Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2015

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

The following table shows non-accrual loans by loan category at March 31, 2015 compared to December 31, 2014:



	At March 31, 2015				At December 31, 2014				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	2,925,155	0.87	%	$	3,061,339	0.90	%	$	(136,184	)	(4.4	)%
Commercial Business	288,281		0.09		246,977		0.10		41,304			16.7
Commercial Real Estate	5,119,394		1.51		9,859,689		2.80		(4,740,295		)	(48.1	)
Consumer	632,978		0.19		573,644		0.20		59,334			10.3
Total Non-accrual Loans	$	8,965,808	2.66	%	$	13,741,649	4.00	%	$	(4,775,841	)	(34.8	)%

^{(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, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and 2014.



			At				For the Three Months Ended March 31,
	March 31, 2015						2015				2014
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,687,102	$	2,810,291	$	—	$	2,924,360	$	828	$	4,494,249	$	12,942
Consumer	150,869		158,369		—		152,271		272		259,796		88
Commercial Business	232,601		432,601		—		235,173		—		465,402		—
Commercial Real Estate	11,181,568		15,430,504		—		13,217,496		75,944		19,096,530		157,070
With An Allowance Recorded:
Residential Real Estate	—		—		—		—		—		989,513		—
Consumer	310,994		310,994		248,189		312,418		1,200		68,474		1,247
Commercial Business	—		—		—		—		—		32,638		—
Commercial Real Estate	1,135,067		1,141,867		125,300		1,140,637		17,128		4,751,376		47,794
Total
Residential Real Estate	2,687,102		2,810,291		—		2,924,360		828		5,483,762		12,942
Consumer	461,863		469,363		248,189		464,689		1,472		328,270		1,335
Commercial Business	232,601		432,601		—		235,173		—		498,040		—
Commercial Real Estate	12,316,635		16,572,371		125,300		14,358,133		93,072		23,847,906		204,864
Total	$	15,698,201	$	20,284,626	$	373,489	$	17,982,355	$	95,372	$	30,157,978	$	219,141

7. Loans Receivable, Net, Continued



	December 31, 2014
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	2,519,814	$	2,618,003	$	—
Consumer Loans	152,029		159,529		—
Commercial Business	236,030		436,030		—
Commercial Real Estate	13,721,964		18,088,149		—
With An Allowance Recorded:
Consumer Loans	66,203		66,203		2,600
Commercial Real Estate	3,551,915		3,582,465		472,400
Total
Residential Real Estate	2,519,814		2,618,003		—
Consumer Loans	218,232		225,732		2,600
Commercial Business	236,030		436,030		—
Commercial Real Estate	17,273,879		21,670,614		472,400
Total	$	20,247,955	$	24,950,379	$	475,000

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, 2015					For the three months Ended March 31, 2014
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	840,292		840,292		—	—		—
Total	3	$	840,292	$	840,292	—	$	—	$	—

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 loan category for the periods indicated:



	For the Three Months Ended March 31, 2015
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,392,065		$	886,716		$	159,353		$	5,919,362		$	8,357,496
Provision	7,370			330,931			345,077			(583,378		)	100,000
Charge-Offs	(45,000		)	(120,618		)	(10,947		)	(442,449		)	(619,014		)
Recoveries	—			44,768			3,320			32,347			80,435
Ending Balance	$	1,354,435		$	1,141,797		$	496,803		$	4,925,882		$	7,918,917



	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

7. 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, 2015		December 31, 2014
Residential Real Estate Loans	$	76,077,084	$	77,282,817
Consumer Loans	50,385,443		50,391,224
Commercial Business	8,902,887		10,564,467
Commercial Real Estate	204,646,950		209,530,209
Total Loans Held For Investment	340,012,364		347,768,717
Loans Held For Sale	1,878,844		1,864,999
Total Loans Receivable, Gross	341,891,208		349,633,716
Less:
Allowance For Loan Losses	7,918,917		8,357,496
Loans In Process	1,879,523		1,379,114
Deferred Loan Fees (Costs)	34,341		22,611
	9,832,781		9,759,221
Total Loans Receivable, Net	$	332,058,427	$	339,874,495

Schedule of Allowance for Loan Losses

Changes in the allowance for loan losses for the three months ended March 31, 2015 and 2014 are summarized as follows:



	Three Months Ended March 31,
	2015			2014
Balance At Beginning Of Period	$	8,357,496		$	10,241,970
Provision For Loan Losses	100,000			100,000
Charge Offs	(619,014		)	(777,575		)
Recoveries	80,435			281,360
Total Allowance For Loan Losses	$	7,918,917		$	9,845,755

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 for each loan category at the dates presented, excluding loans held for sale.

