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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (494,775) $ (343,067)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
(Credit) provision for loan losses (68,000) 162,000
Net (loss) gain on sale of other real estate 16,848 (11,321)
Gain on sale of loans (410,040) (228,239)
Gain on sale of investment securities 0 (6,216)
Amortization of premiums on investments 16,996 23,107
Depreciation on fixed assets 177,987 175,465
(Write-up) write-down of other real estate owned (39,294) 13,250
Loans originated for sale (4,721,164) (6,257,496)
Proceeds from sale of loans held-for-sale 6,433,243 2,124,192
Net change in fair value of financial instruments (232,797) (353,035)
(Increase) decrease in accrued interest receivable and other assets (178,507) 123,201
Increase (decrease) in accrued interest payable and other liabilities 20,759 (110,013)
Net cash provided by (used in) operating activities 521,256 (4,688,172)
Cash flows from investing activities:    
Purchase of available-for-sale investment securities (1,200,118) (48)
Proceeds from maturity and principal reductions of available-for-sale investment securities 2,144,881 421,149
Proceeds from sale of available-for sale investment securities 0 915,918
Proceeds from sale of other real estate owned 254,603 107,115
Net decrease in loans 6,946,054 914,146
Purchase of bank premises and equipment (121,251) (75,772)
Net cash provided by investing activities 8,024,169 2,282,508
Cash flows from financing activities:    
Net decrease in deposits (999,909) (147,532)
Net cash used in financing activities (999,909) (147,532)
Net increase (decrease) in cash and cash equivalents 7,545,516 (2,553,196)
Cash and cash equivalents at beginning of year 3,236,582 5,789,778
Cash and cash equivalents at end of year 10,782,098 3,236,582
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 71,176 69,385
Noncash transfer of loans to other real estate owned $ 148,241 $ 239,500