Edgewater Bancorp (EGDW) 10-K 30 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 17, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	Edgewater Bancorp, Inc.
Entity Central Index Key	1584770
Trading Symbol	egdw
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		667,898
Entity Public Float			$7,026,140
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and due from banks	$763,968	$683,930
Interest-earning demand accounts	12,680,629	9,638,146
Cash and cash equivalents	13,444,597	10,322,076
Available-for-sale securities	12,718,065	15,593,540
Federal Home Loan Bank (FHLB) stock	1,078,900	1,408,200
Loans held for sale	48,300
Loans receivable, net of allowance for losses of $1,075,351 and $1,061,141, respectively	89,479,525	86,092,038
Premises and equipment, net	3,912,291	4,473,690
Other real estate, net	467,000	1,168,796
Interest receivable	302,777	312,615
Mortgage servicing right	432,105	513,170
Other assets	460,562	1,242,327
Total assets	122,344,122	121,126,452
Deposits
Noninterest bearing	11,730,674	12,188,446
Interest-bearing	86,762,438	95,882,580
Total deposits	98,493,112	108,071,026
Federal Home Loan Bank advances	10,000,000
Stock conversion proceeds in escrow		3,076,038
Accrued and other liabilities	547,550	690,457
Total liabilities	109,040,662	111,837,521
Commitments and contingencies
Temporary Equity
ESOP shares subject to mandatory redemption	22,193
Equity
Common Stock-shares authorized 7,000,000: shares issued and outstanding 667,898 at $.01 par value	6,679
Paid-in-capital	4,683,434
Retained earnings	8,607,914	9,424,187
Accumulated other comprehensive loss	-16,760	-135,256
Total equity	13,281,267	9,288,931
Total liabilities and equity	$122,344,122	$121,126,452

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Consolidated Balance Sheets
Loans, allowance for losses	$1,075,351	$1,061,141
Common stock, shares authorized	7,000,000
Common stock, shares issued	667,898
Common stock, shares outstanding	667,898
Common stock, par value (in dollars per share)	$0.01

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Interest Income
Loans, including fees	$3,869,586	$4,023,681
Debt securities
Taxable	146,015	178,195
Tax-exempt	48,688	42,734
Federal Home Loan Bank stock	59,019	51,253
Other	17,231	39,388
Total interest income	4,140,539	4,335,251
Interest Expense
Deposits	386,137	548,700
Federal Home Loan Bank advances	106,463	8,852
Total interest expense	492,600	557,552
Net interest income	3,647,939	3,777,699
Provision for loan losses		640,000
Net Interest Income After Provision for Loan Losses	3,647,939	3,137,699
Other Income
Service charges, deposits	382,506	501,808
Mortgage banking activities	253,258	408,218
Other	120,680	144,294
Total other income	756,444	1,054,320
Other Expense
Salaries and employee benefits	2,523,934	2,422,275
Occupancy and equipment	827,111	840,298
Data processing	526,768	703,059
(Gain) Loss on sale of other real estate, net	-2,266	233,250
Interchange	79,571	71,173
Advertising	90,520	80,228
FDIC insurance premiums	151,301	168,256
Other real estate	82,223	231,276
Professional fees	576,232	592,182
Insurance	76,371	77,626
Other	288,891	386,775
Total other expense	5,220,656	5,806,398
Loss Before Income Taxes	-816,273	-1,614,379
Provision for Income Taxes
Net Loss	($816,273)	($1,614,379)
Basic and Diluted Loss Per Share (in dollars per share)	($1.38)

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Comprehensive Loss
Net Loss	($816,273)	($1,614,379)
Other Comprehensive Income (Loss)
Net change in unrealized gains (losses) on investment securities available for sale	118,496	-372,045
Less: reclassification adjustment for realized gains (losses) included in net loss
Other comprehensive income (loss) before income tax	118,496	-372,045
Tax expense (benefit), net of deferred tax asset valuation impact of ($40,289) and $126,495, respectively
Comprehensive Loss	($697,777)	($1,986,424)

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Loss (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Comprehensive Loss
Tax benefit, deferred tax asset valuation impact	($40,289)	$126,495

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2012			$11,038,566	$236,789	$11,275,355
Increase (Decrease) in Equity
Net loss			-1,614,379		-1,614,379
Other comprehensive income (loss)				-372,045	-372,045
Balance at Dec. 31, 2013			9,424,187	-135,256	9,288,931
Increase (Decrease) in Equity
Issuance of common stock, net of offering costs	6,679	4,683,434			4,690,113
Issuance of common stock, net of offering costs (in shares)	667,898
Net loss			-816,273		-816,273
Other comprehensive income (loss)				118,496	118,496
Balance at Dec. 31, 2014	$6,679	$4,683,434	$8,607,914	($16,760)	$13,281,267
Balance (in shares) at Dec. 31, 2014	667,898				667,898

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net loss	($816,273)	($1,614,379)
Items not requiring (providing) cash
Depreciation and amortization	466,839	509,332
Provision for loan losses		640,000
Amortization of premiums on available-for-sale securities	116,047	158,297
ESOP shares earned	22,193
Change in fair value of mortgage servicing rights	33,978	82,484
(Gain) Loss on sale of other real estate	2,266	-233,250
Net realized gains on sales of available-for-sale securities
Amortization of mortgage servicing rights	106,819	92,255
Loans originated for sale	-6,887,612	-15,790,320
Proceeds from loans sold	6,921,030	16,585,736
Gain on sale of loans	-141,450	-249,435
Loss on sale of premises and equipment	18,631	5,588
Change in
Interest receivable and other assets	37,639	-789,564
Interest payable and other liabilities	-142,906	-31,446
Net cash used in operating activities	-267,331	-168,202
Investing Activities
Purchases of available-for-sale securities		-4,894,274
Proceeds from calls and maturities of available-for-sale securities	2,877,924	3,325,737
Proceeds sale of FHLB Stock	329,300
Net change in loans	-3,774,831	1,038,114
Proceeds from sale of other real estate	1,091,406	2,515,988
Payment for sale of branch, net	-13,327,513
Proceeds from sale of premises and equipment	220,823	204,412
Purchases of premises and equipment	-144,894	-461,518
Net cash provided by (used in) investing activities	-12,727,785	1,728,459
Financing Activities
Net change in deposits	3,749,599	1,662,985
Proceeds from stock conversion escrow	2,368,038	3,076,038
Proceeds from Federal Home Loan Bank advances	11,000,000
Repayment of Federal Home Loan Bank advances	-1,000,000	-5,000,000
Net cash provided by (used in) financing activities	16,117,637	-260,977
Net Increase in Cash and Cash Equivalents	3,122,521	1,299,280
Cash and Cash Equivalents, Beginning of Period	10,322,076	9,022,796
Cash and Cash Equivalents, End of Period	13,444,597	10,322,076
Additional Cash Flows Information:
Interest paid	487,376	557,553
Loans transferred to other real estate	387,344	726,897
Capitalization of mortgage serving rights	59,732	137,019
Deferred gain on sale/leaseback transaction		$66,119

Nature_of_Operations_and_Summa

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1:
	Nature of Operations and Summary of Significant Accounting Policies
	Nature of Operations and Conversion
	Edgewater Bank, a federally chartered mutual savings association (the “Bank”) is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in the Berrien, Van Buren and to a lesser extent Cass Counties, Michigan. The Bank is subject to competition from other financial institutions. The Bank is subject to the regulation of the certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.
	The Banks’s wholly-owned subsidiaries, Explorer Financial Service Corporation (EFSC) and Edgewater Insurance Agency, Inc. (EIA) are included in the consolidated financial statements. EFSC is primarily engaged in providing title insurance services and EIA is used to collect premiums and receive commissions for insurance related benefits the Bank offers its employees.
	On January 16, 2014, in accordance with a Plan of Conversion and Reorganization, the Bank completed a mutual-to-stock conversion pursuant to which the Bank became the wholly owned subsidiary of Edgewater Bancorp, Inc. (the “Company”), a Maryland stock holding corporation. In connection with the Conversion, the Company sold 667,898 shares of common stock, at an offering price of  $10 per share. The Company’s stock began being quoted on the OTC Bulletin Board on January 17, 2014 under the symbol “EGDW,” and is currently quoted on the OTCQB operated by OTC Markets Group, Inc. under the symbol “EGDW.”
	The net proceeds from the stock offering, net of offering costs of approximately $1,455,000, amounted to approximately $4,690,000.
	Also, in connection with the Conversion, the Bank established an employee stock ownership plan (the “ESOP”), which purchased 53,431 shares of the Company’s common stock at a price of  $10 per share.
	In accordance with the OCC regulations, at the time of the Conversion of the mutual bank to a stock holding company, the Company was required to substantially restrict retained earnings by establishing a liquidation account and the Bank established a parallel liquidation account. The liquidations account will be maintained for the benefit of eligible holders who continue to maintain their accounts at the Bank after conversion. The liquidation account will be reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holders’ interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. All information as of and for the periods ended December 31, 2013 is Bank only pre-conversion data.
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and fair values of financial instruments.
	Cash and Cash Equivalents
	The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2014 and 2013, the Company had no cash equivalents.
	At December 31, 2014, none of the Company’s cash accounts at nonfederal government or governmental related entities exceeded federally insured limits, which is $250,000 per covered institution.
	Securities
	Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.
	For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security.
	Federal Home Loan Bank Stock
	Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank system. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment.
	Loans Held for Sale
	Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
	Loans
	Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans.
	For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan.
	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 nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful.
	All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is applied to the principal balance until the loan can be returned to an accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
	For all loan portfolio segments, the Company promptly charges off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral.
	When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms.
	Allowance for Loan Losses
	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility 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 collectibility 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. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data.
	A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest 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 construction 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, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
	In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In restructuring the loan, the Company attempts to work out an alternative payment schedule with the borrower in order to optimize collectability of the loan. A troubled debt restructuring (TDR) occurs when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status, and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two.
	Nonaccrual loans, including TDRs that have not met the six month minimum performance criterion, are reported in this report as non-performing loans. For all loan classes, it is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance, at which time management would consider its return to accrual status. A loan is generally classified as nonaccrual when the Company believes that receipt of principal and interest is questionable under the terms of the loan agreement. Most generally, this is at 90 or more days past due.
	With regard to determination of the amount of the allowance for credit losses, restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously above.
	Premises and Equipment
	Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets.
	The estimated useful lives for premises and equipment are as follows:
	​	Buildings	39 years
	​	Building and land improvements	10 years
	​	Furniture, fixtures and equipment	3 – 7 years
	Other Real Estate
	Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from other real estate.
	Mortgage Servicing Rights
	Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using either the fair value or the amortization method. Under the fair value method, the servicing rights are carried in the balance sheet at fair value and the changes in fair value are reported in earnings in the period in which the changes occur. Amortized mortgage servicing rights include commercial mortgage servicing rights. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date.
	Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income.
	Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances, if any, are reported with mortgage banking activities on the statements of operations. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized.
	Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights and servicing fee income are included with mortgage banking activities on the statements of operations.
	Off-Balance Sheet Instruments
	In the ordinary course of business, the Company has entered into commitments under commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded.
	Transfers of Financial Assets
	Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
	Income Taxes
	The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized.
	Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely- than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. With a few exceptions, the Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2011.
	The Company recognizes interest and penalties, if any, on income taxes as a component of income tax expense.
	The Company files consolidated income tax returns with its subsidiary.
	Comprehensive Loss
	Comprehensive loss consists of net loss and other comprehensive income (loss), net of applicable loss taxes. Other comprehensive income (loss) includes unrealized appreciation (depreciation) on available-for-sale securities.

Restriction_on_Cash_and_Due_Fr

Restriction on Cash and Due From Banks	12 Months Ended
	Dec. 31, 2014
Restriction on Cash and Due From Banks
Restriction on Cash and Due From Banks	Note 2:
	Restriction on Cash and Due From Banks
	The Company is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required was $486,000 and $502,000 at December 31, 2014 and 2013, respectively.

Securities

Securities

12 Months Ended

Dec. 31, 2014

Securities

Securities

Note 3:

Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:

​

2014

​

Amortized

Gross

Gross

Approximate

Cost

Unrealized

Unrealized

Fair

Gains

Losses

Value

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

5,002,617

​

$

3,230

​

$

66,017

​

$

4,939,830

State and political subdivisions

​

​

3,354,828

​

​

20,436

​

​

14,179

​

​

3,361,085

Mortgage-backed – Government-Sponsored Enterprise (GSE)-residential

​

​

3,357,163

​

​

32,790

​

​

5,951

​

​

3,384,002

Collateralized mortgage obligations – GSE

​

​

1,020,217

​

​

12,931

​

​

—

​

​

1,033,148

Total available-for-sale securities

​

$

12,734,825

​

$

69,387

​

$

86,147

​

$

12,718,065

​

2013

​

Amortized

Gross

Gross

Approximate

Cost

Unrealized

Unrealized

Fair

Gains

Losses

Value

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

6,557,658

​

$

9,682

​

$

126,202

​

$

6,441,138

State and political subdivisions

​

​

3,359,021

​

​

18,008

​

​

39,304

​

​

3,337,725

Mortgage-backed – Government Sponsored Enterprise (GSE)-residential

​

​

4,224,511

​

​

36,873

​

​

30,254

​

​

4,231,130

Collateralized mortgage obligations – GSE

​

​

1,587,606

​

​

9,908

​

​

13,967

​

​

1,583,547

Total available-for-sale securities

​

$

15,728,796

​

$

74,471

​

$

209,727

​

$

15,593,540

The amortized cost and fair value of available-for-sale securities at December 31, 2014, 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.

​

December 31, 2014

​

Amortized

Fair

Cost

Value

Within one year

​

$

795,000

​

$

795,723

After one through five years

​

​

7,562,445

​

​

7,505,192

​

​

​

8,357,445

​

​

8,300,915

Mortgage-backed – GSE residential

​

​

3,357,163

​

​

3,384,002

Collateralized debt obligations

​

​

1,020,217

​

​

1,033,148

​

​

$

12,734,825

​

$

12,718,065

The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $345,931 and $459,263 at December 31, 2014 and 2013, respectively.

For the years ended December 31, 2014 and December 31 2013, there were no sales of securities available for sale.

Certain investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost. Total fair value of these investments at December 31, 2014 and 2013, was $6,066,781 and $10,024,662, which is approximately 48% and 64%, respectively, of the Company’s available-for-sale investment portfolio. These declines primarily resulted from recent increases in market interest rates since the securities were purchased.

Management believes the declines in fair value for these securities are temporary.

The following table shows the Company’s investments’ gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2014 and 2013:

​

2014

​

Less than 12 Months

12 Months or Longer

Total

​

Fair

Gross

Fair

Gross

Fair

Gross

Value

Unrealized

Value

Unrealized

Value

Unrealized

Losses

Losses

Losses

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal

​

$

—

​

$

—

​

$

3,492,139

​

$

66,017

​

$

3,492,139

​

$

66,017

agency

State and political subdivisions

​

​

804,572

​

​

2,604

​

​

488,425

​

​

11,575

​

​

1,292,997

​

​

14,179

Mortgage-backed – GSE residential residential

​

​

1,281,645

​

​

5,951

​

​

—

​

​

—

​

​

1,281,645

​

​

5,951

​

​

$

2,086,217

​

$

8,555

​

$

3,980,564

​

$

77,592

​

$

6,066,781

​

$

86,147

​

2013

​

Less than 12 Months

12 Months or Longer

Total

​

Fair

Gross

Fair

Gross

Fair

Gross

Value

Unrealized

Value

Unrealized

Value

Unrealized

Losses

Losses

Losses

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

4,423,805

​

$

126,202

​

​

​

​

​

​

​

$

4,423,805

​

$

126,202

State and political subdivisions

​

​

2,015,891

​

​

39,304

​

​

​

​

​

​

​

​

2,015,891

​

​

39,304

Mortgage-backed – GSE-residential

​

​

2,948,777

​

​

30,254

​

​

​

​

​

​

​

​

2,948,777

​

​

30,254

Collateralized debt obligations

​

​

636,189

​

​

13,967

​

​

​

​

​

​

​

​

636,189

​

​

13,967

​

​

$

10,024,662

​

$

209,727

​

$

—

​

$

—

​

$

10,024,662

​

$

209,727

The unrealized losses on the Company’s investments in direct obligations of U.S. Government and federal agencies were caused by interest rate changes. The contractual terms of those 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 those investments to be other-than-temporarily impaired at December 31, 2014.

Loans_and_Allowance_for_Loan_L

Loans and Allowance for Loan Losses

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Loans and Allowance for Loan Losses

Note 4:

Loans and Allowance for Loan Losses

Classes of loans at December 31, 2014 and 2013, include:

​

2014

2013

Real estate loans:

​

​

​

​

​

​

Residential 1 – 4 family

​

$

45,353,599

​

$

43,612,578

Commercial Real Estate

​

​

27,908,662

​

​

24,705,387

Construction and land development

​

​

1,523,281

​

​

1,618,445

Total real estate

​

​

74,785,542

​

​

69,936,410

Commercial and industrial

​

​

5,536,805

​

​

5,524,011

Consumer loans:

​

​

​

​

​

​

Home equity loans and lines of credit

​

​

9,331,608

​

​

10,984,782

Other consumer loans

​

​

883,864

​

​

672,560

Total consumer

​

​

10,215,472

​

​

11,657,342

Total loans

​

​

90,537,819

​

​

87,117,763

Less other items:

​

​

​

​

​

​

Net deferred loan costs

​

​

-17,057

​

​

-35,416

Allowance for loan losses

​

​

1,075,351

​

​

1,061,141

Total loans, net

​

$

89,479,525

​

$

86,092,038

Risk characteristics applicable to each segment of the loan portfolio are described as follows.

Residential 1 – 4 Family, Home Equity Loans and Lines of Credit and Other Consumer: The residential 1 – 4 family real estate loans are generally secured by owner-occupied 1 – 4 family residences. Home equity loans and lines of credit are typically secured by a subordinate interest in 1 – 4 family residences and consumer loans are secured by consumer assets such as automobiles and other personal property. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Commercial Real Estate including Construction and Land: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Construction and land real estate loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may include permanent loans, sales of developed property or an interim loan commitment from the Bank until permanent financing is obtained. These loans are considered to be higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, general economic conditions and the availability of long-term financing. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Company’s market areas.

