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17) Fair Value of Financial Instruments: Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs (Tables)
12 Months Ended
Dec. 31, 2019
As of December 31, 2019  
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

 

 

 

Net Derivatives Loan Commitments

 

Loans Held for Sale

 

Fixed Maturity Securities Available for Sale

 

 

 

 

 

 

 

Balance - December 31, 2018

 

$           1,591,816

 

$      136,210,853

 

$                             -

Originations/purchases

 

                            -

 

     2,606,839,175

 

                               -

Sales

 

                            -

 

    (2,580,875,055)

 

                               -

Transfer to mortgage loans held for investment

 

                            -

 

         (31,881,851)

 

                               -

Transfer from fixed maturity securities held to maturity

 

                            -

 

 

 

                3,216,382

Total gains (losses):

 

 

 

 

 

 

Included in earnings (1)

 

                899,417

 

          83,164,510

 

                               -

 

 

 

 

 

 

 

Balance - December 31, 2019

 

$           2,491,233

 

$      213,457,632

 

$              3,216,382

 

 

 

 

 

 

 

(1) As a component of mortgage fee income on the consolidated statements of earnings

As of December 2018  
Schedule of Changes in the consolidated balance sheet line items measured using level 3 inputs

 

 

 

Net Derivatives Loan Commitments

 

Loans Held for Sale

 

 

 

 

 

Balance - December 31, 2017

 

$           1,996,589

 

$      133,414,188

Originations

 

 

 

     2,194,607,543

Sales

 

 

 

    (2,259,145,473)

Transfer to mortgage loans held for investment

 

 

 

         (10,827,797)

Total gains (losses):

 

 

 

 

Included in earnings (1)

 

               (404,773)

 

          78,162,392

 

 

 

 

 

Balance - December 31, 2018

 

$           1,591,816

 

$      136,210,853

 

 

 

 

 

(1) As a component of mortgage fee income on the consolidated statements of earnings