Community Bancorp (CMTV) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Document And Entity Information
Entity Registrant Name	Community Bancorp /VT
Entity Central Index Key	718,413
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,042,934
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets
Cash and due from banks	$ 11,705,902	$ 9,479,353	$ 11,300,856
Federal funds sold and overnight deposits	673,911	19,372,537	3,438,242
Total cash and cash equivalents	12,379,813	28,851,890	14,739,098
Securities held-to-maturity (fair value $57,592,000 at 09/30/16, $44,143,000 at 12/31/15 and $48,011,000 at 09/30/15)	56,837,100	43,354,419	47,657,894
Securities available-for-sale	29,412,216	26,470,400	30,385,242
Restricted equity securities, at cost	1,855,850	2,441,650	3,332,450
Loans held-for-sale	708,975	1,199,400	1,198,633
Loans	470,186,895	458,119,429	455,418,132
Allowance for loan losses	(5,179,965)	(5,011,878)	(5,015,987)
Deferred net loan costs	312,565	316,491	308,189
Net loans	465,319,495	453,424,042	450,710,334
Bank premises and equipment, net	10,833,164	11,460,207	11,291,015
Accrued interest receivable	1,649,964	1,633,213	1,687,483
Bank owned life insurance (BOLI)	4,599,301	4,520,486	4,493,676
Core deposit intangible	340,861	545,386	613,556
Goodwill	11,574,269	11,574,269	11,574,269
Other real estate owned (OREO)	409,000	262,000	1,058,475
Other assets	9,870,422	10,397,347	10,218,014
Total assets	605,790,430	596,134,709	588,960,139
Deposits:
Demand, non-interest bearing	101,259,470	93,525,762	91,124,547
Interest-bearing transaction accounts	119,981,648	130,735,094	113,669,795
Money market funds	76,976,376	81,930,888	89,103,792
Savings	91,274,380	81,731,290	81,550,091
Time deposits, $250,000 and over	10,848,979	9,431,437	9,374,291
Other time deposits	103,466,053	98,131,091	94,185,975
Total deposits	503,806,906	495,485,562	479,008,491
Federal funds purchased and other borrowed funds	5,795,000	10,000,000	20,000,000
Repurchase agreements	25,834,249	22,073,238	21,977,315
Capital lease obligations	493,810	558,365	579,277
Junior subordinated debentures	12,887,000	12,887,000	12,887,000
Accrued interest and other liabilities	3,129,831	3,715,888	3,550,476
Total liabilities	551,946,796	544,720,053	538,002,559
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, 25 shares issued and outstanding ($100,000 liquidation value)	2,500,000	2,500,000	2,500,000
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,253,090 shares issued at 09/30/16, 5,204,517 shares issued at 12/31/15 and 5,189,705 shares issued at 09/30/15	13,132,725	13,011,293	12,974,263
Additional paid-in capital	30,639,268	30,089,438	29,908,987
Retained earnings	9,991,842	8,482,096	8,100,897
Accumulated other comprehensive income (loss)	202,576	(45,394)	96,210
Less: treasury stock, at cost; 210,101 shares at 09/30/16, 12/31/15 and 09/30/15	(2,622,777)	(2,622,777)	(2,622,777)
Total shareholders' equity	53,843,634	51,414,656	50,957,580
Total liabilities and shareholders' equity	$ 605,790,430	$ 596,134,709	$ 588,960,139
Book value per common share outstanding	$ 10.18	$ 9.79	$ 9.73

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets
Securities held-to-maturity, fair value	$ 57,592,000	$ 44,143,000	$ 48,011,000
Shareholder's Equity
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	25	25	25
Preferred stock, shares outstanding (in shares)	25	25	25
Preferred stock liquidation value	$ 100,000	$ 100,000	$ 100,000
Common stock par value (in dollars per share)	$ 2.50	$ 2.50	$ 2.50
Common stock, shares authorized (in shares)	15,000,000	15,000,000	15,000,000
Common stock, shares issued (in shares)	5,253,090	5,204,517	5,189,705
Treasury stock (in shares)	210,101	210,101	210,101

