8. Loan Servicing

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

Note 8. Loan Servicing

The following table shows the changes in the carrying amount of the mortgage servicing rights, included in other assets on the consolidated balance sheets, for the periods indicated:

	September 30,			December 31,			September 30,
	2013			2012			2012
Balance at beginning of year	$	1,009,623		$	1,097,442		$	1,097,442
Mortgage servicing rights capitalized		215,196			406,807			313,082
Mortgage servicing rights amortized		(259,697	)		(409,584	)		(314,100	)
Change in valuation allowance		262,668			(85,042	)		(91,087	)
Balance at end of period	$	1,227,790		$	1,009,623		$	1,005,337