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

12 Months Ended

Dec. 31, 2019

Tables/Schedules

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

	December 31
	2019	2018
Balance, beginning of period	$          3,604,869	$          2,571,524
Provision for current loan originations (1)	643,284	1,148,334
Charge-offs, net of recaptured amounts	(201,865)	(114,989)
Balance, at December 31	$          4,046,288	$          3,604,869
(1) Included in Mortgage fee income