Security National Financial (SNFCA) 10-K 29 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 26, 2024	Jun. 30, 2023
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
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 West Ascension Way
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84123
City Area Code	(801)
Local Phone Number	264-1060
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SNFCA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 64,000,000
Documents Incorporated by Reference	Portions of the following document are incorporated by reference in Part III of this Report: the registrant’s definitive proxy statement relating to its 2024 Annual Meeting of Shareholders
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Salt Lake City, UT
Common Class A [Member]
Entity Common Stock, Shares Outstanding		20,048,581
Common Class C [Member]
Entity Common Stock, Shares Outstanding		2,971,680

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	$ 381,535,986	$ 345,858,492
Equity securities at estimated fair value (cost of $10,571,505 and $9,942,265 for 2023 and 2022, respectively)	13,636,071	11,682,526
Mortgage loans held for investment (net of allowance for credit losses of $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	275,616,837	308,123,927
Real estate held for investment (net of accumulated depreciation of $29,307,791 and $23,793,204 for 2023 and 2022, respectively)	183,419,292	191,328,616
Real estate held for sale	3,028,973	11,161,582
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	69,404,617	70,508,156
Accrued investment income	10,170,790	10,299,826
Total investments	936,812,566	948,963,125
Cash and cash equivalents	126,941,658	120,919,805
Loans held for sale at estimated fair value	126,549,190	141,179,620
Receivables (net of allowance for credit losses of $1,897,887 and $2,229,791 for 2023 and 2022, respectively)	15,335,315	28,573,092
Restricted assets (including $9,239,063 and $6,565,552 for 2023 and 2022, respectively, at estimated fair value)	20,028,976	18,935,055
Cemetery perpetual care trust investments (including $4,969,005 and $3,859,893 for 2023 and 2022 at estimated fair value)	8,082,917	7,276,210
Receivable from reinsurers	14,857,059	15,033,938
Cemetery land and improvements	9,163,691	9,101,474
Deferred policy and pre-need contract acquisition costs	116,351,067	108,655,128
Mortgage servicing rights, net	3,461,146	3,039,765
Property and equipment, net	19,175,099	20,579,649
Value of business acquired	8,467,613	9,803,736
Goodwill	5,253,783	5,253,783
Other	20,072,195	23,798,512
Total Assets	1,430,552,275	1,461,112,892
Liabilities
Future policy benefits and unpaid claims	916,038,616	889,327,303
Unearned premium reserve	2,543,822	2,773,616
Bank and other loans payable	105,555,137	161,712,804
Deferred pre-need cemetery and mortuary contract revenues	18,237,246	16,226,836
Cemetery perpetual care obligation	5,326,196	5,099,542
Accounts payable	2,936,968	5,361,449
Other liabilities and accrued expenses	53,266,090	57,113,888
Income taxes	13,752,981	30,710,527
Total liabilities	1,117,657,056	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	72,424,429	64,767,769
Accumulated other comprehensive loss, net of taxes	(6,885,558)	(13,070,277)
Retained earnings	206,978,373	202,160,306
Treasury stock, at cost - 806,311 Class A shares and 35,717 Class C shares as of December 31, 2023; and 525,870 Class A shares and 34,016 Class C shares as of December 31, 2022	(5,661,737)	(4,366,651)
Total stockholders’ equity	312,895,219	292,786,927
Total Liabilities and Stockholders’ Equity	1,430,552,275	1,461,112,892
Common Class A [Member]
Stockholders’ Equity
Common stock value	40,096,004	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

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 390,884,441	$ 362,750,511
Allowance for credit loss	314,549
Equity securities cost	10,571,505	9,942,265
Allowance for loan and lease losses, real estate	3,818,653	1,970,311
Real estate investment property, accumulated depreciation	29,307,791	23,793,204
Allowance for doubtful accounts, premiums and other receivables	1,553,836	1,609,951
Accounts receivable, allowance for credit loss	1,897,887	2,229,791
Aggregate fair value, restricted assets	9,239,063	6,565,552
Aggregate fair value, cemetery perpetual care trust investments	$ 4,969,005	$ 3,859,893
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	20,048,002	18,758,031
Common stock, shares outstanding	20,048,002	18,758,031
Treasury stock, shares	806,311	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

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Revenues:
Mortgage fee income		$ 98,147,972	$ 173,499,681
Insurance premiums and other considerations		114,658,436	105,001,640
Net investment income		72,343,047	66,197,592
Net mortuary and cemetery sales		27,864,811	26,993,855
Gains (losses) on investments and other assets		1,837,342	(857,460)
Other		3,645,882	18,817,020
Total revenues		318,497,490	389,652,328
Benefits and expenses:
Death benefits		61,390,517	59,377,962
Surrenders and other policy benefits		4,612,346	4,688,470
Increase in future policy benefits		34,008,997	28,858,969
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		18,024,338	17,950,202
Selling, general and administrative expenses:
Commissions		39,929,556	63,321,092
Personnel		83,141,759	100,111,523
Advertising		3,710,445	5,697,998
Rent and rent related		6,857,137	6,883,013
Depreciation on property and equipment		2,351,661	2,496,906
Costs related to funding mortgage loans		6,440,439	7,540,041
Other		32,058,856	45,797,753
Interest expense		4,865,327	7,830,443
Cost of goods and services sold – cemeteries and mortuaries		4,805,700	4,721,094
Total benefits and expenses		302,197,078	355,275,466
Earnings before income taxes		16,300,412	34,376,862
Income tax expense		(1,805,354)	(8,686,560)
Net earnings		$ 14,495,058	$ 25,690,302
Net earnings per Class A equivalent common share	[1]	$ 0.66	$ 1.16
Net earnings per Class A equivalent common share -  assuming dilution	[1]	$ 0.64	$ 1.12
Weighted average Class A equivalent common shares  outstanding	[1]	22,083,772	22,187,410
Weighted average Class A equivalent common shares outstanding-assuming dilution	[1]	22,677,968	23,036,128
[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.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net earnings	$ 14,495,058	$ 25,690,302
Other comprehensive income:
Unrealized gains (losses) on fixed maturity securities available for sale	7,814,324	(39,331,688)
Unrealized gains (losses) on restricted assets	11,175	(71,035)
Unrealized gains (losses) on cemetery perpetual care trust investments	2,917	(20,446)
Other comprehensive income (loss), before income tax	7,828,416	(39,423,169)
Income tax benefit (expense)	(1,643,697)	8,282,444
Other comprehensive income (loss), net of income tax	6,184,719	(31,140,725)
Comprehensive income (loss)	$ 20,679,777	$ (5,450,423)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class C [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balance, value at Dec. 31, 2021	$ 35,285,444	$ 5,733,130	$ 57,985,947	$ 18,070,448	$ 184,537,489	$ (1,845,624)	$ 299,766,834
Net earnings					25,690,302		25,690,302
Other comprehensive income				(31,140,725)			(31,140,725)
Stock based compensation expense			929,692				929,692
Exercise of stock options	219,174		(75,742)				143,432
Sale of treasury stock			(187,757)			5,249,054	5,061,297
Purchase of treasury stock			106,176			(7,770,081)	(7,663,905)
Stock dividends	1,779,108	278,924	6,009,453		(8,067,485)
Conversion Class C to Class A	232,336	(232,336)
Balance, value at Dec. 31, 2022	37,516,062	5,779,718	64,767,769	(13,070,277)	202,160,306	(4,366,651)	292,786,927
Net earnings					14,495,058		14,495,058
Other comprehensive income				6,184,719			6,184,719
Stock based compensation expense			601,362				601,362
Exercise of stock options	558,354		(423,967)				134,387
Sale of treasury stock			76,202			2,134,517	2,210,719
Purchase of treasury stock			583,156			(3,429,603)	(2,846,447)
Stock dividends	1,899,960	283,188	6,822,337		(9,005,485)
Conversion Class C to Class A	119,198	(119,198)
Adoption of ASU 2016-13					(671,506)		(671,506)
Vesting of restricted stock units	2,430		(2,430)
Balance, value at Dec. 31, 2023	$ 40,096,004	$ 5,943,708	$ 72,424,429	$ (6,885,558)	$ 206,978,373	$ (5,661,737)	$ 312,895,219

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net earnings		$ 14,495,058	$ 25,690,302
Adjustments to reconcile net earnings to net cash used in operating activities:
Losses (gains) on investments and other assets		(1,837,342)	857,460
Depreciation		8,641,080	8,598,072
Provision for credit losses		1,959,707	1,331,887
Net amortization of deferred fees and costs, premiums and discounts		(2,140,548)	(1,018,200)
Provision for deferred income taxes		(2,495,489)	(9,954,005)
Policy and pre-need acquisition costs deferred		(24,432,809)	(20,233,669)
Policy and pre-need acquisition costs amortized		16,724,336	16,685,871
Value of business acquired amortized		1,300,002	1,264,331
Mortgage servicing rights, additions		(1,009,312)	(10,243,922)
Amortization of mortgage servicing rights	[1]	587,931	9,078,706
Net gains on the sale of mortgage servicing rights			(34,051,938)
Stock based compensation expense		601,362	929,692
Benefit plans funded with treasury stock		2,210,719	5,061,297
Net change in fair value of loans held for sale		478,460	8,834,797
Originations of loans held for sale		(2,173,080,584)	(3,373,554,484)
Proceeds from sales of loans held for sale		2,224,454,040	3,549,405,402
Net gains on sales of loans held for sale		(40,239,112)	(74,779,721)
Change in assets and liabilities:
Land and improvements held for sale		(62,217)	(123,597)
Future policy benefits and unpaid claims		29,745,349	27,487,657
Other operating assets and liabilities		(2,025,510)	(815,484)
Net cash provided by operating activities		53,875,121	130,450,454
Cash flows from investing activities:
Purchases of fixed maturity securities		(70,315,501)	(151,581,252)
Sales, calls and maturities of fixed maturity securities		42,966,901	25,163,141
Purchase of equity securities		(6,993,289)	(4,193,460)
Sales of equity securities		6,346,625	2,804,274
Purchases of restricted assets		(3,065,758)	(862,654)
Sales, calls and maturities of restricted assets		840,080
Purchases of cemetery perpetual care trust investments		(1,083,550)
Sales, calls and maturities of cemetery perpetual care trust investments		458,046	1,205,208
Mortgage loans held for investment, other investments and policy loans made		(645,581,141)	(752,301,471)
Payments received for mortgage loans held for investment, other investments and policy loans		682,267,677	759,243,828
Proceeds from the sale of mortgage servicing rights			79,981,150
Purchases of property and equipment		(1,109,937)	(1,600,195)
Sales of property and equipment			69,248
Purchases of real estate		(22,894,604)	(20,458,983)
Sales of real estate		32,772,520	25,369,430
Net cash provided by (used in) investing activities		14,608,069	(37,161,736)
Cash flows from financing activities:
Investment contract receipts		12,572,508	11,730,820
Investment contract withdrawals		(15,654,593)	(15,795,677)
Proceeds from stock options exercised		134,387	143,432
Purchase of treasury stock		(2,846,447)	(7,663,905)
Repayment of bank loans		(69,602,737)	(50,308,296)
Proceeds from bank loans		68,500,000	59,618,050
Net change in warehouse line borrowings for loans held for sale		(55,146,726)	(98,943,607)
Net cash used in financing activities		(62,043,608)	(101,219,183)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents		6,439,582	(7,930,465)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year		133,483,817	141,414,282
Total cash, cash equivalents, restricted cash and restricted cash equivalents		139,923,399	133,483,817
Supplemental Disclosure of Cash Flow Information:
Interest		5,136,747	7,697,921
Income taxes		20,406,598	729,687
Non Cash Investing and Financing Activities:
Transfer of loans held for sale to mortgage loans held for investment		3,017,626	51,691,213
Transfer from mortgage loans held for investment to restricted assets		1,625,961
Transfer from mortgage loans held for investment to cemetery perpetual care trust investments		1,611,550
Accrued real estate construction costs and retainage			1,025,397
Mortgage loans held for investment foreclosed into real estate held for investment			10,998,485
Right-of-use assets obtained in exchange for operating lease liabilities		160,348	2,054,534
Right-of-use assets obtained in exchange for finance lease liabilities		12,332
Cash and cash equivalents		126,941,658	120,919,805
Restricted assets		10,114,694	10,638,034
Cemetery perpetual care trust investments		$ 2,867,047	$ 1,925,978
[1]Included in other expenses on the consolidated statements of earnings

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ 14,495,058	$ 25,690,302

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b51 Arrangement Adopted	false
Non-Rule 10b51 Arrangement Adopted	false
Rule 10b51 Arrangement Terminated	false
Non-Rule 10b51 Arrangement Terminated	false

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	1) Significant Accounting Policies General Overview of Business Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three reportable business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance marketed primarily in the states located in western, mid-western and southern regions of the United States. The cemetery and mortuary segment of the Company consists of eight mortuaries and five cemeteries in Utah, one cemetery in California, and four mortuaries and one cemetery in New Mexico. The mortgage segment is an approved government and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Principles of Consolidation These consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Use of Estimates Management of the Company has made several estimates and assumptions related to the reported amounts of assets and liabilities, reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with GAAP. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment 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 the value of loans held for sale; 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. Investments The Company’s management determines the appropriate classifications of investments in fixed maturity securities and equity securities at the acquisition date and re-evaluates the classifications at each balance sheet date. Fixed maturity securities available for sale Equity securities SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Mortgage loans held for investment Real estate held for investment Real estate held for sale Other investments and policy loans Accrued investment income Gains (losses) on investments (except for equity securities carried at fair value through net earnings) Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. Loans Held for Sale Accounting Standards Codification (“ASC”) No. 825, “Financial Instruments”, allows for the option to report certain financial assets and liabilities at fair value initially and at subsequent measurement dates with changes in fair value included in earnings. The option may be applied instrument by instrument, but it is irrevocable. The Company elected the fair value option for loans held for sale. The Company believes the fair value option most closely aligns the timing of the recognition of gains and costs. These loans are intended for sale and the Company believes that fair value is the best indicator of the resolution of these loans. Electing fair value also reduces certain timing differences and better matches changes in the fair value of these assets with changes in the fair value of the related derivatives used for these assets. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies 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. All revenues and costs are recognized when the mortgage loan is funded and any changes in fair value are shown as a component of mortgage fee income. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. The Company, through its mortgage subsidiaries, sells mortgage loans to third-party investors without recourse unless defects are identified in the representations and warranties made at loan sale. It may be required, however, to repurchase a loan or pay a fee instead of repurchasing under certain events, which include the following: ● Failure to deliver original documents specified by the investor, ● The existence of misrepresentation or fraud in the origination of the loan, ● The loan becomes delinquent due to nonpayment during the first several months after it is sold, ● Early pay-off of a loan, as defined by the agreements, ● Excessive time to settle a loan, ● Investor declines purchase, and ● Discontinued product and expired commitment. Loan purchase commitments generally specify a date 30 to 45 days after delivery upon which the underlying loans should be settled. Depending on market conditions, these commitment settlement dates can be extended at a cost to the Company. It is the Company’s policy to cure any documentation problems regarding such loans at a minimal cost for up to a six-month period and to pursue efforts to enforce loan purchase commitments from third-party investors concerning the loans. The Company believes that six months allows adequate time to remedy any documentation issues, to enforce purchase commitments, and to exhaust other alternatives. Remedial methods include the following: ● Research reasons for rejection, ● Provide additional documents, ● Request investor exceptions, ● Appeal rejection decision to purchase committee, and ● Commit to secondary investors. Once purchase commitments have expired and other alternatives to remedy are exhausted, which could be earlier than the six-month period, the loans are repurchased and transferred to the long-term investment portfolio at the lower of cost or fair value and previously recorded mortgage fee income that was to be received from a third-party investor is written off against the loan loss reserve. Determining Fair Value The cost for loans held for sale is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Fair value is often difficult to determine and may contain significant unobservable inputs, but is based on the following: ● For loans that are committed, the Company uses the commitment price. ● For loans that are non-committed that have an active market, the Company uses the market price. ● For loans that are non-committed where there is no market but there is a similar product, the Company uses the market value for the similar product. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies ● For loans that are non-committed where no active market exists, the Company determines that the unpaid principal balance best approximates the market value, after considering the fair value of the underlying real estate collateral, estimated future cash flows, and the loan interest rate. The appraised value of the real estate underlying the original mortgage loan adds support to the Company’s determination of fair value because if the loan becomes delinquent, the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loan, thus minimizing credit losses. Most loans originated are sold to third-party investors. The amounts expected to be sold to investors are shown on the consolidated balance sheets as loans held for sale. Loan Loss Reserve The loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on loans sold. The Company may be required to reimburse third-party investors for costs associated with early payoff of loans within six months of origination of such loans and to repurchase loans where there is a default in any of the first four monthly payments to the investors or, in lieu of repurchase, to pay a negotiated fee to the investors. The Company’s estimates are based upon historical loss experience and the best estimate of the probable loan loss liabilities. Upon completion of a transfer that satisfies the conditions to be accounted for as a sale, the Company initially measures at fair value liabilities incurred in a sale relating to any guarantee or recourse provisions. The Company accrues a monthly allowance for indemnification losses to investors based on total production. This estimate is based on the Company’s historical experience and is included as a component of mortgage fee income. Subsequent updates to the recorded liability from changes in assumptions are recorded in selling, general and administrative expenses as a component of provision for loan loss reserve. The estimated liability for indemnification losses is included in other liabilities and accrued expenses. The loan loss reserve analysis involves mortgage loans that have been sold to third-party investors, which were believed to have met investor underwriting guidelines at the time of sale, where the Company has received a demand from the investor. There are generally three types of demands: make whole, repurchase, or indemnification. These types of demands are further described as follows: Make whole demand Repurchase demand Indemnification demand The Company believes the allowance for loan losses and the loan loss reserve represent probable loan losses incurred as of the balance sheet date. Additional information related to the Loan Loss Reserve is included in Note 3. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Restricted Assets Restricted assets are assets held in a trust account for future mortuary services and merchandise. Restricted assets also include escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company funded its medical benefit safe-harbor limit based on the qualified direct costs and has included this amount as a component of restricted cash. Additional information related to restricted assets is included in Notes 2 and 8 to Consolidated Financial Statements. Cemetery Perpetual Care Trust Investments Cemetery endowment care trusts have been set up for five of the seven cemeteries owned by the Company. Under endowment care arrangements a portion of the price for each lot sold is withheld and invested in a portfolio of investments like those described in the prior paragraph. The earnings stream from the investments is designed to fund future maintenance and upkeep of the cemetery. Additional information related to cemetery perpetual care trust investments is included in Notes 2 and 8 to Consolidated Financial Statements. Cemetery Land and Improvements The development of a cemetery involves not only the initial acquisition of raw land but also the installation of roads, water lines, landscaping, and other costs to establish a marketable cemetery lot. The costs of developing the cemetery are shown as an asset on the balance sheet. The amount on the balance sheet is reduced by the total cost assigned to the development of a particular lot when the criterion for recognizing a sale of that lot is met. Deferred Policy Acquisition Costs and Value of Business Acquired Commissions and other costs, net of commission and expense allowances for reinsurance ceded, that vary with and are primarily related to the production of new insurance business have been deferred. Deferred policy acquisition costs (“DAC”) for traditional life insurance are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For interest-sensitive insurance products, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges, investment, mortality, and expense margins. This amortization is adjusted when estimates of current or future gross profits to be realized from a group of products are reevaluated. Deferred acquisition costs are written off when policies lapse or are surrendered. When accounting for DAC, the Company considers internal replacements of insurance and investment contracts. An internal replacement is a modification in product benefits, features, rights, or coverage that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to contract, or by the election of a feature or coverage within a contract. Modifications that result in a replacement contract that is substantially changed from the replaced contract are accounted for as an extinguishment of the replaced contract. Unamortized DAC, unearned revenue liabilities and deferred sales inducements from the replaced contract are written-off. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract. Value of business acquired (“VOBA”) is the present value of estimated future profits of the acquired business and is amortized like deferred policy acquisition costs. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Premium Deficiency and Loss Recognition Testing At least annually, the Company tests the adequacy of the net benefit reserves (liability for future policy benefits, net of DAC and VOBA) recorded for life insurance and annuity products. The Company tests for recoverability by using the Company’s current best-estimate assumptions as to policyholder mortality, persistency, maintenance expenses and invested asset returns. These tests evaluate whether the present value of future contract-related cash flows will support the capitalized DAC and VOBA assets. These cash flows consist primarily of premium income, less benefits, and expenses. If the current contract liabilities plus the present value of future premiums is greater than the sum of the present values of future policy benefits, commissions, and expenses plus the current DAC and VOBA less unearned premium reserve balances, then the capitalized assets are deemed recoverable. The present values are calculated using the best estimate of the after-tax net investment earned rate. Mortgage Servicing Rights Mortgage Servicing Rights (“MSR”) arise from contractual agreements between the Company and third-party investors (or their agents) when mortgage loans are sold. Under these contracts, the Company is obligated to retain and provide loan servicing functions on loans sold, in exchange for fees and other remuneration. The servicing functions typically performed include, among other responsibilities, collecting and remitting loan payments; responding to borrower inquiries; accounting for principal and interest, holding custodial (impound) funds for payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising the acquisition of real estate owned and property dispositions. The total residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans. The value of MSRs is derived from the net cash flows associated with the servicing contracts. The Company receives a servicing fee of generally about 0.25 The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with an initial term of 30 15 Interest rate risk, prepayment risk, and default risk are inherent risks in MSR valuation. Interest rate changes largely drive prepayment rates. Refinance activity generally increases as rates decline. A significant decrease in rates beyond expectation could cause a decline in the value of the MSR. On the contrary, if rates increase borrowers are less likely to refinance or prepay their mortgage, which extends the duration of the loan and MSR values are likely to rise. Because of these risks, discount rates and prepayment speeds are used to estimate the fair value. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies 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. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance. Property and Equipment Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method over the estimated useful lives of the assets which range from three forty years Long-lived Assets Long-lived assets to be held and used, including property and equipment and real estate held for investment, are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset, and long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. 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. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued and is shown net of expenses. Following issuance, the value of a loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies 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 consolidated balance sheets. Call and Put Option 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. Allowances for Credit Losses The Company records allowances for current expected credit losses from fixed maturity securities available for sale, mortgage loans held for investment, other investments, and receivables in accordance with GAAP. The allowances for credit losses are valuation accounts that are reported as a reduction of the financial asset’s cost basis and are measured on a pool basis when similar risk characteristics exist. The Company estimates allowances for credit losses using relevant available information from both internal and external sources. The Company considers its historical loss experience, analyzes current market conditions and forecasts and uses third-party assistance to arrive at current expected credit losses. Amounts are written off against the allowance for credit losses when determined to be uncollectible. See below under Recent Accounting Pronouncements regarding the adoption of ASU 2016-13. See Notes 2 and 4 regarding the Company’s evaluation of allowances for credit losses. Future Policy Benefits and Unpaid Claims Future policy benefit reserves for traditional life insurance are computed using a net level method, including assumptions as to investment yields, mortality, morbidity, withdrawals, and other assumptions based on the life insurance subsidiaries’ experience, modified as necessary to give effect to anticipated trends and to include provisions for possible unfavorable deviations. Such liabilities are, for some plans, graded to equal statutory values or cash values at or prior to maturity, which are deemed a reasonable equivalent for GAAP. The range of assumed interest rates for all traditional life insurance policy reserves was 4 10 Future policy benefit reserves for interest-sensitive insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims incurred in the period more than related policy account balances. Interest credit rates for interest-sensitive insurance products ranged from 3 6.5 The Company records an unpaid claims liability for claims in the course of settlement equal to the death benefit amount less any reinsurance recoverable amount for claims reported. There is also an unpaid claims liability for claims incurred but not reported. This liability is based on the historical experience of the net amount of claims that were reported in reporting periods subsequent to the reporting period when claims were incurred. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Participating Insurance Participating business constituted 2 Recognition of Insurance Premiums and Other Considerations Premiums and other consideration for traditional life insurance products (which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited payment life insurance policies, and certain annuities with life contingencies) are recognized as revenues when due from policyholders. Premiums and other consideration for interest-sensitive insurance policies (which include universal life policies, interest-sensitive life policies, deferred annuities, and annuities without life contingencies) are recognized when earned and consist of amounts assessed against policyholder account balances during the period for policy administration charges and surrender charges. Reinsurance The Company follows the procedure of reinsuring risks of more than $ 100,000 The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100 Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Expense allowances received in connection with reinsurance ceded are accounted for as a reduction of the related policy acquisition costs and are deferred and amortized accordingly. Pre-need Sales and Costs Pre-need contract sales of funeral services and caskets Sales of cemetery interment rights (cemetery burial property) Pre-need contract sales of cemetery merchandise (primarily markers and vaults) Pre-need contract sales of cemetery services (primarily merchandise delivery, installation fees and burial opening and closing fees) Prearranged funeral and pre-need cemetery customer acquisition costs SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Revenues and costs for at-need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant performance obligations remaining. The Company, through its cemetery and mortuary operations, provides guaranteed funeral arrangements wherein a prospective customer can receive future goods and services at guaranteed prices. To accomplish this, the Company, through its life insurance operations, sells to the customer an increasing benefit life insurance policy that is assigned to the mortuaries. If, at the time of need, the policyholder/potential mortuary customer utilizes one of the Company’s facilities, the guaranteed funeral arrangement contract that has been assigned will provide the funeral goods and services at the contracted price. The increasing life insurance policy will cover the difference between the original contract prices and current prices. Risks may arise if the difference cannot be fully met by the life insurance policy. However, management believes that given current inflation rates and related price increases of goods and services, the risk of exposure is minimal. Goodwill Previous acquisitions have been accounted for as purchases under which assets acquired and liabilities assumed were recorded at their fair values with the excess purchase price recognized as goodwill. The Company evaluates annually or when changes in circumstances warrant the recoverability of goodwill and if there is a decrease in value, the related impairment is recognized as a charge against income. Other Intangibles Other intangibles are recognized apart from goodwill whenever an acquired intangible asset arises from contractual or other legal rights, or whenever it is capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented, or exchanged, either individually or in combination with a related contract, asset, or liability. The Company engages a third-party valuation firm to analyze the value of the intangible assets that result from significant acquisitions. The value of the intangible assets that result from these acquisitions are included in Other Assets and are determined using the income approach, relying on a relief from the royalty method. Income Taxes Income taxes include taxes currently payable plus deferred taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the temporary differences in the financial reporting basis and tax basis of assets and liabilities and operating loss carry-forwards. Deferred tax assets are measured using enacted tax rates expected to apply to taxable income in the years in which these temporary differences are expected to be recovered or settled. Liabilities are established for uncertain tax positions expected to be taken in income tax returns when such positions are judged to meet the “more-likely-than-not” threshold based on the technical merits of the positions. Estimated interest and penalties related to uncertain tax penalties are included as a component of income tax expense. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Earnings Per Common Share The Company computes earnings per share, which requires a presentation of basic and diluted earnings per share. Basic earnings per equivalent Class A common share are computed by dividing net earnings by the weighted-average number of Class A common shares outstanding during each year presented, after the effect of the assumed conversion of Class C common stock to Class A common stock. Diluted earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding during the year used to compute basic earnings per share plus dilutive potential incremental shares by application of the treasury stock method. Basic and diluted earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. Stock Based Compensation The cost of employee services received in exchange for an award of equity instruments is

