Loans Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2015

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

The following table shows non-accrual loans by category at June 30, 2015 compared to December 31, 2014:



	At June 30, 2015				At December 31, 2014				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	3,307,665	1.03	%	$	3,061,339	0.90	%	$	246,326		8.0	%
Commercial Business	175,802		0.05		246,977		0.10		(71,175		)	(28.8	)
Commercial Real Estate	4,091,092		1.27		9,859,689		2.80		(5,768,597		)	(58.5	)
Consumer	351,441		0.11		573,644		0.20		(222,203		)	(38.7	)
Total Non-accrual Loans	$	7,926,000	2.46	%	$	13,741,649	4.00	%	$	(5,815,649	)	(42.3	)%

^{(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 at June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014.



			At				At
	June 30, 2015						December 31, 2014
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	2,673,511	$	2,758,641	$	—	$	2,519,814	$	2,618,003	$	—
Consumer	180,315		180,315		—		152,029		159,529		—
Commercial Business	175,801		375,801		—		236,030		436,030		—
Commercial Real Estate	10,386,266		13,955,279		—		13,721,964		18,088,149		—
With An Allowance Recorded:
Residential Real Estate	270,971		270,971		35,500		—		—		—
Consumer	67,517		75,017		3,890		66,203		66,203		2,600
Commercial Business	—		—		—		—		—		—
Commercial Real Estate	1,262,958		1,273,688		145,760		3,551,915		3,582,465		472,400
Total
Residential Real Estate	2,944,482		3,029,612		35,500		2,519,814		2,618,003		—
Consumer	247,832		255,332		3,890		218,232		225,732		2,600
Commercial Business	175,801		375,801		—		236,030		436,030		—
Commercial Real Estate	11,649,224		15,228,967		145,760		17,273,879		21,670,614		472,400
Total	$	15,017,339	$	18,889,712	$	185,150	$	20,247,955	$	24,950,379	$	475,000

8. Loans Receivable, Net, Continued



	For the Three Months Ended June 30,
	2015				2014
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,694,645	$	486	$	4,298,141	$	14,139
Consumer	181,718		—		249,210		—
Commercial Business	192,401		—		16,089		—
Commercial Real Estate	10,485,665		76,051		21,434,443		155,690
With An Allowance Recorded:
Residential Real Estate	273,476		—		603,056		—
Consumer	68,192		1,344		67,932		839
Commercial Business	—		—		483,561		—
Commercial Real Estate	1,269,379		15,807		2,636,348		8,384
Total
Residential Real Estate	2,968,121		486		4,901,197		14,139
Consumer	249,910		1,344		317,142		839
Commercial Business	192,401		—		499,650		—
Commercial Real Estate	11,755,044		91,858		24,070,791		164,074
Total	$	15,165,476	$	93,688	$	29,788,780	$	179,052



	For the Six Months Ended June 30,
	2015				2014
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,717,895	$	4,397	$	4,351,870	$	26,355
Consumer	182,812		104		250,016		—
Commercial Business	211,100		—		16,089		—
Commercial Real Estate	10,926,601		153,665		21,817,619		268,199
With An Allowance Recorded:
Residential Real Estate	275,966		—		620,314		—
Consumer	69,076		2,712		68,212		2,086
Commercial Business	—		—		488,387		—
Commercial Real Estate	1,275,070		35,110		2,694,448		28,374
Total
Residential Real Estate	2,993,861		4,397		4,972,184		26,355
Consumer	251,888		2,816		318,228		2,086
Commercial Business	211,100		—		504,476		—
Commercial Real Estate	12,201,671		188,775		24,512,067		296,573
Total	$	15,658,520	$	195,988	$	30,306,955	$	325,014

8. Loans Receivable, Net, Continued

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 June 30,
	2015					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	—	—		—		—	—		—
Commercial Business	—	—		—		—	—		—
Commercial Real Estate	—	—		—		1	79,072		79,072
Total	—	$	—	$	—	1	$	79,072	$	79,072

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 June 30, 2015
	Residential Real Estate			Consumer			Commercial Business		Commercial Real Estate			Total
Beginning Balance	$	1,354,435		$	1,141,797		$	496,803	$	4,925,882		$	7,918,917
Provision	(44,208		)	125,774			246,264		(327,830		)	—
Charge-Offs	(916		)	(273,007		)	—		(4,023		)	(277,946		)
Recoveries	767			13,420			4,000		136,424			154,611
Ending Balance	$	1,310,078		$	1,007,984		$	747,067	$	4,730,453		$	7,795,582



