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3) Investments: Schedule of aging of mortgage loans (Tables)
 3 Months Ended
Mar. 31, 2019
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

March 31, 2019

 

 

 

 

 

 

 

 

 

Commercial

 $    3,626,950

 $                    -

 $                    -

 $              851,953

 $    4,478,903

 $     29,779,451

 $    34,258,354

 $        (187,129)

 $             25,582

 $    34,096,807

Residential

          9,148,810

      2,888,568

       2,306,154

                1,010,916

       15,354,448

        73,886,896

         89,241,344

         (1,147,884)

             (833,055)

        87,260,405

Residential   Construction

                          -

                        -

                        -

                  502,991

             502,991

         74,981,469

        75,484,460

             (43,202)

               (454,114)

         74,987,144

 

 

 

 

 

 

 

 

 

 

 

Total

 $   12,775,760

 $  2,888,568

 $   2,306,154

 $         2,365,860

 $  20,336,342

 $    178,647,816

 $    198,984,158

 $     (1,378,215)

 $       (1,261,587)

 $   196,344,356

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

                            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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