Jacksonville Bancorp Inactive 10-Q11 May 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2015	1-May-15
Document And Entity Information Abstract
Entity Registrant Name	Jacksonville Bancorp, Inc.
Entity Central Index Key	1484949
Trading Symbol	jxsb
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Accelerated Filer
Entity Common Stock Shares Outstanding		1,805,844
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$9,629,582	$9,611,638
Interest-earning time deposits in banks	1,233,000
Investment securities - available for sale	54,427,745	55,264,976
Mortgage-backed securities - available for sale	35,142,805	41,419,921
Federal Home Loan Bank stock	1,113,800	1,113,800
Other investment securities	72,466	73,766
Loans held for sale - net	881,178	235,600
Loans receivable - net of allowance for loan losses of $2,970,996 and $2,956,264 as of March 31, 2015 and December 31, 2014	184,776,897	184,718,612
Premises and equipment - net	4,874,168	4,945,983
Cash surrender value of life insurance	6,958,198	6,912,917
Accrued interest receivable	1,802,271	1,713,243
Goodwill	2,726,567	2,726,567
Capitalized mortgage servicing rights, net of valuation allowance of $54,441 and $56,969 as of March 31, 2015 and December 31, 2014	624,838	632,634
Real estate owned	113,880	176,671
Deferred income taxes	1,233,364	1,486,206
Other assets	842,245	892,118
Total Assets	306,453,004	311,924,652
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits	243,957,148	245,941,562
Other borrowings	8,828,123	13,821,730
Advance payments by borrowers for taxes and insurance	1,356,630	962,762
Accrued interest payable	153,240	166,052
Deferred compensation payable	4,309,785	4,252,720
Income taxes payable	242,422	200,781
Other liabilities	1,417,373	1,562,947
Total liabilities	260,264,721	266,908,554
Commitments and contingencies
Preferred stock, $0.01 par value - authorized 10,000,000 shares; none issued and outstanding
Common stock, $0.01 par value - authorized 25,000,000 shares; issued 1,800,123 shares as of March 31, 2015 and 1,799,483 as of December 31, 2014	18,001	17,995
Additional paid-in-capital	13,930,306	13,900,743
Retained earnings	31,280,335	30,635,787
Less: Unallocated ESOP shares	-244,180	-249,910
Accumulated other comprehensive income	1,203,821	711,483
Total stockholders' equity	46,188,283	45,016,098
Total Liabilities and Stockholders' Equity	$306,453,004	$311,924,652

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Allowance for loan losses of loans receivable (in dollars)	$2,970,996	$2,956,264
Valuation allowance on mortgage servicing rights (in dollars)	$54,441	$56,969
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	1,800,123	1,799,483

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
INTEREST INCOME:
Loans	$2,343,354	$2,277,458
Investment securities	380,823	449,576
Mortgage-backed securities	172,367	318,635
Other	4,948	101
Total interest income	2,901,492	3,045,770
INTEREST EXPENSE:
Deposits	308,927	386,471
Other borrowings	5,123	3,187
Total interest expense	314,050	389,658
NET INTEREST INCOME	2,587,442	2,656,112
PROVISION FOR LOAN LOSSES	30,000	30,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	2,557,442	2,626,112
NON-INTEREST INCOME:
Fiduciary activities	78,626	84,075
Commission income	308,113	354,337
Service charges on deposit accounts	156,436	159,656
Mortgage banking operations, net	42,940	12,412
Net realized gains on sales of available-for-sale securities	133,216	99,855
Loan servicing fees	87,480	91,933
ATM and bank card interchange income	124,267	120,150
Other	104,380	75,114
Total non-interest income	1,035,458	997,532
NON-INTEREST EXPENSE:
Salaries and employee benefits	1,638,242	1,585,857
Occupancy and equipment	255,393	258,536
Data processing and telecommunications	147,647	138,584
Professional	45,736	56,071
Postage and office supplies	55,110	62,868
Deposit insurance premium	38,547	38,903
ATM and bank card expense	56,586	75,886
Other	278,528	253,641
Total non-interest expense	2,515,789	2,470,346
INCOME BEFORE INCOME TAXES	1,077,111	1,153,298
INCOME TAXES	290,854	313,509
NET INCOME	$786,257	$839,789
NET INCOME PER COMMON SHARE - BASIC (in dollars per share)	$0.44	$0.47
NET INCOME PER COMMON SHARE - DILUTED (in dollars per share)	$0.44	$0.47

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$786,257	$839,789
Other Comprehensive Income
Unrealized appreciation on available-for-sale securities, net of taxes of $298,922 and $463,984 for 2015 and 2014, respectively.	580,261	900,674
Less: reclassification adjustment for realized gains included in net income, net of taxes of $45,293 and $33,951, for 2015 and 2014, respectively.	87,923	65,904
Total other comprehensive income	492,338	834,770
Comprehensive Income	$1,278,595	$1,674,559

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parentheticals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Taxes on unrealized appreciation on available-for-sale securities	$298,922	$463,984
Taxes on reclassification adjustment for realized gains included in net income	$45,293	$33,951

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)	Common Stock	Additional Paid-in Capital	Retained Earnings	Unallocated ESOP Shares	Accumulated Other Comprehensive Income	Total
BALANCE at Dec. 31, 2014	$17,995	$13,900,743	$30,635,787	($249,910)	$711,483	$45,016,098
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			786,257			786,257
Other comprehensive income					492,338	492,338
Stock Repurchases	-14	-31,266				-31,280
Exercise of stock options	20	31,280				31,300
Stock-based compensation expense		22,232				22,232
Shares held by ESOP, committed to be released		7,317		5,730		13,047
Dividends ($0.08 per share)			-141,709			-141,709
BALANCE at Mar. 31, 2015	$18,001	$13,930,306	$31,280,335	($244,180)	$1,203,821	$46,188,283

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (Parentheticals) (USD $)	3 Months Ended
	Mar. 31, 2015
Statement Of Stockholders Equity [Abstract]
Dividends, per share (in dollars per share)	$0.08

CONDENSED_CONSOLIDATED_STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$786,257	$839,789
Depreciation, amortization and accretion:
Premises and equipment	97,750	100,458
Amortization of investment and loan premiums and discounts, net	169,629	131,654
Net realized gains on sales of available-for-sale securities	-133,216	-99,855
Provision for loan losses	30,000	30,000
Mortgage banking operations, net	-42,940	-12,412
Shares held by ESOP committed to be released	13,047	11,304
Stock-based compensation expense	22,232	22,232
Changes in income taxes payable	41,641	244,296
Changes in assets and liabilities	-170,838	643,534
Net cash provided by operations before loan sales	813,562	1,911,000
Origination of loans for sale to secondary market	-4,300,964	-2,454,771
Proceeds from sales of loans to secondary market	3,701,856	1,624,949
Net cash provided by operating activities	214,454	1,081,178
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment and mortgage-backed securities	-9,188,892	-7,160,293
Purchases of interest-earning time deposits in banks	-1,233,000
Maturity or call of investment securities available-for-sale	1,000,000
Sale of investment securities available-for-sale	14,482,743	6,638,996
Principal payments on mortgage-backed and investment securities	1,531,221	1,535,854
Proceeds from sales of real estate owned	47,085
Net change in loans	-83,890	2,974,304
Additions to premises and equipment	-25,935	-66,411
Net cash provided by investing activities	6,529,332	3,922,450
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	-1,984,414	4,468,339
Net decrease in other borrowings	-4,993,607	-10,497,885
Increase in advance payments by borrowers for taxes and insurance	393,868	426,034
Exercise of stock options	31,300	43,562
Stock repurchase	-31,280	-334,770
Dividends paid - common stock	-141,709	-142,315
Net cash used in financing activities	-6,725,842	-6,037,035
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	17,944	-1,033,407
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	9,611,638	6,098,870
CASH AND CASH EQUIVALENTS, END OF PERIOD	9,629,582	5,065,463
Cash paid during the period for:
Interest on deposits	321,722	398,194
Interest on other borrowings	5,140	3,719
Income taxes paid	$250,000	$70,000

FINANCIAL_STATEMENTS

FINANCIAL STATEMENTS	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
FINANCIAL STATEMENTS	1	FINANCIAL STATEMENTS

	The accompanying interim condensed consolidated financial statements include the accounts of Jacksonville Bancorp, Inc. and its wholly-owned subsidiary, Jacksonville Savings Bank (the “Bank”) and its wholly-owned subsidiary, Financial Resources Group, Inc. collectively (the “Company”). All significant intercompany accounts and transactions have been eliminated.

	In the opinion of management, the preceding unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary 1) for a fair presentation and 2) to make the financial statements not misleading as to the financial condition of the Company as of March 31, 2015, and the results of its operations for the three month periods ended March 31, 2015 and 2014. The results of operations for the three month periods are not necessarily indicative of the results which may be expected for the entire year. The condensed consolidated balance sheet of the Company as of December 31, 2014 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, 2014 filed as an exhibit to the Company’s Form 10-K filed in March, 2015. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP), the requirements of Form 10-Q, and to prevailing practices within the industry.

	Certain amounts included in the 2014 consolidated statements have been reclassified to conform to the 2015 presentation.

NEW_ACCOUNTING_PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2015
Accounting Changes And Error Corrections [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	2	NEW ACCOUNTING PRONOUNCEMENTS

	In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Troubled Debt Restructurings by Creditors (Subtopic 310-40: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure which affects all creditors who obtain physical possession (resulting from an in substance repossession or foreclosure) of residential real estate property collateralizing a consumer mortgage loan in satisfaction of a receivable. The ASU is effective for annual periods, and interim periods within annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material impact on the Company’s Consolidated Financial Statements.

	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The update provides a five-step revenue recognition model for all revenue arising from contracts with customers and affects all entities that enter into contracts to provide goods or services to their customers (unless the contracts are included in the scope of other standards). The guidance requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and must be applied either retrospectively or using the modified retrospective approach. Early adoption is not permitted. In April 2015, the FASB voted to propose a one-year deferral of the effective date of ASU No. 2014-09 and issued an exposure draft. Management is evaluating the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s Consolidated Financial Statements.

	In June 2014, the FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860) – Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. ASU No. 2014-11 aligns the accounting for repurchase to maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. ASU 2014-11 is effective for the first interim or annual period beginning after December 15, 2014. In addition, the disclosure of certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early adoption is prohibited. The Company does not expect the adoption of ASU No. 2014-11 on January 1, 2015 to have a significant impact on its financial statements.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	3	EARNINGS PER SHARE

	Earnings Per Share - Basic earnings per share is determined by dividing net income for the period by the weighted average number of common shares. Diluted earnings per share considers the potential effects of the exercise of outstanding stock options under the Company’s stock option plans.

	The following reflects earnings per share calculations for basic and diluted methods:

			Three Months Ended
			March 31,
			2015		2014

	Net income		$	786,257	$	839,789

	Basic average shares outstanding			1,775,287		1,794,635

	Diluted potential common shares:
	Stock option equivalents			17,080		7,335
	Diluted average shares outstanding			1,792,367		1,801,970

	Basic earnings per share		$	0.44	$	0.47

	Diluted earnings per share		$	0.44	$	0.47

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
STOCK-BASED COMPENSATION	Mar. 31, 2015
Disclosure Of Compensation Related Costs Share based Payments [Abstract]
STOCK-BASED COMPENSATION	4	STOCK BASED COMPENSATION

	In connection with the 2010 second-step conversion and related stock offering, the ESOP purchased an additional 41,614 shares for the exclusive benefit of eligible employees. The ESOP borrowed funds from the Company in an amount sufficient to purchase the 41,614 shares (approximately 4% of the common stock issued in the offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Bank and dividends received by the ESOP, with funds from any contributions on ESOP assets. Contributions will be applied to repay interest on the loan first, and the remainder will be applied to principal. The loan is expected to be repaid over a period of up to 20 years. Shares purchased with the loan proceeds are held in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants. Participants will vest on a pro-rata basis and reach 100% vesting in the accrued benefits under the ESOP after six years. Vesting is accelerated upon retirement, death, or disability of the participant or a change in control of the Bank. Forfeitures will be reallocated to remaining plan participants. Benefits may be payable upon retirement, death, disability, separation from service, or termination of the ESOP. Since the Bank’s annual contributions are discretionary, benefits payable under the ESOP cannot be estimated.

	In the event a terminated ESOP participant desires to sell his or her shares of the Company’s stock, the ESOP includes a put option, which is a right to demand that the Company buy any shares of its stock distributed to participants at fair value.

	The Company is accounting for its ESOP in accordance with ASC Topic 718, “Employers Accounting for Employee Stock Ownership Plans.” Accordingly, the debt of the ESOP is eliminated in consolidation and the shares pledged as collateral are reported as unearned ESOP shares in the consolidated balance sheet. Contributions to the ESOP shall be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from the collateral, the Company reports compensation expense equal to the average market price of the shares for the respective period, and the shares become outstanding for earnings per share computations. Dividends, if any, on unallocated shares are recorded as a reduction of debt and accrued interest.

	A summary of ESOP shares at March 31, 2015 and 2014 is shown below.

			31-Mar-15			31-Mar-14
	Unearned shares			23,845			27,636
	Shares committed for release			573			561
	Allocated shares			58,863			59,352
	Total ESOP shares			83,281			87,549

	Fair value of unearned shares		$	586,032		$	592,137

	On April 24, 2012, the compensation committee of the board of directors approved the awards of 104,035 options to purchase Company common stock. The stock options vest over a five-year period and expire ten years after the date of the grant. Apart from the vesting schedule, there are no performance-based conditions or any other material conditions applicable to the options issued.

	The following table summarizes stock option activity for the three months ended March 31, 2015.

								Weighted
						Weighted		Average
						Average		Remaining		Aggregate
						Exercise		Contractual		Instrinsic
			Options			Price/Share		Life (in years)		Value

	Outstanding, December 31, 2014			85,835		$	15.65
	Granted			-
	Exercised			(2,000	)		15.65
	Forfeited			-			-

	Outstanding, March 31, 2015			83,835		$	15.65		7	$	700,022

	Exercisable, March 31, 2015			21,600		$	15.65		7	$	180,360

	Intrinsic value for stock options is defined as the difference between the current market value and the exercise price. The value is based upon a closing price of $24.00 per share on March 31, 2015.

LOAN_PORTFOLIO_COMPOSITION

LOAN PORTFOLIO COMPOSITION	3 Months Ended
LOAN PORTFOLIO COMPOSITION	Mar. 31, 2015
Receivables [Abstract]
LOAN PORTFOLIO COMPOSITION	5	LOAN PORTFOLIO COMPOSITION

	At March 31, 2015 and December 31, 2014, the composition of the Company’s loan portfolio is shown below.

			31-Mar-15							31-Dec-14
			Amount			Percent				Amount			Percent
	Real estate loans:
	One-to-four family residential		$	44,129,552			23.8	%		$	44,561,089			24.2	%
	Commercial			41,494,647			22.5				40,474,855			21.9
	Agricultural			43,395,717			23.5				40,119,130			21.7
	Home equity			11,478,191			6.2				11,283,264			6.1
	Total real estate loans			140,498,107			76				136,438,338			73.9

	Commercial loans			23,945,542			13				26,813,880			14.5
	Agricultural loans			10,854,507			5.9				11,844,973			6.4
	Consumer loans			12,465,317			6.7				12,587,101			6.8
	Total loans receivable			187,763,473			101.6				187,684,292			101.6

	Less:
	Net deferred loan fees			15,580			0				9,416			0
	Allowance for loan losses			2,970,996			1.6				2,956,264			1.6
	Total loans receivable, net		$	184,776,897			100	%		$	184,718,612			100	%

	The Company believes that sound loans are a necessary and desirable means of employing funds available for investment. Recognizing the Company’s obligations to its depositors and to the communities it serves, authorized personnel are expected to seek to develop and make sound, profitable loans that resources permit and that opportunity affords. The Company maintains lending policies and procedures in place designed to focus lending efforts on the types, locations, and duration of loans most appropriate for the business model and markets. The Company’s principal lending activities include the origination of one-to four-family residential mortgage loans, multi-family loans, commercial real estate loans, agricultural loans, home equity lines of credits, commercial business loans, and consumer loans. The primary lending market includes the Illinois counties of Morgan, Macoupin and Montgomery. Generally, loans are collateralized by assets, primarily real estate, of the borrowers and guaranteed by individuals. The loans are expected to be repaid from cash flows of the borrowers or from proceeds from the sale of selected assets of the borrowers.

