Edgewater Bancorp (EGDW) 10-Q 13 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information
Entity Registrant Name	Edgewater Bancorp, Inc.
Entity Central Index Key	1584770
Trading Symbol	egdw
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		667,898
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$568,843	$763,968
Interest-bearing demand deposits in banks	8,534,219	12,680,629
Cash and cash equivalents	9,103,062	13,444,597
Available-for-sale securities	12,449,383	12,718,065
Loans held for sale	862,787	48,300
Loans receivable, net of allowance for losses of $1,071,087 and $1,075,351, respectively	94,958,668	89,479,525
Premises and equipment, net	3,826,357	3,912,291
Federal Home Loan Bank (FHLB) stock	1,078,900	1,078,900
Other real estate, net	457,000	467,000
Interest receivable	291,588	302,777
Mortgage servicing rights	423,182	432,105
Other assets	531,272	460,562
Total assets	123,982,199	122,344,122
Deposits
Noninterest bearing	11,577,460	11,730,674
Interest-bearing	87,279,979	86,762,438
Total deposits	98,857,439	98,493,112
Federal Home Loan Bank advances	11,000,000	10,000,000
Accrued and other liabilities	732,256	547,550
Total liabilities	110,589,695	109,040,662
Commitments and contingencies
Temporary Equity
ESOP shares subject to mandatory redemption	27,637	22,193
Stockholders' Equity
Common Stock-shares authorized 7,000,000: shares issued and outstanding 667,898 at $.01 par value	6,679	6,679
Paid-in-capital	4,683,434	4,683,434
Retained earnings	8,638,189	8,607,914
Accumulated other comprehensive income (loss)	36,565	-16,760
Total equity	13,364,867	13,281,267
Total liabilities and shareholders' equity	$123,982,199	$122,344,122

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Loans, allowance for losses (in dollars)	$1,071,087	$1,075,351
Common stock, shares authorized	7,000,000	7,000,000
Common stock, shares issued	667,898	667,898
Common stock, shares outstanding	667,898	667,898
Common stock, par value (in dollars per share)	$0.01	$0.01

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Income
Loans, including fees	$1,111,278	$965,899
Debt securities
Taxable	30,412	42,223
Tax-exempt	12,172	12,180
Federal Home Loan Bank stock	13,620	19,522
Other	6,206	4,035
Total interest income	1,173,688	1,043,859
Interest Expense
Deposits	98,513	111,934
Federal Home Loan Bank advances	27,135	20,994
Total interest expense	125,648	132,928
Net interest income	1,048,040	910,931
Provision for loan losses
Net Interest Income After Provision for Loan Losses	1,048,040	910,931
Noninterest income
Service charges, deposits	92,892	89,344
Mortgage banking activities	101,297	43,176
Other	35,133	55,112
Total noninterest income	229,322	187,632
Noninterest expense
Salaries and employee benefits	639,162	640,590
Occupancy and equipment	200,282	229,189
Data processing	131,633	139,590
Loss on sale of other real estate, net	4,000	7,044
Interchange	21,503	15,594
Advertising	13,105	24,537
FDIC insurance premiums	37,084	41,400
Other real estate	5,529	8,852
Professional fees	118,545	133,174
Insurance	14,957	23,548
Other	61,287	81,471
Total noninterest expense	1,247,087	1,344,989
Net Income (Loss) Before Income Taxes	30,275	-246,426
Provision for Income Taxes
Net Income (Loss)	$30,275	($246,426)
Basic and Diluted Earnings (Loss) Per Share (in dollars per share)	$0.05	($0.48)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements of Comprehensive Loss
Net Income (Loss)	$30,275	($246,426)
Other Comprehensive Income
Net change in unrealized gains on investment securities available-for-sale	53,325	56,407
Less: reclassification adjustment for realized gains (losses) included in net loss
Other comprehensive income before income tax	53,325	56,407
Tax expense (benefit), net of deferred tax asset valuation impact of $18,131 and $19,178, respectively
Comprehensive Income (Loss)	$83,600	($190,019)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statements of Comprehensive Loss
Tax benefit, deferred tax asset valuation impact	$18,131	$19,178

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss)	Total
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
Increase (Decrease) in Equity
Net income			30,275		30,275
Other comprehensive income				53,325	53,325
Balance at Mar. 31, 2015	$6,679	$4,683,434	$8,638,189	$36,565	$13,364,867
Balance (in shares) at Mar. 31, 2015	667,898				667,898

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating activities:
Net income (loss)	$30,275	($246,426)
Items not requiring cash:
Depreciation	108,736	119,667
Provision for loan losses
Amortization of premiums on securities	25,610	32,807
Change in fair value of mortgage servicing rights	5,439	9,883
Loss on sale of other real estate	4,000	7,044
ESOP shares earned	5,444	5,530
Amortization of mortgage servicing rights	28,572	25,842
Loans originated for sale	-3,333,065	-1,509,087
Proceeds from loan sold	2,556,278	1,150,396
Gain on sale of loans	-62,788	-20,034
Loss on sale of premises and equipment		1,215
Net change in:
Interest receivable and other assets	-59,522	1,633
Interest payable and other liabilities	184,706	19,481
Net cash used in operating activities	-506,315	-402,049
Investing activities:
Proceeds from calls and maturities of available-for-sale securities	296,397	363,411
Net change in loans	-5,479,143	-649,379
Proceeds from sale of other real estate	6,000	362,792
Payment for sale of branch, net		-13,112,513
Proceeds from sale of premises and equipment		6,538
Purchases of premises and equipment	-22,802	-25,772
Net cash used in investing activities	-5,199,548	-13,054,923
Financing activities:
Proceeds from stock conversion		2,371,945
Net change in deposits	364,328	-1,199,170
Proceeds from Federal Home Loan Bank advances	2,000,000	10,000,000
Repayment of Federal Home Loan Bank advances	-1,000,000
Net cash provided by financing activities	1,364,328	11,172,775
Net Decrease in Cash and Cash Equivalents	-4,341,535	-2,284,197
Cash and Cash Equivalents, Beginning of Period	13,444,597	10,322,076
Cash and Cash Equivalents, End of Period	9,103,062	8,037,879
Additional Cash Flows Information:
Interest paid	105,627	103,627
Loans transferred to other real estate		207,000
Capitalization of mortgage serving rights	$25,088	$9,498

Nature_of_Operations_and_Conve

Nature of Operations and Conversion	3 Months Ended
	Mar. 31, 2015
Nature Of Operations And Conversion [Abstract]
Nature of Operation and Conversion	Note 1: Nature of Operation and Conversion
	Edgewater Bank, a federally chartered thrift institution (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.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 2: Basis of Presentation
	The accompanying condensed consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Rule 10-01 of Regulation S-X and, therefore, certain information or footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (GAAP) for interim financial information have been condensed or omitted pursuant to such rules and regulations. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Estimates used in the preparation of the financial statements are based on various factors including the current interest rate environment and the general strength of the local economy.  Changes in the overall interest rate environment can significantly affect the Company’s net interest income and the value of its recorded assets and liabilities.  Actual results could differ from those estimates used in the preparation of the financial statements. However, in the opinion of management, all adjustments (consisting of only normal recurring accruals) which are necessary for a fair presentation of the financial statements have been included. The results of operations for the three-month period ended March 31, 2015, are not necessarily indicative of the results which may be expected for the entire year. Accordingly, these financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto of the Company as of December 31, 2014 included in Edgewater Bancorp, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2014.

