American Church Mortgage (ACMC) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2014	Aug. 13, 2014
Document And Entity Information	'	'
Entity Registrant Name	'American Church Mortgage Company	'
Entity Central Index Key	'0000934543	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$1,677,798
Entity Common Stock, Shares Outstanding	'	1,677,798
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Balance_Sheets

Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets	'	'
Cash and equivalents	$2,707,875	$3,143,377
Accounts receivable	216,851	197,687
Interest receivable	127,873	129,972
Current maturities of mortgage loans receivable, net of allowance of $28,107 and $25,269 and deferred origination fees of $21,704 and $24,007 at June 30, 2014 and December 31, 2013, respectively	648,259	660,490
Current maturities of bond portfolio, at fair value	894,750	796,000
Prepaid expenses	10,037	6,638
Total current assets	4,605,645	4,934,164
Mortgage Loans Receivable, net of current maturities, allowance of$994,031 and $924,424 and deferred origination fess of $309,936 and $324,861 at June 30, 2014 and December 31, 2013, respectively	23,383,317	24,716,310
Bond Portfolio, at fair value, net of current maturities	9,092,648	8,283,442
Real Estate Held for Sale	517,422	562,722
Deferred Offering Costs, net of accumulated amortization of $782,070 and $728,012 at June 30, 2014 and December 31, 2013, respectively	668,303	709,919
Total Assets	38,267,335	39,206,557
Current Liabilities	'	'
Current maturities of secured investor certificates	2,221,000	1,876,000
Accounts payable	41,428	21,565
Dividends payable	134,224	167,780
Total current liabilities	2,396,652	2,065,345
Deposit on real estate held for sale	61,600	61,600
Secured Investor Certificates, Series B, net of current maturities	15,710,000	15,887,000
Secured Investor Certificates, Series C	6,997,000	7,932,000
Total liabilities	25,165,252	25,945,945
Stockholders' Equity	'	'
Common stock, par value $.01 per share, Authorized, 30,000,000 shares, Issued and outstanding, 1,677,798 shares at March 31, 2014 and December 31, 2013, respectively	16,778	16,778
Additional paid-in capital	19,113,458	19,113,458
Accumulated deficit	-6,028,153	-5,869,624
Total stockholders' equity	13,102,083	13,260,612
Total Liabilities and Stockholders' Equity	$38,267,335	$39,206,557

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets	'	'
Current allowance for current maturities of mortgage loans recievable	$28,107	$25,269
Current deferred origination fees for current mortgage loans recievable	21,704	24,007
Allowance for mortgage loans recievable	994,031	924,424
Deferred origination fees for mortgage loans recievable	309,936	324,861
Accumulated amortization deferred offering costs	$782,070	$728,012
Stockholders' Equity	'	'
Common Stock, par value	$0.01	$0.01
Common Stock, Authorized	30,000,000	30,000,000
Common Stock, Issued	1,677,798	1,677,798
Common Stock, Outstanding	1,677,798	1,677,798

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Interest and Other Income	$720,188	$757,697	$1,436,322	$1,531,795
Interest Expense	441,017	461,458	888,084	919,057
Net Interest Income	279,171	296,239	548,238	612,738
Provision for losses on mortgage loans receivable	72,445	12,841	72,445	19,181
Net Interest Income after Provision for Mortgage and Bond Losses	227,669	283,398	475,793	593,557
Operating Expenses	'	'	'	'
Other operating expenses	173,470	173,679	312,921	322,543
Real estate impairment	45,000	'	45,000	149,775
Total Operating Expenses	218,470	173,679	357,921	472,318
Operating Income	9,199	109,719	117,872	121,239
Other Income	8,680	73	8,825	193
Net Income (Loss)	$17,879	$109,792	$126,697	$121,432
Basic and Diluted Income (Loss) Per Share	$0.01	$0.07	$0.08	$0.07
Dividends Declared Per Share	$0.08	$0.10	$0.08	$0.20
Weighted Average Common Shares Outstanding - Basic and Diluted	1,677,798	1,677,798	1,677,798	1,677,798

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities	'	'
Net income (loss)	$126,697	$121,432
Impairment on real estate held for sale	45,000	149,775
Provision for losses on mortgage loans receivable	72,445	19,181
Amortization of loan origination discounts	54,059	57,253
Accounts receivable	-19,164	-69,226
Interest receivable	2,099	2,277
Prepaid expenses	-3,399	-6,473
Accounts payable	19,863	5,615
Net cash provided by operating activities	280,372	261,573
Cash Flows from Investing Activities	'	'
Investment in mortgage loans	-1,075,000	-86,842
Collections of mortgage loans	2,365,306	2,118,293
Investment in bonds	-1,360,250	-734,000
Proceeds from bonds	452,294	161,430
Net cash (used for) provided by investing activities	382,350	1,458,881
Cash Flows from Financing Activities	'	'
Payments on secured investor certificate maturities	-767,000	-246,000
Payments for deferred costs	-12,443	-1,635
Dividends paid	-318,781	-385,894
Net cash (used for) financing activities	-1,098,224	-633,529
Net Increase (Decrease) in Cash and Equivalents	-435,502	1,086,925
Cash and Equivalents - Beginning	3,143,377	1,183,787
Cash and Equivalents - Ending	$2,707,875	$2,270,712