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	2) Investments The Company’s investments as of December 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value December 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 111,450,753 $ 344,425 $ (1,416,448 ) $ - $ 110,378,730 Obligations of states and political subdivisions 6,524,083 500 (319,260 ) - 6,205,323 Corporate securities including public utilities 232,299,727 3,688,642 (7,145,507 ) (308,500 ) 228,534,362 Mortgage-backed securities 40,359,878 506,647 (4,702,905 ) (6,049 ) 36,157,571 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 390,884,441 $ 4,550,214 $ (13,584,120 ) $ (314,549 ) $ 381,535,986 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Total equity securities at estimated fair value $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Mortgage loans held for investment at amortized cost: Residential $ 103,153,587 Residential construction 104,052,748 Commercial 74,176,538 Less: Unamortized deferred loan fees, net (1,623,226 ) Less: Allowance for credit losses (3,818,653 ) Less: Net discounts (324,157 ) Total mortgage loans held for investment $ 275,616,837 Real estate held for investment - net of accumulated depreciation: Residential $ 40,924,865 Commercial 142,494,427 Total real estate held for investment $ 183,419,292 Real estate held for sale: Residential $ - Commercial 3,028,973 Total real estate held for sale $ 3,028,973 Other investments and policy loans at amortized cost: Policy loans $ 13,264,183 Insurance assignments 45,605,322 Federal Home Loan Bank stock (2) 2,279,800 Other investments 9,809,148 Less: Allowance for credit losses (1,553,836 ) Total policy loans and other investments $ 69,404,617 Accrued investment income $ 10,170,790 Total investments $ 936,812,566 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 530,900 1,748,900 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) 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 loan 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 doubtful accounts (1,609,951 ) Total policy loans and other investments $ 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 Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments 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 December 31, 2023, other than investments issued or guaranteed by the United States Government. Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturities securities available for sale that were carried at estimated fair value as of December 31, 2023 and 2022. 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 tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities. Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 29,394 $ 9,436,090 $ 1,387,054 $ 70,885,403 $ 1,416,448 $ 80,321,493 Obligations of states and political subdivisions 11,105 470,325 308,155 5,284,498 319,260 5,754,823 Corporate securities including public utilities 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage and other asset-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Total unrealized losses $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of states and political subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate securities including public utilities 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 Total unrealized losses $ 16,883,189 $ 267,774,539 $ 2,291,672 $ 13,189,587 $ 19,174,861 $ 280,964,126 Relevant holdings were comprised of 606 securities with fair values aggregating 94.9 93.6 325,314 nil SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments Evaluation of Allowance for Credit Losses See Note 1 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 Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) 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 Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation December 31, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 221,933,425 $ 216,975,288 $ 197,753,818 $ 189,691,540 2 161,062,016 157,346,803 156,261,804 148,073,873 3 6,418,829 5,953,542 7,080,305 6,635,786 4 982,290 948,478 1,377,541 1,157,454 5 236,648 51,875 25,736 39,155 6 1,233 - 1,307 684 Total $ 390,634,441 $ 381,275,986 $ 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 Year Ended December 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - December 31, 2022 $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 261,500 6,049 267,549 Change in allowance on securities with previous allowance - - 57,764 - 57,764 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 - December 31, 2023 $ - $ - $ 308,500 $ 6,049 $ 314,549 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The following table presents a roll forward of the Company’s cumulative other than temporary credit impairments (“OTTI”) recognized in earnings on fixed maturity securities available for sale which was required to be presented prior to the adoption of ASU 2016-13: Schedule of Earnings on Fixed Maturity Securities 2022 Balance of credit-related OTTI at January 1 $ 264,977 Additions for credit impairments recognized on: Securities not previously impaired - Securities previously impaired - Reductions for credit impairments previously recognized on: Securities that matured or were sold during the period (realized) (39,502 ) Securities due to an increase in expected cash flows - Balance of credit-related OTTI at December 31 $ 225,475 The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ - $ - Due in 2-5 years 168,831,608 166,186,132 Due in 5-10 years 95,804,878 95,031,727 Due in more than 10 years 85,638,077 83,900,556 Mortgage-backed securities 40,359,878 36,157,571 Redeemable preferred stock 250,000 260,000 Total $ 390,884,441 $ 381,535,986 Information regarding sales of fixed maturity securities available for sale is presented as follows. Schedule of Major Categories of Net Investment Income 2023 2022 Years Ended December 31, 2023 2022 Proceeds from sales $ 2,557,074 $ 3,091,105 Gross realized gains 11,508 24,281 Gross realized losses (57,861 ) (32,976 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments Assets on Deposit, Held in Trust, and Pledged as Collateral Assets on deposit with life insurance regulatory authorities as required by law were as follows: Schedule of Assets on Deposit With Life Insurance 2023 2022 Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 6,206,650 $ 8,817,959 Other investments 400,000 - Cash and cash equivalents 1,909,215 2,214,206 Total assets on deposit $ 8,515,865 $ 11,032,165 Assets held in trust related to third-party reinsurance agreements were as follows: Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 27,903,952 $ 27,955,297 Cash and cash equivalents 2,101,052 1,866,453 Total assets on deposit $ 30,005,004 $ 29,821,750 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). Assets pledged as collateral with the FHLB are presented below. These pledged securities are used as collateral for any FHLB cash advances. See Note 7 of the Notes to the Consolidated Financial Statements for more information about the FHLB. Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 93,903,089 $ 93,034,880 Total assets pledged as collateral $ 93,903,089 $ 93,034,880 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 segments in the form of acquisition, development, and mortgage foreclosures. The Company reports real estate held for investment and held for sale pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. Commercial Real Estate Held for Investment and Held for Sale The Company owns and manages commercial real estate assets as a means of generating investment income. These assets are acquired in accordance with the Company’s goals and objectives for risk-adjusted returns. Due diligence is conducted on each asset using internal and third-party resources. The geographic locations and asset classes of investments are determined by senior management under the direction of the Board of Directors. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The Company employs full-time employees to attend to the day-to-day operations of those assets within the greater Salt Lake area and close surrounding markets. The Company utilizes third party property managers 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. The aggregated net book value of commercial real estate serving as collateral for bank loans was $ 124,381,467 129,330,119 97,807,614 97,112,131 During 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 investments and other assets on the consolidated statements of earnings. During 2023 and 2022, the Company recorded depreciation expense on commercial real estate held for investment of $ 6,278,828 6,090,575 The Company’s commercial real estate held for investment is summarized as follows: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage December 31, December 31, 2023 2022 2023 2022 Utah (1) $ 142,475,177 $ 147,627,946 625,920 625,920 Louisiana 19,250 2,380,847 1,622 31,778 Mississippi (2) - 2,881,863 - 19,694 $ 142,494,427 $ 152,890,656 627,542 677,392 (1) Includes Center53 (2) This property was moved to held for sale (1) Consists of approximately 93 acres of undeveloped land for $ 151,553 Operating leases arise from the leasing of the Company’s commercial real estate held for investment. Initial lease terms generally range from three ten years SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The following is a maturity analysis of the annual undiscounted cash flows of the operating lease payments expected to be received. Schedule of Annual Undiscounted Cash Flows of Operating Lease Payments 2024 $ 11,816,339 2025 11,843,124 2026 10,695,017 2027 9,198,450 2028 9,009,534 Thereafter 46,371,762 Total $ 98,934,226 The Company’s commercial real estate held for sale is summarized as follows: Net Book Value Total Square Footage December 31, December 31, 2023 2022 2023 2022 Mississippi (1) $ 3,028,973 $ 151,553 19,694 - $ 3,028,973 $ 151,553 19,694 - (1) Consists of approximately 93 acres of undeveloped land for $ 151,553 2,877,420 250,000 These properties are being marketed with the assistance of commercial real estate brokers in Mississippi. Residential Real Estate Held for Investment and Held for Sale The Company occasionally acquires a small portfolio of residential homes primarily 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. During 2023 and 2022, the Company recorded impairment losses on residential real estate held for sale of nil 94,000 During 2023 and 2022, the Company recorded depreciation expense on residential real estate held for investment of $ 10,592 10,592 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Book Value December 31, 2023 2022 Utah (1) $ 40,924,865 $ 38,437,960 $ 40,924,865 $ 38,437,960 (1) Includes multiple residential subdivision development projects The following table presents additional information regarding the Company’s residential subdivision development in Utah. December 31, 2023 2022 Lots available for sale 42 80 Lots to be developed 1,145 1,131 Ending Balance $ 40,739,201 $ 38,241,705 The Company’s residential real estate held for sale is summarized as follows: Net Book Value December 31, 2023 2022 Utah $ - $ 11,010,029 (1) $ - $ 11,010,029 (1) All sold in 2023 The net book value of foreclosed residential real estate included in residential real estate held for investment or sale was nil 11,010,029 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the commercial real estate owned by the Company. As of December 31, 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) (3) Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (2) (4) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (2) (5) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (2) (3) Life Insurance Sales 1,737 100 % (1) Included in real estate held for investment on the consolidated balance sheets (2) Included in property and equipment on the consolidated balance sheets (3) Listed for sale and sold during the first quarter of 2024 (4) Listed for sale and currently under contract (5) Listed for sale Mortgage Loans Held for Investment The Company reports mortgage loans held for investment pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. Concentrations of credit risk arise when several 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 December 31, 2023, the Company had 44 11 10 7 6 64 10 5 5 Evaluation of Allowance for Credit Losses See Note 1 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments 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 $ 237,000 226,000 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 common metrics that are predictors for future credit losses such as debt service coverage ratio (“DSCR”), loan to value (“LTV”), local market conditions, borrower quality, and underlying collateral. The fair value of the underlying collateral is based on a third-party appraisal of the property at origination of the loan. The fair value is assessed if the loan becomes 90 days delinquent. The Company uses these metrics to pool similar loans. The allowance for credit losses is based on estimates, historical experience, probability of loss, value of the underlying collateral, and other factors that affect the collectability of the loan. The Company applies a future loss factor to the outstanding balance of each group to arrive at the allowance for credit losses. Residential Residential loans are evaluated for credit loss by using relevant available information from both internal and external sources. Among other things, the Company uses its historical delinquency information and considers current and forecasted economic conditions. External sources include a monthly analysis of its residential portfolio by a third party. 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. Analyzing the information from the various sources allows the Company to arrive at the allowance for credit losses. 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments Residential construction mortgage loans are evaluated for credit loss by considering historical activity and current housing market trends to arrive at a per loan basis point allowance that is recognized at loan origination and for subsequent draws. The per loan basis point is reviewed at least annually or as loan losses or market trends require. 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 December 31, 2023 Allowance for credit losses: Beginning balance - January 1, 2023 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 Adoption of ASU 2016-13 (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) 476,717 843,521 (136,926 ) 1,183,312 Charge-offs - - - - Ending balance - December 31, 2023 $ 1,219,653 $ 2,390,894 $ 208,106 $ 3,818,653 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 1 of the notes to the consolidated financial statements (2) Included in other expenses on the consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The following table presents the aging of mortgage loans held for investment by loan type. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total December 31, 2023 30-59 days past due $ - $ 3,387,673 $ - $ 3,387,673 60-89 days past due - 3,472,760 - 3,472,760 Over 90 days past due (1) 405,000 3,480,931 - 3,885,931 In process of foreclosure (1) 1,241,508 1,021,790 - 2,263,298 Total past due 1,646,508 11,363,154 - 13,009,662 Current 72,530,030 91,790,433 104,052,748 268,373,211 Total mortgage loans 74,176,538 103,153,587 104,052,748 281,382,873 Allowance for credit losses (1,219,653 ) (2,390,894 ) (208,106 ) (3,818,653 ) Unamortized deferred loan fees, net (172,989 ) (1,135,491 ) (314,746 ) (1,623,226 ) Unamortized discounts, net (216,705 ) (107,452 ) - (324,157 ) Net mortgage loans held for investment $ 72,567,191 $ 99,519,750 $ 103,529,896 $ 275,616,837 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 Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments Credit Quality Indicators The Company evaluates and monitors the credit quality of its commercial loans by analyzing LTV and DSCR. Monitoring a commercial mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The

Loans Held for Sale

Loans Held for Sale	12 Months Ended
	Dec. 31, 2023
Loans Held For Sale
Loans Held for Sale	3) 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 consolidated statement of earnings. Included in loans held for sale are loans in the process of foreclosure with an aggregate unpaid principal balance of $ 1,636,090 nil SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 3) 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 2023 2022 December 31, 2023 2022 Aggregate fair value $ 126,549,190 $ 141,179,620 Unpaid principal balance 127,185,867 141,337,811 Unrealized loss (636,677 ) (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 Years Ended December 31 2023 2022 Loan fees $ 21,724,456 $ 24,184,972 Interest income 9,547,741 9,666,149 Secondary gains 68,505,014 153,870,807 (1) Change in fair value of loan commitments (1,123,615 ) (4,308,638 ) Change in fair value of loans held for sale (478,460 ) (8,834,797 ) Provision for loan loss reserve (27,164 ) (1,078,812 ) Mortgage fee income $ 98,147,972 $ 173,499,681 (1) Includes a net gain of $ 34,051,938 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 3) Loans Held for Sale 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. 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 December 31, 2023 2022 Beginning Balance $ 1,725,667 $ 2,447,139 Provision for current loan originations (1) 27,164 1,078,812 Charge-offs, net of recaptured amounts (1,205,598 ) (1,800,284 ) Ending Balance $ 547,233 $ 1,725,667 (1) Included in Mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For 2023, $ 27,164 430 1,000,000 1,078,812 319 1,000,000

Receivables

Receivables	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Receivables	4) Receivables Receivables consist of the following: Schedule of Receivables 2023 2022 December 31, 2023 2022 Contracts with customers $ 6,321,573 $ 5,392,779 Receivables from sales agents 3,252,840 2,209,185 Other 7,658,789 23,200,919 Total receivables 17,233,202 30,802,883 Allowance for credit losses (1,897,887 ) (2,229,791 ) Net receivables $ 15,335,315 $ 28,573,092 The Company records an allowance for credit losses for its receivables in accordance with GAAP. See Note 1 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) (110,935 ) Charge-offs (220,969 ) Ending balance - December 31, 2023 $ 1,897,887 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 Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Value of Business Acquired, Goo

Value of Business Acquired, Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Value of Business Acquired, Goodwill and Other Intangible Assets	5) Value of Business Acquired, Goodwill and Other Intangible Assets Information regarding value of business acquired was as follows: Schedule of Value of Business Acquired 2023 2022 December 31, 2023 2022 Balance at beginning of year $ 9,803,736 $ 8,421,432 Value of business acquired - 2,136,085 Imputed interest at 7 626,666 (1) 642,919 (1) Amortization included in earnings (1,926,668 )(1) (1,907,250 )(1) Shadow amortization included in other (36,121 ) 510,550 Net amortization (1,336,123 ) (753,781 ) Balance at end of year $ 8,467,613 $ 9,803,736 (1) Included in Amortization of deferred policy and pre-need acquisition costs and value of business acquired on the consolidated statements of earnings Presuming no additional acquisitions, net amortization charged to income is expected to approximate the following: Schedule of Acquisitions Net Amortization Charged to Income 2024 $ 1,219,496 2025 1,112,965 2026 1,030,635 2027 957,074 2028 833,216 Thereafter 3,314,227 Total $ 8,467,613 Actual amortization may vary based on changes in assumptions or experience. As of December 31, 2023, value of business acquired is being amortized over a weighted average life of 5.1 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 5) Value of Business Acquired, Goodwill and Other Intangible Assets Information regarding goodwill by segment was as follows: Schedule of Goodwill by Segment Life Insurance Cemetery/ Total Balance at January 1, 2022: Goodwill $ 2,765,570 $ 2,488,213 $ 5,253,783 Accumulated impairment - - - Total goodwill, net 2,765,570 2,488,213 5,253,783 Acquisition - - - Balance at December 31, 2022: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net 2,765,570 2,488,213 5,253,783 Acquisition - - - Balance at December 31, 2023: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 2,488,213 $ 5,253,783 Goodwill is not amortized but is tested annually for impairment. The annual impairment tests resulted in no impairment of goodwill for 2023 and 2022. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 5) Value of Business Acquired, Goodwill and Other Intangible Assets The carrying value of the Company’s other intangible assets were as follows which is included in other assets: Schedule of Carrying Value of Intangible Asset December 31, Useful Life 2023 2022 Intangible asset - trade name (1) 15 years $ 2,100,000 $ 2,100,000 Intangible assets - other (1) 15 years 210,000 210,000 Intangible asset - trade name (2) 15 years 610,000 610,000 Intangible asset - customer lists (3) 15 years 890,000 890,000 Less accumulated amortization (807,333 ) (553,333 ) Balance at end of year $ 3,002,667 $ 3,256,667 (1) Rivera Funerals, Cremations and Memorial Gardens (2) Kilpatrick Life (3) Beta Capital Corp Amortization expense for 2023 and 2022 was $ 254,000 256,000 The following table summarizes the Company’s estimate of future amortization for the other intangible assets: Schedule of Estimate of Future Amortization for Other Intangible Assets 2024 $ 254,000 2025 254,000 2026 254,000 2027 254,000 2028 254,000 Thereafter 1,732,667 Total $ 3,002,667 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	6) Property and Equipment Property and equipment is summarized below: Schedule of Property and Equipment 2023 2022 December 31, 2023 2022 Land and buildings $ 16,567,819 $ 16,545,799 Furniture and equipment 16,315,061 17,567,906 Property and equipment, gross 32,882,880 34,113,705 Less accumulated depreciation (13,707,781 ) (13,534,056 ) Total $ 19,175,099 $ 20,579,649 Depreciation expense for 2023 and 2022 was $ 2,351,661 2,496,906 122,229 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Bank and Other Loans Payable

Bank and Other Loans Payable	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Bank and Other Loans Payable	7) Bank and Other Loans Payable Bank and other loans payable are summarized as follows: Summary of Bank Loans Payable December 31, 2023 2022 - 1,690,892 Prime rate note payable in monthly installments of $ 75,108 $ - $ 1,690,892 3.85% 243,781 62,977,000 50,129,255 48,613,833 3.30% 179,562 44,811,000 38,478,359 39,298,298 4.7865% 16,594,000 9,200,000 9,200,000 1 month SOFR rate plus 2.1% 100,000,000 - 17,978,527 1 month SOFR rate plus 2% 100,000,000 114,518 29,768,762 1 month SOFR rate plus 2.5% 75,000,000 - 15,131,410 1 month SOFR rate plus 2.1% 15,000,000 7,617,455 - Finance lease liabilities 15,550 31,082 Total bank and other loans 105,555,137 161,712,804 Less current installments (9,543,052 ) (65,560,608 ) Bank and other loans, excluding current installments $ 96,012,085 $ 96,152,196 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 7) Bank and Other Loans Payable Sources of Liquidity Federal Home Loan Bank Membership The Federal Home Loan Banks (“the FHLBs”) are a group of cooperatives that lending institutions use to finance housing and economic development in local communities. The Company is a member of the FHLB based in Des Moines, Iowa and based in Dallas, Texas. As a member of the FHLB, the Company is required to maintain a minimum investment in capital stock of the FHLB and may pledge collateral to the bank for advances of funds to be used in its operations. Federal Home Loan Bank of Des Moines As of December 31, 2023, the amount available for borrowings from the FHLB of Des Moines was approximately $ 77,324,238 80,312,445 88,400,026 86,338,880 no 453,600 856,800 5,823,496 443,758 5,379,738 Federal Home Loan Bank of Dallas As of December 31, 2023, the amount available for borrowings from the FHLB of Dallas was approximately $ 5,104,610 5,719,671 5,503,063 6,696,100 no 1,826,200 1,743,500 Revolving Lines of Credit The Company has a $ 2,000,000 0.75% 3% March 31, 2024 December 31, 2023 38,290 no The Company also has a $ 2,500,000 2.35% March 31, 2024 1,250,000 no SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 7) Bank and Other Loans Payable Debt Covenants for Mortgage Warehouse Lines of Credit 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 The agreement charges interest at the 1-Month SOFR rate plus 2.0% and matures on 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 $ 15,000,000 The agreement charges interest at 2.10% plus the greater of (i) 0% May 26, 2024 1.00 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 December 31, 2023, the Company was not in compliance with the net income covenant of the warehouse lines of credit and its operating cash flow covenant for its standby letter of credit with its primary bank. SecurityNational Mortgage 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 $ 7,732,000 Debt Covenants for Revolving Lines of Credit and Bank Loans The Company has debt covenants on its revolving lines of credit and is required to comply with minimum operating cash flow ratios and minimum net worth for each of its business segments. The Company also has debt covenants for one of its loans on real estate for a minimum consolidated operating cash flow ratio, minimum liquidity, and consolidated net worth. In addition to these financial debt covenants, the company is required to provide segment specific financial statements and building specific financial statements on all bank loans. As of December 31, 2023, the Company was in compliance with all these debt covenants. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 7) Bank and Other Loans Payable The following tabulation shows the combined maturities of bank and other loans payable: Schedule of Combined Maturities of Bank Loans Payable Lines of Credit and Notes and Contracts Payable 2024 $ 9,543,052 2025 1,881,631 2026 1,952,430 2027 2,026,547 2028 11,296,737 Thereafter 78,854,740 Total $ 105,555,137 Interest expense in 2023 and 2022 was $ 4,865,327 and $ 7,830,443 , respectively. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Cemetery Perpetual Care Trust I

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	12 Months Ended
	Dec. 31, 2023
Cemetery Perpetual Care Trust Investments And Obligation And Restricted Assets
Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets 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 December 31, 2023 are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2023 : Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 477,797 $ 302 $ (574 ) $ 477,525 Obligations of states and political subdivisions 115,792 - (5,114 ) 110,678 Corporate securities including public utilities 53,672 - (171 ) 53,501 Total fixed maturity securities available for sale $ 647,261 $ 302 $ (5,859 ) $ 641,704 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,614,392 $ 859,680 $ (146,771 ) $ 4,327,301 Total equity securities at estimated fair value $ 3,614,392 $ 859,680 $ (146,771 ) $ 4,327,301 Mortgage loans held for investment at amortized cost: Residential construction $ 247,360 Less: Allowance for credit losses (495 ) Total mortgage loans held for investment $ 246,865 Cash and cash equivalents $ 2,867,047 Total cemetery perpetual care trust investments $ 8,082,917 Cemetery perpetual care obligation $ (5,326,196 ) Trust investments in excess of trust obligations $ 2,756,721 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The components of the cemetery perpetual care investments and obligation as of December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 42 $ (38 ) $ 89,008 Obligations of states and political subdivisions 174,201 - (8,478 ) 165,723 Total fixed maturity securities available for sale $ 263,205 $ 42 $ (8,516 ) $ 254,731 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Total equity securities at estimated fair value $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Mortgage loans held for investment at amortized cost: $ 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 December 31, 2023 and 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 At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 574 $ 143,448 $ - $ - $ 574 $ 143,448 Obligations of states and political subdivisions - - 5,114 110,678 5,114 110,678 Corporate securities including public utilities - - 171 53,501 171 53,501 Total unrealized losses $ 574 $ 143,448 $ 5,285 $ 164,179 $ 5,859 $ 307,627 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 38 $ 59,392 $ - $ - $ 38 $ 59,392 Obligations of states and political subdivisions 1,845 94,612 6,633 71,112 8,478 165,724 Total unrealized losses $ 1,883 $ 154,004 $ 6,633 $ 71,112 $ 8,516 $ 225,116 Relevant holdings were comprised of four securities with fair values aggregating 98.1% 96.4% No SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 333,775 $ 334,077 Due in 2-5 years 259,814 254,126 Due in 5-10 years - - Due in more than 10 years 53,672 53,501 Total $ 647,261 $ 641,704 Restricted Assets The Company has also established certain restricted assets to provide for future merchandise and service obligations incurred in connection with its pre-need sales for its cemetery and mortuary segment. Restricted cash also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company elected to maintain its medical benefit fund without change from the prior year and has included this amount as a component of restricted cash. These restricted cash items are for the Company’s life insurance and mortgage segments. Restricted assets as of December 31, 2023 are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 932,737 $ 1,433 $ (1,000 ) $ 933,170 Obligations of states and political subdivisions 652,770 305 (4,542 ) 648,533 Corporate securities including public utilities 274,688 209 (2,740 ) 272,157 Total fixed maturity securities available for sale $ 1,860,195 $ 1,947 $ (8,282 ) $ 1,853,860 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,516,044 $ 1,117,155 $ (247,996 ) $ 7,385,203 Total equity securities at estimated fair value $ 6,516,044 $ 1,117,155 $ (247,996 ) $ 7,385,203 Mortgage loans held for investment at amortized cost: Residential construction $ 676,572 Less: Allowance for credit losses (1,353 ) Total mortgage loans held for investment $ 675,219 Cash and cash equivalents (1) $ 10,114,694 Total restricted assets $ 20,028,976 (1) Including cash and cash equivalents of $ 6,930,933 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Restricted assets as of December 31, 2022 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,033,047 $ 866 $ (15,360 ) $ 1,018,553 Corporate securities including public utilities 201,771 - (3,016 ) 198,755 Total fixed maturity securities available for sale $ 1,234,818 $ 866 $ (18,376 ) $ 1,217,308 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Total equity securities at estimated fair value $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Mortgage loans held for investment at amortized cost: Residential construction $ 1,731,469 Cash and cash equivalents (1) $ 10,638,034 Total restricted assets $ 18,935,055 (1) Including cash and cash equivalents of $ 8,527,620 A surplus note receivable in the amount of $ 4,000,000 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 December 31, 2023 and 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 At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 1,000 $ 249,877 $ - $ - $ 1,000 $ 249,877 Obligations of states and political subdivisions - - 4,542 451,985 4,542 451,985 Corporate securities including public utilities - - 2,740 221,334 2,740 221,334 Total unrealized losses $ 1,000 $ 249,877 $ 7,282 $ 673,319 $ 8,282 $ 923,196 At December 31, 2022 Obligations of states and political subdivisions $ 11,891 $ 760,255 $ 3,469 $ 58,072 $ 15,360 $ 818,327 Corporate securities including public utilities 3,016 198,755 - - 3,016 198,755 Total unrealized losses $ 14,907 $ 959,010 $ 3,469 $ 58,072 $ 18,376 $ 1,017,082 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Relevant holdings were comprised of 12 securities with fair values aggregating 99.1% 98.2% No The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 681,860 $ 683,293 Due in 2-5 years 462,189 457,618 Due in 5-10 years 147,422 147,121 Due in more than 10 years 568,724 565,828 Total $ 1,860,195 $ 1,853,860 See Notes 1, 2 and 17 for additional information regarding restricted assets and cemetery perpetual care trust investments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	9) Income Taxes The Company’s income tax liability is summarized as follows: Summary of Income Tax Liability 2023 2022 December 31, 2023 2022 Current $ 246,437 $ 16,352,190 Deferred 13,506,544 14,358,337 Total $ 13,752,981 $ 30,710,527 Significant components of the Company’s deferred tax assets and liabilities are approximately as follows: Schedule of Deferred Tax Assets and Liabilities 2023 2022 December 31, 2023 2022 Assets Future policy benefits $ 14,902,816 $ 14,605,453 Loan loss reserve 142,281 448,673 Unearned premium 534,203 582,459 Net operating loss 1,050,770 237,855 Deferred compensation 2,138,385 2,166,593 Tax on unrealized appreciation 491,271 2,590,726 Other 917,335 601,335 Less: Valuation allowance - (1,506,144 ) Total deferred tax assets 20,177,061 19,726,950 Liabilities Deferred policy acquisition costs 18,478,562 17,511,778 Basis difference in property, equipment and real estate 11,054,092 11,959,391 Value of business acquired 1,778,199 2,058,785 Deferred gains 1,308,365 1,490,946 Trusts 1,064,387 1,064,387 Total deferred tax liabilities 33,683,605 34,085,287 Net deferred tax liability $ 13,506,544 $ 14,358,337 The valuation allowance relates to differences between recorded deferred tax assets and liabilities and ultimate anticipated realization. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 9) Income Taxes The Company’s income tax expense is summarized as follows: Schedule of Components of Income Tax Expense (Benefit) 2023 2022 December 31, 2023 2022 Current Federal $ 4,091,306 $ 15,346,331 State 209,537 3,294,234 Total Current Income Tax Expense (Benefit) 4,300,843 18,640,565 Deferred Federal (2,139,124 ) (7,400,620 ) State (356,365 ) (2,553,385 ) Total Deferred Income Tax Expense (Benefit) (2,495,489 ) (9,954,005 ) Total $ 1,805,354 $ 8,686,560 The reconciliation of income tax expense at the U.S. federal statutory rates is as follows: Schedule of Effective Income Tax Rate Reconciliation 2023 2022 December 31, 2023 2022 Computed expense at statutory rate $ 3,423,086 $ 7,219,141 State tax expense (benefit), net of federal tax benefit (115,994 ) 585,269 Change in valuation allowance (1,506,144 ) 623,609 Other, net 4,406 258,541 Income tax expense $ 1,805,354 $ 8,686,560 The Company’s overall effective tax rate for 2023 and 2022 was 11.1% 25.3% 21% As of December 31, 2023, the Company had no significant unrecognized tax benefits. As of December 31, 2023, the Company does not expect any material changes to the estimated amount of unrecognized tax benefits in the next twelve months. Federal and state income tax returns for 2020 through 2023 are subject to examination by taxing authorities. Summary of Operating Loss Carryforwards Net Operating Losses and Tax Credit Carryforwards: Year of Expiration 2024 $ - 2025 - 2026 - 2027 - 2028 - Thereafter up through 2038 903,042 Indefinite carryforwards 2,396,389 $ 3,299,431 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks of more than a specified limit, which ranges from $ 25,000 100,000 94.0% 93.7% 8.8% 11.3% 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 potential losses on loans sold. See Note 3 for additional information about the Company’s loan loss reserve. Non-Cancelable Leases The Company leases office space and equipment under various non-cancelable agreements. See Note 23 regarding leases. Other Contingencies and Commitments The Company has commitments to fund existing construction and land development loans pursuant to the various loan agreements. As of December 31, 2023, the Company’s commitments were approximately $ 146,953,000 104,977,000 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. The Company 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 the Company’s assessment and legal counsel’s representations concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements. The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Retirement Plans	11) Retirement Plans The Company has three 401(k) savings plans covering all eligible employees which include employer participation in accordance with the provisions of Section 401(k) of the Internal Revenue Code. The plans allow participants to make pretax contributions up to a maximum of $ 22,500 20,500 The Company matched 100% of up to 3% of an employee’s total annual compensation and matched 50% of 4% to 5% of an employee’s annual compensation 1,819,275 2,573,956 The Company has a Non-Qualified Deferred Compensation Plan. Under the terms of the Plan, the Company will provide deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Board has appointed a Committee of the Company to be the Plan Administrator and to determine the employees who are eligible to participate in the plan. The employees who participate may elect to defer a portion of their compensation into the plan. The Company may contribute into the plan at the discretion of the Company’s Board of Directors. The Company did not make any contributions for 2023 and 2022. Effective December 2, 2022, the Board members approved a motion to extend the Chief Executive Officer’s employment agreement, dated December 4, 2012, for an additional two-year term ending December 2024. In the event of disability, the Chief Executive Officer’s salary would be continued for up to five years at 75% of its current level of compensation. In the event of a sale or merger of the Company and the Chief Executive Officer is not retained in his current position, the Company would be obligated to continue paying the Chief Executive Officer’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that the Chief Executive Officer is entitled to receive annual retirement benefits beginning (i) one month from the date of his retirement (to commence no sooner than age 65), (ii) five years following complete disability, or (iii) upon termination of his employment without cause. These retirement benefits are to be paid for a period of twenty years in annual installments in the amount equal to 75% of his then current level of compensation nil nil 7,556,363 7,556,363 The Company, through its wholly owned subsidiary, SecurityNational Mortgage, also has an employment agreement with its former Vice President of Mortgage Operations and President of SecurityNational Mortgage, who retired from the Company on December 31, 2015. Under the terms of the employment agreement, this individual is entitled to receive retirement benefits from the Company for a period of ten years in an amount equal to 50% of his rate of compensation at the time of his retirement 267,685 133,843 133,843 267,686 401,529 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Capital Stock	12) Capital Stock The Company has one class of preferred stock of $ 1.00 5,000,000 none The Company has two classes of common stock with shares outstanding, Class A common shares and Class C common shares. Class C shares have 10 votes per share on all matters except for the election of one third of the directors who are elected solely by the Class A shares Stockholders of both Class A and Class C common stock have received 5% stock dividends in the years 1990 through 2019, a 7.5% stock dividend in the year 2020, and a 5% stock dividend in the years 2021 through 2023, as authorized by the Company’s Board of Directors The Company has Class B common stock of $ 1.00 5,000,000 none 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 109,587 - 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 December 31, 2022 18,758,031 2,889,859 Common stock, shares, outstanding, beginning 18,758,031 2,889,859 Exercise of stock options 279,177 - Vesting of restricted stock units 1,215 - Stock dividends 949,980 141,594 Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at December 31, 2023 20,048,002 2,971,854 Common stock, shares, outstanding, ending 20,048,002 2,971,854 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 12) Capital Stock Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted 2023 2022 Years Ended December 31, 2023 2022 Numerator: Net earnings $ 14,495,058 $ 25,690,302 Denominator: Denominator for basic earnings per share-weighted-average shares 22,083,772 22,187,410 Effect of dilutive securities Employee stock options 594,196 848,323 Unvested restricted stock units - 395 Dilutive potential common shares 594,196 848,718 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 22,677,968 23,036,128 Basic earnings per share $ 0.66 $ 1.16 Diluted earnings per share $ 0.64 $ 1.12 For 2023 and 2022, there were nil 339,150 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Stock Compensation Plans

Stock Compensation Plans	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	13) 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 $ 601,058 929,321 677,948 The fair value of each stock option granted is estimated on the date of grant using the Black Scholes Option Pricing Model. The Company estimates the expected life of the options using the simplified method. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the expected life of the options. The risk-free interest rate for the expected life of the options is based upon the Federal Reserve Board’s daily interest rates in effect at the time of the grant. The following table summarizes the assumptions used in estimating the fair value of each stock option granted along with the weighted-average fair value of the stock options granted. Schedule of Assumptions Used Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield (1) Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 1, 2023 All Plans $ 1.88 5 % $ 7.99 36.76 % 4.14 % 4.9 January 30, 2023 All Plans $ 1.65 5 % $ 7.10 36.73 % 3.64 % 5.31 January 18, 2023 All Plans $ 1.70 5 % $ 7.37 36.79 % 3.40 % 5.31 December 2, 2022 All Plans $ 1.48 5 % $ 6.48 37.03 % 3.69 % 4.88 (1) Stock dividend SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 13) Stock Compensation Plans Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.38 821,146 $ 5.26 Adjustment for the effect of stock dividends 47,780 41,057 Granted 82,500 295,000 Exercised (176,435 ) - Cancelled (1,591 ) - Outstanding at December 31, 2022 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 106,500 305,000 Exercised (286,965 ) - Cancelled (836 ) - Outstanding at December 31, 2023 833,570 $ 5.22 1,520,062 $ 5.86 Exercisable at end of year 739,070 $ 4.87 1,215,062 $ 5.31 Available options for future grant 92,820 529,750 Weighted average contractual term of options outstanding at December 31, 2023 5.25 6.50 Weighted average contractual term of options exercisable at December 31, 2023 4.66 5.90 Aggregated intrinsic value of options outstanding at December 31, 2023 (1) $ 3,149,704 $ 4,765,559 Aggregated intrinsic value of options exercisable at December 31, 2023 (1) $ 3,049,987 $ 4,483,509 (1) The Company used a stock price of $ 9.00 The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during 2023 and 2022 was $ 657,354 619,064 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 13) Stock Compensation Plans Restricted Stock Units (“RSUs”) Stock based compensation expense for RSUs issued of $ 304 371 3,263 Activity of the RSUs is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Average Grant Date Fair Value Non-vested at December 31, 2022 1,620 $ 6.48 Granted 1,840 Vested (1,215 ) Non-vested at December 31, 2023 2,245 $ 7.72 Available RSUs for future grant 16,540 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Statutory Financial Information