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income
Interest and fees on loans	$ 5,732,855	$ 5,503,166	$ 16,582,276	$ 16,314,191
Interest on debt securities
Taxable	128,767	119,977	384,413	327,624
Tax-exempt	339,999	279,041	942,246	826,421
Dividends	49,429	34,365	108,141	82,036
Interest on federal funds sold and overnight deposits	3,048	3,186	18,654	7,446
Total interest income	6,254,098	5,939,735	18,035,730	17,557,718
Interest expense
Interest on deposits	504,170	484,278	1,529,465	1,605,916
Interest on federal funds purchased and other borrowed funds	53,404	28,229	106,807	66,505
Interest on repurchase agreements	18,820	16,689	56,125	54,259
Interest on junior subordinated debentures	115,349	103,274	339,603	305,607
Total interest expense	691,743	632,470	2,032,000	2,032,287
Net interest income	5,562,355	5,307,265	16,003,730	15,525,431
Provision for loan losses	150,000	75,000	400,000	375,000
Net interest income after provision for loan losses	5,412,355	5,232,265	15,603,730	15,150,431
Non-interest income
Service fees	719,341	657,949	1,992,560	1,932,367
Income from sold loans	230,623	239,724	683,114	687,964
Other income from loans	209,882	223,465	616,473	544,097
Net realized gain on sale of securities available-for-sale			0	2,723
Other income	323,674	178,857	747,923	650,110
Total non-interest income	1,483,520	1,299,995	4,040,070	3,817,261
Non-interest expense
Salaries and wages	1,725,000	1,650,000	5,175,000	4,988,352
Employee benefits	679,762	575,129	2,049,926	1,911,809
Occupancy expenses, net	605,378	676,559	1,857,482	1,976,226
Other expenses	1,780,363	1,630,186	5,065,565	5,132,055
Total non-interest expense	4,790,503	4,531,874	14,147,973	14,008,442
Income before income taxes	2,105,372	2,000,386	5,495,827	4,959,250
Income tax expense	589,472	560,564	1,515,234	1,331,884
Net income	$ 1,515,900	$ 1,439,822	$ 3,980,593	$ 3,627,366
Earnings per common share	$ 0.3	$ 0.29	$ 0.78	$ 0.72
Weighted average number of common shares used in computing earnings per share	5,032,156	4,969,425	5,016,191	4,954,381
Dividends declared per common share	$ 0.16	$ 0.16	$ 0.48	$ 0.48

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 1,515,900	$ 1,439,822	$ 3,980,593	$ 3,627,366
Other comprehensive income (loss), net of tax:
Unrealized holding gain (loss) on available-for-sale securities arising during the period	(46,840)	145,990	375,713	159,775
Reclassification adjustment for gain realized in income			0	(2,723)
Unrealized gain during the year			375,713	157,052
Tax effect	15,926	(49,637)	(127,743)	(53,398)
Other comprehensive income (loss), net of tax	(30,914)	96,353	247,970	103,654
Total comprehensive income	$ 1,484,986	$ 1,536,175	$ 4,228,563	$ 3,731,020

