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Loans Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2021
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
                    
   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
      
   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