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Note 2 - Allowance For Loan Losses: Troubled Debt Restructurings on Financing Receivables (Tables)
3 Months Ended
Mar. 31, 2019
Tables/Schedules  
Troubled Debt Restructurings on Financing Receivables

 

 

 

 

Number of

 Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

4,671   

 

$ 12,743,094   

 

$ 12,277,683   

Real Estate Loans

 

12   

 

260,332   

 

258,509   

Sales Finance Contracts

 

200   

 

675,882   

 

649,115   

    Total

 

4,883   

 

$ 13,679,308   

 

$ 13,185,307   

 

The following table presents a summary of loans that were restructured during the three months ended March 31, 2018.

 

 

 

Number of

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

3,857   

 

$ 8,985,852   

 

$ 8,667,000   

Real Estate Loans

 

11   

 

99,411   

 

99,181   

Sales Finance Contracts

 

133   

 

366,266   

 

350,851   

    Total

 

4,001   

 

$ 9,451,529   

 

$ 9,117,002   

 

TDRs that occurred during the twelve months ended March 31, 2019 and subsequently defaulted during the three months ended March 31, 2019 are listed below.

 

 

 

 

Number of

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

1,618   

 

$ 2,772,445   

Real Estate Loans

 

-   

 

-   

Sales Finance Contracts

 

75   

 

176,448   

    Total

 

1,693   

 

$ 2,948,893   

 

TDRs that occurred during the twelve months ended March 31, 2018 and subsequently defaulted during the three months ended March 31, 2018 are listed below.

 

 

 

 

Number of

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

1,359   

 

$ 2,068,054   

Real Estate Loans

 

-   

 

-   

Sales Finance Contracts

 

35   

 

74,239   

    Total

 

1,394   

 

$ 2,142,293