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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2012
Fair Value Disclosures [Abstract] |
Fair value measurements, recurring and nonrecurring | Fair value measurements on a recurring and non-recurring basis at December 31, 2012 are as follows:
|  |  |  |  |  |  |  |  |  |  | Fair |
December 31, 2011 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Value |
Recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  | $ | - |  |  | $ | 102,866,555 |  |  | $ | - |  |  | $ | 102,866,555 |
Non-recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maryland Financial Bank stock |  |  | - |  |  |  | - |  |  |  | 30,000 |  |  |  | 30,000 |
Impaired loans |  |  | - |  |  |  | - |  |  |  | 8,308,934 |  |  |  | 8,308,934 |
OREO |  |  | - |  |  |  | 1,110,696 |  |  |  | - |  |  |  | 1,110,696 |
|  | $ | - |  |  | $ | 103,977,251 |  |  | $ | 8,338,934 |  |  | $ | 112,316,185 |
Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of securities |  |  | - |  |  |  | 35,121,229 |  |  |  | - |  |  |  | 35,121,229 |
Sales, calls, and maturities of securities |  |  | - |  |  |  | (37,256,611 | ) |  |  | - |  |  |  | (37,256,611 | )
Net amortization/accretion of premium/discount |  |  | - |  |  |  | (1,264,878 | ) |  |  | - |  |  |  | (1,264,878 | )
Increase in market value |  |  | - |  |  |  | 1,023,972 |  |  |  | - |  |  |  | 1,023,972 |
OTTI on investments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Maryland Financial Bank stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
OTTI on stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New impaired loans |  |  | - |  |  |  | - |  |  |  | 1,111,173 |  |  |  | 1,111,173 |
Payments and other loan reductions |  |  | - |  |  |  | - |  |  |  | (4,710,826 | ) |  |  | (4,710,826 | )
Change in total provision |  |  | - |  |  |  | - |  |  |  | 1,628,771 |  |  |  | 1,628,771 |
Loans converted to OREO |  |  | - |  |  |  | - |  |  |  | (254,536 | ) |  |  | (254,536 | )
OREO: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
OREO converted from loans |  |  | - |  |  |  | 254,536 |  |  |  | - |  |  |  | 254,536 |
Sales of OREO |  |  | - |  |  |  | (887,042 | ) |  |  | - |  |  |  | (887,042 | )
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  | - |  |  |  | 100,490,267 |  |  |  | - |  |  |  | 100,490,267 |
Non-recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maryland Financial Bank stock |  |  | - |  |  |  | - |  |  |  | 30,000 |  |  |  | 30,000 |
Impaired loans |  |  | - |  |  |  | - |  |  |  | 6,083,516 |  |  |  | 6,083,516 |
OREO |  |  | - |  |  |  | 478,190 |  |  |  | - |  |  |  | 478,190 |
|  | $ | - |  |  | $ | 100,968,457 |  |  | $ | 6,113,516 |  |  | $ | 107,081,973 |

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- Definition Tabular disclosure related to 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 recurring and/or nonrecurring basis in periods after initial recognition. Disclosures 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) as well as transfers between levels 1 and 2. + 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 Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: 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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -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. + Details
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