Statements_of_Cash_Flows_Paren

Statements of Cash Flows (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Statement of Cash Flows [Abstract]	'	'
Dividends payable	$134,224	$167,780
Interest paid	$834,026	$919,057

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying unaudited financial statements have been prepared in accordance with the instructions for interim statements and, therefore, do not include all information and disclosures necessary for fair presentation of results of operations, financial position, and changes in cash flow in conformity with generally accepted accounting principles. However, in the opinion of management, such statements reflect all adjustments (which include only normal recurring adjustments) necessary for fair presentation of financial position, results of operations, and cash flows for the period presented.
	The unaudited financial statements of the Company should be read in conjunction with the December 31, 2013 audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission for the year ended December 31, 2013. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
	Nature of Business
	American Church Mortgage Company, a Minnesota corporation, was incorporated on May 27, 1994. The Company was organized to engage primarily in the business of making mortgage loans to churches and other nonprofit religious organizations throughout the United States, on terms established for individual organizations.
	Accounting Estimates
	Management uses estimates and assumptions in preparing these financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. The most sensitive estimates relate to the realizability of the mortgage loans receivable, the valuation of the bond portfolio and real estate held for sale. It is at least reasonably possible that these estimates could change in the near term and that the effect of the change, if any, may be material to the financial statements.
	Concentration of Credit Risk
	The Company's loans have been granted to churches and other non-profit religious organizations. The ability of the Company’s debtors to honor their contracts is dependent on member contributions and the involvement in the church or organization of its senior pastor.
	Cash and Equivalents
	The Company considers all highly liquid debt instruments purchased with maturities of three months or less to be cash equivalents.
	The Company maintains accounts primarily at two financial institutions. At times throughout the year, the Company’s cash and equivalents balances may exceed amounts insured by the Federal Deposit Insurance Corporation. Cash in money market funds is not federally insured. The Company had approximately $996 and $160,808 in money market fund accounts at June 30, 2014 and December 31, 2013, respectively. The Company has not experienced any losses in such accounts.
	Bond Portfolio
	The Company accounts for the bond portfolio under the Accounting Standards Codification (ASC) 320. The Company classifies the bond portfolio as “available-for-sale” and measures the portfolio at fair value. While the bonds are generally held until contractual maturity, the Company classifies them as available-for-sale as the bonds may be used to repay secured investor certificates or provide additional liquidity or working capital in the short term. The Company has classified $907,000 and $796,000 in bonds as current assets as of June 30, 2014 and December 31, 2013, respectively, based on management’s estimates for liquidity requirements and contractual maturities of certain bonds maturing in 2014 and 2013, respectively.
	Allowance for Mortgage Loans Receivable
	The Company records mortgage loans receivable at estimated net realizable value, which is the unpaid principal balances of the mortgage loans receivable, less the allowance for mortgage loans. The Company’s loan loss policy provides an allowance for estimated uncollectible loans based on an evaluation of the current status of the loan portfolio. This policy provides for principal amounts outstanding on a particular loan if cumulative interruptions occur in the normal payment schedule of a loan; therefore, the Company recognizes a provision for losses and an allowance for the outstanding principal amount of a loan in the Company’s portfolio if the amount is in doubt of collection. Additionally, no additional interest income is recognized on impaired loans that are declared to be in default and are in the foreclosure process. At June 30, 2014, the Company provided $1,022,138 for fifteen mortgage loans, of which seven are three or more mortgage payments in arrears, two loans are declared to be in default and one loan is in the foreclosure process. At December 31, 2013, the Company provided $949,693 for fourteen mortgage loans, of which six were three or more mortgage payments in arrears, two loans declared to be in default and one loan is in the foreclosure process.
	A summary of transactions in the allowance for credit losses for the six months ended June 30, 2014 is as follows:
	Balance at December 31, 2013	$	949,693
	Provision for additional losses		72,445
	Charge-offs		—
	Balance at June 30, 2014	$	1,022,138
	The total impaired loans, which are loans that are in the foreclosure process or are declared to be in default, were approximately $1,529,000 and $1,543,000 at June 30, 2014 and December 31, 2013, respectively, which the Company believes are adequately secured by the underlying collateral and the allowance for mortgage loans.
	The Company will declare a loan to be in default and will place the loan on non-accrual status when the following thresholds have been met: (i) the borrower has missed three consecutive mortgage payments; (ii) the borrower has not communicated to the Company any legitimate reason for delinquency in its payments to the Company and has not arranged for the re-continuance of payments; (iii) lines of communication to the borrower have broken down such that any reasonable prospect of rehabilitating the loan and return of regular payments is gone.
	The Company’s policies on payments received and interest accrued on non-accrual loans are as follows: (i) The Company will accept payments on loans that are currently on non-accrual status when a borrower has communicated to us that they intend to meet their mortgage obligations. A payment made on a non-accrual loan is considered a good faith deposit as to the intent to resume their mortgage payment obligation. This good faith deposit is credited back to interest first then principal as stated in the mortgage loan documentation. (ii) A letter outlining the re-payment terms or the restructure terms (if any) of the loan is provided to the borrower. This letter will be signed by the Senior Pastor and all board members of the borrower. This letter resumes the obligation to make payments on non-accrual loans. (iii) The borrower must meet all its payment obligations for the next 120 days without interruption in order to be removed from non-accrual status.
