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14) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)
 9 Months Ended
Sep. 30, 2013
Tables/Schedules  
Schedule of mortgage servicing rights

The following is a summary of the MSR activity for the periods presented.

As of September 30

As of December 31

2013

2012

Amortized cost:

Balance before valuation allowance at beginning of year

 $         2,797,470

 $                        -

MSRs received as proceeds from loan sales

            1,851,221

              2,797,470

Amortization

             (312,675)

                           -

Application of valuation allowance to write down MSRs    with other than temporary impairment

                        -

                           -

Balance before valuation allowance at year end

 $         4,336,016

 $            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

 $         4,336,016

 $            2,797,470

Estimated fair value of MSRs at year end

$         4,336,016

$            2,797,470