Restricted Equity Securities

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Restricted Equity Securities

(4) Restricted Equity Securities

Restricted equity securities consists of stock of the Federal Home Loan Bank amounting to $3,012,000 at December 31, 2013 and 2012. The stock can be sold back only at par or a value as determined by the issuing institution and only to the respective financial institution or to another member institution. These securities are recorded at cost.