Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned

Real Estate Owned
9 Months Ended
Sep. 30, 2018
Banking and Thrift [Abstract]  
Real Estate Owned [Text Block]
Real Estate Owned
Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned.
As of September 30, 2018, real estate owned totaled $3,145,532, consisting of $887,606 of real estate held for rental and $2,257,926 of real estate held for sale. There is no valuation allowance on the real estate owned.