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Note 6: Loans Held For Investment: Non-Performing Loans Policy (Policies)
3 Months Ended
Dec. 31, 2012
Policies  
Non-Performing Loans Policy

For the quarters ended December 31, 2012 and 2011, the Corporation’s average investment in non-performing loans was $26.2 million and $35.3 million, respectively.  The Corporation records payments on non-performing loans utilizing the cash basis or cost recovery method of accounting during the periods when the loans are on non-performing status.  For the quarters ended December 31, 2012 and 2011, interest income of $1.5 million and $1.5 million, respectively, was recognized, based on cash receipts from loan payments on non-performing loans.  Foregone interest income, which would have been recorded had the non-performing loans been current in accordance with their original terms, amounted to $145,000 and $261,000 for the quarters ended December 31, 2012 and 2011, respectively, and was not included in the results of operations.