Other Real Estate Owned and Repossessed Assets (Tables)

12 Months Ended

Dec. 31, 2015

Other Real Estate Owned and Repossessed Assets [Abstract]

Composition of other real estate owned and repossessed assets

	December 31,
	2015		2014
Residential land lots	$	31,320	$	552,200
Single and multifamily residential real estate		—		62,257
Commercial office space		1,008,900		1,233,000
Commercial land		870,000		710,000
	$	1,910,220	$	2,557,457

Summary of changes in other real estate owned and repossessed assets

	2015			2014
Balance at beginning of year	$	2,557,457		$	2,508,170
Repossessed property acquired in settlement of loans		300,000			1,143,000
Proceeds from sales of repossessed property		(582,295	)		(505,263	)
Loss on sale and write-downs of repossessed property, net		(364,942	)		(588,450	)
Balance at end of year	$	1,910,220		$	2,557,457