Loans Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2015

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

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



	At September 30, 2015				At December 31, 2014				Increase (Decrease)
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Amount			%
Non-accrual Loans:
Residential Real Estate	$	3,376,784	1.04	%	$	3,061,339	0.90	%	$	315,445		10.3	%
Commercial Business	165,401		0.05		246,977		0.10		(81,576		)	(33.0	)
Commercial Real Estate	3,619,661		1.11		9,859,689		2.80		(6,240,028		)	(63.3	)
Consumer	410,509		0.13		573,644		0.20		(163,135		)	(28.4	)
Total Non-accrual Loans	$	7,572,355	2.33	%	$	13,741,649	4.00	%	$	(6,169,294	)	(44.9	)%

^{(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 September 30, 2015 and December 31, 2014 and for the three and nine months ended September 30, 2015 and 2014.



			At				At
	September 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	$	3,043,675	$	3,182,805	$	—	$	2,519,814	$	2,618,003	$	—
Consumer	96,530		105,030		—		152,029		159,529		—
Commercial Business	165,401		365,401		—		236,030		436,030		—
Commercial Real Estate	10,027,121		12,809,652		—		13,721,964		18,088,149		—
With An Allowance Recorded:
Residential Real Estate	—		—		—		—		—		—
Consumer	99,805		99,805		10,600		66,203		66,203		2,600
Commercial Business	—		—		—		—		—		—
Commercial Real Estate	451,456		458,256		29,300		3,551,915		3,582,465		472,400
Total
Residential Real Estate	3,043,675		3,182,805		—		2,519,814		2,618,003		—
Consumer	196,335		204,835		10,600		218,232		225,732		2,600
Commercial Business	165,401		365,401		—		236,030		436,030		—
Commercial Real Estate	10,478,577		13,267,908		29,300		17,273,879		21,670,614		472,400
Total	$	13,883,988	$	17,020,949	$	39,900	$	20,247,955	$	24,950,379	$	475,000

8. Loans Receivable, Net, Continued



	For the Three Months Ended September 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	$	3,084,808	$	—	$	2,618,971	$	—
Consumer	97,894		—		161,882		—
Commercial Business	170,601		—		16,089		—
Commercial Real Estate	10,168,004		71,766		16,726,235		98,542
With An Allowance Recorded:
Residential Real Estate	—		—		—		—
Consumer	100,743		1,201		67,239		2,082
Commercial Business	—		—		458,059		—
Commercial Real Estate	452,393		2,303		1,159,433		22,781
Total
Residential Real Estate	3,084,808		—		2,618,971		—
Consumer	198,637		1,201		229,121		2,082
Commercial Business	170,601		—		474,148		—
Commercial Real Estate	10,620,397		74,069		17,885,668		121,323
Total	$	14,074,443	$	75,270	$	21,207,908	$	123,405



	For the Nine Months Ended September 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	$	3,132,323	$	8,477	$	2,676,070	$	—
Consumer	100,937		247		171,364		—
Commercial Business	198,430		—		16,089		—
Commercial Real Estate	10,510,256		246,219		18,142,478		266,000
With An Allowance Recorded:
Residential Real Estate	—		—		—		—
Consumer	101,435		3,615		67,872		4,168
Commercial Business	—		—		461,206		—
Commercial Real Estate	456,982		15,919		1,173,816		51,156
Total
Residential Real Estate	3,132,323		8,477		2,676,070		—
Consumer	202,372		3,862		239,236		4,168
Commercial Business	198,430		—		477,295		—
Commercial Real Estate	10,967,238		262,138		19,316,294		317,156
Total	$	14,500,363	$	274,477	$	22,708,895	$	321,324

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 September 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	1	36,460		36,460		—	—		—
Commercial Business	—	—		—		—	—		—
Commercial Real Estate	2	32,411		32,411		—	—		—
Total	3	$	68,871	$	68,871	—	$	—	$	—

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 September 30, 2015
	Residential Real Estate			Consumer			Commercial Business		Commercial Real Estate			Total
Beginning Balance	$	1,310,078		$	1,007,984		$	747,067	$	4,730,453		$	7,795,582
Provision	142,917			199,719			4,565		(547,201		)	(200,000		)
Charge-Offs	(59,996		)	(77,720		)	—		(303,682		)	(441,398		)
Recoveries	782			26,783			564		752,710			780,839
Ending Balance	$	1,393,781		$	1,156,766		$	752,196	$	4,632,280		$	7,935,023



