Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table shows non-accrual loans by category at March 31, 2014 compared to December 31, 2013:



	At March 31, 2014				At December 31, 2013				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	4,505,186	1.24	%	$	4,607,613	1.25	%	$	(102,427	)	(2.2	)%
Commercial Business	758,886		0.21		33,055		0.01		725,831			2,195.8
Commercial Real Estate	5,085,637		1.41		4,972,667		1.35		112,970			2.3
Consumer	464,889		0.13		399,062		0.11		65,827			16.5
Total Non- accrual Loans	$	10,814,598	2.99	%	$	10,012,397	2.72	%	$	802,201		8.0	%

^{(1) PERCENT OF TOTAL LOANS HELD FOR INVESTMENT, NET OF DEFERRED FEES AND LOANS IN PROCESS.}

Impaired Financing Receivables [Table Text Block]

The following tables are a summary of information related to impaired loans as of March 31, 2014 and December 31, 2013 and for the three months ended March 31, 2014 and 2013.



			At				For The Three Months Ended March 31,
	March 31, 2014						2014				2013
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Invesment		Interest Income Recognized		Average Recorded Invesment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	4,438,004	$	5,220,333	$	—	$	4,494,249	$	12,942	$	4,289,656	$	10,686
Consumer Loans	258,423		258,423		—		259,796		88		318,396		1,445
Commercial Business	465,401		465,401		—		465,402		—		34,316		—
Commercial Real Estate	18,850,811		23,633,930		—		19,096,530		157,070		30,937,044		336,089
With An Allowance Recorded:
Residential Real Estate	984,313		984,313		156,067		989,513		—		—		—
Consumer Loans	68,140		68,140		2,600		68,474		1,247		—		—
Commercial Business	32,638		32,638		17,900		32,638		—		—		—
Commercial Real Estate	4,730,464		4,817,264		711,700		4,751,376		47,794		2,970,219		20,743
Total
Residential Real Estate	5,422,317		6,204,646		156,067		5,483,762		12,942		4,289,656		10,686
Consumer Loans	326,563		326,563		2,600		328,270		1,335		318,396		1,445
Commercial Business	498,039		498,039		17,900		498,040		—		34,316		—
Commercial Real Estate	23,581,275		28,451,194		711,700		23,847,906		204,864		33,907,263		356,832
Total	$	29,828,194	$	35,480,442	$	888,267	$	30,157,978	$	219,141	$	38,549,631	$	368,963

9. Loans Receivable, Net, Continued



	December 31, 2013
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	3,936,316	$	4,588,645	$	—
Consumer Loans	106,197		106,198		—
Commercial Business	19,775		19,775		—
Commercial Real Estate	21,810,347		26,775,853		—
With An Allowance Recorded:
Residential Real Estate	901,920		901,920		158,791
Consumer Loans	169,294		169,294		103,109
Commercial Business	—		—		—
Commercial Real Estate	4,410,965		4,954,058		840,658
Total
Residential Real Estate	4,838,236		5,490,565		158,791
Consumer Loans	275,491		275,492		103,109
Commercial Business	19,775		19,775		—
Commercial Real Estate	26,221,312		31,729,911		840,658
Total	$	31,354,814	$	37,515,743	$	1,102,558

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table is a summary of loans restructured as TDRs during the periods indicated:



	For the three months Ended March 31, 2014					For the three months Ended March 31, 2013
Troubled Debt Restructurings	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Residential Real Estate	—	$	—	$	—	—	$	—	$	—
Consumer Loans	—	—		—		—	—		—
Commercial Business	—	—		—		—	—		—
Commercial Real Estate	—	—		—		3	1,321,024		1,321,024
Total	—	$	—	$	—	3	$	1,321,024	$	1,321,024

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

The following tables show the activity in the allowance for loan losses by category for the periods indicated:



	For the Three Months Ended March 31, 2014
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,706,643		$	847,777		$	426,658		$	7,260,892		$	10,241,970
Provision	43,506			127,341			(74,961		)	4,114			100,000
Charge-Offs	(82,472		)	(194,449		)	—			(500,654		)	(777,575		)
Recoveries	479			23,199			17,684			239,998			281,360
Ending Balance	$	1,668,156		$	803,868		$	369,381		$	7,004,350		$	9,845,755



	For the Three Months Ended March 31, 2013
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,521,559		$	1,001,271		$	618,919		$	8,176,622		$	11,318,371
Provision	99,571			(81,813		)	(77,066		)	1,204,689			1,145,381
Charge-Offs	(29,246		)	(19,576		)	(4,436		)	(1,332,202		)	(1,385,460		)
Recoveries	—			8,511			5,486			12,937			26,934
Ending Balance	$	1,591,884		$	908,393		$	542,903		$	8,062,046		$	11,105,226

9. Loans Receivable, Net, Continued

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans receivable, net, consisted of the following as of the dates shown:




