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Note 2 - Allowance For Loan Losses: Allowance for Credit Losses on Financing Receivables (Tables)
3 Months Ended
Mar. 31, 2016
Tables/Schedules  
Allowance for Credit Losses on Financing Receivables

 

 

 

Three months ended

 

 

Mar. 31, 2016

 

Mar. 31, 2015

Allowance for Credit Losses:

 

 

 

 

Beginning Balance

 

$ 33,500,000   

 

$ 28,620,000   

Provision for Loan Losses

 

11,179,000   

 

6,222,076   

Charge-offs

 

(13,103,150)  

 

(8,859,721)  

Recoveries

 

2,924,150   

 

2,637,645   

Ending Balance

 

$ 34,500,000   

 

$ 28,620,000   

 

 

 

 

 

Ending Balance; collectively evaluated for impairment

 

$ 34,500,000   

 

$ 28,620,000   

 

 

 

 

 

Finance receivables:

 

 

 

 

Ending Balance

 

$ 510,302,056   

 

$ 478,730,736   

Ending Balance; collectively evaluated for impairment

 

$ 510,302,056   

 

$ 478,730,736