359,439 253,554 (6,108,571 ) - Segment profit (loss) before income taxes 8,981,888 4,407,339 (7,518,209 ) - 5,871,018 Identifiable Assets $ 1,222,265,692 $ 80,402,663 $ 239,915,479 $ (87,763,750 ) $ 1,454,820,084 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,225,031,262 $ 82,890,876 $ 239,915,479 $ (87,763,750 ) $ 1,460,073,867

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 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 as of September 30, 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 Fixed maturity securities available for sale $ 356,448,259 $ - $ 355,216,072 $ 1,232,187 Equity securities 12,309,544 12,309,544 - - Loans held for sale 152,546,566 - - 152,546,566 Restricted assets (1) 1,534,526 - 1,534,526 - Restricted assets (2) 6,312,610 6,312,610 - - Cemetery perpetual care trust investments (1) 367,392 - 367,392 - Cemetery perpetual care trust investments (2) 3,855,805 3,855,805 - - Derivatives - loan commitments (3) 4,817,703 - - 4,817,703 Total assets accounted for at fair value on a $ 538,192,405 $ 22,477,959 $ 357,117,990 $ 158,596,456 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) (3,088,542 ) - - (3,088,542 ) Total liabilities accounted for at fair value $ (3,088,542 ) $ - $ - $ (3,088,542 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of 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 (2) 5,348,244 5,348,244 - - Cemetery perpetual care trust investments (1) 254,731 - 254,731 - Cemetery perpetual care trust investments (2) 3,605,162 3,605,162 - - 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 ) 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
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	For Level 3 assets and liabilities measured at fair value on a recurring basis as of September 30, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted September 30, 2023 Technique Input(s) Value Value Average Loans held for sale $ 152,546,566 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 107.0 % 99.0 % Derivatives - loan commitments (net) 1,729,161 Market approach Pull-through rate 70.0 % 95.0 % 88.0 % Initial-Value N/A N/A N/A Servicing 0 bps 138 bps 61 bps Fixed maturity securities available for sale 1,232,187 Broker quotes Pricing quotes $ 98.40 $ 100.00 $ 99.32 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 December 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 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 nine month period ended September 30, 2023: Schedule of Changes in 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 - 1,708,831,185 - Sales, maturities and paydowns - (1,726,023,095 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (977,716 )(1) 31,576,482 (1) (109 )(2) Included in other comprehensive income - - (73,702 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 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 - 2,837,349,328 - Sales, maturities and paydowns - (2,987,906,269 ) (368,980 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (2,843,155 )(1) 59,190,794 (1) 1,957 (2) Included in other comprehensive income - - (31,127 ) Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2023 $ 3,233,447 $ 161,310,060 $ 1,431,874 Originations and purchases - 569,095,944 - Sales, maturities and paydowns - (585,545,472 ) (129,521 ) Transfer to mortgage loans held for investment - (1,867,552 ) Total gains (losses): Included in earnings (1,504,286 )(1) 9,553,586 (1) (109 )(2) Included in other comprehensive income - - (70,057 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (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 period ended September 30, 2022: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2022 $ 7,443,642 $ 209,860,409 $ 1,962,789 Originations and purchases - 787,389,868 - Sales, maturities and paydowns - (800,430,402 ) (344,630 ) Transfer to mortgage loans held for investment - (49,428,757 ) - Total gains (losses): Included in earnings (3,271,282 )(1) 14,590,805 (1) - (2) Included in other comprehensive income - - 7,039 Balance - September 30, 2022 $ 4,172,360 $ 161,981,923 $ 1,625,198 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings
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 as of 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 $ 471,786 $ - $ - $ 471,786 Total assets accounted for at fair value on a nonrecurring basis $ 471,786 $ - $ - $ 471,786
Schedule of Financial Instruments Carried at Other Than Fair Value	The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of September 30, 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 $ 93,753,399 $ - $ - $ 91,471,266 $ 91,471,266 Residential construction 100,738,702 - - 100,740,713 100,740,713 Commercial 54,814,997 - - 53,928,941 53,928,941 Mortgage loans held for investment, net $ 249,307,098 $ - $ - $ 246,140,920 $ 246,140,920 Policy loans 13,154,845 - - 13,154,845 13,154,845 Insurance assignments, net (1) 41,068,740 - - 41,068,740 41,068,740 Restricted assets (2) 1,113,970 - - 1,113,970 1,113,970 Cemetery perpetual care trust investments (2) 1,962,587 - - 1,962,587 1,962,587 Mortgage servicing rights, net 3,494,723 - - 5,012,375 5,012,375 Liabilities Bank and other loans payable $ (108,431,028 ) $ - $ - $ (108,431,028 ) $ (108,431,028 ) Policyholder account balances (3) (39,988,385 ) - - (41,141,921 ) (41,141,921 ) Future policy benefits - annuities (3) (106,278,388 ) - - (123,165,600 ) (123,165,600 ) (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 September 30, 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)	9 Months Ended
	Sep. 30, 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 September 30, 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 $ 268,292,962 $ 4,817,703 $ 3,088,542 $ 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 $ 268,292,962 $ 4,817,703 $ 3,088,542 $ 454,894,908 $ 4,089,859 $ 1,426,582
Schedule of Gains and Losses on Derivatives	The table below presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30, Nine Months Ended September 30, Derivative Classification 2023 2022 2023 2022 Loan commitments Mortgage fee income $ (1,504,286 ) $ (3,271,282 ) $ (977,716 ) $ (2,843,155 ) Call and put options Gains on investments and other assets $ - $ 50,045 $ 49,963 $ 176,274

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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) 907,546 10,243,922 Amortization (2) (452,588 ) (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 $ 3,494,723 $ 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 $ 3,494,723 $ 3,039,765 Estimated fair value of MSRs at end of period $ 5,012,375 $ 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 table below summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the Company’s assumptions in its September 30, 2023 valuation of MSRs. The assumptions used in the following table are likely to change as market conditions, portfolio composition and borrower behavior change, causing both actual and projected amortization levels to change over time. Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights Estimated MSR Amortization 2023 351,687 2024 317,526 2025 293,311 2026 265,639 2027 240,113 Thereafter 2,026,447 Total $ 3,494,723
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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Contractual servicing fees $ 249,050 $ 4,644,397 $ 892,668 $ 13,845,626 Late fees 21,037 107,219 84,358 288,854 Total $ 270,087 $ 4,751,616 $ 977,026 $ 14,134,480
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 September 30, As of December 31, 2022 Servicing UPB $ 411,911,166 $ 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 September 30, 2023 8.00 8.59 12.22 December 31, 2022 8.12 8.49 11.95

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 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 (January 1, 2023) $ 5,392,779 $ - $ 16,226,836 Closing (September 30, 2023) 6,088,152 - 17,573,212 Increase/(decrease) 695,373 - 1,346,376 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2022) $ 5,298,636 $ - $ 14,508,022 Closing (December 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Major goods/service lines At-need $ 4,832,352 $ 4,839,289 $ 14,985,838 $ 16,304,276 Pre-need 2,401,679 1,631,074 5,888,336 4,622,311 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587 Timing of Revenue Recognition Goods transferred at a point in time $ 4,762,777 $ 4,040,381 $ 13,321,412 $ 12,815,582 Services transferred at a point in time 2,471,254 2,429,982 7,552,762 8,111,005 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587
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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net mortuary and cemetery sales $ 7,234,031 $ 6,470,363 $ 20,874,174 $ 20,926,587 Losses on investments and other assets (452,120 ) (640,593 ) (200,610 ) (1,615,253 ) Net investment income 516,094 681,239 2,460,859 1,916,970 Other revenues 118,418 180,989 292,904 217,906 Revenues from external customers 7,416,423 6,691,998 23,427,327 21,446,210

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: Schedule of Receivables As of September 30, 2023 As of December 31, 2022 Contracts with customers $ 6,088,152 $ 5,392,779 Receivables from sales agents 2,527,586 2,209,185 Other 8,404,014 23,200,919 Total receivables 17,019,752 30,802,883 Allowance for doubtful accounts (1,520,801 ) (2,229,791 ) Net receivables $ 15,498,951 $ 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 (1) (597,430 ) Charge-offs (111,560 ) Ending balance - September 30, 2023 $ 1,520,801 Beginning balance - January 1, 2022 $ 1,800,725 Change in provision for credit losses (1) 799,888 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 September 30, 2023 (Unaudited)

