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2) Investments: Schedule of aging of mortgage loans (Tables)
 12 Months Ended
Dec. 31, 2018
Tables/Schedules  
Schedule of aging of mortgage loans

Age Analysis of Past Due Mortgage Loans Held for Investment

Years Ended December 31

 

 

 

 

 

 

 

 

 

 

 

 

 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

2018

 

 

 

 

 

 

 

 

 

 

Commercial

 $   4,588,424

 $                     -

 $          196,182

 $                        -

 $    4,784,606

 $      23,001,321

 $       27,785,927

 $         (187,129)

 $         32,003

 $     27,630,801

Residential

       9,899,380

        2,312,252

          1,715,362

           1,224,289

         15,151,283

         74,784,317

           89,935,600

          (1,125,623)

           (862,411)

        87,947,566

Residential   Construction

                         -

                         -

                          -

              502,991

             502,991

        70,863,553

            71,366,544

              (35,220)

         (444,622)

        70,886,702

 

 

 

 

 

 

 

 

 

 

 

Total

 $  14,487,804

 $    2,312,252

 $       1,911,544

 $       1,727,280

 $  20,438,880

 $     168,649,191

 $       189,088,071

 $     (1,347,972)

 $  (1,275,030)

 $   186,465,069

 

 

 

 

 

 

 

 

 

 

 

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)  There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.