Principles_of_Consolidation

Principles of Consolidation	3 Months Ended
	Mar. 31, 2015
Principles Of Consolidation [Abstract]
Principles of Consolidation	Note 3: Principles of Consolidation
	The consolidated financial statements include the accounts of the Edgewater Bancorp, Inc. and its wholly owned subsidiary, Edgewater Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

Securities

Securities	3 Months Ended
	Mar. 31, 2015
Securities
Securities	Note 4: Securities
	The amortized cost and approximate fair values of investment securities are as follows:
		31-Mar-15
				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	4,990,337	$	7,847	$	29,130	$	4,969,054
	State and political subdivisions		3,353,773		22,948		4,425		3,372,296
	Mortgage-backed -Government-Sponsored Enterprise (GSE)-residential		3,141,163		33,238		5,296		3,169,105
	Collateralized mortgage obligations-GSE		927,545		11,383		-		938,928
	Total available-for-sale securities	$	12,412,818	$	75,416	$	38,851	$	12,449,383
		31-Dec-14
				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
		Cost		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
	The amortized cost and fair value of investment securities at March 31, 2015 and 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.
		31-Mar-15				31-Dec-14
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value
		(Unaudited)
	Within one year	$	1,295,600	$	1,298,798	$	795,000	$	795,723
	After one through five years		7,048,510		7,042,552		7,562,445		7,505,192
			8,344,110		8,341,350		8,357,445		8,300,915
	Mortgage-backed -GSE residential		3,141,163		3,169,105		3,357,163		3,384,002
	Collateralized mortgage obligations-GSE		927,545		938,928		1,020,217		1,033,148
		$	12,412,818	$	12,449,383	$	12,734,825	$	12,718,065
	The carrying value of investment securities pledged as collateral, to secure public deposits and for other purposes was $318,284 at March 31, 2015 (unaudited) and $345,931 at December 31, 2014.
	For the three month period ended March 31, 2015 and March 31, 2014, there were no sales of securities available-for-sale.
	Certain investments in debt securities have fair values at an amount less than their historical cost. Total fair value of these investments at March 31, 2015 (unaudited) and December 31, 2014 was $5,230,559 and $6,066,781, which is approximately 42% and 48%, respectively, of the Company’s investment portfolio. These declines primarily resulted from changes in market interest rates since the securities were purchased.
	Management believes the declines in fair value for these investment securities are temporary.
	Should the impairment of any of these investment securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified.
	Investment securities with unrealized losses were as follows:
		31-Mar-15
		Less than 12 Months				12 Months or Longer				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	-	$	-	$	3,525,417	$	29,130	$	3,525,417	$	29,130
	State and political subdivisions		-		-		495,575		4,425		495,575		4,425
	Mortgage-backed -GSE residential		1,209,567		5,296		-		-		1,209,567		5,296
		$	1,209,567	$	5,296	$	4,020,992	$	33,555	$	5,230,559	$	38,851
		31-Dec-14
		Less than 12 Months				12 Months or Longer				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	Available-for-sale securities:
	U.S. Government and federal agency	$	-	$	-	$	3,492,139	$	66,017	$	3,492,139	$	66,017
	State and political subdivisions		804,572		2,604		488,425		11,575		1,292,997		14,179
	Mortgage-backed -GSE 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
	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 March 31, 2015, and December 31, 2014.

