XML 116 R99.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 20: Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)
 12 Months Ended
Dec. 31, 2016
Tables/Schedules  
Schedule of mortgage servicing rights

 

December 31

2016

2015

Amortized cost:

Balance before valuation allowance at beginning of year

 $ 12,679,755

 $   7,834,747

MSRs received as proceeds from loan sales

      8,603,154

      6,217,551

Amortization

    (2,410,547)

    (1,372,543)

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

                  -

                  -

Balance before valuation allowance at year end

 $ 18,872,362

 $ 12,679,755

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

$ 18,872,362

$ 12,679,755

Estimated fair value of MSRs at year end

$ 25,496,832

$ 13,897,160