Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2016

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

The following table shows non-accrual loans by loan category at March 31, 2016 compared to December 31, 2015:



	At March 31, 2016			At December 31, 2015			$			%
	Amount		Percent ⁽¹⁾	Amount		Percent ⁽¹⁾	Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	3,074,983	0.91%	$	3,306,675	0.98%	$	(231,692	)	(7.0)%
Commercial Business	153,401		0.05	178,076		0.05	(24,675		)	(13.9)
Commercial Real Estate	3,921,155		1.16	2,973,135		0.88	948,020			31.9
Consumer	534,872		0.16	575,866		0.17	(40,994		)	(7.1)
Total Non-accrual Loans	$	7,684,411	2.28%	$	7,033,752	2.08%	$	650,659		9.3%

^{(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 March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015.



	At March 31, 2016						At December 31, 2015
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Related Allowance Recorded:
Residential Real Estate	$	2,690,748	$	2,787,248	$	—	$	2,922,105	$	3,033,735	$	—
Consumer	291,087		334,817		—		120,889		129,188		—
Commercial Business	153,401		353,401		—		162,201		362,201		—
Commercial Real Estate	6,460,078		8,515,619		—		8,620,301		10,969,642		—
With An Allowance Recorded:
Residential Real Estate	—		—		—		—		—		—
Consumer	62,689		62,689		2,300		251,493		256,923		32,300
Commercial Business	—		—		—		—		—		—
Commercial Real Estate	772,772		779,572		154,300		570,339		577,139		49,300
Total
Residential Real Estate	2,690,748		2,787,248		—		2,922,105		3,033,735		—
Consumer	353,776		397,506		2,300		372,382		386,111		32,300
Commercial Business	153,401		353,401		—		162,201		362,201		—
Commercial Real Estate	7,232,850		9,295,191		154,300		9,190,640		11,546,781		49,300
Total	$	10,430,775	$	12,833,346	$	156,600	$	12,647,328	$	15,328,828	$	81,600



	For the Three Months Ended March 31,
	2016				2015
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,813,696	$	447	$	2,924,360	$	828
Consumer	299,998		—		152,271		272
Commercial Business	158,601		—		235,173		—
Commercial Real Estate	8,432,619		91,860		13,217,496		75,944
With An Allowance Recorded:
Residential Real Estate	—		—		—		—
Consumer	63,061		1,555		312,418		1,200
Commercial Business	—		—		—		—
Commercial Real Estate	775,514		1,424		1,140,637		17,128
Total
Residential Real Estate	2,813,696		447		2,924,360		828
Consumer	363,059		1,555		464,689		1,472
Commercial Business	158,601		—		235,173		—
Commercial Real Estate	9,208,133		93,284		14,358,133		93,072
Total	$	12,543,489	$	95,286	$	17,982,355	$	95,372

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 March 31, 2016					For the Three Months Ended March 31, 2015
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, 2016
	Residential Real Estate		Consumer			Commercial Business		Commercial Real Estate			Total
Beginning Balance	$	1,323,183	$	1,063,153		$	773,948	$	5,114,849		$	8,275,133
Provision	76,520		48,967			29,198		(154,685		)	—
Charge-Offs	—		(94,429		)	—		(71,200		)	(165,629		)
Recoveries	—		24,839			—		138,961			163,800
Ending Balance	$	1,399,703	$	1,042,530		$	803,146	$	5,027,925		$	8,273,304



	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

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

Loans receivable, net, consisted of the following at the dates shown below:



	March 31, 2016		December 31, 2015
Residential Real Estate Loans	$	76,642,289	$	76,373,071
Consumer Loans	50,524,091		50,380,289
Commercial Business Loans	12,764,075		12,514,133
Commercial Real Estate Loans	201,166,921		200,083,125
Total Loans Held For Investment	341,097,376		339,350,618
Loans Held For Sale	1,171,189		2,462,559
Total Loans Receivable, Gross	342,268,565		341,813,177
Less:
Allowance For Loan Losses	8,273,304		8,275,133
Loans In Process	2,015,710		2,902,849
Deferred Loan Fees	99,002		62,466
	10,388,016		11,240,448
Total Loans Receivable, Net	$	331,880,549	$	330,572,729

Schedule of Allowance for Loan Losses

Changes in the allowance for loan losses for the three months ended March 31, 2016 and 2015 are summarized as follows:



	Three Months Ended March 31,
	2016			2015
Balance at Beginning of Period	$	8,275,133		$	8,357,496
Provision for Loan Losses	—			100,000
Charge Offs	(165,629		)	(619,014		)
Recoveries	163,800			80,435
Total Allowance for Loan Losses	$	8,273,304		$	7,918,917

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.



