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

 

 

Three Months Ended

 

Nine Months Ended

 

Sept. 30, 2015

 

Sept. 30, 2014

 

Sept. 30, 2015

 

Sept. 30, 2014

Allowance for Credit Losses:

 

 

 

 

 

 

 

Beginning Balance

$ 28,620,000   

 

$ 25,876,800   

 

$ 28,620,000   

 

$ 24,680,789   

    Provision for Loan Losses

10,872,712   

 

9,184,293   

 

23,623,741   

 

22,250,160   

    Charge-offs

(10,894,081)  

 

(9,542,987)  

 

(28,694,086)  

 

(26,286,287)  

    Recoveries

2,401,369   

 

2,158,694   

 

7,450,345   

 

7,032,138   

Ending Balance

$ 31,000,000   

 

$ 27,676,800   

 

$ 31,000,000   

 

$ 27,676,800   

Ending balance; collectively

    evaluated for impairment

$ 31,000,000   

 

$ 27,676,800   

 

$ 31,000,000   

 

$ 27,676,800   

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

Sept. 30, 2015

 

Sept. 30, 2014

 

Sept. 30, 2015

 

Sept. 30, 2014

Finance receivables:

 

 

 

 

 

 

 

Ending balance

$ 517,329,174   

 

$ 479,846,973   

 

$ 517,329,174   

 

$ 479,846,973   

Ending balance; collectively

    evaluated for impairment

$ 517,329,174   

 

$ 479,846,973   

 

$ 517,329,174   

 

$ 479,846,973