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Short-Term Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of FHLB

Information concerning federal funds purchased and FHLB short-term advances are summarized as follows:

 

    2016   2015
         
Average balance during the year   $ 8,119,161     $ 7,028,679  
Average interest rate during the year     1.28 %     0.96 %
                 
Maximum month-end balance during the year   $ 10,590,476     $ 10,133,333