Loans (Tables)

12 Months Ended

Dec. 31, 2012

Loans [Abstract]

Summary of balances of loans

The following is a summary of the balances of loans:

December 31,	2012			2011
Mortgage loans on real estate:
Construction, Land and Land Development	$	29,024,294		$	27,642,280
Farmland		1,442,757			1,526,050
Commercial Mortgages (Non-Owner Occupied)		13,420,551			16,198,584
Commercial Mortgages (Owner Occupied)		33,634,384			27,845,596
Residential First Mortgages		107,555,694			107,638,735
Residential Junior Mortgages		26,982,512			28,526,008
Commercial and Industrial		20,524,547			18,983,332
Consumer Loans		6,653,410			8,329,237
Total loans	$	239,238,149		$	236,689,822
Allowance for loan losses		(3,093,623	)		(3,188,541	)
Loans, net	$	236,144,526		$	233,501,281

Recorded investment in past due and nonaccruing loans

Loans Past Due and Nonaccruals

As of December 31, 2012

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
December 31, 2012
Construction, Land and Land Development	$	108,861	$	122,005	$	—	$	655,397	$	886,263	$	28,138,031	$	29,024,294
Farmland		—		—		—		—		—		1,442,757		1,442,757
Commercial Mortgages (Non-Owner Occupied)		—				—		318,418		318,418		13,102,133		13,420,551
Commercial Mortgages (Owner Occupied)		—		—		71,254		819,467		890,721		32,743,663		33,634,384
Residential First Mortgages		608,471		153,510		502		2,677,788		3,440,271		104,115,423		107,555,694
Residential Junior Mortgages		8,303		9,778		—		1,257,915		1,275,996		25,706,516		26,982,512
Commercial and Industrial		10,003		90,883		50,075		—		150,961		20,373,586		20,524,547
Consumer Loans		12,193		—		3,688		1,479		17,360		6,636,050		6,653,410
Total	$	747,831	$	376,176	$	125,519	$	5,730,464	$	6,979,990	$	232,258,159	$	239,238,149

Loans Past Due and Nonaccruals

As of December 31, 2011

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
December 31, 2011
Construction, Land and Land Development	$	—	$	93,287	$	—	$	534,037	$	627,324	$	27,014,956	$	27,642,280
Farmland		—		—		—		—		—		1,526,050		1,526,050
Commercial Mortgages (Non-Owner Occupied)		—		—		—		384,168		384,168		15,814,416		16,198,584
Commercial Mortgages (Owner Occupied)		—		—		—		256,749		256,749		27,588,847		27,845,596
Residential First Mortgages		128,632		92,503		—		1,666,779		1,887,914		105,750,821		107,638,735
Residential Junior Mortgages		29,712		—		—		1,741,286		1,770,998		26,755,010		28,526,008
Commercial and Industrial		43,364		—		—		742,720		786,084		18,197,248		18,983,332
Consumer Loans		56,272		466.560		60,090		90,933		673,855		7,655,382		8,329,237
Total	$	257,980	$	652,350	$	60,090	$	5,416,672	$	6,387,092	$	230,302,730	$	236,689,822