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1. Summary of Significant Accounting Policies: Loans (Policies)
3 Months Ended
Mar. 31, 2018
Policies  
Loans

Loans

 

The Bank has both the positive intent and ability to hold the majority of its loans to maturity.  These loans are stated at the amount of unpaid principal, reduced by net unearned discount and an allowance for loan losses.  Interest income on loans is recognized as earned based on contractual interest rates applied to daily principal amounts outstanding and accretion of discount.