Statutory Financial Information and Dividend Limitations	12 Months Ended
	Dec. 31, 2023
Statutory Financial Information And Dividend Limitations
Statutory Financial Information and Dividend Limitations	14) Statutory Financial Information and Dividend Limitations The Company’s insurance subsidiaries prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance department of the applicable state of domicile. Prescribed statutory accounting practices include a variety of publications of the NAIC, as well as state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed. The states in which the Company’s life insurance subsidiaries are domiciled require the preparation of statutory-basis financial statements in conformity with the NAIC Accounting Practices and Procedures Manual, subject to any deviations prescribed or permitted by the applicable insurance commissioner and/or director. Statutory accounting practices differ from GAAP primarily since they require charging policy acquisition and certain sales inducement costs to expense as incurred, establishing life insurance reserves based on different actuarial assumptions, and valuing certain investments and establishing deferred taxes on a different basis. Statutory net income and capital and surplus of the Company’s insurance subsidiaries, determined in accordance with statutory accounting practices prescribed or permitted by insurance regulatory authorities are as follows: Schedule of Statutory Accounting Practices Statutory Net Income Statutory Capital and Surplus Years Ended December 31, December 31, 2023 2022 2023 2022 Amounts by insurance subsidiary: Security National Life Insurance Company $ 7,419,511 $ 9,126,955 $ 76,330,794 $ 66,753,938 Kilpatrick Life Insurance Company 2,967,779 2,373,682 20,535,591 17,300,717 First Guaranty Insurance Company 958,497 1,007,026 8,427,355 8,107,405 Southern Security Life Insurance Company, Inc. 35 (2,691 ) 1,578,322 1,579,971 Trans-Western Life Insurance Company 15 4,008 512,570 512,555 Total $ 11,345,837 $ 12,508,980 $ 107,384,632 $ 94,254,586 The Utah, Louisiana, Mississippi, and Texas Insurance Departments impose minimum risk-based capital (“RBC”) requirements that were developed by the NAIC on insurance enterprises. The formulas for determining the RBC specify various factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio (the Ratio) of the enterprise’s regulatory total adjusted capital, as defined by the NAIC, to its authorized control level, as defined by the NAIC. Enterprises below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The life insurance subsidiaries each have a ratio that is greater than the first level of regulatory action as of December 31, 2023. The Company does not have any guarantees to maintain the capital and surplus of any affiliates except for the Company’s agreement to provide additional capital to Security National Life Insurance Company in the event risk-based capital drops below 350% of the authorized control level. Generally, the net assets of the life insurance subsidiaries available for transfer to the Company are limited to the amounts of the life insurance subsidiaries net assets, as determined in accordance with statutory accounting practices, that exceed minimum statutory capital requirements. Additional requirements must be met depending on the state, and payments of such amounts as dividends are subject to approval by regulatory authorities. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 14) Statutory Financial Information and Dividend Limitations Under the Utah Insurance Code, Security National Life Insurance Company is permitted to pay stockholder dividends, or otherwise make distributions, to the Company subject to certain limitations. Security National Life Insurance Company must ensure that its surplus held for policyholders is reasonable in relation to its outstanding liabilities and adequate to its financial needs after payment of any such dividend or distribution. Furthermore, where any dividend or distribution, together with all other dividends and distributions made within the preceding 12 months, exceeds the lesser of (i) 10% of its surplus held for policyholders as of the next preceding December 31; or (ii) its net gain from operations, not including realized capital gains, for the 12-month period ending the next preceding December 31, such dividend or distribution constitutes “extraordinary” under Utah law and Security National Life Insurance Company would be required to file notice of its intention to declare such a dividend or make such a distribution with the Utah Commissioner and the Utah Commissioner must either approve the distribution or dividend or not disapprove the dividend or distribution within 30 days’ of the notice filing. Based on Security National Life Insurance Company’s surplus held for policyholders and net gain from operations as of December 31, 2023, the maximum aggregate amount of dividends and distributions that it could pay or make in 2024 and which would not constitute an “extraordinary” dividend or distribution under Utah law and would therefore not require notice and approval or lack of disproval from the Utah Commissioner, would be approximately $ 7,357,000 Under the Louisiana Insurance Code, First Guaranty Insurance Company and Kilpatrick Life Insurance Company are permitted to pay stockholder dividends, or otherwise make distributions, to the Company subject to certain limitations. First Guaranty Insurance Company and Kilpatrick Life Insurance Company must ensure that its surplus held for policyholders is reasonable in relation to its outstanding liabilities and adequate to its financial needs after payment of any such dividend or distribution. Furthermore, where any dividend or distribution, together with all other dividends and distributions made within the preceding 12 months, exceeds the lesser of (i) 10% of its surplus held for policyholders as of the next preceding December 31; or (ii) its net gain from operations, not including realized capital gains, for the 12-month period ending the next preceding December 31, such dividend or distribution constitutes “extraordinary” under Louisiana law and First Guaranty Insurance Company and Kilpatrick Life Insurance Company would be required to file notice of its intention to declare such a dividend or make such a distribution with the Louisiana Commissioner and the Louisiana Commissioner must either approve the distribution or dividend or not disapprove the dividend or distribution within 30 days’ of the notice filing. Based on First Guaranty Insurance Company’s and Kilpatrick Life Insurance Company’s surplus held for policyholders and net gain from operations as of December 31, 2023, the maximum aggregate amount of dividends and distributions that it could pay or make in 2024 and which would not constitute an “extraordinary” dividend or distribution under Louisiana law and would therefore not require notice and approval or lack of disproval from the Louisiana Commissioner, would be approximately $ 742,000 1,973,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	15) Business Segment Information Description of Products and Services by Segment The Company has three reportable business segments: life insurance, cemetery and mortuary, and mortgage. The Company’s life insurance segment consists of life insurance premiums and operating expenses from the sale of insurance products sold by the Company’s independent agency force and net investment income derived from investing policyholder and segment surplus funds. The Company’s cemetery and mortuary segment consists of revenues and operating expenses from the sale of at-need cemetery and mortuary merchandise and services at its mortuaries and cemeteries, pre-need sales of cemetery spaces after collection of 10% or more of the purchase price and the net investment income from investing segment surplus funds. The Company’s mortgage segment consists of fee income and expenses from the originations of residential mortgage loans and interest earned and interest expenses from warehousing pre-sold loans before the funds are received from financial institutional investors. Measurement of Segment Profit or Loss and Segment Assets The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles. Intersegment revenues are recorded at cost plus an agreed upon intercompany profit and are eliminated upon consolidation. Factors Management Used to Identify the Enterprise’s Reportable Segments The Company’s reportable segments are business units that are managed separately due to the different products provided and the need to report separately to the various regulatory jurisdictions. The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 15) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Insurance Mortuary Mortgage Eliminations Consolidated Year Ended December 31, 2023 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 114,735,304 $ 27,864,811 $ 98,071,104 - $ 240,671,219 Net investment income 67,811,926 2,951,577 1,579,544 - 72,343,047 Gains (losses) on investments and other assets 962,824 717,312 157,206 - 1,837,342 Other revenues 1,666,020 404,256 1,575,606 - 3,645,882 Intersegment revenues: Net investment income 8,203,306 340,001 531,406 (9,074,713 ) - Total revenues 193,379,380 32,277,957 101,914,866 (9,074,713 ) 318,497,490 Expenses: Death, surrenders and other policy benefits 66,002,863 - - - 66,002,863 Increase in future policy benefits 34,008,997 - - - 34,008,997 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 17,485,699 538,639 - - 18,024,338 Selling, general and administrative expenses: Commissions 3,963,185 1,777,071 34,189,300 - 39,929,556 Personnel 26,769,211 9,722,659 46,649,889 - 83,141,759 Advertising 638,071 663,113 2,409,261 - 3,710,445 Rent and rent related 414,564 159,877 6,282,696 - 6,857,137 Depreciation on property and equipment 880,116 812,641 658,904 - 2,351,661 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 6,440,439 - 6,440,439 Intersegment 310,689 143,652 1,930,370 (2,384,711 ) - Other 12,991,888 4,961,320 14,105,648 - 32,058,856 Interest expense: Intersegment 560,718 247,664 5,881,620 (6,690,002 ) - Other 4,081,348 955 783,024 - 4,865,327 Costs of goods and services sold-mortuaries and cemeteries - 4,805,700 - - 4,805,700 Total benefits and expenses 168,107,349 23,833,291 119,331,151 (9,074,713 ) 302,197,078 Earnings (loss) before income taxes $ 25,272,031 $ 8,444,666 $ (17,416,285 ) $ - $ 16,300,412 Income tax benefit (expense) (3,655,148 ) (2,131,289 ) 3,981,083 - (1,805,354 ) Net earnings (loss) $ 21,616,883 $ 6,313,377 $ (13,435,202 ) $ - $ 14,495,058 Identifiable assets $ 1,325,287,933 $ 95,059,724 $ 97,018,754 $ (93,063,440 ) $ 1,424,302,971 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 15) Business Segment Information Insurance Mortuary Mortgage Eliminations Consolidated Year Ended December 31, 2022 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 105,144,646 $ 26,993,855 $ 173,356,675 - $ 305,495,176 Net investment income 62,565,021 2,444,599 1,187,972 - 66,197,592 Gains (losses) on investments and other assets (459,462 ) (796,096 ) 398,098 - (857,460 ) Other revenues 1,932,402 305,073 16,579,545 - 18,817,020 Intersegment revenues: Net investment income 6,601,132 451,139 356,574 (7,408,845 ) - Total revenues 175,783,739 29,398,570 191,878,864 (7,408,845 ) 389,652,328 Expenses: Death, surrenders and other policy benefits 64,066,432 - - - 64,066,432 Increase in future policy benefits 28,858,969 - - - 28,858,969 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 17,352,803 597,399 - - 17,950,202 Selling, general and administrative expenses: Commissions 4,097,680 1,372,200 57,851,212 - 63,321,092 Personnel 26,285,207 9,305,429 64,520,887 - 100,111,523 Advertising 1,649,273 628,114 3,420,611 - 5,697,998 Rent and rent related 384,908 163,182 6,334,923 - 6,883,013 Depreciation on property and equipment 1,036,521 759,415 700,970 - 2,496,906 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 7,540,041 - 7,540,041 Intersegment 232,915 160,690 1,795,507 (2,189,112 ) - Other 13,190,827 5,321,730 27,285,196 - 45,797,753 Interest expense: Intersegment 462,753 274,911 4,482,069 (5,219,733 ) - Other 3,969,905 710 3,859,828 - 7,830,443 Costs of goods and services sold-mortuaries and cemeteries - 4,721,094 - - 4,721,094 Total benefits and expenses 161,588,193 23,304,874 177,791,244 (7,408,845 ) 355,275,466 Earnings before income taxes $ 14,195,546 $ 6,093,696 $ 14,087,620 $ - $ 34,376,862 Income tax expense (4,034,979 ) (1,523,954 ) (3,127,627 ) - (8,686,560 ) Net earnings $ 10,160,567 $ 4,569,742 $ 10,959,993 $ - $ 25,690,302 Identifiable assets $ 1,246,840,586 $ 82,320,929 $ 219,872,163 $ (93,174,569 ) $ 1,455,859,109 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	16) Related Party Transactions The Company’s Board of Directors has a written procedure, which requires disclosure to the Board of any material interest or any affiliation on the part of any of its officers, directors or employees that is in conflict or may conflict with the interests of the Company. The Company and its Board of Directors are unaware of any related party transactions that require disclosure as of December 31, 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	17) Fair Value of Financial Instruments GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. Fair value measurements are classified under the following hierarchy: Level 1: Level 2: a) Quoted prices for similar assets or liabilities in active markets; b) Quoted prices for identical or similar assets or liabilities in non-active markets; or c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: The Company utilizes a combination of third-party valuation service providers, brokers, and internal valuation models to determine fair value. The following methods and assumptions were used by the Company in estimating the fair value disclosures related to significant financial instruments: The items shown under Level 1 and Level 2 are valued as follows: Fixed Maturity Securities Available for Sale Equity Securities SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments Restricted Assets Cemetery Perpetual Care Trust Investments Call and Put Options Additionally, there were no transfers between Level 1 and Level 2 in the fair value hierarchy. The items shown under Level 3 are valued as follows: Loans Held for Sale Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. Impaired Mortgage Loans Held for Investment Impaired Real Estate Held for Investment SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments It should be noted that for replacement cost, when determining the fair value of real estate held for investment, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company used market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparable properties and property condition when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the consolidated balance sheet as of December 31, 2023. Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a Fixed maturity securities available for sale $ 381,535,986 $ - $ 380,297,330 $ 1,238,656 Equity securities 13,636,071 13,636,071 - - Loans held for sale 126,549,190 - - 126,549,190 Restricted assets (1) 1,853,860 - 1,853,860 - Restricted assets (2) 7,385,203 7,385,203 - - Cemetery perpetual care trust investments (1) 641,704 - 641,704 - Cemetery perpetual care trust investments (2) 4,327,301 4,327,301 - - Derivatives - loan commitments (3) 4,995,486 - - 4,995,486 Total assets accounted for at fair value on a $ 540,924,801 $ 25,348,575 $ 382,792,894 $ 132,783,332 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) $ (3,412,224 ) $ - $ - $ (3,412,224 ) Total liabilities accounted for at fair value $ (3,412,224 ) $ - $ - $ (3,412,224 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the 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 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 $ 513,235,939 $ 20,635,932 $ 345,895,012 $ 146,704,995 Liabilities accounted for at fair value on a 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 $ (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 For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 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 12/31/2023 Technique Input(s) Value Value Average Loans held for sale $ 126,549,190 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 121.0 % 100.0 % Derivatives - loan commitments (net) 1,583,262 Market approach Pull-through rate 70.0 % 99.0 % 86.0 % Initial-Value N/A N/A N/A Servicing 0 bps 119 bps 49 bps Fixed maturity securities available for sale 1,238,656 Broker quotes Pricing quotes $ 98.40 $ 102.46 $ 99.86 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 141,179,620 Market approach Investor contract pricing as a percentage of unpaid principal balance 69.9 % 106.1 % 99.8 % Derivatives - loan commitments (net) 2,706,877 Market approach Pull-through rate 65.0 % 95.0 % 82.2 % Initial-Value N/A N/A N/A Servicing 0 bps 153 bps 73 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97 The following table is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations/purchases - 2,173,080,584 - Sales, maturities and paydowns - (2,224,454,040 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (1,123,615 )(1) 39,760,652 (1) (108 )(2) Included in other comprehensive income - - (67,234 ) Balance - December 31, 2023 $ 1,583,262 $ 126,549,190 $ 1,238,656 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings The following table is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations/purchases - 3,373,554,484 - Sales, maturities and paydowns - (3,549,405,402 ) (528,980 ) Transfer to mortgage loans held for investment - (51,691,213 ) - Total gains (losses): Included in earnings (4,308,638 )(1) 65,944,924 1,957 Included in other comprehensive income - - (60,806 ) Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) 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 December 31, 2023. The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the 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 Impaired mortgage loans held for investment $ 794,224 $ - $ - $ 794,224 Total assets accounted for at fair value on $ 794,224 $ - $ - $ 794,224 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) 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. The Company 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 December 31, 2023 and 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 December 31, 2023: Schedule of Financial Instruments Carried at Other Than Fair Value Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 99,519,750 $ - $ - $ 96,998,106 $ 96,998,106 Residential construction 103,529,896 - - 103,529,896 103,529,896 Commercial 72,567,191 - - 72,149,530 72,149,530 Mortgage loans held for investment, net $ 275,616,837 $ - $ - $ 272,677,532 $ 272,677,532 Policy loans 13,264,183 - - 13,264,183 13,264,183 Insurance assignments, net (1) 44,051,486 - - 44,051,486 44,051,486 Restricted assets (2) 675,219 - - 675,219 675,219 Cemetery perpetual care trust investments (2) 246,865 - - 246,865 246,865 Mortgage servicing rights, net 3,461,146 - - 4,543,657 4,543,657 Liabilities Bank and other loans payable $ (105,555,137 ) $ - $ - $ (105,555,137 ) $ (105,555,137 ) Policyholder account balances (3) (39,245,123 ) - - (48,920,691 ) (48,920,691 ) Future policy benefits - annuities (3) (106,285,010 ) - - (102,177,585 ) (102,177,585 ) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) 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 financial instruments are summarized as follows: Mortgage Loans Held for Investment Residential — The estimated fair value of mortgage loans is determined through a combination of discounted cash flows (estimating expected future cash flows of payments and discounting them using current interest rates from single family mortgages) and considering pricing of similar loans that were sold recently. Residential Construction — These loans are primarily short in maturity. Accordingly, the estimated fair value is determined to be the carrying value. Commercial — The estimated fair value is determined by estimating expected future cash flows of payments and discounting them using current interest rates for commercial mortgages. Policy Loans Insurance Assignments, Net SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities 1.5 6.5

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (loss)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (loss)	18) Accumulated Other Comprehensive Income (loss) The following summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2023 2022 December 31 2023 2022 Unrealized gains (losses) on fixed maturity securities available for sale $ 7,853,398 $ (39,493,861 ) Amounts reclassified into net earnings (39,074 ) 162,173 Net unrealized gains (losses) before taxes 7,814,324 (39,331,688 ) Tax benefit (expense) (1,640,186 ) 8,259,656 Net 6,174,138 (31,072,032 ) Unrealized gains (losses) on restricted assets (1) 11,175 (71,035 ) Tax benefit (expense) (2,784 ) 17,695 Net 8,391 (53,340 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 2,917 (20,446 ) Tax benefit (expense) (727 ) 5,093 Net 2,190 (15,353 ) Other comprehensive income (loss) changes $ 6,184,719 $ (31,140,725 ) (1) Fixed maturity securities available for sale SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 18) Accumulated Other Comprehensive Income (loss) The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance Unrealized gains (losses) on fixed maturity securities $ (13,050,767 ) $ 6,174,138 $ (6,876,629 ) Unrealized gains (losses) on restricted assets (1) (13,148 ) 8,391 (4,757 ) Unrealized gains (losses) on cemetery perpetual (6,362 ) 2,190 (4,172 ) Other comprehensive income (loss) $ (13,070,277 ) $ 6,184,719 $ (6,885,558 ) (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022: Beginning Balance December 31, 2021 Change for the period Ending Balance Unrealized gains (losses) on fixed maturity securities $ 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 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 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	19) Derivative Instruments The Company reports derivative instruments pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value December 31, 2023 December 31, 2022 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and Other liabilities $ 161,832,250 $ 4,995,486 $ 3,412,224 $ 453,371,808 $ 4,089,856 $ 1,382,979 Call options Other liabilities - — - 868,600 — 29,715 Put options Other liabilities - — - 654,500 — 13,888 Total $ 161,832,250 $ 4,995,486 $ 3,412,224 $ 454,894,908 $ 4,089,856 $ 1,426,582 The following table presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Years ended December 31, Derivative Classification 2023 2022 Loan commitments Mortgage fee income $ (1,123,615 ) $ (4,308,638 ) Call and put options Gains on investments and other assets $ 49,963 $ 202,886 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights	20) Mortgage Servicing Rights The Company reports MSRs pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table presents the MSR activity. Schedule of Mortgage Servicing Rights 2023 2022 December 31, 2023 2022 Amortized cost: Balance before valuation allowance at beginning of year $ 3,039,765 $ 53,060,455 MSR additions resulting from loan sales 1,009,312 10,243,922 Amortization (1) (587,931 ) (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 year end $ 3,461,146 $ 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 year end $ - $ - Mortgage servicing rights, net $ 3,461,146 $ 3,039,765 Estimated fair value of MSRs at year end $ 4,543,657 $ 3,927,877 (1) Included in other expenses on the consolidated statements of earnings 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 December 31, 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 2024 $ 390,131 2025 342,170 2026 306,597 2027 271,773 2028 242,596 Thereafter 1,907,879 Total $ 3,461,146 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 20) Mortgage Servicing Rights The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the consolidated statements of earnings. Schedule of Other Revenues 2023 2022 Years Ended December 31, 2023 2022 Contractual servicing fees $ 1,144,540 $ 15,792,105 Late fees 97,300 398,754 Total $ 1,241,840 $ 16,190,859 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio December 31, 2023 2022 Servicing UPB $ 414,147,436 $ 360,023,384 The following key assumptions were used in determining MSR value. Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount December 31, 2023 9.70 7.79 11.85 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 Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Future Policy Benefits and Unpa

Future Policy Benefits and Unpaid Claims	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Future Policy Benefits and Unpaid Claims	21) Future Policy Benefits and Unpaid Claims The Company reports future policy benefits and unpaid claims pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table provides information regarding future policy benefits and unpaid claims and the related receivable from reinsurers. Schedule of Liability for Future Policy Benefits, by Product Segment December 31, 2023 2022 Life $ 756,936,902 $ 726,462,594 Annuities 106,285,010 106,637,094 Policyholder account balances 39,245,123 41,146,171 Accident and health 572,689 603,526 Other policyholder funds 4,411,108 4,279,218 Reported but unpaid claims 3,525,774 5,651,030 Incurred but not reported claims 5,062,010 4,547,670 Gross future policy benefits and unpaid claims $ 916,038,616 $ 889,327,303 Receivable from reinsurers Life 10,478,863 10,600,613 Annuities 4,238,934 4,225,873 Accident and health 77,917 79,467 Reported but unpaid claims 48,345 110,985 Incurred but not reported claims 13,000 17,000 Total receivable from reinsurers 14,857,059 15,033,938 Net future policy benefits and unpaid claims $ 901,181,557 $ 874,293,365 Net unpaid claims $ 8,526,439 $ 10,070,715 The following table provides a roll forward of the Company’s liability for reported but unpaid claims and incurred but not reported claims, net of the related receivable from reinsurers. Summary of Liability for Reported but Unpaid Claims and Incurred but not Reported Claims Life Annuities Accident and Health Total Balance at 12/31/2021 $ 8,015,101 $ 678,378 $ 104,504 $ 8,797,983 Incurred 59,377,962 (1) 13,987,576 (2) 40,744 (3) 73,406,282 Settled (57,988,800 ) (14,016,502 ) (128,248 ) (72,133,550 ) Balance at 12/31/2022 9,404,263 649,452 17,000 10,070,715 Incurred 61,390,517 (1) 12,669,463 (2) 30,408 (3) 74,090,388 Settled (62,665,619 ) (12,939,637 ) (29,408 ) (75,634,664 ) Balance at 12/31/2023 $ 8,129,161 $ 379,278 $ 18,000 $ 8,526,439 (1) See death benefits on the consolidated statements of earnings (2) Included in increase in future benefits on the consolidated statements of earnings (3) Included in surrender and other policy benefits on the consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Revenues from Contracts with Cu

Revenues from Contracts with Customers	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	22) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers. Contracts with Customers Information about Performance Obligations and Contract Balances The Company’s cemetery and mortuary segment sells a variety of goods and services to customers in both at-need and pre-need situations. Due to the timing of the fulfillment of the obligation, revenue is deferred until that obligation is fulfilled. The total contract liability for future obligations is included in deferred pre-need cemetery and mortuary contract revenues on the consolidated balance sheets and, as of December 31, 2023 and 2022, the balances were $ 18,237,246 16,226,836 The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue 17,424,764 15,289,901 At-need Specialty Merchandise Revenue 812,482 936,935 Deferred Pre-need Land Revenue 10% nil 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. A transfer of goods and services does not fulfill an obligation and revenue remains deferred. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 22) Revenues from Contracts with Customers The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2023) $ 5,392,779 $ - $ 16,226,836 Closing (12/31/2023) 6,321,573 - 18,237,246 Increase/(decrease) 928,794 - 2,010,410 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (12/31/2022) 5,392,779 - 16,226,836 Increase/(decrease) 94,143 - 1,718,814 (1) Included in Receivables, net on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 22) Revenues from Contracts with Customers The following table disaggregates the opening and closing balances of the Company’s contract balances. Schedule of Opening and Closing Balances of the Assets and Liabilities Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 15,289,901 At-need specialty merchandise - 936,935 Pre-need land sales - - Opening (1/1/2023) $ - $ 16,226,836 Pre-need merchandise and services $ - $ 17,424,764 At-need specialty merchandise - 812,482 Pre-need land sales - - Closing (12/31/2023) $ - $ 18,237,246 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 13,722,348 At-need specialty merchandise - 785,674 Pre-need land sales - - Opening (1/1/2022) $ - $ 14,508,022 Pre-need merchandise and services $ - $ 15,289,901 At-need specialty merchandise - 936,935 Pre-need land sales - - Closing (12/31/2022) $ - $ 16,226,836 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 22) Revenues from Contracts with Customers The amount of revenue recognized for 2023 and 2022 that was included in the opening contract liability balance was $ 4,539,540 4,588,290 The difference between the opening and closing balances of the Company’s contract assets and contract liabilities primarily results from the timing difference between the Company’s performance and the customer’s payment. Disaggregation of Revenue The following table disaggregates revenue for the Company’s cemetery and mortuary contracts. Schedule of Revenues of the Cemetery and Mortuary Contracts 2023 2022 Years Ended December 31 2023 2022 Major goods/service lines At-need $ 19,957,735 $ 21,283,237 Pre-need 7,907,076 5,710,618 Net mortuary and cemetery sales $ 27,864,811 $ 26,993,855 Timing of Revenue Recognition Goods transferred at a point in time $ 17,560,899 $ 16,412,963 Services transferred at a point in time 10,303,912 10,580,892 Net mortuary and cemetery sales $ 27,864,811 $ 26,993,855 Significant Judgments and Estimates The Company’s cemetery and mortuary segment recognizes revenue on future performance obligations when goods are delivered and when services are performed and is not determined by the terms or payments of the contract as long as any good or service is paid in full prior to delivery. Prices are determined based on the market at the time a contract is created. Goods or services are not partially completed. There are no significant judgements, estimations, or allocation methods for when revenue should be recognized. Practical Expedients The Company has not elected to use any of the practical expedients under ASC 606. Contract Costs The Company’s cemetery and mortuary segment defers certain costs associated with obtaining a contract on future obligations. Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 22) Revenues from Contracts with Customers Deferred Pre-need Land Revenue The following table disaggregates contract costs that are included in the deferred policy and pre-need contract acquisition costs on the consolidated balances sheets. Schedule of Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information 2023 2022 Years Ended December 31 2023 2022 Pre-need merchandise and services $ 3,951,267 $ 3,780,173 At-need specialty merchandise 23,090 35,371 Pre-need land sales - - Deferred policy and pre-need contract acquisition costs $ 3,974,357 $ 3,815,544