Commercial and Industrial: The commercial and industrial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations.

The following tables present by portfolio segment, the activity in the allowance for loan losses for the years ended December 31, 2014 and 2013, and the recorded investment in loans and impairment method as of December 31, 2014 and 2013:

​

2014

​

Residential

Commercial

Commercial

Consumer

Total

1 – 4 Family

Real Estate

and Industrial

Allowance for loan losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of period

​

$

188,325

​

$

587,331

​

$

138,268

​

$

147,217

​

$

1,061,141

Provision (credit) for loan losses

​

​

58,217

​

​

-174,664

​

​

110,120

​

​

6,327

​

​

—

Loans charged to the allowance

​

​

-27,134

​

​

—

​

​

—

​

​

-73,220

​

​

-100,354

Recoveries of loans previously charged off

​

​

3,210

​

​

90,954

​

​

—

​

​

20,400

​

​

114,564

Balance, end of year

​

$

222,618

​

$

503,621

​

$

248,388

​

$

100,724

​

$

1,075,351

Ending balance: individually evaluated for impairment

​

$

16,325

​

$

644

​

$

—

​

$

533

​

$

17,502

Ending balance: collectively evaluated for impairment

​

$

206,293

​

$

502,977

​

$

248,388

​

$

100,191

​

$

1,057,849

Loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending balance

​

$

45,353,599

​

$

29,431,943

​

$

5,536,805

​

$

10,215,472

​

$

90,537,819

Ending balance individually evaluated for impairment

​

$

2,727,712

​

$

1,356,103

​

$

—

​

$

152,879

​

$

4,236,694

Ending balance collectively evaluated for impairment

​

$

42,625,887

​

$

28,075,840

​

$

5,536,805

​

$

10,062,593

​

$

86,301,125

​

2013

​

Residential

Commercial

Commercial

Consumer

Total

1 – 4 Family

Real Estate

and Industrial

Allowance for loan losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of period

​

$

243,867

​

$

1,089,654

​

$

32,663

​

$

137,985

​

$

1,504,169

Provision (credit) for loan losses

​

​

133,163

​

​

-19,670

​

​

431,844

​

​

94,663

​

​

640,000

Loans charged to the allowance

​

​

-202,262

​

​

-483,426

​

​

-351,239

​

​

-88,007

​

​

-1,124,934

Recoveries of loans previously charged off

​

​

13,557

​

​

773

​

​

25,000

​

​

2,576

​

​

41,906

Balance, end of year

​

$

188,325

​

$

587,331

​

$

138,268

​

$

147,217

​

$

1,061,141

Ending balance: individually evaluated for impairment

​

$

16,704

​

$

3,447

​

$

—

​

$

2,328

​

$

22,479

Ending balance: collectively evaluated for impairment

​

$

171,621

​

$

583,884

​

$

138,268

​

$

144,889

​

$

1,038,662

Loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending balance

​

$

43,612,578

​

$

26,323,832

​

$

5,524,011

​

$

11,657,342

​

$

87,117,763

Ending balance individually evaluated for impairment

​

$

3,245,415

​

$

1,777,437

​

$

—

​

$

237,558

​

$

5,260,410

Ending balance collectively evaluated for impairment

​

$

40,367,163

​

$

24,546,395

​

$

5,524,011

​

$

11,419,784

​

$

81,857,353

Internal Risk Categories

In adherence with policy, the Bank uses the following internal risk grading categories and definitions for loans:

RISK RATING 1 — EXCELLENT

General: The highest quality asset rating reflects superior, in-depth management, and superior financial flexibility. Conservative balance sheets are both strong and liquid, and historic cash flows (last five years) have provided exceptionally large and stable margins of protection.

Specific: Financial statements are current, audited, of superior quality and in complete detail. Financial condition is superior and compares favorably to the industry average. Cash flow is outstanding relative to historical and projected debt service requirements. The borrower adheres to all loan covenants. Management (or individual) integrity and ability are outstanding.

RISK RATING 2 — STRONG

General: The borrower is fully responsible for the credit. Asset quality and liquidity are very good, and debt capacity and coverage are strong. The company has strong management in all positions, and is highly regarded with excellent financial flexibility including access to other sources of financing.

Specific: Financial statements are current, of excellent quality and in adequate detail. Financial condition is very good and compares favorably to the industry average. Statements reflect a stable record of earnings over time and consistent profitability. Cash flow is strong relative to historical and projected debt service requirements. The borrower consistently adheres to the repayment schedules for both principal and interest. The borrower adheres to all loan covenants. Management (or individual) integrity and ability are outstanding.

RISK RATING 3 — ACCEPTABLE

General: Asset quality and liquidity are strong, and debt capacity and coverage are good to above average. General financial trends are stable to favorable and financial and profitability ratios are consistent with industry peers. Management strength is apparent but may be limited to key positions. The industry is average. Some elements of uncertainty may be present due to liquidity, margin and cash flow stability, asset of customer concentrations, dependence on one business type, or cyclical trends that may affect the borrower. Adverse economic conditions may lead to declining trends.

Specific: The financial statements are generally current, of adequate detail, and of average quality. Publication of statements is at least once annually. Financial condition is average relative to the industry. The earnings record is satisfactory, although year-to-year earnings patterns may fluctuate more than for borrowers rated Excellent (1) or Strong (2). Cash flow may vary during the repayment of the loan but does not fall below debt service requirements. Historical profitability may be inconsistent and may have losses in recent years. Liquidity and leverage may be below the industry average, and the borrower may be highly leveraged. The borrower consistently adheres to repayment schedules for both principal and interest, and adheres to all loan covenants. Any waivers are immaterial, and do not negatively impact the strength of the credit. Management (or individual) integrity and ability are sound. Depth and breadth of management is also sound.

RISK RATING 4 — WATCH

General: Loans in this category are considered to be acceptable credit quality, but contain greater credit risk than Risk Rating 3 loans due to weak balance sheets, marginal earnings or cash flow, lack of financial information, weakening markets, insufficient or questionable collateral coverage, or other uncertainties. These loans warrant a higher than average level of monitoring to ensure that potential weaknesses do not emerge. The level of risk in a Watch loan is within acceptable underwriting guidelines so long as the loan is given the proper level of management supervision.

Specific: The financial statements may be missing, outdated, of poor quality, or lacking in important details. Financial condition is below the industry average. The borrower may be experiencing negative trends and/or erratic or unstable financial performance. The borrower may have suffered a loss in a recent period; however, losses have not been of the magnitude to have adversely affected the balance sheet. The

borrower generally adheres to repayment schedules for principal and consistently for interest. Cash flow from primary sources has generally been adequate but, if existing trends continue may not be adequate to meet projected debt service requirements in the future. The borrower may have violated one or more financial or other covenants, but such has not materially impacted financial condition or performance. Industry outlook may be unfavorable. The integrity and quality of management remains good; however, management depth may be limited.

RISK RATING 5 — SPECIAL MENTION

General: Assets in this category have potential weaknesses that deserve the Bank’s close attention. If potential weaknesses are left unchecked or uncorrected, they may result in deterioration of the repayment prospects for the asset or inadequately protect the Bank’s credit position at some future date. These assets pose elevated risk, but their weakness does not expose the Bank to sufficient risk to warrant adverse classification.

Specific: Borrowers may be experiencing adverse operating trends (declining revenues or margins) or an ill-proportioned balance sheet (increasing inventory without an increase in sales, high leverage, tight liquidity). Adverse economic or market conditions, such as interest rate increases or the entry of a new competitor, may also support a Special Mention (5) rating. Nonfinancial reasons for rating a credit Special Mention (5) include management problems, pending litigation, an ineffective loan agreement or other material structural weaknesses, and any other significant deviation from prudent lending practices.

RISK RATING 6 — SUBSTANDARD

General: Assets in this category are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. These assets have a well-defined weakness or weaknesses that jeopardize the timely liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.

Specific: Substandard assets have a high probability of payment default, or they have other well-defined weaknesses. The financial statements may be missing, seriously outdated, of poor quality, or lacking in important details. Financial condition is less than satisfactory. The borrower is experiencing negative trends and material losses. The primary source of cash flow is inadequate to meet current debt service requirements, and unless present conditions improve is potentially inadequate to meet projected debt service requirements. The borrower may have reached the point of employing its secondary source of cash flow. The borrower inconsistently adheres to repayment schedules for either principal or interest. The borrower may have violated one or more financial or other covenants, reflecting unsatisfactory liquidity and/or capitalization. Either the integrity or the ability of management may be in question. For some Substandard (6) assets, the likelihood of full collection of interest and principal may be in doubt; such assets should be placed on nonaccrual.

RISK RATING 7 — DOUBTFUL

General: Assets in this category have all the weaknesses inherent in one classified 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.

Specific: An asset in this category has a high probability of total or substantial loss, but because of specific pending events that may strengthen the asset, its classification as loss is deferred. Doubtful borrowers are usually in default, lack adequate liquidity and capital, and lack the resources necessary to remain an operating entity. Pending events can include mergers, acquisitions, liquidations, capital injections, the perfection of liens on additional collateral, the valuation of collateral and refinancing. Generally, pending events should be resolved within a relatively short period and the ratings will be adjusted based on new information. Because of high probability of loss, nonaccrual accounting treatment is required for Doubtful (7) assets.

RISK RATING 8 — LOSS

General: Assets in this category are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be obtained in the future.

Specific: With Loss (8) assets, the underlying borrowers are often in bankruptcy, have formally suspended debt repayments, or have otherwise ceased normal business operations. Once an asset is classified Loss (8), there is little prospect of collecting either its principal or interest. Losses are to be recorded in the period an obligation becomes uncollectable.

The following table presents the credit risk profile of the Bank’s loan portfolio based on internal rating category and payment activity as of December 31, 2014 and 2013:

​

2014

​

Residential

Commercial

Construction

Commercial

Home

Other

​

Total

1 – 4 Family

Real Estate

and Land

and Industrial

Equity

Consumer

Pass(1 – 4)

​

$

44,618,696

​

$

25,726,754

​

$

1,344,107

​

$

5,536,805

​

$

9,321,255

​

$

883,864

​

​

​

$

87,431,481

Special Mention(5)

​

​

—

​

​

219,157

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

219,157

Substandard(6)

​

​

734,903

​

​

1,962,751

​

​

179,174

​

​

—

​

​

10,353

​

​

—

​

​

​

​

2,887,181

Doubtful(7)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Loss(8)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Total

​

$

45,353,599

​

$

27,908,662

​

$

1,523,281

​

$

5,536,805

​

$

9,331,608

​

$

883,864

​

​

​

$

90,537,819

​

2013

​

Residential

Commercial

Construction

Commercial

Home

Other

​

Total

1 – 4 Family

Real Estate

and Land

and Industrial

Equity

Consumer

Pass(1 – 4)

​

$

42,899,910

​

$

21,414,636

​

$

1,341,806

​

$

5,059,361

​

$

10,828,478

​

$

672,560

​

​

​

$

82,216,751

Special Mention(5)

​

​

—

​

​

798,627

​

​

250,000

​

​

—

​

​

—

​

​

—

​

​

​

​

1,048,627

Substandard(6)

​

​

712,668

​

​

2,492,124

​

​

26,639

​

​

464,650

​

​

156,304

​

​

—

​

​

​

​

3,852,385

Doubtful(7)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Loss(8)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Total

​

$

43,612,578

​

$

24,705,387

​

$

1,618,445

​

$

5,524,011

​

$

10,984,782

​

$

672,560

​

​

​

$

87,117,763

The Bank evaluates the loan risk grading system definitions and allowance for loan loss methodology on an ongoing basis. No significant changes were made to either during the past year.

The following tables present the Bank’s loan portfolio aging analysis of the recorded investment in loans as of December 31, 2014 and 2013:

​

2014

​

30 – 59 Days

60 – 89 Days

Greater

Total

Current

Total

​

Total Loans >

Past Due

Past Due

Than

Past Due

Loans

90 Days &

90 Days

Accruing

Residential 1 – 4

​

$

1,147,797

​

$

557,817

​

$

734,903

​

$

2,440,517

​

$

42,913,082

​

$

45,353,599

​

​

​

$

—

family

Commercial real estate

​

​

11,782

​

​

—

​

​

—

​

​

11,782

​

​

27,896,880

​

​

27,908,662

​

​

​

​

—

Construction and land

​

​

27,817

​

​

—

​

​

21,972

​

​

49,789

​

​

1,473,492

​

​

1,523,281

​

​

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

5,536,805

​

​

5,536,805

​

​

​

​

—

Home equity

​

​

54,224

​

​

25,601

​

​

10,353

​

​

90,178

​

​

9,241,430

​

​

9,331,608

​

​

​

​

—

Other consumer

​

​

—

​

​

6,057

​

​

—

​

​

6,057

​

​

877,807

​

​

883,864

​

​

​

​

—

​

​

$

1,241,620

​

$

589,475

​

$

767,228

​

$

2,598,323

​

$

87,939,496

​

$

90,537,819

​

​

​

$

—

​

2013

​

30 – 59 Days

60 – 89 Days

Greater

Total

Current

Total

​

Total Loans >

Past Due

Past Due

Than

Past Due

Loans

90 Days &

90 Days

Accruing

Residential 1 – 4 family

​

$

529,097

​

$

537,596

​

$

1,583,953

​

$

2,650,646

​

$

40,961,932

​

$

43,612,578

​

​

​

$

—

Commercial real estate

​

​

16,862

​

​

—

​

​

—

​

​

16,862

​

​

24,688,525

​

​

24,705,387

​

​

​

​

—

Construction and land

​

​

26,639

​

​

—

​

​

32,418

​

​

59,057

​

​

1,559,388

​

​

1,618,445

​

​

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

5,524,011

​

​

5,524,011

​

​

​

​

—

Home equity

​

​

156,304

​

​

51,663

​

​

54,136

​

​

262,103

​

​

10,722,679

​

​

10,984,782

​

​

​

​

—

Other consumer

​

​

—

​

​

9,144

​

​

1,565

​

​

10,709

​

​

661,851

​

​

672,560

​

​

​

​

—

​

​

$

728,902

​

$

598,403

​

$

1,672,072

​

$

2,999,377

​

$

84,118,386

​

$

87,117,763

​

​

​

$

—

A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings.

The following table presents impaired loans and specific valuation allowance based on class level for the years ended December 31, 2014 and 2013:

​

2014

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Impaired loans without a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

$

1,396,878

​

$

1,003,575

​

$

290,956

​

$

—

​

$

86,296

​

$

2,777,705

​

​

Unpaid principal balance

​

​

1,475,218

​

​

1,121,615

​

​

304,827

​

​

—

​

​

92,277

​

​

2,993,937

​

​

Impaired loans with a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

1,330,834

​

​

11,782

​

​

49,790

​

​

—

​

​

66,583

​

​

1,458,989

​

​

Unpaid principal balance

​

​

1,373,484

​

​

12,700

​

​

56,120

​

​

—

​

​

69,627

​

​

1,511,931

​

​

Specific allowance

​

​

16,325

​

​

46

​

​

598

​

​

—

​

​

533

​

​

17,502

​

​

Total impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

2,727,712

​

​

1,015,357

​

​

340,746

​

​

—

​

​

152,879

​

​

4,236,694

​

​

Unpaid principal balance

​

​

2,848,702

​

​

1,134,315

​

​

360,947

​

​

—

​

​

161,904

​

​

4,505,868

​

​

Specific allowance

​

​

16,325

​

​

46

​

​

598

​

​

—

​

​

533

​

​

17,502

​

​

​

2013

​

​

Residential

Commercial

Construction

Commercial

Home Equity

​

​

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Impaired loans without a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

$

1,904,315

​

$

1,063,947

​

$

170,071

​

​

​

​

$

—

​

​

​

$

3,138,333

​

Unpaid principal balance

​

​

2,008,561

​

​

1,222,080

​

​

171,073

​

​

​

​

​

—

​

​

​

​

3,401,714

​

Impaired loans with a specific

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

allowance:

Recorded investment

​

​

1,341,100

​

​

516,780

​

​

26,639

​

​

—

​

​

237,558

​

​

​

​

2,122,077

​

Unpaid principal balance

​

​

1,376,123

​

​

649,136

​

​

31,083

​

​

—

​

​

240,295

​

​

​

​

2,296,637

​

Specific allowance

​

​

16,704

​

​

3,447

​

​

—

​

​

—

​

​

2,328

​

​

​

​

22,479

​

Total impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

3,245,415

​

​

1,580,727

​

​

196,710

​

​

—

​

​

237,558

​

​

​

​

5,260,410

​

Unpaid principal balance

​

​

3,384,684

​

​

1,871,216

​

​

202,156

​

​

—

​

​

240,295

​

​

​

​

5,698,351

​

Specific allowance

​

​

16,704

​

​

3,447

​

​

—

​

​

—

​

​

2,328

​

​

​

​

22,479

​

The following presents by portfolio class, information related to the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2014 and 2013:

​

2014

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Average recorded investment in impaired loans

​

$

2,394,222

​

$

1,078,123

​

$

330,360

​

$

—

​

$

137,430

​

$

3,940,135

​

​

Interest income recognized

​

​

38,882

​

​

16,369

​

​

5,945

​

​

—

​

​

303

​

​

61,499

​

​

Interest income recognized on a cash basis

​

​

38,748

​

​

16,369

​

​

5,945

​

​

—

​

​

303

​

​

61,435

​

​

​

2013

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Average recorded investment in impaired loans

​

$

3,236,448

​

$

3,027,818

​

$

377,399

​

$

482,422

​

$

127,422

​

$

7,251,509

​

​

Interest income recognized

​

​

107,053

​

​

21,949

​

​

—

​

​

—

​

​

1,033

​

​

130,035

​

​

Interest income recognized on a cash basis

​

​

103,188

​

​

21,314

​

​

—

​

​

—

​

​

1,033

​

​

125,535

​

​

The following table presents the Bank’s nonaccrual loans at December 31, 2014 and 2013. This table excludes performing troubled debt restructurings.

​

2014

2013

Residential 1 – 4 family

​

$

1,397,529

​

$

1,237,062

Commercial real estate

​

​

729,032

​

​

841,612

Construction and land

​

​

49,789

​

​

26,639

Commercial and industrial

​

​

—

​

​

—

Home equity

​

​

76,937

​

​

207,967

Other consumer

​

​

—

​

​

—

​

​

$

2,253,287

​

$

2,313,280

At December 31, 2014 and 2013, the Company had a number of loans that were modified in troubled debt restructurings and impaired. The modification of terms of such loans included one or a combination of the following: an extension of maturity, a reduction of the stated interest rate or a permanent reduction of the recorded investment in the loan.

