Security National Financial (SNFCA) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - $ / shares	9 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-09341
Entity Registrant Name	Security National Financial Corporation
Entity Central Index Key	0000318673
Entity Tax Identification Number	87-0345941
Entity Incorporation, State or Country Code	UT
Entity Address, Address Line One	433 Ascension Way
Entity Address, Address Line Two	6th Floor
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84123
City Area Code	(801)
Local Phone Number	264-1060
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SNFCA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class A [Member]
Entity Common Stock, Shares Outstanding		21,155,319
Entity Listing, Par Value Per Share	$ 2
Common Class C [Member]
Entity Common Stock, Shares Outstanding		3,120,166
Entity Listing, Par Value Per Share	$ 2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Investments:
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	$ 346,513,336	$ 381,535,986
Equity securities at estimated fair value (cost of $11,357,095 and $10,571,505 for 2024 and 2023, respectively)	16,385,571	13,636,071
Mortgage loans held for investment (net of allowance for credit losses of $1,579,746 and $3,818,653 for 2024 and 2023, respectively)	281,734,182	275,616,837
Real estate held for investment (net of accumulated depreciation of $30,005,134 and $29,307,791 for 2024 and 2023, respectively)	200,490,556	183,419,292
Real estate held for sale	1,001,453	3,028,973
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	70,219,649	69,404,617
Accrued investment income	7,860,824	10,170,790
Total investments	924,205,571	936,812,566
Cash and cash equivalents	170,706,542	126,941,658
Loans held for sale at estimated fair value	142,897,741	126,549,190
Receivables (net of allowance for credit losses of $1,566,150 and $1,897,887 for 2024 and 2023, respectively)	16,451,703	15,335,315
Restricted assets (including $11,608,495 and $9,239,063 for 2024 and 2023 respectively, at estimated fair value)	27,957,336	20,028,976
Cemetery perpetual care trust investments (including $5,844,356 and $4,969,005 for 2024 and 2023, respectively, at estimated fair value)	8,945,781	8,082,917
Receivable from reinsurers	14,299,734	14,857,059
Cemetery land and improvements	9,786,769	9,163,691
Deferred policy and pre-need contract acquisition costs	121,827,365	116,351,067
Mortgage servicing rights, net	3,051,805	3,461,146
Property and equipment, net	17,745,106	19,175,099
Value of business acquired	7,643,791	8,467,613
Goodwill	5,253,783	5,253,783
Other	24,051,168	20,072,195
Total Assets	1,494,824,195	1,430,552,275
Liabilities
Future policy benefits and unpaid claims	937,811,456	916,038,616
Unearned premium reserve	2,054,164	2,543,822
Bank and other loans payable	106,989,925	105,555,137
Deferred pre-need cemetery and mortuary contract revenues	19,493,005	18,237,246
Cemetery perpetual care obligation	5,565,003	5,326,196
Accounts payable	3,245,452	2,936,968
Other liabilities and accrued expenses	56,994,869	53,266,090
Income taxes	16,348,255	13,752,981
Total liabilities	1,148,502,129	1,117,657,056
Stockholders’ Equity
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital	78,977,933	72,424,429
Accumulated other comprehensive loss, net of taxes	(42,545)	(6,885,558)
Retained earnings	225,400,933	206,978,373
Treasury stock at cost - 938,919 Class A shares and 37,503 Class C shares as of September 30, 2024; and 852,338 (1) Class A shares and 37,503 (1) Class C shares as of December 31, 2023	(6,490,559)	(5,661,737)
Total stockholders’ equity	346,322,066	312,895,219
Total Liabilities and Stockholders’ Equity	1,494,824,195	1,430,552,275
Common Class A [Member]
Stockholders’ Equity
Common stock value	42,235,972	40,096,004
Common Class B [Member]
Stockholders’ Equity
Common stock value
Common Class C [Member]
Stockholders’ Equity
Common stock value	$ 6,240,332	$ 5,943,708

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Amortized cost	$ 347,143,698	$ 390,884,441
Allowance for credit loss	414,602	314,549
Equity securities cost	11,357,095	10,571,505
Allowance for loan and lease losses, real estate	1,579,746	3,818,653
Real estate investment property, accumulated depreciation	30,005,134	29,307,791
Allowance for doubtful accounts, premiums and other receivables	1,540,835	1,553,836
Accounts receivable, allowance for credit loss	1,566,150	1,897,887
Aggregate fair value, restricted assets	11,608,495	9,239,063
Aggregate fair value, cemetery perpetual care trust investments	$ 5,844,356	$ 4,969,005
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	21,117,986	21,052,883	[1]
Common stock, shares outstanding	21,117,986	21,052,883	[1],[2]
Treasury stock, shares	938,919	852,338	[1]
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	3,120,166	3,120,432	[1]
Common stock, shares outstanding	3,120,166	3,120,432	[1],[2]
Treasury stock, shares	37,503	37,503	[1]
[1]Issued and outstanding shares have been adjusted retroactively for the effect of annual stock dividends.[2]Adjusted retroactively for the effect of annual stock dividends

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Mortgage fee income		$ 30,224,092	$ 24,936,019	$ 81,675,278	$ 77,003,778
Insurance premiums and other considerations		30,011,081	28,906,803	89,823,732	85,687,394
Net investment income		17,799,096	19,248,463	55,790,472	57,195,320
Net mortuary and cemetery sales		6,814,331	7,234,031	21,531,769	20,874,174
Gains (losses) on investments and other assets		1,347,656	(932,414)	2,639,843	(4,676)
Other		2,077,431	848,825	3,792,127	2,832,630
Total revenues		88,273,687	80,241,727	255,253,221	243,588,620
Benefits and expenses:
Death benefits		13,570,336	14,678,251	43,354,254	46,811,922
Surrenders and other policy benefits		1,194,692	1,467,066	3,453,425	3,550,416
Increase in future policy benefits		8,589,354	9,476,678	27,148,178	26,031,421
Amortization of deferred policy and pre-need acquisition costs and value of business acquired		2,287,003	4,480,457	11,332,305	13,615,359
Selling, general and administrative expenses:
Commissions		13,204,406	10,467,796	34,638,464	30,877,232
Personnel		21,249,554	20,234,106	61,907,265	62,705,033
Advertising		907,528	994,433	2,381,400	2,863,597
Rent and rent related		1,380,076	1,677,701	4,078,792	5,285,492
Depreciation on property and equipment		611,475	590,168	1,791,823	1,765,797
Costs related to funding mortgage loans		1,694,791	1,563,172	4,677,767	5,246,881
Other		6,191,624	7,124,347	19,476,918	22,308,291
Interest expense		1,060,653	1,151,534	3,161,943	4,019,669
Cost of goods and services sold-mortuaries and cemeteries		1,117,513	1,177,328	3,627,101	3,614,599
Total benefits and expenses		73,059,005	75,083,037	221,029,635	228,695,709
Earnings before income taxes		15,214,682	5,158,690	34,223,586	14,892,911
Income tax expense		(3,383,238)	(1,117,397)	(7,646,071)	(3,258,740)
Net earnings		$ 11,831,444	$ 4,041,293	$ 26,577,515	$ 11,634,171
Net earnings per Class A Equivalent common share	[1]	$ 0.51	$ 0.17	$ 1.14	$ 0.50
Net earnings per Class A Equivalent common share-assuming dilution	[1]	$ 0.49	$ 0.17	$ 1.11	$ 0.49
Weighted-average Class A equivalent common shares outstanding	[1]	23,240,725	23,169,141	23,287,707	23,171,889
Weighted-average Class A equivalent common shares outstanding-assuming dilution	[1]	24,053,486	23,975,784	23,984,233	23,837,693
[1]Net earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net earnings		$ 11,831,444	$ 4,041,293	$ 26,577,515	$ 11,634,171
Other comprehensive income:
Unrealized gains (losses) on fixed maturity securities available for sale		10,443,490	(6,805,602)	8,661,351	(6,580,750)
Unrealized gains (losses) on restricted assets	[1]	9,353	(12,284)	5,770	(14,340)
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	4,263	(2,487)	2,438	(3,299)
Other comprehensive income (loss), before income tax		10,457,106	(6,820,373)	8,669,559	(6,598,389)
Income tax (expense) benefit		(2,201,866)	1,432,846	(1,826,546)	1,386,368
Other comprehensive income (loss), net of income tax		8,255,240	(5,387,527)	6,843,013	(5,212,021)
Comprehensive income (loss)		$ 20,086,684	$ (1,346,234)	$ 33,420,528	$ 6,422,150
[1]Fixed maturity securities available for sale

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class C [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balance at Dec. 31, 2022	$ 37,516,062	$ 5,779,718	$ 64,767,769	$ (13,070,277)	$ 202,160,306	$ (4,366,651)	$ 292,786,927
Net earnings					1,240,172		1,240,172
Other comprehensive income (loss)				4,127,558			4,127,558
Stock-based compensation expense			143,671				143,671
Sale of treasury stock			(43,493)			620,651	577,158
Purchase of treasury stock						(1,204,357)	(1,204,357)
Conversion Class C to Class A	1,872	(1,872)
Exercise of stock options	96,092		(62,073)				34,019
Adoption of ASU 2016-13					(671,506)		(671,506)
Balance at Mar. 31, 2023	37,614,026	5,777,846	64,805,874	(8,942,719)	202,728,972	(4,950,357)	297,033,642
Balance at Dec. 31, 2022	37,516,062	5,779,718	64,767,769	(13,070,277)	202,160,306	(4,366,651)	292,786,927
Net earnings							11,634,171
Balance at Sep. 30, 2023	40,015,222	5,943,708	72,190,361	(18,282,298)	204,117,486	(6,090,935)	297,893,544
Balance at Mar. 31, 2023	37,614,026	5,777,846	64,805,874	(8,942,719)	202,728,972	(4,950,357)	297,033,642
Net earnings					6,352,706		6,352,706
Other comprehensive income (loss)				(3,952,052)			(3,952,052)
Stock-based compensation expense			141,954				141,954
Vesting of restricted stock units	810		(810)
Sale of treasury stock			(54,350)			623,056	568,706
Purchase of treasury stock			126,990			(1,514,049)	(1,387,059)
Conversion Class C to Class A	113,930	(113,930)
Exercise of stock options	159,284		(154,424)				4,860
Stock dividends	1,899,350	283,188	6,820,431		(9,002,969)
Balance at Jun. 30, 2023	39,787,400	5,947,104	71,685,665	(12,894,771)	200,078,709	(5,841,350)	298,762,757
Net earnings					4,041,293		4,041,293
Other comprehensive income (loss)				(5,387,527)			(5,387,527)
Stock-based compensation expense			145,973				145,973
Vesting of restricted stock units	810		(810)
Sale of treasury stock			98,387			458,530	556,917
Purchase of treasury stock			456,166			(708,115)	(251,949)
Conversion Class C to Class A	3,396	(3,396)
Exercise of stock options	223,006		(196,926)				26,080
Stock dividends	610		1,906		(2,516)
Balance at Sep. 30, 2023	40,015,222	5,943,708	72,190,361	(18,282,298)	204,117,486	(6,090,935)	297,893,544
Balance 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
Net earnings					7,474,522		7,474,522
Other comprehensive income (loss)				(895,098)			(895,098)
Stock-based compensation expense			199,887				199,887
Vesting of restricted stock units	810		(810)
Sale of treasury stock			103,788			366,733	470,521
Purchase of treasury stock						(41,077)	(41,077)
Conversion Class C to Class A	348	(348)
Balance at Mar. 31, 2024	40,097,162	5,943,360	72,727,294	(7,780,656)	214,452,895	(5,336,081)	320,103,974
Balance 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
Net earnings							26,577,515
Balance at Sep. 30, 2024	42,235,972	6,240,332	78,977,933	(42,545)	225,400,933	(6,490,559)	346,322,066
Balance at Mar. 31, 2024	40,097,162	5,943,360	72,727,294	(7,780,656)	214,452,895	(5,336,081)	320,103,974
Net earnings					7,271,549		7,271,549
Other comprehensive income (loss)				(517,129)			(517,129)
Stock-based compensation expense			184,066				184,066
Vesting of restricted stock units	920		(920)
Sale of treasury stock			13,201			252,208	265,409
Purchase of treasury stock						(1,588,058)	(1,588,058)
Conversion Class C to Class A	184	(184)
Exercise of stock options	64,164		(17,982)				46,182
Stock dividends	2,009,442	297,156	5,847,226		(8,153,824)
Balance at Jun. 30, 2024	42,171,872	6,240,332	78,752,885	(8,297,785)	213,570,620	(6,671,931)	325,765,993
Net earnings					11,831,444		11,831,444
Other comprehensive income (loss)				8,255,240			8,255,240
Stock-based compensation expense			196,326				196,326
Vesting of restricted stock units	920		(920)
Sale of treasury stock			21,281			224,469	245,750
Purchase of treasury stock						(43,097)	(43,097)
Exercise of stock options	62,860		7,550				70,410
Stock dividends	320		811		(1,131)
Balance at Sep. 30, 2024	$ 42,235,972	$ 6,240,332	$ 78,977,933	$ (42,545)	$ 225,400,933	$ (6,490,559)	$ 346,322,066

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net cash provided by operating activities	$ 34,894,323	$ 18,383,768
Cash flows from investing activities:
Purchases of fixed maturity securities	(45,346,681)	(50,158,586)
Sales, calls and maturities of fixed maturity securities	89,829,379	33,160,924
Purchases of equity securities	(2,769,612)	(6,464,200)
Sales of equity securities	2,018,249	5,891,964
Purchases of restricted assets	(2,536,814)	(1,836,290)
Sales, calls and maturities of restricted assets	1,171,707	387,049
Purchases of cemetery perpetual care trust investments	(2,487,924)	(493,833)
Sales, calls and maturities of perpetual care trust investments	2,383,653	177,932
Mortgage loans held for investment, other investments and policy loans made	(549,027,246)	(467,172,350)
Payments received for mortgage loans held for investment, other investments and policy loans	540,583,700	532,511,486
Purchases of property and equipment	(575,648)	(791,569)
Sales of property and equipment	365,693
Purchases of real estate	(46,189,096)	(17,219,245)
Sales of real estate	28,385,283	25,727,541
Net cash provided by investing activities	15,804,643	53,720,823
Cash flows from financing activities:
Investment contract receipts	10,193,442	9,323,700
Investment contract withdrawals	(11,520,918)	(11,657,189)
Proceeds from stock options exercised	116,592	64,959
Purchases of treasury stock	(1,672,232)	(2,843,365)
Repayment of bank loans	(1,423,826)	(69,133,305)
Proceeds from bank loans		68,500,000
Net change in warehouse line borrowings for loans held for sale	2,622,976	(52,720,401)
Net cash used in financing activities	(1,683,966)	(58,465,601)
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents	49,015,000	13,638,990
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	139,923,399	133,483,817
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	188,938,399	147,122,807
Cash paid during the year for:
Interest	3,124,591	4,182,368
Income taxes (net of refunds)	6,877,342	18,911,907
Non Cash Operating, Investing and Financing Activities:
Right-of-use assets obtained in exchange for operating lease liabilities	1,130,610	139,095
Benefit plans funded with treasury stock	981,680	1,702,781
Loans held for sale foreclosed into real estate held for sale	858,977
Right-of-use assets obtained in exchange for finance lease liabilities	176,040	12,332
Transfer of loans held for sale to mortgage loans held for investment		3,017,626
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
Cash and cash equivalents	170,706,542	134,751,854
Restricted assets	15,232,601	10,946,379
Cemetery perpetual care trust investments	$ 2,999,256	$ 1,424,574

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 11,831,444	$ 7,271,549	$ 7,474,522	$ 4,041,293	$ 6,352,706	$ 1,240,172	$ 26,577,515	$ 11,634,171

