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Fair Value of Financial Instruments (Details Textual) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Fair Value of Financial Instruments (Textual)      
Investment securities available for sale $ 10,687,851 $ 15,615,526  
Net of specific reserves of impaired loans carried at fair value $ 2,000,000 1,900,000  
Proceeds from sale of loans held for sale 1,033,000  
Success fee   41,000  
Net gain on sale of loans   118,000  
Other real estate owned and repossessed assets $ 1,910,220 $ 2,557,457 $ 2,508,170