XML 44 R33.htm IDEA: XBRL DOCUMENT

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Tables)

3 Months Ended

Mar. 31, 2018

Allowance for Credit Losses and Recorded Investment in Mortgage Loans

	Commercial	Residential	Residential Construction	Total
March 31, 2018
Allowance for credit losses:
Beginning balance - January 1, 2018	$ 187,129	$ 1,546,447	$ 35,220	$ 1,768,796
Charge-offs	-	-	-	-
Provision	-	(72,425)	-	(72,425)
Ending balance - March 31, 2018	$ 187,129	$ 1,474,022	$ 35,220	$ 1,696,371

Ending balance: individually evaluated for impairment	$ -	$ 292,220	$ -	$ 292,220

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,181,802	$ 35,220	$ 1,404,151

Mortgage loans:
Ending balance	$ 52,384,376	$ 101,665,364	$ 54,254,054	$ 208,303,794

Ending balance: individually evaluated for impairment	$ -	$ 5,362,963	$ -	$ 5,362,963

Ending balance: collectively evaluated for impairment	$ 52,384,376	$ 96,302,401	$ 54,254,054	$ 202,940,831

December 31, 2017
Allowance for credit losses:
Beginning balance - January 1, 2017	$ 187,129	$ 1,461,540	$ 100,114	$ 1,748,783
Charge-offs	-	(351,357)	(64,894)	(416,251)
Provision	-	436,264	-	436,264
Ending balance - December 31, 2017	$ 187,129	$ 1,546,447	$ 35,220	$ 1,768,796

Ending balance: individually evaluated for impairment	$ -	$ 237,560	$ -	$ 237,560

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,308,887	$ 35,220	$ 1,531,236

Mortgage loans:
Ending balance	$ 54,954,865	$ 102,527,111	$ 50,157,533	$ 207,639,509

Ending balance: individually evaluated for impairment	$ -	$ 4,923,552	$ 461,834	$ 5,385,386

Ending balance: collectively evaluated for impairment	$ 54,954,865	$ 97,603,559	$ 49,695,699	$ 202,254,123