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4) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Tables)
9 Months Ended
Sep. 30, 2019
Tables/Schedules  
Schedule of Mortgage Fee Income for Loans Held for Sale

 

 

Three Months Ended September 30

 

Nine Months Ended September 30

 

2019

 

2018

 

2019

 

2018

Loan fees

 $        8,438,471

 

 $        7,758,284

 

 $      22,162,455

 

 $      21,347,320

Interest income

          2,127,775

 

          1,993,895

 

          5,032,505

 

          4,698,899

Secondary gains

         27,574,294

 

         22,315,022

 

         66,434,923

 

         58,633,363

Change in fair value of loan commitments

             378,899

 

               94,569

 

          1,915,223

 

             537,696

Change in fair value of loans held for sale

          1,411,322

 

           (203,623)

 

          2,065,978

 

          4,563,222

Provision for loan loss reserve

           (195,009)

 

           (293,443)

 

           (449,894)

 

           (946,556)

Mortgage fee income

 $      39,735,752

 

 $      31,664,704

 

 $      97,161,190

 

 $      88,833,944