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1) Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Articles 8 and 10 of Regulation S-X. Accordingly, they do not include all the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements of the Company and notes thereto for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K (File Number 000-09341). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to adopt policies and make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In applying these policies and estimates, the Company makes judgments that frequently require assumptions about matters that are inherently uncertain. Accordingly, significant estimates used in the preparation of the Company’s financial statements may be subject to significant adjustments in future periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are those used in determining the value of derivative assets and liabilities; those used in determining deferred acquisition costs and the value of business acquired; those used in determining the value of mortgage loans foreclosed to real estate held for investment or sale; those used in determining the liability for future policy benefits and unearned revenue; those used in determining the estimated future costs for pre-need sales; those used in determining the value of mortgage servicing rights; those used in determining 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	2) Recent Accounting Pronouncements Accounting Standards Adopted in 2023 ASU No. 2016-13: “Financial Instruments – Credit Losses (Topic 326)” 671,506 Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU Amount Mortgage loans held for investment: Residential $ (192,607 ) Residential construction 301,830 Commercial 555,807 Total 665,030 Restriced assets - mortgage loans held for investment: Residential construction 3,463 Cemetery perpetual care trust investments - mortgage loans held for investment: Residential construction 3,013 Grand Total 671,506 Accounting Standards Issued But Not Yet Adopted ASU No. 2018-12: “Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts” SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 2) Recent Accounting Pronouncements 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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	3) Investments The Company’s investments as of September 30, 2024 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 76,328,048 $ 1,233,362 $ (451,493 ) $ - $ 77,109,917 Obligations of states and political subdivisions 5,940,034 19,228 (145,441 ) - 5,813,821 Corporate securities including public utilities 230,885,585 6,223,923 (3,885,889 ) (402,553 ) 232,821,066 Mortgage-backed securities 33,740,031 361,640 (3,571,090 ) (12,049 ) 30,518,532 Redeemable preferred stock 250,000 - - - 250,000 Total fixed maturity securities available for sale $ 347,143,698 $ 7,838,153 $ (8,053,913 ) $ (414,602 ) $ 346,513,336 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Total equity securities at estimated fair value $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Mortgage loans held for investment at amortized cost: Residential $ 88,452,336 Residential construction 130,683,596 Commercial 66,462,554 Less: Unamortized deferred loan fees, net (1,978,564 ) Less: Allowance for credit losses (1,579,746 ) Less: Net discounts (305,994 ) Total mortgage loans held for investment $ 281,734,182 Real estate held for investment - net of accumulated depreciation: Residential $ 73,610,520 Commercial 126,880,036 Total real estate held for investment $ 200,490,556 Real estate held for sale: Residential $ 849,900 Commercial 151,553 Total real estate held for sale $ 1,001,453 Other investments and policy loans at amortized cost: Policy loans $ 13,735,282 Insurance assignments 45,954,394 Federal Home Loan Bank stock (2) 2,378,200 Other investments 9,692,608 Less: Allowance for credit losses for insurance assignments (1,540,835 ) Total other investments and policy loans $ 70,219,649 Accrued investment income $ 7,860,824 Total investments $ 924,205,571 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 553,900 1,824,300 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The Company’s investments as of December 31, 2023 are summarized as follows: 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 for insurance assignments (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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) 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 September 30, 2024, other than investments issued or guaranteed by the United States Government. Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2024 and December 31, 2023. The fair values of fixed maturity securities are based on quoted market prices, when available. For fixed maturity securities not actively traded, fair values are estimated using values obtained from independent pricing services, or in the case of private placements, are estimated by discounting expected future cash flows using a current market value applicable to the coupon rate, credit and maturity of the investments. The table below sets forth unrealized losses by duration with the fair value of the related fixed maturity securities. Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Combined Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 534 $ 4,411,131 $ 450,959 $ 22,087,838 $ 451,493 $ 26,498,969 Obligations of states and political subdivisions - - 145,441 4,162,052 145,441 4,162,052 Corporate securities 171,711 15,096,035 3,714,178 83,653,386 3,885,889 98,749,421 Mortgage-backed securities 5,712 695,868 3,565,378 19,827,317 3,571,090 20,523,185 Totals $ 177,957 $ 20,203,034 $ 7,875,956 $ 129,730,593 $ 8,053,913 $ 149,933,627 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 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Totals $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924 Relevant holdings were comprised of 433 securities with fair values aggregating 94.9 94.9 20,342 1,741 100,053 222,264 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Evaluation of Allowance for Credit Losses See Note 2 regarding the adoption of ASU 2016-13. On a quarterly basis, the Company evaluates its fixed maturity securities classified as available for sale to identify any potential credit losses. This evaluation includes a review of current ratings by the National Association of Insurance Commissions (“NAIC”) and other industry rating agencies. Securities with a rating of 1 or 2 are considered investment grade and are not reviewed for credit loss unless current market data or recent company news could lead to a credit downgrade. Securities with ratings of 3 to 5 are evaluated for credit loss. The evaluation involves assessing all facts and circumstances surrounding each security including, but not limited to, historical values, interest payment history, projected earnings, and revenue growth rates as well as a review of the reason for a downgrade in the NAIC rating. Based on the analysis of a security that is rated 3 to 5, a determination is made whether the security will likely make interest and principal payments in accordance with the terms of the financial instrument. Securities with a rating of 6 are automatically determined to be impaired and a credit loss is recognized in earnings. Where the decline in fair value of fixed maturity securities is attributable to changes in market interest rates or to factors such as market volatility, liquidity and spread widening, and the Company anticipates recovery of all contractual or expected cash flows, the Company does not consider these securities to have credit loss because the Company does not intend to sell these securities and it is not more likely than not the Company will be required to sell these securities before a recovery of amortized cost, which may be at maturity. If the Company intends to sell a fixed maturity security or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, a credit loss has occurred and the difference between the amortized cost and the fair value that relates to the expected credit loss is recognized as a loss in earnings, included in gains (losses) on investments and other assets on the condensed consolidated statements of earnings. If the Company does not intend to sell a debt security and it is less likely than not that the Company will be required to sell the debt security but the Company also does not expect to recover the entire amortized cost basis of the security, a credit loss is recognized in earnings for the amount of the expected credit loss with a corresponding allowance for credit losses as a contra-asset account. The credit loss is included in gains (losses) on investments and other assets on the condensed consolidated statements of earnings. The recognized credit loss is limited to the total unrealized loss on the security due to a change in credit. Amounts on available for sale fixed maturities that are deemed to be uncollectible are written off and removed from the allowance for credit loss. A write-off may also occur if the Company intends to sell a security or when it is more likely than not that the Company will be required to sell the security before the recovery of its amortized cost. The Company does not measure a credit loss allowance on accrued interest receivable, included in accrued investment income on the condensed consolidated balance sheets, as the Company writes off any accrued interest receivable balance to net investment income in a timely manner (after 90 days) when the Company has concerns regarding collectability. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Credit Quality Indicators The NAIC assigns designations to fixed maturity securities. These designations range from Class 1 (highest quality) to Class 6 (lowest quality). The NAIC designations are utilized by insurers in preparing their annual statutory statements. NAIC Class 1 and 2 are considered investment grade while the NAIC Class 3 through 6 designations are considered non-investment grade. Based on the NAIC designations, the Company had 97.9 98.2 Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation September 30, 2024 December 31, 2023 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 176,865,129 $ 176,303,283 $ 221,933,425 $ 216,975,288 2 162,142,176 162,728,124 161,062,016 157,346,803 3 6,534,603 6,134,808 6,418,829 5,953,542 4 1,104,422 1,048,370 982,290 948,478 5 246,186 48,750 236,648 51,875 6 1,182 1 1,233 - Total $ 346,893,698 $ 346,263,336 $ 390,634,441 $ 381,275,986 The following tables present a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale for the three month periods ended September 30, 2024: Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale Three Months Ended September 30, 2024 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 - June 30, 2024 $ - $ - $ 382,211 $ 12,049 $ 394,260 Additions for credit losses not previously recorded - - 25,000 - 25,000 Change in allowance on securities with previous allowance - - (4,658 ) - (4,658 ) 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 - September 30, 2024 $ - $ - $ 402,553 $ 12,049 $ 414,602 Three Months Ended September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - June 30, 2023 $ - $ - $ 224,005 $ - $ 224,005 Additions for credit losses not previously recorded - - - - - Change in allowance on securities with previous allowance - - (1,741 ) - (1,741 ) Reductions for securities sold during the period - - (10,764 ) - (10,764 ) Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The following tables present a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale for the nine month periods ended September 30, 2024: Nine Months Ended September 30, 2024 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 - January 1, 2024 $ - $ - $ 308,500 $ 6,049 $ 314,549 Additions for credit losses not previously recorded - - 55,000 6,000 61,000 Change in allowance on securities with previous allowance - - 39,053 - 39,053 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 - September 30, 2024 $ - $ - $ 402,553 $ 12,049 $ 414,602 Nine Months Ended September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - January 1, 2023 $ - $ - $ - $ - $ - Balance $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - 42,764 - 42,764 Reductions for securities sold during the period - - (10,764 ) - (10,764 ) Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 Balance $ - $ - $ 211,500 $ - $ 211,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 2024, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 7,981,489 $ 7,842,911 Due in 2-5 years 136,017,903 136,085,053 Due in 5-10 years 103,303,678 106,137,140 Due in more than 10 years 65,850,597 65,679,700 Mortgage-backed securities 33,740,031 30,518,532 Redeemable preferred stock 250,000 250,000 Total $ 347,143,698 $ 346,513,336 Information regarding sales of fixed maturity securities available for sale is presented as follows. Schedule of Major Categories of Net Investment Income 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Proceeds from sales $ 181,949 $ 207,522 $ 789,190 $ 1,163,132 Gross realized gains - - 2,714 11,257 Gross realized losses (20,666 ) (3,368 ) (1,522 ) (57,472 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) 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 As of As of Fixed maturity securities available for sale at estimated fair value $ 6,402,068 $ 6,206,650 Other investments 400,000 400,000 Cash and cash equivalents 1,385,229 1,909,215 Total assets on deposit $ 8,187,297 $ 8,515,865 Assets held in trust related to third-party reinsurance agreements were as follows: As of As of Fixed maturity securities available for sale at estimated fair value $ 26,907,601 $ 27,903,952 Cash and cash equivalents 3,427,980 2,101,052 Total assets on deposit $ 30,335,581 $ 30,005,004 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. As of As of Fixed maturity securities available for sale at estimated fair value $ 66,564,387 $ 93,903,089 Total assets pledged as collateral $ 66,564,387 $ 93,903,089 Real Estate Held for Investment and Held for Sale The Company strategically deploys resources into real estate assets to match the income and yield durations of its primary obligations. The sources for these real estate assets come through its various business units in the form of acquisition, development, and mortgage foreclosures. Commercial Real Estate Held for Investment and Held for Sale The Company owns and manages commercial real estate assets as a means of both generating investment income and providing workspace for its employees. 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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) 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 will generally acquire assets as a result of company acquisitions or that are in regions expected to have high growth in employment and population and that provide operational efficiencies. The Company currently owns and operates six commercial properties in two 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 $ 120,756,194 124,381,467 96,470,650 97,807,614 During the three and nine month periods ended September 30, 2024 and 2023, the Company did not record any impairment losses on commercial real estate held for investment or held for sale. Impairment losses, if any, are included in gains (losses) on investment and other assets on the condensed consolidated statements of earnings. During the three month periods ended September 30, 2024 and 2023, the Company recorded depreciation expense on commercial real estate held for investment of $ 1,420,367 1,572,494 4,366,462 4,715,322 The Company’s commercial real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Utah (1) $ 126,861,284 $ 142,475,177 546,941 625,920 Louisiana 18,752 19,250 1,622 1,622 $ 126,880,036 $ 142,494,427 548,563 627,542 (1) Includes Center53 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Mississippi $ 151,553 $ 3,028,973 - 19,694 $ 151,553 $ 3,028,973 - 19,694 (1) Consists of approximately 93 acres of undeveloped land SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Residential Real Estate Held for Investment and Held for Sale The Company occasionally acquires residential homes through the mortgage loan foreclosure process. The Company has the option to sell these properties or to continue to hold them for expected cash flow and price appreciation. The Company established Security National Real Estate Services (“SNRE”) to manage its residential property portfolio. SNRE cultivates and maintains the preferred vendor relationships necessary to manage costs and quality of work performed on the Company’s entire residential property portfolio. During the three and nine month periods ended September 30, 2024 and 2023 the Company did no During the three month periods ended September 30, 2024 and 2023, the Company recorded depreciation expense on residential real estate held for investment of $ 2,653 2,648 7,958 7,944 The Company’s residential real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Residential Real Estate Investment Net Book Value September 30, December 31, Utah (1) $ 73,610,520 $ 40,924,865 $ 73,610,520 $ 40,924,865 (1) Includes multiple residential subdivision development projects The Company also invests in residential subdivision developments. The following table presents additional information regarding the Company’s residential subdivision development projects in Utah: September 30, December 31, Lots developed 35 42 Lots to be developed 1,304 1,145 Book Value $ 73,432,813 $ 40,739,201 The Company’s residential real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value September 30, December 31, Utah $ 849,900 $ - $ 849,900 $ - The net book value of foreclosed residential real estate included in residential real estate held for sale was $ 849,900 nil SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Real Estate Owned and Occupied by the Company The primary business units of the Company occupy a portion of the real estate owned by the Company. As of September 30, 2024, 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 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 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 812 Sheppard Street, Minden, LA (2) (3) Life Insurance Sales 1,560 100 % (1) Included in real estate held for investment on the condensed consolidated balance sheets (2) Included in property and equipment on the condensed consolidated balance sheets (3) Listed for sale Mortgage Loans Held for Investment Mortgage loans held for investment consist of first and second mortgages. The mortgage loans bear interest at rates ranging from 2.0 10.5 nine months 30 Concentrations of credit risk arise when a number of mortgage loan debtors have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Although the Company has a diversified mortgage loan portfolio consisting of residential mortgages, commercial loans and residential construction loans and requires collateral on all real estate exposures, a substantial portion of the relevant debtors’ ability to honor obligations is dependent upon the economic stability of the geographic region in which the debtors do business or are employed. As of September 30, 2024, the Company had 53 9 7 7 5 44 11 10 7 6 Mortgage loans held for investment are carried at their unpaid principal balances adjusted for net deferred fees, charge-offs, premiums, discounts, and the related allowance for credit losses. Interest income is included in net investment income on the condensed consolidated statements of earnings and is recognized when earned. The Company defers related material loan origination fees, net of related direct loan origination costs, and amortizes the net fees over the terms of the loans. Origination fees are included in net investment income on the condensed consolidated statements of earnings. Mortgage loans are secured by the underlying property and require an appraisal at the time of underwriting and funding. Generally, the Company requires that loans not exceed 80% of the fair market value of the respective loan collateral. For loans of more than 80% of the fair market value of the respective loan collateral, additional collateral or mortgage insurance by an approved third-party insurer is required. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Evaluation of Allowance for Credit Losses See Note 2 regarding the adoption of ASU 2016-13. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the Company’s mortgage loans held for investment to present the net amount expected to be collected. The Company reports in net earnings, as a credit loss expense, the amount necessary to adjust the allowance for credit losses for the Company’s current estimate of expected credit losses on mortgage loans held for investment. This credit loss expense is included in other expenses on the condensed consolidated statements of earnings. Once a mortgage loan is past due 90 days, it is the policy of the Company to end the accrual of interest income on the loan and reverse any interest income that had been accrued. Given this policy, the Company does not measure a credit loss allowance on accrued interest receivable. Accrued interest receivable is included in accrued investment income on the condensed consolidated balance sheets. Payments received for mortgage loans on a non-accrual status are recognized when received. The interest income recognized from payments received for mortgage loans on a non-accrual status was immaterial. Accrual of interest resumes if a mortgage loan is brought current. Interest not accrued on these loans totaled approximately $ 297,000 237,000 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. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments Residential construction (including land acquisition and development) Additionally, land acquisition and development loans are underwritten in accordance with the Company’s underwriting policies, which include independent appraisal valuations as well as the estimated value associated with the land upon completion of development into finished lots. These loans are of a higher risk than other mortgage loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term or construction financing, and interest rate sensitivity. 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 Three Months Ended Commercial Residential Residential Total Beginning balance - June 30, 2024 $ 849,323 $ 1,779,386 $ 225,143 $ 2,853,852 Adoption of ASU 2016-13 (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) (87,611 ) (127,239 ) 36,229 (178,621 ) Charge-offs - (1,095,485 ) - (1,095,485 ) Ending balance - September 30, 2024 $ 761,712 $ 556,662 $ 261,372 $ 1,579,746 Beginning balance - June 30, 2023 $ 831,055 $ 1,589,860 $ 242,645 $ 2,663,560 Change in provision for credit losses (2) (20,873 ) 10,310 (40,053 ) (50,616 ) Charge-offs - - - - Ending balance - September 30, 2023 $ 810,182 $ 1,600,170 $ 202,592 $ 2,612,944 Nine Months Ended Commercial Residential Residential Total Beginning balance - January 1, 2024 $ 1,219,653 $ 2,390,894 $ 208,106 $ 3,818,653 Change in provision for credit losses (2) (457,941 ) (738,747 ) 53,266 (1,143,422 ) Charge-offs - (1,095,485 ) - (1,095,485 ) Ending balance - September 30, 2024 $ 761,712 $ 556,662 $ 261,372 $ 1,579,746 Beginning balance - January 1, 2023 $ 187,129 $ 1,739,

Loans Held for Sale

Loans Held for Sale	9 Months Ended
	Sep. 30, 2024
Loans Held For Sale
Loans Held for Sale	4) Loans Held for Sale The Company’s loans held for sale portfolio is valued using the fair value option. Changes in the fair value of the loans are included in mortgage fee income. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on recognition of mortgage loan interest income and is included in mortgage fee income on the condensed consolidated statement of earnings. Included in loans held for sale are loans in the process of foreclosure with an aggregate unpaid principal balance of $ 332,848 1,636,090 The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale: Schedule of Aggregate Fair Value Loans Held for Sale As of As of Aggregate fair value $ 142,897,741 $ 126,549,190 Unpaid principal balance 139,678,479 127,185,867 Unrealized gain (loss) 3,219,262 (636,677 ) 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 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Loan fees $ 7,358,830 $ 6,033,227 $ 20,245,527 $ 16,408,443 Interest income 2,357,379 2,637,971 6,104,113 7,265,516 Secondary gains 17,982,124 17,625,394 51,387,693 54,884,965 Change in fair value of loan commitments (179,836 ) (1,504,286 ) 811,765 (977,716 ) Change in fair value of loans held for sale 2,959,729 (108,676 ) 3,855,914 (715,799 ) Provision for loan loss reserve (254,134 ) 252,389 (729,734 ) 138,369 Mortgage fee income $ 30,224,092 $ 24,936,019 $ 81,675,278 $ 77,003,778 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: Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses As of As of Balance, beginning of period $ 547,233 $ 1,725,667 Provision on current loan originations (1) 729,734 27,164 Charge-offs, net of recaptured amounts (444,882 ) (1,205,598 ) Balance, end of period $ 832,085 $ 547,233 (1) Included in mortgage fee income The Company maintains reserves for estimated losses on current production volumes. For the nine month period ended September 30, 2024, $ 729,734 420 1,000,000 770,220 450 1,000,000 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	5) Stock Compensation Plans The Company has equity incentive plans (the “2013 Plan”, the “2014 Director Plan” and the “2022 Plan”). Stock Options Stock based compensation expense for stock options issued of $ 195,431 145,973 577,613 430,856 134,239 The fair value of each option granted is estimated on the date of grant using the Black Scholes Option Pricing Model. The Company estimates the expected life of the options using the simplified method. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock over a period equal to the expected life of the options. The risk-free interest rate for the expected life of the options is based upon the Federal Reserve Board’s daily interest rates in effect at the time of the grant. Activity of the stock option plans during the nine month period ended September 30, 2024, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Number of Weighted Outstanding at January 1, 2024 833,570 $ 4.91 1,520,062 $ 5.57 Adjustment for the effect of stock dividends 38,724 76,005 Granted 16,500 - Exercised (88,714 ) - Cancelled (17,333 ) - Outstanding at September 30, 2024 782,747 $ 5.16 1,596,067 $ 5.57 As of September 30, 2024: Options exercisable 751,872 $ 5.05 1,519,817 $ 5.46 As of September 30, 2024: Available options for future grant 39,006 556,238 Weighted average contractual term of options outstanding at September 30, 2024 4.91 5.74 Weighted average contractual term of options exercisable at September 30, 2024 4.73 5.63 Aggregated intrinsic value of options outstanding at September 30, 2024 (1) $ 3,165,305 $ 5,793,310 Aggregated intrinsic value of options exercisable at September 30, 2024 (1) $ 3,119,776 $ 5,676,723 (1) The Company used a stock price of $ 9.20 (2) Adjusted for the effect of annual stock dividends. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 5) Stock Compensation Plans Activity of the stock option plans during the nine month period ended September 30, 2023, is summarized as follows: Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price Outstanding at January 1, 2023 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 16,000 - Exercised (233,180 ) - Cancelled - - Outstanding at September 30, 2023 797,691 $ 4.78 1,215,062 $ 5.31 As of September 30, 2023: Options exercisable 770,066 $ 4.73 1,141,312 $ 5.25 As of September 30, 2023: Available options for future grant 171,386 834,750 Weighted average contractual term of options outstanding at September 30, 2023 4.69 6.15 Weighted average contractual term of options exercisable at September 30, 2023 4.53 6.03 Aggregated intrinsic value of options outstanding at September 30, 2023 (1) $ 2,438,675 $ 3,074,037 Aggregated intrinsic value of options exercisable at September 30, 2023 (1) $ 2,398,360 $ 2,955,012 (1) The Company used a stock price of $ 7.84 (2) Adjusted for the effect of annual stock dividends. The total intrinsic value (which is the amount by which the fair value of the underlying stock exceeds the exercise price of an option on the exercise date) of stock options exercised during the nine month periods ended September 30, 2024 and 2023 was $ 290,159 454,923 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 5) Stock Compensation Plans Restricted Stock Units (“RSUs”) Stock based compensation expense for RSUs issued of $ 895 nil 2,666 742 598 Activity of the RSUs during the nine month period ended September 30, 2024 is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Non-vested at January 1, 2024 2,245 $ 7.72 Granted - Vested (1,325 ) Non-vested at September 30, 2024 920 $ 7.99 Available RSUs for future grant 16,540 Activity of the RSUs during the nine month period ended September 30, 2023 is summarized as follows: Number of Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 1,620 $ 6.48 Granted - Vested (810 ) Non-vested at September 30, 2023 810 $ 6.48 Available RSUs for future grant 18,380 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	6) Earnings Per Share Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator: Net earnings $ 11,831,444 $ 4,041,293 $ 26,577,515 $ 11,634,171 Denominator: Basic weighted-average shares outstanding 23,240,725 23,169,141 23,287,707 23,171,889 Effect of dilutive securities: Employee stock options 812,761 806,643 696,526 665,804 Diluted weighted-average shares outstanding 24,053,486 23,975,784 23,984,233 23,837,693 Basic net earnings per share $ 0.51 $ 0.17 $ 1.14 $ 0.50 Diluted net earnings per share $ 0.49 $ 0.17 $ 1.11 $ 0.49 For the nine month periods ended September 30, 2024 and 2023, there were nil 55,125 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, 2022 (1) 19,708,011 3,031,453 Exercise of stock options 239,191 - Vesting of restricted stock units 810 - Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at September 30, 2023 20,007,611 2,971,854 Outstanding shares at December 31, 2023 (1) 21,052,883 3,120,432 Exercise of stock options 63,512 - Vesting of restricted stock units 1,325 - Conversion of Class C to Class A 266 (266 ) Outstanding shares at September 30, 2024 21,117,986 3,120,166 (1) Adjusted retroactively for the effect of annual stock dividends SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Business Segment Information	7) Business Segment Information Description of Products and Services by Segment The Company has three Measurement of Segment Profit or Loss and Segment Assets The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles of the Form 10-K for the year ended December 31, 2023. Intersegment revenues are recorded at cost plus an agreed upon intercompany profit, and are eliminated upon consolidation. Factors Management Used to Identify the Enterprise’s Reportable Segments The Company’s reportable segments are business units that are managed separately due to the different products provided and the need to report separately to the various regulatory jurisdictions. The Company regularly reviews the quantitative thresholds and other criteria to determine when other business segments may need to be reported. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 7) Business Segment Information Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Consolidated For the Three Months Ended September 30, 2024 Revenues from external customers $ 48,853,356 $ 8,542,677 $ 30,877,654 $ - $ 88,273,687 Intersegment revenues 2,066,052 85,699 137,946 (2,289,697 ) - Segment profit (loss) before income taxes 12,358,186 2,840,346 16,150 - 15,214,682 For the Nine Months Ended September 30, 2024 Revenues from external customers $ 146,061,306 $ 25,608,123 $ 83,583,792 $ 255,253,221 Intersegment revenues 5,351,600 255,234 429,541 (6,036,375 ) - Segment profit (loss) before income taxes 28,052,410 7,984,287 (1,813,111 ) 34,223,586 Identifiable Assets $ 1,379,914,778 $ 103,403,799 $ 99,663,509 $ (93,411,674 ) $ 1,489,570,412 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,382,680,348 $ 105,892,012 $ 99,663,509 $ (93,411,674 ) $ 1,494,824,195 For the Three Months Ended September 30, 2023 Revenues from external customers $ 47,199,169 $ 7,416,423 $ 25,626,135 $ - $ 80,241,727 Intersegment revenues 2,330,292 85,699 133,639 (2,549,630 ) - Segment profit (loss) before income taxes 7,175,181 1,469,592 (3,486,083 ) - 5,158,690 For the Nine Months Ended September 30, 2023 Revenues from external customers $ 140,685,555 $ 23,427,327 $ 79,475,738 $ 243,588,620 Intersegment revenues 6,357,810 254,302 393,145 (7,005,257 ) - Segment profit (loss) before income taxes 20,017,102 6,082,343 (11,206,534 ) 14,892,911 Identifiable Assets $ 1,299,027,212 $ 92,299,022 $ 107,800,781 $ (90,608,563 ) $ 1,408,518,452 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,301,792,782 $ 94,787,235 $ 107,800,781 $ (90,608,563 ) $ 1,413,772,235 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8) Fair Value of Financial Instruments GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also specifies a fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. Fair value measurements are classified under the following hierarchy: Level 1: Level 2: a) Quoted prices for similar assets or liabilities in active markets. b) Quoted prices for identical or similar assets or liabilities in non-active markets; or c) Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability. Level 3: The Company utilizes a combination of third-party valuation service providers, brokers, and internal valuation models to determine fair value. The following methods and assumptions were used by the Company in estimating the fair value disclosures related to significant financial instruments. The items shown under Level 1 and Level 2 are valued as follows: Fixed Maturity Securities Available for Sale Equity Securities Restricted Assets Cemetery Perpetual Care Trust Investments Additionally, there were no transfers between Level 1 and Level 2 in the fair value hierarchy. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The items shown under Level 3 are valued as follows: Loans Held for Sale Loan Commitments and Forward Sale Commitments The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted MBS prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued. Following issuance, the value of a mortgage loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will be funded within the terms of the commitments. Impaired Mortgage Loans Held for Investment Impaired Real Estate Held for Investment It should be noted that for replacement cost, when determining the fair value of real estate held for investment, the Company uses a provider of building cost information to the real estate construction industry. For the investment analysis, the Company uses market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company also considers area comparable properties and property conditions when determining fair value. In addition to this analysis performed by the Company, the Company depreciates Real Estate Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values. Mortgage Servicing Rights SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of September 30, 2024: 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 $ 346,513,336 $ - $ 345,281,782 $ 1,231,554 Equity securities 16,385,571 16,385,571 - - Loans held for sale 142,897,741 - - 142,897,741 Restricted assets (1) 1,747,584 - 1,747,584 - Restricted assets (2) 9,860,911 9,860,911 - - Cemetery perpetual care trust investments (1) 771,935 771,935 - Cemetery perpetual care trust investments (2) 5,072,421 5,072,421 - - Derivatives - loan commitments (3) 5,563,882 - - 5,563,882 Total assets accounted for at fair value on a $ 528,813,381 $ 31,318,903 $ 347,801,301 $ 149,693,177 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) (3,168,855 ) - - (3,168,855 ) Total liabilities accounted for at fair value $ (3,168,855 ) $ - $ - $ (3,168,855 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of December 31, 2023: 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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments For Level 3 assets and liabilities measured at fair value on a recurring basis as of September 30, 2024, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis Fair Value at Significant Range of Inputs September Valuation Unobservable Minimum Maximum Weighted 30, 2024 Technique Input(s) Value Value Average Loans held for sale $ 142,897,741 Market approach Investor contract pricing as a percentage of unpaid principal balance 87.0 % 107.0 % 102.0 % Derivatives - loan commitments (net) 2,395,027 Market approach Pull-through rate 65.0 % 100.0 % 85.0 % Initial-Value N/A N/A N/A Servicing 0 bps 135 bps 44 bps Fixed maturity securities available for sale 1,231,554 Broker quotes Pricing quotes $ 98.40 $ 100.00 $ 99.27 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: Fair Value at Significant Range of Inputs December Valuation Unobservable Minimum Maximum Weighted 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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three month period ended September 30, 2024: Schedule of Changes in Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2024 $ 2,574,863 $ 150,196,416 $ 1,237,469 Originations and purchases - 633,213,359 - Sales, maturities and paydowns - (655,088,969 ) - Total gains (losses): Included in earnings (179,836 )(1) 14,576,935 (1) - (2) Included in other comprehensive income - - (5,915 ) Balance - September 30, 2024 $ 2,395,027 $ 142,897,741 $ 1,231,554 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three month period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2023 $ 3,233,447 $ 161,310,060 $ 1,431,874 Originations and purchases - 569,095,944 - Sales, maturities and paydowns - (585,545,472 ) (129,521 ) Transfer to mortgage loans held for investment (1,867,552 ) Total gains (losses): Included in earnings (1,504,286 )(1) 9,553,586 (1) (109 )(2) Included in other comprehensive income - - (70,057 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 2024: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2023 $ 1,583,262 $ 126,549,190 $ 1,238,656 Originations and purchases - 1,723,036,874 - Sales, maturities and paydowns - (1,742,693,113 ) - Transfer to mortgage loans held for investment - - - Loans held for sale foreclosed into real estate held for sale (858,977 ) Total gains (losses): Included in earnings 811,765 (1) 36,863,767 (1) - (2) Included in other comprehensive income - - (7,102 ) Balance - September 30, 2024 $ 2,395,027 $ 142,897,741 $ 1,231,554 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations and purchases - 1,708,831,185 - Sales, maturities and paydowns - (1,726,023,095 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (977,716 )(1) 31,576,482 (1) (109 )(2) Included in other comprehensive income - - (73,702 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The Company did not have any financial assets and financial liabilities measured at fair value on a nonrecurring basis as of September 30, 2024 and as of December 31, 2023. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments Fair Value of Financial Instruments Carried at Other Than Fair Value ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. 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 September 30, 2024 and December 31, 2023. The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of September 30, 2024: Schedule of Financial Instruments Carried at Other Than Fair Value Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 86,548,141 $ - $ - $ 88,394,509 $ 88,394,509 Residential construction 129,732,885 - - 129,732,885 129,732,885 Commercial 65,453,156 - - 66,238,958 66,238,958 Mortgage loans held for investment, net $ 281,734,182 $ - $ - $ 284,366,352 $ 284,366,352 Policy loans 13,735,282 - - 13,735,282 13,735,282 Insurance assignments, net (1) 44,413,559 - - 44,413,559 44,413,559 Restricted assets (2) 1,111,073 - - 1,111,073 1,111,073 Cemetery perpetual care trust investments (2) 99,800 - - 99,800 99,800 Mortgage servicing rights, net 3,051,805 - - 4,170,880 4,170,880 Liabilities Bank and other loans payable $ (106,989,925 ) $ - $ - $ (92,105,403 ) $ (92,105,403 ) Policyholder account balances (3) (37,305,721 ) - - (38,150,732 ) (38,150,732 ) Future policy benefits - annuities (3) (106,361,533 ) - - (105,136,015 ) (105,136,015 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2023: 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 The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of these financial instruments are summarized as follows: Mortgage Loans Held for Investment Residential – The estimated fair value is determined through a combination of discounted cash flows (estimating expected future cash flows of payments and discounting them using current interest rates from single-family mortgages) and considering pricing of similar loans that were sold recently. Residential Construction – These loans are primarily short in maturity. Accordingly, the estimated fair value is determined to be the carrying value. Commercial – The estimated fair value is determined by estimating expected future cash flows of payments and discounting them using current interest rates for commercial mortgages. Policy Loans Insurance Assignments, Net SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments Bank and Other Loans Payable Policyholder Account Balances and Future Policy Benefits-Annuities 1.5 6.5

