Unsecured Lines of Credit (Tables)

6 Months Ended

Jun. 30, 2016

Lines Of Credit [Abstract]

Summary of Unsecured Lines of Credit [Table Text Block]

The following represents the unsecured lines of credit (“LOC”) on June 30, 2016 and December 31, 2015:

Unsecured Lines of Credit	Outstanding on June 30, 2016		Total Commitment		Maturity	Variable / Fixed	Reset Frequency	Period End Rate
Bankers Trust	$	23,997,000	$	40,000,000	May-17	Variable	Monthly		3.47	%
Bankers Trust operating		-		7,500,000	October-16	Variable	Monthly		3.72	%
Total unsecured lines of credit	$	23,997,000	$	47,500,000

Unsecured Lines of Credit	Outstanding on December31, 2015		Total Commitment		Maturity	Variable / Fixed	Reset Frequency	Period End Rate
Bankers Trust	$	12,497,000	$	37,500,000	May-17	Variable	Monthly		2.90	%
Bankers Trust operating		-		5,000,000	March-16	Variable	Monthly		3.50	%
Five Points Bank operating		5,000,000		5,000,000	March-16	Variable	Monthly		3.40	%
Total unsecured lines of credit	$	17,497,000	$	47,500,000