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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Schedule of major categories of loans

		2013				2012				2011
Mortgage:
Residential		$	123,645,939			$	107,728,972			$	107,664,598
Commercial			67,195,806				71,381,029				67,655,908
Construction and land development			6,582,553				3,915,299				5,091,870
Demand and time			4,172,747				4,901,107				7,193,074
Installment			73,230,433				66,096,285				50,118,030
			274,827,478				254,022,692				237,723,480
Unearned income on loans			(1,171,339	)			(1,083,247	)			(1,058,299	)
			273,656,139				252,939,445				236,665,181
Allowance for credit losses			(2,972,019	)			(3,307,920	)			(3,930,924	)
		$	270,684,120			$	249,631,525			$	232,734,257

Schedule of total allowance by loan segment

		Commercial								Consumer
		and				Commercial				and				Residential
2013		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	541,916			$	1,183,240			$	1,057,531			$	392,506			$	132,727			$	3,307,920
Provision for credit losses			46,303				(374,067	)			468,559				372,251				(253,046	)			260,000
Recoveries			26,804				89,189				313,795				7,714				-				437,502
Loans charged off			(202,114	)			-				(652,281	)			(179,008	)			-				(1,033,403	)
Balance, end of year		$	412,909			$	898,362			$	1,187,604			$	593,463			$	(120,319	)		$	2,972,019
Individually evaluated for impairment:
Balance in allowance		$	278,786			$	550,794			$	178,657			$	155,330			$	-			$	1,163,567
Related loan balance			278,786				3,364,193				636,174				1,629,643				-				5,908,796
Collectively evaluated for impairment:
Balance in allowance		$	134,123			$	347,568			$	1,008,947			$	438,133			$	(120,319	)		$	1,808,452
Related loan balance			3,893,961				65,414,415				72,594,259				127,016,047				-				268,918,682

		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

Schedule of risk ratings of loans by categories of loans

		Commercial								Consumer
		and				Commercial				and				Residential
2013		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	3,594,809			$	59,914,422			$	71,554,400			$	126,774,441			$	261,838,072
Special mention			299,152				5,499,993				1,102,091				1,312,103				8,213,339
Substandard			278,786				3,364,193				508,243				559,146				4,710,368
Doubtful			-				-				65,699				-				65,699
Loss			-				-				-				-				-
		$	4,172,747			$	68,778,608			$	73,230,433			$	128,645,690			$	274,827,478
Non-accrual			14,286				1,237,647				338,212				1,123,248				2,713,393
Troubled debt restructures			-				-				-				-				-
Number of TDRs contracts			-				-				-				-				-
Non-performing TDRs			-				-				-				-				-
Number of TDR accounts			-				-				-				-				-

		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 accounts			-				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

Schedule of current, past due, and nonaccrual loans by categories of loans

										90 Days or
						30-89 Days				More and
2013		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	4,158,461			$	-			$	-			$	14,286			$	4,172,747
Commercial real estate			66,191,062				173,000				1,176,899				1,237,647				68,778,608
Consumer and indirect			71,755,109				1,137,112				-				338,212				73,230,433
Residential real estate			126,934,475				157,123				430,844				1,123,248				128,645,690
		$	269,039,107			$	1,467,235			$	1,607,743			$	2,713,393			$	274,827,478

										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

Schedule of impaired financing receivables

2013		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	559,146			$	559,146			$	15,768			$	155,330			$	563,961
Commercial			2,187,294				2,187,294				55,535				550,794				2,271,949
Consumer			393,740				393,740				20,767				178,657				394,356
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			278,786				278,786				11,541				278,786				286,433
Total impaired loans with specific reserves		$	3,418,966			$	3,418,966			$	103,611			$	1,163,567			$	3,516,699
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	1,070,497			$	1,070,497			$	39,257				n/a			$	1,071,479
Commercial			1,176,899				1,176,899				46,583				n/a				1,231,505
Consumer			10,602				10,602				-				n/a				-
Installment			180,204				180,204				-				n/a				-
Home Equity			51,628				51,628				-				n/a				50,999
Commercial			-				-				-				n/a				-
Total impaired loans with no specific reserve		$	2,489,830			$	2,489,830			$	85,840				-			$	2,353,983

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

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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- Definition

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=28368275&loc=SL6953659-111524



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-Name Accounting Standards Codification

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-SubTopic 10

-Section 55

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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=28368275&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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

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-Paragraph 3, 4

-Article 5

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