The following table presents information regarding troubled debt restructurings by class for the year ended December 31, 2014 and 2013.

Newly classified troubled debt restructurings:

​

2014

2013

​

​

Number

Pre-

Post

Number

Pre-

Post

​

of Loans

Modification

Modification

of Loans

Modification

Modification

Recorded

Recorded

Recorded

Recorded

Balance

Balance

Balance

Balance

Residential 1 – 4 family

​

​

3

​

$

418,350

​

$

418,350

​

​

2

​

$

317,908

​

$

312,673

​

​

Commercial real estate

​

​

—

​

​

—

​

​

—

​

​

1

​

​

308,000

​

​

308,000

​

​

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

3

​

$

418,350

​

$

418,350

​

​

3

​

$

625,908

​

$

620,673

​

​

The troubled debt restructurings described above increased the allowance for loan losses by $3,502 and $5,338 and resulted in charge offs of  $19,937 during the year ended December 31, 2014 and no charge offs during year ended December 31, 2013.

Newly restructured loans by type of modification:

​

2014

​

Interest

Term

Combination

Total

Only

Modification

Residential 1 – 4 family

​

$

93,832

​

$

61,000

​

$

263,518

​

$

418,350

Commercial real estate

​

​

—

​

​

—

​

​

—

​

​

—

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

$

93,832

​

$

61,000

​

$

263,518

​

$

418,350

​

2013

​

Interest

Term

Combination

Total

Only

Modification

Residential 1 – 4 family

​

$

—

​

$

7,284

​

$

310,624

​

$

317,908

Commercial real estate

​

​

308,000

​

​

—

​

​

—

​

​

308,000

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

$

308,000

​

$

7,284

​

$

310,624

​

$

625,908

Troubled debt restructurings modified in the past 12 months that subsequently defaulted:

​

2014

2013

​

Number of

Recorded

Number of

Recorded

Loans

Balance

Loans

Balance

Residential 1 – 4 family

​

​

—

​

$

—

​

​

—

​

$

—

Commercial real estate

​

​

1

​

​

214,736

​

​

1

​

​

172,886

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

1

​

​

77,073

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

1

​

$

214,736

​

​

2

​

$

249,959

As of December 31, 2014, borrowers with loans designated as TDRs and totaling $1,009,396 of residential 1 – 4 family loans, $286,325 of commercial real estate loans, $133,754 of construction and land development and $2,368 of home equity loans, met the criteria for placement on accrual status.

As of December 31, 2013, borrowers with loans designated as TDRs and totaling $2,014,058 of residential 1 – 4 family loans, $443,705 of commercial real estate loans, $23,885 of home equity loans, met the criteria for placement on accrual status.

This criteria is a minimum of six months of payment performance under existing or modified terms.

The Company has had, and may be expected to have in the future, lending transactions in the ordinary course of business with principal stockholder, directors, executive officer and their affiliates (related parties), all of which have been, in the opinion of management, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and which do not represent more than the normal risk of collectability or present other unfavorable features.

Aggregate loan transaction with related parties for the year ended December 31, 2014 were as follows (loan transaction with related parties as of and for the year ended December 31, 2013, were not material):

​

2014

Balance, January 1,

​

$

96,059

New loans and advances on lines

​

​

1,043,733

Repayments

​

​

-667,229

Other, newly established related party

​

​

1,273,972

Balance, December 31,

​

$

1,746,535

Balance available on lines of credit or loan commitments

​

​

558,191

None of these loans are past due, in nonaccrual status or have been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. These were no loans to a related party that were considered classified at December 31, 2014.

Premises_and_Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2014
Premises and Equipment
Premises and Equipment	Note 5:
	Premises and Equipment
	Major classifications of premises and equipment, stated at cost, are as follows:
	​	2014			2013
	Land	​	$	864,420	​	$	947,901
	Land improvements	​	​	322,809	​	​	351,504
	Building and improvements	​	​	4,509,902	​	​	4,893,320
	Furniture, fixtures and equipment	​	​	3,651,942	​	​	3,895,245
	Total cost	​	​	9,349,073	​	​	10,087,970
	Accumulated depreciation	​	​	-5,436,782	​	​	-5,614,280
	Net premises and equipment	​	$	3,912,291	​	$	4,473,690
	The Decatur branch sale was closed on January 24, 2014. Approximately $222,000 in net premises and equipment was included in the sale. These assets were considered to be held for sale at December 31, 2013, and were recorded at their estimated fair value. In adjusting the assets to fair value, the Company recorded an impairment loss of  $6,588 which is included in other noninterest expense in the accompanying consolidated statements of operations in 2013. Due to the immaterial amount, these assets have not been segregated on the consolidated balance sheets.

Loan_Servicing

Loan Servicing	12 Months Ended
	Dec. 31, 2014
Loan Servicing
Loan Servicing	Note 6:
	Loan Servicing
	The Company accounts for loan servicing rights applicable to serviced loans originated prior to January 1, 2011, using the fair value method of accounting and are considered a specific class. Loan servicing rights applicable to serviced loans originated after January 1, 2011, are valued using the amortization method and are considered a different specific class. Under both methods, the mortgage servicing rights are recorded at fair value at inception. Under the fair value method, the asset continues to be recorded at fair value each reporting period, with changes in fair value being recorded through noninterest income. Under the amortization method, the recorded asset is amortized over its estimated life.
	The fair value method approach of accounting was adopted because the Company believed the fair values of servicing rights were substantially undervalued and thus understated on the balance sheet. The fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Subsequent valuation adjustments for servicing assets related to loan originations prior to January 1, 2011, will be made to noninterest income and included in mortgage banking activities in the statement of operations.
	Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The risks inherent in mortgage servicing assets relate primarily to changes in prepayments that result from shifts in mortgage interest rates. The unpaid principal balances of mortgage loans serviced for others was $73,575,000 and $76,659,000 at December 31, 2014 and 2013, respectively.
	The following summarizes the activity pertaining to mortgage servicing rights measured using the amortization method. There were no valuation allowance recorded or reversed during 2014 or 2013.
	​	2014			2013
	Balance, beginning of year	​	$	364,999	​	$	320,235
	Additions	​	​	59,732	​	​	137,019
	Amortization	​	​	-106,819	​	​	-92,255
	Balance, end of year	​	$	317,912	​	$	364,999
	Fair value as of the beginning of the year	​	$	543,975	​	$	320,235
	Fair value as of the end of year	​	​	526,647	​	​	543,975
	The following summarizes the activity in mortgage servicing rights measured using the fair value method for the years ended December 31, 2014 and 2013:
	​	2014			2013
	Balance, beginning of year	​	$	148,171	​	$	230,655
	Additions	​	​	—	​	​	—
	Change in fair value adjusted through earnings	​	​	-33,978	​	​	-82,484
	Balance, end of year	​	$	114,193	​	$	148,171

Intangible_Assets

Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 7:

Intangible Assets

The carrying basis and accumulated amortization of recognized intangible assets (consisting of core deposit intangibles relating to a previous deposit purchase) at December 31, 2014 and 2013 were:

​

2014

2013

​

Gross Carrying

Accumulated

Gross Carrying

Accumulated

Amount

Amortization

Amount

Amortization

Core Deposit Intangibles

​

$

—

​

$

—

​

$

927,256

​

$

927,256

Amortization expense for the year ended December 31, 2013 was $51,972.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2014
Deposits
Deposits	Note 8:
	Deposits
	​	​	2014				2013
	Non-interest bearing demand deposits	​	​	$	11,730,674	​	​	$	12,188,447
	Interest bearing deposits	​	​	​	24,528,025	​	​	​	17,605,503
	Money market	​	​	​	20,350,496	​	​	​	27,108,422
	Savings accounts	​	​	​	15,027,699	​	​	​	13,413,009
	Certificates of deposit	​	​	​	26,856,218	​	​	​	37,755,645
	Total deposits	​	​	$	98,493,112	​	​	$	108,071,026
	Interest-bearing time deposits in denominations of  $100,000 or more were $7,664,166 at December 31, 2014, and $10,576,028 at December 31, 2013.
	At December 31, 2014 and 2013, the Bank had deposits from executive officers, directors and their affiliates (related parties), of  $1,516,175 and $1,041,453, respectively. In management’s opinion, such deposits were made in the ordinary course of business and were made on substantially the same terms as those prevailing at the time for comparable transactions with other persons.
	At December 31, 2014, the scheduled maturities of time deposits are as follows:
	​	2015	​	​	$	14,500,593
	​	2016	​	​	​	7,568,693
	​	2017	​	​	​	3,086,220
	​	2018	​	​	​	744,568
	​	2019	​	​	​	815,218
	​	Thereafter	​	​	​	140,927
	​	Total	​	​	$	26,856,218

Federal_Home_Loan_Bank_Advance

Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2014
Borrowings
Federal Home Loan Bank Advances	Note 9:
	Federal Home Loan Bank Advances
	Federal Home Loan Bank advances totaled $10,000,000 and $0 at December 31, 2014 and 2013, respectively. Federal Home Loan Bank advances and line of credit are secured by mortgage loans totaling approximately $35.3 million and $24.0 million at December 31, 2014 and 2013, respectively. Advances, at interest rates from .34 percent to 1.79 percent were subject to restrictions or penalties in the event of prepayment as of December 31, 2014. The Bank has a $2.0 million line of credit with the Federal Home Loan Bank and a $2.0 million federal funds line with United Bankers Bank, none of which was outstanding at December 31, 2014.
	Scheduled maturities on advances are as follows:
	​	2015	$	2,000,000
	​	2016	​	2,000,000
	​	2017	​	2,000,000
	​	2018	​	2,000,000
	​	2019	​	2,000,000
	​	Total	$	10,000,000

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Note 10:
	Income Taxes
	The provision (credit) for income taxes includes these components:
	​	2014			2013
	Taxes currently payable	​	$	—	​	$	—
	Deferred income taxes	​	​	—	​	​	—
	Income tax expense (benefit)	​	$	—	​	$	—
	A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below:
	​	2014			2013
	Computed at the statutory rate (34%)	​	$	-277,533	​	$	-548,887
	Increase (decrease) resulting from	​	​	—	​	​	-13,647
	Tax exempt interest
	Changes in the deferred tax asset valuation allowance	​	​	252,896	​	​	566,553
	Other	​	​	24,637	​	​	-4,019
	Actual tax expense (benefit)	​	$	—	​	$	—
	The tax effects of temporary differences related to deferred taxes shown on the consolidated balance sheets were:
	​	2014			2013
	Deferred tax assets	​	​	​	​	​	​
	Allowance for loan losses	​	$	48,592	​	$	369,790
	Valuation of other real estate	​	​	1,729	​	​	19,333
	Net operating loss carryforward	​	​	3,169,105	​	​	3,021,485
	Charitable contribution carryforward	​	​	26,665	​	​	39,911
	Unrealized loss on available-for-sale securities	​	​	5,698	​	​	45,987
	Other	​	​	216,299	​	​	—
	Total assets	​	​	3,468,088	​	​	3,496,506
	Deferred tax liability	​	​	​	​	​	​
	Depreciation	​	​	-197,153	​	​	-265,295
	State tax	​	​	—	​	​	—
	Unrealized gain on available-for-sale securities	​	​	—	​	​	—
	Mortgage servicing rights	​	​	—	​	​	—
	Deferred loan fees	​	​	-5,900	​	​	-12,342
	FHLB stock dividends	​	​	-36,742	​	​	-48,317
	Other	​	​	—	​	​	-88,387
	Total liabilities	​	​	-239,795	​	​	-414,341
	Net deferred tax asset before valuation allowance	​	​	3,228,293	​	​	3,082,165
	Valuation allowance	​	​	​	​	​	​
	Beginning balance	​	​	-3,082,165	​	​	-2,377,422
	Increase during the period	​	​	-146,128	​	​	-704,743
	Ending balance	​	​	-3,228,293	​	​	-3,082,165
	Net deferred tax asset (liability)	​	$	—	​	$	—
	As of December 31, 2014, the Company has approximately $9.0 million of federal net operating loss carryforwards that begin expiring in 2029 and approximately $1.3 million of state net operating loss carryforwards that begin expiring in 2024.
	Retained earnings at December 31, 2014 and 2013, include approximately $702,000 for which no deferred federal income tax liability has been recognized. These amounts represent an allocation of income to bad debt deductions for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the then-current corporate income tax rate.

Regulatory_Matters

Regulatory Matters

12 Months Ended

Dec. 31, 2014

Regulatory Matters

Regulatory Matters

Note 11:

Regulatory Matters

The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes, as of December 31, 2014 and 2013, that the Company meets all capital adequacy requirements to which it is subject.

As of December 31, 2014, the most recent notification from Office of Comptroller of the Currency categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category.

The Bank’s actual capital amounts and ratios are also presented in the following table.

​

Actual

Minimum Amount

Minimum Amount

Required for

To Be Well

Adequate Capital(1)

Capitalized(1)

​

Amount

Ratio

Amount

Ratio

Amount

Ratio

December 31, 2014

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total capital(1) (to risk-weighted assets)

​

$

13,188

​

17.87%

​

$

5,904

​

8.00%

​

$

7,380

​

10.00%

Tier I capital(1) (to risk-weighted assets)

​

​

12,264

​

16.62

​

​

2,952

​

4

​

​

4,428

​

6

Tier I capital(1) (to average assets)

​

​

12,264

​

10.03

​

​

4,893

​

4

​

​

6,116

​

5

December 31, 2013

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total capital(1) (to risk-weighted assets)

​

$

10,384

​

13.54%

​

$

6,137

​

8.00%

​

$

7,672

​

10.00%

Tier I capital(1) (to risk-weighted assets)

​

​

9,424

​

12.28

​

​

3,069

​

4

​

​

4,603

​

6

Tier I capital(1) (to average assets)

​

​

9,424

​

7.75

​

​

4,864

​

4

​

​

6,080

​

5

-1

As defined by regulatory agencies.

Effective October 20, 2009, the Company entered into a formal consent agreement with its primary regulator (formerly the Office of Thrift Supervision who functions were transferred to the Office of the Comptroller of the Currency (OCC) on July 21, 2012). Effective February 2, 2013, the OCC terminated the consent order. On January 23, 2013, the Company received notice from the OCC that it was subject to certain individual minimum capital ratio requirements. Effective during the fourth quarter of 2014, the OCC cancelled the individual minimum capital ratio requirements.

Employee_Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2014
Employee Benefits
Employee Benefits	Note 12:
	Employee Benefits
	The Company has a retirement savings 401(k) plan which covers all full-time employees who are age 21 or older and who have worked 1,000 hours and completed three months of service. Employees may contribute up to 25% of their compensation up to a maximum of  $17,500 a year with the Company matching 100% of the employee’s contribution on the first 3% and 50% of the next 2% of the employee’s compensation. Employer contributions charged to expense for the years ended December 31, 2014 and 2013, were $59,645 and $42,212, respectively.
	The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (Pentegra Plan), an industry-wide, tax-qualified defined-benefit pension plan. The Pentegra Plan’s Employer Identification Number is 13-5645888 and the Plan Number is 6135. The Pentegra Plan operates as a multiemployer plan for accounting purposes and as a multiple employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra Plan. The Pentegra Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities.
	The risks of participating in a multiemployer plan are different from a single-employer plan in the following aspects:
	1
	Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
	2
	If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
	3
	If the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.
	The Company froze the benefits in the Pentegra Plan effective June 1, 2010. Full-time employees of the Company who had attained at least 21 years of age and completed one year of service were eligible to participate in the Pentegra Plan. In addition, employees who would have been eligible after June 1, 2010, are not eligible to participate. No further benefits will accrue subsequent to the freeze, and the freeze does not reduce the benefits accrued up to the date of the freeze.
	Pension expense related to this plan was $142,715 and $91,031 for years ended December 31, 2014 and 2013.
	Calculations to determine full-funding status are made annually by the third-party plan administrator as of June 30. At June 30, 2014 and 2013, the funding target, which is defined as the market value of plan assets divided by the plan liabilities, of the Company’s portion of the Pentegra Plan was 74.37% and 67.25%, respectively, funded.
	Total contributions by all employer participants in the Pentegra Plan, as reported on Form 5500, totaled $136,477,565 and $196,473,170, respectively, for the plan years ended June 30, 2013 and 2012. The Company’s contributions to the Pentegra Plan totaled $133,156 and $136,127, respectively, for the years ended December 31, 2014 and 2013, respectively, and do not represent more than 5% of the total contributions made by all employer participants in the Pentegra Plan. There have been no significant changes that affect the comparability of 2014 and 2013 contributions. Given the current interest rate environment, the lower asset valuations, and other factors impacting the operations of the Pentegra Plan, it is likely that our future funding obligations could increase.
	In connection with the conversion to an entity owned by stockholders, the Company established an Employee Stock Ownership Plan (ESOP) for the exclusive benefit of eligible employees (all salaried employees who have completed at least 1,000 hours of service in a consecutive twelve-month period and have attained the age of 21). The ESOP borrowed funds from the Company in an amount sufficient to purchase 53,431 shares (approximately 8% of the common stock issued in the stock offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, then the remainder will be applied to principal. The loan is expected to be repaid over a period of up to 25 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 in their accrued benefits under the employee stock ownership plan at the rate of 20 percent per year. Vesting is accelerated upon retirement, death or disability of the participant, or a change in control of the Association. Forfeitures will be reallocated to remaining plan participants. Benefits may be payable upon retirement, death, disability, separation from service, or termination of the ESOP.
	The debt of the ESOP is eliminated in consolidation. 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 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 on unallocated ESOP shares, if any, are recorded as a reduction of debt and accrued interest. ESOP compensation expense was $22,196 the year ended December 31, 2014.
	A summary of ESOP shares are as of December 31 are as follows:
	​	2014
	Released Shares	​	​	—
	Shares committed for release	​	​	2,186
	Unreleased shares	​	​	51,245
	Total	​	​	53,431
	Fair value of unreleased shares	​	$	520,137
	In the event the ESOP is unable to satisfy the obligation to repurchase the shares held by each beneficiary upon the beneficiary’s termination or retirement, the Company is obligated to repurchase the shares. At December 31, 2014, the fair value of these shares is $22,193. In addition, there are no outstanding shares held by former employees that are subject to an ESOP related repurchase option.

