Investment Securities (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Investments [Abstract]

Schedule of Securities Available for Sale Securities

The amortized cost of securities as shown in the consolidated balance sheets and their estimated fair values at June 30, 2013, and December 31, 2012, were as follows:

Securities Available For Sale:

June 30, 2013	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government Agency securities	$	20,080,995	$	0	$	758,379	$	19,322,616
State and municipal securities		1,534,695		16,396		106,828		1,444,263
Residential mortgage-backed securities		7,739,423		432,495		1,998		8,169,920
Corporate notes		2,495,084		0		27,289		2,467,795
Total debt securities AFS		31,850,197		448,891		894,494		31,404,594
Equity securities		174,549		189,451		0		364,000
Total securities AFS	$	32,024,746	$	638,342	$	894,494	$	31,768,594

December 31, 2012	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government Agency securities	$	8,953,767	$	13,125	$	22,880	$	8,944,012
State and municipal securities		2,141,634		58,291		19,897		2,180,028
Residential mortgage-backed securities		9,737,393		677,007		0		10,414,400
Total debt securities AFS		20,832,794		748,423		42,777		21,538,440
Equity securities		174,549		0		40,949		133,600
Total securities AFS	$	21,007,343	$	748,423	$	83,726	$	21,672,040

Schedule of Securities Held to Maturity

Securities Held to Maturity:

June 30, 2013	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
State and municipal securities	$	49,381,797	$	658,247	$	547,276	$	49,492,768
Residential mortgage-backed securities		12,713,035		394,584		168		13,107,451
Total securities HTM	$	62,094,832	$	1,052,831	$	547,444	$	62,600,219

December 31, 2012	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
State and municipal securities	$	44,173,630	$	1,511,179	$	38,955	$	45,645,854
Residential mortgage-backed securities		15,689,859		748,606		0		16,438,465
Total securities HTM	$	59,863,489	$	2,259,785	$	38,955	$	62,084,319

Schedule of Information Pertaining to Securities Gross Unrealized Losses by Investments

Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in continuous loss position, follows:

June 30, 2013	Less Than Twelve Months				Twelve Months or More
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
Securities Available for Sale
Temporarily impaired debt securities:
U.S. Government Agency securities	$	758,379	$	19,322,617	$	0	$	0
State and municipal securities		106,828		782,867		0		0
Residential mortgage-backed securities		1,998		821,996
Corporate notes		27,289		2,467,795		0		0
Total debt securities AFS		894,494		23,395,275		0		0
Temporarily impaired equity securities		0		0		0		0
Other-than-temporarily impaired equity        securities		0		0		0		0
Total securities available for sale	$	894,494	$	23,395,275	$	0	$	0
Securities Held to Maturity
Temporarily impaired debt securities:
State and municipal securities	$	543,812	$	24,194,553	$	3,464	$	200,033
Residential mortgage-backed securities		168		800,138		0		0
Total securities held to maturity	$	543,980	$	24,994,691	$	3,434	$	200,033

December 31, 2012	Less Than Twelve Months				Twelve Months or More
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
Securities Available for Sale
Temporarily impaired debt securities:
U.S. Government Agency securities	$	22,880	$	5,977,120	$	0	$	0
State and municipal securities		19,897		872,738		0		0
Residential mortgage-backed securities		0		0		0		0
Total debt securities AFS		42,777		6,849,858		0		0
Temporarily impaired equity securities		0		0		40,949		133,600
Other-than-temporarily impaired equity        securities		0		0		0		0
Total securities available for sale	$	42,777	$	6,849,858	$	40,949	$	133,600
Securities Held to Maturity
Temporarily impaired debt securities:
State and municipal securities	$	38,955	$	7,908,608	$	0	$	0
Residential mortgage-backed securities		0		0		0		0
Total securities held to maturity	$	38,955	$	7,908,608	$	0	$	0