Loans_and_Allowance

Loans and Allowance	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Loans and Allowance for Loan Losses	Note 5: Loans and Allowance
	The Company’s loan and allowance policies are as follows:
	Loans Receivable
	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. There were no changes in the Company’s nonaccrual policy during the three month-end periods ended March 31, 2015 (unaudited) and March 31, 2014 (unaudited).
	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 accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. 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.
	Categories of loans receivable include:
		March 31,			December 31,
		2015			2014
		(Unaudited)
	Real estate loans:
	Residential 1-4 family	$	44,757,556		$	45,353,599
	Commercial		28,883,604			27,908,662
	Construction and land		1,907,144			1,523,281
	Total real estate		75,548,304			74,785,542
	Commercial and industrial		5,434,358			5,536,805
	Warehouse Line		5,000,004			-
	Consumer loans:
	Home equity loans and lines of credit		9,133,414			9,331,608
	Other consumer loans		898,860			883,864
	Total consumer		10,032,274			10,215,472
	Gross loans		96,014,940			90,537,819
	Less
	Net deferred loan fees		(14,815	)		(17,057	)
	Allowance for loan losses		1,071,087			1,075,351
	Net loans	$	94,958,668		$	89,479,525
	The risk characteristics of each loan portfolio segment are 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.
	Warehouse Line: The residential mortgage warehouse line is a wholesale mortgage line participation. The lending is done with a specific mortgage company that is a customer with the participating bank. The participating bank underwrites each individual mortgage and the related mortgagee. Financing is provided to an approved mortgage company for the origination and sale of residential mortgage loans. A portion of each individual mortgage is assigned to the Edgewater Bank until the loans is sold on the secondary market. These loans are typically sold within 30 days and are seldom held more than 90 days. Interest income is accrued during this period and collected at the time each loan is sold. Edgewater Bank has established several controls to minimize potential risks including reviewing documents provided on the approved mortgage warehouse participants. Also, certain loan documents are received and reviewed on each loan in which Edgewater Bank is asked to participate in that allows Edgewater Bank to accept or reject the individual loan participation.
	The following presents by portfolio segment, the activity in the allowance for loan losses:
		Residential			Commercial			Commercial			Warehouse
		1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
		(Unaudited)
	Three Months Ended March 31, 2015:
	Balance, beginning of period	$	222,618		$	503,621		$	248,388		$	-	$	100,724		$	1,075,351
	Provision (credit) for loan losses		(15,535	)		20,742			(21,672	)		28,812		(12,347	)		-
	Loans charged to the allowance		-			(5,364	)		-			-		-			(5,364	)
	Recoveries of loans previously charged off		-			1,100			-			-		-			1,100
	Balance, end of period	$	207,083		$	520,099		$	226,716		$	28,812	$	88,377		$	1,071,087
	Three Months Ended March 31, 2014:
	Balance, beginning of period	$	188,325		$	587,331		$	138,268		$	-	$	147,217		$	1,061,141
	Provision (credit) for loan losses		52,322			(97,156	)		19,242			-		25,592			-
	Loans charged to the allowance		(20,984	)		-			-			-		-			(20,984	)
	Recoveries of loans previously charged off		2,300			88,754			-			-		400			91,454
	Balance, end of period	$	221,963		$	578,929		$	157,510		$	-	$	173,209		$	1,131,611
	The following presents the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2015 and December 31, 2014:
		Residential			Commercial			Commercial			Warehouse
		1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
		(Unaudited)
	At March 31, 2015:
	Allowance:
	Balance, end of period	$	207,083		$	520,099		$	226,716		$	28,812	$	88,377		$	1,071,087
	Ending balance: individually evaluated for impairment	$	13,634		$	3,992		$	-		$	-	$	621		$	18,247
Ending balance: collectively evaluated for impairment	$	193,449		$	516,107		$	226,716		$	28,812	$	87,756		$	1,052,840
Loans:
Ending balance	$	44,757,556		$	30,790,748		$	5,434,358		$	5,000,004	$	10,032,274		$	96,014,940
Ending balance individually evaluated for impairment	$	2,008,593		$	601,462		$	-		$	-	$	160,049		$	2,770,104
Ending balance collectively evaluated for impairment	$	42,748,963		$	30,189,286		$	5,434,358		$	5,000,004	$	9,872,225		$	93,244,836
	Residential			Commercial			Commercial			Warehouse
	1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
At December 31, 2014:
Allowance:
Balance, end of period	$	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
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, and 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 tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2015:
	Residential			Commercial			Construction			Commercial		Warehouse						Other
	1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Consumer		Total
	(Unaudited)
Pass (1-4)	$	44,157,048		$	27,349,151		$	1,737,378		$	5,434,358	$	5,000,004		$	9,110,628		$	898,860	$	93,687,427
Special Mention (5)		-			304,255			-			-		-			-			-		304,255
Substandard (6)		600,508			1,230,198			169,766			-		-			22,786			-		2,023,258
Doubtful (7)		-			-			-			-		-			-			-		-
Loss (8)		-			-			-			-		-			-			-		-
Total	$	44,757,556		$	28,883,604		$	1,907,144		$	5,434,358	$	5,000,004		$	9,133,414		$	898,860	$	96,014,940
The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2014:
	Residential			Commercial			Construction			Commercial		Warehouse						Other
	1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Consumer		Total
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
The following tables present the Company’s loan portfolio aging analysis as of March 31, 2015:
																		Total Loans >
	30-59 Days			60-89 Days			Greater Than			Total					Total			90 Days &
	Past Due			Past Due			90 Days			Past Due		Current			Loans			Accruimg
	(Unaudited)
Residential 1-4 family	$	662,478		$	638,968		$	600,508		$	1,901,954	$	42,855,602		$	44,757,556		$	-
Commercial real estate		-			-			-			-		28,883,604			28,883,604			-
Construction and land		272,804			-			13,861			286,665		1,620,479			1,907,144			-
Commercial and industrial		-			-			-			-		5,434,358			5,434,358			-
Warehouse Line		-			-			-			-		5,000,004			5,000,004			-
Home equity		180,200			-			22,786			202,986		8,930,428			9,133,414			-
Other consumer		-			-			-			-		898,860			898,860			-
	$	1,115,482		$	638,968		$	637,155		$	2,391,605	$	93,623,335		$	96,014,940		$	-
The following tables present the Company’s loan portfolio aging analysis as of December 31, 2014:
																		Total Loans >
	30-59 Days			60-89 Days			Greater Than			Total					Total			90 Days &
	Past Due			Past Due			90 Days			Past Due		Current			Loans			Accruimg
Residential 1-4 family	$	1,147,797		$	557,817		$	734,903		$	2,440,517	$	42,913,082		$	45,353,599		$	-
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			-
Warehouse Line		-			-			-			-		-			-			-
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		$	-
The following table presents the Company’s nonaccrual loans at March 31, 2015 and December 31, 2014. This table excludes performing troubled debt restructurings.
	31-Mar			December 31,
	2015			2014
	(Unaudited)
Residential 1-4 family	$	1,433,363		$	1,397,529
Commercial real estate		11,097			729,032
Construction and land		204,267			49,789
Commercial and industrial		-			-
Warehouse Line		-			-
Home equity		80,710			76,937
Other consumer		-			-
	$	1,729,437		$	2,253,287
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 Company 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 at March 31, 2015:
	Residential			Commercial			Construction			Commercial		Warehouse
	1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
	(Unaudited)
Impaired loans without a specific allowance:
Recorded investment	$	912,494		$	282,264		$	103,834		$	-	$	-		$	79,339		$	1,377,931
Unpaid principal balance		987,444			282,264			103,834			-		-			79,339			1,452,881
Impaired loans with a specific allowance:
Recorded investment		1,096,099			11,097			204,267			-		-			80,710			1,392,173
Unpaid principal balance		1,127,159			12,180			227,375			-		-			84,407			1,451,121
Specific allowance		13,634			43			3,949			-		-			621			18,247
Total impaired loans:
Recorded investment		2,008,593			293,361			308,101			-		-			160,049			2,770,104
Unpaid principal balance		2,114,603			294,444			331,209			-		-			163,746			2,904,002
Specific allowance		13,634			43			3,949			-		-			621			18,247
The following table presents average impaired loans based on class level for the three months ended March 31, 2015 and 2014:
	Residential			Commercial			Construction			Commercial		Warehouse
	1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
	(Unaudited)
Average recorded investment in impaired loans for the three months ended March 31, 2015	$	1,786,178		$	295,734		$	330,402		$	-	$	-		$	153,885		$	2,566,199
Average recorded investment in impaired loans for the three months ended March 31, 2014		3,026,450			1,581,800			168,577			-		-			259,538		$	5,036,365
The following table presents impaired loans and specific valuation allowance based on class level at December 31, 2014:
	Residential			Commercial			Construction			Commercial		Warehouse
	1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
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
Interest income of $10,696, $28,601 and $61,499 was recognized on impaired loans for the three months ended March 31, 2015 (unaudited) and March 31, 2014 (unaudited) and for year-end December 31, 2014, respectively.
At March 31, 2015, the Company had several 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 three months ended March 31, 2015 and 2014.
Newly classified troubled debt restructurings:
	Three Months Ended March 31, 2015									Three Months Ended March 31, 2014
				Pre-			Post					Pre-			Post
				Modification			Modification					Modification			Modification
	Number			Recorded			Recorded			Number		Recorded			Recorded
	of Loans			Balance			Balance			of Loans		Balance			Balance
	(Unaudited)
Residential 1-4 family		-		$	-		$	-			1	$	61,000		$	61,000
Commercial real estate		-			-			-			-		-			-
Construction and land		-			-			-			-		-			-
Commercial and industrial		-			-			-			-		-			-
Warehouse Line		-			-			-			-		-			-
Home equity		-			-			-			-		-			-
Other consumer		-			-			-			-		-			-
		-		$	-		$	-			1	$	61,000		$	61,000
The troubled debt restructurings described above increased the allowance for loan losses by $0 and $178 for the three months ended March 31, 2015 and 2014, respectively and resulted in charge offs of $0 and $19,937 for the three months ended March 31, 2015 and 2014, respectively.
Newly restructured loans by type of modification:
	Interest									Total
	Only			Term			Combination			Modification
	(Unaudited)
Three Months Ended March 31, 2015:
Residential 1-4 family	$	-		$	-		$	-		$	-
Commercial real estate		-			-			-			-
Construction and land		-			-			-			-
Commercial and industrial		-			-			-			-
Warehouse Line		-			-			-			-
Home equity		-			-			-			-
Other consumer		-			-			-			-
	$	-		$	-		$	-		$	-
	Interest									Total
	Only			Term			Combination			Modification
	(Unaudited)
Three Months Ended March 31, 2014:
Residential 1-4 family	$	-		$	61,000		$	-		$	61,000
Commercial real estate		-			-			-			-
Construction and land		-			-			-			-
Commercial and industrial		-			-			-			-
Warehouse Line		-			-			-			-
Home equity		-			-			-			-
Other consumer		-			-			-			-
	$	-		$	61,000		$	-		$	61,000
There were no troubled debt restructured loans modified in the past 12 months that subsequently defaulted.
At March 31, 2015, the Company held no residential real estate as foreclosed property. Also, at March 31, 2015, there were no consumer mortgage loans in the process of foreclosure according to local requirements of the applicable jurisdictions.

Disclosures_About_Fair_Value_o

Disclosures About Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2015
Disclosures About Fair Value of Assets and Liabilities
Disclosures About Fair Value of Assets and Liabilities	Note 6: 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 March 31, 2015 (unaudited) and for the year end December 31, 2014:
		31-Mar-15
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	4,969,054		$	-		$	4,969,054	$	-
	State and political subdivisions		3,372,296			-			3,372,296		-
	Mortgage-backed -GSE residential		3,169,105			-			3,169,105		-
	Collateralized mortgage obligations-GSE		938,928			-			938,928		-
	Mortgage servicing rights		108,754			-			-		108,754
		31-Dec-14
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
	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
	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 three months ended March 31, 2015 (unaudited) and the year ended December 31, 2014. 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 agency, state and political subdivisions, mortgage-backed securities, and collateralized mortgage debt 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:
		Three Months Ended
		2015			2014
		(Unaudited)
	Balance, beginning of period	$	114,193		$	148,171
	Total changes in fair value  included in earnings		(5,439	)		(9,883	)
	Balance, end of period	$	108,754		$	138,288
	Nonrecurring Measurements
	The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2015 (unaudited) and December 31, 2014:
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
	March 31, 2015 (Unaudited)
	Collateral-dependent impaired loans,	$	1,373,926		$	-		$	-	$	1,373,926
	Net of ALLL
	31-Dec-14
	Other real estate owned	$	190,000		$	-		$	-	$	190,000
	Collateral-dependent impaired loans,		1,441,487			-			-		1,441,487
	Net of ALLL
	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 table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements:
				Valuation			Weighted
	Fair Value			Technique		Unobservable Inputs	Average
At March 31, 2015 (Unaudited):
Collateral-dependent impaired loans	$	1,373,926		Market comparable properties		Marketability discount	0% - 2.54% (1.31%)
Mortgage servicing rights		108,754		Discounted		Constant
				cash flow		prepayment rate	10% - 18% (16.7%)
						Probability
						of default	1% - 8% (1.9%)
						Discount rate	7.6% - 12% (9.6%)
At December 31, 2014:
Other real estate owned	$	190,000		Market comparable		Comparability
				properties		adjustment (%)	Not available
Collateral-dependent impaired loans		1,441,487		Market comparable properties		Marketability discount	10% - 15% (12%)
Mortgage servicing rights		114,193		Discounted		Constant
				cash flow		prepayment rate	8.5% - 16% (11.2%)
						Probability
						of default	1% - 8% (2.1%)
						Discount rate	7.6% - 13.0% (10.4%)
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 March 31, 2015 and December 31, 2014.
	Fair Value Measurements Using
				Quoted Prices in			Significant
				Active Markets			Other		Significant
				for Identical			Observable		Unobservable
	Carrying			Assets			Inputs		Inputs
	Amount			(Level 1)			(Level 2)		(Level 3)
	(Unaudited)
At March 31, 2015:
Financial assets:
Cash and cash equivalents	$	9,103,062		$	9,103,062		$	-	$	-
FHLB Stock		1,078,900			-			1,078,900		-
Loans held for sale		862,787			-			862,787
Loans, net of allowance for loan losses		94,958,668			-			-		96,204,000
Accrued interest receivable		291,588			-			291,588		-
Mortgage servicing rights		314,428			-			-		525,730
Financial liabilities:
Deposits		98,857,439			11,577,460			87,501,979		-
FHLB advances		11,000,000			-			11,136,000		-
Accrued interest payable		26,277			-			26,277		-
	Fair Value Measurements Using
				Quoted Prices in			Significant
				Active Markets			Other		Significant
				for Identical			Observable		Unobservable
	Carrying			Assets			Inputs		Inputs
	Amount			(Level 1)			(Level 2)		(Level 3)
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		-
The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value.
Cash and Cash Equivalents and Federal Home Loan Bank Stock
The carrying amount approximates fair value.
Loan 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 Bank 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 Bank. The rates were the average of current rates offered by local competitors of the Bank.
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.

