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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Values Of Financial Instruments [Abstract]

Schedule of estimated fair value and carrying values of financial instruments

		2016								2015								2014
		Carrying				Fair				Carrying				Fair				Carrying				Fair
		Amount				Value				Amount				Value				Amount				Value
Financial assets:
Cash and due from banks		$	6,946,065			$	6,946,065			$	7,493,524			$	7,493,524			$	7,101,352			$	7,101,352
Interest-bearing deposits in other financial institutions			479,178				479,178				2,308,117				2,308,117				2,154,817				2,154,817
Federal funds sold			3,196,919				3,196,919				2,569,767				2,569,767				4,024,065				4,024,065
Investment securities available for sale			94,606,576				94,606,576				98,790,010				98,790,010				87,993,145				87,993,145
Federal Home Loan Bank Stock			1,200,100				1,200,100				1,203,100				1,203,100				1,327,800				1,327,800
Maryland Financial Bank Stock			30,000				30,000				30,000				30,000				30,000				30,000
Ground rents			163,634				163,634				163,638				163,638				169,200				169,200
Loans, less allowance for credit losses			262,573,603				260,223,000				259,636,706				252,239,000				273,986,237				268,536,000
Accrued interest receivable			1,134,557				1,134,557				1,121,405				1,121,405				1,274,137				1,274,137
Cash value of life insurance			9,327,878				9,327,878				9,357,712				9,357,712				9,138,658				9,138,658

Financial liabilities:
Deposits			333,237,328				315,418,000				335,191,530				307,924,000				338,877,292				310,239,000
Long-term borrowings			20,000,000				20,445,000				20,000,000				20,688,000				20,000,000				20,951,000
Dividends payable			-				-				-				-				276,096				276,096
Accrued interest payable			34,123				34,123				39,855				39,855				39,823				39,823
Unrecognized financial instruments:
Commitments to extend credit			25,164,714				25,164,714				21,385,509				21,385,509				21,372,092				21,372,092
Standby letters of credit			47,580				47,580				47,580				47,580				57,580				57,580

Schedule of fair value hierarchy of financial instruments

		Carrying				Fair
December 31, 2016		Amount				Value				Level 1				Level 2				Level 3

Financial instruments - Assets
Cash and cash equivalents		$	10,622,162			$	10,622,162			$	10,622,162				-			$	-
Loans receivable, net			262,573,603				260,223,000				-				-				260,223,000
Cash value of life insurance			9,327,878				9,327,878				-				9,327,878				-
Financial instruments - Liabilities
Deposits			333,237,328				315,418,000				210,525,000				104,893,000				-
Long-term debt			20,000,000				20,445,000				-				20,445,000				-