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases
Leases	23) Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period in exchange for consideration. The Company determines if a contract is a lease at the inception of the contract. At the commencement date of a lease, the Company measures the lease liability at the present value of the lease payments over the lease term, discounted using the discount rate for the lease. The Company uses the rate implicit in the lease, if available, otherwise the Company uses its incremental borrowing rate. Also, at the commencement date of a lease, the Company measures the cost of the related right-of-use asset which consists of the amount of the initial measurement of the lease liability, any lease payments made to the lessor at or before the commencement date, minus any lease incentives received and any initial direct costs incurred by the Company. Information about the Nature of Leases and Subleases The Company leases office space and equipment from third parties under various non-cancelable agreements. The Company has operating leases for office space for its segments in areas where it conducts business. The Company subleases some of this office space. The Company also has finance leases for certain equipment, such as copy machines and postage machines. The Company does not have any lease agreements with variable lease payments. The Company has not included any options to extend or terminate leases in the recognition of the right-of-use assets or lease liabilities because of the uncertainty that they will be exercised. No residual value guarantees have been provided to the Company. The Company does not have any restrictions or covenants imposed by leases. Leases that have not Commenced The Company does not have any leases that have not commenced that create significant rights or obligations for the Company. Related Party Lease Transactions The Company does not have any related party lease transactions that require disclosure as of December 31, 2023. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 23) Leases Short-term Leases The Company made an accounting policy election not to apply the recognition requirements of ASC 842 to short-term leases, which are leases that, at the commencement date, have a lease term of 12 months or less and do not include an option to purchase the underlying assets that the lessee is reasonably certain to exercise. Significant Judgments and Assumptions The Company does not use any significant judgments or assumptions regarding the determination of whether a contract contains a lease; the allocation of the consideration in a contract between lease and nonlease components; or the determination of the discount rates for the leases. The following table presents the Company’s total lease cost recognized in earnings, amounts capitalized as right-of-use assets and cash flows from lease transactions. Schedule of Lease Cost Recognized in Earnings 2023 2022 Years Ended December 31 2023 2022 Lease Cost Finance lease cost: Amortization of right-of-use assets ( 1 $ 25,573 $ 30,163 Interest on lease liabilities ( 2 1,713 2,773 Operating lease cost ( 3 3,914,954 4,498,894 Short-term lease cost (3)(4) 1,874,556 1,135,003 Sublease income ( 3 (323,272 ) (209,455 ) Total lease cost $ 5,493,524 $ 5,457,378 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,007,919 $ 4,250,630 Operating cash flows from finance leases 1,713 2,773 Financing cash flows from finance leases 27,868 31,685 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 160,348 $ 2,054,534 Finance leases 12,332 - Weighted-average remaining lease term (in years) Finance leases 3.29 1.25 Operating leases 2.88 3.46 Weighted-average discount rate Finance leases 6.81 % 5.78 % Operating leases 4.54 % 4.50 % (1) Included in Depreciation on property and equipment on the consolidated statements of earnings (2) Included in Interest expense on the consolidated statements of earnings (3) Included in Rent and rent related expenses on the consolidated statements of earnings (4) Includes leases with a term of 12 months or less SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 23) Leases The following table presents the maturity analysis of the Company’s lease liabilities. Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases Finance Leases Operating Leases Lease payments due in: 2024 $ 7,187 $ 3,187,826 2025 3,525 2,073,045 2026 2,833 1,443,598 2027 2,833 340,112 2028 1,181 128,854 Thereafter - 195,695 Total undiscounted lease payments 17,559 7,369,130 Less: Discount on cash flows (2,009 ) (480,588 ) Present value of lease liabilities $ 15,550 $ 6,888,542 The following table presents the Company’s right-of-use assets and lease liabilities. Schedule of Right-of-Use Assets and Lease Liabilities Year Ended December 31, Balance Sheet Location 2023 2022 Operating Leases Right-of-use assets Other assets $ 6,374,336 $ 9,987,699 Right-of-use assets Other assets $ 6,374,336 $ 9,987,699 Lease liabilities Other liabilities and accrued expenses $ 6,888,542 $ 10,596,471 Lease liabilities Other liabilities and accrued expenses $ 6,888,542 $ 10,596,471 Finance Leases Right-of-use assets $ 130,367 $ 228,221 Accumulated amortization (115,565 ) (200,178 ) Right-of-use assets, net Property and equipment, net $ 14,802 $ 28,043 Right-of-use assets, net Property and equipment, net $ 14,802 $ 28,043 Lease liabilities Bank and other loans payable $ 15,550 $ 31,082 Lease liabilities Bank and other loans payable $ 15,551 $ 31,082 The Company is also a lessor and has operating lease agreements with various tenants that lease its commercial properties. See Note 2 for information about the Company’s real estate held for investment.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
General Overview of Business	General Overview of Business Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three reportable business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance marketed primarily in the states located in western, mid-western and southern regions of the United States. The cemetery and mortuary segment of the Company consists of eight mortuaries and five cemeteries in Utah, one cemetery in California, and four mortuaries and one cemetery in New Mexico. The mortgage segment is an approved government and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.
Use of Estimates	Use of Estimates Management of the Company has made several estimates and assumptions related to the reported amounts of assets and liabilities, reported amounts of revenues and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with GAAP. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment 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 the value of loans held for sale; 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.
Investments	Investments The Company’s management determines the appropriate classifications of investments in fixed maturity securities and equity securities at the acquisition date and re-evaluates the classifications at each balance sheet date. Fixed maturity securities available for sale Equity securities SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Mortgage loans held for investment Real estate held for investment Real estate held for sale Other investments and policy loans Accrued investment income Gains (losses) on investments (except for equity securities carried at fair value through net earnings)
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.
Loans Held for Sale	Loans Held for Sale Accounting Standards Codification (“ASC”) No. 825, “Financial Instruments”, allows for the option to report certain financial assets and liabilities at fair value initially and at subsequent measurement dates with changes in fair value included in earnings. The option may be applied instrument by instrument, but it is irrevocable. The Company elected the fair value option for loans held for sale. The Company believes the fair value option most closely aligns the timing of the recognition of gains and costs. These loans are intended for sale and the Company believes that fair value is the best indicator of the resolution of these loans. Electing fair value also reduces certain timing differences and better matches changes in the fair value of these assets with changes in the fair value of the related derivatives used for these assets. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale.
Mortgage Fee Income	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. All revenues and costs are recognized when the mortgage loan is funded and any changes in fair value are shown as a component of mortgage fee income. See Note 3 and Note 17 to Consolidated Financial Statements for additional disclosures regarding loans held for sale. The Company, through its mortgage subsidiaries, sells mortgage loans to third-party investors without recourse unless defects are identified in the representations and warranties made at loan sale. It may be required, however, to repurchase a loan or pay a fee instead of repurchasing under certain events, which include the following: ● Failure to deliver original documents specified by the investor, ● The existence of misrepresentation or fraud in the origination of the loan, ● The loan becomes delinquent due to nonpayment during the first several months after it is sold, ● Early pay-off of a loan, as defined by the agreements, ● Excessive time to settle a loan, ● Investor declines purchase, and ● Discontinued product and expired commitment. Loan purchase commitments generally specify a date 30 to 45 days after delivery upon which the underlying loans should be settled. Depending on market conditions, these commitment settlement dates can be extended at a cost to the Company. It is the Company’s policy to cure any documentation problems regarding such loans at a minimal cost for up to a six-month period and to pursue efforts to enforce loan purchase commitments from third-party investors concerning the loans. The Company believes that six months allows adequate time to remedy any documentation issues, to enforce purchase commitments, and to exhaust other alternatives. Remedial methods include the following: ● Research reasons for rejection, ● Provide additional documents, ● Request investor exceptions, ● Appeal rejection decision to purchase committee, and ● Commit to secondary investors. Once purchase commitments have expired and other alternatives to remedy are exhausted, which could be earlier than the six-month period, the loans are repurchased and transferred to the long-term investment portfolio at the lower of cost or fair value and previously recorded mortgage fee income that was to be received from a third-party investor is written off against the loan loss reserve.
Determining Fair Value	Determining Fair Value The cost for loans held for sale is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Fair value is often difficult to determine and may contain significant unobservable inputs, but is based on the following: ● For loans that are committed, the Company uses the commitment price. ● For loans that are non-committed that have an active market, the Company uses the market price. ● For loans that are non-committed where there is no market but there is a similar product, the Company uses the market value for the similar product. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies ● For loans that are non-committed where no active market exists, the Company determines that the unpaid principal balance best approximates the market value, after considering the fair value of the underlying real estate collateral, estimated future cash flows, and the loan interest rate. The appraised value of the real estate underlying the original mortgage loan adds support to the Company’s determination of fair value because if the loan becomes delinquent, the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loan, thus minimizing credit losses. Most loans originated are sold to third-party investors. The amounts expected to be sold to investors are shown on the consolidated balance sheets as loans held for sale.
Loan Loss Reserve	Loan Loss Reserve The loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on loans sold. The Company may be required to reimburse third-party investors for costs associated with early payoff of loans within six months of origination of such loans and to repurchase loans where there is a default in any of the first four monthly payments to the investors or, in lieu of repurchase, to pay a negotiated fee to the investors. The Company’s estimates are based upon historical loss experience and the best estimate of the probable loan loss liabilities. Upon completion of a transfer that satisfies the conditions to be accounted for as a sale, the Company initially measures at fair value liabilities incurred in a sale relating to any guarantee or recourse provisions. The Company accrues a monthly allowance for indemnification losses to investors based on total production. This estimate is based on the Company’s historical experience and is included as a component of mortgage fee income. Subsequent updates to the recorded liability from changes in assumptions are recorded in selling, general and administrative expenses as a component of provision for loan loss reserve. The estimated liability for indemnification losses is included in other liabilities and accrued expenses. The loan loss reserve analysis involves mortgage loans that have been sold to third-party investors, which were believed to have met investor underwriting guidelines at the time of sale, where the Company has received a demand from the investor. There are generally three types of demands: make whole, repurchase, or indemnification. These types of demands are further described as follows: Make whole demand Repurchase demand Indemnification demand The Company believes the allowance for loan losses and the loan loss reserve represent probable loan losses incurred as of the balance sheet date. Additional information related to the Loan Loss Reserve is included in Note 3.
Restricted Assets	Restricted Assets Restricted assets are assets held in a trust account for future mortuary services and merchandise. Restricted assets also include escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans, funds held by warehouse banks in accordance with loan purchase agreements and funds held in escrow for certain real estate construction development projects. Additionally, the Company funded its medical benefit safe-harbor limit based on the qualified direct costs and has included this amount as a component of restricted cash. Additional information related to restricted assets is included in Notes 2 and 8 to Consolidated Financial Statements.
Cemetery Perpetual Care Trust Investments	Cemetery Perpetual Care Trust Investments Cemetery endowment care trusts have been set up for five of the seven cemeteries owned by the Company. Under endowment care arrangements a portion of the price for each lot sold is withheld and invested in a portfolio of investments like those described in the prior paragraph. The earnings stream from the investments is designed to fund future maintenance and upkeep of the cemetery. Additional information related to cemetery perpetual care trust investments is included in Notes 2 and 8 to Consolidated Financial Statements.
Cemetery Land and Improvements	Cemetery Land and Improvements The development of a cemetery involves not only the initial acquisition of raw land but also the installation of roads, water lines, landscaping, and other costs to establish a marketable cemetery lot. The costs of developing the cemetery are shown as an asset on the balance sheet. The amount on the balance sheet is reduced by the total cost assigned to the development of a particular lot when the criterion for recognizing a sale of that lot is met.
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs and Value of Business Acquired Commissions and other costs, net of commission and expense allowances for reinsurance ceded, that vary with and are primarily related to the production of new insurance business have been deferred. Deferred policy acquisition costs (“DAC”) for traditional life insurance are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For interest-sensitive insurance products, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges, investment, mortality, and expense margins. This amortization is adjusted when estimates of current or future gross profits to be realized from a group of products are reevaluated. Deferred acquisition costs are written off when policies lapse or are surrendered. When accounting for DAC, the Company considers internal replacements of insurance and investment contracts. An internal replacement is a modification in product benefits, features, rights, or coverage that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to contract, or by the election of a feature or coverage within a contract. Modifications that result in a replacement contract that is substantially changed from the replaced contract are accounted for as an extinguishment of the replaced contract. Unamortized DAC, unearned revenue liabilities and deferred sales inducements from the replaced contract are written-off. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract. Value of business acquired (“VOBA”) is the present value of estimated future profits of the acquired business and is amortized like deferred policy acquisition costs.
Premium Deficiency and Loss Recognition Testing	Premium Deficiency and Loss Recognition Testing At least annually, the Company tests the adequacy of the net benefit reserves (liability for future policy benefits, net of DAC and VOBA) recorded for life insurance and annuity products. The Company tests for recoverability by using the Company’s current best-estimate assumptions as to policyholder mortality, persistency, maintenance expenses and invested asset returns. These tests evaluate whether the present value of future contract-related cash flows will support the capitalized DAC and VOBA assets. These cash flows consist primarily of premium income, less benefits, and expenses. If the current contract liabilities plus the present value of future premiums is greater than the sum of the present values of future policy benefits, commissions, and expenses plus the current DAC and VOBA less unearned premium reserve balances, then the capitalized assets are deemed recoverable. The present values are calculated using the best estimate of the after-tax net investment earned rate.
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage Servicing Rights (“MSR”) arise from contractual agreements between the Company and third-party investors (or their agents) when mortgage loans are sold. Under these contracts, the Company is obligated to retain and provide loan servicing functions on loans sold, in exchange for fees and other remuneration. The servicing functions typically performed include, among other responsibilities, collecting and remitting loan payments; responding to borrower inquiries; accounting for principal and interest, holding custodial (impound) funds for payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising the acquisition of real estate owned and property dispositions. The total residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans. The value of MSRs is derived from the net cash flows associated with the servicing contracts. The Company receives a servicing fee of generally about 0.25 The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with an initial term of 30 15 Interest rate risk, prepayment risk, and default risk are inherent risks in MSR valuation. Interest rate changes largely drive prepayment rates. Refinance activity generally increases as rates decline. A significant decrease in rates beyond expectation could cause a decline in the value of the MSR. On the contrary, if rates increase borrowers are less likely to refinance or prepay their mortgage, which extends the duration of the loan and MSR values are likely to rise. Because of these risks, discount rates and prepayment speeds are used to estimate the fair value. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies 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. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method over the estimated useful lives of the assets which range from three forty years
Long-lived Assets	Long-lived Assets Long-lived assets to be held and used, including property and equipment and real estate held for investment, are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset, and long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Derivative Instruments	Derivative Instruments Mortgage Banking Derivatives Loan Commitments The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of loan commitments from the time a loan commitment is made to an applicant to the time the loan that would result from the exercise of that loan commitment is funded. Managing price risk is complicated by the fact that the ultimate percentage of loan commitments that will be exercised (i.e., the number of loans that will be funded) fluctuates. The probability that a loan will not be funded, or the loan application is denied or withdrawn within the terms of the commitment is driven by 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. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued and is shown net of expenses. Following issuance, the value of a loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will fund within the terms of the commitments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies 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 consolidated balance sheets. Call and Put Option 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.
Allowances for Credit Losses	Allowances for Credit Losses The Company records allowances for current expected credit losses from fixed maturity securities available for sale, mortgage loans held for investment, other investments, and receivables in accordance with GAAP. The allowances for credit losses are valuation accounts that are reported as a reduction of the financial asset’s cost basis and are measured on a pool basis when similar risk characteristics exist. The Company estimates allowances for credit losses using relevant available information from both internal and external sources. The Company considers its historical loss experience, analyzes current market conditions and forecasts and uses third-party assistance to arrive at current expected credit losses. Amounts are written off against the allowance for credit losses when determined to be uncollectible. See below under Recent Accounting Pronouncements regarding the adoption of ASU 2016-13. See Notes 2 and 4 regarding the Company’s evaluation of allowances for credit losses.
Future Policy Benefits and Unpaid Claims	Future Policy Benefits and Unpaid Claims Future policy benefit reserves for traditional life insurance are computed using a net level method, including assumptions as to investment yields, mortality, morbidity, withdrawals, and other assumptions based on the life insurance subsidiaries’ experience, modified as necessary to give effect to anticipated trends and to include provisions for possible unfavorable deviations. Such liabilities are, for some plans, graded to equal statutory values or cash values at or prior to maturity, which are deemed a reasonable equivalent for GAAP. The range of assumed interest rates for all traditional life insurance policy reserves was 4 10 Future policy benefit reserves for interest-sensitive insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims incurred in the period more than related policy account balances. Interest credit rates for interest-sensitive insurance products ranged from 3 6.5 The Company records an unpaid claims liability for claims in the course of settlement equal to the death benefit amount less any reinsurance recoverable amount for claims reported. There is also an unpaid claims liability for claims incurred but not reported. This liability is based on the historical experience of the net amount of claims that were reported in reporting periods subsequent to the reporting period when claims were incurred.
Participating Insurance	Participating Insurance Participating business constituted 2
Recognition of Insurance Premiums and Other Considerations	Recognition of Insurance Premiums and Other Considerations Premiums and other consideration for traditional life insurance products (which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited payment life insurance policies, and certain annuities with life contingencies) are recognized as revenues when due from policyholders. Premiums and other consideration for interest-sensitive insurance policies (which include universal life policies, interest-sensitive life policies, deferred annuities, and annuities without life contingencies) are recognized when earned and consist of amounts assessed against policyholder account balances during the period for policy administration charges and surrender charges.
Reinsurance	Reinsurance The Company follows the procedure of reinsuring risks of more than $ 100,000 The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100 Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Expense allowances received in connection with reinsurance ceded are accounted for as a reduction of the related policy acquisition costs and are deferred and amortized accordingly.
Pre-need Sales and Costs	Pre-need Sales and Costs Pre-need contract sales of funeral services and caskets Sales of cemetery interment rights (cemetery burial property) Pre-need contract sales of cemetery merchandise (primarily markers and vaults) Pre-need contract sales of cemetery services (primarily merchandise delivery, installation fees and burial opening and closing fees) Prearranged funeral and pre-need cemetery customer acquisition costs SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 1) Significant Accounting Policies Revenues and costs for at-need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant performance obligations remaining. The Company, through its cemetery and mortuary operations, provides guaranteed funeral arrangements wherein a prospective customer can receive future goods and services at guaranteed prices. To accomplish this, the Company, through its life insurance operations, sells to the customer an increasing benefit life insurance policy that is assigned to the mortuaries. If, at the time of need, the policyholder/potential mortuary customer utilizes one of the Company’s facilities, the guaranteed funeral arrangement contract that has been assigned will provide the funeral goods and services at the contracted price. The increasing life insurance policy will cover the difference between the original contract prices and current prices. Risks may arise if the difference cannot be fully met by the life insurance policy. However, management believes that given current inflation rates and related price increases of goods and services, the risk of exposure is minimal.
Goodwill	Goodwill Previous acquisitions have been accounted for as purchases under which assets acquired and liabilities assumed were recorded at their fair values with the excess purchase price recognized as goodwill. The Company evaluates annually or when changes in circumstances warrant the recoverability of goodwill and if there is a decrease in value, the related impairment is recognized as a charge against income.
Other Intangibles	Other Intangibles Other intangibles are recognized apart from goodwill whenever an acquired intangible asset arises from contractual or other legal rights, or whenever it is capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented, or exchanged, either individually or in combination with a related contract, asset, or liability. The Company engages a third-party valuation firm to analyze the value of the intangible assets that result from significant acquisitions. The value of the intangible assets that result from these acquisitions are included in Other Assets and are determined using the income approach, relying on a relief from the royalty method.
Income Taxes	Income Taxes Income taxes include taxes currently payable plus deferred taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the temporary differences in the financial reporting basis and tax basis of assets and liabilities and operating loss carry-forwards. Deferred tax assets are measured using enacted tax rates expected to apply to taxable income in the years in which these temporary differences are expected to be recovered or settled. Liabilities are established for uncertain tax positions expected to be taken in income tax returns when such positions are judged to meet the “more-likely-than-not” threshold based on the technical merits of the positions. Estimated interest and penalties related to uncertain tax penalties are included as a component of income tax expense.
Earnings Per Common Share	Earnings Per Common Share The Company computes earnings per share, which requires a presentation of basic and diluted earnings per share. Basic earnings per equivalent Class A common share are computed by dividing net earnings by the weighted-average number of Class A common shares outstanding during each year presented, after the effect of the assumed conversion of Class C common stock to Class A common stock. Diluted earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding during the year used to compute basic earnings per share plus dilutive potential incremental shares by application of the treasury stock method. Basic and diluted earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends.
Stock Based Compensation	Stock Based Compensation The cost of employee services received in exchange for an award of equity instruments is recognized in the financial statements and is measured based on the fair value on the grant date of the award. The fair value of stock options is calculated using the Black Scholes Option Pricing Model. Stock option compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award and is included in personnel expenses on the consolidated statements of earnings.
Concentration of Credit Risk	Concentration of Credit Risk For a description of the concentration risk regarding available for sale debt securities, mortgage loans held for investment and real estate held for investment, refer to Note 2, and for receivables from reinsurers, refer to Note 10 of the Notes to Consolidated Financial Statements.
Advertising	Advertising The Company expenses advertising costs as incurred.
Recent Accounting Pronouncements	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 Restricted 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” ASU No. 2023-09: “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” ASU No. 2023-07: “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” The Company has reviewed other recent accounting pronouncements and has determined that they will not significantly impact the Company’s results of operations or financial position. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [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 Restricted 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)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of December 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value December 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 111,450,753 $ 344,425 $ (1,416,448 ) $ - $ 110,378,730 Obligations of states and political subdivisions 6,524,083 500 (319,260 ) - 6,205,323 Corporate securities including public utilities 232,299,727 3,688,642 (7,145,507 ) (308,500 ) 228,534,362 Mortgage-backed securities 40,359,878 506,647 (4,702,905 ) (6,049 ) 36,157,571 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 390,884,441 $ 4,550,214 $ (13,584,120 ) $ (314,549 ) $ 381,535,986 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Total equity securities at estimated fair value $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Mortgage loans held for investment at amortized cost: Residential $ 103,153,587 Residential construction 104,052,748 Commercial 74,176,538 Less: Unamortized deferred loan fees, net (1,623,226 ) Less: Allowance for credit losses (3,818,653 ) Less: Net discounts (324,157 ) Total mortgage loans held for investment $ 275,616,837 Real estate held for investment - net of accumulated depreciation: Residential $ 40,924,865 Commercial 142,494,427 Total real estate held for investment $ 183,419,292 Real estate held for sale: Residential $ - Commercial 3,028,973 Total real estate held for sale $ 3,028,973 Other investments and policy loans at amortized cost: Policy loans $ 13,264,183 Insurance assignments 45,605,322 Federal Home Loan Bank stock (2) 2,279,800 Other investments 9,809,148 Less: Allowance for credit losses (1,553,836 ) Total policy loans and other investments $ 69,404,617 Accrued investment income $ 10,170,790 Total investments $ 936,812,566 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 530,900 1,748,900 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) 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 loan 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 doubtful accounts (1,609,951 ) Total policy loans and other investments $ 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 Fair Value At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 29,394 $ 9,436,090 $ 1,387,054 $ 70,885,403 $ 1,416,448 $ 80,321,493 Obligations of states and political subdivisions 11,105 470,325 308,155 5,284,498 319,260 5,754,823 Corporate securities including public utilities 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage and other asset-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Total unrealized losses $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of states and political subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate securities including public utilities 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 Total unrealized losses $ 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	Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation December 31, 2023 December 31, 2022 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 221,933,425 $ 216,975,288 $ 197,753,818 $ 189,691,540 2 161,062,016 157,346,803 156,261,804 148,073,873 3 6,418,829 5,953,542 7,080,305 6,635,786 4 982,290 948,478 1,377,541 1,157,454 5 236,648 51,875 25,736 39,155 6 1,233 - 1,307 684 Total $ 390,634,441 $ 381,275,986 $ 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 Year Ended December 31, 2023 U.S. Treasury Securities And Obligations of U.S. Government Agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - December 31, 2022 $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 261,500 6,049 267,549 Change in allowance on securities with previous allowance - - 57,764 - 57,764 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 - December 31, 2023 $ - $ - $ 308,500 $ 6,049 $ 314,549
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 December 31 $ 225,475
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at December 31, 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 168,831,608 166,186,132 Due in 5-10 years 95,804,878 95,031,727 Due in more than 10 years 85,638,077 83,900,556 Mortgage-backed securities 40,359,878 36,157,571 Redeemable preferred stock 250,000 260,000 Total $ 390,884,441 $ 381,535,986
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 Years Ended December 31, 2023 2022 Proceeds from sales $ 2,557,074 $ 3,091,105 Gross realized gains 11,508 24,281 Gross realized losses (57,861 ) (32,976 ) 2023 2022 Years Ended December 31 2023 2022 Fixed maturity securities available for sale $ 16,871,558 $ 12,395,764 Equity securities 616,989 511,118 Mortgage loans held for investment 33,242,094 34,949,763 Real estate held for investment and sale 14,786,017 14,563,269 Policy loans 816,711 932,362 Insurance assignments 18,118,391 18,112,840 Other investments 617,420 518,865 Cash and cash equivalents 4,250,029 1,666,945 Gross investment income 89,319,209 83,650,926 Investment expenses (16,976,162 ) (17,453,334 ) Net investment income $ 72,343,047 $ 66,197,592
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 2023 2022 Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 6,206,650 $ 8,817,959 Other investments 400,000 - Cash and cash equivalents 1,909,215 2,214,206 Total assets on deposit $ 8,515,865 $ 11,032,165 Assets held in trust related to third-party reinsurance agreements were as follows: Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 27,903,952 $ 27,955,297 Cash and cash equivalents 2,101,052 1,866,453 Total assets on deposit $ 30,005,004 $ 29,821,750 The Company is a member of the Federal Home Loan Bank of Des Moines and Dallas (“FHLB”). Assets pledged as collateral with the FHLB are presented below. These pledged securities are used as collateral for any FHLB cash advances. See Note 7 of the Notes to the Consolidated Financial Statements for more information about the FHLB. Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 93,903,089 $ 93,034,880 Total assets pledged as collateral $ 93,903,089 $ 93,034,880
Schedule of Commercial Real Estate Investment	The Company’s commercial real estate held for investment is summarized as follows: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage December 31, December 31, 2023 2022 2023 2022 Utah (1) $ 142,475,177 $ 147,627,946 625,920 625,920 Louisiana 19,250 2,380,847 1,622 31,778 Mississippi (2) - 2,881,863 - 19,694 $ 142,494,427 $ 152,890,656 627,542 677,392 (1) Includes Center53 (2) This property was moved to held for sale (1) Consists of approximately 93 acres of undeveloped land for $ 151,553 Net Book Value Total Square Footage December 31, December 31, 2023 2022 2023 2022 Mississippi (1) $ 3,028,973 $ 151,553 19,694 - $ 3,028,973 $ 151,553 19,694 - (1) Consists of approximately 93 acres of undeveloped land for $ 151,553 2,877,420 250,000
Schedule of Annual Undiscounted Cash Flows of Operating Lease Payments	The following is a maturity analysis of the annual undiscounted cash flows of the operating lease payments expected to be received. Schedule of Annual Undiscounted Cash Flows of Operating Lease Payments 2024 $ 11,816,339 2025 11,843,124 2026 10,695,017 2027 9,198,450 2028 9,009,534 Thereafter 46,371,762 Total $ 98,934,226
Schedule of Residential Real Estate Investment	The Company’s residential real estate held for investment is summarized as follows: Schedule of Residential Real Estate Investment Net Book Value December 31, 2023 2022 Utah (1) $ 40,924,865 $ 38,437,960 $ 40,924,865 $ 38,437,960 (1) Includes multiple residential subdivision development projects The following table presents additional information regarding the Company’s residential subdivision development in Utah. December 31, 2023 2022 Lots available for sale 42 80 Lots to be developed 1,145 1,131 Ending Balance $ 40,739,201 $ 38,241,705 The Company’s residential real estate held for sale is summarized as follows: Net Book Value December 31, 2023 2022 Utah $ - $ 11,010,029 (1) $ - $ 11,010,029 (1) All sold in 2023
Schedule of Real Estate Owned and Occupied by the Company	The primary business units of the Company occupy a portion of the commercial real estate owned by the Company. As of December 31, 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) (3) Life Insurance Operations 19,694 28 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 909 Foisy Street, Alexandria, LA (2) (4) Life Insurance Sales 8,059 100 % 812 Sheppard Street, Minden, LA (2) (5) Life Insurance Sales 1,560 100 % 1550 N 3rd Street, Jena, LA (2) (3) Life Insurance Sales 1,737 100 % (1) Included in real estate held for investment on the consolidated balance sheets (2) Included in property and equipment on the consolidated balance sheets (3) Listed for sale and sold during the first quarter of 2024 (4) Listed for sale and currently under contract (5) Listed for sale
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 December 31, 2023 Allowance for credit losses: Beginning balance - January 1, 2023 $ 187,129 $ 1,739,980 $ 43,202 $ 1,970,311 Adoption of ASU 2016-13 (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) 476,717 843,521 (136,926 ) 1,183,312 Charge-offs - - - - Ending balance - December 31, 2023 $ 1,219,653 $ 2,390,894 $ 208,106 $ 3,818,653 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 1 of the notes to the consolidated financial statements (2) Included in other expenses on the 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. Schedule of Aging of Mortgage Loans Commercial Residential Residential Total December 31, 2023 30-59 days past due $ - $ 3,387,673 $ - $ 3,387,673 60-89 days past due - 3,472,760 - 3,472,760 Over 90 days past due (1) 405,000 3,480,931 - 3,885,931 In process of foreclosure (1) 1,241,508 1,021,790 - 2,263,298 Total past due 1,646,508 11,363,154 - 13,009,662 Current 72,530,030 91,790,433 104,052,748 268,373,211 Total mortgage loans 74,176,538 103,153,587 104,052,748 281,382,873 Allowance for credit losses (1,219,653 ) (2,390,894 ) (208,106 ) (3,818,653 ) Unamortized deferred loan fees, net (172,989 ) (1,135,491 ) (314,746 ) (1,623,226 ) Unamortized discounts, net (216,705 ) (107,452 ) - (324,157 ) Net mortgage loans held for investment $ 72,567,191 $ 99,519,750 $ 103,529,896 $ 275,616,837 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 December 31, 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% $ 34,304,954 $ 13,555,737 $ 3,778,248 $ - $ 2,964,740 $ 6,565,389 $ 61,169,068 82.46 % 65% to 80% 1,523,926 5,115,231 1,050,000 4,913,313 - - 12,602,470 16.99 % Greater than 80% - - 405,000 - - - 405,000 0.55 % Total $ 35,828,880 $ 18,670,968 $ 5,233,248 $ 4,913,313 $ 2,964,740 $ 6,565,389 $ 74,176,538 100.00 % DSCR >1.20x $ 20,990,000 $ 1,000,000 $ 700,000 $ 4,913,313 $ 2,964,740 $ 2,612,625 $ 33,180,678 44.73 % 1.00x - 1.20x 8,338,880 8,496,127 3,483,248 - - 3,952,764 24,271,019 32.72 % <1.00x 6,500,000 9,174,841 (1) (1) 1,050,000 - - - 16,724,841 22.55 % Total $ 35,828,880 $ 18,670,968 $ 5,233,248 $ 4,913,313 $ 2,964,740 $ 6,565,389 $ 74,176,538 100.00 % (1) Commercial construction loan SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) Investments The Company evaluates and monitors the credit quality of its residential mortgage loans by analyzing LTV and 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 December 31, 2023: Credit Quality Indicator 2023 2022 2021 2020 2019 Prior Total % of Total Performance Indicators: Performing $ 15,337,828 $ 53,875,389 $ 7,156,934 $ 7,453,796 $ 2,786,562 $ 12,040,357 $ 98,650,866 95.63 % Non-performing (1) - 2,202,114 365,061 613,101 - 1,322,445 4,502,721 4.37 % Total $ 15,337,828 $ 56,077,503 $ 7,521,995 $ 8,066,897 $ 2,786,562 $ 13,362,802 $ 103,153,587 100.00 % (1) Includes residential mortgage loans in the process of foreclosure of $ 1,021,790 2023 2022 2021 2020 2019 Prior Total % of Total LTV: Less than 65% $ 3,280,144 $ 7,049,522 $ 1,843,286 $ 1,746,970 $ 446,675 $ 5,206,095 $ 19,572,692 18.97 % 65% to 80% 10,962,770 44,371,320 4,269,894 4,222,170 2,339,887 5,711,440 71,877,481 69.68 % Greater than 80% 1,094,914 4,656,661 1,408,815 2,097,757 - 2,445,267 11,703,414 11.35 % Total $ 15,337,828 $ 56,077,503 $ 7,521,995 $ 8,066,897 $ 2,786,562 $ 13,362,802 $ 103,153,587 100.00 %
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 December 31, 2023: Schedule of Residential Construction Mortgage Loans Credit Quality Indicator 2023 2022 2021 Total % of Total Performance Indicators: Performing $ 60,311,679 $ 16,624,182 $ 27,116,887 $ 104,052,748 100.00 % Non-performing - - - - 0.00 % Total $ 60,311,679 $ 16,624,182 $ 27,116,887 $ 104,052,748 100.00 % LTV: Less than 65% $ 40,215,360 $ 8,732,500 $ 20,442,302 $ 69,390,162 66.69 % 65% to 80% 20,096,319 7,891,682 6,674,585 34,662,586 33.31 % Greater than 80% - - - - 0.00 % Total $ 60,311,679 $ 16,624,182 $ 27,116,887 $ 104,052,748 100.00 %
Schedule of Mortgage loans Held for Investment	Schedule of Mortgage loans Held for Investment Principal Principal Principal Amounts Amounts Amounts Due in Due in Due Total 1 Year 2-5 Years Thereafter Residential $ 103,153,587 $ 2,554,380 $ 9,231,545 $ 91,367,662 Residential Construction 104,052,748 88,880,893 15,171,855 - Commercial 74,176,538 39,562,489 19,457,975 15,156,074 Total $ 281,382,873 $ 130,997,762 $ 43,861,375 $ 106,523,736
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 Years Ended December 31, 2023 2022 30-59 days past due $ 10,829,629 $ 10,621,443 60-89 days past due 3,709,754 3,997,484 Over 90 days past due 4,329,468 5,813,013 Total past due 18,868,851 20,431,941 Current 26,736,471 26,510,594 Total insurance assignments 45,605,322 46,942,536 Allowance for credit losses (1,553,836 ) (1,609,951 ) Net insurance assignments $ 44,051,486 $ 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: Schedule of Allowance for Credit Losses Allowance Beginning balance - January 1, 2023 $ 1,609,951 Change in provision for credit losses (1) 891,959 Charge-offs (948,074 ) Ending balance - December 31, 2023 $ 1,553,836 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 consolidated statements of earnings
Schedule of Gain (Loss) on Investments	The following table presents the net realized gains and losses from sales, calls, and maturities, unrealized gains and losses on equity securities from investments and other assets. Schedule of Gain (Loss) on Investments 2023 2022 Years Ended December 31 2023 2022 Fixed maturity securities available for sale: Gross realized gains $ 67,686 $ 205,949 Gross realized losses (106,760 ) (43,776 ) Net credit loss (provision) release (325,314 ) - Equity securities: Gains (losses) on securities sold 254,917 (10,519 ) Unrealized gains (losses) on securities held at the 1,782,219 (2,109,556 ) Real estate held for investment and sale: Gross realized gains 197,194 1,239,332 Gross realized losses (71,792 ) (825,593 ) Other assets, including call and put option derivatives: Gross realized gains 214,349 686,703 Gross realized losses (175,157 ) - Total $ 1,837,342 $ (857,460 )
Schedule of Accrued Investment Income	Accrued investment income consists of the following: Schedule of Accrued Investment Income 2023 2022 Years Ended December 31, 2023 2022 Fixed maturity securities available for sale $ 3,984,695 $ 3,563,767 Equity securities 20,451 14,496 Mortgage loans held for investment 2,661,092 3,220,709 Real estate held for investment 3,486,115 3,455,305 Policy Loans - 37,951 Cash and cash equivalents 18,437 7,598 Total accrued investment income $ 10,170,790 $ 10,299,826