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities:
Net income	$ 3,980,593	$ 3,627,366
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, bank premises and equipment	779,240	728,753
Provision for loan losses	400,000	375,000
Deferred income tax	(132,862)	(261,012)
Gain on sale of securities available-for-sale	0	(2,723)
Gain on sale of loans	(351,824)	(301,910)
Loss on sale of bank premises and equipment	0	87,278
Loss on sale of OREO	4,965	5,384
Income from Trust LLC	(326,675)	(269,313)
Amortization of bond premium, net	90,099	130,432
Write down of OREO	26,000	45,320
Proceeds from sales of loans held for sale	18,648,432	18,395,365
Originations of loans held for sale	(17,806,183)	(19,265,838)
Increase in taxes payable	358,630	251,897
(Increase) decrease in interest receivable	(16,751)	10,965
Decrease in mortgage servicing rights	77,768	15,716
Increase in other assets	(17,149)	(258,984)
Increase in cash surrender value of BOLI	(78,815)	(80,102)
Amortization of core deposit intangible	204,525	204,525
Amortization of limited partnerships	439,470	423,999
Decrease (increase) in unamortized loan costs	3,926	(4,795)
Decrease in interest payable	(8,421)	(13,022)
Increase (decrease) in accrued expenses	93,410	(52,429)
Increase (decrease) in other liabilities	17,835	(9,752)
Net cash provided by operating activities	6,386,213	3,782,120
Cash Flows from Investing Activities:
Investments - held-to-maturity Maturities and pay downs	28,312,853	28,218,911
Purchases	(41,795,534)	(34,065,859)
Investments - available-for-sale Maturities, calls, pay downs and sales	4,550,645	11,081,823
Purchases	(7,206,847)	(8,490,830)
Proceeds from redemption of restricted equity securities	585,800	0
(Decrease) increase in limited partnership contributions payable	(687,500)	975,000
Investments in limited partnerships	0	(975,500)
Increase in loans, net	(12,747,728)	(8,035,374)
Capital expenditures for bank premises and equipment	(152,199)	(618,097)
Proceeds from sales of OREO	217,143	210,616
Recoveries of loans charged off	53,242	75,835
Net cash (used in) provided by investing activities	(28,870,125)	(11,623,475)
Cash Flows from Financing Activities:
Net decrease in demand and interest-bearing transaction accounts	(3,019,738)	(9,352,999)
Net increase in money market and savings accounts	4,588,578	4,804,037
Net increase (decrease) in time deposits	6,752,504	(9,462,010)
Net increase (decrease) in repurchase agreements	3,761,011	(6,565,646)
Net (decrease) increase in short-term borrowings	(4,755,000)	20,000,000
Proceeds from long-term borrowings	550,000	0
Decrease in capital lease obligations	(64,555)	(60,267)
Dividends paid on preferred stock	(65,625)	(60,938)
Dividends paid on common stock	(1,735,340)	(1,683,898)
Net cash provided by (used in) financing activities	6,011,835	(2,381,721)
Net decrease in cash and cash equivalents	(16,472,077)	(10,223,076)
Cash and cash equivalents:
Beginning	28,851,890	24,962,174
Ending	12,379,813	14,739,098
Supplemental Schedule of Cash Paid During the Period:
Interest	2,040,421	2,045,309
Income taxes, net of refunds	850,000	917,000
Supplemental Schedule of Noncash Investing and Financing Activities:
Change in unrealized gain on securities available-for-sale	375,713	157,052
Loans transferred to OREO	395,108	81,475
Common Shares Dividends Paid:
Dividends declared	2,405,222	2,375,465
Decrease (increase) in dividends payable attributable to dividends declared	1,380	(23,805)
Dividends reinvested	(671,262)	(667,762)
Total	$ 1,735,340	$ 1,683,898

1. Basis of Presentation and Co

1. Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 1. Basis of Presentation and Consolidation	The interim consolidated financial statements of Community Bancorp. and Subsidiary are unaudited. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments necessary for the fair presentation of the financial condition and results of operations of the Company contained herein have been made. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2015 contained in the Company's Annual Report on Form 10-K. The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for the full annual period ending December 31, 2016, or for any other interim period. Certain amounts in the 2015 unaudited consolidated income statements have been reclassified to conform to the 2016 presentation. Reclassifications had no effect on prior period net income or shareholders’ equity.

2. Recent Accounting Developmen

2. Recent Accounting Developments	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Note 2. Recent Accounting Developments	In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments A modified version of these requirements also applies to debt securities classified as available for sale. T h e ASU i s effec ti ve for fisca l years be g inn i n g aft er De c ember 15, 2019, in c lu d ing in teri m p e rio ds w i t hin t ho se fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within such years. The Company is evaluating the impact

3. Earnings per Common Share

3. Earnings per Common Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Note 3. Earnings per Common Share	Earnings per common share amounts are computed based on the weighted average number of shares of common stock issued during the period (retroactively adjusted for stock splits and stock dividends, if any), including Dividend Reinvestment Plan shares issuable upon reinvestment of dividends declared, and reduced for shares held in treasury. The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock: Three Months Ended September 30, 2016 2015 Net income, as reported $ 1,515,900 $ 1,439,822 Less: dividends to preferred shareholders 21,875 20,313 Net income available to common shareholders $ 1,494,025 $ 1,419,509 Weighted average number of common shares used in calculating earnings per share 5,032,156 4,969,425 Earnings per common share $ 0.30 $ 0.29 Nine Months Ended September 30, 2016 2015 Net income, as reported $ 3,980,593 $ 3,627,366 Less: dividends to preferred shareholders 65,625 60,938 Net income available to common shareholders $ 3,914,968 $ 3,566,428 Weighted average number of common shares used in calculating earnings per share 5,016,191 4,954,381 Earnings per common share $ 0.78 $ 0.72