	When a loan is declared in default according to the Company’s policy or deemed to be doubtful of collection, the loan committee of the Advisor to the Company will direct the staff to charge-off the uncollectable receivables.
	Loans totaling approximately $3,667,000 and $3,237,000 exceeded 90 days past due but continued to accrue interest at June 30, 2014 and December 31, 2013, respectively. The Company believes that continued interest accruals are appropriate because the loans are well secured, not deemed to be in default and the Company is actively pursuing collection of past due payments.
	Real Estate Held for Sale
	As of June 30, 2014, the Company had five properties acquired through foreclosure, and one via deed in lieu of foreclosure, with outstanding loan balances totaling approximately $1,406,000. The Company has listed the properties for sale through local realtors except for the property for which we received a deed in lieu of foreclosure. The Church is still occupying the property and paying rent while trying to either sell the building or obtain refinancing. Each property is valued based on its current listing price less any anticipated selling costs, including, for example, realtor commissions. The Company records real estate held for sale at the estimated fair value, which is net of the expected expenses related to the sale of the real estate. The fair value of our real estate held for sale, which represents the carrying value, is approximately $517,000 as of June 30, 2014 after an impairment of approximately $889,000. There was an increase in impairment on real estate held for sale during the quarter ended June 30, 2014 totaling $45,000.
	Carrying Value of Long-Lived Assets
	The Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that the carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of the estimated useful life.
	Recoverability is assessed based on the carrying amount of the asset compared to the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An allowance for losses is recognized when the carrying amount is deemed not recoverable and exceeds fair value as determined through various valuation techniques including, but not limited to, discounted cash flow models, quoted market values, and third party independent appraisals.
	Revenue Recognition
	Interest income on mortgage loans receivable and the bond portfolio is recognized as earned. Other income included with interest represents cash received for loan origination fees, which are recognized over the life of the loan as an adjustment to the yield on the loan.
	Deferred Financing Costs
	The Company defers the costs related to obtaining financing. These costs are amortized over the life of the financing using the straight line method, which approximates the effective interest method.
	Income Per Common Share
	No adjustments were made to income for the purpose of calculating earnings per share, as there were no potential dilutive shares outstanding.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	2. FAIR VALUE MEASUREMENTS
	The Company measures certain financial instruments at fair value in our balance sheets. The fair value of these instruments is based on valuations that include inputs that can be classified within one of the three levels of a hierarchy. Level 1 inputs include quoted market prices in an active market for identical assets or liabilities. Level 2 inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. Level 3 inputs are unobservable and corroborated by little or no market data.
	Except for the bond portfolio, which is required by authoritative accounting guidance to be recorded at fair value in our Balance Sheets, the Company elected not to record any other financial assets or liabilities at fair value on a recurring basis. We recorded impairment for losses on our Agape bonds (see Note 3), which totaled $200,000 for the both periods ended June 30, 2014 and December 31, 2013.
	The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring basis:
								Fair Value
								Measurement
	30-Jun-14			Fair Value				Level 3
	Bond portfolio		$	9,987,398			$	9,987,398
								Fair Value
								Measurement
	31-Dec-13			Fair Value				Level 3
	Bond portfolio		$	9,079,442			$	9,079,442
	We determine the fair value of the bond portfolio shown in the table above by comparing it with similar instruments in inactive markets. The analysis reflects the contractual terms of the bonds, which are callable at par by the issuer at any time, and the anticipated cash flows of the bonds, and uses observable and unobservable market-based inputs. Unobservable inputs include our internal credit rating and selection of similar bonds for valuation.
	The change in Level 3 assets measured at fair value on a recurring basis is summarized as follows:
		Bond Portfolio
	Balance at December 31, 2013	$9,079,442
	Purchases	1,360,250
	Proceeds	(452,294)
	Balance at June 30, 2014	$9,987,398
	Real estate held for sale and impaired loans are recorded at fair value on a nonrecurring basis. The fair value of real estate held for sale was based upon the listed sales price less expected selling costs, which is a Level 2 input. The impairment for losses on real estate held for sale were $45,000 and $149,775 for the periods ended June 30, 2014 and 2013, respectively. The fair value of impaired loans was based upon the Company’s loan loss policy, which is a Level 3 input. The Company provided an additional impairment of $72,445 and $19,181 for loan losses at June 30, 2014 and 2013, respectively.
	The following table summarizes the Company’s financial instruments that were measured at fair value on a nonrecurring basis:
		30-Jun-14
		Level 1		Level 2		Level 3		Fair Value at June 30,
								2014
	Impaired Loans	$                 -		$              -		$1,016,256		$1,016,256
	Real estate held for resale	-		517,422		-		517,422
		$                 -		$  517,422		$1,016,256		$1,533,678
		31-Dec-13
		Level 1		Level 2		Level 3		Fair Value at December 31,
								2013
	Impaired Loans	$                 -		$             -		$1,049,673		$1,049,673
	Real estate held for resale	-		562,722		-		562,722
		$                 -		$562,722		$1,049,673		$1,612,395
	The change in Level 2 and Level 3 assets measured at fair value on a nonrecurring basis is summarized as follows:
				Fair Value				Fair Value
				Measurement				Measurement
				Level 3				Level 2
				Impaired Loans				Real Estate Held for Sale
	Balance at December 31, 2013		$	1,049,673			$	562,722
	Additions/Acquisitions			—				—
	Dispositions/Proceeds			(14,330	)			(300	)
	Provision for other than temporary losses			(19,087	)			(45,000	)
	Balance at June 30, 2014		$	1,016,256			$	517,422

