Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and due from banks	$ 6,788,689	$ 4,757,889
Interest-bearing deposits	8,900,190	35,166,448
Federal funds sold	120,029	48,009
Securities available-for-sale, at fair value	38,521,996	36,700,520
Restricted securities	1,638,350	1,584,700
Loans receivable, net of allowance for loan losses of $2,925,264 and $3,093,623	247,911,646	235,746,026
Loans held for sale	195,850	398,500
Premises and equipment, net	10,620,542	11,611,688
Accrued interest receivable	1,123,865	1,070,763
Other real estate owned, net	3,896,987	3,151,346
Bank owned life insurance	5,129,281
Goodwill	2,807,842	2,807,842
Mortgage servicing rights	579,145
Other assets	2,900,651	1,753,945
Total assets	331,135,063	334,797,676
Liabilities
Noninterest-bearing deposits	57,804,547	50,467,907
Savings and interest-bearing demand deposits	114,056,155	117,954,879
Time deposits	96,485,619	106,751,785
Total deposits	268,346,321	275,174,571
Securities sold under repurchase agreements	9,118,382	6,459,839
Federal Home Loan Bank advances	15,000,000	15,000,000
Other liabilities	1,533,861	1,578,295
Total liabilities	293,998,564	298,212,705
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 10,000,000 shares; outstanding - 4,817,856 and 4,810,856 shares, respectively)	24,089,280	24,054,280
Additional paid-in capital	2,757,450	2,670,021
Retained earnings	11,463,302	10,241,396
Accumulated other comprehensive loss, net	(1,173,533)	(380,726)
Total shareholders' equity	37,136,499	36,584,971
Total liabilities and shareholders' equity	$ 331,135,063	$ 334,797,676