Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2013

Other Real Estate Owned [Abstract]

Change in other real estate owned

The following table details the change in OREO during 2013, 2012 and 2011 as of December 31:

	2013			2012			2011
Balance, Beginning of Year	$	15,940,693		$	20,445,085		$	20,207,806
Additions		10,251,006			9,729,174			12,555,622
Sales of OREO		(7,804,080	)		(9,711,890	)		(9,804,669	)
Loss on Sale		(1,563,739	)		(1,818,967	)		(1,102,613	)
Provision for Losses		(1,321,418	)		(2,702,709	)		(1,411,061	)
Balance, End of Year	$	15,502,462		$	15,940,693		$	20,445,085