Mortgage_Loans_Receivable_and_

Mortgage Loans Receivable and Bond Portfolio	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Mortgage Loans Receivable and Bond Portfolio	'
	3. MORTGAGE LOANS RECEIVABLE AND BOND PORTFOLIO
	At June 30, 2014, the Company had mortgage loans receivable totaling $25,385,354. The loans bear interest ranging from 1.00% to 10.25% with a weighted average of approximately 8.41% at June 30, 2014. The Company had mortgage loans receivable totaling $26,675,361 that bore interest ranging from 1.00% to 10.25% with a weighted average of approximately 8.44% at December 31, 2013.
	The Company has a portfolio of secured church bonds at June 30, 2014 and December 31, 2013, which are carried at fair value. The bonds pay either semi-annual or quarterly interest ranging from 2.25% to 9.75%. The aggregate value of secured church bonds equaled approximately $10,187,000 at June 30, 2014 with a weighted average interest rate of 7.37% and approximately $9,279,000 at December 31, 2013 with a weighted average interest rate of 7.54%. These bonds are due at various maturity dates through February 2039.
	The contractual maturity schedule for mortgage loans receivable and the bond portfolio as of June 30, 2014, is as follows:
		Mortgage Loans	Bond Portfolio
	July 1, 2014 through June 30, 2015	$     698,071	$  894,750
	July 1, 2015 through December 31, 2015	1,316,274	5,500
	2016	1,202,183	133,500
	2017	1,727,964	144,000
	2018	2,100,262	266,000
	Thereafter	18,340,600	8,743,648
		25,385,354	10,187,398
	Less loan loss and bond loss allowances	-1,022,138	(200,000)
	Less deferred origination income	(331,640)	______-__
	Totals	$24,031,576	$9,987,398
	During the year ended December 31, 2013 the Company owned $2,035,000 First Mortgage Bonds issued by St. Agnes Missionary Baptist Church located in Houston, Texas. The total principal amount of First Mortgage Bonds issued by St. Agnes was $13,375,000. St. Agnes defaulted on its payment obligations to bondholders in June 2007. The church subsequently commenced a Chapter 11 bankruptcy reorganization proceeding regarding the three properties that secure the First Mortgage Bonds in November 2007, which was dismissed in September 2008, and the church was subsequently foreclosed upon. In March 2009, a lease was signed with St. Agnes to permit it to remain in the property while submitting lease payments to bondholders as partial interest payments. Lease payments began in the second quarter of 2009, however St. Agnes failed to make all required lease payments and was evicted from the property in the first quarter of 2010. The Company, along with all other bondholders, had a superior lien over all other creditors. No accrual for interest receivable from the First Mortgage Bonds was recorded by the Company. In September 2011, one of the parcels was sold for $1,300,000. In June 2013 the second of three properties was sold for $335,000 and in November 2013 the main Sanctuary Dome and Fellowship Center was sold for $3,500,000. The liquidation of the collateral serving as security for the bonds was completed and all final funds were distributed (after costs) to the bondholders. This final payment was a return of $71.90 of principal on each original $1,000 bond investment. The Company received a final payment of approximately $160,000. This payment represents a realized loss of $1,875,000 on $2,035,000 original principal amount. The Company had a $1,800,000 aggregate allowance for losses previously recorded against the bonds. A final loss, included in other operating expenses, of $75,000 was recorded as of December 31, 2013. The $160,000 received by the Company represents the final payment on St. Agnes.
	The Company currently owns $637,000 First Mortgage Bonds and $497,000 Second Mortgage Bonds issued by Agape Assembly Baptist Church located in Orlando, Florida. The total principal amount of First Mortgage Bonds issued by Agape is $7,200,000, and the total principal amount of Second Mortgage Bonds issued is $715,000. Agape defaulted on its payment obligations to bondholders in September 2010. The church subsequently commenced a Chapter 11 bankruptcy reorganization proceeding regarding the property that secures the First Mortgage Bonds in December 2010. Agape is currently performing under a loan modification agreement. In October 2013, a minimum of 80% of the bondholders of Agape agreed to a modification in the terms of their bonds which has resulted in the resumption of both principal and interest payments to both the first and second mortgage bond holders. Both the First Mortgage Bonds and Second Mortgage Bonds have been modified to a fully amortized fixed rate, quarterly interest payment of 6.25% with a new maturity date of September 2037 for all the issued and outstanding bonds. The Company, along with all other bondholders, has a superior lien over all other creditors. The Company has an aggregate allowance for losses of $200,000 for the First and Second Mortgage Bonds both at June 30, 2014 and December 31, 2013, which effectively reduces the bonds to the fair value amount management believes will be recovered.