	Loan originations are derived from a number of sources such as real estate broker referrals, existing customers, builders, attorneys and walk-in customers. Upon receipt of a loan application, a credit report is obtained to verify specific information relating to the applicant’s employment, income, and credit standing. In the case of a real estate loan, an appraisal of the real estate intended to secure the proposed loan is undertaken by an independent appraiser approved by the Company. A loan application file is first reviewed by a loan officer in the loan department who checks applications for accuracy and completeness, and verifies the information provided. The financial resources of the borrower and the borrower’s credit history, as well as the collateral securing the loan, are considered an integral part of each risk evaluation prior to approval. All residential real estate loans are then verified by our loan risk management department prior to closing. The board of directors has established individual lending authorities for each loan officer by loan type. Loans over an individual officer’s lending limit must be approved by the officers’ loan committee consisting of the chairman of the board, president, chief lending officer and all lending officers, which meets three times a week, and has lending authority up to $750,000 depending on the type of loan. Loans to borrowers with an aggregate principal balance over this limit, up to $1.0 million, must be approved by the directors’ loan committee, which meets weekly and consists of the chairman of the board, president, senior vice president, chief lending officer and at least two outside directors, plus all lending officers as non-voting members. The board of directors approves all loans to borrowers with an aggregate principal balance over $1.0 million. The board of directors ratifies all loans that are originated. Once the loan is approved, the applicant is informed and a closing date is scheduled. Loan commitments are typically funded within 45 days.

	If the loan is approved, the borrower must provide proof of fire and casualty insurance on the property serving as collateral which insurance must be maintained during the full term of the loan; flood insurance is required in certain instances. Title insurance is generally required on loans secured by real property.

	One-to-Four Family Mortgage Loans - Historically, the Bank’s primary lending origination activity has been one-to-four family, owner-occupied, residential mortgage loans secured by property located in the Company’s market area. The Company generates loans through marketing efforts, existing customers and referrals, real estate brokers, builders and local businesses. Generally, one-to-four family loan originations are limited to the financing of loans secured by properties located within the Company’s market area.

	Fixed rate one-to-four family residential mortgage loans are generally conforming loans, underwritten according to secondary market guidelines. The Company generally originates both fixed and adjustable rate mortgage loans in amounts up to the maximum conforming loan limits established by the Federal Housing Finance Agency.

	The Company originates for resale to Freddie Mac and the Federal Home Loan Bank fixed-rate one-to-four family residential mortgage loans with terms of 15 years or more. The fixed-rate mortgage loans amortize monthly with principal and interest due each month. Residential real estate loans often remain outstanding for significantly shorter periods than their contractual terms because borrowers may refinance or prepay loans at their option. The Company offers fixed-rate one-to-four family residential mortgage loans with terms of up to 30 years without prepayment penalty.

	The Company currently offers adjustable-rate mortgage loans for terms ranging up to 30 years. They generally offer adjustable-rate mortgage loans that adjust between one and five years on the anniversary date of origination. Interest rate adjustments are up to two hundred basis points per year, with a cap of up to six hundred basis points on interest rate increases over the life of the loan. In a rising interest rate environment, such rate limitations may prevent adjustable-rate mortgage loans from repricing to market interest rates, which would have an adverse effect on the net interest income. In the low interest rate environment that has existed over the past five years, the adjustable-rate portfolio has repriced downward resulting in lower interest income from this portion of the loan portfolio. In addition, during this period borrowers have shown a preference for fixed-rate loans. The Company has used different interest indices for adjustable-rate mortgage loans in the past such as the average yield on U.S. Treasury securities, adjusted to a constant maturity of one-year, three-years or five-years. The origination of fixed-rate mortgage loans versus adjustable-rate mortgage loans is monitored on an ongoing basis and is affected significantly by the level of market interest rates, customer preference, interest rate risk position and competitors’ loan products.

	Adjustable-rate mortgage loans make the loan portfolio more interest rate sensitive and provide an alternative for those borrowers who meet the underwriting criteria, but are unable to qualify for a fixed-rate mortgage. However, as the interest income earned on adjustable-rate mortgage loans varies with prevailing interest rates, such loans do not offer predictable cash flows in the same manner as long-term, fixed-rate loans. Adjustable-rate mortgage loans carry increased credit risk associated with potentially higher monthly payments by borrowers as general market interest rates increase. It is possible that during periods of rising interest rates that the risk of delinquencies and defaults on adjustable-rate mortgage loans may increase due to the upward adjustment of interest costs to the borrower, resulting in increased loan losses.

	Residential first mortgage loans customarily include due-on-sale clauses, which gives the Company the right to declare a loan immediately due and payable in the event that, among other things, the borrower sells or otherwise disposes of the underlying real property serving as collateral for the loan. Due-on-sale clauses are a means of imposing assumption fees and increasing the interest rate on mortgage portfolio during periods of rising interest rates.

	When underwriting residential real estate loans, the Company reviews and verifies each loan applicant’s income and credit history. Management believes that stability of income and past credit history are integral parts in the underwriting process. Generally, the applicant’s total monthly mortgage payment, including all escrow amounts, is limited to 30% of the applicant’s total monthly income. In addition, total monthly obligations of the applicant, including mortgage payments, generally should not exceed 43% of total monthly income. Written appraisals are generally required on real estate property offered to secure an applicant’s loan. For one-to-four family real estate loans with loan to value ratios of over 80%, private mortgage insurance is generally required. Fire and casualty insurance is also required on all properties securing real estate loans. Title insurance may be required, as circumstances warrant.

	The Company does not offer an “interest only” mortgage loan product on one-to-four family residential properties (where the borrower pays interest for an initial period, after which the loan converts to a fully amortizing loan). They also do not offer loans that provide for negative amortization of principal, such as “Option ARM” loans, where the borrower can pay less than the interest owed on the loan, resulting in an increased principal balance during the life of the loan. The Company does not offer a “subprime loan” program (loans that generally target borrowers with weakened credit histories typically characterized by payment delinquencies, previous charge-offs, judgments, bankruptcies, or borrowers with questionable repayment capacity as evidenced by low credit scores or high debt-burden ratios) or Alt-A loans (traditionally defined as loans having less than full documentation).

	Commercial Real Estate Loans - The Company originates and purchases commercial real estate loans. Commercial real estate loans are secured primarily by improved properties such as multi-family residential, retail facilities and office buildings, restaurants and other non-residential buildings. The maximum loan-to-value ratio for commercial real estate loans originated is generally 80%. Commercial real estate loans are generally written up to terms of five years with adjustable interest rates. The rates are generally tied to the prime rate and generally have a specified floor. Many of the fixed-rate commercial real estate loans are not fully amortizing and therefore require a “balloon” payment at maturity. The Company purchases from time to time commercial real estate loan participations primarily from outside the Company’s market area. All participation loans are approved following a review to ensure that the loan satisfies the underwriting standards.

	Underwriting standards for commercial real estate loans include a determination of the applicant’s credit history and an assessment of the applicant’s ability to meet existing obligations and payments on the proposed loan. The income approach is primarily utilized to determine whether income generated from the applicant’s business or real estate offered as collateral is adequate to repay the loan. There is an emphasis on the ratio of the property’s projected net cash flow to the loan’s debt service requirement (generally requiring a minimum ratio of 120%). In underwriting a loan, the value of the real estate offered as collateral in relation to the proposed loan amount is considered. Generally, the loan amount cannot be greater than 80% of the value of the real estate. Written appraisals are usually obtained from either licensed or certified appraisers on all commercial real estate loans in excess of $250,000. Creditworthiness of the applicant is assessed by reviewing a credit report, financial statements and tax returns of the applicant, as well as obtaining other public records regarding the applicant.

	Loans secured by commercial real estate generally involve a greater degree of credit risk than one-to-four family residential mortgage loans and carry larger loan balances. This increased credit risk is a result of several factors, including the effects of general economic conditions on income producing properties and the successful operation or management of the properties securing the loans. Furthermore, the repayment of loans secured by commercial real estate is typically dependent upon the successful operation of the related business and real estate property. If the cash flow from the project is reduced, the borrower’s ability to repay the loan may be impaired.

	Agricultural Real Estate Loans - The Company originates and purchases agricultural real estate loans. The maximum loan-to-value ratio for agricultural real estate loans we originate is generally 75%. Our agricultural real estate loans are generally written up to terms of five years with adjustable interest rates. The rates are generally tied to the average yield on U.S. Treasury securities, adjusted to a constant maturity of one-year, three-years, or five-years and generally have a specified floor. Many of our fixed-rate agricultural real estate loans are not fully amortizing and therefore require a “balloon” payment at maturity. We purchase from time to time agricultural real estate loan participations primarily from other local institutions within our market area. All participation loans are approved following a review to ensure that the loan satisfies our underwriting standards.

	Underwriting standards for agricultural real estate include a determination of the applicant’s credit history and an assessment of the applicant’s ability to meet existing obligations and payments on the proposed loan. The income approach is primarily utilized to determine whether income generated from the applicant’s farm operation or real estate offered as collateral is adequate to repay the loan. We emphasize the ratio of the property’s projected cash flow to the loan’s debt service requirement (generally requiring a minimum ratio of 120%). In underwriting a loan, we consider the value of the real estate offered as collateral in relation to the proposed loan amount. Generally, the loan amount cannot be greater than 75% of the value of the real estate. We usually obtain written appraisals from either licensed or certified appraisers on all agricultural real estate loans in excess of $250,000. We assess the creditworthiness of the applicant by reviewing a credit report, financial statements and tax returns of the applicant, as well as obtaining other public records regarding the applicant.

	Loans secured by agricultural real estate generally involve a greater degree of credit risk than one-to-four family residential mortgage loans and carry larger loan balances. This increased credit risk is a result of several factors, including the effects of general economic and market conditions on farm operations and the successful operation or management of the properties securing the loans. The repayment of loans secured by agricultural estate is typically dependent upon the successful operation of the farm and real estate property. If the cash flow is reduced, the borrower’s ability to repay the loan may be impaired.

	Home Equity Loans – The Company originates home equity loans and lines of credit, which are generally secured by the borrower’s principal residence. The maximum amount of a home equity loan or line of credit is generally 95% of the appraised value of a borrower’s real estate collateral less the amount of any existing mortgages or related liabilities. Home equity loans and lines of credit are approved with both fixed and adjustable interest rates which we determine based upon market conditions. Such loans may be fully amortized over the life of the loan or have a balloon feature. Generally, the maximum term for home equity loans is 10 years.

	Underwriting standards for home equity loans include a determination of the applicant’s credit history and an assessment of the applicant’s ability to meet existing obligations and payments on the proposed loan. The stability of the applicant’s monthly income may be determined by verification of gross monthly income from primary employment, and additionally from any verifiable secondary income. We also consider the length of employment with the borrower’s present employer as well as the amount of time the borrower has lived in the local area. Creditworthiness of the applicant is of primary consideration; however, the underwriting process also includes a comparison of the value of the collateral in relation to the proposed loan amount.

	Home equity loans entail greater risks than one-to-four family residential mortgage loans, which are secured by first lien mortgages. In such cases, collateral repossessed after a default may not provide an adequate source of repayment of the outstanding loan balance because of damage or depreciation in the value of the property or loss of equity to the first lien position. Further, home equity loan payments are dependent on the borrower’s continuing financial stability, and therefore are more likely to be adversely affected by job loss, divorce, illness or personal bankruptcy. Finally, the application of various Federal and state laws, including Federal and state bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans in the event of a default.

	Commercial Business Loans - The Company originates commercial business loans to borrowers located in the Company’s market area which are secured by collateral other than real estate or which can be unsecured. Commercial business loan participations are also purchased from other lenders, which may be made to borrowers outside the Company’s market area. Commercial business loans are generally secured by equipment and inventory and generally are offered with adjustable rates tied to the prime rate or the average yield on U.S. Treasury securities, adjusted to a constant maturity of either one-year, three-years or five-years and various terms of maturity generally from three years to five years. Unsecured business loans are originated on a limited basis in those instances where the applicant’s financial strength and creditworthiness has been established. Commercial business loans generally bear higher interest rates than residential loans, but they also may involve a higher risk of default since their repayment is generally dependent on the successful operation of the borrower’s business. Personal guarantees are generally obtained from the borrower or a third party as a condition to originating its business loans.

Underwriting standards for commercial and agricultural business loans include a determination of the applicant’s ability to meet existing obligations and payments on the proposed loan from normal cash flows generated in the applicant’s business. The financial strength of each applicant is assessed through the review of financial statements and tax returns provided by the applicant. The creditworthiness of an applicant is derived from a review of credit reports as well as a search of public records. Business loans are periodically reviewed following origination. Financial statements are requested at least annually and review them for substantial deviations or changes that might affect repayment of the loan. Loan officers also visit the premises of borrowers to observe the business premises, facilities, and personnel and to inspect the pledged collateral. Underwriting standards for business loans are different for each type of loan depending on the financial strength of the applicant and the value of collateral offered as security.

Agricultural Business Loans - The Company originates agricultural business loans to borrowers located in our market area which are secured by collateral other than real estate or which can be unsecured. Agricultural business loans are generally secured by equipment and blanket security agreements on all farm assets. These loans are generally offered with fixed rates with terms up to five years. Agricultural business loans generally bear lower interest rates than residential loans due to competitive market pressures. The repayment of agricultural business loans is generally dependent on the successful operation of the farm operation. Personal guarantees are generally obtained from the borrower as a condition to originating agricultural business loans.

Underwriting standards for agricultural business loans include a determination of the applicant’s ability to meet existing obligations and payments on the proposed loan from normal cash flows generated in the applicant’s business. The financial strength of each applicant is assessed through the review of financial statements, pro-forma cash flow statements, and tax returns provided by the applicant. The creditworthiness of an applicant is derived from a review of credit reports as well as a search of public records. Financial statements are requested at least annually and reviewed for substantial deviations or changes that might affect repayment of the loan. Loan officers may also visit the premises of borrowers to observe the operation, facilities, equipment, and personnel and to inspect the pledged collateral. Underwriting standards for agricultural business loans are different for each type of loan depending on the financial strength of the applicant and the value of collateral offered as security.

The repayment of agricultural business loans generally is dependent on the successful operation of a farm and can be adversely affected by fluctuations in crop prices, increase in interest rates, and changes in weather conditions. These developments may result in smaller harvests and less income for farmers which may adversely affect such borrower’s ability to repay a loan, and potentially result in an increase in the level of problem loans and loan losses in our agricultural portfolio. While not required, the majority of our agricultural business loans are covered by crop insurance, which provides protection against loss due to lower crop yields as a result of unfavorable weather conditions.

Consumer Loans – The Company originates consumer loans, including automobile loans, loans secured by deposit accounts, unsecured loans and mobile home loans. Consumer loans are generally offered on a fixed-rate basis. Automobile loans are offered with maturities of up to 60 months for new automobiles. Loans secured by used automobiles will have maximum terms which vary depending upon the age of the automobile. Automobile loans are generally originated with a loan-to-value ratio below the greater of 80% of the purchase price or 100% of NADA loan value. The loan-to-value ratio may be greater or less depending on the borrower’s credit history, debt to income ratio, home ownership and other banking relationships with us.

Underwriting standards for consumer loans include a determination of the applicant’s credit history and an assessment of the applicant’s ability to meet existing obligations and payments on the proposed loan. The stability of the applicant’s monthly income may be determined by verification of gross monthly income from primary employment, and additionally from any verifiable secondary income. We also consider the length of employment with the borrower’s present employer as well as the amount of time the borrower has lived in the local area. Creditworthiness of the applicant is of primary consideration; however, the underwriting process also includes a comparison of the value of the collateral in relation to the proposed loan amount.

Consumer loans entail greater risks than one-to-four family residential mortgage loans, particularly consumer loans secured by rapidly depreciating assets such as automobiles or loans that are unsecured. In such cases, collateral repossessed after a default may not provide an adequate source of repayment of the outstanding loan balance because of damage, loss or depreciation. Further, consumer loan payments are dependent on the borrower’s continuing financial stability, and therefore are more likely to be adversely affected by job loss, divorce, illness or personal bankruptcy. Such events would increase our risk of loss on unsecured loans. Finally, the application of various Federal and state laws, including Federal and state bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans in the event of a default.

The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of and for the periods ended March 31, 2015, March 31, 2014, and December 31, 2014.