Cemetery Perpetual Care Trust_2

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The Company’s investments as of September 30, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 108,680,913 $ 5,981 $ (2,498,554 ) $ - $ 106,188,340 Obligations of states and political subdivisions 6,649,289 218 (586,789 ) - 6,062,718 Corporate securities including public utilities 231,814,067 600,075 (15,412,932 ) (211,500 ) 216,789,710 Mortgage-backed securities 32,889,293 13,422 (5,755,224 ) - 27,147,491 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 380,283,562 $ 629,696 $ (24,253,499 ) $ (211,500 ) $ 356,448,259 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Total equity securities at estimated fair value $ 10,470,974 $ 2,684,920 $ (846,350 ) $ 12,309,544 Mortgage loans held for investment at amortized cost: Residential $ 96,591,643 Residential construction 101,295,751 Commercial 55,991,027 Less: Unamortized deferred loan fees, net (1,629,546 ) Less: Allowance for credit losses (2,612,944 ) Less: Net discounts (328,833 ) Total mortgage loans held for investment $ 249,307,098 Real estate held for investment - net of accumulated depreciation: Residential $ 38,034,997 Commercial 146,656,466 Total real estate held for investment $ 184,691,463 Real estate held for sale: Residential $ 2,285,707 Commercial 2,478,660 Total real estate held for sale $ 4,764,367 Other investments and policy loans at amortized cost: Policy loans $ 13,154,845 Insurance assignments 42,624,001 Federal Home Loan Bank stock (2) 2,699,300 Other investments 9,330,532 Less: Allowance for credit losses for insurance assignments (1,555,261 ) Total other investments and policy loans $ 66,253,417 Accrued investment income $ 12,266,695 Total investments $ 886,040,843 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 978,600 1,720,700 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 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 September 30, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies $ 331,740 $ 36,115,986 $ 2,166,815 $ 69,967,155 $ 2,498,555 $ 106,083,141 Obligations of States and Political Subdivisions 155,458 1,469,753 431,331 4,142,748 586,789 5,612,501 Corporate Securities 4,092,910 86,409,480 11,320,021 106,047,158 15,412,931 192,456,638 Mortgage and other asset-backed securities 123,790 4,627,445 5,631,434 22,003,452 5,755,224 26,630,897 Totals $ 4,703,898 $ 128,622,664 $ 19,549,601 $ 202,160,513 $ 24,253,499 $ 330,783,177 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 table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 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 $ 6,818,008 $ 6,812,398 Due in 2-5 years 160,874,392 155,802,499 Due in 5-10 years 93,763,663 88,297,470 Due in more than 10 years 85,688,206 78,128,401 Mortgage-backed securities 32,889,293 27,147,491 Redeemable preferred stock 250,000 260,000 Total $ 380,283,562 $ 356,448,259
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Fair Value of Fixed Maturity Securities	The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2023 and December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities. 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 September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 4,002 $ 243,232 $ - $ - $ 4,002 $ 243,232 Obligations of states and political subdivisions 3,189 71,811 16,337 580,227 19,526 652,038 Corporate securities including public utilities 1,016 101,649 8,431 294,075 9,447 395,724 Total unrealized losses $ 8,207 $ 416,692 $ 24,768 $ 874,302 $ 32,975 $ 1,290,994 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 Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	Restricted assets as of September 30, 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 September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 389,641 $ 924 $ (4,002 ) $ - $ 386,563 Obligations of states and political subdivisions 771,564 201 (19,526 ) - 752,239 Corporate securities including public utilities 405,171 - (9,447 ) - 395,724 Total fixed maturity securities available for sale $ 1,566,376 $ 1,125 $ (32,975 ) $ - $ 1,534,526 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,011,816 $ 739,197 $ (438,403 ) $ 6,312,610 Total equity securities at estimated fair value $ 6,011,816 $ 739,197 $ (438,403 ) $ 6,312,610 Mortgage loans held for investment at amortized cost: Residential construction $ 1,116,202 Less: Allowance for credit losses (2,232 ) Total mortgage loans held for investment $ 1,113,970 Cash and cash equivalents (1) $ 10,946,379 Total restricted assets $ 19,907,485 (1) Including cash and cash equivalents of $ 8,224,592 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 September 30, 2023, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 208,568 $ 668 $ (2,297 ) $ - $ 206,939 Obligations of states and political subdivisions 129,509 - (9,169 ) - 120,340 Corporate securities including public utilities 41,086 - (973 ) - 40,113 Total fixed maturity securities available for sale $ 379,163 $ 668 $ (12,439 ) $ - $ 367,392 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,507,720 $ 624,037 $ (275,952 ) $ 3,855,805 Total equity securities at estimated fair value $ 3,507,720 $ 624,037 $ (275,952 ) $ 3,855,805 Mortgage loans held for investment at amortized cost: Residential construction $ 1,966,520 Less: Allowance for credit losses (3,933 ) Total mortgage loans held for investment $ 1,962,587 Real estate held for investment: Residential $ 30,632 Cash and cash equivalents $ 1,424,574 Total cemetery perpetual care trust investments $ 7,640,990 Cemetery perpetual care obligation $ (5,265,166 ) Trust investments in excess of trust obligations $ 2,375,824 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations 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 table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2023 and December 31, 2022. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: 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 September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 2,297 $ 139,633 $ - $ - $ 2,297 $ 139,633 Obligations of states and political subdivisions - - 9,169 120,340 9,169 120,340 Corporate securities including public utilities - - 973 40,113 973 40,113 Total unrealized losses $ 2,297 $ 139,633 $ 10,142 $ 160,453 $ 12,439 $ 300,086 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 table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 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 $ 29,573 $ 30,000 Due in 2-5 years 254,242 245,011 Due in 5-10 years 41,086 40,113 Due in more than 10 years 54,262 52,268 Total $ 379,163 $ 367,392
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 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 702,873 692,458 Due in 5-10 years 111,301 110,090 Due in more than 10 years 752,202 731,978 Total $ 1,566,376 $ 1,534,526

