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3) Investments: Schedule of loan loss reserve which is included in other liabilities and accrued expenses (Tables)
 6 Months Ended
Jun. 30, 2017
Tables/Schedules  
Schedule of loan loss reserve which is included in other liabilities and accrued expenses

 

 

As of June 30 2017

As of December 31 2016

Balance, beginning of period

 $                   627,733

 $               2,805,900

Provision on current loan originations (1)

                      953,453

                  2,988,754

Additional provision for loan loss reserve

                                  -

                  1,700,000

Charge-offs, net of recaptured amounts

                    (446,067)

                (6,866,921)

Balance, end of period

 $                1,135,119

 $                  627,733

(1) Included in Mortgage fee income