		31-Mar-15
					Commercial				Agricultural
		1-4 Family			Real Estate				Real Estate			Home Equity				Commercial			Agricultural			Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance,
December 31, 2014		$	999,260		$	855,463			$	195,546		$	205,577			$	421,809		$	57,934		$	167,319		$	53,356		$	2,956,264
Provision charged to
expense			32,739			(37,210	)			16,505			(52,423	)			(20,663	)		58,595			(1,669	)		34,126			30,000
Losses charged off			-			(27,464	)			-			-				-			-			(6,430	)		-			(33,894	)
Recoveries			300			8,745				-			9,013				85			-			483			-			18,626
Ending balance,
March 31, 2015		$	1,032,299		$	799,534			$	212,051		$	162,167			$	401,231		$	116,529		$	159,703		$	87,482		$	2,970,996

Ending balance:
individually evaluated
for impairment		$	207,554		$	359,054			$	-		$	9,982			$	165,190		$	-		$	-		$	-		$	741,780
Ending balance:
collectively evaluated
for impairment		$	824,745		$	440,480			$	212,051		$	152,185			$	236,041		$	116,529		$	159,703		$	87,482		$	2,229,216

Loans:
Ending balance		$	44,129,552		$	41,494,647			$	43,395,717		$	11,478,191			$	23,945,542		$	10,854,507		$	12,465,317		$	-		$	187,763,473
Ending balance:
individually evaluated
for impairment		$	698,555		$	1,975,380			$	985,606		$	57,163			$	469,036		$	272,021		$	8,124		$	-		$	4,465,885
Ending balance:
collectively evaluated
for impairment		$	43,430,997		$	39,519,267			$	42,410,111		$	11,421,028			$	23,476,506		$	10,582,486		$	12,457,193		$	-		$	183,297,588

		31-Mar-14
					Commercial				Agricultural
		1-4 Family			Real Estate				Real Estate			Home Equity				Commercial			Agricultural			Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance,
December 31, 2013		$	856,144		$	745,760			$	175,028		$	201,993			$	1,034,189		$	52,798		$	184,848		$	155,674		$	3,406,434
Provision charged to
expense			206,026			32,275				3,826			(4,123	)			(199,259	)		(9,148	)		20,381			(19,978	)		30,000
Losses charged off			(63,474	)		-				-			-				-			-			(5,503	)		-			(68,977	)
Recoveries			300			-				-			525				-			-			200			-			1,025
Ending balance,
March 31, 2014		$	998,996		$	778,035			$	178,854		$	198,395			$	834,930		$	43,650		$	199,926		$	135,696		$	3,368,482

Ending balance:
individually evaluated
for impairment		$	126,104		$	257,427			$	-		$	-			$	537,946		$	-		$	11,689		$	-		$	933,166
Ending balance:
collectively evaluated
for impairment		$	872,892		$	520,608			$	178,854		$	198,395			$	296,984		$	43,650		$	188,237		$	135,696		$	2,435,316

Loans:
Ending balance		$	43,246,083		$	38,778,453			$	35,897,025		$	11,241,048			$	29,435,402		$	8,730,075		$	13,693,296		$	-		$	181,021,382
Ending balance:
individually evaluated
for impairment		$	549,565		$	1,863,091			$	126,323		$	26,924			$	873,113		$	-		$	110,935		$	-		$	3,549,951
Ending balance:
collectively evaluated
for impairment		$	42,696,518		$	36,915,362			$	35,770,702		$	11,214,124			$	28,562,289		$	8,730,075		$	13,582,361		$	-		$	177,471,431

		31-Dec-14
					Commercial				Agricultural
		1-4 Family			Real Estate				Real Estate			Home Equity				Commercial			Agricultural			Consumer			Unallocated			Total
Allowance for Loan Losses:
Beginning Balance,
December 31, 2013		$	856,144		$	745,760			$	175,028		$	201,993			$	1,034,189		$	52,798		$	184,848		$	155,674		$	3,406,434
Provision charged to
expense			241,875			392,009				20,518			5,887				(327,057	)		5,136			3,950			(102,318	)		240,000
Losses charged off			(100,319	)		(287,474	)			-			(5,403	)			(285,411	)		-			(25,781	)		-			(704,388	)
Recoveries			1,560			5,168				-			3,100				88			-			4,302			-			14,218
Ending balance,
December 31, 2014		$	999,260		$	855,463			$	195,546		$	205,577			$	421,809		$	57,934		$	167,319		$	53,356		$	2,956,264

Ending balance:
individually evaluated
for impairment		$	183,196		$	348,240			$	-		$	9,982			$	154,089		$	-		$	-		$	-		$	695,507
Ending balance:
collectively evaluated
for impairment		$	816,064		$	507,223			$	195,546		$	195,595			$	267,720		$	57,934		$	167,319		$	53,356		$	2,260,757

Loans:
Ending balance		$	44,561,089		$	40,474,855			$	40,119,130		$	11,283,264			$	26,813,880		$	11,844,973		$	12,587,101		$	-		$	187,684,292
Ending balance:
individually evaluated
for impairment		$	713,962		$	1,690,251			$	1,009,889		$	37,531			$	240,805		$	258,140		$	8,469		$	-		$	3,959,047
Ending balance:
collectively evaluated
for impairment		$	43,847,127		$	38,784,604			$	39,109,241		$	11,245,733			$	26,573,075		$	11,586,833		$	12,578,632		$	-		$	183,725,245

Management’s opinion as to the ultimate collectability of loans is subject to estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers.

The allowance for loan losses is maintained at a level that, in management’s judgment, is adequate to cover probable credit losses inherent in the loan portfolio at the balance sheet date. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan.

A loan is considered impaired when, based on current information and events, it is probable that the scheduled payments of principal or interest will not be able to be collected when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and agricultural loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent.

Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, individual consumer and residential loans are not separately identified for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.

The general component covers non-classified loans and is based on historical charge-off experience and expected loss given the internal risk rating process. The loan portfolio is stratified into homogeneous groups of loans that possess similar loss characteristics and an appropriate loss ratio adjusted for other qualitative factors is applied to the homogeneous pools of loans to estimate the incurred losses in the loan portfolio.

There have been no changes to the Company’s accounting policies or methodology from the prior periods.

Credit Quality Indicators

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on all loans at origination. In addition, lending relationships over $750,000, new commercial and commercial real estate loans, and watch list credits are reviewed annually by our loan review department in order to verify risk ratings. All watch list credits are reviewed by management and reported to the Board monthly. The Company uses the following definitions for risk ratings:

Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the foregoing are considered to be Pass rated loans.

The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2015 and December 31, 2014.

		1-4 Family							Commercial Real Estate							Agricultural Real Estate						Home Equity
		March 31,			December 31,				March 31,			December 31,				March 31,			December 31,			March 31,			December 31,
		2015			2014				2015			2014				2015			2014			2015			2014
Rating:
Pass		$	39,949,213		$	41,530,699			$	38,726,813		$	38,122,972			$	42,410,112		$	39,109,241		$	11,035,440		$	10,833,853
Special Mention			1,638,342			655,049				225,187			53,750				862,764			887,048			161,586			162,103
Substandard			2,541,997			2,375,341				2,542,647			2,298,133				122,841			122,841			281,165			287,308
Total		$	44,129,552		$	44,561,089			$	41,494,647		$	40,474,855			$	43,395,717		$	40,119,130		$	11,478,191		$	11,283,264

		Commercial							Agricultural							Consumer						Total
		March 31,			December 31,				March 31,			December 31,				March 31,			December 31,			March 31,			December 31,
		2015			2014				2015			2014				2015			2014			2015			2014
Rating:
Pass		$	23,468,003		$	26,563,823			$	10,172,058		$	11,586,833			$	12,271,936		$	12,386,412		$	178,033,575		$	180,133,833
Special Mention			-			-				682,449			258,140				65,900			80,544			3,636,228			2,096,634
Substandard			477,539			250,057				-			-				127,481			120,145			6,093,670			5,453,825
Total		$	23,945,542		$	26,813,880			$	10,854,507		$	11,844,973			$	12,465,317		$	12,587,101		$	187,763,473		$	187,684,292

The following tables present the Company’s loan portfolio aging analysis as of March 31, 2015 and December 31, 2014.

		31-Mar-15
		30-59 Days			60-89 Days				Greater than 90			Total										Total Loans >90
		Past Due			Past Due				Days Past Due			Past Due				Current			Total Loans			Days & Accruing

One-to-four family residential		$	263,796		$	50,113			$	870,830		$	1,184,739			$	42,944,813		$	44,129,552		$	-
Commercial real estate			-			-				797,921			797,921				40,696,726			41,494,647			-
Agricultural real estate			-			-				122,841			122,841				43,272,876			43,395,717			-
Home equity			89,119			4,119				25,846			119,084				11,359,107			11,478,191			-
Commercial			-			-				-			-				23,945,542			23,945,542			-
Agricultural			-			-				-			-				10,854,507			10,854,507			-
Consumer			37,207			71,139				16,851			125,197				12,340,120			12,465,317			-
Total		$	390,122		$	125,371			$	1,834,289		$	2,349,782			$	185,413,691		$	187,763,473		$	-


		31-Dec-14
		30-59 Days			60-89 Days				Greater than 90			Total										Total Loans >90
		Past Due			Past Due				Days Past Due			Past Due				Current			Total Loans			Days & Accruing

One-to-four family residential		$	420,086		$	286,622			$	613,534		$	1,320,242			$	43,240,847		$	44,561,089		$	-
Commercial real estate			-			794,110				39,023			833,133				39,641,722			40,474,855			-
Agricultural real estate			-			-				122,841			122,841				39,996,289			40,119,130			-
Home equity			96,971			11,561				58,360			166,892				11,116,372			11,283,264			-
Commercial			-			-				-			-				26,813,880			26,813,880			-
Agricultural			-			-				-			-				11,844,973			11,844,973			-
Consumer			90,558			5,531				16,560			112,649				12,474,452			12,587,101			-
Total		$	607,615		$	1,097,824			$	850,318		$	2,555,757			$	185,128,535		$	187,684,292		$	-

The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual or charged-off at an earlier date if collection of principal and interest is considered doubtful.

All interest accrued but not collected for loans that are placed on non-accrual or charged-off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The Company actively seeks to reduce its investment in impaired loans. The primary tools to work through impaired loans are settlement with the borrowers or guarantors, foreclosure of the underlying collateral, or restructuring.

The Company will restructure loans when the borrower demonstrates the inability to comply with the terms of the loan, but can demonstrate the ability to meet acceptable restructured terms. Restructurings generally include one or more of the following restructuring options; reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance, or other actions intended to maximize collection. Restructured loans in compliance with modified terms are classified as impaired.

The following tables present impaired loans at or for the three months ended March 31, 2015 and 2014 and for the year ended December 31, 2014.

		Three Months Ended March 31, 2015
												Average							Interest
					Unpaid							Impairment in				Interest			Income
		Recorded			Principal				Specific			Impaired				Income			Recognized
		Balance			Balance				Allowance			Loans				Recognized			Cash Basis
Loans without a specific allowance:
One-to-four family residential		$	125,019		$	125,019			$	-		$	214,838			$	3,105		$	2,863
Commercial real estate			854,026			854,026				-			887,087				10,983			7,531
Agricultural real estate			985,606			985,606				-			998,835				13,875			30,345
Commercial			237,590			237,590				-			289,166				3,209			-
Agricultural			272,021			272,021				-			311,499				2,762			14,573
Home equity			47,181			47,181				-			38,916				795			793
Consumer			8,124			8,124				-			8,858				170			30
Loans with a specific allowance:
One-to-four family residential			573,536			573,536				207,554			582,275				10,868			9,060
Commercial real estate			1,121,354			1,121,354				359,054			1,123,872				16,764			5,040
Commercial			231,446			231,446				165,190			283,538				3,207			12,667
Home equity			9,982			9,982				9,982			9,982				175			181
Total:
One-to-four family residential			698,555			698,555				207,554			797,113				13,973			11,923
Commercial real estate			1,975,380			1,975,380				359,054			2,010,959				27,747			12,571
Agricultural real estate			985,606			985,606				-			998,835				13,875			30,345
Commercial			469,036			469,036				165,190			572,704				6,416			12,667
Agricultural			272,021			272,021				-			311,499				2,762			14,573
Home equity			57,163			57,163				9,982			48,898				970			974
Consumer			8,124			8,124				-			8,858				170			30
Total		$	4,465,885		$	4,465,885			$	741,780		$	4,748,866			$	65,913		$	83,083


		Three Months Ended March 31, 2014
												Average							Interest
					Unpaid							Impairment in				Interest			Income
		Recorded			Principal				Specific			Impaired				Income			Recognized
		Balance			Balance				Allowance			Loans				Recognized			Cash Basis
Loans without a specific allowance:
One-to-four family residential		$	143,159		$	143,159			$	-		$	223,902			$	3,244		$	3,494
Commercial real estate			452,080			452,080				-			476,167				5,510			1,182
Agricultural real estate			126,323			126,323				-			127,166				3,100			843
Commercial			290,000			290,000				-			319,109				3,541			1,008
Home equity			26,924			26,924				-			30,851				718			798
Consumer			13,521			13,521				-			14,542				276			316
Loans with a specific allowance:
One-to-four family residential			406,406			406,406				126,104			410,611				5,929			4,655
Commercial real estate			1,411,011			1,411,011				257,427			1,447,978				21,174			20,948
Commercial			583,113			583,113				537,946			650,046				7,856			7,918
Consumer			97,414			97,414				11,689			97,414				958			-
Total:
One-to-four family residential			549,565			549,565				126,104			634,513				9,174			8,149
Commercial real estate			1,863,091			1,863,091				257,427			1,924,145				26,684			22,130
Agricultural real estate			126,323			126,323				-			127,166				3,100			843
Commercial			873,113			873,113				537,946			969,155				11,397			8,926
Home equity			26,924			26,924				-			30,851				718			798
Consumer			110,935			110,935				11,689			111,956				1,235			316
Total		$	3,549,951		$	3,549,951			$	933,166		$	3,797,786			$	52,308		$	41,162


		Year Ended December 31, 2014
												Average							Interest
					Unpaid							Impairment in				Interest			Income
		Recorded			Principal				Specific			Impaired				Income			Recognized
		Balance			Balance				Allowance			Loans				Recognized			Cash Basis
Loans without a specific allowance:
One-to-four family residential		$	129,272		$	129,272			$	-		$	220,541			$	12,818		$	13,076
Commercial real estate			564,610			564,610				-			757,616				19,826			18,816
Agricultural real estate			1,009,889			1,009,889				-			1,037,661				58,253			149,159
Agricultural business			258,140			258,140				-			358,529				13,723			1,046
Home equity			27,549			27,549				-			29,505				2,881			2,939
Consumer			8,469			8,469				-			12,285				951			964
Loans with a specific allowance:
One-to-four family residential			584,690			584,690				183,196			604,031				28,722			26,783
Commercial real estate			1,125,641			1,125,641				348,240			1,134,401				66,864			60,012
Commercial			240,805			240,805				154,089			319,812				14,425			16,554
Home equity			9,982			9,982				9,982			9,993				247			187
Total:
One-to-four family residential			713,962			713,962				183,196			824,572				41,540			39,859
Commercial real estate			1,690,251			1,690,251				348,240			1,892,017				86,690			78,828
Agricultural real estate			1,009,889			1,009,889				-			1,037,661				58,253			49,159
Commercial			240,805			240,805				154,089			319,812				14,425			16,554
Agricultural business			258,140			258,140				-			358,529				13,723			1,046
Home equity			37,531			37,531				9,982			39,498				3,128			3,126
Consumer			8,469			8,469				-			12,285				951			964
Total		$	3,959,047		$	3,959,047			$	695,507		$	4,484,374			$	218,710		$	189,536

Included in certain loan categories in the impaired loans are troubled debt restructurings (TDRs), where economic concessions have been granted to borrowers who have experienced financial difficulties, that were classified as impaired. These concessions typically include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. TDRs are considered impaired at the time of restructuring and typically are returned to accrual status after considering the borrower’s sustained repayment performance for a reasonable period of time, usually at least six months.

When loans are modified into a TDR, the Company evaluates any possible impairment similar to other impaired loans based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or based upon on the current fair value of the collateral, less selling costs for collateral dependent loans. If the Company determined that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, the Company evaluates all TDR’s, including those that have payment defaults, for possible impairment and recognizes impairment through the allowance.

The following table presents the recorded balance, at original cost, of TDRs, as of March 31, 2015 and December 31, 2014.

		31-Mar-15			31-Dec-14

One-to-four family residential		$	761,616		$	747,470
Commercial real estate			1,153,266			1,265,079
Agricultural real estate			-			-
Home equity			14,898			15,379
Commercial loans			203,162			212,579
Agricultural loans			-			-
Consumer loans			42,883			42,786

Total		$	2,175,825		$	2,283,293

The following table presents the recorded balance, at original cost, of TDRs, which were performing according to the terms of the restructuring, as of March 31, 2015 and December 31, 2014.

		31-Mar-15			31-Dec-14

One-to-four family residential		$	558,038		$	567,931
Commercial real estate			359,156			470,969
Agricultural real estate			-			-
Home equity			11,660			12,074
Commercial loans			203,162			212,579
Agricultural loans			-			-
Consumer loans			42,883			42,786

Total		$	1,174,899		$	1,306,339

The following table presents loans modified as TDRs during the three months ended March 31, 2015 and 2014.

		Three Months Ended							Three Months Ended
		31-Mar-15							31-Mar-14
		Number of			Recorded				Number of			Recorded
		Modifications			Investment				Modifications			Investment

One-to-four family residential			1		$	107,357				-		$	-
Commercial real estate			-			-				-			-
Agricultural real estate			-			-				-			-
Home equity			-			-				-			-
Commercial loans			-			-				-			-
Agricultural loans			-			-				-			-
Consumer loans			1			2,469				1			19,582

Total			2		$	109,826				1		$	19,582

First Quarter, 2015 Modifications

The Company modified one residential real estate loan with a recorded investment of $107,357. The modification was made to consolidate and restructure delinquent loans into a workout. The modification did not result in a write-off of the principal balance.

The Company modified one consumer loan with a recorded investment of $2,469. The modification was made to extend the payment schedule three months. The modification did not result in a write-off of the principal balance.

Management considers the level of defaults within the various portfolios when evaluating qualitative adjustments used to determine the adequacy of the allowance for loan losses. During the three month period ended March 31, 2015, three residential real estate loans of $203,578, one commercial real estate loan of $794,110, and one home equity loan of $3,238 that were considered TDRs defaulted as they were more than 90 days past due at March 31, 2015. Default occurs when a loan is 90 days or more past due, transferred to nonaccrual or charged-off, and is within twelve months of restructuring.

