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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2013	Mar. 26, 2014	Jun. 30, 2013
Entity Registrant Name	SECURITY NATIONAL FINANCIAL CORP
Document Type	10-K
Document Period End Date	Dec. 31, 2013
Amendment Flag	false
Entity Central Index Key	0000318673
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Entity Public Float			$ 25,852,000
Class A Common Stock
Entity Common Stock, Shares Outstanding		11,844,678
Class C Common Stock
Entity Common Stock, Shares Outstanding		13,294,792

Balance Sheet - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Investments:
Fixed maturity securities, held to maturity, at amortized cost	$ 143,466,494	$ 129,449,410
Equity securities, available for sale, at estimated fair value	4,498,756	5,405,112
Mortgage loans on real estate and construction loans held for investment, net of allowances for loan losses of $1,652,090 and $4,239,861 for 2013 and 2012	102,781,878	84,462,205
Real estate held for investment, net of accumulated depreciation of $9,658,599 and $7,441,418 for 2013 and 2012	99,760,475	64,254,030
Policy and other loans, net of allowance for doubtful accounts of $269,175 and $505,030 for 2013 and 2012	19,724,006	20,188,516
Short-term investments	12,135,719	40,925,390
Accrued investment income	2,485,054	2,393,941
Total investments	384,852,382	347,078,604
Cash and cash equivalents	38,203,164	33,494,284
Mortgage loans sold to investors	77,179,652	94,597,969
Receivables, net	11,652,572	16,559,277
Restricted assets	6,670,980	9,366,958
Cemetery perpetual care trust investments	2,414,883	2,090,111
Receivable from reinsurers	12,033,877	14,529,144
Cemetery land and improvements	10,631,573	11,079,755
Deferred policy and pre-need contract acquisition costs	45,737,940	39,913,465
Mortgage servicing rights	4,844,101	2,797,470
Property and equipment, net	11,523,160	11,033,957
Value of business acquired	8,680,845	9,829,082
Goodwill	677,039	677,039
Other assets	3,655,286	4,169,508
Total Assets	618,757,454	597,216,623
Liabilities
Future life, annuity, and other benefits	452,130,649	438,003,813
Unearned premium reserve	5,173,785	5,383,800
Bank and other loans payable	18,289,438	11,910,343
Deferred pre-need cemetery and mortuary contract revenues	13,176,476	13,412,339
Cemetery perpetual care obligation	3,266,131	3,153,001
Accounts payable	2,850,575	2,026,433
Other liabilities and accrued expenses	20,167,363	25,591,487
Income taxes	15,951,848	17,923,298
Total liabilities	531,006,265	517,404,514
Commitments and Contingencies
Stockholders' Equity
Additional paid-in capital	23,215,875	21,262,140
Accumulated other comprehensive income, net of taxes	1,218,396	1,934,359
Retained earnings	39,666,587	35,114,072
Treasury stock, at cost - 1,141,021 Class A shares and -0- Class C shares in 2013; 1,097,416 Class A shares and -0- Class C shares in 2012	(2,624,625)	(2,380,434)
Total stockholders' equity	87,751,189	79,812,109
Total Liabilities and Stockholders' Equity	618,757,454	597,216,623
Class A Common Stock
Stockholders' Equity
Common stock	23,614,574	21,687,152
Class C Common Stock
Stockholders' Equity
Common stock	$ 2,660,382	$ 2,194,820

Balance Sheet Parenthetical - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Allowance for losses on mortgage loans on real estate and construction loans, held for investment	$ 1,652,090	$ 4,239,861
Accumulated depreciation on real estate held for investment	9,658,599	7,441,418
Allowance for doubtful accounts on policy and other loans	$ 269,175	$ 505,030
Class A Common Stock
Common Stock Par Value	$ 2.00	$ 2.00
Common Stock Authorized	20,000,000	20,000,000
Common Stock Issued	11,807,287	10,843,576
Treasury Stock	1,141,021	1,097,416
Class B Common Stock
Common Stock Par Value	$ 1.00	$ 1.00
Common Stock Authorized	5,000,000	5,000,000
Common Stock Issued
Common Stock Outstanding
Class C Common Stock
Common Stock Par Value	$ 0.20	$ 0.20
Common Stock Authorized	15,000,000	15,000,000
Common Stock Issued	13,301,908	10,974,101

Income Statement - USD ($)	12 Months Ended
Income Statement - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:
Insurance premiums and other considerations	$ 50,471,658	$ 48,216,327	$ 48,457,405
Net investment income	20,354,002	21,915,577	18,570,077
Net mortuary and cemetery sales	12,000,375	10,864,497	10,761,469
Realized gains on investments and other assets	1,418,051	1,424,510	2,464,353
Other than temporary impairments	(336,226)	(1,207,632)	(840,735)
Mortgage fee income	128,800,930	151,887,838	79,045,732
Other income	2,606,230	1,159,052	1,108,969
Total revenues	215,315,020	234,260,169	159,567,270
Benefits and expenses:
Death benefits	26,048,325	22,277,037	22,184,112
Surrenders and other policy benefits	2,486,611	1,969,051	1,761,608
Increase in future policy benefits	19,594,890	21,435,191	22,258,241
Amortization of deferred policy and pre-need acquisition costs and value of business acquired	5,181,837	5,449,429	5,769,348
Selling, general and administrative expenses:
Commissions	65,979,564	83,840,427	47,514,804
Salaries	33,019,624	27,098,570	22,477,563
Provision for loan losses and loss reserve	1,751,472	4,239,418	2,070,399
Costs related to funding mortgage loans	6,635,290	6,931,045	4,240,377
Other expenses	40,021,077	34,200,460	26,210,359
Interest expense	2,853,701	3,744,293	1,961,249
Cost of goods and services sold - mortuaries and cemeteries	1,918,902	1,723,955	1,882,657
Total benefits and expenses	205,491,293	212,908,876	158,330,717
Earnings before income taxes	9,823,727	21,351,293	1,236,553
Income tax benefit (expense)	(2,237,806)	(4,638,775)	62,205
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758
Net earnings per Class A equivalent common share (1)	$ 0.65	$ 1.55	$ 0.12
Net earnings per Class A equivalent common share - assuming dilution(1)	$ 0.61	$ 1.47	$ 0.12
Weighted average Class A equivalent common shares outstanding (1)	11,751,428	10,812,967	10,572,201
Weighted average Class A equivalent common shares outstanding-assuming dilution (1)	12,337,663	11,383,711	10,685,545

Comprehensive Income Statement - USD ($)	12 Months Ended
Comprehensive Income Statement - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Comprehensive Income Statement
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758
Changes in:
Net unrealized gains (losses) on derivative instruments	(1,020,754)	852,168	541,335
Net unrealized gains (losses) on available for sale securities	304,791	427,748	(1,075,138)
Other comprehensive gain (loss)	(715,963)	1,279,916	(533,803)
Comprehensive income	$ 6,869,958	$ 17,992,434	$ 764,955

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

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+ Details

- Definition

Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

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+ Details

Statements of Stockholders' Equity - USD ($)	Class A Common Stock	Class C Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock	Total
Balance at Dec. 31, 2010	$ 18,357,890	$ 1,932,031	$ 19,689,993	$ 1,188,246	$ 21,907,579	$ (3,147,271)	$ 59,928,468
Net earnings					1,298,758		1,298,758
Other comprehensive loss				(533,803)			(533,803)
Grant of stock options			253,934				253,934
Sale of treasury stock			(101,206)			384,436	283,230
Stock dividends	918,336	96,535	(355,157)		(659,714)
Conversion Class C to Class A	1,370	(1,371)	1
Balance at Dec. 31, 2011	19,277,596	2,027,195	19,487,565	654,443	22,546,623	(2,762,835)	61,230,587
Net earnings					16,712,518		16,712,518
Other comprehensive loss				1,279,916			1,279,916
Grant of stock options			251,031				251,031
Exercise stock options	1,371,506	63,782	(1,416,982)				18,306
Sale of treasury stock			(62,650)			382,401	319,751
Stock dividends	1,037,404	104,488	3,003,177		(4,145,069)
Conversion Class C to Class A	646	(645)	(1)
Balance at Dec. 31, 2012	21,687,152	2,194,820	21,262,140	1,934,359	35,114,072	(2,380,434)	79,812,109
Net earnings					7,585,921		7,585,921
Other comprehensive loss				(715,963)			(715,963)
Grant of stock options			88,369				88,369
Exercise stock options	719,572	422,422	(345,845)			(543,334)	252,815
Sale of treasury stock			428,794			299,143	727,937
Stock dividends	1,124,304	126,685	1,782,418		(3,033,406)		1
Conversion Class C to Class A	83,546	(83,545)	(1)
Balance at Dec. 31, 2013	$ 23,614,574	$ 2,660,382	$ 23,215,875	$ 1,218,396	$ 39,666,587	$ (2,624,625)	$ 87,751,189

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

+ References

+ Details

- Definition

The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.

+ References

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+ Details

- Definition

Equity impact of the value of treasury stock (units) reissued during the period, excluding reissuance of shares (units) held in treasury used to satisfy equity-based compensation obligations exercised by the holders of such rights. Upon reissuance of shares (units) from treasury, either the common or preferred stock (unit) reissued is outstanding.

+ References + Details

Statement of Cash Flows - USD ($)	12 Months Ended
Statement of Cash Flows - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758
Adjustments to reconcile net earnings to net cash provided by operating activities:
Realized gains on investments and other assets	(1,418,051)	(1,424,510)	(2,464,353)
Other than temporary impairments	336,226	1,207,632	840,735
Depreciation and amortization	4,160,760	2,877,743	2,814,585
Provision for losses on real estate accounts and loans receivable	(584,873)	(963,169)	1,644,171
Amortization of premiums and discounts	103,032	(762,301)	(539,896)
Provision for deferred and other income taxes	416,269	953,394	524,868
Policy and pre-need acquisition costs deferred	(9,666,040)	(7,885,882)	(6,806,486)
Policy and pre-need acquisition costs amortized	3,841,565	4,234,271	4,624,148
Value of business acquired amortized	1,340,272	1,215,158	1,145,200
Servicing asset at amortized cost, additions	(2,494,254)	(2,797,470)
Amortization of mortgage servicing right	447,623
Stock based compensation expense	88,369	251,031	253,934
Benefit plans funded with treasury stock	727,937	319,751	283,230
Change in assets and liabilities:
Land and improvements held for sale	(36,345)	26,054	(9,680)
Future life and other benefits	19,182,046	20,508,725	22,262,508
Receivables for mortgage loans sold	15,668,188	(18,807,956)	(15,144,933)
Other operating assets and liabilities	(3,046,791)	6,751,217	(3,860,964)
Net cash provided by operating activities	36,651,854	22,416,206	6,865,825
Securities held to maturity:
Purchase - fixed maturity securities	(22,849,622)	(11,365,269)	(50,566,004)
Calls and maturities - fixed maturity securities	8,518,848	9,601,320	21,631,908
Securities available for sale:
Purchase - equity securities	(2,807,367)	(1,685,983)	(4,574,717)
Sales - equity securities	4,528,862	3,028,509	4,161,140
Purchases of short-term investments	(19,827,619)	(51,823,941)	(70,895,829)
Sales of short-term investments	48,617,290	17,830,574	66,582,155
Sales (purchases) of restricted assets	2,777,715	(4,436,547)	473,665
Change in assets for perpetual care trusts	(255,204)	(265,435)	(266,056)
Amount received for perpetual care trusts	113,130	169,924	129,350
Mortgage, policy, and other loans made	(160,737,841)	(117,135,836)	(127,867,064)
Payments received for mortgage, policy, and other loans	133,260,148	131,565,100	103,865,163
Purchases of property and equipment	(3,570,334)	(3,022,393)	(765,633)
Disposal of property and equipment	33,900	30,524	2,296,247
Purchases of real estate held for investment	(26,749,586)	(143,278)	(441,444)
Sale of real estate held for investment	3,352,446	6,886,821	2,605,454
Cash received from reinsurance	2,466,175	34,485,224	12,990,444
Cash paid for purchase of subsidiaries, net of cash acquired		(180,591)
Net cash provided by (used in) investing activities	(33,129,059)	13,538,723	(40,641,221)
Cash flows from financing activities:
Annuity contract receipts	9,385,168	8,939,017	7,967,701
Annuity contract withdrawals	(14,866,251)	(13,915,777)	(13,910,925)
Proceeds from stock options exercised	252,815	18,306
Repayment of bank loans and notes and contracts payable	(2,292,037)	(1,534,612)	(1,957,389)
Proceeds from bank borrowings	13,314,594	241,875	3,615,085
Change in line of credit borrowings	(4,608,204)	(11,791,796)	16,400,000
Net cash provided by (used in) financing activities	1,186,085	(18,042,987)	12,114,472
Net change in cash and cash equivalents	4,708,880	17,911,942	(21,660,924)
Cash and cash equivalents at beginning of year	33,494,284	15,582,342	37,243,266
Cash and cash equivalents at end of year	33,494,284	15,582,342	37,243,266
Non Cash Investing and Financing Activities
Mortgage loans foreclosed into real estate	$ 3,930,297	$ 17,019,870	$ 9,228,249

Note 1: Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Notes

Note 1: Significant Accounting Policies

1) Significant Accounting Policies

General Overview of Business

Security National Financial Corporation and its wholly owned subsidiaries (the “Company”) operate in three main business segments: life insurance, cemetery and mortuary, and mortgage loans. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products and accident and health insurance marketed primarily in the intermountain west, California and eleven southern states. The cemetery and mortuary segment of the Company consists of five cemeteries in Utah, one cemetery in California, seven mortuaries in Utah and one mortuary in Arizona. The mortgage loan segment is an approved government and conventional lender that originates and underwrites residential and commercial loans for new construction, existing homes and real estate projects primarily in California, Florida, Nevada, Texas, and Utah.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. The presentation of certain amounts in prior years has been reclassified to conform to the 2013 presentation.

Principles of Consolidation

These consolidated financial statements include the financial statements of the Company and its majority owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.

Investments

The Company’s management determines the appropriate classifications of investments in fixed maturity securities and equity securities at the acquisition date and re-evaluates the classifications at each balance sheet date.

Fixed maturity securities held to maturity are carried at cost, adjusted for amortization of premium or accretion of discount. Although the Company has the ability and intent to hold these investments to maturity, infrequent and unusual conditions could occur under which it would sell certain of these securities. Those conditions include unforeseen changes in asset quality, significant changes in tax laws, and changes in regulatory capital requirements or permissible investments.

Fixed maturity and equity securities available for sale are carried at estimated fair value. Changes in fair values net of income taxes are reported as unrealized appreciation or depreciation and recorded as an adjustment directly to stockholders’ equity and, accordingly, have no effect on net income.

Mortgage loans on real estate, and construction loans are carried at their unpaid principal balances adjusted for charge-offs, the related allowance for loan losses, and net deferred fees or costs on originated loans. The Company defers related material loan origination fees, net of related direct loan origination costs, and amortizes the net fees over the term of the loans.

Mortgage loans are collateral dependent and require an appraisal at the time of underwriting and funding. Generally the Company will fund a loan not to exceed 80% of the loan’s collateral fair market value. Amounts over 80% will require mortgage insurance by an approved third party insurer. Once a loan is deemed to be impaired the Company will review the market value of the collateral and provide an allowance for any impairment.

Mortgage loans sold to investors are carried at the amount due from third party investors, which is the estimated fair value at the balance sheet date since these amounts are generally collected within a short period of time.

Real estate held for investment is carried at cost, less accumulated depreciation provided on a straight line basis over the estimated useful lives of the properties, or is adjusted to a new basis for impairment in value, if any.

Included are foreclosed properties which the Company intends to hold for investment purposes. These properties are recorded at the lower of cost or market value upon foreclosure.

Policy and other loans are carried at the aggregate unpaid balances, less allowances for possible losses.

Short-term investments are carried at cost and consist of certificates of deposit and commercial paper with maturities of up to one year.

Restricted assets are assets held in a trust account for future mortuary services and merchandise and consist of cash; participations in mortgage loans with Security National Life; mutual funds carried at cost; equity securities carried at fair market value; a surplus note with Security National Life. Restricted cash also represents escrows held for borrowers and investors under servicing and appraisal agreements relating to mortgage loans and funds held by warehouse banks in accordance with loan purchase agreements.

Cemetery and mortuary perpetual care trust business segment contains six wholly owned cemeteries. Of the six cemeteries owned by the Company, four cemeteries are endowment care properties. Under endowment care arrangements a portion of the price for each lot sold is withheld and invested in a portfolio of investments similar to those described in the prior paragraph. The earnings stream from the investments is designed to fund future maintenance and upkeep of the cemetery.

Realized gains and losses on investments arise when investments are sold (as determined on a specific identification basis) or are other-than-temporarily impaired. If in management’s judgment a decline in the value of an investment below cost is other-than-temporary, the cost of the investment is written down to fair value with a corresponding charge to earnings. Factors considered in judging whether an impairment is other-than-temporary include: the financial condition, business prospects and credit worthiness of the issuer, the length of time that fair value has been less than cost, the relative amount of the decline, and the Company’s ability and intent to hold the investment until the fair value recovers, which is not assured.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.

Cemetery Land and Improvements

The development of a cemetery involves not only the initial acquisition of raw land but the installation of roads, water lines, landscaping and other costs to establish a marketable cemetery lot. The costs of developing the cemetery are shown as an asset on the balance sheet. The amount on the balance sheet is reduced by the total cost assigned to the development of a particular lot when the criterion for recognizing a sale of that lot is met.

Property and Equipment

Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method over the estimated useful lives of the assets which range from three to forty years. Leasehold improvements are amortized over the lesser of the useful life or remaining lease terms.

Recognition of Insurance Premiums and Other Considerations

Premiums for traditional life insurance products (which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited payment life insurance policies, and certain annuities with life contingencies) are recognized as revenues when due from policyholders. Revenues for interest-sensitive insurance policies (which include universal life policies, interest-sensitive life policies, deferred annuities, and annuities without life contingencies) are recognized when earned and consist of amounts assessed against policyholder account balances during the period for policy administration charges and surrender charges.

Deferred Policy Acquisition Costs and Value of Business Acquired

Commissions and other costs, net of commission and expense allowances for reinsurance ceded, that vary with and are primarily related to the production of new insurance business have been deferred. Deferred policy acquisition costs (“DAC”) for traditional life insurance are amortized over the premium paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves. For interest-sensitive insurance products, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges, investment, mortality and expense margins. This amortization is adjusted when estimates of current or future gross profits to be realized from a group of products are reevaluated. Deferred acquisition costs are written off when policies lapse or are surrendered.

The Company follows accounting principles generally accepted in the United States of America when accounting for DAC on internal replacements of insurance and investment contracts. An internal replacement is a modification in product benefits, features, rights or coverage that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to contract, or by the election of a feature or coverage within a contract. Modifications that result in a replacement contract that is substantially changed from the replaced contract are accounted for as an extinguishment of the replaced contract. Unamortized DAC, unearned revenue liabilities and deferred sales inducements from the replaced contract are written-off. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract.

Value of business acquired is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs.

Mortgage Servicing Rights

Mortgage Service Rights (MSR) arise from contractual agreements between the Company and third-party investors (or their agents) when mortgage loans are sold. Under these contracts, the Company is obligated to retain and provide loan servicing functions on loans sold, in exchange for fees and other remuneration. The servicing functions typically performed include, among other responsibilities, collecting and remitting loan payments; responding to borrower inquiries; accounting for principal and interest, holding custodial (impound) funds for payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising the acquisition of REO and property dispositions.

The total residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans. The value of MSRs is derived from the net cash flows associated with the servicing contracts. The Company receives a servicing fee of generally about 0.250% annually on the remaining outstanding principal balances of the loans. Based on the result of the cash flow analysis, an asset or liability is recorded for mortgage servicing rights. The servicing fees are collected from the monthly payments made by the mortgagors. The Company generally receives other remuneration including rights to various mortgagor-contracted fees such as late charges, and collateral reconveyance charges and the Company is generally entitled to retain the interest earned on funds held pending remittance of mortgagor principal, interest, tax and insurance payments.

The Company’s subsequent accounting for MSRs is based on the class of MSRs. The Company has identified two classes of MSRs: MSRs backed by mortgage loans with initial term of 30 years and MSRs backed by mortgage loans with initial term of 15 years. The Company distinguishes between these classes of MSRs due to their differing sensitivities to change in value as the result of changes in market. After being initially recorded at fair value, MSRs backed by mortgage loans are accounted for using the amortization method. MSR amortization is determined by amortizing the balance straight-line over an estimated nine year life.

The Company periodically assesses MSRs for impairment. Impairment occurs when the current fair value of the MSR falls below the asset’s carrying value (carrying value is the amortized cost reduced by any related valuation allowance). If MSRs are impaired, the impairment is recognized in current-period earnings and the carrying value of the MSRs is adjusted through a valuation allowance.

Management periodically reviews the various loan strata to determine whether the value of the MSRs in a given stratum is impaired and likely to recover. When management deems recovery of the value to be unlikely in the foreseeable future, a write-down of the cost of the MSRs for that stratum to its estimated recoverable value is charged to the valuation allowance.

Derivatives

The Company is exposed to price risk due to the potential impact of changes in interest rates on the values of mortgage loan commitments from the time a derivative 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 derivative loan commitments that will be exercised (i.e., the number of loan commitments that will be funded) fluctuates. The probability that a loan will not be funded within the terms of the commitment is driven by a number of factors, particularly the change, if any, in mortgage rates following the inception of the interest rate lock. However, many borrowers continue to exercise derivative loan commitments even when interest rates have fallen.

In general, the probability of funding increases if mortgage rates rise and decreases if mortgage rates fall. This is due primarily to the relative attractiveness of current mortgage rates compared to the applicant’s committed rate. The probability that a loan will not be funded within the terms of the mortgage loan commitment also is influenced by the source of the applications (retail, broker or correspondent channels), proximity to rate lock expiration, purpose for the loan (purchase or refinance) product type and the application approval status. The Company has developed fallout estimates using historical data that take into account all of the variables, as well as renegotiations of rate and point commitments that tend to occur when mortgage rates fall. These fallout estimates are used to estimate the number of loans that the Company expects to be funded within the terms of the mortgage loan commitments and are updated periodically to reflect the most current data.

The Company estimates the fair value of a mortgage loan commitment based on the change in estimated fair value of the underlying mortgage loan and 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 mortgage loan commitment is issued. Therefore, at the time of issuance, the estimated fair value is zero. 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 derived from the Company’s recent historical empirical data are used to estimate the quantity of mortgage loans that will fund within the terms of the commitments.

The Company utilizes forward loan sales commitments to economically hedge the price risk associated with its outstanding mortgage loan commitments. A forward loan sales commitment protects the Company from losses on sales of the loans arising from exercise of the loan commitments by securing the ultimate sales price and delivery date of the loans. Management expects these derivatives will experience changes in fair value opposite to changes in fair value of the derivative loan commitments, thereby reducing earnings volatility related to the recognition in earnings of changes in the values of the commitments.

Allowance for Doubtful Accounts and Loan Losses and Impaired Loans

The Company records an allowance and recognizes an expense for potential losses from mortgage loans, other loans and receivables in accordance with generally accepted accounting principles.

Receivables are the result of cemetery and mortuary operations, mortgage loan operations and life insurance operations. The allowance is based upon the Company’s historical experience for collectively evaluated impairment. Other allowances are based upon receivables individually evaluated for impairment. Collectability of the cemetery and mortuary receivables is significantly influenced by current economic conditions. The critical issues that impact recovery of mortgage loan operations are interest rate risk, loan underwriting, new regulations and the overall economy.

The Company provides allowances for losses on its mortgage loans held for investment through an allowance for loan losses. The allowance is comprised of two components. The first component is an allowance for collectively evaluated impairment that is based upon the Company’s historical experience in collecting similar receivables. The second component is based upon individual evaluation of loans that are determined to be impaired. Upon determining impairment the Company establishes an individual impairment allowance based upon an assessment of the fair value of the underlying collateral. See the schedules in Note 2 for additional information. In addition, when a mortgage loan is past due more than 90 days, the Company does not accrue any interest income and proceeds to foreclose on the real estate. All expenses for foreclosure are expensed as incurred. Once foreclosed, an adjustment for the lower of cost or fair value is made, if necessary, and the amount is classified as other real estate owned held for investment or sale. The Company will rent the properties until it is deemed desirable to sell them.

The allowance for losses on mortgage loans held for investment could change based on changes in the value of the underlying collateral, the performance status of the loans, or the Company’s actual collection experience. The actual losses could change, in the near term, from the established allowance, based upon the occurrence or non-occurrence of these events.

Loan Loss Reserve

The mortgage loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on mortgage loans sold to third party investors.

The loan loss reserve analysis involves mortgage loans that have been sold to third party investors where the Company has received a demand from the investor. There are generally three types of demands: make whole, repurchase, or indemnification. These types of demands are more particularly described as follows:

Make whole demand – A make whole demand occurs when an investor forecloses on a property and then sells the property. The make whole amount is calculated as the difference between the original unpaid principal balance, accrued interest and fees, less the sale proceeds.

Repurchase demand – A repurchase demand usually occurs when there is a significant payment default, error in underwriting or detected loan fraud.

Indemnification demand – On certain loans the Company has negotiated a set fee that is to be paid in lieu of repurchase. The fee varies by investor and by loan product type.

Additional information related to the Loan Loss Reserve is included in Note 2.

Future Life, Annuity and Other Policy Benefits

Future policy benefit reserves for traditional life insurance are computed using a net level method, including assumptions as to investment yields, mortality, morbidity, withdrawals, and other assumptions based on the life insurance subsidiaries’ experience, modified as necessary to give effect to anticipated trends and to include provisions for possible unfavorable deviations. Such liabilities are, for some plans, graded to equal statutory values or cash values at or prior to maturity. The range of assumed interest rates for all traditional life insurance policy reserves was 4.5% to 10%. Benefit reserves for traditional limited-payment life insurance policies include the deferred portion of the premiums received during the premium-paying period. Deferred premiums are recognized as income over the life of the policies. Policy benefit claims are charged to expense in the period the claims are incurred. Increases in future policy benefits are charged to expense.

Future policy benefit reserves for interest-sensitive insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims incurred in the period in excess of related policy account balances. Interest crediting rates for interest-sensitive insurance products ranged from 3% to 6.5%.

Participating Insurance

Participating business constituted 2%, 2%, and 2% of insurance in force for 2013, 2012

and 2011, respectively. The provision for policyholders’ dividends included in policyholder obligations is based on dividend scales anticipated by management. Amounts to be paid are determined by the Board of Directors.

Reinsurance

The Company follows the procedure of reinsuring risks in excess of $100,000 to provide for greater diversification of business to allow management to control exposure to potential losses arising from large risks, and provide additional capacity for growth. The Company remains liable for amounts ceded in the event the reinsurers are unable to meet their obligations.

The Company entered into coinsurance agreements with unaffiliated insurance companies under which the Company assumed 100% of the risk for certain life insurance policies and certain other policy-related liabilities of the insurance company.

Reinsurance premiums, commissions, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Expense allowances received in connection with reinsurance ceded are accounted for as a reduction of the related policy acquisition costs and are deferred and amortized accordingly.

Pre-need Sales and Costs

Pre-need contract sales of funeral services and caskets - revenue and costs associated with the sales of pre-need funeral services and caskets are deferred until the services are performed or the caskets are delivered.

Sales of cemetery interment rights (cemetery burial property) - revenue and costs associated with the sale of cemetery interment rights are recognized in accordance with the retail land sales provisions based on accounting principles generally accepted in the United States of America. Under accounting principles generally accepted in the United States of America, recognition of revenue and associated costs from constructed cemetery property must be deferred until a minimum percentage of the sales price has been collected.

Pre-need contract sales of cemetery merchandise (primarily markers and vaults) - revenue and costs associated with the sale of pre-need cemetery merchandise is deferred until the merchandise is delivered. Pre-need contract sales of cemetery services (primarily merchandise delivery, installation fees and burial opening and closing fees) - revenue and costs associated with the sales of pre-need cemetery services are deferred until the services are performed.

Prearranged funeral and pre-need cemetery customer acquisition costs - costs incurred related to obtaining new pre-need contract cemetery and prearranged funeral services are accounted for under the guidance of the provisions based on accounting principles generally accepted in the United States of America. Obtaining costs, which include only costs that vary with and are primarily related to the acquisition of new pre-need cemetery and prearranged funeral services, are deferred until the merchandise is delivered or services are performed.

Revenues and costs for at need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant obligations remaining.

The Company, through its cemetery and mortuary operations, provides guaranteed funeral arrangements wherein a prospective customer can receive future goods and services at guaranteed prices. To accomplish this, the Company, through its life insurance operations, sells to the customer an increasing benefit life insurance policy that is assigned to the mortuaries. If, at the time of need, the policyholder/potential mortuary customer utilizes one of the Company’s facilities, the guaranteed funeral arrangement contract that has been assigned will provide the funeral goods and services at the contracted price. The increasing life insurance policy will cover the difference between the original contract prices and current prices. Risks may arise if the difference cannot be fully met by the life insurance policy. However, management believes that given current inflation rates and related price increases of goods and services, the risk of exposure is minimal.

Mortgage Fee Income

Mortgage fee income consists of origination fees, processing fees and certain other income related to the origination and sale of mortgage loans. For mortgage loans sold to third party investors, mortgage fee income and related expenses are recognized pursuant to generally accepted accounting principles at the time the sales of mortgage loans comply with the sales criteria for the transfer of financial assets, which are: (i) the transferred assets have been isolated from the Company and its creditors, (ii) the transferee has the right to pledge or exchange the mortgage, and (iii) the Company does not maintain effective control over the transferred mortgage. The Company must determine that all three criteria are met at the time a loan is funded. All rights and title to the mortgage loans are assigned to unrelated financial institution investors, including investor commitments for the loans, prior to warehouse banks purchasing the loans under the purchase commitments.

The Company, through

its mortgage subsidiaries, sells all mortgage loans to third party investors without recourse. However, it may be required to repurchase a loan or pay a fee instead of repurchase under certain events, which include the following:

· Failure to deliver original documents specified by the investor,

· The existence of misrepresentation or fraud in the origination of the loan,

· The loan becomes delinquent due to nonpayment during the first several months after it is sold,

· Early pay-off of a loan, as defined by the agreements,

· Excessive time to settle a loan,

· Investor declines purchase, and

· Discontinued product and expired commitment.

Loan purchase commitments generally specify a date 30 to 45 days after delivery upon which the underlying loans should be settled. Depending on market conditions, these commitment settlement dates can be extended at a cost to the Company. Generally, a ten day extension will cost .125% (12.5 basis points) of the loan amount. The Company’s historical data shows that 99% of all loans originated by its mortgage subsidiaries are generally settled by the investors as agreed within 16 days after delivery. There are situations, however, when the Company determines that it is unable to enforce the settlement of loans rejected by the third-party investors and that it is in its best interest to repurchase those loans from the warehouse banks.

It is the Company's policy to cure any documentation problems regarding such loans at a minimal cost for up to a six-month time period and to pursue efforts to enforce loan purchase commitments from third-party investors concerning the loans. The Company believes that six months allows adequate time to remedy any documentation issues, to enforce purchase commitments, and to exhaust other alternatives. Remedial methods include the following:

· Research reasons for rejection,

· Provide additional documents,

· Request investor exceptions,

· Appeal rejection decision to purchase committee, and

· Commit to secondary investors.