Accounting_Developments

Accounting Developments	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Accounting Developments	Note 7: Accounting Developments
	Financial Accounting Standards Board (“FASB”)
	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 was permitted. The adoption of this guidance did not have an 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 was permitted. The adoption of this guidance did have a significant effect on the Company’s consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-11, “Transfers and Servicing: Repurchase-to-Maturity Transactions, Repurchase Financing, and Disclosures.” The amendments in this update require entities to account for repurchase-to-maturity transactions as secured borrowings (rather than as sales with forward repurchase agreements), eliminates accounting guidance on linking repurchase financing transactions, and expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers, such as repos, securities lending transactions, and repurchase-to-maturity transactions, accounted for as secured borrowings. The amendments in ASU 2014-11 are effective for annual periods beginning after December 15, 2014. The amendments must present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Early applications is prohibited. The adoption of this guidance did not have an 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 this guidance did not have a significant effect on the Company’s consolidated financial statements.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Loss Per Share	Note 8: Earnings (Loss) Per Share
		Three Months Ended March 31,		Three Months Ended March 31,
		2015		2014
		(Unaudited)		(Unaudited)
	Net Income (Loss)	$	30,275	$	(246,426	)
	Shares outstanding for basic EPS (LPS):
	Average shares outstanding		667,898		556,582
	Less:  Average unearned ESOP shares		51,110		44,342
			616,788		512,240
	Additional dilutive shares		-		-
	Shares outstanding for basic and diluted EPS (LPS)		616,788		512,240
	Basic and diluted earnings (loss) per share	$	0.05	$	(0.48	)

Securities_Tables

Securities (Tables)	3 Months Ended
	Mar. 31, 2015
Securities
Schedule of the amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities		31-Mar-15
				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	4,990,337	$	7,847	$	29,130	$	4,969,054
	State and political subdivisions		3,353,773		22,948		4,425		3,372,296
	Mortgage-backed -Government-Sponsored Enterprise (GSE)-residential		3,141,163		33,238		5,296		3,169,105
	Collateralized mortgage obligations-GSE		927,545		11,383		-		938,928
	Total available-for-sale securities	$	12,412,818	$	75,416	$	38,851	$	12,449,383
		31-Dec-14
				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
		Cost		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
Schedule of the amortized cost and fair value of available-for-sale securities by contractual maturity		31-Mar-15				31-Dec-14
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value
		(Unaudited)
	Within one year	$	1,295,600	$	1,298,798	$	795,000	$	795,723
	After one through five years		7,048,510		7,042,552		7,562,445		7,505,192
			8,344,110		8,341,350		8,357,445		8,300,915
	Mortgage-backed -GSE residential		3,141,163		3,169,105		3,357,163		3,384,002
	Collateralized mortgage obligations-GSE		927,545		938,928		1,020,217		1,033,148
		$	12,412,818	$	12,449,383	$	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		31-Mar-15
		Less than 12 Months				12 Months or Longer				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	-	$	-	$	3,525,417	$	29,130	$	3,525,417	$	29,130
	State and political subdivisions		-		-		495,575		4,425		495,575		4,425
	Mortgage-backed -GSE residential		1,209,567		5,296		-		-		1,209,567		5,296
		$	1,209,567	$	5,296	$	4,020,992	$	33,555	$	5,230,559	$	38,851
		31-Dec-14
		Less than 12 Months				12 Months or Longer				Total
				Gross				Gross				Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	Available-for-sale securities:
	U.S. Government and federal agency	$	-	$	-	$	3,492,139	$	66,017	$	3,492,139	$	66,017
	State and political subdivisions		804,572		2,604		488,425		11,575		1,292,997		14,179
	Mortgage-backed -GSE 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

