Securities (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 and December 31, 2014 are summarized as follows:

	March 31, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Debt securities available-for-sale:
U.S. Government agencies	$	546,818	$	5,202	$	-	$	552,020

State and municipal securities		7,019,722		320,076		-		7,339,798

Mortgage-backed securities:
Residential mortgage guaranteed by GNMA, FNMA or FHLMC		16,327,538		118,242		(3,218)		16,442,562

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		60,617,689		283,038		(141,750)		60,758,977

	$	84,511,767	$	726,558	$	(144,968)	$	85,093,357

Debt securities held to maturity:
Residential mortgage guaranteed by GNMA, FNMA or FHLMC	$	23,636	$	280	$	(9)	$	23,907

	December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Debt securities available-for-sale:
U.S. Government agencies	$	560,183	$	2,840	$	-	$	563,023

State and municipal securities		7,028,388		302,697		-		7,331,085

Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA		16,852,496		44,954		(9,179)		16,888,271

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		62,278,948		273,571		(141,989)		62,410,530

	$	86,720,015	$	624,062	$	(151,168)	$	87,192,909

Debt securities held to maturity:
Residential mortgage guaranteed by GNMA or FNMA	$	25,428	$	274	$	-	$	25,702

Investments Classified by Contractual Maturity Date [Table Text Block]

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		898,308		931,639		-		-
Due from five years to ten years		3,116,718		3,240,244		-		-
Due after ten years		3,551,514		3,719,935		-		-
		7,566,540		7,891,818		-		-

Mortgage-backed securities		76,945,227		77,201,539		23,636		23,907

	$	84,511,767	$	85,093,357	$	23,636	$	23,907

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 March 31, 2015 and as of December 31, 2014:

	As of March 31, 2015
	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, FNMA or FHLMC	$	1,884,524	$	(3,218)	$	-	$	-	$	1,884,524	$	(3,218)

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		19,037,781		(99,690)		7,521,473		(42,060)		26,559,254		(141,750)
	$	20,922,305	$	(102,908)	$	7,521,473	$	(42,060)	$	28,443,778	$	(144,968)

	As of December 31, 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
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA or FNMA	$	7,018,137	$	(9,179)	$	-	$	-	$	7,018,137	$	(9,179)

Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		9,504,525		(52,831)		17,546,169		(89,158)		27,050,694		(141,989)
	$	16,522,662	$	(62,010)	$	17,546,169	$	(89,158)	$	34,068,831	$	(151,168)