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Held For Sale
Schedule of Aggregate Fair Value Loans Held for Sale	The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale. Schedule of Aggregate Fair Value Loans Held for Sale 2023 2022 December 31, 2023 2022 Aggregate fair value $ 126,549,190 $ 141,179,620 Unpaid principal balance 127,185,867 141,337,811 Unrealized loss (636,677 ) (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 Years Ended December 31 2023 2022 Loan fees $ 21,724,456 $ 24,184,972 Interest income 9,547,741 9,666,149 Secondary gains 68,505,014 153,870,807 (1) Change in fair value of loan commitments (1,123,615 ) (4,308,638 ) Change in fair value of loans held for sale (478,460 ) (8,834,797 ) Provision for loan loss reserve (27,164 ) (1,078,812 ) Mortgage fee income $ 98,147,972 $ 173,499,681 (1) Includes a net gain of $ 34,051,938
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 December 31, 2023 2022 Beginning Balance $ 1,725,667 $ 2,447,139 Provision for current loan originations (1) 27,164 1,078,812 Charge-offs, net of recaptured amounts (1,205,598 ) (1,800,284 ) Ending Balance $ 547,233 $ 1,725,667 (1) Included in Mortgage fee income

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: Schedule of Receivables 2023 2022 December 31, 2023 2022 Contracts with customers $ 6,321,573 $ 5,392,779 Receivables from sales agents 3,252,840 2,209,185 Other 7,658,789 23,200,919 Total receivables 17,233,202 30,802,883 Allowance for credit losses (1,897,887 ) (2,229,791 ) Net receivables $ 15,335,315 $ 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) (110,935 ) Charge-offs (220,969 ) Ending balance - December 31, 2023 $ 1,897,887 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

Value of Business Acquired, G_2

Value of Business Acquired, Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Schedule of Value of Business Acquired	Information regarding value of business acquired was as follows: Schedule of Value of Business Acquired 2023 2022 December 31, 2023 2022 Balance at beginning of year $ 9,803,736 $ 8,421,432 Value of business acquired - 2,136,085 Imputed interest at 7 626,666 (1) 642,919 (1) Amortization included in earnings (1,926,668 )(1) (1,907,250 )(1) Shadow amortization included in other (36,121 ) 510,550 Net amortization (1,336,123 ) (753,781 ) Balance at end of year $ 8,467,613 $ 9,803,736 (1) Included in Amortization of deferred policy and pre-need acquisition costs and value of business acquired on the consolidated statements of earnings
Schedule of Acquisitions Net Amortization Charged to Income	Presuming no additional acquisitions, net amortization charged to income is expected to approximate the following: Schedule of Acquisitions Net Amortization Charged to Income 2024 $ 1,219,496 2025 1,112,965 2026 1,030,635 2027 957,074 2028 833,216 Thereafter 3,314,227 Total $ 8,467,613
Schedule of Goodwill by Segment	Information regarding goodwill by segment was as follows: Schedule of Goodwill by Segment Life Insurance Cemetery/ Total Balance at January 1, 2022: Goodwill $ 2,765,570 $ 2,488,213 $ 5,253,783 Accumulated impairment - - - Total goodwill, net 2,765,570 2,488,213 5,253,783 Acquisition - - - Balance at December 31, 2022: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net 2,765,570 2,488,213 5,253,783 Acquisition - - - Balance at December 31, 2023: Goodwill 2,765,570 2,488,213 5,253,783 Accumulated impairment - - - Total goodwill, net $ 2,765,570 $ 2,488,213 $ 5,253,783
Schedule of Carrying Value of Intangible Asset	The carrying value of the Company’s other intangible assets were as follows which is included in other assets: Schedule of Carrying Value of Intangible Asset December 31, Useful Life 2023 2022 Intangible asset - trade name (1) 15 years $ 2,100,000 $ 2,100,000 Intangible assets - other (1) 15 years 210,000 210,000 Intangible asset - trade name (2) 15 years 610,000 610,000 Intangible asset - customer lists (3) 15 years 890,000 890,000 Less accumulated amortization (807,333 ) (553,333 ) Balance at end of year $ 3,002,667 $ 3,256,667 (1) Rivera Funerals, Cremations and Memorial Gardens (2) Kilpatrick Life (3) Beta Capital Corp
Schedule of Estimate of Future Amortization for Other Intangible Assets	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 December 31, 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 2024 $ 390,131 2025 342,170 2026 306,597 2027 271,773 2028 242,596 Thereafter 1,907,879 Total $ 3,461,146
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Schedule of Estimate of Future Amortization for Other Intangible Assets	The following table summarizes the Company’s estimate of future amortization for the other intangible assets: Schedule of Estimate of Future Amortization for Other Intangible Assets 2024 $ 254,000 2025 254,000 2026 254,000 2027 254,000 2028 254,000 Thereafter 1,732,667 Total $ 3,002,667

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment is summarized below: Schedule of Property and Equipment 2023 2022 December 31, 2023 2022 Land and buildings $ 16,567,819 $ 16,545,799 Furniture and equipment 16,315,061 17,567,906 Property and equipment, gross 32,882,880 34,113,705 Less accumulated depreciation (13,707,781 ) (13,534,056 ) Total $ 19,175,099 $ 20,579,649

Bank and Other Loans Payable (T

Bank and Other Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Summary of Bank Loans Payable	Bank and other loans payable are summarized as follows: Summary of Bank Loans Payable December 31, 2023 2022 - 1,690,892 Prime rate note payable in monthly installments of $ 75,108 $ - $ 1,690,892 3.85% 243,781 62,977,000 50,129,255 48,613,833 3.30% 179,562 44,811,000 38,478,359 39,298,298 4.7865% 16,594,000 9,200,000 9,200,000 1 month SOFR rate plus 2.1% 100,000,000 - 17,978,527 1 month SOFR rate plus 2% 100,000,000 114,518 29,768,762 1 month SOFR rate plus 2.5% 75,000,000 - 15,131,410 1 month SOFR rate plus 2.1% 15,000,000 7,617,455 - Finance lease liabilities 15,550 31,082 Total bank and other loans 105,555,137 161,712,804 Less current installments (9,543,052 ) (65,560,608 ) Bank and other loans, excluding current installments $ 96,012,085 $ 96,152,196
Schedule of Combined Maturities of Bank Loans Payable Lines of Credit and Notes and Contracts Payable	The following tabulation shows the combined maturities of bank and other loans payable: Schedule of Combined Maturities of Bank Loans Payable Lines of Credit and Notes and Contracts Payable 2024 $ 9,543,052 2025 1,881,631 2026 1,952,430 2027 2,026,547 2028 11,296,737 Thereafter 78,854,740 Total $ 105,555,137

Cemetery Perpetual Care Trust_2

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The Company’s investments as of December 31, 2023 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value December 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 111,450,753 $ 344,425 $ (1,416,448 ) $ - $ 110,378,730 Obligations of states and political subdivisions 6,524,083 500 (319,260 ) - 6,205,323 Corporate securities including public utilities 232,299,727 3,688,642 (7,145,507 ) (308,500 ) 228,534,362 Mortgage-backed securities 40,359,878 506,647 (4,702,905 ) (6,049 ) 36,157,571 Redeemable preferred stock 250,000 10,000 - - 260,000 Total fixed maturity securities available for sale $ 390,884,441 $ 4,550,214 $ (13,584,120 ) $ (314,549 ) $ 381,535,986 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Total equity securities at estimated fair value $ 10,571,505 $ 3,504,141 $ (439,575 ) $ 13,636,071 Mortgage loans held for investment at amortized cost: Residential $ 103,153,587 Residential construction 104,052,748 Commercial 74,176,538 Less: Unamortized deferred loan fees, net (1,623,226 ) Less: Allowance for credit losses (3,818,653 ) Less: Net discounts (324,157 ) Total mortgage loans held for investment $ 275,616,837 Real estate held for investment - net of accumulated depreciation: Residential $ 40,924,865 Commercial 142,494,427 Total real estate held for investment $ 183,419,292 Real estate held for sale: Residential $ - Commercial 3,028,973 Total real estate held for sale $ 3,028,973 Other investments and policy loans at amortized cost: Policy loans $ 13,264,183 Insurance assignments 45,605,322 Federal Home Loan Bank stock (2) 2,279,800 Other investments 9,809,148 Less: Allowance for credit losses (1,553,836 ) Total policy loans and other investments $ 69,404,617 Accrued investment income $ 10,170,790 Total investments $ 936,812,566 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 530,900 1,748,900 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 2) 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 loan 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 doubtful accounts (1,609,951 ) Total policy loans and other investments $ 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 Fair Value At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 29,394 $ 9,436,090 $ 1,387,054 $ 70,885,403 $ 1,416,448 $ 80,321,493 Obligations of states and political subdivisions 11,105 470,325 308,155 5,284,498 319,260 5,754,823 Corporate securities including public utilities 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage and other asset-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Total unrealized losses $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 2,685,277 $ 79,400,753 $ - $ - $ 2,685,277 $ 79,400,753 Obligations of states and political subdivisions 378,067 5,467,910 80,070 429,020 458,137 5,896,930 Corporate securities including public utilities 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 Total unrealized losses $ 16,883,189 $ 267,774,539 $ 2,291,672 $ 13,189,587 $ 19,174,861 $ 280,964,126
Schedule of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and estimated fair value of fixed maturity securities available for sale at December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ - $ - Due in 2-5 years 168,831,608 166,186,132 Due in 5-10 years 95,804,878 95,031,727 Due in more than 10 years 85,638,077 83,900,556 Mortgage-backed securities 40,359,878 36,157,571 Redeemable preferred stock 250,000 260,000 Total $ 390,884,441 $ 381,535,986
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 December 31, 2023 and 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 At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 1,000 $ 249,877 $ - $ - $ 1,000 $ 249,877 Obligations of states and political subdivisions - - 4,542 451,985 4,542 451,985 Corporate securities including public utilities - - 2,740 221,334 2,740 221,334 Total unrealized losses $ 1,000 $ 249,877 $ 7,282 $ 673,319 $ 8,282 $ 923,196 At December 31, 2022 Obligations of states and political subdivisions $ 11,891 $ 760,255 $ 3,469 $ 58,072 $ 15,360 $ 818,327 Corporate securities including public utilities 3,016 198,755 - - 3,016 198,755 Total unrealized losses $ 14,907 $ 959,010 $ 3,469 $ 58,072 $ 18,376 $ 1,017,082
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 681,860 $ 683,293 Due in 2-5 years 462,189 457,618 Due in 5-10 years 147,422 147,121 Due in more than 10 years 568,724 565,828 Total $ 1,860,195 $ 1,853,860
Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	Restricted assets as of December 31, 2023 are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2023: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 932,737 $ 1,433 $ (1,000 ) $ 933,170 Obligations of states and political subdivisions 652,770 305 (4,542 ) 648,533 Corporate securities including public utilities 274,688 209 (2,740 ) 272,157 Total fixed maturity securities available for sale $ 1,860,195 $ 1,947 $ (8,282 ) $ 1,853,860 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 6,516,044 $ 1,117,155 $ (247,996 ) $ 7,385,203 Total equity securities at estimated fair value $ 6,516,044 $ 1,117,155 $ (247,996 ) $ 7,385,203 Mortgage loans held for investment at amortized cost: Residential construction $ 676,572 Less: Allowance for credit losses (1,353 ) Total mortgage loans held for investment $ 675,219 Cash and cash equivalents (1) $ 10,114,694 Total restricted assets $ 20,028,976 (1) Including cash and cash equivalents of $ 6,930,933 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Restricted assets as of December 31, 2022 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: Obligations of states and political subdivisions $ 1,033,047 $ 866 $ (15,360 ) $ 1,018,553 Corporate securities including public utilities 201,771 - (3,016 ) 198,755 Total fixed maturity securities available for sale $ 1,234,818 $ 866 $ (18,376 ) $ 1,217,308 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Total equity securities at estimated fair value $ 4,955,360 $ 703,049 $ (310,165 ) $ 5,348,244 Mortgage loans held for investment at amortized cost: Residential construction $ 1,731,469 Cash and cash equivalents (1) $ 10,638,034 Total restricted assets $ 18,935,055 (1) Including cash and cash equivalents of $ 8,527,620
Cemetery Perpectual Care Oblication [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The components of the cemetery perpetual care investments and obligation as of December 31, 2023 are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2023 : Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 477,797 $ 302 $ (574 ) $ 477,525 Obligations of states and political subdivisions 115,792 - (5,114 ) 110,678 Corporate securities including public utilities 53,672 - (171 ) 53,501 Total fixed maturity securities available for sale $ 647,261 $ 302 $ (5,859 ) $ 641,704 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,614,392 $ 859,680 $ (146,771 ) $ 4,327,301 Total equity securities at estimated fair value $ 3,614,392 $ 859,680 $ (146,771 ) $ 4,327,301 Mortgage loans held for investment at amortized cost: Residential construction $ 247,360 Less: Allowance for credit losses (495 ) Total mortgage loans held for investment $ 246,865 Cash and cash equivalents $ 2,867,047 Total cemetery perpetual care trust investments $ 8,082,917 Cemetery perpetual care obligation $ (5,326,196 ) Trust investments in excess of trust obligations $ 2,756,721 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets The components of the cemetery perpetual care investments and obligation as of December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2022: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 89,004 $ 42 $ (38 ) $ 89,008 Obligations of states and political subdivisions 174,201 - (8,478 ) 165,723 Total fixed maturity securities available for sale $ 263,205 $ 42 $ (8,516 ) $ 254,731 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Total equity securities at estimated fair value $ 3,195,942 $ 584,383 $ (175,163 ) $ 3,605,162 Mortgage loans held for investment at amortized cost: $ 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 December 31, 2023 and 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 At December 31, 2023 U.S. Treasury securities and obligations of U.S. Government agencies $ 574 $ 143,448 $ - $ - $ 574 $ 143,448 Obligations of states and political subdivisions - - 5,114 110,678 5,114 110,678 Corporate securities including public utilities - - 171 53,501 171 53,501 Total unrealized losses $ 574 $ 143,448 $ 5,285 $ 164,179 $ 5,859 $ 307,627 At December 31, 2022 U.S. Treasury securities and obligations of U.S. Government agencies $ 38 $ 59,392 $ - $ - $ 38 $ 59,392 Obligations of states and political subdivisions 1,845 94,612 6,633 71,112 8,478 165,724 Total unrealized losses $ 1,883 $ 154,004 $ 6,633 $ 71,112 $ 8,516 $ 225,116
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of December 31, 2023, by contractual maturity. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Cost Value Due in 1 year $ 333,775 $ 334,077 Due in 2-5 years 259,814 254,126 Due in 5-10 years - - Due in more than 10 years 53,672 53,501 Total $ 647,261 $ 641,704

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Summary of Income Tax Liability	The Company’s income tax liability is summarized as follows: Summary of Income Tax Liability 2023 2022 December 31, 2023 2022 Current $ 246,437 $ 16,352,190 Deferred 13,506,544 14,358,337 Total $ 13,752,981 $ 30,710,527
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are approximately as follows: Schedule of Deferred Tax Assets and Liabilities 2023 2022 December 31, 2023 2022 Assets Future policy benefits $ 14,902,816 $ 14,605,453 Loan loss reserve 142,281 448,673 Unearned premium 534,203 582,459 Net operating loss 1,050,770 237,855 Deferred compensation 2,138,385 2,166,593 Tax on unrealized appreciation 491,271 2,590,726 Other 917,335 601,335 Less: Valuation allowance - (1,506,144 ) Total deferred tax assets 20,177,061 19,726,950 Liabilities Deferred policy acquisition costs 18,478,562 17,511,778 Basis difference in property, equipment and real estate 11,054,092 11,959,391 Value of business acquired 1,778,199 2,058,785 Deferred gains 1,308,365 1,490,946 Trusts 1,064,387 1,064,387 Total deferred tax liabilities 33,683,605 34,085,287 Net deferred tax liability $ 13,506,544 $ 14,358,337
Schedule of Components of Income Tax Expense (Benefit)	The Company’s income tax expense is summarized as follows: Schedule of Components of Income Tax Expense (Benefit) 2023 2022 December 31, 2023 2022 Current Federal $ 4,091,306 $ 15,346,331 State 209,537 3,294,234 Total Current Income Tax Expense (Benefit) 4,300,843 18,640,565 Deferred Federal (2,139,124 ) (7,400,620 ) State (356,365 ) (2,553,385 ) Total Deferred Income Tax Expense (Benefit) (2,495,489 ) (9,954,005 ) Total $ 1,805,354 $ 8,686,560
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of income tax expense at the U.S. federal statutory rates is as follows: Schedule of Effective Income Tax Rate Reconciliation 2023 2022 December 31, 2023 2022 Computed expense at statutory rate $ 3,423,086 $ 7,219,141 State tax expense (benefit), net of federal tax benefit (115,994 ) 585,269 Change in valuation allowance (1,506,144 ) 623,609 Other, net 4,406 258,541 Income tax expense $ 1,805,354 $ 8,686,560
Summary of Operating Loss Carryforwards	Summary of Operating Loss Carryforwards Net Operating Losses and Tax Credit Carryforwards: Year of Expiration 2024 $ - 2025 - 2026 - 2027 - 2028 - Thereafter up through 2038 903,042 Indefinite carryforwards 2,396,389 $ 3,299,431

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Summary of Activities in Shares of Capital Stock	The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock Class A Class C Outstanding shares at December 31, 2021 17,642,722 2,866,565 Exercise of stock options 109,587 - 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 December 31, 2022 18,758,031 2,889,859 Common stock, shares, outstanding, beginning 18,758,031 2,889,859 Exercise of stock options 279,177 - Vesting of restricted stock units 1,215 - Stock dividends 949,980 141,594 Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at December 31, 2023 20,048,002 2,971,854 Common stock, shares, outstanding, ending 20,048,002 2,971,854
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 Years Ended December 31, 2023 2022 Numerator: Net earnings $ 14,495,058 $ 25,690,302 Denominator: Denominator for basic earnings per share-weighted-average shares 22,083,772 22,187,410 Effect of dilutive securities Employee stock options 594,196 848,323 Unvested restricted stock units - 395 Dilutive potential common shares 594,196 848,718 Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions 22,677,968 23,036,128 Basic earnings per share $ 0.66 $ 1.16 Diluted earnings per share $ 0.64 $ 1.12

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Assumptions Used	The following table summarizes the assumptions used in estimating the fair value of each stock option granted along with the weighted-average fair value of the stock options granted. Schedule of Assumptions Used Assumptions Grant Date Plan Weighted-Average Fair Value of Each Option Expected Dividend Yield (1) Underlying stock FMV Weighted-Average Volatility Weighted-Average Risk-Free Interest Rate Weighted-Average Expected Life (years) December 1, 2023 All Plans $ 1.88 5 % $ 7.99 36.76 % 4.14 % 4.9 January 30, 2023 All Plans $ 1.65 5 % $ 7.10 36.73 % 3.64 % 5.31 January 18, 2023 All Plans $ 1.70 5 % $ 7.37 36.79 % 3.40 % 5.31 December 2, 2022 All Plans $ 1.48 5 % $ 6.48 37.03 % 3.69 % 4.88 (1) Stock dividend
Schedule of Activity of Stock Option Plans	Activity of the stock option plans is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding at January 1, 2022 1,024,351 $ 4.38 821,146 $ 5.26 Adjustment for the effect of stock dividends 47,780 41,057 Granted 82,500 295,000 Exercised (176,435 ) - Cancelled (1,591 ) - Outstanding at December 31, 2022 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 106,500 305,000 Exercised (286,965 ) - Cancelled (836 ) - Outstanding at December 31, 2023 833,570 $ 5.22 1,520,062 $ 5.86 Exercisable at end of year 739,070 $ 4.87 1,215,062 $ 5.31 Available options for future grant 92,820 529,750 Weighted average contractual term of options outstanding at December 31, 2023 5.25 6.50 Weighted average contractual term of options exercisable at December 31, 2023 4.66 5.90 Aggregated intrinsic value of options outstanding at December 31, 2023 (1) $ 3,149,704 $ 4,765,559 Aggregated intrinsic value of options exercisable at December 31, 2023 (1) $ 3,049,987 $ 4,483,509 (1) The Company used a stock price of $ 9.00
Schedule of Activity Restricted Stock Units	Activity of the RSUs is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Average Grant Date Fair Value Non-vested at December 31, 2022 1,620 $ 6.48 Granted 1,840 Vested (1,215 ) Non-vested at December 31, 2023 2,245 $ 7.72 Available RSUs for future grant 16,540

Statutory Financial Informati_2

Statutory Financial Information and Dividend Limitations (Tables)	12 Months Ended
	Dec. 31, 2023
Statutory Financial Information And Dividend Limitations
Schedule of Statutory Accounting Practices	Statutory net income and capital and surplus of the Company’s insurance subsidiaries, determined in accordance with statutory accounting practices prescribed or permitted by insurance regulatory authorities are as follows: Schedule of Statutory Accounting Practices Statutory Net Income Statutory Capital and Surplus Years Ended December 31, December 31, 2023 2022 2023 2022 Amounts by insurance subsidiary: Security National Life Insurance Company $ 7,419,511 $ 9,126,955 $ 76,330,794 $ 66,753,938 Kilpatrick Life Insurance Company 2,967,779 2,373,682 20,535,591 17,300,717 First Guaranty Insurance Company 958,497 1,007,026 8,427,355 8,107,405 Southern Security Life Insurance Company, Inc. 35 (2,691 ) 1,578,322 1,579,971 Trans-Western Life Insurance Company 15 4,008 512,570 512,555 Total $ 11,345,837 $ 12,508,980 $ 107,384,632 $ 94,254,586

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenues and Expenses by Reportable Segment	Schedule of Revenues and Expenses by Reportable Segment Insurance Mortuary Mortgage Eliminations Consolidated Year Ended December 31, 2023 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 114,735,304 $ 27,864,811 $ 98,071,104 - $ 240,671,219 Net investment income 67,811,926 2,951,577 1,579,544 - 72,343,047 Gains (losses) on investments and other assets 962,824 717,312 157,206 - 1,837,342 Other revenues 1,666,020 404,256 1,575,606 - 3,645,882 Intersegment revenues: Net investment income 8,203,306 340,001 531,406 (9,074,713 ) - Total revenues 193,379,380 32,277,957 101,914,866 (9,074,713 ) 318,497,490 Expenses: Death, surrenders and other policy benefits 66,002,863 - - - 66,002,863 Increase in future policy benefits 34,008,997 - - - 34,008,997 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 17,485,699 538,639 - - 18,024,338 Selling, general and administrative expenses: Commissions 3,963,185 1,777,071 34,189,300 - 39,929,556 Personnel 26,769,211 9,722,659 46,649,889 - 83,141,759 Advertising 638,071 663,113 2,409,261 - 3,710,445 Rent and rent related 414,564 159,877 6,282,696 - 6,857,137 Depreciation on property and equipment 880,116 812,641 658,904 - 2,351,661 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 6,440,439 - 6,440,439 Intersegment 310,689 143,652 1,930,370 (2,384,711 ) - Other 12,991,888 4,961,320 14,105,648 - 32,058,856 Interest expense: Intersegment 560,718 247,664 5,881,620 (6,690,002 ) - Other 4,081,348 955 783,024 - 4,865,327 Costs of goods and services sold-mortuaries and cemeteries - 4,805,700 - - 4,805,700 Total benefits and expenses 168,107,349 23,833,291 119,331,151 (9,074,713 ) 302,197,078 Earnings (loss) before income taxes $ 25,272,031 $ 8,444,666 $ (17,416,285 ) $ - $ 16,300,412 Income tax benefit (expense) (3,655,148 ) (2,131,289 ) 3,981,083 - (1,805,354 ) Net earnings (loss) $ 21,616,883 $ 6,313,377 $ (13,435,202 ) $ - $ 14,495,058 Identifiable assets $ 1,325,287,933 $ 95,059,724 $ 97,018,754 $ (93,063,440 ) $ 1,424,302,971 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 15) Business Segment Information Insurance Mortuary Mortgage Eliminations Consolidated Year Ended December 31, 2022 Life Cemetery/ Intercompany Insurance Mortuary Mortgage Eliminations Consolidated Revenues: From external sources: Revenue from customers $ 105,144,646 $ 26,993,855 $ 173,356,675 - $ 305,495,176 Net investment income 62,565,021 2,444,599 1,187,972 - 66,197,592 Gains (losses) on investments and other assets (459,462 ) (796,096 ) 398,098 - (857,460 ) Other revenues 1,932,402 305,073 16,579,545 - 18,817,020 Intersegment revenues: Net investment income 6,601,132 451,139 356,574 (7,408,845 ) - Total revenues 175,783,739 29,398,570 191,878,864 (7,408,845 ) 389,652,328 Expenses: Death, surrenders and other policy benefits 64,066,432 - - - 64,066,432 Increase in future policy benefits 28,858,969 - - - 28,858,969 Amortization of deferred policy and pre-need acquisition costs and value of business acquired 17,352,803 597,399 - - 17,950,202 Selling, general and administrative expenses: Commissions 4,097,680 1,372,200 57,851,212 - 63,321,092 Personnel 26,285,207 9,305,429 64,520,887 - 100,111,523 Advertising 1,649,273 628,114 3,420,611 - 5,697,998 Rent and rent related 384,908 163,182 6,334,923 - 6,883,013 Depreciation on property and equipment 1,036,521 759,415 700,970 - 2,496,906 Provision for loan loss reserve - - - - - Cost related to funding mortgage loans - - 7,540,041 - 7,540,041 Intersegment 232,915 160,690 1,795,507 (2,189,112 ) - Other 13,190,827 5,321,730 27,285,196 - 45,797,753 Interest expense: Intersegment 462,753 274,911 4,482,069 (5,219,733 ) - Other 3,969,905 710 3,859,828 - 7,830,443 Costs of goods and services sold-mortuaries and cemeteries - 4,721,094 - - 4,721,094 Total benefits and expenses 161,588,193 23,304,874 177,791,244 (7,408,845 ) 355,275,466 Earnings before income taxes $ 14,195,546 $ 6,093,696 $ 14,087,620 $ - $ 34,376,862 Income tax expense (4,034,979 ) (1,523,954 ) (3,127,627 ) - (8,686,560 ) Net earnings $ 10,160,567 $ 4,569,742 $ 10,959,993 $ - $ 25,690,302 Identifiable assets $ 1,246,840,586 $ 82,320,929 $ 219,872,163 $ (93,174,569 ) $ 1,455,859,109 Goodwill $ 2,765,570 $ 2,488,213 $ - $ - $ 5,253,783

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the consolidated balance sheet as of December 31, 2023. Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis Total Quoted Prices in Active Markets for Identical Assets Significant Observable Inputs Significant Unobservable Inputs Assets accounted for at fair value on a Fixed maturity securities available for sale $ 381,535,986 $ - $ 380,297,330 $ 1,238,656 Equity securities 13,636,071 13,636,071 - - Loans held for sale 126,549,190 - - 126,549,190 Restricted assets (1) 1,853,860 - 1,853,860 - Restricted assets (2) 7,385,203 7,385,203 - - Cemetery perpetual care trust investments (1) 641,704 - 641,704 - Cemetery perpetual care trust investments (2) 4,327,301 4,327,301 - - Derivatives - loan commitments (3) 4,995,486 - - 4,995,486 Total assets accounted for at fair value on a $ 540,924,801 $ 25,348,575 $ 382,792,894 $ 132,783,332 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) $ (3,412,224 ) $ - $ - $ (3,412,224 ) Total liabilities accounted for at fair value $ (3,412,224 ) $ - $ - $ (3,412,224 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the 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 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 $ 513,235,939 $ 20,635,932 $ 345,895,012 $ 146,704,995 Liabilities accounted for at fair value on a 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 $ (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 December 31, 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 12/31/2023 Technique Input(s) Value Value Average Loans held for sale $ 126,549,190 Market approach Investor contract pricing as a percentage of unpaid principal balance 70.0 % 121.0 % 100.0 % Derivatives - loan commitments (net) 1,583,262 Market approach Pull-through rate 70.0 % 99.0 % 86.0 % Initial-Value N/A N/A N/A Servicing 0 bps 119 bps 49 bps Fixed maturity securities available for sale 1,238,656 Broker quotes Pricing quotes $ 98.40 $ 102.46 $ 99.86 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Significant Range of Inputs Fair Value at Valuation Unobservable Minimum Maximum Weighted 12/31/2022 Technique Input(s) Value Value Average Loans held for sale $ 141,179,620 Market approach Investor contract pricing as a percentage of unpaid principal balance 69.9 % 106.1 % 99.8 % Derivatives - loan commitments (net) 2,706,877 Market approach Pull-through rate 65.0 % 95.0 % 82.2 % Initial-Value N/A N/A N/A Servicing 0 bps 153 bps 73 bps Fixed maturity securities available for sale 1,435,519 Broker quotes Pricing quotes $ 100.00 $ 111.11 $ 104.97
Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs	The following table is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations/purchases - 2,173,080,584 - Sales, maturities and paydowns - (2,224,454,040 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (1,123,615 )(1) 39,760,652 (1) (108 )(2) Included in other comprehensive income - - (67,234 ) Balance - December 31, 2023 $ 1,583,262 $ 126,549,190 $ 1,238,656 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings The following table is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs: Net Derivatives Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2021 $ 7,015,515 $ 302,776,827 $ 2,023,348 Originations/purchases - 3,373,554,484 - Sales, maturities and paydowns - (3,549,405,402 ) (528,980 ) Transfer to mortgage loans held for investment - (51,691,213 ) - Total gains (losses): Included in earnings (4,308,638 )(1) 65,944,924 1,957 Included in other comprehensive income - - (60,806 ) Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 (1) As a component of mortgage fee income on the consolidated statements of earnings (2) As a component of net investment income on the consolidated statements of earnings
Schedule of Fair Value Assets Measured on a Nonrecurring Basis	The following 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 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 Impaired mortgage loans held for investment $ 794,224 $ - $ - $ 794,224 Total assets accounted for at fair value on $ 794,224 $ - $ - $ 794,224
Schedule of Financial Instruments Carried at Other Than Fair Value	The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2023: Schedule of Financial Instruments Carried at Other Than Fair Value Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 99,519,750 $ - $ - $ 96,998,106 $ 96,998,106 Residential construction 103,529,896 - - 103,529,896 103,529,896 Commercial 72,567,191 - - 72,149,530 72,149,530 Mortgage loans held for investment, net $ 275,616,837 $ - $ - $ 272,677,532 $ 272,677,532 Policy loans 13,264,183 - - 13,264,183 13,264,183 Insurance assignments, net (1) 44,051,486 - - 44,051,486 44,051,486 Restricted assets (2) 675,219 - - 675,219 675,219 Cemetery perpetual care trust investments (2) 246,865 - - 246,865 246,865 Mortgage servicing rights, net 3,461,146 - - 4,543,657 4,543,657 Liabilities Bank and other loans payable $ (105,555,137 ) $ - $ - $ (105,555,137 ) $ (105,555,137 ) Policyholder account balances (3) (39,245,123 ) - - (48,920,691 ) (48,920,691 ) Future policy benefits - annuities (3) (106,285,010 ) - - (102,177,585 ) (102,177,585 ) (1) Included in other investments and policy loans on the consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements Years Ended December 31, 2023 and 2022 17) 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

