Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Schedule of classes of loans

	2015		2014
Mortgage loans on real estate
Residential 1-4 family	$	47,395,344	$	44,561,089
Commercial		40,381,680		40,474,855
Agricultural		41,223,190		40,119,130
Home equity		11,691,545		11,283,264
Total mortgage loans on real estate		140,691,759		136,438,338
Commercial loans		25,453,058		26,813,880
Agricultural		16,102,856		11,844,973
Consumer		13,741,093		12,587,101
		195,988,766		187,684,292
Less
Net deferred loan fees		29,293		9,416
Allowance for loan losses		2,919,594		2,956,264
Net loans	$	193,039,879	$	184,718,612

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

	December 31, 2015
	1-4 Family			Commercial Real Estate			Agricultural Real Estate		Commercial			Agricultural		Home Equity			Consumer			Unallocated		Total
Allowance for loan losses:
Balance, beginning of year	$	999,260		$	855,463		$	195,546	$	421,809		$	57,934	$	205,577		$	167,319		$	53,356	$	2,956,264
Provision charged to expense		(10,386	)		29,238			6,372		(35,327	)		105,412		(53,188	)		49,289			48,590		140,000
Losses charged off		(199,392	)		(27,464	)		—		—			—		(13,724	)		(53,249	)		—		(293,829	)
Recoveries		40,122			60,289			—		138			—		10,588			6,022			—		117,159
Balance, end of year	$	829,604		$	917,526		$	201,918	$	386,620		$	163,346	$	149,253		$	169,381		$	101,946	$	2,919,594
Ending balance: individually evaluated for impairment	$	176,079		$	487,205		$	—	$	127,458		$	—	$	9,922		$	—		$	—	$	800,664
Ending balance: collectively evaluated for impairment	$	653,525		$	430,321		$	201,918	$	259,162		$	163,346	$	139,331		$	169,381		$	101,946	$	2,118,930
Loans:
Ending balance	$	47,395,344		$	40,381,680		$	41,223,190	$	25,453,058		$	16,102,856	$	11,691,545		$	13,741,093		$	—	$	195,988,766
Ending balance:  individually evaluated for impairment	$	658,734		$	1,598,530		$	839,546	$	277,628		$	406,950	$	58,340		$	428		$	—	$	3,840,156
Ending balance:  collectively evaluated for impairment	$	46,736,610		$	38,783,150		$	40,383,644	$	25,175,430		$	15,695,906	$	11,633,205		$	13,740,665		$	—	$	192,148,610

	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

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
	2015		2014		2015		2014		2015		2014		2015		2014
Pass	$	44,120,334	$	41,530,699	$	37,628,385	$	38,122,972	$	40,383,644	$	39,109,241	$	25,117,982	$	26,563,823
Special Mention		1,323,266		655,049		454,194		53,750		839,546		887,048		51,196		—
Substandard		1,951,744		2,375,341		2,299,101		2,298,133		—		122,841		283,880		250,057
Total	$	47,395,344	$	44,561,089	$	40,381,680	$	40,474,855	$	41,223,190	$	40,119,130	$	25,453,058	$	26,813,880

	Agricultural Business				Home Equity				Consumer
	2015		2014		2015		2014		2015		2014
Pass	$	15,110,606	$	11,586,833	$	11,324,889	$	10,833,853	$	13,501,477	$	12,386,412
Special Mention		992,250		258,140		68,044		162,103		52,656		80,544
Substandard		—		—		298,612		287,308		186,960		120,145
Total	$	16,102,856	$	11,844,973	$	11,691,545	$	11,283,264	$	13,741,093	$	12,587,101

Schedule of loan portfolio aging analysis

	December 31, 2015
	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	$	345,169	$	77,588	$	623,055	$	1,045,812	$	46,349,532	$	47,395,344	$	—
Commercial real estate		—		—		766,840		766,840		39,614,840		40,381,680		—
Agricultural real estate		—		—		—		—		41,223,190		41,223,190		—
Commercial		—		—		—		—		25,453,058		25,453,058		—
Agricultural business		—		—		—		—		16,102,856		16,102,856		—
Home equity		22,122		66,305		69,515		157,942		11,533,603		11,691,545		—
Consumer		183,526		5,972		6,031		195,529		13,545,564		13,741,093		—
Total	$	550,817	$	149,865	$	1,465,441	$	2,166,123	$	193,822,643	$	195,988,766	$	—

	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	$	—

Schedule of impaired loans

	December 31, 2015
	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	$	111,166	$	111,166	$	—	$	211,346	$	12,248	$	12,042
Commercial real estate		516,560		516,560		—		663,640		34,155		34,586
Agricultural real estate		839,546		839,546		—		864,705		43,335		44,885
Commercial		80,172		80,172		—		83,509		634		150
Agricultural business		406,950		406,950		—		307,729		11,403		808
Home equity		48,418		48,418		—		43,342		3,333		3,331
Consumer		428		428		—		1,160		78		82
Loans with a specific valuation allowance
1-4 Family		547,568		547,568		176,079		568,790		32,908		25,352
Commercial real estate		1,081,970		1,081,970		487,205		1,118,044		67,505		47,864
Commercial		197,456		197,456		127,458		269,496		11,517		11,139
Home equity		9,922		9,922		9,922		9,982		810		722
Total:
1-4 family		658,734		658,734		176,079		780,136		45,156		37,394
Commercial real estate		1,598,530		1,598,530		487,205		1,781,684		101,660		82,450
Agricultural real estate		839,546		839,546		—		864,705		43,335		44,885
Commercial		277,628		277,628		127,458		353,005		12,151		11,289
Agricultural business		406,950		406,950		—		307,729		11,403		808
Home equity		58,340		58,340		9,922		53,324		4,143		4,053
Consumer		428		428		—		1,160		78		82
Total	$	3,840,156	$	3,840,156	$	800,664	$	4,141,743	$	217,926	$	180,961

	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

Schedule of nonaccrual loans

	2015		2014
1-4 family	$	911,283	$	994,855
Commercial real estate		840,449		932,578
Agricultural real estate		—		122,841
Commercial		9,314		22,438
Agricultural business		—		—
Home equity		118,502		120,698
Consumer		141,605		70,643
Total	$	2,021,153	$	2,264,053

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

	2015		2014
1-4 family	$	723,421	$	747,470
Commercial real estate		1,708,013		1,265,079
Agricultural real estate		—		—
Commercial		57,783		212,579
Agricultural business		—		—
Home equity		10,897		15,379
Consumer		109,340		42,786
Total	$	2,609,454	$	2,283,293

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

	2015		2014
1-4 family	$	526,004	$	567,931
Commercial real estate		941,173		470,969
Agricultural real estate		—		—
Commercial		57,783		212,579
Agricultural business		—		—
Home equity		10,897		12,074
Consumer		86,255		42,786
Total	$	1,622,112	$	1,306,339

Schedule of loans modified as troubled debt restructurings

	Year Ended December 31, 2015				Year Ended December 31, 2014
	Number of Modifications		Recorded Investment		Number of Modifications		Recorded Investment
1-4 family		1	$	98,246		3	$	201,879
Commercial real estate		2		524,432		1		386,355
Agricultural real estate		—		—		—		—
Commercial		—		—		—		—
Agricultural business		—		—		—		—
Home equity		1		1,431		—		—
Consumer		5		76,691		1		15,953
Total		9	$	700,800		5	$	604,187