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3) Investments: Schedule of aging of mortgage loans (Tables)
 9 Months Ended
Sep. 30, 2018
Tables/Schedules  
Schedule of aging of mortgage loans

 

Age Analysis of Mortgage Loans Held for Investment

 

 

 

 

 

 

 

 

 

 

 

 

30-59 Days Past Due

60-89 Days Past Due

Greater Than 90 Days (1)

In Process of Foreclosure (1)

Total Past Due

Current

Total Mortgage Loans

Allowance for Loan Losses

Unamortized deferred loan fees, net

 Net Mortgage Loans

September 30, 2018

 

 

 

 

 

 

 

 

 

 

Commercial

 $     3,745,013

 $                    -

 $        195,911

 $                           -

 $    3,940,924

 $    28,928,523

 $    32,869,447

 $        (187,129)

 $            (20,919)

 $     32,661,399

Residential

       10,783,020

       1,769,338

       2,019,323

              1,068,942

       15,640,623

         64,290,184

        79,930,807

        (1,247,809)

             (678,985)

         78,004,013

Residential   Construction

                          -

                        -

       1,078,529

                               -

         1,078,529

        70,252,362

          71,330,891

             (35,220)

              (579,561)

           70,716,110

 

 

 

 

 

 

 

 

 

 

 

Total

 $   14,528,033

 $   1,769,338

 $  3,293,763

 $          1,068,942

 $  20,660,076

 $    163,471,069

 $      184,131,145

 $     (1,470,158)

 $      (1,279,465)

 $     181,381,522

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

Commercial

 $     1,943,495

 $                    -

 $                    -

 $                           -

 $     1,943,495

 $      53,011,370

 $    54,954,865

 $        (187,129)

 $             (67,411)

 $    54,700,325

Residential

         6,613,479

         495,347

       3,591,333

               1,332,219

       12,032,378

        90,494,733

          102,527,111

        (1,546,447)

            (1,164,130)

         99,816,534

Residential   Construction

                          -

                        -

          461,834

                               -

             461,834

        49,695,699

         50,157,533

             (35,220)

             (428,287)

        49,694,026

 

 

 

 

 

 

 

 

 

 

 

Total

 $    8,556,974

 $     495,347

 $   4,053,167

 $           1,332,219

 $   14,437,707

 $    193,201,802

 $  207,639,509

 $    (1,768,796)

 $      (1,659,828)

 $   204,210,885

                            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)  Interest income is not recognized on loans past due greater than 90 days or in foreclosure.