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Note 2 - Allowance For Loan Losses: Allowance for Credit Losses on Financing Receivables (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Allowance for Credit Losses on Financing Receivables

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2015

 

June 30, 2014

 

June 30, 2015

 

June 30, 2014

Allowance for Credit Losses:

 

 

 

 

 

 

 

 

Beginning Balance

 

$ 28,620,000   

 

$ 24,680,789   

 

$ 28,620,000   

 

$ 24,680,789   

    Provision for Loan Losses

 

6,528,953   

 

7,171,635   

 

12,751,029   

 

13,065,867   

    Charge-offs

 

(8,940,284)  

 

(8,300,168)  

 

(17,800,005)  

 

(16,743,300)  

    Recoveries

 

2,411,331   

 

2,324,544   

 

5,048,976   

 

4,873,444   

Ending Balance

 

$ 28,620,000   

 

$ 25,876,800   

 

$ 28,620,000   

 

$ 25,876,800   

 

 

 

 

 

 

 

 

 

Ending balance; collectively

    evaluated for impairment

 

$ 28,620,000   

 

$ 25,876,800   

 

$ 28,620,000   

 

$ 25,876,800   

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2015

 

June 30, 2014

 

June 30, 2015

 

June 30, 2014

Finance receivables:

 

 

 

 

 

 

 

 

Ending balance

 

$ 491,154,180   

 

$ 464,468,467   

 

$ 491,154,180   

 

$ 464,468,467   

Ending balance; collectively

    evaluated for impairment

 

$ 491,154,180   

 

$ 464,468,467   

 

$ 491,154,180   

 

$ 464,468,467