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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2012

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Major categories of loans are as follows:

		2012				2011				2010
Mortgage:
Residential		$	107,728,972			$	107,664,598			$	102,199,134
Commercial			71,381,029				67,655,908				72,669,909
Construction and land development			3,915,299				5,091,870				5,363,232
Demand and time			4,901,107				7,193,074				7,193,070
Installment			66,096,285				50,118,030				46,860,351
			254,022,692				237,723,480				234,285,696
Unearned income on loans			(1,083,247	)			(1,058,299	)			(1,035,292	)
			252,939,445				236,665,181				233,250,404
Allowance for credit losses			(3,307,920	)			(3,930,924	)			(3,399,516	)
		$	249,631,525			$	232,734,257			$	229,850,888

Allowance for Credit Losses on Financing Receivables

The following table presents the total allowance by loan segment:

		Commercial								Consumer
		and				Commercial				and				Residential
2012		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	557,169			$	2,012,962			$	888,614			$	595,812			$	(123,633	)		$	3,930,924
Provision for credit losses			29,282				(919,161	)			357,622				525,897				256,360				250,000
Recoveries			10,558				89,439				286,564				5,714				-				392,275
Loans charged off			(55,093	)			-				(475,269	)			(734,917	)			-				(1,265,279	)
Balance, end of year		$	541,916			$	1,183,240			$	1,057,531			$	392,506			$	132,727			$	3,307,920
Individually evaluated for impairment:
Balance in allowance		$	451,126			$	807,735			$	20,000			$	35,916			$	-			$	1,314,777
Related loan balance			796,511				4,980,503				76,251				1,545,028				-				7,398,293
Collectively evaluated for impairment:
Balance in allowance		$	90,790			$	375,505			$	1,037,531			$	356,590			$	132,727			$	1,993,143
Related loan balance			4,104,596				67,898,601				66,020,034				108,601,168				-				246,624,399

		Commercial								Consumer
		and				Commercial				and				Residential
2011		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	263,251			$	2,108,223			$	829,517			$	196,275			$	2,250			$	3,399,516
Provision for credit losses			295,525				(165,691	)			256,886				402,163				(125,883	)			663,000
Recoveries			4,010				70,430				408,889				1,475				-				484,804
Loans charged off			(5,617	)			-				(606,678	)			(4,101	)			-				(616,396	)
Balance, end of year		$	557,169			$	2,012,962			$	888,614			$	595,812			$	(123,633	)		$	3,930,924
Individually evaluated for impairment:
Balance in allowance		$	455,735			$	1,641,711			$	44,235			$	411,423			$	-			$	2,553,104
Related loan balance			1,248,279				7,538,638				125,455				1,963,886				-				10,876,258
Collectively evaluated for impairment:
Balance in allowance		$	101,434			$	371,251			$	844,379			$	184,389			$	(123,633	)		$	1,377,820
Related loan balance			5,944,795				63,535,256				49,992,575				107,374,596				-				226,847,222

		Commercial								Consumer
		and				Commercial				and				Residential
2010		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	237,461			$	2,380,024			$	842,901			$	162,142			$	(50,000	)		$	3,572,528
Provision for credit losses			(7,822	)			542,416				448,197				14,959				52,250				1,050,000
Recoveries			45,731				10,593				497,479				85,195				-				638,998
Loans charged off			(12,119	)			(824,810	)			(959,060	)			(66,021	)			-				(1,862,010	)
Balance, end of year		$	263,251			$	2,108,223			$	829,517			$	196,275			$	2,250			$	3,399,516
Individually evaluated for impairment:
Balance in allowance		$	180,736			$	1,691,887			$	20,000			$	32,146			$	-			$	1,924,769
Related loan balance			1,335,332				8,999,390				466,575				658,151				-				11,459,448
Collectively evaluated for impairment:
Balance in allowance		$	82,515			$	416,336			$	809,517			$	164,129			$	2,250			$	1,474,747
Related loan balance			5,857,738				67,450,241				46,393,776				103,124,493				-				222,826,248

Financing Receivable Credit Quality Indicators

Risk ratings of loans by categories of loans are as follows:

		Commercial								Consumer
		and				Commercial				and				Residential
2012		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	4,296,139			$	63,297,427			$	64,160,355			$	107,943,667			$	239,697,588
Special mention			183,507				5,970,942				1,485,366				1,189,613				8,829,428
Substandard			421,461				3,610,735				360,672				1,012,916				5,405,784
Doubtful			-				-				89,892				-				89,892
Loss			-				-				-				-				-
		$	4,901,107			$	72,879,104			$	66,096,285			$	110,146,196			$	254,022,692
Non-accrual			17,286				2,645,320				237,193				1,108,866				4,008,665
Troubled debt restructures			-				1,369,768				-				832,500				2,202,268
Number of TDRs contracts			-				1				-				1				2
Non-performing TDRs			-				1,369,768				-				832,500				2,202,268
Number of TDR accounts			-				1				-				1				2

