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Note 2 - Allowance For Loan Losses: Troubled Debt Restructurings on Financing Receivables (Tables)
9 Months Ended
Sep. 30, 2019
Tables/Schedules  
Troubled Debt Restructurings on Financing Receivables

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

4,891

 

$ 14,728,552

 

$ 14,165,603

Real Estate Loans

 

17

 

166,560

 

166,560

Sales Finance Contracts

 

244

 

834,043

 

791,130

    Total

 

5,152

 

$ 15,729,155

 

$ 15,123,293

 

The following table presents a summary of loans that were restructured during the three months ended September 30, 2018.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

4,162

 

$ 11,025,238

 

$ 10,702,334

Real Estate Loans

 

11

 

114,010

 

111,556

Sales Finance Contracts

 

155

 

414,895

 

399,751

    Total

 

4,328

 

$ 11,554,143

 

$ 11,213,641

 

The following table presents a summary of loans that were restructured during the nine months ended September 30, 2019.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

13,681

 

$ 39,399,828

 

$ 37,818,108

Real Estate Loans

 

35

 

489,615

 

487,793

Sales Finance Contracts

 

616

 

2,192,823

 

2,087,154

    Total

 

14,332

 

$ 42,082,266

 

$ 40,393,055

 

The following table presents a summary of loans that were restructured during the nine months ended September 30, 2018.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

Post-Modification

Recorded

Investment

 

 

 

 

 

 

 

Consumer Loans

 

11,667

 

$ 29,000,014

 

$ 28,038,080

Real Estate Loans

 

35

 

311,583

 

302,117

Sales Finance Contracts

 

420

 

1,132,852

 

1,089,140

    Total

 

12,122

 

$ 30,444,449

 

$ 29,429,337

 

TDRs that occurred during the twelve months ended September 30, 2019 and subsequently defaulted during the three months ended September 30, 2019 are listed below.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

2,070

 

$ 3,893,834

Real Estate Loans

 

-

 

-

Sales Finance Contracts

 

64

 

187,803

    Total

 

2,134

 

$ 4,081,637

 

TDRs that occurred during the twelve months ended September 30, 2018 and subsequently defaulted during the three months ended September 30, 2018 are listed below.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

1,572

 

$ 2,445,911

Real Estate Loans

 

1

 

4,233

Sales Finance Contracts

 

56

 

104,284

    Total

 

1,629

 

$ 2,554,428

 

TDRs that occurred during the twelve months ended September 30, 2019 and subsequently defaulted during the nine months ended September 30, 2019 are listed below.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

4,932

 

$ 8,811,884

Real Estate Loans

 

-

 

-

Sales Finance Contracts

 

183

 

466,862

    Total

 

5,115

 

$ 9,278,746

 

TDRs that occurred during the twelve months ended September 30, 2018 and subsequently defaulted during the nine months ended September 30, 2018 are listed below.

 

 

 

 

Number

Loans

 

Pre-Modification

Recorded

Investment

 

 

 

 

 

Consumer Loans

 

3,817

 

$ 5,915,570

Real Estate Loans

 

1

 

4,233

Sales Finance Contracts

 

114

 

236,196

    Total

 

3,932

 

$ 6,155,999