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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Schedule of major categories of loans

		2016				2015				2014
Mortgage:
Residential		$	105,878,368			$	116,027,206			$	120,933,420
Commercial			66,756,432				62,469,425				62,601,469
Construction and land development			5,210,949				5,518,588				7,073,720
Demand and time			4,679,475				4,539,701				3,518,752
Installment			83,581,052				75,302,771				84,103,142
			266,106,276				263,857,691				278,230,503
Unearned income on loans			(1,048,808	)			(1,070,734	)			(1,126,396	)
			265,057,468				262,786,957				277,104,107
Allowance for credit losses			(2,483,865	)			(3,150,251	)			(3,117,870	)
		$	262,573,603			$	259,636,706			$	273,986,237

Schedule of total allowance by loan segment

		Commercial								Consumer
		and				Commercial				and				Residential
2016		Industrial				Real Estate				Indirect				Real Estate				Unallocated				Total
Balance, beginning of year		$	305,323			$	261,663			$	803,902			$	1,630,898			$	148,465			$	3,150,251
Provision for credit losses			(29,619	)			361,024				431,428				239,803				(134,294	)			868,342
Recoveries			8,615				-				335,464				34,336				-				378,415
Loans charged off			-				(363,822	)			(695,242	)			(854,079	)			-				(1,913,143	)
Balance, end of year		$	284,319			$	258,865			$	875,552			$	1,050,958			$	14,171			$	2,483,865
Individually evaluated for impairment:
Balance in allowance		$	228,500			$	-			$	49,509			$	251,504			$	-			$	529,513
Related loan balance			228,500				1,412,914				503,460				2,871,898				-				5,016,772
Collectively evaluated for impairment:
Balance in allowance		$	55,819			$	258,865			$	826,043			$	799,454			$	14,171			$	1,954,352
Related loan balance			4,450,975				68,008,950				83,077,591				105,551,988				-				261,089,504

		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

Schedule of non accrual loans

		Commercial								Consumer
		and				Commercial				and				Residential
		Industrial				Real Estate				Indirect				Real Estate				Totals
December 31, 2013 Balance			14,286				1,237,647				338,212				1,123,248				2,713,393
Transfers into non-accrual			261,500				1,460,146				1,325,078				488,136				3,534,860
Transfers to OREO			-				-				-				(45,175	)			(45,175	)
Loans paid down/payoffs			(246,648	)			(1,357,287	)			(308,926	)			(165,958	)			(2,078,819	)
Loans returned to accrual status			-				-				-				-				-
Loans charged off			(29,138	)			(243,394	)			(839,012	)			(234,811	)			(1,346,355	)
December 31, 2014 Balance			-				1,097,112				515,352				1,165,440				2,777,904
Transfers into non-accrual			2,807				-				1,910,251				4,229,549				6,142,607
Transfers to OREO			-				-				-				(74,400	)			(74,400	)
Loans paid down/payoffs			-				(734,000	)			(568,741	)			(1,588,885	)			(2,891,626	)
Loans returned to accrual status			-				-				-				-				-
Loans charged off			(2,807	)			(63,000	)			(1,260,533	)			(848,396	)			(2,174,736	)
December 31, 2015 Balance			-				300,112				596,329				2,883,308				3,779,749
Transfers into non-accrual			-				840,300				968,536				1,461,106				3,269,942
Transfers to OREO			-				(113,893	)			-				(126,205	)			(240,098	)
Loans paid down/payoffs			-				(15,392	)			(102,038	)			(209,702	)			(327,132	)
Loans returned to accrual status							-				(311,953	)			(506,443	)			(818,396	)
Loans charged off			-				(363,822	)			(695,242	)			(854,079	)			(1,913,143	)
December 31, 2016 Balance			-				647,305				455,632				2,647,985				3,750,922

Schedule of risk ratings of loans by categories of loans

		Commercial								Consumer
		and				Commercial				and				Residential
2016		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	4,357,475			$	64,207,732			$	82,942,573			$	105,225,879			$	256,733,659
Special mention			93,500				3,801,217				276,012				527,189				4,697,918
Substandard			228,500				1,412,915				326,653				2,492,601				4,460,669
Doubtful			-				-				35,814				178,216				214,030
Loss			-				-				-				-				-
		$	4,679,475			$	69,421,864			$	83,581,052			$	108,423,885			$	266,106,276
Non-accrual			-				647,305				455,632				2,647,985				3,750,922
Troubled debt restructures			228,500				-				35,814				48,131				312,445
Number of TDRs accounts			1				-				1				1				3
Non-performing TDRs			-				-				35,814				48,131				83,945
Number of TDR accounts			-				-				1				1				2

		Commercial								Consumer
		and				Commercial				and				Residential
2015		Industrial				Real Estate				Indirect				Real Estate				Total
Pass		$	3,878,588			$	58,706,189			$	72,975,858			$	116,323,949			$	251,884,584
Special mention			168,113				4,422,115				1,652,579				539,483				6,782,290
Substandard			493,000				1,443,429				509,211				2,048,338				4,493,978
Doubtful			-				-				165,123				531,716				696,839
Loss			-				-				-				-				-
		$	4,539,701			$	64,571,733			$	75,302,771			$	119,443,486			$	263,857,691
Non-accrual			-				300,112				596,329				2,883,308				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			-				-				-				-				-

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

										90 Days or
						30-89 Days				More and
2016		Current				Past Due				Still Accruing				Nonaccrual				Total
Commercial and industrial		$	4,679,475			$	-			$	-			$	-			$	4,679,475
Commercial real estate			68,774,559				-				-				647,305				69,421,864
Consumer and indirect			82,133,896				991,524				-				455,632				83,581,052
Residential real estate			103,941,243				1,798,391				36,266				2,647,985				108,423,885
		$	259,529,173			$	2,789,915			$	36,266			$	3,750,922			$	266,106,276

										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				-				300,112				64,571,733
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				2,883,308				119,443,486
		$	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

Schedule of impaired financing receivables

2016		Recorded Investment				Unpaid Principal Balance				Interest Income Recognized				Specific Reserve				Average Recorded Investment
Impaired loans with specific reserves:
Real-estate - mortgage:
Residential		$	1,393,327			$	1,421,965			$	58,115			$	251,504			$	1,442,544
Commercial			-				-				-				-				-
Consumer			128,151				128,151				-				49,509				166,841
Installment			-				-				-				-				-
Home Equity			-				-				-				-				-
Commercial			228,500				228,500				8,014				228,500				234,579
Total impaired loans with specific reserves		$	1,749,978			$	1,778,616			$	66,129			$	529,513			$	1,843,964
Impaired loans with no specific reserve:
Real-estate - mortgage:
Residential		$	1,478,571			$	2,218,332			$	20,983				n/a			$	2,463,089
Commercial			1,412,914				1,565,219				58,797				n/a				1,593,903
Consumer			182,320				182,320				109				n/a				74,880
Installment			192,989				192,989				-				n/a				-
Home Equity			-				-				-				n/a				-
Commercial			-				-				-				n/a				-
Total impaired loans with no specific reserve		$	3,266,794			$	4,158,860			$	79,889				-			$	4,131,872

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

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524

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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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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=66008989&loc=d3e5111-111524

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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.

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Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

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