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Note 4: Loans and Allowance For Loan Losses: Schedule of Allowance for Loan Losses and Recorded Investment (Tables)
 3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Allowance for Loan Losses and Recorded Investment

 

At period end for the nine months ended March 31, 2014

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

  Balance, beginning of period

$1,809,975

$272,662

$3,602,542

$471,666

$2,229,135

$8,385,980

  Provision charged to expense

562,061

130,286

446,122

54,353

(145,100)

1,047,721

  Losses charged off

(150,254)

-

(69,457)

(49,947)

(516,800)

(786,458)

  Recoveries

14,777

-

960

15,190

9,286

40,213

  Balance, end of period

$2,236,559

$402,948

$3,980,167

$491,262

$1,576,520

$8,687,456

  Ending Balance: individually     evaluated for impairment

$-

$-

$-

$-

$-

$-

  Ending Balance: collectively     evaluated for impairment

$2,236,559

$402,948

$3,980,167

$491,262

$1,576,520

$8,687,456

  Ending Balance: loans acquired     with deteriorated credit quality

$-

$-

$-

$-

$-

$-

Loans:

  Ending Balance: individually     evaluated for impairment

$-

$-

$-

$-

$-

$-

  Ending Balance: collectively     evaluated for impairment

$293,091,263

$21,143,310

$302,738,045

$34,617,516

$120,926,415

$772,516,549

  Ending Balance: loans acquired     with deteriorated credit quality

$1,741,288

$-

$1,277,234

$-

$330,853

$3,349,375

 

For the three months ended March 31, 2014

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

  Balance, beginning of period

$2,131,432

$423,984

$3,786,856

$496,134

$2,246,499

$9,084,904

  Provision charged to expense

231,632

(21,036)

193,037

23,700

(173,902)

253,431

  Losses charged off

(127,192)

-

-

(32,881)

(503,534)

(663,607)

  Recoveries

687

-

274

4,309

7,458

12,728

  Balance, end of period

$2,236,559

$402,948

$3,980,167

$491,262

$1,576,520

$8,687,456

 

At period end for the nine months ended March 31, 2013

Residential

Construction

Commercial

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

  Balance, beginning of period

$1,635,346

$243,169

$2,985,838

$483,597

$2,144,104

$7,492,054

  Provision charged to expense

351,869

(47,926)

959,838

63,069

(25,769)

1,301,081

  Losses charged off

(239,270)

-

(417,071)

(21,005)

(29,466)

(706,812)

  Recoveries

337

-

4,918

8,782

8,497

22,534

  Balance, end of period

$1,748,282

$195,243

$3,533,523

$534,443

$2,097,366

$8,108,857

  Ending Balance: individually     evaluated for impairment

$-

$-

$100,000

$-

$-

$100,000

  Ending Balance: collectively     evaluated for impairment

$1,748,282

$195,243

$3,433,523

$534,443

$1,539,877

$7,451,368

  Ending Balance: loans acquired     with deteriorated credit quality

$-

$-

$-

$-

$557,489

$557,489

 

For the three months ended March 31, 2013

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

  Balance, beginning of period

$1,722,583

$152,256

$3,388,656

$526,386

$2,130,320

$7,920,201

  Provision charged to expense

61,615

42,987

144,410

18,389

(39,025)

228,375

  Losses charged off

(36,028)

-

-

(12,416)

-

(48,444)

  Recoveries

112

-

457

2,084

6,071

8,724

  Balance, end of period

$1,748,282

$195,243

$3,533,523

$534,443

$2,097,366

$8,108,856

 

June 30, 2013

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

  Balance, end of period

$1,809,975

$272,662

$3,602,542

$471,666

$2,229,135

$8,385,980

  Ending Balance: individually     evaluated for impairment

$-

$-

$85,000

$-

$-

$85,000

  Ending Balance: collectively     evaluated for impairment

$1,809,975

$272,662

$3,517,542

$471,666

$1,671,646

$7,743,491

  Ending Balance: loans acquired     with deteriorated credit quality

$-

$-

$-

$-

$557,489

$557,489

Loans:

  Ending Balance: individually     evaluated for impairment

$-

$-

$144,328

$-

$-

$144,328

  Ending Balance: collectively     evaluated for impairment

$232,186,722

$19,932,817

$240,888,891

$28,414,878

$129,735,511

$651,158,819

  Ending Balance: loans acquired     with deteriorated credit quality

$1,701,720

$-

$1,270,703

$-

$1,132,973

$4,105,396