Securities (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 and December 31, 2012 are summarized as follows:

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt securities available for sale:
U.S. Government agencies	$	3,862,322	$	55,138	$	-	$	3,917,460

State and municipal securities		16,589,144		830,170		(4,151)		17,415,163

Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA		8,025,705		149,580		(776)		8,174,509

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		70,490,078		75,033		(294,794)		70,270,317

	$	98,967,249	$	1,109,921	$	(299,721)	$	99,777,449

Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	40,014	$	1,151	$	-	$	41,165

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt securities available for sale:
U.S. Government agencies	$	3,961,956	$	56,195	$	-	$	4,018,151

State and municipal securities		21,531,727		2,101,590		-		23,633,317

Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA		9,092,205		132,038		(1,824)		9,222,419

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		39,151,568		86,099		(14,908)		39,222,759

	$	73,737,456	$	2,375,922	$	(16,732)	$	76,096,646

Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	45,086	$	1,341	$	(8)	$	46,212

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and estimated market value of securities at June 30, 2013, by contractual maturity, are shown below. 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 Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	-	$	-	$	-	$	-
Due from one year to five years		1,267,705		1,344,690		-		-
Due from five years to ten years		6,038,433		6,394,571		-		-
Due after ten years		13,145,328		13,593,362		-		-
	$	20,451,466	$	21,332,623	$	-	$	-

Mortgage-backed securities		78,515,783		78,444,826		40,014		41,165

	$	98,967,249	$	99,777,449	$	40,014	$	41,165

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, 2013 and as of December 31, 2012:

	As of June 30, 2013
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
State and municipal securities	$	1,179,146	$	(3,454)	$	570,530	$	(697)	$	1,749,676	$	(4,151)

Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA		522,683		(776)		-		-		522,683		(776)

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		33,398,941		(290,377)		9,990,227		(4,417)		43,389,168		(294,794)
	$	35,100,770	$	(294,607)	$	10,560,757	$	(5,114)	$	45,661,527	$	(299,721)

	As of December 31, 2012
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	667,325	$	(1,824)	$	-	$	-	$	667,325	$	(1,824)

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		22,514,641		(14,908)		-		-		22,514,641		(14,908)
	$	23,181,966	$	(16,732)	$	-	$	-	$	23,181,966	$	(16,732)