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Note 20: Mortgage Servicing Rights: Schedule of mortgage servicing rights (Tables)
 12 Months Ended
Dec. 31, 2015
Tables/Schedules  
Schedule of mortgage servicing rights

 

December 31

2015

2014

Amortized cost:

Balance before valuation allowance at beginning of year

 $   7,834,747

 $   4,844,101

MSRs received as proceeds from loan sales

      6,217,551

      3,741,381

Amortization

    (1,372,543)

       (750,735)

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

                  -

                  -

Balance before valuation allowance at year end

 $ 12,679,755

 $   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 year end

 $                -

 $                -

Mortgage servicing rights, net

$ 12,679,755

$   7,834,747

Estimated fair value of MSRs at year end

$ 13,897,160

$   8,485,570