		Commercial								Consumer
		and				Commercial				and				Residential
2011		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	5,882,615			$	58,798,799			$	48,528,582			$	106,301,944			$	219,511,940
Special mention			327,048				4,736,458				1,324,580				1,333,217				7,721,303
Substandard			983,411				7,538,637				190,044				1,703,321				10,415,413
Doubtful			-				-				74,824				-				74,824
Loss			-				-				-				-				-
		$	7,193,074			$	71,073,894			$	50,118,030			$	109,338,482			$	237,723,480
Non-accrual			20,286				4,484,260				74,824				481,323				5,060,693
Troubled debt restructures			9,491				2,818,295				-				1,280,423				4,108,209
Number of TDRs accounts			1				1				-				1				3
Non-performing TDRs			-				2,818,295				-				-				2,818,295
Number of TDR accounts			-				1				-				-				1

		Commercial								Consumer
		and				Commercial				and				Residential
2010		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	5,852,779			$	66,763,903			$	44,931,931			$	102,281,090			$	219,829,703
Special mention			642,248				686,338				1,543,756				809,127				3,681,469
Substandard			698,043				8,999,390				259,939				692,427				10,649,799
Doubtful			-				-				124,725				-				124,725
Loss			-				-				-				-				-
		$	7,193,070			$	76,449,631			$	46,860,351			$	103,782,644			$	234,285,696
Non-accrual			1,359,554				4,522,246				124,925				976,279				6,983,004
Troubled debt restructures			35,711				2,808,466				-				-				2,844,177
Number of TDRs accounts			1				1				-				-				2

Past Due Financing Receivables

Current, past due, and nonaccrual loans by categories of loans are as follows:

										90 Days or
						30-89 Days				More and
2012		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	4,678,297			$	205,524			$	-			$	17,286			$	4,901,107
Commercial real estate			68,879,791				-				1,353,993				2,645,320				72,879,104
Consumer and indirect			64,427,468				1,431,624				-				237,193				66,096,285
Residential real estate			108,545,538				233,045				258,747				1,108,866				110,146,196
		$	246,531,094			$	1,870,193			$	1,612,740			$	4,008,665			$	254,022,692

										90 Days or
						30-89 Days				More and
2011		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	7,134,672			$	38,116			$	-			$	20,286			$	7,193,074
Commercial real estate			66,589,634				-				-				4,484,260				71,073,894
Consumer and indirect			48,744,945				1,298,261				-				74,824				50,118,030
Residential real estate			108,703,963				134,591				18,605				481,323				109,338,482
		$	231,173,214			$	1,470,968			$	18,605			$	5,060,693			$	237,723,480

										90 Days or
						30-89 Days				More and
2010		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	5,735,517			$	97,999			$	-			$	1,359,554			$	7,193,070
Commercial real estate			70,675,983				1,251,402				-				4,522,246				76,449,631
Consumer and indirect			45,155,344				1,580,082				-				124,925				46,860,351
Residential real estate			102,706,757				99,608				-				976,279				103,782,644
		$	224,273,601			$	3,029,091			$	-			$	6,983,004			$	234,285,696

Impaired Financing Receivables Loans

When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method.

2012		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	180,416			$	180,416			$	11,838			$	35,916			$	182,019
Commercial			3,610,735				4,210,735				99,079				807,735				3,642,095
Consumer			75,513				75,513				7,759				20,000				76,098
Installment			147,301				147,301				7,806				29,666				147,574
Home Equity			-				-				-				-				-
Commercial			421,460				421,460				20,463				421,460				432,174
Total impaired loans with specific reserves		$	4,435,425			$	5,035,425			$	146,945			$	1,314,777			$	4,479,960
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	1,364,612			$	1,812,535			$	75,050				n/a			$	1,794,861
Commercial			1,369,768				1,369,768				-				n/a				2,440,982
Consumer			738				-				-				n/a				-
Installment			227,750				-				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			-				-				-				n/a				-
Total impaired loans with no specific reserve		$	2,962,868			$	3,182,303			$	75,050				-			$	4,235,843

2011		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	1,703,322			$	1,703,322			$	62,320			$	411,423			$	1,708,158
Commercial			6,502,986				7,102,986				218,564				1,641,711				6,559,298
Consumer			100,455				100,455				10,423				44,235				103,733
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			730,061				730,061				40,445				455,735				755,371
Total impaired loans with specific reserves		$	9,036,824			$	9,636,824			$	331,752			$	2,553,104			$	9,126,560
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	260,564			$	260,564			$	7,149				n/a			$	245,128
Commercial			1,035,652				1,035,652				50,036				n/a				1,051,139
Consumer			25,000				25,000				-				n/a				-
Installment			264,868				264,868				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			253,350				253,350				20,937				n/a				303,606
Total impaired loans with no specific reserve		$	1,839,434			$	1,839,434			$	78,122				-			$	1,599,873

2010		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	427,204			$	427,204			$	19,326			$	32,146			$	431,575
Commercial			6,605,317				7,205,317				417,554				1,691,887				6,513,982
Consumer			77,358				77,358				2,605				20,000				77,358
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			481,847				481,847				30,651				180,736				502,870
Total impaired loans with specific reserves		$	7,591,726			$	8,191,726			$	470,136			$	1,924,769			$	7,525,785
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	230,947			$	230,947			$	12,204				n/a			$	231,090
Commercial			2,394,073				2,394,073				67,082				n/a				3,285,175
Consumer			389,217				389,217				-				n/a				513,901
Installment			-				-				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			853,485				853,485				45,407				n/a				973,839
Total impaired loans with no specific reserve		$	3,867,722			$	3,867,722			$	124,693				-			$	5,004,005

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953659-111524



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Tabular disclosure of impaired financing receivables.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

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