First Quarter, 2014 Modifications

The Company modified one consumer loan with a recorded investment of $19,582. The modification was made to change the payment schedule to interest-only for three months. The modification did not result in a write-off of the principal balance.

Management considers the level of defaults within the various portfolios when evaluating qualitative adjustments used to determine the adequacy of the allowance for loan losses. During the three month period ended March 31, 2014, two residential real estate loans of $69,918 and one home equity loan of $4,027 that were considered TDRs defaulted as they were more than 90 days past due at March 31, 2014. Default occurs when a loan is 90 days or more past due, transferred to nonaccrual or charged-off, and is within twelve months of restructuring.

The following table presents the Company’s nonaccrual loans at March 31, 2015 and December 31, 2014. This table excludes performing TDRs.

		31-Mar-15			31-Dec-14

One-to-four family residential		$	1,285,974		$	994,855
Commercial real estate			890,909			932,578
Agricultural real estate			122,841			122,841
Home equity			103,377			120,698
Commercial loans			19,682			22,438
Agricultural loans			-			-
Consumer loans			92,660			70,643

Total		$	2,515,443		$	2,264,053

INVESTMENTS

INVESTMENTS	3 Months Ended
INVESTMENTS	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	6	INVESTMENTS

	The amortized cost and approximate fair value of securities, all of which are classified as available-for-sale, are as follows:

							Gross			Gross
			Amortized				Unrealized			Unrealized
			Cost				Gains			Losses				Fair Value
	March 31, 2015:
	U.S. government and agencies		$	12,877,852			$	112,943		$	(44,375	)		$	12,946,420
	Mortgage-backed securities (government-			34,680,250				526,641			(64,086	)			35,142,805
	sponsored enterprises - residential)			34,680,250				526,641			(64,086	)			35,142,805
	Municipal bonds			40,188,477				1,522,522			(229,674	)			41,481,325
			$	87,746,579			$	2,162,106		$	(338,135	)		$	89,570,550

	December 31, 2014:
	U.S. government and agencies		$	10,031,683			$	65,328		$	(138,738	)		$	9,958,273
	Mortgage-backed securities (government-
	sponsored enterprises - residential)			41,196,695				433,757			(210,531	)			41,419,921
	Municipal bonds			44,378,515				1,457,977			(529,789	)			45,306,703
			$	95,606,893			$	1,957,062		$	(879,058	)		$	96,684,897

	The amortized cost and fair value of available-for-sale securities at March 31, 2015, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

			Amortized				Fair
			Cost				Value
	Within one year		$	1,035,486			$	1,052,024
	More than one to five years			8,058,306				8,360,658
	More than five to ten years			27,557,064				28,257,133
	After ten years			16,415,473				16,757,930
				53,066,329				54,427,745
	Mortgage-backed securities (government-
	sponsored enterprises - residential)			34,680,250				35,142,805
			$	87,746,579			$	89,570,550

	The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $20,423,000 at March 31, 2015 and $21,122,000 at December 31, 2014.

	The book value of securities sold under agreement to repurchase amounted to $7,167,000 at March 31, 2015 and $9,165,000 at December 31, 2014.

	Gross gains of $165,000 and $120,000 and gross losses of $32,000 and $20,000 resulting from sales of available-for-sale securities were realized during the three months ended March 31, 2015 and 2014, respectively.

	Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at March 31, 2015 and December 31, 2014 were $24,964,000, and $40,587,000, respectively, which were approximately 28% and 42% of the Company’s available-for-sale investment portfolio.

	Management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified.

	The following table shows the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at March 31, 2015 and December 31, 2014.

			Less Than Twelve Months							Twelve Months or More							Total
			Gross							Gross							Gross
			Unrealized				Fair			Unrealized				Fair			Unrealized				Fair
	31-Mar-15		Losses				Value			Losses				Value			Losses				Value

	U.S. government agencies		$	(6,274	)		$	2,291,667		$	(38,101	)		$	1,970,912		$	(44,375	)		$	4,262,579
	Mortgage-backed securities
	(government sponsored
	enterprises - residential)			(9,402	)			2,087,500			(54,684	)			7,270,637			(64,086	)			9,358,137
	Municipal bonds			(50,173	)			4,760,817			(179,501	)			6,582,462			(229,674	)			11,343,279

	Total		$	(65,849	)		$	9,139,984		$	(272,286	)		$	15,824,011		$	(338,135	)		$	24,963,995

			Less Than Twelve Months							Twelve Months or More							Total
			Gross							Gross							Gross
			Unrealized				Fair			Unrealized				Fair			Unrealized				Fair
	31-Dec-14		Losses				Value			Losses				Value			Losses				Value

U.S. government agencies		$	(28,208	)		$	2,955,829		$	(110,530	)		$	3,949,940		$	(138,738	)		$	6,905,769
Mortgage-backed securities
(government sponsored
enterprises - residential)			(13,358	)			2,061,203			(197,173	)			13,725,099			(210,531	)			15,786,302
Municipal bonds			(44,654	)			3,953,168			(485,135	)			13,942,169			(529,789	)			17,895,337

Total		$	(86,220	)		$	8,970,200		$	(792,838	)		$	31,617,208		$	(879,058	)		$	40,587,408

The unrealized losses on the Company’s investments in municipal bonds, U.S. government and agencies, and mortgage-backed securities were caused by interest rate increases. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2015 and December 31, 2014.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME	Mar. 31, 2015
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	7	ACCUMULATED OTHER COMPREHENSIVE INCOME

	The components of accumulated other comprehensive income, included in stockholders’ equity, are as follows:

			31-Mar-15			31-Dec-14
	Net unrealized gain on securities available-for-sale		$	1,823,971		$	1,078,004
	Tax effect			(620,150	)		(366,521	)
	Net-of-tax amount		$	1,203,821		$	711,483

CHANGES_IN_ACCUMULATED_OTHER_C

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT	3 Months Ended
	Mar. 31, 2015
Changes In Accumulated Other Comprehensive Income (Aoci) By Component [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT	8	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT

	Amounts reclassified from AOCI and the affected line items in the statements of income during the three months ended March 31, 2015 and 2014, were as follows:

			Amounts Reclassified
			from AOCI
									Affected Line Item in the
			31-Mar-15			31-Mar-14			Statements of Income
	Unrealized gains on securities available-for-sale								Net realized gains on sales of
	securities		$	133,216		$	99,855		available-for-sale securities
				133,216			99,855
	Tax effect			(45,293	)		(33,951	)	Income taxes
	Total reclassification out of AOCI		$	87,923		$	65,904		Net reclassified amount

DISCLOSURES_ABOUT_FAIR_VALUE_O

DISCLOSURES ABOUT FAIR VALUE OF ASSETS	3 Months Ended
DISCLOSURES ABOUT FAIR VALUE OF ASSETS	Mar. 31, 2015
Fair Value Disclosures [Abstract]
DISCLOSURES ABOUT FAIR VALUE OF ASSETS	9	DISCLOSURES ABOUT FAIR VALUE OF ASSETS

	Fair value is the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value:

		Level 1	Quoted prices in active markets for identical assets.

		Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets.

		Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets.

	Recurring Measurements
	The following table presents the fair value measurements of assets recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2015 and December 31, 2014:




							31-Mar-15
							Fair Value Measurements Using
							Quoted Prices				Significant			Significant
							in Active				Other			Unobservable
							Markets for				Observable			Inputs
							Identical				Inputs
							Assets
			Fair Value				(Level 1)				(Level 2)			(Level 3)
	U.S. Government and
	agencies		$	12,946,420			$	-			$	12,946,420		$	-
	Mortgage-backed securities
	(Government sponsored
	enterprises - residential)			35,142,805				-				35,142,805			-
	Municipal bonds			41,481,325				-				41,481,325			-


							31-Dec-14
							Fair Value Measurements Using
							Quoted Prices				Significant			Significant
							in Active				Other			Unobservable
							Markets for				Observable			Inputs
							Identical				Inputs
							Assets
			Fair Value				(Level 1)				(Level 2)			(Level 3)
	U.S. Government and
	agencies		$	9,958,273			$	-			$	9,958,273		$	-
	Mortgage-backed securities
	(Government sponsored
	enterprises - residential)			41,419,921				-				41,419,921			-
	Municipal bonds			45,306,703				-				45,306,703			-


	Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the three months ended March 31, 2015.

	Available-for-Sale Securities - Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based on independently sourced market perspectives, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy.

	Nonrecurring Measurements
	The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2015 and December 31, 2014:

							31-Mar-15
							Fair Value Measurements Using
							Quoted Prices				Significant			Significant
							in Active				Other			Unobservable
							Markets for				Observable			Inputs
							Identical				Inputs
							Assets
			Fair Value				(Level 1)				(Level 2)			(Level 3)
	Impaired loans
(collateral dependent)		$	510,908			$	-			$	-		$	510,908
Foreclosed assets			113,880				-				-			113,880
						December 31, 2014
						Fair Value Measurements Using
						Quoted Prices				Significant			Significant
						in Active				Other			Unobservable
						Markets for				Observable			Inputs
						Identical				Inputs
						Assets
		Fair Value				(Level 1)				(Level 2)			(Level 3)
Impaired loans
(collateral dependent)		$	1,147,400			$	-			$	-		$	1,147,400

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

Impaired Loans (Collateral Dependent) - The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy.

The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral.

Foreclosed Assets – Foreclosed assets are carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the real estate is acquired. Estimated fair value of foreclosed assets is based on appraisals or evaluations. Foreclosed assets are classified within Level 3 of the fair value hierarchy.

Appraisals of foreclosed assets are obtained when the real estate is acquired and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency. Appraisers are selected from the list of approved appraisers maintained by management.

Mortgage Servicing Rights – Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models having significant inputs of discount rate, prepayment speed and default rate. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy.

Mortgage servicing rights are tested for impairment on at least an annual basis. The Company uses a third-party to measure mortgage servicing rights through the completion of a proprietary model. Inputs to the model are reviewed by the Company.

Unobservable (Level 3) Inputs
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

		Fair Value at			Valuation		Unobservable Inputs		Range (Weighted
		3/31/15			Technique		Unobservable Inputs		Average)

Collateral-dependent			510,908		Market comparable properties		Marketability discount			20% – 30%	(25%)
impaired loans			510,908		Market comparable properties		Marketability discount			20% – 30%	(25%)
Foreclosed assets			113,880		Market comparable		Comparability				(6%)
Foreclosed assets			113,880		Properties		Adjustment				(6%)

		Fair Value at			Valuation		Unobservable Inputs		Range (Weighted
		12/31/14			Technique		Unobservable Inputs		Average)

Collateral-dependent			1,147,400		Market comparable properties		Marketability discount			20% – 30%	(25%)
impaired loans			1,147,400		Market comparable properties		Marketability discount			20% – 30%	(25%)


Fair Value of Financial Instruments
The following table presents estimated fair values of the Company’s other financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2015 and December 31, 2014:

						31-Mar-15
						Fair Value Measurements Using
		Carrying				Quoted Prices				Significant			Significant
						in Active				Other			Unobservable
						Markets for				Observable			Inputs
						Identical Assets				Inputs
		Amount				(Level 1)				(Level 2)			(Level 3)
Financial Assets
Cash and cash equivalents		$	9,629,582			$	9,629,582			$	-		$	-
Interest-earning time deposits in banks			1,233,000				1,233,000				-			-
Other investments			72,466				-				72,466			-
Loans held for sale			881,178				-				881,178			-
Loans, net of allowance for loan losses			184,776,897				-				-			184,561,769
Federal Home Loan Bank stock			1,113,800				-				1,113,800			-
Interest receivable			1,802,271				-				1,802,271			-
Financial Liabilities
Deposits			243,957,148				-				153,209,299			92,970,697
Other borrowings			8,828,123				-				3,828,123			4,996,338
Advances from borrowers for taxes
and insurance			1,356,630				-				1,356,630			-
Interest payable			153,240				-				153,240			-
Unrecognized financial instruments (net
of contract amount)
Commitments to originate loans			-				-				-			-
Letters of credit			-				-				-			-
Lines of credit			-				-				-			-

						31-Dec-14
						Fair Value Measurements Using
		Carrying				Quoted Prices				Significant			Significant
						in Active				Other			Unobservable
						Markets for				Observable			Inputs
						Identical Assets				Inputs
		Amount				(Level 1)				(Level 2)			(Level 3)
Financial Assets
Cash and cash equivalents		$	9,611,638			$	9,611,638			$	-		$	-
Other investments			73,766				-				73,766			-
Loans held for sale			235,600				-				235,600			-
Loans, net of allowance for loan losses			184,718,612				-				-			184,573,401
Federal Home Loan Bank stock			1,113,800				-				1,113,800			-
Interest receivable			1,713,243				-				1,713,243			-
Financial Liabilities
Deposits			245,941,562				-				151,341,999			96,956,400
Short-term borrowings			13,821,730				-				8,821,730			4,996,109
Advances from borrowers for taxes
and insurance			962,762				-				962,762			-
Interest payable			166,052				-				166,052			-
Unrecognized financial instruments (net
of contract amount)
Commitments to originate loans			-				-				-			-
Letters of credit			-				-				-			-
Lines of credit			-				-				-			-

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying condensed consolidated balance sheets at amounts other than fair value.

Cash and Cash Equivalents, Interest-Earning Time Deposits in Banks, Interest Receivable, Federal Home Loan Bank Stock, and Other Investments - The carrying amount approximates fair value.

Loans Held for Sale - For homogeneous categories of loans, such as mortgage loans held for sale, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics.

Loans - The fair value of loans is estimated by discounting the future cash flows using the market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations.

Deposits - Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities.

Short-term Borrowings, Interest Payable, and Advances from Borrowers for Taxes and Insurance - The carrying amount approximates fair value.

Commitments to Originate Loans, Letters of Credit, and Lines of Credit - The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date.

MORTGAGE_SERVICING_RIGHTS

MORTGAGE SERVICING RIGHTS	3 Months Ended
MORTGAGE SERVICING RIGHTS	Mar. 31, 2015
Transfers and Servicing [Abstract]
MORTGAGE SERVICING RIGHTS	10	MORTGAGE SERVICING RIGHTS

	Activity in the balance of mortgage servicing rights, measured using the amortization method, for the three month period ended March 31, 2015 and the year ended December 31, 2014 was as follows:

			31-Mar-15			31-Dec-14
	Balance, beginning of period		$	632,634		$	673,576
	Servicing rights capitalized			18,298			53,859
	Amortization of servicing rights			(28,622	)		(111,224	)
	Change in valuation allowance			2,528			16,423
	Balance, end of period		$	624,838		$	632,634

	Activity in the valuation allowance for mortgage servicing rights for the three month period ended March 31, 2015 and the year ended December 31, 2014 was as follows:

			31-Mar-15			31-Dec-14
	Balance, beginning of period		$	56,969		$	73,392
	Additions			-			-
	Reductions			(2,528	)		(16,423	)
	Balance, end of period		$	54,441		$	56,969

INCOME_TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	11	INCOME TAXES

	A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense for the three months ended March 31, 2015 and 2014 is shown below.

			31-Mar-15			31-Mar-14
	Computed at the statutory rate (34%)		$	366,218		$	392,122
	Increase (decrease) resulting from
	Tax exempt interest			(107,610	)		(133,698	)
	State income taxes, net			48,124			67,567
	Increase in cash surrender value			(14,937	)		(16,388	)
	Other, net			(941	)		3,906

	Actual tax expense		$	290,854		$	313,509

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12	COMMITMENTS AND CONTINGENCIES

	Occasionally, the Company is a defendant in legal actions arising from normal business activities. Management, after consultation with legal counsel, believes that the resolution of these actions will not have any material adverse effect on the Company’s consolidated financial statements.

	The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers in the way of commitments to extend credit. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. Substantially all of the Company’s loans are to borrowers located in Cass, Morgan, Macoupin, Montgomery, and surrounding counties in Illinois.