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income	The following summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2023 2022 December 31 2023 2022 Unrealized gains (losses) on fixed maturity securities available for sale $ 7,853,398 $ (39,493,861 ) Amounts reclassified into net earnings (39,074 ) 162,173 Net unrealized gains (losses) before taxes 7,814,324 (39,331,688 ) Tax benefit (expense) (1,640,186 ) 8,259,656 Net 6,174,138 (31,072,032 ) Unrealized gains (losses) on restricted assets (1) 11,175 (71,035 ) Tax benefit (expense) (2,784 ) 17,695 Net 8,391 (53,340 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) 2,917 (20,446 ) Tax benefit (expense) (727 ) 5,093 Net 2,190 (15,353 ) Other comprehensive income (loss) changes $ 6,184,719 $ (31,140,725 ) (1) Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income	The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2023: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2022 Change for the period Ending Balance Unrealized gains (losses) on fixed maturity securities $ (13,050,767 ) $ 6,174,138 $ (6,876,629 ) Unrealized gains (losses) on restricted assets (1) (13,148 ) 8,391 (4,757 ) Unrealized gains (losses) on cemetery perpetual (6,362 ) 2,190 (4,172 ) Other comprehensive income (loss) $ (13,070,277 ) $ 6,184,719 $ (6,885,558 ) (1) Fixed maturity securities available for sale The following is the accumulated balances of other comprehensive income (loss) as of December 31, 2022: Beginning Balance December 31, 2021 Change for the period Ending Balance Unrealized gains (losses) on fixed maturity securities $ 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 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

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table shows the fair value and notional amounts of derivative instruments. Schedule of Derivative Assets at Fair Value December 31, 2023 December 31, 2022 Balance Sheet Location Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives not designated as hedging instruments: Loan commitments Other assets and Other liabilities $ 161,832,250 $ 4,995,486 $ 3,412,224 $ 453,371,808 $ 4,089,856 $ 1,382,979 Call options Other liabilities - — - 868,600 — 29,715 Put options Other liabilities - — - 654,500 — 13,888 Total $ 161,832,250 $ 4,995,486 $ 3,412,224 $ 454,894,908 $ 4,089,856 $ 1,426,582
Schedule of Gains and Losses on Derivatives	The following table presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Years ended December 31, Derivative Classification 2023 2022 Loan commitments Mortgage fee income $ (1,123,615 ) $ (4,308,638 ) Call and put options Gains on investments and other assets $ 49,963 $ 202,886

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Mortgage Servicing Rights	The following table presents the MSR activity. Schedule of Mortgage Servicing Rights 2023 2022 December 31, 2023 2022 Amortized cost: Balance before valuation allowance at beginning of year $ 3,039,765 $ 53,060,455 MSR additions resulting from loan sales 1,009,312 10,243,922 Amortization (1) (587,931 ) (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 year end $ 3,461,146 $ 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 year end $ - $ - Mortgage servicing rights, net $ 3,461,146 $ 3,039,765 Estimated fair value of MSRs at year end $ 4,543,657 $ 3,927,877 (1) Included in other expenses on the 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 December 31, 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 2024 $ 390,131 2025 342,170 2026 306,597 2027 271,773 2028 242,596 Thereafter 1,907,879 Total $ 3,461,146
Schedule of Other Revenues	The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the consolidated statements of earnings. Schedule of Other Revenues 2023 2022 Years Ended December 31, 2023 2022 Contractual servicing fees $ 1,144,540 $ 15,792,105 Late fees 97,300 398,754 Total $ 1,241,840 $ 16,190,859
Summary of Unpaid Principal Balances of the Servicing Portfolio	The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio December 31, 2023 2022 Servicing UPB $ 414,147,436 $ 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 December 31, 2023 9.70 7.79 11.85 December 31, 2022 8.12 8.49 11.95

Future Policy Benefits and Un_2

Future Policy Benefits and Unpaid Claims (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Schedule of Liability for Future Policy Benefits, by Product Segment	The following table provides information regarding future policy benefits and unpaid claims and the related receivable from reinsurers. Schedule of Liability for Future Policy Benefits, by Product Segment December 31, 2023 2022 Life $ 756,936,902 $ 726,462,594 Annuities 106,285,010 106,637,094 Policyholder account balances 39,245,123 41,146,171 Accident and health 572,689 603,526 Other policyholder funds 4,411,108 4,279,218 Reported but unpaid claims 3,525,774 5,651,030 Incurred but not reported claims 5,062,010 4,547,670 Gross future policy benefits and unpaid claims $ 916,038,616 $ 889,327,303 Receivable from reinsurers Life 10,478,863 10,600,613 Annuities 4,238,934 4,225,873 Accident and health 77,917 79,467 Reported but unpaid claims 48,345 110,985 Incurred but not reported claims 13,000 17,000 Total receivable from reinsurers 14,857,059 15,033,938 Net future policy benefits and unpaid claims $ 901,181,557 $ 874,293,365 Net unpaid claims $ 8,526,439 $ 10,070,715
Summary of Liability for Reported but Unpaid Claims and Incurred but not Reported Claims	The following table provides a roll forward of the Company’s liability for reported but unpaid claims and incurred but not reported claims, net of the related receivable from reinsurers. Summary of Liability for Reported but Unpaid Claims and Incurred but not Reported Claims Life Annuities Accident and Health Total Balance at 12/31/2021 $ 8,015,101 $ 678,378 $ 104,504 $ 8,797,983 Incurred 59,377,962 (1) 13,987,576 (2) 40,744 (3) 73,406,282 Settled (57,988,800 ) (14,016,502 ) (128,248 ) (72,133,550 ) Balance at 12/31/2022 9,404,263 649,452 17,000 10,070,715 Incurred 61,390,517 (1) 12,669,463 (2) 30,408 (3) 74,090,388 Settled (62,665,619 ) (12,939,637 ) (29,408 ) (75,634,664 ) Balance at 12/31/2023 $ 8,129,161 $ 379,278 $ 18,000 $ 8,526,439 (1) See death benefits on the consolidated statements of earnings (2) Included in increase in future benefits on the consolidated statements of earnings (3) Included in surrender and other policy benefits on the consolidated statements of earnings

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities	The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2023) $ 5,392,779 $ - $ 16,226,836 Closing (12/31/2023) 6,321,573 - 18,237,246 Increase/(decrease) 928,794 - 2,010,410 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (1/1/2022) $ 5,298,636 $ - $ 14,508,022 Closing (12/31/2022) 5,392,779 - 16,226,836 Increase/(decrease) 94,143 - 1,718,814 (1) Included in Receivables, net on the consolidated balance sheets
Schedule of Opening and Closing Balances of the Assets and Liabilities	The following table disaggregates the opening and closing balances of the Company’s contract balances. Schedule of Opening and Closing Balances of the Assets and Liabilities Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 15,289,901 At-need specialty merchandise - 936,935 Pre-need land sales - - Opening (1/1/2023) $ - $ 16,226,836 Pre-need merchandise and services $ - $ 17,424,764 At-need specialty merchandise - 812,482 Pre-need land sales - - Closing (12/31/2023) $ - $ 18,237,246 Contract Balances Contract Asset Contract Liability Pre-need merchandise and services $ - $ 13,722,348 At-need specialty merchandise - 785,674 Pre-need land sales - - Opening (1/1/2022) $ - $ 14,508,022 Pre-need merchandise and services $ - $ 15,289,901 At-need specialty merchandise - 936,935 Pre-need land sales - - Closing (12/31/2022) $ - $ 16,226,836
Schedule of Revenues of the Cemetery and Mortuary Contracts	The following table disaggregates revenue for the Company’s cemetery and mortuary contracts. Schedule of Revenues of the Cemetery and Mortuary Contracts 2023 2022 Years Ended December 31 2023 2022 Major goods/service lines At-need $ 19,957,735 $ 21,283,237 Pre-need 7,907,076 5,710,618 Net mortuary and cemetery sales $ 27,864,811 $ 26,993,855 Timing of Revenue Recognition Goods transferred at a point in time $ 17,560,899 $ 16,412,963 Services transferred at a point in time 10,303,912 10,580,892 Net mortuary and cemetery sales $ 27,864,811 $ 26,993,855
Schedule of Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information	The following table disaggregates contract costs that are included in the deferred policy and pre-need contract acquisition costs on the consolidated balances sheets. Schedule of Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information 2023 2022 Years Ended December 31 2023 2022 Pre-need merchandise and services $ 3,951,267 $ 3,780,173 At-need specialty merchandise 23,090 35,371 Pre-need land sales - - Deferred policy and pre-need contract acquisition costs $ 3,974,357 $ 3,815,544

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
Schedule of Lease Cost Recognized in Earnings	Schedule of Lease Cost Recognized in Earnings 2023 2022 Years Ended December 31 2023 2022 Lease Cost Finance lease cost: Amortization of right-of-use assets ( 1 $ 25,573 $ 30,163 Interest on lease liabilities ( 2 1,713 2,773 Operating lease cost ( 3 3,914,954 4,498,894 Short-term lease cost (3)(4) 1,874,556 1,135,003 Sublease income ( 3 (323,272 ) (209,455 ) Total lease cost $ 5,493,524 $ 5,457,378 Other Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,007,919 $ 4,250,630 Operating cash flows from finance leases 1,713 2,773 Financing cash flows from finance leases 27,868 31,685 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 160,348 $ 2,054,534 Finance leases 12,332 - Weighted-average remaining lease term (in years) Finance leases 3.29 1.25 Operating leases 2.88 3.46 Weighted-average discount rate Finance leases 6.81 % 5.78 % Operating leases 4.54 % 4.50 % (1) Included in Depreciation on property and equipment on the consolidated statements of earnings (2) Included in Interest expense on the consolidated statements of earnings (3) Included in Rent and rent related expenses on the consolidated statements of earnings (4) Includes leases with a term of 12 months or less
Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases	The following table presents the maturity analysis of the Company’s lease liabilities. Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases Finance Leases Operating Leases Lease payments due in: 2024 $ 7,187 $ 3,187,826 2025 3,525 2,073,045 2026 2,833 1,443,598 2027 2,833 340,112 2028 1,181 128,854 Thereafter - 195,695 Total undiscounted lease payments 17,559 7,369,130 Less: Discount on cash flows (2,009 ) (480,588 ) Present value of lease liabilities $ 15,550 $ 6,888,542
Schedule of Right-of-Use Assets and Lease Liabilities	The following table presents the Company’s right-of-use assets and lease liabilities. Schedule of Right-of-Use Assets and Lease Liabilities Year Ended December 31, Balance Sheet Location 2023 2022 Operating Leases Right-of-use assets Other assets $ 6,374,336 $ 9,987,699 Right-of-use assets Other assets $ 6,374,336 $ 9,987,699 Lease liabilities Other liabilities and accrued expenses $ 6,888,542 $ 10,596,471 Lease liabilities Other liabilities and accrued expenses $ 6,888,542 $ 10,596,471 Finance Leases Right-of-use assets $ 130,367 $ 228,221 Accumulated amortization (115,565 ) (200,178 ) Right-of-use assets, net Property and equipment, net $ 14,802 $ 28,043 Right-of-use assets, net Property and equipment, net $ 14,802 $ 28,043 Lease liabilities Bank and other loans payable $ 15,550 $ 31,082 Lease liabilities Bank and other loans payable $ 15,551 $ 31,082

Schedule of Increased (Decrease

Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU (Details) - USD ($)			12 Months Ended
		Jan. 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Allowances for credit losses increase (decrease)	[1]		$ (110,935)	$ 799,888
Accounting Standards Update 2016-13 [Member]
Allowances for credit losses increase (decrease)		$ 671,506
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member]
Allowances for credit losses increase (decrease)		665,030
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Mortgage [Member]
Allowances for credit losses increase (decrease)		(192,607)
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Construction [Member]
Allowances for credit losses increase (decrease)		301,830
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Commercial [Member]
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]
Allowances for credit losses increase (decrease)		3,463
Accounting Standards Update 2016-13 [Member] | Cemetery Perpetual Care Trust Investments Mortgage Loans Held For Investment [Member] | Residential Construction [Member]
Allowances for credit losses increase (decrease)		$ 3,013
[1]Included in other expenses on the condensed consolidated statements of earnings

Significant Accounting Polici_4

Significant Accounting Policies (Details Narrative) - USD ($)		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Remaining outstanding principal balance percentage		0.25%
Participating business		2%	2%
Diversification of business		$ 100,000
Concentration risk percentage		100%
Accounting Standards Update 2016-13 [Member]
Property, Plant and Equipment [Line Items]
Decrease in retained earnings	$ 671,506
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives		3 years
Debt instrument interest rate effective percentage		4%
Participating policy percentage of premium income		3%
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives		40 years
Debt instrument interest rate effective percentage		10%
Participating policy percentage of premium income		6.50%
MSRs Class One [Member]
Property, Plant and Equipment [Line Items]
Debt instrument term		30 years
MSRs Class Two [Member]
Property, Plant and Equipment [Line Items]
Debt instrument term		15 years

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 390,884,441		$ 362,750,511
Available for sale securities, unrecognized holding gain	4,550,214		2,282,842
Available for sale securities, unrecognized holding loss	(13,584,120)	[1]	(19,174,861)
Available for sale securities, allowance for credit losses	(314,549)
Available for sale securities, estimated fair value	381,535,986		345,858,492
Available-for-sale securities, amortized cost basis	10,571,505		9,942,265
Available-for-sale securities, gross unrealized gain	13,636,071		11,682,526
Mortgage loans on real estate and construction	281,382,873
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,623,226)		(1,746,605)
Mortgage loans on real estate and construction, allowance for losses	(3,818,653)		(1,970,311)		$ (1,699,902)
Mortgage loans on real estate and construction, discount	(324,157)		(342,860)
Mortgage loans on real estate and construction	275,616,837		308,123,927
Real estate held for investment, net of depreciation	183,419,292		191,328,616
Real estate held for sale	3,028,973		11,161,582
Policy loans	13,264,183		13,095,473
Insurance assignments	45,605,322		46,942,536
Federal home loan bank stock	2,279,800	[2]	2,600,300	[3]
Other investments	9,809,148		9,479,798
Allowance for credit losses	(1,553,836)		(1,609,951)		(1,686,218)
Total policy loans and other investments	69,404,617		70,508,156
Accrued investment income	10,170,790		10,299,826
Total investments	936,812,566		948,963,125
Allowance for doubtful accounts			(1,609,951)
Cash and cash equivalents	139,923,399		133,483,817		141,414,282
Total cemetery perpetual care trust investments	8,082,917		7,276,210
Cemetery perpetual care obligation	5,326,196		5,099,542
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	111,450,753		93,182,210
Available for sale securities, unrecognized holding gain	344,425		180,643
Available for sale securities, unrecognized holding loss	(1,416,448)	[1]	(2,685,277)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	110,378,730		90,677,576
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	6,524,083		6,675,071
Available for sale securities, unrecognized holding gain	500		13,869
Available for sale securities, unrecognized holding loss	(319,260)	[1]	(458,137)
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	6,205,323		6,230,803
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	232,299,727		229,141,544
Available for sale securities, unrecognized holding gain	3,688,642		1,909,630
Available for sale securities, unrecognized holding loss	(7,145,507)	[1]	(11,930,773)
Available for sale securities, allowance for credit losses	(308,500)
Available for sale securities, estimated fair value	228,534,362		219,120,401
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	40,359,878		33,501,686
Available for sale securities, unrecognized holding gain	506,647		168,700
Available for sale securities, unrecognized holding loss	(4,702,905)	[1]	(4,100,674)
Available for sale securities, allowance for credit losses	(6,049)
Available for sale securities, estimated fair value	36,157,571		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	10,571,505		9,942,265
Available for sale securities, unrecognized holding gain	3,504,141		2,688,375
Available for sale securities, unrecognized holding loss	(439,575)	[1]	(948,114)
Available-for-sale securities, gross unrealized gain	13,636,071		11,682,526
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	10,571,505		9,942,265
Available for sale securities, unrecognized holding gain	3,504,141		2,688,375
Available for sale securities, unrecognized holding loss	(439,575)	[1]	(948,114)
Available-for-sale securities, gross unrealized gain	13,636,071		11,682,526
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	103,153,587		93,355,623
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,135,491)		(1,212,994)
Mortgage loans on real estate and construction, allowance for losses	(2,390,894)		(1,739,980)		(1,469,571)
Mortgage loans on real estate and construction, discount	(107,452)		(111,873)
Mortgage loans on real estate and construction	99,519,750		90,290,776
Real estate held for investment, net of depreciation	40,924,865		38,437,960
Real estate held for sale			11,010,029
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	104,052,748		172,516,125
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(314,746)		(333,846)
Mortgage loans on real estate and construction, allowance for losses	(208,106)		(43,202)		$ (43,202)
Mortgage loans on real estate and construction, discount
Mortgage loans on real estate and construction	103,529,896		172,139,077
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	74,176,538		46,311,955
Real estate held for investment, net of depreciation	142,494,427		152,890,656
Real estate held for sale	3,028,973		151,553
Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	647,261		263,205
Available for sale securities, unrecognized holding gain	302		42
Available for sale securities, unrecognized holding loss	(5,859)		(8,516)
Available for sale securities, estimated fair value	641,704		254,731
Cash and cash equivalents	2,867,047		1,925,978
Total cemetery perpetual care trust investments	8,082,917		7,276,210
Cemetery perpetual care obligation	(5,326,196)		(5,099,542)
Trust investments in excess of trust obligations	2,756,721		2,176,668
Cemetery Perpectual Care Obligation [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	477,797		89,004
Available for sale securities, unrecognized holding gain	302		42
Available for sale securities, unrecognized holding loss	(574)		(38)
Available for sale securities, estimated fair value	477,525		89,008
Cemetery Perpectual Care Obligation [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	115,792		174,201
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(5,114)		(8,478)
Available for sale securities, estimated fair value	110,678		165,723
Cemetery Perpectual Care Obligation [Member] | Industrial Miscellaneous and All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,614,392		3,195,942
Available for sale securities, unrecognized holding gain	859,680		584,383
Available for sale securities, unrecognized holding loss	(146,771)		(175,163)
Available-for-sale securities, gross unrealized gain	4,327,301		3,605,162
Cemetery Perpectual Care Obligation [Member] | Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,614,392		3,195,942
Available for sale securities, unrecognized holding gain	859,680		584,383
Available for sale securities, unrecognized holding loss	(146,771)		(175,163)
Available-for-sale securities, gross unrealized gain	4,327,301		3,605,162
Mortgage loans on real estate and construction	246,865
Cemetery Perpectual Care Obligation [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	247,360		1,506,517
Real estate held for investment, net of depreciation			$ 16,178
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 647,261
[1]Gross unrealized losses are net of allowance for credit losses[2]Includes $ 530,900 1,748,900 938,500 1,661,800

Schedule of Investments (Deta_2

Schedule of Investments (Details) (Parenthethical) - USD ($)	Dec. 31, 2023		Dec. 31, 2022
Short term investment	$ 2,279,800	[1]	$ 2,600,300	[2]
Membership [Member]
Short term investment	530,900		938,500
Activity Stock Due [Member]
Short term investment	$ 1,748,900		$ 1,661,800
[1]Includes $ 530,900 1,748,900 938,500 1,661,800

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	$ 599,958	$ 16,883,189
Available for sale securities, fair value	44,674,633	267,774,539
Available for sale securities, unrecognized holding loss	12,984,162	2,291,672
Available for sale securities, fair value	205,910,291	13,189,587
Available for sale securities, unrecognized holding loss	13,584,120	19,174,861
Available for sale securities, fair value	250,584,924	280,964,126
Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	1,000	14,907
Available for sale securities, fair value	249,877	959,010
Available for sale securities, unrecognized holding loss	7,282	3,469
Available for sale securities, fair value	673,319	58,072
Available for sale securities, unrecognized holding loss	8,282	18,376
Available for sale securities, fair value	923,196	1,017,082
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	29,394	2,685,277
Available for sale securities, fair value	9,436,090	79,400,753
Available for sale securities, unrecognized holding loss	1,387,054
Available for sale securities, fair value	70,885,403
Available for sale securities, unrecognized holding loss	1,416,448	2,685,277
Available for sale securities, fair value	80,321,493	79,400,753
US Treasury Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	1,000
Available for sale securities, fair value	249,877
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	1,000
Available for sale securities, fair value	249,877
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	11,105	378,067
Available for sale securities, fair value	470,325	5,467,910
Available for sale securities, unrecognized holding loss	308,155	80,070
Available for sale securities, fair value	5,284,498	429,020
Available for sale securities, unrecognized holding loss	319,260	458,137
Available for sale securities, fair value	5,754,823	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		11,891
Available for sale securities, fair value		760,255
Available for sale securities, unrecognized holding loss	4,542	3,469
Available for sale securities, fair value	451,985	58,072
Available for sale securities, unrecognized holding loss	4,542	15,360
Available for sale securities, fair value	451,985	818,327
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	529,660	10,935,114
Available for sale securities, fair value	32,507,773	162,995,969
Available for sale securities, unrecognized holding loss	6,615,847	995,659
Available for sale securities, fair value	107,556,216	5,781,822
Available for sale securities, unrecognized holding loss	7,145,507	11,930,773
Available for sale securities, fair value	140,063,989	168,777,791
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	29,799	2,884,731
Available for sale securities, fair value	2,260,445	19,909,907
Available for sale securities, unrecognized holding loss	4,673,106	1,215,943
Available for sale securities, fair value	22,184,174	6,978,745
Available for sale securities, unrecognized holding loss	4,702,905	4,100,674
Available for sale securities, fair value	24,444,619	26,888,652
Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	574	1,883
Available for sale securities, fair value	143,448	154,004
Available for sale securities, unrecognized holding loss	5,285	6,633
Available for sale securities, fair value	164,179	71,112
Available for sale securities, unrecognized holding loss	5,859	8,516
Available for sale securities, fair value	307,627	225,116
Cemetery Perpectual Care Obligation [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	574	38
Available for sale securities, fair value	143,448	59,392
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	574	38
Available for sale securities, fair value	143,448	59,392
Cemetery Perpectual Care Obligation [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	5,114	6,633
Available for sale securities, fair value	110,678	71,112
Available for sale securities, unrecognized holding loss	5,114	8,478
Available for sale securities, fair value	110,678	165,724
Cemetery Perpectual Care Obligation [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, fair value	53,501
Available for sale securities, unrecognized holding loss	171
Available for sale securities, fair value	53,501
Cemetery Perpectual Care Oblication [Member] | Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	171
Corporate Debt Securities [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss		3,016
Available for sale securities, fair value		198,755
Available for sale securities, unrecognized holding loss	2,740
Available for sale securities, fair value	221,334
Available for sale securities, unrecognized holding loss	2,740	3,016
Available for sale securities, fair value	$ 221,334	$ 198,755

Schedule of Credit Quality of F

Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Amortized cost	$ 390,884,441	$ 362,750,511
Estimated fair value	381,535,986	345,858,492
National Association of Insurance Commissioners [Member]
Guarantor Obligations [Line Items]
Amortized cost	390,634,441	362,500,511
Estimated fair value	381,275,986	345,598,492
NAIC, Class 1 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	221,933,425	197,753,818
Estimated fair value	216,975,288	189,691,540
NAIC, Class 2 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	161,062,016	156,261,804
Estimated fair value	157,346,803	148,073,873
NAIC, Class 3 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	6,418,829	7,080,305
Estimated fair value	5,953,542	6,635,786
NAIC, Class 4 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	982,290	1,377,541
Estimated fair value	948,478	1,157,454
NAIC, Class 5 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	236,648	25,736
Estimated fair value	51,875	39,155
NAIC, Class 6 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,233	1,307
Estimated fair value		$ 684

Schedule of Allowance for Credi

Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance - December 31, 2022
Additions for credit losses not previously recorded	267,549
Change in allowance on securities with previous allowance	57,764
Reductions for securities sold during the period	(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 - December 31, 2023	314,549
US Treasury Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance - December 31, 2022
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 - December 31, 2023
US States and Political Subdivisions Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance - December 31, 2022
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 - December 31, 2023
Corporate Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance - December 31, 2022
Additions for credit losses not previously recorded	261,500
Change in allowance on securities with previous allowance	57,764
Reductions for securities sold during the period	(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 - December 31, 2023	308,500
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Impairment Effects on Earnings Per Share [Line Items]
Beginning balance - December 31, 2022
Additions for credit losses not previously recorded	6,049
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 - December 31, 2023	$ 6,049

Schedule of Earnings on Fixed M

Schedule of Earnings on Fixed Maturity Securities (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Balance of credit-related OTTI at January 1	$ 264,977
Securities not previously impaired
Securities previously impaired
Securities that matured or were sold during the period (realized)	(39,502)
Securities due to an increase in expected cash flows
Balance of credit-related OTTI at December 31	$ 225,475

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Amortized cost	$ 390,884,441	$ 362,750,511
Estimated fair value	381,535,986	345,858,492
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Marketable Securities [Line Items]
Amortized cost	40,359,878	33,501,686
Estimated fair value	36,157,571	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 Obligation [Member]
Marketable Securities [Line Items]
Amortized cost	647,261	263,205
Estimated fair value	641,704	254,731
Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	1,860,195	1,234,818
Estimated fair value	1,853,860	$ 1,217,308
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost
Estimated fair value
Due in 1 year [Member] | Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Amortized cost	333,775
Estimated fair value	334,077
Due in 1 year [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	681,860
Estimated fair value	683,293
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	168,831,608
Estimated fair value	166,186,132
Due in 2-5 years [Member] | Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Amortized cost	259,814
Estimated fair value	254,126
Due in 2-5 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	462,189
Estimated fair value	457,618
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	95,804,878
Estimated fair value	95,031,727
Due in 5-10 years [Member] | Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Amortized cost
Estimated fair value
Due in 5-10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	147,422
Estimated fair value	147,121
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	85,638,077
Estimated fair value	83,900,556
Due in more than 10 years [Member] | Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Amortized cost	53,672
Estimated fair value	53,501
Due in more than 10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	568,724
Estimated fair value	$ 565,828

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Proceeds from sales	$ 2,557,074	$ 3,091,105
Gross realized gains	11,508	24,281
Gross realized losses	(57,861)	(32,976)
Gross investment income	89,319,209	83,650,926
Investment expenses	(16,976,162)	(17,453,334)
Net investment income	72,343,047	66,197,592
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	16,871,558	12,395,764
Equity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	616,989	511,118
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	33,242,094	34,949,763
Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	14,786,017	14,563,269
Policy Student and Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	816,711	932,362
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	18,118,391	18,112,840
Other Investments [Member]
Marketable Securities [Line Items]
Gross investment income	617,420	518,865
Cash and Cash Equivalents [Member]
Marketable Securities [Line Items]
Gross investment income	$ 4,250,029	$ 1,666,945

Schedule of Assets on Deposit W

Schedule of Assets on Deposit With Life Insurance (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Other investments	$ 69,404,617	$ 70,508,156
Asset Pledged as Collateral [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	93,903,089	93,034,880
Total assets pledged as collateral	93,903,089	93,034,880
Third Party Reinsurance Agreements [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	27,903,952	27,955,297
Cash and cash equivalents	2,101,052	1,866,453
Total assets on deposit	30,005,004	29,821,750
Life Insurance Regulatory Authorities [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	6,206,650	8,817,959
Other investments	400,000
Cash and cash equivalents	1,909,215	2,214,206
Total assets on deposit	$ 8,515,865	$ 11,032,165

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 183,419,292	$ 191,328,616
Real estate held for sale		3,028,973	11,161,582
Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 142,494,427	$ 152,890,656
Total square footage | ft²		627,542	677,392
Real estate held for sale		$ 3,028,973	$ 151,553
Real estate Square footage | ft²		19,694
UTAH | Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	$ 142,475,177	$ 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)		$ 19,250	$ 2,380,847
Total square footage | ft²		1,622	31,778
MISSISSIPPI | Commercial Real Estate 1 [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[2]		$ 2,881,863
Total square footage | ft²	[2]		19,694
Real estate held for sale	[3]	$ 3,028,973	$ 151,553
Real estate Square footage | ft²	[3]	19,694
[1]Includes Center53[2]This property was moved to held for sale[3]Consists of approximately 93 acres of undeveloped land for $ 151,553 2,877,420 250,000

Schedule of Commercial Real E_2

Schedule of Commercial Real Estate Investment (Details) (Parenthetical) - USD ($)	Feb. 29, 2024	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Real Estate, Held-for-Sale		$ 3,028,973	$ 11,161,582
Undeveloped Land [Member]
Marketable Securities [Line Items]
Real Estate, Held-for-Sale		$ 151,553	$ 151,553
Remaining Property [Member] | Subsequent Event [Member]
Marketable Securities [Line Items]
Real Estate, Held-for-Sale	$ 2,877,420
Gain Property [Member] | Subsequent Event [Member]
Marketable Securities [Line Items]
Real Estate, Held-for-Sale	$ 250,000

Schedule of Annual Undiscounted

Schedule of Annual Undiscounted Cash Flows of Operating Lease Payments (Details) - Commercial Real Estate 1 [Member]	Dec. 31, 2023 USD ($)
Marketable Securities [Line Items]
2024	$ 11,816,339
2025	11,843,124
2026	10,695,017
2027	9,198,450
2028	9,009,534
Thereafter	46,371,762
Total	$ 98,934,226

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 183,419,292	$ 191,328,616
Real estate held for sale		3,028,973	11,161,582
Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		40,924,865	38,437,960
Real estate held for sale			11,010,029
UTAH | Land Developments [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		40,739,201	38,241,705
Lots available for sale		42	80
Lots to be developed		1,145	1,131
UTAH | Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	40,924,865	38,437,960
Real estate held for sale			$ 11,010,029	[2]
[1]Includes multiple residential subdivision development projects[2]All sold in 2023

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Dec. 31, 2023 ft²
Mortgage Operations [Member]
Approximate square footage	221,000	[1]
Square footage occupied by the company	50%	[1]
Life Insurance Operations [Member]
Approximate square footage	19,694	[1],[2]
Square footage occupied by the company	28%	[1],[2]
Life Insurance Operations 1 [Member]
Approximate square footage	12,274	[3]
Square footage occupied by the company	100%	[3]
Life Insurance Sales [Member]
Approximate square footage	8,059	[3],[4]
Square footage occupied by the company	100%	[3],[4]
Life Insurance Sales 1 [Member]
Approximate square footage	1,560	[3],[5]
Square footage occupied by the company	100%	[3],[5]
Life Insurance Sales 2 [Member]
Approximate square footage	1,737	[2],[3]
Square footage occupied by the company	100%	[2],[3]
[1]Included in real estate held for investment on the consolidated balance sheets[2]Listed for sale and sold during the first quarter of 2024[3]Included in property and equipment on the consolidated balance sheets[4]Listed for sale and currently under contract[5]Listed for sale

Schedule of Allowance for Loan

Schedule of Allowance for Loan Losses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		$ 1,970,311	$ 1,699,902
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	665,030
Provision for credit losses	[2]	1,183,312	270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		3,818,653	1,970,311
Commercial Loan [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		187,129	187,129
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	555,807
Provision for credit losses	[2]	476,717
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		1,219,653	187,129
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		1,739,980	1,469,571
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	(192,607)
Provision for credit losses	[2]	843,521	270,409
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		2,390,894	1,739,980
Residential Construction [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		43,202	43,202
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13)	[1]	301,830
Provision for credit losses	[2]	(136,926)
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		$ 208,106	$ 43,202
[1]See Note 1 of the notes to the consolidated financial statements[2]Included in other expenses on the consolidated statements of earnings