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	9) Derivative Instruments Mortgage Banking Derivatives Loan Commitments The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of loan commitments from the time a loan commitment is made to an applicant to the time the loan that would result from the exercise of that loan commitment is funded. Managing price risk is complicated by the fact that the ultimate percentage of loan commitments that will be exercised (i.e., the number of loans that will be funded) fluctuates. The probability that a loan will not be funded, or the loan application is denied or withdrawn within the terms of the commitment is driven by several factors, particularly the change, if any, in mortgage rates following the issuance of the loan commitment. In general, the probability of funding increases if mortgage rates rise and decreases if mortgage rates fall. This is due primarily to the relative attractiveness of current mortgage rates compared to the applicant’s committed rate. The probability that a loan will not be funded within the terms of the mortgage loan commitment also is influenced by the source of the applications (retail, broker or correspondent channels), proximity to rate lock expiration, purpose for the loan (purchase or refinance), product type and the application approval status. The Company has developed fallout estimates using historical data that consider all the variables, as well as renegotiations of rate and point commitments that tend to occur when mortgage rates fall. These fallout estimates are used to estimate the number of loans that the Company expects to be funded within the terms of the loan commitments and are updated periodically to reflect the most current data. The Company estimates the fair value of a loan commitment based on the change in estimated fair value of the underlying mortgage loan, quoted mortgage-backed securities (“MBS”) prices, estimates of the fair value of mortgage servicing rights, and an estimate of the probability that the mortgage loan will fund within the terms of the commitment net of estimated commission expense. The change in fair value of the underlying mortgage loan is measured from the date the loan commitment is issued and is shown net of related expenses. Following issuance, the value of a loan commitment can be either positive or negative depending upon the change in value of the underlying mortgage loans. Fallout rates and other factors from the Company’s recent historical data are used to estimate the quantity and value of mortgage loans that will be funded within the terms of the commitments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 9) Derivative Instruments Forward Sale Commitments The Company utilizes forward commitments to economically hedge the price risk associated with its outstanding mortgage loan commitments. A forward commitment protects the Company from losses on sales of the loans arising from exercise of the loan commitments. Management expects these types of commitments will experience changes in fair value opposite to changes in fair value of the loan commitments, thereby reducing earnings volatility related to the recognition in earnings of changes in the values of the commitments. The net changes in fair value of loan commitments and forward sale commitments are shown in current earnings as a component of mortgage fee income on the consolidated statements of earnings. Mortgage banking derivatives are shown in other assets and other liabilities and accrued expenses on the condensed consolidated balance sheets. The following table shows the fair value and notional amounts of derivative instruments: Schedule of Derivative Assets at Fair Value September 30, 2024 December 31, 2023 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 $ 270,461,098 $ 5,563,882 $ 3,168,855 $ 161,832,250 $ 4,995,486 $ 3,412,224 Total $ 270,461,098 $ 5,563,882 $ 3,168,855 $ 161,832,250 $ 4,995,486 $ 3,412,224 The table below presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30, Nine Months Ended September 30, Derivative Classification 2024 2023 2024 2023 Loan commitments Mortgage fee income $ (179,836 ) $ (1,504,286 ) $ 811,765 $ (977,716 ) SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Reinsurance, Commitments and Co

Reinsurance, Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Reinsurance, Commitments and Contingencies	10) Reinsurance, Commitments and Contingencies Reinsurance The Company follows the procedure of reinsuring risks of more than a specified limit, which ranges from $ 25,000 100,000 Mortgage Loan Loss Settlements Future loan losses can be extremely difficult to estimate. However, the Company believes that the Company’s reserve methodology and its current practice of property preservation allow it to estimate its potential losses on loans sold. See Note 4 to the condensed consolidated financial statements for additional information about the Company’s loan loss reserve. Debt Covenants for Mortgage Warehouse Lines of Credit The Company, through its subsidiary SecurityNational Mortgage, has two lines of credit for the purpose of funding mortgage loans. The Company’s agreement with U.S. Bank allows SecurityNational Mortgage to borrow up to $ 15,000,000 charges interest at 2.10% plus the greater of (i) 0%, and (ii) the one-month forward-looking term rate based on SOFR June 20, 2025 1.00 The Company’s agreement with Western Alliance Bank allows SecurityNational Mortgage to borrow up to $ 25,000,000 charges interest at the 1-Month SOFR rate plus 2.0% August 27, 2025 1.00 The agreements for both warehouse lines of credit include cross default provisions where certain events of default under other of SecurityNational Mortgage’s obligations constitute events of default under the warehouse lines of credit. As of September 30, 2024, the Company was 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. The Company has performed an internal analysis of its funding capacities of both internal and external sources and has determined that there are sufficient funds to continue its current business model. The Company continues to negotiate other warehouse lines of credit with other lenders. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 10) Reinsurance, Commitments and Contingencies Debt Covenants for Revolving Lines of Credit and Bank Loans The Company also 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 September 30, 2024, the Company was in compliance with all these debt covenants. Other Contingencies and Commitments The Company has commitments to fund existing construction and land development loans pursuant to the various loan agreements. As of September 30, 2024, the Company’s commitments were approximately $ 193,870,000 131,896,896 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 analysis concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements. The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Mortgage Servicing Rights	11) Mortgage Servicing Rights The Company initially records its MSRs at fair value as discussed in Note 8. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. Amortization expense is included in other expenses on the consolidated statements of earnings. MSR amortization is determined by amortizing the MSR balance in proportion to, and over the period of the estimated future net servicing income of the underlying financial assets. The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current-period earnings and the carrying value of the MSRs is adjusted through a valuation allowance. The Company periodically reviews the various loan strata to determine whether the value of the MSRs in each stratum is impaired and likely to recover. If the Company deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance. The following table presents the MSR activity: Schedule of Mortgage Servicing Rights As of September 30, As of December 31, Amortized cost: Balance before valuation allowance at beginning of year $ 3,461,146 $ 3,039,765 MSR additions resulting from loan sales (1) 49,226 1,009,312 Amortization (2) (458,567 ) (587,931 ) Sale of MSRs - - Application of valuation allowance to write down MSRs - - Balance before valuation allowance at end of period $ 3,051,805 $ 3,461,146 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 3,051,805 $ 3,461,146 Estimated fair value of MSRs at end of period $ 4,170,880 $ 4,543,657 (1) Included in mortgage fee income on the condensed consolidated statements of earnings (2) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 11) Mortgage Servicing Rights The table below summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the Company’s assumptions in its September 30, 2024 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 359,390 2025 309,358 2026 275,446 2027 243,362 2028 216,468 Thereafter 1,647,781 Total $ 3,051,805 The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the condensed consolidated statement of earnings. Schedule of Other Revenues 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended 2024 2023 2024 2023 Contractual servicing fees $ 237,531 $ 249,050 $ 736,137 $ 892,668 Late fees 17,349 21,037 56,637 84,358 Total $ 254,880 $ 270,087 $ 792,774 $ 977,026 The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio As of September 30, As of December 31, 2023 Servicing UPB $ 391,681,072 $ 414,147,436 The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount September 30, 2024 10.60 7.45 11.81 December 31, 2023 9.70 7.79 11.85 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	12) Income Taxes The Company’s overall effective tax rate for the three month periods ended September 30, 2024 and 2023 was 22.2 21.7 3,383,238 1,117,397 22.3 21.9 7,646,071 3,258,740 21 Interim income taxes are based on an estimated annualized effective tax rate applied to the respective quarterly periods, adjusted for discrete tax items in the period in which they occur. Although the Company believes its tax estimates are reasonable, the Company can make no assurance that the final tax outcome of these matters will not be different from that which it has reflected in its historical income tax provisions and accruals.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues from Contracts with Customers	13) Revenues from Contracts with Customers The Company reports revenues from contracts with customers pursuant to ASC No. 606, Revenue from Contracts with Customers Information about Performance Obligations and Contract Balances The Company’s cemetery and mortuary segment sells a variety of goods and services to customers in both at-need and pre-need situations. Due to the timing of the fulfillment of the obligation, revenue is deferred until that obligation is fulfilled. The Company’s three types of future obligations are as follows: Pre-need Merchandise and Service Revenue At-need Specialty Merchandise Revenue Deferred Pre-need Land Revenue Complete payment of the contract does not constitute fulfillment of the performance obligation. Goods or services are deferred until such a time the service is performed or merchandise is received. Pre-need contracts are required to be paid in full prior to a customer using a good or service from a pre-need contract. Goods and services from pre-need contracts can be transferred when paid in full from one owner to another. In such cases, the Company will act as an agent in transferring the requested goods and services. The transfer of goods and services does not fulfill an obligation and revenue remains deferred. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 13) Revenues from Contracts with Customers (Continued) The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2024) $ 6,321,573 $ - $ 18,237,246 Closing (September 30, 2024) 6,593,720 - 19,493,005 Increase/(decrease) 272,147 - 1,255,759 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2023) $ 5,392,779 $ - $ 16,226,836 Closing (December 31, 2023) 6,321,573 - 18,237,246 Increase/(decrease) 928,794 - 2,010,410 (1) Included in Receivables, net on the condensed consolidated balance sheets The amount of revenue recognized and included in the opening contract liability balance for the three month periods ended September 30, 2024 and 2023 was $ 1,320,688 1,279,750 4,256,184 3,516,215 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 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Major goods/service lines At-need $ 5,024,330 $ 4,832,352 $ 15,299,010 $ 14,985,838 Pre-need 1,790,001 2,401,679 6,232,759 5,888,336 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174 Timing of Revenue Recognition Goods transferred at a point in time $ 4,064,864 $ 4,762,777 $ 13,287,515 $ 13,321,412 Services transferred at a point in time 2,749,467 2,471,254 8,244,254 7,552,762 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 13) Revenues from Contracts with Customers (Continued) The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174 Gains (losses) on investments and other assets 1,124,513 (452,120 ) 1,503,865 (200,610 ) Net investment income 477,833 516,094 2,136,982 2,460,859 Other revenues 126,000 118,418 435,507 292,904 Revenues from external customers 8,542,677 7,416,423 25,608,123 23,427,327

Receivables

Receivables	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Receivables	14) Receivables Receivables consist of the following: Schedule of Receivables As of September 30, 2024 As of December 31, 2023 Contracts with customers $ 6,593,720 $ 6,321,573 Receivables from sales agents 3,516,559 3,252,840 Other 7,907,574 7,658,789 Total receivables 18,017,853 17,233,202 Allowance for credit losses (1,566,150 ) (1,897,887 ) Net receivables $ 16,451,703 $ 15,335,315 The Company records an allowance for credit losses for its receivables in accordance with GAAP. See Note 2 regarding the adoption of ASU 2016-13. The following table presents a roll forward of the allowance for credit losses as of the dates indicated: Schedule of Allowance Credit Losses Three Months Ended Beginning balance - June 30, 2024 $ 1,770,911 Change in provision for credit losses (1) (167,300 ) Charge-offs (37,461 ) Ending balance - September 30, 2024 $ 1,566,150 Beginning balance - June 30, 2023 $ 1,492,934 Change in provision for credit losses (1) 53,878 Charge-offs (26,011 ) Ending balance - September 30, 2023 $ 1,520,801 (1) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 14) Receivables (Continued) The following table presents a roll forward of the allowance for credit losses as of the dates indicated: Nine Months Ended Beginning balance - January 1, 2024 $ 1,897,887 Change in provision for credit losses (1) (254,306 ) Charge-offs (77,431 ) Ending balance - September 30, 2024 $ 1,566,150 Beginning balance - January 1, 2023 $ 2,229,791 Change in provision for credit losses (1) (597,430 ) Charge-offs (111,560 ) Ending balance - September 30, 2023 $ 1,520,801 (1) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Cemetery Perpetual Care Trust I

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	9 Months Ended
	Sep. 30, 2024
Cemetery Perpetual Care Trust Investments And Obligation And Restricted Assets
Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets	15) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets Cemetery Perpetual Care Trust Investments and Obligation State law requires the Company to pay into endowment care trusts a portion of the proceeds from the sale of certain cemetery property interment rights for cemeteries that have established an endowment care trust. These endowment care trusts are defined as Variable Interest Entities pursuant to GAAP. The Company is the primary beneficiary of these trusts, as it absorbs both the losses and any expenses associated with the trusts. The Company has consolidated cemetery endowment care trust investments with a corresponding amount recorded as Cemetery Perpetual Care Obligation in the accompanying consolidated balance sheets . The components of the cemetery perpetual care investments and obligation as of September 30, 2024, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 649,256 $ 1,815 $ (385 ) $ - $ 650,686 Obligations of states and political subdivisions 125,798 - (4,549 ) - 121,249 Total fixed maturity securities available for sale $ 775,054 $ 1,815 $ (4,934 ) $ - $ 771,935 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,830,983 $ 1,362,684 $ (121,246 ) $ 5,072,421 Total equity securities at estimated fair value $ 3,830,983 $ 1,362,684 $ (121,246 ) $ 5,072,421 Mortgage loans held for investment at amortized cost: Residential construction $ 100,000 Less: Allowance for credit losses (200 ) Total mortgage loans held for investment $ 99,800 Accrued investment income $ 2,369 Cash and cash equivalents $ 2,999,256 Total cemetery perpetual care trust investments $ 8,945,781 Cemetery perpetual care obligation $ (5,565,003 ) Trust investments in excess of trust obligations $ 3,380,778 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) The components of the cemetery perpetual care investments and obligation as of December 31, 2023, are as follows: 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 Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2024 and December 31, 2023. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 385 $ 502,740 $ - $ - $ 385 $ 502,740 Obligations of states and political subdivisions - - 4,549 121,249 4,549 121,249 Totals $ 385 $ 502,740 $ 4,549 $ 121,249 $ 4,934 $ 623,989 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 Totals $ 574 $ 143,448 $ 5,285 $ 164,179 $ 5,859 $ 307,627 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) Relevant holdings were comprised of three securities with fair values aggregating 99.2 98.1 No The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 2024, 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 721,973 720,120 Due in 5-10 years - - Due in more than 10 years 53,081 51,815 Total $ 775,054 $ 771,935 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) 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. Additionally, restricted cash 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 September 30, 2024, are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 1,002,584 $ 5,878 $ (240 ) $ - $ 1,008,222 Obligations of states and political subdivisions 550,532 27 (4,881 ) - 545,678 Corporate securities including public utilities 195,033 30 (1,379 ) - 193,684 Total fixed maturity securities available for sale $ 1,748,149 $ 5,935 $ (6,500 ) $ - $ 1,747,584 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 7,996,032 $ 2,075,560 $ (210,681 ) $ 9,860,911 Total equity securities at estimated fair value $ 7,996,032 $ 2,075,560 $ (210,681 ) $ 9,860,911 Mortgage loans held for investment at amortized cost: Residential construction $ 1,113,300 Less: Allowance for credit losses (2,227 ) Total mortgage loans held for investment $ 1,111,073 Accrued investment income $ 5,167 Cash and cash equivalents (1) $ 15,232,601 Total restricted assets $ 27,957,336 (1) Including cash and cash equivalents of $ 12,032,252 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) Restricted assets as of December 31, 2023, are summarized as follows: 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 $ 6,930,930 Fixed Maturity Securities The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2024 and December 31, 2023. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities. Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 240 $ 301,644 $ - $ - $ 240 $ 301,644 Obligations of states and political subdivisions 1,433 178,028 3,448 292,624 4,881 470,652 Corporate securities including public utilities 327 50,090 1,052 118,564 1,379 168,654 Totals $ 2,000 $ 529,762 $ 4,500 $ 411,188 $ 6,500 $ 940,950 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 Totals $ 1,000 $ 249,877 $ 7,282 $ 673,319 $ 8,282 $ 923,196 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) Relevant holdings were comprised of 12 securities with fair values aggregating 99.3 99.1 No The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 2024, 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 1,109,780 1,114,228 Due in 5-10 years 101,523 100,833 Due in more than 10 years 536,846 532,523 Total $ 1,748,149 $ 1,747,584 See Notes 3 and 8 for additional information regarding restricted assets and cemetery perpetual care trust investments. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (loss)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (loss)	16) Accumulated Other Comprehensive Income (loss) The following table summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Unrealized gains (losses) on fixed maturity securities available for sale $ 10,595,637 $ (6,725,752 ) $ 8,809,823 $ (6,310,923 ) Amounts reclassified into net earnings (152,147 ) (79,850 ) (148,472 ) (269,827 ) Net unrealized gains (losses) before taxes 10,443,490 (6,805,602 ) 8,661,351 (6,580,750 ) Tax (expense) benefit (2,198,474 ) 1,429,176 (1,824,502 ) 1,381,958 Net 8,245,016 (5,376,426 ) 6,836,849 (5,198,792 ) Unrealized gains (losses) on restricted assets (1) 9,353 (12,284 ) 5,770 (14,340 ) Tax (expense) benefit (2,330 ) 3,060 (1,437 ) 3,572 Net 7,023 (9,224 ) 4,333 (10,768 ) Unrealized gains (losses) on cemetery perpetual care (1) 4,263 (2,487 ) 2,438 (3,299 ) Tax (expense) benefit (1,062 ) 610 (607 ) 838 Net 3,201 (1,877 ) 1,831 (2,461 ) Other comprehensive income (loss) changes $ 8,255,240 $ (5,387,527 ) $ 6,843,013 $ (5,212,021 ) (1) Fixed maturity securities available for sale The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2024: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2023 Change for the period Ending Balance September 30, Unrealized gains (losses) on fixed maturity securities available for sale $ (6,876,629 ) $ 6,836,849 $ (39,780 ) Unrealized gains (losses) on restricted assets (1) (4,757 ) 4,333 (424 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (4,172 ) 1,831 (2,341 ) Other comprehensive income (loss) $ (6,885,558 ) $ 6,843,013 $ (42,545 ) (1) Fixed maturity securities available for sale The following table presents the accumulated balances of other comprehensive income (loss) as of December 31, 2023: Beginning Balance December 31, 2022 Change for the period Ending Balance December 31, Unrealized gains (losses) on fixed maturity securities available for sale $ (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 care trust investments (1) (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

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU	Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU Amount Mortgage loans held for investment: Residential $ (192,607 ) Residential construction 301,830 Commercial 555,807 Total 665,030 Restriced assets - mortgage loans held for investment: Residential construction 3,463 Cemetery perpetual care trust investments - mortgage loans held for investment: Residential construction 3,013 Grand Total 671,506

