Loans Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2016

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

The following table shows non-accrual loans by category at June 30, 2016 compared to December 31, 2015:



	June 30, 2016				December 31, 2015				$			%
	Amount		Percent ⁽¹⁾		Amount		Percent ⁽¹⁾		Increase (Decrease)			Increase (Decrease)
Non-accrual Loans:
Residential Real Estate	$	3,057,525	0.90	%	$	3,306,675	0.98	%	$	(249,150	)	(7.5	)%
Consumer	319,099		0.09		575,866		0.17		(256,767		)	(44.6	)
Commercial Business	147,002		0.04		178,076		0.05		(31,074		)	(17.4	)
Commercial Real Estate	2,764,842		0.81		2,973,135		0.80		(208,293		)	(7.0	)
Total Non-accrual Loans	$	6,288,468	1.84	%	$	7,033,752	2.09	%	$	(745,284	)	(10.6	)%

^{(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 present information related to impaired loans by loan category at June 30, 2016 and December 31, 2015 and for the three and six months ended June 30, 2016 and 2015.



	June 30, 2016						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	$	2,638,041	$	2,734,541	$	—	$	2,922,105	$	3,033,735	$	—
Consumer	129,612		137,911		—		120,889		129,188		—
Commercial Business	147,001		997,001		—		162,201		362,201		—
Commercial Real Estate	6,201,852		8,162,393		—		8,620,301		10,969,642		—
With An Allowance Recorded:
Residential Real Estate	—		—		—		—		—		—
Consumer	61,956		61,956		4,900		251,493		256,923		32,300
Commercial Business	—		—		—		—		—		—
Commercial Real Estate	426,528		439,542		29,300		570,339		577,139		49,300
Total
Residential Real Estate	2,638,041		2,734,541		—		2,922,105		3,033,735		—
Consumer	191,568		199,867		4,900		372,382		386,111		32,300
Commercial Business	147,001		997,001		—		162,201		362,201		—
Commercial Real Estate	6,628,380		8,601,935		29,300		9,190,640		11,546,781		49,300
Total	$	9,604,990	$	12,533,344	$	34,200	$	12,647,328	$	15,328,828	$	81,600

8. Loans Receivable, Net, Continued



	Three Months Ended June 30,
	2016				2015
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,662,040	$	—	$	2,694,645	$	486
Consumer	289,655		—		181,718		—
Commercial Business	149,801		—		192,401		—
Commercial Real Estate	6,675,462		31,353		10,485,665		76,051
With An Allowance Recorded:
Residential Real Estate	—		—		273,476		—
Consumer	62,323		1,144		68,192		1,344
Commercial Business	—		—		—		—
Commercial Real Estate	434,101		—		1,269,379		15,807
Total
Residential Real Estate	2,662,040		—		2,968,121		486
Consumer	351,978		1,144		249,910		1,344
Commercial Business	149,801		—		192,401		—
Commercial Real Estate	7,109,563		31,353		11,755,044		91,858
Total	$	10,273,382	$	32,497	$	15,165,476	$	93,688



	Six Months Ended June 30,
	2016				2015
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Residential Real Estate	$	2,790,857	$	447	$	2,717,895	$	4,397
Consumer	296,075		—		182,812		104
Commercial Business	154,316		—		211,100		—
Commercial Real Estate	8,632,348		93,284		10,926,601		153,665
With An Allowance Recorded:
Residential Real Estate	—		—		275,966		—
Consumer	62,693		1,555		69,076		2,712
Commercial Business	—		—		—		—
Commercial Real Estate	437,943		—		1,275,070		35,110
Total
Residential Real Estate	2,790,857		447		2,993,861		4,397
Consumer	358,768		1,555		251,888		2,816
Commercial Business	154,316		—		211,100		—
Commercial Real Estate	9,070,291		93,284		12,201,671		188,775
Total	$	12,374,232	$	95,286	$	15,658,520	$	195,988

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:



