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Loans Held for Sale (Tables) | 6 Months Ended
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Jun. 30, 2021
Loans Held For Sale |
Aggregate fair value - Loans Held for Sale |
Aggregate fair value - Loans Held for Sale |  |  |  |
|  | As of June 30 2021 |  | As of December 31 2020
Aggregate fair value |  | $ | 296,728,086 |  |  | $ | 422,772,418 |
Unpaid principal balance |  |  | 287,867,995 |  |  |  | 406,407,323 |
Unrealized gain |  |  | 8,860,091 |  |  |  | 16,365,095 |
Schedule of Mortgage Fee Income for Loans Held for Sale |
Schedule of Mortgage Fee Income for Loans Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended June 30 |  | Six Months Ended June 30
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Loan fees |  | $ | 9,154,621 |  |  | $ | 15,226,535 |  |  | $ | 18,694,577 |  |  | $ | 22,940,750 |
Interest income |  |  | 2,188,380 |  |  |  | 2,601,605 |  |  |  | 4,500,181 |  |  |  | 4,282,063 |
Secondary gains |  |  | 56,020,876 |  |  |  | 49,422,815 |  |  |  | 124,459,809 |  |  |  | 77,269,683 |
Change in fair value of loan commitments |  |  | (482,863 | ) |  |  | 5,278,100 |  |  |  | (168,397 | ) |  |  | 8,553,132 |
Change in fair value of loans held for sale |  |  | (1,114,632 | ) |  |  | 2,363,713 |  |  |  | (8,060,513 | ) |  |  | 2,742,010 |
Provision for loan loss reserve |  |  | (608,569 | ) |  |  | (1,524,435 | ) |  |  | (1,269,232 | ) |  |  | (2,137,544 | )
Mortgage fee income |  | $ | 65,157,813 |  |  | $ | 73,368,333 |  |  | $ | 138,156,425 |  |  | $ | 113,650,094 |
Schedule of loan loss reserve which is included in other liabilities and accrued expenses |
Schedule of loan loss reserve which is included in other liabilities and accrued expenses |  |  |  |
|  | As of June 30 2021 |  | As of December 31 2020
Balance, beginning of period |  | $ | 20,583,618 |  |  | $ | 4,046,288 |
Provision on current loan originations (1) |  |  | 1,269,232 |  |  |  | 4,938,214 |
Additional provision for loan loss reserve |  |  | — |  |  |  | 16,506,030 |
Charge-offs, net of recaptured amounts |  |  | (19,440,198 | ) |  |  | (4,906,914 | )
Balance, end of period |  | $ | 2,412,652 |  |  | $ | 20,583,618 |
(1) | Included in mortgage fee income

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