v3.26.1
Note 8 - Allowance for Loan Losses From Mortgage Loans on Real Estate (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
   

(Unaudited)

 
   

Three Months Ended June 30,

 
   

Residential Mortgage Loans

   

Commercial Mortgage Loans

   

Total

 
   

2026

   

2025

   

2026

   

2025

   

2026

   

2025

 

Allowance, beginning

  $ 1,090,024     $ 1,027,453     $ 171,988     $ 71,288     $ 1,262,012     $ 1,098,741  

Charge offs

    -       -       -       -       -       -  

Recoveries

    -       -       -       -       -       -  

Provision

    3,339       123,150       17,453       18,983       20,792       142,133  

Allowance, ending

  $ 1,093,363     $ 1,150,603     $ 189,441     $ 90,271     $ 1,282,804     $ 1,240,874  
                                                 

Allowance, ending:

                                               

Individually evaluated for impairment

  $ -     $ -     $ -     $ -     $ -     $ -  

Collectively evaluated for impairment

  $ 1,093,363     $ 1,150,603     $ 189,441     $ 90,271     $ 1,282,804     $ 1,240,874  
                                                 

Carrying Values:

                                               

Individually evaluated for reserve allowance

  $ -     $ -     $ -     $ -     $ -     $ -  

Collectively evaluated for reserve allowance

  $ 217,579,322     $ 228,970,075     $ 37,698,793     $ 17,963,830     $ 255,278,115     $ 246,933,905  
   

(Unaudited)

 
   

Six Months Ended June 30,

 
   

Residential Mortgage Loans

   

Commercial Mortgage Loans

   

Total

 
   

2026

   

2025

   

2026

   

2025

   

2026

   

2025

 

Allowance, beginning

  $ 1,099,470     $ 964,035     $ 150,173     $ 71,930     $ 1,249,643     $ 1,035,965  

Charge offs

    -       -       -       -       -       -  

Recoveries

    -       -       -       -       -       -  

Provision

    (6,107 )     186,568       39,268       18,341       33,161       204,909  

Allowance, ending

  $ 1,093,363     $ 1,150,603     $ 189,441     $ 90,271     $ 1,282,804     $ 1,240,874  
                                                 

Allowance, ending:

                                               

Individually evaluated for impairment

  $ -     $ -     $ -     $ -     $ -     $ -  

Collectively evaluated for impairment

  $ 1,093,363     $ 1,150,603     $ 189,441     $ 90,271     $ 1,282,804     $ 1,240,874  
                                                 

Carrying Values:

                                               

Individually evaluated for reserve allowance

  $ -     $ -     $ -     $ -     $ -     $ -  

Collectively evaluated for reserve allowance

  $ 217,579,322     $ 228,970,075     $ 37,698,793     $ 17,963,830     $ 255,278,115     $ 246,933,905  
Financing Receivable Credit Quality Indicators [Table Text Block]
   

Residential Mortgage Loans

   

Commercial Mortgage Loans

   

Total Mortgage Loans

 
   

(Unaudited)

           

(Unaudited)

           

(Unaudited)

         

Loan-To-Value Ratio

 

June 30, 2026

   

December 31, 2025

   

June 30, 2026

   

December 31, 2025

   

June 30, 2026

   

December 31, 2025

 

Over 70% to 80%

  $ 83,614,686     $ 80,961,159     $ 2,750,745     $ 2,994,034     $ 86,365,431     $ 83,955,193  

Over 60% to 70%

    59,847,321       57,882,384       6,388,109       4,219,456       66,235,430       62,101,840  

Over 50% to 60%

    37,086,795       41,230,931       7,939,553       2,955,812       45,026,348       44,186,743  

Over 40% to 50%

    19,790,519       20,034,515       7,124,837       8,882,500       26,915,356       28,917,015  

Over 30% to 40%

    8,275,609       10,765,292       4,585,662       4,641,724       12,861,271       15,407,016  

Over 20% to 30%

    6,001,339       5,555,166       4,439,626       2,916,747       10,440,965       8,471,913  

Over 10% to 20%

    3,712,765       3,899,780       4,221,782       3,018,417       7,934,547       6,918,197  

10% or less

    1,143,609       686,081       248,479       255,716       1,392,088       941,797  

Total

  $ 219,472,643     $ 221,015,308     $ 37,698,793     $ 29,884,406     $ 257,171,436     $ 250,899,714