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments	The Company’s investments as of September 30, 2024 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 76,328,048 $ 1,233,362 $ (451,493 ) $ - $ 77,109,917 Obligations of states and political subdivisions 5,940,034 19,228 (145,441 ) - 5,813,821 Corporate securities including public utilities 230,885,585 6,223,923 (3,885,889 ) (402,553 ) 232,821,066 Mortgage-backed securities 33,740,031 361,640 (3,571,090 ) (12,049 ) 30,518,532 Redeemable preferred stock 250,000 - - - 250,000 Total fixed maturity securities available for sale $ 347,143,698 $ 7,838,153 $ (8,053,913 ) $ (414,602 ) $ 346,513,336 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Total equity securities at estimated fair value $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Mortgage loans held for investment at amortized cost: Residential $ 88,452,336 Residential construction 130,683,596 Commercial 66,462,554 Less: Unamortized deferred loan fees, net (1,978,564 ) Less: Allowance for credit losses (1,579,746 ) Less: Net discounts (305,994 ) Total mortgage loans held for investment $ 281,734,182 Real estate held for investment - net of accumulated depreciation: Residential $ 73,610,520 Commercial 126,880,036 Total real estate held for investment $ 200,490,556 Real estate held for sale: Residential $ 849,900 Commercial 151,553 Total real estate held for sale $ 1,001,453 Other investments and policy loans at amortized cost: Policy loans $ 13,735,282 Insurance assignments 45,954,394 Federal Home Loan Bank stock (2) 2,378,200 Other investments 9,692,608 Less: Allowance for credit losses for insurance assignments (1,540,835 ) Total other investments and policy loans $ 70,219,649 Accrued investment income $ 7,860,824 Total investments $ 924,205,571 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 553,900 1,824,300 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The Company’s investments as of December 31, 2023 are summarized as follows: 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 for insurance assignments (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
Schedule of Fair Value of Fixed Maturity Securities	Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Combined Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 534 $ 4,411,131 $ 450,959 $ 22,087,838 $ 451,493 $ 26,498,969 Obligations of states and political subdivisions - - 145,441 4,162,052 145,441 4,162,052 Corporate securities 171,711 15,096,035 3,714,178 83,653,386 3,885,889 98,749,421 Mortgage-backed securities 5,712 695,868 3,565,378 19,827,317 3,571,090 20,523,185 Totals $ 177,957 $ 20,203,034 $ 7,875,956 $ 129,730,593 $ 8,053,913 $ 149,933,627 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 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Totals $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924
Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation	Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation September 30, 2024 December 31, 2023 NAIC Designation Amortized Estimated Fair Amortized Estimated Fair 1 $ 176,865,129 $ 176,303,283 $ 221,933,425 $ 216,975,288 2 162,142,176 162,728,124 161,062,016 157,346,803 3 6,534,603 6,134,808 6,418,829 5,953,542 4 1,104,422 1,048,370 982,290 948,478 5 246,186 48,750 236,648 51,875 6 1,182 1 1,233 - Total $ 346,893,698 $ 346,263,336 $ 390,634,441 $ 381,275,986
Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale	The following tables present a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale for the three month periods ended September 30, 2024: Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale Three Months Ended September 30, 2024 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 - June 30, 2024 $ - $ - $ 382,211 $ 12,049 $ 394,260 Additions for credit losses not previously recorded - - 25,000 - 25,000 Change in allowance on securities with previous allowance - - (4,658 ) - (4,658 ) 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 - September 30, 2024 $ - $ - $ 402,553 $ 12,049 $ 414,602 Three Months Ended September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - June 30, 2023 $ - $ - $ 224,005 $ - $ 224,005 Additions for credit losses not previously recorded - - - - - Change in allowance on securities with previous allowance - - (1,741 ) - (1,741 ) Reductions for securities sold during the period - - (10,764 ) - (10,764 ) Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The following tables present a roll forward of the Company’s allowance for credit losses on fixed maturity securities available for sale for the nine month periods ended September 30, 2024: Nine Months Ended September 30, 2024 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 - January 1, 2024 $ - $ - $ 308,500 $ 6,049 $ 314,549 Additions for credit losses not previously recorded - - 55,000 6,000 61,000 Change in allowance on securities with previous allowance - - 39,053 - 39,053 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 - September 30, 2024 $ - $ - $ 402,553 $ 12,049 $ 414,602 Nine Months Ended September 30, 2023 U.S. Treasury securities and obligations of U.S. Government agencies Obligations of states and political subdivisions Corporate securities including public utilities Mortgage-backed securities Total Beginning balance - January 1, 2023 $ - $ - $ - $ - $ - Balance $ - $ - $ - $ - $ - Additions for credit losses not previously recorded - - 179,500 - 179,500 Change in allowance on securities with previous allowance - - 42,764 - 42,764 Reductions for securities sold during the period - - (10,764 ) - (10,764 ) Reductions for securities with credit losses due to intent to sell - - - - - Write-offs charged against the allowance - - - - - Recoveries of amounts previously written off - - - - - Ending Balance - September 30, 2023 $ - $ - $ 211,500 $ - $ 211,500 Balance $ - $ - $ 211,500 $ - $ 211,500
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 2024, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 7,981,489 $ 7,842,911 Due in 2-5 years 136,017,903 136,085,053 Due in 5-10 years 103,303,678 106,137,140 Due in more than 10 years 65,850,597 65,679,700 Mortgage-backed securities 33,740,031 30,518,532 Redeemable preferred stock 250,000 250,000 Total $ 347,143,698 $ 346,513,336
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 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Proceeds from sales $ 181,949 $ 207,522 $ 789,190 $ 1,163,132 Gross realized gains - - 2,714 11,257 Gross realized losses (20,666 ) (3,368 ) (1,522 ) (57,472 ) Major categories of net investment income were as follows: 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Fixed maturity securities available for sale $ 4,301,241 $ 4,242,185 $ 13,050,503 $ 12,398,685 Equity securities 171,767 167,348 516,363 448,564 Mortgage loans held for investment 7,032,201 9,842,845 22,867,797 27,797,908 Real estate held for investment and sale 3,093,459 3,291,047 9,893,539 11,553,643 Policy loans 225,393 191,843 715,791 599,498 Insurance assignments 5,009,043 4,340,644 14,971,607 13,570,659 Other investments 272,062 213,560 672,363 555,720 Cash and cash equivalents 1,700,898 1,083,241 5,107,765 2,651,148 Gross investment income 21,806,064 23,372,713 67,795,728 69,575,825 Investment expenses (4,006,968 ) (4,124,250 ) (12,005,256 ) (12,380,505 ) Net investment income $ 17,799,096 $ 19,248,463 $ 55,790,472 $ 57,195,320
Schedule of Assets on Deposit With Life Insurance	Assets on deposit with life insurance regulatory authorities as required by law were as follows: Schedule of Assets on Deposit With Life Insurance As of As of Fixed maturity securities available for sale at estimated fair value $ 6,402,068 $ 6,206,650 Other investments 400,000 400,000 Cash and cash equivalents 1,385,229 1,909,215 Total assets on deposit $ 8,187,297 $ 8,515,865 Assets held in trust related to third-party reinsurance agreements were as follows: As of As of Fixed maturity securities available for sale at estimated fair value $ 26,907,601 $ 27,903,952 Cash and cash equivalents 3,427,980 2,101,052 Total assets on deposit $ 30,335,581 $ 30,005,004 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. As of As of Fixed maturity securities available for sale at estimated fair value $ 66,564,387 $ 93,903,089 Total assets pledged as collateral $ 66,564,387 $ 93,903,089
Schedule of Commercial Real Estate Investment	The Company’s commercial real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Commercial Real Estate Investment Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Utah (1) $ 126,861,284 $ 142,475,177 546,941 625,920 Louisiana 18,752 19,250 1,622 1,622 $ 126,880,036 $ 142,494,427 548,563 627,542 (1) Includes Center53 The Company’s commercial real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value Total Square Footage September 30, December 31, September 30, December 31, Mississippi $ 151,553 $ 3,028,973 - 19,694 $ 151,553 $ 3,028,973 - 19,694 (1) Consists of approximately 93 acres of undeveloped land
Schedule of Residential Real Estate Investment	The Company’s residential real estate held for investment is summarized as follows as of the respective dates indicated: Schedule of Residential Real Estate Investment Net Book Value September 30, December 31, Utah (1) $ 73,610,520 $ 40,924,865 $ 73,610,520 $ 40,924,865 (1) Includes multiple residential subdivision development projects The Company also invests in residential subdivision developments. The following table presents additional information regarding the Company’s residential subdivision development projects in Utah: September 30, December 31, Lots developed 35 42 Lots to be developed 1,304 1,145 Book Value $ 73,432,813 $ 40,739,201 The Company’s residential real estate held for sale is summarized as follows as of the respective dates indicated: Net Book Value September 30, December 31, Utah $ 849,900 $ - $ 849,900 $ -
Schedule of Real Estate Owned and Occupied by the Company	The primary business units of the Company occupy a portion of the real estate owned by the Company. As of September 30, 2024, 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 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 % 1818 Marshall Street, Shreveport, LA (2) Life Insurance Operations 12,274 100 % 812 Sheppard Street, Minden, LA (2) (3) Life Insurance Sales 1,560 100 % (1) Included in real estate held for investment on the condensed consolidated balance sheets (2) Included in property and equipment on the condensed consolidated balance sheets (3) 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 Three Months Ended Commercial Residential Residential Total Beginning balance - June 30, 2024 $ 849,323 $ 1,779,386 $ 225,143 $ 2,853,852 Adoption of ASU 2016-13 (1) 555,807 (192,607 ) 301,830 665,030 Change in provision for credit losses (2) (87,611 ) (127,239 ) 36,229 (178,621 ) Charge-offs - (1,095,485 ) - (1,095,485 ) Ending balance - September 30, 2024 $ 761,712 $ 556,662 $ 261,372 $ 1,579,746 Beginning balance - June 30, 2023 $ 831,055 $ 1,589,860 $ 242,645 $ 2,663,560 Change in provision for credit losses (2) (20,873 ) 10,310 (40,053 ) (50,616 ) Charge-offs - - - - Ending balance - September 30, 2023 $ 810,182 $ 1,600,170 $ 202,592 $ 2,612,944 Nine Months Ended Commercial Residential Residential Total Beginning balance - January 1, 2024 $ 1,219,653 $ 2,390,894 $ 208,106 $ 3,818,653 Change in provision for credit losses (2) (457,941 ) (738,747 ) 53,266 (1,143,422 ) Charge-offs - (1,095,485 ) - (1,095,485 ) Ending balance - September 30, 2024 $ 761,712 $ 556,662 $ 261,372 $ 1,579,746 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) 67,246 52,797 (142,440 ) (22,397 ) Charge-offs - - - - Ending balance - September 30, 2023 $ 810,182 $ 1,600,170 $ 202,592 $ 2,612,944 (1) See Note 2 of the notes to the condensed consolidated financial statements (2) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Aging of Mortgage Loans	The following table presents the aging of mortgage loans held for investment by loan type as of the dates indicated: Schedule of Aging of Mortgage Loans Commercial Residential Residential Total September 30, 2024 30-59 days past due $ - $ 6,252,738 $ - $ 6,252,738 60-89 days past due - 1,299,663 - 1,299,663 Over 90 days past due (1) 3,555,000 2,183,008 - 5,738,008 In process of foreclosure (1) 191,508 3,516,610 - 3,708,118 Total past due 3,746,508 13,252,019 - 16,998,527 Current 62,716,046 75,200,317 130,683,596 268,599,959 Total mortgage loans 66,462,554 88,452,336 130,683,596 285,598,486 Allowance for credit losses (761,712 ) (556,662 ) (261,372 ) (1,579,746 ) Unamortized deferred loan fees, net (94,848 ) (1,194,377 ) (689,339 ) (1,978,564 ) Unamortized discounts, net (152,838 ) (153,156 ) - (305,994 ) Net mortgage loans held for investment $ 65,453,156 $ 86,548,141 $ 129,732,885 $ 281,734,182 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 (1) Interest income is not recognized on loans which are more than 90 days past due or in foreclosure.
Schedule of Commercial Mortgage Loans By Credit Quality Indicator	The aggregate unpaid principal balance of commercial mortgage loans by credit quality indicator and origination year was as follows as of September 30, 2024: Schedule of Commercial Mortgage Loans By Credit Quality Indicator Credit Quality Indicator 2024 2023 2022 2021 2020 Prior Total % of Total LTV: Less than 65% $ 5,604,700 $ 27,454,450 $ 2,828,743 $ 3,020,636 $ - $ 9,138,597 $ 48,047,126 72.29 % 65% to 80% 10,432,942 1,840,776 823,397 - 4,913,313 - 18,010,428 27.10 % Greater than 80% - - - 405,000 - - 405,000 0.61 % Total $ 16,037,642 $ 29,295,226 $ 3,652,140 $ 3,425,636 $ 4,913,313 $ 9,138,597 $ 66,462,554 100.00 % DSCR >1.20x $ 15,604,700 $ 20,990,000 $ 1,000,000 $ - $ 4,913,313 $ 5,459,400 $ 47,967,413 72.17 % 1.00x - 1.20x 432,942 8,305,226 2,652,140 3,425,636 - 3,679,197 18,495,141 27.83 % <1.00x - - - - - - - 0.00 % Total $ 16,037,642 $ 29,295,226 $ 3,652,140 $ 3,425,636 $ 4,913,313 $ 9,138,597 $ 66,462,554 100.00 % The aggregate unpaid principal balance of commercial 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 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 Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) 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 September 30, 2024: Credit Quality Indicator 2024 2023 2022 2021 2020 Prior Total % of Total Performance Indicators: Performing $ 8,179,852 $ 11,232,976 $ 44,202,986 $ 3,379,192 $ 5,902,895 $ 9,854,817 $ 82,752,718 93.56 % Non-performing (1) - 2,819,075 541,333 684,478 588,864 1,065,868 5,699,618 6.44 % Total $ 8,179,852 $ 14,052,051 $ 44,744,319 $ 4,063,670 $ 6,491,759 $ 10,920,685 $ 88,452,336 100.00 % (1) Includes residential mortgage loans in the process of foreclosure of $ 3,516,610 LTV: Less than 65% $ 2,624,800 $ 5,055,179 $ 5,981,284 $ 1,796,124 $ 2,452,998 $ 5,348,470 $ 23,258,855 26.30 % 65% to 80% 5,555,052 8,806,209 37,672,607 1,948,129 3,351,111 5,504,578 62,837,686 71.04 % Greater than 80% - 190,663 1,090,428 319,417 687,650 67,637 2,355,795 2.66 % Total $ 8,179,852 $ 14,052,051 $ 44,744,319 $ 4,063,670 $ 6,491,759 $ 10,920,685 $ 88,452,336 100.00 % 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 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 September 30, 2024: Schedule of Residential Construction Mortgage Loans Credit Quality Indicator 2024 2023 2022 2021 Total % of Total Performance Indicators: Performing $ 93,115,744 $ 24,076,981 $ 2,084,366 $ 11,406,505 $ 130,683,596 100.00 % Non-performing - - - - - 0.00 % Total $ 93,115,744 $ 24,076,981 $ 2,084,366 $ 11,406,505 $ 130,683,596 100.00 % LTV: Less than 65% $ 35,065,417 $ 22,918,540 $ 1,630,488 $ 11,406,505 $ 71,020,950 54.35 % 65% to 80% 57,429,690 1,158,441 453,878 - 59,042,009 45.18 % Greater than 80% 620,637 - - - 620,637 0.47 % Total $ 93,115,744 $ 24,076,981 $ 2,084,366 $ 11,406,505 $ 130,683,596 100.00 % 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: 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 Aging of Insurance Assignments	The following table presents the aging of insurance assignments, included in other investments and policy loans on the condensed consolidated balance sheets: Schedule of Aging of Insurance Assignments As of As of 30-59 days past due $ 9,571,073 $ 10,829,629 60-89 days past due 3,593,162 3,709,754 Over 90 days past due 5,430,234 4,329,468 Total past due 18,594,469 18,868,851 Current 27,359,925 26,736,471 Total insurance assignments 45,954,394 45,605,322 Allowance for credit losses (1,540,835 ) (1,553,836 ) Net insurance assignments $ 44,413,559 $ 44,051,486
Schedule of Allowance for Credit Losses	The following table presents a roll forward of the allowance for credit losses for insurance assignments as of the dates indicated: Schedule of Allowance for Credit Losses Three Months Beginning balance - June 30, 2024 $ 1,535,324 Change in provision for credit losses (1) 259,643 Charge-offs (254,132 ) Ending balance - September 30, 2024 $ 1,540,835 Beginning balance - June 30, 2023 $ 1,690,693 Change in provision for credit losses (1) 214,934 Charge-offs (350,366 ) Ending balance - September 30, 2023 $ 1,555,261 Nine Months Beginning balance - January 1, 2024 $ 1,553,836 Change in provision for credit losses (1) 752,256 Charge-offs (765,257 ) Ending balance - September 30, 2024 $ 1,540,835 Beginning balance - January 1, 2023 $ 1,609,951 Change in provision for credit losses (1) 667,260 Charge-offs (721,950 ) Ending balance - September 30, 2023 $ 1,555,261 (1) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Gain (Loss) on Investments	The following table presents the realized gains and losses from sales, calls, and maturities, and unrealized gains and losses on equity securities from investments and other assets: Schedule of Gain (Loss) on Investments 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Fixed maturity securities: Gross realized gains $ 7,929 $ 37,565 $ 13,120 $ 54,619 Gross realized losses (43,184 ) (10,383 ) (61,539 ) (102,182 ) Net credit loss release (provision) (20,342 ) 1,740 (100,053 ) (222,264 ) Equity securities: Gains (losses) on securities sold 708 324,009 (16,662 ) 277,057 Unrealized gains (losses) on securities held at the end of the period 2,415,881 (1,321,511 ) 3,534,285 (423,448 ) Mortgage loans held for investment: Gross realized gains - - - - Gross realized losses (1,161,364 ) - (1,161,364 ) - Real estate held for investment and sale: Gross realized gains 71,622 36,166 360,474 197,194 Gross realized losses - - - - Other assets: Gross realized gains 95,690 - 92,095 214,348 Gross realized losses (19,284 ) - (20,513 ) - Total $ 1,347,656 $ (932,414 ) $ 2,639,843 $ (4,676 )
Schedule of Accrued Investment Income	Accrued investment income consists of the following: Schedule of Accrued Investment Income As of As of Fixed maturity securities available for sale $ 3,798,114 $ 3,984,695 Equity securities 9,437 20,451 Mortgage loans held for investment 949,979 2,661,092 Real estate held for investment 3,011,035 3,486,115 Cash and cash equivalents 92,259 18,437 Total accrued investment income $ 7,860,824 $ 10,170,790

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2024
Loans Held For Sale
Schedule of Aggregate Fair Value Loans Held for Sale	The following table presents the aggregate fair value and the aggregate unpaid principal balance of loans held for sale: Schedule of Aggregate Fair Value Loans Held for Sale As of As of Aggregate fair value $ 142,897,741 $ 126,549,190 Unpaid principal balance 139,678,479 127,185,867 Unrealized gain (loss) 3,219,262 (636,677 )
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 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Loan fees $ 7,358,830 $ 6,033,227 $ 20,245,527 $ 16,408,443 Interest income 2,357,379 2,637,971 6,104,113 7,265,516 Secondary gains 17,982,124 17,625,394 51,387,693 54,884,965 Change in fair value of loan commitments (179,836 ) (1,504,286 ) 811,765 (977,716 ) Change in fair value of loans held for sale 2,959,729 (108,676 ) 3,855,914 (715,799 ) Provision for loan loss reserve (254,134 ) 252,389 (729,734 ) 138,369 Mortgage fee income $ 30,224,092 $ 24,936,019 $ 81,675,278 $ 77,003,778
Schedule 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: Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses As of As of Balance, beginning of period $ 547,233 $ 1,725,667 Provision on current loan originations (1) 729,734 27,164 Charge-offs, net of recaptured amounts (444,882 ) (1,205,598 ) Balance, end of period $ 832,085 $ 547,233 (1) Included in mortgage fee income

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Activity of Stock Option Plans	Activity of the stock option plans during the nine month period ended September 30, 2024, is summarized as follows: Schedule of Activity of Stock Option Plans Number of Weighted Number of Weighted Outstanding at January 1, 2024 833,570 $ 4.91 1,520,062 $ 5.57 Adjustment for the effect of stock dividends 38,724 76,005 Granted 16,500 - Exercised (88,714 ) - Cancelled (17,333 ) - Outstanding at September 30, 2024 782,747 $ 5.16 1,596,067 $ 5.57 As of September 30, 2024: Options exercisable 751,872 $ 5.05 1,519,817 $ 5.46 As of September 30, 2024: Available options for future grant 39,006 556,238 Weighted average contractual term of options outstanding at September 30, 2024 4.91 5.74 Weighted average contractual term of options exercisable at September 30, 2024 4.73 5.63 Aggregated intrinsic value of options outstanding at September 30, 2024 (1) $ 3,165,305 $ 5,793,310 Aggregated intrinsic value of options exercisable at September 30, 2024 (1) $ 3,119,776 $ 5,676,723 (1) The Company used a stock price of $ 9.20 (2) Adjusted for the effect of annual stock dividends. SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 5) Stock Compensation Plans Activity of the stock option plans during the nine month period ended September 30, 2023, is summarized as follows: Number of Weighted Average Exercise Price (2) Number of Weighted Average Exercise Price Outstanding at January 1, 2023 976,605 $ 4.56 1,157,203 $ 5.31 Adjustment for the effect of stock dividends 38,266 57,859 Granted 16,000 - Exercised (233,180 ) - Cancelled - - Outstanding at September 30, 2023 797,691 $ 4.78 1,215,062 $ 5.31 As of September 30, 2023: Options exercisable 770,066 $ 4.73 1,141,312 $ 5.25 As of September 30, 2023: Available options for future grant 171,386 834,750 Weighted average contractual term of options outstanding at September 30, 2023 4.69 6.15 Weighted average contractual term of options exercisable at September 30, 2023 4.53 6.03 Aggregated intrinsic value of options outstanding at September 30, 2023 (1) $ 2,438,675 $ 3,074,037 Aggregated intrinsic value of options exercisable at September 30, 2023 (1) $ 2,398,360 $ 2,955,012 (1) The Company used a stock price of $ 7.84 (2) Adjusted for the effect of annual stock dividends.
Schedule of Activity Restricted Stock Units	Activity of the RSUs during the nine month period ended September 30, 2024 is summarized as follows: Schedule of Activity Restricted Stock Units Number of Weighted Non-vested at January 1, 2024 2,245 $ 7.72 Granted - Vested (1,325 ) Non-vested at September 30, 2024 920 $ 7.99 Available RSUs for future grant 16,540 Activity of the RSUs during the nine month period ended September 30, 2023 is summarized as follows: Number of Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 1,620 $ 6.48 Granted - Vested (810 ) Non-vested at September 30, 2023 810 $ 6.48 Available RSUs for future grant 18,380

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator: Net earnings $ 11,831,444 $ 4,041,293 $ 26,577,515 $ 11,634,171 Denominator: Basic weighted-average shares outstanding 23,240,725 23,169,141 23,287,707 23,171,889 Effect of dilutive securities: Employee stock options 812,761 806,643 696,526 665,804 Diluted weighted-average shares outstanding 24,053,486 23,975,784 23,984,233 23,837,693 Basic net earnings per share $ 0.51 $ 0.17 $ 1.14 $ 0.50 Diluted net earnings per share $ 0.49 $ 0.17 $ 1.11 $ 0.49
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, 2022 (1) 19,708,011 3,031,453 Exercise of stock options 239,191 - Vesting of restricted stock units 810 - Conversion of Class C to Class A 59,599 (59,599 ) Outstanding shares at September 30, 2023 20,007,611 2,971,854 Outstanding shares at December 31, 2023 (1) 21,052,883 3,120,432 Exercise of stock options 63,512 - Vesting of restricted stock units 1,325 - Conversion of Class C to Class A 266 (266 ) Outstanding shares at September 30, 2024 21,117,986 3,120,166

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Revenues and Expenses by Reportable Segment	Schedule of Revenues and Expenses by Reportable Segment Life Insurance Cemetery/ Mortgage Intercompany Consolidated For the Three Months Ended September 30, 2024 Revenues from external customers $ 48,853,356 $ 8,542,677 $ 30,877,654 $ - $ 88,273,687 Intersegment revenues 2,066,052 85,699 137,946 (2,289,697 ) - Segment profit (loss) before income taxes 12,358,186 2,840,346 16,150 - 15,214,682 For the Nine Months Ended September 30, 2024 Revenues from external customers $ 146,061,306 $ 25,608,123 $ 83,583,792 $ 255,253,221 Intersegment revenues 5,351,600 255,234 429,541 (6,036,375 ) - Segment profit (loss) before income taxes 28,052,410 7,984,287 (1,813,111 ) 34,223,586 Identifiable Assets $ 1,379,914,778 $ 103,403,799 $ 99,663,509 $ (93,411,674 ) $ 1,489,570,412 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,382,680,348 $ 105,892,012 $ 99,663,509 $ (93,411,674 ) $ 1,494,824,195 For the Three Months Ended September 30, 2023 Revenues from external customers $ 47,199,169 $ 7,416,423 $ 25,626,135 $ - $ 80,241,727 Intersegment revenues 2,330,292 85,699 133,639 (2,549,630 ) - Segment profit (loss) before income taxes 7,175,181 1,469,592 (3,486,083 ) - 5,158,690 For the Nine Months Ended September 30, 2023 Revenues from external customers $ 140,685,555 $ 23,427,327 $ 79,475,738 $ 243,588,620 Intersegment revenues 6,357,810 254,302 393,145 (7,005,257 ) - Segment profit (loss) before income taxes 20,017,102 6,082,343 (11,206,534 ) 14,892,911 Identifiable Assets $ 1,299,027,212 $ 92,299,022 $ 107,800,781 $ (90,608,563 ) $ 1,408,518,452 Goodwill 2,765,570 2,488,213 - - 5,253,783 Total Assets $ 1,301,792,782 $ 94,787,235 $ 107,800,781 $ (90,608,563 ) $ 1,413,772,235