Once purchase commitments have expired and other alternatives to remedy are exhausted, which could be earlier than the six month time period, the loans are repurchased and transferred to the long term investment portfolio at the lower of cost or fair value and previously recorded sales revenue is reversed. Any loan that later becomes delinquent is evaluated by the Company at that time and any impairment is adjusted accordingly.

Determining Lower of Cost or Market

Cost is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Market value is often difficult to determine, but is based on the following:

· For loans that have an active market the Company uses the market price on the repurchased date.

· For loans where there is no market but there is a similar product, the Company uses the market value for the similar product on the repurchased date.

· For loans where no active market exists on the repurchased date, the Company determines that the unpaid principal balance best approximates the market value on the repurchased date, after considering the fair value of the underlying real estate collateral and estimated future cash flows.

The appraised value of the real estate underlying the original mortgage loan adds support to the Company’s determination of fair value because if the loan becomes delinquent, the Company has sufficient value to collect the unpaid principal balance or the carrying value of the loan. In determining the market value on the date of repurchase, the Company considers the total value of all of the loans because any sale of loans would be made as a pool.

For mortgages originated and held for investment, mortgage fee income and related expenses are recognized when the loan is originated.

The Company provides an allowance for loan losses on its mortgage loans held for investment. The allowance is comprised of two components. The first component is an allowance for collectively evaluated impairment that is based upon the Company’s historical experience in collecting similar receivables. The second component is based upon individual evaluation of loans that are determined to be impaired.

Commercial Loans

Each quarter, management reviews the current commercial loans and determines if an allowance is required based on the Company’s actual experience of losses on impaired commercial loans. To date, the Company has not incurred any significant losses. As a result, management has determined that no allowance is required on current commercial loans in its portfolio. The carrying value of all commercial loans is supported by appraisals and cash flow analysis of revenue received. Also, the Company has not accrued any interest income or capitalized any of the foreclosure costs on the impaired commercial loans.

Residential and Construction Loans

The Company believes that in an orderly market fair value will approximate the replacement cost of a home and the rental income provides a cash flow stream for investment analysis. The Company believes the highest and best use of the properties are as income producing assets since it is the Company’s intent to hold the properties as rental properties, matching the income from the investment in rental properties with the funds required for future estimated policy claims. Accordingly, the fair value determination will be weighted more heavily toward the rental analysis.

It should be noted that for replacement cost, when determining the fair value of mortgage properties, the Company uses Marshall and Swift, a provider of building cost information to the real estate construction industry. For the investment analysis, the Company used market data based upon its real estate operation experience and projected the present value of the net rental income over seven years. The Company used 60% of the projected cash flow analysis and 40% of the replacement cost to approximate fair value of the collateral.

Each quarter the Company also analyzes its current loan portfolio and determines the level of allowance needed for loans that are listed as current in the portfolio. The basis of the analysis places a higher weight on loans with high loan to value ratios, those that lack mortgage insurance, and certain loan types that have a higher percentage of default based on the Company’s experience.

Each quarter the Company makes further analysis of the foreclosed properties to determine if any additional allowances are necessary by comparing national indexes of loan to value ratios by region to the Company’s loan to value ratios. Based upon the above procedures, the Company’s management believes that residential and construction loans are reflected in the Company’s financial statements at the lower of cost or market in accordance with GAAP requirements.

Captive Insurance

The Company belongs to a captive insurance group for certain casualty insurance, workers compensation and liability programs. Insurance reserves are maintained relative to these programs. The level of exposure from catastrophic events is limited by the purchase of stop-loss and aggregate liability reinsurance coverage. When estimating the insurance liabilities and related reserves, the captive insurance management considers a number of factors, which include historical claims experience, demographic factors, severity factors and valuations provided independent third-party actuaries. If actual claims or adverse development of loss reserves occurs and exceed these estimates, additional reserves may be required. The estimation process contains uncertainty since captive insurance management must use judgment to estimate the ultimate cost that will be incurred to settle reported claims and unreported claims for incidents incurred but not reported as of the balance sheet date.

Goodwill

Previous acquisitions have been accounted for as purchases under which assets acquired and liabilities assumed were recorded at their fair values with the excess purchase price recognized as goodwill. The Company evaluates annually or when changes in circumstances warrant the recoverability of goodwill and if there is a decrease in value, the related impairment is recognized as a charge against income. No impairment of goodwill has been recognized in the accompanying financial statements.

Long-lived Assets

Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may not be recoverable. When required, impairment losses on assets to be held and used are recognized based on the fair value of the asset, and long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. No impairment of long-lived assets has been recognized in the accompanying financial statements.

Income Taxes

Income taxes include taxes currently payable plus deferred taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the temporary differences in the financial reporting basis and tax basis of assets and liabilities and operating loss carry-forwards. Deferred tax assets are measured using enacted tax rates expected to apply to taxable income in the years in which these temporary differences are expected to be recovered or settled.

Liabilities are established for uncertain tax positions expected to be taken in income tax returns when such positions are judged to meet the “more-likely-than-not” threshold based on the technical merits of the positions. Estimated interest and penalties related to uncertain tax penalties are included as a component of other expenses.

Earnings Per Common Share

The Company computes earnings per share in accordance with accounting principles generally accepted in the United States of America which requires presentation of basic and diluted earnings per share. Basic earnings per equivalent Class A common share are computed by dividing net earnings by the weighted-average number of Class A common shares outstanding during each year presented, after the effect of the assumed conversion of Class C common stock to Class A common stock. Diluted earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding during the year used to compute basic earnings per share plus dilutive potential incremental shares. Basic and diluted earnings per share amounts have been adjusted retroactively for the effect of annual stock dividends.

Stock Based Compensation

The cost of employee services received in exchange for an award of equity instruments is recognized in the financial statements and is measured based on the fair value on the grant date of the award. The fair value of stock options is calculated using the Black Scholes method. Stock option compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award.

Concentration of Credit Risk

The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.

Advertising Expense

The Company expenses advertising costs as incurred. The total amount charged to advertising expense for 2013, 2012 and 2011 was $4,850,000, $4,065,000 and $2,237,000, respectively.

Recent Accounting Pronouncements

Disclosures about Offsetting Assets and Liabilities – In December 2011, the Financial Accounting Standards Board ("FASB") issued authoritative guidance related to balance sheet offsetting. The new guidance requires disclosures about assets and liabilities that are offset or have the potential to be offset. These disclosures are intended to address differences in the asset and liability offsetting requirements under U.S. GAAP and International Financial Reporting Standards (“IFRS”). This new guidance was effective for the Company for interim and annual reporting periods beginning January 1, 2013, with retrospective application required. The adoption of this guidance did not have a material impact on the Company’s results of operations or financial position.

Presentation of Comprehensive Income - On February 5, 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02 "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"), which requires an entity to report, either on the face of the statement where net income is presented or in the notes, the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The guidance in ASU 2013-02 is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2012. The adoption of this guidance did not have a material impact on the Company’s results of operations or financial position.

Note 2: Investments

12 Months Ended

Dec. 31, 2013

Notes

Note 2: Investments

2) Investments

The Company’s investments in fixed maturity securities held to maturity and equity securities available for sale as of December 31, 2013 are summarized as follows:

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2013:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$ 2,284,261	$ 298,901	$ -	$ 2,583,162

Obligations of states and political subdivisions	1,790,661	197,340	(9,404)	1,978,597

Corporate securities including public utilities	134,257,468	10,513,448	(1,394,919)	143,375,997

Mortgage-backed securities	4,522,081	206,617	(11,351)	4,717,347

Redeemable preferred stock	612,023	12,994	(5,900)	619,117

Total fixed maturity securities held to maturity	$ 143,466,494	$ 11,229,300	$ (1,421,574)	$ 153,274,220

		Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2013:

Equity securities available for sale at estimated fair value:

Common stock:

Industrial, miscellaneous and all other		$ 4,783,936	$ 240,206	$ (525,386)	$ 4,498,756

Total securities available for sale carried at estimated fair value		$ 4,783,936	$ 240,206	$ (525,386)	$ 4,498,756

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential		$ 49,868,486
Residential construction		12,912,473
Commercial	41,653,009
Less: Allowance for loan losses	(1,652,090)

Total mortgage loans on real estate and construction loans held for investment	$ 102,781,878

Real estate held for investment - net of depreciation	$ 99,760,475

Policy and other loans at amortized cost:
Policy loans	$ 7,520,376
Other loans	12,472,805
Less: Allowance for doubtful accounts	(269,175)

Total policy and other loans at amortized cost	$ 19,724,006

Short-term investments at amortized cost	$ 12,135,719

The Company’s investments in fixed maturity securities held to maturity and equity securities available for sale as of December 31, 2012 are summarized as follows:

				Gross		Gross		Estimated
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
December 31, 2012:
Fixed maturity securities held to maturity
carried at amortized cost:
Bonds:
U.S. Treasury securities
and obligations of U.S
Government agencies	$	2,602,589	$	514,572	$	-	$	3,117,161

Obligations of states and
political subdivisions		2,040,277		285,241		(3,982)		2,321,536

Corporate securities including
public utilities		118,285,147		16,230,468		(607,322)		133,908,293

Mortgage-backed securities		5,010,519		327,871		(76,056)		5,262,334

Redeemable preferred stock		1,510,878		98,087		(1,200)		1,607,765
Total fixed maturity
securities held to maturity	$	129,449,410	$	17,456,239	$	(688,560)	$	146,217,089

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2012:

Equity securities available for sale at estimated fair value:

Non-redeemable preferred stock	$ 20,281	$ -	$ (1,486)	$ 18,795

Common stock:

Industrial, miscellaneous and all other	6,047,474	309,752	(970,909)	5,386,317

Total securities available for sale carried at estimated fair value	$ 6,067,755	$ 309,752	$ (972,395)	$ 5,405,112

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$ 50,584,923
Residential construction	3,161,112
Commercial	34,956,031
Less: Allowance for loan losses	(4,239,861)

Total mortgage loans on real estate and construction loans held for investment	$ 84,462,205

Real estate held for investment - net of depreciation	$ 64,254,030

Policy and other loans at amortized cost:
Policy loans	$ 8,075,101
Other loans	12,618,445
Less: Allowance for doubtful accounts	(505,030)

Total policy and other loans at amortized cost	$ 20,188,516

Short-term investments at amortized cost	$ 40,925,390

Fixed Maturity Securities

The following tables summarize unrealized losses on fixed maturities securities, which are carried at amortized cost, at December 31, 2013 and 2012. The unrealized losses were primarily related to interest rate fluctuations. The tables set forth unrealized losses by duration and number of investment positions, together with the fair value of the related fixed maturity securities:

	Unrealized Losses for Less than Twelve Months	No. of Investment Positions	Unrealized Losses for More than Twelve Months	No. of Investment Positions	Total Unrealized Loss
At December 31, 2013
Redeemable Preferred Stock	$ 5,900	1	$ -	0	$ 5,900
Obligations of States and
Political Subdivisions	7,131	1	2,273	1	9,404
Corporate Securities	1,134,415	72	260,504	10	1,394,919
Mortgage and other
asset-backed securities	3,109	1	8,242	1	11,351
Total unrealized losses	$ 1,150,555	75	$ 271,019	12	$ 1,421,574
Fair Value	$ 22,002,277		$ 2,308,464		$ 24,310,741

At December 31, 2012
Redeemable Preferred Stock	$ 1,200	1	$ -	0	$ 1,200
Obligations of States and
Political Subdivisions	-	0	3,982	2	3,982
Corporate Securities	191,662	16	415,660	9	607,322
Mortgage and other
asset-backed securities	-	0	76,056	3	76,056
Total unrealized losses	$ 192,862	17	$ 495,698	14	$ 688,560
Fair Value	$ 4,609,268		$ 3,972,091		$ 8,581,359

As of December 31,2013 the average market value of the related fixed maturities was 94.5% of amortized cost and the average market value was 92.6% of amortized cost as of December 31, 2012. During 2013, 2012 and 2011, an other than temporary decline in market value resulted in the recognition of credit losses on fixed maturity securities of $120,000, $165,000 and $125,129, respectively.

On a quarterly basis, the Company reviews its available for sale fixed investment securities related to corporate securities and other public utilities, consisting of bonds and preferred stocks that are in a loss position. The review involves an analysis of the securities in relation to historical values, and projected earnings and revenue growth rates. Based on the analysis, a determination is made whether a security will likely recover from the loss position within a reasonable period of time. If it is unlikely that the investment will recover from the loss position, the loss is considered to be other-than-temporary, the security is written down to the impaired value and an impairment loss is recognized.

Equity Securities

The following tables summarize unrealized losses on equity securities that were carried at estimated fair value based on quoted trading prices at December 31, 2013 and 2012. The unrealized losses were primarily the result of decreases in market value due to overall equity market declines. The tables set forth unrealized losses by duration and number of investment positions, together with the fair value of the related equity securities available for sale in a loss position:

	Unrealized Losses for Less than Twelve Months	No. of Investment Positions	Unrealized Losses for More than Twelve Months	No. of Investment Positions	Total Unrealized Losses
At December 31, 2013
Non-redeemable preferred stock	$ -	0	$ -	0	$ -
Industrial, miscellaneous and all other	119,449	28	405,936	28	525,386
Total unrealized losses	$ 119,449	28	$ 405,936	28	$ 525,386
Fair Value	$ 993,612		$ 772,345		$ 1,765,957

At December 31, 2012
Non-redeemable preferred stock	$ 686	1	$ 800	1	$ 1,486
Industrial, miscellaneous and all other	236,293	39	734,616	44	970,909
Total unrealized losses	$ 236,979	40	$ 735,416	45	$ 972,395
Fair Value	$ 1,422,436		$ 1,493,538		$ 2,915,974

As of December 31, 2013, the average market value of the equity securities available for sale was 77.1% of the original investment and the average market value was 75.0% of the original investment as of December 31, 2012. The intent of the Company is to retain equity securities for a period of time sufficient to allow for the recovery in fair value. However, the Company may sell equity securities during a period in which the fair value has declined below the amount of the original investment. In certain situations, new factors, including changes in the business environment, can change the Company’s previous intent to continue holding a security. During 2013, 2012, and 2011, an other than temporary decline in the market value resulted in the recognition of an impairment loss on equity securities of $100,304, $247,317 and $52,775, respectively.

On a quarterly basis, the Company reviews its investment in industrial, miscellaneous and all other equity securities that are in a loss position. The review involves an analysis of the securities in relation to historical values, price earnings ratios, projected earnings and revenue growth rates. Based on the analysis a determination is made whether a security will likely recover from the loss position within a reasonable period of time. If it is unlikely that the investment will recover from the loss position, the loss is considered to be other than temporary, the security is written down to the impaired value and an impairment loss is recognized.

The fair values of fixed maturity securities are based on quoted market prices, when available. For fixed maturity securities not actively traded, fair values are estimated using values obtained from independent pricing services, or in the case of private placements, are estimated by discounting expected future cash flows using a current market value applicable to the coupon rate, credit and maturity of the investments. The fair values for equity securities are based on quoted market prices.

The amortized cost and estimated fair value of fixed maturity securities at December 31, 2013, by contractual maturity, are shown below. 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.

	Amortized	Estimated Fair
	Cost	Value
Held to Maturity:
Due in 2014	$ 4,045,462	$ 4,138,092
Due in 2015 through 2018	28,050,184	31,240,450
Due in 2019 through 2023	38,927,206	42,074,139
Due after 2023	67,309,538	70,485,075
Mortgage-backed securities	4,522,081	4,717,347
Redeemable preferred stock	612,023	619,117
Total held to maturity	$ 143,466,494	$153,274,220

The amortized cost and estimated fair value of available for sale securities at December 31, 2013, by contractual maturity, are shown below. 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. Equities are valued using the specific identification method.

	Amortized	Estimated Fair
	Cost	Value
Available for Sale:
Due in 2014	$ -	$ -
Due in 2015 through 2018	-	-
Due in 2019 through 2023	-	-
Due after 2023	-	-
Non-redeemable preferred stock	-	-
Common stock	4,783,936	4,498,756
Total available for sale	$ 4,783,936	$ 4,498,756

The Company’s realized gains and losses and other than temporary impairments from investments and other assets are summarized as follows:

	2013	2012	2011
Fixed maturity securities held
to maturity:
Gross realized gains	$ 97,238	$ 470,874	$ 939,672
Gross realized losses	(41,164)	(3,875)	(162,716)
Other than temporary impairments	(120,000)	(165,000)	(125,129)

Securities available for sale:
Gross realized gains	540,990	392,033	590,455
Gross realized losses	(2,678)	(5,705)	(118,417)
Other than temporary impairments	(100,304)	(247,317)	(52,775)

Other assets:
Gross realized gains	824,203	794,346	1,295,217
Gross realized losses	(538)	(223,163)	(79,858)
Other than temporary impairments	(115,922)	(795,315)	(662,831)
Total	$ 1,081,825	$ 216,878	$ 1,623,618

The net carrying amount for sales of securities classified as held to maturity was $1,455,835, $2,174,300 and $12,341,156, for the years ended December 31, 2013, 2012 and 2011, respectively. The net realized gain related to these sales was $12,533, $271,364 and $530,637, for the years ended December 31, 2013, 2012 and 2011, respectively. Certain circumstances lead to these decisions to sell.

There were no investments, aggregated by issuer, in excess of 10% of shareholders’ equity (before net unrealized gains and losses on available-for-sale securities) at December 31, 2013, other than investments issued or guaranteed by the United States Government.

Major categories of net investment income are as follows:

	2013	2012	2011
Fixed maturity securities	$ 8,265,949	$ 7,731,051	$ 7,762,894
Equity securities	210,491	264,063	272,011
Mortgage loans on real estate	4,666,910	5,543,777	5,422,399
Real estate	6,658,185	4,927,128	3,741,263
Policy, student and other loans	799,703	830,683	835,312
Short-term investments, principally gains on sale of mortgage loans	8,952,584	8,716,257	6,255,581
Gross investment income	29,553,822	28,012,959	24,289,460
Investment expenses	(9,199,820)	(6,097,382)	(5,719,383)
Net investment income	$ 20,354,002	$ 21,915,577	$ 18,570,077

Net investment income includes net investment income earned by the restricted assets of the cemeteries and mortuaries of $341,430, $352,488 and $328,247 for 2013, 2012 and 2011, respectively.

Net investment income on real estate consists primarily of rental revenue received under short-term leases.

Investment expenses consist primarily of depreciation, property taxes, operating expenses of real estate and an estimated portion of administrative expenses relating to investment activities.

Securities on deposit for regulatory authorities as required by law amounted to $9,215,222 at December 31, 2013 and $9,190,012 at December 31, 2012. The restricted securities are included in various assets under investments on the accompanying consolidated balance sheets.]

Mortgage Loans

Mortgage loans consist of first and second mortgages. The mortgage loans bear interest at rates ranging from 2.0 % to 10.5%, maturity dates range from three months to 30 years and are secured by real estate. Concentrations of credit risk arise when a number of mortgage loan debtors have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Although the Company has a diversified mortgage loan portfolio consisting of residential mortgages, commercial loans and residential construction loans and requires collateral on all real estate exposures, a substantial portion of its debtors’ ability to honor obligations is reliant on the economic stability of the geographic region in which the debtors do business. At December 31, 2013, the Company has 36%, 22%, 9% and 9% of its mortgage loans from borrowers located in the states of Utah, California, Florida and Texas, respectively. The mortgage loans on real estate balances on the consolidated balance sheet are reflected net of an allowance for loan losses of $1,652,090 and $4,239,861 at December 31, 2013 and 2012, respectively.

The Company establishes a valuation allowance for credit losses in its portfolio.

The following is a summary of the allowance for loan losses as a contra-asset account for the periods presented:

Allowance for Credit Losses and Recorded Investment in Mortgage Loans
For the Years Ended December 31, 2013, and 2012

	Commercial	Residential	Residential Construction	Total
2013
Allowance for credit losses:
Beginning balance	$ -	$ 4,193,674	$ 46,187	$ 4,239,861
Charge-offs	-	(2,670,794)	(137,629)	(2,808,423)
Provision	187,129	(158,033)	191,556	220,652
Ending balance	$ 187,129	$ 1,364,847	$ 100,114	$ 1,652,090

Ending balance: individually evaluated for impairment	$ -	$ 152,745	$ -	$ 152,745

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,212,102	$ 100,114	$ 1,499,345

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

Mortgage loans:
Ending balance	$ 41,653,009	$ 49,868,486	$ 12,912,473	$ 104,433,968

Ending balance: individually evaluated for impairment	$ -	$ 1,518,327	$ -	$ 1,518,327

Ending balance: collectively evaluated for impairment	$ 41,653,009	$ 48,350,159	$ 12,912,473	$ 102,915,641

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

2012
Allowance for credit losses:
Beginning balance	$ -	$ 4,338,805	$ 542,368	$ 4,881,173
Charge-offs	-	(560,699)	(514,442)	(1,075,141)
Provision	-	415,568	18,261	433,829
Ending balance	$ -	$ 4,193,674	$ 46,187	$ 4,239,861

Ending balance: individually evaluated for impairment	$ -	$ 692,199	$ -	$ 692,199

Ending balance: collectively evaluated for impairment	$ -	$ 3,501,475	$ 46,187	$ 3,547,662

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

Mortgage loans:
Ending balance	$ 34,956,031	$ 50,584,923	$ 3,161,112	$ 88,702,066

Ending balance: individually evaluated for impairment	$ -	$ 4,692,517	$ 1,346,126	$ 6,038,643

Ending balance: collectively evaluated for impairment	$ 34,956,031	$ 45,892,406	$ 1,814,986	$ 82,663,423

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

The following is a summary of the aging of mortgage loans for the periods presented.

Age Analysis of Past Due Mortgage Loans
Years Ended December 31, 2013 and 2012

	30-59 Days Past Due	60-89 Days Past Due	Greater Than 90 Days 1)	In Foreclosure 1)	Total Past Due	Current	Total Mortgage Loans	Allowance for Loan Losses	Net Mortgage Loans
2013
Commercial	$ -	$ -	$ -	$ 4,973,745	$ 4,973,745	$ 36,679,264	$ 41,653,009	$ (187,129)	$ 41,465,880
Residential	1,646,953	1,604,847	5,867,501	1,518,327	10,637,628	39,230,858	49,868,486	(1,364,847)	48,503,639
Residential Construction	-	-	64,895	-	64,895	12,847,578	12,912,473	(100,114)	12,812,359

Total	$ 1,646,953	$ 1,604,847	$ 5,932,396	$ 6,492,072	$ 15,676,268	$ 88,757,700	$ 104,433,968	$ (1,652,090)	$ 102,781,878

2012
Commercial	$ 581,984	$ -	$ 143,252	$ -	$ 725,236	$ 34,230,795	$ 34,956,031	$ -	$ 34,956,031
Residential	2,963,259	1,345,247	5,208,742	4,692,517	14,209,765	36,375,158	50,584,923	(4,193,674)	46,391,249
Residential Construction	-	-	288,468	1,346,126	1,634,594	1,526,518	3,161,112	(46,187)	3,114,925

Total	$ 3,545,243	$ 1,345,247	$ 5,640,462	$ 6,038,643	$ 16,569,595	$ 72,132,471	$ 88,702,066	$ (4,239,861)	$ 84,462,205

1) There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

Impaired Mortgage Loans

Impaired mortgage loans include loans with a related specific valuation allowance or loans whose carrying amount has been reduced to the expected collectible amount because the impairment has been considered other than temporary. The recorded investment in and unpaid principal balance of impaired loans along with the related loan specific allowance for losses, if any, for each reporting period and the average recorded investment and interest income recognized during the time the loans were impaired were as follows:

Impaired Loans
For the Years Ended December 31, 2013, and 2012

	Recorded Investment	Unpaid Principal Balance	Related Allowance	Average Recorded Investment	Interest Income Recognized
2013
With no related allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	-	-	-	-	-
Residential construction	-	-	-	-	-

With an allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	1,518,327	1,518,327	152,745	1,518,327	-
Residential construction	-	-	-	-	-

Total:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	1,518,327	1,518,327	152,745	1,518,327	-
Residential construction	-	-	-	-	-

2012
With no related allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	-	-	-	-	-
Residential construction	1,346,126	1,346,126	-	1,346,126	-

With an allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	4,692,517	4,692,517	692,199	4,692,517	-
Residential construction	-	-	-	-	-

Total:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	4,692,517	4,692,517	692,199	4,692,517	-
Residential construction	1,346,126	1,346,126	-	1,346,126	-

Credit Risk Profile Based on Performance Status

The Company’s mortgage loan portfolio is monitored based on performance of the loans. Monitoring a mortgage loan increases when the loan is delinquent or earlier if there is an indication of impairment. The Company defines non-performing mortgage loans as loans 90 days or greater delinquent or on non-accrual status.

The Company’s performing and non-performing mortgage loans were as follows:

Mortgage Loan Credit Exposure
Credit Risk Profile Based on Payment Activity
As of December 31, 2013, and 2012

	Commercial		Residential		Residential Construction		Total
	2013	2012	2013	2012	2013	2012	2013	2012

Performing	$ 36,679,264	$ 34,812,779	$ 42,482,658	$ 40,683,664	$ 12,847,578	$ 1,526,518	$ 92,009,500	$ 77,022,961
Non-performing	4,973,745	143,252	7,385,828	9,901,259	64,895	1,634,594	12,424,468	11,679,105

Total	$ 41,653,009	$ 34,956,031	$ 49,868,486	$ 50,584,923	$ 12,912,473	$ 3,161,112	$ 104,433,968	$ 88,702,066

Non-Accrual Mortgage Loans

Once a loan is past due 90 days, it is the policy of the Company to end the accrual of interest income on the loan and write off any income that had been accrued. Interest not accrued on these loans totals $678,000 and $1,925,000 as of December 31, 2013 and 2012, respectively.

The following is a summary of mortgage loans on a non-accrual status for the periods presented.

	Mortgage Loans on Non-accrual Status
	As of December 31, 2013, and 2012

	2013	2012
Commercial	$ 4,973,745	$ 143,252
Residential	7,385,828	9,901,259
Residential construction	64,895	1,634,594
Total	$ 12,424,468	$ 11,679,105

Principal Amounts Due

The amortized cost and contractual payments on mortgage loans on real estate and construction loans held for investment by category as of December 31, 2013 are shown below. Expected principal payments may differ from contractual obligations because certain borrowers may elect to pay off mortgage obligations with or without early payment penalties.

		Principal	Principal	Principal
		Amounts	Amounts	Amounts
		Due in	Due in	Due
	Total	2014	2015-2018	Thereafter
Residential	$ 49,868,486	$ 1,137,636	$ 13,466,462	$ 35,264,388
Residential Construction	12,912,473	12,445,469	467,004	-
Commercial	41,653,009	18,046,708	14,103,421	9,502,880
Total	$ 104,433,968	$ 31,629,813	$ 28,036,887	$ 44,767,268

Loan Loss Reserve

When a repurchase demand is received from a third party investor, the relevant data is reviewed and captured so that an estimated future loss can be calculated. The key factors that are used in the estimated loss calculation are as follows: (i) lien position, (ii) payment status, (iii) claim type, (iv) unpaid principal balance, (v) interest rate, and (vi) validity of the demand. Other data is captured and is useful for management purposes; the actual estimated loss is generally based on these key factors. The Company conducts its own review upon the receipt of a repurchase demand. In many instances, the Company is able to resolve the issues relating to the repurchase demand by the third party investor without having to make any payments to the investor.

The following is a summary of the loan loss reserve which is included in other liabilities and accrued expenses:

	Years Ended December 31
	2013	2012
Balance, beginning of period	$ 6,035,295	$ 2,337,875
Provisions for losses	1,846,285	4,053,051
Charge-offs	(2,375,048)	(355,631)
Balance, at December 31	$ 5,506,532	$ 6,035,295

The Company believes the loan loss reserve represents probable loan losses incurred as of the balance sheet date. The loan loss reserve may not be adequate, however, for claims asserted by third party investors. Actual loan loss experience could change, in the near-term, from the established reserve based upon claims asserted by third party investors. If SecurityNational Mortgage is unable to negotiate acceptable terms with the third party investors, legal action may ensue in an effort to obtain amounts that the third party investors claim are allegedly due. In the event of legal action, if SecurityNational Mortgage is not successful in its defenses against claims asserted by these third party investors to the extent that a substantial judgment is entered against SecurityNational Mortgage which is beyond its capacity to pay, SecurityNational Mortgage may be required to curtail or cease operations.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Debt Security
-URI http://asc.fasb.org/extlink&oid=6509901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Equity Security
-URI http://asc.fasb.org/extlink&oid=6511694

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 3, 19, 20, 21, 22, 137
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 3: Receivables

12 Months Ended

Dec. 31, 2013

Notes

Note 3: Receivables

3) Receivables

Receivables consist of the following:

	Years Ended December 31
	2013	2012
Trade contracts	$ 9,993,755	$ 14,968,859
Receivables from sales agents	994,056	649,739
Held in Escrow – Southern Security	312,167	342,377
Other	1,601,227	1,788,894
Total receivables	12,901,205	17,749,869
Allowance for doubtful accounts	(1,248,633)	(1,190,592)
Net receivables	$ 11,652,572	$ 16,559,277

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

Note 4: Value of Business Acquired

12 Months Ended

Dec. 31, 2013

Notes

Note 4: Value of Business Acquired

4) Value of Business Acquired

Information with regard to value of business acquired is as follows:

		December 31
	2013	2012	2011
Balance at beginning of year	$ 9,829,082	$ 10,996,050	$ 8,996,134
Value of business acquired	192,035	48,190	3,145,116
Imputed interest at 7%	647,848	728,880	701,349
Amortization	(1,988,120)	(1,944,038)	(1,846,549)
Net amortization charged to income	(1,340,272)	(1,215,158)	(1,145,200)
Balance at end of year	$ 8,680,845	$ 9,829,082	$ 10,996,050

Presuming no additional acquisitions, net amortization charged to income is expected to approximate $1,146,000, $887,000, $822,000, $756,000, and $684,000 for the years 2014 through 2018. Actual amortization may vary based on changes in assumptions or experience. As of December 31, 2013, value of business acquired is being amortized over a weighted average life of 7.3 years.

Note 5: Property and Equipment

12 Months Ended

Dec. 31, 2013

Notes

Note 5: Property and Equipment

5) Property and Equipment

The cost of property and equipment is summarized below:

	December 31
	2013	2012
Land and buildings	$ 12,482,082	$ 14,782,646
Furniture and equipment	14,301,713	13,226,209
	26,783,795	28,008,855
Less accumulated depreciation	(15,260,635)	(16,974,898)
Total	$ 11,523,160	$ 11,033,957

Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $1,621,069, $1,258,097 and $1,499,038 respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Note 6: Bank and Other Loans Payable

12 Months Ended

Dec. 31, 2013

Notes

Note 6: Bank and Other Loans Payable

6) Bank and Other Loans Payable

Bank loans payable are summarized as follows:

	December 31
	2013	2012
6.34% note payable in monthly installments of $13,556 including principal and interest, collateralized by real property with a book value of approximately $498,000, due November 2017.	$ 612,068	$ 748,612

5.75% note payable in monthly installments of $28,271 including principal and interest, collateralized by real property with a book value of approximately $6,033,000 due December 2014.	3,509,944	3,643,192

Bank prime rate less .75% (2.50% at December 31, 2013) note payable in quarterly installments of $75,000 plus interest collateralized by shares of Security National Life Insurance Company stock, paid in full in 2013.	-	225,000

Mark to market of interest rate swaps (discussed below) adjustment	58,310	93,572

3.85% note payable in monthly installments of $79,468 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due June 2015.	1,377,925	2,258,968

3.85% note payable in monthly installments of $86,059 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2017.	3,891,926	-

4.40% note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,450,000 due January 2026.	8,500,000	-

Revolving line-of-credit, interest payable at the prime rate minus .75% (2.5% as of December 31, 2013) secured by shares of Security National Life Insurance Company stock, matures June 2014.	-	4,608,204

Other collateralized bank loans payable	338,304	331,834
Other notes payable	961	961
Total bank and other loans	18,289,438	11,910,343

Less current installments	5,849,926	6,266,765
Bank and other loans, excluding current installments	$ 12,439,512	$ 5,643,578

During 2001, the Company entered into an interest rate swap instrument that effectively fixed the interest rate on the note payable at 6.34% per annum. Management considers the interest rate swap instrument an effective cash flow hedge against the variable interest rate on the bank note since the interest rate swap mirrors the term of the note payable and expires on the maturity date of the bank loan it hedges. The interest rate swap is a derivative financial instrument carried at its fair value.