Secured_Investor_Certificates

Secured Investor Certificates	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Secured Investor Certificates	'
	4. SECURED INVESTOR CERTIFICATES
	Secured investor certificates are collateralized by certain mortgage loans receivable or secured church bonds of approximately the same value as the certificates. The weighted average interest rate on the certificates was 6.61% and 6.63% at June 30, 2014 and December 31, 2013, respectively. Holders of the secured investor certificates may renew certificates at the current rates and terms upon maturity at the Company’s discretion. Renewals upon maturity are considered neither proceeds from nor issuance of secured investor certificates. Renewals totaled approximately $458,000 and $350,000 for the six months ended June 30, 2014 and 2013, respectively. The secured investor certificates have certain financial and non-financial covenants identified in the respective series’ trust indentures.
	The estimated maturity schedule for the secured investor certificates at June 30, 2014 is as follows:
	July 1, 2014 through June 30, 2015	$    2,221,000
	July 1, 2015 through December 31, 2015	1,211,000
	2016	3,129,000
	2017	2,696,000
	2018	3,765,000
	Thereafter	11,906,000
	Totals	$24,928,000

Transactions_with_Affiliates

Transactions with Affiliates	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Transactions with Affiliates	'
	5. TRANSACTIONS WITH AFFILIATES
	The Company has an Advisory Agreement with Church Loan Advisors, Inc. (the “Advisor”). The Advisor is responsible for the day-to-day operations of the Company and provides office space and administrative services. The Advisor and the Company are related through common ownership and common management. A majority of the independent board members approve the advisory agreement on an annual basis. The Company paid the Advisor management fees of approximately $88,000 and $94,000 for the three months ended June 30, 2014 and 2013, respectively. The Company paid the Advisor $178,000 and $192,000 for the six months ended June 30, 2014 and 2013, respectively

