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

9 Months Ended

Sep. 30, 2019

Tables/Schedules

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

	As of September 30 2019	As of December 31 2018
Balance, beginning of period	$                3,604,869	$               2,571,524
Provision on current loan originations (1)	449,894	1,148,334
Charge-offs, net of recaptured amounts	(172,917)	(114,989)
Balance, end of period	$                3,881,846	$               3,604,869
(1) Included in mortgage fee income