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14) Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)
 3 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of mortgage servicing rights

The following is a summary of the MSR activity for the periods presented.

As of March 31

As of December 31

2013

2012

Amortized cost:

Balance before valuation allowance at beginning of year

 $        2,797,470

 $                        -

MSRs received as proceeds from loan sales

             741,473

              2,797,470

Amortization

               86,522

                           -

Application of valuation allowance to write down MSRs    with other than temporary impairment

                       -

                           -

Balance before valuation allowance at year end

 $        3,452,421

 $            2,797,470

Valuation allowance for impairment of MSRs:

Balance at beginning of year

 $                    -

 $                        -

Additions

                       -

                           -

Application of valuation allowance to write down MSRs    with other than temporary impairment

                       -

                           -

Balance at year end

 $                    -

 $                        -

Mortgage servicing rights, net

 $        3,452,421

 $            2,797,470

Estimated fair value of MSRs at year end

$        3,452,421

$            2,797,470