Loans_and_Allowance_Tables

Loans and Allowance (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of classes of loans		March 31,			December 31,
		2015			2014
		(Unaudited)
	Real estate loans:
	Residential 1-4 family	$	44,757,556		$	45,353,599
	Commercial		28,883,604			27,908,662
	Construction and land		1,907,144			1,523,281
	Total real estate		75,548,304			74,785,542
	Commercial and industrial		5,434,358			5,536,805
	Warehouse Line		5,000,004			-
	Consumer loans:
	Home equity loans and lines of credit		9,133,414			9,331,608
	Other consumer loans		898,860			883,864
	Total consumer		10,032,274			10,215,472
	Gross loans		96,014,940			90,537,819
	Less
	Net deferred loan fees		(14,815	)		(17,057	)
	Allowance for loan losses		1,071,087			1,075,351
	Net loans	$	94,958,668		$	89,479,525
Schedule of activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method
		Residential			Commercial			Commercial			Warehouse
		1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
		(Unaudited)
	Three Months Ended March 31, 2015:
	Balance, beginning of period	$	222,618		$	503,621		$	248,388		$	-	$	100,724		$	1,075,351
	Provision (credit) for loan losses		(15,535	)		20,742			(21,672	)		28,812		(12,347	)		-
	Loans charged to the allowance		-			(5,364	)		-			-		-			(5,364	)
	Recoveries of loans previously charged off		-			1,100			-			-		-			1,100
	Balance, end of period	$	207,083		$	520,099		$	226,716		$	28,812	$	88,377		$	1,071,087
	Three Months Ended March 31, 2014:
	Balance, beginning of period	$	188,325		$	587,331		$	138,268		$	-	$	147,217		$	1,061,141
	Provision (credit) for loan losses		52,322			(97,156	)		19,242			-		25,592			-
	Loans charged to the allowance		(20,984	)		-			-			-		-			(20,984	)
	Recoveries of loans previously charged off		2,300			88,754			-			-		400			91,454
	Balance, end of period	$	221,963		$	578,929		$	157,510		$	-	$	173,209		$	1,131,611
		Residential			Commercial			Commercial			Warehouse
		1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
		(Unaudited)
	At March 31, 2015:
	Allowance:
	Balance, end of period	$	207,083		$	520,099		$	226,716		$	28,812	$	88,377		$	1,071,087
	Ending balance: individually evaluated for impairment	$	13,634		$	3,992		$	-		$	-	$	621		$	18,247
	Ending balance: collectively evaluated for impairment	$	193,449		$	516,107		$	226,716		$	28,812	$	87,756		$	1,052,840
	Loans:
	Ending balance	$	44,757,556		$	30,790,748		$	5,434,358		$	5,000,004	$	10,032,274		$	96,014,940
	Ending balance individually evaluated for impairment	$	2,008,593		$	601,462		$	-		$	-	$	160,049		$	2,770,104
	Ending balance collectively evaluated for impairment	$	42,748,963		$	30,189,286		$	5,434,358		$	5,000,004	$	9,872,225		$	93,244,836
		Residential			Commercial			Commercial			Warehouse
		1-4 Family			Real Estate			and Industrial			Line		Consumer			Total
	At December 31, 2014:
	Allowance:
	Balance, end of period	$	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
Schedule of credit risk profile of the Bank's loan portfolio based on internal rating category and payment activity	The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2015:
		Residential			Commercial			Construction			Commercial		Warehouse						Other
		1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Consumer		Total
		(Unaudited)
	Pass (1-4)	$	44,157,048		$	27,349,151		$	1,737,378		$	5,434,358	$	5,000,004		$	9,110,628		$	898,860	$	93,687,427
	Special Mention (5)		-			304,255			-			-		-			-			-		304,255
	Substandard (6)		600,508			1,230,198			169,766			-		-			22,786			-		2,023,258
	Doubtful (7)		-			-			-			-		-			-			-		-
	Loss (8)		-			-			-			-		-			-			-		-
	Total	$	44,757,556		$	28,883,604		$	1,907,144		$	5,434,358	$	5,000,004		$	9,133,414		$	898,860	$	96,014,940
	The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2014:
		Residential			Commercial			Construction			Commercial		Warehouse						Other
		1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Consumer		Total
	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
Schedule of the Bank's loan portfolio aging analysis of the recorded investment in loans	The following tables present the Company’s loan portfolio aging analysis as of March 31, 2015:
																			Total Loans >
		30-59 Days			60-89 Days			Greater Than			Total					Total			90 Days &
		Past Due			Past Due			90 Days			Past Due		Current			Loans			Accruimg
		(Unaudited)
	Residential 1-4 family	$	662,478		$	638,968		$	600,508		$	1,901,954	$	42,855,602		$	44,757,556		$	-
	Commercial real estate		-			-			-			-		28,883,604			28,883,604			-
	Construction and land		272,804			-			13,861			286,665		1,620,479			1,907,144			-
	Commercial and industrial		-			-			-			-		5,434,358			5,434,358			-
	Warehouse Line		-			-			-			-		5,000,004			5,000,004			-
	Home equity		180,200			-			22,786			202,986		8,930,428			9,133,414			-
	Other consumer		-			-			-			-		898,860			898,860			-
		$	1,115,482		$	638,968		$	637,155		$	2,391,605	$	93,623,335		$	96,014,940		$	-
	The following tables present the Company’s loan portfolio aging analysis as of December 31, 2014:
																			Total Loans >
		30-59 Days			60-89 Days			Greater Than			Total					Total			90 Days &
		Past Due			Past Due			90 Days			Past Due		Current			Loans			Accruimg
	Residential 1-4 family	$	1,147,797		$	557,817		$	734,903		$	2,440,517	$	42,913,082		$	45,353,599		$	-
	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			-
	Warehouse Line		-			-			-			-		-			-			-
	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		$	-
Schedule of the Bank's nonaccrual loans		31-Mar			December 31,
		2015			2014
		(Unaudited)
	Residential 1-4 family	$	1,433,363		$	1,397,529
	Commercial real estate		11,097			729,032
	Construction and land		204,267			49,789
	Commercial and industrial		-			-
	Warehouse Line		-			-
	Home equity		80,710			76,937
	Other consumer		-			-
		$	1,729,437		$	2,253,287
Schedule of impaired loans and specific valuation allowance based on class level	The following table presents impaired loans and specific valuation allowance based on class level at March 31, 2015:
		Residential			Commercial			Construction			Commercial		Warehouse
		1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
		(Unaudited)
	Impaired loans without a specific allowance:
	Recorded investment	$	912,494		$	282,264		$	103,834		$	-	$	-		$	79,339		$	1,377,931
	Unpaid principal balance		987,444			282,264			103,834			-		-			79,339			1,452,881
	Impaired loans with a specific allowance:
	Recorded investment		1,096,099			11,097			204,267			-		-			80,710			1,392,173
	Unpaid principal balance		1,127,159			12,180			227,375			-		-			84,407			1,451,121
	Specific allowance		13,634			43			3,949			-		-			621			18,247
	Total impaired loans:
	Recorded investment		2,008,593			293,361			308,101			-		-			160,049			2,770,104
	Unpaid principal balance		2,114,603			294,444			331,209			-		-			163,746			2,904,002
	Specific allowance		13,634			43			3,949			-		-			621			18,247
	The following table presents impaired loans and specific valuation allowance based on class level at December 31, 2014:
		Residential			Commercial			Construction			Commercial		Warehouse
		1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
	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
Schedule of average recorded investment and interest income recognized on impaired loans by portfolio class		Residential			Commercial			Construction			Commercial		Warehouse
		1-4 Family			Real Estate			and Land			and Industrial		Line			Home Equity			Total
		(Unaudited)
	Average recorded investment in impaired loans for the three months ended March 31, 2015	$	1,786,178		$	295,734		$	330,402		$	-	$	-		$	153,885		$	2,566,199
	Average recorded investment in impaired loans for the three months ended March 31, 2014		3,026,450			1,581,800			168,577			-		-			259,538		$	5,036,365
Schedule of newly classified troubled debt restructurings		Three Months Ended March 31, 2015									Three Months Ended March 31, 2014
					Pre-			Post					Pre-			Post
					Modification			Modification					Modification			Modification
		Number			Recorded			Recorded			Number		Recorded			Recorded
		of Loans			Balance			Balance			of Loans		Balance			Balance
		(Unaudited)
	Residential 1-4 family		-		$	-		$	-			1	$	61,000		$	61,000
	Commercial real estate		-			-			-			-		-			-
	Construction and land		-			-			-			-		-			-
	Commercial and industrial		-			-			-			-		-			-
	Warehouse Line		-			-			-			-		-			-
	Home equity		-			-			-			-		-			-
	Other consumer		-			-			-			-		-			-
			-		$	-		$	-			1	$	61,000		$	61,000
Schedule of newly restructured loans by type of modification		Interest									Total
		Only			Term			Combination			Modification
		(Unaudited)
	Three Months Ended March 31, 2015:
	Residential 1-4 family	$	-		$	-		$	-		$	-
	Commercial real estate		-			-			-			-
	Construction and land		-			-			-			-
	Commercial and industrial		-			-			-			-
	Warehouse Line		-			-			-			-
	Home equity		-			-			-			-
	Other consumer		-			-			-			-
		$	-		$	-		$	-		$	-
		Interest									Total
		Only			Term			Combination			Modification
		(Unaudited)
	Three Months Ended March 31, 2014:
	Residential 1-4 family	$	-		$	61,000		$	-		$	61,000
	Commercial real estate		-			-			-			-
	Construction and land		-			-			-			-
	Commercial and industrial		-			-			-			-
	Warehouse Line		-			-			-			-
	Home equity		-			-			-			-
	Other consumer		-			-			-			-
		$	-		$	61,000		$	-		$	61,000