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Fair Value of Financial Instruments	'
	6. FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company is required to disclose the fair value information about financial instruments, where it is practicable to estimate that value. Because assumptions used in these valuation techniques are inherently subjective in nature, the estimated fair values cannot always be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument.
	The fair value estimates presented herein are based on relevant information available to management as of June 30, 2014 and December 31, 2013, respectively. Management is not aware of any factors that would significantly affect these estimated fair value amounts. As these reporting requirements exclude certain financial instruments and all non-financial instruments, the aggregate fair value amounts presented herein do not represent management’s estimate of the underlying value of the Company.
	The estimated fair values of the Company’s financial instruments, none of which are held for trading purposes, are as follows:
		30-Jun-14		31-Dec-13
		Carrying	Fair	Carrying	Fair
		Amount	Value	Amount	Value
	Cash and equivalents	$     2,707,875	$     2,707,875	$  3,143,377	$  3,143,377
	Accounts receivable	216,851	216,851	197,687	197,687
	Interest receivable	127,873	127,873	129,972	129,972
	Mortgage loans receivable	25,385,354	29,687,265	26,675,361	28,950,766
	Bond portfolio	10,187,398	10,187,398	9,279,442	9,279,442
	Secured investor certificates	24,928,000	33,766,268	25,695,000	36,312,309
	The following methods and assumptions were used by the Company to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value:
	Cash and equivalents
	Due to their short-term nature, the carrying amount of cash and cash equivalents approximates fair value.
	Accounts receivable
	The carrying amount of accounts receivable approximates fair value.
	Interest receivable
	The carrying amount of interest receivable approximates fair value.
	Mortgage loans receivable
	The fair value of the mortgage loans receivable is currently greater than the carrying value as the portfolio is currently yielding a higher rate than similar mortgages with similar terms for borrowers with similar credit quality.
	Bond portfolio
	We determine the fair value of the bond portfolio shown in the table above by comparing with similar instruments in inactive markets. The analysis reflects the contractual terms of the bonds, which are callable at par by the issuer at any time, and the anticipated cash flows of the bonds and uses observable and unobservable market-based inputs. Unobservable inputs include our internal credit rating and selection of similar bonds for valuation.
	Secured investor certificates
	The fair value of the secured investor certificates is currently greater than the carrying value due to higher interest rates than current market rates.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation	'
	Basis of Presentation
	The accompanying unaudited financial statements have been prepared in accordance with the instructions for interim statements and, therefore, do not include all information and disclosures necessary for fair presentation of results of operations, financial position, and changes in cash flow in conformity with generally accepted accounting principles. However, in the opinion of management, such statements reflect all adjustments (which include only normal recurring adjustments) necessary for fair presentation of financial position, results of operations, and cash flows for the period presented.
	The unaudited financial statements of the Company should be read in conjunction with the December 31, 2013 audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission for the year ended December 31, 2013. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
Nature of Business	'
	Nature of Business
	American Church Mortgage Company, a Minnesota corporation, was incorporated on May 27, 1994. The Company was organized to engage primarily in the business of making mortgage loans to churches and other nonprofit religious organizations throughout the United States, on terms established for individual organizations.
Accounting Estimates	'
	Accounting Estimates
	Management uses estimates and assumptions in preparing these financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. The most sensitive estimates relate to the realizability of the mortgage loans receivable, the valuation of the bond portfolio and real estate held for sale. It is at least reasonably possible that these estimates could change in the near term and that the effect of the change, if any, may be material to the financial statements.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	The Company's loans have been granted to churches and other non-profit religious organizations. The ability of the Company’s debtors to honor their contracts is dependent on member contributions and the involvement in the church or organization of its senior pastor.
Cash and Equivalents	'
	Cash and Equivalents
	The Company considers all highly liquid debt instruments purchased with maturities of three months or less to be cash equivalents.
	The Company maintains accounts primarily at two financial institutions. At times throughout the year, the Company’s cash and equivalents balances may exceed amounts insured by the Federal Deposit Insurance Corporation. Cash in money market funds is not federally insured. The Company had approximately $996 and $160,808 in money market fund accounts at June 30, 2014 and December 31, 2013, respectively. The Company has not experienced any losses in such accounts.
Bond Portfolio	'
	Bond Portfolio
	The Company accounts for the bond portfolio under the Accounting Standards Codification (ASC) 320. The Company classifies the bond portfolio as “available-for-sale” and measures the portfolio at fair value. While the bonds are generally held until contractual maturity, the Company classifies them as available-for-sale as the bonds may be used to repay secured investor certificates or provide additional liquidity or working capital in the short term. The Company has classified $907,000 and $796,000 in bonds as current assets as of June 30, 2014 and December 31, 2013, respectively, based on management’s estimates for liquidity requirements and contractual maturities of certain bonds maturing in 2014 and 2013, respectively.
Allowance for Mortgage Loans Receivable	'
	Allowance for Mortgage Loans Receivable
	The Company records mortgage loans receivable at estimated net realizable value, which is the unpaid principal balances of the mortgage loans receivable, less the allowance for mortgage loans. The Company’s loan loss policy provides an allowance for estimated uncollectible loans based on an evaluation of the current status of the loan portfolio. This policy provides for principal amounts outstanding on a particular loan if cumulative interruptions occur in the normal payment schedule of a loan; therefore, the Company recognizes a provision for losses and an allowance for the outstanding principal amount of a loan in the Company’s portfolio if the amount is in doubt of collection. Additionally, no additional interest income is recognized on impaired loans that are declared to be in default and are in the foreclosure process. At June 30, 2014, the Company provided $1,022,138 for fifteen mortgage loans, of which seven are three or more mortgage payments in arrears, two loans are declared to be in default and one loan is in the foreclosure process. At December 31, 2013, the Company provided $949,693 for fourteen mortgage loans, of which six were three or more mortgage payments in arrears, two loans declared to be in default and one loan is in the foreclosure process.
	A summary of transactions in the allowance for credit losses for the six months ended June 30, 2014 is as follows:
	Balance at December 31, 2013	$	949,693
	Provision for additional losses		72,445
	Charge-offs		—
	Balance at June 30, 2014	$	1,022,138
	The total impaired loans, which are loans that are in the foreclosure process or are declared to be in default, were approximately $1,529,000 and $1,543,000 at June 30, 2014 and December 31, 2013, respectively, which the Company believes are adequately secured by the underlying collateral and the allowance for mortgage loans.
	The Company will declare a loan to be in default and will place the loan on non-accrual status when the following thresholds have been met: (i) the borrower has missed three consecutive mortgage payments; (ii) the borrower has not communicated to the Company any legitimate reason for delinquency in its payments to the Company and has not arranged for the re-continuance of payments; (iii) lines of communication to the borrower have broken down such that any reasonable prospect of rehabilitating the loan and return of regular payments is gone.
	The Company’s policies on payments received and interest accrued on non-accrual loans are as follows: (i) The Company will accept payments on loans that are currently on non-accrual status when a borrower has communicated to us that they intend to meet their mortgage obligations. A payment made on a non-accrual loan is considered a good faith deposit as to the intent to resume their mortgage payment obligation. This good faith deposit is credited back to interest first then principal as stated in the mortgage loan documentation. (ii) A letter outlining the re-payment terms or the restructure terms (if any) of the loan is provided to the borrower. This letter will be signed by the Senior Pastor and all board members of the borrower. This letter resumes the obligation to make payments on non-accrual loans. (iii) The borrower must meet all its payment obligations for the next 120 days without interruption in order to be removed from non-accrual status.
	When a loan is declared in default according to the Company’s policy or deemed to be doubtful of collection, the loan committee of the Advisor to the Company will direct the staff to charge-off the uncollectable receivables.
	Loans totaling approximately $3,667,000 and $3,237,000 exceeded 90 days past due but continued to accrue interest at June 30, 2014 and December 31, 2013, respectively. The Company believes that continued interest accruals are appropriate because the loans are well secured, not deemed to be in default and the Company is actively pursuing collection of past due payments.
Real Estate Held for Sale	'
	Real Estate Held for Sale
	As of June 30, 2014, the Company had five properties acquired through foreclosure, and one via deed in lieu of foreclosure, with outstanding loan balances totaling approximately $1,406,000. The Company has listed the properties for sale through local realtors except for the property for which we received a deed in lieu of foreclosure. The Church is still occupying the property and paying rent while trying to either sell the building or obtain refinancing. Each property is valued based on its current listing price less any anticipated selling costs, including, for example, realtor commissions. The Company records real estate held for sale at the estimated fair value, which is net of the expected expenses related to the sale of the real estate. The fair value of our real estate held for sale, which represents the carrying value, is approximately $517,000 as of June 30, 2014 after an impairment of approximately $889,000. There was an increase in impairment on real estate held for sale during the quarter ended June 30, 2014 totaling $45,000.
Carrying Value of Long-Lived Assets	'
	Carrying Value of Long-Lived Assets
	The Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that the carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of the estimated useful life.
	Recoverability is assessed based on the carrying amount of the asset compared to the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An allowance for losses is recognized when the carrying amount is deemed not recoverable and exceeds fair value as determined through various valuation techniques including, but not limited to, discounted cash flow models, quoted market values, and third party independent appraisals.
Revenue Recognition	'
	Revenue Recognition
	Interest income on mortgage loans receivable and the bond portfolio is recognized as earned. Other income included with interest represents cash received for loan origination fees, which are recognized over the life of the loan as an adjustment to the yield on the loan.
Deferred Financing Costs	'
	Deferred Financing Costs
	The Company defers the costs related to obtaining financing. These costs are amortized over the life of the financing using the straight line method, which approximates the effective interest method.
Income Per Common Share	'
	Income Per Common Share
	No adjustments were made to income for the purpose of calculating earnings per share, as there were no potential dilutive shares outstanding.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Allowacne For Credit Losses	'
	Balance at December 31, 2013	$	949,693
	Provision for additional losses		72,445
	Charge-offs		—
	Balance at June 30, 2014	$	1,022,138

