Securities (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2013 and December 31, 2012 are summarized as follows:

	September 30, 2013
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Debt securities available for sale:
U.S. Government agencies	$	3,479,680	$	48,665	$	-	$	3,528,345
State and municipal securities		17,065,923		683,599		(55,166)		17,694,356
Mortgage-backed securities:
Residential mortgage loans guaranteed      by GNMA or FNMA		7,797,244		106,280		-		7,903,524
Collateralized mortgage obligations      issued or guaranteed by U.S.      Government agencies or sponsored      agencies		66,403,939		53,727		(301,475)		66,156,191
	$	94,746,786	$	892,271	$	(356,641)	$	95,282,416
Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage loans guaranteed      by GNMA or FNMA	$	36,620	$	969	$	-	$	37,589

	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 September 30, 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		1,267,124		1,338,576		-		-
Due from five years to ten years		6,310,901		6,648,634		-		-
Due after ten years		12,967,578		13,235,491		-		-
	$	20,545,603	$	21,222,701	$	-	$	-
Mortgage-backed securities		74,201,183		74,059,715		36,620		37,589
	$	94,746,786	$	95,282,416	$	36,620	$	37,589

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 September 30, 2013 and as of December 31, 2012:

	As of September 30, 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
State and municipal securities	$	1,138,535	$	(40,736)	$	554,465	$	(14,430)	$	1,693,000	$	(55,166)
Mortgage-backed securities Collateralized mortgage     obligations issued or     guaranteed by U.S.     Government agencies     or sponsored agencies		48,435,866		(278,248)		9,042,662		(23,227)		57,478,528		(301,475)
	$	49,574,401	$	(318,984)	$	9,597,127	$	(37,657)	$	59,171,528	$	(356,641)

	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)