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Other Real Estate Operations (Tables)
12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Summary of Other Real Estate Operations

A summary of other real estate operations for the years ended December 31, 2013, 2012 and 2011 is as follows:

 

     2013     2012     2011  

Expenses of holding other real estate owned

   $ 325,650      $ 127,099      $ 918,291   

Impairment write-downs on other real estate owned

     —          —          165,764   

(Gain) loss on sale of other real estate owned

     (113,963     (185,143     (193,786

Rental income from other real estate owned

     —          —          (12,300
  

 

 

   

 

 

   

 

 

 

Expense from other real estate operations

   $ 211,687      $ (58,044   $ 877,969