Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Inatngible Assets

The following table lists the Corporation’s intangible assets at December 31, 2013 and 2012. Core deposit premiums have less than two years of remaining amortization, and account relationships have less than one year to six remaining amortization.

	2013		2012
Amortizing intangible assets
Core deposit premiums	$	27,822	$	209,563
Account relationships		83,516		117,475
Total intangible assets	$	111,338	$	327,038

Schedule of Expected Amortization Expense

The intangible assets’ carrying amount, accumulated amortization and amortization expense for December 31, 2013 and the five succeeding fiscal years are as follows:

	2013		2014		2015		2016		2017		2018
Amortizing intangible assets
Core deposit premiums
Gross carrying amount	$	1,892,540	$	1,670,415	$	0	$	0	$	0	$	0
Accumulated amortization		1,864,718		1,670,415		0		0		0		0
Net carrying amount		27,822		0		0		0		0		0
Amortization expense		181,742		27,822		0		0		0		0
Account relationships
Gross carrying amount		400,000		400,000		125,000		125,000		125,000		125,000
Accumulated amortization		316,484		333,594		74,219		89,844		105,468		121,093
Net carrying amount		83,516		66,406		50,781		35,156		19,532		3,907
Amortization expense		33,958		17,110		15,625		15,625		15,625		15,625
Total intangible assets
Gross carrying amount		2,292,540		2,070,415		125,000		125,000		125,000		125,000
Accumulated amortization		2,181,202		2,004,009		74,219		89,844		105,468		121,093
Net carrying amount		111,338		66,406		50,781		35,156		19,532		3,907
Amortization expense	$	215,700	$	44,932	$	15,625	$	15,625	$	15,625	$	15,625