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Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis.

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2014			(Level 1)			(Level 2)			(Level 3)
Debt securities available for sale:
U.S. Government agencies		$	563,023		$	-		$	563,023		$	-
State and municipal securities			7,331,085			-			7,331,085			-
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA			16,888,271			-			16,888,271			-
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies			62,410,530			-			62,410,530			-
Total securities available for sale		$	87,192,909		$	-		$	87,192,909		$	-

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2013			(Level 1)			(Level 2)			(Level 3)
Debt securities available for sale:
U.S. Government agencies		$	3,481,335		$	-		$	3,481,335		$	-
State and municipal securities			15,249,238			-			15,249,238			-
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA			7,132,279			-			7,132,279			-
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies			66,345,820			-			66,345,820			-
Total securities available for sale		$	92,208,672		$	-		$	92,208,672		$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The tables below present information about assets and liabilities on the balance sheet at December 31, 2014 and 2013, for which a nonrecurring change in fair value was recorded.

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2014			(Level 1)			(Level 2)			(Level 3)
Impaired loans		$	2,190,522		$	-		$	-		$	2,190,522
Foreclosed assets			8,000,365			-			-			8,000,365

					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
		Balance as of			for Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
		2013			(Level 1)			(Level 2)			(Level 3)
Impaired loans		$	3,331,680		$	-		$	-		$	3,331,680
Foreclosed assets			12,925,748			-			-			12,925,748

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2014, the significant unobservable inputs used in the fair value measurements are presented below.

							Significant Other		Weighted
		Balance as of			Valuation		Unobservable		Average
		December 31, 2014			Technique		Input		of Input
Impaired loans		$	2,190,522		Appraisal		Appraisal discounts (%)		28.9	%
Foreclosed assets			8,000,365		Appraisal		Appraisal discounts (%)		14.5	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and estimated fair value of the Cornerstone's financial instruments at December 31, 2014 and 2013, are as follows (in thousands):

		2014						2013
		Carrying			Estimated			Carrying			Estimated
		Amount			Fair Value			Amount			Fair Value
Assets:
Cash and cash equivalents		$	15,528		$	15,528		$	24,852		$	24,852
Securities			87,218			87,219			92,243			92,244
Federal Home Loan Bank stock			2,323			2,323			2,323			2,323
Loans, net			291,869			292,490			286,237			287,411
Accrued interest receivable			1,143			1,143			978			978

		2014						2013
		Carrying			Estimated			Carrying			Estimated
		Amount			Fair Value			Amount			Fair Value
Liabilities:
Noninterest-bearing demand deposits		$	57,035		$	57,035		$	75,207		$	75,207
Interest-bearing demand deposits			26,464			26,464			24,564			24,564
Savings deposits and money market accounts			80,861			80,861			86,330			86,330
Time deposits			144,294			145,907			155,314			156,698
Federal funds purchased and securities sold under agreements to repurchase			29,410			29,410			22,974			22,974
Federal Home Loan Bank advances and other borrowings			36,000			36,321			26,740			27,449
Accrued interest payable			72			72			82			82
Unrecognized financial instruments
(net of contract amount):
Commitments to extend credit			-			-			-			-
Letters of credit			-			-			-			-
Lines of credit			-			-			-			-

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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-Publisher FASB

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-Topic 820

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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