v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $385,103,571 and $382,401,293 for 2026 and 2025, respectively; net of allowance for credit losses of $840,660 and $579,450 for 2026 and 2025, respectively) $ 380,428,850 $ 382,777,918
Equity securities at estimated fair value (cost of $12,540,527 and $12,206,559 for 2026 and 2025, respectively) 20,782,573 18,050,062
Mortgage loans held for investment (net of allowance for credit losses of $2,255,193 and $2,588,918 for 2026 and 2025, respectively) 290,685,188 322,435,385
Real estate held for investment (net of accumulated depreciation of $40,031,834 and $37,159,212 for 2026 and 2025, respectively) 235,071,387 214,897,130
Real estate held for sale 9,581,314 6,424,027
Other investments and policy loans (net of allowance for credit losses of $1,476,295 and $1,676,468 for 2026 and 2025, respectively) 80,052,870 85,223,293
Accrued investment income 9,393,407 9,054,645
Total investments 1,025,995,589 1,038,862,460
Cash and cash equivalents 163,441,869 102,256,828
Loans held for sale at estimated fair value 146,871,985 155,968,266
Receivables (net of allowance for credit losses of $1,546,298 and $1,428,672 for 2026 and 2025, respectively) 17,030,422 15,611,074
Restricted assets (including $18,729,073 and $16,106,168 for 2026 and 2025 respectively, at estimated fair value) 33,264,026 28,805,946
Cemetery perpetual care trust investments (including $7,141,438 and $6,575,744 for 2026 and 2025, respectively, at estimated fair value) 10,470,650 9,871,947
Receivable from reinsurers 12,827,092 13,655,373
Cemetery land and improvements 11,288,853 11,299,283
Mortgage servicing rights, net 2,447,105 2,528,459
Property and equipment, net 17,597,125 18,211,717
Deferred policy and pre-need contract acquisition costs 139,967,487 135,978,803
Value of business acquired 6,875,524 7,109,186
Goodwill 5,253,783 5,253,783
Other 15,983,458 16,431,479
Total Assets 1,609,314,968 1,561,844,604
Liabilities    
Future policy benefits and unpaid claims 799,072,640 799,706,946
Policyholder account balances 138,026,432 140,605,750
Unearned premium reserve 1,738,407 1,824,796
Bank and other loans payable 122,230,135 98,387,919
Deferred pre-need funeral home and cemetery contract revenues 24,611,358 22,991,603
Cemetery perpetual care obligation 6,086,723 5,918,776
Accounts payable 3,887,774 4,150,119
Other liabilities and accrued expenses 52,877,010 51,969,405
Income taxes 27,748,571 25,920,562
Total liabilities 1,176,279,050 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 101,194,577 89,867,763
Accumulated other comprehensive gain, net of taxes 35,174,704 28,762,123
Retained earnings 251,835,042 248,795,475
Treasury stock at cost - 1,221,516 Class A shares and 117,184 Class C shares as of June 30, 2026; and 1,154,131 (1) Class A shares and 110,184 (1) Class C shares as of December 31, 2025 (9,914,561) (9,088,357)
Total stockholders’ equity 433,035,918 410,368,728
Total Liabilities and Stockholders’ Equity 1,609,314,968 1,561,844,604
Common Class A [Member]    
Stockholders’ Equity    
Common stock value 47,167,896 44,857,250
Common Class B [Member]    
Stockholders’ Equity    
Common stock value
Common Class C [Member]    
Stockholders’ Equity    
Common stock value $ 7,578,260 $ 7,174,474