Disclosures_About_Fair_Value_o

Disclosures About Fair Value of Assets and Liabilities

12 Months Ended

Dec. 31, 2014

Disclosures About Fair Value of Assets and Liabilities

Disclosures About Fair Value of Assets and Liabilities

Note 13:

Disclosures About Fair Value of Assets and Liabilities

Fair value is the price that would be received to sell an asset or paid to transfer a liability 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 or liabilities

Level 2

Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; 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 or liabilities

Level 3

Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities

Recurring Measurements

The following table presents the fair value measurements of assets recognized in the accompanying 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 December 31, 2014 and 2013:

​

December 31, 2014

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

4,939,830

​

$

—

​

​

$

4,939,830

​

$

—

State and political subdivisions

​

​

3,361,085

​

​

—

​

​

​

3,361,085

​

​

—

Mortgage-backed – GSE residential

​

​

3,384,002

​

​

—

​

​

​

3,384,002

​

​

—

Collateralized mortgage obligations – GSE

​

​

1,033,148

​

​

—

​

​

​

1,033,148

​

​

—

Mortgage servicing rights

​

​

114,193

​

​

—

​

​

​

—

​

​

114,193

​

December 31, 2013

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

6,441,138

​

$

—

​

​

$

6,441,138

​

$

—

State and political subdivisions

​

​

3,337,725

​

​

—

​

​

​

3,337,725

​

​

—

Mortgage-backed – GSE residential

​

​

4,231,130

​

​

—

​

​

​

4,231,130

​

​

—

Collateralized mortgage obligations – GSE

​

​

1,583,547

​

​

—

​

​

​

1,583,547

​

​

—

Mortgage servicing rights

​

​

148,171

​

​

—

​

​

​

​

​

​

148,171

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 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 years ended December 31, 2014 and 2013. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

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 or independently sourced market parameters, 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 including U.S. Government and federal agencies, state and political subdivisions, mortgage-backed securities, and collateralized mortgage obligations. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Company has no securities classified as Level 3.

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 a quarterly basis. The Chief Financial Officer’s (CFO) office contracts with a pricing specialist to generate fair value estimates on at least an annual basis. The CFO’s office challenges the reasonableness of the assumptions used and reviews the methodology to ensure the estimated fair value complies with accounting standards generally accepted in the United States.

Level 3 Reconciliation

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheets using significant unobservable (Level 3) inputs:

​

2014

2013

Balance, beginning of year

​

$

148,171

​

$

230,655

​

Total changes in fair value included in earnings

​

​

-33,978

​

​

-82,484

​

Balance, end of year

​

$

114,193

​

$

148,171

​

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 December 31, 2014 and 2013:

​

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

December 31, 2014

​

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

190,000

​

$

—

​

​

$

—

​

$

190,000

Collateral-dependent impaired loans, Net of ALLL

​

​

1,441,487

​

​

—

​

​

​

—

​

​

1,441,487

December 31, 2013

​

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

234,000

​

$

—

​

​

$

—

​

$

234,000

Collateral-dependent impaired loans, Net of ALLL

​

​

2,099,598

​

​

—

​

​

​

—

​

​

2,099,598

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 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.

Other Real Estate Owned

Other real estate owned (OREO) is 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 OREO is based on appraisals or evaluations. OREO is classified within Level 3 of the fair value hierarchy.

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

Collateral-Dependent Impaired Loans, Net of ALLL

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 by the CFO’s office. Appraisals are reviewed for accuracy and consistency by the CFO’s office. 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. These discounts and estimates are developed by the CFO’s office by comparison to historical results.

Unobservable (Level 3) Inputs:

The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill.

​

Fair Value

Valuation

​

​

Unobservable Inputs

Weighted

​

Technique

Average

At December 31, 2014:

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

190,000

Market

​

​

Comparability adjustment (%)

Not available

​

comparable

properties

Collateral-dependent impaired loans, net

​

​

1,441,487

Market

​

​

Market ability discount

10% – 15% (12%)

​

of ALLL

comparable

properties

Mortgage servicing rights

​

​

114,193

Discounted

​

​

Constant prepayment rate Probability

8.5% – 16% (11.2%)

​

cash flow

of default Discount rate

1% – 8% (2.1%)

7.6% – 13% (10.4%)

At December 31, 2013:

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

234,000

Market

​

​

Comparability adjustment (%)

Not available

​

comparable

properties

Collateral-dependent impaired loans, net

​

​

2,099,598

Market

​

​

Market ability discount

10% – 15% (12%)

​

of ALLL

comparable

properties

Mortgage servicing rights

​

​

148,171

Discounted

​

​

Constant prepayment rate Probability of default Discount rate

14% – 24% (19.2%)

​

cash flow

1% – 8% (5.8%)

5.8% – 12.9% (8.4%)

Fair Value of Financial Instruments

The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2014 and 2013.

​

Fair Value Measurements Using

​

Carrying

Quoted Prices in

Significant

Significant

Amount

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

At December 31, 2014:

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

13,444,597

​

$

13,444,597

​

​

$

—

​

$

—

FHLB Stock

​

​

1,078,900

​

​

—

​

​

​

1,078,900

​

​

—

Loans held for sale

​

​

48,300

​

​

​

​

​

​

48,300

​

​

​

Loans, net of allowance for loan losses

​

​

89,479,525

​

​

—

​

​

​

—

​

​

89,756,000

Accrued interest receivable

​

​

302,777

​

​

—

​

​

​

302,777

​

​

—

Mortgage servicing rights

​

​

317,912

​

​

—

​

​

​

—

​

​

526,647

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

98,493,112

​

​

11,730,674

​

​

​

86,842,438

​

​

—

Federal Home Loan Bank advances

​

​

10,000,000

​

​

​

​

​

​

10,098,000

​

​

​

Accrued interest payable

​

​

6,256

​

​

—

​

​

​

6,256

​

​

—

​

Fair Value Measurements Using

​

Carrying

Quoted Prices in

Significant Other

Significant

Amount

Active Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

At December 31, 2013:

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

10,322,076

​

$

10,322,076

​

​

$

—

​

$

—

FHLB Stock

​

​

1,408,200

​

​

—

​

​

​

1,408,200

​

​

—

Loans held for sale

​

​

—

​

​

—

​

​

​

—

​

​

​

Loans, net of allowance for loan losses

​

​

86,092,038

​

​

—

​

​

​

—

​

​

86,442,000

Accrued interest receivable

​

​

312,615

​

​

—

​

​

​

312,615

​

​

—

Mortgage servicing rights

​

​

364,999

​

​

—

​

​

​

—

​

​

543,975

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

108,071,026

​

​

12,188,447

​

​

​

96,800,644

​

​

—

Accrued interest payable

​

​

1,032

​

​

—

​

​

​

1,032

​

​

—

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

Cash and Cash Equivalents

The carrying amount approximates fair value.

Loans Held For Sale

The carrying amount approximates fair value due to the insignificant time between origination and date of sale. The carrying amount is the amount funded and accrued interest.

Loans, Net of Allowance for Loan Losses

Fair value is estimated by discounting the future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Banks would impose for similar loans and reflect a market participant assumption about risks associated with nonperformance, illiquidity, and the structure and term of the loans along with local economic and market conditions.

Accrued Interest Receivable and Payable

The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date.

Deposits

Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Company. The rates were the average of current rates offered by local competitors of the Company.

The estimated fair value of demand, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date.

Federal Home Loan Bank Advances

Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by the FHLB.

Significant_Estimates_and_Conc

Significant Estimates and Concentrations	12 Months Ended
	Dec. 31, 2014
Significant Estimates and Concentrations
Significant Estimates and Concentrations	Note 14:
	Significant Estimates and Concentrations
	Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are reflected in the footnote regarding loans. Current vulnerabilities due to certain concentrations of credit risk are discussed in the footnote on commitments and credit risk. Significant estimates associated with financial instruments are discussed in the footnote on fair value of financial instruments.

Commitments_and_Credit_Risk

Commitments and Credit Risk	12 Months Ended
	Dec. 31, 2014
Commitments and Credit Risk
Commitments and Credit Risk	Note 15:
	Commitments and Credit Risk
	The Company maintains off-balance sheet investments in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Loan 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. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. 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 instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized, if any, in the balance sheet. The Company’s maximum exposure to loan loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the face amount of these instruments. Commitments to extend credit are recorded when they are funded and standby letters of credit are carried at fair value.
	The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Collateral, such as accounts receivable, securities, inventory, property and equipment, is generally obtained based on management’s credit assessment of the borrower.
	Fair value of the Company’s off-balance-sheet instruments (commitments to extend credit and standby letters of credit) is based on rates currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. At December 31, 2014 and 2013, the rates on existing off-balance-sheet instruments were equivalent to current market rates, considering the underlying credit standing of the counterparties.
	Loan commitments and standby letters of credit outstanding as December 31, 2014 and 2013, were as follows:
	​	2014			2013
	Commitments to extend credit – variable rate	​	$	14,687,657	​	$	12,257,541
	Commitments to extend credit – fixed rate	​	​	5,402,290	​	​	780,604
	Standby letters of credit	​	​	10,000	​	​	23,000

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2014
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 16:
	Recent Accounting Pronouncements
	In January 2014, the FASB issued ASU2014-01, “Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014-01 applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. Under the proportional amortization method, an entity amortized the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The pronouncement should be applied retrospectively for all period presented, effective for annual period and interim reporting period within those annual period, beginning after December 15, 2014. Early adoption is permitted. The adoption of this guidance is not expected to have a significant effect on the Company’s consolidated financial statements.
	In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-04 “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. An entity can elect to adopt the amendments using either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this guidance is not expected to have a significant effect on the Company’s consolidated financial statements.
	In August 2014, the FASB issued ASU 2014-14, “Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure,” The amendments in this ASU require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if  (1) the loan has a government guarantee that is not separable from the loan before foreclosure; (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this ASU are effective for annual periods, and interim periods within those annual period, beginning after December 15, 2014. The adoption of the guidance is not expected to have a significant effect on the Company’s consolidated financial statements.

Loss_Per_Share

Loss Per Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Loss Per Share	Note 17:
	Loss Per Share
	Loss per share amount is based on the weighted average number of shares outstanding for the period and the net loss applicable to common stockholders. Loss per share data is not presented for the year ended December 31, 2013, as there were no outstanding shares of common stock until the conversion on January 16, 2014. ESOP shares are excluded from shares outstanding until they have been committed to be released.
	​	December 31, 2014
	Net Loss	​	$	-816,273
	Shares outstanding for basic EPS:	​
	Average shares outstanding	​	​	640,450
	Less: Average unearned ESOP shares	​	​	50,245
	​	​	​	590,205
	Additional dilutive shares	​	​	—
	Shares outstanding for basic and diluted EPS	​	​	590,205
	Basic and diluted loss per share	​	$	-1.38

Condensed_Financial_Informatio

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2014
Condensed Financial Information [Abstract]
Condensed Financial Information (Parent Company Only)	Note 18:
	Condensed Financial Information (Parent Company Only)
	Presented below is condensed financial information as to the financial position, results of operations and cash flows of the company:
	Condensed Balance Sheet
	​	2014
	Assets	​
	Cash and due from banks	​	$	1,059,374
	Investment in bank	​	​	12,247,581
	Total assets	​	$	13,306,955
	Liabilities	​
	Other	​	​	3,495
	​	​	​	3,495
	Temporary Equity	​
	ESOP shares subject to mandatory redemption	​	​	22,193
	Stockholders’ Equity	​	​	13,281,267
	Total liability and stockholders’ equity	​	$	13,306,955
	Condensed Statement of Operations and Comprehensive Loss
	​	2014
	Income	​
	Other income	​	$	9,349
	Expense	​
	Other expenses	​	​	165,776
	Loss Before Income Tax and Equity in Undistributed Income of Subsidiary	​	​	-156,427
	Income Tax Benefit	​	​	—
	Loss Before Equity in Undistributed Income of Subsidiary	​	​	-156,427
	Equity in Undistributed Loss of Subsidiary	​	​	-659,846
	Net Loss	​	$	-816,273
	Comprehensive Loss	​	$	-697,777
	Condensed Statement of Cash Flows
	​	2014
	Operating Activities	​
	Net income (loss)	​	$	-816,273
	Items not requiring (providing) cash	​
	Equity in undistributed loss of subsidiary	​	​	659,846
	Compensation expense on allocated ESOP shares	​	​	22,193
	Change in other liabilities	​	​	3,495
	Net cash used in operating activities	​	​	-130,739
	Investing Activities	​
	Investment in Bank	​	​	-3,500,000
	Financing Activities	​
	Net proceeds from stock conversion	​	​	4,690,113
	Net Change in Cash and Due From Banks	​	​	1,059,374
	Cash and Due From Banks at Beginning of Year	​	​	—
	Cash and Due From Banks at End of Year	​	$	1,059,374

Plan_of_Conversion_and_Change_

Plan of Conversion and Change in Corporate Form	12 Months Ended
	Dec. 31, 2014
Plan of Conversion and Change in Corporate Form
Plan of Conversion and Change in Corporate Form	Note 19:
	Plan of Conversion and Change in Corporate Form
	On January 16, 2014, the Bank converted into a stock savings bank structure with the establishment of a stock holding company, Edgewater Bancorp, Inc. (Company), as parent of the Bank. The Bank converted to the stock form of ownership, followed by the issuance of all of the Bank’s outstanding stock to the Company. A total of 667,898 shares of the Company were issued at $10.00 per share for total gross offering proceeds of  $6,678,980. In addition, the Banks’s Board of Directors adopted an employee stock ownership plan (ESOP) which subscribed for 8% of the common stock sold in the offering, for a total of  $534,310. The Company is incorporated under the laws of the State of Maryland and owns all of the outstanding common stock of the Company.
	The conversion costs of issuing the common stock, approximately $1,455,000, were deducted from the sales proceeds of the offering. Conversion costs incurred for the year ended December 31, 2013 were $753,964, which are included in other assets in the consolidated balance sheets.
	In accordance with federal regulations, at the time of the conversion, the Company established a parallel liquidation account. The liquidation account will be maintained for the benefit of eligible account holders who continue to maintain their accounts at the Bank after conversion. The liquidation account will be reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each eligible account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount.
	The conversion was be accounted for as a change in corporate form with the historic basis of the Company’s assets, liabilities and equity unchanged as a result.
	Stock conversion proceeds held in escrow totaling $3,076,038 as of December 31, 2013, were the funds received, or held, from potential investors as part of the subscription offering.

Nature_of_Operations_and_Summa1

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and fair values of financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents
	The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2014 and 2013, the Company had no cash equivalents.
	At December 31, 2014, none of the Company’s cash accounts at nonfederal government or governmental related entities exceeded federally insured limits, which is $250,000 per covered institution.
Securities	Securities
	Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.
	For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock
	Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank system. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment.
Loans Held for Sale	Loans Held for Sale
	Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
Loans	Loans
	Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans.
	For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan.
	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 nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful.
	All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is applied to the principal balance until the loan can be returned to an accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
	For all loan portfolio segments, the Company promptly charges off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral.
	When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms.
Allowance for Loan Losses	Allowance for Loan Losses
	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility 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 collectibility 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. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data.
	A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest 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 construction 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, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
	In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In restructuring the loan, the Company attempts to work out an alternative payment schedule with the borrower in order to optimize collectability of the loan. A troubled debt restructuring (TDR) occurs when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status, and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two.
	Nonaccrual loans, including TDRs that have not met the six month minimum performance criterion, are reported in this report as non-performing loans. For all loan classes, it is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance, at which time management would consider its return to accrual status. A loan is generally classified as nonaccrual when the Company believes that receipt of principal and interest is questionable under the terms of the loan agreement. Most generally, this is at 90 or more days past due.
	With regard to determination of the amount of the allowance for credit losses, restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously above.
Premises and Equipment	Premises and Equipment
	Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets.
	The estimated useful lives for premises and equipment are as follows:
	​	Buildings	39 years
	​	Building and land improvements	10 years
	​	Furniture, fixtures and equipment	3 – 7 years
Other Real Estate	Other Real Estate
	Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from other real estate.
Mortgage Servicing Rights	Mortgage Servicing Rights
	Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using either the fair value or the amortization method. Under the fair value method, the servicing rights are carried in the balance sheet at fair value and the changes in fair value are reported in earnings in the period in which the changes occur. Amortized mortgage servicing rights include commercial mortgage servicing rights. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date.
	Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an
	inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income.
	Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances, if any, are reported with mortgage banking activities on the statements of operations. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized.
	Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights and servicing fee income are included with mortgage banking activities on the statements of operations.
Off-Balance Sheet Instruments	Off-Balance Sheet Instruments
	In the ordinary course of business, the Company has entered into commitments under commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded.
Transfers of Financial Assets	Transfers of Financial Assets
	Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Income Taxes	Income Taxes
	The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized.
	Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely- than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. With a few exceptions, the Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2011.
	The Company recognizes interest and penalties, if any, on income taxes as a component of income tax expense.
	The Company files consolidated income tax returns with its subsidiary.
Comprehensive Loss	Comprehensive Loss
	Comprehensive loss consists of net loss and other comprehensive income (loss), net of applicable loss taxes. Other comprehensive income (loss) includes unrealized appreciation (depreciation) on available-for-sale securities.

