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3) Investments: Schedule of aging of mortgage loans (Tables)
 6 Months Ended
Jun. 30, 2013
Tables/Schedules  
Schedule of aging of mortgage loans

 

The following is a summary of the aging of mortgage loans for the periods presented:

 

Age Analysis of Past Due Mortgage Loans

 

 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

Commercial

 $          -

 $     327,608

 $   143,252

 $         -

 $      470,860

 $  34,838,954

 $  35,309,814

 $  (187,129)

 $ 35,122,685

Residential

     3,758,237

       255,547

      7,317,706

      3,224,378

     14,555,868

    33,539,749

      48,095,617

     (3,989,055)

      44,106,562

Residential  Construction

              -

              -

        64,895

        226,629

        291,524

      1,255,053

       1,546,577

       (237,743)

       1,308,834

Total

 $ 3,758,237

 $     583,155

 $   7,525,853

 $     3,451,007

 $ 15,318,252

 $  69,633,756

 $   84,952,008

 $ (4,413,927)

 $  80,538,081

December 31, 2012

Commercial

 $     581,984

 $        -

 $  143,252

 $         -

 $      725,236

 $  34,230,795

 $  34,956,031

 $         -

 $  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

(1) Interest income is not recognized on loans past due greater than 90 days or in foreclosure.