Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Inatngible Assets

The following table lists the Corporation’s intangible assets at December 31, 2014 and 2013. Core deposit premiums have been completely amortized, and account relationships have less than five years remaining amortization.

	2014		2013
Amortizing intangible assets
Core deposit premiums	$	0	$	27,822
Account relationships		66,406		83,516
Total intangible assets	$	66,406	$	111,338

Schedule of Expected Amortization Expense

The intangible assets’ carrying amount, accumulated amortization and amortization expense for December 31, 2014 and the five succeeding fiscal years are as follows:

	2014		2015		2016		2017		2018		2019
Amortizing intangible assets
Core deposit premiums
Gross carrying amount	$	1,670,415	$	0	$	0	$	0	$	0	$	0
Accumulated amortization		1,670,415		0		0		0		0		0
Net carrying amount		0		0		0		0		0		0
Amortization expense		27,821		0		0		0		0		0
Account relationships
Gross carrying amount		400,000		125,000		125,000		125,000		125,000		125,000
Accumulated amortization		333,594		74,219		89,844		105,469		121,094		125,000
Net carrying amount		66,406		50,781		35,156		19,531		3,906		0
Amortization expense		17,110		15,625		15,625		15,625		15,625		3,906
Total intangible assets
Gross carrying amount		2,070,415		125,000		125,000		125,000		125,000		125,000
Accumulated amortization		2,004,009		74,219		89,844		105,469		121,094		125,000
Net carrying amount		66,406		50,781		35,156		19,531		3,906		0
Amortization expense	$	44,931	$	15,625	$	15,625	$	15,625	$	15,625	$	3,906