Nature_of_Operations_and_Summa2

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of estimated useful lives for premises and equipment	​	Buildings	39 years
	​	Building and land improvements	10 years
	​	Furniture, fixtures and equipment	3 – 7 years

Securities_Tables

Securities (Tables)

12 Months Ended

Dec. 31, 2014

Securities

Schedule of the amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities

​

2014

​

Amortized

Gross

Gross

Approximate

Cost

Unrealized

Unrealized

Fair

Gains

Losses

Value

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

5,002,617

​

$

3,230

​

$

66,017

​

$

4,939,830

State and political subdivisions

​

​

3,354,828

​

​

20,436

​

​

14,179

​

​

3,361,085

Mortgage-backed – Government-Sponsored Enterprise (GSE)-residential

​

​

3,357,163

​

​

32,790

​

​

5,951

​

​

3,384,002

Collateralized mortgage obligations – GSE

​

​

1,020,217

​

​

12,931

​

​

—

​

​

1,033,148

Total available-for-sale securities

​

$

12,734,825

​

$

69,387

​

$

86,147

​

$

12,718,065

​

2013

​

Amortized

Gross

Gross

Approximate

Cost

Unrealized

Unrealized

Fair

Gains

Losses

Value

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

6,557,658

​

$

9,682

​

$

126,202

​

$

6,441,138

State and political subdivisions

​

​

3,359,021

​

​

18,008

​

​

39,304

​

​

3,337,725

Mortgage-backed – Government Sponsored Enterprise (GSE)-residential

​

​

4,224,511

​

​

36,873

​

​

30,254

​

​

4,231,130

Collateralized mortgage obligations – GSE

​

​

1,587,606

​

​

9,908

​

​

13,967

​

​

1,583,547

Total available-for-sale securities

​

$

15,728,796

​

$

74,471

​

$

209,727

​

$

15,593,540

Schedule of the amortized cost and fair value of available-for-sale securities by contractual maturity

​

December 31, 2014

​

Amortized

Fair

Cost

Value

Within one year

​

$

795,000

​

$

795,723

After one through five years

​

​

7,562,445

​

​

7,505,192

​

​

​

8,357,445

​

​

8,300,915

Mortgage-backed – GSE residential

​

​

3,357,163

​

​

3,384,002

Collateralized debt obligations

​

​

1,020,217

​

​

1,033,148

​

​

$

12,734,825

​

$

12,718,065

Schedule of the Company's investments' gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position

​

2014

​

Less than 12 Months

12 Months or Longer

Total

​

Fair

Gross

Fair

Gross

Fair

Gross

Value

Unrealized

Value

Unrealized

Value

Unrealized

Losses

Losses

Losses

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal

​

$

—

​

$

—

​

$

3,492,139

​

$

66,017

​

$

3,492,139

​

$

66,017

agency

State and political subdivisions

​

​

804,572

​

​

2,604

​

​

488,425

​

​

11,575

​

​

1,292,997

​

​

14,179

Mortgage-backed – GSE residential residential

​

​

1,281,645

​

​

5,951

​

​

—

​

​

—

​

​

1,281,645

​

​

5,951

​

​

$

2,086,217

​

$

8,555

​

$

3,980,564

​

$

77,592

​

$

6,066,781

​

$

86,147

​

2013

​

Less than 12 Months

12 Months or Longer

Total

​

Fair

Gross

Fair

Gross

Fair

Gross

Value

Unrealized

Value

Unrealized

Value

Unrealized

Losses

Losses

Losses

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

4,423,805

​

$

126,202

​

​

​

​

​

​

​

$

4,423,805

​

$

126,202

State and political subdivisions

​

​

2,015,891

​

​

39,304

​

​

​

​

​

​

​

​

2,015,891

​

​

39,304

Mortgage-backed – GSE-residential

​

​

2,948,777

​

​

30,254

​

​

​

​

​

​

​

​

2,948,777

​

​

30,254

Collateralized debt obligations

​

​

636,189

​

​

13,967

​

​

​

​

​

​

​

​

636,189

​

​

13,967

​

​

$

10,024,662

​

$

209,727

​

$

—

​

$

—

​

$

10,024,662

​

$

209,727

Loans_and_Allowance_for_Loan_L1

Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of classes of loans

​

2014

2013

Real estate loans:

​

​

​

​

​

​

Residential 1 – 4 family

​

$

45,353,599

​

$

43,612,578

Commercial Real Estate

​

​

27,908,662

​

​

24,705,387

Construction and land development

​

​

1,523,281

​

​

1,618,445

Total real estate

​

​

74,785,542

​

​

69,936,410

Commercial and industrial

​

​

5,536,805

​

​

5,524,011

Consumer loans:

​

​

​

​

​

​

Home equity loans and lines of credit

​

​

9,331,608

​

​

10,984,782

Other consumer loans

​

​

883,864

​

​

672,560

Total consumer

​

​

10,215,472

​

​

11,657,342

Total loans

​

​

90,537,819

​

​

87,117,763

Less other items:

​

​

​

​

​

​

Net deferred loan costs

​

​

-17,057

​

​

-35,416

Allowance for loan losses

​

​

1,075,351

​

​

1,061,141

Total loans, net

​

$

89,479,525

​

$

86,092,038

Schedule of activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method

​

2014

​

Residential

Commercial

Commercial

Consumer

Total

1 – 4 Family

Real Estate

and Industrial

Allowance for loan losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of period

​

$

188,325

​

$

587,331

​

$

138,268

​

$

147,217

​

$

1,061,141

Provision (credit) for loan losses

​

​

58,217

​

​

-174,664

​

​

110,120

​

​

6,327

​

​

—

Loans charged to the allowance

​

​

-27,134

​

​

—

​

​

—

​

​

-73,220

​

​

-100,354

Recoveries of loans previously charged off

​

​

3,210

​

​

90,954

​

​

—

​

​

20,400

​

​

114,564

Balance, end of year

​

$

222,618

​

$

503,621

​

$

248,388

​

$

100,724

​

$

1,075,351

Ending balance: individually evaluated for impairment

​

$

16,325

​

$

644

​

$

—

​

$

533

​

$

17,502

Ending balance: collectively evaluated for impairment

​

$

206,293

​

$

502,977

​

$

248,388

​

$

100,191

​

$

1,057,849

Loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending balance

​

$

45,353,599

​

$

29,431,943

​

$

5,536,805

​

$

10,215,472

​

$

90,537,819

Ending balance individually evaluated for impairment

​

$

2,727,712

​

$

1,356,103

​

$

—

​

$

152,879

​

$

4,236,694

Ending balance collectively evaluated for impairment

​

$

42,625,887

​

$

28,075,840

​

$

5,536,805

​

$

10,062,593

​

$

86,301,125

​

2013

​

Residential

Commercial

Commercial

Consumer

Total

1 – 4 Family

Real Estate

and Industrial

Allowance for loan losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of period

​

$

243,867

​

$

1,089,654

​

$

32,663

​

$

137,985

​

$

1,504,169

Provision (credit) for loan losses

​

​

133,163

​

​

-19,670

​

​

431,844

​

​

94,663

​

​

640,000

Loans charged to the allowance

​

​

-202,262

​

​

-483,426

​

​

-351,239

​

​

-88,007

​

​

-1,124,934

Recoveries of loans previously charged off

​

​

13,557

​

​

773

​

​

25,000

​

​

2,576

​

​

41,906

Balance, end of year

​

$

188,325

​

$

587,331

​

$

138,268

​

$

147,217

​

$

1,061,141

Ending balance: individually evaluated for impairment

​

$

16,704

​

$

3,447

​

$

—

​

$

2,328

​

$

22,479

Ending balance: collectively evaluated for impairment

​

$

171,621

​

$

583,884

​

$

138,268

​

$

144,889

​

$

1,038,662

Loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending balance

​

$

43,612,578

​

$

26,323,832

​

$

5,524,011

​

$

11,657,342

​

$

87,117,763

Ending balance individually evaluated for impairment

​

$

3,245,415

​

$

1,777,437

​

$

—

​

$

237,558

​

$

5,260,410

Ending balance collectively evaluated for impairment

​

$

40,367,163

​

$

24,546,395

​

$

5,524,011

​

$

11,419,784

​

$

81,857,353

Schedule of credit risk profile of the Bank's loan portfolio based on internal rating category and payment activity

​

2014

​

Residential

Commercial

Construction

Commercial

Home

Other

​

Total

1 – 4 Family

Real Estate

and Land

and Industrial

Equity

Consumer

Pass(1 – 4)

​

$

44,618,696

​

$

25,726,754

​

$

1,344,107

​

$

5,536,805

​

$

9,321,255

​

$

883,864

​

​

​

$

87,431,481

Special Mention(5)

​

​

—

​

​

219,157

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

219,157

Substandard(6)

​

​

734,903

​

​

1,962,751

​

​

179,174

​

​

—

​

​

10,353

​

​

—

​

​

​

​

2,887,181

Doubtful(7)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Loss(8)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Total

​

$

45,353,599

​

$

27,908,662

​

$

1,523,281

​

$

5,536,805

​

$

9,331,608

​

$

883,864

​

​

​

$

90,537,819

​

2013

​

Residential

Commercial

Construction

Commercial

Home

Other

​

Total

1 – 4 Family

Real Estate

and Land

and Industrial

Equity

Consumer

Pass(1 – 4)

​

$

42,899,910

​

$

21,414,636

​

$

1,341,806

​

$

5,059,361

​

$

10,828,478

​

$

672,560

​

​

​

$

82,216,751

Special Mention(5)

​

​

—

​

​

798,627

​

​

250,000

​

​

—

​

​

—

​

​

—

​

​

​

​

1,048,627

Substandard(6)

​

​

712,668

​

​

2,492,124

​

​

26,639

​

​

464,650

​

​

156,304

​

​

—

​

​

​

​

3,852,385

Doubtful(7)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Loss(8)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

—

Total

​

$

43,612,578

​

$

24,705,387

​

$

1,618,445

​

$

5,524,011

​

$

10,984,782

​

$

672,560

​

​

​

$

87,117,763

Schedule of the Bank's loan portfolio aging analysis of the recorded investment in loans

​

2014

​

30 – 59 Days

60 – 89 Days

Greater

Total

Current

Total

​

Total Loans >

Past Due

Past Due

Than

Past Due

Loans

90 Days &

90 Days

Accruing

Residential 1 – 4

​

$

1,147,797

​

$

557,817

​

$

734,903

​

$

2,440,517

​

$

42,913,082

​

$

45,353,599

​

​

​

$

—

family

Commercial real estate

​

​

11,782

​

​

—

​

​

—

​

​

11,782

​

​

27,896,880

​

​

27,908,662

​

​

​

​

—

Construction and land

​

​

27,817

​

​

—

​

​

21,972

​

​

49,789

​

​

1,473,492

​

​

1,523,281

​

​

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

5,536,805

​

​

5,536,805

​

​

​

​

—

Home equity

​

​

54,224

​

​

25,601

​

​

10,353

​

​

90,178

​

​

9,241,430

​

​

9,331,608

​

​

​

​

—

Other consumer

​

​

—

​

​

6,057

​

​

—

​

​

6,057

​

​

877,807

​

​

883,864

​

​

​

​

—

​

​

$

1,241,620

​

$

589,475

​

$

767,228

​

$

2,598,323

​

$

87,939,496

​

$

90,537,819

​

​

​

$

—

​

2013

​

30 – 59 Days

60 – 89 Days

Greater

Total

Current

Total

​

Total Loans >

Past Due

Past Due

Than

Past Due

Loans

90 Days &

90 Days

Accruing

Residential 1 – 4 family

​

$

529,097

​

$

537,596

​

$

1,583,953

​

$

2,650,646

​

$

40,961,932

​

$

43,612,578

​

​

​

$

—

Commercial real estate

​

​

16,862

​

​

—

​

​

—

​

​

16,862

​

​

24,688,525

​

​

24,705,387

​

​

​

​

—

Construction and land

​

​

26,639

​

​

—

​

​

32,418

​

​

59,057

​

​

1,559,388

​

​

1,618,445

​

​

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

5,524,011

​

​

5,524,011

​

​

​

​

—

Home equity

​

​

156,304

​

​

51,663

​

​

54,136

​

​

262,103

​

​

10,722,679

​

​

10,984,782

​

​

​

​

—

Other consumer

​

​

—

​

​

9,144

​

​

1,565

​

​

10,709

​

​

661,851

​

​

672,560

​

​

​

​

—

​

​

$

728,902

​

$

598,403

​

$

1,672,072

​

$

2,999,377

​

$

84,118,386

​

$

87,117,763

​

​

​

$

—

Schedule of impaired loans and specific valuation allowance based on class level

​

2014

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Impaired loans without a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

$

1,396,878

​

$

1,003,575

​

$

290,956

​

$

—

​

$

86,296

​

$

2,777,705

​

​

Unpaid principal balance

​

​

1,475,218

​

​

1,121,615

​

​

304,827

​

​

—

​

​

92,277

​

​

2,993,937

​

​

Impaired loans with a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

1,330,834

​

​

11,782

​

​

49,790

​

​

—

​

​

66,583

​

​

1,458,989

​

​

Unpaid principal balance

​

​

1,373,484

​

​

12,700

​

​

56,120

​

​

—

​

​

69,627

​

​

1,511,931

​

​

Specific allowance

​

​

16,325

​

​

46

​

​

598

​

​

—

​

​

533

​

​

17,502

​

​

Total impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

2,727,712

​

​

1,015,357

​

​

340,746

​

​

—

​

​

152,879

​

​

4,236,694

​

​

Unpaid principal balance

​

​

2,848,702

​

​

1,134,315

​

​

360,947

​

​

—

​

​

161,904

​

​

4,505,868

​

​

Specific allowance

​

​

16,325

​

​

46

​

​

598

​

​

—

​

​

533

​

​

17,502

​

​

​

2013

​

​

Residential

Commercial

Construction

Commercial

Home Equity

​

​

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Impaired loans without a specific allowance:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

$

1,904,315

​

$

1,063,947

​

$

170,071

​

​

​

​

$

—

​

​

​

$

3,138,333

​

Unpaid principal balance

​

​

2,008,561

​

​

1,222,080

​

​

171,073

​

​

​

​

​

—

​

​

​

​

3,401,714

​

Impaired loans with a specific

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

allowance:

Recorded investment

​

​

1,341,100

​

​

516,780

​

​

26,639

​

​

—

​

​

237,558

​

​

​

​

2,122,077

​

Unpaid principal balance

​

​

1,376,123

​

​

649,136

​

​

31,083

​

​

—

​

​

240,295

​

​

​

​

2,296,637

​

Specific allowance

​

​

16,704

​

​

3,447

​

​

—

​

​

—

​

​

2,328

​

​

​

​

22,479

​

Total impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Recorded investment

​

​

3,245,415

​

​

1,580,727

​

​

196,710

​

​

—

​

​

237,558

​

​

​

​

5,260,410

​

Unpaid principal balance

​

​

3,384,684

​

​

1,871,216

​

​

202,156

​

​

—

​

​

240,295

​

​

​

​

5,698,351

​

Specific allowance

​

​

16,704

​

​

3,447

​

​

—

​

​

—

​

​

2,328

​

​

​

​

22,479

​

Schedule of average recorded investment and interest income recognized on impaired loans by portfolio class

​

2014

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Average recorded investment in impaired loans

​

$

2,394,222

​

$

1,078,123

​

$

330,360

​

$

—

​

$

137,430

​

$

3,940,135

​

​

Interest income recognized

​

​

38,882

​

​

16,369

​

​

5,945

​

​

—

​

​

303

​

​

61,499

​

​

Interest income recognized on a cash basis

​

​

38,748

​

​

16,369

​

​

5,945

​

​

—

​

​

303

​

​

61,435

​

​

​

2013

​

​

Residential

Commercial

Construction

Commercial

Home Equity

Total

​

1 – 4 Family

Real Estate

and Land

and Industrial

Average recorded investment in impaired loans

​

$

3,236,448

​

$

3,027,818

​

$

377,399

​

$

482,422

​

$

127,422

​

$

7,251,509

​

​

Interest income recognized

​

​

107,053

​

​

21,949

​

​

—

​

​

—

​

​

1,033

​

​

130,035

​

​

Interest income recognized on a cash basis

​

​

103,188

​

​

21,314

​

​

—

​

​

—

​

​

1,033

​

​

125,535

​

​

Schedule of the Bank's nonaccrual loans

​

2014

2013

Residential 1 – 4 family

​

$

1,397,529

​

$

1,237,062

Commercial real estate

​

​

729,032

​

​

841,612

Construction and land

​

​

49,789

​

​

26,639

Commercial and industrial

​

​

—

​

​

—

Home equity

​

​

76,937

​

​

207,967

Other consumer

​

​

—

​

​

—

​

​

$

2,253,287

​

$

2,313,280

Schedule of newly classified troubled debt restructurings

​

2014

2013

​

​

Number

Pre-

Post

Number

Pre-

Post

​

of Loans

Modification

Modification

of Loans

Modification

Modification

Recorded

Recorded

Recorded

Recorded

Balance

Balance

Balance

Balance

Residential 1 – 4 family

​

​

3

​

$

418,350

​

$

418,350

​

​

2

​

$

317,908

​

$

312,673

​

​

Commercial real estate

​

​

—

​

​

—

​

​

—

​

​

1

​

​

308,000

​

​

308,000

​

​

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

3

​

$

418,350

​

$

418,350

​

​

3

​

$

625,908

​

$

620,673

​

​

Schedule of newly restructured loans by type of modification

​

2014

​

Interest

Term

Combination

Total

Only

Modification

Residential 1 – 4 family

​

$

93,832

​

$

61,000

​

$

263,518

​

$

418,350

Commercial real estate

​

​

—

​

​

—

​

​

—

​

​

—

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

$

93,832

​

$

61,000

​

$

263,518

​

$

418,350

​

2013

​

Interest

Term

Combination

Total

Only

Modification

Residential 1 – 4 family

​

$

—

​

$

7,284

​

$

310,624

​

$

317,908

Commercial real estate

​

​

308,000

​

​

—

​

​

—

​

​

308,000

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

—

​

​

—

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

$

308,000

​

$

7,284

​

$

310,624

​

$

625,908

Schedule of troubled debt restructurings modified in the past 12 months that subsequently defaulted

​

2014

2013

​

Number of

Recorded

Number of

Recorded

Loans

Balance

Loans

Balance

Residential 1 – 4 family

​

​

—

​

$

—

​

​

—

​

$

—

Commercial real estate

​

​

1

​

​

214,736

​

​

1

​

​

172,886

Construction and land development

​

​

—

​

​

—

​

​

—

​

​

—

Commercial and industrial

​

​

—

​

​

—

​

​

—

​

​

—

Home equity

​

​

—

​

​

—

​

​

1

​

​

77,073

Other consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

1

​

$

214,736

​

​

2

​

$

249,959

Schedule of activity in the allowance for loan losses by portfolio segment

​

2014

Balance, January 1,

​

$

96,059

New loans and advances on lines

​

​

1,043,733

Repayments

​

​

-667,229

Other, newly established related party

​

​

1,273,972

Balance, December 31,

​

$

1,746,535

Balance available on lines of credit or loan commitments

​

​

558,191

Premises_and_Equipment_Tables

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Premises and Equipment
Schedule of major classifications of premises and equipment, stated at cost	​	2014			2013
	Land	​	$	864,420	​	$	947,901
	Land improvements	​	​	322,809	​	​	351,504
	Building and improvements	​	​	4,509,902	​	​	4,893,320
	Furniture, fixtures and equipment	​	​	3,651,942	​	​	3,895,245
	Total cost	​	​	9,349,073	​	​	10,087,970
	Accumulated depreciation	​	​	-5,436,782	​	​	-5,614,280
	Net premises and equipment	​	$	3,912,291	​	$	4,473,690

