Loans and Allowance (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Schedule of major categories of loans
 
  2015  2014  2013 
Mortgage:            
Residential $116,027,206  $120,933,420  $123,645,939 
Commercial  62,469,425   62,601,469   67,195,806 
Construction and land development  5,518,588   7,073,720   6,582,553 
Demand and time  4,539,701   3,518,752   4,172,747 
Installment  75,302,771   84,103,142   73,230,433 
   263,857,691   278,230,503   274,827,478 
Unearned income on loans  (1,070,734)  (1,126,396)  (1,171,339)
   262,786,957   277,104,107   273,656,139 
Allowance for credit losses  (3,150,251)  (3,117,870)  (2,972,019)
             
  $259,636,706  $273,986,237  $270,684,120 
 
Schedule of total allowance by loan segment
 
  Commercial     Consumer          
  and  Commercial  and  Residential       
2015 Industrial  Real Estate  Indirect  Real Estate  Unallocated  Total 
                   
Balance, beginning of year $385,631  $335,009  $1,281,222  $1,169,627  $(53,619) $3,117,870 
Provision for credit losses  (78,901)  (23,814)  296,437   1,299,194   202,084   1,695,000 
Recoveries  1,400   13,468   486,776   10,473   -   512,117 
Loans charged off  (2,807)  (63,000)  (1,260,533)  (848,396)  -   (2,174,736)
                         
Balance, end of year $305,323  $261,663  $803,902  $1,630,898  $148,465  $3,150,251 
                         
Individually evaluated for impairment:                        
Balance in allowance $240,500  $100,745  $65,353  $697,088  $-  $1,103,686 
Related loan balance  240,500   1,143,317   950,722   2,792,239   -   5,126,778 
                         
Collectively evaluated for impairment:                        
Balance in allowance $64,823  $160,918  $738,549  $933,810  $148,465  $2,046,565 
Related loan balance  4,299,201   63,128,304   74,352,049   116,951,359   -   258,730,913 
 

 

  Commercial     Consumer          
  and  Commercial  and  Residential       
2014 Industrial  Real Estate  Indirect  Real Estate  Unallocated  Total 
                   
Balance, beginning of year $412,909  $898,362  $1,187,604  $593,463  $(120,319) $2,972,019 
Provision for credit losses  (4,580)  (448,027)  601,522   805,261   66,700   1,020,876 
Recoveries  6,440   128,068   331,108   5,714   -   471,330 
Loans charged off  (29,138)  (243,394)  (839,012)  (234,811)  -   (1,346,355)
                         
Balance, end of year $385,631  $335,009  $1,281,222  $1,169,627  $(53,619) $3,117,870 
                         
Individually evaluated for impairment:                        
Balance in allowance $252,500  $148,791  $186,226  $682,642  $-  $1,270,159 
Related loan balance  252,500   2,155,816   1,106,217   2,931,143   -   6,445,676 
                         
Collectively evaluated for impairment:                        
Balance in allowance $133,131  $186,218  $1,094,996  $486,985  $(53,619) $1,847,711 
Related loan balance  3,266,252   63,486,816   82,996,925   122,034,834   -   271,784,827 

 

  Commercial     Consumer          
  and  Commercial  and  Residential       
2013 Industrial  Real Estate  Indirect  Real Estate  Unallocated  Total 
                   
Balance, beginning of year $541,916  $1,183,240  $1,057,531  $392,506  $132,727  $3,307,920 
Provision for credit losses  46,303   (374,067)  468,559   372,251   (253,046)  260,000 
Recoveries  26,804   89,189   313,795   7,714   -   437,502 
Loans charged off  (202,114)  -   (652,281)  (179,008)  -   (1,033,403)
                         
Balance, end of year $412,909  $898,362  $1,187,604  $593,463  $(120,319) $2,972,019 
                         
Individually evaluated for impairment:                        
Balance in allowance $278,786  $550,794  $178,657  $155,330  $-  $1,163,567 
Related loan balance  278,786   3,364,193   636,174   1,629,643   -   5,908,796 
                         
Collectively evaluated for impairment:                        
Balance in allowance $134,123  $347,568  $1,008,947  $438,133  $(120,319) $1,808,452 
Related loan balance  3,893,961   65,414,415   72,594,259   127,016,047   -   268,918,682 
 
