Condensed Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information (Parent Company Only)

Note 21:        Condensed Financial Information (Parent Company Only)

Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company:

Condensed Balance Sheets

	December 31,
	2014		2013
Assets
Cash and due from banks	$	3,847,179	$	3,479,895
Investment in common stock of subsidiary		41,012,112		37,426,345
Loan receivable from subsidiary		254,385		291,037
Other assets		96,993		130,137
Total assets	$	45,210,669	$	41,327,414
Liabilities
Other liabilities	$	194,571	$	188,618
Stockholders’ Equity		45,016,098		41,138,796
Total liabilities and stockholders’ equity	$	45,210,669	$	41,327,414

Condensed Statements of Income and Comprehensive Income (Loss)

	Year Ending December 31,
	2014			2013
Income
Dividends from subsidiary	$	2,000,000		$	1,500,000
Other income		12,245			14,177
Total income		2,012,245			1,514,177
Expenses
Other expenses		707,692			465,624
Income Before Income Tax and Equity in Undistributed Income of Subsidiary		1,304,553			1,048,553
Income Tax Benefit		(271,357	)		(182,847	)
Income Before Equity in Undistributed Income of Subsidiary		1,575,910			1,231,400
Equity in Undistributed Income of Subsidiary		1,396,844			1,982,245
Net Income	$	2,972,754		$	3,213,645
Comprehensive Income (Loss)	$	5,071,201		$	(1,069,912	)

Condensed Statements of Cash Flows

	Year Ending December 31,
	2014			2013
Operating Activities
Net income	$	2,972,754		$	3,213,645
Items not providing cash, net		(1,396,844	)		(1,982,245	)
Stock-based compensation expense		90,163			90,162
Change in other assets and liabilities, net		29,599			112,013
Net cash provided by operating activities		1,695,672			1,433,575
Investing Activity
Loan payment from subsidiary		36,652			35,527
Net cash provided by investing activities		36,652			35,527
Financing Activities
Dividends paid		(570,843	)		(565,526	)
Stock repurchase		(1,028,688	)		(1,596,959	)
Exercise of stock options		234,491			90,254
Net cash used in financing activities		(1,365,040	)		(2,072,231	)
Net Change in Cash and Cash Equivalents		367,284			(603,129	)
Cash and Cash Equivalents at Beginning of Year		3,479,895			4,083,024
Cash and Cash Equivalents at End of Year	$	3,847,179		$	3,479,895