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Note 2: Investments: The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented (Tables)
 12 Months Ended
Dec. 31, 2016
Tables/Schedules  
The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented:

 

Allowance for Credit Losses and Recorded Investment in Mortgage Loans

Years Ended December 31

Commercial

Residential

Residential Construction

Total

2016

Allowance for credit losses:

Beginning balance

 $      187,129

 $   1,560,877

 $      100,114

 $     1,848,120

   Charge-offs

                     -

       (420,135)

                     -

          (420,135)

   Provision

                     -

         320,798

                     -

           320,798

Ending balance

 $      187,129

 $   1,461,540

 $      100,114

 $     1,748,783

Ending balance: individually evaluated for impairment

 $                  -

 $      187,470

 $                  -

 $        187,470

Ending balance: collectively evaluated for impairment

 $      187,129

 $   1,274,070

 $      100,114

 $     1,561,313

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

Mortgage loans:

Ending balance

 $ 51,536,622

 $ 58,593,622

 $ 40,800,117

 $ 150,930,361

Ending balance: individually evaluated for impairment

 $      202,992

 $   2,916,538

 $        64,895

 $     3,184,425

Ending balance: collectively evaluated for impairment

 $ 51,333,630

 $ 55,677,084

 $ 40,735,222

 $ 147,745,936

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

2015

Allowance for credit losses:

Beginning balance

 $      187,129

 $   1,715,812

 $      100,114

 $     2,003,055

   Charge-offs

                     -

       (123,942)

                     -

          (123,942)

   Provision

                     -

         (30,993)

                     -

            (30,993)

Ending balance

 $      187,129

 $   1,560,877

 $      100,114

 $     1,848,120

Ending balance: individually evaluated for impairment

 $                  -

 $      305,962

 $                  -

 $        305,962

Ending balance: collectively evaluated for impairment

 $      187,129

 $   1,254,915

 $      100,114

 $     1,542,158

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

Mortgage loans:

Ending balance

 $ 33,522,978

 $ 46,020,490

 $ 34,851,557

 $ 114,395,025

Ending balance: individually evaluated for impairment

 $                  -

 $   3,087,161

 $        93,269

 $     3,180,430

Ending balance: collectively evaluated for impairment

 $ 33,522,978

 $ 42,933,329

 $ 34,758,287

 $ 111,214,594

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -