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2) Investments: The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented (Tables)
 12 Months Ended
Dec. 31, 2018
Tables/Schedules  
The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented:

 

Allowance for Credit Losses and Recorded Investment in Mortgage Loans Held for Investment

Years Ended December 31

 

 

 

 

 

 

 

 

 

Commercial

 

Residential

 

Residential Construction

 

Total

2018

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

Beginning balance

 $      187,129

 

 $     1,546,447

 

 $        35,220

 

 $     1,768,796

   Charge-offs

                     -

 

             (5,725)

 

                     -

 

              (5,725)

   Provision

                     -

 

         (415,099)

 

                     -

 

          (415,099)

Ending balance

 $      187,129

 

 $     1,125,623

 

 $        35,220

 

 $     1,347,972

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 $                  -

 

 $          74,185

 

 $                  -

 

 $          74,185

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 $      187,129

 

 $     1,051,438

 

 $        35,220

 

 $     1,273,787

 

 

 

 

 

 

 

 

Mortgage loans:

 

 

 

 

 

 

 

Ending balance

 $ 27,785,927

 

 $   89,935,600

 

 $ 71,366,544

 

 $ 189,088,071

 

 

 

 

 

 

 

 

Ending balance: individually evaluated for impairment

 $      196,182

 

 $     2,939,651

 

 $      502,991

 

 $     3,638,824

 

 

 

 

 

 

 

 

Ending balance: collectively evaluated for impairment

 $ 27,589,745

 

 $   86,995,949

 

 $ 70,863,553

 

 $ 185,449,247

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

Allowance for credit losses:

 

 

 

 

 

 

 

Beginning balance

 $      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

 $      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