v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net cash provided by operating activities $ 32,939,808 $ 9,585,902
Cash flows from investing activities:    
Purchases of fixed maturity securities (13,789,720) (28,292,634)
Sales, calls and maturities of fixed maturity securities 24,701,046 26,374,371
Purchases of equity securities (1,173,461) (1,114,187)
Sales of equity securities 912,747 1,085,712
Purchases of restricted assets (2,086,944) (933,673)
Sales, calls and maturities of restricted assets 1,234,336 96,874
Purchases of cemetery perpetual care trust investments (235,488) (26,565)
Sales, calls and maturities of perpetual care trust investments 153,025 859,715
Mortgage loans held for investment, other investments and policy loans made (180,161,316) (217,905,832)
Payments received for mortgage loans held for investment, other investments and policy loans 198,643,862 198,431,585
Purchases of property and equipment (189,702) (441,530)
Sales of property and equipment 1,200
Purchases of real estate (31,470,405) (16,643,207)
Sales of real estate 11,172,949 9,241,645
Net cash provided by (used in) investing activities 7,710,929 (29,266,526)
Cash flows from financing activities:    
Policyholder account balances - deposits 2,539,604 3,065,288
Policyholder account balances - withdrawals (4,707,568) (4,097,396)
Proceeds from stock options exercised 6,642 81,246
Purchases of treasury stock (785,521) (242,265)
Repayment of bank loans (525,837) (504,009)
Net change in warehouse line borrowings for loans held for sale 10,806,644 16,567,385
Net cash provided by financing activities 7,333,964 14,870,249
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents 47,984,701 (4,810,375)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 114,112,108 150,102,620
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 162,096,809 145,292,245
Cash paid during the year for:    
Interest 986,881 1,098,086
Federal income taxes 19,680
State income taxes 30
Non Cash Operating, Investing and Financing Activities:    
Benefit plans funded with treasury stock 381,165 227,262
Right-of-use assets obtained in exchange for operating lease liabilities 191,212 436,109
Right-of-use assets obtained in exchange for finance lease liabilities 71,441
Transfer from fixed maturity securities available for sale to other investments 1,185,603
Cash and cash equivalents 150,120,283 132,946,068
Restricted assets 10,659,181 11,455,091
Cemetery perpetual care trust investments $ 1,317,345 $ 891,086