In the event the swap is terminated, any resulting gain or loss would be deferred and amortized to interest expense over the remaining life of the bank loan it hedged. In the event of early extinguishment of the hedged bank loan, any realized or unrealized gain or loss from the hedging swap would be recognized in income coincident with the extinguishment.

At December 31, 2013, the fair value of the interest rate swap was an unrealized loss of $58,310 and was computed based on the underlying variable Libor rate plus 1.65%, or 2.65% per annum. The unrealized loss resulted in a derivative liability of $58,310 and has been reflected in accumulated other comprehensive income. The change in accumulated other comprehensive income from the interest rate swap in 2013 was $35,262. The fair value of the interest rate swap was derived from a proprietary model of the bank from whom the interest rate swap was purchased and to whom the note is payable.

At December 31, 2012, the fair value of the interest rate swap was an unrealized loss of $93,572 and was computed based on the underlying variable Libor rate plus 1.65%, or 2.65% per annum. The unrealized loss resulted in a derivative liability of $93,572 and has been reflected in accumulated other comprehensive income. The change in accumulated other comprehensive income from the interest rate swap in 2012 was $24,240. The fair value of the interest rate swap was derived from a proprietary model of the bank from whom the interest rate swap was purchased and to whom the note is payable.

The Company has a $2,000,000 revolving line-of-credit with a bank with interest payable at the prime rate minus .75% ( 2.50% at December 31, 2013), secured by the capital stock of Security National Life and maturing June 30, 2014, renewable annually. As of December 31, 2013, $697,001, was reserved for two outstanding letters of credit. As of December 31, 2013, there were no amounts outstanding under the revolving line-of-credit.

The Company has a $15,000,000 revolving line-of-credit with a bank with interest payable at the variable overnight Libor rate plus 2% ( 2.1875% at December 31, 2013), secured by bond investments of the Company and maturing June 30, 2014. As of December 31, 2013, $91,000 was reserved for an outstanding letter of credit. As of December 31, 2013, there were no amounts outstanding under the revolving line-of-credit.

The Company has a $2,150,000 revolving line-of-credit with a bank with interest payable at the prime rate plus 1.25% ( 4.5% at December 31, 2013), secured by the capital stock of Security National Life and maturing June 30, 2014. As of December 31, 2013, $1,250,000 was reserved for an outstanding letter of credit. As of December 31, 2013, there were no amounts outstanding under the revolving line-of-credit.

The Company has entered into a Construction and Term Loan Agreement (“Agreement”) between Zions First National Bank, a national banking association, and Dry Creek Property Development, Inc., the Company’s wholly owned subsidiary. Under the terms of this Agreement the Company promises to pay Zions First National Bank the principal sum of $27,500,000 plus interest. These funds will be used for the construction of a 282-unit multifamily development in Sandy City Utah. As of December 31, 2013, the amount outstanding under this agreement was $0.

The following tabulation shows the combined maturities of bank loans payable, lines of credit and notes and contracts payable:

2014	$ 5,849,926
2015	1,748,708
2016	1,399,264
2017	1,504,037
2018	247,065
Thereafter	7,540,438
Total	$ 18,289,438

Interest paid approximated interest expense in 2013, 2012 and 2011, which was $2,853,701, $3,744,293 and $1,961,249 respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds

12 Months Ended

Dec. 31, 2013

Notes

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds

7) Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds

The Company is required by state law to pay into perpetual care trusts a portion of the proceeds from the sale of cemetery property interment rights. The related cemetery perpetual care trusts are defined as variable interest entities pursuant to generally accepted accounting principles. Also, management has determined that the Company is the primary beneficiary of these trusts, as it absorbs both a majority of the losses and returns associated with the trusts. The Company has consolidated cemetery perpetual 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 obligation are as follows:

	December 31
	2013	2012
Trust investments, at market value	$ 2,414,883	$ 2,090,111
Note receivables from Cottonwood Mortuary
Singing Hills Cemetery and Memorial Estates - Pinehill
eliminated in consolidation	1,881,565	1,927,926
Total trust assets	4,296,448	4,018,037
Cemetery perpetual care obligation	(3,266,131)	(3,153,001)
Fair value of trust assets in excess of trust obligations	$ 1,030,317	$ 865,036

The Company has established and maintains certain restricted trust investments to provide for future merchandise and service obligations incurred in connection with its pre-need sales. Also included in cash and cash equivalents are escrows held for borrowers under servicing agreements relating to mortgage loans and funds held by warehouse banks in accordance with loan purchase agreements.

Assets in the restricted asset account are summarized as follows:

	December 31
	2013	2012
Cash and cash equivalents	$ 4,746,417	$ 7,617,143
Mutual funds	582,163	504,170
Fixed maturity securities	8,775	8,775
Equity securities	84,986	81,242
Participating in mortgage loans with Security National Life	1,248,639	1,155,628
Total	$ 6,670,980	$ 9,366,958

A surplus note receivable and interest, at December 31, 2013 and December 31, 2012 in the amount of $4,000,000 from Security National Life was eliminated in consolidation.

Note 8: Income Taxes

12 Months Ended

Dec. 31, 2013

Notes

Note 8: Income Taxes

8) Income Taxes

The Company’s income tax liability (benefit) at December 31 is summarized as follows:

	December 31
	2013	2012
Current	$ (1,578,071)	$ 613,328
Deferred	17,529,919	17,309,970
Total	$ 15,951,848	$ 17,923,298

Significant components of the Company’s deferred tax (assets) and liabilities at December 31 are approximately as follows:

	December 31
	2013	2012
Assets
Future policy benefits	$ (5,381,385)	$ (4,160,489)
Loan loss reserve	(2,147,547)	(2,353,765)
Unearned premium	(1,759,087)	(1,830,492)
Available for sale securities	(566,316)	(599,528)
Net operating loss	(873,412)	(1,099,500)
Deferred compensation	(1,057,551)	(1,238,270)
Deposit obligations	(1,043,964)	(1,060,205)
Other	(1,287,773)	(1,090,409)
Less: Valuation allowance	5,593,063	6,328,931
Total deferred tax assets	(8,523,972)	(7,103,727)

Liabilities
Deferred policy acquisition costs	10,914,618	9,945,683
Basis difference in property and equipment	6,242,266	5,739,272
Value of business acquired	2,951,487	3,341,888
Deferred gains	3,545,692	2,790,709
Trusts	1,599,657	1,599,657
Tax on unrealized appreciation	800,171	996,488
Total deferred tax liabilities	26,053,891	24,413,697
Net deferred tax liability	$ 17,529,919	$ 17,309,970

The valuation allowance relates to differences between recorded deferred tax assets and liabilities and ultimate anticipated realization. The valuation allowance decreased $735,868 during 2013 and increased $2,688,604 during 2012.

The Company paid $4,009,598, $1,900,000, and $174,811 in income taxes for 2013, 2012 and 2011, respectively.

The Company’s income tax expense (benefit) is summarized as follows for the years ended December 31:


	2013	2012	2011
Current	$ 1,821,539	$ 2,707,962	$ 130,526
Deferred	416,267	1,930,813	(192,731)
Total	$ 2,237,806	$ 4,638,775	$ (62,205)

The reconciliation of income tax expense at the U.S. federal statutory rates is as follows:

	2013	2012	2011
Computed expense at statutory rate	$ 3,340,067	$ 7,472,953	$ 410,225
Special deductions allowed
small life insurance companies	-	-	(503,672)
Tax audit settlements	20,371	-	-
Other, net	(1,122,632)	(2,834,178)	31,242
Tax expense (benefit)	$ 2,237,806	$ 4,638,775	$ (62,205)

At December 31, 2013, the Company had no significant unrecognized tax benefits. As of December 31, 2013, the Company does not expect any material changes to the estimated amount of unrecognized tax benefits in the next twelve months. Federal and state income tax returns for 2009 through 2013 are subject to examination by taxing authorities. An examination of the Company’s 2009 through 2011 federal income tax returns was concluded September 10, 2013 without material adjustment. As part of the examination, the statute of limitations for 2009 was extended to September 15, 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Note 9: Reinsurance, Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Notes

Note 9: Reinsurance, Commitments and Contingencies

9) Reinsurance, Commitments and Contingencies

Reinsurance

The Company follows the procedure of reinsuring risks in excess of a specified limit, which ranged from $25,000 to $100,000 during the years 2013 and 2012. The Company is liable for these amounts in the event such reinsurers are unable to pay their portion of the claims. The Company has also assumed insurance from other companies having insurance in force amounting to approximately $1,566,336,000 (unaudited) at December 31, 2013 and approximately $1,665,573,000 (unaudited) at December 31, 2012.

Reinsurance with Mothe Life Insurance Company and DLE Life Insurance Company

On December 19, 2012, the Company, through its wholly owned subsidiary, Security National Life, entered into a Coinsurance Agreement with Mothe Life Insurance Company, a Louisiana domiciled insurance company, and a subsidiary, DLE Life Insurance Company, also a Louisiana domiciled life insurance company (collectively referred to as “Mothe Life”). The effective date of the Coinsurance Agreement was November 1, 2012. Under the terms of the Coinsurance Agreement, Security National Life agreed to reinsure certain insurance policies of Mothe Life in exchange for the settlement amount of $34,485,000. In addition, the Coinsurance Agreement provides that effective November 1, 2012, Mothe Life ceded and transferred to Security National Life, and Security National Life accepted and coinsured all of Mothe Life’s contractual liabilities under the coinsured policies by means of indemnity reinsurance. On December 18, 2012, the Louisiana Department of Insurance approved the Coinsurance Agreement.

The Coinsurance Agreement further provides that on and after the effective date of November 1, 2012, Security National Life is entitled to exercise all contractual rights of Mothe Life under the coinsured policies in accordance with the terms and provisions of such policies. Moreover, after the closing date of December 19, 2012, the Company agreed to be responsible for all the contractual liabilities under the coinsured policies, including the administration of the coinsured policies at its sole expense in accordance with the terms and conditions of a Service Agreement between Security National Life and Mothe Life. Pursuant to the terms of the Coinsurance Agreement, Security National Life paid a ceding commission to Mothe Life in the amount of $4,684,000. As a result of the ceding commission, Mothe Life transferred $34,485,000 in assets and $39,169,000 in statutory reserves, or liabilities, to Security National Life.

Reinsurance Terminated with North America Life Insurance Company

On December 1, 2013, in accordance with the terms of the Coinsurance Agreement, Security National Life, through TransWestern Life Insurance Company (“Trans-Western Life”), recaptured additional policies of Trans-Western Life from North American Life Insurance Company (“North American Life”). On December 10, 2013, pursuant to the Coinsurance Agreement, North America Life paid $2,500,000, less a ceding commission of $34,000 to Security National Life. On February 13, 2014, in accordance with the terms of the Coinsurance Agreement, Security National Life, through Trans Western Life, recaptured the remaining policies of Trans-Western Life from North American Life. Pursuant to the Coinsurance Agreement, North America Life paid $4,684,000 less a ceding commission of $57,000 to Security National Life, and the Reinsurance Agreement between Trans Western Life and North America Life was terminated.

Mortgage Loan Loss Settlements

The mortgage industry has seen potential loan losses increase. Future loan losses are extremely difficult to estimate, especially in the current market. However, management believes that the Company’s reserve methodology and its current practice of property preservation allow it to estimate its losses on loans sold. The amounts accrued for loan losses in years ended December 31, 2013 and 2012 were $1,846,000 and $4,053,000, respectively. The estimated liability for indemnification losses is included in other liabilities and accrued expenses and, as of December 31, 2013 and 2012, the balances were $5,507,000 and $6,035,000, respectively.

Settlement with Wells Fargo

On April 7, 2011, SecurityNational Mortgage entered into a settlement agreement with Wells Fargo Funding, Inc. (“Wells Fargo Funding”). The settlement agreement provides that it is intended to be a pragmatic commercial accommodation between SecurityNational Mortgage and Wells Fargo Funding and is not to be construed as an admission of responsibility, liability or fault for either party’s claims. Under the terms of the settlement agreement, SecurityNational Mortgage paid an initial settlement amount to Wells Fargo Funding in the amount of $4,300,000.

SecurityNational Mortgage is also required under the settlement agreement to set aside 10 basis points (.0010) during the period from April 8, 2011 to March 31, 2017 from the purchase proceeds of any loans that it sells to any mortgage loan purchaser, including Wells Fargo Funding, and pay such amounts to Wells Fargo Funding. SecurityNational Mortgage is additionally required under the settlement agreement to set aside 50% from the net proceeds that it receives from any sale, liquidation or other transfer of certain real estate properties that it owns, after subtracting taxes, commissions, recording fees and other transaction costs. These real estate properties consist of 27 real estate properties with a total book value as of December 31, 2013 of $4,735,000.

In consideration for SecurityNational Mortgage making the initial settlement payment to Wells Fargo Funding, Wells Fargo Funding and related parties, including Wells Fargo Bank, released SecurityNational Mortgage and related parties, including the Company and Security National Life, from any claims, demands, damages, obligations, liabilities, or causes of action relating to residential mortgage loans that Wells Fargo Funding purchased from SecurityNational Mortgage prior to December 31, 2009. Similarly, SecurityNational Mortgage released Wells Fargo Funding and its related parties from any claims, demands, damages, obligations, liabilities, or causes of actions relating to residential mortgage loans that Wells Fargo Funding purchased from SecurityNational Mortgage prior to December 31, 2009.

Mortgage Loan Loss Demands

Third Party Investors

There have been assertions in third party investor correspondence that SecurityNational Mortgage sold mortgage loans that allegedly contained borrower misrepresentations or experienced early payment defaults, or that were otherwise allegedly defective or not in compliance with agreements between SecurityNational Mortgage and the third party investors consisting principally of financial institutions. As a result of these claims, third party investors have made demands that SecurityNational Mortgage repurchase certain alleged defective mortgage loans that were sold to such investors or indemnify them against any losses related to such loans.

The total amount of potential claims by third party investors is difficult to determine. The Company has reserved and accrued $5,502,000 and $6,035,000 as of December 31, 2013 and 2012, respectively, to settle all such investor related claims. The Company believes that the reserve for mortgage loan loss, which includes provisions for probable losses and indemnification on mortgage loans sold to investors, is reasonable based on available information. Moreover, the Company has successfully negotiated acceptable settlement terms with other third party investors that asserted claims for mortgage loan losses against the Company.

The Company disagrees with the repurchase demands and notices of potential claims from third party investors and believes it has significant defenses to these demands. If SecurityNational Mortgage is unable to resolve the alleged claims by the third party investors on acceptable terms, legal action may ensue. In the event of legal action, if SecurityNational Mortgage is not successful in its defenses against claims asserted by these third party investors to the extent that a substantial judgment is entered against SecurityNational Mortgage which is beyond its capacity to pay, SecurityNational Mortgage may be required to curtail or cease operations.

JP Morgan Chase Indemnification Demand

The Company and its wholly owned subsidiary, SecurityNational Mortgage, received a notice of claim for indemnification dated December 21, 2011, from JP Morgan Chase & Co. (“JP Morgan Chase”) on behalf of EMC Mortgage, LLC (“EMC Mortgage”), relating to 21 mortgage loans that EMC Mortgage allegedly purchased as a third party investor from SecurityNational Mortgage. The notice also referenced a guaranty agreement, dated February 23, 2006, by the Company for the benefit of EMC Mortgage. The indemnification notice additionally stated that EMC Mortgage had been named in a lawsuit by the Bear Stearns Mortgage Funding Trust 2007-AR2 (the “Trust”), which was filed on September 13, 2011 in the Delaware Court of Chancery.

The lawsuit the Trust brought against EMC Mortgage contends that more than 800 residential mortgage loans that EMC Mortgage sold to the Trust (including the 21 loans allegedly originated by SecurityNational Mortgage) contained breaches of representations and warranties with respect to the mortgage loans, as well as defaults and foreclosures in many of such loans. As a result of the alleged breaches of representations and warranties by EMC Mortgage, the complaint requests that EMC Mortgage be ordered to repurchase from the Trust any loans for which it breached its representations and warranties, in the amount of the mortgage loans’ outstanding principal balance and all accrued but unpaid interest.

The indemnification notice from JP Morgan Chase further alleged that the Company and SecurityNational Mortgage are required to indemnify EMC Mortgage for any of its losses arising from the lawsuit that the Trust brought against EMC based upon allegedly untrue statements of material fact related to information that was provided by SecurityNational Mortgage. To the extent the claims in the complaint relate to the 21 mortgage loans that SecurityNational Mortgage allegedly sold to EMC Mortgage, the Company believes it has significant defenses to such claims. The Company intends to vigorously defend itself and SecurityNational Mortgage in the event that JP Morgan Chase were to bring any legal action to require the Company or SecurityNational Mortgage to indemnify it for any loss, liability or expense in connection with the lawsuit that the Trust has brought against EMC Mortgage.

Mortgage Loan Loss Litigation

Lehman Brothers - Aurora Loan Services Litigation

On April 15, 2005, SecurityNational Mortgage entered into a loan purchase agreement with Lehman Brothers Bank, FSB (“Lehman Bank”). Under the terms of the loan purchase agreement, Lehman Bank agreed to purchase mortgage loans from time to time from SecurityNational Mortgage. During 2007, Lehman Bank and its wholly owned subsidiary, Aurora Loan Services LLC (“Aurora Loan Services”), purchased a total of 1,490 mortgage loans in the aggregate amount of $352,774,000 from SecurityNational Mortgage. Lehman Bank asserted that certain of the mortgage loans that it purchased from SecurityNational Mortgage during 2007 contained alleged misrepresentations and early payment defaults. As a result of these alleged breaches in the mortgage loans, Lehman Bank contended it had the right to require SecurityNational Mortgage to repurchase certain loans or be liable for losses related to such loans under the loan purchase agreement. SecurityNational Mortgage disagrees with these claims.

On December 17, 2007, SecurityNational Mortgage entered into an Indemnification Agreement with Lehman Bank and Aurora Loan Services. Under the terms of the Indemnification Agreement, SecurityNational Mortgage agreed to indemnify Lehman Bank and Aurora Loan Services for 75% of all losses that Lehman Bank and Aurora Loan Services may incur relative to breaches by mortgagors pertaining to 55 mortgage loans that were purchased from SecurityNational Mortgage. SecurityNational Mortgage was released from any obligation to pay the remaining 25% of such losses. The Indemnification Agreement also required SecurityNational Mortgage to indemnify Lehman Bank and Aurora Loan Services for 100% of any future losses incurred on mortgage loans with breaches that were not among the 55 mortgage loans.

Pursuant to the Indemnification Agreement, SecurityNational Mortgage paid $395,000 to Aurora Loan Services as a deposit into a reserve account, to secure any obligations of SecurityNational Mortgage under the Indemnification Agreement. This deposit was in addition to a $250,000 deposit that SecurityNational Mortgage previously made into the reserve account for a total of $645,000. Losses from mortgage loans with alleged breaches were payable from the reserve account. However, Lehman Bank and Aurora Loan Services were not to apply any funds from the reserve account to a particular mortgage loan until an actual loss had occurred. Under the Indemnification Agreement SecurityNational Mortgage was to pay to Aurora Loan Services each calendar month the difference between the reserve account balance and $645,000, but in no event would SecurityNational Mortgage be required to make payments into the reserve account in excess of $125,000 for any calendar month.

Since the reserve account was established, funds had been paid from the account to indemnify $4,281,000 in alleged losses from 31 mortgage loans that were among 55 mortgage loans with alleged breaches that were covered by the Indemnification Agreement and ten other mortgage loans with alleged breaches. In the last monthly billing statement dated April 24, 2011 to SecurityNational Mortgage, Lehman Brothers Holdings Inc. (“Lehman Holdings”) claimed that SecurityNational Mortgage owed approximately $3,745,000 for mortgage loan losses under the Indemnification Agreement.

During 2010 and 2011, the Company recognized alleged losses of $1,289,000 and $-0-, respectively. However, management cannot fully determine the total losses because there may be potential claims for losses that have not yet been determined. As of December 31, 2013, the Company had not accrued for any losses under the Indemnification Agreement. SecurityNational Mortgage was involved in discussions with Lehman Bank and Lehman Holdings concerning issues under the Indemnification Agreement. During the discussion period, monthly payments for December 2010 and January, February, March and April of 2011 totaling $625,000 were abated or deferred.

On May 11, 2011, SecurityNational Mortgage filed a complaint against Aurora Bank FSB, formerly known as Lehman Bank, and Aurora Loan Services in the United States District Court for the District of Utah because it had been unable to resolve certain issues under the Indemnification Agreement. The complaint alleges, among other things, material breach of the Indemnification Agreement, including a claim that neither Lehman Bank nor Aurora Loan Services owned mortgage loans sold by SecurityNational Mortgage to justify the amount of payments demanded from, and made by SecurityNational Mortgage. As a result, SecurityNational Mortgage claims it is entitled to judgment of approximately $4,000,000 against Lehman Bank, as well as Aurora Loan Services to the extent of its involvement and complicity with Lehman Bank. The complaint also alleges a second claim for material breach of a section of the Indemnification Agreement that contains an alleged “sunset” provision and that the amount of the requested payments made was not justified under the “sunset” provision.

On June 8, 2011, Lehman Holdings, which had filed for bankruptcy in September 2008, filed a complaint against SecurityNational Mortgage in the United States District Court for the District of Utah. A Lehman Holdings’ subsidiary owns Lehman Bank. The complaint alleges that SecurityNational Mortgage sold loans to Lehman Bank, which were then sold to Lehman Holdings. The complaint additionally alleges that Lehman Bank and Aurora Loan Services assigned their rights and remedies under the loan purchase agreement, as well as the Indemnification Agreement to Lehman Holdings, which latter assignment purportedly took place on March 28, 2011. Lehman Holdings declared in a letter dated June 2, 2011 that the Indemnification Agreement was null and void except for losses previously released and discharged, which is disputed by SecurityNational Mortgage.

Lehman Holdings’ alleged claims are for damages for breach of contract and breach of warranty pursuant to a loan purchase agreement and Seller’s Guide. Based on claiming that the Indemnification Agreement is null and void pursuant to its lawsuit, Lehman Holdings has initially claimed damages in excess of $5,000,000. Prior to declaring the Indemnification Agreement null and void, Lehman Holdings claimed in a then recent billing statement under the terms of the Indemnification Agreement, that SecurityNational Mortgage owed approximately $3,745,000 for mortgage loan losses under the Indemnification Agreement. SecurityNational Mortgage strongly disagrees with the position of Lehman Holdings and, as set forth in its May 11, 2011 complaint, seeks affirmative relief of approximately $4,000,000 from Lehman Bank and Aurora Loan Services, which are related to Lehman Holdings.

On September 4, 2012, SecurityNational Mortgage filed a motion for summary judgment in its action against Lehman Bank and Aurora Loan Services on certain material issues, as well as against Lehman Holdings regarding its claims against SecurityNational Mortgage. Lehman Bank and Aurora Loan Services filed a cross motion for summary judgment as to the issues in SecurityNational Mortgage’s motion and, in the Lehman Holdings case, Lehman Holdings has requested that the Court allow a cross motion on the issues which are the subject of SecurityNational Mortgage’s September 4, 2012 motion. The cases are before two different federal judges.

On February 27, 2013, SecurityNational Mortgage’s motion for summary judgment against Lehman Bank and Aurora Loan Services and the related cross motion were heard by Judge David Nuffer of the United States District Court for the District of Utah. After an extensive hearing, Judge Nuffer requested that the parties prepare findings of fact in accordance with the Court’s earlier promulgated findings as modified at the hearing, and that each party submit proposed conclusions of law related to the motions. Judge Nuffer also said that he may request a further hearing on the matter. The motion and cross motion are under advisement. SecurityNational Mortgage’s motion in the Lehman Holdings case has been reset for hearing on April 22, 2014 before Judge Ted Stewart of the United States District Court for the District of Utah, with a trial, as may be necessary, set for August 11, 2014.

Non-Cancelable Leases

The Company leases office space and equipment under various non-cancelable agreements, with remaining terms up to five years. Minimum lease payments under these non-cancelable operating leases as of December 31, 2013, are approximately as follows:

Years Ending
December 31
2014	3,104,498
2015	2,444,254
2016	1,758,888
2017	1,326,789
2018		241,697
Total	$ 8,876,126

Total rent expense related to non-cancelable operating leases for the years ended December 31, 2013, 2012, and 2011 was approximately $4,307,000, $3,425,000, and $2,595,000, respectively.

Other Contingencies and Commitments

The Company has entered into commitments to fund new residential construction loans. As of December 31, 2013, the Company’s commitments were $18,000,000, for these loans of which $12,912,000 had been funded. The Company will advance funds once the work has been completed and an independent inspection is made. The maximum loan commitment ranges between 50% and 80% of appraised value. The Company receives fees from the borrowers and the interest rate is generally 2% to 6.75% over the bank prime rate (3.25% as of December 31, 2013). Maturities range between six and twelve months.

At December 31, 2013, SecurityNational Mortgage was contingently liable under a standby letter of credit aggregating $1,250,000, to be used as collateral to cover any contingency relating to claims filed in states where SecurityNational Mortgage is licensed. The Company does not expect any material losses to result from the issuance of the standby letter of credit. Accordingly, the estimated fair value of these instruments is zero.

At December 31, 2013, the Company was contingently liable under a standby letter of credit aggregating $641,001, to be used as collateral to cover any contingency related to additional risk assessments pertaining to the Company's captive insurance program. The Company does not expect any material losses to result from the issuance of the standby letter of credit because claims are not expected to exceed premiums paid. Accordingly, the estimated fair value of these instruments is zero.

At December 31, 2013, the Company was contingently liable under two standby letters of credit aggregating $139,220, issued as security deposits to guarantee payment of final bills for electric and gas utility services for a commercial real estate property owned by the Company in Wichita, Kansas.

The Company belongs to a captive insurance group for certain casualty insurance, worker compensation and liability programs. Insurance reserves are maintained relative to these programs. The level of exposure from catastrophic events is limited by the purchase of stop-loss and aggregate liability reinsurance coverage. When estimating the insurance liabilities and related reserves, the captive insurance management considers a number of factors, which include historical claims experience, demographic factors, severity factors and valuations provided by independent third-party actuaries. If actual claims or adverse development of loss reserves occurs and exceed these estimates, additional reserves may be required. The estimation process contains uncertainty since captive insurance management must use judgment to estimate the ultimate cost that will be incurred to settle reported claims and unreported claims for incidents incurred but not reported as of the balance sheet date. At December 31, 2013, $524,034 of reserves was established related to such insurance programs versus $589,661 at December 31, 2012.

The Company is a defendant in various other legal actions arising from the normal conduct of business. Management believes that none of the actions will have a material effect on the Company’s financial position or results of operations. Based on management’s assessment and legal counsel’s representations concerning the likelihood of unfavorable outcomes, no amounts have been accrued for the above claims in the consolidated financial statements.

The Company is not a party to any other material legal proceedings outside the ordinary course of business or to any other legal proceedings, which, if adversely determined, would have a material adverse effect on its financial condition or results of operations.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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-Name Accounting Standards Codification
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+ Details

Note 10: Retirement Plans

12 Months Ended

Dec. 31, 2013

Notes

Note 10: Retirement Plans

10) Retirement Plans

The Company and its subsidiaries have a noncontributory Employee Stock Ownership Plan (ESOP) for all eligible employees. Eligible employees are primarily those with more than one year of service, who work in excess of 1,000 hours per year. Contributions, which may be in cash or stock of the Company, are determined annually by the Board of Directors.

The Company’s contributions are allocated to eligible employees based on the ratio of each eligible employee’s compensation to total compensation for all eligible employees during each year. The Company did not make any contributions for 2013, 2012 and 2011. At December 31, 2013, the ESOP held 574,570 shares of Class A and 2,294,549 shares of Class C common stock of the Company. All shares held by the ESOP have been allocated to the participating employees and all shares held by the ESOP are considered outstanding for purposes of computing earnings per share.

The Company has three 401(k) savings plans covering all eligible employees, as defined above, which includes employer participation in accordance with the provisions of Section 401(k) of the Internal Revenue Code. The plans allow participants to make pretax contributions up to a maximum of $17,500, $17,000 and $16,500 for the years 2013, 2012 and 2011, respectively or the statutory limits.

Beginning January 1, 2008, the Company elected to be a “Safe Harbor” Plan for its matching 401(k) contributions. The Company matched 100% of up to 3% of an employee’s total annual compensation and matched 50% of 4% to 5% of an employee’s annual compensation. The match was in Company stock. The Company’s contribution for 2013, 2012 and 2011 was $749,898, $222,719 and $208,206, respectively under the “Safe Harbor” plan.

In 2001, the Company’s Board of Directors adopted a Deferred Compensation Plan. Under the terms of the Plan, the Company will provide deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Board has appointed a Committee of the Company to be the Plan Administrator and to determine the employees who are eligible to participate in the plan. The employees who participate may elect to defer a portion of their compensation into the plan. The Company may contribute into the plan at the discretion of the Company’s Board of Directors. The Company did not make any contributions for 2013, 2012 and 2011.

The Company has a deferred compensation agreement with its past Chief Executive Officer. The deferred compensation is payable on the retirement or death of this individual either in annual installments over 10 years or in a lump sum settlement, if approved by the Board of Directors. The amount payable is $60,000 per year with cost of living adjustments each anniversary. The compensation agreement also provides that any remaining balance will be payable to his heirs in the event of his death. In addition, the agreement provides that the Company will pay the Group Health coverage for this individual and/or his spouse. In 2013, the Company decreased its liability for these future obligations by $0 and in 2012 decreased its liability by $1,349. The current balance as of December 31, 2013 was $598,426.

On July 16, 2004, the Company entered into an employment agreement with Scott M. Quist, its Chairman of the Board, President and Chief Executive Officer. The agreement is effective as of December 4, 2003 and has a five-year term, but the Company has agreed to renew the agreement on December 4, 2008 and 2013 for additional five-year terms, provided Mr. Quist performs his duties with usual and customary care and diligence. Under the terms of the agreement, Mr. Quist is to devote his full time to the Company serving as its Chairman of the Board, President, and Chief Executive Officer at not less than his current salary and benefits. The Company also agrees to maintain a group term life insurance policy of not less than $1,000,000 on Mr. Quist’s life and a whole life insurance policy in the amount of $500,000 on Mr. Quist’s life. In the event of disability, Mr. Quist’s salary would be continued for up to five years at 75% of its current level.

