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Securities (Tables)
 6 Months Ended
Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Available-For-Sale Securities and Held To Maturity Reconciliation [Table Text Block]

The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2012 and December 31, 2011 are summarized as follows:

 

    June 30, 2012  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
Debt securities available-for-sale:    Cost     Gains     Losses     Value  
U.S. Government agencies   $ 4,061,088     $ 13,153     $ -     $ 4,074,241  
                                 
State and municipal securities     22,022,213       1,946,691       (32,142 )     23,936,762  
                                 
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA     10,627,424       149,250       -       10,776,674  
                                 
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     47,685,221       77,942       (12,780 )     47,750,383  
                                 
    $ 84,395,946     $ 2,187,036     $ (44,922 )   $ 86,538,060  
                                 
Debt securities held to maturity:                                
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA   $ 56,879     $ 1,515     $ -     $ 58,394  

 

  
    December 31, 2011  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
Debt securities available-for-sale:    Cost     Gains     Losses     Value  
U.S. Government agencies   $ 4,176,301     $ 13,978     $ -     $ 4,190,279  
                                 
State and municipal securities     22,902,892       1,584,284       (50,919 )     24,436,257  
                                 
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA     11,723,499       150,767       (3,096 )     11,871,170  
                                 
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     45,431,456       131,215       (2,940 )     45,559,731  
                                 
    $ 84,234,148     $ 1,880,244     $ (56,955 )   $ 86,057,437  
                                 
Debt securities held to maturity:                                
Mortgage-backed securities:                                
Residential mortgage guaranteed by GNMA   $ 68,643     $ 1,841     $ -     $ 70,484  
Investments Classified by Contractual Maturity Date [Table Text Block]

Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

    Securities Available-for-Sale     Securities Held to Maturity  
    Amortized     Fair     Amortized     Fair  
    Cost     Value     Cost     Value  
Due in one year or less   $ -     $  -     $ -     $ -  
Due from one year to five years     873,503       963,408       -       -  
Due from five years to ten years     5,727,473       6,335,499       -       -  
Due after ten years     19,482,325       20,712,096       -       -  
    $ 26,083,301     $ 28,011,003     $ -     $ -  
                                 
Mortgage-backed securities     58,312,645       58,527,057       56,879       58,394  
                                 
    $ 84,395,946     $ 86,538,060     $ 56,879     $ 58,394  
Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available for sale have been in a continuous unrealized loss position, as of June 30, 2012 and as of December 31, 2011:

 

    As of June 30, 2012  
    Less than 12 Months     12 Months or Greater     Total  
          Gross           Gross           Gross  
    Fair     Unrealized     Fair     Unrealized     Fair     Unrealized  
    Value     Losses     Value     Losses     Value     Losses  
Debt securities available for sale:                                    
State and municipal securities   $ 951,674     $ (32,142 )   $ -     $ -     $ 951,674     $ (32,142 )
                                                 
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     14,709,818       (10,543 )     5,114,933       (2,237 )     19,824,751       (12,780 )
    $ 15,661,492     $ (42,685 )   $ 5,114,933     $ (2,237 )   $ 20,776,425     $ (44,922 )

 

    As of December 31, 2011  
    Less than 12 Months     12 Months or Greater     Total  
          Gross           Gross           Gross  
    Fair     Unrealized     Fair     Unrealized     Fair     Unrealized  
    Value     Losses     Value     Losses     Value     Losses  
Debt securities available for sale:                                     
State and municipal securities   $ 1,735,771     $ (50,919 )   $ -     $ -     $ 1,735,771     $ (50,919 )
                                                 
Mortgage-backed securities:                                                
Residential mortgage guaranteed by GNMA     -       -       3,133,826       (3,096 )     3,133,826       (3,096 )
                                                 
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies     -       -     6,954,999       (2,939 )     6,954,999       (2,940 )
    $ 1,735,771     $ (50,919 )   $ 10,088,825     $ (6,036 )   $ 11,824,596     $ (56,955 )