Securities (Tables)

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities

	Amortized Cost		Gross  Unrealized  Gains		Gross Unrealized  Losses			Fair Value
Available-for-sale Securities
December 31, 2014:
U.S. Government and federal agencies	$	10,031,683	$	65,328	$	(138,738	)	$	9,958,273
Mortgage-backed securities (Government-sponsored enterprises - residential)		41,196,695		433,757		(210,531	)		41,419,921
Municipal bonds		44,378,515		1,457,977		(529,789	)		45,306,703
	$	95,606,893	$	1,957,062	$	(879,058	)	$	96,684,897
December 31, 2013:
U.S. Government and federal agencies	$	10,710,675	$	114,936	$	(405,535	)	$	10,420,076
Mortgage-backed securities (Government-sponsored enterprises - residential)		49,486,337		219,222		(1,359,904	)		48,345,655
Municipal bonds		50,889,046		1,053,134		(1,723,314	)		50,218,866
	$	111,086,058	$	1,387,292	$	(3,488,753	)	$	108,984,597

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	Available-for-sale
	Amortized Cost		Fair Value
Within one year	$	535,664	$	544,411
One to five years		9,184,010		9,490,518
Five to ten years		25,748,781		26,064,641
After ten years		18,941,743		19,165,406
		54,410,198		55,264,976
Mortgage-backed securities		41,196,695		41,419,921
Totals	$	95,606,893	$	96,684,897

Schedule of gross unrealized losses and fair value in a continuous unrealized loss position

	December 31, 2014
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available-for-sale Securities
U.S. Government agencies	$	2,955,829	$	(28,208	)	$	3,949,940	$	(110,530	)	$	6,905,769	$	(138,738	)
Mortgage-backed securities (Government-sponsored enterprises - residential)		2,061,203		(13,358	)		13,725,099		(197,173	)		15,786,302		(210,531	)
Municipal bonds		3,953,168		(44,654	)		13,942,169		(485,135	)		17,895,337		(529,789	)
Total temporarily impaired securities	$	8,970,200	$	(86,220	)	$	31,617,208	$	(792,838	)	$	40,587,408	$	(879,058	)

	December 31, 2013
	Less than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available-for-sale Securities
U.S. Government agencies	$	5,824,808	$	(367,005	)	$	470,324	$	(38,530	)	$	6,295,132	$	(405,535	)
Mortgage-backed securities (Government-sponsored enterprises - residential)		33,521,545		(1,065,542	)		6,087,526		(294,362	)		39,609,071		(1,359,904	)
Municipal bonds		22,534,325		(1,462,733	)		2,759,523		(260,581	)		25,293,848		(1,723,314	)
Total temporarily impaired securities	$	61,880,678	$	(2,895,280	)	$	9,317,373	$	(593,473	)	$	71,198,051	$	(3,488,753	)