4. Investment Securities

4. Investment Securities	9 Months Ended
	Sep. 30, 2016
Investment Securities
Note 4. Investment Securities	Securities available-for-sale (AFS) and held-to-maturity (HTM) as of the balance sheet dates consisted of the following: Gross Gross Amortized Unrealized Unrealized Fair Securities AFS Cost Gains Losses Value September 30, 2016 U.S. Government sponsored enterprise (GSE) debt securities $ 13,751,867 $ 96,874 $ 5,247 $ 13,843,494 Agency mortgage-backed securities (Agency MBS) 12,380,416 164,771 18,571 12,526,616 Other investments 2,973,000 69,106 0 3,042,106 $ 29,105,283 $ 330,751 $ 23,818 $ 29,412,216 December 31, 2015 U.S. GSE debt securities $ 12,832,059 $ 22,523 $ 22,139 $ 12,832,443 Agency MBS 10,734,121 0 69,637 10,664,484 Other investments 2,973,000 5,046 4,573 2,973,473 $ 26,539,180 $ 27,569 $ 96,349 $ 26,470,400 September 30, 2015 U.S. GSE debt securities $ 13,846,756 $ 100,714 $ 0 $ 13,947,470 U.S. Government securities 2,988,369 14,600 0 3,002,969 Agency MBS 11,175,344 31,719 8,702 11,198,361 Other investments 2,229,000 8,040 598 2,236,442 $ 30,239,469 $ 155,073 $ 9,300 $ 30,385,242 Gross Gross Amortized Unrealized Unrealized Fair Securities HTM Cost Gains Losses Value* September 30, 2016 States and political subdivisions $ 56,837,100 $ 754,900 $ 0 $ 57,592,000 December 31, 2015 States and political subdivisions $ 43,354,419 $ 788,581 $ 0 $ 44,143,000 September 30, 2015 States and political subdivisions $ 47,657,894 $ 353,106 $ 0 $ 48,011,000 *Method used to determine fair value of HTM securities rounds values to nearest thousand. U.S. GSE debt securities, Agency MBS securities and certificates of deposit (CDs) held for investment with a book value of $29,105,283 and a fair value of $29,412,216 collateralized repurchase agreements at September 30, 2016. These repurchase agreements mature daily. The scheduled maturities of debt securities AFS were as follows: Amortized Fair Cost Value September 30, 2016 Due in one year or less $ 1,000,000 $ 1,001,865 Due from one to five years 14,479,867 14,630,210 Due from five to ten years 1,245,000 1,253,525 Agency MBS 12,380,416 12,526,616 $ 29,105,283 $ 29,412,216 December 31, 2015 Due in one year or less $ 3,077,544 $ 3,086,317 Due from one to five years 12,482,515 12,474,599 Due from five to ten years 245,000 245,000 Agency MBS 10,734,121 10,664,484 $ 26,539,180 $ 26,470,400 September 30, 2015 Due in one year or less $ 5,095,683 $ 5,111,128 Due from one to five years 13,723,442 13,828,303 Due from five to ten years 245,000 247,450 Agency MBS 11,175,344 11,198,361 $ 30,239,469 $ 30,385,242 Because the actual maturities of Agency MBS usually differ from their contractual maturities due to the right of borrowers to prepay the underlying mortgage loans, usually without penalty, those securities are not presented in the table by contractual maturity date. The scheduled maturities of debt securities HTM were as follows: Amortized Fair Cost Value* September 30, 2016 Due in one year or less $ 35,141,204 $ 35,141,000 Due from one to five years 4,029,095 4,218,000 Due from five to ten years 3,430,921 3,620,000 Due after ten years 14,235,880 14,613,000 $ 56,837,100 $ 57,592,000 December 31, 2015 Due in one year or less $ 27,731,133 $ 27,731,000 Due from one to five years 4,015,553 4,213,000 Due from five to ten years 3,149,531 3,347,000 Due after ten years 8,458,202 8,852,000 $ 43,354,419 $ 44,143,000 September 30, 2015 Due in one year or less $ 34,954,587 $ 34,955,000 Due from one to five years 4,436,462 4,524,000 Due from five to ten years 1,856,522 1,945,000 Due after ten years 6,410,323 6,587,000 $ 47,657,894 $ 48,011,000 *Method used to determine fair value of HTM securities rounds values to nearest thousand. There were no debt securities HTM in an unrealized loss position as of the balance sheet dates. There were no debt securities AFS in an unrealized loss position greater than 12 months as of the balance sheet dates. Debt securities AFS with unrealized losses as of the balance sheet dates are presented in the table below. Less than 12 months Total Fair Unrealized Fair Unrealized Value Loss Value Loss September 30, 2016 U.S. GSE debt securities $ 1,994,753 $ 5,247 $ 1,994,753 $ 5,247 Agency MBS 2,054,035 18,571 2,054,035 18,571 $ 4,048,788 $ 23,818 $ 4,048,788 $ 23,818 December 31, 2015 U.S. GSE debt securities $ 6,243,373 $ 22,139 $ 6,243,373 $ 22,139 Agency MBS 10,664,484 69,637 10,664,484 69,637 Other investments 1,483,427 4,573 1,483,427 4,573 $ 18,391,284 $ 96,349 $ 18,391,284 $ 96,349 September 30, 2015 Agency MBS $ 4,191,984 $ 8,702 $ 4,191,984 $ 8,702 Other investments 495,402 598 495,402 598 $ 4,687,386 $ 9,300 $ 4,687,386 $ 9,300 Debt securities in the table above consisted of one U.S. GSE debt security and four Agency MBS securities at September 30, 2016, six U.S. GSE debt securities, twelve Agency MBS and six CDs held for investment at December 31, 2015, and five Agency MBS securities and two CDs at September 30, 2015. The unrealized losses for all periods presented were principally attributable to changes in prevailing interest rates for similar types of securities and not deterioration in the creditworthiness of the issuer. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions, or adverse developments relating to the issuer, warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than the carrying value, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer's financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies or other adverse developments in the status of the securities have occurred, and the results of reviews of the issuer's financial condition. As of September 30, 2016, there were no declines in the fair value of any of the securities reflected in the table above that were deemed by management to be other than temporary.

