Pension Plan (Tables)

12 Months Ended

Dec. 31, 2013

Compensation And Retirement Disclosure [Abstract]

Summary of Components of Net Periodic Pension Cost (Benefit)

Following are the components of the Net Period Pension Cost (Benefit):

	December 31,
	2013			2012			2011
Service Cost	$	87,496		$	94,374		$	298,378
Interest Cost		385,884			406,689			455,732
Actual Return on Plan Assets		(1,310,053	)		(932,366	)		(396,687	)
Amortization of Unrecognized Transition Loss (Gain) from Earlier Periods		91,111			69,699			(7,487	)
Amortization of Unrecognized Prior Service Cost		—			—			21,218
Amortization of Net Gain (Loss) from Earlier Periods		736,025			390,400			(129,257	)
Net Periodic Pension Cost (Benefit)	$	(9,537	)	$	28,796		$	241,897

Schedule of Changes in Projected Benefit Obligations

The change in projected benefit obligation is as follows:

	December 31,
	2013			2012
Benefit Obligation at Beginning of Year	$	9,827,454		$	9,309,585
Service Cost		87,496			94,374
Interest Cost		385,884			406,689
Actuarial Loss (Gain)		(804,080	)		636,013
Benefits and Plan Expenses Paid		(644,492	)		(619,207	)
Benefit Obligation at End of Year	$	8,852,262		$	9,827,454

Schedule of Changes in Fair Value of Plan Assets

The change in plan assets is as follows:

	December 31,
	2013			2012
Fair Value of Plan Assets at Beginning of Year	$	8,509,771		$	7,723,072
Actual Return on Plan Assets		1,310,053			932,366
Employer Contribution		84,600			473,540
Plan Expenses Paid		(71,585	)		(84,131	)
Benefits Paid		(572,907	)		(535,076	)
Fair Value of Plan Assets at End of Year	$	9,259,932		$	8,509,771

Schedule of Funded Status of the Pension Obligation

The funded status of the pension obligation consists of the following:

	December 31,
	2013			2012
Estimated Pension Benefit Obligation
Projected Benefit Obligation	$	(8,852,262	)	$	(9,827,454	)
Fair Value of Plan Assets		9,259,932			8,509,771
Accrued Net Pension Asset (Obligation)	$	407,670		$	(1,317,683	)

Schedule of Projected Benefit Obligation and Fair Value of Plan Assets

The actuarial assumptions made to determine the projected benefit obligation and the fair value of plan assets are as follows:

	December 31,
	2013			2012
Weighted Average Discount Rate		5.00	%		4.00	%
Weighted Average Asset Rate of Return		7.00	%		7.00	%
Compensation Scale		N/A			N/A

Schedule of Disbursements from Plan Assets

During the measurement period, disbursements from Pension Plan assets were as follows:

	December 31,
	2013		2012
Benefit Payments	$	572,907	$	535,076
Administrative Expenses		71,585		84,131
Total	$	644,492	$	619,207

Schedule of Unrecognized (Gain) or Loss

The unrecognized (gain) or loss determined subsequent to last year’s measurement date is determined as follows:

Liability loss determined from the January 1, 2013 census and included in this year’s net periodic cost	$	129,024
Asset gain occurring over the measurement period		(736,025	)
Gain due to assumption changes effective as of December 31, 2013		(933,104	)
Total unrecognized gain	$	(1,540,105	)

Schedule of Plan's Weighted Average Asset Allocations

The Pension Plan’s weighted average asset allocations at December 31, 2013 and 2012 by asset category are as follows:

	December 31,
	2013			2012
Cash and Cash Equivalents		3	%		6	%
Equity Securities		66	%		63	%
Fixed Income Securities		30	%		31	%
Alternative Investments		1	%		0	%
Total		100	%		100	%

Schedule of Fair Values of Plan Assets and Fair Value Measurements

The following is a table of the Fair Values of Pension Plan Assets and Fair Value Measurements at December 31, 2013 and 2012 (measured with quoted prices in active markets – Level 1 inputs):

	December 31,
	2013		2012
Cash and Cash Equivalents	$	263,452	$	369,174
Equity Securities		6,134,969		5,305,492
Fixed Income Securities		2,730,912		2,835,105
Alternative Investments		130,599		—
Total	$	9,259,932	$	8,509,771

Schedule of Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service as appropriate, would be expected to be paid.

Year Ending December 31,	Amount
2014	$	646,200
2015		659,900
2016		668,100
2017		671,900
2018		671,900
2019-2023		3,522,100