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4) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2018
Tables/Schedules  
Schedule of Mortgage Fee Income for Loans Held for Sale

 

Three Months Ended March 31

2018

2017

Loan fees

 $        5,745,309

 $        9,304,925

Interest income

          1,116,454

          1,734,527

Secondary gains

         15,578,495

         26,194,350

Change in fair value of loan commitments

             440,958

          2,167,593

Change in fair value of loans held for sale

          2,929,996

(1)

                       -

Provision for loan loss reserve

           (351,051)

           (426,634)

Mortgage fee income

 $      25,460,160

 $      38,974,760

                            

(1) See Fair Value Option Election