	For the Six Months Ended June 30, 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	(36,838		)	456,705			591,341			(911,208		)	100,000
Charge-Offs	(45,916		)	(393,625		)	(10,947		)	(446,472		)	(896,960		)
Recoveries	767			58,188			7,320			168,771			235,046
Ending Balance	$	1,310,078		$	1,007,984		$	747,067		$	4,730,453		$	7,795,582

8. Loans Receivable, Net, Continued



	For the Three Months Ended June 30, 2014
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,668,156		$	803,868		$	369,381		$	7,004,350		$	9,845,755
Provision	(130,818		)	29,492			142,959			58,367			100,000
Charge-Offs	(165,191		)	(13,591		)	(17,132		)	(820,563		)	(1,016,477		)
Recoveries	135,134			13,977			1,370			32,398			182,879
Ending Balance	$	1,507,281		$	833,746		$	496,578		$	6,274,552		$	9,112,157



	For the Six Months Ended June 30, 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	(87,312		)	156,833			67,998			62,481			200,000
Charge-Offs	(247,663		)	(208,040		)	(17,132		)	(1,321,217		)	(1,794,052		)
Recoveries	135,613			37,176			19,054			272,396			464,239
Ending Balance	$	1,507,281		$	833,746		$	496,578		$	6,274,552		$	9,112,157

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

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



	June 30, 2015		December 31, 2014
Residential Real Estate Loans	$	76,906,886	$	77,282,817
Consumer Loans	50,509,764		50,391,224
Commercial Business Loans	8,215,675		10,564,467
Commercial Real Estate Loans	189,241,549		209,530,209
Total Loans Held For Investment	324,873,874		347,768,717
Loans Held For Sale	2,400,064		1,864,999
Total Loans Receivable, Gross	327,273,938		349,633,716
Less:
Allowance For Loan Losses	7,795,582		8,357,496
Loans In Process	2,886,469		1,379,114
Deferred Loan Fees	44,009		22,611
	10,726,060		9,759,221
Total Loans Receivable, Net	$	316,547,878	$	339,874,495

Schedule of Allowance for Loan Losses

Changes in the allowance for loan losses for the three and six months ended June 30, 2015 and 2014 are summarized as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Balance At Beginning Of Period	$	7,918,917		$	9,845,755		$	8,357,496		$	10,241,970
Provision For Loan Losses	—			100,000			100,000			200,000
Charge Offs	(277,946		)	(1,016,477		)	(896,960		)	(1,794,052		)
Recoveries	154,611			182,879			235,046			464,239
Total Allowance For Loan Losses	$	7,795,582		$	9,112,157		$	7,795,582		$	9,112,157

Financing Receivable Credit Quality Indicators [Table Text Block]

8. Loans Receivable, Net, Continued

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.



	Credit Quality Measures
June 30, 2015	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	67,804,564	$	902,510	$	1,402,316	$	6,797,496	$	76,906,886
Consumer	47,463,371		1,950,932		173,621		921,840		50,509,764
Commercial Business	7,258,869		366,829		378,642		211,335		8,215,675
Commercial Real Estate	117,804,892		41,632,382		20,189,398		9,614,877		189,241,549
Total	$	240,331,696	$	44,852,653	$	22,143,977	$	17,545,548	$	324,873,874



	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 tables present an age analysis of past due balances by category at June 30, 2015 and December 31, 2014:



June 30, 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	$	—	$	424,625	$	3,307,665	$	3,732,290	$	73,174,596	$	76,906,886
Consumer	653,743		96,033		351,441		1,101,217		49,408,547		50,509,764
Commercial Business	195,971		—		175,802		371,773		7,843,902		8,215,675
Commercial Real Estate	2,331,143		118,266		4,091,092		6,540,501		182,701,048		189,241,549
Total	$	3,180,857	$	638,924	$	7,926,000	$	11,745,781	$	313,128,093	$	324,873,874



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]

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



	Allowance For Loan Losses
June 30, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	35,500	$	1,274,578	$	1,310,078
Consumer	3,890		1,004,094		1,007,984
Commercial Business	—		747,067		747,067
Commercial Real Estate	145,760		4,584,693		4,730,453
Total	$	185,150	$	7,610,432	$	7,795,582



	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



	Loans Receivable
June 30, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,944,482	$	73,962,404	$	76,906,886
Consumer	247,832		50,261,932		50,509,764
Commercial Business	175,801		8,039,874		8,215,675
Commercial Real Estate	11,649,224		177,592,325		189,241,549
Total	$	15,017,339	$	309,856,535	$	324,873,874



	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