Securities (Tables)

9 Months Ended

Sep. 30, 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 at September 30, 2015 and December 31, 2014 are summarized as follows:

	September 30, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value

U.S. Government-sponsored enterprises (GSEs)	$	20,746,894	$	96,846	$	(20,459)	$	20,823,281

Municipal securities		6,809,103		26,609		(27,146)		6,808,566

Mortgage-backed securities:
GSA residential		114,711,249		568,114		(365,108)		114,914,255
Government National Mortgage Association guaranteed		9,686,008		18,068		(100,511)		9,603,565

	$	151,953,254	$	709,637	$	(513,224)	$	152,149,667

	December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value

U.S. Government-sponsored enterprises (GSEs)	$	21,267,024	$	44,860	$	(205,236)	$	21,106,648

Municipal securities		2,011,818		19,404		-		2,031,222

Mortgage-backed securities:
GSE residential		70,070,019		370,266		(587,361)		69,852,924
Government National Mortgage Association guaranteed		6,018,969		24,150		(157,415)		5,885,704

	$	99,367,830	$	458,680	$	(950,012)	$	98,876,498

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.

	Amortized		Fair
	Cost		Value
Due in one year or less	$	947,830	$	950,755
Due from one year to five years		12,901,481		12,996,387
Due from five years to ten years		8,392,679		8,384,601
Due after ten years		5,314,007		5,300,104
		27,555,997		27,631,847
Mortgage-backed securities		124,397,257		124,517,820

	$	151,953,254	$	152,149,667

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 September 30, 2015 and December 31, 2014:

	As of September 30, 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

U.S. Government- sponsored enterprises (GSEs)	$	4,970,320	$	(20,459)	$	-	$	-	$	4,970,320	$	(20,459)

Municipal securities		1,920,099		(21,026)		548,490		(6,120)		2,468,589		(27,146)

Mortgage-backed securities:
GSE residential		12,288,011		(13,116)		32,289,709		(351,992)		44,577,720		(365,108)
Government National
Mortgage Association guaranteed		2,290,952		(6,162)		2,884,408		(94,349)		5,175,360		(100,511)
	$	21,469,382	$	(60,763)	$	35,722,607	$	(452,461)	$	57,191,989	$	(513,224)

	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
U.S. Government- sponsored enterprises (GSEs)	$	3,305,318	$	(10,548)	$	9,794,890	$	(194,688)	$	13,100,208	$	(205,236)

Mortgage-backed securities:
GSE residential		-		-		31,236,202		(587,361)		31,236,202		(587,361)
Government National
Mortgage Association guaranteed		-		-		5,490,221		(157,415)		5,490,221		(157,415)
	$	3,305,318	$	(10,548)	$	46,521,313	$	(939,464)	$	49,826,631	$	(950,012)