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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Measurements [Abstract]  
Summary of financial assets and liabilities measured at fair value on a recurring basis

 

 

Fair Value Measurements at Reporting Date Using
   Quoted  Prices Significant  
   In Active Other Significant
   Markets for Observable Unobservable
   Identical  Assets Inputs Inputs
 Total  (Level 1)  (Level 2)  (Level 3)
As of March 31, 2014:       
Securities Available for Sale - Preferred stock$24,462,440 $24,462,440 $-0- $-0-
Securities Available for Sale - Common stock36,238,303 36,238,303 -0- -0-
Interest Rate Swap (1)(35,352) -0- (35,352) -0-
Total $60,665,391 $60,700,743  $(35,352) $-0-
        
As of December 31, 2013:       
Securities Available for Sale - Preferred stock$24,536,942 $24,536,942 $-0- $-0-
Securities Available for Sale - Common stock34,718,000 34,718,000 -0- -0-
Interest Rate Swap (1)(39,840) -0- (39,840) -0-
Total $59,215,102  $59,254,942 $(39,840)$-0-

 

(1)Included in Accrued Liability and Deposits