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (loss) (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income	The following table summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unrealized losses on fixed maturity securities available for sale $ (6,725,752 ) $ (13,527,157 ) $ (6,310,923 ) $ (42,014,068 ) Amounts reclassified into net earnings (loss) (79,850 ) 3,917 (269,827 ) 168,794 Net unrealized losses before taxes (6,805,602 ) (13,523,240 ) (6,580,750 ) (41,845,274 ) Tax benefit 1,429,176 2,839,881 1,381,958 8,787,509 Net (5,376,426 ) (10,683,359 ) (5,198,792 ) (33,057,765 ) Unrealized gains (losses) on restricted assets (1) (12,284 ) 27,060 (14,340 ) (88,058 ) Tax benefit (expense) 3,060 (6,741 ) 3,572 21,935 Net (9,224 ) 20,319 (10,768 ) (66,123 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (2,487 ) 28,931 (3,299 ) (24,294 ) Tax benefit (expense) 610 (7,204 ) 838 6,054 Net (1,877 ) 21,727 (2,461 ) (18,240 ) Other comprehensive loss changes $ (5,387,527 ) $ (10,641,313 ) $ (5,212,021 ) $ (33,142,128 ) (1) Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income	The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance September 30, Unrealized losses on fixed maturity securities available for sale $ (13,050,767 ) $ (5,198,792 ) $ (18,249,559 ) Unrealized losses on restricted assets (1) (13,148 ) (10,768 ) (23,916 ) Unrealized losses on cemetery perpetual care trust investments (1) (6,362 ) (2,461 ) (8,823 ) Other comprehensive loss $ (13,070,277 ) $ (5,212,021 ) $ (18,282,298 ) (1) Fixed maturity securities available for sale The following table presents 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	9 Months Ended
		Jan. 01, 2023	Mar. 31, 2023	Sep. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)			$ (671,506)	$ 665,030	[1]
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 ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2023		Dec. 31, 2022		Jun. 30, 2023	Sep. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 380,283,562		$ 362,750,511
Available for sale securities, unrecognized holding gain	629,696		2,282,842
Available for sale securities, unrecognized holding loss	(24,253,499)	[1]	(19,174,861)
Available for sale securities, allowance for credit losses	(211,500)				$ (224,005)
Available for sale securities, estimated fair value	356,448,259		345,858,492
Available-for-sale securities, amortized cost basis	10,470,974		9,942,265
Available-for-sale securities, gross unrealized gain	12,309,544		11,682,526
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,629,546)		(1,746,605)
Mortgage loans on real estate and construction, allowance for losses	(2,612,944)		(1,970,311)				$ (1,699,902)
Mortgage loans on real estate and construction, discount	(328,833)		(342,860)
Mortgage loans on real estate and construction	249,307,098		308,123,927
Real estate held for investment: Residential	184,691,463		191,328,616
Real estate held for sale	4,764,367		11,161,582
Policy loans	13,154,845		13,095,473
Insurance assignments	42,624,001		46,942,536
Federal home loan bank stock	2,699,300	[2]	2,600,300	[3]
Other investments	9,330,532		9,479,798
Allowance for doubtful accounts	(1,555,261)		(1,609,951)
Total policy loans and other investments	66,253,417		70,508,156
Accrued investment income	12,266,695		10,299,826
Total investments	886,040,843		948,963,125
Cash and cash equivalents	147,122,807		133,483,817			$ 94,221,217	141,414,282
Total cemetery perpetual care trust investments	7,640,990		7,276,210
Cemetery perpetual care obligation	5,265,166		5,099,542
Real estate held for investment: Residential	(184,691,463)		(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	108,680,913		93,182,210
Available for sale securities, unrecognized holding gain	5,981		180,643
Available for sale securities, unrecognized holding loss	(2,498,554)	[1]	(2,685,277)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	106,188,340		90,677,576
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	6,649,289		6,675,071
Available for sale securities, unrecognized holding gain	218		13,869
Available for sale securities, unrecognized holding loss	(586,789)	[1]	(458,137)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	6,062,718		6,230,803
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	231,814,067		229,141,544
Available for sale securities, unrecognized holding gain	600,075		1,909,630
Available for sale securities, unrecognized holding loss	(15,412,932)	[1]	(11,930,773)
Available for sale securities, allowance for credit losses	(211,500)
Available for sale securities, estimated fair value	216,789,710		219,120,401
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	32,889,293		33,501,686
Available for sale securities, unrecognized holding gain	13,422		168,700
Available for sale securities, unrecognized holding loss	(5,755,224)	[1]	(4,100,674)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	27,147,491		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		[1]
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	10,470,974		9,942,265
Available for sale securities, unrecognized holding gain	2,684,920		2,688,375
Available for sale securities, unrecognized holding loss	(846,350)	[1]	(948,114)
Available-for-sale securities, gross unrealized gain	12,309,544		11,682,526
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	10,470,974		9,942,265
Available for sale securities, unrecognized holding gain	2,684,920		2,688,375
Available for sale securities, unrecognized holding loss	(846,350)	[1]	(948,114)
Available-for-sale securities, gross unrealized gain	12,309,544		11,682,526
Equity Securities One [Member] | Industrial Miscellaneous And All Other [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding gain	624,037		584,383
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	96,591,643		93,355,623
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,129,517)		(1,212,994)
Mortgage loans on real estate and construction, allowance for losses	(1,600,170)		(1,739,980)				(1,469,571)
Mortgage loans on real estate and construction, discount	(108,557)		(111,873)
Mortgage loans on real estate and construction	93,753,399		90,290,776
Real estate held for investment: Residential	38,034,997		38,437,960
Real estate held for sale	2,285,707		11,010,029
Real estate held for investment: Residential	(38,034,997)		(38,437,960)
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	101,295,751		172,516,125
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(354,457)		(333,846)
Mortgage loans on real estate and construction, allowance for losses	(202,592)		(43,202)				$ (43,202)
Mortgage loans on real estate and construction, discount
Mortgage loans on real estate and construction	100,738,702		172,139,077
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	55,991,027		46,311,955
Real estate held for investment: Residential	146,656,466		152,890,656
Real estate held for sale	2,478,660		151,553
Real estate held for investment: Residential	(146,656,466)		(152,890,656)
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	379,163		263,205
Available for sale securities, unrecognized holding gain	668		42
Available for sale securities, unrecognized holding loss	(12,439)		(8,516)
Available for sale securities, estimated fair value	367,392		254,731
Allowance for Credit Losses
Cash and cash equivalents	1,424,574		1,925,978
Total cemetery perpetual care trust investments	7,640,990		7,276,210
Cemetery perpetual care obligation	(5,265,166)		(5,099,542)
Trust investments in excess of trust obligations	2,375,824		2,176,668
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	208,568		89,004
Available for sale securities, unrecognized holding gain	668		42
Available for sale securities, unrecognized holding loss	(2,297)		(38)
Available for sale securities, estimated fair value	206,939		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	129,509		174,201
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(9,169)		(8,478)
Available for sale securities, estimated fair value	120,340		165,723
Allowance for Credit Losses
Cemetery Perpectual Care Oblication [Member] | US Government Corporations and Agencies Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	41,086
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(973)
Available for sale securities, estimated fair value	40,113
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	3,507,720		3,195,942
Available for sale securities, unrecognized holding gain	624,037		584,383
Available for sale securities, unrecognized holding loss	(275,952)		(175,163)
Available-for-sale securities, gross unrealized gain	3,855,805		3,605,162
Cemetery Perpectual Care Oblication [Member] | Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,507,720		3,195,942
Available for sale securities, unrecognized holding loss	(275,952)		(175,163)
Available-for-sale securities, gross unrealized gain	3,855,805		3,605,162
Mortgage loans on real estate and construction	1,962,587
Cemetery Perpectual Care Oblication [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	1,966,520		1,506,517
Mortgage loans on real estate and construction	(3,933)
Cemetery Perpectual Care Oblication [Member] | Residential Mortgage [Member]
Marketable Securities [Line Items]
Real estate held for investment: Residential	30,632		16,178
Real estate held for investment: Residential	$ (30,632)		$ (16,178)
[1]Gross unrealized losses are net of allowance for credit losses[2]Includes $ 978,600 1,720,700 938,500 1,661,800

Schedule of Investments (Deta_2

Schedule of Investments (Details) (Parenthethical) - USD ($)	Sep. 30, 2023		Dec. 31, 2022
Short term investment	$ 2,699,300	[1]	$ 2,600,300	[2]
Membership [Member]
Short term investment	978,600		938,500
Activity Stock Due [Member]
Short term investment	$ 1,720,700		$ 1,661,800
[1]Includes $ 978,600 1,720,700 938,500 1,661,800

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	$ 4,703,898	$ 16,883,189
Available for sale securities, fair value	128,622,664	267,774,539
Available for sale securities, unrecognized holding loss	19,549,601	2,291,672
Available for sale securities, fair value	202,160,513	13,189,587
Available for sale securities, unrecognized holding loss	24,253,499	19,174,861
Available for sale securities, fair value	330,783,177	280,964,126
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, fair value	71,811	760,255
Available for sale securities, unrecognized holding loss	16,337	3,469
Available for sale securities, fair value	580,227	58,072
Available for sale securities, unrecognized holding loss	19,526	15,360
Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	8,207	14,907
Available for sale securities, fair value	416,692	959,010
Available for sale securities, unrecognized holding loss	24,768	3,469
Available for sale securities, fair value	874,302	58,072
Available for sale securities, unrecognized holding loss	32,975	18,376
Available for sale securities, fair value		1,017,082
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	331,740	2,685,277
Available for sale securities, fair value	36,115,986	79,400,753
Available for sale securities, unrecognized holding loss	2,166,815
Available for sale securities, fair value	69,967,155
Available for sale securities, unrecognized holding loss	2,498,555	2,685,277
Available for sale securities, fair value	106,083,141	79,400,753
US Treasury Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, fair value	120,340	71,112
US Treasury Securities [Member] | US Government Corporations and Agencies Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, fair value	40,113
US Treasury Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	4,002
Available for sale securities, fair value	243,232
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	4,002
Available for sale securities, fair value	243,232
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	155,458	378,067
Available for sale securities, fair value	1,469,753	5,467,910
Available for sale securities, unrecognized holding loss	431,331	80,070
Available for sale securities, fair value	4,142,748	429,020
Available for sale securities, unrecognized holding loss	586,789	458,137
Available for sale securities, fair value	5,612,501	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	3,189	11,891
Available for sale securities, fair value	652,038	818,327
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	4,092,910	10,935,114
Available for sale securities, fair value	86,409,480	162,995,969
Available for sale securities, unrecognized holding loss	11,320,021	995,659
Available for sale securities, fair value	106,047,158	5,781,822
Available for sale securities, unrecognized holding loss	15,412,931	11,930,773
Available for sale securities, fair value	192,456,638	168,777,791
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	123,790	2,884,731
Available for sale securities, fair value	4,627,445	19,909,907
Available for sale securities, unrecognized holding loss	5,631,434	1,215,943
Available for sale securities, fair value	22,003,452	6,978,745
Available for sale securities, unrecognized holding loss	5,755,224	4,100,674
Available for sale securities, fair value	26,630,897	26,888,652
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	2,297	1,883
Available for sale securities, fair value	139,633	154,004
Available for sale securities, unrecognized holding loss	10,142	6,633
Available for sale securities, fair value	160,453	71,112
Available for sale securities, unrecognized holding loss	12,439	8,516
Available for sale securities, fair value	300,086	225,116
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	2,297	38
Available for sale securities, fair value	139,633	59,392
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	2,297	38
Available for sale securities, fair value	139,633	59,392
Cemetery Perpectual Care Oblication [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss		1,845
Available for sale securities, fair value		94,612
Available for sale securities, unrecognized holding loss	9,169	6,633
Available for sale securities, unrecognized holding loss	9,169	8,478
Available for sale securities, fair value	120,340	165,724
Cemetery Perpectual Care Oblication [Member] | US Government Corporations and Agencies Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	973
Available for sale securities, unrecognized holding loss	973
Available for sale securities, fair value	40,113
Cemetery Perpectual Care Oblication [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, fair value	1,290,994
Corporate Debt Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	1,016	3,016
Available for sale securities, fair value	101,649	198,755
Available for sale securities, unrecognized holding loss	8,431
Available for sale securities, fair value	294,075
Available for sale securities, unrecognized holding loss	9,447	3,016
Available for sale securities, fair value	$ 395,724	$ 198,755

