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Fair Value and Interest Rate Risk (Tables) | 9 Months Ended
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Sep. 30, 2012
Fair Value and Interest Rate Risk [Abstract] |
Financial assets measured at fair value on a recurring basis |
September 30, 2012 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance as of September 30, 2012 |
U.S. Government agency mortgage- backed securities |  | $ | — |  |  | $ | 2,505,107 |  |  | $ | — |  |  | $ | 2,505,107 |
U.S. Government bonds |  |  | — |  |  |  | 7,491,913 |  |  |  | — |  |  |  | 7,491,913 |
Corporate bonds |  |  | — |  |  |  | 8,317,911 |  |  |  | — |  |  |  | 8,317,911 |
Securities available for sale |  | $ | — |  |  | $ | 18,314,931 |  |  | $ | — |  |  | $ | 18,314,931 |
December 31, 2011 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance as of December 31, 2011 |
U.S. Government agency mortgage- backed securities |  | $ | — |  |  | $ | 50,049,429 |  |  | $ | — |  |  | $ | 50,049,429 |
U.S. Government bonds |  |  |  |  |  |  | 5,037,085 |  |  |  | — |  |  |  | 5,037,085 |
Corporate bonds |  |  | — |  |  |  | 11,383,458 |  |  |  | — |  |  |  | 11,383,458 |
Securities available for sale |  | $ | — |  |  | $ | 66,469,972 |  |  | $ | — |  |  | $ | 66,469,972 |
Financial assets measured at fair value on a non-recurring basis |
September 30, 2012 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Balance |
Impaired Loans (1) |  | $ | - |  |  | $ | - |  |  | $ | 7,088,845 |  |  | $ | 7,088,845 |
Other real estate owned (2) |  | $ | - |  |  | $ | - |  |  | $ | 1,252,024 |  |  | $ | 1,252,024 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired Loans (1) |  | $ | — |  |  | $ | — |  |  | $ | 13,498,177 |  |  | $ | 13,498,177 |
Other real estate owned (2) |  | $ | — |  |  | $ | — |  |  | $ | 2,762,640 |  |  | $ | 2,762,640 |
Carrying amounts and estimated fair values of financial instruments |
|  |  |  |  | September 30, 2012 |  |  | December 31, 2011 |
|  | Fair Value Hierarchy |  |  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and noninterest bearing balances due from banks |  |  | Level 1 |  |  | $ | 3,320 |  |  | $ | 3,320 |  |  | $ | 4,242 |  |  | $ | 4,242 |
Interest-bearing deposits due from banks |  |  | Level 1 |  |  |  | 40,510 |  |  |  | 40,510 |  |  |  | 50,474 |  |  |  | 50,474 |
Short-term investments |  |  | Level 1 |  |  |  | 710 |  |  |  | 710 |  |  |  | 710 |  |  |  | 710 |
Other investments |  |  | Level 2 |  |  |  | 3,500 |  |  |  | 3,500 |  |  |  | 3,500 |  |  |  | 3,500 |
Federal Reserve Bank stock |  |  | Level 1 |  |  |  | 1,744 |  |  |  | 1,744 |  |  |  | 1,707 |  |  |  | 1,707 |
Federal Home Loan Bank stock |  |  | Level 1 |  |  |  | 4,344 |  |  |  | 4,344 |  |  |  | 4,508 |  |  |  | 4,508 |
Loans receivable, net |  |  | Level 3 |  |  |  | 493,110 |  |  |  | 503,121 |  |  |  | 501,477 |  |  |  | 511,648 |
Accrued interest receivable |  |  | Level 1 |  |  |  | 1,979 |  |  |  | 1,979 |  |  |  | 2,453 |  |  |  | 2,453 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits |  |  | Level 1 |  |  | $ | 59,310 |  |  | $ | 59,310 |  |  | $ | 65,613 |  |  | $ | 65,613 |
Savings deposits |  |  | Level 1 |  |  |  | 70,808 |  |  |  | 70,808 |  |  |  | 59,396 |  |  |  | 59,396 |
Money market deposits |  |  | Level 1 |  |  |  | 44,093 |  |  |  | 44,093 |  |  |  | 52,890 |  |  |  | 52,890 |
NOW accounts |  |  | Level 1 |  |  |  | 24,860 |  |  |  | 24,860 |  |  |  | 24,396 |  |  |  | 24,396 |
Time deposits |  |  | Level 2 |  |  |  | 284,884 |  |  |  | 288,818 |  |  |  | 342,614 |  |  |  | 347,246 |
FHLB Borrowings |  |  | Level 2 |  |  |  | 60,000 |  |  |  | 63,068 |  |  |  | 50,000 |  |  |  | 52,645 |
Securities sold under repurchase agreements |  |  | Level 2 |  |  |  | 7,000 |  |  |  | 7,737 |  |  |  | 7,000 |  |  |  | 8,173 |
Subordinated debentures |  |  | Level 2 |  |  |  | 8,248 |  |  |  | 8,248 |  |  |  | 8,248 |  |  |  | 8,248 |
Accrued interest payable |  |  | Level 1 |  |  |  | 1,166 |  |  |  | 1,166 |  |  |  | 949 |  |  |  | 949 |

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- Definition 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 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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