XML 165 R95.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 20: Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)
 12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of mortgage servicing rights

 

December 31 2013

2014

2013

Amortized cost:

Balance before valuation allowance at beginning of year

 $   4,844,101

 $   2,797,470

MSRs received as proceeds from loan sales

      3,741,381

      2,494,254

Amortization

        (750,735)

       (447,623)

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

                  -

                  -

Balance before valuation allowance at year end

 $   7,834,747

 $   4,844,101

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

$   7,834,747

$   4,844,101

Estimated fair value of MSRs at year end

$   8,485,570

$   5,491,270