In the event of a sale or merger of the Company and Mr. Quist is not retained in his current position, the Company would be obligated to continue Mr. Quist’s current compensation and benefits for seven years following the merger or sale. The agreement further provides that Mr. Quist is entitled to receive annual retirement benefits beginning (i) one month from the date of his retirement (to commence no sooner than age 65), (ii) five years following complete disability, or (iii) upon termination of his employment without cause. These retirement benefits are to be paid for a period of twenty years in annual installments in the amount equal to 75% of his then current rate of compensation. However, in the event that Mr. Quist dies prior to receiving all retirement benefits there under, the remaining benefits are to be paid to his heirs. The Company expensed $264,000 and $87,467 in fiscal 2013 and 2012, respectively, to cover the present value of anticipated retirement benefits under the employment agreement. The liability accrued is $1,437,242 and $1,173,242 as of December 31, 2013 and 2012, respectively.

On December 4, 2003, the Company, through its subsidiary SecurityNational Mortgage Company, entered into an employment agreement with J. Lynn Beckstead, Jr., Vice President of Mortgage Operations and President of SecurityNational Mortgage Company. The agreement has a five-year term, but the Company has agreed to renew the agreement on December 4, 2008 and 2013 for additional five-year terms, provided Mr. Beckstead performs his duties with usual and customary care and diligence. Under the terms of the agreement, Mr. Beckstead is to devote his full time to the Company serving as President of SecurityNational Mortgage Company at not less than his current salary and benefits, and to include $350,000 of life insurance protection. In the event of disability, Mr. Beckstead’s salary would be continued for up to five years at 50% of its current level.

In the event of a sale or merger of the Company and Mr. Beckstead is not retained in his current position, the Company would be obligated to continue Mr. Beckstead’s current compensation and benefits for five years following the merger or sale. The agreement further provides that Mr. Beckstead is entitled to receive annual retirement benefits beginning (i) one month from the date of his retirement (to commence no sooner than age 62½) (ii) five years following complete disability, or (iii) upon termination of his employment without cause. These retirement benefits are to be paid for a period of ten years in annual installments in the amount equal to one-half of his then current annual salary. However, in the event that Mr. Beckstead dies prior to receiving all retirement benefits there under, the remaining benefits are to be paid to his heirs. The Company expensed $-0- and $44,533 in fiscal 2013 and 2012, respectively, to cover the present value of the retirement benefit of the agreement. The liability accrued is $613,403 and $613,403, as of December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details

Note 11: Capital Stock

12 Months Ended

Dec. 31, 2013

Notes

Note 11: Capital Stock

11) Capital Stock

The Company has two classes of common stock with shares outstanding, Class A common shares and Class C common shares. Class C shares vote share for share with the Class A shares on all matters except election of one third of the directors who are elected solely by the Class A shares, but generally are entitled to a lower dividend participation rate. Class C shares are convertible into Class A shares at any time on a ten to one ratio. The decrease in treasury stock was the result of treasury stock being used to fund the company’s 401(k) and Deferred Compensation Plans.

Stockholders of both classes of common stock have received 5% stock dividends in the years 1990 through 2013, as authorized by the Company’s Board of Directors.

The Company has Class B common stock of $1.00 par value, 5,000,000 shares authorized, of which none are issued. Class B shares are non-voting stock except to any proposed amendment to the Articles of Incorporation which would affect Class B common stock.

The following table summarizes the activity in shares of capital stock for the three-year period ended December 31, 2013:

	Class A	Class C
Balance at December 31, 2010	9,178,945	9,660,152

Exercise of stock options	-	-
Stock dividends	459,168	482,675
Conversion of Class C to Class A	685	(6,851)

Balance at December 31, 2011	9,638,798	10,135,976

Exercise of stock options	685,753	318,912
Stock dividends	518,702	522,440
Conversion of Class C to Class A	323	(3,227)

Balance at December 31, 2012	10,843,576	10,974,101

Exercise of stock options	359,786	2,112,110
Stock dividends	562,152	633,424
Conversion of Class C to Class A	41,773	(417,727)

Balance at December 31, 2013	11,807,287	13,301,908

Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with accounting principles generally accepted in the United States of America, the basic and diluted earnings per share amounts were calculated as follows:

	2013	2012	2011
Numerator:
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758

Denominator:
Denominator for basic earnings
per share-weighted-average shares	11,751,428	10,812,967	10,572,201

Effect of dilutive securities
Employee stock options	586,235	570,744	113,344
Dilutive potential common shares	586,235	570,744	113,344

Denominator for diluted earnings (loss)
per share-adjusted weighted-average
shares and assumed conversions	12,337,663	11,383,711	10,685,545

Basic earnings (loss) per share	$0.65	$1.55	$0.12
Diluted earnings (loss) per share	$0.61	$1.47	$0.12

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Note 12: Stock Compensation Plans

12 Months Ended

Dec. 31, 2013

Notes

Note 12: Stock Compensation Plans

12) Stock Compensation Plans

The Company has three fixed option plans (the “2003 Plan”, the “2006 Plan” and the “2013 Plan”). Compensation expense for options issued of $88,369, $251,031 and $253,934 has been recognized under these plans for 2013, 2012 and 2011, respectively. As of December 31, 2013, the total unrecognized compensation expense related to the options issued in 2013 was $240,021, which is expected to be recognized over the vesting period of one year.

The weighted-average fair value of each option granted in 2013 under the 2013 Plan and the 2006 Plan, is estimated at $1.96 for the December 6, 2013 and December 7, 2013 options as of the grant date using the Black Scholes Option Pricing Model with the following assumptions: dividend yield of 5%, volatility of 67.93%, risk-free interest rate of 1.68%, and an expected term of 5.31 years.

The weighted-average fair value of each option granted in 2012 under the 2006 Plan, is estimated at $3.18 for the December 7, 2012 options as of the grant date using the Black Scholes Option Pricing Model with the following weighted-average assumptions: dividend yield of 5%, volatility of 73.89%, risk-free interest rate of 0.70%, and an expected term of 5.31 years.

The weighted-average fair value of each option granted in 2012 under the 2003 Plan and the 2006 Plan, is estimated at $0.64 and $0.66, respectively for the April 13, 2012 options as of the grant date using the Black Scholes Option Pricing Model with the following weighted-average assumptions: dividend yield of 5% and 5%, volatility of 70.26% and 72.58%, risk-free interest rate of 0.84% and 1.04%, and an expected term of 4.53 to 5.32 years, respectively.

The weighted-average fair value of each option granted in 2011 under the 2003 Plan and the 2006 Plan, is estimated at $0.52 and $0.71 for the December 2, 2012 options as of the grant date using the Black Scholes Option Pricing Model with the following assumptions: dividend yield of 5%, volatility of 59%, risk-free interest rate of 3.4%, and an expected life of five to ten years.

The Company generally estimates the expected life of the options based upon the contractual term of the options adjusted for actual experience. Future volatility is estimated based upon the weighted historical volatility of the Company’s Class A common stock and three per company stocks over a period equal to the estimated life of the options. Common stock issued upon exercise of stock options are generally new share issuances rather than from treasury shares.

Activity of the stock option plans is summarized as follows:
	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares(1)	Weighted Average Exercise Price(1)
Outstanding at December 31, 2010	1,596,095	$ 2.61	3,438,355	$ 2.38
Adjustment for the effect of stock dividends	95,073		171,920
Granted	346,500		-
Exercised	-		-
Cancelled	(41,125)		-

Outstanding at December 31, 2011	1,996,543	$ 2.40	3,610,275	$ 2.20
Adjustment for the effect of stock dividends	43,928		245,145
Granted	347,000		-
Exercised	(1,041,276)		(525,000)
Cancelled	(123,134)		-
Reclass from A to C	(250,808)		2,508,085

Outstanding at December 31, 2012	972,253	$ 2.07	5,838,505	$ 2.18
Adjustment for the effect of stock dividends	17,962		242,217
Granted	81,960		500,000
Exercised	(485,366)		(1,906,022)
Cancelled	(76,676)		(638,138)
Reclass from A to C	(105,000)		1,050,000

Outstanding at December 31, 2013	405,133	$ 2.41	5,086,562	$ 2.00

Exercisable at end of year	319,009	$ 1.82	4,561,562	$ 1.65

Available options for future grant	312,642		1,050,000

Weighted average contractual term of options
outstanding at December 31, 2013	7.23 years		2.61 years

Weighted average contractual term of options
exercisable at December 31, 2013	6.51 years		2.34 years

Aggregated intrinsic value of options outstanding
at December 31, 2013	$893,398		$1,340,147

Aggregated intrinsic value of options exercisable
at December 31, 2013	$893,172		$1,340,147

(1) Class “C” shares are converted to Class “A” shares on a 10 to 1 ratio. The Weighted Average Exercise Price is based on Class A Common shares.

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 years ended December 31, 2013 and 2012 was $2,179,393 and $3,340,460, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

13) Statutory Financial Information and Dividend Limitations

12 Months Ended

Dec. 31, 2013

Notes

13) Statutory Financial Information and Dividend Limitations

The Company’s insurance subsidiaries prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance department of the applicable state of domicile. Prescribed statutory accounting practices include a variety of publications of the National Association of Insurance Commissioners (“NAIC”), as well as state laws, regulations and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed.

All states require domiciled insurance companies to prepare statutory-basis financial statements in conformity with the NAIC Accounting Practices and Procedures Manual, subject to any deviations prescribed or permitted by the applicable insurance commissioner and/or director. Statutory accounting practices differ from GAAP primarily since they require charging policy acquisition and certain sales inducement costs to expense as incurred, establishing life insurance reserves based on different actuarial assumptions, and valuing certain investments and establishing deferred taxes on a different basis.

Statutory net income and capital and surplus of the Company’s insurance subsidiaries, determined in accordance with statutory accounting practices prescribed or permitted by insurance regulatory authorities are as follows:

	Net Income			Capital and Surplus
	2013	2012	2011	2013	2012
Amounts by insurance subsidiary:
Security National Life Insurance Company	$ 1,283,311	$ 391,533	$ (34,795)	$ 29,597,289	$ 29,828,732

Memorial Insurance Company of America	237	159	(1,994)	1,083,237	1,084,067

Southern Security Life Insurance Company, Inc.	1,288	184	971	1,586,832	1,583,524

Trans-Western Life Insurance Company	1,906	2,113	-	497,878	495,972

Total	$ 1,286,742	$ 393,989	$ (35,818)	$ 32,765,236	$ 32,992,295

The Utah, Arkansas, Mississippi and Texas Insurance Departments impose minimum risk-based capital requirements (“RBC”) that were developed by the NAIC on insurance enterprises. The formulas for determining the RBC specify various factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio (the “Ratio”) of the enterprise’s regulatory total adjusted capital, as defined by the NAIC, to its authorized control level, as defined by the NAIC. Enterprises below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The life insurance subsidiaries have a combined weighted Ratio that is greater than the first level of regulatory action as of December 31, 2013.

Generally, the net assets of the life insurance subsidiaries available for transfer to the Company are limited to the amounts of the life insurance subsidiaries net assets, as determined in accordance with statutory accounting practices, which were $32,765,236 at December 31, 2013, exceed minimum statutory capital requirements; however, payments of such amounts as dividends are subject to approval by regulatory authorities.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.23(c))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24746-158529

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6588579&loc=d3e24959-158530

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 60
-Paragraph 60
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-5
-Paragraph 8, 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 14: Business Segment Information

12 Months Ended

Dec. 31, 2013

Notes

Note 14: Business Segment Information

14) Business Segment Information

Description of Products and Services by Segment

The Company has three reportable business segments: life insurance, cemetery and mortuary, and mortgage. The Company’s life insurance segment consists of life insurance premiums and operating expenses from the sale of insurance products sold by the Company’s independent agency force and net investment income derived from investing policyholder and segment surplus funds. The Company’s cemetery and mortuary segment consists of revenues and operating expenses from the sale of at-need cemetery and mortuary merchandise and services at its mortuaries and cemeteries, pre-need sales of cemetery spaces after collection of 10% or more of the purchase price and the net investment income from investing segment surplus funds. The Company’s mortgage loan segment consists of loan originations fee income and expenses from the originations of residential mortgage loans and interest earned and interest expenses from warehousing pre-sold loans before the funds are received from financial institutional investors.

Measurement of Segment Profit or Loss and Segment Assets

The accounting policies of the reportable segments are the same as those described in the Significant Accounting Principles. Intersegment revenues are recorded at cost plus an agreed upon intercompany profit, and are eliminated upon consolidation.

Factors Management Used to Identify the Enterprise’s Reportable Segments

The Company’s reportable segments are business units that offer different products and are managed separately due to the different products and the need to report to the various regulatory jurisdictions.

	2013
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 51,322,567	$ 12,000,375	$ 127,950,021	$ -	$ 191,272,963
Net investment income	15,877,784	268,923	4,207,295	-	20,354,002
Realized gains (losses) on
investments and other assets	1,402,352	15,699	-	-	1,418,051
Other than temporary impairments	(336,226)	-	-	-	(336,226)
Other revenues	538,009	94,703	1,973,518	-	2,606,230
Intersegment revenues:
Net investment income	7,220,282	1,356,825	262,074	(8,839,181)	-
Total revenues	76,024,768	13,736,525	134,392,908	(8,839,181)	215,315,020
Expenses:
Death and other policy benefits	28,534,936	-	-	-	28,534,936
Increase in future policy benefits	19,594,890	-	-	-	19,594,890
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	4,811,300	370,537	-	-	5,181,837
Depreciation	401,893	426,641	792,535	-	1,621,069
General, administrative and
other costs:
Intersegment	24,000	141,367	199,193	(364,560)	-
Provision for loan losses	-	-	1,751,472	-	1,751,472
Costs related to funding mortgage
loans	-	-	6,635,290	-	6,635,290
Other	18,753,753	10,467,717	110,096,627	1	139,318,098
Interest expense:
Intersegment	802,352	1,664,096	6,008,174	(8,474,622)	-
Other	233,343	443,133	2,177,225	-	2,853,701
Total benefits and expenses	73,156,467	13,513,491	127,660,516	(8,839,181)	205,491,293
Earnings (losses) before income taxes	$ 2,868,301	$ 223,034	$ 6,732,392	$ -	$ 9,823,727
Income tax (expense) benefit	399,304	-	(2,637,110)	-	(2,237,806)
Net earnings (losses)	$ 3,267,605	$ 223,034	$ 4,095,282	$ -	$ 7,585,921

Identifiable assets	$ 591,465,834	$ 114,454,631	$ 50,250,677	$ (137,413,688)	$ 618,757,454

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 659,259	$ 1,100,195	$ 1,810,879	$ -	$ 3,570,333

	2012
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 49,550,904	$ 10,864,497	$ 150,553,261	$ -	$ 210,968,662
Net investment income	16,616,541	333,625	4,965,411	-	21,915,577
Realized gains (losses) on
investments and other assets	1,415,556	8,954	-	-	1,424,510
Other than temporary impairments	(1,207,632)	-	-	-	(1,207,632)
Other revenues	482,325	136,189	540,538	-	1,159,052
Intersegment revenues:
Net investment income	7,570,979	1,435,891	294,980	(9,301,850)	-
Total revenues	74,428,673	12,779,156	156,354,190	(9,301,850)	234,260,169
Expenses:
Death and other policy benefits	24,246,088	-	-	-	24,246,088
Increase in future policy benefits	21,435,191	-	-	-	21,435,191
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,137,586	311,843	-	-	5,449,429
Depreciation	315,960	426,006	516,131	-	1,258,097
General, administrative and
other costs:
Intersegment	24,000	102,726	137,696	(264,422)	-
Provision for loan losses	-	-	4,239,418	-	4,239,418
Costs related to funding mortgage
loans	-	-	6,931,045	-	6,931,045
Other	17,824,800	9,582,499	118,198,014	2	145,605,315
Interest expense:
Intersegment	694,442	1,681,987	6,661,001	(9,037,430)	-
Other	159,659	455,449	3,129,185	-	3,744,293
Total benefits and expenses	69,837,726	12,560,510	139,812,490	(9,301,850)	212,908,876
Earnings (losses) before income taxes	$ 4,590,947	$ 218,646	$ 16,541,700	$ -	$ 21,351,293
Income tax (expense) benefit	1,755,258	-	(6,394,033)	-	(4,638,775)
Net earnings (losses)	$ 6,346,205	$ 218,646	$ 10,147,667	$ -	$ 16,712,518

Identifiable assets	$ 558,845,424	$ 116,368,747	$ 55,613,678	$ (133,611,226)	$ 597,216,623

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 400,605	$ 689,154	$ 2,131,861	$ -	$ 3,221,620

	2011
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 49,898,032	$ 10,761,469	$ 77,605,105	$ -	$ 138,264,606
Net investment income	15,855,355	159,186	2,555,536	-	18,570,077
Realized gains (losses) on
investments and other assets	1,596,127	868,226	-	-	2,464,353
Other than temporary impairments	(840,735)	-	-	-	(840,735)
Other revenues	712,400	147,830	248,739	-	1,108,969
Intersegment revenues:
Net investment income	5,832,691	1,691,197	258,062	(7,781,950)	-
Total revenues	73,053,870	13,627,908	80,667,442	(7,781,950)	159,567,270
Expenses:
Death and other policy benefits	23,945,720	-	-	-	23,945,720
Increase in future policy benefits	22,258,241	-	-	-	22,258,241
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,396,016	373,332	-	-	5,769,348
Depreciation	479,634	520,015	499,389	-	1,499,038
General, administrative and
other costs:
Intersegment	24,000	103,494	130,011	(257,505)	-
Provision for loan losses	-	-	2,070,399	-	2,070,399
Costs related to funding mortgage
loans	-	-	4,240,377	-	4,240,377
Other	17,472,713	9,827,197	69,286,435	-	96,586,345
Interest expense:
Intersegment	668,047	1,905,559	4,950,839	(7,524,445)	-
Other	111,221	437,736	1,412,292	-	1,961,249
Total benefits and expenses	70,355,592	13,167,333	82,589,742	(7,781,950)	158,330,717
Earnings (losses) before income taxes	$ 2,698,278	$ 460,575	$ (1,922,300)	$ -	$ 1,236,553
Income tax (expense) benefit	(734,626)	-	796,831	-	62,205
Net earnings (losses)	$ 1,963,652	$ 460,575	$ (1,125,469)	$ -	$ 1,298,758

Identifiable assets	$ 504,744,743	$ 116,453,434	$ 27,913,480	$ (126,061,216)	$ 523,050,441

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 136,742	$ 255,116	$ 373,775	$ -	$ 765,633

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
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+ Details

15) Related Party Transactions

12 Months Ended

Dec. 31, 2013

Notes

15) Related Party Transactions

The Company’s Board of Directors has a written procedure, which requires disclosure to the Board of any material interest or any affiliation on the part of any of its officers, directors or employees that is in conflict or may be in conflict with the interests of the Company.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

16) Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2013

Notes

16) Fair Value of Financial Instruments

Generally accepted accounting principles (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: Financial assets and financial liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we can access.

Level 2: Financial assets and financial liabilities whose values are based on the following:

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: Financial assets and financial liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs may reflect our estimates of the assumptions that market participants would use in valuing the financial assets and financial liabilities.

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 other significant financial instruments:

The items shown under Level 1 and Level 2 are valued as follows:

Securities Available for Sale and Held to Maturity: The fair values of investments in fixed maturity and equity securities along with methods used to estimate such values are disclosed in Note 2 of the Notes to Consolidated Statements.

Restricted Assets: A portion of these assets include mutual funds and equity securities that have quoted market prices. Also included are cash and cash equivalents and participations in mortgage loans. The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

Cemetery Perpetual Care Trust Investments: A portion of these assets include equity securities that have quoted market prices. Also included are cash and cash equivalents. The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

Call Options: The fair values along with methods used to estimate such values are disclosed in Note 2 of the Notes to Consolidated Statements.

The items shown under Level 3 are valued as follows:

Policyholder Account Balances and Future Policy Benefits-Annuities: Future policy benefit reserves for interest-sensitive insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims incurred in the period in excess of related policy account balances. Interest crediting rates for interest-sensitive insurance products ranged from 4% to 6.5%. The fair values for the Company’s liabilities under investment-type insurance contracts (disclosed as policyholder account balances and future policy benefits – annuities) are estimated based on the contracts’ cash surrender values.

The fair values for the Company’s insurance contracts other than investment-type contracts are not required to be disclosed. However, the fair values of liabilities under all insurance contracts are taken into consideration in the Company’s overall management of interest rate risk, such that the Company’s exposure to changing interest rates is minimized through the matching of investment maturities with amounts due under insurance contracts.

Interest Rate Lock Commitments: The Company’s mortgage banking activities enters into interest rate lock commitments with potential borrowers and forward commitments to sell loans to third-party investors. The Company also implements a hedging strategy for these transactions. A mortgage loan commitment binds the Company to lend funds to a qualified borrower at a specified interest rate and within a specified period of time, generally up to 30 days after inception of the mortgage loan commitment. Mortgage loan commitments are defined to be derivatives under generally accepted accounting principles and are recognized at fair value on the consolidated balance sheet with changes in their fair values recorded as part of other comprehensive income from mortgage banking operations.

Bank Loan Interest Rate Swaps: Management considers the interest rate swap instruments to be an effective cash flow hedge against the variable interest rate on bank borrowings since the interest rate swap mirrors the term of the note payable and expires on the maturity date of the bank loan it hedges. The interest rate swaps are a derivative financial instruments carried at its fair value. The fair value of the interest rate swap was derived from a proprietary model of the bank from whom the interest rate swap was purchased and to whom the note is payable.

Mortgage Loans on Real Estate: The fair values are estimated using interest rates currently being offered for similar loans to borrowers with similar credit ratings. Loans with similar characteristics are aggregated for purposes of the calculations. The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

Real Estate Owned Held for Investment: The Company believes that in an orderly market fair value will approximate the replacement cost of a home and the rental income provides a cash flow stream for investment analysis. The Company believes the highest and best use of the properties are as income producing assets since it is the Company’s intent to hold the properties as rental properties, matching the income from the investment in rental properties with the funds required for future estimated policy claims. Accordingly, the fair value determination will be weighted more heavily toward the rental analysis.

In addition to this analysis performed by the Company, the Company depreciates Other Real Estate Owned Held for Investment. This depreciation reduces the book value of these properties and lessens the exposure to the Company from further deterioration in real estate values.

Mortgage Servicing Rights: The Company initially recognizes MSRs at their estimated fair values derived from the net cash flows associated with the servicing contracts, where the Company assumes the obligation to service the loan in the sale transaction. The precise fair value of MSRs cannot be readily determined because MSRs are not actively traded in stand-alone markets. Considerable judgment is required to estimate the fair values of these assets and the exercise of such judgment can significantly affect the Company’s earnings.

The following table summarizes Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a recurring basis by their classification in the consolidated balance sheet at December 31, 2013.

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Common stock	$ 4,498,756	$ 4,498,756	$ -	$ -
Total securities available for sale	4,498,756	4,498,756	-	-
Restricted assets of cemeteries and mortuaries	667,149	667,149	-	-
Cemetery perpetual care trust investments	695,616	695,616	-	-
Derivatives - interest rate lock commitments	1,511,111	-	-	1,511,111
Total assets accounted for at fair value on a recurring basis	$ 7,372,632	$ 5,861,521	$ -	$ 1,511,111

Liabilities accounted for at fair value on a recurring basis
Policyholder account balances	$ (48,000,668)	$ -	$ -	$ (48,000,668)
Future policy benefits - annuities	(65,052,928)	-	-	(65,052,928)
Derivatives - bank loan interest rate swaps	(58,310)	-	-	(58,310)
- call options	(124,174)	(124,174)	-	-
- interest rate lock commitments	(23,203)	-	-	(23,203)
Total liabilities accounted for at fair value on a recurring basis	$ (113,259,283)	$ (124,174)	$ -	$ (113,135,109)

Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs:

	Policyholder Account Balances	Future Policy Benefits - Annuities	Interest Rate Lock Commitments	Bank Loan Interest Rate Swaps

Balance - December 31, 2012	$ (49,746,337)	$ (65,171,687)	$ 2,961,465	$ (93,572)

Total Losses (Gains):

Included in earnings	1,745,669	118,759	-	-

Included in other
comprehensive income (loss)	-	-	(1,473,557)	35,262

Balance - December 31, 2013	$ (48,000,668)	$ (65,052,928)	$ 1,487,908	$ (58,310)

The following tables summarize Level 1, 2 and 3 financial assets and financial liabilities measured at fair value on a nonrecurring basis by their classification in the consolidated balance sheet at December 31, 2013.

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a nonrecurring basis
Mortgage servicing rights	$ 5,291,724	$ -	$ -	$ 5,291,724
Mortgage loans on real estate	89,000	-	-	89,000
Other real estate owned held for investment	660,784	-	-	660,784
Total assets accounted for at fair value on a nonrecurring basis	$ 6,041,508	$ -	$ -	$ 6,041,508

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Non-redeemable preferred stock	$ 18,795	$ 18,795	$ -	$ -
Common stock	5,386,317	5,386,317	-	-
Total securities available for sale	5,405,112	5,405,112	-	-
Restricted assets of cemeteries and mortuaries	585,412	585,412	-	-
Cemetery perpetual care trust investments	626,048	626,048	-	-
Derivatives - interest rate lock commitments	3,127,689	-	-	3,127,689
Total assets accounted for at fair value on a recurring basis	$ 9,744,261	$ 6,616,572	$ -	$ 3,127,689

Liabilities accounted for at fair value on a recurring basis
Policyholder account balances	$ (49,746,337)	$ -	$ -	$ (49,746,337)
Future policy benefits - annuities	(65,171,687)	-	-	(65,171,687)
Derivatives - bank loan interest rate swaps	(93,572)	-	-	(93,572)
- call options	(126,215)	(126,215)	-	-
- interest rate lock commitments	(166,224)	-	-	(166,224)
Total liabilities accounted for at fair value on a recurring basis	$ (115,304,035)	$ (126,215)	$ -	$ (115,177,820)

Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs:

	Policyholder Account Balances	Future Policy Benefits - Annuities	Interest Rate Lock Commitments	Bank Loan Interest Rate Swaps

Balance - December 31, 2011	$ (50,926,020)	$ (65,281,586)	$ 1,694,541	$ (117,812)

Total Losses (Gains):

Included in earnings	1,179,683	109,899	-	-

Included in other
comprehensive income (loss)	-	-	1,266,924	24,240

Balance - December 31, 2012	$ (49,746,337)	$ (65,171,687)	$ 2,961,465	$ (93,572)

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a nonrecurring basis
Mortgage servicing rights	$ 2,797,470	$ -	$ -	$ 2,797,470
Mortgage loans on real estate	4,621,500	-	-	4,621,500
Other real estate owned held for investment	985,219	-	-	985,219
Total assets accounted for at fair value on a nonrecurring basis	$ 8,404,189	$ -	$ -	$ 8,404,189

Fair Value of Financial Instruments Carried at Other Than Fair Value

ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value.

Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at December 31, 2013. The estimated fair value amounts for December 31, 2013 have been measured as of period-end, and have not been reevaluated or updated for purposes of these Consolidated Financial Statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at period-end.

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, 2013:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$ 48,503,639	$ -	$ -	$ 51,537,154	$ 51,537,154
Residential construction	12,812,359	-	-	12,812,359	12,812,359
Commercial	41,465,880	-	-	42,441,268	42,441,268
Mortgage loans, net	$ 102,781,878	$ -	$ -	$ 106,790,781	$ 106,790,781
Policy loans	7,520,376	-	-	7,520,376	7,520,376
Other loans	12,203,630	-	-	12,203,630	12,203,630
Short-term investments	12,135,719	-	-	12,135,719	12,135,719

Liabilities
Bank and other loans payable	$ 18,231,128	$ -	$ -	$ 18,231,128	$ 18,231,128

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, 2012:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$ 46,391,249	$ -	$ -	$ 50,266,965	$ 50,266,965
Residential construction	3,114,925	-	-	3,114,925	3,114,925
Commercial	34,956,031	-	-	35,475,500	35,475,500
Mortgage loans, net	$ 84,462,205	$ -	$ -	$ 88,857,390	$ 88,857,390
Policy loans	8,075,101	-	-	8,075,101	8,075,101
Other loans	12,113,415	-	-	12,113,415	12,113,415
Short-term investments	40,925,390	-	-	40,925,390	40,925,390

Liabilities
Bank and other loans payable	$ 11,816,771	$ -	$ -	$ 11,816,771	$ 11,816,771

The methods, assumptions and significant valuation techniques and inputs used to estimate the fair value of financial instruments are summarized as follows:

Mortgage Loans on Real Estate: The estimated fair value of the Company’s mortgage loans is determined using various methods. The Company’s mortgage loans are grouped into three categories: Residential, Residential Construction and Commercial. When estimating the expected future cash flows, it is assumed that all loans will be held to maturity, and any loans that are non-performing are evaluated individually for impairment.

Residential – The estimated fair value of mortgage loans originated prior to 2013 is determined by estimating expected future cash flows of interest payments and discounting them using current interest rates from single family mortgages. The estimated fair value of mortgage loans originated in 2013 is determined from pricing of similar loans that were sold in December 2013.

Residential Construction – These loans are primarily short in maturity (4-6 months) accordingly, the estimated fair value is determined to be the net book value.

Commercial – The estimated fair value is determined by estimating expected future cash flows of interest payments and discounting them using current interest rates for commercial mortgages.

Policy and Other Loans: The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

Short-Term Investments: The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

Bank and Other Loans Payable: The carrying amounts reported in the accompanying consolidated balance sheet for these financial instruments approximate their fair values.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

17) Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2013

Notes

17) Accumulated Other Comprehensive Income

The following summarizes the changes in accumulated other comprehensive income:

	December 31
	2013	2012
Unrealized losses on available for-sale securities	$ (12,299)	$ (28,700)
Reclassification adjustment for net realized gains in net income	538,311	386,328
Net unrealized gains before taxes	526,012	357,628
Tax (expense) benefit	(221,221)	70,120
Net	304,791	427,748
Potential unrealized gains for derivative bank loans (interest rate swaps) before taxes	35,262	24,240
Tax expense	(9,073)	(8,242)
Net	26,189	15,998
Potential unrealized gains (losses) for derivative mortgage loans before taxes	(1,473,557)	1,266,924
Tax (expense) benefit	426,614	(430,754)
Net	(1,046,943)	836,170
Other comprehensive income (loss) changes	$ (715,963)	$ 1,279,916

The following is the accumulated balances of other comprehensive income as of December 31, 2013:

	Beginning Balance December 31, 2012	Change for the period	Ending Balance December 31, 2013
Unrealized net gains on available-for-sale securities and trust investments	$ 41,550	$ 304,791	$ 346,341

Unrealized gains (losses) on derivative mortgage loans	1,954,567	(1,046,943)	907,624

Unrealized gains (losses) on derivative bank loan interest rate swaps	(61,758)	26,189	(35,569)
Other comprehensive income	$ 1,934,359	$ (715,963)	$ 1,218,396

The following is the accumulated balances of other comprehensive income as of December 31, 2012:

	Beginning Balance December 31, 2011	Change for the period	Ending Balance December 31, 2012
Unrealized net gains (losses) on available-for-sale securities and trust investments	$ (386,198)	$ 427,748	$ 41,550

Unrealized gains on derivative mortgage loans	1,118,397	836,170	1,954,567

Unrealized gains (losses) on derivative bank loan interest rate swaps	(77,756)	15,998	(61,758)
Other comprehensive income	$ 654,443	$ 1,279,916	$ 1,934,359

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6522872

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+ Details

Note 18: Derivative Commitments

12 Months Ended

Dec. 31, 2013

Notes

Note 18: Derivative Commitments

18) Derivative Commitments

The Company has adopted a strategy of selling “out of the money” call options on its available for sale equity securities as a source of revenue. The options give the purchaser the right to buy from the Company specified equity securities at a set price up to a pre-determined date in the future. The Company receives an immediate payment of cash for the value of the option and establishes a liability for the market value of the option. The liability for call options is adjusted to market value at each reporting date. The market value of outstanding call options as of December 31, 2013 and December 31, 2012 was $124,174 and $126,215, respectively. In the event an option is exercised, the Company recognizes a gain on the sale of the equity security and a gain from the sale of the option. If the option expires unexercised, the Company recognizes a gain from the sale of the option and retains the underlying equity security. Additional information on how the Company reports these derivatives is discussed in Note 1 of the Notes to Consolidated Financial Statements.

