XML 51 R36.htm IDEA: XBRL DOCUMENT

3) Investments: Schedule of Allowance for loan losses as a contra-asset account (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Allowance for loan losses as a contra-asset account

Allowance for Credit Losses and Recorded Investment in Mortgage Loans

	Commercial	Residential	Residential Construction	Total
March 31, 2019
Allowance for credit losses:
Beginning balance - January 1, 2019	$ 187,129	$ 1,125,623	$ 35,220	$ 1,347,972
Charge-offs	-	(24,141)	-	(24,141)
Provision	-	46,402	7,982	54,384
Ending balance - March 31, 2019	$ 187,129	$ 1,147,884	$ 43,202	$ 1,378,215

Ending balance: individually evaluated for impairment	$ -	$ 39,884	$ -	$ 39,884

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,108,000	$ 43,202	$ 1,338,331

Mortgage loans:
Ending balance	$ 34,258,354	$ 89,241,344	$ 75,484,460	$ 198,984,158

Ending balance: individually evaluated for impairment	$ 851,953	$ 3,317,070	$ 502,991	$ 4,672,014

Ending balance: collectively evaluated for impairment	$ 33,406,401	$ 85,924,274	$ 74,981,469	$ 194,312,144

December 31, 2018
Allowance for credit losses:
Beginning balance - January 1, 2018	$ 187,129	$ 1,546,447	$ 35,220	$ 1,768,796
Charge-offs	-	(5,725)	-	(5,725)
Provision	-	(415,099)	-	(415,099)
Ending balance - December 31, 2018	$ 187,129	$ 1,125,623	$ 35,220	$ 1,347,972

Ending balance: individually evaluated for impairment	$ -	$ 74,185	$ -	$ 74,185

Ending balance: collectively evaluated for impairment	$ 187,129	$ 1,051,438	$ 35,220	$ 1,273,787

Mortgage loans:
Ending balance	$ 27,785,927	$ 89,935,600	$ 71,366,544	$ 189,088,071

Ending balance: individually evaluated for impairment	$ 196,182	$ 2,939,651	$ 502,991	$ 3,638,824

Ending balance: collectively evaluated for impairment	$ 27,589,745	$ 86,995,949	$ 70,863,553	$ 185,449,247