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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Allowance for Loan Losses [Abstract]  
Allowance for loan losses
Changes in the allowance for loan losses for the years ended December 31 are as follows:

  
2014
  
2013
  
2012
 
       
Balance, Beginning of Year
 
$
11,805,986
  
$
12,736,921
  
$
15,649,594
 
             
Provision for Loan Losses
  
1,308,000
   
4,485,000
   
6,784,767
 
Loans Charged Off
  
(5,104,491
)
  
(6,227,716
)
  
(10,454,175
)
Recoveries of Loans Previously Charged Off
  
792,821
   
811,781
   
756,735
 
             
Balance, End of Year
 
$
8,802,316
  
$
11,805,986
  
$
12,736,921
 
 
The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the years ended December 31.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other loan categories and periodically may result in reallocation within the provision categories.
 
 
2014
 
Beginning Balance
  
Charge-Offs
  
Recoveries
  
Provision
  
Ending Balance
 
           
Commercial and Agricultural
          
Commercial
 
$
1,017,073
  
$
(624,944
)
 
$
76,002
  
$
29,430
  
$
497,561
 
Agricultural
  
293,886
   
-
   
2,700
   
7,586
   
304,172
 
                     
Real Estate
                    
Commercial Construction
  
1,782,179
   
(1,543,099
)
  
485,005
   
498,610
   
1,222,695
 
Residential Construction
  
138,092
   
-
   
-
   
-
   
138,092
 
Commercial
  
4,379,276
   
(1,326,825
)
  
90,042
   
522,284
   
3,664,777
 
Residential
  
3,278,269
   
(1,033,966
)
  
31,127
   
149,897
   
2,425,327
 
Farmland
  
311,494
   
(233,580
)
  
20,000
   
5,886
   
103,800
 
                     
Consumer and Other
                    
Consumer
  
243,253
   
(342,077
)
  
72,477
   
93,261
   
66,914
 
Other
  
362,464
   
-
   
15,468
   
1,046
   
378,978
 
                     
  
$
11,805,986
  
$
(5,104,491
)
 
$
792,821
  
$
1,308,000
  
$
8,802,316
 
                     
2013
                    
                     
Commercial and Agricultural
                    
Commercial
 
$
981,021
  
$
(120,690
)
 
$
55,829
  
$
100,913
  
$
1,017,073
 
Agricultural
  
296,175
   
(34,502
)
  
6,200
   
26,013
   
293,886
 
                     
Real Estate
                    
Commercial Construction
  
1,890,200
   
(2,071,162
)
  
253,459
   
1,709,682
   
1,782,179
 
Residential Construction
  
138,092
   
-
   
-
   
-
   
138,092
 
Commercial
  
5,162,839
   
(2,872,408
)
  
297,984
   
1,790,861
   
4,379,276
 
Residential
  
3,405,947
   
(706,242
)
  
64,583
   
513,981
   
3,278,269
 
Farmland
  
290,526
   
(20,977
)
  
21,762
   
20,183
   
311,494
 
                     
Consumer and Other
                    
Consumer
  
227,774
   
(397,822
)
  
93,520
   
319,781
   
243,253
 
Other
  
344,347
   
(3,913
)
  
18,444
   
3,586
   
362,464
 
                     
  
$
12,736,921
  
$
(6,227,716
)
 
$
811,781
  
$
4,485,000
  
$
11,805,986
 
 
 
2012
 
Beginning Balance
  
Charge-Offs
  
Recoveries
  
Provision
  
Ending Balance
 
           
Commercial and Agricultural
          
Commercial
 
$
1,070,560
  
$
(653,389
)
 
$
139,802
  
$
424,048
  
$
981,021
 
Agricultural
  
297,168
   
(3,028
)
  
-
   
2,035
   
296,175
 
                     
Real Estate
                    
Commercial Construction
  
3,122,594
   
(4,106,124
)
  
209,352
   
2,664,378
   
1,890,200
 
Residential Construction
  
138,092
   
-
   
-
   
-
   
138,092
 
Commercial
  
6,448,064
   
(4,325,642
)
  
232,880
   
2,807,537
   
5,162,839
 
Residential
  
3,695,357
   
(960,620
)
  
47,690
   
623,520
   
3,405,947
 
Farmland
  
364,663
   
(224,725
)
  
4,716
   
145,872
   
290,526
 
                     
Consumer and Other
                    
Consumer
  
205,154
   
(169,249
)
  
81,956
   
109,913
   
227,774
 
Other
  
307,942
   
(11,398
)
  
40,339
   
7,464
   
344,347
 
                     
  
$
15,649,594
  
$
(10,454,175
)
 
$
756,735
  
$
6,784,767
  
$
12,736,921
 
Allowance for loan losses, segregated by impairment methodology
At December 31, 2014, impaired loans totaling $3,885,411 were below the $250,000 review threshold and were not individually reviewed for impairment.  Those loans were subject to the Bank’s general loan loss reserve methodology and are included in the “Collectively Evaluated for Impairment” column of the following tables.  Likewise, at December 31, 2013 and 2012, impaired loans totaling $2,821,199 and $1,026,624, respectively, were below the $250,000 and $50,000 review threshold and were subject to the bank’s general loan loss reserve methodology and are included in the “Collectively Evaluated for Impairment” column of the following tables.

