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

6 Months Ended

Jun. 30, 2018

Tables/Schedules

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

	As of June 30 2018	As of December 31 2017
Balance, beginning of period	$                2,571,524	$                  627,733
Provision on current loan originations (1)	653,112	1,851,187
Charge-offs, net of recaptured amounts	(44,382)	92,604
Balance, end of period	$                3,180,254	$               2,571,524
(1) Included in Mortgage fee income