Loan_Servicing_Tables

Loan Servicing (Tables)	12 Months Ended
	Dec. 31, 2014
Loan Servicing
Summary of activity pertaining to mortgage servicing rights measured using the amortization method.	​	2014			2013
	Balance, beginning of year	​	$	364,999	​	$	320,235
	Additions	​	​	59,732	​	​	137,019
	Amortization	​	​	-106,819	​	​	-92,255
	Balance, end of year	​	$	317,912	​	$	364,999
	Fair value as of the beginning of the year	​	$	543,975	​	$	320,235
	Fair value as of the end of year	​	​	526,647	​	​	543,975
Summary of activity in mortgage servicing rights measured using the fair value method	​	2014			2013
	Balance, beginning of year	​	$	148,171	​	$	230,655
	Additions	​	​	—	​	​	—
	Change in fair value adjusted through earnings	​	​	-33,978	​	​	-82,484
	Balance, end of year	​	$	114,193	​	$	148,171

Intangible_Assets_Tables

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of carrying basis and accumulated amortization of recognized intangible assets

​

2014

2013

​

Gross Carrying

Accumulated

Gross Carrying

Accumulated

Amount

Amortization

Amount

Amortization

Core Deposit Intangibles

​

$

—

​

$

—

​

$

927,256

​

$

927,256

Deposits_Tables

Deposits (Tables)	12 Months Ended
	Dec. 31, 2014
Deposits
Schedule of deposits	​	​	2014			​	2013
	Non-interest bearing demand deposits	​	​	$	11,730,674	​	​	$	12,188,447
	Interest bearing deposits	​	​	​	24,528,025	​	​	​	17,605,503
	Money market	​	​	​	20,350,496	​	​	​	27,108,422
	Savings accounts	​	​	​	15,027,699	​	​	​	13,413,009
	Certificates of deposit	​	​	​	26,856,218	​	​	​	37,755,645
	Total deposits	​	​	$	98,493,112	​	​	$	108,071,026
Schedule of maturities of time deposits	At December 31, 2014, the scheduled maturities of time deposits are as follows:
	​	2015	​	​	$	14,500,593	​
	​	2016	​	​	​	7,568,693	​
	​	2017	​	​	​	3,086,220	​
	​	2018	​	​	​	744,568	​
	​	2019	​	​	​	815,218	​
	​	Thereafter	​	​	​	140,927	​
	​	Total	​	​	$	26,856,218	​

Federal_Home_Loan_Bank_Advance1

Federal Home Loan Bank Advances (Tables)	12 Months Ended
	Dec. 31, 2014
Advances from Federal Home Loan Banks [Abstract]
Schedule of maturities on advances	​	2015	$	2,000,000
	​	2016	​	2,000,000
	​	2017	​	2,000,000
	​	2018	​	2,000,000
	​	2019	​	2,000,000
	​	Total	$	10,000,000

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of components of provision (credit) for income taxes	​	2014			2013
	Taxes currently payable	​	$	—	​	$	—
	Deferred income taxes	​	​	—	​	​	—
	Income tax expense (benefit)	​	$	—	​	$	—
Schedule of reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense	​	2014			2013
	Computed at the statutory rate (34%)	​	$	-277,533	​	$	-548,887
	Increase (decrease) resulting from	​	​	—	​	​	-13,647
	Tax exempt interest
	Changes in the deferred tax asset valuation allowance	​	​	252,896	​	​	566,553
	Other	​	​	24,637	​	​	-4,019
	Actual tax expense (benefit)	​	$	—	​	$	—
Schedule of tax effects of temporary differences related to deferred taxes	​	2014			2013
	Deferred tax assets	​	​	​	​	​	​
	Allowance for loan losses	​	$	48,592	​	$	369,790
	Valuation of other real estate	​	​	1,729	​	​	19,333
	Net operating loss carryforward	​	​	3,169,105	​	​	3,021,485
	Charitable contribution carryforward	​	​	26,665	​	​	39,911
	Unrealized loss on available-for-sale securities	​	​	5,698	​	​	45,987
	Other	​	​	216,299	​	​	—
	Total assets	​	​	3,468,088	​	​	3,496,506
	Deferred tax liability	​	​	​	​	​	​
	Depreciation	​	​	-197,153	​	​	-265,295
	State tax	​	​	—	​	​	—
	Unrealized gain on available-for-sale securities	​	​	—	​	​	—
	Mortgage servicing rights	​	​	—	​	​	—
	Deferred loan fees	​	​	-5,900	​	​	-12,342
	FHLB stock dividends	​	​	-36,742	​	​	-48,317
	Other	​	​	—	​	​	-88,387
	Total liabilities	​	​	-239,795	​	​	-414,341
	Net deferred tax asset before valuation allowance	​	​	3,228,293	​	​	3,082,165
	Valuation allowance	​	​	​	​	​	​
	Beginning balance	​	​	-3,082,165	​	​	-2,377,422
	Increase during the period	​	​	-146,128	​	​	-704,743
	Ending balance	​	​	-3,228,293	​	​	-3,082,165
	Net deferred tax asset (liability)	​	$	—	​	$	—

Regulatory_Matters_Tables

Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2014

Regulatory Matters

Schedule of Company's actual capital amounts and ratios

​

Actual

Minimum Amount

Minimum Amount

Required for

To Be Well

Adequate Capital(1)

Capitalized(1)

​

Amount

Ratio

Amount

Ratio

Amount

Ratio

December 31, 2014

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total capital(1) (to risk-weighted assets)

​

$

13,188

​

17.87%

​

$

5,904

​

8.00%

​

$

7,380

​

10.00%

Tier I capital(1) (to risk-weighted assets)

​

​

12,264

​

16.62

​

​

2,952

​

4

​

​

4,428

​

6

Tier I capital(1) (to average assets)

​

​

12,264

​

10.03

​

​

4,893

​

4

​

​

6,116

​

5

December 31, 2013

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total capital(1) (to risk-weighted assets)

​

$

10,384

​

13.54%

​

$

6,137

​

8.00%

​

$

7,672

​

10.00%

Tier I capital(1) (to risk-weighted assets)

​

​

9,424

​

12.28

​

​

3,069

​

4

​

​

4,603

​

6

Tier I capital(1) (to average assets)

​

​

9,424

​

7.75

​

​

4,864

​

4

​

​

6,080

​

5

-1

As defined by regulatory agencies.

Employee_Benefits_Tables

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2014
Employee Benefits
Schedule of ESOP shares	​	2014
	Released Shares	​	​	—
	Shares committed for release	​	​	2,186
	Unreleased shares	​	​	51,245
	Total	​	​	53,431
	Fair value of unreleased shares	​	$	520,137

Disclosures_About_Fair_Value_o1

Disclosures About Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Disclosures About Fair Value of Assets and Liabilities

Schedule of fair value measurements of assets measured at fair value on a recurring basis

​

December 31, 2014

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

4,939,830

​

$

—

​

​

$

4,939,830

​

$

—

State and political subdivisions

​

​

3,361,085

​

​

—

​

​

​

3,361,085

​

​

—

Mortgage-backed – GSE residential

​

​

3,384,002

​

​

—

​

​

​

3,384,002

​

​

—

Collateralized mortgage obligations – GSE

​

​

1,033,148

​

​

—

​

​

​

1,033,148

​

​

—

Mortgage servicing rights

​

​

114,193

​

​

—

​

​

​

—

​

​

114,193

​

December 31, 2013

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

Available-for-sale securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Government and federal agency

​

$

6,441,138

​

$

—

​

​

$

6,441,138

​

$

—

State and political subdivisions

​

​

3,337,725

​

​

—

​

​

​

3,337,725

​

​

—

Mortgage-backed – GSE residential

​

​

4,231,130

​

​

—

​

​

​

4,231,130

​

​

—

Collateralized mortgage obligations – GSE

​

​

1,583,547

​

​

—

​

​

​

1,583,547

​

​

—

Mortgage servicing rights

​

​

148,171

​

​

—

​

​

​

​

​

​

148,171

Schedule of reconciliation of the beginning and ending balances of recurring fair value measurements recognized using significant unobservable (Level 3) inputs

​

2014

2013

Balance, beginning of year

​

$

148,171

​

$

230,655

​

Total changes in fair value included in earnings

​

​

-33,978

​

​

-82,484

​

Balance, end of year

​

$

114,193

​

$

148,171

​

Schedule of fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis

​

Fair Value Measurements Using

Assets

Fair Value

Quoted Prices in

Significant

Significant

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

December 31, 2014

​

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

190,000

​

$

—

​

​

$

—

​

$

190,000

Collateral-dependent impaired loans, Net of ALLL

​

​

1,441,487

​

​

—

​

​

​

—

​

​

1,441,487

December 31, 2013

​

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

234,000

​

$

—

​

​

$

—

​

$

234,000

Collateral-dependent impaired loans, Net of ALLL

​

​

2,099,598

​

​

—

​

​

​

—

​

​

2,099,598

Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill

​

Fair Value

Valuation

​

​

Unobservable Inputs

Weighted

​

Technique

Average

At December 31, 2014:

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

190,000

Market

​

​

Comparability adjustment (%)

Not available

​

comparable

properties

Collateral-dependent impaired loans, net

​

​

1,441,487

Market

​

​

Market ability discount

10% – 15% (12%)

​

of ALLL

comparable

properties

Mortgage servicing rights

​

​

114,193

Discounted

​

​

Constant prepayment rate Probability

8.5% – 16% (11.2%)

​

cash flow

of default Discount rate

1% – 8% (2.1%)

7.6% – 13% (10.4%)

At December 31, 2013:

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

234,000

Market

​

​

Comparability adjustment (%)

Not available

​

comparable

properties

Collateral-dependent impaired loans, net

​

​

2,099,598

Market

​

​

Market ability discount

10% – 15% (12%)

​

of ALLL

comparable

properties

Mortgage servicing rights

​

​

148,171

Discounted

​

​

Constant prepayment rate Probability of default Discount rate

14% – 24% (19.2%)

​

cash flow

1% – 8% (5.8%)

5.8% – 12.9% (8.4%)

Schedule of estimated fair values of the Company's financial instruments

​

Fair Value Measurements Using

​

Carrying

Quoted Prices in

Significant

Significant

Amount

Active Markets for

Other

Unobservable

Identical Assets

Observable

Inputs

(Level 1)

Inputs

(Level 3)

(Level 2)

At December 31, 2014:

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

13,444,597

​

$

13,444,597

​

​

$

—

​

$

—

FHLB Stock

​

​

1,078,900

​

​

—

​

​

​

1,078,900

​

​

—

Loans held for sale

​

​

48,300

​

​

​

​

​

​

48,300

​

​

​

Loans, net of allowance for loan losses

​

​

89,479,525

​

​

—

​

​

​

—

​

​

89,756,000

Accrued interest receivable

​

​

302,777

​

​

—

​

​

​

302,777

​

​

—

Mortgage servicing rights

​

​

317,912

​

​

—

​

​

​

—

​

​

526,647

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

98,493,112

​

​

11,730,674

​

​

​

86,842,438

​

​

—

Federal Home Loan Bank advances

​

​

10,000,000

​

​

​

​

​

​

10,098,000

​

​

​

Accrued interest payable

​

​

6,256

​

​

—

​

​

​

6,256

​

​

—

​

Fair Value Measurements Using

​

Carrying

Quoted Prices in

Significant Other

Significant

Amount

Active Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

At December 31, 2013:

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

10,322,076

​

$

10,322,076

​

​

$

—

​

$

—

FHLB Stock

​

​

1,408,200

​

​

—

​

​

​

1,408,200

​

​

—

Loans held for sale

​

​

—

​

​

—

​

​

​

—

​

​

​

Loans, net of allowance for loan losses

​

​

86,092,038

​

​

—

​

​

​

—

​

​

86,442,000

Accrued interest receivable

​

​

312,615

​

​

—

​

​

​

312,615

​

​

—

Mortgage servicing rights

​

​

364,999

​

​

—

​

​

​

—

​

​

543,975

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

108,071,026

​

​

12,188,447

​

​

​

96,800,644

​

​

—

Accrued interest payable

​

​

1,032

​

​

—

​

​

​

1,032

​

​

—

Commitments_and_Credit_Risk_Ta

Commitments and Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Credit Risk
Schedule of loan commitments and standby letters of credit outstanding	​	2014			2013
	Commitments to extend credit – variable rate	​	$	14,687,657	​	$	12,257,541
	Commitments to extend credit – fixed rate	​	​	5,402,290	​	​	780,604
	Standby letters of credit	​	​	10,000	​	​	23,000

Loss_Per_Share_Tables

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of earning per share	​	December 31, 2014
	Net Loss	​	$	-816,273
	Shares outstanding for basic EPS:	​
	Average shares outstanding	​	​	640,450
	Less: Average unearned ESOP shares	​	​	50,245
	​	​	​	590,205
	Additional dilutive shares	​	​	—
	Shares outstanding for basic and diluted EPS	​	​	590,205
	Basic and diluted loss per share	​	$	-1.38

Condensed_Financial_Informatio1

Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2014
Condensed Financial Information [Abstract]
Statement of condensed balance sheet	Condensed Balance Sheet
	​	2014
	Assets	​
	Cash and due from banks	​	$	1,059,374
	Investment in bank	​	​	12,247,581
	Total assets	​	$	13,306,955
	Liabilities	​
	Other	​	​	3,495
	​	​	​	3,495
	Temporary Equity	​
	ESOP shares subject to mandatory redemption	​	​	22,193
	Stockholders’ Equity	​	​	13,281,267
	Total liability and stockholders’ equity	​	$	13,306,955
Statement of condensed operations and comprehensive income	Condensed Statement of Operations and Comprehensive Loss
	​	2014
	Income	​
	Other income	​	$	9,349
	Expense	​
	Other expenses	​	​	165,776
	Loss Before Income Tax and Equity in Undistributed Income of Subsidiary	​	​	-156,427
	Income Tax Benefit	​	​	—
	Loss Before Equity in Undistributed Income of Subsidiary	​	​	-156,427
	Equity in Undistributed Loss of Subsidiary	​	​	-659,846
	Net Loss	​	$	-816,273
	Comprehensive Loss	​	$	-697,777
Statement of condensed cash flow	Condensed Statement of Cash Flows
	​	2014
	Operating Activities	​
	Net income (loss)	​	$	-816,273
	Items not requiring (providing) cash	​
	Equity in undistributed loss of subsidiary	​	​	659,846
	Compensation expense on allocated ESOP shares	​	​	22,193
	Change in other liabilities	​	​	3,495
	Net cash used in operating activities	​	​	-130,739
	Investing Activities	​
	Investment in Bank	​	​	-3,500,000
	Financing Activities	​
	Net proceeds from stock conversion	​	​	4,690,113
	Net Change in Cash and Due From Banks	​	​	1,059,374
	Cash and Due From Banks at Beginning of Year	​	​	—
	Cash and Due From Banks at End of Year	​	$	1,059,374

Nature_of_Operations_and_Summa3

Nature of Operations and Summary of Significant Accounting Policies - Estimated useful lives for premises and equipment (Details)	12 Months Ended
	Dec. 31, 2014
Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	39 years
Building and land improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3-7 years

Nature_of_Operations_and_Summa4

Nature of Operations and Summary of Significant Accounting Policies (Detail Textuals) (Plan of Conversion and Reorganization, USD $)	0 Months Ended
	Jan. 16, 2014
Plan of Conversion and Reorganization
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Shares issued to new company	667,898
Issue price of common stock (in dollars per share)	$10
Offering costs	$1,455,000
Proceeds from Issuance of Common Stock	$4,690,000
Shares of common stock purchased under employee stock ownership plan (in shares)	53,431
Purchase price (in dollars per share)	$10

Nature_of_Operations_and_Summa5

Nature of Operations and Summary of Significant Accounting Policies (Detail Textuals 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	item
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash equivalents	$0	$0
Number of cash accounts of the company at nonfederal government or governmental related entities, which exceeded federally insured limits	0
Federally insured limits per covered institution	$250,000
Minimum period of performance criterion for nonaccrual loans including TDRs	6 months

Restriction_on_Cash_and_Due_Fr1

Restriction on Cash and Due From Banks (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Restriction on Cash and Due From Banks
Reserve required	$486,000	$502,000

Securities_Details

Securities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amortized cost and approximate fair values of investment securities
Amortized Cost	$12,734,825	$15,728,796
Gross Unrealized Gains	69,387	74,471
Gross Unrealized Losses	86,147	209,727
Fair Value	12,718,065	15,593,540
U.S. Government and federal agency
Amortized cost and approximate fair values of investment securities
Amortized Cost	5,002,617	6,557,658
Gross Unrealized Gains	3,230	9,682
Gross Unrealized Losses	66,017	126,202
Fair Value	4,939,830	6,441,138
State and political subdivisions
Amortized cost and approximate fair values of investment securities
Amortized Cost	3,354,828	3,359,021
Gross Unrealized Gains	20,436	18,008
Gross Unrealized Losses	14,179	39,304
Fair Value	3,361,085	3,337,725
Mortgage-backed - GSE-residential Sponsored Enterprise (GSE)-residential
Amortized cost and approximate fair values of investment securities
Amortized Cost	3,357,163	4,224,511
Gross Unrealized Gains	32,790	36,873
Gross Unrealized Losses	5,951	30,254
Fair Value	3,384,002	4,231,130
Collateralized mortgage obligations - GSE
Amortized cost and approximate fair values of investment securities
Amortized Cost	1,020,217	1,587,606
Gross Unrealized Gains	12,931	9,908
Gross Unrealized Losses		13,967
Fair Value	$1,033,148	$1,583,547

