Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of classes of loans

	2014		2013
Mortgage loans on real estate
Residential 1-4 family	$	44,561,089	$	44,286,657
Commercial		40,474,855		38,920,692
Agricultural		40,119,130		35,005,662
Home equity		11,283,264		11,729,112
Total mortgage loans on real estate		136,438,338		129,942,123
Commercial loans		26,813,880		29,946,928
Agricultural		11,844,973		10,559,593
Consumer		12,587,101		13,605,897
		187,684,292		184,054,541
Less
Net deferred loan fees		9,416		8,605
Allowance for loan losses		2,956,264		3,406,434
Net loans	$	184,718,612	$	180,639,502

Schedule of allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method

	December 31, 2014
	1-4 Family			Commercial  Real Estate			Agricultural  Real Estate		Commercial			Agricultural		Home Equity			Consumer			Unallocated			Total
Allowance for loan losses:
Balance, beginning of year	$	856,144		$	745,760		$	175,028	$	1,034,189		$	52,798	$	201,993		$	184,848		$	155,674		$	3,406,434
Provision charged to expense		241,875			392,009			20,518		(327,057	)		5,136		5,887			3,950			(102,318	)		240,000
Losses charged off		(100,319	)		(287,474	)		—		(285,411	)		—		(5,403	)		(25,781	)		—			(704,388	)
Recoveries		1,560			5,168			—		88			—		3,100			4,302			—			14,218
Balance, end of year	$	999,260		$	855,463		$	195,546	$	421,809		$	57,934	$	205,577		$	167,319		$	53,356		$	2,956,264
Ending balance: individually evaluated for impairment	$	183,196		$	348,240		$	—	$	154,089		$	—	$	9,982		$	—		$	—		$	695,507
Ending balance: collectively evaluated for impairment	$	816,064		$	507,223		$	195,546	$	267,720		$	57,934	$	195,595		$	167,319		$	53,356		$	2,260,757
Loans:
Ending balance	$	44,561,089		$	40,474,855		$	40,119,130	$	26,813,880		$	11,844,973	$	11,283,264		$	12,587,101		$	—		$	187,684,292
Ending balance: individually evaluated for impairment	$	713,962		$	1,690,251		$	1,009,889	$	240,805		$	258,140	$	37,531		$	8,469		$	—		$	3,959,047
Ending balance: collectively evaluated for impairment	$	43,847,127		$	38,784,604		$	39,109,241	$	26,573,075		$	11,586,833	$	11,245,733		$	12,578,632		$	—		$	183,725,245

	December 31, 2013
	1-4 Family			Commercial Real Estate			Agricultural Real Estate		Commercial		Agricultural		Home Equity			Consumer			Unallocated			Total
Allowance for loan losses:
Balance, beginning of year	$	741,029		$	828,873		$	149,568	$	934,251	$	43,930	$	328,996		$	151,474		$	161,343		$	3,339,464
Provision charged to expense		261,492			(218,949	)		25,460		92,597		8,868		(78,628	)		84,829			(5,669	)		170,000
Losses charged off		(162,448	)		—			—		—		—		(63,410	)		(66,467	)		—			(292,325	)
Recoveries		16,071			135,836			—		7,341		—		15,035			15,012			—			189,295
Balance, end of year	$	856,144		$	745,760		$	175,028	$	1,034,189	$	52,798	$	201,993		$	184,848		$	155,674		$	3,406,434
Ending balance: individually evaluated for impairment	$	—		$	248,857		$	—	$	622,730	$	—	$	—		$	10,836		$	—		$	882,423
Ending balance: collectively evaluated for impairment	$	856,144		$	496,903		$	175,028	$	411,459	$	52,798	$	201,993		$	174,012		$	155,674		$	2,524,011
Loans:
Ending balance	$	44,286,657		$	38,920,692		$	35,005,662	$	29,946,928	$	10,559,593	$	11,729,112		$	13,605,897		$	—		$	184,054,541
Ending balance: individually evaluated for impairment	$	563,524		$	1,531,078		$	—	$	662,730	$	—	$	71,548		$	101,089		$	—		$	2,929,969
Ending balance: collectively evaluated for impairment	$	43,723,133		$	37,389,614		$	35,005,662	$	29,284,198	$	10,559,593	$	11,657,564		$	13,504,808		$	—		$	181,124,572

Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity

	1-4 Family				Commercial Real Estate				Agricultural Real Estate				Commercial
	2014		2013		2014		2013		2014		2013		2014		2013
Pass	$	41,530,699	$	41,061,498	$	38,122,972	$	36,489,660	$	39,109,241	$	35,005,662	$	26,563,823	$	29,231,227
Special Mention		655,049		775,545		53,750		57,488		887,048		—		—		—
Substandard		2,375,341		2,449,614		2,298,133		2,373,544		122,841		—		250,057		715,701
Total	$	44,561,089	$	44,286,657	$	40,474,855	$	38,920,692	$	40,119,130	$	35,005,662	$	26,813,880	$	29,946,928

	Agricultural Business				Home Equity				Consumer
	2014		2013		2014		2013		2014		2013
Pass	$	11,586,833	$	10,559,593	$	10,833,853	$	11,215,416	$	12,386,412	$	13,302,507
Special Mention		258,140		—		162,103		155,515		80,544		68,480
Substandard		—		—		287,308		358,181		120,145		234,910
Total	$	11,844,973	$	10,559,593	$	11,283,264	$	11,729,112	$	12,587,101	$	13,605,897

Schedule of loan portfolio aging analysis

	December 31, 2014
	30-59 Days  Past Due		60-89 Days Past Due		Greater Than  90 Days		Total Past Due		Current		Total Loans  Receivable		Total Loans >  90 Days &  Accruing
1-4 Family	$	420,086	$	286,622	$	613,534	$	1,320,242	$	43,240,847	$	44,561,089	$	—
Commercial real estate		—		794,110		39,023		833,133		39,641,722		40,474,855		—
Agricultural real estate		—		—		122,841		122,841		39,996,289		40,119,130		—
Commercial		—		—		—		—		26,813,880		26,813,880		—
Agricultural business		—		—		—		—		11,844,973		11,844,973		—
Home equity		96,971		11,561		58,360		166,892		11,116,372		11,283,264		—
Consumer		90,558		5,531		16,560		112,649		12,474,452		12,587,101		—
Total	$	607,615	$	1,097,824	$	850,318	$	2,555,757	$	185,128,535	$	187,684,292	$	—

	December 31, 2013
	30-59 Days  Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans  Receivable		Total Loans >  90 Days &  Accruing
1-4 Family	$	350,539	$	95,782	$	806,877	$	1,253,198	$	43,033,459	$	44,286,657	$	—
Commercial real estate		—		68,216		78,281		146,497		38,774,195		38,920,692		—
Agricultural real estate		—		—		—		—		35,005,662		35,005,662		—
Commercial		—		—		—		—		29,946,928		29,946,928		—
Agricultural business		—		—		—		—		10,559,593		10,559,593		—
Home equity		156,331		47,585		55,288		259,204		11,469,908		11,729,112		—
Consumer		108,452		26,212		9,900		144,564		13,461,333		13,605,897		—
Total	$	615,322	$	237,795	$	950,346	$	1,803,463	$	182,251,078	$	184,054,541	$	—