The following table shows the fair value of derivatives as of December 31, 2013 and December 31, 2012.

Fair Value of Derivative Instruments

Asset Derivatives

Liability Derivatives

December 31, 2013

December 31, 2012

December 31, 2013

December 31, 2012

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate lock and forward sales commitments

other assets

$1,511,111

other assets

$ 3,127,689

Other liabilities

$ 23,203

Other liabilities

$ 166,224

Call Options

Other liabilities

124,174

Other liabilities

126,215

Interest rate swaps

Bank loans payable

58,310

Bank loans payable

93,572

Total

$1,511,111

$ 3,127,689

$ 205,687

$ 386,011

The following table shows the gain (loss) on derivatives for the periods presented. There were no gains or losses reclassified from accumulated other comprehensive income (OCI) into income or gains or losses recognized in income on derivatives ineffective portion or any amounts excluded from effective testing.

	Net Amount Gain (Loss) Recognized in OCI
	Years ended December 31
Derivative - Cash Flow Hedging Relationships:	2013	2012
Interest Rate Lock Commitments	$ (1,473,557)	$ 1,266,924
Interest Rate Swaps	35,262	24,240
Sub Total	(1,438,295)	1,291,164
Tax Effect	(417,541)	438,996
Total	$ (1,020,754)	$ 852,168

19) Acquisitions

12 Months Ended

Dec. 31, 2013

Notes

19) Acquisitions

On August 31, 2011 the Company entered into a Stock Purchase Agreement with North America Life to purchase all of the outstanding shares of common stock of Trans-Western Life Insurance Company (“Trans-Western”), a Texas domiciled insurance company and a wholly owned subsidiary of North America Life. The Company completed the Stock Purchase Agreement on May 2, 2012. Purchase consideration paid was $494,207 which was the capital and surplus of Trans-Western at May 2, 2012. The Stock Purchase Agreement was approved by the Texas Insurance Department on March 20, 2012. All of Trans-Western’s insurance business had been ceded to North America Life, of which approximately 47% of the insurance in force had been assumed by the Company under the Coinsurance Agreement explained in Note 9 of the Notes to Consolidated Statements. As part of the stock purchase transaction, the Company recaptured the 47% of insurance in force.

The estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition were as follows:

Cash	$ 313,616
Receivables, net	186,487
Receivable from reinsurers	7,422,999
Total assets acquired	7,923,102
Future life, annuity, and other benefits	(7,422,999)
Other liabilities and accrued expenses	(5,896)
Total liabilities assumed	(7,428,895)
Fair value of net assets acquired	$ 494,207

The following unaudited pro forma information has been prepared to present the results of operations of the Company assuming the acquisition of Trans-Western had occurred at the beginning of the years ended December 31, 2013, 2012 and 2011, respectively. This pro forma information is supplemental and does not necessarily present the operations of the Company that would have occurred had the acquisition occurred on those dates and may not reflect the operations that will occur in the future:

	For the Year Ended December 31 (unaudited)
	2013	2012	2011
Total revenues	$ 215,315,020	$ 234,268,496	$ 159,620,617
Net earnings	$ 7,585,921	$ 16,713,955	$ 1,314,026
Net earnings per Class A equivalent common share	$ 0.65	$ 1.65	$ 0.13
Net earnings per Class A equivalent common share
assuming dilution	$ 0.61	$ 1.57	$ 0.13

20) Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2013

Notes

20) Mortgage Servicing Rights

The following table presents the MSR activity for 2013 and 2012.

	December 31 2013
	2013	2012
Amortized cost:
Balance before valuation allowance at beginning of year	$ 2,797,470	$ -
MSRs received as proceeds from loan sales	2,494,254	2,797,470
Amortization	(447,623)	-
Application of valuation allowance to write down MSRs with other than temporary impairment	-	-
Balance before valuation allowance at year end	$ 4,844,101	$ 2,797,470

Valuation allowance for impairment of MSRs:
Balance at beginning of year	$ -	$ -
Additions	-	-
Application of valuation allowance to write down MSRs with other than temporary impairment	-	-
Balance at year end	$ -	$ -

Mortgage servicing rights, net	$ 4,844,101	$ 2,797,470

Estimated fair value of MSRs at year end	$ 5,491,270	$ 2,797,470

The Company reports these MSRs pursuant to the accounting policy discussed in Note 1 of the Notes to Consolidated Financial Statements. The following table summarizes the Company’s estimate of future amortization of its existing MSRs carried at amortized cost. This projection was developed using the assumptions made by management in its December 31, 2013 valuation of MSRs. The assumptions underlying the following estimate will change as market conditions and portfolio composition and behavior change, causing both actual and projected amortization levels to change over time. Therefore, the following estimates will change in a manner and amount not presently determinable by management.

		Estimated MSR Amortization
2014		$ 587,969
2015		587,969
2016		587,969
2017		587,969
2018		587,969
Thereafter		1,904,256
Total		$ 4,844,101

21) Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2013

Notes

21) Quarterly Financial Data (unaudited)

21) Quarterly Financial Data (Unaudited)

	2013
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 54,852,234	$ 61,332,289	$ 50,552,791	$ 48,577,706
Benefits and expenses	51,624,611	56,862,769	48,588,507	48,415,406
Earnings before income taxes	3,227,623	4,469,520	1,964,284	162,300
Income tax benefit (expense)	(1,194,357)	(1,670,275)	(697,793)	1,324,619
Net earnings	2,033,266	2,799,245	1,266,491	1,486,919
Net earnings per common share	$0.19	$0.25	$0.11	$0.12
Net earnings per common share assuming dilution	$0.17	$0.24	$0.11	$0.12

	2012
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 47,323,223	$ 56,528,210	$ 63,747,903	$ 66,660,832
Benefits and expenses	44,994,631	51,491,833	57,615,608	58,806,804
Earnings before income taxes	2,328,592	5,036,377	6,132,295	7,854,029
Income tax expense	(666,409)	(1,443,345)	(2,142,249)	(386,772)
Net earnings	1,662,183	3,593,032	3,990,046	7,467,257
Net earnings per common share	$0.18	$0.38	$0.42	$0.76
Net earnings per common share assuming dilution	$0.17	$0.36	$0.38	$0.69

	2011
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 34,172,180	$ 36,466,418	$ 41,324,687	$ 47,603,985
Benefits and expenses	35,494,762	36,325,240	40,490,197	46,020,518
Earnings (loss) before income taxes	(1,322,582)	141,178	834,490	1,583,467
Income tax benefit (expense)	804,109	63,689	(64,168)	(741,425)
Net earnings (loss)	(518,473)	204,867	770,322	842,042
Net earnings (loss) per common share	($0.06)	$0.02	$0.09	$0.09
Net earnings (loss) per common share assuming dilution	($0.06)	$0.02	$0.09	$0.09

Note 1: Significant Accounting Policies: General Overview of Business (Policies)

12 Months Ended

Dec. 31, 2013

Policies

General Overview of Business

General Overview of Business

Note 1: Significant Accounting Policies: Basis of Presentation (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Basis of Presentation

Basis of Presentation

Note 1: Significant Accounting Policies: Principles of Consolidation (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Principles of Consolidation

Principles of Consolidation

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 1: Significant Accounting Policies: Investments (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Investments

Investments

Included are foreclosed properties which the Company intends to hold for investment purposes. These properties are recorded at the lower of cost or market value upon foreclosure.

Policy and other loans are carried at the aggregate unpaid balances, less allowances for possible losses.

Short-term investments are carried at cost and consist of certificates of deposit and commercial paper with maturities of up to one year.

- Definition

Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.

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+ Details

Note 1: Significant Accounting Policies: Cash and Cash Equivalents (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References

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-Glossary Cash
-URI http://asc.fasb.org/extlink&oid=6506951

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash Equivalents
-URI http://asc.fasb.org/extlink&oid=6507016

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Financial Reporting Release (FRR)
-Number 203
-Paragraph 02-03

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 1
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Technical Practice Aid (TPA)
-Number 2110
-Paragraph 6
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7, 8, 9, 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 1: Significant Accounting Policies: Cemetery Land and Improvements (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Cemetery Land and Improvements

Note 1: Significant Accounting Policies: Property and Equipment (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Property and Equipment

Property and Equipment

- Definition

Disclosure of accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2155824

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 34
-Paragraph 8, 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section C
-Paragraph 5
-Chapter 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 5
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 22
-Paragraph 12, 13
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 13
-Subparagraph a
-Article 5

+ Details

Note 1: Significant Accounting Policies: Recognition of Insurance Premiums and Other Considerations (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Recognition of Insurance Premiums and Other Considerations

Recognition of Insurance Premiums and Other Considerations

- Definition

Disclosure of accounting policy for determining revenue and timing of recognition as revenue of premiums received from policyholders, insureds and other insurance entities (the effects of ceding and assuming insurance policy risks) for the entity's insurance products.

+ References + Details

Note 1: Significant Accounting Policies: Deferred Policy Acquisition Costs and Value of Business Acquired (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Deferred Policy Acquisition Costs and Value of Business Acquired

Deferred Policy Acquisition Costs and Value of Business Acquired

Value of business acquired is the present value of estimated future profits of the acquired business and is amortized similar to deferred policy acquisition costs.

- Definition

Disclosure of accounting policy for capitalizing costs incurred to write or acquire insurance contracts, the basis for and methodology for capitalizing such costs, the accounting for such deferred acquisition costs (DAC) when modifications or internal replacements of related insurance contracts occur and the effect on results of operations, and the methodology and amount of amortization. This disclosure addresses the nature, type, and amount of capitalized costs incurred to write or acquire insurance contracts.

+ References + Details

Note 1: Significant Accounting Policies: Mortgage Servicing Rights (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Mortgage Servicing Rights

Mortgage Servicing Rights

Note 1: Significant Accounting Policies: Derivatives (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Derivatives

Derivatives

- Definition

Disclosure of accounting policy for its derivative instruments and hedging activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41675-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 39
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph n
-Article 4

+ Details

Note 1: Significant Accounting Policies: Allowance For Doubtful Accounts and Loan Losses and Impaired Loans (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Allowance For Doubtful Accounts and Loan Losses and Impaired Loans

Allowance for Doubtful Accounts and Loan Losses and Impaired Loans

The Company records an allowance and recognizes an expense for potential losses from mortgage loans, other loans and receivables in accordance with generally accepted accounting principles.

Note 1: Significant Accounting Policies: Loan Loss Reserve (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Loan Loss Reserve

Loan Loss Reserve

The mortgage loan loss reserve is an estimate of probable losses at the balance sheet date that the Company will realize in the future on mortgage loans sold to third party investors.

Repurchase demand – A repurchase demand usually occurs when there is a significant payment default, error in underwriting or detected loan fraud.

Indemnification demand – On certain loans the Company has negotiated a set fee that is to be paid in lieu of repurchase. The fee varies by investor and by loan product type.

Additional information related to the Loan Loss Reserve is included in Note 2.

Note 1: Significant Accounting Policies: Future Life, Annuity and Other Policy Benefits (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Future Life, Annuity and Other Policy Benefits

- Definition

Disclosure of accounting policy for an insurance entity's net liability for future benefits (for example, death, cash surrender value) to be paid to or on behalf of policyholders, describing the bases, methodologies and components of the reserve, and assumptions regarding estimates of expected investment yields, mortality, morbidity, terminations and expenses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.13(b))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 13
-Subparagraph b
-Article 7

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Audit and Accounting Guide (AAG)
-Number AAG-LHI
-Section Appendix C
-Paragraph C-13
-IssueDate 2006-05-01
-Chapter 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-5
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Audit and Accounting Guide (AAG)
-Number AAG-PLI
-Paragraph 2, 34, 132, 133
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-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 60
-Paragraph 60
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 1: Significant Accounting Policies: Participating Insurance (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Participating Insurance

Participating Insurance

Participating business constituted 2%, 2%, and 2% of insurance in force for 2013, 2012

Note 1: Significant Accounting Policies: Reinsurance (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Reinsurance

Reinsurance

- Definition

Disclosure of accounting policy for ceded reinsurance transactions on the financial statements, and description of the methodologies and assumptions underlying determination of reinsurance recoverables and reinsurance payables. If applicable, the assumptions pertaining to foreign-based reinsurance, and the nature and effect of material nonrecurring reinsurance transactions. May also state that the ceding insurer is not relieved of its primary obligation to policyholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6816-158387

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 944
-SubTopic 605
-Section 55
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6588590&loc=d3e27758-158548

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 944
-SubTopic 605
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6588590&loc=d3e27830-158548

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.13(c))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6811-158387

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-URI http://asc.fasb.org/topic&trid=2303980

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 113
-Paragraph 27, 120
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 13
-Subparagraph c
-Article 7

+ Details

Note 1: Significant Accounting Policies: Pre-need Sales and Costs (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Pre-need Sales and Costs

Pre-need Sales and Costs

Revenues and costs for at need sales are recorded when a valid contract exists, the services are performed, collection is reasonably assured and there are no significant obligations remaining.

Note 1: Significant Accounting Policies: Mortgage Fee Income (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Mortgage Fee Income

Mortgage Fee Income

The Company, through

· Failure to deliver original documents specified by the investor,

· The existence of misrepresentation or fraud in the origination of the loan,

· The loan becomes delinquent due to nonpayment during the first several months after it is sold,

· Early pay-off of a loan, as defined by the agreements,

· Excessive time to settle a loan,

· Investor declines purchase, and

· Discontinued product and expired commitment.

· Research reasons for rejection,

· Provide additional documents,

· Request investor exceptions,

· Appeal rejection decision to purchase committee, and

· Commit to secondary investors.

Determining Lower of Cost or Market

Cost is equal to the amount paid to the warehouse bank and the amount originally funded by the Company. Market value is often difficult to determine, but is based on the following:

· For loans that have an active market the Company uses the market price on the repurchased date.

· For loans where there is no market but there is a similar product, the Company uses the market value for the similar product on the repurchased date.

For mortgages originated and held for investment, mortgage fee income and related expenses are recognized when the loan is originated.

Commercial Loans

Residential and Construction Loans

Note 1: Significant Accounting Policies: Self Insurance (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Self Insurance

Captive Insurance

Note 1: Significant Accounting Policies: Goodwill (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Goodwill

Goodwill

Note 1: Significant Accounting Policies: Long-lived Assets (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Long-lived Assets

Note 1: Significant Accounting Policies: Income Taxes (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Income Taxes

Income Taxes

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32840-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=2144749

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=21917399&loc=d3e32280-109318

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 6-34, 43, 47, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 4
-Paragraph 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 20
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 1: Significant Accounting Policies: Earnings Per Common Share (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Earnings Per Common Share

Earnings Per Common Share

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References + Details

Note 1: Significant Accounting Policies: Stock Based Compensation (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Stock Based Compensation

Stock Based Compensation

- Definition

Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.

+ References + Details

Note 1: Significant Accounting Policies: Concentration of Credit Risk (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Concentration of Credit Risk

- Definition

Disclosure of accounting policy for credit risk.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 55
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6875567&loc=d3e14489-108613

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-Name Accounting Standards Codification
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-SubTopic 825
-Section 55
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6487554&loc=d3e32600-158583

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-Name Accounting Standards Codification
-Topic 942
-SubTopic 825
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6480020&loc=d3e61082-112788

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-Topic 825
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-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6480020&loc=d3e61044-112788

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number SOP94-6-1
-Paragraph 7, 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 113
-Paragraph 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 14
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 1: Significant Accounting Policies: Advertising Expense (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Advertising Expense

Advertising Expense

The Company expenses advertising costs as incurred. The total amount charged to advertising expense for 2013, 2012 and 2011 was $4,850,000, $4,065,000 and $2,237,000, respectively.

Note 1: Significant Accounting Policies: Recent Accounting Pronouncements (Policies)

12 Months Ended

Dec. 31, 2013

Policies

Recent Accounting Pronouncements

Note 2: Investments: Held-to-maturity Securities (Tables)

12 Months Ended

Dec. 31, 2013

As Of December 31 2013

Held-to-maturity Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2013:
Fixed maturity securities held to maturity carried at amortized cost:
Bonds:
U.S. Treasury securities and obligations of U.S. Government agencies	$ 2,284,261	$ 298,901	$ -	$ 2,583,162

Obligations of states and political subdivisions	1,790,661	197,340	(9,404)	1,978,597

Corporate securities including public utilities	134,257,468	10,513,448	(1,394,919)	143,375,997

Mortgage-backed securities	4,522,081	206,617	(11,351)	4,717,347

Redeemable preferred stock	612,023	12,994	(5,900)	619,117

Total fixed maturity securities held to maturity	$ 143,466,494	$ 11,229,300	$ (1,421,574)	$ 153,274,220

AsOfDecember312012Member

Held-to-maturity Securities

				Gross		Gross		Estimated
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
December 31, 2012:
Fixed maturity securities held to maturity
carried at amortized cost:
Bonds:
U.S. Treasury securities
and obligations of U.S
Government agencies	$	2,602,589	$	514,572	$	-	$	3,117,161

Obligations of states and
political subdivisions		2,040,277		285,241		(3,982)		2,321,536

Corporate securities including
public utilities		118,285,147		16,230,468		(607,322)		133,908,293

Mortgage-backed securities		5,010,519		327,871		(76,056)		5,262,334

Redeemable preferred stock		1,510,878		98,087		(1,200)		1,607,765
Total fixed maturity
securities held to maturity	$	129,449,410	$	17,456,239	$	(688,560)	$	146,217,089

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 137
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 2: Investments: Available-for-sale Securities (Tables)

12 Months Ended

Dec. 31, 2013

As Of December 31 2013

Available-for-sale Securities

		Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2013:

Equity securities available for sale at estimated fair value:

Common stock:

Industrial, miscellaneous and all other		$ 4,783,936	$ 240,206	$ (525,386)	$ 4,498,756

Total securities available for sale carried at estimated fair value		$ 4,783,936	$ 240,206	$ (525,386)	$ 4,498,756

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential		$ 49,868,486
Residential construction		12,912,473
Commercial	41,653,009
Less: Allowance for loan losses	(1,652,090)

Total mortgage loans on real estate and construction loans held for investment	$ 102,781,878

Real estate held for investment - net of depreciation	$ 99,760,475

Policy and other loans at amortized cost:
Policy loans	$ 7,520,376
Other loans	12,472,805
Less: Allowance for doubtful accounts	(269,175)

Total policy and other loans at amortized cost	$ 19,724,006

Short-term investments at amortized cost	$ 12,135,719

AsOfDecember312012Member

Available-for-sale Securities

	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Estimated Fair Value
December 31, 2012:

Equity securities available for sale at estimated fair value:

Non-redeemable preferred stock	$ 20,281	$ -	$ (1,486)	$ 18,795

Common stock:

Industrial, miscellaneous and all other	6,047,474	309,752	(970,909)	5,386,317

Total securities available for sale carried at estimated fair value	$ 6,067,755	$ 309,752	$ (972,395)	$ 5,405,112

Mortgage loans on real estate and construction loans held for investment at amortized cost:
Residential	$ 50,584,923
Residential construction	3,161,112
Commercial	34,956,031
Less: Allowance for loan losses	(4,239,861)

Total mortgage loans on real estate and construction loans held for investment	$ 84,462,205

Real estate held for investment - net of depreciation	$ 64,254,030

Policy and other loans at amortized cost:
Policy loans	$ 8,075,101
Other loans	12,618,445
Less: Allowance for doubtful accounts	(505,030)

Total policy and other loans at amortized cost	$ 20,188,516

Short-term investments at amortized cost	$ 40,925,390

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19, 20, 21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 17
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 21
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 2: Investments: Schedule of Unrealized Loss on Investments (Tables)

12 Months Ended

Dec. 31, 2013

Fixed Maturities

Schedule of Unrealized Loss on Investments

	Unrealized Losses for Less than Twelve Months	No. of Investment Positions	Unrealized Losses for More than Twelve Months	No. of Investment Positions	Total Unrealized Loss
At December 31, 2013
Redeemable Preferred Stock	$ 5,900	1	$ -	0	$ 5,900
Obligations of States and
Political Subdivisions	7,131	1	2,273	1	9,404
Corporate Securities	1,134,415	72	260,504	10	1,394,919
Mortgage and other
asset-backed securities	3,109	1	8,242	1	11,351
Total unrealized losses	$ 1,150,555	75	$ 271,019	12	$ 1,421,574
Fair Value	$ 22,002,277		$ 2,308,464		$ 24,310,741

At December 31, 2012
Redeemable Preferred Stock	$ 1,200	1	$ -	0	$ 1,200
Obligations of States and
Political Subdivisions	-	0	3,982	2	3,982
Corporate Securities	191,662	16	415,660	9	607,322
Mortgage and other
asset-backed securities	-	0	76,056	3	76,056
Total unrealized losses	$ 192,862	17	$ 495,698	14	$ 688,560
Fair Value	$ 4,609,268		$ 3,972,091		$ 8,581,359

Equity Securities

Schedule of Unrealized Loss on Investments

	Unrealized Losses for Less than Twelve Months	No. of Investment Positions	Unrealized Losses for More than Twelve Months	No. of Investment Positions	Total Unrealized Losses
At December 31, 2013
Non-redeemable preferred stock	$ -	0	$ -	0	$ -
Industrial, miscellaneous and all other	119,449	28	405,936	28	525,386
Total unrealized losses	$ 119,449	28	$ 405,936	28	$ 525,386
Fair Value	$ 993,612		$ 772,345		$ 1,765,957

At December 31, 2012
Non-redeemable preferred stock	$ 686	1	$ 800	1	$ 1,486
Industrial, miscellaneous and all other	236,293	39	734,616	44	970,909
Total unrealized losses	$ 236,979	40	$ 735,416	45	$ 972,395
Fair Value	$ 1,422,436		$ 1,493,538		$ 2,915,974

Note 2: Investments: Investments Classified by Contractual Maturity Date (Tables)

12 Months Ended

Dec. 31, 2013

Held-to-maturity Securities

Investments Classified by Contractual Maturity Date

	Amortized	Estimated Fair
	Cost	Value
Held to Maturity:
Due in 2014	$ 4,045,462	$ 4,138,092
Due in 2015 through 2018	28,050,184	31,240,450
Due in 2019 through 2023	38,927,206	42,074,139
Due after 2023	67,309,538	70,485,075
Mortgage-backed securities	4,522,081	4,717,347
Redeemable preferred stock	612,023	619,117
Total held to maturity	$ 143,466,494	$153,274,220

Available-for-sale Securities

Investments Classified by Contractual Maturity Date

	Amortized	Estimated Fair
	Cost	Value
Available for Sale:
Due in 2014	$ -	$ -
Due in 2015 through 2018	-	-
Due in 2019 through 2023	-	-
Due after 2023	-	-
Non-redeemable preferred stock	-	-
Common stock	4,783,936	4,498,756
Total available for sale	$ 4,783,936	$ 4,498,756

Note 2: Investments: Gain (Loss) on Investments (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Gain (Loss) on Investments

	2013	2012	2011
Fixed maturity securities held
to maturity:
Gross realized gains	$ 97,238	$ 470,874	$ 939,672
Gross realized losses	(41,164)	(3,875)	(162,716)
Other than temporary impairments	(120,000)	(165,000)	(125,129)

Securities available for sale:
Gross realized gains	540,990	392,033	590,455
Gross realized losses	(2,678)	(5,705)	(118,417)
Other than temporary impairments	(100,304)	(247,317)	(52,775)

Other assets:
Gross realized gains	824,203	794,346	1,295,217
Gross realized losses	(538)	(223,163)	(79,858)
Other than temporary impairments	(115,922)	(795,315)	(662,831)
Total	$ 1,081,825	$ 216,878	$ 1,623,618

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (c)-(e)
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 7, 13, 16, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 12
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 21
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section M

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 2: Investments: Schedule of Major categories of net investment income (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Major categories of net investment income

	2013	2012	2011
Fixed maturity securities	$ 8,265,949	$ 7,731,051	$ 7,762,894
Equity securities	210,491	264,063	272,011
Mortgage loans on real estate	4,666,910	5,543,777	5,422,399
Real estate	6,658,185	4,927,128	3,741,263
Policy, student and other loans	799,703	830,683	835,312
Short-term investments, principally gains on sale of mortgage loans	8,952,584	8,716,257	6,255,581
Gross investment income	29,553,822	28,012,959	24,289,460
Investment expenses	(9,199,820)	(6,097,382)	(5,719,383)
Net investment income	$ 20,354,002	$ 21,915,577	$ 18,570,077

Note 2: Investments: The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented:

Allowance for Credit Losses and Recorded Investment in Mortgage Loans
For the Years Ended December 31, 2013, and 2012

	Commercial	Residential	Residential Construction	Total
2013
Allowance for credit losses:
Beginning balance	$ -	$ 4,193,674	$ 46,187	$ 4,239,861
Charge-offs	-	(2,670,794)	(137,629)	(2,808,423)
Provision	187,129	(158,033)	191,556	220,652
Ending balance	$ 187,129	$ 1,364,847	$ 100,114	$ 1,652,090

Ending balance: individually evaluated for impairment	$ -	$ 152,745	$ -	$ 152,745

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,212,102	$ 100,114	$ 1,499,345

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

Mortgage loans:
Ending balance	$ 41,653,009	$ 49,868,486	$ 12,912,473	$ 104,433,968

Ending balance: individually evaluated for impairment	$ -	$ 1,518,327	$ -	$ 1,518,327

Ending balance: collectively evaluated for impairment	$ 41,653,009	$ 48,350,159	$ 12,912,473	$ 102,915,641

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

2012
Allowance for credit losses:
Beginning balance	$ -	$ 4,338,805	$ 542,368	$ 4,881,173
Charge-offs	-	(560,699)	(514,442)	(1,075,141)
Provision	-	415,568	18,261	433,829
Ending balance	$ -	$ 4,193,674	$ 46,187	$ 4,239,861

Ending balance: individually evaluated for impairment	$ -	$ 692,199	$ -	$ 692,199

Ending balance: collectively evaluated for impairment	$ -	$ 3,501,475	$ 46,187	$ 3,547,662

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

Mortgage loans:
Ending balance	$ 34,956,031	$ 50,584,923	$ 3,161,112	$ 88,702,066

Ending balance: individually evaluated for impairment	$ -	$ 4,692,517	$ 1,346,126	$ 6,038,643

Ending balance: collectively evaluated for impairment	$ 34,956,031	$ 45,892,406	$ 1,814,986	$ 82,663,423

Ending balance: loans acquired with deteriorated credit quality	$ -	$ -	$ -	$ -

Note 2: Investments: Schedule of aging of mortgage loans (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of aging of mortgage loans

Age Analysis of Past Due Mortgage Loans
Years Ended December 31, 2013 and 2012

	30-59 Days Past Due	60-89 Days Past Due	Greater Than 90 Days 1)	In Foreclosure 1)	Total Past Due	Current	Total Mortgage Loans	Allowance for Loan Losses	Net Mortgage Loans
2013
Commercial	$ -	$ -	$ -	$ 4,973,745	$ 4,973,745	$ 36,679,264	$ 41,653,009	$ (187,129)	$ 41,465,880
Residential	1,646,953	1,604,847	5,867,501	1,518,327	10,637,628	39,230,858	49,868,486	(1,364,847)	48,503,639
Residential Construction	-	-	64,895	-	64,895	12,847,578	12,912,473	(100,114)	12,812,359

Total	$ 1,646,953	$ 1,604,847	$ 5,932,396	$ 6,492,072	$ 15,676,268	$ 88,757,700	$ 104,433,968	$ (1,652,090)	$ 102,781,878

2012
Commercial	$ 581,984	$ -	$ 143,252	$ -	$ 725,236	$ 34,230,795	$ 34,956,031	$ -	$ 34,956,031
Residential	2,963,259	1,345,247	5,208,742	4,692,517	14,209,765	36,375,158	50,584,923	(4,193,674)	46,391,249
Residential Construction	-	-	288,468	1,346,126	1,634,594	1,526,518	3,161,112	(46,187)	3,114,925

Total	$ 3,545,243	$ 1,345,247	$ 5,640,462	$ 6,038,643	$ 16,569,595	$ 72,132,471	$ 88,702,066	$ (4,239,861)	$ 84,462,205

1) There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

Note 2: Investments: Schedule of Impaired Mortgage Loans (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Impaired Mortgage Loans

Impaired Loans
For the Years Ended December 31, 2013, and 2012

	Recorded Investment	Unpaid Principal Balance	Related Allowance	Average Recorded Investment	Interest Income Recognized
2013
With no related allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	-	-	-	-	-
Residential construction	-	-	-	-	-

With an allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	1,518,327	1,518,327	152,745	1,518,327	-
Residential construction	-	-	-	-	-

Total:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	1,518,327	1,518,327	152,745	1,518,327	-
Residential construction	-	-	-	-	-

2012
With no related allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	-	-	-	-	-
Residential construction	1,346,126	1,346,126	-	1,346,126	-

With an allowance recorded:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	4,692,517	4,692,517	692,199	4,692,517	-
Residential construction	-	-	-	-	-

Total:
Commercial	$ -	$ -	$ -	$ -	$ -
Residential	4,692,517	4,692,517	692,199	4,692,517	-
Residential construction	1,346,126	1,346,126	-	1,346,126	-

Note 2: Investments: The Company's Performing and Non-performing Mortgage Loans Were As Follows (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

The Company's Performing and Non-performing Mortgage Loans Were As Follows:

The Company’s performing and non-performing mortgage loans were as follows:

Mortgage Loan Credit Exposure
Credit Risk Profile Based on Payment Activity
As of December 31, 2013, and 2012

	Commercial		Residential		Residential Construction		Total
	2013	2012	2013	2012	2013	2012	2013	2012

Performing	$ 36,679,264	$ 34,812,779	$ 42,482,658	$ 40,683,664	$ 12,847,578	$ 1,526,518	$ 92,009,500	$ 77,022,961
Non-performing	4,973,745	143,252	7,385,828	9,901,259	64,895	1,634,594	12,424,468	11,679,105

Total	$ 41,653,009	$ 34,956,031	$ 49,868,486	$ 50,584,923	$ 12,912,473	$ 3,161,112	$ 104,433,968	$ 88,702,066

Note 2: Investments: Schedule of Mortgate loans on a nonaccrual status (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Mortgate loans on a nonaccrual status

	Mortgage Loans on Non-accrual Status
	As of December 31, 2013, and 2012

	2013	2012
Commercial	$ 4,973,745	$ 143,252
Residential	7,385,828	9,901,259
Residential construction	64,895	1,634,594
Total	$ 12,424,468	$ 11,679,105

