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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Values Of Financial Instruments [Abstract]

Schedule of estimated fair value and carrying values of financial instruments


		2013								2012								2011
		Carrying				Fair				Carrying				Fair				Carrying				Fair
		Amount				Value				Amount				Value				Amount				Value
Financial assets:
Cash and due from banks		$	9,214,503			$	9,214,503			$	9,332,087			$	9,332,087			$	6,877,110			$	6,877,110
Interest-bearing deposits in other financial institutions			1,636,194				1,636,194				6,627,394				6,627,394				2,422,579				2,422,579
Federal funds sold			102,772				102,772				2,669,101				2,669,101				653,901				653,901
Investment securities available for sale			74,313,682				74,313,682				100,490,267				100,490,267				102,866,555				102,866,555
Federal Home Loan Bank Stock			1,452,900				1,452,900				1,448,000				1,448,000				1,520,400				1,520,400
Maryland Financial Bank Stock			30,000				30,000				30,000				30,000				30,000				30,000
Ground rents			169,200				169,200				175,200				175,200				175,200				175,200
Loans, less allowance for credit losses			270,684,120				270,684,120				249,631,525				251,419,000				232,734,257				231,912,000
Accrued interest receivable			1,509,238				1,509,238				1,450,321				1,450,321				1,541,519				1,541,519

Financial liabilities:
Deposits			323,803,356				291,046,000				332,288,886				314,680,000				311,944,661				293,713,000
Short-term borrowings			-				-				-				-				254,749				254,749
Long-term borrowings			20,000,000				21,032,000				20,000,000				21,899,000				20,000,000				21,425,000
Dividends payable			274,737				274,737				-				-				271,791				271,791
Accrued interest payable			28,523				28,523				28,365				28,365				48,101				48,101
Unrecognized financial instruments:
Commitments to extend credit			23,868,826				23,868,826				26,235,516				26,235,516				22,704,032				22,704,032
Standby letters of credit			32,000				32,000				32,000				32,000				32,000				32,000