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Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Schedule of summary of investment securities |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
December 31, 2015 |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 2,995,525 |  |  | $ | 122 |  |  | $ | 4,162 |  |  | $ | 2,991,485 |
State and municipal |  |  | 29,635,572 |  |  |  | 397,568 |  |  |  | 37,041 |  |  |  | 29,996,099 |
Mortgage-backed |  |  | 66,659,924 |  |  |  | 21,182 |  |  |  | 878,680 |  |  |  | 65,802,426 |
|  | $ | 99,291,021 |  |  | $ | 418,872 |  |  | $ | 919,883 |  |  | $ | 98,790,010 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
December 31, 2014 |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 7,946,530 |  |  | $ | 5,843 |  |  | $ | 23,883 |  |  | $ | 7,928,490 |
U.S. Government agencies |  |  | 28,360 |  |  |  | 295,584 |  |  |  | - |  |  |  | 323,944 |
State and municipal |  |  | 32,771,006 |  |  |  | 813,974 |  |  |  | 75,534 |  |  |  | 33,509,446 |
Corporate trust preferred |  |  | 247,150 |  |  |  | - |  |  |  | 83,695 |  |  |  | 163,455 |
Mortgage-backed |  |  | 46,831,094 |  |  |  | 95,832 |  |  |  | 859,116 |  |  |  | 46,067,810 |
|  | $ | 87,824,140 |  |  | $ | 1,211,233 |  |  | $ | 1,042,228 |  |  | $ | 87,993,145 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
December 31, 2013 |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 28,360 |  |  | $ | 575,000 |  |  | $ | - |  |  | $ | 603,360 |
State and municipal |  |  | 32,395,630 |  |  |  | 360,384 |  |  |  | 1,746,943 |  |  |  | 31,009,071 |
Corporate trust preferred |  |  | 333,395 |  |  |  | - |  |  |  | 109,403 |  |  |  | 223,992 |
Mortgage-backed |  |  | 43,512,419 |  |  |  | 688,095 |  |  |  | 1,723,255 |  |  |  | 42,477,259 |
|  | $ | 76,269,804 |  |  | $ | 1,623,479 |  |  | $ | 3,579,601 |  |  | $ | 74,313,682 |
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
U.S. Treasury |  | $ | 2,492,190 |  |  | $ | 4,162 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,492,190 |  |  | $ | 4,162 |
State and Municipal |  |  | 3,616,349 |  |  |  | 25,197 |  |  |  | 810,953 |  |  |  | 11,844 |  |  |  | 4,427,302 |  |  |  | 37,041 |
Mortgaged-backed |  |  | 39,761,158 |  |  |  | 376,176 |  |  |  | 16,961,097 |  |  |  | 502,504 |  |  |  | 56,722,255 |  |  |  | 878,680 |
|  | $ | 45,869,697 |  |  | $ | 405,535 |  |  | $ | 17,772,050 |  |  | $ | 514,348 |  |  | $ | 63,641,747 |  |  | $ | 919,883 |
Schedule of rollforward of the cumulative other-than-temporary credit losses recognized in earnings for all debt and equity securities |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Estimated credit losses, beginning of year |  | $ | 3,262,496 |  |  | $ | 3,262,496 |  |  | $ | 3,246,915 |
Sales of securities with previous OTTI recognized |  |  | (3,262,496 | ) |  |  | - |  |  |  | - |
Credit losses - no previous OTTI recognized |  |  | - |  |  |  | - |  |  |  | - |
Credit losses - previous OTTI recognized |  |  | - |  |  |  | - |  |  |  | 15,581 |
Estimated credit losses, end of year |  | $ | - |  |  | $ | 3,262,496 |  |  | $ | 3,262,496 |
Schedule of contractual maturities of investment securities |
|  | Available for Sale |
|  | Amortized |  |  | Fair |
December 31, 2015 |  | Cost |  |  | Value |
Due within one year |  | $ | - |  |  | $ | - |
Due over one to five years |  |  | 2,995,525 |  |  |  | 2,991,485 |
Due over five to ten years |  |  | - |  |  |  | - |
Due over ten years |  |  | 29,635,572 |  |  |  | 29,996,099 |
Mortgage-backed, due in monthly installments |  |  | 66,659,924 |  |  |  | 65,802,426 |
|  | $ | 99,291,021 |  |  | $ | 98,790,010 |
|  | Available for Sale |
|  | Amortized |  |  | Fair |
December 31, 2014 |  | Cost |  |  | Value |
Due within one year |  | $ | 61,064 |  |  | $ | 61,780 |
Due over one to five years |  |  | 5,938,706 |  |  |  | 5,923,560 |
Due over five to ten years |  |  | 2,007,824 |  |  |  | 2,004,890 |
Due over ten years |  |  | 32,957,092 |  |  |  | 33,611,161 |
Mortgage-backed, due in monthly installments |  |  | 46,859,454 |  |  |  | 46,391,754 |
|  | $ | 87,824,140 |  |  | $ | 87,993,145 |
|  | Available for Sale |
|  | Amortized |  |  | Fair |
December 31, 2013 |  | Cost |  |  | Value |
Due within one year |  | $ | - |  |  | $ | - |
Due over one to five years |  |  | - |  |  |  | - |
Due over five to ten years |  |  | - |  |  |  | - |
Due over ten years |  |  | 32,729,025 |  |  |  | 31,233,063 |
Mortgage-backed, due in monthly installments |  |  | 43,540,779 |  |  |  | 43,080,619 |
|  | $ | 76,269,804 |  |  | $ | 74,313,682 |

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