Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016.

December 31, 2017	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government treasury securities	$	967,770	$	0	$	0	$	967,770
U.S. government agency securities		0		43,860,090		0		43,860,090
State and municipal securities		0		7,573,689		0		7,573,689
Residential mortgage-backed securities		0		1,861,712		0		1,861,712
Equity securities		0		100,380		0		100,380
Total	$	967,770	$	53,395,871	$	0	$	54,363,641

December 31, 2016	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government treasury securities	$	962,150	$	0	$	0	$	962,150
U.S. government agency securities		0		40,984,897		0		40,984,897
State and municipal securities		0		6,452,597		0		6,452,597
Residential mortgage-backed securities		0		2,529,314		0		2,529,314
Corporate notes		0		2,524,165		0		2,524,165
Equity securities		0		112,380		0		112,380
Total	$	962,150	$	52,603,353	$	0	$	53,565,503

Schedule of Fair Value of Assets Recorded on a Nonrecurring Basis

Assets Recorded at Fair Value on a Nonrecurring Basis:

December 31, 2017	Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	758,878	$	758,878
Impaired loans		0		0		4,563,951		4,563,951
Total assets at fair value	$	0	$	0	$	5,322,829	$	5,322,829

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December 31, 2016	Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	126,713	$	126,713
Impaired loans		0		0		3,011,472		3,011,472
Total assets at fair value	$	0	$	0	$	3,138,185	$	3,138,185

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, 2017 and 2016, are as follows:

			Estimated Fair Value
December 31, 2017	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	34,138	$	34,138	$	0	$	0	$	34,138
Certificates of deposit in other banks		1,985		1,985		0		0		1,985
Investment securities available for sale		54,364		968		53,396		0		54,364
Investment securities held to maturity		44,591		0		45,148		0		45,148
Federal Home Loan Bank stock		2,438		0		2,438		0		2,438
Loans, net		327,130		0		320,684		4,564		325,248
Bank owned life insurance		6,553		0		6,553		0		6,553
Liabilities:
Deposits		397,006		0		397,331		0		397,331
Federal Home Loan Bank advances		47,029		0		46,658		0		46,658

			Estimated Fair Value
December 31, 2016	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	26,520	$	26,520	$	0	$	0	$	26,520
Certificates of deposit in other banks		0		0		0		0		0
Investment securities available for sale		53,566		962		52,604		0		53,566
Investment securities held to maturity		54,603		0		55,123		0		55,123
Federal Home Loan Bank stock		1,874		0		1,874		0		1,874
Loans, net		289,400		0		286,869		3,011		289,880
Bank owned life insurance		5,357		0		5,357		0		5,357
Liabilities:
Deposits		371,493		0		371,793		0		371,793
Federal Home Loan Bank advances		34,476		0		34,337		0		34,337