Investment and Mortgage-Backed Securities, Available for Sale (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule of Available for Sale Securities

The amortized cost, gross unrealized gains, gross unrealized losses, and fair values of investment and mortgage-backed securities available for sale are as follows:

	June 30, 2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair value
FHLB Securities	$	16,788,459	$	66,319	$	522,191	$	16,332,587
Federal Farm Credit Bank ("FFCB") Securities	5,756,637		—		242,720		5,513,917
Fannie Mae ("FNMA") And Freddie Mac ("FHLMC") Bonds	3,015,316		1,855		25,320		2,991,851
Small Business Administration    (“SBA”) Bonds	89,367,398		2,381,429		222,179		91,526,648
Tax Exempt Municipal Bonds	62,148,887		507,294		2,890,385		59,765,796
Mortgage-Backed Securities	251,226,352		7,368,429		2,643,194		255,951,587
Equity Securities	257,938		—		8,438		249,500
	$	428,560,987	$	10,325,326	$	6,554,427	$	432,331,886
	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair value
FHLB Securities	$	6,115,036	$	53,954	$	4,320	$	6,164,670
SBA Bonds	94,152,203		2,466,354		156,287		96,462,270
Tax Exempt Municipal Bonds	35,772,115		1,770,567		60,534		37,482,148
Mortgage-Backed Securities	206,793,861		8,030,008		91,966		214,731,903
Equity Securities	102,938		—		27,713		75,225
	$	342,936,153	$	12,320,883	$	340,820	$	354,916,216

Schedule of Available For Sale Securities, Contractual Maturities

	Amortized Cost		Fair Value
Less Than One Year	$	2,000,000	$	2,006,870
One – Five Years	14,312,240		14,665,395
Over Five – Ten Years	67,498,366		67,969,587
More Than Ten Years	93,524,029		91,738,447
Mortgage-Backed Securities	251,226,352		255,951,587
	$	428,560,987	$	432,331,886

Schedule of Temporarily Impaired Securities, Fair Value and Unrealized Losses

The following tables show gross unrealized losses and fair value, aggregated by investment category, and length of time that the individual available for sale securities have been in a continuous unrealized loss position at the dates indicated.

	June 30, 2013
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
FHLB Securities	$	12,475,360	$	522,191	$	—	$	—	$	12,475,360	$	522,191
FFCB Securities	5,513,918		242,720						5,513,918		242,720
FNMA And FHLMC Bonds	1,990,280		25,320						1,990,280		25,320
SBA Bonds	14,595,582		222,179		—		—		14,595,582		222,179
Tax Exempt Municipal Bond	40,708,636		2,890,385		—		—		40,708,636		2,890,385
Mortgage-Backed Securities	68,147,948		2,636,697		1,287,119		6,497		69,435,067		2,643,194
Equity Securities	—		—		94,500		8,438		94,500		8,438
	$	143,431,724	$	6,539,492	$	1,381,619	$	14,935	$	144,813,343	$	6,554,427

7. Investment and Mortgage-Backed Securities, Available For Sale, Continued

	December 31, 2012
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
FHLB Securities	$	995,680	$	4,320	$	—	$	—	$	995,680	$	4,320
SBA Bonds	4,583,177		119,825		1,833,076		36,462		6,416,253		156,287
Tax Exempt Municipal Bond	4,538,734		60,534		—		—		4,538,734		60,534
Mortgage-Backed Securities	16,259,037		91,966		—		—		16,259,037		91,966
Equity Securities	—		—		75,225		27,713		75,225		27,713
	$	26,376,628	$	276,645	$	1,908,301	$	64,175	$	28,284,929	$	340,820