Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned

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Real Estate Owned
6 Months Ended
Jun. 30, 2017
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 June 30, 2017, real estate owned totaled $1,287,126, with no valuation allowance, all of which is held for rental.