	Credit Quality Measures
March 31, 2016	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	68,644,501	$	726,630	$	705,465	$	6,565,693	$	76,642,289
Consumer	46,694,470		2,340,199		80,733		1,408,689		50,524,091
Commercial Business	11,269,150		1,018,999		96,610		379,316		12,764,075
Commercial Real Estate	134,046,088		40,633,981		16,810,815		9,676,037		201,166,921
Total	$	260,654,209	$	44,719,809	$	17,693,623	$	18,029,735	$	341,097,376



	Credit Quality Measures
December 31, 2015	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	67,605,311	$	1,264,415	$	607,336	$	6,896,009	$	76,373,071
Consumer	46,344,056		2,510,519		81,617		1,444,097		50,380,289
Commercial Business	10,519,123		1,465,136		102,046		427,828		12,514,133
Commercial Real Estate	129,242,390		43,863,659		17,304,431		9,672,645		200,083,125
Total	$	253,710,880	$	49,103,729	$	18,095,430	$	18,440,579	$	339,350,618

Past Due Financing Receivables [Table Text Block]

The following table presents an age analysis of past due balances by loan category at March 31, 2016:



	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	$	421,074	$	—	$	3,074,983	$	3,496,057	$	73,146,232	$	76,642,289
Consumer	810,449		—		534,872		1,345,321		49,178,770		50,524,091
Commercial Business	401,173		—		153,401		554,574		12,209,501		12,764,075
Commercial Real Estate	3,819,182		666,448		3,921,155		8,406,785		192,760,136		201,166,921
Total	$	5,451,878	$	666,448	$	7,684,411	$	13,802,737	$	327,294,639	$	341,097,376

The following table presents an age analysis of past due balances by loan category at December 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	$	—	$	1,144,381	$	3,306,675	$	4,451,056	$	71,922,015	$	76,373,071
Consumer	710,881		282,314		575,866		1,569,061		48,811,228		50,380,289
Commercial Business	101,201		—		178,076		279,277		12,234,856		12,514,133
Commercial Real Estate	3,309,287		929,819		2,973,135		7,212,241		192,870,884		200,083,125
Total	$	4,121,369	$	2,356,514	$	7,033,752	$	13,511,635	$	325,838,983	$	339,350,618

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, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,690,748	$	73,951,541	$	76,642,289
Consumer	353,775		50,170,316		50,524,091
Commercial Business	153,401		12,610,674		12,764,075
Commercial Real Estate	7,232,851		193,934,070		201,166,921
Total	$	10,430,775	$	330,666,601	$	341,097,376



	Loans Receivable
December 31, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,922,105	$	73,450,966	$	76,373,071
Consumer	372,382		50,007,907		50,380,289
Commercial Business	162,201		12,351,932		12,514,133
Commercial Real Estate	9,190,640		190,892,485		200,083,125
Total	$	12,647,328	$	326,703,290	$	339,350,618

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, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,399,703	$	1,399,703
Consumer	2,300		1,040,230		1,042,530
Commercial Business	—		803,146		803,146
Commercial Real Estate	154,300		4,873,625		5,027,925
Total	$	156,600	$	8,116,704	$	8,273,304



	Allowance For Loan Losses
December 31, 2015	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,323,183	$	1,323,183
Consumer	32,300		1,030,853		1,063,153
Commercial Business	—		773,948		773,948
Commercial Real Estate	49,300		5,065,549		5,114,849
Total	$	81,600	$	8,193,533	$	8,275,133