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurement Bond Portfolio	'
								Fair Value
								Measurement
	30-Jun-14			Fair Value				Level 3
	Bond portfolio		$	9,987,398			$	9,987,398
								Fair Value
								Measurement
	31-Dec-13			Fair Value				Level 3
	Bond portfolio		$	9,079,442			$	9,079,442
Change In Fair Value Bond Portfolio	'
		Bond Portfolio
	Balance at December 31, 2013	$9,079,442
	Purchases	1,360,250
	Proceeds	(452,294)
	Balance at June 30, 2014	$9,987,398
Impaired Loans and Real Estate Held For Sale	'
		30-Jun-14
		Level 1		Level 2		Level 3		Fair Value at June 30,
								2014
	Impaired Loans	$                 -		$              -		$1,016,256		$1,016,256
	Real estate held for resale	-		517,422		-		517,422
		$                 -		$  517,422		$1,016,256		$1,533,678
		31-Dec-13
		Level 1		Level 2		Level 3		Fair Value at December 31,
								2013
	Impaired Loans	$                 -		$             -		$1,049,673		$1,049,673
	Real estate held for resale	-		562,722		-		562,722
		$                 -		$562,722		$1,049,673		$1,612,395
Fair Value Measurement Period Increase Decrease	'
				Fair Value				Fair Value
				Measurement				Measurement
				Level 3				Level 2
				Impaired Loans				Real Estate Held for Sale
	Balance at December 31, 2013		$	1,049,673			$	562,722
	Additions/Acquisitions			—				—
	Dispositions/Proceeds			(14,330	)			(300	)
	Provision for other than temporary losses			(19,087	)			(45,000	)
	Balance at June 30, 2014		$	1,016,256			$	517,422

Mortgage_Loans_Receivable_and_1

Mortgage Loans Receivable and Bond Portfolio (Tables)	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Mortgage Loans and Bond Portfolio	'
		Mortgage Loans	Bond Portfolio
	July 1, 2014 through June 30, 2015	$     698,071	$  894,750
	July 1, 2015 through December 31, 2015	1,316,274	5,500
	2016	1,202,183	133,500
	2017	1,727,964	144,000
	2018	2,100,262	266,000
	Thereafter	18,340,600	8,743,648
		25,385,354	10,187,398
	Less loan loss and bond loss allowances	-1,022,138	(200,000)
	Less deferred origination income	(331,640)	______-__
	Totals	$24,031,576	$9,987,398

Secured_Investor_Certificates_

Secured Investor Certificates (Tables)	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Maturity Schedule Secured Investor Certificates	'
	July 1, 2014 through June 30, 2015	$    2,221,000
	July 1, 2015 through December 31, 2015	1,211,000
	2016	3,129,000
	2017	2,696,000
	2018	3,765,000
	Thereafter	11,906,000
	Totals	$24,928,000