Securities_Details_1

Securities (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Amortized Cost
Within one year	$795,000
After one through five years	7,562,445
Total	8,357,445
Totals	12,734,825	15,728,796
Fair Value
Within one year	795,723
After one through five years	7,505,192
Total	8,300,915
Totals	12,718,065	15,593,540
Mortgage-backed - GSE residential
Amortized Cost
Totals	3,357,163	4,224,511
Fair Value
Totals	3,384,002	4,231,130
Collateralized debt obligations
Amortized Cost
Totals	1,020,217	1,587,606
Fair Value
Totals	$1,033,148	$1,583,547

Securities_Details_2

Securities (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Fair Value
Less than 12 Months	$2,086,217	$10,024,662
12 Months or More	3,980,564
Total	6,066,781	10,024,662
Gross Unrealized Losses
Less than 12 Months	8,555	209,727
12 Months or Longer	77,592
Total	86,147	209,727
U.S. Government and federal agency
Fair Value
Less than 12 Months		4,423,805
12 Months or More	3,492,139
Total	3,492,139	4,423,805
Gross Unrealized Losses
Less than 12 Months		126,202
12 Months or Longer	66,017
Total	66,017	126,202
State and political subdivisions
Fair Value
Less than 12 Months	804,572	2,015,891
12 Months or More	488,425
Total	1,292,997	2,015,891
Gross Unrealized Losses
Less than 12 Months	2,604	39,304
12 Months or Longer	11,575
Total	14,179	39,304
Mortgage-backed - GSE residential
Fair Value
Less than 12 Months	1,281,645	2,948,777
12 Months or More
Total	1,281,645	2,948,777
Gross Unrealized Losses
Less than 12 Months	5,951	30,254
12 Months or Longer
Total	5,951	30,254
Collateralized debt obligations
Fair Value
Less than 12 Months		636,189
12 Months or More
Total		636,189
Gross Unrealized Losses
Less than 12 Months		13,967
12 Months or Longer
Total		$13,967

Securities_Detail_Textuals

Securities (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Securities
Carrying value of securities pledged as collateral to secure public deposits and for other purposes	$345,931	$459,263
Sales of securities available for sale	0	0
Debt securities reported at an amount less than their historical cost	$6,066,781	$10,024,662
Debt securities reported at an amount less than their historical cost as a percentage of the company's investment portfolio	48.00%	64.00%

Loans_and_Allowance_for_Loan_L2

Loans and Allowance for Loan Losses (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Less other items:
Allowance for loan losses	$1,075,351	$1,061,141
Total loans, net	89,479,525	86,092,038
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	90,537,819	87,117,763
Less other items:
Net deferred loan costs	-17,057	-35,416
Allowance for loan losses	1,075,351	1,061,141	1,504,169
Total loans, net	89,479,525	86,092,038
Loans Receivable | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	74,785,542	69,936,410
Loans Receivable | Residential 1- 4 family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	45,353,599	43,612,578
Less other items:
Allowance for loan losses	222,618	188,325	243,867
Loans Receivable | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	27,908,662	24,705,387
Loans Receivable | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,523,281	1,618,445
Loans Receivable | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,536,805	5,524,011
Less other items:
Allowance for loan losses	248,388	138,268	32,663
Loans Receivable | Total consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10,215,472	11,657,342
Less other items:
Allowance for loan losses	100,724	147,217	137,985
Loans Receivable | Home equity loans and lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9,331,608	10,984,782
Loans Receivable | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$883,864	$672,560

Loans_and_Allowance_for_Loan_L3

Loans and Allowance for Loan Losses (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan losses
Provision (credit) for loan losses		$640,000
Balance, end of year	1,075,351	1,061,141
Loans Receivable
Allowance for loan losses
Balance, beginning of year	1,061,141	1,504,169
Provision (credit) for loan losses		640,000
Loans charged to the allowance	-100,354	-1,124,934
Recoveries of loans previously charged off	114,564	41,906
Balance, end of year	1,075,351	1,061,141
Ending balance: individually evaluated for impairment	17,502	22,479
Ending balance: collectively evaluated for impairment	1,057,849	1,038,662
Loans:
Ending balance	90,537,819	87,117,763
Ending balance individually evaluated for impairment	4,236,694	5,260,410
Ending balance collectively evaluated for impairment	86,301,125	81,857,353
Loans Receivable | Residential 1- 4 family
Allowance for loan losses
Balance, beginning of year	188,325	243,867
Provision (credit) for loan losses	58,217	133,163
Loans charged to the allowance	-27,134	-202,262
Recoveries of loans previously charged off	3,210	13,557
Balance, end of year	222,618	188,325
Ending balance: individually evaluated for impairment	16,325	16,704
Ending balance: collectively evaluated for impairment	206,293	171,621
Loans:
Ending balance	45,353,599	43,612,578
Ending balance individually evaluated for impairment	2,727,712	3,245,415
Ending balance collectively evaluated for impairment	42,625,887	40,367,163
Loans Receivable | Commercial Real Estate
Allowance for loan losses
Balance, beginning of year	587,331	1,089,654
Provision (credit) for loan losses	-174,664	-19,670
Loans charged to the allowance		-483,426
Recoveries of loans previously charged off	90,954	773
Balance, end of year	503,621	587,331
Ending balance: individually evaluated for impairment	644	3,447
Ending balance: collectively evaluated for impairment	502,977	583,884
Loans:
Ending balance	29,431,943
Ending balance individually evaluated for impairment	1,356,103	1,777,437
Ending balance collectively evaluated for impairment	28,075,840	24,546,395
Loans Receivable | Commercial and Industrial
Allowance for loan losses
Balance, beginning of year	138,268	32,663
Provision (credit) for loan losses	110,120	431,844
Loans charged to the allowance		-351,239
Recoveries of loans previously charged off		25,000
Balance, end of year	248,388	138,268
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	248,388	138,268
Loans:
Ending balance	5,536,805	5,524,011
Ending balance individually evaluated for impairment
Ending balance collectively evaluated for impairment	5,536,805	5,524,011
Loans Receivable | Consumer
Allowance for loan losses
Balance, beginning of year	147,217	137,985
Provision (credit) for loan losses	6,327	94,663
Loans charged to the allowance	-73,220	-88,007
Recoveries of loans previously charged off	20,400	2,576
Balance, end of year	100,724	147,217
Ending balance: individually evaluated for impairment	533	2,328
Ending balance: collectively evaluated for impairment	100,191	144,889
Loans:
Ending balance	10,215,472	11,657,342
Ending balance individually evaluated for impairment	152,879	237,558
Ending balance collectively evaluated for impairment	$10,062,593	$11,419,784

Loans_and_Allowance_for_Loan_L4

Loans and Allowance for Loan Losses (Details 2) (Loans Receivable, USD $)	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Total	$90,537,819	$87,117,763
Pass
Financing Receivable, Recorded Investment [Line Items]
Total	87,431,481	82,216,751
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	219,157	1,048,627
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	2,887,181	3,852,385
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Residential 1 - 4 Family
Financing Receivable, Recorded Investment [Line Items]
Total	45,353,599	43,612,578
Residential 1 - 4 Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	44,618,696	42,899,910
Residential 1 - 4 Family | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Residential 1 - 4 Family | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	734,903	712,668
Residential 1 - 4 Family | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Residential 1 - 4 Family | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total	27,908,662	24,705,387
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	25,726,754	21,414,636
Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	219,157	798,627
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	1,962,751	2,492,124
Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Construction and Land
Financing Receivable, Recorded Investment [Line Items]
Total	1,523,281	1,618,445
Construction and Land | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	1,344,107	1,341,806
Construction and Land | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total		250,000
Construction and Land | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	179,174	26,639
Construction and Land | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Construction and Land | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total	5,536,805	5,524,011
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	5,536,805	5,059,361
Commercial and Industrial | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total		464,650
Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total	9,331,608	10,984,782
Home Equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	9,321,255	10,828,478
Home Equity | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Home Equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	10,353	156,304
Home Equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Home Equity | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Other Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	883,864	672,560
Other Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	883,864	672,560
Other Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Other Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total
Other Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Other Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total

Loans_and_Allowance_for_Loan_L5

Loans and Allowance for Loan Losses (Details 3) (Loans Receivable, USD $)	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$1,241,620	$728,902
60-89 Days Past Due	589,475	598,403
Greater Than 90 Days	767,228	1,672,072
Total Past Due	2,598,323	2,999,377
Current	87,939,496	84,118,386
Total Loans	90,537,819	87,117,763
Total Loans > 90 Days & Accruing
Residential 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	1,147,797	529,097
60-89 Days Past Due	557,817	537,596
Greater Than 90 Days	734,903	1,583,953
Total Past Due	2,440,517	2,650,646
Current	42,913,082	40,961,932
Total Loans	45,353,599	43,612,578
Total Loans > 90 Days & Accruing
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	11,782	16,862
60-89 Days Past Due
Greater Than 90 Days
Total Past Due	11,782	16,862
Current	27,896,880	24,688,525
Total Loans	27,908,662	24,705,387
Total Loans > 90 Days & Accruing
Construction and land
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	27,817	26,639
60-89 Days Past Due
Greater Than 90 Days	21,972	32,418
Total Past Due	49,789	59,057
Current	1,473,492	1,559,388
Total Loans	1,523,281	1,618,445
Total Loans > 90 Days & Accruing
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days
Total Past Due
Current	5,536,805	5,524,011
Total Loans	5,536,805	5,524,011
Total Loans > 90 Days & Accruing
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	54,224	156,304
60-89 Days Past Due	25,601	51,663
Greater Than 90 Days	10,353	54,136
Total Past Due	90,178	262,103
Current	9,241,430	10,722,679
Total Loans	9,331,608	10,984,782
Total Loans > 90 Days & Accruing
Other Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due	6,057	9,144
Greater Than 90 Days		1,565
Total Past Due	6,057	10,709
Current	877,807	661,851
Total Loans	883,864	672,560
Total Loans > 90 Days & Accruing

Loans_and_Allowance_for_Loan_L6

Loans and Allowance for Loan Losses (Details 4) (Loans Receivable, USD $)	Dec. 31, 2014	Dec. 31, 2013
Impaired loans without a specific allowance:
Recorded investment	$2,777,705	$3,138,333
Unpaid principal balance	2,993,937	3,401,714
Impaired loans with a specific allowance:
Recorded investment	1,458,989	2,122,077
Unpaid principal balance	1,511,931	2,296,637
Specific allowance	17,502	22,479
Total impaired loans:
Recorded investment	4,236,694	5,260,410
Unpaid principal balance	4,505,868	5,698,351
Specific allowance	17,502	22,479
Residential 1 - 4 Family
Impaired loans without a specific allowance:
Recorded investment	1,396,878	1,904,315
Unpaid principal balance	1,475,218	2,008,561
Impaired loans with a specific allowance:
Recorded investment	1,330,834	1,341,100
Unpaid principal balance	1,373,484	1,376,123
Specific allowance	16,325	16,704
Total impaired loans:
Recorded investment	2,727,712	3,245,415
Unpaid principal balance	2,848,702	3,384,684
Specific allowance	16,325	16,704
Commercial Real Estate
Impaired loans without a specific allowance:
Recorded investment	1,003,575	1,063,947
Unpaid principal balance	1,121,615	1,222,080
Impaired loans with a specific allowance:
Recorded investment	11,782	516,780
Unpaid principal balance	12,700	649,136
Specific allowance	46	3,447
Total impaired loans:
Recorded investment	1,015,357	1,580,727
Unpaid principal balance	1,134,315	1,871,216
Specific allowance	46	3,447
Construction and Land
Impaired loans without a specific allowance:
Recorded investment	290,956	170,071
Unpaid principal balance	304,827	171,073
Impaired loans with a specific allowance:
Recorded investment	49,790	26,639
Unpaid principal balance	56,120	31,083
Specific allowance	598
Total impaired loans:
Recorded investment	340,746	196,710
Unpaid principal balance	360,947	202,156
Specific allowance	598
Commercial and industrial
Impaired loans without a specific allowance:
Recorded investment
Unpaid principal balance
Impaired loans with a specific allowance:
Recorded investment
Unpaid principal balance
Specific allowance
Total impaired loans:
Recorded investment
Unpaid principal balance
Specific allowance
Home Equity
Impaired loans without a specific allowance:
Recorded investment	86,296
Unpaid principal balance	92,277
Impaired loans with a specific allowance:
Recorded investment	66,583	237,558
Unpaid principal balance	69,627	240,295
Specific allowance	533	2,328
Total impaired loans:
Recorded investment	152,879	237,558
Unpaid principal balance	161,904	240,295
Specific allowance	$533	$2,328

Loans_and_Allowance_for_Loan_L7

Loans and Allowance for Loan Losses (Details 5) (Loans Receivable, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	$3,940,135	$7,251,509
Interest income recognized	61,499	130,035
Interest income recognized on a cash basis	61,435	125,535
Residential 1 - 4 Family
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	2,394,222	3,236,448
Interest income recognized	38,882	107,053
Interest income recognized on a cash basis	38,748	103,188
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	1,078,123	3,027,818
Interest income recognized	16,369	21,949
Interest income recognized on a cash basis	16,369	21,314
Construction and Land
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	330,360	377,399
Interest income recognized	5,945
Interest income recognized on a cash basis	5,945
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans		482,422
Interest income recognized
Interest income recognized on a cash basis
Home Equity
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	137,430	127,422
Interest income recognized	303	1,033
Interest income recognized on a cash basis	$303	$1,033

Loans_and_Allowance_for_Loan_L8

Loans and Allowance for Loan Losses (Details 6) (Loans Receivable, USD $)	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$2,253,287	$2,313,280
Residential 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,397,529	1,237,062
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	729,032	841,612
Construction and land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	49,789	26,639
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	76,937	207,967
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total

Loans_and_Allowance_for_Loan_L9

Loans and Allowance for Loan Losses (Details 7) (Loans Receivable, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	item	item
Financing Receivable, Modifications [Line Items]
Number of Loans	3	3
Pre-Modification Recorded Balance	$418,350	$625,908
Post-Modification Recorded Balance	418,350	620,673
Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Number of Loans	3	2
Pre-Modification Recorded Balance	418,350	317,908
Post-Modification Recorded Balance	418,350	312,673
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Pre-Modification Recorded Balance		308,000
Post-Modification Recorded Balance		308,000
Construction and land development
Financing Receivable, Modifications [Line Items]
Number of Loans
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Commercial and industrial
Financing Receivable, Modifications [Line Items]
Number of Loans
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Home equity
Financing Receivable, Modifications [Line Items]
Number of Loans
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Other consumer
Financing Receivable, Modifications [Line Items]
Number of Loans
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Interest Only
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	93,832	308,000
Interest Only | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	93,832
Interest Only | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance		308,000
Interest Only | Construction and land development
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Interest Only | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Interest Only | Home equity
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Interest Only | Other consumer
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	61,000	7,284
Term | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	61,000	7,284
Term | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term | Construction and land development
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term | Home equity
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term | Other consumer
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	263,518	310,624
Combination | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance	263,518	310,624
Combination | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Construction and land development
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Commercial and industrial
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Home equity
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Other consumer
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance

Recovered_Sheet1

Loans and Allowance for Loan Losses (Details 8) (Loans Receivable, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	item	item
Financing Receivable, Modifications [Line Items]
Number of Loans	1	2
Recorded Balance	$214,736	$249,959
Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Number of Loans
Recorded Balance
Commercial Real Estate
Financing Receivable, Modifications [Line Items]
Number of Loans	1	1
Recorded Balance	214,736	172,886
Construction and land development
Financing Receivable, Modifications [Line Items]
Number of Loans
Recorded Balance
Commercial and industrial
Financing Receivable, Modifications [Line Items]
Number of Loans
Recorded Balance
Home Equity
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Recorded Balance		77,073
Other consumer loans
Financing Receivable, Modifications [Line Items]
Number of Loans
Recorded Balance

Recovered_Sheet2

Loans and Allowance for Loan Losses (Details 9) (Loans Receivable, USD $)	12 Months Ended
	Dec. 31, 2014
Loans Receivable
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, January 1,	$96,059
New loans and advances on lines	1,043,733
Repayments	-667,229
Other, newly established related party	1,273,972
Balance, December 31,	1,746,535
Balance available on lines of credit or loan commitments	$558,191

Recovered_Sheet3

Loans and Allowance for Loan Losses (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum period of payment performance under existing or modified terms	6 months
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in the allowance for loan losses	$3,502	$5,338
Charge offs in the troubled debt restructurings	19,937
Minimum period of payment performance under existing or modified terms	6 months
Loans Receivable | Residential 1- 4 family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans designated as TDRs which met the criteria for placement back on accrual status	1,009,396	2,014,058
Loans Receivable | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans designated as TDRs which met the criteria for placement back on accrual status	286,325	443,705
Loans Receivable | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans designated as TDRs which met the criteria for placement back on accrual status	133,754
Loans Receivable | Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans designated as TDRs which met the criteria for placement back on accrual status	$2,368	$23,885

Premises_and_Equipment_Details

Premises and Equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Premises and equipment
Total cost	$9,349,073	$10,087,970
Accumulated depreciation	-5,436,782	-5,614,280
Net premises and equipment	3,912,291	4,473,690
Land
Premises and equipment
Total cost	864,420	947,901
Land improvements
Premises and equipment
Total cost	322,809	351,504
Buildings and improvements
Premises and equipment
Total cost	4,509,902	4,893,320
Furniture, fixtures, and equipment
Premises and equipment
Total cost	$3,651,942	$3,895,245

Premises_and_Equipment_Detail_

Premises and Equipment (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013
Premises and Equipment
Assets held for sale	$222,000
Impairment loss	$6,588

Loan_Servicing_Details

Loan Servicing (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Activity pertaining to mortgage servicing rights measured using the amortization method, along with the aggregate activity in related valuation allowances
Balance, beginning of year	$364,999	$320,235
Additions	59,732	137,019
Amortization	-106,819	-92,255
Balance, end of year	317,912	364,999
Fair value as of the beginning of the year	543,975	320,235
Fair value as of the end of year	$526,647	$543,975

Loan_Servicing_Details_1

Loan Servicing (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Activity in mortgage servicing rights measured using the fair value method
Balance, beginning of year	$148,171	$230,655
Additions
Change in fair value adjusted through earnings	-33,978	-82,484
Balance, end of year	$114,193	$148,171

Loan_Servicing_Detail_Textuals

Loan Servicing (Detail Textuals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Loan Servicing
Unpaid principal balances of mortgage and other loans serviced for others	$73,575,000	$76,659,000