  
Ending Allowance Balance
  
Ending Loan Balance
 
2014
 
Individually Evaluated for Impairment
  
Collectively Evaluated for Impairment
  
Total
  
Individually Evaluated for Impairment
  
Collectively Evaluated for Impairment
  
Total
 
             
Commercial and Agricultural
            
Commercial
 
$
96,580
  
$
400,981
  
$
497,561
  
$
96,580
  
$
50,863,685
  
$
50,960,265
 
Agricultural
  
-
   
304,172
   
304,172
   
-
   
16,689,444
   
16,689,444
 
                         
Real Estate
                        
Commercial Construction
  
53,947
   
1,168,748
   
1,222,695
   
3,384,377
   
47,874,593
   
51,258,970
 
Residential Construction
  
-
   
138,092
   
138,092
   
-
   
11,220,683
   
11,220,683
 
Commercial
  
456,941
   
3,207,836
   
3,664,777
   
21,693,061
   
310,537,786
   
332,230,847
 
Residential
  
414,684
   
2,010,643
   
2,425,327
   
7,559,965
   
196,192,655
   
203,752,620
 
Farmland
  
28,962
   
74,838
   
103,800
   
1,700,793
   
48,250,191
   
49,950,984
 
                         
Consumer and Other
                        
Consumer
  
-
   
66,914
   
66,914
   
-
   
22,820,314
   
22,820,314
 
Other
  
-
   
378,978
   
378,978
   
-
   
7,209,682
   
7,209,682
 
                         
Total End of Year Balance
 
$
1,051,114
  
$
7,751,202
  
$
8,802,316
  
$
34,434,776
  
$
711,659,033
  
$
746,093,809
 
 
  
Ending Allowance Balance
  
Ending Loan Balance
 
2013
 
Individually Evaluated for Impairment
  
Collectively Evaluated for Impairment
  
Total
  
Individually Evaluated for Impairment
  
Collectively Evaluated for Impairment
  
Total
 
             
Commercial and Agricultural
            
Commercial
 
$
433,714
  
$
583,359
  
$
1,017,073
  
$
1,542,058
  
$
46,565,390
  
$
48,107,448
 
Agricultural
  
-
   
293,886
   
293,886
   
-
   
10,665,938
   
10,665,938
 
                         
Real Estate
                        
Commercial Construction
  
830,546
   
951,633
   
1,782,179
   
7,971,298
   
44,767,485
   
52,738,783
 
Residential Construction
  
-
   
138,092
   
138,092
   
-
   
6,549,260
   
6,549,260
 
Commercial
  
423,685
   
3,955,591
   
4,379,276
   
24,757,942
   
317,025,596
   
341,783,538
 
Residential
  
526,005
   
2,752,264
   
3,278,269
   
6,545,490
   
199,712,437
   
206,257,927
 
Farmland
  
85,500
   
225,994
   
311,494
   
1,617,206
   
45,417,220
   
47,034,426
 
                         
Consumer and Other
                        
Consumer
  
-
   
243,253
   
243,253
   
-
   
25,675,560
   
25,675,560
 
Other
  
-
   
362,464
   
362,464
   
9,146
   
12,396,436
   
12,405,582
 
                         
Total End of Year Balance
 
$
2,299,450
  
$
9,506,536
  
$
11,805,986
  
$
42,443,140
  
$
708,775,322
  
$
751,218,462
 
     
2012
                        
                         
Commercial and Agricultural
                        
Commercial
 
$
462,555
  
$
518,466
  
$
981,021
  
$
2,512,133
  
$
53,172,359
  
$
55,684,492
 
Agricultural
  
-
   
296,175
   
296,175
   
-
   
6,210,953
   
6,210,953
 
                         
Real Estate
                        
Commercial Construction
  
1,732,534
   
157,666
   
1,890,200
   
13,892,135
   
39,915,921
   
53,808,056
 
Residential Construction
  
-
   
138,092
   
138,092
   
-
   
5,852,238
   
5,852,238
 
Commercial
  
1,236,526
   
3,926,313
   
5,162,839
   
28,205,405
   
306,180,772
   
334,386,177
 
Residential
  
840,492
   
2,565,455
   
3,405,947
   
8,022,249
   
195,822,273
   
203,844,522
 
Farmland
  
-
   
290,526
   
290,526
   
2,393,775
   
46,663,086
   
49,056,861
 
                         
Consumer and Other
                        
Consumer
  
-
   
227,774
   
227,774
   
28,007
   
29,749,769
   
29,777,776
 
Other
  
-
   
344,347
   
344,347
   
17,491
   
8,411,445
   
8,428,936
 
                         
Total End of Year Balance
 
$
4,272,107
  
$
8,464,814
  
$
12,736,921
  
$
55,071,195
  
$
691,978,816
  
$
747,050,011