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Mortgage Loans during period		$ 281,382,873	$ 312,183,703
Mortgage Loans, Allowance for Loan Losses		(3,818,653)	(1,970,311)	$ (1,699,902)
Mortgage Loans, Unamortized deferred loan fees, net		(1,623,226)	(1,746,605)
Mortgage Loans, Unamortized discounts, net		(324,157)	(342,860)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,387,673	4,553,390
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,472,760	814,184
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,885,931	1,286,211
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	2,263,298	1,281,174
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		13,009,662	7,934,959
Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		268,373,211	304,248,744
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		275,616,837	308,123,927
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		74,176,538	46,311,955
Mortgage Loans, Allowance for Loan Losses		(1,219,653)	(187,129)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(172,989)	(199,765)
Mortgage Loans, Unamortized discounts, net		(216,705)	(230,987)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period			1,000,000
Commercial Loan [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Commercial Loan [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	405,000
Commercial Loan [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,241,508	405,000
Commercial Loan [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,646,508	1,405,000
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		72,530,030	44,906,955
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		72,567,191	45,694,074
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		103,153,587	93,355,623
Mortgage Loans, Allowance for Loan Losses		(2,390,894)	(1,739,980)	(1,469,571)
Mortgage Loans, Unamortized deferred loan fees, net		(1,135,491)	(1,212,994)
Mortgage Loans, Unamortized discounts, net		(107,452)	(111,873)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,387,673	3,553,390
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,472,760	814,184
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,480,931	1,286,211
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	1,021,790	876,174
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		11,363,154	6,529,959
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		91,790,433	86,825,664
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		99,519,750	90,290,776
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		104,052,748	172,516,125
Mortgage Loans, Allowance for Loan Losses		(208,106)	(43,202)	$ (43,202)
Mortgage Loans, Unamortized deferred loan fees, net		(314,746)	(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
Residential Construction [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Residential Construction [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]
Residential Construction [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]
Residential Construction [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Residential Construction [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		104,052,748	172,516,125
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		$ 103,529,896	$ 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)	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 281,382,873
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	35,828,880
2022	18,670,968
2021	5,233,248
2020	4,913,313
2019	2,964,740
Prior	6,565,389
Total	$ 74,176,538
% of Total	100%
Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 15,337,828
2022	56,077,503
2021	7,521,995
2020	8,066,897
2019	2,786,562
Prior	13,362,802
Total	$ 103,153,587
% of Total	100%
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 15,337,828
2022	53,875,389
2021	7,156,934
2020	7,453,796
2019	2,786,562
Prior	12,040,357
Total	$ 98,650,866
% of Total	95.63%
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023		[1]
2022	2,202,114	[1]
2021	365,061	[1]
2020	613,101	[1]
2019		[1]
Prior	1,322,445	[1]
Total	$ 4,502,721	[1]
% of Total	4.37%	[1]
Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 15,337,828
2022	56,077,503
2021	7,521,995
2020	8,066,897
2019	2,786,562
Prior	13,362,802
Total	$ 103,153,587
% of Total	100%
Less than 65% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 34,304,954
2022	13,555,737
2021	3,778,248
2020
2019	2,964,740
Prior	6,565,389
Total	$ 61,169,068
% of Total	82.46%
Less than 65% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 3,280,144
2022	7,049,522
2021	1,843,286
2020	1,746,970
2019	446,675
Prior	5,206,095
Total	$ 19,572,692
% of Total	18.97%
65% to 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 1,523,926
2022	5,115,231
2021	1,050,000
2020	4,913,313
2019
Prior
Total	$ 12,602,470
% of Total	16.99%
65% to 80% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 10,962,770
2022	44,371,320
2021	4,269,894
2020	4,222,170
2019	2,339,887
Prior	5,711,440
Total	$ 71,877,481
% of Total	69.68%
Greater than 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022
2021	405,000
2020
2019
Prior
Total	$ 405,000
% of Total	0.55%
Greater than 80% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 1,094,914
2022	4,656,661
2021	1,408,815
2020	2,097,757
2019
Prior	2,445,267
Total	$ 11,703,414
% of Total	11.35%
Greater than 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 20,990,000
2022	1,000,000
2021	700,000
2020	4,913,313
2019	2,964,740
Prior	2,612,625
Total	$ 33,180,678
% of Total	44.73%
1.00x - 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 8,338,880
2022	8,496,127
2021	3,483,248
2020
2019
Prior	3,952,764
Total	$ 24,271,019
% of Total	32.72%
Less than 1.00x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 6,500,000
2022	9,174,841	[2]
2021	1,050,000
2020
2019
Prior
Total	$ 16,724,841
% of Total	22.55%
[1]Includes residential mortgage loans in the process of foreclosure of $ 1,021,790

Schedule of Commercial Mortga_2

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details) (Parenthetical)	Dec. 31, 2023 USD ($)
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Mortgage loans in process of foreclosure, amount	$ 1,021,790

Schedule of Residential Constru

Schedule of Residential Construction Mortgage Loans (Details)	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 281,382,873
Residential Construction Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	60,311,679
2022	16,624,182
2021	27,116,887
Total	$ 104,052,748
% of Total	100%
Residential Construction Mortgage Loans [Member] | Less than 65% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 40,215,360
2022	8,732,500
2021	20,442,302
Total	$ 69,390,162
% of Total	66.69%
Residential Construction Mortgage Loans [Member] | 65% to 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 20,096,319
2022	7,891,682
2021	6,674,585
Total	$ 34,662,586
% of Total	33.31%
Residential Construction Mortgage Loans [Member] | Greater than 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022
2021
Total
% of Total	0%
Performing Financial Instruments [Member] | Residential Construction Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 60,311,679
2022	16,624,182
2021	27,116,887
Total	$ 104,052,748
% of Total	100%
Nonperforming Financial Instruments [Member] | Residential Construction Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023
2022
2021
Total
% of Total	0%

Schedule of Mortgage loans Held

Schedule of Mortgage loans Held for Investment (Details)	Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Total	$ 281,382,873
Principal Amounts Due in 1 Year	130,997,762
Principal Amounts Due in 2-5 Year	43,861,375
Principal Amounts Due Thereafter	106,523,736
Residential Mortgage [Member]
Schedule of Investments [Line Items]
Total	103,153,587
Principal Amounts Due in 1 Year	2,554,380
Principal Amounts Due in 2-5 Year	9,231,545
Principal Amounts Due Thereafter	91,367,662
Residential Construction [Member]
Schedule of Investments [Line Items]
Total	104,052,748
Principal Amounts Due in 1 Year	88,880,893
Principal Amounts Due in 2-5 Year	15,171,855
Principal Amounts Due Thereafter
Commercial [Member]
Schedule of Investments [Line Items]
Total	74,176,538
Principal Amounts Due in 1 Year	39,562,489
Principal Amounts Due in 2-5 Year	19,457,975
Principal Amounts Due Thereafter	$ 15,156,074

Schedule of Aging of Insurance

Schedule of Aging of Insurance Assignments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Insurance assignments, allowance for loan losses	$ (1,553,836)	$ (1,609,951)	$ (1,686,218)
Past Due 30 to 59 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	10,829,629	10,621,443
Past Due 60 to 89 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	3,709,754	3,997,484
Over 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	4,329,468	5,813,013
Total Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	18,868,851	20,431,941
Current [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	26,736,471	26,510,594
Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	45,605,322	46,942,536
Net Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	$ 44,051,486	$ 45,332,585

Schedule of Allowance for Cre_2

Schedule of Allowance for Credit Losses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		$ 1,609,951	$ 1,686,218
Financing Receivable, Allowance for Credit Loss, Ending		1,553,836	1,609,951
Commercial Loan [Member]
Marketable Securities [Line Items]
Allowance for credit losses, change in provision	[1]	891,959	889,480
Allowance for credit losses, Charge-offs		$ (948,074)	$ (965,747)
[1]Included in other expenses on the consolidated statements of earnings

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Gross realized gains	$ 11,508	$ 24,281
Gross realized losses	(57,861)	(32,976)
Net credit loss (provision) release	(325,314)
Total	1,837,342	(857,460)
Fixed Maturity Securities [Member]
Schedule of Investments [Line Items]
Gross realized gains	67,686	205,949
Gross realized losses	(106,760)	(43,776)
Net credit loss (provision) release	(325,314)
Equity Securities One [Member]
Schedule of Investments [Line Items]
Gains (losses) on securities sold	254,917	(10,519)
Unrealized gains (losses) on securities held at the end of the period	1,782,219	(2,109,556)
Real Estate Held For Investment and Sale [Member]
Schedule of Investments [Line Items]
Gross realized gains	197,194	1,239,332
Gross realized losses	(71,792)	(825,593)
Other Assets Including Call and Put Option Derivatives [Member]
Schedule of Investments [Line Items]
Gross realized gains	214,349	686,703
Gross realized losses	$ (175,157)

Schedule of Accrued Investment

Schedule of Accrued Investment Income (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 10,170,790	$ 10,299,826
Fixed Maturity Securities Available For Sale [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,984,695	3,563,767
Equity Securities [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	20,451	14,496
Mortgage Loans Held for Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	2,661,092	3,220,709
Real Estate Held For Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,486,115	3,455,305
Policy Loans [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income		37,951
Cash and Cash Equivalents [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 18,437	$ 7,598

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Credit loss recognized	$ 325,314
Fixed maturity securities rated investment grade, percent	98.20%	97.70%
Loans Payable to Bank	$ 105,555,137	$ 161,712,804
Depreciation expense	2,351,661	2,496,906
Impairment losses on residential real estate held for sale		$ 94,000
Loan interest rate	7%	7%
Interest not accrued on non-performing loans	$ 237,000	$ 226,000
[custom:RealizedInvestmentGains]	730,000	817,000
Net investment income	72,343,047	66,197,592
Cemeteries and Mortuaries [Member]
Debt Securities, Available-for-Sale [Line Items]
Net investment income	$ 2,365,378	$ 2,404,277
UTAH
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	44%	64%
FLORIDA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	11%	10%
CALIFORNIA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	10%	5%
TEXAS
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	7%	5%
AZERBAIJAN
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	6%
Minimum [Member]
Debt Securities, Available-for-Sale [Line Items]
Lease term	3 years
Maximum [Member]
Debt Securities, Available-for-Sale [Line Items]
Lease term	10 years
606 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost	94.90%
713 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost		93.60%
Commercial Real Estate 1 [Member]
Debt Securities, Available-for-Sale [Line Items]
Collateral for bank loans	$ 124,381,467	$ 129,330,119
Loans Payable to Bank	97,807,614	97,112,131
Depreciation expense	6,278,828	6,090,575
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Depreciation expense	10,592	10,592
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 ($)	Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Aggregate fair value	$ 126,549,190	$ 141,179,620
Unpaid principal balance	127,185,867	141,337,811
Unrealized loss	$ (636,677)	$ (158,191)

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Loan fees	$ 21,724,456	$ 24,184,972
Interest income	9,547,741	9,666,149
Secondary gains	68,505,014	153,870,807	[1]
Change in fair value of loan commitments	(1,123,615)	(4,308,638)
Change in fair value of loans held for sale	(478,460)	(8,834,797)
Provision for loan loss reserve	(27,164)	(1,078,812)
Mortgage fee income	$ 98,147,972	$ 173,499,681
[1]Includes a net gain of $ 34,051,938

Schedule of Mortgage Fee Inco_2

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) (Parenthethical) - USD ($)		12 Months Ended
	Oct. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Mortgage servicing rights	$ 34,051,938		$ 34,051,938

Summary of Loan Loss Reserve In

Summary of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Balance, beginning of period		$ 1,725,667	$ 2,447,139
Provision on current loan originations	[1]	27,164	1,078,812
Charge-offs, net of recaptured amounts		(1,205,598)	(1,800,284)
Balance, end of period		$ 547,233	$ 1,725,667
[1]Included in Mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Loans Held For Sale
Foreclosure loans unpaid principal balance		$ 1,636,090
Provision on current loan originations	[1]	$ 27,164	$ 1,078,812
Loan increase per point		$ 430	$ 319
Amount of loan increased, per point		$ 1,000,000	$ 1,000,000
[1]Included in Mortgage fee income

Schedule of Receivables (Detail

Schedule of Receivables (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Contracts with customers	[1]	$ 6,321,573	$ 5,392,779	$ 5,298,636
Receivables from sales agents		3,252,840	2,209,185
Other		7,658,789	23,200,919
Total receivables		17,233,202	30,802,883
Allowance for credit losses		(1,897,887)	(2,229,791)	$ (1,800,725)
Net receivables		$ 15,335,315	$ 28,573,092
[1]Included in Receivables, net on the consolidated balance sheets

Schedule of Allowance Credit Lo

Schedule of Allowance Credit Losses (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Beginning balance		$ 2,229,791	$ 1,800,725
Change in provision for credit losses	[1]	(110,935)	799,888
Charge-offs		(220,969)	(370,822)
Ending balance		$ 1,897,887	$ 2,229,791
[1]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Value of Business A

Schedule of Value of Business Acquired (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of year		$ 9,803,736	$ 8,421,432
Value of business acquired			2,136,085
Imputed interest at 7% included in earnings	[1]	626,666	642,919
Amortization included in earnings	[1]	(1,926,668)	(1,907,250)
Shadow amortization included in other comprehensive income		(36,121)	510,550
Net amortization		(1,336,123)	(753,781)
Balance at end of year		$ 8,467,613	$ 9,803,736
[1]Included in Amortization of deferred policy and pre-need acquisition costs and value of business acquired on the consolidated statements of earnings

Schedule of Value of Business_2

Schedule of Value of Business Acquired (Details) (Parenthethical)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Debt instrument, interest rate, stated percentage	7%	7%

Schedule of Acquisitions Net Am

Schedule of Acquisitions Net Amortization Charged to Income (Details)	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 1,219,496
2025	1,112,965
2026	1,030,635
2027	957,074
2028	833,216
Thereafter	3,314,227
Total	$ 8,467,613

Schedule of Goodwill by Segment

Schedule of Goodwill by Segment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Indefinite-Lived Intangible Assets [Line Items]
Goodwill, gross	$ 5,253,783	$ 5,253,783	$ 5,253,783
Accumulated impairment
Total goodwill, net	5,253,783	5,253,783	5,253,783
Acquisition
Life Insurance [Member]
Indefinite-Lived Intangible Assets [Line Items]
Goodwill, gross	2,765,570	2,765,570	2,765,570
Accumulated impairment
Total goodwill, net	2,765,570	2,765,570	2,765,570
Acquisition
Cemetery Mortuary [Member]
Indefinite-Lived Intangible Assets [Line Items]
Goodwill, gross	2,488,213	2,488,213	2,488,213
Accumulated impairment
Total goodwill, net	2,488,213	2,488,213	$ 2,488,213
Acquisition

Schedule of Carrying Value of I

Schedule of Carrying Value of Intangible Asset (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, accumulated amortization		$ (807,333)	$ (553,333)
Finite-lived intangible assets, net		$ 3,002,667	3,256,667
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	[1]	15 years
Finite-lived intangible assets, gross	[1]	$ 2,100,000	2,100,000
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	[1]	15 years
Finite-lived intangible assets, gross	[1]	$ 210,000	210,000
Trade Names 2 [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	[2]	15 years
Finite-lived intangible assets, gross	[2]	$ 610,000	610,000
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	[3]	15 years
Finite-lived intangible assets, gross	[3]		$ 890,000
[1]Rivera Funerals, Cremations and Memorial Gardens[2]Kilpatrick Life[3]Beta Capital Corp

Schedule of Estimate of Future

Schedule of Estimate of Future Amortization for Other Intangible Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total	$ 3,002,667	$ 3,256,667
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
2024	254,000
2025	254,000
2026	254,000
2027	254,000
2028	254,000
Thereafter	1,732,667
Total	$ 3,002,667

Value of Business Acquired, G_3

Value of Business Acquired, Goodwill and Other Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average amortization period	5 years 1 month 6 days
Amortization expense	$ 254,000	$ 256,000

Schedule of Property and Equipm

Schedule of Property and Equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 32,882,880	$ 34,113,705
Less accumulated depreciation	(13,707,781)	(13,534,056)
Total	19,175,099	20,579,649
Land and Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,567,819	16,545,799
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 16,315,061	$ 17,567,906

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,351,661	$ 2,496,906
Impairment loss	$ 122,229

Summary of Bank Loans Payable (

Summary of Bank Loans Payable (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total bank and other loans	$ 105,555,137	$ 161,712,804
Finance lease liabilities	15,550	31,082
Current Installment	(9,543,052)	(65,560,608)
Bank and other loans, excluding current installments	96,012,085	96,152,196
Note Payable 1 [Member]
Debt Instrument [Line Items]
Total bank and other loans		1,690,892
Note Payable 2 [Member]
Debt Instrument [Line Items]
Total bank and other loans	50,129,255	48,613,833
Note Payable 3 [Member]
Debt Instrument [Line Items]
Total bank and other loans	38,478,359	39,298,298
Note Payable 4 [Member]
Debt Instrument [Line Items]
Total bank and other loans	9,200,000	9,200,000
Note Payable 5 [Member]
Debt Instrument [Line Items]
Total bank and other loans		17,978,527
Note Payable 6 [Member]
Debt Instrument [Line Items]
Total bank and other loans	114,518	29,768,762
Note Payable 7 [Member]
Debt Instrument [Line Items]
Total bank and other loans		15,131,410
Note Payable 8 [Member]
Debt Instrument [Line Items]
Total bank and other loans	$ 7,617,455

Summary of Bank Loans Payable_2

Summary of Bank Loans Payable (Details) (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Oct. 31, 2022
Debt Instrument [Line Items]
Debt instrument principal amount			$ 7,020,000,000
Debt instrument interest rate	7%	7%
Note Payable 1 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 75,108	$ 75,108
Note Payable 2 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 243,781	$ 243,781
Debt instrument interest rate	3.85%	3.85%
Debt instrument, book value	$ 62,977,000	$ 62,977,000
Note Payable 3 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 179,562	$ 179,562
Debt instrument interest rate	3.30%	3.30%
Debt instrument, book value	$ 44,811,000	$ 44,811,000
Note Payable 4 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.7865%	4.7865%
Debt instrument, book value	$ 16,594,000	$ 16,594,000
Note Payable 5 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 100,000,000	$ 100,000,000
Debt instrument basis spread variable rate	2.10%	2.10%
Note Payable 6 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 100,000,000	$ 100,000,000
Debt instrument basis spread variable rate	2%	2%
Note Payable 7 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 75,000,000	$ 75,000,000
Debt instrument basis spread variable rate	2.50%	2.50%
Note Payable 8 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 15,000,000	$ 15,000,000
Debt instrument basis spread variable rate	2.10%	2.10%

Schedule of Combined Maturities

Schedule of Combined Maturities of Bank Loans Payable Lines of Credit and Notes and Contracts Payable (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Bank and other loans payable	$ 105,555,137	$ 161,712,804
Due in year 1 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	9,543,052
Due in Year 2 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	1,881,631
Due in Year 3 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	1,952,430
Due in Year 4 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	2,026,547
Due in Year 5 [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	11,296,737
DueThereafter [Member]
Lessee, Lease, Description [Line Items]
Bank loans payable, lines of credit and notes and contracts payable	$ 78,854,740

Bank and Other Loans Payable (D

Bank and Other Loans Payable (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Debt Instrument [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	$ 381,535,986		$ 345,858,492
Federal home loan bank stock	2,279,800	[1]	2,600,300	[2]
Repayment of outstanding advances	7,732,000
Interest Expense	4,865,327		7,830,443
Bank [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	2,000,000
Line of credit	$ 0
Line of credit, maturity date	Mar. 31, 2024
Bank [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Interest rate	0.75%
Debt instrument basis spread variable rate	3%
Bank 1 [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 2,500,000
Line of credit	$ 0
Debt instrument basis spread variable rate	2.35%
Line of credit, maturity date	Mar. 31, 2024
Texas Capital Bank N.A. [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Line of credit, maturity date	Nov. 30, 2024
Line of credit, maturity date	The agreement charges interest at the 1-Month SOFR rate plus 2.0% and matures on November 30, 2024
Adjustment of debt	$ 1
U.S. Bank [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 15,000,000
Line of credit, maturity date	May 26, 2024
Line of credit, maturity date	The agreement charges interest at 2.10% plus the greater of (i) 0%
Adjustment of debt	$ 1
Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit conitingent cover amount	$ 443,758
Letter of credit	5,379,738
Letter of Credit [Member] | Bank [Member]
Debt Instrument [Line Items]
Letter of credit	38,290
Letter of Credit [Member] | Bank 1 [Member]
Debt Instrument [Line Items]
Letter of credit	1,250,000
Maximum [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit	5,823,496
Federal Home Loan Bank of Des Moines [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	77,324,238		80,312,445
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	88,400,026		86,338,880
Line of credit	0		0
Federal home loan bank stock	453,600		856,800
Federal Home Loan Bank of Dallas [Member]
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	5,104,610		5,719,671
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	5,503,063		6,696,100
Line of credit	0		0
Federal home loan bank stock	$ 1,826,200		$ 1,743,500
[1]Includes $ 530,900 1,748,900 938,500 1,661,800

Schedule of Restricted Assets i

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	$ 390,884,441		$ 362,750,511
Available for sale securities, unrecognized holding gain	4,550,214		2,282,842
Available for sale securities, unrecognized holding loss	(13,584,120)	[1]	(19,174,861)
Available for sale securities, estimated fair value	381,535,986		345,858,492
Real estate held for investment: Residential	(183,419,292)		(191,328,616)
Available-for-sale securities, amortized cost basis	10,571,505		9,942,265
Available-for-sale securities, gross unrealized gain	13,636,071		11,682,526
Mortgage loans on real estate and construction	281,382,873
Mortgage loans on real estate and construction	275,616,837		308,123,927
Cash and cash equivalents	139,923,399		133,483,817		$ 141,414,282
Total restricted assets	20,028,976		18,935,055
Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	647,261		263,205
Available for sale securities, unrecognized holding gain	302		42
Available for sale securities, unrecognized holding loss	(5,859)		(8,516)
Available for sale securities, estimated fair value	641,704		254,731
Cash and cash equivalents	2,867,047		1,925,978
Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	1,860,195		1,234,818
Available for sale securities, unrecognized holding gain	1,947		866
Available for sale securities, unrecognized holding loss	(8,282)		(18,376)
Available for sale securities, estimated fair value	1,853,860		1,217,308
Available-for-sale securities, amortized cost basis	6,516,044		4,955,360
Cash and cash equivalents	10,114,694	[2]	10,638,034	[3]
Total restricted assets	20,028,976		18,935,055
US Government Corporations and Agencies Securities [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	53,672
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(171)
Available for sale securities, estimated fair value	53,501
Residential Construction [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Mortgage loans on real estate and construction	(495)
Real estate held for investment: Residential			(16,178)
Mortgage loans on real estate and construction	247,360		1,506,517
Residential Construction [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Mortgage loans on real estate and construction	676,572		1,731,469
Fair value allowance for credit losses	(1,353)
Mortgage loans on real estate and construction	675,219
US Treasury Securities [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	477,797		89,004
Available for sale securities, unrecognized holding gain	302		42
Available for sale securities, unrecognized holding loss	(574)		(38)
Available for sale securities, estimated fair value	477,525		89,008
US Treasury Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	932,737
Available for sale securities, unrecognized holding gain	1,433
Available for sale securities, unrecognized holding loss	(1,000)
Available for sale securities, estimated fair value	933,170
US States and Political Subdivisions Debt Securities [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	115,792		174,201
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(5,114)		(8,478)
Available for sale securities, estimated fair value	110,678		165,723
US States and Political Subdivisions Debt Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	652,770		1,033,047
Available for sale securities, unrecognized holding gain	305		866
Available for sale securities, unrecognized holding loss	(4,542)		(15,360)
Available for sale securities, estimated fair value	648,533		1,018,553
Corporate Debt Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	274,688		201,771
Available for sale securities, unrecognized holding gain	209
Available for sale securities, unrecognized holding loss	(2,740)		(3,016)
Available for sale securities, estimated fair value	272,157		198,755
Industrial Miscellaneous and All Other [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	3,614,392		3,195,942
Available for sale securities, unrecognized holding gain	859,680		584,383
Available for sale securities, unrecognized holding loss	(146,771)		(175,163)
Available-for-sale securities, gross unrealized gain	4,327,301		3,605,162
Industrial Miscellaneous and All Other [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, unrecognized holding gain	1,117,155		703,049
Available for sale securities, unrecognized holding loss	(247,996)		(310,165)
Available-for-sale securities, gross unrealized gain	7,385,203		5,348,244
Equity Securities One [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	3,614,392		3,195,942
Available for sale securities, unrecognized holding gain	859,680		584,383
Available for sale securities, unrecognized holding loss	(146,771)		(175,163)
Available-for-sale securities, gross unrealized gain	4,327,301		3,605,162
Mortgage loans on real estate and construction	246,865
Equity Securities One [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	6,516,044		4,955,360
Available for sale securities, unrecognized holding gain	1,117,155		703,049
Available for sale securities, unrecognized holding loss	(247,996)		(310,165)
Available-for-sale securities, gross unrealized gain	$ 7,385,203		$ 5,348,244
[1]Gross unrealized losses are net of allowance for credit losses[2]Including cash and cash equivalents of $ 6,930,933 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 ($)	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 139,923,399		$ 133,483,817		$ 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	10,114,694	[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	$ 6,930,933		$ 8,527,620
[1]Including cash and cash equivalents of $ 6,930,933 8,527,620

Cemetery Perpetual Care Trust_3

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cemetery Perpectual Care Obligation [Member]
Schedule of Investments [Line Items]
Credit loss recognized	$ 0	$ 0
Security National Life Insurance [Member]
Schedule of Investments [Line Items]
Surplus notes receivable	$ 4,000,000	$ 4,000,000
Four Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	98.10%
Five Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost		96.40%
12 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	99.10%
17 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost		98.20%

Summary of Income Tax Liability

Summary of Income Tax Liability (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current	$ 246,437	$ 16,352,190
Deferred	13,506,544	14,358,337
Total	$ 13,752,981	$ 30,710,527

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Future policy benefits	$ 14,902,816	$ 14,605,453
Loan loss reserve	142,281	448,673
Unearned premium	534,203	582,459
Net operating loss	1,050,770	237,855
Deferred compensation	2,138,385	2,166,593
Tax on unrealized appreciation	491,271	2,590,726
Other	917,335	601,335
Less: Valuation allowance		(1,506,144)
Total deferred tax assets	20,177,061	19,726,950
Liabilities
Deferred policy acquisition costs	18,478,562	17,511,778
Basis difference in property, equipment and real estate	11,054,092	11,959,391
Value of business acquired	1,778,199	2,058,785
Deferred gains	1,308,365	1,490,946
Trusts	1,064,387	1,064,387
Total deferred tax liabilities	33,683,605	34,085,287
Net deferred tax liability	$ 13,506,544	$ 14,358,337

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current
Federal	$ 4,091,306	$ 15,346,331
State	209,537	3,294,234
Total Current Income Tax Expense (Benefit)	4,300,843	18,640,565
Deferred
Federal	(2,139,124)	(7,400,620)
State	(356,365)	(2,553,385)
Total Deferred Income Tax Expense (Benefit)	(2,495,489)	(9,954,005)
Total	$ 1,805,354	$ 8,686,560

Schedule of Effective Income Ta

Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Computed expense at statutory rate	$ 3,423,086	$ 7,219,141
State tax expense (benefit), net of federal tax benefit	(115,994)	585,269
Change in valuation allowance	(1,506,144)	623,609
Other, net	4,406	258,541
Total	$ 1,805,354	$ 8,686,560

Summary of Operating Loss Carry

Summary of Operating Loss Carryforwards (Details)	Dec. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards	$ 3,299,431
Year of Expiration 2024 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards
Year of Expiration 2025 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards
Year of Expiration 2026 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards
Year Of Expiration 2027 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards
Year of Expiration 2028 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards
Year of Expiration Thereafter Up Through 2038 [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards	903,042
Indefinite Carryforwards [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses and tax credit carryforwards	$ 2,396,389

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	11.10%	25.30%
Federal statutory income tax rate, percent	21%

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Percentage of concentration credit risk	100%
Payment for other liabilities	$ 146,953,000
Other commitments	$ 104,977,000
Loan interest rate	7%	7%
Insurance Receivable [Member] | Credit Concentration Risk [Member] | Single Reinsurer [Member]
Loss Contingencies [Line Items]
Percentage of concentration credit risk	94%	93.70%
Insurance Receivable [Member] | Credit Concentration Risk [Member] | Single Reinsurer [Member] | Whole Life Insurance [Member]
Loss Contingencies [Line Items]
Percentage of concentration credit risk	8.80%	11.30%
Minimum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 25,000
Minimum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	50%
Loan interest rate	5.25%
Maximum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 100,000
Maximum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	80%
Loan interest rate	8.50%

Retirement Plans (Details Narra

Retirement Plans (Details Narrative) - Employee Stock Ownership Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Pretax contributions	$ 22,500	$ 20,500
Employees stock ownership plan description	The Company matched 100% of up to 3% of an employee’s total annual compensation and matched 50% of 4% to 5% of an employee’s annual compensation
Contribution to plan	$ 1,819,275	2,573,956
Compensation expenses
Accrued liability of retirement plan	$ 267,686	401,529
Retirement description	Under the terms of the employment agreement, this individual is entitled to receive retirement benefits from the Company for a period of ten years in an amount equal to 50% of his rate of compensation at the time of his retirement
Retirement compensation	$ 267,685
Payment to retirement compensation	$ 133,843	133,843
Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employees stock ownership plan description	Effective December 2, 2022, the Board members approved a motion to extend the Chief Executive Officer’s employment agreement, dated December 4, 2012, for an additional two-year term ending December 2024. In the event of disability, the Chief Executive Officer’s salary would be continued for up to five years at 75% of its current level of compensation. In the event of a sale or merger of the Company and the Chief Executive Officer is not retained in his current position, the Company would be obligated to continue paying the Chief Executive Officer’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that the Chief Executive Officer is entitled to receive annual retirement benefits beginning (i) one month from the date of his retirement (to commence no sooner than age 65), (ii) five years following complete disability, or (iii) upon termination of his employment without cause. These retirement benefits are to be paid for a period of twenty years in annual installments in the amount equal to 75% of his then current level of compensation
Accrued liability of retirement plan	$ 7,556,363	$ 7,556,363

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares, outstanding, beginning	18,758,031	17,642,722
Exercise of stock options	279,177	109,587
Vesting of restricted stock units	1,215
Stock dividends	949,980	889,554
Conversion of Class C to Class A	59,599	116,168
Common stock, shares, outstanding, ending	20,048,002	18,758,031
Common Class C [Member]
Class of Stock [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

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net earnings		$ 14,495,058	$ 25,690,302
Denominator:
Denominator for basic earnings per share-weighted-average shares	[1]	22,083,772	22,187,410
Employee stock options		594,196	848,323
Unvested restricted stock units			395
Dilutive potential common shares		594,196	848,718
Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions		22,677,968	23,036,128
Basic earnings per share	[1]	$ 0.66	$ 1.16
Diluted earnings per share	[1]	$ 0.64	$ 1.12
[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.

