XML 34 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Disclosures (Details 2) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Assets:        
Cash and cash equivalents $ 19,040,857 $ 24,851,737 $ 28,700,862 $ 59,395,238
Securities 83,346,000 92,243,000    
Federal Home Loan Bank stock 2,322,900 2,322,900    
Loans, net 289,039,362 286,236,578    
Cash surrender value of life insurance 1,243,000 1,233,000    
Accrued interest receivable 1,082,522 977,925    
Cash and cash equivalents, Estimated Fair Value 19,041,000 24,852,000    
Securities, Estimated Fair Value 83,346,000 92,244,000    
Federal Home Loan Bank stock, Estimated Fair Value 2,323,000 2,323,000    
Loans, net, Estimated Fair Value 289,587,000 287,411,000    
Cash surrender value of life insurance, Estimated Fair Value 1,243,000 1,233,000    
Accrued interest receivable, Estimated Fair Value 1,083,000 978,000    
Liabilities:        
Noninterest-bearing demand deposits 65,965,561 75,206,540    
Interest-bearing demand deposits 26,241,666 24,563,987    
Savings deposits and money market accounts 82,268,935 86,329,930    
Time deposits 156,935,842 155,313,920    
Federal funds purchased and securities sold under agreements to repurchase 21,913,135 22,974,117    
Federal Home Loan Bank advances and other borrowings 25,000,000 26,740,000    
Accrued interest payable 80,077 82,320    
Noninterest-bearing demand deposits, Estimated Fair Value 65,966,000 75,207,000    
Interest-bearing demand deposits, Estimated Fair Value 26,242,000 24,564,000    
Savings deposits and money market accounts, Estimated Fair Value 82,269,000 86,330,000    
Time deposits, Estimated Fair Value 158,216,000 156,698,000    
Federal funds purchased and securities sold under agreements to repurchase, Estimated Fair Value 21,913,000 22,974,000    
Federal Home Loan Bank advances and other borrowings, Estimated Fair Value 25,497,000 27,449,000    
Accrued interest payable, Estimated Fair Value 80,000 82,000    
Unrecognized financial instruments (net of contract amount):        
Commitments to extend credit 0 0    
Letters of credit 0 0    
Lines of credit 0 0    
Commitments to extend credit, Estimated Fair Value 0 0    
Letters of credit, Estimated Fair Value 0 0    
Lines of credit, Estimated Fair Value $ 0 $ 0