Schedule of risk ratings of loans by categories of loans
 
  Commercial     Consumer       
  and  Commercial  and  Residential    
2015 Industrial  Real Estate  Indirect  Real Estate  Total 
                
Pass $3,878,588  $58,706,189  $72,975,858  $116,596,449  $252,157,084 
Special mention  168,113   4,422,115   1,652,579   539,483   6,782,290 
Substandard  493,000   1,143,317   509,211   2,075,950   4,221,478 
Doubtful  -   -   165,123   531,716   696,839 
Loss  -   -   -   -   - 
                     
  $4,539,701  $64,271,621  $75,302,771  $119,743,598  $263,857,691 
                     
Non-accrual  -   -   596,329   3,183,420   3,779,749 
Troubled debt restructures  240,500   -   -   49,868   290,368 
Number of TDRs accounts  1   -   -   1   2 
Non-performing TDRs  -   -   -   -   - 
Number of TDR accounts  -   -   -   -   - 
 

 

  Commercial     Consumer       
  and  Commercial  and  Residential    
2014 Industrial  Real Estate  Indirect  Real Estate  Total 
                
Pass $3,177,639  $58,837,254  $80,501,928  $121,244,374  $263,761,195 
Special mention  88,613   4,649,562   2,555,654   832,546   8,126,375 
Substandard  252,500   2,155,816   882,600   2,726,156   6,017,072 
Doubtful  -   -   162,960   -   162,960 
Loss  -   -   -   162,901   162,901 
                     
  $3,518,752  $65,642,632  $84,103,142  $124,965,977  $278,230,503 
                     
Non-accrual  -   1,097,112   515,352   1,165,440   2,777,904 
Troubled debt restructures  252,500   -   -   -   252,500 
Number of TDRs accounts  1   -   -   -   1 
Non-performing TDRs  -   -   -   -   - 
Number of TDR accounts  -   -   -   -   - 

 

  Commercial     Consumer       
  and  Commercial  and  Residential    
2013 Industrial  Real Estate  Indirect  Real Estate  Total 
                
Pass $3,594,809  $59,914,422  $71,554,400  $126,774,441  $261,838,072 
Special mention  299,152   5,499,993   1,102,091   1,312,103   8,213,339 
Substandard  278,786   3,364,193   508,243   559,146   4,710,368 
Doubtful  -   -   65,699   -   65,699 
Loss  -   -   -   -   - 
                     
  $4,172,747  $68,778,608  $73,230,433  $128,645,690  $274,827,478 
                     
Non-accrual  14,286   1,237,647   338,212   1,123,248   2,713,393 
Troubled debt restructures  -   -   -   -   - 
Number of TDRs contracts  -   -   -   -   - 
Non-performing TDRs  -   -   -   -   - 
Number of TDR accounts  -   -   -   -   - 
 
Schedule of current, past due, and nonaccrual loans by categories of loans
 
        90 Days or       
     30-89 Days  More and       
2015 Current  Past Due  Still Accruing  Nonaccrual  Total 
                
Commercial and industrial $4,539,701  $-  $-  $-  $4,539,701 
Commercial real estate  64,270,345   1,276   -   -   64,271,621 
Consumer and indirect  73,568,010   1,122,155   16,277   596,329   75,302,771 
Residential real estate  115,715,127   806,566   38,485   3,183,420   119,743,598 
                     
  $258,093,183  $1,929,997  $54,762  $3,779,749  $263,857,691 

 

        90 Days or       
     30-89 Days  More and       
2014 Current  Past Due  Still Accruing  Nonaccrual  Total 
                
Commercial and industrial $3,518,752  $-  $-  $-  $3,518,752 
Commercial real estate  64,545,207   313   -   1,097,112   65,642,632 
Consumer and indirect  81,315,689   2,272,101   -   515,352   84,103,142 
Residential real estate  123,284,983   318,782   196,772   1,165,440   124,965,977 
                     
  $272,664,631  $2,591,196  $196,772  $2,777,904  $278,230,503 

 

        90 Days or       
     30-89 Days  More and       
2013 Current  Past Due  Still Accruing  Nonaccrual  Total 
                
Commercial and industrial $4,158,461  $-  $-  $14,286  $4,172,747 
Commercial real estate  66,191,062   173,000   1,176,899   1,237,647   68,778,608 
Consumer and indirect  71,755,109   1,137,112   -   338,212   73,230,433 
Residential real estate  126,934,475   157,123   430,844   1,123,248   128,645,690 
                     
