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4) Loans Held For Sale: Schedule of Mortgage Fee Income for Loans Held for Sale (Tables)
6 Months Ended
Jun. 30, 2019
Tables/Schedules  
Schedule of Mortgage Fee Income for Loans Held for Sale

 

 

Three Months Ended June 30

 

Six Months Ended June 30

 

2019

 

2018

 

2019

 

2018

Loan fees

 $        8,626,163

 

 $        7,843,728

 

 $      13,437,482

 

 $      13,589,036

Interest income

          1,690,098

 

          1,588,550

 

          2,904,730

 

          2,705,004

Secondary gains

         21,201,216

 

         21,765,939

 

         38,585,201

 

         36,318,341

Change in fair value of loan commitments

             603,797

 

                2,169

 

          1,536,324

 

             443,127

Change in fair value of loans held for sale

             977,799

 

             810,755

 

          1,216,586

 

          4,766,844

Provision for loan loss reserve

           (152,506)

 

           (302,061)

 

           (254,885)

 

           (653,112)

Mortgage fee income

 $      32,946,567

 

 $      31,709,080

 

 $      57,425,438

 

 $      57,169,240