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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Schedule of major categories of loans

		2015				2014				2013
Mortgage:
Residential		$	116,027,206			$	120,933,420			$	123,645,939
Commercial			62,469,425				62,601,469				67,195,806
Construction and land development			5,518,588				7,073,720				6,582,553
Demand and time			4,539,701				3,518,752				4,172,747
Installment			75,302,771				84,103,142				73,230,433
			263,857,691				278,230,503				274,827,478
Unearned income on loans			(1,070,734	)			(1,126,396	)			(1,171,339	)
			262,786,957				277,104,107				273,656,139
Allowance for credit losses			(3,150,251	)			(3,117,870	)			(2,972,019	)
		$	259,636,706			$	273,986,237			$	270,684,120

Schedule of total allowance by loan segment

		Commercial								Consumer
		and				Commercial				and				Residential
2015		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	385,631			$	335,009			$	1,281,222			$	1,169,627			$	(53,619	)		$	3,117,870
Provision for credit losses			(78,901	)			(23,814	)			296,437				1,299,194				202,084				1,695,000
Recoveries			1,400				13,468				486,776				10,473				-				512,117
Loans charged off			(2,807	)			(63,000	)			(1,260,533	)			(848,396	)			-				(2,174,736	)
Balance, end of year		$	305,323			$	261,663			$	803,902			$	1,630,898			$	148,465			$	3,150,251
Individually evaluated for impairment:
Balance in allowance		$	240,500			$	100,745			$	65,353			$	697,088			$	-			$	1,103,686
Related loan balance			240,500				1,143,317				950,722				2,792,239				-				5,126,778
Collectively evaluated for impairment:
Balance in allowance		$	64,823			$	160,918			$	738,549			$	933,810			$	148,465			$	2,046,565
Related loan balance			4,299,201				63,128,304				74,352,049				116,951,359				-				258,730,913

		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

Schedule of risk ratings of loans by categories of loans

		Commercial								Consumer
		and				Commercial				and				Residential
2015		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	3,878,588			$	58,706,189			$	72,975,858			$	116,596,449			$	252,157,084
Special mention			168,113				4,422,115				1,652,579				539,483				6,782,290
Substandard			493,000				1,143,317				509,211				2,075,950				4,221,478
Doubtful			-				-				165,123				531,716				696,839
Loss			-				-				-				-				-
		$	4,539,701			$	64,271,621			$	75,302,771			$	119,743,598			$	263,857,691
Non-accrual			-				-				596,329				3,183,420				3,779,749
Troubled debt restructures			240,500				-				-				49,868				290,368
Number of TDRs accounts			1				-				-				1				2
Non-performing TDRs			-				-				-				-				-
Number of TDR accounts			-				-				-				-				-

		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			-				-				-				-				-

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

										90 Days or
						30-89 Days				More and
2015		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	4,539,701			$	-			$	-			$	-			$	4,539,701
Commercial real estate			64,270,345				1,276				-				-				64,271,621
Consumer and indirect			73,568,010				1,122,155				16,277				596,329				75,302,771
Residential real estate			115,715,127				806,566				38,485				3,183,420				119,743,598
		$	258,093,183			$	1,929,997			$	54,762			$	3,779,749			$	263,857,691

										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

Schedule of impaired financing receivables

2015		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	1,809,429			$	1,809,429			$	56,804			$	697,088			$	1,820,233
Commercial			300,112				300,112				-				100,745				314,929
Consumer			145,874				145,874				-				65,353				170,499
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			240,500				240,500				10,517				240,500				246,571
Total impaired loans with specific reserves		$	2,495,915			$	2,495,915			$	67,321			$	1,103,686			$	2,552,232
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	982,810			$	1,115,579			$	14,664				n/a			$	1,170,747
Commercial			843,205				843,205				37,786				n/a				876,376
Consumer			364,695				449,370				1,696				n/a				452,682
Installment			440,153				440,153				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			-				-				-				n/a				-
Total impaired loans with no specific reserve		$	2,630,863			$	2,848,307			$	54,146				-			$	2,499,805

2014		Recorded  Investment				Unpaid  Principal  Balance				Interest  Income  Recognized				Specific  Reserve				Average  Recorded  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

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

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=49124121&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 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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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=49124121&loc=d3e5111-111524

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-Publisher FASB
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-Topic 310
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-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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