Schedule of impaired loans

	December 31, 2014
	Recorded  Balance		Unpaid  Principal  Balance		Specific  Allowance		Average  Investment in Impaired  Loans		Interest  Income  Recognized		Interest  Income  Recognized  Cash Basis
Loans without a specific valuation allowance
1-4 Family	$	129,272	$	129,272	$	—	$	220,541	$	12,818	$	13,076
Commercial real estate		564,610		564,610		—		757,616		19,826		18,816
Agricultural real estate		1,009,889		1,009,889		—		1,037,661		58,253		49,159
Agricultural business		258,140		258,140		—		358,529		13,723		1,046
Home equity		27,549		27,549		—		29,505		2,881		2,939
Consumer		8,469		8,469		—		12,285		951		964
Loans with a specific valuation allowance
1-4 Family		584,690		584,690		183,196		604,031		28,722		26,783
Commercial real estate		1,125,641		1,125,641		348,240		1,134,401		66,864		60,012
Commercial		240,805		240,805		154,089		319,812		14,425		16,554
Home equity		9,982		9,982		9,982		9,993		247		187
Total:
1-4 family		713,962		713,962		183,196		824,572		41,540		39,859
Commercial real estate		1,690,251		1,690,251		348,240		1,892,017		86,690		78,828
Agricultural real estate		1,009,889		1,009,889		—		1,037,661		58,253		49,159
Commercial		240,805		240,805		154,089		319,812		14,425		16,554
Agricultural business		258,140		258,140		—		358,529		13,723		1,046
Home equity		37,531		37,531		9,982		39,498		3,128		3,126
Consumer		8,469		8,469		—		12,285		951		964
Total	$	3,959,047	$	3,959,047	$	695,507	$	4,484,374	$	218,710	$	189,536

	December 31, 2013
	Recorded  Balance		Unpaid  Principal  Balance		Specific  Allowance		Average  Investment in Impaired  Loans		Interest  Income  Recognized		Interest  Income  Recognized  Cash Basis
Loans without a specific valuation allowance
1-4 Family	$	563,524	$	563,524	$	—	$	652,373	$	27,250	$	25,347
Commercial real estate		63,293		63,293		—		96,019		5,282		5,327
Home equity		71,548		71,548		—		66,388		3,017		2,980
Consumer		4,528		4,528		—		6,419		453		442
Loans with a specific valuation allowance
Commercial real estate		1,467,785		1,467,785		248,857		1,488,243		79,719		74,028
Commercial		662,730		662,730		622,730		726,269		34,465		33,921
Consumer		96,561		96,561		10,836		99,401		1,586		1,576
Total:
1-4 family		563,524		563,524		—		652,373		27,250		25,347
Commercial real estate		1,531,078		1,531,078		248,857		1,584,262		85,001		79,355
Commercial		662,730		662,730		622,730		726,269		34,465		33,921
Home equity		71,548		71,548		—		66,388		3,017		2,980
Consumer		101,089		101,089		10,836		105,820		2,039		2,018
Total	$	2,929,969	$	2,929,969	$	882,423	$	3,135,112	$	151,772	$	143,621

Schedule of nonaccrual loans

	2014		2013
1-4 family	$	994,855	$	1,339,487
Commercial real estate		932,578		208,297
Agricultural real estate		122,841		—
Commercial		22,438		37,939
Agricultural business		—		—
Home equity		120,698		133,823
Consumer		70,643		62,617
Total	$	2,264,053	$	1,782,163

Schedule of recorded balance, at original cost, of troubled debt restructurings

	2014		2013
1-4 family	$	747,470	$	661,880
Commercial real estate		1,265,079		1,137,667
Agricultural real estate		—		—
Commercial		212,579		675,483
Agricultural business		—		—
Home equity		15,379		79,087
Consumer		42,786		43,559
Total	$	2,283,293	$	2,597,676

Schedule of recorded balance, at original cost, of troubled debt restructurings, which were performing according to the terms of the restructuring

	2014		2013
1-4 family	$	567,931	$	591,000
Commercial real estate		470,969		1,074,194
Agricultural real estate		—		—
Commercial		212,579		675,483
Agricultural business		—		—
Home equity		12,074		13,015
Consumer		42,786		42,059
Total	$	1,306,339	$	2,395,751

Schedule of loans modified as troubled debt restructurings

	Year Ended December 31, 2014				Year Ended December 31, 2013
	Number of  Modifications		Recorded  Investment		Number of  Modifications		Recorded  Investment
1-4 family		3	$	201,879		8	$	522,819
Commercial real estate		1		386,355		3		175,649
Agricultural real estate		—		—		—		—
Commercial		—		—		1		40,644
Agricultural business		—		—		—		—
Home equity		—		—		—		—
Consumer		1		15,953		1		27,593
Total		5	$	604,187		13	$	766,705