Schedule of Credit Quality of F

Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Amortized cost	$ 380,283,562	$ 362,750,511
Estimated fair value	356,448,259	345,858,492
National Association of Insurance Commissioners [Member]
Guarantor Obligations [Line Items]
Amortized cost	380,033,562	362,500,511
Estimated fair value	356,188,259	345,598,492
NAIC, Class 1 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	210,224,246	197,753,818
Estimated fair value	198,601,878	189,691,540
NAIC, Class 2 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	162,752,957	156,261,804
Estimated fair value	151,279,566	148,073,873
NAIC, Class 3 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	5,329,117	7,080,305
Estimated fair value	4,890,504	6,635,786
NAIC, Class 4 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,462,481	1,377,541
Estimated fair value	1,325,409	1,157,454
NAIC, Class 5 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	263,504	25,736
Estimated fair value	90,901	39,155
NAIC, Class 6 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,257	1,307
Estimated fair value	$ 1	$ 684

Schedule of Allowance for Credi

Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance	$ 224,005
Additions for credit losses not previously recorded		179,500
Change in allowance on securities with previous allowance	(1,741)	42,764
Reductions for securities sold during the period	(10,764)	(10,764)
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	211,500	211,500
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	224,005
Additions for credit losses not previously recorded		179,500
Change in allowance on securities with previous allowance	(1,741)	42,764
Reductions for securities sold during the period	(10,764)	(10,764)
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	211,500	211,500
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)	9 Months Ended
	Sep. 30, 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 September 30	$ 225,475

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Amortized cost	$ 380,283,562	$ 362,750,511
Estimated fair value	356,448,259	345,858,492
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	32,889,293	33,501,686
Estimated fair value	27,147,491	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	379,163	263,205
Estimated fair value	367,392	254,731
Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	1,566,376	1,234,818
Estimated fair value	1,534,526	$ 1,217,308
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	6,818,008
Estimated fair value	6,812,398
Due in 1 year [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	29,573
Estimated fair value	30,000
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	160,874,392
Estimated fair value	155,802,499
Due in 2-5 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	254,242
Estimated fair value	245,011
Due in 2-5 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	702,873
Estimated fair value	692,458
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	93,763,663
Estimated fair value	88,297,470
Due in 5-10 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	41,086
Estimated fair value	40,113
Due in 5-10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	111,301
Estimated fair value	110,090
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	85,688,206
Estimated fair value	78,128,401
Due in more than 10 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	54,262
Estimated fair value	52,268
Due in more than 10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	752,202
Estimated fair value	$ 731,978

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Marketable Securities [Line Items]
Proceeds from sales	$ 207,522	$ 1,198,240	$ 1,163,132	$ 1,886,891
Gross realized gains		21,926	11,257	24,281
Gross realized losses	(3,368)	(24,811)	(57,472)	(32,656)
Gross investment income	23,372,713	22,852,085	69,575,825	63,156,684
Investment expenses	(4,124,250)	(4,249,015)	(12,380,505)	(13,388,020)
Net investment income	19,248,463	18,603,070	57,195,320	49,768,664
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	4,242,185	3,188,521	12,398,685	8,636,387
Equity Securities 1 [Member]
Marketable Securities [Line Items]
Gross investment income	167,348	139,412	448,564	382,246
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	9,842,845	10,477,672	27,797,908	27,682,315
Real Estate 1 [Member]
Marketable Securities [Line Items]
Gross investment income	3,291,047	3,918,310	11,553,643	10,970,535
Policy Student And Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	191,843	213,520	599,498	727,103
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	4,340,644	4,218,184	13,570,659	13,708,894
Other Investments 1 [Member]
Marketable Securities [Line Items]
Gross investment income	213,560	181,597	555,720	350,603
Cash And Cash Equivalents 1 [Member]
Marketable Securities [Line Items]
Gross investment income	$ 1,083,241	$ 514,869	$ 2,651,148	$ 698,601

Schedule of Assets on Deposit W

Schedule of Assets on Deposit With Life Insurance (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Fixed maturity securities available for sale	$ 6,248,114	$ 8,817,959
Cash and cash equivalents	1,956,777	2,214,206
Total	$ 8,204,891	$ 11,032,165

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Sep. 30, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 184,691,463	$ 191,328,616
Real estate held for sale		4,764,367	11,161,582
Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 146,656,466	$ 152,890,656
Total square footage | ft²		647,236	677,392
Real estate held for sale		$ 2,478,660	$ 151,553
Real estate Square footage | ft²		30,156
UTAH | Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 143,735,609	$ 147,627,946
Total square footage | ft²	[1]	625,920	625,920
LOUISIANA | Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 19,416	$ 2,380,847
Total square footage | ft²		1,622	31,778
Real estate held for sale		$ 2,327,107
Real estate Square footage | ft²		30,156
MISSISSIPPI | Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 2,901,441	$ 2,881,863
Total square footage | ft²		19,694	19,694
Real estate held for sale	[2]	$ 151,553	$ 151,553
Real estate Square footage | ft²	[2]
[1]Includes Center53[2]Consists of approximately 93 acres of undeveloped land

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2023		Dec. 31, 2022
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 184,691,463		$ 191,328,616
Real estate held for sale		4,764,367		11,161,582
Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		38,034,997		38,437,960
Real estate held for sale		2,285,707		11,010,029
UTAH | Land Developments [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		37,846,685		38,241,705
Lots developed		50		80
Lots to be developed		1,080		1,131
UTAH | Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	38,034,997		38,437,960
Real estate held for sale		$ 2,285,707	[2]	$ 11,010,029
[1]Includes residential subdivision development[2]Unimproved land

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Sep. 30, 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	9 Months Ended		12 Months Ended
		Mar. 31, 2023	Sep. 30, 2023		Dec. 31, 2022
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		$ 1,970,311	$ 1,970,311		$ 1,699,902
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)		(671,506)	665,030	[1]
Allowance for credit losses, provision	[2]		(22,397)		270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance			2,612,944		1,970,311
Commercial Loan [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		187,129	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]		67,246
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance			810,182		187,129
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		1,739,980	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]		52,797		270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance			1,600,170		1,739,980
Residential Construction [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		$ 43,202	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]		(142,440)
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance			$ 202,592		$ 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 ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Mortgage loans during period		$ 253,878,421	$ 312,183,703
Mortgage loans, allowance for loan losses		(2,612,944)	(1,970,311)	$ (1,699,902)
Mortgage loans, unamortized deferred loan fees, net		(1,629,546)	(1,746,605)
Mortgage loans, unamortized discounts, net		(328,833)	(342,860)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		7,761,991	4,553,390
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		1,795,326	814,184
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	6,430,507	1,286,211
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	276,580	1,281,174
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage loans during period		16,264,404	7,934,959
Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		237,614,017	304,248,744
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		249,307,098	308,123,927
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage loans during period		55,991,027	46,311,955
Mortgage loans, allowance for loan losses		(810,182)	(187,129)	(187,129)
Mortgage loans, unamortized deferred loan fees, net		(145,572)	(199,765)
Mortgage loans, unamortized discounts, net		(220,276)	(230,987)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		3,139,403	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]	1,646,508
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		4,785,911	1,405,000
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		51,205,116	44,906,955
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		54,814,997	45,694,074
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans during period		96,591,643	93,355,623
Mortgage loans, allowance for loan losses		(1,600,170)	(1,739,980)	(1,469,571)
Mortgage loans, unamortized deferred loan fees, net		(1,129,517)	(1,212,994)
Mortgage loans, unamortized discounts, net		(108,557)	(111,873)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		3,816,822	3,553,390
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period		1,795,326	814,184
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	3,778,582	1,286,211
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage loans during period	[1]	276,580	876,174
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage loans during period		9,667,310	6,529,959
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		86,924,333	86,825,664
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		93,753,399	90,290,776
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans during period		101,295,751	172,516,125
Mortgage loans, allowance for loan losses		(202,592)	(43,202)	$ (43,202)
Mortgage loans, unamortized deferred loan fees, net		(354,457)	(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		805,766
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]	1,005,417
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		1,811,183
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage loans during period		99,484,568	172,516,125
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage loans during period		$ 100,738,702	$ 172,139,077
[1]Interest income is not recognized on loans which are more than 90 days past due or in foreclosure.