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis	The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of September 30, 2024: 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 $ 346,513,336 $ - $ 345,281,782 $ 1,231,554 Equity securities 16,385,571 16,385,571 - - Loans held for sale 142,897,741 - - 142,897,741 Restricted assets (1) 1,747,584 - 1,747,584 - Restricted assets (2) 9,860,911 9,860,911 - - Cemetery perpetual care trust investments (1) 771,935 771,935 - Cemetery perpetual care trust investments (2) 5,072,421 5,072,421 - - Derivatives - loan commitments (3) 5,563,882 - - 5,563,882 Total assets accounted for at fair value on a $ 528,813,381 $ 31,318,903 $ 347,801,301 $ 149,693,177 Liabilities accounted for at fair value on a Derivatives - loan commitments (4) (3,168,855 ) - - (3,168,855 ) Total liabilities accounted for at fair value $ (3,168,855 ) $ - $ - $ (3,168,855 ) (1) Fixed maturity securities available for sale (2) Equity securities (3) Included in other assets on the consolidated balance sheets (4) Included in other liabilities and accrued expenses on the consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the condensed consolidated balance sheet as of December 31, 2023: 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
Schedule of Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis	For Level 3 assets and liabilities measured at fair value on a recurring basis as of September 30, 2024, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis Fair Value at Significant Range of Inputs September Valuation Unobservable Minimum Maximum Weighted 30, 2024 Technique Input(s) Value Value Average Loans held for sale $ 142,897,741 Market approach Investor contract pricing as a percentage of unpaid principal balance 87.0 % 107.0 % 102.0 % Derivatives - loan commitments (net) 2,395,027 Market approach Pull-through rate 65.0 % 100.0 % 85.0 % Initial-Value N/A N/A N/A Servicing 0 bps 135 bps 44 bps Fixed maturity securities available for sale 1,231,554 Broker quotes Pricing quotes $ 98.40 $ 100.00 $ 99.27 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: Fair Value at Significant Range of Inputs December Valuation Unobservable Minimum Maximum Weighted 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
Schedule of Changes in Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs	The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three month period ended September 30, 2024: Schedule of Changes in Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2024 $ 2,574,863 $ 150,196,416 $ 1,237,469 Originations and purchases - 633,213,359 - Sales, maturities and paydowns - (655,088,969 ) - Total gains (losses): Included in earnings (179,836 )(1) 14,576,935 (1) - (2) Included in other comprehensive income - - (5,915 ) Balance - September 30, 2024 $ 2,395,027 $ 142,897,741 $ 1,231,554 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the three month period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - June 30, 2023 $ 3,233,447 $ 161,310,060 $ 1,431,874 Originations and purchases - 569,095,944 - Sales, maturities and paydowns - (585,545,472 ) (129,521 ) Transfer to mortgage loans held for investment (1,867,552 ) Total gains (losses): Included in earnings (1,504,286 )(1) 9,553,586 (1) (109 )(2) Included in other comprehensive income - - (70,057 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 2024: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2023 $ 1,583,262 $ 126,549,190 $ 1,238,656 Originations and purchases - 1,723,036,874 - Sales, maturities and paydowns - (1,742,693,113 ) - Transfer to mortgage loans held for investment - - - Loans held for sale foreclosed into real estate held for sale (858,977 ) Total gains (losses): Included in earnings 811,765 (1) 36,863,767 (1) - (2) Included in other comprehensive income - - (7,102 ) Balance - September 30, 2024 $ 2,395,027 $ 142,897,741 $ 1,231,554 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings The following table is a summary of changes in the condensed consolidated balance sheet line items measured using level 3 inputs for the nine month period ended September 30, 2023: Net Loan Commitments Loans Held for Sale Fixed Maturity Securities Available for Sale Balance - December 31, 2022 $ 2,706,877 $ 141,179,620 $ 1,435,519 Originations and purchases - 1,708,831,185 - Sales, maturities and paydowns - (1,726,023,095 ) (129,521 ) Transfer to mortgage loans held for investment - (3,017,626 ) - Total gains (losses): Included in earnings (977,716 )(1) 31,576,482 (1) (109 )(2) Included in other comprehensive income - - (73,702 ) Balance - September 30, 2023 $ 1,729,161 $ 152,546,566 $ 1,232,187 (1) As a component of Mortgage fee income on the condensed consolidated statements of earnings (2) As a component of Net investment income on the condensed consolidated statements of earnings
Schedule of Financial Instruments Carried at Other Than Fair Value	The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of September 30, 2024: Schedule of Financial Instruments Carried at Other Than Fair Value Carrying Value Level 1 Level 2 Level 3 Total Estimated Fair Value Assets Mortgage loans held for investment Residential $ 86,548,141 $ - $ - $ 88,394,509 $ 88,394,509 Residential construction 129,732,885 - - 129,732,885 129,732,885 Commercial 65,453,156 - - 66,238,958 66,238,958 Mortgage loans held for investment, net $ 281,734,182 $ - $ - $ 284,366,352 $ 284,366,352 Policy loans 13,735,282 - - 13,735,282 13,735,282 Insurance assignments, net (1) 44,413,559 - - 44,413,559 44,413,559 Restricted assets (2) 1,111,073 - - 1,111,073 1,111,073 Cemetery perpetual care trust investments (2) 99,800 - - 99,800 99,800 Mortgage servicing rights, net 3,051,805 - - 4,170,880 4,170,880 Liabilities Bank and other loans payable $ (106,989,925 ) $ - $ - $ (92,105,403 ) $ (92,105,403 ) Policyholder account balances (3) (37,305,721 ) - - (38,150,732 ) (38,150,732 ) Future policy benefits - annuities (3) (106,361,533 ) - - (105,136,015 ) (105,136,015 ) (1) Included in other investments and policy loans on the condensed consolidated balance sheets (2) Mortgage loans held for investment (3) Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 8) Fair Value of Financial Instruments The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows as of December 31, 2023: 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

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table shows the fair value and notional amounts of derivative instruments: Schedule of Derivative Assets at Fair Value September 30, 2024 December 31, 2023 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 $ 270,461,098 $ 5,563,882 $ 3,168,855 $ 161,832,250 $ 4,995,486 $ 3,412,224 Total $ 270,461,098 $ 5,563,882 $ 3,168,855 $ 161,832,250 $ 4,995,486 $ 3,412,224
Schedule of Gains and Losses on Derivatives	The table below presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing. Schedule of Gains and Losses on Derivatives Net Amount Gain (Loss) Net Amount Gain (Loss) Three Months Ended September 30, Nine Months Ended September 30, Derivative Classification 2024 2023 2024 2023 Loan commitments Mortgage fee income $ (179,836 ) $ (1,504,286 ) $ 811,765 $ (977,716 )

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Mortgage Servicing Rights	The following table presents the MSR activity: Schedule of Mortgage Servicing Rights As of September 30, As of December 31, Amortized cost: Balance before valuation allowance at beginning of year $ 3,461,146 $ 3,039,765 MSR additions resulting from loan sales (1) 49,226 1,009,312 Amortization (2) (458,567 ) (587,931 ) Sale of MSRs - - Application of valuation allowance to write down MSRs - - Balance before valuation allowance at end of period $ 3,051,805 $ 3,461,146 Valuation allowance for impairment of MSRs: Balance at beginning of year $ - $ - Additions - - Application of valuation allowance to write down MSRs - - Balance at end of period $ - $ - Mortgage servicing rights, net $ 3,051,805 $ 3,461,146 Estimated fair value of MSRs at end of period $ 4,170,880 $ 4,543,657 (1) Included in mortgage fee income on the condensed consolidated statements of earnings (2) Included in other expenses on the condensed consolidated statements of earnings
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights	The table below summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the Company’s assumptions in its September 30, 2024 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 359,390 2025 309,358 2026 275,446 2027 243,362 2028 216,468 Thereafter 1,647,781 Total $ 3,051,805
Schedule of Other Revenues	The Company collected the following contractual servicing fee income and late fee income as reported in other revenues on the condensed consolidated statement of earnings. Schedule of Other Revenues 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended 2024 2023 2024 2023 Contractual servicing fees $ 237,531 $ 249,050 $ 736,137 $ 892,668 Late fees 17,349 21,037 56,637 84,358 Total $ 254,880 $ 270,087 $ 792,774 $ 977,026
Summary of Unpaid Principal Balances of the Servicing Portfolio	The following is a summary of the unpaid principal balances (“UPB”) of the servicing portfolio. Summary of Unpaid Principal Balances of the Servicing Portfolio As of September 30, As of December 31, 2023 Servicing UPB $ 391,681,072 $ 414,147,436
Schedule of Assumptions Used in Determining MSR Value	The following key assumptions were used in determining MSR value: Schedule of Assumptions Used in Determining MSR Value Prepayment Average Discount September 30, 2024 10.60 7.45 11.81 December 31, 2023 9.70 7.79 11.85

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities	The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows: Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2024) $ 6,321,573 $ - $ 18,237,246 Closing (September 30, 2024) 6,593,720 - 19,493,005 Increase/(decrease) 272,147 - 1,255,759 Contract Balances Receivables (1) Contract Asset Contract Liability Opening (January 1, 2023) $ 5,392,779 $ - $ 16,226,836 Closing (December 31, 2023) 6,321,573 - 18,237,246 Increase/(decrease) 928,794 - 2,010,410 (1) Included in Receivables, net on the condensed consolidated balance sheets
Schedule of Revenues of the Cemetery and Mortuary Contracts	The following table disaggregates revenue for the Company’s cemetery and mortuary contracts: Schedule of Revenues of the Cemetery and Mortuary Contracts 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Major goods/service lines At-need $ 5,024,330 $ 4,832,352 $ 15,299,010 $ 14,985,838 Pre-need 1,790,001 2,401,679 6,232,759 5,888,336 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174 Timing of Revenue Recognition Goods transferred at a point in time $ 4,064,864 $ 4,762,777 $ 13,287,515 $ 13,321,412 Services transferred at a point in time 2,749,467 2,471,254 8,244,254 7,552,762 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174
Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information	The following table reconciles revenues from cemetery and mortuary contracts to Note 7 – Business Segment Information for the Cemetery/Mortuary Segment for the periods presented: Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information 2024 2023 2024 2023 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net mortuary and cemetery sales $ 6,814,331 $ 7,234,031 $ 21,531,769 $ 20,874,174 Gains (losses) on investments and other assets 1,124,513 (452,120 ) 1,503,865 (200,610 ) Net investment income 477,833 516,094 2,136,982 2,460,859 Other revenues 126,000 118,418 435,507 292,904 Revenues from external customers 8,542,677 7,416,423 25,608,123 23,427,327

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Receivables	Receivables consist of the following: Schedule of Receivables As of September 30, 2024 As of December 31, 2023 Contracts with customers $ 6,593,720 $ 6,321,573 Receivables from sales agents 3,516,559 3,252,840 Other 7,907,574 7,658,789 Total receivables 18,017,853 17,233,202 Allowance for credit losses (1,566,150 ) (1,897,887 ) Net receivables $ 16,451,703 $ 15,335,315
Schedule of Allowance Credit Losses	The following table presents a roll forward of the allowance for credit losses as of the dates indicated: Schedule of Allowance Credit Losses Three Months Ended Beginning balance - June 30, 2024 $ 1,770,911 Change in provision for credit losses (1) (167,300 ) Charge-offs (37,461 ) Ending balance - September 30, 2024 $ 1,566,150 Beginning balance - June 30, 2023 $ 1,492,934 Change in provision for credit losses (1) 53,878 Charge-offs (26,011 ) Ending balance - September 30, 2023 $ 1,520,801 (1) Included in other expenses on the condensed consolidated statements of earnings SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 14) Receivables (Continued) The following table presents a roll forward of the allowance for credit losses as of the dates indicated: Nine Months Ended Beginning balance - January 1, 2024 $ 1,897,887 Change in provision for credit losses (1) (254,306 ) Charge-offs (77,431 ) Ending balance - September 30, 2024 $ 1,566,150 Beginning balance - January 1, 2023 $ 2,229,791 Change in provision for credit losses (1) (597,430 ) Charge-offs (111,560 ) Ending balance - September 30, 2023 $ 1,520,801 (1) Included in other expenses on the condensed consolidated statements of earnings

Cemetery Perpetual Care Trust_2

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The Company’s investments as of September 30, 2024 are summarized as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses (1) Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 76,328,048 $ 1,233,362 $ (451,493 ) $ - $ 77,109,917 Obligations of states and political subdivisions 5,940,034 19,228 (145,441 ) - 5,813,821 Corporate securities including public utilities 230,885,585 6,223,923 (3,885,889 ) (402,553 ) 232,821,066 Mortgage-backed securities 33,740,031 361,640 (3,571,090 ) (12,049 ) 30,518,532 Redeemable preferred stock 250,000 - - - 250,000 Total fixed maturity securities available for sale $ 347,143,698 $ 7,838,153 $ (8,053,913 ) $ (414,602 ) $ 346,513,336 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Total equity securities at estimated fair value $ 11,357,095 $ 5,299,178 $ (270,702 ) $ 16,385,571 Mortgage loans held for investment at amortized cost: Residential $ 88,452,336 Residential construction 130,683,596 Commercial 66,462,554 Less: Unamortized deferred loan fees, net (1,978,564 ) Less: Allowance for credit losses (1,579,746 ) Less: Net discounts (305,994 ) Total mortgage loans held for investment $ 281,734,182 Real estate held for investment - net of accumulated depreciation: Residential $ 73,610,520 Commercial 126,880,036 Total real estate held for investment $ 200,490,556 Real estate held for sale: Residential $ 849,900 Commercial 151,553 Total real estate held for sale $ 1,001,453 Other investments and policy loans at amortized cost: Policy loans $ 13,735,282 Insurance assignments 45,954,394 Federal Home Loan Bank stock (2) 2,378,200 Other investments 9,692,608 Less: Allowance for credit losses for insurance assignments (1,540,835 ) Total other investments and policy loans $ 70,219,649 Accrued investment income $ 7,860,824 Total investments $ 924,205,571 (1) Gross unrealized losses are net of allowance for credit losses (2) Includes $ 553,900 1,824,300 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 3) Investments The Company’s investments as of December 31, 2023 are summarized as follows: 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 for insurance assignments (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
Schedule of Fair Value of Fixed Maturity Securities	Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Combined Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 534 $ 4,411,131 $ 450,959 $ 22,087,838 $ 451,493 $ 26,498,969 Obligations of states and political subdivisions - - 145,441 4,162,052 145,441 4,162,052 Corporate securities 171,711 15,096,035 3,714,178 83,653,386 3,885,889 98,749,421 Mortgage-backed securities 5,712 695,868 3,565,378 19,827,317 3,571,090 20,523,185 Totals $ 177,957 $ 20,203,034 $ 7,875,956 $ 129,730,593 $ 8,053,913 $ 149,933,627 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 529,660 32,507,773 6,615,847 107,556,216 7,145,507 140,063,989 Mortgage-backed securities 29,799 2,260,445 4,673,106 22,184,174 4,702,905 24,444,619 Totals $ 599,958 $ 44,674,633 $ 12,984,162 $ 205,910,291 $ 13,584,120 $ 250,584,924
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and the estimated fair value of fixed maturity securities available for sale as of September 30, 2024, by contractual maturity. Actual or expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of Investments Classified by Contractual Maturity Date Amortized Estimated Fair Due in 1 year $ 7,981,489 $ 7,842,911 Due in 2-5 years 136,017,903 136,085,053 Due in 5-10 years 103,303,678 106,137,140 Due in more than 10 years 65,850,597 65,679,700 Mortgage-backed securities 33,740,031 30,518,532 Redeemable preferred stock 250,000 250,000 Total $ 347,143,698 $ 346,513,336
Cemetery Perpectual Care Oblication [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Investments	The components of the cemetery perpetual care investments and obligation as of September 30, 2024, are as follows: Schedule of Investments Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 649,256 $ 1,815 $ (385 ) $ - $ 650,686 Obligations of states and political subdivisions 125,798 - (4,549 ) - 121,249 Total fixed maturity securities available for sale $ 775,054 $ 1,815 $ (4,934 ) $ - $ 771,935 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 3,830,983 $ 1,362,684 $ (121,246 ) $ 5,072,421 Total equity securities at estimated fair value $ 3,830,983 $ 1,362,684 $ (121,246 ) $ 5,072,421 Mortgage loans held for investment at amortized cost: Residential construction $ 100,000 Less: Allowance for credit losses (200 ) Total mortgage loans held for investment $ 99,800 Accrued investment income $ 2,369 Cash and cash equivalents $ 2,999,256 Total cemetery perpetual care trust investments $ 8,945,781 Cemetery perpetual care obligation $ (5,565,003 ) Trust investments in excess of trust obligations $ 3,380,778 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) The components of the cemetery perpetual care investments and obligation as of December 31, 2023, are as follows: 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
Schedule of Fair Value of Fixed Maturity Securities	The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2024 and December 31, 2023. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities: Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 385 $ 502,740 $ - $ - $ 385 $ 502,740 Obligations of states and political subdivisions - - 4,549 121,249 4,549 121,249 Totals $ 385 $ 502,740 $ 4,549 $ 121,249 $ 4,934 $ 623,989 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 Totals $ 574 $ 143,448 $ 5,285 $ 164,179 $ 5,859 $ 307,627
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 2024, 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 721,973 720,120 Due in 5-10 years - - Due in more than 10 years 53,081 51,815 Total $ 775,054 $ 771,935
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Schedule of Fair Value of Fixed Maturity Securities	The table below summarizes unrealized losses on fixed maturity securities available for sale that were carried at estimated fair value as of September 30, 2024 and December 31, 2023. The tables set forth unrealized losses by duration with the fair value of the related fixed maturity securities. Schedule of Fair Value of Fixed Maturity Securities Unrealized Losses for Less than Twelve Months Fair Value Unrealized Losses for More than Twelve Months Fair Value Total Unrealized Loss Fair Value September 30, 2024 U.S. Treasury securities and obligations of U.S. Government agencies $ 240 $ 301,644 $ - $ - $ 240 $ 301,644 Obligations of states and political subdivisions 1,433 178,028 3,448 292,624 4,881 470,652 Corporate securities including public utilities 327 50,090 1,052 118,564 1,379 168,654 Totals $ 2,000 $ 529,762 $ 4,500 $ 411,188 $ 6,500 $ 940,950 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 Totals $ 1,000 $ 249,877 $ 7,282 $ 673,319 $ 8,282 $ 923,196
Schedule of Investments Classified by Contractual Maturity Date	The table below presents the amortized cost and estimated fair value of fixed maturity securities available for sale as of September 30, 2024, 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 1,109,780 1,114,228 Due in 5-10 years 101,523 100,833 Due in more than 10 years 536,846 532,523 Total $ 1,748,149 $ 1,747,584
Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds	Restricted assets as of September 30, 2024, are summarized as follows: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value September 30, 2024: Fixed maturity securities, available for sale, at estimated fair value: U.S. Treasury securities and obligations of U.S. Government agencies $ 1,002,584 $ 5,878 $ (240 ) $ - $ 1,008,222 Obligations of states and political subdivisions 550,532 27 (4,881 ) - 545,678 Corporate securities including public utilities 195,033 30 (1,379 ) - 193,684 Total fixed maturity securities available for sale $ 1,748,149 $ 5,935 $ (6,500 ) $ - $ 1,747,584 Equity securities at estimated fair value: Common stock: Industrial, miscellaneous and all other $ 7,996,032 $ 2,075,560 $ (210,681 ) $ 9,860,911 Total equity securities at estimated fair value $ 7,996,032 $ 2,075,560 $ (210,681 ) $ 9,860,911 Mortgage loans held for investment at amortized cost: Residential construction $ 1,113,300 Less: Allowance for credit losses (2,227 ) Total mortgage loans held for investment $ 1,111,073 Accrued investment income $ 5,167 Cash and cash equivalents (1) $ 15,232,601 Total restricted assets $ 27,957,336 (1) Including cash and cash equivalents of $ 12,032,252 SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 15) Cemetery Perpetual Care Trust Investments and Obligations and Restricted Assets (Continued) Restricted assets as of December 31, 2023, are summarized as follows: 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 $ 6,930,930

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income	The following table summarizes the changes in accumulated other comprehensive income (loss): Schedule of Changes in Accumulated Other Comprehensive Income 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Unrealized gains (losses) on fixed maturity securities available for sale $ 10,595,637 $ (6,725,752 ) $ 8,809,823 $ (6,310,923 ) Amounts reclassified into net earnings (152,147 ) (79,850 ) (148,472 ) (269,827 ) Net unrealized gains (losses) before taxes 10,443,490 (6,805,602 ) 8,661,351 (6,580,750 ) Tax (expense) benefit (2,198,474 ) 1,429,176 (1,824,502 ) 1,381,958 Net 8,245,016 (5,376,426 ) 6,836,849 (5,198,792 ) Unrealized gains (losses) on restricted assets (1) 9,353 (12,284 ) 5,770 (14,340 ) Tax (expense) benefit (2,330 ) 3,060 (1,437 ) 3,572 Net 7,023 (9,224 ) 4,333 (10,768 ) Unrealized gains (losses) on cemetery perpetual care (1) 4,263 (2,487 ) 2,438 (3,299 ) Tax (expense) benefit (1,062 ) 610 (607 ) 838 Net 3,201 (1,877 ) 1,831 (2,461 ) Other comprehensive income (loss) changes $ 8,255,240 $ (5,387,527 ) $ 6,843,013 $ (5,212,021 ) (1) Fixed maturity securities available for sale
Schedule of Accumulated Balances of Other Comprehensive Income	The following table presents the accumulated balances of other comprehensive income (loss) as of September 30, 2024: Schedule of Accumulated Balances of Other Comprehensive Income Beginning Balance December 31, 2023 Change for the period Ending Balance September 30, Unrealized gains (losses) on fixed maturity securities available for sale $ (6,876,629 ) $ 6,836,849 $ (39,780 ) Unrealized gains (losses) on restricted assets (1) (4,757 ) 4,333 (424 ) Unrealized gains (losses) on cemetery perpetual care trust investments (1) (4,172 ) 1,831 (2,341 ) Other comprehensive income (loss) $ (6,885,558 ) $ 6,843,013 $ (42,545 ) (1) Fixed maturity securities available for sale The following table presents the accumulated balances of other comprehensive income (loss) as of December 31, 2023: Beginning Balance December 31, 2022 Change for the period Ending Balance December 31, Unrealized gains (losses) on fixed maturity securities available for sale $ (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 care trust investments (1) (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

Schedule of Increased (Decrease

Schedule of Increased (Decrease) in Allowances for Credit Losses Upon ASU (Details) - USD ($)		3 Months Ended				9 Months Ended
	Jan. 01, 2023	Sep. 30, 2024	[1]	Sep. 30, 2023	[1]	Sep. 30, 2024	[2]	Sep. 30, 2023	[2]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)		$ (167,300)		$ 53,878		$ (254,306)		$ (597,430)
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	$ 671,506
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	665,030
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Mortgage [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	(192,607)
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	301,830
Accounting Standards Update 2016-13 [Member] | Mortgage Loans Held for Investment [Member] | Commercial [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	555,807
Accounting Standards Update 2016-13 [Member] | Restricted Assets Mortgage Loans Held For Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	3,463
Accounting Standards Update 2016-13 [Member] | Cemetery Perpetual Care Trust Investments Mortgage Loans Held For Investment [Member] | Residential Construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowances for credit losses increase (decrease)	$ 3,013
[1]Included in other expenses on the condensed consolidated statements of earnings[2]Included in other expenses on the condensed consolidated statements of earnings

