Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Inatngible Assets

The following table lists the Corporation’s intangible assets at December 31, 2012 and 2011. Core deposit premiums have less than two years of remaining amortization, and account relationships have 1-7 years remaining amortization.

	2012	2011
Amortizing intangible assets
Core deposit premiums	$    209,563	$    391,304
Account relationships	117,475	155,215
Total intangible assets	$ 327,038	$    546,519

Schedule of Expected Amortization Expense

The intangible assets’ carrying amount, accumulated amortization and amortization expense for December 31, 2012 and the five succeeding fiscal years are as follows:

	2012	2013	2014	2015	2016	2017
Amortizing intangible assets
Core deposit premiums
Gross carrying amount	$1,892,540	$1,892,540	$1,670,415	$             0	$             0	$             0
Accumulated amortization	1,682,977	1,864,719	1,670,415	0	0	0
Net carrying amount	209,563	27,821	0	0	0	0
Amortization expense	181,742	181,742	27,822	0	0	0
Account relationships
Gross carrying amount	513,448	400,000	400,000	125,000	125,000	125,000
Accumulated amortization	395,973	316,484	333,594	74,219	89,844	105,468
Net carrying amount	117,475	83,516	66,406	50,781	35,156	19,532
Amortization expense	37,740	33,958	17,110	15,625	15,625	15,625
Total intangible assets
Gross carrying amount	2,405,988	2,292,540	2,070,415	125,000	125,000	125,000
Accumulated amortization	2,078,950	2,181,203	2,004,009	74,219	89,844	105,468
Net carrying amount	327,038	111,337	66,406	50,781	35,156	19,532
Amortization expense	$  219,482	$   215,700	$    44,932	$     15,625	$     15,625	$     15,625