Securities (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule Of Available For Sale Securities and Held To Maturity Reconciliation [Table Text Block]

Securities have been classified in the balance sheet according to management’s intent as either securities held to maturity or securities available for sale. The amortized cost and approximate fair value of securities at December 31, 2013 and 2012, are as follows:

	December 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Debt securities available for sale:
U.S. Government agencies	$	3,433,216	$	48,119	$	-	$	3,481,335

State and municipal securities		14,908,761		425,021		(84,544)		15,249,238

Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA		7,047,076		85,203		-		7,132,279

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		66,408,975		205,025		(268,180)		66,345,820

	$	91,798,028	$	763,368	$	(352,724)	$	92,208,672

Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA	$	34,165	$	862	$	-	$	35,027

	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		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 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 guaranteed by GNMA or FNMA	$	45,086	$	1,134	$	(8)	$	46,212

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of securities at December 31, 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		Fair		Amortized		Fair
	Cost		Value		Cost		Value

Due in one year or less	$	-	$	-	$	-	$	-
Due from one year to five years		1,266,474		1,333,645		-		-
Due from five years to ten years		4,236,801		4,394,333		-		-
Due after ten years		12,838,702		13,002,595		-		-

		18,341,977		18,730,573		-		-

Mortgage-backed securities		73,456,051		73,478,099		34,165		35,027

	$	91,798,028	$	92,208,672	$	34,165	$	35,027

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables present 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, at December 31, 2013 and 2012:

	As of December 31, 2013
	Less than 12 Months				12 Months or Greater				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses

State and municipal securities	$	3,025,250	$	(84,544)	$	-	$	-	$	3,025,250	$	(84,544)

Mortgage-backed securities:
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		27,782,942		(221,827)		8,761,049		(46,353)		36,543,991		(268,180)

	$	30,808,192	$	(306,371)	$	8,761,049	$	(46,353)	$	39,569,241	$	(352,724)

	As of December 31, 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

Mortgage-backed securities:
Residential mortgage guaranteed by GNMA and 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)