Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned

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Real Estate Owned
3 Months Ended
Mar. 31, 2018
Banking and Thrift [Abstract]  
Real Estate Owned [Text Block]
4.
Real Estate Owned
 
Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned.
 
As of March 31, 2018, real estate owned totaled $1,235,409 and is held for rental purposes. There is no valuation allowance on the real estate owned.