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of earnings per share calculations for basic and diluted methods		Three Months Ended
		March 31,
		2015		2014

	Net income	$	786,257	$	839,789

	Basic average shares outstanding		1,775,287		1,794,635

	Diluted potential common shares:
	Stock option equivalents		17,080		7,335
	Diluted average shares outstanding		1,792,367		1,801,970

	Basic earnings per share	$	0.44	$	0.47

	Diluted earnings per share	$	0.44	$	0.47

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCK-BASED COMPENSATION (Tables)	Mar. 31, 2015
Disclosure Of Compensation Related Costs Share based Payments [Abstract]
Schedule of summary of ESOP shares		31-Mar-15			31-Mar-14
	Unearned shares		23,845			27,636
	Shares committed for release		573			561
	Allocated shares		58,863			59,352
	Total ESOP shares		83,281			87,549

	Fair value of unearned shares	$	586,032		$	592,137
Schedule of stock option activity							Weighted
					Weighted		Average
					Average		Remaining		Aggregate
					Exercise		Contractual		Instrinsic
		Options			Price/Share		Life (in years)		Value

	Outstanding, December 31, 2014		85,835		$	15.65
	Granted		-
	Exercised		(2,000	)		15.65
	Forfeited		-			-

	Outstanding, March 31, 2015		83,835		$	15.65		7	$	700,022

	Exercisable, March 31, 2015		21,600		$	15.65		7	$	180,360

LOAN_PORTFOLIO_COMPOSITION_Tab

LOAN PORTFOLIO COMPOSITION (Tables)	3 Months Ended
LOAN PORTFOLIO COMPOSITION (Tables)	Mar. 31, 2015
Receivables [Abstract]
Schedule of composition of loan portfolio			31-Mar-15								31-Dec-14
			Amount				Percent				Amount			Percent
	Real estate loans:
	One-to-four family residential		$	44,129,552				23.8	%		$	44,561,089			24.2	%
	Commercial			41,494,647				22.5				40,474,855			21.9
	Agricultural			43,395,717				23.5				40,119,130			21.7
	Home equity			11,478,191				6.2				11,283,264			6.1
	Total real estate loans			140,498,107				76				136,438,338			73.9

	Commercial loans			23,945,542				13				26,813,880			14.5
	Agricultural loans			10,854,507				5.9				11,844,973			6.4
	Consumer loans			12,465,317				6.7				12,587,101			6.8
	Total loans receivable			187,763,473				101.6				187,684,292			101.6

	Less:
	Net deferred loan fees			15,580				0				9,416			0
	Allowance for loan losses			2,970,996				1.6				2,956,264			1.6
	Total loans receivable, net		$	184,776,897				100	%		$	184,718,612			100	%
Schedule of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method			31-Mar-15
							Commercial				Agricultural
			1-4 Family				Real Estate				Real Estate			Home Equity				Commercial				Agricultural				Consumer				Unallocated				Total
	Allowance for Loan Losses:
	Beginning Balance,
	December 31, 2014		$	999,260			$	855,463			$	195,546		$	205,577			$	421,809			$	57,934			$	167,319			$	53,356			$	2,956,264
	Provision charged to
	expense			32,739				(37,210	)			16,505			(52,423	)			(20,663	)			58,595				(1,669	)			34,126				30,000
	Losses charged off			-				(27,464	)			-			-				-				-				(6,430	)			-				(33,894	)
	Recoveries			300				8,745				-			9,013				85				-				483				-				18,626
	Ending balance,
	March 31, 2015		$	1,032,299			$	799,534			$	212,051		$	162,167			$	401,231			$	116,529			$	159,703			$	87,482			$	2,970,996

	Ending balance:
	individually evaluated
	for impairment		$	207,554			$	359,054			$	-		$	9,982			$	165,190			$	-			$	-			$	-			$	741,780
	Ending balance:
	collectively evaluated
	for impairment		$	824,745			$	440,480			$	212,051		$	152,185			$	236,041			$	116,529			$	159,703			$	87,482			$	2,229,216

	Loans:
	Ending balance		$	44,129,552			$	41,494,647			$	43,395,717		$	11,478,191			$	23,945,542			$	10,854,507			$	12,465,317			$	-			$	187,763,473
	Ending balance:
	individually evaluated
	for impairment		$	698,555			$	1,975,380			$	985,606		$	57,163			$	469,036			$	272,021			$	8,124			$	-			$	4,465,885
	Ending balance:
	collectively evaluated
	for impairment		$	43,430,997			$	39,519,267			$	42,410,111		$	11,421,028			$	23,476,506			$	10,582,486			$	12,457,193			$	-			$	183,297,588

			31-Mar-14
							Commercial				Agricultural
			1-4 Family				Real Estate				Real Estate			Home Equity				Commercial				Agricultural				Consumer				Unallocated				Total
	Allowance for Loan Losses:
	Beginning Balance,
	December 31, 2013		$	856,144			$	745,760			$	175,028		$	201,993			$	1,034,189			$	52,798			$	184,848			$	155,674			$	3,406,434
	Provision charged to
	expense			206,026				32,275				3,826			(4,123	)			(199,259	)			(9,148	)			20,381				(19,978	)			30,000
	Losses charged off			(63,474	)			-				-			-				-				-				(5,503	)			-				(68,977	)
	Recoveries			300				-				-			525				-				-				200				-				1,025
	Ending balance,
	March 31, 2014		$	998,996			$	778,035			$	178,854		$	198,395			$	834,930			$	43,650			$	199,926			$	135,696			$	3,368,482

	Ending balance:
	individually evaluated
	for impairment		$	126,104			$	257,427			$	-		$	-			$	537,946			$	-			$	11,689			$	-			$	933,166
	Ending balance:
	collectively evaluated
	for impairment		$	872,892			$	520,608			$	178,854		$	198,395			$	296,984			$	43,650			$	188,237			$	135,696			$	2,435,316

	Loans:
	Ending balance		$	43,246,083			$	38,778,453			$	35,897,025		$	11,241,048			$	29,435,402			$	8,730,075			$	13,693,296			$	-			$	181,021,382
	Ending balance:
	individually evaluated
	for impairment		$	549,565			$	1,863,091			$	126,323		$	26,924			$	873,113			$	-			$	110,935			$	-			$	3,549,951
	Ending balance:
	collectively evaluated
	for impairment		$	42,696,518			$	36,915,362			$	35,770,702		$	11,214,124			$	28,562,289			$	8,730,075			$	13,582,361			$	-			$	177,471,431

			31-Dec-14
							Commercial				Agricultural
			1-4 Family				Real Estate				Real Estate			Home Equity				Commercial				Agricultural				Consumer				Unallocated				Total
	Allowance for Loan Losses:
	Beginning Balance,
	December 31, 2013		$	856,144			$	745,760			$	175,028		$	201,993			$	1,034,189			$	52,798			$	184,848			$	155,674			$	3,406,434
Provision charged to
expense			241,875				392,009				20,518			5,887				(327,057	)			5,136				3,950				(102,318	)			240,000
Losses charged off			(100,319	)			(287,474	)			-			(5,403	)			(285,411	)			-				(25,781	)			-				(704,388	)
Recoveries			1,560				5,168				-			3,100				88				-				4,302				-				14,218
Ending balance,
December 31, 2014		$	999,260			$	855,463			$	195,546		$	205,577			$	421,809			$	57,934			$	167,319			$	53,356			$	2,956,264

Ending balance:
individually evaluated
for impairment		$	183,196			$	348,240			$	-		$	9,982			$	154,089			$	-			$	-			$	-			$	695,507
Ending balance:
collectively evaluated
for impairment		$	816,064			$	507,223			$	195,546		$	195,595			$	267,720			$	57,934			$	167,319			$	53,356			$	2,260,757

Loans:
Ending balance		$	44,561,089			$	40,474,855			$	40,119,130		$	11,283,264			$	26,813,880			$	11,844,973			$	12,587,101			$	-			$	187,684,292
Ending balance:
individually evaluated
for impairment		$	713,962			$	1,690,251			$	1,009,889		$	37,531			$	240,805			$	258,140			$	8,469			$	-			$	3,959,047
Ending balance:
collectively evaluated
for impairment		$	43,847,127			$	38,784,604			$	39,109,241		$	11,245,733			$	26,573,075			$	11,586,833			$	12,578,632			$	-			$	183,725,245
Schedule of credit risk profile of loan portfolio based on rating category and payment activity
			1-4 Family								Commercial Real Estate							Agricultural Real Estate								Home Equity
			March 31,				December 31,				March 31,			December 31,				March 31,				December 31,				March 31,				December 31,
			2015				2014				2015			2014				2015				2014				2015				2014
	Rating:
	Pass		$	39,949,213			$	41,530,699			$	38,726,813		$	38,122,972			$	42,410,112			$	39,109,241			$	11,035,440			$	10,833,853
	Special Mention			1,638,342				655,049				225,187			53,750				862,764				887,048				161,586				162,103
	Substandard			2,541,997				2,375,341				2,542,647			2,298,133				122,841				122,841				281,165				287,308
	Total		$	44,129,552			$	44,561,089			$	41,494,647		$	40,474,855			$	43,395,717			$	40,119,130			$	11,478,191			$	11,283,264

			Commercial								Agricultural							Consumer								Total
			March 31,				December 31,				March 31,			December 31,				March 31,				December 31,				March 31,				December 31,
			2015				2014				2015			2014				2015				2014				2015				2014
	Rating:
	Pass		$	23,468,003			$	26,563,823			$	10,172,058		$	11,586,833			$	12,271,936			$	12,386,412			$	178,033,575			$	180,133,833
	Special Mention			-				-				682,449			258,140				65,900				80,544				3,636,228				2,096,634
	Substandard			477,539				250,057				-			-				127,481				120,145				6,093,670				5,453,825
	Total		$	23,945,542			$	26,813,880			$	10,854,507		$	11,844,973			$	12,465,317			$	12,587,101			$	187,763,473			$	187,684,292
Schedule of loan portfolio aging analysis			30-59 Days				60-89 Days				Greater than 90			Total												Total Loans >90
			Past Due				Past Due				Days Past Due			Past Due				Current				Total Loans				Days & Accruing

	One-to-four family residential		$	263,796			$	50,113			$	870,830		$	1,184,739			$	42,944,813			$	44,129,552			$	-
	Commercial real estate			-				-				797,921			797,921				40,696,726				41,494,647				-
	Agricultural real estate			-				-				122,841			122,841				43,272,876				43,395,717				-
	Home equity			89,119				4,119				25,846			119,084				11,359,107				11,478,191				-
	Commercial			-				-				-			-				23,945,542				23,945,542				-
	Agricultural			-				-				-			-				10,854,507				10,854,507				-
	Consumer			37,207				71,139				16,851			125,197				12,340,120				12,465,317				-
	Total		$	390,122			$	125,371			$	1,834,289		$	2,349,782			$	185,413,691			$	187,763,473			$	-


			31-Dec-14
			30-59 Days				60-89 Days				Greater than 90			Total												Total Loans >90
			Past Due				Past Due				Days Past Due			Past Due				Current				Total Loans				Days & Accruing

	One-to-four family residential		$	420,086			$	286,622			$	613,534		$	1,320,242			$	43,240,847			$	44,561,089			$	-
	Commercial real estate			-				794,110				39,023			833,133				39,641,722				40,474,855				-
	Agricultural real estate			-				-				122,841			122,841				39,996,289				40,119,130				-
	Home equity			96,971				11,561				58,360			166,892				11,116,372				11,283,264				-
	Commercial			-				-				-			-				26,813,880				26,813,880				-
	Agricultural			-				-				-			-				11,844,973				11,844,973				-
	Consumer			90,558				5,531				16,560			112,649				12,474,452				12,587,101				-
	Total		$	607,615			$	1,097,824			$	850,318		$	2,555,757			$	185,128,535			$	187,684,292			$	-
Schedule of impaired loan			Three Months Ended March 31, 2015
														Average								Interest
							Unpaid							Impairment in				Interest				Income
			Recorded				Principal				Specific			Impaired				Income				Recognized
			Balance				Balance				Allowance			Loans				Recognized				Cash Basis
	Loans without a specific allowance:
	One-to-four family residential		$	125,019			$	125,019			$	-		$	214,838			$	3,105			$	2,863
	Commercial real estate			854,026				854,026				-			887,087				10,983				7,531
	Agricultural real estate			985,606				985,606				-			998,835				13,875				30,345
	Commercial			237,590				237,590				-			289,166				3,209				-
	Agricultural			272,021				272,021				-			311,499				2,762				14,573
	Home equity			47,181				47,181				-			38,916				795				793
	Consumer			8,124				8,124				-			8,858				170				30
	Loans with a specific allowance:
	One-to-four family residential			573,536				573,536				207,554			582,275				10,868				9,060
	Commercial real estate			1,121,354				1,121,354				359,054			1,123,872				16,764				5,040
	Commercial			231,446				231,446				165,190			283,538				3,207				12,667
	Home equity			9,982				9,982				9,982			9,982				175				181
	Total:
	One-to-four family residential			698,555				698,555				207,554			797,113				13,973				11,923
	Commercial real estate			1,975,380				1,975,380				359,054			2,010,959				27,747				12,571
	Agricultural real estate			985,606				985,606				-			998,835				13,875				30,345
	Commercial			469,036				469,036				165,190			572,704				6,416				12,667
	Agricultural			272,021				272,021				-			311,499				2,762				14,573
	Home equity			57,163				57,163				9,982			48,898				970				974
	Consumer			8,124				8,124				-			8,858				170				30
	Total		$	4,465,885			$	4,465,885			$	741,780		$	4,748,866			$	65,913			$	83,083

			Three Months Ended March 31, 2014
														Average								Interest
							Unpaid							Impairment in				Interest				Income
			Recorded				Principal				Specific			Impaired				Income				Recognized
			Balance				Balance				Allowance			Loans				Recognized				Cash Basis
	Loans without a specific allowance:
	One-to-four family residential		$	143,159			$	143,159			$	-		$	223,902			$	3,244			$	3,494
	Commercial real estate			452,080				452,080				-			476,167				5,510				1,182
	Agricultural real estate			126,323				126,323				-			127,166				3,100				843
	Commercial			290,000				290,000				-			319,109				3,541				1,008
	Home equity			26,924				26,924				-			30,851				718				798
	Consumer			13,521				13,521				-			14,542				276				316
	Loans with a specific allowance:
	One-to-four family residential			406,406				406,406				126,104			410,611				5,929				4,655
	Commercial real estate			1,411,011				1,411,011				257,427			1,447,978				21,174				20,948
	Commercial			583,113				583,113				537,946			650,046				7,856				7,918
	Consumer			97,414				97,414				11,689			97,414				958				-
	Total:
	One-to-four family residential			549,565				549,565				126,104			634,513				9,174				8,149
	Commercial real estate			1,863,091				1,863,091				257,427			1,924,145				26,684				22,130
	Agricultural real estate			126,323				126,323				-			127,166				3,100				843
	Commercial			873,113				873,113				537,946			969,155				11,397				8,926
	Home equity			26,924				26,924				-			30,851				718				798
	Consumer			110,935				110,935				11,689			111,956				1,235				316
	Total		$	3,549,951			$	3,549,951			$	933,166		$	3,797,786			$	52,308			$	41,162

			Year Ended December 31, 2014
														Average								Interest
							Unpaid							Impairment in				Interest				Income
			Recorded				Principal				Specific			Impaired				Income				Recognized
			Balance				Balance				Allowance			Loans				Recognized				Cash Basis
	Loans without a specific allowance:
	One-to-four family residential		$	129,272			$	129,272			$	-		$	220,541			$	12,818			$	13,076
	Commercial real estate			564,610				564,610				-			757,616				19,826				18,816
	Agricultural real estate			1,009,889				1,009,889				-			1,037,661				58,253				149,159
	Agricultural business			258,140				258,140				-			358,529				13,723				1,046
Home equity			27,549				27,549				-			29,505				2,881				2,939
Consumer			8,469				8,469				-			12,285				951				964
Loans with a specific allowance:
One-to-four family residential			584,690				584,690				183,196			604,031				28,722				26,783
Commercial real estate			1,125,641				1,125,641				348,240			1,134,401				66,864				60,012
Commercial			240,805				240,805				154,089			319,812				14,425				16,554
Home equity			9,982				9,982				9,982			9,993				247				187
Total:
One-to-four family residential			713,962				713,962				183,196			824,572				41,540				39,859
Commercial real estate			1,690,251				1,690,251				348,240			1,892,017				86,690				78,828
Agricultural real estate			1,009,889				1,009,889				-			1,037,661				58,253				49,159
Commercial			240,805				240,805				154,089			319,812				14,425				16,554
Agricultural business			258,140				258,140				-			358,529				13,723				1,046
Home equity			37,531				37,531				9,982			39,498				3,128				3,126
Consumer			8,469				8,469				-			12,285				951				964
Total		$	3,959,047			$	3,959,047			$	695,507		$	4,484,374			$	218,710			$	189,536
Schedule of recorded balance at original cost of troubled debt restructurings			31-Mar-15				31-Dec-14

	One-to-four family residential		$	761,616			$	747,470
	Commercial real estate			1,153,266				1,265,079
	Agricultural real estate			-				-
	Home equity			14,898				15,379
	Commercial loans			203,162				212,579
	Agricultural loans			-				-
	Consumer loans			42,883				42,786

	Total		$	2,175,825			$	2,283,293
Schedule of recorded balance at original cost of troubled debt restructurings performing according to terms of restructuring			31-Mar-15				31-Dec-14

	One-to-four family residential		$	558,038			$	567,931
	Commercial real estate			359,156				470,969
	Agricultural real estate			-				-
	Home equity			11,660				12,074
	Commercial loans			203,162				212,579
	Agricultural loans			-				-
	Consumer loans			42,883				42,786

	Total		$	1,174,899			$	1,306,339
Schedule of loans modified as troubled debt restructurings			Three Months Ended								Three Months Ended
			31-Mar-15								31-Mar-14
			Number of				Recorded				Number of			Recorded
			Modifications				Investment				Modifications			Investment

	One-to-four family residential			1			$	107,357				-		$	-
	Commercial real estate			-				-				-			-
	Agricultural real estate			-				-				-			-
	Home equity			-				-				-			-
	Commercial loans			-				-				-			-
	Agricultural loans			-				-				-			-
	Consumer loans			1				2,469				1			19,582

