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Note 8: Fair Value of Financial Instruments: Schedule of Fair Value Measurements, Nonrecurring (Tables)

3 Months Ended

Sep. 30, 2012

AsOfJune302012Member

Schedule of Fair Value Measurements, Nonrecurring

		Quoted Prices
		in Active	Significant	Significant
		Markets for	Observable	Unobservable
		Identical Assets	Inputs	Inputs
	Total	(Level 1)	(Level 2)	(Level 3)
Assets accounted for at fair value on a nonrecurring basis
Mortgage loans on real estate	$ 4,762,000	$ -	$ -	$ 4,762,000
Other real estate owned held for investment	451,963	-	-	451,963
Total assets accounted for at fair value on a nonrecurring basis	$ 5,213,963	$ -	$ -	$ 5,213,963

as of December 31, 2011

Tables/Schedules

Schedule of Fair Value Measurements, Nonrecurring

		Quoted Prices
		in Active	Significant	Significant
		Markets for	Observable	Unobservable
		Identical Assets	Inputs	Inputs
	Total	(Level 1)	(Level 2)	(Level 3)
Assets accounted for at fair value on a nonrecurring basis

Mortgage loans on real estate	$ 5,354,600	-	-	$ 5,354,600
Other real estate owned held for investment	5,419,103	-	-	5,419,103
Other real estate owned held for sale	514,000	-	-	514,000

Total assets accounted for at fair value on a nonrecurring basis	$ 11,287,703	$ -	$ -	$ 11,287,703

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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