	For the Nine Months Ended September 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	106,079			656,424			595,906			(1,458,409		)	(100,000		)
Charge-Offs	(105,912		)	(471,345		)	(10,947		)	(750,154		)	(1,338,358		)
Recoveries	1,549			84,971			7,884			921,481			1,015,885
Ending Balance	$	1,393,781		$	1,156,766		$	752,196		$	4,632,280		$	7,935,023

8. Loans Receivable, Net, Continued



	For the Three Months Ended September 30, 2014
	Residential Real Estate			Consumer			Commercial Business			Commercial Real Estate			Total
Beginning Balance	$	1,507,281		$	833,746		$	496,578		$	6,274,552		$	9,112,157
Provision	26,596			73,403			36,529			(136,528		)	—
Charge-Offs	(71,701		)	(75,262		)	(3,703		)	(440,276		)	(590,942		)
Recoveries	121			8,440			1,950			115,248			125,759
Ending Balance	$	1,462,297		$	840,327		$	531,354		$	5,812,996		$	8,646,974



	For the Nine Months Ended September 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	(60,716		)	230,236			104,527			(74,047		)	200,000
Charge-Offs	(319,364		)	(283,302		)	(20,835		)	(1,761,493		)	(2,384,994		)
Recoveries	135,734			45,616			21,004			387,644			589,998
Ending Balance	$	1,462,297		$	840,327		$	531,354		$	5,812,996		$	8,646,974

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

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



	September 30, 2015		December 31, 2014
Residential Real Estate Loans	$	77,915,013	$	77,282,817
Consumer Loans	50,800,750		50,391,224
Commercial Business Loans	8,974,570		10,564,467
Commercial Real Estate Loans	192,672,048		209,530,209
Total Loans Held For Investment	330,362,381		347,768,717
Loans Held For Sale	1,518,631		1,864,999
Total Loans Receivable, Gross	331,881,012		349,633,716
Less:
Allowance For Loan Losses	7,935,023		8,357,496
Loans In Process	4,153,996		1,379,114
Deferred Loan Fees	37,259		22,611
	12,126,278		9,759,221
Total Loans Receivable, Net	$	319,754,734	$	339,874,495

Schedule of Allowance for Loan Losses

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Balance At Beginning Of Period	$	7,795,582		$	9,112,157		$	8,357,496		$	10,241,970
Provision For Loan Losses	(200,000		)	—			(100,000		)	200,000
Charge Offs	(441,398		)	(590,942		)	(1,338,358		)	(2,384,994		)
Recoveries	780,839			125,759			1,015,885			589,998
Total Allowance For Loan Losses	$	7,935,023		$	8,646,974		$	7,935,023		$	8,646,974

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
September 30, 2015	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	69,246,501	$	1,140,421	$	514,567	$	7,013,524	$	77,915,013
Consumer	47,428,417		1,868,970		124,082		1,379,281		50,800,750
Commercial Business	7,717,250		689,421		119,000		448,899		8,974,570
Commercial Real Estate	119,340,093		44,502,378		18,993,244		9,836,333		192,672,048
Total	$	243,732,261	$	48,201,190	$	19,750,893	$	18,678,037	$	330,362,381



	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 September 30, 2015 and December 31, 2014:



September 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	$	—	$	1,156,451	$	3,376,784	$	4,533,235	$	73,381,778	$	77,915,013
Consumer	745,482		91,814		410,509		1,247,805		49,552,945		50,800,750
Commercial Business	320,363		—		165,401		485,764		8,488,806		8,974,570
Commercial Real Estate	3,036,311		989,012		3,619,661		7,644,984		185,027,064		192,672,048
Total	$	4,102,156	$	2,237,277	$	7,572,355	$	13,911,788	$	316,450,593	$	330,362,381



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
September 30, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,393,781	$	1,393,781
Consumer	10,600		1,146,166		1,156,766
Commercial Business	—		752,196		752,196
Commercial Real Estate	29,300		4,602,980		4,632,280
Total	$	39,900	$	7,895,123	$	7,935,023



	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
September 30, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	3,043,675	$	74,871,338	$	77,915,013
Consumer	196,335		50,604,415		50,800,750
Commercial Business	165,401		8,809,169		8,974,570
Commercial Real Estate	10,478,577		182,193,471		192,672,048
Total	$	13,883,988	$	316,478,393	$	330,362,381



	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