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1) Significant Accounting Policies: Stock Based Compensation (Policies)
12 Months Ended
Dec. 31, 2017
Policies  
Stock Based Compensation

Stock Based Compensation

 

The cost of employee services received in exchange for an award of equity instruments is recognized in the financial statements and is measured based on the fair value on the grant date of the award. The fair value of stock options is calculated using the Black Scholes Option Pricing Model. Stock option compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award and is included in personnel expenses on the consolidated statements of earnings.