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Note 2: Investments: Schedule of aging of mortgage loans (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of aging of mortgage loans

 

 

Age Analysis of Past Due Mortgage Loans

 Years Ended December 31, 2012 and 2011

 

30-59 Days Past Due

60-89 Days Past Due

Greater Than 90 Days 1)

In Foreclosure 1)

Total Past Due

Current

Total Mortgage Loans

Allowance for Loan Losses

Net Mortgage Loans

2012

Commercial

$581,984

$0

$143,252

$0

$725,236

$34,230,795

$34,956,031

$0

$34,956,031

Residential

2,963,259

1,345,247

5,208,742

4,692,517

14,209,765

36,375,158

50,584,923

(4,193,674)

46,391,249

Residential   Construction

-

-

288,468

1,346,126

1,634,594

1,526,518

3,161,112

(46,187)

3,114,925

Total

$3,545,243

$1,345,247

$5,640,462

$6,038,643

$16,569,595

$72,132,471

$88,702,066

$(4,239,861)

$84,462,205

2011

Commercial

$0

$0

$1,053,500

$2,758,235

$3,811,735

$44,621,412

$48,433,147

$0

$48,433,147

Residential

2,478,084

2,058,261

5,500,340

4,611,995

14,648,680

39,695,647

54,344,327

(4,338,805)

50,005,522

Residential   Construction

859,651

682,532

309,651

5,645,865

7,497,699

9,761,967

17,259,666

(542,368)

16,717,298

Total

$3,337,735

$2,740,793

$6,863,491

$13,016,095

$25,958,114

$94,079,026

$120,037,140

$(4,881,173)

$115,155,967

1)  There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.