Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Summary of components of income tax expense

	Year Ended December 31,
	2015			2014
Current income tax expense (benefit)	$	5,080		$	—
Deferred income tax expense (benefit)		(2,404,737	)		(2,338,716	)
		(2,404,737	)		(2,338,716	)
Change in valuation allowance		2,404,737			2,338,716
Income tax expense	$	5,080		$	—

Summary of the items that caused recorded income taxes computed earlier

	Year Ended December 31,
	2015			2014
Income tax benefit at federal statutory rate	$	(1,629,769	)	$	(2,210,087	)
Change in valuation allowance		(2,404,737	)		2,338,716
IRC Section 382 limitation to net operating loss carry-forward		4,020,027			—
Other		19,559			(128,629	)
Income tax expense	$	5,080		$	—

Summary of components of the net deferred tax liability

	December 31,
	2015			2014
Deferred tax assets (liabilities):
Allowance for loan losses	$	140,131		$	89,131
Lost interest on nonaccrual loans		44,348			7,598
Real estate acquired in settlement of loans		250,453			248,148
Net operating loss carry-forward		1,987,292			5,213,659
Deferred operational and start-up costs		56,513			69,554
Other-than-temporary impairment on non-marketable equity securities		—			52,497
Unrealized loss (gain) on investment securities available for sale		(58,648	)		(595	)
Internally developed software		3,771,558			3,081,561
Other		185,313			78,197
		6,376,960			8,839,750
Valuation allowance		(6,376,960	)		(8,839,750	)
Net deferred tax asset	$	—		$	—