Schedule of Commercial Mortgage

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details)	Sep. 30, 2023 USD ($)
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 17,525,000
2022	18,511,689
2021	5,255,378
2020	4,913,313
2019	2,989,026
Prior	6,796,621
Total	$ 55,991,027
% of Total	100%
Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 8,112,561
2022	56,144,678
2021	7,991,235
2020	8,296,322
2019	2,808,390
Prior	13,238,457
Total	$ 96,591,643
% of Total	100%
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 7,788,450
2022	55,306,009
2021	7,249,701
2020	7,495,836
2019	2,808,390
Prior	11,888,093
Total	$ 92,536,479
% of Total	95.80%
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 324,111	[1]
2022	838,669	[1]
2021	741,534	[1]
2020	800,486	[1]
2019		[1]
Prior	1,350,364	[1]
Total	$ 4,055,164	[1]
% of Total	4.20%	[1]
Less than 65% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 17,525,000
2022	13,396,458
2021	3,800,378
2020
2019	2,989,026
Prior	6,796,621
Total	$ 44,507,483
% of Total	79.49%
65% to 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	4,585,706
2021	1,050,000
2020	4,913,313
2019
Prior
Total	$ 10,549,019
% of Total	18.84%
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	1.67%
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	1,750,000
2020	4,913,313
2019	2,989,026
Prior	2,754,604
Total	$ 19,131,943
% of Total	34.17%
1.00x - 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 5,300,000
2022	8,496,130
2021	3,505,378
2020
2019
Prior	4,042,017
Total	$ 21,343,525
% of Total	38.12%
Less than 1.00x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 6,500,000
2022	9,015,559	[2]
2021
2020
2019
Prior
Total	$ 15,515,559
% of Total	27.71%
[1]Includes residential mortgage loans in the process of foreclosure of $ 276,580

Schedule of Commercial Mortga_2

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details) (Parenthetical)	Sep. 30, 2023 USD ($)
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Mortgage loans in process of foreclosure, amount	$ 276,580

Schedule of Residential Constru

Schedule of Residential Construction Mortgage Loans (Details) - Residential Construction Mortgage Loans [Member]	Sep. 30, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 48,525,276
2022	28,218,972
2021	24,551,503
Total	$ 101,295,751
% of Total	100%
Less than 65% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 29,476,916
2022	8,675,281
2021	17,117,181
Total	$ 55,269,378
% of Total	54.56%
65% to 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 19,048,360
2022	19,543,691
2021	7,434,322
Total	$ 46,026,373
% of Total	45.44%
Greater than 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022
2021
Total
% of Total	0%
Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 48,525,276
2022	27,213,555
2021	24,551,503
Total	$ 100,290,334
% of Total	99.01%
Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022	1,005,417
2021
Total	$ 1,005,417
% of Total	0.99%

Schedule of Aging of Insurance

Schedule of Aging of Insurance Assignments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Insurance assignments, allowance for loan losses	$ (1,555,261)	$ (1,609,951)	$ (1,686,218)
Past Due 30 to 59 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	9,374,806	10,621,443
Past Due 60 to 89 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	3,591,685	3,997,484
Over 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	4,611,748	5,813,013
Total Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	17,578,239	20,431,941
Current [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	25,045,762	26,510,594
Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	42,624,001	46,942,536
Net Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	$ 41,068,740	$ 45,332,585

Schedule of Allowance for Cre_2

Schedule of Allowance for Credit Losses (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 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		1,555,261	1,609,951
Commercial Loan [Member]
Marketable Securities [Line Items]
Allowance for credit losses, change in provision	[1]	667,260	889,480
Allowance for credit losses, Charge-offs		$ (721,950)	$ (965,747)
[1]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule of Investments [Line Items]
Gross realized gains		$ 21,926	$ 11,257	$ 24,281
Gross realized losses	(3,368)	(24,811)	(57,472)	(32,656)
Net credit loss (provision) release	(1,741)		(222,264)
Total	(932,414)	(2,178,952)	(4,676)	(2,921,372)
Fixed Maturity Securities [Member]
Schedule of Investments [Line Items]
Gross realized gains	37,565	30,121	54,619	205,755
Gross realized losses	(10,383)	(26,203)	(102,182)	(36,961)
Net credit loss (provision) release	1,740		(222,264)
Equity Securities One [Member]
Schedule of Investments [Line Items]
Gains (losses) on securities sold	324,009	(131,472)	277,057	(60,154)
Unrealized losses on securities held at the end of the period	(1,321,511)	(1,383,627)	(423,448)	(4,097,049)
Real Estate Held For Investment And Sale [Member]
Schedule of Investments [Line Items]
Gross realized gains	36,166		197,194	1,260,548
Gross realized losses		(727,370)		(825,593)
Other Assets Including Call And Put Option Derivatives [Member]
Schedule of Investments [Line Items]
Gross realized gains		59,599	214,348	632,082
Gross realized losses

Schedule of Accrued Investment

Schedule of Accrued Investment Income (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 12,266,695	$ 10,299,826
Fixed Maturity Securities Available For Sale [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	4,343,327	3,563,767
Equity Securities [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	12,729	14,496
Mortgage Loans Held for Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	4,732,717	3,220,709
Real Estate Held For Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,158,708	3,455,305
Policy Loans [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	4,463	37,951
Cash and Cash Equivalents [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 14,751	$ 7,598

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Credit loss recognized	$ 1,741		$ 222,264
Fixed maturity securities rated investment grade, percent	98.20%		98.20%		97.70%
Maximum borrowing capacity	$ 92,437,113		$ 92,437,113
Other borrowings
Remaining borrowing capacity	85,218,402		85,218,402
Loans Payable to Bank	108,431,028		108,431,028		$ 161,712,804
Interest not accrued on non-performing loans	249,000		249,000		$ 226,000
Realized investment gains	452,115	640,593	200,605	1,636,469
Net investment income	19,248,463	18,603,070	57,195,320	49,768,664
Cemeteries and Mortuaries [Member]
Debt Securities, Available-for-Sale [Line Items]
Net investment income	$ 372,277	675,259	$ 2,224,629	1,882,502
UTAH
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	45%		45%		64%
FLORIDA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	12%		12%		10%
CALIFORNIA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	9%		9%		5%
AZERBAIJAN
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	7%		7%
TEXAS
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	6%		6%		5%
Minimum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	2%		2%
Loan term			9 months
Maximum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	10.50%		10.50%
Loan term			30 years
816 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost	93.20%		93.20%
713 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost					93.10%
Commercial Real Estate 1 [Member]
Debt Securities, Available-for-Sale [Line Items]
Collateral for bank loans	$ 125,641,402		$ 125,641,402		$ 129,330,119
Loans Payable to Bank	98,250,725		98,250,725		97,112,131
Depreciation expense	1,572,494	1,604,195	4,715,322	4,593,468
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Depreciation expense	2,648	$ 2,648	7,944	$ 7,944
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Foreclosed real estate expense					$ 11,010,029

Schedule of Aggregate Fair Valu

Schedule of Aggregate Fair Value Loans Held for Sale (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Loans Held For Sale
Aggregate fair value	$ 152,546,566	$ 141,179,620
Unpaid principal balance	153,420,558	141,337,811
Unrealized loss	$ (873,992)	$ (158,191)

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loans Held For Sale
Loan fees	$ 6,033,227	$ 4,729,445	$ 16,408,443	$ 19,766,856
Interest income	2,637,971	2,570,511	7,265,516	7,525,826
Secondary gains	17,625,394	28,940,898	54,884,965	103,336,118
Change in fair value of loan commitments	(1,504,286)	(3,271,282)	(977,716)	(2,843,155)
Change in fair value of loans held for sale	(108,676)	(4,131,363)	(715,799)	(7,973,171)
Provision (release) for loan loss reserve	252,389	(230,321)	138,369	(829,243)
Mortgage fee income	$ 24,936,019	$ 28,607,888	$ 77,003,778	$ 118,983,231

Summary of Loan Loss Reserve In

Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)	9 Months Ended			12 Months Ended
	Sep. 30, 2023		Sep. 30, 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	770,220	[1]	$ 829,243	1,078,812	[1]
Charge-offs, net of recaptured amounts	(1,804,134)			(1,800,284)
Balance, end of period	$ 691,753			$ 1,725,667
[1]Included in mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	9 Months Ended			12 Months Ended
	Sep. 30, 2023		Sep. 30, 2022	Dec. 31, 2022	[1]
Loans Held For Sale
Provision on current loan originations	$ 770,220	[1]	$ 829,243	$ 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 ($)	9 Months Ended
	Sep. 30, 2023		Sep. 30, 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	$ 4.56	[1]	$ 4.38	[2]
Number of Shares, adjustment for effect of stock dividends	38,266		47,780
Number of shares, granted	16,000		4,000
Number of shares, exercised	(233,180)		(71,330)
Number of shares, cancelled			(1,591)
Number of shares, outstanding, ending	797,691		1,003,210
Weighted average exercise price, outstanding, ending	$ 4.78	[1]	$ 4.58	[2]
Number of shares, options exercisable	770,066		978,835
Weighted average exercise price, options exercisable	$ 4.73	[1]	$ 4.49	[2]
Number of shares, available options for future grant	171,386		1,239,795
Weighted average contractual term of options outstanding	4 years 8 months 8 days		4 years 3 months 25 days
Weighted average contractual term of options exercisable	4 years 6 months 10 days		4 years 2 months 8 days
Aggregated intrinsic value of options outstanding	$ 2,438,675	[3]	$ 1,775,100	[4]
Aggregated intrinsic value of options exercisable	$ 2,398,360	[3]	$ 1,819,950	[4]
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	$ 5.31	[1]	$ 5.26	[2]
Number of Shares, adjustment for effect of stock dividends	57,859		41,057
Number of shares, granted
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, ending	1,215,062		862,203
Weighted average exercise price, outstanding, ending	$ 5.31	[1]	$ 5.26	[2]
Number of shares, options exercisable	1,141,312		804,703
Weighted average exercise price, options exercisable	$ 5.25	[1]	$ 5.04	[2]
Number of shares, available options for future grant	834,750		17,523
Weighted average contractual term of options outstanding	6 years 1 month 24 days		6 years 9 months
Weighted average contractual term of options exercisable	6 years 10 days		6 years 7 months 17 days
Aggregated intrinsic value of options outstanding	$ 3,074,037	[3]	$ 939,395	[4]
Aggregated intrinsic value of options exercisable	$ 2,955,012	[3]	$ 1,055,445	[4]
[1]Adjusted for the effect of annual stock dividends.[2]Adjusted for the effect of annual stock dividends.[3]The Company used a stock price of $ 7.84 6.35

