Securities (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014 and December 31, 2013 are summarized as follows:

	June 30, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Debt securities available-for-sale:
U.S. Government agencies	$	690,436	$	1,202	$	-	$	691,638

State and municipal securities		10,446,393		460,705		(7144)		10,899,954

Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA		5,148,549		32,338		(1,002)		5,179,885

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		66,791,823		216,798		(465,491)		66,543,130

	$	83,077,201	$	711,043	$	(473,637)	$	83,314,607

Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA	$	30,993	$	318	$	(1)	$	31,309

	December 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Debt securities available-for-sale:	Cost		Gains		Losses		Value
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

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and estimated market value of securities at June 30, 2014, 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		900,216		948,320		-		-
Due from five years to ten years		3,077,554		3,244,206		-		-
Due after ten years		7,159,059		7,399,066		-		-
		11,136,829		11,591,592		-		-

Mortgage-backed securities		71,940,372		71,723,015		30,993		31,309

	$	83,077,201	$	83,314,607	$	30,993	$	31,309

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, 2014 and as of December 31, 2013:

	As of June 30, 2014
	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	$	358,700	$	(318)	$	555,000	$	(6,826)	$	913,700	$	(7,144)

Residential mortgage guaranteed by GNMA or FNMA		1,409,761		(1,002)		-		-		1,409,761		(1,002)

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		17,254,013		(106,428)		22,935,622		(359,063)		40,189,635		(465,491)
	$	19,022,474	$	(107,748)	$	23,490,622	$	(365,889)	$	42,513,096	$	(473,637)

	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)

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)