Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-Term Borrowings Excluding Federal Home Loan Bank ("FHLB") Advances
	Balance at year end		Weighted average interest rate at year end		Maximum amount outstanding at any month-end		Average Daily balance outstanding during year		Average annual interest rate paid
December 31, 2013
Overnight borrowings from the Federal Reserve Bank	$	—	—	%	$	—	$	—	—
Securities sold under agreement to repurchase	28,260,325		0.25	%	39,891,850		34,870,805		0.25	%
Federal funds purchased	—		—	%	2,866,667		267,567		0.65	%
Total short-term borrowings excluding FHLB advances	$	28,260,325
December 31, 2012
Overnight borrowings from the Federal Reserve Bank	$	—	—	%	$	—	$	6,225	—	%
Securities sold under agreement to repurchase	39,191,902		0.84	%	39,191,903		36,449,509		0.79	%
Federal funds purchased	—		—	%	—		13,790		0.61	%
Total short-term borrowings excluding FHLB advances	$	39,191,902

The principal balance of short term advances from the FHLB consist of the following at December 31, 2013. There were no short term advances from the FHLB at December 31, 2012.

Maturity	Interest Rate		2013		2012
7/21/2014	2.31	%	$	10,000,000	$	—
7/21/2014	2.62	%	5,000,000		—
			$	15,000,000	$	—

Long-term Debt Maturities

The following table presents long-term advances from the FHLB at December 31, 2013 and 2012:

Maturity	Interest Rate		2013		2012
7/21/2014	2.31	%	$	—	$	10,000,000
7/21/2014	2.62	%	—		5,000,000
1/11/2015	2.99	%	5,000,000		5,000,000
4/27/2015	2.97	%	5,000,000		5,000,000
10/29/2018	0.25	%	685,104		702,678
12/19/2023	2.00	%	225,967		243,809
			$	10,911,071	$	25,946,487