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical) - $ / shares	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock price	$ 7.84	$ 6.35

Schedule of Activity Restricted

Schedule of Activity Restricted Stock Units (Details) - USD ($)		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, available RSUs for future grant		171,386	1,239,795
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		(810)
Non-vested Number of shares, ending		810
Number of shares, available RSUs for future grant		18,380
Aggregated intrinsic value of RSUs outstanding	[1]	$ 1,102
[1]The Company used a stock price of $ 7.84

Schedule of Activity Restrict_2

Schedule of Activity Restricted Stock Units (Details) (Parenthetical) - $ / shares	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price	$ 7.84	$ 6.35
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price	$ 7.84

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 145,973	$ 141,954	$ 143,671	$ 230,853	$ 220,175	$ 271,747
Unrecognized compensation expense	102,775						$ 102,775
Intrinsic value stock options exercised							454,923	$ 521,527
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	$ 145,973			$ 230,853			$ 430,856	$ 722,775

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		3 Months Ended						9 Months Ended
		Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net earnings (loss)		$ 4,041,293	$ 6,352,706	$ 1,240,172	$ (2,353,185)	$ 3,574,449	$ 3,228,718	$ 11,634,171	$ 4,449,982
Basic weighted-average shares outstanding	[1]	22,063,495			21,976,292			22,066,243	22,213,846
Employee stock options		768,231			719,704			634,099	822,367
Diluted weighted-average shares outstanding	[1]	22,831,726			22,695,996			22,700,342	23,036,213
Basic net earnings (loss) per share	[1]	$ 0.18			$ 0.11			$ 0.53	$ 0.20
Diluted net earnings (loss) per share	[1]	$ 0.18			$ 0.10			$ 0.51	$ 0.19
[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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 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	239,191	69,096
Vesting of restricted stock units	810
Stock dividends	949,980	889,554
Conversion of Class C to Class A	59,599	116,168
Common stock, shares, outstanding, ending	20,007,611	18,717,540
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
Vesting of restricted stock units
Stock dividends	141,594	139,462
Conversion of Class C to Class A	(59,599)	(116,168)
Common stock, shares, outstanding, ending	2,971,854	2,889,859

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 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	55,125	339,150

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenues from external customers	$ 80,241,727	$ 83,477,220		$ 243,588,620	$ 281,469,781
Intersegment revenues
Segment profit (loss) before income taxes	5,158,690	(3,302,344)	$ 5,871,018	14,892,911	5,871,018
Identifiable Assets	1,408,518,452	1,454,820,084	1,454,820,084	1,408,518,452	1,454,820,084
Goodwill	5,253,783	5,253,783	5,253,783	5,253,783	5,253,783	$ 5,253,783
Total Assets	1,413,772,235	1,460,073,867	1,460,073,867	1,413,772,235	1,460,073,867
Cemetery/Mortuary [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	7,416,423	6,691,998		23,427,327	21,446,210
Intersegment revenues	85,699	91,699		254,302	359,439
Segment profit (loss) before income taxes	1,469,592	901,084	4,407,339	6,082,343
Identifiable Assets	92,299,022	80,402,663	80,402,663	92,299,022	80,402,663
Goodwill	2,488,213	2,488,213	2,488,213	2,488,213	2,488,213
Total Assets	94,787,235	82,890,876	82,890,876	94,787,235	82,890,876
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	25,626,135	33,667,146		79,475,738	134,237,417
Intersegment revenues	133,639	101,019		393,145	253,554
Segment profit (loss) before income taxes	(3,486,083)	(8,437,047)	(7,518,209)	(11,206,534)
Identifiable Assets	107,800,781	239,915,479	239,915,479	107,800,781	239,915,479
Goodwill
Total Assets	107,800,781	239,915,479	239,915,479	107,800,781	239,915,479
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	(2,549,630)	(1,916,530)		(7,005,257)	(6,108,571)
Segment profit (loss) before income taxes
Identifiable Assets	(90,608,563)	(87,763,750)	(87,763,750)	(90,608,563)	(87,763,750)
Goodwill
Total Assets	$ (90,608,563)	$ (87,763,750)	$ (87,763,750)	$ (90,608,563)	$ (87,763,750)

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)		Sep. 30, 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 $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)		$ 356,448,259		$ 345,858,492
Equity securities		12,309,544		11,682,526
Loans held for sale		152,546,566		141,179,620
Restricted assets		1,534,526	[1]	1,217,308	[2]
Restricted assets		6,312,610	[3]	5,348,244	[4]
Cemetery perpetual care trust investments		367,392	[1]	254,731	[2]
Cemetery perpetual care trust investments		3,855,805	[3]	3,605,162	[4]
Derivatives - loan commitments		4,817,703	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		538,192,405		513,235,939
Derivatives - loan commitments		(3,088,542)	[7]	(1,382,979)	[8]
Total liabilities accounted for at fair value on a recurring basis		(3,088,542)		(1,426,582)
Derivatives - call options	[8]			(29,715)
Derivatives - put options	[8]			(13,888)
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 $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)
Equity securities		12,309,544		11,682,526
Loans held for sale
Restricted assets			[1]		[2]
Restricted assets		6,312,610	[3]	5,348,244	[4]
Cemetery perpetual care trust investments			[1]		[2]
Cemetery perpetual care trust investments		3,855,805	[3]	3,605,162	[4]
Derivatives - loan commitments			[5]		[6]
Total assets accounted for at fair value on a recurring basis		22,477,959		20,635,932
Derivatives - loan commitments			[7]		[8]
Total liabilities accounted for at fair value on a recurring basis				(43,603)
Derivatives - call options	[8]			(29,715)
Derivatives - put options	[8]			(13,888)
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 $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)		355,216,072		344,422,973
Equity securities
Loans held for sale
Restricted assets		1,534,526	[1]	1,217,308	[2]
Restricted assets			[3]		[4]
Cemetery perpetual care trust investments		367,392	[1]	254,731	[2]
Cemetery perpetual care trust investments			[3]		[4]
Derivatives - loan commitments			[5]		[6]
Total assets accounted for at fair value on a recurring basis		357,117,990		345,895,012
Derivatives - loan commitments			[7]		[8]
Total liabilities accounted for at fair value on a recurring basis
Derivatives - call options	[8]
Derivatives - put options	[8]
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 $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)		1,232,187		1,435,519
Equity securities
Loans held for sale		152,546,566		141,179,620
Restricted assets			[1]		[2]
Restricted assets			[3]		[4]
Cemetery perpetual care trust investments			[1]		[2]
Cemetery perpetual care trust investments			[3]		[4]
Derivatives - loan commitments		4,817,703	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		158,596,456		146,704,995
Derivatives - loan commitments		(3,088,542)	[7]	(1,382,979)	[8]
Total liabilities accounted for at fair value on a recurring basis		$ (3,088,542)		(1,382,979)
Derivatives - call options	[8]
Derivatives - put options	[8]
[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

Schedule of Assets and Liabilit

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2023		Dec. 31, 2022		Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)	$ 356,448,259		$ 345,858,492
Fair Value Balance	4,817,703	[1]	4,089,856	[2]
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)	$ 152,546,566		$ 141,179,620
Fair value measurement, range of inputs, minimum value	70%		69.90%
Fair Value Measurement, Range of Inputs, Maximum Value	107%		106.10%
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	99%		99.80%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value measurement, range of inputs, minimum value	70%		65%
Fair Value Measurement, Range of Inputs, Maximum Value	95%
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average	88%
Fair Value Balance	$ 1,729,161		$ 2,706,877		$ 3,233,447	$ 4,172,360	$ 7,443,642	$ 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 $380,283,562 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $211,500 and nil for 2023 and 2022, respectively)	1,232,187		1,435,519		$ 1,431,874	$ 1,625,198	$ 1,962,789	$ 2,023,348
Fair Value Balance	$ 1,232,187		$ 1,435,519
Fair Value Measurement, Range of Inputs, Minimum Value, price per share	$ 98.40		$ 100
Fair Value Measurement, Range of Inputs, Maximum Value, price per share	100		111.11
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average, price per share	$ 99.32		$ 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 Condense

