Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule Of Available For Sale Securities and Held To Maturity Reconciliation [Table Text Block]

The amortized cost and fair value of securities available-for-sale and held-to-maturity at March 31, 2013 and December 31, 2012 are summarized as follows:

	March 31, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Debt securities available-for-sale:
U.S. Government agencies	$	3,912,202	$	54,799	$	-		$	3,967,001
State and municipal securities		21,512,100		1,850,863		-			23,362,963
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA		8,532,585		168,643		-			8,701,228
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		55,168,704		66,220		(140,287	)		55,094,637
	$	89,125,591	$	2,140,525	$	(140,287	)	$	91,125,829
Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	42,579	$	1,051	$	-		$	43,630

	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Debt securities available-for-sale:
U.S. Government agencies	$	3,961,956	$	56,195	$	-		$	4,018,151
State and municipal securities		21,531,727		2,101,590		-			23,633,317
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA		9,092,205		132,038		(1,824	)		9,222,419
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		39,151,568		86,099		(14,908	)		39,222,759
	$	73,737,456	$	2,375,922	$	(16,732	)	$	76,096,646
Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	45,086	$	1,341	$	(8	)	$	46,212

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and estimated market value of securities at March 31, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Securities Available-for-Sale				Securities Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	-	$	-	$	-	$	-
Due from one year to five years		1,091,942		1,166,169		-		-
Due from five years to ten years		5,499,656		6,056,232		-		-
Due after ten years		18,832,704		20,107,563		-		-
	$	25,424,302	$	27,329,964		-		-
Mortgage-backed securities		63,701,289		63,795,865		42,579		43,630
	$	89,125,591	$	91,125,829	$	42,579	$	43,630

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available for sale have been in a continuous unrealized loss position, as of March 31, 2013 and as of December 31, 2012:

	As of March 31, 2013
	Less than 12 Months					12 Months or Greater				Total
			Gross					Gross				Gross
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
Mortgage-backed Securities:
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies	$	33,814,587	$	(140,287	)	$	-	$	-	$	33,814,587	$	(140,287	)
	$	33,814,587	$	(140,287	)	$	-	$	-	$	33,814,587	$	(140,287	)

	As of December 31, 2012
	Less than 12 Months					12 Months or Greater				Total
			Gross					Gross				Gross
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
Mortgage-backed securities:
Residential mortgage loans guaranteed by GNMA or FNMA	$	667,325	$	(1,824	)	$	-	$	-	$	667,325	$	(1,824	)
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		22,514,641		(14,908	)		-		-		22,514,641		(14,908	)
	$	23,181,966	$	(16,732	)	$	-	$	-	$	23,181,966	$	(16,732	)