Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Assets Recorded at Fair Value on a Recurring Basis

Assets Recorded at Fair Value on a Recurring Basis:

The table below presents the recorded amount of assets measured at fair value on a recurring basis as of December 31, 2015 and 2014.

December 31, 2015	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government agency securities	$	0	$	42,642,322	$	0	$	42,642,322
State and municipal securities		0		2,607,684		0		2,607,684
Residential mortgage-backed securities		0		3,741,445		0		3,741,445
Corporate notes		0		2,472,960		0		2,472,960
Equity securities		0		12,000		0		12,000
Total	$	0	$	51,476,411	$	0	$	51,476,411

December 31, 2014	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government agency securities	$	0	$	45,492,925	$	0	$	45,492,925
State and municipal securities		0		874,667		0		874,667
Residential mortgage-backed securities		0		4,971,644		0		4,971,644
Corporate notes		0		2,498,720		0		2,498,720
Total	$	0	$	53,837,956	$	0	$	53,837,956

Schedule of Fair Value of Assets Recorded on a Nonrecurring Basis

Assets Recorded at Fair Value on a Nonrecurring Basis:

The Corporation may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP.  These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period.  Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2015 and 2014.

December 31, 2015	Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	81,750	$	81,750
Impaired loans		0		0		5,254,501		5,254,501
Total assets at fair value	$	0	$	0	$	5,336,251	$	5,336,251

December 31, 2014	Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	273,653	$	273,653
Impaired loans		0		0		3,648,143		3,648,143
Total assets at fair value	$	0	$	0	$	3,921,796	$	3,921,796

Schedule of Carrying and Estimated Fair Value of Assets and Liabilities Recorded at Fair Value

The carrying amount and estimated fair values of the Corporation’s assets and liabilities which are required to be either disclosed or recorded at fair value at December 31, 2015 and 2014, are as follows:

			Estimated Fair Value
December 31, 2015	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	31,080	$	31,080	$	0	$	0	$	31,080
Certificates of deposit in other banks		245		245		0		0		245
Investment securities available for sale		51,476		0		51,476		0		51,476
Investment securities held to maturity		60,889		0		62,199		0		62,199
Federal Home Loan Bank stock		1,869		0		1,869		0		1,869
Loans, net		247,754		0		243,460		5,255		248,715
Liabilities:
Deposits		339,016		0		339,337		0		339,337
Federal Home Loan Bank advances		36,067		0		35,964		0		35,964

			Estimated Fair Value
December 31, 2014	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	12,559	$	12,559	$	0	$	0	$	12,559
Certificates of deposit in other banks		1,470		1,470		0		0		1,470
Investment securities available for sale		53,838		0		53,838		0		53,838
Investment securities held to maturity		61,588		0		62,841		0		62,841
Federal Home Loan Bank stock		1,560		0		1,560		0		1,560
Loans, net		221,286		0		217,651		3,648		221,299
Liabilities:
Deposits		309,974		0		310,234		0		310,234
Federal Home Loan Bank advances		27,200		0		27,621		0		27,621