Recent Accounting Pronounceme_3

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

Schedule of Investments (Detail

Schedule of Investments (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024		Dec. 31, 2023		Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Available for sale securities, amortized cost	$ 347,143,698		$ 390,884,441
Available for sale securities, unrecognized holding gain	7,838,153		4,550,214
Available for sale securities, unrecognized holding loss	(8,053,913)	[1]	(13,584,120)	[2]
Available for sale securities, allowance for credit losses	(414,602)		(314,549)		$ (394,260)	$ (211,500)	$ (224,005)
Available for sale securities, estimated fair value	346,513,336		381,535,986
Available-for-sale securities, amortized cost basis	11,357,095		10,571,505
Available-for-sale securities, gross unrealized gain	16,385,571		13,636,071
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,978,564)		(1,623,226)
Mortgage loans on real estate and construction, allowance for losses	(1,579,746)		(3,818,653)		(2,853,852)	(2,612,944)	(2,663,560)	(1,970,311)
Mortgage loans on real estate and construction, discount	(305,994)		(324,157)
Mortgage loans on real estate and construction	281,734,182		275,616,837
Real estate held for investment, net of depreciation	200,490,556		183,419,292
Real estate held for sale	1,001,453		3,028,973
Policy loans	13,735,282		13,264,183
Insurance assignments	45,954,394		45,605,322
Federal home loan bank stock	2,378,200	[3]	2,279,800	[4]
Other investments	9,692,608		9,809,148
Allowance for credit losses	(1,540,835)		(1,553,836)		(1,535,324)	(1,555,261)	(1,690,693)	(1,609,951)
Total policy loans and other investments	70,219,649		69,404,617
Accrued investment income	7,860,824		10,170,790
Total investments	924,205,571		936,812,566
Cash and cash equivalents	188,938,399		139,923,399			147,122,807		133,483,817
Total cemetery perpetual care trust investments	8,945,781		8,082,917
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	76,328,048		111,450,753
Available for sale securities, unrecognized holding gain	1,233,362		344,425
Available for sale securities, unrecognized holding loss	(451,493)	[1]	(1,416,448)	[2]
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	77,109,917		110,378,730
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	5,940,034		6,524,083
Available for sale securities, unrecognized holding gain	19,228		500
Available for sale securities, unrecognized holding loss	(145,441)	[1]	(319,260)	[2]
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	5,813,821		6,205,323
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	230,885,585		232,299,727
Available for sale securities, unrecognized holding gain	6,223,923		3,688,642
Available for sale securities, unrecognized holding loss	(3,885,889)	[1]	(7,145,507)	[2]
Available for sale securities, allowance for credit losses	(402,553)		(308,500)
Available for sale securities, estimated fair value	232,821,066		228,534,362
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	33,740,031		40,359,878
Available for sale securities, unrecognized holding gain	361,640		506,647
Available for sale securities, unrecognized holding loss	(3,571,090)	[1]	(4,702,905)	[2]
Available for sale securities, allowance for credit losses	(12,049)		(6,049)
Available for sale securities, estimated fair value	30,518,532		36,157,571
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
Available for sale securities, unrecognized holding loss		[1]		[2]
Available for sale securities, allowance for credit losses
Available for sale securities, estimated fair value	250,000		260,000
Industrial Miscellaneous and All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	11,357,095		10,571,505
Available for sale securities, unrecognized holding gain	5,299,178		3,504,141
Available for sale securities, unrecognized holding loss	(270,702)	[1]	(439,575)	[2]
Available-for-sale securities, gross unrealized gain	16,385,571		13,636,071
Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	11,357,095		10,571,505
Available for sale securities, unrecognized holding gain	5,299,178		3,504,141
Available for sale securities, unrecognized holding loss	(270,702)	[1]	(439,575)	[2]
Available-for-sale securities, gross unrealized gain	16,385,571		13,636,071
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	88,452,336		103,153,587
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(1,194,377)		(1,135,491)
Mortgage loans on real estate and construction, allowance for losses	(556,662)		(2,390,894)		(1,779,386)	(1,600,170)	(1,589,860)	(1,739,980)
Mortgage loans on real estate and construction, discount	(153,156)		(107,452)
Mortgage loans on real estate and construction	86,548,141		99,519,750
Real estate held for investment, net of depreciation	73,610,520		40,924,865
Real estate held for sale	849,900
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	130,683,596		104,052,748
Mortgage loans on real estate and construction, unamortized deferred loan fees, net	(689,339)		(314,746)
Mortgage loans on real estate and construction, allowance for losses	(261,372)		(208,106)		$ (225,143)	$ (202,592)	$ (242,645)	$ (43,202)
Mortgage loans on real estate and construction, discount
Mortgage loans on real estate and construction	129,732,885		103,529,896
Commercial [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	66,462,554		74,176,538
Real estate held for investment, net of depreciation	126,880,036		142,494,427
Real estate held for sale	151,553		3,028,973
Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost			647,261
Available for sale securities, unrecognized holding gain	1,815		302
Available for sale securities, unrecognized holding loss	(4,934)		(5,859)
Available for sale securities, estimated fair value	771,935		641,704
Accrued investment income	2,369
Cash and cash equivalents	2,999,256		2,867,047
Total cemetery perpetual care trust investments	8,945,781		8,082,917
Cemetery perpetual care obligation	(5,565,003)		(5,326,196)
Trust investments in excess of trust obligations	3,380,778		2,756,721
Cemetery Perpectual Care Obligation [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	649,256		477,797
Available for sale securities, unrecognized holding gain	1,815		302
Available for sale securities, unrecognized holding loss	(385)		(574)
Available for sale securities, estimated fair value	650,686		477,525
Cemetery Perpectual Care Obligation [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	125,798		115,792
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(4,549)		(5,114)
Available for sale securities, estimated fair value	121,249		110,678
Cemetery Perpectual Care Obligation [Member] | Industrial Miscellaneous and All Other [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,830,983		3,614,392
Available for sale securities, unrecognized holding gain	1,362,684		859,680
Available for sale securities, unrecognized holding loss	(121,246)		(146,771)
Available-for-sale securities, gross unrealized gain	5,072,421		4,327,301
Cemetery Perpectual Care Obligation [Member] | Equity Securities One [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost basis	3,830,983		3,614,392
Available for sale securities, unrecognized holding gain	1,362,684		859,680
Available for sale securities, unrecognized holding loss	(121,246)		(146,771)
Available-for-sale securities, gross unrealized gain	5,072,421		4,327,301
Mortgage loans on real estate and construction	99,800		246,865
Cemetery Perpectual Care Obligation [Member] | Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage loans on real estate and construction	100,000		$ 247,360
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Available for sale securities, amortized cost	775,054
Available for sale securities, estimated fair value	771,935
Allowance for Credit Losses
Cemetery Perpectual Care Oblication [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Allowance for Credit Losses
Cemetery Perpectual Care Oblication [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Allowance for Credit Losses
[1]Gross unrealized losses are net of allowance for credit losses[2]Gross unrealized losses are net of allowance for credit losses[3] Includes $ 553,900 1,824,300 530,900 1,748,900

Schedule of Investments (Deta_2

Schedule of Investments (Details) (Parenthethical) - USD ($)	Sep. 30, 2024		Dec. 31, 2023
Short term investment	$ 2,378,200	[1]	$ 2,279,800	[2]
Membership [Member]
Short term investment	553,900		530,900
Activity Stock Due [Member]
Short term investment	$ 1,824,300		$ 1,748,900
[1] Includes $ 553,900 1,824,300 530,900 1,748,900

Schedule of Fair Value of Fixed

Schedule of Fair Value of Fixed Maturity Securities (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	$ 177,957	$ 599,958
Available for sale securities, fair value	20,203,034	44,674,633
Available for sale securities, unrecognized holding loss	7,875,956	12,984,162
Available for sale securities, fair value	129,730,593	205,910,291
Available for sale securities, unrecognized holding loss	8,053,913	13,584,120
Available for sale securities, fair value	149,933,627	250,584,924
US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	534	29,394
Available for sale securities, fair value	4,411,131	9,436,090
Available for sale securities, unrecognized holding loss	450,959	1,387,054
Available for sale securities, fair value	22,087,838	70,885,403
Available for sale securities, unrecognized holding loss	451,493	1,416,448
Available for sale securities, fair value	26,498,969	80,321,493
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss		11,105
Available for sale securities, fair value		470,325
Available for sale securities, unrecognized holding loss	145,441	308,155
Available for sale securities, fair value	4,162,052	5,284,498
Available for sale securities, unrecognized holding loss	145,441	319,260
Available for sale securities, fair value	4,162,052	5,754,823
Corporate Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	171,711	529,660
Available for sale securities, fair value	15,096,035	32,507,773
Available for sale securities, unrecognized holding loss	3,714,178	6,615,847
Available for sale securities, fair value	83,653,386	107,556,216
Available for sale securities, unrecognized holding loss	3,885,889	7,145,507
Available for sale securities, fair value	98,749,421	140,063,989
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	5,712	29,799
Available for sale securities, fair value	695,868	2,260,445
Available for sale securities, unrecognized holding loss	3,565,378	4,673,106
Available for sale securities, fair value	19,827,317	22,184,174
Available for sale securities, unrecognized holding loss	3,571,090	4,702,905
Available for sale securities, fair value	20,523,185	24,444,619
Cemetery Perpectual Care Obligation [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	385	574
Available for sale securities, fair value	502,740	143,448
Available for sale securities, unrecognized holding loss	4,549	5,285
Available for sale securities, fair value	121,249	164,179
Available for sale securities, unrecognized holding loss	4,934	5,859
Available for sale securities, fair value	623,989	307,627
Cemetery Perpectual Care Obligation [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	385	574
Available for sale securities, fair value	502,740	143,448
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	385	574
Available for sale securities, fair value	502,740	143,448
Cemetery Perpectual Care Obligation [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss
Available for sale securities, unrecognized holding loss	4,549	5,114
Available for sale securities, fair value	121,249	110,678
Available for sale securities, unrecognized holding loss	4,549	5,114
Available for sale securities, fair value	121,249	110,678
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, unrecognized holding loss		171
Available for sale securities, fair value		53,501
Available for sale securities, unrecognized holding loss		171
Available for sale securities, fair value		53,501
Restricted Assets [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	2,000	1,000
Available for sale securities, fair value	529,762	249,877
Available for sale securities, unrecognized holding loss	4,500	7,282
Available for sale securities, fair value	411,188	673,319
Available for sale securities, unrecognized holding loss	6,500	8,282
Available for sale securities, fair value	940,950	923,196
Restricted Assets [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	240	1,000
Available for sale securities, fair value	301,644	249,877
Available for sale securities, unrecognized holding loss
Available for sale securities, fair value
Available for sale securities, unrecognized holding loss	240	1,000
Available for sale securities, fair value	301,644	249,877
Restricted Assets [Member] | US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	1,433
Available for sale securities, fair value	178,028
Available for sale securities, unrecognized holding loss	3,448	4,542
Available for sale securities, fair value	292,624	451,985
Available for sale securities, unrecognized holding loss	4,881	4,542
Available for sale securities, fair value	470,652	451,985
Restricted Assets [Member] | US Government Corporations and Agencies Securities [Member]
Marketable Securities [Line Items]
Available for sale securities, unrecognized holding loss	327
Available for sale securities, fair value	50,090
Available for sale securities, unrecognized holding loss	1,052	2,740
Available for sale securities, fair value	118,564	221,334
Available for sale securities, unrecognized holding loss	1,379	2,740
Available for sale securities, fair value	$ 168,654	$ 221,334

Schedule of Credit Quality of F

Schedule of Credit Quality of Fixed Maturity Security Portfolio by NAIC Designation (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Amortized cost	$ 347,143,698	$ 390,884,441
Estimated fair value	346,513,336	381,535,986
NAIC, Class 1 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	176,865,129	221,933,425
Estimated fair value	176,303,283	216,975,288
NAIC, Class 2 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	162,142,176	161,062,016
Estimated fair value	162,728,124	157,346,803
NAIC, Class 3 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	6,534,603	6,418,829
Estimated fair value	6,134,808	5,953,542
NAIC, Class 4 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,104,422	982,290
Estimated fair value	1,048,370	948,478
NAIC, Class 5 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	246,186	236,648
Estimated fair value	48,750	51,875
NAIC, Class 6 Designation [Member]
Guarantor Obligations [Line Items]
Amortized cost	1,182	1,233
Estimated fair value	1
National Association of Insurance Commissioners [Member]
Guarantor Obligations [Line Items]
Amortized cost	346,893,698	390,634,441
Estimated fair value	$ 346,263,336	$ 381,275,986

Schedule of Allowance for Credi

Schedule of Allowance for Credit Losses on Fixed Maturity Securities Available for Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Impairment Effects on Earnings Per Share [Line Items]
Balance	$ 394,260	$ 224,005	$ 314,549
Additions for credit losses not previously recorded	25,000		61,000	179,500
Change in allowance on securities with previous allowance	(4,658)	(1,741)	39,053	42,764
Reductions for securities sold during the period		(10,764)		(10,764)
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Balance	414,602	211,500	414,602	211,500
US Treasury Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Balance
Additions for credit losses not previously recorded
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Balance
US States and Political Subdivisions Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Balance
Additions for credit losses not previously recorded
Change in allowance on securities with previous allowance
Reductions for securities sold during the period
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Balance
Corporate Debt Securities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Balance	382,211	224,005	308,500
Additions for credit losses not previously recorded	25,000		55,000	179,500
Change in allowance on securities with previous allowance	(4,658)	(1,741)	39,053	42,764
Reductions for securities sold during the period		(10,764)		(10,764)
Reductions for securities with credit losses due to intent to sell
Write-offs charged against the allowance
Recoveries of amounts previously written off
Balance	402,553	211,500	402,553	211,500
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Impairment Effects on Earnings Per Share [Line Items]
Balance	12,049		6,049
Additions for credit losses not previously recorded			6,000
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
Balance	$ 12,049		$ 12,049

Schedule of Investments Classif

Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized cost	$ 347,143,698	$ 390,884,441
Estimated fair value	346,513,336	381,535,986
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Amortized cost	33,740,031	40,359,878
Estimated fair value	30,518,532	36,157,571
Redeemable Preferred Stock [Member]
Marketable Securities [Line Items]
Amortized cost	250,000	250,000
Estimated fair value	250,000	260,000
Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	775,054
Estimated fair value	771,935
Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	1,748,149	1,860,195
Estimated fair value	1,747,584	$ 1,853,860
Due in 1 year [Member]
Marketable Securities [Line Items]
Amortized cost	7,981,489
Estimated fair value	7,842,911
Due in 1 year [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost
Estimated fair value
Due in 1 year [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost
Estimated fair value
Due in 2-5 years [Member]
Marketable Securities [Line Items]
Amortized cost	136,017,903
Estimated fair value	136,085,053
Due in 2-5 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	721,973
Estimated fair value	720,120
Due in 2-5 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	1,109,780
Estimated fair value	1,114,228
Due in 5-10 years [Member]
Marketable Securities [Line Items]
Amortized cost	103,303,678
Estimated fair value	106,137,140
Due in 5-10 years [Member] | Cemetery Perpectual Care Oblication [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	101,523
Estimated fair value	100,833
Due in more than 10 years [Member]
Marketable Securities [Line Items]
Amortized cost	65,850,597
Estimated fair value	65,679,700
Due in more than 10 years [Member] | Cemetery Perpectual Care Oblication [Member]
Marketable Securities [Line Items]
Amortized cost	53,081
Estimated fair value	51,815
Due in more than 10 years [Member] | Restricted Assets [Member]
Marketable Securities [Line Items]
Amortized cost	536,846
Estimated fair value	$ 532,523

Schedule of Major Categories of

Schedule of Major Categories of Net Investment Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Marketable Securities [Line Items]
Proceeds from sales	$ 181,949	$ 207,522	$ 789,190	$ 1,163,132
Gross realized gains			2,714	11,257
Gross realized losses	(20,666)	(3,368)	(1,522)	(57,472)
Gross investment income	21,806,064	23,372,713	67,795,728	69,575,825
Investment expenses	(4,006,968)	(4,124,250)	(12,005,256)	(12,380,505)
Net investment income	17,799,096	19,248,463	55,790,472	57,195,320
Fixed Maturity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	4,301,241	4,242,185	13,050,503	12,398,685
Equity Securities [Member]
Marketable Securities [Line Items]
Gross investment income	171,767	167,348	516,363	448,564
Mortgage Loans Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	7,032,201	9,842,845	22,867,797	27,797,908
Real Estate [Member]
Marketable Securities [Line Items]
Gross investment income	3,093,459	3,291,047	9,893,539	11,553,643
Policy Student And Other Loans [Member]
Marketable Securities [Line Items]
Gross investment income	225,393	191,843	715,791	599,498
Insurance Assignments [Member]
Marketable Securities [Line Items]
Gross investment income	5,009,043	4,340,644	14,971,607	13,570,659
Other Investments [Member]
Marketable Securities [Line Items]
Gross investment income	272,062	213,560	672,363	555,720
Cash And Cash Equivalents [Member]
Marketable Securities [Line Items]
Gross investment income	$ 1,700,898	$ 1,083,241	$ 5,107,765	$ 2,651,148

Schedule of Assets on Deposit W

Schedule of Assets on Deposit With Life Insurance (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Other investments	$ 70,219,649	$ 69,404,617
Asset Pledged as Collateral [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	66,564,387	93,903,089
Total assets pledged as collateral	66,564,387	93,903,089
Third Party Reinsurance Agreements [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	26,907,601	27,903,952
Cash and cash equivalents	3,427,980	2,101,052
Total assets on deposit	30,335,581	30,005,004
Life Insurance Regulatory Authorities [Member]
Marketable Securities [Line Items]
Fixed maturity securities available for sale at estimated fair value	6,402,068	6,206,650
Other investments	400,000	400,000
Cash and cash equivalents	1,385,229	1,909,215
Total assets on deposit	$ 8,187,297	$ 8,515,865

Schedule of Commercial Real Est

Schedule of Commercial Real Estate Investment (Details)		Sep. 30, 2024 USD ($) ft²		Dec. 31, 2023 USD ($) ft²
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 200,490,556		$ 183,419,292
Real estate held for sale		1,001,453		3,028,973
Commercial Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 126,880,036		$ 142,494,427
Total square footage | ft²		548,563		627,542
Real estate held for sale		$ 151,553	[1]	$ 3,028,973
Real estate Square footage | ft²				19,694
UTAH | Commercial Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[2]	$ 126,861,284		$ 142,475,177
Total square footage | ft²	[2]	546,941		625,920
LOUISIANA | Commercial Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 18,752		$ 19,250
Total square footage | ft²		1,622		1,622
MISSISSIPPI | Commercial Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for sale		$ 151,553	[1]	$ 3,028,973
Real estate Square footage | ft²				19,694
[1]Consists of approximately 93 acres of undeveloped land[2]Includes Center53

Schedule of Residential Real Es

Schedule of Residential Real Estate Investment (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		$ 200,490,556	$ 183,419,292
Real estate held for sale		1,001,453	3,028,973
Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		73,610,520	40,924,865
Real estate held for sale		849,900
UTAH | Land Developments [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)		73,432,813	40,739,201
Lots available for sale		35	42
Lots to be developed		1,304	1,145
UTAH | Residential Real Estate [Member]
Marketable Securities [Line Items]
Real estate held for investment (net of accumulated depreciation)	[1]	73,610,520	40,924,865
Real estate held for sale		$ 849,900
[1]Includes multiple residential subdivision development projects

Schedule of Real Estate Owned a

Schedule of Real Estate Owned and Occupied by the Company (Details)	Sep. 30, 2024 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	12,274	[2]
Square footage occupied by the company	100%	[2]
Life Insurance Sales [Member]
Approximate square footage	1,560	[2],[3]
Square footage occupied by the company	100%	[2],[3]
[1]Included in real estate held for investment on the condensed consolidated balance sheets[2]Included in property and equipment on the condensed consolidated balance sheets[3]Listed for sale

Schedule of Allowance for Loan

Schedule of Allowance for Loan Losses (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		$ 2,853,852	$ 2,663,560	$ 3,818,653	$ 1,970,311
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13	[1]	665,030			665,030
Provision for credit losses	[2]	(178,621)	(50,616)	(1,143,422)	(22,397)
Allowance for credit losses, charge-offs		(1,095,485)		(1,095,485)
Financing receivable, allowance for credit loss, ending balance		1,579,746	2,612,944	1,579,746	2,612,944
Commercial Loan [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		849,323	831,055	1,219,653	187,129
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13	[1]	555,807			555,807
Provision for credit losses	[2]	(87,611)	(20,873)	(457,941)	67,246
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		761,712	810,182	761,712	810,182
Residential Mortgage [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		1,779,386	1,589,860	2,390,894	1,739,980
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13	[1]	(192,607)			(192,607)
Provision for credit losses	[2]	(127,239)	10,310	(738,747)	52,797
Allowance for credit losses, charge-offs		(1,095,485)		(1,095,485)
Financing receivable, allowance for credit loss, ending balance		556,662	1,600,170	556,662	1,600,170
Residential Construction [Member]
Marketable Securities [Line Items]
Financing receivable, allowance for credit loss, beginning balance		225,143	242,645	208,106	43,202
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13	[1]	301,830			301,830
Provision for credit losses	[2]	36,229	(40,053)	53,266	(142,440)
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance		$ 261,372	$ 202,592	$ 261,372	$ 202,592
[1]See Note 2 of the notes to the condensed consolidated financial statements[2]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Aging of Mortgage L

