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3) Investments: Schedule of aging of mortgage loans (Tables)
 9 Months Ended
Sep. 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

 

 

 

 

 

 

 

 

 

 

September 30, 2013

Commercial

 $                       -

 $                       -

 $                        -

 $                          -

 $                          -

 $    37,567,592

 $      37,567,592

 $           (187,129)

 $      37,380,463

Residential

          1,938,382

             968,459

            8,117,303

             2,008,714

          13,032,858

        34,635,839

          47,668,697

         (3,725,488)

          43,943,209

Residential   Construction

                           -

                           -

                64,895

                226,629

                291,524

           9,594,063

             9,885,587

             (237,743)

            9,647,844

Total

 $      1,938,382

 $         968,459

 $        8,182,198

 $        2,235,343

 $      13,324,382

 $     81,797,494

 $        95,121,876

 $      (4,150,360)

 $        90,971,516

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.