Schedule of Changes in Condensed Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 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						50,158,586		$ 115,680,915
Sales, maturities and paydowns						(33,160,924)		(11,695,675)
Total gains (losses) included in other comprehensive income		$ (6,725,752)		$ (13,527,157)		(6,310,923)		(42,014,068)
Net loan commitments, ending	[2]	4,817,703				4,817,703
Loans Held for Sale, Ending		152,546,566				152,546,566
Fixed Maturity Securities Available for Sale, Ending		356,448,259				356,448,259
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning		3,233,447		7,443,642		2,706,877		7,015,515
Originations and purchases
Sales, maturities and paydowns
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		(1,504,286)	[3]	(3,271,282)	[4]	(977,716)	[5]	(2,843,155)	[6]
Total gains (losses) included in other comprehensive income
Net loan commitments, ending		1,729,161		4,172,360		1,729,161		4,172,360
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		161,310,060		209,860,409		141,179,620		302,776,827
Fixed Maturity Securities Available for Sale, Beginning						141,179,620
Originations and purchases		569,095,944		787,389,868		1,708,831,185		2,837,349,328
Sales, maturities and paydowns		(585,545,472)		(800,430,402)		(1,726,023,095)		(2,987,906,269)
Transfer to mortgage loans held for investment		(1,867,552)		(49,428,757)		(3,017,626)		(49,428,757)
Total gains (losses) included in earnings		9,553,586	[3]	14,590,805	[4]	31,576,482	[5]	59,190,794	[6]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		152,546,566		161,981,923		152,546,566		161,981,923
Fixed Maturity Securities Available for Sale, Ending		152,546,566				152,546,566
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning						1,435,519
Fixed Maturity Securities Available for Sale, Beginning		1,431,874		1,962,789		1,435,519		2,023,348
Originations and purchases
Sales, maturities and paydowns		(129,521)		(344,630)		(129,521)		(368,980)
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		(109)	[7]		[8]	(109)	[9]	1,957	[10]
Total gains (losses) included in other comprehensive income		(70,057)		7,039		(73,702)		(31,127)
Net loan commitments, ending		1,232,187				1,232,187
Fixed Maturity Securities Available for Sale, Ending		$ 1,232,187		$ 1,625,198		$ 1,232,187		$ 1,625,198
[1] Included in other assets on the consolidated balance sheets

Schedule of Fair Value Assets M

Schedule of Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 249,307,098	$ 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		471,786
Assets fair value disclosure nonrecurring		471,786
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		471,786
Assets fair value disclosure nonrecurring		$ 471,786

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Sep. 30, 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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	$ 249,307,098		$ 308,123,927
Other investments and policy loans	66,253,417		70,508,156
Restricted assets	19,907,485		18,935,055
Cemetery perpetual care trust investments	7,640,990		7,276,210
Mortgage servicing rights	3,494,723		3,039,765		$ 53,060,455
Mortgage servicing rights, estimated fair value	5,012,375		3,927,877
Bank and other loans payable	(108,431,028)		(161,712,804)
Future policy benefits and unpaid claims	(908,917,966)		(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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	93,753,399		90,290,776
Mortgage loans held for investment, estimated fair value	91,471,266		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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	91,471,266		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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	100,738,702		172,139,077
Mortgage loans held for investment, estimated fair value	100,740,713		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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	100,740,713		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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	54,814,997		45,694,074
Mortgage loans held for investment, estimated fair value	53,928,941		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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	53,928,941		44,079,537
Mortgage Loans Net 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	249,307,098		308,123,927
Mortgage loans held for investment, estimated fair value	246,140,920		304,793,907
Mortgage Loans Net 1 [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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
Mortgage Loans Net 1 [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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)
Mortgage Loans Net 1 [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 $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	246,140,920		304,793,907
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,154,845		13,095,473
Other investments and policy loans, estimated fair value	13,154,845		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]
Other investments and policy loans
Policy Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	13,154,845		13,095,473
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans	41,068,740	[1]	45,332,585	[2]
Other investments and policy loans, estimated fair value	41,068,740	[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	41,068,740	[1]	45,332,585	[2]
Restricted Assets 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,113,970	[3]	1,731,469	[4]
Restricted assets, estimated fair value	1,113,970	[3]	1,731,469	[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets 1 [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,113,970	[3]	1,731,469	[4]
Cemetery Perpetual Care Trust Investments 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	1,962,587	[3]	1,506,517	[4]
Cemetery perpetual care trust investments, estimated fair value	1,962,587	[3]	1,506,517	[4]
Cemetery Perpetual Care Trust Investments 2 [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 2 [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 2 [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	1,962,587	[3]	1,506,517	[4]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	3,494,723		3,039,765
Mortgage servicing rights, estimated fair value	5,012,375		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	5,012,375		3,927,877
Bank And Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(108,431,028)		(161,712,804)
Bank and other loans payable, fair value	(108,431,028)		(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	(108,431,028)		(161,712,804)
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(39,988,385)	[5]	(41,146,171)	[6]
Future policy benefits and unpaid claims	(41,141,921)	[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	(41,141,921)	[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	(106,278,388)	[5]	(106,637,094)	[6]
Future policy benefits and unpaid claims	(123,165,600)	[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	$ (123,165,600)	[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)	9 Months Ended
	Sep. 30, 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 ($)	Sep. 30, 2023	Dec. 31, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 268,292,962	$ 453,371,808
Derivative asset, notional amount	4,817,703	4,089,859
Derivative liability, notional amount	3,088,542	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	268,292,962	454,894,908
Derivative asset, notional amount	4,817,703	4,089,859
Derivative liability, notional amount	$ 3,088,542	$ 1,426,582

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ (1,504,286)	$ (3,271,282)	$ (977,716)	$ (2,843,155)
Call And Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives		$ 50,045	$ 49,963	$ 176,274

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 92,437,113
Repayment of outstanding advances	10,200,000
Payment for other liabilities	157,247,000
Other commitments	104,378,000
Wells Fargo Bank N A [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Line of credit, maturity date	Oct. 31, 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, maturity date	Nov. 30, 2024
Adjustment of debt | $ / shares	$ 1
U S Bank [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 25,000,000
Line of credit, maturity date	Dec. 01, 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 ($)			9 Months Ended	12 Months Ended
		Oct. 31, 2022	Sep. 30, 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]		907,546	10,243,922
Amortization	[2]		(452,588)	(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			3,494,723	3,039,765
Balance at beginning of year
Additions
Balance at end of period
Mortgage servicing rights, net			3,494,723	3,039,765
Estimated fair value of MSRs at end of period			$ 5,012,375	$ 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)	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 351,687
2024	317,526
2025	293,311
2026	265,639
2027	240,113
Thereafter	2,026,447
Total	$ 3,494,723

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Contractual servicing fees	$ 249,050	$ 4,644,397	$ 892,668	$ 13,845,626
Late Fee Income, Servicing Financial Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues	Other revenues	Other revenues	Other revenues
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues	Other revenues	Other revenues	Other revenues
Late fees	$ 21,037	$ 107,219	$ 84,358	$ 288,854
Total	$ 270,087	$ 4,751,616	$ 977,026	$ 14,134,480

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 411,911,166	$ 360,023,384

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	8	8.12
Average life	8 years 7 months 2 days	8 years 5 months 26 days
Discount rate	12.22	11.95

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details Narrative) - USD ($)		9 Months Ended	12 Months Ended
	Oct. 31, 2022	Sep. 30, 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	21.70%	28.70%	21.90%	24.20%
Provision for income taxes	$ 1,117,397	$ (949,159)	$ 3,258,740	$ 1,421,036
Federal statutory income tax rate, percent			21%

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 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]	6,088,152	5,392,779
Contract asset, ending balance
Contract liability, ending balance		17,573,212	16,226,836
Increase (decrease) in accounts receivable	[1]	695,373	94,143
Increase (decrease) in contract asset
Increase (decrease) in contract liability		$ 1,346,376	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net mortuary and cemetery sales	$ 7,234,031	$ 6,470,363	$ 20,874,174	$ 20,926,587
Major Goods Or Services Lines At Need [Member]
Net mortuary and cemetery sales	4,832,352	4,839,289	14,985,838	16,304,276
Major Goods Or Services Lines Pre Need [Member]
Net mortuary and cemetery sales	2,401,679	1,631,074	5,888,336	4,622,311
Timing Of Revenue Recognition Goods Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	4,762,777	4,040,381	13,321,412	12,815,582
Timing Of Revenue Recognition Services Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	$ 2,471,254	$ 2,429,982	$ 7,552,762	$ 8,111,005

