23. INVESTMENT IN VBS MORTGAGE, LLC (Tables) - VBS MORTGAGE, LLC [Member]

12 Months Ended

Dec. 31, 2016

Balance Sheets

Balance Sheets

December 31, 2016 and 2015

	2016		2015
Assets
Cash and cash equivalents	$	1,397,411	$	1,071,293
Loans Receivable		5,749,139		763,534
Property and equipment, net		72,120		79,038
Other Assets		268,346		266,073
Total Assets	$	7,487,016	$	2,179,938
Liabilities
Lind of credit		4,713,054		-
Other liabilities		465,183		271,004
Total Liabilities	$	5,178,237	$	271,004
Equity
Capital		219,634		219,634
Retained earnings		2,089,145		1,689,300
Total Equity	$	2,308,779	$	1,908,934
Total Liabilities and Equity	$	7,487,016	$	2,179,938

Statements of Income

Statements of Income

For the years ended December 31, 2016, 2015 and 2014

	2016		2015		2014
Income
Mortgage origination income	$	3,314,350	$	2,645,235	$	1,907,804
Other Income		38,647		51,175		53,528
Total Income		3,352,997		2,696,410		1,961,332
Expenses
Salaries and employee benefits		1,819,537		1,413,107		1,105,902
Occupancy and equipment expense		223,698		212,858		177,014
Management and professional fees		337,605		290,102		321,053
Other		325,449		231,757		205,188
Total Expenses		2,706,289		2,147,824		1,809,157
Net income	$	646,708	$	548,586	$	152,175