  $269,039,107  $1,467,235  $1,607,743  $2,713,393  $274,827,478 
Schedule of impaired financing receivables
 
2015 

Recorded

Investment

  

Unpaid

Principal

Balance

  

Interest

Income

Recognized

  

Specific

Reserve

  

Average

Recorded

Investment

 
Impaired loans with specific reserves:                    
Real-estate - mortgage:                    
Residential $1,809,429  $1,809,429  $56,804  $697,088  $1,820,233 
Commercial  300,112   300,112   -   100,745   314,929 
Consumer  145,874   145,874   -   65,353   170,499 
Installment  -   -   -   -   - 
Home Equity  -   -   -   -   - 
Commercial  240,500   240,500   10,517   240,500   246,571 
Total impaired loans with specific reserves $2,495,915  $2,495,915  $67,321  $1,103,686  $2,552,232 
                     
Impaired loans with no specific reserve:                    
Real-estate - mortgage:                    
Residential $982,810  $1,115,579  $14,664    n/a  $1,170,747 
Commercial  843,205   843,205   37,786    n/a   876,376 
Consumer  364,695   449,370   1,696    n/a   452,682 
Installment  440,153   440,153   -    n/a   - 
Home Equity  -   -   -    n/a   - 
Commercial  -   -   -    n/a   - 
Total impaired loans with no specific reserve $2,630,863  $2,848,307  $54,146   -  $2,499,805 
 

 

2014 Recorded 
Investment		  Unpaid 
Principal 
Balance		  Interest 
Income 
Recognized		  Specific 
Reserve		  Average 
Recorded 
Investment		 
Impaired loans with specific reserves:                    
Real-estate - mortgage:                    
Residential $2,726,247  $2,726,247  $177,707  $682,642  $2,747,299 
Commercial  1,094,708   1,094,708   783   148,791   1,162,367 
Consumer  611,728   611,728   30,903   186,226   622,854 
Installment  -   -   -   -   - 
Home Equity  -   -   -   -   - 
Commercial  252,500   252,500   11,027   252,500   258,577 
Total impaired loans with specific reserves $4,685,183  $4,685,183  $220,420  $1,270,159  $4,791,097 
                     
Impaired loans with no specific reserve:                    
Real-estate - mortgage:                    
Residential $204,896  $266,091  $2,641    n/a  $340,435 
Commercial  1,061,108   1,061,108   48,548    n/a   1,089,641 
Consumer  60,656   60,656   -    n/a   - 
Installment  433,833   433,833   -    n/a   - 
Home Equity  -   -   -    n/a   - 
Commercial  -   -   -    n/a   - 
Total impaired loans with no specific reserve $1,760,493  $1,821,688  $51,189   -  $1,430,076 

 

2013 Recorded 
Investment		  Unpaid 
Principal 
Balance		  Interest 
Income 
Recognized		  Specific 
Reserve		  Average 
Recorded 
Investment		 
Impaired loans with specific reserves:                    
Real-estate - mortgage:                    
Residential $559,146  $559,146  $15,768  $155,330  $563,961 
Commercial  2,187,294   2,187,294   55,535   550,794   2,271,949 
Consumer  393,740   393,740   20,767   178,657   394,356 
Installment  -   -   -   -   - 
Home Equity  -   -   -   -   - 
Commercial  278,786   278,786   11,541   278,786   286,433 
Total impaired loans with specific reserves $3,418,966  $3,418,966  $103,611  $1,163,567  $3,516,699 
                     
Impaired loans with no specific reserve:                    
Real-estate - mortgage:                    
Residential $1,070,497  $1,070,497  $39,257    n/a  $1,071,479 
Commercial  1,176,899   1,176,899   46,583    n/a   1,231,505 
Consumer  10,602   10,602   -    n/a   - 
Installment  180,204   180,204   -    n/a   - 
Home Equity  51,628   51,628   -    n/a   50,999 
Commercial  -   -   -    n/a   - 
Total impaired loans with no specific reserve $2,489,830  $2,489,830  $85,840   -  $2,353,983