	Total			2			$	109,826				1		$	19,582
Schedule of nonaccrual loans			31-Mar-15				31-Dec-14

	One-to-four family residential		$	1,285,974			$	994,855
	Commercial real estate			890,909				932,578
	Agricultural real estate			122,841				122,841
	Home equity			103,377				120,698
	Commercial loans			19,682				22,438
	Agricultural loans			-				-
	Consumer loans			92,660				70,643

	Total		$	2,515,443			$	2,264,053

INVESTMENTS_Tables

INVESTMENTS (Tables)	3 Months Ended
INVESTMENTS (Tables)	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and approximate fair values of available for sale securities					Gross		Gross
		Amortized			Unrealized		Unrealized
		Cost			Gains		Losses			Fair Value
	March 31, 2015:
	U.S. government and agencies	$	12,877,852		$	112,943	$	(44,375	)	$	12,946,420
	Mortgage-backed securities (government-		34,680,250			526,641		(64,086	)		35,142,805
	sponsored enterprises - residential)		34,680,250			526,641		(64,086	)		35,142,805
	Municipal bonds		40,188,477			1,522,522		(229,674	)		41,481,325
		$	87,746,579		$	2,162,106	$	(338,135	)	$	89,570,550

	December 31, 2014:
	U.S. government and agencies	$	10,031,683		$	65,328	$	(138,738	)	$	9,958,273
	Mortgage-backed securities (government-
	sponsored enterprises - residential)		41,196,695			433,757		(210,531	)		41,419,921
	Municipal bonds		44,378,515			1,457,977		(529,789	)		45,306,703
		$	95,606,893		$	1,957,062	$	(879,058	)	$	96,684,897
Schedule of amortized cost and fair value of available-for-sale securities by contractual maturities		Amortized			Fair
		Cost			Value
	Within one year	$	1,035,486		$	1,052,024
	More than one to five years		8,058,306			8,360,658
	More than five to ten years		27,557,064			28,257,133
	After ten years		16,415,473			16,757,930
			53,066,329			54,427,745
	Mortgage-backed securities (government-
	sponsored enterprises - residential)		34,680,250			35,142,805
		$	87,746,579		$	89,570,550
Schedule of gross unrealized losses and fair value in continuous loss position		Less Than Twelve Months					Twelve Months or More					Total
		Gross					Gross					Gross
		Unrealized			Fair		Unrealized			Fair		Unrealized			Fair
	31-Mar-15	Losses			Value		Losses			Value		Losses			Value

	U.S. government agencies	$	(6,274	)	$	2,291,667	$	(38,101	)	$	1,970,912	$	(44,375	)	$	4,262,579
	Mortgage-backed securities
	(government sponsored
	enterprises - residential)		(9,402	)		2,087,500		(54,684	)		7,270,637		(64,086	)		9,358,137
	Municipal bonds		(50,173	)		4,760,817		(179,501	)		6,582,462		(229,674	)		11,343,279

	Total	$	(65,849	)	$	9,139,984	$	(272,286	)	$	15,824,011	$	(338,135	)	$	24,963,995

		Less Than Twelve Months					Twelve Months or More					Total
		Gross					Gross					Gross
		Unrealized			Fair		Unrealized			Fair		Unrealized			Fair
	31-Dec-14	Losses			Value		Losses			Value		Losses			Value

	U.S. government agencies	$	(28,208	)	$	2,955,829	$	(110,530	)	$	3,949,940	$	(138,738	)	$	6,905,769
	Mortgage-backed securities
	(government sponsored
	enterprises - residential)		(13,358	)		2,061,203		(197,173	)		13,725,099		(210,531	)		15,786,302
	Municipal bonds		(44,654	)		3,953,168		(485,135	)		13,942,169		(529,789	)		17,895,337

	Total	$	(86,220	)	$	8,970,200	$	(792,838	)	$	31,617,208	$	(879,058	)	$	40,587,408

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	Mar. 31, 2015
Equity [Abstract]
Schedule of accumulated other comprehensive income		31-Mar-15			31-Dec-14
	Net unrealized gain on securities available-for-sale	$	1,823,971		$	1,078,004
	Tax effect		(620,150	)		(366,521	)
	Net-of-tax amount	$	1,203,821		$	711,483

CHANGES_IN_ACCUMULATED_OTHER_C1

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT (Tables)	3 Months Ended
	Mar. 31, 2015
Changes In Accumulated Other Comprehensive Income (Aoci) By Component [Abstract]
Schedule of reclassified from AOCI and the affected line items in the statements of income		Amounts Reclassified
		from AOCI
								Affected Line Item in the
		31-Mar-15			31-Mar-14			Statements of Income
	Unrealized gains on securities available-for-sale							Net realized gains on sales of
	securities	$	133,216		$	99,855		available-for-sale securities
			133,216			99,855
	Tax effect		(45,293	)		(33,951	)	Income taxes
	Total reclassification out of AOCI	$	87,923		$	65,904		Net reclassified amount

DISCLOSURES_ABOUT_FAIR_VALUE_O1

DISCLOSURES ABOUT FAIR VALUE OF ASSETS (Tables)	3 Months Ended
DISCLOSURES ABOUT FAIR VALUE OF ASSETS (Tables)	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value measurements of assets recognized in balance sheets measured at fair value on recurring basis					31-Mar-15
					Fair Value Measurements Using
					Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs
					Assets
		Fair Value			(Level 1)			(Level 2)		(Level 3)
	U.S. Government and
	agencies	$	12,946,420		$	-		$	12,946,420	$	-
	Mortgage-backed securities
	(Government sponsored
	enterprises - residential)		35,142,805			-			35,142,805		-
	Municipal bonds		41,481,325			-			41,481,325		-


					31-Dec-14
					Fair Value Measurements Using
					Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs
					Assets
		Fair Value			(Level 1)			(Level 2)		(Level 3)
	U.S. Government and
	agencies	$	9,958,273		$	-		$	9,958,273	$	-
	Mortgage-backed securities
	(Government sponsored
	enterprises - residential)		41,419,921			-			41,419,921		-
	Municipal bonds		45,306,703			-			45,306,703		-
Schedule of fair value measurement of assets measured at fair value on nonrecurring basis					31-Mar-15
					Fair Value Measurements Using
					Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs
					Assets
		Fair Value			(Level 1)			(Level 2)		(Level 3)
	Impaired loans
	(collateral dependent)	$	510,908		$	-		$	-	$	510,908
	Foreclosed assets		113,880			-			-		113,880

					December 31, 2014
					Fair Value Measurements Using
					Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical			Inputs
					Assets
		Fair Value			(Level 1)			(Level 2)		(Level 3)
	Impaired loans
	(collateral dependent)	$	1,147,400		$	-		$	-	$	1,147,400
Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring level 3 fair value measurements		Fair Value at		Valuation		Unobservable Inputs	Range (Weighted
		3/31/15		Technique		Unobservable Inputs	Average)

	Collateral-dependent		510,908	Market comparable properties		Marketability discount		20% – 30%	(25%)
	impaired loans		510,908	Market comparable properties		Marketability discount		20% – 30%	(25%)
	Foreclosed assets		113,880	Market comparable		Comparability			(6%)
	Foreclosed assets		113,880	Properties		Adjustment			(6%)

		Fair Value at		Valuation		Unobservable Inputs	Range (Weighted
		12/31/14		Technique		Unobservable Inputs	Average)

	Collateral-dependent		1,147,400	Market comparable properties		Marketability discount		20% – 30%	(25%)
	impaired loans		1,147,400	Market comparable properties		Marketability discount		20% – 30%	(25%)

Schedule of estimated fair values of other financial instrument					31-Mar-15
					Fair Value Measurements Using
		Carrying			Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical Assets			Inputs
		Amount			(Level 1)			(Level 2)		(Level 3)
	Financial Assets
	Cash and cash equivalents	$	9,629,582		$	9,629,582		$	-	$	-
	Interest-earning time deposits in banks		1,233,000			1,233,000			-		-
	Other investments		72,466			-			72,466		-
	Loans held for sale		881,178			-			881,178		-
	Loans, net of allowance for loan losses		184,776,897			-			-		184,561,769
	Federal Home Loan Bank stock		1,113,800			-			1,113,800		-
	Interest receivable		1,802,271			-			1,802,271		-
	Financial Liabilities
	Deposits		243,957,148			-			153,209,299		92,970,697
	Other borrowings		8,828,123			-			3,828,123		4,996,338
	Advances from borrowers for taxes
	and insurance		1,356,630			-			1,356,630		-
	Interest payable		153,240			-			153,240		-
	Unrecognized financial instruments (net
	of contract amount)
	Commitments to originate loans		-			-			-		-
	Letters of credit		-			-			-		-
	Lines of credit		-			-			-		-

					31-Dec-14
					Fair Value Measurements Using
		Carrying			Quoted Prices			Significant		Significant
					in Active			Other		Unobservable
					Markets for			Observable		Inputs
					Identical Assets			Inputs
		Amount			(Level 1)			(Level 2)		(Level 3)
	Financial Assets
	Cash and cash equivalents	$	9,611,638		$	9,611,638		$	-	$	-
	Other investments		73,766			-			73,766		-
	Loans held for sale		235,600			-			235,600		-
	Loans, net of allowance for loan losses		184,718,612			-			-		184,573,401
	Federal Home Loan Bank stock		1,113,800			-			1,113,800		-
	Interest receivable		1,713,243			-			1,713,243		-
	Financial Liabilities
	Deposits		245,941,562			-			151,341,999		96,956,400
	Short-term borrowings		13,821,730			-			8,821,730		4,996,109
	Advances from borrowers for taxes
	and insurance		962,762			-			962,762		-
	Interest payable		166,052			-			166,052		-
	Unrecognized financial instruments (net
	of contract amount)
	Commitments to originate loans		-			-			-		-
	Letters of credit		-			-			-		-
	Lines of credit		-			-			-		-

MORTGAGE_SERVICING_RIGHTS_Tabl

MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
MORTGAGE SERVICING RIGHTS (Tables)	Mar. 31, 2015
Transfers and Servicing [Abstract]
Schedule of activity in balance of mortgage servicing rights measured using amortization method		31-Mar-15			31-Dec-14
	Balance, beginning of period	$	632,634		$	673,576
	Servicing rights capitalized		18,298			53,859
	Amortization of servicing rights		(28,622	)		(111,224	)
	Change in valuation allowance		2,528			16,423
	Balance, end of period	$	624,838		$	632,634
Schedule of activity in valuation allowance for mortgage servicing rights		31-Mar-15			31-Dec-14
	Balance, beginning of period	$	56,969		$	73,392
	Additions		-			-
	Reductions		(2,528	)		(16,423	)
	Balance, end of period	$	54,441		$	56,969

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
INCOME TAXES (Tables)	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of reconciliation of income tax expense at statutory rate to actual income tax expense		31-Mar-15			31-Mar-14
	Computed at the statutory rate (34%)	$	366,218		$	392,122
	Increase (decrease) resulting from
	Tax exempt interest		(107,610	)		(133,698	)
	State income taxes, net		48,124			67,567
	Increase in cash surrender value		(14,937	)		(16,388	)
	Other, net		(941	)		3,906

	Actual tax expense	$	290,854		$	313,509

EARNINGS_PER_SHARE_Earnings_Pe

EARNINGS PER SHARE - Earnings Per Share Calculations for Basic and Diluted Methods (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net income	$786,257	$839,789
Basic average shares outstanding (in shares)	1,775,287	1,794,635
Diluted potential common shares:
Stock option equivalents (in shares)	17,080	7,335
Diluted average shares outstanding (in shares)	1,792,367	1,801,970
Basic earnings per share (in dollars per share)	$0.44	$0.47
Diluted earnings per share (in dollars per share)	$0.44	$0.47

STOCKBASED_COMPENSATION_Summar

STOCK-BASED COMPENSATION - Summary of ESOP Shares (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Disclosure Of Compensation Related Costs Share based Payments [Abstract]
Unearned shares	23,845	27,636
Shares committed for release	573	561
Allocated shares	58,863	59,352
Total ESOP shares	83,281	87,549
Fair value of unearned shares	$586,032	$592,137

STOCKBASED_COMPENSATION_Stock_

STOCK-BASED COMPENSATION - Stock Option Activity (Details 1) (Stock Options, USD $)	1 Months Ended	3 Months Ended
	Apr. 24, 2012	Mar. 31, 2015
Stock Options
Shares
Outstanding, December 31, 2014		85,835
Granted	104,035
Exercised		-2,000
Forfeited
Outstanding, March 31, 2015		83,835
Exercisable, March 31, 2015		21,600
Weighted Average Exercise price/Share
Outstanding, December 31, 2014		$15.65
Granted
Exercised		$15.65
Forfeited
Outstanding, March 31, 2015		$15.65
Exercisable, March 31, 2015		$15.65
Weighted Average Remaining Contractual Life (in years)
Outstanding, March 31, 2015		7 years
Exercisable, March 31, 2015		7 years
Aggregate Intrinsic Value
Outstanding, March 31, 2015		$700,022
Exercisable, March 31, 2015		$180,360

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Detail Textuals) (USD $)	1 Months Ended	3 Months Ended
STOCK-BASED COMPENSATION (Detail Textuals) (USD $)	Apr. 24, 2012	Mar. 31, 2015
Stock Options
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock reserved and awarded	104,035
Vesting period	5 years
Award expiration period	10 years
Closing price per share		$24
Jacksonville Savings Bank Employee Stock Ownership Plan (ESOP)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock, shares issued in stock offerings		41,614
ESOP shares, percentage of common stock issued in the offering		4.00%
Maximum loan repayment term		20 years
Vesting period		6 years

LOAN_PORTFOLIO_COMPOSITION_Com

LOAN PORTFOLIO COMPOSITION - Composition of Loan Portfolio (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Less: Allowance for loan losses	$2,970,996	$2,956,264
Total loans receivable, net	184,776,897	184,718,612
Loans Receivable
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	187,763,473	187,684,292	181,021,382
Total loans receivable, percentage	101.60%	101.60%
Less: Net deferred loan fees	15,580	9,416
Less: Net deferred loan fees, percentage	0.00%	0.00%
Less: Allowance for loan losses	2,970,996	2,956,264
Less: Allowance for loan losses, percentage	1.60%	1.60%
Total loans receivable, net	184,776,897	184,718,612
Total loans receivable, net, percentage	100.00%	100.00%
Loans Receivable \| Real estate loans
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	140,498,107	136,438,338
Total loans receivable, percentage	76.00%	73.90%
Loans Receivable \| One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	44,129,552	44,561,089	43,246,083
Total loans receivable, percentage	23.80%	24.20%
Loans Receivable \| Commercial
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	41,494,647	40,474,855	38,778,453
Total loans receivable, percentage	22.50%	21.90%
Loans Receivable \| Agricultural
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	43,395,717	40,119,130	35,897,025
Total loans receivable, percentage	23.50%	21.70%
Loans Receivable \| Home equity
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	11,478,191	11,283,264	11,241,048
Total loans receivable, percentage	6.20%	6.10%
Loans Receivable \| Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	23,945,542	26,813,880	29,435,402
Total loans receivable, percentage	13.00%	14.50%
Loans Receivable \| Agricultural loans
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	10,854,507	11,844,973	8,730,075
Total loans receivable, percentage	5.90%	6.40%
Loans Receivable \| Consumer loans
Accounts Notes And Loans Receivable [Line Items]
Total loans receivable	$12,465,317	$12,587,101	$13,693,296
Total loans receivable, percentage	6.70%	6.80%