Disclosures_About_Fair_Value_o1

Disclosures About Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosures About Fair Value of Assets and Liabilities
Schedule of fair value measurements of assets measured at fair value on a recurring basis		31-Mar-15
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
		(Unaudited)
	Available-for-sale securities:
	U.S. Government and federal agency	$	4,969,054		$	-		$	4,969,054	$	-
	State and political subdivisions		3,372,296			-			3,372,296		-
	Mortgage-backed -GSE residential		3,169,105			-			3,169,105		-
	Collateralized mortgage obligations-GSE		938,928			-			938,928		-
	Mortgage servicing rights		108,754			-			-		108,754
		31-Dec-14
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
	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
Schedule of reconciliation of the beginning and ending balances of recurring fair value measurements recognized using significant unobservable (Level 3) inputs		Three Months Ended
		2015			2014
		(Unaudited)
	Balance, beginning of period	$	114,193		$	148,171
	Total changes in fair value  included in earnings		(5,439	)		(9,883	)
	Balance, end of period	$	108,754		$	138,288
Schedule of fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Fair			Assets			Inputs		Inputs
	Assets	Value			(Level 1)			(Level 2)		(Level 3)
	March 31, 2015 (Unaudited)
	Collateral-dependent impaired loans,	$	1,373,926		$	-		$	-	$	1,373,926
	Net of ALLL
	31-Dec-14
	Other real estate owned	$	190,000		$	-		$	-	$	190,000
	Collateral-dependent impaired loans,		1,441,487			-			-		1,441,487
	Net of ALLL
Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill					Valuation			Weighted
		Fair Value			Technique		Unobservable Inputs	Average
	At March 31, 2015 (Unaudited):
	Collateral-dependent impaired loans	$	1,373,926		Market comparable properties		Marketability discount	0% - 2.54% (1.31%)
	Mortgage servicing rights		108,754		Discounted		Constant
					cash flow		prepayment rate	10% - 18% (16.7%)
							Probability
							of default	1% - 8% (1.9%)
							Discount rate	7.6% - 12% (9.6%)
	At December 31, 2014:
	Other real estate owned	$	190,000		Market comparable		Comparability
					properties		adjustment (%)	Not available
	Collateral-dependent impaired loans		1,441,487		Market comparable properties		Marketability discount	10% - 15% (12%)
	Mortgage servicing rights		114,193		Discounted		Constant
					cash flow		prepayment rate	8.5% - 16% (11.2%)
							Probability
							of default	1% - 8% (2.1%)
							Discount rate	7.6% - 13.0% (10.4%)
Schedule of estimated fair values of the Company's financial instruments		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Carrying			Assets			Inputs		Inputs
		Amount			(Level 1)			(Level 2)		(Level 3)
		(Unaudited)
	At March 31, 2015:
	Financial assets:
	Cash and cash equivalents	$	9,103,062		$	9,103,062		$	-	$	-
	FHLB Stock		1,078,900			-			1,078,900		-
	Loans held for sale		862,787			-			862,787
	Loans, net of allowance for loan losses		94,958,668			-			-		96,204,000
	Accrued interest receivable		291,588			-			291,588		-
	Mortgage servicing rights		314,428			-			-		525,730
	Financial liabilities:
	Deposits		98,857,439			11,577,460			87,501,979		-
	FHLB advances		11,000,000			-			11,136,000		-
	Accrued interest payable		26,277			-			26,277		-
		Fair Value Measurements Using
					Quoted Prices in			Significant
					Active Markets			Other		Significant
					for Identical			Observable		Unobservable
		Carrying			Assets			Inputs		Inputs
		Amount			(Level 1)			(Level 2)		(Level 3)
	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		-

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of earning per share		Three Months Ended March 31,		Three Months Ended March 31,
		2015		2014
		(Unaudited)		(Unaudited)
	Net Income (Loss)	$	30,275	$	(246,426	)
	Shares outstanding for basic EPS (LPS):
	Average shares outstanding		667,898		556,582
	Less:  Average unearned ESOP shares		51,110		44,342
			616,788		512,240
	Additional dilutive shares		-		-
	Shares outstanding for basic and diluted EPS (LPS)		616,788		512,240
	Basic and diluted earnings (loss) per share	$	0.05	$	(0.48	)

Nature_of_Operations_and_Conve1

Nature of Operations and Conversion (Detail Textuals) (Plan of Conversion and Reorganization, USD $)	0 Months Ended
	Feb. 16, 2015
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
Net proceeds from the stock offering	$4,690,000
Shares of common stock purchased under employee stock ownership plan (in shares)	53,431
Purchase price (in dollars per share)	$10

Securities_Details

Securities (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Available-for-sale securities:
Amortized Cost	$12,412,818	$12,734,825
Gross Unrealized Gains	75,416	69,387
Gross Unrealized Losses	38,851	86,147
Fair Value	12,449,383	12,718,065
U.S. Government and federal agency
Available-for-sale securities:
Amortized Cost	4,990,337	5,002,617
Gross Unrealized Gains	7,847	3,230
Gross Unrealized Losses	29,130	66,017
Fair Value	4,969,054	4,939,830
State and political subdivisions
Available-for-sale securities:
Amortized Cost	3,353,773	3,354,828
Gross Unrealized Gains	22,948	20,436
Gross Unrealized Losses	4,425	14,179
Fair Value	3,372,296	3,361,085
Mortgage-backed-Government-Sponsored Enterprise (GSE)-residential
Available-for-sale securities:
Amortized Cost	3,141,163	3,357,163
Gross Unrealized Gains	33,238	32,790
Gross Unrealized Losses	5,296	5,951
Fair Value	3,169,105	3,384,002
Collateralized mortgage obligations - GSE
Available-for-sale securities:
Amortized Cost	927,545	1,020,217
Gross Unrealized Gains	11,383	12,931
Gross Unrealized Losses
Fair Value	$938,928	$1,033,148

Securities_Details_1

Securities (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Amortized Cost
Within one year	$1,295,600	$795,000
After one through five years	7,048,510	7,562,445
Total amortized cost before mortgage-backed securities	8,344,110	8,357,445
Totals	12,412,818	12,734,825
Fair Value
Within one year	1,298,798	795,723
After one through five years	7,042,552	7,505,192
Total fair value before mortgage-backed securities	8,341,350	8,300,915
Totals	12,449,383	12,718,065
Mortgage-backed - GSE residential
Amortized Cost
Totals	3,141,163	3,357,163
Fair Value
Totals	3,169,105	3,384,002
Collateralized mortgage obligations-GSE
Amortized Cost
Totals	927,545	1,020,217
Fair Value
Totals	$938,928	$1,033,148

Securities_Details_2

Securities (Details 2) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Fair Value
Less than 12 Months	$1,209,567	$2,086,217
12 Months or More	4,020,992	3,980,564
Total	5,230,559	6,066,781
Gross Unrealized Losses
Less than 12 Months	5,296	8,555
12 Months or Longer	33,555	77,592
Total	38,851	86,147
U.S. Government and federal agency
Fair Value
Less than 12 Months
12 Months or More	3,525,417	3,492,139
Total	3,525,417	3,492,139
Gross Unrealized Losses
Less than 12 Months
12 Months or Longer	29,130	66,017
Total	29,130	66,017
State and political subdivisions
Fair Value
Less than 12 Months		804,572
12 Months or More	495,575	488,425
Total	495,575	1,292,997
Gross Unrealized Losses
Less than 12 Months		2,604
12 Months or Longer	4,425	11,575
Total	4,425	14,179
Mortgage-backed - GSE residential
Fair Value
Less than 12 Months	1,209,567	1,281,645
12 Months or More
Total	1,209,567	1,281,645
Gross Unrealized Losses
Less than 12 Months	5,296	5,951
12 Months or Longer
Total	$5,296	$5,951

Securities_Detail_Textuals

Securities (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Securities
Carrying value of securities pledged as collateral to secure public deposits and for other purposes	$318,284		$345,931
Sales of securities available for sale	0	0
Debt securities reported at an amount less than their historical cost	$5,230,559		$6,066,781
Debt securities reported at an amount less than their historical cost as a percentage of the company's investment portfolio	42.00%		48.00%

Loans_and_Allowance_Details

Loans and Allowance (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Less
Allowance for loan losses	$1,071,087	$1,075,351
Total loans, net	94,958,668	89,479,525
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	96,014,940	90,537,819
Less
Net deferred loan fees	-14,815	-17,057
Allowance for loan losses	1,071,087	1,075,351	1,131,611	1,061,141
Total loans, net	94,958,668	89,479,525
Loans Receivable | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	75,548,304	74,785,542
Loans Receivable | Residential 1- 4 family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	44,757,556	45,353,599
Less
Allowance for loan losses	207,083	222,618	221,963	188,325
Loans Receivable | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	28,883,604	27,908,662
Loans Receivable | Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	1,907,144	1,523,281
Loans Receivable | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,434,358	5,536,805
Less
Allowance for loan losses	226,716	248,388	157,510	138,268
Loans Receivable | Warehouse Line
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,000,004
Less
Allowance for loan losses	28,812
Loans Receivable | Total consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	10,032,274	10,215,472
Less
Allowance for loan losses	88,377	100,724	173,209	147,217
Loans Receivable | Home equity loans and lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	9,133,414	9,331,608
Loans Receivable | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$898,860	$883,864

