Carrying Value and Estimated Fair Value of Financial Instruments (Detail) (USD $)
|
Sep. 30, 2014
|
Dec. 31, 2013
|
---|---|---|
Financial assets | ||
Cash and due from banks | $ 19,112,785 | $ 16,040,195 |
Interest bearing deposits with banks | 14,868,718 | 684,100 |
Securities held-to-maturity | 210,736,949 | |
Securities available-for-sale | 200,389,756 | 398,176,402 |
Net loans | 382,242,913 | 385,646,132 |
Financial liabilities | ||
Deposits | 695,440,109 | 654,788,316 |
Federal Home Loan Bank advances | 24,346,302 | 34,622,359 |
Securities Sold under Agreement to Repurchase | 82,318,447 | 82,420,781 |
Quoted Prices in Active Markets for Identical Assets (Level 1)
|
||
Financial assets | ||
Cash and due from banks | 19,112,785 | 16,040,195 |
Interest bearing deposits with banks | 14,868,718 | 684,100 |
Financial liabilities | ||
Deposits | 470,963,425 | 422,186,092 |
Securities Sold under Agreement to Repurchase | 82,318,447 | 82,420,781 |
Significant Other Observable Inputs (Level 2)
|
||
Financial assets | ||
Securities held-to-maturity | 210,736,949 | |
Securities available-for-sale | 197,540,281 | 395,410,199 |
Significant Unobservable Inputs (Level 3)
|
||
Financial assets | ||
Securities available-for-sale | 2,849,475 | 2,766,203 |
Net loans | 382,242,913 | 385,646,132 |
Financial liabilities | ||
Deposits | 224,476,684 | 232,602,224 |
Federal Home Loan Bank advances | 24,346,302 | 34,622,359 |
Carrying Value
|
||
Financial assets | ||
Cash and due from banks | 19,112,785 | 16,040,195 |
Interest bearing deposits with banks | 14,868,718 | 684,100 |
Securities held-to-maturity | 206,261,065 | |
Securities available-for-sale | 200,389,756 | 432,065,590 |
Net loans | 381,992,340 | 384,104,766 |
Financial liabilities | ||
Deposits | 695,291,209 | 654,629,796 |
Federal Home Loan Bank advances | 23,500,000 | 33,500,000 |
Securities Sold under Agreement to Repurchase | $ 82,318,447 | $ 82,420,781 |