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net mortuary and cemetery sales	$ 7,234,031	$ 6,470,363	$ 20,874,174	$ 20,926,587
Losses on investments and other assets	(932,414)	(2,178,952)	(4,676)	(2,921,372)
Net investment income	19,248,463	18,603,070	57,195,320	49,768,664
Other revenues	848,825	5,737,434	2,832,630	16,221,307
Revenues from external customers	80,241,727	83,477,220	243,588,620	281,469,781
Cemetery/Mortuary [Member]
Net mortuary and cemetery sales	7,234,031	6,470,363	20,874,174	20,926,587
Losses on investments and other assets	(452,120)	(640,593)	(200,610)	(1,615,253)
Net investment income	516,094	681,239	2,460,859	1,916,970
Other revenues	118,418	180,989	292,904	217,906
Revenues from external customers	$ 7,416,423	$ 6,691,998	$ 23,427,327	$ 21,446,210

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized included in the opening contract liability	$ 1,279,750	$ 1,034,035	$ 3,516,215	$ 3,624,463

Schedule of Receivables (Detail

Schedule of Receivables (Details) - USD ($)		Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Contracts with customers	[1]	$ 6,088,152	$ 5,392,779	$ 5,298,636
Receivables from sales agents		2,527,586	2,209,185
Other		8,404,014	23,200,919
Total receivables		17,019,752	30,802,883
Allowance for doubtful accounts		(1,520,801)	(2,229,791)	$ (1,800,725)
Net receivables		$ 15,498,951	$ 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 ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Beginning balance		$ 2,229,791	$ 1,800,725
Change in provision for credit losses	[1]	(597,430)	799,888
Charge-offs		(111,560)	(370,822)
Ending balance		$ 1,520,801	$ 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 ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2023		Dec. 31, 2022		Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	$ 380,283,562		$ 362,750,511
Available for sale securities, unrecognized holding gain	629,696		2,282,842
Available for sale securities, unrecognized holding loss	(24,253,499)	[1]	(19,174,861)
Available for sale securities, estimated fair value	356,448,259		345,858,492
Available-for-sale securities, amortized cost basis	10,470,974		9,942,265
Available-for-sale securities, gross unrealized gain	12,309,544		11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	249,307,098		308,123,927
Cash and cash equivalents	147,122,807		133,483,817		$ 94,221,217	$ 141,414,282
Total restricted assets	19,907,485		18,935,055
Cemetery Perpectual Care Oblication [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	379,163		263,205
Available for sale securities, unrecognized holding gain	668		42
Available for sale securities, unrecognized holding loss	(12,439)		(8,516)
Allowance for Credit Losses
Available for sale securities, estimated fair value	367,392		254,731
Cash and cash equivalents	1,424,574		1,925,978
Cemetery Perpectual Care Oblication [Member] | Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	389,641
Available for sale securities, unrecognized holding gain	924
Available for sale securities, unrecognized holding loss	(4,002)
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	208,568		89,004
Available for sale securities, unrecognized holding gain	668		42
Available for sale securities, unrecognized holding loss	(2,297)		(38)
Allowance for Credit Losses
Available for sale securities, estimated fair value	206,939		89,008
Cemetery Perpectual Care Oblication [Member] | US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	129,509		174,201
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(9,169)		(8,478)
Allowance for Credit Losses
Available for sale securities, estimated fair value	120,340		165,723
Cemetery Perpectual Care Oblication [Member] | Industrial Miscellaneous And All Other [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available-for-sale securities, amortized cost basis	3,507,720		3,195,942
Available for sale securities, unrecognized holding gain	624,037		584,383
Available for sale securities, unrecognized holding loss	(275,952)		(175,163)
Available-for-sale securities, gross unrealized gain	3,855,805		3,605,162
Cemetery Perpectual Care Oblication [Member] | Equity Securities One [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available-for-sale securities, amortized cost basis	3,507,720		3,195,942
Available for sale securities, unrecognized holding loss	(275,952)		(175,163)
Available-for-sale securities, gross unrealized gain	3,855,805		3,605,162
Mortgage loans held for investment (net of allowance for credit losses of $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	1,962,587
Cemetery Perpectual Care Oblication [Member] | Residential Construction [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Mortgage loans on real estate and construction	1,966,520		1,506,517
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	1,566,376		1,234,818
Available for sale securities, unrecognized holding gain	1,125		866
Available for sale securities, unrecognized holding loss	(32,975)		(18,376)
Available for sale securities, estimated fair value	1,534,526		1,217,308
Available-for-sale securities, amortized cost basis	6,011,816
Cash and cash equivalents	10,946,379	[2]	10,638,034	[3]
Total restricted assets	19,907,485		18,935,055
Restricted Assets [Member] | US Treasury Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Allowance for Credit Losses
Available for sale securities, estimated fair value	386,563
Restricted Assets [Member] | US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	771,564		1,033,047
Available for sale securities, unrecognized holding gain	201		866
Available for sale securities, unrecognized holding loss	(19,526)		(15,360)
Allowance for Credit Losses
Available for sale securities, estimated fair value	752,239		1,018,553
Restricted Assets [Member] | Corporate Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available for sale securities, amortized cost	405,171		201,771
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(9,447)		(3,016)
Allowance for Credit Losses
Available for sale securities, estimated fair value	395,724		198,755
Restricted Assets [Member] | Industrial Miscellaneous And All Other [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available-for-sale securities, amortized cost basis			4,955,360
Available for sale securities, unrecognized holding gain	739,197		703,049
Available for sale securities, unrecognized holding loss	(438,403)		(310,165)
Available-for-sale securities, gross unrealized gain	6,312,610		5,348,244
Restricted Assets [Member] | Equity Securities One [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Available-for-sale securities, amortized cost basis	6,011,816		4,955,360
Available for sale securities, unrecognized holding gain	739,197		703,049
Available for sale securities, unrecognized holding loss	(438,403)		(310,165)
Available-for-sale securities, gross unrealized gain	6,312,610		5,348,244
Restricted Assets [Member] | Residential Construction [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Mortgage loans on real estate and construction	1,116,202		$ 1,731,469
Fair value allowance for credit losse	(2,232)
Mortgage loans held for investment (net of allowance for credit losses of $2,612,944 and $1,970,311 for 2023 and 2022, respectively)	$ 1,113,970
[1]Gross unrealized losses are net of allowance for credit losses[2]Including cash and cash equivalents of $ 8,224,592 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 ($)	Sep. 30, 2023		Dec. 31, 2022		Sep. 30, 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	$ 147,122,807		$ 133,483,817		$ 94,221,217	$ 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	10,946,379	[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	$ 8,224,592		$ 8,527,620
[1]Including cash and cash equivalents of $ 8,224,592 8,527,620

Cemetery Perpetual Care Trust_3

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cemetery Perpectual Care Oblication [Member]
Schedule of Investments [Line Items]
Credit loss recognized	$ 0	$ 0	$ 0	$ 0
Four Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	96%		96%
Five Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost					96.40%
Sixteen Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	97.50%		97.50%
Seventeen Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost					98.20%

Schedule of Changes in Accumula

Schedule of Changes in Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized losses on fixed maturity securities available for sale		$ (6,725,752)	$ (13,527,157)	$ (6,310,923)	$ (42,014,068)
Amounts reclassified into net earnings (loss)		(79,850)	3,917	(269,827)	168,794
Unrealized gains (losses) on cemetery perpetual care trust investments		(6,805,602)	(13,523,240)	(6,580,750)	(41,845,274)
Tax benefit (expense)		1,429,176	2,839,881	1,381,958	8,787,509
Net		(5,376,426)	(10,683,359)	(5,198,792)	(33,057,765)
Tax benefit (expense)		610	(7,204)	838	6,054
Net		(1,877)	21,727	(2,461)	(18,240)
Other comprehensive loss changes		(5,387,527)	(10,641,313)	(5,212,021)	(33,142,128)
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(12,284)	27,060	(14,340)	(88,058)
Tax benefit (expense)		3,060	(6,741)	3,572	21,935
Net		(9,224)	20,319	(10,768)	(66,123)
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]	$ (2,487)	$ 28,931	$ (3,299)	$ (24,294)
[1]Fixed maturity securities available for sale

Schedule of Accumulated Balance

Schedule of Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 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		(5,198,792)		(31,072,032)
Unrealized gains on fix maturity securities available-for-sale		(18,249,559)		(13,050,767)
Unrealized gains (losses) on restricted assets		(13,148)	[1]	40,192	[2]
Increase Dececrease in Unrealized gains (losses) on restricted assets		(10,768)	[1]	(53,340)	[2]
Unrealized gains (losses) on restricted assets	[1]	(23,916)		(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		(2,461)	[1]	(15,353)	[2]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(8,823)		(6,362)
Other comprehensive income (loss), Balance		(13,070,277)		18,070,448
Increase (Decrease) in Other comprehensive income (loss), Balance		(5,212,021)		(31,140,725)
Other comprehensive income (loss), Balance		$ (18,282,298)		$ (13,070,277)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale