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Note 2: Investments: The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented (Tables)
 12 Months Ended
Dec. 31, 2014
Tables/Schedules  
The Following Is A Summary of The Allowance For Loan Losses As A Contra-asset Account For The Periods Presented:

 

Allowance for Credit Losses and Recorded Investment in Mortgage Loans

For the Years Ended December 31, 2014, and 2013

Commercial

Residential

Residential Construction

Total

2014

Allowance for credit losses:

Beginning balance

 $      187,129

 $   1,364,847

 $      100,114

 $     1,652,090

   Charge-offs

                     -

         (38,444)

                     -

            (38,444)

   Provision

                     -

         389,409

                     -

           389,409

Ending balance

 $      187,129

 $   1,715,812

 $      100,114

 $     2,003,055

Ending balance: individually evaluated for impairment

 $                  -

 $      153,446

 $                  -

 $        153,446

Ending balance: collectively evaluated for impairment

 $      187,129

 $   1,562,366

 $      100,114

 $     1,849,609

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

Mortgage loans:

Ending balance

 $ 35,388,756

 $ 53,592,433

 $ 33,071,938

 $ 122,053,127

Ending balance: individually evaluated for impairment

 $                  -

 $   1,556,182

 $      414,499

 $     1,970,681

Ending balance: collectively evaluated for impairment

 $ 35,388,756

 $ 52,036,251

 $ 32,657,439

 $ 120,082,446

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

2013

Allowance for credit losses:

Beginning balance

 $                  -

 $   4,193,674

 $        46,187

 $     4,239,861

   Charge-offs

                     -

    (2,670,794)

       (137,629)

       (2,808,423)

   Provision

         187,129

       (158,033)

         191,556

           220,652

Ending balance

 $      187,129

 $   1,364,847

 $      100,114

 $     1,652,090

Ending balance: individually evaluated for impairment

 $                  -

 $      152,745

 $                  -

 $        152,745

Ending balance: collectively evaluated for impairment

 $      187,129

 $   1,212,102

 $      100,114

 $     1,499,345

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -

Mortgage loans:

Ending balance

 $ 41,653,009

 $ 49,868,486

 $ 12,912,473

 $ 104,433,968

Ending balance: individually evaluated for impairment

 $                  -

 $   1,518,327

 $                  -

 $     1,518,327

Ending balance: collectively evaluated for impairment

 $ 41,653,009

 $ 48,350,159

 $ 12,912,473

 $ 102,915,641

Ending balance: loans acquired with deteriorated credit quality

 $                  -

 $                  -

 $                  -

 $                    -