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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, 2017

Allowance for Credit Losses and Recorded Investment in Mortgage Loans Held for Investment
Years Ended December 31

	Commercial	Residential	Residential Construction	Total
2017
Allowance for credit losses:
Beginning balance	$ 187,129	$ 1,461,540	$ 100,114	$ 1,748,783
Charge-offs	-	(351,357)	(64,894)	(416,251)
Provision	-	436,264	-	436,264
Ending balance	$ 187,129	$ 1,546,447	$ 35,220	$ 1,768,796

Ending balance: individually evaluated for impairment	$ -	$ 237,560	$ -	$ 237,560

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,308,887	$ 35,220	$ 1,531,236

Mortgage loans:
Ending balance	$ 54,954,865	$ 102,527,111	$ 50,157,533	$ 207,639,509

Ending balance: individually evaluated for impairment	$ -	$ 4,923,552	$ 461,834	$ 5,385,386

Ending balance: collectively evaluated for impairment	$ 54,954,865	$ 97,603,559	$ 49,695,699	$ 202,254,123

2016
Allowance for credit losses:
Beginning balance	$ 187,129	$ 1,560,877	$ 100,114	$ 1,848,120
Charge-offs	-	(420,135)	-	(420,135)
Provision	-	320,798	-	320,798
Ending balance	$ 187,129	$ 1,461,540	$ 100,114	$ 1,748,783

Ending balance: individually evaluated for impairment	$ -	$ 187,470	$ -	$ 187,470

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,274,070	$ 100,114	$ 1,561,313

Mortgage loans:
Ending balance	$ 51,536,622	$ 58,593,622	$ 40,800,117	$ 150,930,361

Ending balance: individually evaluated for impairment	$ 202,992	$ 2,916,538	$ 64,895	$ 3,184,425

Ending balance: collectively evaluated for impairment	$ 51,333,630	$ 55,677,084	$ 40,735,222	$ 147,745,936