7. Loans Receivable, Net, Continued



	Credit Quality Measures
March 31, 2015	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	67,580,371	$	914,752	$	1,422,850	$	6,159,111	$	76,077,084
Consumer	47,467,158		1,547,751		175,250		1,195,284		50,385,443
Commercial Business	7,809,979		346,482		303,389		443,037		8,902,887
Commercial Real Estate	123,958,229		31,959,619		36,466,884		12,262,218		204,646,950
Total	$	246,815,737	$	34,768,604	$	38,368,373	$	20,059,650	$	340,012,364



	Credit Quality Measures
December 31, 2014	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	69,163,911	$	956,976	$	639,638	$	6,522,292	$	77,282,817
Consumer	48,283,560		1,046,624		128,033		933,007		50,391,224
Commercial Business	9,691,685		340,706		202,895		329,181		10,564,467
Commercial Real Estate	125,339,273		32,549,335		35,169,358		16,472,243		209,530,209
Total	$	252,478,429	$	34,893,641	$	36,139,924	$	24,256,723	$	347,768,717

Past Due Financing Receivables [Table Text Block]

The following table presents an age analysis of past due balances by loan category at March 31, 2015:



	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	$	773,271	$	739,422	$	2,925,155	$	4,437,848	$	71,639,236	$	76,077,084
Consumer	1,090,070		214,442		632,978		1,937,490		48,447,953		50,385,443
Commercial Business	108,752		115,982		288,281		513,015		8,389,872		8,902,887
Commercial Real Estate	9,402,639		1,328,852		5,119,394		15,850,885		188,796,065		204,646,950
Total	$	11,374,732	$	2,398,698	$	8,965,808	$	22,739,238	$	317,273,126	$	340,012,364

The following table presents an age analysis of past due balances by loan category at December 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	$	—	$	1,087,299	$	3,061,339	$	4,148,638	$	73,134,179	$	77,282,817
Consumer	1,868,787		91,223		573,644		2,533,654		47,857,570		50,391,224
Commercial Business	162,481		99,784		246,977		509,242		10,055,225		10,564,467
Commercial Real Estate	4,544,813		1,094,701		9,859,689		15,499,203		194,031,006		209,530,209
Total	$	6,576,081	$	2,373,007	$	13,741,649	$	22,690,737	$	325,077,980	$	347,768,717

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

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



	Loans Receivable
March 31, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,687,102	$	73,389,982	$	76,077,084
Consumer	461,863		49,923,580		50,385,443
Commercial Business	232,601		8,670,286		8,902,887
Commercial Real Estate	12,316,635		192,330,315		204,646,950
Total	$	15,698,201	$	324,314,163	$	340,012,364



	Loans Receivable
December 31, 2014	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,519,814	$	74,763,003	$	77,282,817
Consumer	218,232		50,172,992		50,391,224
Commercial Business	236,030		10,328,437		10,564,467
Commercial Real Estate	17,273,879		192,256,330		209,530,209
Total	$	20,247,955	$	327,520,762	$	347,768,717

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



	Allowance For Loan Losses
March 31, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,354,435	$	1,354,435
Consumer	248,189		893,608		1,141,797
Commercial Business	—		496,803		496,803
Commercial Real Estate	125,300		4,800,582		4,925,882
Total	$	373,489	$	7,545,428	$	7,918,917



	Allowance For Loan Losses
December 31, 2014	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,392,065	$	1,392,065
Consumer	2,600		884,116		886,716
Commercial Business	—		159,353		159,353
Commercial Real Estate	472,400		5,446,962		5,919,362
Total	$	475,000	$	7,882,496	$	8,357,496