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Securities Available for Sale (Tables)
3 Months Ended
Dec. 31, 2013
Securities Available for Sale [Abstract]  
Summary of temporarily impaired securities

 

    Less than 12 Months   12 Months or Longer
                 
        Unrealized       Unrealized
Description of Securities   Fair Value   Losses   Fair Value   Losses
Preferred stock   $19,665,921   $(1,542,827)   $619,836   $(85,164)
Common stock   3,933,200   (326,998)   -0-   -0-
Total   $23,599,121   $(1,869,825)   $619,836   $(85,164)
Summary of the range of losses

 

Number of

Individual

Securities

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Range of Loss

13   $6,347,041   $(186,855)   0-5%
13   14,420,285   (1,248,847)   6-10%
4   3,128,136   (422,777)   11-15%
1   206,600   (43,400)   16-20%
1   116,895   (53,110)   31%
32   $24,218,957   $(1,954,989)