Loans_and_Allowance_Details_1

Loans and Allowance (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Allowance for loan losses
Balance, beginning of period	$1,075,351
Provision (credit) for loan losses
Balance, end of period	1,071,087
Loans Receivable
Allowance for loan losses
Balance, beginning of period	1,075,351	1,061,141
Provision (credit) for loan losses
Loans charged to the allowance	-5,364	-20,984
Recoveries of loans previously charged off	1,100	91,454
Balance, end of period	1,071,087	1,131,611
Ending balance: individually evaluated for impairment	18,247		17,502
Ending balance: collectively evaluated for impairment	1,052,840		1,057,849
Loans:
Ending balance	96,014,940		90,537,819
Ending balance individually evaluated for impairment	2,770,104		4,236,694
Ending balance collectively evaluated for impairment	93,244,836		86,301,125
Loans Receivable | Residential 1- 4 family
Allowance for loan losses
Balance, beginning of period	222,618	188,325
Provision (credit) for loan losses	-15,535	52,322
Loans charged to the allowance		-20,984
Recoveries of loans previously charged off		2,300
Balance, end of period	207,083	221,963
Ending balance: individually evaluated for impairment	13,634		16,325
Ending balance: collectively evaluated for impairment	193,449		206,293
Loans:
Ending balance	44,757,556		45,353,599
Ending balance individually evaluated for impairment	2,008,593		2,727,712
Ending balance collectively evaluated for impairment	42,748,963		42,625,887
Loans Receivable | Commercial Real Estate
Allowance for loan losses
Balance, beginning of period	503,621	587,331
Provision (credit) for loan losses	20,742	-97,156
Loans charged to the allowance	-5,364
Recoveries of loans previously charged off	1,100	88,754
Balance, end of period	520,099	578,929
Ending balance: individually evaluated for impairment	3,992		644
Ending balance: collectively evaluated for impairment	516,107		502,977
Loans:
Ending balance	30,790,748		29,431,943
Ending balance individually evaluated for impairment	601,462		1,356,103
Ending balance collectively evaluated for impairment	30,189,286		28,075,840
Loans Receivable | Commercial and Industrial
Allowance for loan losses
Balance, beginning of period	248,388	138,268
Provision (credit) for loan losses	-21,672	19,242
Loans charged to the allowance
Recoveries of loans previously charged off
Balance, end of period	226,716	157,510
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	226,716		248,388
Loans:
Ending balance	5,434,358		5,536,805
Ending balance individually evaluated for impairment
Ending balance collectively evaluated for impairment	5,434,358		5,536,805
Loans Receivable | Warehouse Line
Allowance for loan losses
Balance, beginning of period
Provision (credit) for loan losses	28,812
Loans charged to the allowance
Recoveries of loans previously charged off
Balance, end of period	28,812
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	28,812
Loans:
Ending balance	5,000,004
Ending balance individually evaluated for impairment
Ending balance collectively evaluated for impairment	5,000,004
Loans Receivable | Consumer
Allowance for loan losses
Balance, beginning of period	100,724	147,217
Provision (credit) for loan losses	-12,347	25,592
Loans charged to the allowance
Recoveries of loans previously charged off		400
Balance, end of period	88,377	173,209
Ending balance: individually evaluated for impairment	621		533
Ending balance: collectively evaluated for impairment	87,756		100,191
Loans:
Ending balance	10,032,274		10,215,472
Ending balance individually evaluated for impairment	160,049		152,879
Ending balance collectively evaluated for impairment	$9,872,225		$10,062,593

Loans_and_Allowance_Details_2

Loans and Allowance (Details 2) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total	$96,014,940	$90,537,819
Pass
Financing Receivable, Recorded Investment [Line Items]
Total	93,687,427	87,431,481
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	304,255	219,157
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	2,023,258	2,887,181
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	44,757,556	45,353,599
Residential 1 - 4 Family | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	44,157,048	44,618,696
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	600,508	734,903
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	28,883,604	27,908,662
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	27,349,151	25,726,754
Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	304,255	219,157
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	1,230,198	1,962,751
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	1,907,144	1,523,281
Construction and Land | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	1,737,378	1,344,107
Construction and Land | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Construction and Land | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	169,766	179,174
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	5,434,358	5,536,805
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	5,434,358	5,536,805
Commercial and Industrial | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Commercial and Industrial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Warehouse Line
Financing Receivable, Recorded Investment [Line Items]
Total	5,000,004
Warehouse Line | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	5,000,004
Warehouse Line | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Warehouse Line | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total
Warehouse Line | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Warehouse Line | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Home Equity
Financing Receivable, Recorded Investment [Line Items]
Total	9,133,414	9,331,608
Home Equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	9,110,628	9,321,255
Home Equity | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Home Equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	22,786	10,353
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	898,860	883,864
Other Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	898,860	883,864
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_Details_3

Loans and Allowance (Details 3) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$1,115,482	$1,241,620
60-89 Days Past Due	638,968	589,475
Greater Than 90 Days	637,155	767,228
Total Past Due	2,391,605	2,598,323
Current	93,623,335	87,939,496
Total Loans	96,014,940	90,537,819
Total Loans > 90 Days & Accruing
Residential 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	662,478	1,147,797
60-89 Days Past Due	638,968	557,817
Greater Than 90 Days	600,508	734,903
Total Past Due	1,901,954	2,440,517
Current	42,855,602	42,913,082
Total Loans	44,757,556	45,353,599
Total Loans > 90 Days & Accruing
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due		11,782
60-89 Days Past Due
Greater Than 90 Days
Total Past Due		11,782
Current	28,883,604	27,896,880
Total Loans	28,883,604	27,908,662
Total Loans > 90 Days & Accruing
Construction and land
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	272,804	27,817
60-89 Days Past Due
Greater Than 90 Days	13,861	21,972
Total Past Due	286,665	49,789
Current	1,620,479	1,473,492
Total Loans	1,907,144	1,523,281
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	5,434,358	5,536,805
Total Loans	5,434,358	5,536,805
Total Loans > 90 Days & Accruing
Warehouse Line
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	5,000,004
Total Loans	5,000,004
Total Loans > 90 Days & Accruing
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	180,200	54,224
60-89 Days Past Due		25,601
Greater Than 90 Days	22,786	10,353
Total Past Due	202,986	90,178
Current	8,930,428	9,241,430
Total Loans	9,133,414	9,331,608
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
Greater Than 90 Days
Total Past Due		6,057
Current	898,860	877,807
Total Loans	898,860	883,864
Total Loans > 90 Days & Accruing

Loans_and_Allowance_Details_4

Loans and Allowance (Details 4) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$1,729,437	$2,253,287
Residential 1- 4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,433,363	1,397,529
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11,097	729,032
Construction and land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	204,267	49,789
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total
Warehouse Line
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	80,710	76,937
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total

Loans_and_Allowance_Details_5

Loans and Allowance (Details 5) (Loans Receivable, USD $)	Mar. 31, 2015	Dec. 31, 2014
Impaired loans without a specific allowance:
Recorded investment	$1,377,931	$2,777,705
Unpaid principal balance	1,452,881	2,993,937
Impaired loans with a specific allowance:
Recorded investment	1,392,173	1,458,989
Unpaid principal balance	1,451,121	1,511,931
Specific allowance	18,247	17,502
Total impaired loans:
Recorded investment	2,770,104	4,236,694
Unpaid principal balance	2,904,002	4,505,868
Specific allowance	18,247	17,502
Residential 1 - 4 Family
Impaired loans without a specific allowance:
Recorded investment	912,494	1,396,878
Unpaid principal balance	987,444	1,475,218
Impaired loans with a specific allowance:
Recorded investment	1,096,099	1,330,834
Unpaid principal balance	1,127,159	1,373,484
Specific allowance	13,634	16,325
Total impaired loans:
Recorded investment	2,008,593	2,727,712
Unpaid principal balance	2,114,603	2,848,702
Specific allowance	13,634	16,325
Commercial Real Estate
Impaired loans without a specific allowance:
Recorded investment	282,264	1,003,575
Unpaid principal balance	282,264	1,121,615
Impaired loans with a specific allowance:
Recorded investment	11,097	11,782
Unpaid principal balance	12,180	12,700
Specific allowance	43	46
Total impaired loans:
Recorded investment	293,361	1,015,357
Unpaid principal balance	294,444	1,134,315
Specific allowance	43	46
Construction and Land
Impaired loans without a specific allowance:
Recorded investment	103,834	290,956
Unpaid principal balance	103,834	304,827
Impaired loans with a specific allowance:
Recorded investment	204,267	49,790
Unpaid principal balance	227,375	56,120
Specific allowance	3,949	598
Total impaired loans:
Recorded investment	308,101	340,746
Unpaid principal balance	331,209	360,947
Specific allowance	3,949	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
Warehouse Line
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	79,339	86,296
Unpaid principal balance	79,339	92,277
Impaired loans with a specific allowance:
Recorded investment	80,710	66,583
Unpaid principal balance	84,407	69,627
Specific allowance	621	533
Total impaired loans:
Recorded investment	160,049	152,879
Unpaid principal balance	163,746	161,904
Specific allowance	$621	$533