	March 31, 2014		December 31, 2013
Residential Real Estate Loans	$	79,352,237	$	83,004,482
Consumer Loans	51,681,511		52,205,901
Commercial Business	8,982,884		7,775,098
Commercial Real Estate	223,946,101		228,399,555
Total Loans Held For Investment	363,962,733		371,385,036
Loans Held For Sale	2,909,734		1,234,158
Total Loans Receivable, Gross	366,872,467		372,619,194
Less:
Allowance For Loan Losses	9,845,755		10,241,970
Loans In Process	2,030,733		3,465,072
Deferred Loan Fees (Costs)	14,683		(4,513		)
	11,891,171		13,702,529
Total Loans Receivable, Net	$	354,981,296	$	358,916,665

Schedule of Allowance for Loan Losses

Changes in the allowance for loan losses for the three months ended March 31, 2014 and 2013 are summarized as follows:



	Three Months Ended March 31,
	2014			2013
Balance At Beginning Of Period	$	10,241,970		$	11,318,371
Provision For Loan Losses	100,000			1,145,381
Charge Offs	(777,575		)	(1,385,460		)
Recoveries	281,360			26,934
Total Allowance For Loan Losses	$	9,845,755		$	11,105,226

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables list the loan grades used by the Company as credit quality indicators and the balance in each category at the dates presented, excluding loans held for sale.

9. Loans Receivable, Net, Continued



	Credit Quality Measures
March 31, 2014	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	71,352,992	$	1,370,589	$	400,455	$	6,228,201	$	79,352,237
Consumer	49,889,585		1,083,313		141,451		567,162		51,681,511
Commercial Business	7,847,583		410,369		59,526		665,406		8,982,884
Commercial Real Estate	132,015,857		38,442,618		34,424,437		19,063,189		223,946,101
Total	$	261,106,017	$	41,306,889	$	35,025,869	$	26,523,958	$	363,962,733



	Credit Quality Measures
December 31, 2013	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	74,505,587	$	890,902	$	403,138	$	7,204,855	$	83,004,482
Consumer	50,370,640		843,799		143,649		847,813		52,205,901
Commercial Business	6,807,620		368,019		524,928		74,531		7,775,098
Commercial Real Estate	135,793,150		43,252,464		25,581,235		23,772,706		228,399,555
Total	$	267,476,997	$	45,355,184	$	26,652,950	$	31,899,905	$	371,385,036

Past Due Financing Receivables [Table Text Block]

The following table presents an age analysis of past due balances by category at March 31, 2014:



	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Residential Real Estate	$	1,417,622	$	148,800	$	4,505,186	$	6,071,608	$	73,280,629	$	79,352,237
Consumer	1,152,159		30,135		464,889		1,647,183		50,034,328		51,681,511
Commercial Business	362,929		16,235		758,886		1,138,050		7,844,834		8,982,884
Commercial Real Estate	7,322,047		1,939,721		5,085,637		14,347,405		209,598,696		223,946,101
Total	$	10,254,757	$	2,134,891	$	10,814,598	$	23,204,246	$	340,758,487	$	363,962,733

The following table presents an age analysis of past due balances by category at December 31, 2013:



	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Residential Real Estate	$	—	$	1,363,132	$	4,607,613	$	5,970,745	$	77,033,737	$	83,004,482
Consumer	1,494,429		234,878		399,062		2,128,369		50,077,532		52,205,901
Commercial Business	115,186		—		33,055		148,241		7,626,857		7,775,098
Commercial Real Estate	5,103,522		2,046,666		4,972,667		12,122,855		216,276,700		228,399,555
Total	$	6,713,137	$	3,644,676	$	10,012,397	$	20,370,210	$	351,014,826	$	371,385,036

Allowance for Credit Losses on Financing Receivables [Table Text Block]

he following tables present information related to impaired loans evaluated individually for impairment and collectively evaluated for impairment in loans receivable for the periods indicated:



	Loans Receivable
March 31, 2014	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	5,422,317	$	73,929,920	$	79,352,237
Consumer	326,563		51,354,948		51,681,511
Commercial Business	498,039		8,484,845		8,982,884
Commercial Real Estate	23,581,275		200,364,826		223,946,101
Total	$	29,828,194	$	334,134,539	$	363,962,733



	Loans Receivable
December 31, 2013	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	4,838,236	$	78,166,246	$	83,004,482
Consumer	275,491		51,930,410		52,205,901
Commercial Business	19,775		7,755,323		7,775,098
Commercial Real Estate	26,221,312		202,178,243		228,399,555
Total	$	31,354,814	$	340,030,222	$	371,385,036

The following tables present information related to impaired loans evaluated individually for impairment and collectively evaluated for impairment in the allowance for loan losses:



	Allowance For Loan Losses
March 31, 2014	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	156,067	$	1,512,089	$	1,668,156
Consumer	2,600		801,268		803,868
Commercial Business	17,900		351,481		369,381
Commercial Real Estate	711,700		6,292,650		7,004,350
Total	$	888,267	$	8,957,488	$	9,845,755



	Allowance For Loan Losses
December 31, 2013	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	158,791	$	1,547,852	$	1,706,643
Consumer	103,109		744,668		847,777
Commercial Business	—		426,658		426,658
Commercial Real Estate	840,658		6,420,234		7,260,892
Total	$	1,102,558	$	9,139,412	$	10,241,970