Schedule of Aging of Mortgage Loans (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Mortgage Loans during period		$ 285,598,486	$ 281,382,873
Mortgage Loans, Allowance for Loan Losses		(1,579,746)	(3,818,653)	$ (2,853,852)	$ (2,612,944)	$ (2,663,560)	$ (1,970,311)
Mortgage Loans, Unamortized deferred loan fees, net		(1,978,564)	(1,623,226)
Mortgage Loans, Unamortized discounts, net		(305,994)	(324,157)
Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		6,252,738	3,387,673
Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,299,663	3,472,760
Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	5,738,008	3,885,931
In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,708,118	2,263,298
Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		16,998,527	13,009,662
Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		268,599,959	268,373,211
Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		281,734,182	275,616,837
Commercial Loan [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		66,462,554	74,176,538
Mortgage Loans, Allowance for Loan Losses		(761,712)	(1,219,653)	(849,323)	(810,182)	(831,055)	(187,129)
Mortgage Loans, Unamortized deferred loan fees, net		(94,848)	(172,989)
Mortgage Loans, Unamortized discounts, net		(152,838)	(216,705)
Commercial Loan [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Commercial Loan [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period
Commercial Loan [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,555,000	405,000
Commercial Loan [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	191,508	1,241,508
Commercial Loan [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		3,746,508	1,646,508
Commercial Loan [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		62,716,046	72,530,030
Commercial Loan [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		65,453,156	72,567,191
Residential Mortgage [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		88,452,336	103,153,587
Mortgage Loans, Allowance for Loan Losses		(556,662)	(2,390,894)	(1,779,386)	(1,600,170)	(1,589,860)	(1,739,980)
Mortgage Loans, Unamortized deferred loan fees, net		(1,194,377)	(1,135,491)
Mortgage Loans, Unamortized discounts, net		(153,156)	(107,452)
Residential Mortgage [Member] | Past Due 30 to 59 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		6,252,738	3,387,673
Residential Mortgage [Member] | Past Due 60 to 89 Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		1,299,663	3,472,760
Residential Mortgage [Member] | Past Due 90 or More Days [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	2,183,008	3,480,931
Residential Mortgage [Member] | In Foreclosure [Member]
Marketable Securities [Line Items]
Mortgage Loans during period	[1]	3,516,610	1,021,790
Residential Mortgage [Member] | Total Past Due [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		13,252,019	11,363,154
Residential Mortgage [Member] | Current [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		75,200,317	91,790,433
Residential Mortgage [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		86,548,141	99,519,750
Residential Construction [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		130,683,596	104,052,748
Mortgage Loans, Allowance for Loan Losses		(261,372)	(208,106)	$ (225,143)	$ (202,592)	$ (242,645)	$ (43,202)
Mortgage Loans, Unamortized deferred loan fees, net		(689,339)	(314,746)
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		130,683,596	104,052,748
Residential Construction [Member] | Net Mortgage Loans [Member]
Marketable Securities [Line Items]
Mortgage Loans during period		$ 129,732,885	$ 103,529,896
[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) - USD ($)	Sep. 30, 2024		Dec. 31, 2023
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 16,037,642		$ 35,828,880
Year 2	29,295,226		18,670,968
Year 3	3,652,140		5,233,248
Year 4	3,425,636		4,913,313
Year 5	4,913,313		2,964,740
Prior	9,138,597		6,565,389
Total	$ 66,462,554		$ 74,176,538
% of Total	100%		100%
Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 8,179,852		$ 15,337,828
Year 2	14,052,051		56,077,503
Year 3	44,744,319		7,521,995
Year 4	4,063,670		8,066,897
Year 5	6,491,759		2,786,562
Prior	10,920,685		13,362,802
Total	$ 88,452,336		$ 103,153,587
% of Total	100%		100%
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 8,179,852		$ 15,337,828
Year 2	11,232,976		53,875,389
Year 3	44,202,986		7,156,934
Year 4	3,379,192		7,453,796
Year 5	5,902,895		2,786,562
Prior	9,854,817		12,040,357
Total	$ 82,752,718		$ 98,650,866
% of Total	93.56%		95.63%
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1		[1]		[2]
Year 2	2,819,075	[1]	2,202,114	[2]
Year 3	541,333	[1]	365,061	[2]
Year 4	684,478	[1]	613,101	[2]
Year 5	588,864	[1]		[2]
Prior	1,065,868	[1]	1,322,445	[2]
Total	$ 5,699,618	[1]	$ 4,502,721	[2]
% of Total	6.44%	[1]	4.37%	[2]
Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 8,179,852		$ 15,337,828
Year 2	14,052,051		56,077,503
Year 3	44,744,319		7,521,995
Year 4	4,063,670		8,066,897
Year 5	6,491,759		2,786,562
Prior	10,920,685		13,362,802
Total	$ 88,452,336		$ 103,153,587
% of Total	100%		100%
Less than 65% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 5,604,700		$ 34,304,954
Year 2	27,454,450		13,555,737
Year 3	2,828,743		3,778,248
Year 4	3,020,636
Year 5			2,964,740
Prior	9,138,597		6,565,389
Total	$ 48,047,126		$ 61,169,068
% of Total	72.29%		82.46%
Less than 65% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 2,624,800		$ 3,280,144
Year 2	5,055,179		7,049,522
Year 3	5,981,284		1,843,286
Year 4	1,796,124		1,746,970
Year 5	2,452,998		446,675
Prior	5,348,470		5,206,095
Total	$ 23,258,855		$ 19,572,692
% of Total	26.30%		18.97%
65% to 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 10,432,942		$ 1,523,926
Year 2	1,840,776		5,115,231
Year 3	823,397		1,050,000
Year 4			4,913,313
Year 5	4,913,313
Prior
Total	$ 18,010,428		$ 12,602,470
% of Total	27.10%		16.99%
65% to 80% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 5,555,052		$ 10,962,770
Year 2	8,806,209		44,371,320
Year 3	37,672,607		4,269,894
Year 4	1,948,129		4,222,170
Year 5	3,351,111		2,339,887
Prior	5,504,578		5,711,440
Total	$ 62,837,686		$ 71,877,481
% of Total	71.04%		69.68%
Greater than 80% [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1
Year 2
Year 3			405,000
Year 4	405,000
Year 5
Prior
Total	$ 405,000		$ 405,000
% of Total	0.61%		0.55%
Greater than 80% [Member] | Residential Mortgage Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1			$ 1,094,914
Year 2	190,663		4,656,661
Year 3	1,090,428		1,408,815
Year 4	319,417		2,097,757
Year 5	687,650
Prior	67,637		2,445,267
Total	$ 2,355,795		$ 11,703,414
% of Total	2.66%		11.35%
Greater than 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 15,604,700		$ 20,990,000
Year 2	20,990,000		1,000,000
Year 3	1,000,000		700,000
Year 4			4,913,313
Year 5	4,913,313		2,964,740
Prior	5,459,400		2,612,625
Total	$ 47,967,413		$ 33,180,678
% of Total	72.17%		44.73%
1.00x - 1.20x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1	$ 432,942		$ 8,338,880
Year 2	8,305,226		8,496,127
Year 3	2,652,140		3,483,248
Year 4	3,425,636
Year 5
Prior	3,679,197		3,952,764
Total	$ 18,495,141		$ 24,271,019
% of Total	27.83%		32.72%
Less than 1.00x [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Year 1			$ 6,500,000
Year 2			9,174,841	[3]
Year 3			1,050,000
Year 4
Year 5
Prior
Total			$ 16,724,841
% of Total	0%		22.55%
[1]Includes residential mortgage loans in the process of foreclosure of $ 3,516,610 1,021,790

Schedule of Commercial Mortga_2

Schedule of Commercial Mortgage Loans By Credit Quality Indicator (Details) (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Mortgage loans in process of foreclosure, amount	$ 3,516,610	$ 1,021,790

Schedule of Residential Constru

Schedule of Residential Construction Mortgage Loans (Details) - Residential Construction Mortgage Loans [Member] - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year	$ 93,115,744	$ 60,311,679
Originated in fiscal year before latest fiscal year	24,076,981	16,624,182
Originated two years before latest fiscal year	2,084,366	27,116,887
Originated three years before latest fiscal year	11,406,505
Total	$ 130,683,596	$ 104,052,748
% of Total	100%	100%
Less than 65% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year	$ 35,065,417	$ 40,215,360
Originated in fiscal year before latest fiscal year	22,918,540	8,732,500
Originated two years before latest fiscal year	1,630,488	20,442,302
Originated three years before latest fiscal year	11,406,505
Total	$ 71,020,950	$ 69,390,162
% of Total	54.35%	66.69%
65% to 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year	$ 57,429,690	$ 20,096,319
Originated in fiscal year before latest fiscal year	1,158,441	7,891,682
Originated two years before latest fiscal year	453,878	6,674,585
Originated three years before latest fiscal year
Total	$ 59,042,009	$ 34,662,586
% of Total	45.18%	33.31%
Greater than 80% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year	$ 620,637
Originated in fiscal year before latest fiscal year
Originated two years before latest fiscal year
Originated three years before latest fiscal year
Total	$ 620,637
% of Total	0.47%	0%
Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year	$ 93,115,744	$ 60,311,679
Originated in fiscal year before latest fiscal year	24,076,981	16,624,182
Originated two years before latest fiscal year	2,084,366	27,116,887
Originated three years before latest fiscal year	11,406,505
Total	$ 130,683,596	$ 104,052,748
% of Total	100%	100%
Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current fiscal year
Originated in fiscal year before latest fiscal year
Originated two years before latest fiscal year
Originated three years before latest fiscal year
Total
% of Total	0%	0%

Schedule of Aging of Insurance

Schedule of Aging of Insurance Assignments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Insurance assignments, allowance for loan losses	$ (1,540,835)	$ (1,553,836)	$ (1,535,324)	$ (1,555,261)	$ (1,690,693)	$ (1,609,951)
Past Due 30 to 59 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	9,571,073	10,829,629
Past Due 60 to 89 Days [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	3,593,162	3,709,754
Over 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	5,430,234	4,329,468
Total Past Due [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	18,594,469	18,868,851
Current [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	27,359,925	26,736,471
Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	45,954,394	45,605,322
Net Insurance Assignments [Member]
Financing Receivable, Past Due [Line Items]
Insurance assignments during period	$ 44,413,559	$ 44,051,486

Schedule of Allowance for Cre_2

Schedule of Allowance for Credit Losses (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Marketable Securities [Line Items]
Financing Receivable, Allowance for Credit Loss, Beginning		$ 1,535,324	$ 1,690,693	$ 1,553,836	$ 1,609,951
Financing Receivable, Allowance for Credit Loss, Ending		1,540,835	1,555,261	1,540,835	1,555,261
Commercial Loan [Member]
Marketable Securities [Line Items]
Allowance for credit losses, change in provision	[1]	259,643	214,934	752,256	667,260
Allowance for credit losses, Charge-offs		$ (254,132)	$ (350,366)	$ (765,257)	$ (721,950)
[1]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Gain (Loss) on Inve

Schedule of Gain (Loss) on Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Investments [Line Items]
Gross realized gains			$ 2,714	$ 11,257
Gross realized losses	(20,666)	(3,368)	(1,522)	(57,472)
Net credit loss release (provision)	(20,342)	(1,741)	(100,053)	(222,264)
Total	1,347,656	(932,414)	2,639,843	(4,676)
Fixed Maturity Securities [Member]
Schedule of Investments [Line Items]
Gross realized gains	7,929	37,565	13,120	54,619
Gross realized losses	(43,184)	(10,383)	(61,539)	(102,182)
Net credit loss release (provision)	(20,342)	1,740	(100,053)	(222,264)
Equity Securities One [Member]
Schedule of Investments [Line Items]
Gains (losses) on securities sold	708	324,009	(16,662)	277,057
Unrealized gains (losses) on securities held at the end of the period	2,415,881	(1,321,511)	3,534,285	(423,448)
Mortgage Loans Held for Investment [Member]
Schedule of Investments [Line Items]
Gross realized gains
Gross realized losses	(1,161,364)		(1,161,364)
Real Estate Held For Investment And Sale [Member]
Schedule of Investments [Line Items]
Gross realized gains	71,622	36,166	360,474	197,194
Gross realized losses
Other Assets [Member]
Schedule of Investments [Line Items]
Gross realized gains	95,690		92,095	214,348
Gross realized losses	$ (19,284)		$ (20,513)

Schedule of Accrued Investment

Schedule of Accrued Investment Income (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 7,860,824	$ 10,170,790
Fixed Maturity Securities Available For Sale [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,798,114	3,984,695
Equity Securities [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	9,437	20,451
Mortgage Loans Held for Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	949,979	2,661,092
Real Estate Held For Investment [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	3,011,035	3,486,115
Cash and Cash Equivalents [Member]
Financing Receivable, Past Due [Line Items]
Total accrued investment income	$ 92,259	$ 18,437

Investments (Details Narrative)

Investments (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Credit loss recognized	$ 20,342	$ 1,741	$ 100,053	$ 222,264
Fixed maturity securities rated investment grade, percent	97.90%		97.90%		98.20%
Bank and other loans payable	$ 106,989,925		$ 106,989,925		$ 105,555,137
Impairment losses on residential real estate held for sale	0	0	0	0
Interest not accrued on non-performing loans	297,000		297,000		$ 237,000
Net realized gains	1,140,136	452,115	1,519,487	200,605
Net investment income	17,799,096	19,248,463	55,790,472	57,195,320
Cemeteries and Mortuaries [Member]
Debt Securities, Available-for-Sale [Line Items]
Net investment income	$ 393,811	372,277	$ 1,798,170	2,224,629
UTAH
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	53%		53%		44%
FLORIDA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	9%		9%		11%
TEXAS
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	7%		7%		7%
ARIZONA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	7%		7%		6%
CALIFORNIA
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	5%		5%		10%
Minimum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	2%		2%
Loan term			9 months
Maximum [Member]
Debt Securities, Available-for-Sale [Line Items]
Loan interest rate	10.50%		10.50%
Loan term			30 years
646 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost	94.90%		94.90%
606 Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Average market value over amortized cost					94.90%
Commercial Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Collateral for bank loans	$ 120,756,194		$ 120,756,194		$ 124,381,467
Bank and other loans payable	96,470,650		96,470,650		97,807,614
Depreciation expense	1,420,367	1,572,494	4,366,462	4,715,322
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Depreciation expense	2,653	$ 2,648	7,958	$ 7,944
Residential Real Estate [Member]
Debt Securities, Available-for-Sale [Line Items]
Foreclosed real estate expense	$ 849,900		$ 849,900

Schedule of Aggregate Fair Valu

Schedule of Aggregate Fair Value Loans Held for Sale (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Loans Held For Sale
Aggregate fair value	$ 142,897,741	$ 126,549,190
Unpaid principal balance	139,678,479	127,185,867
Unrealized gain (loss)	$ 3,219,262	$ (636,677)

Schedule of Mortgage Fee Income

Schedule of Mortgage Fee Income for Loans Held for Sale (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loans Held For Sale
Loan fees	$ 7,358,830	$ 6,033,227	$ 20,245,527	$ 16,408,443
Interest income	2,357,379	2,637,971	6,104,113	7,265,516
Secondary gains	17,982,124	17,625,394	51,387,693	54,884,965
Change in fair value of loan commitments	(179,836)	(1,504,286)	811,765	(977,716)
Change in fair value of loans held for sale	2,959,729	(108,676)	3,855,914	(715,799)
Provision for loan loss reserve	(254,134)	252,389	(729,734)	138,369
Mortgage fee income	$ 30,224,092	$ 24,936,019	$ 81,675,278	$ 77,003,778

Schedule of Loan Loss Reserve I

Schedule of Loan Loss Reserve Included in Other Liabilities and Accrued Expenses (Details) - USD ($)	9 Months Ended			12 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023
Loans Held For Sale
Balance, beginning of period	$ 547,233		$ 1,725,667	$ 1,725,667
Provision on current loan originations	729,734	[1]	$ 770,220	27,164	[1]
Charge-offs, net of recaptured amounts	(444,882)			(1,205,598)
Balance, end of period	$ 832,085			$ 547,233
[1]Included in mortgage fee income

Loans Held for Sale (Details Na

Loans Held for Sale (Details Narrative) - USD ($)	9 Months Ended			12 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023
Loans Held For Sale
Foreclosure loans unpaid principal balance	$ 332,848			$ 1,636,090
Provision on current loan originations	$ 729,734	[1]	$ 770,220	$ 27,164	[1]
Loan increase per point	$ 420		$ 450
Amount of loan increased, per point	$ 1,000,000		$ 1,000,000
[1]Included in mortgage fee income

Schedule of Activity of Stock O

Schedule of Activity of Stock Option Plans (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	833,570		976,605
Weighted average exercise price, outstanding, beginning	$ 4.91	[1]	$ 4.56
Number of Shares, adjustment for effect of stock dividends	38,724		38,266
Number of shares, granted	16,500		16,000
Number of shares, exercised	(88,714)		(233,180)
Number of shares, cancelled	(17,333)
Number of shares, outstanding, ending	782,747		797,691
Weighted average exercise price, outstanding, ending	$ 5.16	[1]	$ 4.78
Number of shares, options exercisable	751,872		770,066
Weighted average exercise price, options exercisable	$ 5.05	[1]	$ 4.73
Number of shares, available options for future grant	39,006		171,386
Weighted average contractual term of options outstanding	4 years 10 months 28 days		4 years 8 months 8 days
Weighted average contractual term of options exercisable	4 years 8 months 23 days		4 years 6 months 10 days
Aggregated intrinsic value of options outstanding	$ 3,165,305	[2]	$ 2,438,675	[3]
Aggregated intrinsic value of options exercisable	$ 3,119,776	[2]	$ 2,398,360	[3]
Common Class C [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding, beginning	1,520,062		1,157,203
Weighted average exercise price, outstanding, beginning	$ 5.57	[1]	$ 5.31
Number of Shares, adjustment for effect of stock dividends	76,005		57,859
Number of shares, granted
Number of shares, exercised
Number of shares, cancelled
Number of shares, outstanding, ending	1,596,067		1,215,062
Weighted average exercise price, outstanding, ending	$ 5.57	[1]	$ 5.31
Number of shares, options exercisable	1,519,817		1,141,312
Weighted average exercise price, options exercisable	$ 5.46	[1]	$ 5.25
Number of shares, available options for future grant	556,238		834,750
Weighted average contractual term of options outstanding	5 years 8 months 26 days		6 years 1 month 24 days
Weighted average contractual term of options exercisable	5 years 7 months 17 days		6 years 10 days
Aggregated intrinsic value of options outstanding	$ 5,793,310	[2]	$ 3,074,037	[3]
Aggregated intrinsic value of options exercisable	$ 5,676,723	[2]	$ 2,955,012	[3]
[1]Adjusted for the effect of annual stock dividends.[2]The Company used a stock price of $ 9.20

Schedule of Activity of Stock_2

Schedule of Activity of Stock Option Plans (Details) (Parenthetical) - $ / shares	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock price	$ 9.20	$ 7.84

Schedule of Activity Restricted

Schedule of Activity Restricted Stock Units (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, available RSUs for future grant	39,006	171,386
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average grant date fair value, beginning	$ 7.72	$ 6.48
Weighted average grant date fair value, ending	$ 7.99	$ 6.48
Restricted Stock Units (RSUs) [Member] | Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Non-vested Number of shares, beginning	2,245	1,620
Non-vested Number of shares, Granted
Non-vested Number of shares, Vested	(1,325)	(810)
Number of shares, available RSUs for future grant	920	810
Aggregated intrinsic value of RSUs outstanding	$ 16,540	$ 18,380

Stock Compensation Plans (Detai

Stock Compensation Plans (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	$ 196,326	$ 184,066	$ 199,887	$ 145,973	$ 141,954	$ 143,671
Intrinsic value, stock options exercised							$ 290,159	$ 454,923
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	895						2,666	742
Total unrecognized compensation expense	598						598
Stock Option Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation expense	195,431			$ 145,973			577,613	$ 430,856
Total unrecognized compensation expense	$ 134,239						$ 134,239

Schedule of Earnings Per Share,

Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)		3 Months Ended						9 Months Ended
		Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net earnings		$ 11,831,444	$ 7,271,549	$ 7,474,522	$ 4,041,293	$ 6,352,706	$ 1,240,172	$ 26,577,515	$ 11,634,171
Basic weighted-average shares outstanding	[1]	23,240,725			23,169,141			23,287,707	23,171,889
Employee stock options		812,761			806,643			696,526	665,804
Diluted weighted-average shares outstanding	[1]	24,053,486			23,975,784			23,984,233	23,837,693
Basic net earnings per share	[1]	$ 0.51			$ 0.17			$ 1.14	$ 0.50
Diluted net earnings per share	[1]	$ 0.49			$ 0.17			$ 1.11	$ 0.49
[1]Net earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends. The weighted-average shares outstanding includes the weighted-average Class A common shares and the weighted-average Class C common shares determined on an equivalent Class A common stock basis. Net earnings per common share represent net earnings per equivalent Class A common share.

Summary of Activities in Shares

Summary of Activities in Shares of Capital Stock (Details) - shares		9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023
Common Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Outstanding shares at December 31, 2023	[1]	21,052,883	[2]	19,708,011
Exercise of stock options		63,512		239,191
Vesting of restricted stock units		1,325		810
Conversion of Class C to Class A		266		59,599
Outstanding shares at September 30, 2024		21,117,986		20,007,611
Common Class C [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Outstanding shares at December 31, 2023	[1]	3,120,432	[2]	3,031,453
Exercise of stock options
Vesting of restricted stock units
Conversion of Class C to Class A		(266)		(59,599)
Outstanding shares at September 30, 2024		3,120,166		2,971,854
[1]Adjusted retroactively for the effect of annual stock dividends[2]Issued and outstanding shares have been adjusted retroactively for the effect of annual stock dividends.

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		55,125

Schedule of Revenues and Expens

Schedule of Revenues and Expenses by Reportable Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues from external customers	$ 88,273,687	$ 80,241,727	$ 255,253,221	$ 243,588,620
Intersegment revenues
Segment profit (loss) before income taxes	15,214,682	5,158,690	34,223,586	14,892,911
Identifiable Assets	1,489,570,412	1,408,518,452	1,489,570,412	1,408,518,452
Goodwill	5,253,783	5,253,783	5,253,783	5,253,783	$ 5,253,783
Total Assets	1,494,824,195	1,413,772,235	1,494,824,195	1,413,772,235
Life Insurance [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	48,853,356	47,199,169	146,061,306	140,685,555
Intersegment revenues	2,066,052	2,330,292	5,351,600	6,357,810
Segment profit (loss) before income taxes	12,358,186	7,175,181	28,052,410	20,017,102
Identifiable Assets	1,379,914,778	1,299,027,212	1,379,914,778	1,299,027,212
Goodwill	2,765,570	2,765,570	2,765,570	2,765,570
Total Assets	1,382,680,348	1,301,792,782	1,382,680,348	1,301,792,782
Cemetery/Mortuary [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	8,542,677	7,416,423	25,608,123	23,427,327
Intersegment revenues	85,699	85,699	255,234	254,302
Segment profit (loss) before income taxes	2,840,346	1,469,592	7,984,287	6,082,343
Identifiable Assets	103,403,799	92,299,022	103,403,799	92,299,022
Goodwill	2,488,213	2,488,213	2,488,213	2,488,213
Total Assets	105,892,012	94,787,235	105,892,012	94,787,235
Mortgage [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	30,877,654	25,626,135	83,583,792	79,475,738
Intersegment revenues	137,946	133,639	429,541	393,145
Segment profit (loss) before income taxes	16,150	(3,486,083)	(1,813,111)	(11,206,534)
Identifiable Assets	99,663,509	107,800,781	99,663,509	107,800,781
Goodwill
Total Assets	99,663,509	107,800,781	99,663,509	107,800,781
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	(2,289,697)	(2,549,630)	(6,036,375)	(7,005,257)
Segment profit (loss) before income taxes
Identifiable Assets	(93,411,674)	(90,608,563)	(93,411,674)	(90,608,563)
Goodwill
Total Assets	$ (93,411,674)	$ (90,608,563)	$ (93,411,674)	$ (90,608,563)

Business Segment Information (D

Business Segment Information (Details Narrative)	9 Months Ended
	Sep. 30, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Schedule of Fair Value Assets a

Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)	Sep. 30, 2024		Dec. 31, 2023
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 $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	$ 346,513,336		$ 381,535,986
Equity securities	16,385,571		13,636,071
Loans held for sale	142,897,741		126,549,190
Restricted assets (1)	1,747,584	[1]	1,853,860	[2]
Restricted assets (2)	9,860,911	[3]	7,385,203	[4]
Cemetery perpetual care trust investments (1)	771,935		641,704
Cemetery perpetual care trust investments (2)	5,072,421		4,327,301
Derivatives - loan commitments (3)	5,563,882	[5]	4,995,486	[6]
Total assets accounted for at fair value on a recurring basis	528,813,381		540,924,801
Derivatives - loan commitments (4)	(3,168,855)	[7]	(3,412,224)	[8]
Total liabilities accounted for at fair value on a recurring basis	(3,168,855)		(3,412,224)
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 $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)
Equity securities	16,385,571		13,636,071
Loans held for sale
Restricted assets (1)		[1]		[2]
Restricted assets (2)	9,860,911	[3]	7,385,203	[4]
Cemetery perpetual care trust investments (1)
Cemetery perpetual care trust investments (2)	5,072,421		4,327,301
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	31,318,903		25,348,575
Derivatives - loan commitments (4)		[7]		[8]
Total liabilities accounted for at fair value on a recurring basis
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 $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	345,281,782		380,297,330
Equity securities
Loans held for sale
Restricted assets (1)	1,747,584	[1]	1,853,860	[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments (1)	771,935		641,704
Cemetery perpetual care trust investments (2)
Derivatives - loan commitments (3)		[5]		[6]
Total assets accounted for at fair value on a recurring basis	347,801,301		382,792,894
Derivatives - loan commitments (4)		[7]		[8]
Total liabilities accounted for at fair value on a recurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	1,231,554		1,238,656
Equity securities
Loans held for sale	142,897,741		126,549,190
Restricted assets (1)		[1]		[2]
Restricted assets (2)		[3]		[4]
Cemetery perpetual care trust investments (1)
Cemetery perpetual care trust investments (2)
Derivatives - loan commitments (3)	5,563,882	[5]	4,995,486	[6]
Total assets accounted for at fair value on a recurring basis	149,693,177		132,783,332
Derivatives - loan commitments (4)	(3,168,855)	[7]	(3,412,224)	[8]
Total liabilities accounted for at fair value on a recurring basis	$ (3,168,855)		$ (3,412,224)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale[3] Equity securities Equity securities Included in other assets on the consolidated balance sheets Included in other assets on the consolidated balance sheets Included in other liabilities and accrued expenses on the consolidated balance sheets Included in other liabilities and accrued expenses on the consolidated balance sheets