Loans_and_Allowance_Details_6

Loans and Allowance (Details 6) (Loans Receivable, USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	$2,566,199	$5,036,365
Interest income recognized	10,696	28,601	61,499
Residential 1 - 4 Family
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	1,786,178	3,026,450
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	295,734	1,581,800
Construction and Land
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	330,402	168,577
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans
Warehouse Line
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans
Home Equity
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	$153,885	$259,538

Loans_and_Allowance_Details_7

Loans and Allowance (Details 7) (Loans Receivable, USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	loan	loan
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Pre-Modification Recorded Balance		$61,000
Post-Modification Recorded Balance		61,000
Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Pre-Modification Recorded Balance		61,000
Post-Modification Recorded Balance		61,000
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Loans
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Construction and land
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
Warehouse Line
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
Interest Only | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Interest Only | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Interest Only | Construction and land
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
Term | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance		61,000
Term | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Term | Construction and land
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
Combination | Residential 1- 4 family
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-Modification Recorded Balance
Combination | Construction and land
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

Loans_and_Allowance_Detail_Tex

Loans and Allowance (Detail Textuals) (Loans Receivable, USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in the allowance for loan losses	$0	$178
Charge offs in the troubled debt restructurings	$0	$19,937

Disclosures_About_Fair_Value_o2

Disclosures About Fair Value of Assets and Liabilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Recurring Measurements
Totals	$12,449,383	$12,718,065
U.S. Government and federal agency
Recurring Measurements
Totals	4,969,054	4,939,830
State and political subdivisions
Recurring Measurements
Totals	3,372,296	3,361,085
Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,169,105	3,384,002
Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	938,928	1,033,148
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	525,730	526,647
Recurring basis | Fair Value
Recurring Measurements
Mortgage servicing rights	108,754	114,193
Recurring basis | Fair Value | U.S. Government and federal agency
Recurring Measurements
Totals	4,969,054	4,939,830
Recurring basis | Fair Value | State and political subdivisions
Recurring Measurements
Totals	3,372,296	3,361,085
Recurring basis | Fair Value | Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,169,105	3,384,002
Recurring basis | Fair Value | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	938,928	1,033,148
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	4,969,054	4,939,830
Recurring basis | Significant Other Observable Inputs (Level 2) | State and political subdivisions
Recurring Measurements
Totals	3,372,296	3,361,085
Recurring basis | Significant Other Observable Inputs (Level 2) | Mortgage-backed - GSE residential
Recurring Measurements
Totals	3,169,105	3,384,002
Recurring basis | Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations - GSE
Recurring Measurements
Totals	938,928	1,033,148
Recurring basis | Significant Unobservable Inputs (Level 3)
Recurring Measurements
Mortgage servicing rights	108,754	114,193
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 1) (Mortgage Servicing Rights, USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
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 period	$114,193	$148,171
Total changes in fair value included in earnings	-5,439	-9,883
Balance, end of period	$108,754	$138,288

Disclosures_About_Fair_Value_o4

Disclosures About Fair Value of Assets and Liabilities (Details 2) (Nonrecurring basis, USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value | Other real estate owned
Nonrecurring Measurements
Assets measured at fair value		$190,000
Fair Value | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value	1,373,926	1,441,487
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
Significant Unobservable Inputs (Level 3) | Collateral-dependent impaired loans, net of ALLL
Nonrecurring Measurements
Assets measured at fair value	$1,373,926	$1,441,487

Disclosures_About_Fair_Value_o5

Disclosures About Fair Value of Assets and Liabilities (Details 3) (Level 3, USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Other real estate owned | Market comparable properties
Quantitative information about unobservable inputs
Fair Value		190,000
Collateral-dependent impaired loans | Market comparable properties
Quantitative information about unobservable inputs
Fair Value	1,373,926	1,441,487
Collateral-dependent impaired loans | Market comparable properties | Minimum
Quantitative information about unobservable inputs
Marketability discount (as a percent)	0.00%	10.00%
Collateral-dependent impaired loans | Market comparable properties | Maximum
Quantitative information about unobservable inputs
Marketability discount (as a percent)	2.54%	15.00%
Collateral-dependent impaired loans | Market comparable properties | Weighted Average
Quantitative information about unobservable inputs
Marketability discount (as a percent)	1.31%	12.00%
Mortgage servicing rights | Discounted cash flow
Quantitative information about unobservable inputs
Fair Value	108,754	114,193
Mortgage servicing rights | Discounted cash flow | Minimum
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	10.00%	8.50%
Probability of default (as a percent)	1.00%	1.00%
Discount rate (as a percent)	7.60%	7.60%
Mortgage servicing rights | Discounted cash flow | Maximum
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	18.00%	16.00%
Probability of default (as a percent)	8.00%	8.00%
Discount rate (as a percent)	12.00%	13.00%
Mortgage servicing rights | Discounted cash flow | Weighted Average
Quantitative information about unobservable inputs
Constant prepayment rate (as a percent)	16.70%	11.20%
Probability of default (as a percent)	1.90%	2.10%
Discount rate (as a percent)	9.60%	10.40%

Disclosures_About_Fair_Value_o6

Disclosures About Fair Value of Assets and Liabilities (Details 4) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Financial assets
Accrued interest receivable	$291,588	$302,777
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and cash equivalents	9,103,062	13,444,597
FHLB Stock
Loans held for sale
Loans , net of allowance for loan losses
Accrued interest receivable
Mortgage servicing rights
Financial liabilities
Deposits	11,577,460	11,730,674
FHLB advances
Accrued interest payable
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and cash equivalents
FHLB Stock	1,078,900	1,078,900
Loans held for sale	862,787	48,300
Loans , net of allowance for loan losses
Accrued interest receivable	291,588	302,777
Mortgage servicing rights
Financial liabilities
Deposits	87,501,979	86,842,438
FHLB advances	11,136,000	10,098,000
Accrued interest payable	26,277	6,256
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and cash equivalents
FHLB Stock
Loans held for sale
Loans , net of allowance for loan losses	96,204,000	89,756,000
Accrued interest receivable
Mortgage servicing rights	525,730	526,647
Financial liabilities
Deposits
FHLB advances
Accrued interest payable
Carrying Amount
Financial assets
Cash and cash equivalents	9,103,062	13,444,597
FHLB Stock	1,078,900	1,078,900
Loans held for sale	862,787	48,300
Loans , net of allowance for loan losses	94,958,668	89,479,525
Accrued interest receivable	291,588	302,777
Mortgage servicing rights	314,428	317,912
Financial liabilities
Deposits	98,857,439	98,493,112
FHLB advances	11,000,000	10,000,000
Accrued interest payable	$26,277	$6,256

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net Income (Loss)	$30,275	($246,426)
Shares outstanding for basic EPS (LPS):
Average shares outstanding	667,898	556,582
Less: Average unearned ESOP shares	51,110	44,342
Average shares outstanding, Total	616,788	512,240
Additional dilutive shares
Shares outstanding for basic and diluted EPS (LPS)	616,788	512,240
Basic and diluted earnings (loss) per share (in dollars per share)	$0.05	($0.48)