v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $371,602,158 and $382,401,293 for 2026 and 2025, respectively; net of allowance for credit losses of $675,997 and $579,450  for 2026 and 2025, respectively) $ 367,565,925 $ 382,777,918
Equity securities at estimated fair value (cost of $12,477,275 and $12,206,559 for 2026 and 2025, respectively) 18,346,314 18,050,062
Mortgage loans held for investment (net of allowance for credit losses of $2,553,360 and $2,588,918 for 2026 and 2025, respectively) 305,268,440 322,435,385
Real estate held for investment (net of accumulated depreciation of $38,595,436 and $37,159,212 for 2026 and 2025, respectively) 234,345,333 214,897,130
Real estate held for sale 6,388,376 6,424,027
Other investments and policy loans (net of allowance for credit losses  of $1,518,047 and $1,676,468 for 2026 and 2025, respectively) 83,502,066 85,223,293
Accrued investment income 9,596,277 9,054,645
Total investments 1,025,012,731 1,038,862,460
Cash and cash equivalents 150,120,283 102,256,828
Loans held for sale at estimated fair value 137,607,689 155,968,266
Receivables (net of allowance for credit losses of $1,523,072 and $1,428,672  for 2026 and 2025, respectively) 16,202,589 15,611,074
Restricted assets (including $16,832,910 and $16,106,168 for 2026 and 2025  respectively, at estimated fair value) 29,953,633 28,805,946
Cemetery perpetual care trust investments (including $6,787,546 and $6,575,744 for 2026 and 2025, respectively, at estimated fair value) 10,026,606 9,871,947
Receivable from reinsurers 13,460,840 13,655,373
Cemetery land and improvements 11,333,039 11,299,283
Mortgage servicing rights, net 2,460,261 2,528,459
Property and equipment, net 17,890,401 18,211,717
Deferred policy and pre-need contract acquisition costs 137,601,837 135,978,803
Value of business acquired 6,995,363 7,109,186
Goodwill 5,253,783 5,253,783
Other 16,864,886 16,431,479
Total Assets 1,580,783,941 1,561,844,604
Liabilities    
Future policy benefits and unpaid claims 790,945,507 799,706,946
Policyholder account balances 138,842,575 140,605,750
Unearned premium reserve 1,777,365 1,824,796
Bank and other loans payable 108,760,032 98,387,919
Deferred pre-need funeral home and cemetery contract revenues 23,487,532 22,991,603
Cemetery perpetual care obligation 5,998,538 5,918,776
Accounts payable 4,070,711 4,150,119
Other liabilities and accrued expenses 51,291,373 51,969,405
Income taxes 30,094,798 25,920,562
Total liabilities 1,155,268,431 1,151,475,876
Stockholders’ Equity    
Preferred Stock - non-voting - $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 90,395,465 89,867,763
Accumulated other comprehensive gain, net of taxes 36,836,062 28,762,123
Retained earnings 255,796,901 248,795,475
Treasury stock at cost - 1,137,578 Class A shares and 104,604 Class C shares   as of March 31, 2026; and 1,095,964 Class A shares and 104,604 Class C shares as of December 31, 2025 (9,552,918) (9,088,357)
Total stockholders’ equity 425,515,510 410,368,728
Total Liabilities and Stockholders’ Equity 1,580,783,941 1,561,844,604
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 44,865,526 44,857,250
Common Class B [Member]    
Stockholders’ Equity    
Common stock value
Common Class C [Member]    
Stockholders’ Equity    
Common stock value $ 7,174,474 $ 7,174,474