Schedule of Level 3 Assets and

Schedule of Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024		Dec. 31, 2023		Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Fair value balance, loans held for sale	$ 142,897,741		$ 126,549,190
Fair value balance, Derivatives - loan commitments (net)	5,563,882	[1]	4,995,486	[2]
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	346,513,336		381,535,986
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value balance, loans held for sale	$ 142,897,741		$ 126,549,190		$ 150,196,416	$ 152,546,566	$ 161,310,060	$ 141,179,620
Fair value measurement, range of inputs, minimum value	87%		70%
Fair value measurement, range of inputs, maximum value	107%		121%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	102%		100%
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Fair value measurement, range of inputs, minimum value	65%		70%
Fair value measurement, range of inputs, maximum value	100%		99%
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	85%		86%
Fair value balance, Derivatives - loan commitments (net)	$ 2,395,027		$ 1,583,262		2,574,863	1,729,161	3,233,447	2,706,877
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 $347,143,698 and $390,884,441 for 2024 and 2023, respectively; net of allowance for credit losses of $414,602 and $314,549 for 2024 and 2023, respectively)	$ 1,231,554		$ 1,238,656		$ 1,237,469	$ 1,232,187	$ 1,431,874	$ 1,435,519
Fair value measurement, range of inputs, minimum value	$ 98.40		$ 98.40
Fair value measurement, range of inputs, maximum value	100		102.46
Fair value measurement with unobservable inputs reconciliation, recurring basis, asset and liability, weighted average	$ 99.27		$ 99.86
[1] Included in other assets on the consolidated balance sheets Included in other assets on the consolidated balance sheets

Schedule of Changes in Consolid

Schedule of Changes in Consolidated Balance Sheet Line Items Measured Using Level 3 Inputs (Details) - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning	[1]					$ 4,995,486
Loans Held for Sale, Beginning						126,549,190
Fixed Maturity Securities Available for Sale, Beginning						381,535,986
Originations and purchases						45,346,681		$ 50,158,586
Sales, maturities and paydowns						(89,829,379)		(33,160,924)
Total gains (losses) included in other comprehensive income		$ 10,595,637		$ (6,725,752)		8,809,823		(6,310,923)
Net loan commitments, ending	[2]	5,563,882				5,563,882
Loans Held for Sale, Ending		142,897,741				142,897,741
Fixed Maturity Securities Available for Sale, Ending		346,513,336				346,513,336
Transfer to mortgage loans held for investment								(3,017,626)
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Net loan commitments, beginning		2,574,863		3,233,447		1,583,262		2,706,877
Originations and purchases
Sales, maturities and paydowns
Total gains (losses) included in earnings		(179,836)	[3]	(1,504,286)	[4]	811,765	[5]	(977,716)	[6]
Total gains (losses) included in other comprehensive income
Net loan commitments, ending		2,395,027		1,729,161		2,395,027		1,729,161
Transfer to mortgage loans held for investment
Loans Held For Sale [Member]
Subsidiary, Sale of Stock [Line Items]
Loans Held for Sale, Beginning		150,196,416		161,310,060		126,549,190		141,179,620
Originations and purchases		633,213,359		569,095,944		1,723,036,874		1,708,831,185
Sales, maturities and paydowns		(655,088,969)		(585,545,472)		(1,742,693,113)		(1,726,023,095)
Total gains (losses) included in earnings		14,576,935	[3]	9,553,586	[4]	36,863,767	[5]
Total gains (losses) included in other comprehensive income
Loans Held for Sale, Ending		142,897,741		152,546,566		142,897,741		152,546,566
Transfer to mortgage loans held for investment				(1,867,552)				(3,017,626)
Loans held for sale foreclosed into real estate held for sale						(858,977)		31,576,482	[6]
Fixed Maturity Securities Available For Sale 1 [Member]
Subsidiary, Sale of Stock [Line Items]
Fixed Maturity Securities Available for Sale, Beginning		1,237,469		1,431,874		1,238,656		1,435,519
Originations and purchases
Sales, maturities and paydowns				(129,521)				(129,521)
Total gains (losses) included in earnings			[7]	(109)	[8]		[9]	(109)	[10]
Total gains (losses) included in other comprehensive income		(5,915)		(70,057)		(7,102)		(73,702)
Fixed Maturity Securities Available for Sale, Ending		$ 1,231,554		$ 1,232,187		1,231,554		1,232,187
Transfer to mortgage loans held for investment
[1] Included in other assets on the consolidated balance sheets Included in other assets on the consolidated balance sheets

Schedule of Financial Instrumen

Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Sep. 30, 2024		Dec. 31, 2023		Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	$ 281,734,182		$ 275,616,837
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	70,219,649		69,404,617
Restricted assets	27,957,336		20,028,976
Cemetery perpetual care trust investments	8,945,781		8,082,917
Mortgage servicing rights	3,051,805		3,461,146		$ 3,039,765
Mortgage servicing rights, estimated fair value	4,170,880		4,543,657
Bank and other loans payable	(106,989,925)		(105,555,137)
Future policy benefits and unpaid claims	(937,811,456)		(916,038,616)
Residential Mortgage [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	86,548,141		99,519,750
Mortgage loans held for investment, estimated fair value	88,394,509		96,998,106
Residential Mortgage [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	88,394,509		96,998,106
Residential Construction [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	129,732,885		103,529,896
Mortgage loans held for investment, estimated fair value	129,732,885		103,529,896
Residential Construction [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Construction [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Residential Construction [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	129,732,885		103,529,896
Commercial Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	65,453,156		72,567,191
Mortgage loans held for investment, estimated fair value	66,238,958		72,149,530
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	66,238,958		72,149,530
Mortgage Loans Net 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment	281,734,182		275,616,837
Mortgage loans held for investment, estimated fair value	284,366,352		272,677,532
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
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
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	284,366,352		272,677,532
Policy Loan [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage loans held for investment, estimated fair value	13,735,282
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	13,735,282		13,264,183
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 allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)
Policy Loan [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, 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 allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	13,735,282		13,264,183
Insurance Assignments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Other investments and policy loans (net of allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	44,413,559	[1]	44,051,486	[2]
Other investments and policy loans, estimated fair value	44,413,559	[1]	44,051,486	[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 allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, 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 allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, 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 allowance for credit losses of $1,540,835 and $1,553,836 for 2024 and 2023, respectively)	44,413,559	[1]	44,051,486	[2]
Restricted Assets [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,111,073	[3]	675,219	[4]
Restricted assets, estimated fair value	1,111,073	[3]	675,219	[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets		[3]		[4]
Restricted Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Restricted assets	1,111,073	[3]	675,219	[4]
Cemetery Perpetual Care Trust Investments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Cemetery perpetual care trust investments	99,800	[3]	246,865	[4]
Cemetery perpetual care trust investments, estimated fair value	99,800	[3]	246,865	[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	99,800	[3]	246,865	[4]
Mortgage Servicing Rights [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Mortgage servicing rights	3,051,805		3,461,146
Mortgage servicing rights, estimated fair value	4,170,880		4,543,657
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	4,170,880		4,543,657
Bank and Other Loans Payable [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(106,989,925)		(105,555,137)
Bank and other loans payable, fair value	(92,105,403)		(105,555,137)
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable
Bank and Other Loans Payable [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Bank and other loans payable	(92,105,403)		(105,555,137)
Policyholder Account Balances [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(37,305,721)	[5]	(39,245,123)	[6]
Future policy benefits and unpaid claims	(38,150,732)	[5]	(48,920,691)	[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims		[5]		[6]
Policyholder Account Balances [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(38,150,732)	[5]	(48,920,691)	[6]
Future Policy Benefits Annuities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Future policy benefits and unpaid claims	(106,361,533)	[5]	(106,285,010)	[6]
Future policy benefits and unpaid claims	(105,136,015)	[5]	(102,177,585)	[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	$ (105,136,015)	[5]	$ (102,177,585)	[6]
[1]Included in other investments and policy loans on the condensed consolidated balance sheets[2]Included in other investments and policy loans on the consolidated balance sheets[3]Mortgage loans held for investment[4]Mortgage loans held for investment[5]Included in future policy benefits and unpaid claims on the condensed consolidated balance sheets[6]Included in future policy benefits and unpaid claims on the consolidated balance sheets

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details Narrative)	9 Months Ended
	Sep. 30, 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 Derivative Assets a

Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	$ 270,461,098	$ 161,832,250
Derivative asset, notional amount	5,563,882	4,995,486
Derivative liability, notional amount	3,168,855	3,412,224
Net Derivatives Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Derivative, notional amount	270,461,098	161,832,250
Derivative asset, notional amount	5,563,882	4,995,486
Derivative liability, notional amount	$ 3,168,855	$ 3,412,224

Schedule of Gains and Losses on

Schedule of Gains and Losses on Derivatives (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loan Commitments [Member]
Subsidiary, Sale of Stock [Line Items]
Gain (loss) on derivatives	$ (179,836)	$ (1,504,286)	$ 811,765	$ (977,716)

Reinsurance, Commitments and _2

Reinsurance, Commitments and Contingencies (Details Narrative)	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares
Loss Contingencies [Line Items]
Payment for other liabilities	$ 193,870,000
Other commitments	131,896,896
U.S Bank [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 15,000,000
Interest rate terms	charges interest at 2.10% plus the greater of (i) 0%, and (ii) the one-month forward-looking term rate based on SOFR
Line of credit, maturity date	Jun. 20, 2025
Adjustment of debt | $ / shares	$ 1
Western Alliance Bank [Member]
Loss Contingencies [Line Items]
Line of credit, maximum borrowing capacity	$ 25,000,000
Interest rate terms	charges interest at the 1-Month SOFR rate plus 2.0%
Line of credit, maturity date	Aug. 27, 2025
Adjustment of debt | $ / shares	$ 1
Minimum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 25,000
Interest rate	2%
Minimum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	50%
Interest rate	5.25%
Maximum [Member]
Loss Contingencies [Line Items]
Reinsurance payable	$ 100,000
Interest rate	10.50%
Maximum [Member] | Loans [Member]
Loss Contingencies [Line Items]
Loan commitment ranges	80%
Interest rate	8.50%

Schedule of Mortgage Servicing

Schedule of Mortgage Servicing Rights (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Balance before valuation allowance at beginning of year		$ 3,461,146	$ 3,039,765
MSR additions resulting from loan sales	[1]	49,226	1,009,312
Amortization	[2]	(458,567)	(587,931)
Sale of MSRs
Application of valuation allowance to write down MSRs with other than temporary impairment
Balance before valuation allowance at end of period		3,051,805	3,461,146
Balance at beginning of year
Additions
Balance at end of period
Mortgage servicing rights, net		3,051,805	3,461,146
Estimated fair value of MSRs at end of period		$ 4,170,880	$ 4,543,657
[1]Included in mortgage fee income on the condensed consolidated statements of earnings[2]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Finite-Lived Intang

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense, Mortgage Servicing Rights (Details) - Mortgage Servicing Rights [Member]	Sep. 30, 2024 USD ($)
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
2024	$ 359,390
2025	309,358
2026	275,446
2027	243,362
2028	216,468
Thereafter	1,647,781
Total	$ 3,051,805

Schedule of Other Revenues (Det

Schedule of Other Revenues (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Contractual servicing fees	$ 237,531	$ 249,050	$ 736,137	$ 892,668
Late fees	17,349	21,037	56,637	84,358
Total	$ 254,880	$ 270,087	$ 792,774	$ 977,026

Summary of Unpaid Principal Bal

Summary of Unpaid Principal Balances of the Servicing Portfolio (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Servicing unpaid principal balance	$ 391,681,072	$ 414,147,436

Schedule of Assumptions Used in

Schedule of Assumptions Used in Determining MSR Value (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Prepayment speed	10.60	9.70
Average life	7 years 5 months 12 days	7 years 9 months 14 days
Discount rate	11.81	11.85

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	22.20%	21.70%	22.30%	21.90%
Provision for income taxes	$ 3,383,238	$ 1,117,397	$ 7,646,071	$ 3,258,740
Federal statutory income tax rate, percent			21%

Schedule of Opening and Closing

Schedule of Opening and Closing Balances of Receivables, Contract Assets and Contract Liabilities (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Receivables, beginning balance	[1]	$ 6,321,573	$ 5,392,779
Contract asset, beginning balance
Contract liability, beginning balance		18,237,246	16,226,836
Receivables, ending balance	[1]	6,593,720	6,321,573
Contract asset, ending balance
Contract liability, ending balance		19,493,005	18,237,246
Increase (decrease) in accounts receivable	[1]	272,147	928,794
Increase (decrease) in contract asset
Increase (decrease) in contract liability		$ 1,255,759	$ 2,010,410
[1]Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Revenues of the Cem

Schedule of Revenues of the Cemetery and Mortuary Contracts (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net mortuary and cemetery sales	$ 6,814,331	$ 7,234,031	$ 21,531,769	$ 20,874,174
Major Goods Or Services Lines At Need [Member]
Net mortuary and cemetery sales	5,024,330	4,832,352	15,299,010	14,985,838
Major Goods Or Services Lines Pre Need [Member]
Net mortuary and cemetery sales	1,790,001	2,401,679	6,232,759	5,888,336
Timing Of Revenue Recognition Goods Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	4,064,864	4,762,777	13,287,515	13,321,412
Timing Of Revenue Recognition Services Transferred At A Point In Time [Member]
Net mortuary and cemetery sales	$ 2,749,467	$ 2,471,254	$ 8,244,254	$ 7,552,762

Schedule of Reconciliation of R

Schedule of Reconciliation of Revenues from Cemetery and Mortuary Contracts to Business Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net mortuary and cemetery sales	$ 6,814,331	$ 7,234,031	$ 21,531,769	$ 20,874,174
Gains (losses) on investments and other assets	1,347,656	(932,414)	2,639,843	(4,676)
Net investment income	17,799,096	19,248,463	55,790,472	57,195,320
Other revenues	2,077,431	848,825	3,792,127	2,832,630
Revenues from external customers	88,273,687	80,241,727	255,253,221	243,588,620
Cemetery/Mortuary [Member]
Net mortuary and cemetery sales	6,814,331	7,234,031	21,531,769	20,874,174
Gains (losses) on investments and other assets	1,124,513	(452,120)	1,503,865	(200,610)
Net investment income	477,833	516,094	2,136,982	2,460,859
Other revenues	126,000	118,418	435,507	292,904
Revenues from external customers	$ 8,542,677	$ 7,416,423	$ 25,608,123	$ 23,427,327

Revenues from Contracts with _3

Revenues from Contracts with Customers (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized included in the opening contract liability	$ 1,320,688	$ 1,279,750	$ 4,256,184	$ 3,516,215

Schedule of Receivables (Detail

Schedule of Receivables (Details) - USD ($)		Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Contracts with customers	[1]	$ 6,593,720		$ 6,321,573			$ 5,392,779
Receivables from sales agents		3,516,559		3,252,840
Other		7,907,574		7,658,789
Total receivables		18,017,853		17,233,202
Allowance for credit losses		(1,566,150)	$ (1,770,911)	(1,897,887)	$ (1,520,801)	$ (1,492,934)	$ (2,229,791)
Net receivables		$ 16,451,703		$ 15,335,315
[1]Included in Receivables, net on the condensed consolidated balance sheets

Schedule of Allowance Credit Lo

Schedule of Allowance Credit Losses (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Receivables [Abstract]
Beginning balance	$ 1,770,911		$ 1,492,934		$ 1,897,887		$ 2,229,791
Change in provision for credit losses	(167,300)	[1]	53,878	[1]	(254,306)	[2]	(597,430)	[2]
Charge-offs	(37,461)		(26,011)		(77,431)		(111,560)
Ending balance	$ 1,566,150		$ 1,520,801		$ 1,566,150		$ 1,520,801
[1]Included in other expenses on the condensed consolidated statements of earnings[2]Included in other expenses on the condensed consolidated statements of earnings

Schedule of Restricted Assets i

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024		Dec. 31, 2023		Sep. 30, 2023	Dec. 31, 2022
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	$ 347,143,698		$ 390,884,441
Available for sale securities, unrecognized holding gain	7,838,153		4,550,214
Available for sale securities, unrecognized holding loss	(8,053,913)	[1]	(13,584,120)	[2]
Available for sale securities, estimated fair value	346,513,336		381,535,986
Available-for-sale securities, amortized cost basis	11,357,095		10,571,505
Available-for-sale securities, gross unrealized gain	16,385,571		13,636,071
Mortgage loans on real estate and construction	281,734,182		275,616,837
Accrued investment income	7,860,824		10,170,790
Cash and cash equivalents	188,938,399		139,923,399		$ 147,122,807	$ 133,483,817
Total restricted assets	27,957,336		20,028,976
Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost			647,261
Available for sale securities, unrecognized holding gain	1,815		302
Available for sale securities, unrecognized holding loss	(4,934)		(5,859)
Available for sale securities, estimated fair value	771,935		641,704
Accrued investment income	2,369
Cash and cash equivalents	2,999,256		2,867,047
Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	1,748,149		1,860,195
Available for sale securities, unrecognized holding gain	5,935		1,947
Available for sale securities, unrecognized holding loss	(6,500)		(8,282)
Available for sale securities, estimated fair value	1,747,584		1,853,860
Allowance for Credit Losses
Cash and cash equivalents	15,232,601	[3]	10,114,694	[4]
Total restricted assets	27,957,336		20,028,976
Residential Construction [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Mortgage loans on real estate and construction	(200)		(495)
Mortgage loans on real estate and construction	100,000		247,360
Residential Construction [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Mortgage loans on real estate and construction	1,113,300		676,572
Fair value allowance for credit losses	(2,227)		(1,353)
Mortgage loans on real estate and construction	1,111,073		675,219
Accrued investment income	5,167
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
US Treasury Securities [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	649,256		477,797
Available for sale securities, unrecognized holding gain	1,815		302
Available for sale securities, unrecognized holding loss	(385)		(574)
Available for sale securities, estimated fair value	650,686		477,525
US Treasury Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	1,002,584		932,737
Available for sale securities, unrecognized holding gain	5,878		1,433
Available for sale securities, unrecognized holding loss	(240)		(1,000)
Available for sale securities, estimated fair value	1,008,222		933,170
Allowance for Credit Losses
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	125,798		115,792
Available for sale securities, unrecognized holding gain
Available for sale securities, unrecognized holding loss	(4,549)		(5,114)
Available for sale securities, estimated fair value	121,249		110,678
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	550,532		652,770
Available for sale securities, unrecognized holding gain	27		305
Available for sale securities, unrecognized holding loss	(4,881)		(4,542)
Available for sale securities, estimated fair value	545,678		648,533
Allowance for Credit Losses
Corporate Debt Securities [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available for sale securities, amortized cost	195,033		274,688
Available for sale securities, unrecognized holding gain	30		209
Available for sale securities, unrecognized holding loss	(1,379)		(2,740)
Available for sale securities, estimated fair value	193,684		272,157
Allowance for Credit Losses
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	3,830,983		3,614,392
Available for sale securities, unrecognized holding gain	1,362,684		859,680
Available for sale securities, unrecognized holding loss	(121,246)		(146,771)
Available-for-sale securities, gross unrealized gain	5,072,421		4,327,301
Industrial Miscellaneous and All Other [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	7,996,032		6,516,044
Available for sale securities, unrecognized holding gain	2,075,560		1,117,155
Available for sale securities, unrecognized holding loss	(210,681)		(247,996)
Available-for-sale securities, gross unrealized gain	9,860,911		7,385,203
Equity Securities One [Member] | Cemetery Perpectual Care Obligation [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	3,830,983		3,614,392
Available for sale securities, unrecognized holding gain	1,362,684		859,680
Available for sale securities, unrecognized holding loss	(121,246)		(146,771)
Available-for-sale securities, gross unrealized gain	5,072,421		4,327,301
Mortgage loans on real estate and construction	99,800		246,865
Equity Securities One [Member] | Restricted Assets [Member]
Impairment Effects on Earnings Per Share [Line Items]
Available-for-sale securities, amortized cost basis	7,996,032		6,516,044
Available for sale securities, unrecognized holding gain	2,075,560		1,117,155
Available for sale securities, unrecognized holding loss	(210,681)		(247,996)
Available-for-sale securities, gross unrealized gain	$ 9,860,911		$ 7,385,203
[1]Gross unrealized losses are net of allowance for credit losses[2]Gross unrealized losses are net of allowance for credit losses[3]Including cash and cash equivalents of $ 12,032,252 6,930,930

Schedule of Restricted Assets_2

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) (Parenthetical) - USD ($)	Sep. 30, 2024		Dec. 31, 2023		Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year	$ 188,938,399		$ 139,923,399		$ 147,122,807	$ 133,483,817
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	15,232,601	[1]	10,114,694	[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	$ 12,032,252		$ 6,930,930
[1]Including cash and cash equivalents of $ 12,032,252 6,930,930

Cemetery Perpetual Care Trust_3

Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cemetery Perpectual Care Obligation [Member]
Schedule of Investments [Line Items]
Credit loss recognized	$ 0	$ 0	$ 0	$ 0
Four Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	99.20%		99.20%		98.10%
12 Securities [Member]
Schedule of Investments [Line Items]
Average market value over amortized cost	99.30%		99.30%		99.10%

Schedule of Changes in Accumula

Schedule of Changes in Accumulated Other Comprehensive Income (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on fixed maturity securities available for sale		$ 10,595,637	$ (6,725,752)	$ 8,809,823	$ (6,310,923)
Amounts reclassified into net earnings		(152,147)	(79,850)	(148,472)	(269,827)
Unrealized gains (losses) on cemetery perpetual care  trust investments		10,443,490	(6,805,602)	8,661,351	(6,580,750)
Tax (expense) benefit		(2,198,474)	1,429,176	(1,824,502)	1,381,958
Net		8,245,016	(5,376,426)	6,836,849	(5,198,792)
Other comprehensive income (loss) changes		8,255,240	(5,387,527)	6,843,013	(5,212,021)
Restricted Assets [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Unrealized gains (losses) on cemetery perpetual care  trust investments	[1]	9,353	(12,284)	5,770	(14,340)
Tax (expense) benefit		(2,330)	3,060	(1,437)	3,572
Net		7,023	(9,224)	4,333	(10,768)
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]	4,263	(2,487)	2,438	(3,299)
Tax (expense) benefit		(1,062)	610	(607)	838
Net		$ 3,201	$ (1,877)	$ 1,831	$ (2,461)
[1]Fixed maturity securities available for sale

Schedule of Accumulated Balance

Schedule of Accumulated Balances of Other Comprehensive Income (Details) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2024		Dec. 31, 2023
Equity [Abstract]
Unrealized gains on fix maturity securities available-for-sale		$ (6,876,629)		$ (13,050,767)
Increase (Decrease) in Unrealized gains on fixed maturity securities available-for-sale		6,836,849		6,174,138
Unrealized gains on fix maturity securities available-for-sale		(39,780)		(6,876,629)
Unrealized gains (losses) on restricted assets		(4,757)	[1]	(13,148)	[2]
Increase Dececrease in Unrealized gains (losses) on restricted assets		4,333	[1]	8,391	[2]
Unrealized gains (losses) on restricted assets	[1]	(424)		(4,757)
Unrealized gains (losses) on cemetery perpetual care trust investments		(4,172)	[1]	(6,362)	[2]
Increase Dececrease in Unrealized gains (losses) on cemetery perpetual care trust investments		1,831	[1]	2,190	[2]
Unrealized gains (losses) on cemetery perpetual care trust investments	[1]	(2,341)		(4,172)
Other comprehensive income (loss), Balance		(6,885,558)		(13,070,277)
Increase (Decrease) in Other comprehensive income (loss), Balance		6,843,013		6,184,719
Other comprehensive income (loss), Balance		$ (42,545)		$ (6,885,558)
[1]Fixed maturity securities available for sale[2]Fixed maturity securities available for sale