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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Loan Servicing and Origination Fee Income (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Loan Servicing and Origination Fee Income

Loan Servicing and Origination Fee Income

 

Loan servicing income represents fees earned for servicing real estate mortgage loans owned by various investors.  The fees are generally calculated on the outstanding principal balances of the loans serviced and are recorded as income when earned.  Loan origination fees, net of direct loan origination costs, are recognized as income using the level-yield method over the contractual life of the loan.