Note 2: Investments: Schedule of Principal amounts due on mortgage loans on real estate and construction loans held for investment by category (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Principal amounts due on mortgage loans on real estate and construction loans held for investment by category

		Principal	Principal	Principal
		Amounts	Amounts	Amounts
		Due in	Due in	Due
	Total	2014	2015-2018	Thereafter
Residential	$ 49,868,486	$ 1,137,636	$ 13,466,462	$ 35,264,388
Residential Construction	12,912,473	12,445,469	467,004	-
Commercial	41,653,009	18,046,708	14,103,421	9,502,880
Total	$ 104,433,968	$ 31,629,813	$ 28,036,887	$ 44,767,268

Note 2: Investments: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of loan loss reserve which is included in other liabilities and accrued expenses

	Years Ended December 31
	2013	2012
Balance, beginning of period	$ 6,035,295	$ 2,337,875
Provisions for losses	1,846,285	4,053,051
Charge-offs	(2,375,048)	(355,631)
Balance, at December 31	$ 5,506,532	$ 6,035,295

Note 3: Receivables: Schedule of Receivables (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Receivables

Receivables consist of the following:

	Years Ended December 31
	2013	2012
Trade contracts	$ 9,993,755	$ 14,968,859
Receivables from sales agents	994,056	649,739
Held in Escrow – Southern Security	312,167	342,377
Other	1,601,227	1,788,894
Total receivables	12,901,205	17,749,869
Allowance for doubtful accounts	(1,248,633)	(1,190,592)
Net receivables	$ 11,652,572	$ 16,559,277

Note 4: Value of Business Acquired: Schedule of Value of Business Acquired (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Value of Business Acquired

		December 31
	2013	2012	2011
Balance at beginning of year	$ 9,829,082	$ 10,996,050	$ 8,996,134
Value of business acquired	192,035	48,190	3,145,116
Imputed interest at 7%	647,848	728,880	701,349
Amortization	(1,988,120)	(1,944,038)	(1,846,549)
Net amortization charged to income	(1,340,272)	(1,215,158)	(1,145,200)
Balance at end of year	$ 8,680,845	$ 9,829,082	$ 10,996,050

Note 5: Property and Equipment: Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Property, Plant and Equipment

	December 31
	2013	2012
Land and buildings	$ 12,482,082	$ 14,782,646
Furniture and equipment	14,301,713	13,226,209
	26,783,795	28,008,855
Less accumulated depreciation	(15,260,635)	(16,974,898)
Total	$ 11,523,160	$ 11,033,957

Note 6: Bank and Other Loans Payable: Summary of Bank Loans Payable (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Summary of Bank Loans Payable

	December 31
	2013	2012
6.34% note payable in monthly installments of $13,556 including principal and interest, collateralized by real property with a book value of approximately $498,000, due November 2017.	$ 612,068	$ 748,612

5.75% note payable in monthly installments of $28,271 including principal and interest, collateralized by real property with a book value of approximately $6,033,000 due December 2014.	3,509,944	3,643,192

Bank prime rate less .75% (2.50% at December 31, 2013) note payable in quarterly installments of $75,000 plus interest collateralized by shares of Security National Life Insurance Company stock, paid in full in 2013.	-	225,000

Mark to market of interest rate swaps (discussed below) adjustment	58,310	93,572

3.85% note payable in monthly installments of $79,468 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due June 2015.	1,377,925	2,258,968

3.85% note payable in monthly installments of $86,059 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2017.	3,891,926	-

4.40% note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,450,000 due January 2026.	8,500,000	-

Revolving line-of-credit, interest payable at the prime rate minus .75% (2.5% as of December 31, 2013) secured by shares of Security National Life Insurance Company stock, matures June 2014.	-	4,608,204

Other collateralized bank loans payable	338,304	331,834
Other notes payable	961	961
Total bank and other loans	18,289,438	11,910,343

Less current installments	5,849,926	6,266,765
Bank and other loans, excluding current installments	$ 12,439,512	$ 5,643,578

Note 6: Bank and Other Loans Payable: Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable

The following tabulation shows the combined maturities of bank loans payable, lines of credit and notes and contracts payable:

2014	$ 5,849,926
2015	1,748,708
2016	1,399,264
2017	1,504,037
2018	247,065
Thereafter	7,540,438
Total	$ 18,289,438

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds: Schedule of the components of the cemetery perpetual care obligation (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of the components of the cemetery perpetual care obligation

	December 31
	2013	2012
Trust investments, at market value	$ 2,414,883	$ 2,090,111
Note receivables from Cottonwood Mortuary
Singing Hills Cemetery and Memorial Estates - Pinehill
eliminated in consolidation	1,881,565	1,927,926
Total trust assets	4,296,448	4,018,037
Cemetery perpetual care obligation	(3,266,131)	(3,153,001)
Fair value of trust assets in excess of trust obligations	$ 1,030,317	$ 865,036

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds

	December 31
	2013	2012
Cash and cash equivalents	$ 4,746,417	$ 7,617,143
Mutual funds	582,163	504,170
Fixed maturity securities	8,775	8,775
Equity securities	84,986	81,242
Participating in mortgage loans with Security National Life	1,248,639	1,155,628
Total	$ 6,670,980	$ 9,366,958

Note 8: Income Taxes: Summary of Income Tax Liability (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Summary of Income Tax Liability

	December 31
	2013	2012
Current	$ (1,578,071)	$ 613,328
Deferred	17,529,919	17,309,970
Total	$ 15,951,848	$ 17,923,298

Note 8: Income Taxes: Schedule of components of Deferred Tax Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of components of Deferred Tax Liabilities

	December 31
	2013	2012
Assets
Future policy benefits	$ (5,381,385)	$ (4,160,489)
Loan loss reserve	(2,147,547)	(2,353,765)
Unearned premium	(1,759,087)	(1,830,492)
Available for sale securities	(566,316)	(599,528)
Net operating loss	(873,412)	(1,099,500)
Deferred compensation	(1,057,551)	(1,238,270)
Deposit obligations	(1,043,964)	(1,060,205)
Other	(1,287,773)	(1,090,409)
Less: Valuation allowance	5,593,063	6,328,931
Total deferred tax assets	(8,523,972)	(7,103,727)

Liabilities
Deferred policy acquisition costs	10,914,618	9,945,683
Basis difference in property and equipment	6,242,266	5,739,272
Value of business acquired	2,951,487	3,341,888
Deferred gains	3,545,692	2,790,709
Trusts	1,599,657	1,599,657
Tax on unrealized appreciation	800,171	996,488
Total deferred tax liabilities	26,053,891	24,413,697
Net deferred tax liability	$ 17,529,919	$ 17,309,970

Note 8: Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Components of Income Tax Expense (Benefit)


	2013	2012	2011
Current	$ 1,821,539	$ 2,707,962	$ 130,526
Deferred	416,267	1,930,813	(192,731)
Total	$ 2,237,806	$ 4,638,775	$ (62,205)

Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

	2013	2012	2011
Computed expense at statutory rate	$ 3,340,067	$ 7,472,953	$ 410,225
Special deductions allowed
small life insurance companies	-	-	(503,672)
Tax audit settlements	20,371	-	-
Other, net	(1,122,632)	(2,834,178)	31,242
Tax expense (benefit)	$ 2,237,806	$ 4,638,775	$ (62,205)

Note 9: Reinsurance, Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Future Minimum Rental Payments for Operating Leases

Years Ending
December 31
2014	3,104,498
2015	2,444,254
2016	1,758,888
2017	1,326,789
2018		241,697
Total	$ 8,876,126

Note 11: Capital Stock: Schedule of Activity in shares of capital stock (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Activity in shares of capital stock

	Class A	Class C
Balance at December 31, 2010	9,178,945	9,660,152

Exercise of stock options	-	-
Stock dividends	459,168	482,675
Conversion of Class C to Class A	685	(6,851)

Balance at December 31, 2011	9,638,798	10,135,976

Exercise of stock options	685,753	318,912
Stock dividends	518,702	522,440
Conversion of Class C to Class A	323	(3,227)

Balance at December 31, 2012	10,843,576	10,974,101

Exercise of stock options	359,786	2,112,110
Stock dividends	562,152	633,424
Conversion of Class C to Class A	41,773	(417,727)

Balance at December 31, 2013	11,807,287	13,301,908

Note 11: Capital Stock: Schedule of Basic and diluted earnings per share (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Basic and diluted earnings per share

	2013	2012	2011
Numerator:
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758

Denominator:
Denominator for basic earnings
per share-weighted-average shares	11,751,428	10,812,967	10,572,201

Effect of dilutive securities
Employee stock options	586,235	570,744	113,344
Dilutive potential common shares	586,235	570,744	113,344

Denominator for diluted earnings (loss)
per share-adjusted weighted-average
shares and assumed conversions	12,337,663	11,383,711	10,685,545

Basic earnings (loss) per share	$0.65	$1.55	$0.12
Diluted earnings (loss) per share	$0.61	$1.47	$0.12

Note 12: Stock Compensation Plans: Schedule of Activity of the 2003 Plan (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Activity of the 2003 Plan

Activity of the stock option plans is summarized as follows:
	Number of Class A Shares	Weighted Average Exercise Price	Number of Class C Shares(1)	Weighted Average Exercise Price(1)
Outstanding at December 31, 2010	1,596,095	$ 2.61	3,438,355	$ 2.38
Adjustment for the effect of stock dividends	95,073		171,920
Granted	346,500		-
Exercised	-		-
Cancelled	(41,125)		-

Outstanding at December 31, 2011	1,996,543	$ 2.40	3,610,275	$ 2.20
Adjustment for the effect of stock dividends	43,928		245,145
Granted	347,000		-
Exercised	(1,041,276)		(525,000)
Cancelled	(123,134)		-
Reclass from A to C	(250,808)		2,508,085

Outstanding at December 31, 2012	972,253	$ 2.07	5,838,505	$ 2.18
Adjustment for the effect of stock dividends	17,962		242,217
Granted	81,960		500,000
Exercised	(485,366)		(1,906,022)
Cancelled	(76,676)		(638,138)
Reclass from A to C	(105,000)		1,050,000

Outstanding at December 31, 2013	405,133	$ 2.41	5,086,562	$ 2.00

Exercisable at end of year	319,009	$ 1.82	4,561,562	$ 1.65

Available options for future grant	312,642		1,050,000

Weighted average contractual term of options
outstanding at December 31, 2013	7.23 years		2.61 years

Weighted average contractual term of options
exercisable at December 31, 2013	6.51 years		2.34 years

Aggregated intrinsic value of options outstanding
at December 31, 2013	$893,398		$1,340,147

Aggregated intrinsic value of options exercisable
at December 31, 2013	$893,172		$1,340,147

(1) Class “C” shares are converted to Class “A” shares on a 10 to 1 ratio. The Weighted Average Exercise Price is based on Class A Common shares.

13) Statutory Financial Information and Dividend Limitations: Schedule of statutory accounting practices (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of statutory accounting practices

	Net Income			Capital and Surplus
	2013	2012	2011	2013	2012
Amounts by insurance subsidiary:
Security National Life Insurance Company	$ 1,283,311	$ 391,533	$ (34,795)	$ 29,597,289	$ 29,828,732

Memorial Insurance Company of America	237	159	(1,994)	1,083,237	1,084,067

Southern Security Life Insurance Company, Inc.	1,288	184	971	1,586,832	1,583,524

Trans-Western Life Insurance Company	1,906	2,113	-	497,878	495,972

Total	$ 1,286,742	$ 393,989	$ (35,818)	$ 32,765,236	$ 32,992,295

Note 14: Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Segment Reporting Information, by Segment

	2013
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 51,322,567	$ 12,000,375	$ 127,950,021	$ -	$ 191,272,963
Net investment income	15,877,784	268,923	4,207,295	-	20,354,002
Realized gains (losses) on
investments and other assets	1,402,352	15,699	-	-	1,418,051
Other than temporary impairments	(336,226)	-	-	-	(336,226)
Other revenues	538,009	94,703	1,973,518	-	2,606,230
Intersegment revenues:
Net investment income	7,220,282	1,356,825	262,074	(8,839,181)	-
Total revenues	76,024,768	13,736,525	134,392,908	(8,839,181)	215,315,020
Expenses:
Death and other policy benefits	28,534,936	-	-	-	28,534,936
Increase in future policy benefits	19,594,890	-	-	-	19,594,890
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	4,811,300	370,537	-	-	5,181,837
Depreciation	401,893	426,641	792,535	-	1,621,069
General, administrative and
other costs:
Intersegment	24,000	141,367	199,193	(364,560)	-
Provision for loan losses	-	-	1,751,472	-	1,751,472
Costs related to funding mortgage
loans	-	-	6,635,290	-	6,635,290
Other	18,753,753	10,467,717	110,096,627	1	139,318,098
Interest expense:
Intersegment	802,352	1,664,096	6,008,174	(8,474,622)	-
Other	233,343	443,133	2,177,225	-	2,853,701
Total benefits and expenses	73,156,467	13,513,491	127,660,516	(8,839,181)	205,491,293
Earnings (losses) before income taxes	$ 2,868,301	$ 223,034	$ 6,732,392	$ -	$ 9,823,727
Income tax (expense) benefit	399,304	-	(2,637,110)	-	(2,237,806)
Net earnings (losses)	$ 3,267,605	$ 223,034	$ 4,095,282	$ -	$ 7,585,921

Identifiable assets	$ 591,465,834	$ 114,454,631	$ 50,250,677	$ (137,413,688)	$ 618,757,454

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 659,259	$ 1,100,195	$ 1,810,879	$ -	$ 3,570,333

	2012
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 49,550,904	$ 10,864,497	$ 150,553,261	$ -	$ 210,968,662
Net investment income	16,616,541	333,625	4,965,411	-	21,915,577
Realized gains (losses) on
investments and other assets	1,415,556	8,954	-	-	1,424,510
Other than temporary impairments	(1,207,632)	-	-	-	(1,207,632)
Other revenues	482,325	136,189	540,538	-	1,159,052
Intersegment revenues:
Net investment income	7,570,979	1,435,891	294,980	(9,301,850)	-
Total revenues	74,428,673	12,779,156	156,354,190	(9,301,850)	234,260,169
Expenses:
Death and other policy benefits	24,246,088	-	-	-	24,246,088
Increase in future policy benefits	21,435,191	-	-	-	21,435,191
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,137,586	311,843	-	-	5,449,429
Depreciation	315,960	426,006	516,131	-	1,258,097
General, administrative and
other costs:
Intersegment	24,000	102,726	137,696	(264,422)	-
Provision for loan losses	-	-	4,239,418	-	4,239,418
Costs related to funding mortgage
loans	-	-	6,931,045	-	6,931,045
Other	17,824,800	9,582,499	118,198,014	2	145,605,315
Interest expense:
Intersegment	694,442	1,681,987	6,661,001	(9,037,430)	-
Other	159,659	455,449	3,129,185	-	3,744,293
Total benefits and expenses	69,837,726	12,560,510	139,812,490	(9,301,850)	212,908,876
Earnings (losses) before income taxes	$ 4,590,947	$ 218,646	$ 16,541,700	$ -	$ 21,351,293
Income tax (expense) benefit	1,755,258	-	(6,394,033)	-	(4,638,775)
Net earnings (losses)	$ 6,346,205	$ 218,646	$ 10,147,667	$ -	$ 16,712,518

Identifiable assets	$ 558,845,424	$ 116,368,747	$ 55,613,678	$ (133,611,226)	$ 597,216,623

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 400,605	$ 689,154	$ 2,131,861	$ -	$ 3,221,620

	2011
	Life	Cemetery/		Reconciling
	Insurance	Mortuary	Mortgage	Items	Consolidated
Revenues:
From external sources:
Revenue from customers	$ 49,898,032	$ 10,761,469	$ 77,605,105	$ -	$ 138,264,606
Net investment income	15,855,355	159,186	2,555,536	-	18,570,077
Realized gains (losses) on
investments and other assets	1,596,127	868,226	-	-	2,464,353
Other than temporary impairments	(840,735)	-	-	-	(840,735)
Other revenues	712,400	147,830	248,739	-	1,108,969
Intersegment revenues:
Net investment income	5,832,691	1,691,197	258,062	(7,781,950)	-
Total revenues	73,053,870	13,627,908	80,667,442	(7,781,950)	159,567,270
Expenses:
Death and other policy benefits	23,945,720	-	-	-	23,945,720
Increase in future policy benefits	22,258,241	-	-	-	22,258,241
Amortization of deferred policy and preneed acquisition costs and
value of business acquired	5,396,016	373,332	-	-	5,769,348
Depreciation	479,634	520,015	499,389	-	1,499,038
General, administrative and
other costs:
Intersegment	24,000	103,494	130,011	(257,505)	-
Provision for loan losses	-	-	2,070,399	-	2,070,399
Costs related to funding mortgage
loans	-	-	4,240,377	-	4,240,377
Other	17,472,713	9,827,197	69,286,435	-	96,586,345
Interest expense:
Intersegment	668,047	1,905,559	4,950,839	(7,524,445)	-
Other	111,221	437,736	1,412,292	-	1,961,249
Total benefits and expenses	70,355,592	13,167,333	82,589,742	(7,781,950)	158,330,717
Earnings (losses) before income taxes	$ 2,698,278	$ 460,575	$ (1,922,300)	$ -	$ 1,236,553
Income tax (expense) benefit	(734,626)	-	796,831	-	62,205
Net earnings (losses)	$ 1,963,652	$ 460,575	$ (1,125,469)	$ -	$ 1,298,758

Identifiable assets	$ 504,744,743	$ 116,453,434	$ 27,913,480	$ (126,061,216)	$ 523,050,441

Goodwill	$ 391,848	$ 285,191	$ -	$ -	$ 677,039

Expenditures for long-lived assets	$ 136,742	$ 255,116	$ 373,775	$ -	$ 765,633

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

16) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Tables)

12 Months Ended

Dec. 31, 2013

As Of December 31 2013

Schedule of fair value assets and liabilities measured on a recurring basis

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Common stock	$ 4,498,756	$ 4,498,756	$ -	$ -
Total securities available for sale	4,498,756	4,498,756	-	-
Restricted assets of cemeteries and mortuaries	667,149	667,149	-	-
Cemetery perpetual care trust investments	695,616	695,616	-	-
Derivatives - interest rate lock commitments	1,511,111	-	-	1,511,111
Total assets accounted for at fair value on a recurring basis	$ 7,372,632	$ 5,861,521	$ -	$ 1,511,111

Liabilities accounted for at fair value on a recurring basis
Policyholder account balances	$ (48,000,668)	$ -	$ -	$ (48,000,668)
Future policy benefits - annuities	(65,052,928)	-	-	(65,052,928)
Derivatives - bank loan interest rate swaps	(58,310)	-	-	(58,310)
- call options	(124,174)	(124,174)	-	-
- interest rate lock commitments	(23,203)	-	-	(23,203)
Total liabilities accounted for at fair value on a recurring basis	$ (113,259,283)	$ (124,174)	$ -	$ (113,135,109)

AsOfDecember312012Member

Schedule of fair value assets and liabilities measured on a recurring basis

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a recurring basis
Non-redeemable preferred stock	$ 18,795	$ 18,795	$ -	$ -
Common stock	5,386,317	5,386,317	-	-
Total securities available for sale	5,405,112	5,405,112	-	-
Restricted assets of cemeteries and mortuaries	585,412	585,412	-	-
Cemetery perpetual care trust investments	626,048	626,048	-	-
Derivatives - interest rate lock commitments	3,127,689	-	-	3,127,689
Total assets accounted for at fair value on a recurring basis	$ 9,744,261	$ 6,616,572	$ -	$ 3,127,689

Liabilities accounted for at fair value on a recurring basis
Policyholder account balances	$ (49,746,337)	$ -	$ -	$ (49,746,337)
Future policy benefits - annuities	(65,171,687)	-	-	(65,171,687)
Derivatives - bank loan interest rate swaps	(93,572)	-	-	(93,572)
- call options	(126,215)	(126,215)	-	-
- interest rate lock commitments	(166,224)	-	-	(166,224)
Total liabilities accounted for at fair value on a recurring basis	$ (115,304,035)	$ (126,215)	$ -	$ (115,177,820)

16) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)

12 Months Ended

Dec. 31, 2013

AsOfDecember312012Member

Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs:

	Policyholder Account Balances	Future Policy Benefits - Annuities	Interest Rate Lock Commitments	Bank Loan Interest Rate Swaps

Balance - December 31, 2012	$ (49,746,337)	$ (65,171,687)	$ 2,961,465	$ (93,572)

Total Losses (Gains):

Included in earnings	1,745,669	118,759	-	-

Included in other
comprehensive income (loss)	-	-	(1,473,557)	35,262

Balance - December 31, 2013	$ (48,000,668)	$ (65,052,928)	$ 1,487,908	$ (58,310)

as of December 31, 2011

Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

Following is a summary of changes in the consolidated balance sheet line items measured using level 3 inputs:

	Policyholder Account Balances	Future Policy Benefits - Annuities	Interest Rate Lock Commitments	Bank Loan Interest Rate Swaps

Balance - December 31, 2011	$ (50,926,020)	$ (65,281,586)	$ 1,694,541	$ (117,812)

Total Losses (Gains):

Included in earnings	1,179,683	109,899	-	-

Included in other
comprehensive income (loss)	-	-	1,266,924	24,240

Balance - December 31, 2012	$ (49,746,337)	$ (65,171,687)	$ 2,961,465	$ (93,572)

16) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Tables)

12 Months Ended

Dec. 31, 2013

As Of December 31 2013

Fair Value Assets Measured on a Nonrecurring Basis

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a nonrecurring basis
Mortgage servicing rights	$ 5,291,724	$ -	$ -	$ 5,291,724
Mortgage loans on real estate	89,000	-	-	89,000
Other real estate owned held for investment	660,784	-	-	660,784
Total assets accounted for at fair value on a nonrecurring basis	$ 6,041,508	$ -	$ -	$ 6,041,508

AsOfDecember312012Member

Fair Value Assets Measured on a Nonrecurring Basis

	Total	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Assets accounted for at fair value on a nonrecurring basis
Mortgage servicing rights	$ 2,797,470	$ -	$ -	$ 2,797,470
Mortgage loans on real estate	4,621,500	-	-	4,621,500
Other real estate owned held for investment	985,219	-	-	985,219
Total assets accounted for at fair value on a nonrecurring basis	$ 8,404,189	$ -	$ -	$ 8,404,189

16) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

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:
Residential	$ 48,503,639	$ -	$ -	$ 51,537,154	$ 51,537,154
Residential construction	12,812,359	-	-	12,812,359	12,812,359
Commercial	41,465,880	-	-	42,441,268	42,441,268
Mortgage loans, net	$ 102,781,878	$ -	$ -	$ 106,790,781	$ 106,790,781
Policy loans	7,520,376	-	-	7,520,376	7,520,376
Other loans	12,203,630	-	-	12,203,630	12,203,630
Short-term investments	12,135,719	-	-	12,135,719	12,135,719

Liabilities
Bank and other loans payable	$ 18,231,128	$ -	$ -	$ 18,231,128	$ 18,231,128

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, 2012:

	Carrying Value	Level 1	Level 2	Level 3	Total Estimated Fair Value
Assets
Mortgage loans:
Residential	$ 46,391,249	$ -	$ -	$ 50,266,965	$ 50,266,965
Residential construction	3,114,925	-	-	3,114,925	3,114,925
Commercial	34,956,031	-	-	35,475,500	35,475,500
Mortgage loans, net	$ 84,462,205	$ -	$ -	$ 88,857,390	$ 88,857,390
Policy loans	8,075,101	-	-	8,075,101	8,075,101
Other loans	12,113,415	-	-	12,113,415	12,113,415
Short-term investments	40,925,390	-	-	40,925,390	40,925,390

Liabilities
Bank and other loans payable	$ 11,816,771	$ -	$ -	$ 11,816,771	$ 11,816,771

17) Accumulated Other Comprehensive Income: Schedule of Changes in accumulated other comprehensive income (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Changes in accumulated other comprehensive income

	December 31
	2013	2012
Unrealized losses on available for-sale securities	$ (12,299)	$ (28,700)
Reclassification adjustment for net realized gains in net income	538,311	386,328
Net unrealized gains before taxes	526,012	357,628
Tax (expense) benefit	(221,221)	70,120
Net	304,791	427,748
Potential unrealized gains for derivative bank loans (interest rate swaps) before taxes	35,262	24,240
Tax expense	(9,073)	(8,242)
Net	26,189	15,998
Potential unrealized gains (losses) for derivative mortgage loans before taxes	(1,473,557)	1,266,924
Tax (expense) benefit	426,614	(430,754)
Net	(1,046,943)	836,170
Other comprehensive income (loss) changes	$ (715,963)	$ 1,279,916

17) Accumulated Other Comprehensive Income: Accumulated Balances of Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2013

As Of December 31 2013

Accumulated Balances of Other Comprehensive Income

	Beginning Balance December 31, 2012	Change for the period	Ending Balance December 31, 2013
Unrealized net gains on available-for-sale securities and trust investments	$ 41,550	$ 304,791	$ 346,341

Unrealized gains (losses) on derivative mortgage loans	1,954,567	(1,046,943)	907,624

Unrealized gains (losses) on derivative bank loan interest rate swaps	(61,758)	26,189	(35,569)
Other comprehensive income	$ 1,934,359	$ (715,963)	$ 1,218,396

AsOfDecember312012Member

Accumulated Balances of Other Comprehensive Income

	Beginning Balance December 31, 2011	Change for the period	Ending Balance December 31, 2012
Unrealized net gains (losses) on available-for-sale securities and trust investments	$ (386,198)	$ 427,748	$ 41,550

Unrealized gains on derivative mortgage loans	1,118,397	836,170	1,954,567

Unrealized gains (losses) on derivative bank loan interest rate swaps	(77,756)	15,998	(61,758)
Other comprehensive income	$ 654,443	$ 1,279,916	$ 1,934,359

Note 18: Derivative Commitments: Schedule of Derivative Assets at Fair Value (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Derivative Assets at Fair Value

The following table shows the fair value of derivatives as of December 31, 2013 and December 31, 2012.

Fair Value of Derivative Instruments

Asset Derivatives

Liability Derivatives

December 31, 2013

December 31, 2012

December 31, 2013

December 31, 2012

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate lock and forward sales commitments

other assets

$1,511,111

other assets

$ 3,127,689

Other liabilities

$ 23,203

Other liabilities

$ 166,224

Call Options

Other liabilities

124,174

Other liabilities

126,215

Interest rate swaps

Bank loans payable

58,310

Bank loans payable

93,572

Total

$1,511,111

$ 3,127,689

$ 205,687

$ 386,011

Note 18: Derivative Commitments: Schedule of Gains and Losses on Derivatives (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Gains and Losses on Derivatives

	Net Amount Gain (Loss) Recognized in OCI
	Years ended December 31
Derivative - Cash Flow Hedging Relationships:	2013	2012
Interest Rate Lock Commitments	$ (1,473,557)	$ 1,266,924
Interest Rate Swaps	35,262	24,240
Sub Total	(1,438,295)	1,291,164
Tax Effect	(417,541)	438,996
Total	$ (1,020,754)	$ 852,168

19) Acquisitions: The Estimated Fair Values of The Assets Acquired and The Liabilities Assumed At The Date of Acquisition Were As Follows (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

The Estimated Fair Values of The Assets Acquired and The Liabilities Assumed At The Date of Acquisition Were As Follows:

The estimated fair values of the assets acquired and the liabilities assumed at the date of acquisition were as follows:

Cash	$ 313,616
Receivables, net	186,487
Receivable from reinsurers	7,422,999
Total assets acquired	7,923,102
Future life, annuity, and other benefits	(7,422,999)
Other liabilities and accrued expenses	(5,896)
Total liabilities assumed	(7,428,895)
Fair value of net assets acquired	$ 494,207

19) Acquisitions: Acquisition of Trans-Western Pro Forma (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Acquisition of Trans-Western Pro Forma

	For the Year Ended December 31 (unaudited)
	2013	2012	2011
Total revenues	$ 215,315,020	$ 234,268,496	$ 159,620,617
Net earnings	$ 7,585,921	$ 16,713,955	$ 1,314,026
Net earnings per Class A equivalent common share	$ 0.65	$ 1.65	$ 0.13
Net earnings per Class A equivalent common share
assuming dilution	$ 0.61	$ 1.57	$ 0.13

20) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of mortgage servicing rights

The following table presents the MSR activity for 2013 and 2012.

