XML 41 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727
11) Mortgage Servicing Rights: Schedule of Mortgage Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Mortgage Servicing Rights

 

The following is a summary of the MSR activity for the periods presented.

 

As of June 30, 2015

As of December 31, 2014

Amortized cost:

Balance before valuation allowance at beginning of year

 $       7,834,747

 $                 4,844,101

MSRs proceeds from loan sales

          2,716,641

                    3,741,381

Amortization

           (562,730)

                     (750,735)

Application of valuation allowance to write down MSRs    with other than temporary impairment

                         -

                                   -

Balance before valuation allowance at year end

 $       9,988,658

 $                 7,834,747

Valuation allowance for impairment of MSRs:

Balance at beginning of year

 $                      -

 $                                -

Additions

                         -

                                   -

Application of valuation allowance to write down MSRs    with other than temporary impairment

                         -

                                   -

Balance at end of period

 $                      -

 $                                -

Mortgage servicing rights, net

 $       9,988,658

 $                 7,834,747

Estimated fair value of MSRs at end of period

 $     11,599,670

 $                 8,485,570