Intangible_Assets_Summary_of_c

Intangible Assets - Summary of carrying basis and accumulated amortization of recognized intangible assets (Details) (Core Deposit Intangibles, USD $)	Dec. 31, 2014	Dec. 31, 2013
Core Deposit Intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$927,256
Accumulated Amortization		$927,256

Intangible_Assets_Detail_Textu

Intangible Assets (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$51,972

Deposits_Details

Deposits (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deposits
Non-interest bearing demand deposits	$11,730,674	$12,188,447
Interest bearing deposits	24,528,025	17,605,503
Money market	20,350,496	27,108,422
Savings accounts	15,027,699	13,413,009
Certificates of deposit	26,856,218	37,755,645
Total deposits	$98,493,112	$108,071,026

Deposits_Details_1

Deposits (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deposits
2015	$14,500,593
2016	7,568,693
2017	3,086,220
2018	744,568
2019	815,218
Thereafter	140,927
Total	$26,856,218	$37,755,645

Deposits_Detail_Textuals

Deposits (Detail Textuals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deposits
Interest bearing deposits of $100,000 or more	$7,664,166	$10,576,028
Deposits from executive officers, directors and their affiliates	$1,516,175	$1,041,453

Federal_Home_Loan_Bank_Advance2

Federal Home Loan Bank Advances (Details) (USD $)	Dec. 31, 2014
Federal Home Loan Bank, Advances [Line Items]
2015	$10,000,000
Federal Home Loan Bank advances
Federal Home Loan Bank, Advances [Line Items]
2015	2,000,000
2016	2,000,000
2017	2,000,000
2018	2,000,000
2019	2,000,000
Total	$10,000,000

Federal_Home_Loan_Bank_Advance3

Federal Home Loan Bank Advances (Detail Textuals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Federal Home Loan Bank advances
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank advances	$10,000,000	$0
Federal Home Loan Bank advances and line of credit secured loans	35,300,000	24,000,000
Line of credit	2,000,000
Federal Home Loan Bank advances | Minimum
Federal Home Loan Bank, Advances [Line Items]
Interest rates	0.34%
Federal Home Loan Bank advances | Maximum
Federal Home Loan Bank, Advances [Line Items]
Interest rates	1.79%
Federal funds line with United Bankers Bank
Federal Home Loan Bank, Advances [Line Items]
Line of credit	$2,000,000

Income_Taxes_Provision_credit_

Income Taxes - Provision (credit) for income taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Taxes currently payable
Deferred income taxes
Income tax expense (benefit)

Income_Taxes_Reconciliation_of

Income Taxes - Reconciliation of income tax expense at statutory rate (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Computed at the statutory rate (34%)	($277,533)	($548,887)
Increase (decrease) resulting from Tax exempt interest		-13,647
Changes in the deferred tax asset valuation allowance	252,896	566,553
Other	24,637	-4,019
Actual tax expense (benefit)

Income_Taxes_Tax_effects_of_te

Income Taxes - Tax effects of temporary differences related to deferred taxes (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets
Allowance for loan losses	$48,592	$369,790
Valuation of other real estate	1,729	19,333
Net operating loss carryforward	3,169,105	3,021,485
Charitable contribution carryforward	26,665	39,911
Unrealized loss on available-for-sale securities	5,698	45,987
Other	216,299
Total assets	3,468,088	3,496,506
Deferred tax liability
Depreciation	-197,153	-265,295
State tax
Unrealized gain on available-for-sale securities
Mortgage servicing rights
Deferred loan fees	-5,900	-12,342
FHLB stock dividends	-36,742	-48,317
Other		-88,387
Total liabilities	-239,795	-414,341
Net deferred tax asset before valuation allowance	3,228,293	3,082,165
Valuation allowance
Beginning balance	-3,082,165	-2,377,422
Increase during the period	-146,128	-704,743
Ending balance	-3,082,165	-3,082,165
Net deferred tax asset (liability)	($3,082,165)

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Amount included in retained earnings for which no deferred federal income tax liability was recognized	$702,000	$702,000
Federal
Income taxes
Net operating loss carryforwards	9,000,000
State
Income taxes
Net operating loss carryforwards	$1,300,000

Regulatory_Matters_Details

Regulatory Matters (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013
Total capital (to risk-weighted assets)
Actual, Amount	$13,188	[1]	$10,384	[1]
Actual, Ratio (as a percent)	17.87%	[1]	13.54%	[1]
Minimum Amount Required for Adequate Capital, Amount	5,904	[1]	6,137	[1]
Minimum Amount Required for Adequate Capital, Ratio (as a percent)	8.00%	[1]	8.00%	[1]
Minimum to Amount To Be Well Capitalized, Amount	7,380	[1]	7,672	[1]
Minimum to Amount To Be Well Capitalized, Ratio (as a percent)	10.00%	[1]	10.00%	[1]
Tier I capital (to risk-weighted assets)
Actual, Amount	12,264	[1]	9,424	[1]
Actual, Ratio (as a percent)	16.62%	[1]	12.28%	[1]
Minimum Amount Required for Adequate Capital, Amount	2,952	[1]	3,069	[1]
Minimum Amount Required for Adequate Capital, Ratio (as a percent)	4.00%	[1]	4.00%	[1]
Minimum Amount To Be Well Capitalized, Amount	4,428	[1]	4,603	[1]
Minimum Amount To Be Well Capitalized, Ratio (as a percent)	6.00%	[1]	6.00%	[1]
Tier I capital (to average assets)
Actual, Amount	12,264	[1]	9,424	[1]
Actual, Ratio (as a percent)	10.03%	[1]	7.75%	[1]
Minimum Amount Required for Adequate Capital, Amount	4,893	[1]	4,864	[1]
Minimum Amount Required for Adequate Capital, Ratio (as a percent)	4.00%	[1]	4.00%	[1]
Minimum Amount To Be Well Capitalized, Amount	$6,116	[1]	$6,080	[1]
Minimum Amount To Be Well Capitalized, Ratio (as a percent)	5.00%	[1]	5.00%	[1]
[1]	As defined by regulatory agencies.

Employee_Benefits_Details

Employee Benefits (Details) (USD $)	Dec. 31, 2014
Summary of ESOP shares
Released Shares
Shares committed for Release	2,186
Unreleased shares	51,245
Total	53,431
Fair value of unreleased shares	$520,137

Employee_Benefits_Detail_Textu

Employee Benefits (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014
Employee Benefit Plans [Line Items]
Number of hours required to be worked for eligible to participate under ESOP	1,000
Requisite Service Period in ESOP	12 months
Minimum age required to be eligible to participate under ESOP	21 years
ESOP borrowed funds	53,431
Percentage of the common stock issued in the stock offering	8.00%
Loan expected to be repaid over a period	25 years
Employee stock ownership plan at rate	20.00%
ESOP compensation expense	$22,193
ESOP fair value of shares	22,193
Retirement savings 401(k) plan
Employee Benefit Plans [Line Items]
Minimum age required to be eligible to participate in 401(k) plan	21 years
Number of hours required to be worked to be eligible to participate in 401(k) plan	1,000
Requisite service period in 401(k) plan	3 months
Maximum employee contribution as a percentage of compensation	25.00%
Maximum employee contribution per year	17,500
Employer matching contributions as a percentage of employee's contribution	100.00%
Percentage of employee's compensation matched by employer	3.00%
Employer matching contributions as a percentage of additional employee's contribution	50.00%
Percentage of additional employee's compensation matched by employer	2.00%
Employer contributions charged to expense	59,645	42,212
Pentegra Plan
Employee Benefit Plans [Line Items]
Number of collective bargaining agreements under the plan that require contributions	0
Pension plan | Pentegra Plan
Employee Benefit Plans [Line Items]
Minimum age required to be eligible to participate in the plan	21 years
Requisite service period	1 year
Pension expense	142,715	91,031
Funded percentage			67.25%		74.37%
Total contributions by all employer participants			136,477,565	196,473,170
Employer contributions	$133,156	$136,127
Maximum employer contributions as a percentage of the total contributions made by all employer participants	5.00%

Disclosures_About_Fair_Value_o2

Disclosures About Fair Value of Assets and Liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Recurring Measurements
Totals	$12,718,065	$15,593,540
Mortgage servicing rights	114,193	148,171	230,655
U.S. Government and federal agency
Recurring Measurements
Totals	4,939,830	6,441,138
State and political subdivisions
Recurring Measurements
Totals	3,361,085	3,337,725
Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,384,002	4,231,130
Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	1,033,148	1,583,547
Quoted Prices in Active Markets for Identical Assets (Level 1)
Recurring Measurements
Mortgage servicing rights
Significant Other Observable Inputs (Level 2)
Recurring Measurements
Mortgage servicing rights
Significant Unobservable Inputs (Level 3)
Recurring Measurements
Mortgage servicing rights	526,647	543,975
Recurring basis | Fair Value
Recurring Measurements
Mortgage servicing rights	114,193	148,171
Recurring basis | Fair Value | U.S. Government and federal agency
Recurring Measurements
Totals	4,939,830	6,441,138
Recurring basis | Fair Value | State and political subdivisions
Recurring Measurements
Totals	3,361,085	3,337,725
Recurring basis | Fair Value | Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,384,002	4,231,130
Recurring basis | Fair Value | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	1,033,148	1,583,547
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Recurring Measurements
Mortgage servicing rights
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government and federal agency
Recurring Measurements
Totals
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | State and political subdivisions
Recurring Measurements
Totals
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed - GSE residential
Recurring Measurements
Totals
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals
Recurring basis | Significant Other Observable Inputs (Level 2)
Recurring Measurements
Mortgage servicing rights
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. Government and federal agency
Recurring Measurements
Totals	4,939,830	6,441,138
Recurring basis | Significant Other Observable Inputs (Level 2) | State and political subdivisions
Recurring Measurements
Totals	3,361,085	3,337,725
Recurring basis | Significant Other Observable Inputs (Level 2) | Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,384,002	4,231,130
Recurring basis | Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	1,033,148	1,583,547
Recurring basis | Significant Unobservable Inputs (Level 3)
Recurring Measurements
Mortgage servicing rights	114,193	148,171
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. Government and federal agency
Recurring Measurements
Totals
Recurring basis | Significant Unobservable Inputs (Level 3) | State and political subdivisions
Recurring Measurements
Totals
Recurring basis | Significant Unobservable Inputs (Level 3) | Mortgage-backed - GSE residential
Recurring Measurements
Totals
Recurring basis | Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals

Disclosures_About_Fair_Value_o3

Disclosures About Fair Value of Assets and Liabilities (Details 2) (Mortgage Servicing Rights, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Mortgage Servicing Rights
Reconciliation of the beginning and ending balances of recurring fair value measurements recognized using significant unobservable (Level 3) inputs
Balance, beginning of year	$148,171	$230,655
Total changes in fair value included in earnings	-33,978	-82,484
Balance, end of year	$114,193	$148,171

Disclosures_About_Fair_Value_o4

Disclosures About Fair Value of Assets and Liabilities (Details 3) (Nonrecurring basis, USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value | Other real estate owned
Nonrecurring Measurements
Assets measured at fair value	$190,000	$234,000
Fair Value | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value	1,441,487	2,099,598
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned
Nonrecurring Measurements
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value
Significant Other Observable Inputs (Level 2) | Other real estate owned
Nonrecurring Measurements
Assets measured at fair value
Significant Other Observable Inputs (Level 2) | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value
Significant Unobservable Inputs (Level 3) | Other real estate owned
Nonrecurring Measurements
Assets measured at fair value	190,000	234,000
Significant Unobservable Inputs (Level 3) | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value	$1,441,487	$2,099,598

Disclosures_About_Fair_Value_o5

Disclosures About Fair Value of Assets and Liabilities (Details 4) (Level 3, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Other real estate owned | Market comparable properties
Quantitative information about unobservable inputs
Fair Value	190,000	234,000
Collateral-dependent impaired loans, net of ALLL | Market comparable properties
Quantitative information about unobservable inputs
Fair Value	1,441,487	2,099,598
Collateral-dependent impaired loans, net of ALLL | Market comparable properties | Minimum
Quantitative information about unobservable inputs
Marketability discount (as a percent)	10.00%	10.00%
Collateral-dependent impaired loans, net of ALLL | Market comparable properties | Maximum
Quantitative information about unobservable inputs
Marketability discount (as a percent)	15.00%	15.00%
Collateral-dependent impaired loans, net of ALLL | Market comparable properties | Weighted Average
Quantitative information about unobservable inputs
Marketability discount (as a percent)	12.00%	12.00%
Mortgage servicing rights | Discounted cash flow
Quantitative information about unobservable inputs
Fair Value	114,193	148,171
Mortgage servicing rights | Discounted cash flow | Minimum
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	8.50%	14.00%
Probability of default (as a percent)	1.00%	1.00%
Discount rate (as a percent)	7.60%	5.80%
Mortgage servicing rights | Discounted cash flow | Maximum
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	16.00%	24.00%
Probability of default (as a percent)	8.00%	8.00%
Discount rate (as a percent)	13.00%	12.90%
Mortgage servicing rights | Discounted cash flow | Weighted Average
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	11.20%	19.20%
Probability of default (as a percent)	2.10%	5.80%
Discount rate (as a percent)	10.40%	8.40%

Disclosures_About_Fair_Value_o6

Disclosures About Fair Value of Assets and Liabilities (Details 5) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financial assets
Accrued interest receivable	$302,777	$312,615
Mortgage servicing rights	114,193	148,171	230,655
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and cash equivalents	13,444,597	10,322,076
FHLB Stock
Loans held for sale
Loans , net of allowance for loan losses
Accrued interest receivable
Mortgage servicing rights
Financial liabilities
Deposits	11,730,674	12,188,447
FHLB advances
Accrued interest payable
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and cash equivalents
FHLB Stock	1,078,900	1,408,200
Loans held for sale	48,300
Loans , net of allowance for loan losses
Accrued interest receivable	302,777	312,615
Mortgage servicing rights
Financial liabilities
Deposits	86,842,438	96,800,644
FHLB advances	10,098,000
Accrued interest payable	6,256	1,032
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and cash equivalents
FHLB Stock
Loans held for sale
Loans , net of allowance for loan losses	89,756,000	86,442,000
Accrued interest receivable
Mortgage servicing rights	526,647	543,975
Financial liabilities
Deposits
FHLB advances
Accrued interest payable
Carrying Amount
Financial assets
Cash and cash equivalents	13,444,597	10,322,076
FHLB Stock	1,078,900	1,408,200
Loans held for sale	48,300
Loans , net of allowance for loan losses	89,479,525	86,092,038
Accrued interest receivable	302,777	312,615
Mortgage servicing rights	317,912	364,999
Financial liabilities
Deposits	98,493,112	108,071,026
FHLB advances	10,000,000
Accrued interest payable	$6,256	$1,032

Commitments_and_Credit_Risk_De

Commitments and Credit Risk (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Commitments to extend credit
Commitments and credit risk
Commitments to extend-variable rate	$14,687,657	$12,257,541
Commitments to extend-fixed rate	5,402,290	780,604
Standby letters of credit
Commitments and credit risk
Credit commitments	$10,000	$23,000

Loss_Per_Share_Details

Loss Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Net Loss	($816,273)	($1,614,379)
Shares outstanding for basic EPS:
Average shares outstanding	640,450
Less: Average unearned ESOP shares	50,245
Average shares outstanding, Total	590,205
Additional dilutive shares
Shares outstanding for basic and diluted EPS	590,205
Basic and diluted loss per share (in dollars per share)	($1.38)

Condensed_Financial_Informatio2

Condensed Financial Information (Parent Company Only) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash and due from banks	$763,968	$683,930
Total assets	122,344,122	121,126,452
Liabilities
Total liabilities	109,040,662	111,837,521
Temporary Equity
Stockholders' Equity	13,281,267	9,288,931	11,275,355
Total liability and stockholders' equity	122,344,122	121,126,452
Parent Company
Assets
Cash and due from banks	1,059,374
Investment in bank	12,247,581
Total assets	13,306,955
Liabilities
Other	3,495
Total liabilities	3,495
Temporary Equity
ESOP shares subject to mandatory redemption	22,193
Stockholders' Equity	13,281,267
Total liability and stockholders' equity	$13,306,955

Condensed_Financial_Informatio3

Condensed Financial Information (Parent Company Only) (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Expense
Net Loss	($816,273)	($1,614,379)
Comprehensive Loss	-697,777	-1,986,424
Parent Company
Income
Other income	-9,349
Expense
Other expenses	-165,776
Loss Before Income Tax and Equity in Undistributed Income of Subsidiary	-156,427
Income Tax Benefit
Loss Before Equity in Undistributed Income of Subsidiary	-156,427
Equity in Undistributed Loss of Subsidiary	659,846
Net Loss	-816,273
Comprehensive Loss	($697,777)

Condensed_Financial_Informatio4

Condensed Financial Information (Parent Company Only) (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income (loss)	($816,273)	($1,614,379)
Items not requiring (providing) cash
Net cash used in operating activities	-267,331	-168,202
Financing Activities
Net Change in Cash and Due From Banks	3,122,521	1,299,280
Cash and Cash Equivalents, Beginning of Period	10,322,076	9,022,796
Cash and Cash Equivalents, End of Period	13,444,597	10,322,076
Parent Company
Operating Activities
Net income (loss)	-816,273
Items not requiring (providing) cash
Equity in Undistributed Loss of Subsidiary	-659,846
Compensation expense on allocated ESOP shares	22,193
Change in other liabilities	3,495
Net cash used in operating activities	-130,739
Investing Activities
Investment in Bank	-3,500,000
Financing Activities
Net proceeds from stock conversion	4,690,113
Net Change in Cash and Due From Banks	1,059,374
Cash and Cash Equivalents, Beginning of Period
Cash and Cash Equivalents, End of Period	$1,059,374

Plan_of_Conversion_and_Change_1

Plan of Conversion and Change in Corporate Form (Detail Textuals) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 16, 2014	Jan. 16, 2014
Plan of conversion and change in corporate form
Gross offering proceeds	$4,690,113
Conversion costs		753,964
Stock conversion proceeds held in escrow		3,076,038
Subsequent Event
Plan of conversion and change in corporate form
Shares issued to new company			667,898
Issue price of common stock (in dollars per share)				$10
Gross offering proceeds			6,678,980
Percentage of common stock sold in the offering subscribed by employee stock ownership plan			8.00%
Value of common stock sold in the offering subscribed by employee stock ownership plan			534,310
Conversion costs			$1,455,000