4) Loans Held For Sale: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)

3 Months Ended

Mar. 31, 2018

Tables/Schedules

Schedule of loan loss reserve which is included in other liabilities and accrued expenses

	As of March 31 2018	As of December 31 2017
Balance, beginning of period	$                2,571,524	$                  627,733
Provision on current loan originations (1)	351,051	1,851,187
Charge-offs, net of recaptured amounts	(10,420)	92,604
Balance, end of period	$                2,912,155	$               2,571,524
(1) Included in Mortgage fee income