LOAN_PORTFOLIO_COMPOSITION_Bal

LOAN PORTFOLIO COMPOSITION - Balance in Allowances for Loan Losses and Recorded Investment in Loans Based on Portfolio Segment and Impairment Method (Details 1) (Loans Receivable, USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Allowance for Loan Losses:
Beginning Balance	$2,956,264	$3,406,434	$3,406,434
Provision charged to expense	30,000	30,000	240,000
Losses charged off	-33,894	-68,977	-704,388
Recoveries	18,626	1,025	14,218
Ending balance	2,970,996	3,368,482	2,956,264
Ending balance: individually evaluated for impairment, ending balance	741,780	933,166	695,507
Ending balance: collectively evaluated for impairment, ending balance	2,229,216	2,435,316	2,260,757
Loans:
Ending balance	187,763,473	181,021,382	187,684,292
Ending balance: individually evaluated for impairment, ending balance	4,465,885	3,549,951	3,959,047
Ending balance: collectively evaluated for impairment, ending balance	183,297,588	177,471,431	183,725,245
1-4 Family
Allowance for Loan Losses:
Beginning Balance	999,260	856,144	856,144
Provision charged to expense	32,739	206,026	241,875
Losses charged off		-63,474	-100,319
Recoveries	300	300	1,560
Ending balance	1,032,299	998,996	999,260
Ending balance: individually evaluated for impairment, ending balance	207,554	126,104	183,196
Ending balance: collectively evaluated for impairment, ending balance	824,745	872,892	816,064
Loans:
Ending balance	44,129,552	43,246,083	44,561,089
Ending balance: individually evaluated for impairment, ending balance	698,555	549,565	713,962
Ending balance: collectively evaluated for impairment, ending balance	43,430,997	42,696,518	43,847,127
Commercial Real Estate
Allowance for Loan Losses:
Beginning Balance	855,463	745,760	745,760
Provision charged to expense	-37,210	32,275	392,009
Losses charged off	-27,464		-287,474
Recoveries	8,745		5,168
Ending balance	799,534	778,035	855,463
Ending balance: individually evaluated for impairment, ending balance	359,054	257,427	348,240
Ending balance: collectively evaluated for impairment, ending balance	440,480	520,608	507,223
Loans:
Ending balance	41,494,647	38,778,453	40,474,855
Ending balance: individually evaluated for impairment, ending balance	1,975,380	1,863,091	1,690,251
Ending balance: collectively evaluated for impairment, ending balance	39,519,267	36,915,362	38,784,604
Agricultural Real Estate
Allowance for Loan Losses:
Beginning Balance	195,546	175,028	175,028
Provision charged to expense	16,505	3,826	20,518
Losses charged off
Recoveries
Ending balance	212,051	178,854	195,546
Ending balance: individually evaluated for impairment, ending balance
Ending balance: collectively evaluated for impairment, ending balance	212,051	178,854	195,546
Loans:
Ending balance	43,395,717	35,897,025	40,119,130
Ending balance: individually evaluated for impairment, ending balance	985,606	126,323	1,009,889
Ending balance: collectively evaluated for impairment, ending balance	42,410,111	35,770,702	39,109,241
Home Equity
Allowance for Loan Losses:
Beginning Balance	205,577	201,993	201,993
Provision charged to expense	-52,423	-4,123	5,887
Losses charged off			-5,403
Recoveries	9,013	525	3,100
Ending balance	162,167	198,395	205,577
Ending balance: individually evaluated for impairment, ending balance	9,982		9,982
Ending balance: collectively evaluated for impairment, ending balance	152,185	198,395	195,595
Loans:
Ending balance	11,478,191	11,241,048	11,283,264
Ending balance: individually evaluated for impairment, ending balance	57,163	26,924	37,531
Ending balance: collectively evaluated for impairment, ending balance	11,421,028	11,214,124	11,245,733
Commercial
Allowance for Loan Losses:
Beginning Balance	421,809	1,034,189	1,034,189
Provision charged to expense	-20,663	-199,259	-327,057
Losses charged off			-285,411
Recoveries	85		88
Ending balance	401,231	834,930	421,809
Ending balance: individually evaluated for impairment, ending balance	165,190	537,946	154,089
Ending balance: collectively evaluated for impairment, ending balance	236,041	296,984	267,720
Loans:
Ending balance	23,945,542	29,435,402	26,813,880
Ending balance: individually evaluated for impairment, ending balance	469,036	873,113	240,805
Ending balance: collectively evaluated for impairment, ending balance	23,476,506	28,562,289	26,573,075
Agricultural
Allowance for Loan Losses:
Beginning Balance	57,934	52,798	52,798
Provision charged to expense	58,595	-9,148	5,136
Losses charged off
Recoveries
Ending balance	116,529	43,650	57,934
Ending balance: individually evaluated for impairment, ending balance
Ending balance: collectively evaluated for impairment, ending balance	116,529	43,650	57,934
Loans:
Ending balance	10,854,507	8,730,075	11,844,973
Ending balance: individually evaluated for impairment, ending balance	272,021	0	258,140
Ending balance: collectively evaluated for impairment, ending balance	10,582,486	8,730,075	11,586,833
Consumer
Allowance for Loan Losses:
Beginning Balance	167,319	184,848	184,848
Provision charged to expense	-1,669	20,381	3,950
Losses charged off	-6,430	-5,503	-25,781
Recoveries	483	200	4,302
Ending balance	159,703	199,926	167,319
Ending balance: individually evaluated for impairment, ending balance		11,689
Ending balance: collectively evaluated for impairment, ending balance	159,703	188,237	167,319
Loans:
Ending balance	12,465,317	13,693,296	12,587,101
Ending balance: individually evaluated for impairment, ending balance	8,124	110,935	8,469
Ending balance: collectively evaluated for impairment, ending balance	12,457,193	13,582,361	12,578,632
Unallocated
Allowance for Loan Losses:
Beginning Balance	53,356	155,674	155,674
Provision charged to expense	34,126	-19,978	-102,318
Losses charged off
Recoveries
Ending balance	87,482	135,696	53,356
Ending balance: individually evaluated for impairment, ending balance
Ending balance: collectively evaluated for impairment, ending balance	87,482	135,696	53,356
Loans:
Ending balance
Ending balance: individually evaluated for impairment, ending balance
Ending balance: collectively evaluated for impairment, ending balance

LOAN_PORTFOLIO_COMPOSITION_Cre

LOAN PORTFOLIO COMPOSITION - Credit Risk Profile of Loan Portfolio based on Rating Category and Payment Activity (Details 2) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	$187,763,473	$187,684,292	$181,021,382
Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	178,033,575	180,133,833
Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	3,636,228	2,096,634
Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	6,093,670	5,453,825
1-4 Family
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	44,129,552	44,561,089	43,246,083
1-4 Family \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	39,949,213	41,530,699
1-4 Family \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	1,638,342	655,049
1-4 Family \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	2,541,997	2,375,341
Commercial Real Estate
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	41,494,647	40,474,855	38,778,453
Commercial Real Estate \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	38,726,813	38,122,972
Commercial Real Estate \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	225,187	53,750
Commercial Real Estate \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	2,542,647	2,298,133
Agricultural Real Estate
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	43,395,717	40,119,130	35,897,025
Agricultural Real Estate \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	42,410,112	39,109,241
Agricultural Real Estate \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	862,764	887,048
Agricultural Real Estate \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	122,841	122,841
Commercial
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	23,945,542	26,813,880	29,435,402
Commercial \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	23,468,003	26,563,823
Commercial \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross
Commercial \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	477,539	250,057
Agricultural
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	10,854,507	11,844,973	8,730,075
Agricultural \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	10,172,058	11,586,833
Agricultural \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	682,449	258,140
Agricultural \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross
Home Equity
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	11,478,191	11,283,264	11,241,048
Home Equity \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	11,035,440	10,833,853
Home Equity \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	161,586	162,103
Home Equity \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	281,165	287,308
Consumer
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	12,465,317	12,587,101	13,693,296
Consumer \| Pass
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	12,271,936	12,386,412
Consumer \| Special Mention
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	65,900	80,544
Consumer \| Substandard
Accounts Notes And Loans Receivable [Line Items]
Loans receivable gross	$127,481	$120,145

LOAN_PORTFOLIO_COMPOSITION_Loa

LOAN PORTFOLIO COMPOSITION - Loan Portfolio Aging Analysis (Details 3) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	$390,122	$607,615
60-89 Days Past Due	125,371	1,097,824
Greater than 90 Days Past Due	1,834,289	850,318
Total Past Due	2,349,782	2,555,757
Current	185,413,691	185,128,535
Total Loans	187,763,473	187,684,292	181,021,382
Total Loans >90 Days & Accruing
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	263,796	420,086
60-89 Days Past Due	50,113	286,622
Greater than 90 Days Past Due	870,830	613,534
Total Past Due	1,184,739	1,320,242
Current	42,944,813	43,240,847
Total Loans	44,129,552	44,561,089	43,246,083
Total Loans >90 Days & Accruing
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due
60-89 Days Past Due		794,110
Greater than 90 Days Past Due	797,921	39,023
Total Past Due	797,921	833,133
Current	40,696,726	39,641,722
Total Loans	41,494,647	40,474,855	38,778,453
Total Loans >90 Days & Accruing
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater than 90 Days Past Due	122,841	122,841
Total Past Due	122,841	122,841
Current	43,272,876	39,996,289
Total Loans	43,395,717	40,119,130	35,897,025
Total Loans >90 Days & Accruing
Home equity
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	89,119	96,971
60-89 Days Past Due	4,119	11,561
Greater than 90 Days Past Due	25,846	58,360
Total Past Due	119,084	166,892
Current	11,359,107	11,116,372
Total Loans	11,478,191	11,283,264	11,241,048
Total Loans >90 Days & Accruing
Commercial
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater than 90 Days Past Due
Total Past Due
Current	23,945,542	26,813,880
Total Loans	23,945,542	26,813,880	29,435,402
Total Loans >90 Days & Accruing
Agricultural
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater than 90 Days Past Due
Total Past Due
Current	10,854,507	11,844,973
Total Loans	10,854,507	11,844,973	8,730,075
Total Loans >90 Days & Accruing
Consumer
Accounts Notes And Loans Receivable [Line Items]
30-59 Days Past Due	37,207	90,558
60-89 Days Past Due	71,139	5,531
Greater than 90 Days Past Due	16,851	16,560
Total Past Due	125,197	112,649
Current	12,340,120	12,474,452
Total Loans	12,465,317	12,587,101	13,693,296
Total Loans >90 Days & Accruing

LOAN_PORTFOLIO_COMPOSITION_Imp

LOAN PORTFOLIO COMPOSITION - Impaired Loans (Details 4) (Loans Receivable, USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Recorded Balance, Total	$4,465,885	$3,549,951	$3,959,047
Unpaid Principal Balance, Total	4,465,885	3,549,951	3,959,047
Specific Allowance, Total	741,780	933,166	695,507
Average Impairment in Impaired Loans, Total	4,748,866	3,797,786	4,484,374
Interest Income Recognized, Total	65,913	52,308	218,710
Interest Income Recognized Cash Basis, Total	83,083	41,162	189,536
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	125,019	143,159	129,272
Loans without a specific valuation allowance, Unpaid Principal Balance	125,019	143,159	129,272
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	214,838	223,902	220,541
Loans without a specific valuation allowance, Interest Income Recognized	3,105	3,244	12,818
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	2,863	3,494	13,076
Loans with a specific valuation allowance, Recorded Balance	573,536	406,406	584,690
Loans with a specific valuation allowance, Unpaid Principal Balance	573,536	406,406	584,690
Loans with a specific valuation allowance, Specific Allowance	207,554	126,104	183,196
Loans with a specific valuation allowance, Average Impairment in Impaired Loans	582,275	410,611	604,031
Loans with a specific valuation allowance, Interest Income Recognized	10,868	5,929	28,722
Loans with a specific valuation allowance, Interest Income Recognized Cash Basis	9,060	4,655	26,783
Recorded Balance, Total	698,555	549,565	713,962
Unpaid Principal Balance, Total	698,555	549,565	713,962
Specific Allowance, Total	207,554	126,104	183,196
Average Impairment in Impaired Loans, Total	797,113	634,513	824,572
Interest Income Recognized, Total	13,973	9,174	41,540
Interest Income Recognized Cash Basis, Total	11,923	8,149	39,859
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	854,026	452,080	564,610
Loans without a specific valuation allowance, Unpaid Principal Balance	854,026	452,080	564,610
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	887,087	476,167	757,616
Loans without a specific valuation allowance, Interest Income Recognized	10,983	5,510	19,826
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	7,531	1,182	18,816
Loans with a specific valuation allowance, Recorded Balance	1,121,354	1,411,011	1,125,641
Loans with a specific valuation allowance, Unpaid Principal Balance	1,121,354	1,411,011	1,125,641
Loans with a specific valuation allowance, Specific Allowance	359,054	257,427	348,240
Loans with a specific valuation allowance, Average Impairment in Impaired Loans	1,123,872	1,447,978	1,134,401
Loans with a specific valuation allowance, Interest Income Recognized	16,764	21,174	66,864
Loans with a specific valuation allowance, Interest Income Recognized Cash Basis	5,040	20,948	60,012
Recorded Balance, Total	1,975,380	1,863,091	1,690,251
Unpaid Principal Balance, Total	1,975,380	1,863,091	1,690,251
Specific Allowance, Total	359,054	257,427	348,240
Average Impairment in Impaired Loans, Total	2,010,959	1,924,145	1,892,017
Interest Income Recognized, Total	27,747	26,684	86,690
Interest Income Recognized Cash Basis, Total	12,571	22,130	78,828
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	985,606	126,323	1,009,889
Loans without a specific valuation allowance, Unpaid Principal Balance	985,606	126,323	1,009,889
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	998,835	127,166	1,037,661
Loans without a specific valuation allowance, Interest Income Recognized	13,875	3,100	58,253
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	30,345	843	149,159
Recorded Balance, Total	985,606	126,323	1,009,889
Unpaid Principal Balance, Total	985,606	126,323	1,009,889
Specific Allowance, Total
Average Impairment in Impaired Loans, Total	998,835	127,166	1,037,661
Interest Income Recognized, Total	13,875	3,100	58,253
Interest Income Recognized Cash Basis, Total	30,345	843	49,159
Commercial
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	237,590	290,000
Loans without a specific valuation allowance, Unpaid Principal Balance	237,590	290,000
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	289,166	319,109
Loans without a specific valuation allowance, Interest Income Recognized	3,209	3,541
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis		1,008
Loans with a specific valuation allowance, Recorded Balance	231,446	583,113	240,805
Loans with a specific valuation allowance, Unpaid Principal Balance	231,446	583,113	240,805
Loans with a specific valuation allowance, Specific Allowance	165,190	537,946	154,089
Loans with a specific valuation allowance, Average Impairment in Impaired Loans	283,538	650,046	319,812
Loans with a specific valuation allowance, Interest Income Recognized	3,207	7,856	14,425
Loans with a specific valuation allowance, Interest Income Recognized Cash Basis	12,667	7,918	16,554
Recorded Balance, Total	469,036	873,113	240,805
Unpaid Principal Balance, Total	469,036	873,113	240,805
Specific Allowance, Total	165,190	537,946	154,089
Average Impairment in Impaired Loans, Total	572,704	969,155	319,812
Interest Income Recognized, Total	6,416	11,397	14,425
Interest Income Recognized Cash Basis, Total	12,667	8,926	16,554
Agricultural
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	272,021		258,140
Loans without a specific valuation allowance, Unpaid Principal Balance	272,021		258,140
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	311,499		358,529
Loans without a specific valuation allowance, Interest Income Recognized	2,762		13,723
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	14,573		1,046
Recorded Balance, Total	272,021		258,140
Unpaid Principal Balance, Total	272,021		258,140
Specific Allowance, Total
Average Impairment in Impaired Loans, Total	311,499		358,529
Interest Income Recognized, Total	2,762		13,723
Interest Income Recognized Cash Basis, Total	14,573		1,046
Home equity
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	47,181	26,924	27,549
Loans without a specific valuation allowance, Unpaid Principal Balance	47,181	26,924	27,549
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	38,916	30,851	29,505
Loans without a specific valuation allowance, Interest Income Recognized	795	718	2,881
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	793	798	2,939
Loans with a specific valuation allowance, Recorded Balance	9,982		9,982
Loans with a specific valuation allowance, Unpaid Principal Balance	9,982		9,982
Loans with a specific valuation allowance, Specific Allowance	9,982		9,982
Loans with a specific valuation allowance, Average Impairment in Impaired Loans	9,982		9,993
Loans with a specific valuation allowance, Interest Income Recognized	175		247
Loans with a specific valuation allowance, Interest Income Recognized Cash Basis	181		187
Recorded Balance, Total	57,163	26,924	37,531
Unpaid Principal Balance, Total	57,163	26,924	37,531
Specific Allowance, Total	9,982		9,982
Average Impairment in Impaired Loans, Total	48,898	30,851	39,498
Interest Income Recognized, Total	970	718	3,128
Interest Income Recognized Cash Basis, Total	974	798	3,126
Consumer
Accounts Notes And Loans Receivable [Line Items]
Loans without a specific valuation allowance, Recorded Balance	8,124	13,521	8,469
Loans without a specific valuation allowance, Unpaid Principal Balance	8,124	13,521	8,469
Loans without a specific valuation allowance, Average Impairment in Impaired Loans	8,858	14,542	12,285
Loans without a specific valuation allowance, Interest Income Recognized	170	276	951
Loans without a specific valuation allowance, Interest Income Recognized Cash Basis	30	316	964
Loans with a specific valuation allowance, Recorded Balance		97,414
Loans with a specific valuation allowance, Unpaid Principal Balance		97,414
Loans with a specific valuation allowance, Specific Allowance		11,689
Loans with a specific valuation allowance, Average Impairment in Impaired Loans		97,414
Loans with a specific valuation allowance, Interest Income Recognized		958
Loans with a specific valuation allowance, Interest Income Recognized Cash Basis
Recorded Balance, Total	8,124	110,935	8,469
Unpaid Principal Balance, Total	8,124	110,935	8,469
Specific Allowance, Total		11,689
Average Impairment in Impaired Loans, Total	8,858	111,956	12,285
Interest Income Recognized, Total	170	1,235	951
Interest Income Recognized Cash Basis, Total	$30	$316	$964

LOAN_PORTFOLIO_COMPOSITION_Rec

LOAN PORTFOLIO COMPOSITION - Recorded Balance at Original Cost of Troubled Debt Restructurings (Details 5) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	$2,175,825	$2,283,293
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	761,616	747,470
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	1,153,266	1,265,079
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost
Home equity
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	14,898	15,379
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	203,162	212,579
Agricultural loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost
Consumer loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost	$42,883	$42,786