	Six Months Ended June 30,
	2016					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
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 category for the three and six months ended June 30, 2016 and 2015:



	Three Months Ended June 30, 2016
	Residential Real Estate		Consumer			Commercial Business		Commercial Real Estate			Total
Beginning Balance	$	1,399,703	$	1,042,530		$	803,146	$	5,027,925		$	8,273,304
Provision for Loan Losses	52,888		104,830			62,721		(220,439		)	—
Charge-Offs	—		(59,452		)	—		(131,418		)	(190,870		)
Recoveries	10,045		28,068			—		274,667			312,780
Ending Balance	$	1,462,636	$	1,115,976		$	865,867	$	4,950,735		$	8,395,214



	Six Months Ended June 30, 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 for Loan Losses	129,408		153,797			91,919		(375,124		)	—
Charge-Offs	—		(153,881		)	—		(202,618		)	(356,499		)
Recoveries	10,045		52,907			—		413,628			476,580
Ending Balance	$	1,462,636	$	1,115,976		$	865,867	$	4,950,735		$	8,395,214



	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 for Loan Losses	(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



	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 for Loan Losses	(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

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

Loans receivable, net, consisted of the following as of the dates indicated below:



	June 30, 2016		December 31, 2015
Residential Real Estate Loans	$	77,229,040	$	76,373,071
Consumer Loans	50,076,365		50,380,289
Commercial Business Loans	14,233,684		12,514,133
Commercial Real Estate Loans	204,757,630		200,083,125
Total Loans Held For Investment	346,296,719		339,350,618
Loans Held For Sale	1,682,094		2,462,559
Total Loans Receivable, Gross	347,978,813		341,813,177
Less:
Allowance For Loan Losses	8,395,214		8,275,133
Loans In Process	4,438,089		2,902,849
Deferred Loan Fees	109,285		62,466
	12,942,588		11,240,448
Total Loans Receivable, Net	$	335,036,225	$	330,572,729

Schedule of Allowance for Loan Losses

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
June 30, 2016	Pass		Caution		Special Mention		Substandard		Total Loans
Residential Real Estate	$	69,300,706	$	711,846	$	699,591	$	6,516,897	$	77,229,040
Consumer	46,068,672		2,552,834		88,022		1,366,837		50,076,365
Commercial Business	12,059,122		1,730,675		59,175		384,712		14,233,684
Commercial Real Estate	126,085,696		56,069,386		15,175,709		7,426,839		204,757,630
Total	$	253,514,196	$	61,064,741	$	16,022,497	$	15,695,285	$	346,296,719



	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 tables present an age analysis of past due balances by category at June 30, 2016 and December 31, 2015:



June 30, 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	$	—	$	491,302	$	3,057,525	$	3,548,827	$	73,680,213	$	77,229,040
Consumer	686,826		100,051		319,099		1,105,976		48,970,389		50,076,365
Commercial Business	511,435		—		147,002		658,437		13,575,247		14,233,684
Commercial Real Estate	3,175,585		562,456		2,764,842		6,502,883		198,254,747		204,757,630
Total	$	4,373,846	$	1,153,809	$	6,288,468	$	11,816,123	$	334,480,596	$	346,296,719



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]



	Loans Receivable
June 30, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	2,638,041	$	74,590,999	$	77,229,040
Consumer	191,568		49,884,797		50,076,365
Commercial Business	147,001		14,086,683		14,233,684
Commercial Real Estate	6,628,380		198,129,250		204,757,630
Total	$	9,604,990	$	336,691,729	$	346,296,719



	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 at the dates indicated:



	Allowance For Loan Losses
June 30, 2016	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Residential Real Estate	$	—	$	1,462,636	$	1,462,636
Consumer	4,900		1,111,076		1,115,976
Commercial Business	—		865,867		865,867
Commercial Real Estate	29,300		4,921,435		4,950,735
Total	$	34,200	$	8,361,014	$	8,395,214



	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