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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of major categories of loans

		2014				2013				2012
Mortgage:
Residential		$	120,933,420			$	123,645,939			$	107,728,972
Commercial			62,601,469				67,195,806				71,381,029
Construction and land development			7,073,720				6,582,553				3,915,299
Demand and time			3,518,752				4,172,747				4,901,107
Installment			84,103,142				73,230,433				66,096,285
			278,230,503				274,827,478				254,022,692
Unearned income on loans			(1,126,396	)			(1,171,339	)			(1,083,247	)
			277,104,107				273,656,139				252,939,445
Allowance for credit losses			(3,117,870	)			(2,972,019	)			(3,307,920	)
		$	273,986,237			$	270,684,120			$	249,631,525

Schedule of total allowance by loan segment

	Commercial									Consumer
		and				Commercial				and				Residential
2014		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	412,909			$	898,362			$	1,187,604			$	593,463			$	(120,319	)		$	2,972,019
Provision for credit losses			(4,580	)			(448,027	)			601,522				805,261				66,700				1,020,876
Recoveries			6,440				128,068				331,108				5,714				-				471,330
Loans charged off			(29,138	)			(243,394	)			(839,012	)			(234,811	)			-				(1,346,355	)
Balance, end of year		$	385,631			$	335,009			$	1,281,222			$	1,169,627			$	(53,619	)		$	3,117,870
Individually evaluated for impairment:
Balance in allowance		$	252,500			$	148,791			$	186,226			$	682,642			$	-			$	1,270,159
Related loan balance			252,500				2,155,816				1,106,217				2,931,143				-				6,445,676
Collectively evaluated for impairment:
Balance in allowance		$	133,131			$	186,218			$	1,094,996			$	486,985			$	(53,619	)		$	1,847,711
Related loan balance			3,266,252				63,486,816				82,996,925				122,034,834				-				271,784,827

	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

Schedule of risk ratings of loans by categories of loans

		Commercial								Consumer
		and				Commercial				and				Residential
2014		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	3,177,639			$	58,837,254			$	80,501,928			$	121,244,374			$	263,761,195
Special mention			88,613				4,649,562				2,555,654				832,546				8,126,375
Substandard			252,500				2,155,816				882,600				2,726,156				6,017,072
Doubtful			-				-				162,960				-				162,960
Loss			-				-				-				162,901				162,901
		$	3,518,752			$	65,642,632			$	84,103,142			$	124,965,977			$	278,230,503
Non-accrual			-				1,097,112				515,352				1,165,440				2,777,904
Troubled debt restructures			252,500				-				-				-				252,500
Number of TDRs accounts			1				-				-				-				1
Non-performing TDRs			-				-				-				-				-
Number of TDR accounts			-				-				-				-				-

		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

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

										90 Days or
						30-89 Days				More and
2014		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	3,518,752			$	-			$	-			$	-			$	3,518,752
Commercial real estate			64,545,207				313				-				1,097,112				65,642,632
Consumer and indirect			81,315,689				2,272,101				-				515,352				84,103,142
Residential real estate			123,284,983				318,782				196,772				1,165,440				124,965,977
		$	272,664,631			$	2,591,196			$	196,772			$	2,777,904			$	278,230,503

										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

Schedule of impaired financing receivables

						Unpaid				Interest								Average
		Recorded				Principal				Income				Specific				Recorded
2014		Investment				Balance				Recognized				Reserve				Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	2,726,247			$	2,726,247			$	177,707			$	682,642			$	2,747,299
Commercial			1,094,708				1,094,708				783				148,791				1,162,367
Consumer			611,728				611,728				30,903				186,226				622,854
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			252,500				252,500				11,027				252,500				258,577
Total impaired loans with specific reserves		$	4,685,183			$	4,685,183			$	220,420			$	1,270,159			$	4,791,097
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	204,896			$	266,091			$	2,641				n/a			$	340,435
Commercial			1,061,108				1,061,108				48,548				n/a				1,089,641
Consumer			60,656				60,656				-				n/a				-
Installment			433,833				433,833				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			-				-				-				n/a				-
Total impaired loans with no specific reserve		$	1,760,493			$	1,821,688			$	51,189				-			$	1,430,076

						Unpaid				Interest								Average
		Recorded				Principal				Income				Specific				Recorded
2013		Investment				Balance				Recognized				Reserve				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

						Unpaid				Interest								Average
		Recorded				Principal				Income				Specific				Recorded
2012		Investment				Balance				Recognized				Reserve				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

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

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524

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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=35738203&loc=SL6953659-111524



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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

-Paragraph 15

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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=35738203&loc=d3e5111-111524



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7A

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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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