LOAN_PORTFOLIO_COMPOSITION_Rec1

LOAN PORTFOLIO COMPOSITION - Recorded Balance at Original Cost of Troubled Debt Restructurings which were Performing According to Terms of Restructuring (Details 6) (Loans Receivable, USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	$1,174,899	$1,306,339
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	558,038	567,931
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	359,156	470,969
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing
Home equity
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	11,660	12,074
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	203,162	212,579
Agricultural loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing
Consumer loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, original cost, performing	$42,883	$42,786

LOAN_PORTFOLIO_COMPOSITION_Loa1

LOAN PORTFOLIO COMPOSITION - Loans Modified as Troubled Debt Restructurings (Details 7) (Loans Receivable, USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	Loan	Loan
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification	2	1
Troubled debt restructurings, recorded investment	$109,826	$19,582
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification	1
Troubled debt restructurings, recorded investment	107,357
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification
Troubled debt restructurings, recorded investment
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification
Troubled debt restructurings, recorded investment
Home equity
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification
Troubled debt restructurings, recorded investment
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification
Troubled debt restructurings, recorded investment
Agricultural loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification
Troubled debt restructurings, recorded investment
Consumer loans
Accounts Notes And Loans Receivable [Line Items]
Troubled debt restructurings, number of modification	1	1
Troubled debt restructurings, recorded investment	$2,469	$19,582

LOAN_PORTFOLIO_COMPOSITION_Non

LOAN PORTFOLIO COMPOSITION - Nonaccrual Loans (Details 8) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	$2,515,443	$2,264,053
One-to-four family residential
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	1,285,974	994,855
Commercial real estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	890,909	932,578
Agricultural real estate
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	122,841	122,841
Home equity
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	103,377	120,698
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	19,682	22,438
Agricultural loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings
Consumer loans
Accounts Notes And Loans Receivable [Line Items]
Nonaccrual loans excludes performing troubled debt restructurings	$92,660	$70,643

LOAN_PORTFOLIO_COMPOSITION_Det

LOAN PORTFOLIO COMPOSITION (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	Mar. 31, 2015	Loan
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan commitments reimbursement period	45 days
Percentage of total applicant's monthly mortgage payment total monthly income	30.00%
Percentage of applicant's total monthly obligations to total monthly income	43.00%
One-to-Four Family Mortgage Loans \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratios	80.00%
One-to-Four Family Mortgage Loans \| Minimum \| Adjustable rate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans adjustment term	1 year
One-to-Four Family Mortgage Loans \| Minimum \| Freddie Mac and Federal Home Loan Bank Mortgage Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans maturity term	15 years
One-to-Four Family Mortgage Loans \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans maturity term	30 years
One-to-Four Family Mortgage Loans \| Maximum \| Adjustable rate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans adjustment term	5 years
Commercial Real Estate Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum ratio of property's projected net cash flow to loan's debt service requirement	120.00%
TDR's defaulted as they were more than 90 days past due	$794,110
Commercial Real Estate Loans \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan value that requires written appraisals from licensed or certified appraisers	250,000
Commercial Real Estate Loans \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans adjustment term	5 years
Loan to value ratios	80.00%
Agricultural Real Estate Loans \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum ratio of property's projected net cash flow to loan's debt service requirement	120.00%
Loan value that requires written appraisals from licensed or certified appraisers	250,000
Agricultural Real Estate Loans \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratios	80.00%
Loan to value ratio	75.00%
Agricultural Real Estate Loans \| Maximum \| Adjustable rate loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans maturity term	30 years
Mortgage loans adjustment term	5 years
Home Equity Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratios	95.00%
Troubled debt restructurings, subsequent default, number of modifications		1
TDR's defaulted as they were more than 90 days past due	3,238	4,027
Home Equity Loans \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans maturity term	10 years
Automobile Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Automobile loan term	60 months
Automobile Loans \| Purchase Price
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratio	80.00%
Automobile Loans \| NADA Book Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value ratio	100.00%
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings, recorded investment	2,469	19,582
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings, recorded investment	107,357
Troubled debt restructurings, subsequent default, number of modifications		2
TDR's defaulted as they were more than 90 days past due	203,578	69,918
Commercial Real Estate And Commercial Loans \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan amount that requires risk rating verification	750,000
Officer \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lending authority amount	750,000
Director \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lending authority amount	1,000,000
Board of Directors \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lending authority amount	$1,000,000

INVESTMENTS_Amortized_Cost_and

INVESTMENTS - Amortized Cost and Approximate Fair Value of Available-for-Sale Securities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost	$87,746,579	$95,606,893
Available-for-sale securities, Gross Unrealized Gains	2,162,106	1,957,062
Available-for-sale securities, Gross Unrealized Losses	-338,135	-879,058
Available-for-sale securities, Fair Value	89,570,550	96,684,897
U.S. Government and agencies
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost	12,877,852	10,031,683
Available-for-sale securities, Gross Unrealized Gains	112,943	65,328
Available-for-sale securities, Gross Unrealized Losses	-44,375	-138,738
Available-for-sale securities, Fair Value	12,946,420	9,958,273
Mortgage-backed securities (government-sponsored enterprises - residential)
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost	34,680,250	41,196,695
Available-for-sale securities, Gross Unrealized Gains	526,641	433,757
Available-for-sale securities, Gross Unrealized Losses	-64,086	-210,531
Available-for-sale securities, Fair Value	35,142,805	41,419,921
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost	40,188,477	44,378,515
Available-for-sale securities, Gross Unrealized Gains	1,522,522	1,457,977
Available-for-sale securities, Gross Unrealized Losses	-229,674	-529,789
Available-for-sale securities, Fair Value	$41,481,325	$45,306,703

INVESTMENTS_Amortized_Cost_and1

INVESTMENTS - Amortized Cost and Fair Value of Available-for-Sale Securities by Contractual Maturities (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Amortized Cost
Within one year	$1,035,486
One to five years	8,058,306
Five to ten years	27,557,064
After ten years	16,415,473
Available-for-sale securities, single maturity date, amortized cost	53,066,329
Mortgage-backed securities (government- sponsored enterprises - residential)	34,680,250
Available-for-sale securities, amortized cost, total	87,746,579
Fair Value
Within one year	1,052,024
One to five years	8,360,658
Five to ten years	28,257,133
After ten years	16,757,930
Available-for-sale securities, single maturity date, fair value	54,427,745	55,264,976
Mortgage-backed securities (government- sponsored enterprises - residential)	35,142,805	41,419,921
Available-for-sale securities, fair value, total	$89,570,550

INVESTMENTS_Gross_Unrealized_L

INVESTMENTS - Gross Unrealized Losses and Fair Value in Continuous Loss Position (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Investments, Unrealized Loss Position [Line Items]
Less Than Twelve Months, Gross Unrealized Losses	($65,849)	($86,220)
Less Than Twelve Months, Fair Value	9,139,984	8,970,200
Twelve Months or More, Gross Unrealized Losses	-272,286	-792,838
Twelve Months or More, Fair Value	15,824,011	31,617,208
Gross Unrealized Losses	-338,135	-879,058
Fair Value	24,963,995	40,587,408
U.S. Government and agencies
Investments, Unrealized Loss Position [Line Items]
Less Than Twelve Months, Gross Unrealized Losses	-6,274	-28,208
Less Than Twelve Months, Fair Value	2,291,667	2,955,829
Twelve Months or More, Gross Unrealized Losses	-38,101	-110,530
Twelve Months or More, Fair Value	1,970,912	3,949,940
Gross Unrealized Losses	-44,375	-138,738
Fair Value	4,262,579	6,905,769
Mortgage-backed securities (government-sponsored enterprises - residential)
Investments, Unrealized Loss Position [Line Items]
Less Than Twelve Months, Gross Unrealized Losses	-9,402	-13,358
Less Than Twelve Months, Fair Value	2,087,500	2,061,203
Twelve Months or More, Gross Unrealized Losses	-54,684	-197,173
Twelve Months or More, Fair Value	7,270,637	13,725,099
Gross Unrealized Losses	-64,086	-210,531
Fair Value	9,358,137	15,786,302
Municipal bonds
Investments, Unrealized Loss Position [Line Items]
Less Than Twelve Months, Gross Unrealized Losses	-50,173	-44,654
Less Than Twelve Months, Fair Value	4,760,817	3,953,168
Twelve Months or More, Gross Unrealized Losses	-179,501	-485,135
Twelve Months or More, Fair Value	6,582,462	13,942,169
Gross Unrealized Losses	-229,674	-529,789
Fair Value	$11,343,279	$17,895,337

INVESTMENTS_Detail_Textuals

INVESTMENTS (Detail Textuals) (USD $)	3 Months Ended
INVESTMENTS (Detail Textuals) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Schedule Of Investments [Abstract]
Securities pledged as collateral	$20,423,000		$21,122,000
Securities sold under agreements to repurchase	7,167,000		9,165,000
Gross realized gains on sales of available-for-sale securities	165,000	120,000
Gross realized losses on sales of available-for-sale securities	32,000	20,000
Debt securities, fair value	$24,964,000		$40,587,000
Percentage of available-for-sale investment portfolio	28.00%		42.00%

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME - Other Comprehensive Income Components and Related Taxes (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net-of-tax amount	$1,203,821	$711,483
Unrealized gains (losses) on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gain on securities available-for-sale	1,823,971	1,078,004
Tax effect	-620,150	-366,521
Net-of-tax amount	$1,203,821	$711,483

CHANGES_IN_ACCUMULATED_OTHER_C2

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT - Amount Reclassified from Accumulated Other Comprehensive Income and Affected Line Items in Statements of Income (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	($45,293)	($33,951)
Total reclassification out of AOCI	87,923	65,904
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gains on sales of available-for-sale securities	133,216	99,855
Reclassification out of Accumulated Other Comprehensive Income \| Income taxes
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	-45,293	-33,951
Reclassification out of Accumulated Other Comprehensive Income \| Net reclassified amount
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification out of AOCI	87,923	65,904
Reclassification out of Accumulated Other Comprehensive Income \| Unrealized gains (losses) on available-for-sale securities \| Net realized gains on sales of available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized gains on sales of available-for-sale securities	$133,216	$99,855

DISCLOSURES_ABOUT_FAIR_VALUE_O2

DISCLOSURES ABOUT FAIR VALUE OF ASSETS - Fair Value Measurements of Assets Recognized in Balance Sheets on Recurring Basis (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	$89,570,550	$96,684,897
Recurring \| U.S. Government and agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	12,946,420	9,958,273
Recurring \| Mortgage-backed securities (government-sponsored enterprises - residential)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	35,142,805	41,419,921
Recurring \| Municipal bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	41,481,325	45,306,703
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Recurring \| U.S. Government and agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Recurring \| Mortgage-backed securities (government-sponsored enterprises - residential)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Recurring \| Municipal bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale
Significant Other Observable Inputs (Level 2) \| Recurring \| U.S. Government and agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	12,946,420	9,958,273
Significant Other Observable Inputs (Level 2) \| Recurring \| Mortgage-backed securities (government-sponsored enterprises - residential)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	35,142,805	41,419,921
Significant Other Observable Inputs (Level 2) \| Recurring \| Municipal bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale	41,481,325	45,306,703
Significant Unobservable Inputs (Level 3) \| Recurring \| U.S. Government and agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale
Significant Unobservable Inputs (Level 3) \| Recurring \| Mortgage-backed securities (government-sponsored enterprises - residential)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale
Significant Unobservable Inputs (Level 3) \| Recurring \| Municipal bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale

DISCLOSURES_ABOUT_FAIR_VALUE_O3

DISCLOSURES ABOUT FAIR VALUE OF ASSETS - Fair Value Measurement of Assets Measured at Fair Value on Nonrecurring Basis (Details 1) (Nonrecurring, USD $)	Mar. 31, 2015	Dec. 31, 2014
Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis	$510,908	$1,147,400
Foreclosed assets
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis	113,880
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Foreclosed assets
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis
Significant Other Observable Inputs (Level 2) \| Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis
Significant Other Observable Inputs (Level 2) \| Foreclosed assets
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis
Significant Unobservable Inputs (Level 3) \| Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis	510,908	1,147,400
Significant Unobservable Inputs (Level 3) \| Foreclosed assets
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets measured at fair value on a nonrecurring basis	$113,880

DISCLOSURES_ABOUT_FAIR_VALUE_O4

DISCLOSURES ABOUT FAIR VALUE OF ASSETS - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Details 2) (Significant Unobservable Inputs (Level 3), USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Collateral-dependent impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$510,908	$1,147,400
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Marketability discount
Collateral-dependent impaired loans \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount	20.00%	20.00%
Collateral-dependent impaired loans \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount	30.00%	30.00%
Collateral-dependent impaired loans \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount	25.00%	25.00%
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$113,880
Valuation Technique	Market comparable Properties
Unobservable Inputs	Comparability Adjustment
Foreclosed assets \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Comparability adjustments (%)	6.00%

DISCLOSURES_ABOUT_FAIR_VALUE_O5

DISCLOSURES ABOUT FAIR VALUE OF ASSETS - Estimated Fair Values of Other Financial Instruments (Details 3) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Carrying Amount
Financial Assets
Cash and cash equivalents	$9,629,582	$9,611,638
Interest-earning time deposits in banks	1,233,000
Other investments	72,466	73,766
Loans held for sale	881,178	235,600
Loans, net of allowance for loan losses	184,776,897	184,718,612
Federal Home Loan Bank stock	1,113,800	1,113,800
Interest receivable	1,802,271	1,713,243
Financial Liabilities
Deposits	243,957,148	245,941,562
Short-term borrowings	8,828,123	13,821,730
Advances from borrowers for taxes and insurance	1,356,630	962,762
Interest payable	153,240	166,052
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans
Letters of credit
Lines of credit
Fair Value Measurement \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets
Cash and cash equivalents	9,629,582	9,611,638
Interest-earning time deposits in banks	1,233,000
Other investments
Loans held for sale
Loans, net of allowance for loan losses
Federal Home Loan Bank stock
Interest receivable
Financial Liabilities
Deposits
Short-term borrowings
Advances from borrowers for taxes and insurance
Interest payable
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans
Letters of credit
Lines of credit
Fair Value Measurement \| Significant Other Observable Inputs (Level 2)
Financial Assets
Cash and cash equivalents
Interest-earning time deposits in banks
Other investments	72,466	73,766
Loans held for sale	881,178	235,600
Loans, net of allowance for loan losses
Federal Home Loan Bank stock	1,113,800	1,113,800
Interest receivable	1,802,271	1,713,243
Financial Liabilities
Deposits	153,209,299	151,341,999
Short-term borrowings	3,828,123	8,821,730
Advances from borrowers for taxes and insurance	1,356,630	962,762
Interest payable	153,240	166,052
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans
Letters of credit
Lines of credit
Fair Value Measurement \| Significant Unobservable Inputs (Level 3)
Financial Assets
Cash and cash equivalents
Interest-earning time deposits in banks
Other investments
Loans held for sale
Loans, net of allowance for loan losses	184,561,769	184,573,401
Federal Home Loan Bank stock
Interest receivable
Financial Liabilities
Deposits	92,970,697	96,956,400
Short-term borrowings	4,996,338	4,996,109
Advances from borrowers for taxes and insurance
Interest payable
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans
Letters of credit
Lines of credit

MORTGAGE_SERVICING_RIGHTS_Mort

MORTGAGE SERVICING RIGHTS- Mortgage Servicing Rights Measured using Amortization Method with Aggregate Activity in Related Valuation Allowances - Activity in the balance of mortgage servicing rights, measured using the amortization method (Details) (Mortgage servicing rights, USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Mortgage servicing rights
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of period	$632,634	$673,576
Servicing rights capitalized	18,298	53,859
Amortization of servicing rights	-28,622	-111,224
Change in valuation allowance	2,528	16,423
Balance, end of period	$624,838	$632,634

MORTGAGE_SERVICING_RIGHTS_Mort1

MORTGAGE SERVICING RIGHTS - Mortgage Servicing Rights Measured using Amortization Method with Aggregate Activity in Related Valuation Allowances - Activity in the valuation allowance for mortgage servicing rights (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Balance, end of period	$54,441	$56,969
Capitalized mortgage servicing rights
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Balance, beginning of period	56,969	73,392
Additions
Reductions	-2,528	-16,423
Balance, end of period	$54,441	$56,969

INCOME_TAXES_Reconciliation_of

INCOME TAXES - Reconciliation of Income Tax Expense at Statutory Rate to Actual Income Tax Expense (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Computed at the statutory rate (34%)	$366,218	$392,122
Increase (decrease) resulting from
Tax exempt interest	-107,610	-133,698
State income taxes, net	48,124	67,567
Increase in cash surrender value	-14,937	-16,388
Other, net	-941	3,906
Actual tax expense	$290,854	$313,509

INCOME_TAXES_Reconciliation_of1

INCOME TAXES - Reconciliation of Income Tax Expense at Statutory Rate to Actual Income Tax Expense (Parentheticals) (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Statutory income tax rate	34.00%	34.00%