	December 31 2013
	2013	2012
Amortized cost:
Balance before valuation allowance at beginning of year	$ 2,797,470	$ -
MSRs received as proceeds from loan sales	2,494,254	2,797,470
Amortization	(447,623)	-
Application of valuation allowance to write down MSRs with other than temporary impairment	-	-
Balance before valuation allowance at year end	$ 4,844,101	$ 2,797,470

Valuation allowance for impairment of MSRs:
Balance at beginning of year	$ -	$ -
Additions	-	-
Application of valuation allowance to write down MSRs with other than temporary impairment	-	-
Balance at year end	$ -	$ -

Mortgage servicing rights, net	$ 4,844,101	$ 2,797,470

Estimated fair value of MSRs at year end	$ 5,491,270	$ 2,797,470

20) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights Amortization (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Mortgage Servicing Rights Amortization

		Estimated MSR Amortization
2014		$ 587,969
2015		587,969
2016		587,969
2017		587,969
2018		587,969
Thereafter		1,904,256
Total		$ 4,844,101

21) Quarterly Financial Data (unaudited): Schedule of quarterly financial data (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of quarterly financial data

	2013
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 54,852,234	$ 61,332,289	$ 50,552,791	$ 48,577,706
Benefits and expenses	51,624,611	56,862,769	48,588,507	48,415,406
Earnings before income taxes	3,227,623	4,469,520	1,964,284	162,300
Income tax benefit (expense)	(1,194,357)	(1,670,275)	(697,793)	1,324,619
Net earnings	2,033,266	2,799,245	1,266,491	1,486,919
Net earnings per common share	$0.19	$0.25	$0.11	$0.12
Net earnings per common share assuming dilution	$0.17	$0.24	$0.11	$0.12

	2012
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 47,323,223	$ 56,528,210	$ 63,747,903	$ 66,660,832
Benefits and expenses	44,994,631	51,491,833	57,615,608	58,806,804
Earnings before income taxes	2,328,592	5,036,377	6,132,295	7,854,029
Income tax expense	(666,409)	(1,443,345)	(2,142,249)	(386,772)
Net earnings	1,662,183	3,593,032	3,990,046	7,467,257
Net earnings per common share	$0.18	$0.38	$0.42	$0.76
Net earnings per common share assuming dilution	$0.17	$0.36	$0.38	$0.69

	2011
	Three Months Ended
	March 31	June 30	September 30	December 31
Revenues	$ 34,172,180	$ 36,466,418	$ 41,324,687	$ 47,603,985
Benefits and expenses	35,494,762	36,325,240	40,490,197	46,020,518
Earnings (loss) before income taxes	(1,322,582)	141,178	834,490	1,583,467
Income tax benefit (expense)	804,109	63,689	(64,168)	(741,425)
Net earnings (loss)	(518,473)	204,867	770,322	842,042
Net earnings (loss) per common share	($0.06)	$0.02	$0.09	$0.09
Net earnings (loss) per common share assuming dilution	($0.06)	$0.02	$0.09	$0.09

Note 1: Significant Accounting Policies: Advertising Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Advertising Expense	$ 4,850,000	$ 4,065,000	$ 2,237,000

Note 2: Investments: Held-to-maturity Securities (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	$ 143,466,494	$ 129,449,410
Held-to-maturity Securities, Unrecognized Holding Gain	11,229,300	17,456,239
Held-to-maturity Securities, Unrecognized Holding Loss	(1,421,574)	(688,560)
HeldToMaturitySecuritiesEstimatedFairValue	153,274,220	146,217,089
US Treasury and Government
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	2,284,261	2,602,589
Held-to-maturity Securities, Unrecognized Holding Gain	298,901	514,572
HeldToMaturitySecuritiesEstimatedFairValue	2,583,162	3,117,161
US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	1,790,661	2,040,277
Held-to-maturity Securities, Unrecognized Holding Gain	197,340	285,241
Held-to-maturity Securities, Unrecognized Holding Loss	(9,404)	(3,982)
HeldToMaturitySecuritiesEstimatedFairValue	1,978,597	2,321,536
Corporate Debt Securities
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	134,257,468	118,285,147
Held-to-maturity Securities, Unrecognized Holding Gain	10,513,448	16,230,468
Held-to-maturity Securities, Unrecognized Holding Loss	(1,394,919)	(607,322)
HeldToMaturitySecuritiesEstimatedFairValue	143,375,997	133,908,293
Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	4,522,081	5,010,519
Held-to-maturity Securities, Unrecognized Holding Gain	206,617	327,871
Held-to-maturity Securities, Unrecognized Holding Loss	(11,351)	(76,056)
HeldToMaturitySecuritiesEstimatedFairValue	4,717,347	5,262,334
Redeemable Preferred Stock
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	612,023	1,510,878
Held-to-maturity Securities, Unrecognized Holding Gain	12,994	98,087
Held-to-maturity Securities, Unrecognized Holding Loss	(5,900)	(1,200)
HeldToMaturitySecuritiesEstimatedFairValue	$ 619,117	$ 1,607,765

Note 2: Investments: Available-for-sale Securities (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Available-for-sale Securities, Amortized Cost Basis	$ 4,783,936
AvailableForSaleSecuritiesEstimatedFairValue	4,498,756
Mortgage loans on real estate and construction	102,781,878	$ 84,462,205
Mortgage loans on real estate and construction, allowance for losses	(1,652,090)	(4,239,861)
Real estate held for investment, net of depreciation	99,760,475	64,254,030
Policy and other loans at amortised cost	19,724,006	20,188,516
Short-term investments at amortized cost	12,135,719	40,925,390
Residential Mortgage
Mortgage loans on real estate and construction	49,868,486	50,584,923
Residential Construction
Mortgage loans on real estate and construction	12,912,473	3,161,112
Commercial Loan
Mortgage loans on real estate and construction	41,653,009	34,956,031
Policy Loan
Policy and other loans at amortised cost	7,520,376	8,075,101
Other loans
Policy and other loans at amortised cost	12,472,805	12,618,445
Allowance
Policy and other loans at amortised cost	(269,175)	(505,030)
Common Stock
Available-for-sale Securities, Amortized Cost Basis	4,783,936
AvailableForSaleSecuritiesEstimatedFairValue	4,498,756
Industrial, miscellaneous and all other equity securities
Available-for-sale Securities, Amortized Cost Basis	4,783,936	6,047,474
Available-for-sale Securities, Gross Unrealized Gains	240,206	309,752
Available-for-sale Securities, Gross Unrealized Loss	(525,386)	(970,909)
AvailableForSaleSecuritiesEstimatedFairValue	4,498,756	5,386,317
Equity Securities
Available-for-sale Securities, Amortized Cost Basis	4,783,936	6,067,755
Available-for-sale Securities, Gross Unrealized Gains	240,206	309,752
Available-for-sale Securities, Gross Unrealized Loss	(525,386)	(972,395)
AvailableForSaleSecuritiesEstimatedFairValue	$ 4,498,756	5,405,112
Nonredeemable Preferred Stock
Available-for-sale Securities, Amortized Cost Basis		20,281
Available-for-sale Securities, Gross Unrealized Loss		(1,486)
AvailableForSaleSecuritiesEstimatedFairValue		$ 18,795

Note 2: Investments: Schedule of Unrealized Loss on Investments (Details)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Held-to-maturity Securities, Unrecognized Holding Loss	$ 1,421,574	$ 688,560
Held-to-maturity Securities, Fair Value	24,310,741	8,581,359
Available-for-sale Securities, Fair Value Disclosure	1,765,957	2,915,974
Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss	5,900	1,200
US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	9,404	3,982
Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	1,394,919	607,322
Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	11,351	76,056
Nonredeemable Preferred Stock
Available-for-sale Securities, Gross Unrealized Loss		1,486
Industrial, miscellaneous and all other equity securities
Available-for-sale Securities, Gross Unrealized Loss	525,386	970,909
Equity Securities
Available-for-sale Securities, Gross Unrealized Loss	525,386	972,395
Less than 12 months
Held-to-maturity Securities, Unrecognized Holding Loss	$ 1,150,555	$ 192,862
No. of Investment Positions	75	17
Held-to-maturity Securities, Fair Value	$ 22,002,277	$ 4,609,268
Available-for-sale Securities, Fair Value Disclosure	993,612	1,422,436
Less than 12 months \| Redeemable Preferred Stock
Held-to-maturity Securities, Unrecognized Holding Loss	$ 5,900	$ 1,200
No. of Investment Positions	1	1
Less than 12 months \| US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 7,131
No. of Investment Positions	1	0
Less than 12 months \| Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 1,134,415	$ 191,662
No. of Investment Positions	72	16
Less than 12 months \| Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 3,109
No. of Investment Positions	1	0
Less than 12 months \| Nonredeemable Preferred Stock
No. of Investment Positions	0	1
Available-for-sale Securities, Gross Unrealized Loss		$ 686
Less than 12 months \| Industrial, miscellaneous and all other equity securities
No. of Investment Positions	28	39
Available-for-sale Securities, Gross Unrealized Loss	$ 119,449	$ 236,293
Less than 12 months \| Equity Securities
No. of Investment Positions	28	40
Available-for-sale Securities, Gross Unrealized Loss	$ 119,449	$ 236,979
More than 12 months
Held-to-maturity Securities, Unrecognized Holding Loss	$ 271,019	$ 495,698
No. of Investment Positions	12	14
Held-to-maturity Securities, Fair Value	$ 2,308,464	$ 3,972,091
Available-for-sale Securities, Fair Value Disclosure	$ 772,345	$ 1,493,538
More than 12 months \| Redeemable Preferred Stock
No. of Investment Positions	0	0
More than 12 months \| US States and Political Subdivisions Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 2,273	$ 3,982
No. of Investment Positions	1	2
More than 12 months \| Corporate Debt Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 260,504	$ 415,660
No. of Investment Positions	10	9
More than 12 months \| Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Unrecognized Holding Loss	$ 8,242	$ 76,056
No. of Investment Positions	1	3
More than 12 months \| Nonredeemable Preferred Stock
No. of Investment Positions	0	1
Available-for-sale Securities, Gross Unrealized Loss		$ 800
More than 12 months \| Industrial, miscellaneous and all other equity securities
No. of Investment Positions	28	44
Available-for-sale Securities, Gross Unrealized Loss	$ 405,936	$ 734,616
More than 12 months \| Equity Securities
No. of Investment Positions	28	45
Available-for-sale Securities, Gross Unrealized Loss	$ 405,936	$ 735,416

Note 2: Investments: Fixed Maturity Securities - Additional (Details) - Fixed Maturities - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Average market value over amortized cost	94.50%	92.60%
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	$ 120,000	$ 165,000	$ 125,129

- Definition

The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis.

+ References + Details

Note 2: Investments: Equity Securities - Additional (Details) - Equity Securities - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Average Market Value of Security over initial investment	77.10%	75.00%
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	$ 100,304	$ 247,317	$ 52,775

- Definition

+ References + Details

Note 2: Investments (Details) - USD ($)	12 Months Ended
Note 2: Investments (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net Investment Income	$ 20,354,002	$ 21,915,577	$ 18,570,077
Securities on deposit for regulatory authorities	9,215,222	9,190,012
Cemeteries and mortuaries
Net Investment Income	341,430	352,488	328,247
Equity Securities
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	$ 100,304	$ 247,317	$ 52,775

- Definition

+ References + Details

Note 2: Investments: Investments Classified by Contractual Maturity Date (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	$ 143,466,494	$ 129,449,410
HeldToMaturitySecuritiesEstimatedFairValue	153,274,220	146,217,089
Available-for-sale Securities, Amortized Cost Basis	4,783,936
AvailableForSaleSecuritiesEstimatedFairValue	4,498,756
Collateralized Mortgage Backed Securities
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	4,522,081	5,010,519
HeldToMaturitySecuritiesEstimatedFairValue	4,717,347	5,262,334
Redeemable Preferred Stock
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	612,023	1,510,878
HeldToMaturitySecuritiesEstimatedFairValue	619,117	1,607,765
Nonredeemable Preferred Stock
Available-for-sale Securities, Amortized Cost Basis		20,281
AvailableForSaleSecuritiesEstimatedFairValue		$ 18,795
Common Stock
Available-for-sale Securities, Amortized Cost Basis	4,783,936
AvailableForSaleSecuritiesEstimatedFairValue	4,498,756
Due in 2014
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	4,045,462
HeldToMaturitySecuritiesEstimatedFairValue	4,138,092
DueIn2015Through2018Member
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	28,050,184
HeldToMaturitySecuritiesEstimatedFairValue	31,240,450
DueIn2019Through2023Member
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	38,927,206
HeldToMaturitySecuritiesEstimatedFairValue	42,074,139
DueAfter2023Member
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	67,309,538
HeldToMaturitySecuritiesEstimatedFairValue	$ 70,485,075

Note 2: Investments: Gain (Loss) on Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Gains and losses and other than temporary impairments from investments and other assets	$ 1,081,825	$ 216,878	$ 1,623,618
Categories of Investments, Marketable Securities, Held-to-maturity Securities
Gross Realized Gains	97,238	470,874	939,672
Gross Realized Losses	(41,164)	(3,875)	(162,716)
Other than Temporary Impairments	(120,000)	(165,000)	(125,129)
Categories of Investments, Marketable Securities, Available-for-sale Securities
Gross Realized Gains	540,990	392,033	590,455
Gross Realized Losses	(2,678)	(5,705)	(118,417)
Other than Temporary Impairments	(100,304)	(247,317)	(52,775)
Other Assets
Gross Realized Gains	824,203	794,346	1,295,217
Gross Realized Losses	(538)	(223,163)	(79,858)
Other than Temporary Impairments	$ (115,922)	$ (795,315)	$ (662,831)

Note 2: Investments: Fixed Maturity Securities - Carrying Amount and Net Realized Gain (Details) - Categories of Investments, Marketable Securities, Held-to-maturity Securities - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net carrying amount for sales of securities	$ 1,455,835	$ 2,174,300	$ 12,341,156
Net realized gain related to sales of securities	$ 12,533	$ 271,364	$ 530,637

Note 2: Investments: Schedule of Major categories of net investment income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Gross Investment Income	$ 29,553,822	$ 28,012,959	$ 24,289,460
Investment Income, Investment Expense	(9,199,820)	(6,097,382)	(5,719,383)
Net Investment Income	20,354,002	21,915,577	18,570,077
Fixed Maturities
Gross Investment Income	8,265,949	7,731,051	7,762,894
Equity Securities
Gross Investment Income	210,491	264,063	272,011
Collateralized Mortgage Backed Securities
Gross Investment Income	4,666,910	5,543,777	5,422,399
Real Estate
Gross Investment Income	6,658,185	4,927,128	3,741,263
Policy, Student and other loans
Gross Investment Income	799,703	830,683	835,312
Short-term investments, principally gains on sale of mortgage loans
Gross Investment Income	$ 8,952,584	$ 8,716,257	$ 6,255,581

Note 2: Investments: Mortgage Loans - Additional (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Mortgage loans on real estate balances, net of allowance for losses	$ 1,652,090	$ 4,239,861
Minimum
Mortgage Loan, Interest Rate	2.00%
Maximum
Mortgage Loan, Interest Rate	10.50%

Note 2: Investments: The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses, Beginning Balance	$ 4,239,861	$ 4,881,173
Allowance for credit losses, Charge-offs	(2,808,423)	(1,075,141)
Allowance for credit losses, Provision	220,652
Financing Receivable, Allowance for Credit Losses, Ending Balance	1,652,090	4,239,861
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	152,745	692,199
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,499,345	3,547,662
Mortgage loans	104,433,968	88,702,066
Financing Receivable, Individually Evaluated for Impairment	1,518,327	6,038,643
Financing Receivable, Collectively Evaluated for Impairment	102,915,641	82,663,423
Allowance fo Credit losses, other charge-offs		433,829
Commercial Loan
Allowance for credit losses, Provision	187,129
Financing Receivable, Allowance for Credit Losses, Ending Balance	187,129
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	187,129
Mortgage loans	41,653,009	34,956,031
Financing Receivable, Collectively Evaluated for Impairment	41,653,009	34,956,031
Residential Mortgage
Financing Receivable, Allowance for Credit Losses, Beginning Balance	4,193,674	4,338,805
Allowance for credit losses, Charge-offs	(2,670,794)	(560,699)
Allowance for credit losses, Provision	(158,033)
Financing Receivable, Allowance for Credit Losses, Ending Balance	1,364,847	4,193,674
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	152,745	692,199
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,212,102	3,501,475
Mortgage loans	49,868,486	50,584,923
Financing Receivable, Individually Evaluated for Impairment	1,518,327	4,692,517
Financing Receivable, Collectively Evaluated for Impairment	48,350,159	45,892,406
Allowance fo Credit losses, other charge-offs		415,568
Residential Construction
Financing Receivable, Allowance for Credit Losses, Beginning Balance	46,187	542,368
Allowance for credit losses, Charge-offs	(137,629)	(514,442)
Allowance for credit losses, Provision	191,556
Financing Receivable, Allowance for Credit Losses, Ending Balance	100,114	46,187
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	100,114	46,187
Mortgage loans	12,912,473	3,161,112
Financing Receivable, Individually Evaluated for Impairment		1,346,126
Financing Receivable, Collectively Evaluated for Impairment	$ 12,912,473	1,814,986
Allowance fo Credit losses, other charge-offs		$ 18,261

Note 2: Investments: Schedule of aging of mortgage loans (Details) - USD ($)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Mortgage Loans during period

$ 104,433,968

$ 88,702,066

Mortgage Loans, Allowance for Loan Losses

(1,652,090)

(4,239,861)

Mortgage Loans, Net

102,781,878

84,462,205

Commercial Loan

Mortgage Loans during period

41,653,009

34,956,031

Mortgage Loans, Allowance for Loan Losses

(187,129)

Mortgage Loans, Net

41,465,880

34,956,031

Residential Mortgage

Mortgage Loans during period

49,868,486

50,584,923

Mortgage Loans, Allowance for Loan Losses

(1,364,847)

(4,193,674)

Mortgage Loans, Net

48,503,639

46,391,249

Residential Construction

Mortgage Loans during period

12,912,473

3,161,112

Mortgage Loans, Allowance for Loan Losses

(100,114)

(46,187)

Mortgage Loans, Net

12,812,359

3,114,925

Past due 30 to 59 days

Mortgage Loans during period

1,646,953

3,545,243

Past due 30 to 59 days | Commercial Loan

Mortgage Loans during period

581,984

Past due 30 to 59 days | Residential Mortgage

Mortgage Loans during period

1,646,953

2,963,259

Past due 60 to 89 days

Mortgage Loans during period

1,604,847

1,345,247

Past due 60 to 89 days | Residential Mortgage

Mortgage Loans during period

1,604,847

1,345,247

Past due 90 or more days

Mortgage Loans during period

^[1]

5,932,396

5,640,462

Past due 90 or more days | Commercial Loan

Mortgage Loans during period

^[1]

143,252

Past due 90 or more days | Residential Mortgage

Mortgage Loans during period

^[1]

5,867,501

5,208,742

Past due 90 or more days | Residential Construction

Mortgage Loans during period

^[1]

64,895

288,468

In Foreclosure

Mortgage Loans during period

^[1]

6,492,072

6,038,643

In Foreclosure | Commercial Loan

Mortgage Loans during period

^[1]

4,973,745

In Foreclosure | Residential Mortgage

Mortgage Loans during period

^[1]

1,518,327

4,692,517

In Foreclosure | Residential Construction

Mortgage Loans during period

^[1]

1,346,126

Total Past Due

Mortgage Loans during period

15,676,268

16,569,595

Total Past Due | Commercial Loan

Mortgage Loans during period

4,973,745

725,236

Total Past Due | Residential Mortgage

Mortgage Loans during period

10,637,628

14,209,765

Total Past Due | Residential Construction

Mortgage Loans during period

64,895

1,634,594

Current

Mortgage Loans during period

88,757,700

72,132,471

Current | Commercial Loan

Mortgage Loans during period

36,679,264

34,230,795

Current | Residential Mortgage

Mortgage Loans during period

39,230,858

36,375,158

Current | Residential Construction

Mortgage Loans during period

$ 12,847,578

$ 1,526,518

[1]	There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.

Note 2: Investments: Schedule of Impaired Mortgage Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Residential Mortgage
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 1,518,327	$ 4,692,517
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,518,327	4,692,517
Impaired Financing Receivable, Related Allowance	152,745	692,199
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,518,327	4,692,517
Impaired Financing Receivable, Average Recorded Investment	1,518,327	4,692,517
Impaired Financing Receivable, Unpaid Principal Balance	$ 1,518,327	4,692,517
Residential Construction
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		1,346,126
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		1,346,126
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		1,346,126
Impaired Financing Receivable, Average Recorded Investment		1,346,126
Impaired Financing Receivable, Unpaid Principal Balance		$ 1,346,126

Note 2: Investments: The Company's Performing and Non-performing Mortgage Loans Were As Follows (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Mortgage loans	$ 104,433,968	$ 88,702,066
Performing Financing Receivable
Mortgage loans	92,009,500	77,022,961
Nonperforming Financing Receivable
Mortgage loans	12,424,468	11,679,105
Commercial Loan
Mortgage loans	41,653,009	34,956,031
Commercial Loan \| Performing Financing Receivable
Mortgage loans	36,679,264	34,812,779
Commercial Loan \| Nonperforming Financing Receivable
Mortgage loans	4,973,745	143,252
Residential Mortgage
Mortgage loans	49,868,486	50,584,923
Residential Mortgage \| Performing Financing Receivable
Mortgage loans	42,482,658	40,683,664
Residential Mortgage \| Nonperforming Financing Receivable
Mortgage loans	7,385,828	9,901,259
Residential Construction
Mortgage loans	12,912,473	3,161,112
Residential Construction \| Performing Financing Receivable
Mortgage loans	12,847,578	1,526,518
Residential Construction \| Nonperforming Financing Receivable
Mortgage loans	$ 64,895	$ 1,634,594

Note 2: Investments: Summary of Interest not accrued on non-performing mortgage loans (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Interest not acrued on non-performing loans	$ 678,000	$ 1,925,000

Note 2: Investments: Schedule of Mortgate loans on a nonaccrual status (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 12,424,468	$ 11,679,105
Commercial Loan
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	4,973,745	143,252
Residential Mortgage
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	7,385,828	9,901,259
Residential Construction
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 64,895	$ 1,634,594

Note 2: Investments: Schedule of Principal amounts due on mortgage loans on real estate and construction loans held for investment by category (Details)	Dec. 31, 2013 USD ($)
Mortgage Loans Principal Amount due	$ 104,433,968
Residential Mortgage
Mortgage Loans Principal Amount due	49,868,486
Residential Construction
Mortgage Loans Principal Amount due	12,912,473
Commercial Loan
Mortgage Loans Principal Amount due	41,653,009
DueInNextYearMember
Mortgage Loans Principal Amount due	31,629,813
DueInNextYearMember \| Residential Mortgage
Mortgage Loans Principal Amount due	1,137,636
DueInNextYearMember \| Residential Construction
Mortgage Loans Principal Amount due	12,445,469
DueInNextYearMember \| Commercial Loan
Mortgage Loans Principal Amount due	18,046,708
DueInYearsTwoThroughFiveMember
Mortgage Loans Principal Amount due	28,036,887
DueInYearsTwoThroughFiveMember \| Residential Mortgage
Mortgage Loans Principal Amount due	13,466,462
DueInYearsTwoThroughFiveMember \| Residential Construction
Mortgage Loans Principal Amount due	467,004
DueInYearsTwoThroughFiveMember \| Commercial Loan
Mortgage Loans Principal Amount due	14,103,421
DueThereafterMember
Mortgage Loans Principal Amount due	44,767,268
DueThereafterMember \| Residential Mortgage
Mortgage Loans Principal Amount due	35,264,388
DueThereafterMember \| Commercial Loan
Mortgage Loans Principal Amount due	$ 9,502,880

Note 2: Investments: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details
Loan loss reserve, balance at start of period	$ 6,035,295	$ 2,337,875
Loan loss reserve, Provisions for losses	1,846,285	4,053,051
Loan loss reserve, Charge-offs	(2,375,048)	(355,631)
Loan loss reserve, balance at end of period	$ 5,506,532	$ 6,035,295

Note 3: Receivables: Schedule of Receivables (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Trade contracts	$ 9,993,755	$ 14,968,859
Receivables from sales agents	994,056	649,739
Receivables held in escrow	312,167	342,377
Other Receivables	1,601,227	1,788,894
Accounts Receivable, Gross	12,901,205	17,749,869
Allowance for Doubtful Accounts Receivable	(1,248,633)	(1,190,592)
Receivables, net	$ 11,652,572	$ 16,559,277

Note 4: Value of Business Acquired: Schedule of Value of Business Acquired (Details) - USD ($)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Details

Value of business acquired, balance at start of period

$ 8,680,845

$ 9,829,082

$ 10,996,050

$ 8,996,134

Increase (Decrease) in value of business acquired

192,035

48,190

3,145,116

Imputed interest on value of business acquired

^[1]

647,848

728,880

701,349

Value of business acquired - amortization

(1,988,120)

(1,944,038)

(1,846,549)

Value of business acquired - net amortization charged to income

$ (684,000)

$ (756,000)

$ (822,000)

$ (887,000)

$ (1,146,000)

(1,340,272)

(1,215,158)

(1,145,200)

Value of business acquired, balance at start of period

$ 8,680,845

$ 9,829,082

$ 10,996,050

[1]	Imputed interest at 7%.

Note 4: Value of Business Acquired (Details) - USD ($)	12 Months Ended
Note 4: Value of Business Acquired (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Value of business acquired - net amortization charged to income	$ 684,000	$ 756,000	$ 822,000	$ 887,000	$ 1,146,000	$ 1,340,272	$ 1,215,158	$ 1,145,200

Note 5: Property and Equipment: Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Land and buildings	$ 12,482,082	$ 14,782,646
Furniture and equipment	14,301,713	13,226,209
Property, Plant and Equipment, Gross	26,783,795	28,008,855
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(15,260,635)	(16,974,898)
Property and equipment, net	$ 11,523,160	$ 11,033,957

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

Note 5: Property and Equipment (Details) - USD ($)	12 Months Ended
Note 5: Property and Equipment (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Depreciation Expense	$ 1,621,069	$ 1,258,097	$ 1,499,038

Note 6: Bank and Other Loans Payable: Summary of Bank Loans Payable (Details) - USD ($)

Dec. 31, 2013

Dec. 31, 2012

Bank loans payable

$ 18,289,438

$ 11,910,343

Current Installment

5,849,926

6,266,765

Bank and other loans, excluding current installments

12,439,512

5,643,578

6.34% note payable

Bank loans payable

^[1]

612,068

748,612

5.75% note payable

Bank loans payable

^[2]

3,509,944

3,643,192

Bank prime rate less .75%

Bank loans payable

^[3]

225,000

Mark to market of interest rate swaps

Bank loans payable

58,310

93,572

3.85% note payable

Bank loans payable

^[4]

1,377,925

2,258,968

N385ANotePayableMember

Bank loans payable

^[5]

3,891,926

N440NotePayableMember

Bank loans payable

^[6]

8,500,000

Revolving line-of-credit, interest payable at the prime rate minus .75%

Bank loans payable

^[7]

4,608,204

Other collateralized bank loans payable

Bank loans payable

338,304

331,834

Other notes payable

Bank loans payable

$ 961

[1]	Payable in monthly installments of $13,556 including principal and interest, collateralized by real property with a book value of approximately $498,000, due November 2017.
[2]	5.75% note payable in monthly installments of $28,271 including principal and interest, collateralized by real property with a book value of approximately $6,183,000 due December 2014.
[3]	Bank prime rate less .75% (2.50% at December 31, 2011) collateralized by shares of Security National Life Insurance Company Stock, due June 2012.
[4]	3.85% note payable in monthly installments of $79,468 including principal and interest, collateralized by shares of Security National Life Insurance Company Stock, due June 2015.
[5]	3.85% note payable in monthly installments of $86,059 including principal and interest, collateralized by shares of Security National Life Insurance Company stock, due December 2017
[6]	4.40% note payable in monthly installments of $46,825 including principal and interest, collateralized by real property with a book value of approximately $12,450,000 due January 2026.
[7]	Revolving line-of-credit, interest payable at the prime rate minus .75% (2.5% as of December 31, 2013) secured by shares of Security National Life Insurance Company Stock, matures June 2014.

Note 6: Bank and Other Loans Payable: Loan Agreements (Details) - USD ($)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Interest Rate Swap Instrument

Long-term Debt, Fair Value

$ 58,310

$ 93,572

Debt Instrument, Interest Rate, Effective Percentage

2.65%

Derivative Liabilities

$ 58,310

$ 93,572

Change in accumulated other comprehensive income

$ 35,262

$ 24,240

Revolving Line of Credit 1

Line of Credit Facility, Description

The Company has a $2,000,000 revolving line-of-credit with a bank with interest payable at the prime rate minus .75%

Line of Credit Facility, Maximum Borrowing Capacity

$ 2,000,000

Line of Credit Facility, Interest Rate at Period End

2.50%

Line of Credit Facility, Collateral

secured by the capital stock of Security National Life

Line of credit, amount reserved

^[1]

$ 697,001

Line of Credit Facility, Amount Outstanding

$ 0

Revolving Line of Credit 2

Line of Credit Facility, Description

The Company has a $15,000,000 revolving line-of-credit with a bank with interest payable at the variable overnight Libor rate plus 2%

Line of Credit Facility, Interest Rate at Period End

2.19%

Line of Credit Facility, Collateral

secured by bond investments of the Company

Line of credit, amount reserved

^[1]

$ 91,000

Line of Credit Facility, Amount Outstanding

$ 0

Revolving Line of Credit 3

Line of Credit Facility, Description

The Company has a $2,150,000 revolving line-of-credit with a bank with interest payable at the prime rate plus 1.25%

Line of Credit Facility, Maximum Borrowing Capacity

$ 2,150,000

Line of Credit Facility, Interest Rate at Period End

4.50%

Line of Credit Facility, Collateral

secured by the capital stock of Security National Life

Line of credit, amount reserved

^[1]

$ 1,250,000

Line of Credit Facility, Amount Outstanding

$ 0

[1]	Reserved for two outstanding letters of credit.