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
Fair Value Of Financial Instruments	'
		30-Jun-14		31-Dec-13
		Carrying	Fair	Carrying	Fair
		Amount	Value	Amount	Value
	Cash and equivalents	$     2,707,875	$     2,707,875	$  3,143,377	$  3,143,377
	Accounts receivable	216,851	216,851	197,687	197,687
	Interest receivable	127,873	127,873	129,972	129,972
	Mortgage loans receivable	25,385,354	29,687,265	26,675,361	28,950,766
	Bond portfolio	10,187,398	10,187,398	9,279,442	9,279,442
	Secured investor certificates	24,928,000	33,766,268	25,695,000	36,312,309

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Allowacne For Credit Losses (Details) (USD $)	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Balance at December 31, 2013	$949,693
Provision for additional losses	72,445
Charge-offs	'
Balance at June 30, 2014	$1,022,138

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Narrative) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accounting Policies [Abstract]	'	'
Money Market Funds	$996	$160,808
Bond Portfolio	907,000	796,000
Allowance for Mortgage Loans Receivable	1,022,138	949,693
Impaired Loans	1,529,000	1,543,000
Loans Exceeding 90 Days Past Due	3,667,000	3,237,000
Foreclosed Properties	1,406,000	'
Real Estate Held for Sale Carrying Value	517,422	562,722
Loan Impairment	$889,000	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details Narrative) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'	'	'	'	'
Provision for Losses Bond Portfolio	$200,000	'	'	'	$200,000
Impairment Charges Real Estate Held for Sale	45,000	'	'	149,775	'
Provision for losses on mortgage loans receivable	$72,445	$12,841	$72,445	$19,181	'

Mortgage_Loans_Receivable_and_2

Mortgage Loans Receivable and Bond Portfolio - Mortgage Loans and Bond Portfolio (Details) (USD $)	Jun. 30, 2014
Bond Portfolio	'
July 1, 2014 through June 30, 2014	$894,750
July 1, 2015 through December 31, 2015	5,500
2016	133,500
2017	144,000
2018	266,000
Thereafter	8,743,648
Subtotal	10,187,398
Less loan loss and bond loss allowances	-200,000
Less deferred origination income	'
Totals	9,987,398
Mortgage Loans	'
July 1, 2014 through June 30, 2014	698,071
July 1, 2015 through December 31, 2015	1,316,274
2016	1,202,183
2017	1,727,964
2018	2,100,262
Thereafter	18,340,600
Subtotal	25,385,354
Less loan loss and bond loss allowances	-1,022,138
Less deferred origination income	-331,640
Totals	$24,031,576

Mortgage_Loans_Receivable_and_3

Mortgage Loans Receivable and Bond Portfolio (Details Narrative) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Notes to Financial Statements	'	'
Mortgage Loans Receivable Gross	$25,385,384	$26,675,361
Church Bonds Owned Gross	10,187,000	9,279,000
Bond Reserve Fund	200,000	200,000
St. Agnes Bonds Owned Gross	'	2,035,000
St. Agnes Bonds Gross	'	13,375,000
Bond Reserve Fund	'	1,800,000
Sale Proceeds Parcel 1 St. Agnes	'	1,300,000
Sale Proceeds Parcel 2 St. Agnes	'	335,000
Sale Proceeds Parcel 3 St. Agnes	'	3,500,000
Final Payment Amount St. Agnes per Bond	'	72
Oringinal Principal Amount St. Agnes Bond	'	1,000
Final Payment Amount St. Agnes	'	160,000
Final Operating Loss St. Agnes	'	75,000
Agape First Mortgage Bonds	637,000	'
Agape Second Mortgage Bonds	497,000	'
Agape First Mortgage Bonds Gross	7,200,000	'
Agape Second Mortgage Bonds Gross	715,000	'
Agape Bond Reserve	$200,000	'

Secured_Investor_Certificates_1

Secured Investor Certificates - Maturity Schedule Secured Investor Certificates (Details) (Secured Investor Certificates, USD $)	Jun. 30, 2014
Secured Investor Certificates	'
July 1, 2014 through June 30, 2014	$2,221,000
July 1, 2015 through December 31, 2015	1,211,000
2016	3,129,000
2017	2,696,000
2018	3,765,000
Thereafter	11,906,000
Totals	$24,928,000

Secured_Investor_Certificates_2

Secured Investor Certificates (Details Narrative) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Notes to Financial Statements	'	'
Secured Investos Certificates Renewal	$458,000	$350,000
Weighted Average Interest Rate	6.61	6.63

Transactions_with_Affiliates_D

Transactions with Affiliates (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Notes to Financial Statements	'	'	'	'
Management Fee	$88,000	$94,000	$178,000	$1,920,000

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Fair Value Of Financial Instruments (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Interest receivable	$127,873	$129,972
Carrying Amount	'	'
Cash and equivalents	2,707,875	3,143,377
Accounts receivable	216,851	197,687
Interest receivable	127,873	129,672
Mortgage loans receivable	25,385,354	26,675,361
Bond portfolio	10,187,398	9,279,442
Secured investor certificates	24,928,000	25,695,000
Fair Value	'	'
Cash and equivalents	2,707,875	3,143,377
Accounts receivable	216,851	197,687
Interest receivable	127,873	129,672
Mortgage loans receivable	29,687,265	28,950,766
Bond portfolio	10,187,398	9,279,442
Secured investor certificates	$33,766,268	$36,312,309