Business Combinations (Tables) - Slavie Federal Savings Bank [Member]

12 Months Ended

Dec. 31, 2015

Purchase Price And Amounts Of Acquired Identifiable Assets And Liabilities Assumed

The following table presents the allocation of the consideration received to acquire assets and assume liabilities in the Slavie Acquisition as of the acquisition date.  The allocation results in an after-tax bargain purchase gain of $317,544.

Assets acquired at fair value:
Cash and cash equivalents	$	30,341,150
Time deposits with banks		1,546,718
Investment securities available for sale, at fair value		197,311
Restriced equity securities, at cost		1,253,600
Loans, net of deferred fees and costs		82,914,607
Accrued interest receivable		347,772
Core deposit intangible		477,563
Total assets acquired	$	117,078,721
Liabilities assumed at fair value:
Deposits	$	110,833,046
Accrued expenses and other liabilities		3,266
Total liabilities assumed	$	110,836,312
Net assets acquired at fair value:	$	6,242,409
Transaction cash consideration paid		5,717,977
Total estimated bargain purchase gain, before tax		524,432
Tax expense		(206,888)
Total estimated bargain purchase gain, after tax	$	317,544

Loans Acquired In Acquisition

The following is a summary of the loans acquired in the Slavie Acquisition:

	Purchased
	Credit		Purchased		Total
	Impaired		Non-Impaired		Purchased
	Loans		Loans		Loans
Contractually required principal and interest at acquisition	$	26,970,809	$	68,701,805	$	95,672,614
Contractual cash flows not expected to be collected		(7,018,601)		(3,983,263)		(11,001,864)
Expected cash flows at acquisition		19,952,208		64,718,542		84,670,750
Interest component of expected cash flows		(1,114,951)		(641,192)		(1,756,143)
Basis in purchased loans at acquisition - estimated fair value	$	18,837,257	$	64,077,350	$	82,914,607