Note 6: Bank and Other Loans Payable: Schedule of combined maturities of bank loans payable, lines of credit and notes and contracts payable (Details)	Dec. 31, 2013 USD ($)
Bank loans payable, lines of credit and notes and contracts payable	$ 18,289,438
DueInYearOneMember
Bank loans payable, lines of credit and notes and contracts payable	5,849,926
DueInYearTwoMember
Bank loans payable, lines of credit and notes and contracts payable	1,748,708
DueInYearThreeMember
Bank loans payable, lines of credit and notes and contracts payable	1,399,264
DueInYearFourMember
Bank loans payable, lines of credit and notes and contracts payable	1,504,037
DueInYearFiveMember
Bank loans payable, lines of credit and notes and contracts payable	247,065
DueInYearThereafterMember
Bank loans payable, lines of credit and notes and contracts payable	$ 7,540,438

Note 6: Bank and Other Loans Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Interest Paid	$ 2,853,701	$ 3,744,293	$ 1,961,249

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds: Schedule of the components of the cemetery perpetual care obligation (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Cemetery perpetual care obligation, trust investments at market value	$ 2,414,883	$ 2,090,111
Cemetery perpetual care obligation, note receivables eliminated in consolidation	1,881,565	1,927,926
Cemetery perpetual care obligation, trust assets	4,296,448	4,018,037
CemeteryPerpetualCareObligation	(3,266,131)	(3,153,001)
Cemetery perpetual care obligation, fair value of trust assets in excess of trust obligations	$ 1,030,317	$ 865,036

Note 7: Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds: Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Restricted assets	$ 6,670,980	$ 9,366,958
Cash and Cash Equivalents
Restricted assets	4,746,417	7,617,143
Mutual Funds
Restricted assets	582,163	504,170
Fixed Maturity Securities
Restricted assets	8,775	8,775
Equity Securities
Restricted assets	84,986	81,242
Participating in Mortgage loans with Security National Life
Restricted assets	$ 1,248,639	$ 1,155,628

Note 8: Income Taxes: Summary of Income Tax Liability (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Current Income Tax Liability	$ (1,578,071)	$ 613,328
Income Tax Liability	17,529,919	17,309,970
Income taxes	$ 15,951,848	$ 17,923,298

Note 8: Income Taxes: Schedule of components of Deferred Tax Liabilities (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Liabilities
Income Tax Liability	$ 17,529,919	$ 17,309,970
Approximate
Assets
Deferred Tax, Future policy benefits	(5,381,385)	(4,160,489)
Deferred Tax, Loan Loss Reserve	(2,147,547)	(2,353,765)
Deferred Tax, Unearned premium	(1,759,087)	(1,830,492)
Deferred Tax, Available for sale Securities	(566,316)	(599,528)
Deferred Tax Net Operating Loss	(873,412)	(1,099,500)
Deferred Tax Deferred Compensation	(1,057,551)	(1,238,270)
Deferred Tax Deposit Obligations	(1,043,964)	(1,060,205)
Deferred Tax, Other assets	(1,287,773)	(1,090,409)
Deferred Tax, Valuation Allowance	5,593,063	6,328,931
Deferred Tax Assets, Net of Valuation Allowance	(8,523,972)	(7,103,727)
Liabilities
Deferred Tax, Deferred policy acquisition costs	10,914,618	9,945,683
Deferred Tax, Basis difference in property and equipment	6,242,266	5,739,272
Deferred Tax, Value of business acquired	2,951,487	3,341,888
Deferred Tax, Installment sales	3,545,692	2,790,709
Deferred Tax, Trusts	1,599,657	1,599,657
Tax on unrealized appreciation	800,171	996,488
Deferred Tax Liabilities, Net	26,053,891	24,413,697
Income Tax Liability	$ 17,529,919	$ 17,309,970

Note 8: Income Taxes: Deferred taxes, taxes paid and changes in valuation allowance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
DeferredTaxesIncreaseInTheValuationAllowance	$ 735,868	$ 2,688,604
Income Taxes Paid	$ 4,009,598	$ 1,900,000	$ 174,811

Note 8: Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Current Income Tax Expense (Benefit)	$ 1,821,539	$ 2,707,962	$ 130,526
Deferred income tax expense	416,267	1,930,813	(192,731)
Income Tax Expense (Benefit), Continuing Operations	$ 2,237,806	$ 4,638,775	$ (62,205)

- Definition

The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to pretax Income or Loss from continuing operations; income tax expense or benefit may include interest and penalties on tax uncertainties based on the entity's accounting policy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=21917399&loc=d3e32247-109318

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45, 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 15, 16, 19
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Income Tax Reconciliation, Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate	$ 3,340,067	$ 7,472,953	$ 410,225
Income Tax Reconciliation, Deductions, Other			(503,672)
Income Tax Reconciliation, Tax Settlements	20,371
Income Tax Reconciliation, Other Adjustments	(1,122,632)	(2,834,178)	31,242
Income Tax Expense (Benefit), Continuing Operations	$ 2,237,806	$ 4,638,775	$ (62,205)

- Definition

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=21917399&loc=d3e32247-109318

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45, 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 15, 16, 19
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Note 8: Income Taxes: Unrecognized tax benefits, interest and penalties (Details)	Dec. 31, 2013 USD ($)
Details
Unrecognized Tax Benefits	$ 0

Note 9: Reinsurance, Commitments and Contingencies: Reinsurance (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Unaudited
Insurance assumed from other companies	$ 1,566,336,000	$ 1,665,573,000

Note 9: Reinsurance, Commitments and Contingencies: Reinsurance with Mothe Life Insurance Company and DLE Life Insurance Company (Details) - MotheLifeMember	12 Months Ended
	Dec. 31, 2013 USD ($)
Ceding commission paid	$ 4,684,000
Assets transferred	34,485,000
Statutory reserves transferred	$ 39,169,000

Note 9: Reinsurance, Commitments and Contingencies: Reinsurance with North America Life Insurance Company (Details) - USD ($)	1 Months Ended
	Feb. 28, 2014	Dec. 31, 2013	Feb. 13, 2014	Dec. 10, 2013
Recapture Payment			$ 4,684,000	$ 2,500,000
North America Life Insurance Company
Ceding commission paid	$ 57,000	$ 34,000

Note 9: Reinsurance, Commitments and Contingencies: Mortgage Loan Loss Settlements (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Amounts accrued for loan losses	$ 5,507,000	$ 6,035,000

Note 9: Reinsurance, Commitments and Contingencies: Settlement with Wells Fargo (Details) - Wells Fargo	12 Months Ended
	Dec. 31, 2013 USD ($)
Initial Settlement Amount Paid	$ 4,300,000
Book value of certain real estate properties set aside	$ 4,735,000

Note 9: Reinsurance, Commitments and Contingencies: Third Party Investors (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Third Party Investors
Funds reserved and accrued to settle investor related claims	$ 5,502,000	$ 6,035,000

Note 9: Reinsurance, Commitments and Contingencies: Lehman Brothers - Aurora Loan Services Litigation (Details) - Aurora Loan Services - USD ($)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2013
Deposit to secure obligations			$ 645,000
Funds paid from deposit account			4,281,000
Alleged amount owed			$ 3,745,000
Recognized alleged losses	$ 0	$ 1,289,000

Note 9: Reinsurance, Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details)	Dec. 31, 2013 USD ($)
Details
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 3,104,498
Operating Leases, Future Minimum Payments, Due in Two Years	2,444,254
Operating Leases, Future Minimum Payments, Due in Three Years	1,758,888
Operating Leases, Future Minimum Payments, Due in Four Years	1,326,789
Operating Leases, Future Minimum Payments, Due in Five Years	241,697
Operating Leases, Future Minimum Payments Due	$ 8,876,126

Note 9: Reinsurance, Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Rent expense related to non-cancelable operating leases	$ 4,307,000	$ 3,425,000	$ 2,595,000

Note 9: Reinsurance, Commitments and Contingencies: Other Contingencies and Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Reserve related to Insurance programs	$ 524,034	$ 589,661
Financial Standby Letter of Credit
Loss Contingency, Management's Assessment and Process	At December 31, 2013, SecurityNational Mortgage was contingently liable under a standby letter of credit aggregating $1,250,000, to be used as collateral to cover any contingency relating to claims filed in states where SecurityNational Mortgage is licensed. The Company does not expect any material losses to result from the issuance of the standby letter of credit. Accordingly, the estimated fair value of these instruments is zero.
Loss Contingency, Estimate of Possible Loss	$ 1,250,000
Contingently liable under a standby letter of credit	$ 641,001

Note 10: Retirement Plans: Noncontributory Employee Stock Ownership Plan (ESOP) (Details) - Employee Stock Ownership Plan (ESOP)	12 Months Ended
	Dec. 31, 2013 shares
Employee Stock Ownership Plan (ESOP), Plan Description	The Company and its subsidiaries have a noncontributory Employee Stock Ownership Plan (ESOP) for all eligible employees. Eligible employees are primarily those with more than one year of service, who work in excess of 1,000 hours per year. Contributions, which may be in cash or stock of the Company, are determined annually by the Board of Directors. The Company’s contributions are allocated to eligible employees based on the ratio of each eligible employee’s compensation to total compensation for all eligible employees during each year.
Class A Common Stock
Employee Stock Ownership Plan (ESOP), Shares in ESOP	574,570
Class C Common Stock
Employee Stock Ownership Plan (ESOP), Shares in ESOP	2,294,549

Note 10: Retirement Plans: 401(k) Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Description of Defined Contribution Pension and Other Postretirement Plans	The Company has three 401(k) savings plans covering all eligible employees, as defined above, which includes employer participation in accordance with the provisions of Section 401(k) of the Internal Revenue Code. The plans allow participants to make pretax contributions up to a maximum of $17,500, $17,000 and $16,500 for the years 2013, 2012 and 2011, respectively or the statutory limits.
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount	$ 17,500	$ 17,000	$ 16,500
SafeHarborPlanMember
Contribution to Retirement Plan	$ 749,898	$ 222,719	$ 208,206

- Definition

Description of the terms and benefits provided by the employer's defined contribution plans. A defined contribution plan provides benefits in return for services rendered, provides an individual account for each participant, and has terms that specify how contributions to the individual's account are to be determined rather than the amount of benefits the individual is to receive. Under a defined contribution pension plan, the benefits a participant will receive depend solely on the amount contributed to the participant's account, the returns earned on investments of those contributions, and forfeitures of other participants' benefits that may be allocated to such participant's account. A description of the plan(s) including employee groups covered, the basis for determining contributions, and the nature and effects of significant matters affecting comparability of information for all periods presented.

+ References + Details

Note 10: Retirement Plans: Deferred Compensation Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CEO, and past senior VP
Increase (decrease) in liability for future obligations	$ 0	$ 1,349
Deferred Compensation Arrangement with Individual, Recorded Liability	598,426
Scott M. Quist
Deferred Compensation Arrangement with Individual, Recorded Liability	1,437,242	1,173,242
Present value of anticipated benefits	264,000	87,467
Deferred Tax Credits related to compensation expense
Deferred Compensation Arrangement with Individual, Recorded Liability	613,403	613,403
Present value of anticipated benefits	$ 0	$ 44,533
Deferred Compensation Plan
Deferred Compensation Arrangements, Overall, Description	Under the terms of the Plan, the Company will provide deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Board has appointed a Committee of the Company to be the Plan Administrator and to determine the employees who are eligible to participate in the plan. The employees who participate may elect to defer a portion of their compensation into the plan.

Note 11: Capital Stock: Schedule of Activity in shares of capital stock (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Class A Common Stock
Common Stock Outstanding	11,807,287	10,843,576	9,638,798	9,178,945
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	359,786	685,753
Dividends	$ 562,152	$ 518,702	$ 459,168
Conversion of Stock, Shares Issued	41,773	323	685
Class C Common Stock
Common Stock Outstanding	13,301,908	10,974,101	10,135,976	9,660,152
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	2,112,110	318,912
Dividends	$ 633,424	$ 522,440	$ 482,675
Conversion of Stock, Shares Issued	(417,727)	(3,227)	(6,851)

Note 11: Capital Stock: Schedule of Basic and diluted earnings per share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Net Earnings (Loss)	$ 7,585,921	$ 16,712,518	$ 1,298,758
Weighted Average Number of Shares Outstanding, Basic and Diluted	11,751,428	10,812,967	10,572,201
Employee stock options	$ 586,235	$ 570,744	$ 113,344
Pro Forma Weighted Average Shares Outstanding, Diluted	586,235	570,744	113,344
Adjustedweighted average shares and assumed conversions	12,337,663	11,383,711	10,685,545
Net earnings per Class A equivalent common share (1)	$ 0.65	$ 1.55	$ 0.12
Net earnings per Class A equivalent common share - assuming dilution(1)	$ 0.61	$ 1.47	$ 0.12

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

Note 12: Stock Compensation Plans (Details) - USD ($)	12 Months Ended
Note 12: Stock Compensation Plans (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ 88,369	$ 251,031	$ 253,934
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value	$ 2,179,393	$ 3,340,460

Note 12: Stock Compensation Plans: Schedule of Activity of the 2003 Plan (Details)	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares shares	Dec. 31, 2012 $ / shares shares	Dec. 31, 2011 $ / shares shares	Dec. 31, 2010 $ / shares shares
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	405,133	972,253	1,996,543	1,596,095
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price \| $ / shares	$ 2.41	$ 2.07	$ 2.40	$ 2.61
Adjustment for the effect of stock dividends	17,962	43,928	95,073
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	81,960	347,000	346,500
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised	(485,366)	(1,041,276)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Forfeited	(76,676)	(123,134)	(41,125)
Shares Reclassifies	(105,000)	(250,808)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	319,009
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price \| $ / shares	$ 1.82
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	312,642
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7.23
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	6.51
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	$ 893,398
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value \| $	$ 893,172
Class C Common Stock
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	5,086,562	5,838,505	3,610,275	3,438,355
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price \| $ / shares	$ 2.00	$ 2.18	$ 2.20
Adjustment for the effect of stock dividends	242,217	245,145	171,920
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised	(1,906,022)	(525,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Forfeited	(638,138)
Shares Reclassifies	1,050,000	2,508,085
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	4,561,562
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price \| $ / shares	$ 1.65
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,050,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2.61
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	$ 1,340,147
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value \| $	$ 1,340,147

13) Statutory Financial Information and Dividend Limitations: Schedule of statutory accounting practices (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SecurityNationalLifeInsuranceMember
Statutory Accounting Practices, Statutory Net Income Amount	$ 1,283,311	$ 391,533	$ (34,795)
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	29,597,289	29,828,732
MemorialInsuranceCompanyOfAmericaMember
Statutory Accounting Practices, Statutory Net Income Amount	237	159	(1,994)
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	1,083,237	1,084,067
SouthernSecurityLifeInsuranceCompanyIncMember
Statutory Accounting Practices, Statutory Net Income Amount	1,288	184	$ 971
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	1,586,832	1,583,524
TransWesternLifeInsuranceCompanyMember
Statutory Accounting Practices, Statutory Net Income Amount	1,906	2,113
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	$ 497,878	$ 495,972

- Definition

The amount of statutory capital and surplus (stockholders' equity) as of the balance sheet date using prescribed or permitted statutory accounting practices (rather than GAAP, if different) of the state or country.

+ References + Details

Note 14: Business Segment Information: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Information, Revenue for Reportable Segment
Revenue from customers	$ 191,272,963	$ 210,968,662	$ 138,264,606
Net investment income	20,354,002	21,915,577	18,570,077
Gain (Loss) on Investments	1,418,051	1,424,510	2,464,353
Other than Temporary Impairment Losses, Investments	(336,226)	(1,207,632)	(840,735)
Other Revenue, Net	2,606,230	1,159,052	1,108,969
Net Investment Income	20,354,002	21,915,577	18,570,077
Segment Reporting Information, Revenue for Reportable Segment	215,315,020	234,260,169	159,567,270
Death and other policy benefits	28,534,936	24,246,088	23,945,720
Increase (Decrease) in Future Policy Benefit Reserves	19,594,890	21,435,191	22,258,241
Amortization of deferred policy and preneed acquisition costs and Value of Business Acquired	5,181,837	5,449,429	5,769,348
Depreciation	1,621,069	1,258,097	1,499,038
Provision for Loan and Lease Losses	1,751,472	4,239,418	2,070,399
Costs related to funding mortgage loans	6,635,290	6,931,045	4,240,377
Other General Expense	139,318,098	145,605,315	96,586,345
Interest Expense, Other	2,853,701	3,744,293	1,961,249
Benefits and Expenses	205,491,293	212,908,876	158,330,717
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	9,823,727	21,351,293	1,236,553
Income tax expemse (benefit)	(2,237,806)	(4,638,775)	62,205
Net Earnings (Loss)	7,585,921	16,712,518	1,298,758
Identifiable Assets	618,757,454	597,216,623	523,050,441
Goodwill	677,039	677,039	677,039
Expenditures for long-lived assets	3,570,333	3,221,620	765,633
Life Insurance Segment
Segment Reporting Information, Revenue for Reportable Segment
Revenue from customers	51,322,567	49,550,904	49,898,032
Net investment income	15,877,784	16,616,541	15,855,355
Gain (Loss) on Investments	1,402,352	1,415,556	1,596,127
Other than Temporary Impairment Losses, Investments	(336,226)	(1,207,632)	(840,735)
Other Revenue, Net	538,009	482,325	712,400
Net Investment Income	7,220,282	7,570,979	5,832,691
Segment Reporting Information, Revenue for Reportable Segment	76,024,768	74,428,673	73,053,870
Death and other policy benefits	28,534,936	24,246,088	23,945,720
Increase (Decrease) in Future Policy Benefit Reserves	19,594,890	21,435,191	22,258,241
Amortization of deferred policy and preneed acquisition costs and Value of Business Acquired	4,811,300	5,137,586	5,396,016
Depreciation	401,893	315,960	479,634
Administrative costs, intersegment	24,000	24,000	24,000
Other General Expense	18,753,753	17,824,800	17,472,713
Interest Expense, intersegment	802,352	694,442	668,047
Interest Expense, Other	233,343	159,659	111,221
Benefits and Expenses	73,156,467	69,837,726	70,355,592
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	2,868,301	4,590,947	2,698,278
Income tax expemse (benefit)	399,304	1,755,258	(734,626)
Net Earnings (Loss)	3,267,605	6,346,205	1,963,652
Identifiable Assets	591,465,834	558,845,424	504,744,743
Goodwill	391,848	391,848	391,848
Expenditures for long-lived assets	659,259	400,605	136,742
Cemetery and Mortuary
Segment Reporting Information, Revenue for Reportable Segment
Revenue from customers	12,000,375	10,864,497	10,761,469
Net investment income	268,923	333,625	159,186
Gain (Loss) on Investments	15,699	8,954	868,226
Other Revenue, Net	94,703	136,189	147,830
Net Investment Income	1,356,825	1,435,891	1,691,197
Segment Reporting Information, Revenue for Reportable Segment	13,736,525	12,779,156	13,627,908
Amortization of deferred policy and preneed acquisition costs and Value of Business Acquired	370,537	311,843	373,332
Depreciation	426,641	426,006	520,015
Administrative costs, intersegment	141,367	102,726	103,494
Other General Expense	10,467,717	9,582,499	9,827,197
Interest Expense, intersegment	1,664,096	1,681,987	1,905,559
Interest Expense, Other	443,133	455,449	437,736
Benefits and Expenses	13,513,491	12,560,510	13,167,333
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	223,034	218,646	460,575
Net Earnings (Loss)	223,034	218,646	460,575
Identifiable Assets	114,454,631	116,368,747	116,453,434
Goodwill	285,191	285,191	285,191
Expenditures for long-lived assets	1,100,195	689,154	255,116
Mortgage
Segment Reporting Information, Revenue for Reportable Segment
Revenue from customers	127,950,021	150,553,261	77,605,105
Net investment income	4,207,295	4,965,411	2,555,536
Other Revenue, Net	1,973,518	540,538	248,739
Net Investment Income	262,074	294,980	258,062
Segment Reporting Information, Revenue for Reportable Segment	134,392,908	156,354,190	80,667,442
Depreciation	792,535	516,131	499,389
Administrative costs, intersegment	199,193	137,696	130,011
Provision for Loan and Lease Losses	1,751,472	4,239,418	2,070,399
Costs related to funding mortgage loans	6,635,290	6,931,045
Other General Expense	110,096,627	118,198,014	69,286,435
Interest Expense, intersegment	6,008,174	6,661,001	4,950,839
Interest Expense, Other	2,177,225	3,129,185	1,412,292
Benefits and Expenses	127,660,516	139,812,490	82,589,742
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	6,732,392	16,541,700	(1,922,300)
Income tax expemse (benefit)	(2,637,110)	(6,394,033)	796,831
Net Earnings (Loss)	4,095,282	10,147,667	(1,125,469)
Identifiable Assets	50,250,677	55,613,678	27,913,480
Expenditures for long-lived assets	1,810,879	2,131,861	373,775
Significant Reconciling Items
Segment Reporting Information, Revenue for Reportable Segment
Net Investment Income	(8,839,181)	(9,301,850)	(7,781,950)
Segment Reporting Information, Revenue for Reportable Segment	(8,839,181)	(9,301,850)	(7,781,950)
Administrative costs, intersegment	(364,560)	(264,422)	(257,505)
Other General Expense	1	2
Interest Expense, intersegment	(8,474,622)	(9,037,430)	(7,524,445)
Benefits and Expenses	(8,839,181)	(9,301,850)	(7,781,950)
Identifiable Assets	$ (137,413,688)	$ (133,611,226)	$ (126,061,216)

16) Fair Value of Financial Instruments: Schedule of fair value assets and liabilities measured on a recurring basis (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Trading Securities, Equity	$ 4,498,756	$ 5,386,317
Available-for-sale Securities	4,498,756	5,405,112
Restricted assets of cemeteries and mortuaries	667,149	585,412
Cemetery perpetual care trust investments	695,616	626,048
Derivatives - interest rate lock commitments	1,511,111	3,127,689
Assets, Fair Value Disclosure	7,372,632	9,744,261
Policyholder account balances	(48,000,668)	(49,746,337)
Future policy benefits - annuities	(65,052,928)	(65,171,687)
Derivatives - bank loan interest rate swaps	(58,310)	(93,572)
Derivatives - bank loan interest rate swaps, Call Options	(124,174)	(126,215)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	(23,203)	(166,224)
Liabilities accounted for at fair value	(113,259,283)	(115,304,035)
Assets accounted for at fair value on a recurring basis
Non-redeemable preferred stock		18,795
Fair Value, Inputs, Level 1
Trading Securities, Equity	4,498,756	5,386,317
Available-for-sale Securities	4,498,756	5,405,112
Restricted assets of cemeteries and mortuaries	667,149	585,412
Cemetery perpetual care trust investments	695,616	626,048
Assets, Fair Value Disclosure	5,861,521	6,616,572
Derivatives - bank loan interest rate swaps, Call Options	(124,174)	(126,215)
Liabilities accounted for at fair value	(124,174)	(126,215)
Assets accounted for at fair value on a recurring basis
Non-redeemable preferred stock		18,795
Fair Value, Inputs, Level 3
Derivatives - interest rate lock commitments	1,511,111	3,127,689
Assets, Fair Value Disclosure	1,511,111	3,127,689
Policyholder account balances	(48,000,668)	(49,746,337)
Future policy benefits - annuities	(65,052,928)	(65,171,687)
Derivatives - bank loan interest rate swaps	(58,310)	(93,572)
Derivatives - bank loan interest rate swaps, Interest rate lock commitments	(23,203)	(166,224)
Liabilities accounted for at fair value	$ (113,135,109)	$ (115,177,820)

16) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Policyholder Account Balances
Fair Value Balance	$ (49,746,337)	$ (50,926,020)
Fair Value, Losses (Gains) included in earnings	1,745,669	1,179,683
Fair Value Balance	(48,000,668)	(49,746,337)
Future Policy Benefits - Annuities
Fair Value Balance	(65,171,687)	(65,281,586)
Fair Value, Losses (Gains) included in earnings	118,759	109,899
Fair Value Balance	(65,052,928)	(65,171,687)
Interest Rate Lock Commitments
Fair Value Balance	2,961,465	1,694,541
Fair Value, Losses (Gains) included in other comprehensive income	(1,473,557)	1,266,924
Fair Value Balance	1,487,908	2,961,465
Bank Loan Interest Rate Swaps
Fair Value Balance	(93,572)	(117,812)
Fair Value, Losses (Gains) included in other comprehensive income	35,262	24,240
Fair Value Balance	$ (58,310)	$ (93,572)

16) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Mortgage servicing rights	$ 5,291,724	$ 2,797,470
Mortgage loans on real estate	89,000	4,621,500
Other real estate owned held for investment	660,784
Assets, Fair Value Disclosure, Nonrecurring	6,041,508	8,404,189
Assets accounted for at fair value on non-recurring basis
Other real estate owned held for sale		985,219
Fair Value, Inputs, Level 3
Mortgage servicing rights	5,291,724	2,797,470
Mortgage loans on real estate	89,000	4,621,500
Other real estate owned held for investment	660,784
Assets, Fair Value Disclosure, Nonrecurring	$ 6,041,508	8,404,189
Assets accounted for at fair value on non-recurring basis
Other real estate owned held for sale		$ 985,219

16) Fair Value of Financial Instruments: Schedule of Financial Instruments Carried at Other Than Fair Value (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Carrying Value	$ 18,231,128	$ 11,816,771
Estimated Fair Value	18,231,128	11,816,771
Residential Mortgage
Carrying Value	48,503,639	46,391,249
Estimated Fair Value	51,537,154	50,266,965
Residential Construction
Carrying Value	12,812,359	3,114,925
Estimated Fair Value	12,812,359	3,114,925
Commercial Loan
Carrying Value	41,465,880	34,956,031
Estimated Fair Value	42,441,268	35,475,500
Mortgage loans, net
Carrying Value	102,781,878	84,462,205
Estimated Fair Value	106,790,781	88,857,390
Policy Loan
Carrying Value	7,520,376	8,075,101
Estimated Fair Value	7,520,376	8,075,101
Other loans
Carrying Value	12,203,630	12,113,415
Estimated Fair Value	12,203,630	12,113,415
Short term investments
Carrying Value	12,135,719	40,925,390
Estimated Fair Value	12,135,719	40,925,390
Fair Value, Inputs, Level 3
Estimated Fair Value	18,231,128	11,816,771
Fair Value, Inputs, Level 3 \| Residential Mortgage
Estimated Fair Value	51,537,154	50,266,965
Fair Value, Inputs, Level 3 \| Residential Construction
Estimated Fair Value	12,812,359	3,114,925
Fair Value, Inputs, Level 3 \| Commercial Loan
Estimated Fair Value	42,441,268	35,475,500
Fair Value, Inputs, Level 3 \| Mortgage loans, net
Estimated Fair Value	106,790,781	88,857,390
Fair Value, Inputs, Level 3 \| Policy Loan
Estimated Fair Value	7,520,376	8,075,101
Fair Value, Inputs, Level 3 \| Other loans
Estimated Fair Value	12,203,630	12,113,415
Fair Value, Inputs, Level 3 \| Short term investments
Estimated Fair Value	$ 12,135,719	$ 40,925,390

17) Accumulated Other Comprehensive Income: Schedule of Changes in accumulated other comprehensive income (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Accumulated other comprehensive income, Unrealized gains (losses) on Available for Sale Securities	$ (12,299)	$ (28,700)
Reclassification adjustment for net realized gains in net income	538,311	386,328
Net unrealized gains (losses) before taxes	526,012	357,628
Tax (expense) benefit	(221,221)	70,120
Net Unrealized Gain (Loss)	304,791	427,748
Net Potential unrealized gains (losses) for derivative mortgage loans before taxes	35,262	24,240
Potential Tax Expense Benefit	(9,073)	(8,242)
Net Unrealized Gain (Loss) including Derivatie Bank Loans and Tax benefit	26,189	15,998
Potential unrealized gains (losses) for derivative mortgage loans before taxes	(1,473,557)	1,266,924
Tax (expense) benefit on Derivative Mortgage Loans	426,614	(430,754)
Net Unrealized Gain (Loss) including Derivatie Bank Loans, Mortgage Loans and Tax Benefits	(1,046,943)	836,170
Other comprehensive income changes	$ (715,963)	$ 1,279,916

17) Accumulated Other Comprehensive Income: Accumulated Balances of Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details
Unrealized net gains on available- for-sale securities and trust investments	$ 41,550	$ (386,198)
Increase (Decrease) in Unrealized net gains on available- for-sale securities and trust investments	304,791	427,748
Unrealized net gains on available- for-sale securities and trust investments	346,341	41,550
Unrealized gains on derivative mortgage loans	1,954,567	1,118,397
Increase (Decrease) in Unrealized gains on derivative mortgage loans	(1,046,943)	836,170
Unrealized gains on derivative mortgage loans	907,624	1,954,567
Unrealized gains (losses) on derivative bank loan interest rate swaps	(61,758)	(77,756)
Increase (Decrease) in Unrealized gains (losses) on derivative bank loan interest rate swaps	26,189	15,998
Unrealized gains (losses) on derivative bank loan interest rate swaps	(35,569)	(61,758)
Other comprehensive income, Balance	1,934,359	654,443
Increase (Decrease) in Other comprehensive income, Balance	(715,963)	1,279,916
Other comprehensive income, Balance	$ 1,218,396	$ 1,934,359

Note 18: Derivative Commitments (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Market value of outstanding call options	$ 124,174	$ 126,215

Note 18: Derivative Commitments: Schedule of Derivative Assets at Fair Value (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2012
Details
Fair Value of Asset Derivatives, Interest rate lock and forward sales commitments	$ 1,511,111	$ 3,127,689
Fair Value of Liability Derivatives, Interest rate lock and forward sales commitments	23,203	166,224
Fair Value of Liability Derivatives, Call Options	124,174	126,215
Fair Value of Liability Derivatives, Interest Rate Swaps	58,310	93,572
Fair Value of Asset Derivatives, Total	1,511,111	3,127,689
Fair Value of Liability Derivatives, Total	$ 205,687	$ 386,011

Note 18: Derivative Commitments: Schedule of Gains and Losses on Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details
Gain (Loss) on Derivatives, Interest Rate Lock Commitments	$ (1,473,557)	$ 1,266,924
Gain (Loss) on Derivatives, Interest Rate Swaps	35,262	24,240
Sub total Gain on Derivatives	(1,438,295)	1,291,164
Tax Effect Gain on Derivatives	(417,541)	438,996
Gain (Loss) on Derivatives, Total	$ (1,020,754)	$ 852,168

19) Acquisitions: The Estimated Fair Values of The Assets Acquired and The Liabilities Assumed At The Date of Acquisition Were As Follows (Details)	May 02, 2012 USD ($)
Details
Business Acquisition, Purchase Price Allocation, Current Assets, Cash and Cash Equivalents	$ 313,616
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables	186,487
Business Acquisition, Purchase Price Allocation, Other Assets	7,422,999
Business Acquisition, Purchase Price Allocation, Assets Acquired	7,923,102
BusinessAcquisitionPurchasePriceAllocationFutureLifeAnnuityandOtherBenefits	(7,422,999)
Business Acquisition, Purchase Price Allocation, Other Liabilities	(5,896)
Business Acquisition, Purchase Price Allocation, Liabilities Assumed	(7,428,895)
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 494,207

19) Acquisitions: Acquisition of Trans-Western Pro Forma (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Total revenues	$ 215,315,020	$ 234,260,169	$ 159,567,270
Net earnings	$ 7,585,921	$ 16,712,518	$ 1,298,758
Net earnings per Class A equivalent common share (1)	$ 0.65	$ 1.55	$ 0.12
Net earnings per Class A equivalent common share - assuming dilution(1)	$ 0.61	$ 1.47	$ 0.12
ProForma1Member
Total revenues	$ 215,315,020	$ 234,268,496	$ 159,620,617
Net earnings	$ 7,585,921	$ 16,713,955	$ 1,314,026
Net earnings per Class A equivalent common share (1)	$ 0.65	$ 1.65	$ 0.13
Net earnings per Class A equivalent common share - assuming dilution(1)	$ 0.61	$ 1.57	$ 0.13

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

20) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Details) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details
Origination of Mortgage Servicing Rights (MSRs)	$ 2,494,254
Amortization of MSR's	(447,623)
Mortgage servicing rights	4,844,101	$ 2,797,470
Estimated fair value of MSRs	$ 5,491,270	$ 2,797,470

20) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights Amortization (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Details
Amortization of mortgage servicing rights	$ 587,969	$ 587,969	$ 587,969	$ 587,969	$ 587,969
Amortization of Mortgage Servicing Rights Thereafter		$ 1,904,256

21) Quarterly Financial Data (unaudited): Schedule of quarterly financial data (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Total revenues													$ 215,315,020	$ 234,260,169	$ 159,567,270
Benefits and Expenses													205,491,293	212,908,876	158,330,717
Income tax benefit (expense)													(2,237,806)	(4,638,775)	62,205
Net Earnings (Loss)													$ 7,585,921	$ 16,712,518	$ 1,298,758
Net earnings per Class A equivalent common share (1)													$ 0.65	$ 1.55	$ 0.12
Net earnings per Class A equivalent common share - assuming dilution(1)													$ 0.61	$ 1.47	$ 0.12
Unaudited
Total revenues	$ 48,577,706	$ 50,552,791	$ 61,332,289	$ 54,852,234	$ 66,660,832	$ 63,747,903	$ 56,528,210	$ 47,323,223	$ 47,603,985	$ 41,324,687	$ 36,466,418	$ 34,172,180
Benefits and Expenses	48,415,406	48,588,507	56,862,769	51,624,611	58,806,804	57,615,608	51,491,833	44,994,631	46,020,518	40,490,197	36,325,240	35,494,762
Earnings (loss) before income taxes	162,300	1,964,284	4,469,520	3,227,623	7,854,029	6,132,295	5,036,377	2,328,592	1,583,467	834,490	141,178	(1,322,582)
Income tax benefit (expense)	1,324,619	(697,793)	(1,670,275)	(1,194,357)	(386,772)	(2,142,249)	(1,443,345)	(666,409)	(741,425)	(64,168)	63,689	804,109
Net Earnings (Loss)	$ 1,486,919	$ 1,266,491	$ 2,799,245	$ 2,033,266	$ 7,467,257	$ 3,990,046	$ 3,593,032	$ 1,662,183	$ 842,042	$ 770,322	$ 204,867	$ (518,473)
Net earnings per Class A equivalent common share (1)	$ 0.12	$ 0.11	$ 0.25	$ 0.19	$ 0.76	$ 0.42	$ 0.38	$ 0.18	$ 0.09	$ 0.09	$ 0.02	$ (0.06)
Net earnings per Class A equivalent common share - assuming dilution(1)	$ 0.12	$ 0.11	$ 0.24	$ 0.17	$ 0.69	$ 0.38	$ 0.36	$ 0.17	$ 0.09	$ 0.09	$ 0.02	$ (0.06)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

+ References + Details

Label	Element	Value
Cash and cash equivalents at beginning of year	us-gaap_CashAndCashEquivalentsAtCarryingValue	$ 38,203,164
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance	32,765,236
Statutory Accounting Practices, Statutory Capital and Surplus, Balance	us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance	32,992,295
Statutory Accounting Practices, Statutory Net Income Amount	us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount	1,286,742
Statutory Accounting Practices, Statutory Net Income Amount	us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount	393,989
Statutory Accounting Practices, Statutory Net Income Amount	us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount	$ (35,818)

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash
-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3044-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash Equivalents
-URI http://asc.fasb.org/extlink&oid=6507016

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 1
-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7
-Footnote 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 8, 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

+ References + Details