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock voting rights	Class C shares have 10 votes per share on all matters except for the election of one third of the directors who are elected solely by the Class A shares
Stockholders dividends descriptions	Stockholders of both Class A and Class C common stock have received 5% stock dividends in the years 1990 through 2019, a 7.5% stock dividend in the year 2020, and a 5% stock dividend in the years 2021 through 2023, as authorized by the Company’s Board of Directors
Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		339,150
Common Class B [Member]
Class of Stock [Line Items]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares, issued	0	0

Schedule of Assumptions Used (D

Schedule of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
All Plans December 1, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 1.88
Expected Dividend Yield	5%	[1]
Underlying stock FMV	$ 7.99
Weighted Average Volatility	36.76%
Weighted Average Risk Free Interest Rate	4.14%
Weighted Average Expected Life (Term)	4 years 10 months 24 days
All Plans January 30, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 1.65
Expected Dividend Yield	5%	[1]
Underlying stock FMV	$ 7.10
Weighted Average Volatility	36.73%
Weighted Average Risk Free Interest Rate	3.64%
Weighted Average Expected Life (Term)	5 years 3 months 21 days
All Plans January 18, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 1.70
Expected Dividend Yield	5%	[1]
Underlying stock FMV	$ 7.37
Weighted Average Volatility	36.79%
Weighted Average Risk Free Interest Rate	3.40%
Weighted Average Expected Life (Term)	5 years 3 months 21 days
All Plans December 2, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted Average Fair Value of Each Option	$ 1.48
Expected Dividend Yield	5%	[1]
Underlying stock FMV	$ 6.48
Weighted Average Volatility	37.03%
Weighted Average Risk Free Interest Rate	3.69%
Weighted Average Expected Life (Term)	4 years 10 months 17 days
[1]Stock dividend

Schedule of Activity of Stock O

Schedule of Activity of Stock Option Plans (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning		976,605	1,024,351
Weighted average exercise price, outstanding, beginning		$ 4.56	$ 4.38
Number of Shares, adjustment for effect of stock dividends		38,266	47,780
Number of shares, granted		106,500	82,500
Number of shares, exercised		(286,965)	(176,435)
Number of shares, cancelled		(836)	(1,591)
Number of shares, outstanding, ending		833,570	976,605
Weighted average exercise price, outstanding, ending		$ 5.22	$ 4.56
Number of shares, options exercisable		739,070
Weighted average exercise price, options exercisable		$ 4.87
Number of shares, available options for future grant		92,820
Weighted average contractual term of options outstanding		5 years 3 months
Weighted average contractual term of options exercisable		4 years 7 months 28 days
Aggregated intrinsic value of options outstanding	[1]	$ 3,149,704
Aggregated intrinsic value of options exercisable	[1]	$ 3,049,987
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	$ 5.26
Number of Shares, adjustment for effect of stock dividends		57,859	41,057
Number of shares, granted		305,000	295,000
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, ending		1,520,062	1,157,203
Weighted average exercise price, outstanding, ending		$ 5.86	$ 5.31
Number of shares, options exercisable		1,215,062
Weighted average exercise price, options exercisable		$ 5.31
Number of shares, available options for future grant		529,750
Weighted average contractual term of options outstanding		6 years 6 months
Weighted average contractual term of options exercisable		5 years 10 months 24 days
Aggregated intrinsic value of options outstanding	[1]	$ 4,765,559
Aggregated intrinsic value of options exercisable	[1]	$ 4,483,509
[1]The Company used a stock price of $ 9.00

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical)	Dec. 31, 2023 $ / shares
Share-Based Payment Arrangement [Abstract]
Share price	$ 9

Schedule of Activity Restricted

Schedule of Activity Restricted Stock Units (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, available RSUs for future grant	92,820
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average grant date fair value, beginning | $ / shares	$ 6.48
Weighted average grant date fair value, ending | $ / shares	$ 7.72
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	1,840
Non-vested Number of shares, Vested	(1,215)
Non-vested Number of shares, ending	2,245
Number of shares, available RSUs for future grant	16,540

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 601,362	$ 929,692
Unrecognized compensation expense	677,948
Intrinsic value stock options exercised	657,354	619,064
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	304	371
Unrecognized compensation expense	3,263
Stock Option Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 601,058	$ 929,321

Schedule of Statutory Accountin

Schedule of Statutory Accounting Practices (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statutory net income amount	$ 11,345,837	$ 12,508,980
Statutory capital and surplus, balance	107,384,632	94,254,586
Security National Life Insurance [Member]
Statutory net income amount	7,419,511	9,126,955
Statutory capital and surplus, balance	76,330,794	66,753,938
Kilpatrick Life Insurance Company [Member]
Statutory net income amount	2,967,779	2,373,682
Statutory capital and surplus, balance	20,535,591	17,300,717
First Guaranty Insurance Company [Member]
Statutory net income amount	958,497	1,007,026
Statutory capital and surplus, balance	8,427,355	8,107,405
Southern Security Life Insurance Company, Inc. [Member]
Statutory net income amount	35	(2,691)
Statutory capital and surplus, balance	1,578,322	1,579,971
Trans-Western Life Insurance Company [Member]
Statutory net income amount	15	4,008
Statutory capital and surplus, balance	$ 512,570	$ 512,555

Statutory Financial Informati_3

Statutory Financial Information and Dividend Limitations (Details Narrative)	Dec. 31, 2023 USD ($)
Cash dividend paid	$ 7,357,000
First Guaranty Insurance Company [Member]
Cash dividend paid	742,000
Kilpatrick Life Insurance Company [Member]
Cash dividend paid	$ 1,973,000

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenue from customers	$ 240,671,219	$ 305,495,176
Net investment income	72,343,047	66,197,592
Gains (losses) on investments and other assets	1,837,342	(857,460)
Other revenues	3,645,882	18,817,020
Net investment income
Total revenues	318,497,490	389,652,328
Death, surrenders and other policy benefits	66,002,863	64,066,432
Increase in future policy benefits	34,008,997	28,858,969
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	18,024,338	17,950,202
Commissions	39,929,556	63,321,092
Personnel	83,141,759	100,111,523
Advertising	3,710,445	5,697,998
Rent and rent related	6,857,137	6,883,013
Depreciation on property and equipment	2,351,661	2,496,906
Provision for loan loss reserve
Cost related to funding mortgage loans	6,440,439	7,540,041
Intersegment
Other	32,058,856	45,797,753
Intersegment
Other	4,865,327	7,830,443
Costs of goods and services sold-mortuaries and cemeteries	4,805,700	4,721,094
Total benefits and expenses	302,197,078	355,275,466
Earnings before income taxes	16,300,412	34,376,862
Income tax expense	(1,805,354)	(8,686,560)
Net earnings	14,495,058	25,690,302
Identifiable assets	1,424,302,971	1,455,859,109
Goodwill	5,253,783	5,253,783	$ 5,253,783
Life Insurance [Member]
Segment Reporting Information [Line Items]
Revenue from customers	114,735,304	105,144,646
Net investment income	67,811,926	62,565,021
Gains (losses) on investments and other assets	962,824	(459,462)
Other revenues	1,666,020	1,932,402
Net investment income	8,203,306	6,601,132
Total revenues	193,379,380	175,783,739
Death, surrenders and other policy benefits	66,002,863	64,066,432
Increase in future policy benefits	34,008,997	28,858,969
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	17,485,699	17,352,803
Commissions	3,963,185	4,097,680
Personnel	26,769,211	26,285,207
Advertising	638,071	1,649,273
Rent and rent related	414,564	384,908
Depreciation on property and equipment	880,116	1,036,521
Provision for loan loss reserve
Cost related to funding mortgage loans
Intersegment	310,689	232,915
Other	12,991,888	13,190,827
Intersegment	560,718	462,753
Other	4,081,348	3,969,905
Costs of goods and services sold-mortuaries and cemeteries
Total benefits and expenses	168,107,349	161,588,193
Earnings before income taxes	25,272,031	14,195,546
Income tax expense	(3,655,148)	(4,034,979)
Net earnings	21,616,883	10,160,567
Identifiable assets	1,325,287,933	1,246,840,586
Goodwill	2,765,570	2,765,570	$ 2,765,570
Cemetery/Mortuary [Member]
Segment Reporting Information [Line Items]
Revenue from customers	27,864,811	26,993,855
Net investment income	2,951,577	2,444,599
Gains (losses) on investments and other assets	717,312	(796,096)
Other revenues	404,256	305,073
Net investment income	340,001	451,139
Total revenues	32,277,957	29,398,570
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	538,639	597,399
Commissions	1,777,071	1,372,200
Personnel	9,722,659	9,305,429
Advertising	663,113	628,114
Rent and rent related	159,877	163,182
Depreciation on property and equipment	812,641	759,415
Provision for loan loss reserve
Cost related to funding mortgage loans
Intersegment	143,652	160,690
Other	4,961,320	5,321,730
Intersegment	247,664	274,911
Other	955	710
Costs of goods and services sold-mortuaries and cemeteries	4,805,700	4,721,094
Total benefits and expenses	23,833,291	23,304,874
Earnings before income taxes	8,444,666	6,093,696
Income tax expense	(2,131,289)	(1,523,954)
Net earnings	6,313,377	4,569,742
Identifiable assets	95,059,724	82,320,929
Goodwill	2,488,213	2,488,213
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenue from customers	98,071,104	173,356,675
Net investment income	1,579,544	1,187,972
Gains (losses) on investments and other assets	157,206	398,098
Other revenues	1,575,606	16,579,545
Net investment income	531,406	356,574
Total revenues	101,914,866	191,878,864
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
Commissions	34,189,300	57,851,212
Personnel	46,649,889	64,520,887
Advertising	2,409,261	3,420,611
Rent and rent related	6,282,696	6,334,923
Depreciation on property and equipment	658,904	700,970
Provision for loan loss reserve
Cost related to funding mortgage loans	6,440,439	7,540,041
Intersegment	1,930,370	1,795,507
Other	14,105,648	27,285,196
Intersegment	5,881,620	4,482,069
Other	783,024	3,859,828
Costs of goods and services sold-mortuaries and cemeteries
Total benefits and expenses	119,331,151	177,791,244
Earnings before income taxes	(17,416,285)	14,087,620
Income tax expense	3,981,083	(3,127,627)
Net earnings	(13,435,202)	10,959,993
Identifiable assets	97,018,754	219,872,163
Goodwill
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from customers
Net investment income
Gains (losses) on investments and other assets
Other revenues
Net investment income	(9,074,713)	(7,408,845)
Total revenues	(9,074,713)	(7,408,845)
Death, surrenders and other policy benefits
Increase in future policy benefits
Amortization of deferred policy and pre-need acquisition costs and value of business acquired
Commissions
Personnel
Advertising
Rent and rent related
Depreciation on property and equipment
Provision for loan loss reserve
Cost related to funding mortgage loans
Intersegment	(2,384,711)	(2,189,112)
Other
Intersegment	(6,690,002)	(5,219,733)
Other
Costs of goods and services sold-mortuaries and cemeteries
Total benefits and expenses	(9,074,713)	(7,408,845)
Earnings before income taxes
Income tax expense
Net earnings
Identifiable assets	(93,063,440)	(93,174,569)
Goodwill

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)		Dec. 31, 2023		Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)		$ 381,535,986		$ 345,858,492
Equity securities		13,636,071		11,682,526
Loans held for sale		126,549,190		141,179,620
Restricted assets		1,853,860	[1]	1,217,308	[2]
Restricted assets		7,385,203	[3]	5,348,244	[4]
Cemetery perpetual care trust investments		641,704	[1]	254,731	[2]
Cemetery perpetual care trust investments		4,327,301	[3]	3,605,162	[4]
Derivatives - loan commitments		4,995,486	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		540,924,801		513,235,939
Derivatives - loan commitments		(3,412,224)	[7]	(1,382,979)	[8]
Total liabilities accounted for at fair value on a recurring basis		(3,412,224)		(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 $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)
Equity securities		13,636,071		11,682,526
Loans held for sale
Restricted assets			[1]		[2]
Restricted assets		7,385,203	[3]	5,348,244	[4]
Cemetery perpetual care trust investments			[1]		[2]
Cemetery perpetual care trust investments		4,327,301	[3]	3,605,162	[4]
Derivatives - loan commitments			[5]		[6]
Total assets accounted for at fair value on a recurring basis		25,348,575		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 $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)		380,297,330		344,422,973
Equity securities
Loans held for sale
Restricted assets		1,853,860	[1]	1,217,308	[2]
Restricted assets			[3]		[4]
Cemetery perpetual care trust investments		641,704	[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		382,792,894		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 $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)		1,238,656		1,435,519
Equity securities
Loans held for sale		126,549,190		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		4,995,486	[5]	4,089,856	[6]
Total assets accounted for at fair value on a recurring basis		132,783,332		146,704,995
Derivatives - loan commitments		(3,412,224)	[7]	(1,382,979)	[8]
Total liabilities accounted for at fair value on a recurring basis		$ (3,412,224)		(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[7]Included in other liabilities and accrued expenses on the consolidated balance sheets[8]Included in other liabilities and accrued expenses on the consolidated balance sheets

Schedule of Assets and Liabilit

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 126,549,190		$ 141,179,620
Fair Value Balance	4,995,486	[1]	4,089,856	[2]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	381,535,986		345,858,492
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair Value Balance	$ 126,549,190		$ 141,179,620		$ 302,776,827
Fair value measurement, range of inputs, minimum value	70%		69.90%
Fair value measurement, range of inputs, maximum value	121%		106.10%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	100%		99.80%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value measurement, range of inputs, minimum value	70%		65%
Fair value measurement, range of inputs, maximum value	99%		95%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	86%		82.20%
Fair Value Balance	$ 1,583,262		$ 2,706,877		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 $390,884,441 and $362,750,511 for 2023 and 2022, respectively; net of allowance for credit losses of $314,549 and nil for 2023 and 2022, respectively)	$ 1,238,656		$ 1,435,519		$ 2,023,348
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	102.46		111.11
Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset And Liability, Weighted Average, price per share	$ 99.86		$ 104.97
[1]Included in other assets on the consolidated balance sheets[2]Included in other assets on the consolidated balance sheets

Schedule of Changes in the Cons

Schedule of Changes in the Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning	[1]	$ 4,089,856
Loans Held for Sale, Beginning		141,179,620
Fixed Maturity Securities Available for Sale, Beginning		345,858,492
Originations and purchases		2,173,080,584		$ 3,373,554,484
Originations and purchases		70,315,501		151,581,252
Sales, maturities and paydowns		(2,224,454,040)		(3,549,405,402)
Sales, maturities and paydowns		(42,966,901)		(25,163,141)
Transfer to mortgage loans held for investment		(3,017,626)		(51,691,213)
Total gains (losses) included in other comprehensive income		7,853,398		(39,493,861)
Net loan commitments, ending		4,995,486	[2]	4,089,856	[1]
Loans Held for Sale, Ending		126,549,190		141,179,620
Fixed Maturity Securities Available for Sale, Ending		381,535,986		345,858,492
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning		2,706,877		7,015,515
Originations and purchases
Sales, maturities and paydowns
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		(1,123,615)	[3]	(4,308,638)	[4]
Total gains (losses) included in other comprehensive income
Net loan commitments, ending		1,583,262		2,706,877
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		141,179,620		302,776,827
Originations and purchases		2,173,080,584		3,373,554,484
Sales, maturities and paydowns		(2,224,454,040)		(3,549,405,402)
Transfer to mortgage loans held for investment		(3,017,626)		(51,691,213)
Total gains (losses) included in earnings		39,760,652	[3]	65,944,924	[4]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		126,549,190		141,179,620
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed Maturity Securities Available for Sale, Beginning		1,435,519		2,023,348
Originations and purchases
Sales, maturities and paydowns		(129,521)		(528,980)
Transfer to mortgage loans held for investment
Total gains (losses) included in earnings		(108)	[5]	1,957	[6]
Total gains (losses) included in other comprehensive income		(67,234)		(60,806)
Fixed Maturity Securities Available for Sale, Ending		$ 1,238,656		$ 1,435,519
[1]Included in other assets on the consolidated balance sheets[2]Included in other assets on the consolidated balance sheets[3]As a component of mortgage fee income on the consolidated statements of earnings[4]As a component of mortgage fee income on the consolidated statements of earnings[5]As a component of net investment income on the consolidated statements of earnings[6]As a component of net investment income on the consolidated statements of earnings

Schedule of Fair Value Assets M

Schedule of Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	$ 275,616,837	$ 308,123,927
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	794,224
Assets fair value disclosure nonrecurring	794,224
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment
Assets fair value disclosure nonrecurring
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment
Assets fair value disclosure nonrecurring
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired mortgage loans held for investment	794,224
Assets fair value disclosure nonrecurring	$ 794,224

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment (net of allowance for credit losses of $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	$ 275,616,837		$ 308,123,927
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	69,404,617		70,508,156
Restricted assets	20,028,976		18,935,055
Cemetery perpetual care trust investments	8,082,917		7,276,210
Mortgage servicing rights	3,461,146		3,039,765		$ 53,060,455
Mortgage servicing rights, estimated fair value	4,543,657		3,927,877
Bank and other loans payable	(105,555,137)		(161,712,804)
Future policy benefits and unpaid claims	(916,038,616)		(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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	99,519,750		90,290,776
Other investments and policy loans, estimated fair value	96,998,106		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 $3,818,653 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 $3,818,653 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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	96,998,106		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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	103,529,896		172,139,077
Other investments and policy loans, estimated fair value	103,529,896		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 $3,818,653 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 $3,818,653 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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	103,529,896		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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	72,567,191		45,694,074
Other investments and policy loans, estimated fair value	72,149,530		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 $3,818,653 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 $3,818,653 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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	72,149,530		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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	275,616,837		308,123,927
Other investments and policy loans, estimated fair value	272,677,532		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 $3,818,653 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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 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 $3,818,653 and $1,970,311 for 2023 and 2022, respectively)	272,677,532		304,793,907
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans, estimated fair value	13,264,183		13,095,473
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	13,264,183		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 (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)
Policy Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	13,264,183		13,095,473
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	44,051,486	[1]	45,332,585	[2]
Other investments and policy loans, estimated fair value	44,051,486	[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 (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)		[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 (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)		[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 (net of allowances for credit losses of $1,553,836 and $1,609,951 for 2023 and 2022, respectively)	44,051,486	[1]	45,332,585	[2]
Restricted Assets [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	675,219	[3]	1,731,469	[4]
Restricted assets, estimated fair value	675,219	[3]	1,731,469	[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	675,219	[3]	1,731,469	[4]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	246,865	[3]	1,506,517	[4]
Cemetery perpetual care trust investments, estimated fair value	246,865	[3]	1,506,517	[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments		[3]		[4]
Cemetery Perpetual Care Trust Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	246,865	[3]	1,506,517	[4]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	3,461,146		3,039,765
Mortgage servicing rights, estimated fair value	4,543,657		3,927,877
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	4,543,657		3,927,877
Bank And Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(105,555,137)		(161,712,804)
Bank and other loans payable, fair value	(105,555,137)		(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
Future policy benefits and unpaid claims		[5]		[6]
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	(105,555,137)		(161,712,804)
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(39,245,123)	[5]	(41,146,171)	[6]
Future policy benefits and unpaid claims	(48,920,691)	[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 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(48,920,691)	[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	(106,285,010)	[5]	(106,637,094)	[6]
Future policy benefits and unpaid claims	(102,177,585)	[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	$ (102,177,585)	[5]	$ (126,078,031)	[6]
[1]Included in other investments and policy loans on the consolidated balance sheets[2]Included in other investments and policy loans on the consolidated balance sheets[3]Mortgage loans held for investment[4]Mortgage loans held for investment[5]Included in future policy benefits and unpaid claims on the consolidated balance sheets[6]Included in future policy benefits and unpaid claims on the consolidated balance sheets

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details Narrative)	12 Months Ended
	Dec. 31, 2024
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 Changes in Accumula

Schedule of Changes in Accumulated Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on fixed maturity securities available for sale		$ 7,853,398	$ (39,493,861)
Amounts reclassified into net earnings		(39,074)	162,173
Unrealized gains (losses) on cemetery perpetual care trust investments		7,814,324	(39,331,688)
Tax benefit (expense)		(1,640,186)	8,259,656
Net		6,174,138	(31,072,032)
Tax benefit (expense)		(727)	5,093
Net		2,190	(15,353)
Other comprehensive income (loss) changes		6,184,719	(31,140,725)
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	11,175	(71,035)
Net		8,391	(53,340)
Tax benefit (expense)		(2,784)	17,695
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]	$ 2,917	$ (20,446)
[1]Fixed maturity securities available for sale

Schedule of Accumulated Balance

Schedule of Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Equity [Abstract]
Unrealized gains on fix maturity securities available-for-sale		$ (13,050,767)		$ 18,021,265
Increase (Decrease) in Unrealized gains on fixed maturity securities available-for-sale		6,174,138		(31,072,032)
Unrealized gains on fix maturity securities available-for-sale		(6,876,629)		(13,050,767)
Unrealized gains (losses) on restricted assets		(13,148)	[1]	40,192	[2]
Increase Dececrease in Unrealized gains (losses) on restricted assets		8,391	[1]	(53,340)	[2]
Unrealized gains (losses) on restricted assets	[1]	(4,757)		(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		2,190	[1]	(15,353)	[2]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(4,172)		(6,362)
Other comprehensive income (loss), Balance		(13,070,277)		18,070,448
Increase (Decrease) in Other comprehensive income (loss), Balance		6,184,719		(31,140,725)
Other comprehensive income (loss), Balance		$ (6,885,558)		$ (13,070,277)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale

Schedule of Derivative Assets a

Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 161,832,250	$ 453,371,808
Derivative asset, notional amount	4,995,486	4,089,856
Derivative liability, notional amount	3,412,224	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	161,832,250	454,894,908
Derivative asset, notional amount	4,995,486	4,089,856
Derivative liability, notional amount	$ 3,412,224	$ 1,426,582

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ (1,123,615)	$ (4,308,638)
Call and Put Options [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ 49,963	$ 202,886
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gains (losses) on investments and other assets	Gains (losses) on investments and other assets

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)			12 Months Ended
		Oct. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Balance before valuation allowance at beginning of year			$ 3,039,765	$ 53,060,455
MSR additions resulting from loan sales			1,009,312	10,243,922
Amortization	[1]		(587,931)	(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 year end			3,461,146	3,039,765
Balance at beginning of year
Additions
Balance at year end
Mortgage servicing rights, net			3,461,146	3,039,765
Estimated fair value of MSRs at end of period			$ 4,543,657	$ 3,927,877
[1]Included in other expenses on the consolidated statements of earnings

Schedule of Finite-Lived Intang

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Total	$ 3,002,667	$ 3,256,667
Mortgage Servicing Rights [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
2024	390,131
2025	342,170
2026	306,597
2027	271,773
2028	242,596
Thereafter	1,907,879
Total	$ 3,461,146

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Contractual servicing fees		$ 1,144,540	$ 15,792,105
Late Fee Income, Servicing Financial Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues		Other revenues
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other revenues		Other revenues
Late fees		97,300	$ 398,754
Total		$ 1,241,840	$ 16,190,859

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 414,147,436	$ 360,023,384

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	9.70	8.12
Average life	7 years 9 months 14 days	8 years 5 months 26 days
Discount rate	11.85	11.95

Mortgage Servicing Rights (Deta

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

Schedule of Liability for Futur

Schedule of Liability for Future Policy Benefits, by Product Segment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	$ 916,038,616	$ 889,327,303
Total receivable from reinsurers	14,857,059	15,033,938
Net future policy benefits and unpaid claims	901,181,557	874,293,365
Net unpaid claims	8,526,439	10,070,715	$ 8,797,983
Life Insurance Product Line [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	756,936,902	726,462,594
Total receivable from reinsurers	10,478,863	10,600,613
Net unpaid claims	8,129,161	9,404,263	8,015,101
Fixed Annuity [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	106,285,010	106,637,094
Total receivable from reinsurers	4,238,934	4,225,873
Net unpaid claims	379,278	649,452	678,378
Policyholder Account Balances [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	39,245,123	41,146,171
Accident and Health [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	572,689	603,526
Total receivable from reinsurers	77,917	79,467
Net unpaid claims	18,000	17,000	$ 104,504
Other Policyholder Funds [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	4,411,108	4,279,218
Reported but Unpaid Claims [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	3,525,774	5,651,030
Total receivable from reinsurers	48,345	110,985
Incurred but not Reported Claims [Member]
Effects of Reinsurance [Line Items]
Gross future policy benefits and unpaid claims	5,062,010	4,547,670
Total receivable from reinsurers	$ 13,000	$ 17,000

Summary of Liability for Report

Summary of Liability for Reported but Unpaid Claims and Incurred but not Reported Claims (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Effects of Reinsurance [Line Items]
Unpaid claims, Beginning balance		$ 10,070,715	$ 8,797,983
Unpaid claims, Incurred		61,390,517	59,377,962
Unpaid claims, Incurred		34,008,997	28,858,969
Unpaid claims, Incurred		4,612,346	4,688,470
Unpaid claims, Incurred		74,090,388	73,406,282
Unpaid claims, Settled		(75,634,664)	(72,133,550)
Unpaid claims, Ending balance		8,526,439	10,070,715
Life Insurance Product Line [Member]
Effects of Reinsurance [Line Items]
Unpaid claims, Beginning balance		9,404,263	8,015,101
Unpaid claims, Incurred	[1]	61,390,517	59,377,962
Unpaid claims, Settled		(62,665,619)	(57,988,800)
Unpaid claims, Ending balance		8,129,161	9,404,263
Fixed Annuity [Member]
Effects of Reinsurance [Line Items]
Unpaid claims, Beginning balance		649,452	678,378
Unpaid claims, Incurred	[2]	12,669,463	13,987,576
Unpaid claims, Settled		(12,939,637)	(14,016,502)
Unpaid claims, Ending balance		379,278	649,452
Accident and Health [Member]
Effects of Reinsurance [Line Items]
Unpaid claims, Beginning balance		17,000	104,504
Unpaid claims, Incurred	[3]	30,408	40,744
Unpaid claims, Settled		(29,408)	(128,248)
Unpaid claims, Ending balance		$ 18,000	$ 17,000
[1]See death benefits on the consolidated statements of earnings[2]Included in increase in future benefits on the consolidated statements of earnings[3]Included in surrender and other policy benefits on the consolidated statements of earnings

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		12 Months Ended
		Dec. 31, 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]	6,321,573	5,392,779
Contract asset, ending balance
Contract liability, ending balance		18,237,246	16,226,836
Increase (decrease) in accounts receivable	[1]	928,794	94,143
Increase (decrease) in contract asset
Increase (decrease) in contract liability		$ 2,010,410	$ 1,718,814
[1]Included in Receivables, net on the consolidated balance sheets

Schedule of Opening and Closi_2

Schedule of Opening and Closing Balances of the Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Contract asset, beginning balance
Contract liability, beginning balance	16,226,836	14,508,022
Contract asset, ending balance
Contract liability, ending balance	18,237,246	16,226,836
Pre-need Merchandise and Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Contract asset, beginning balance
Contract liability, beginning balance	15,289,901	13,722,348
Contract asset, ending balance
Contract liability, ending balance	17,424,764	15,289,901
At-need Specialty Merchandise Revenue [Member]
Disaggregation of Revenue [Line Items]
Contract asset, beginning balance
Contract liability, beginning balance	936,935	785,674
Contract asset, ending balance
Contract liability, ending balance	812,482	936,935
Pre-need Land Sales [Member]
Disaggregation of Revenue [Line Items]
Contract asset, beginning balance
Contract liability, beginning balance
Contract asset, ending balance
Contract liability, ending balance

Schedule of Revenues of the Cem

Schedule of Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net mortuary and cemetery sales	$ 27,864,811	$ 26,993,855
Major Goods/Services Lines At-need [Member]
Net mortuary and cemetery sales	19,957,735	21,283,237
Major Goods/Services Lines Pre-need [Member]
Net mortuary and cemetery sales	7,907,076	5,710,618
Timing of Revenue Recognition Goods Transferred at a Point in Time [Member]
Net mortuary and cemetery sales	17,560,899	16,412,963
Timing of Revenue Recognition Services Transferred at a Point in Time [Member]
Net mortuary and cemetery sales	$ 10,303,912	$ 10,580,892

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and mortuary contracts to Business Segment Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Pre-need merchandise and services	$ 3,951,267	$ 3,780,173
At-need specialty merchandise	23,090	35,371
Pre-need land sales
Deferred policy and pre-need contract acquisition costs	$ 3,974,357	$ 3,815,544

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 18,237,246	$ 16,226,836	$ 14,508,022
Revenue recognized included in the opening contract liability	4,539,540	4,588,290
Pre Need Merchandise and Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	17,424,764	15,289,901
At-need Specialty Merchandise Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue	812,482	$ 936,935
Deferred Pre-need Land Revenue [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue
Revenue, remaining performance obligation, percentage	10%

Schedule of Lease Cost Recogniz

Schedule of Lease Cost Recognized in Earnings (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Leases
Amortization of right-of-use assets ()	[1]	$ 25,573	$ 30,163
Interest on lease liabilities ()	[2]	1,713	2,773
Operating lease cost ()	[3]	3,914,954	4,498,894
Short-term lease cost	[3],[4]	1,874,556	1,135,003
Sublease income ()	[3]	(323,272)	(209,455)
Total lease cost		5,493,524	5,457,378
Operating cash flows from operating leases		4,007,919	4,250,630
Operating cash flows from finance leases		1,713	2,773
Financing cash flows from finance leases		27,868	31,685
Operating leases		160,348	2,054,534
Finance leases		$ 12,332
Finance lease, Weighted-average remaining lease term (in years)		3 years 3 months 14 days	1 year 3 months
Operating lease, Weighted-average remaining lease term (in years)		2 years 10 months 17 days	3 years 5 months 15 days
Finance lease, Weighted-average discount rate		6.81%	5.78%
Operating lease, Weighted-average discount rate		4.54%	4.50%
[1]Included in Depreciation on property and equipment on the consolidated statements of earnings[2]Included in Interest expense on the consolidated statements of earnings[3]Included in Rent and rent related expenses on the consolidated statements of earnings[4]Includes leases with a term of 12 months or less

Schedule of Future Minimum Rent

Schedule of Future Minimum Rental Payments for Finance Leases and Operating Leases (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Leases
Finance Leases 2024	$ 7,187
Operating Leases 2024	3,187,826
Finance Leases 2025	3,525
Operating Leases 2025	2,073,045
Finance Leases 2026	2,833
Operating Leases 2026	1,443,598
Finance Leases 2027	2,833
Operating Leases 2027	340,112
Finance Leases 2028	1,181
Operating Leases 2028	128,854
Finance Leases Thereafter
Operating Leases Thereafter	195,695
Finance Leases Total undiscounted lease payments	17,559
Operating Leases Total undiscounted lease payments	7,369,130
Finance Leases Less: Discount on cash flows	(2,009)
Operating Leases Less: Discount on cash flows	(480,588)
Finance Leases Present value of lease liabilities	15,550	$ 31,082
Operating Leases Present value of lease liabilities	$ 6,888,542	$ 10,596,471

Schedule of Right-of-Use Assets

Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Leases
Operating Lease, Right-of-Use Asset	$ 6,374,336	$ 9,987,699
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other	Other
Operating Lease Liabilities	$ 6,888,542	$ 10,596,471
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities and accrued expenses	Other liabilities and accrued expenses
Finance Lease, Right-of-Use Assets	$ 130,367	$ 228,221
Finance Lease, Right-of-Use Asset, Accumulated Amortization	(115,565)	(200,178)
Finance Lease, Right-of-Use Assets, Net	$ 14,802	$ 28,043
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property and equipment, net	Property and equipment, net
Finance Lease Liabilities	$ 15,550	$ 31,082
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Bank and other loans payable	Bank and other loans payable