5. Loans, Allowance for Loan Lo

5. Loans, Allowance for Loan Losses and Credit Quality	9 Months Ended
	Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Note 5. Loans, Allowance for Loan Losses and Credit Quality	The composition of net loans as of the balance sheet dates was as follows: September 30, December 31, September 30, 2016 2015 2015 Commercial & industrial $ 69,791,331 $ 65,191,124 $ 68,970,374 Commercial real estate 190,246,590 178,206,542 171,636,701 Residential real estate - 1st lien 161,277,406 162,760,273 161,763,468 Residential real estate - Junior (Jr) lien 41,739,827 44,720,266 45,237,294 Consumer 7,131,741 7,241,224 7,810,295 Gross Loans 470,186,895 458,119,429 455,418,132 Deduct (add): Allowance for loan losses 5,179,965 5,011,878 5,015,987 Deferred net loan costs (312,565 ) (316,491 ) (308,189 ) Net Loans $ 465,319,495 $ 453,424,042 $ 450,710,334 The following is an age analysis of loans (including non-accrual), by portfolio segment: 90 Days or 90 Days Total Non-Accrual More September 30, 2016 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 236,510 $ 116,720 $ 353,230 $ 69,438,101 $ 69,791,331 $ 205,358 $ 116,720 Commercial real estate 655,874 249,749 905,623 189,340,967 190,246,590 759,332 227,302 Residential real estate - 1st lien 1,837,612 1,005,342 2,842,954 158,434,452 161,277,406 1,289,968 744,379 - Jr lien 203,174 91,420 294,594 41,445,233 41,739,827 343,766 91,420 Consumer 66,776 0 66,776 7,064,965 7,131,741 0 0 Total $ 2,999,946 $ 1,463,231 $ 4,463,177 $ 465,723,718 $ 470,186,895 $ 2,598,424 $ 1,179,821 90 Days or 90 Days Total Non-Accrual More December 31, 2015 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 224,997 $ 168,244 $ 393,241 $ 64,797,883 $ 65,191,124 $ 441,103 $ 13,556 Commercial real estate 888,994 560,439 1,449,433 176,757,109 178,206,542 2,400,757 45,356 Residential real estate - 1st lien 2,875,768 1,408,551 4,284,319 158,475,954 162,760,273 2,009,079 801,241 - Jr lien 521,373 63,031 584,404 44,135,862 44,720,266 386,132 63,031 Consumer 83,343 0 83,343 7,157,881 7,241,224 0 0 Total $ 4,594,475 $ 2,200,265 $ 6,794,740 $ 451,324,689 $ 458,119,429 $ 5,237,071 $ 923,184 90 Days or 90 Days Total Non-Accrual More September 30, 2015 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 98,272 $ 254,837 $ 353,109 $ 68,617,265 $ 68,970,374 $ 631,247 $ 0 Commercial real estate 666,897 515,083 1,181,980 170,454,721 171,636,701 2,377,232 0 Residential real estate - 1st lien 1,873,326 1,062,526 2,935,852 158,827,616 161,763,468 2,240,524 348,353 - Jr lien 248,648 111,849 360,497 44,876,797 45,237,294 351,805 67,811 Consumer 53,090 1,791 54,881 7,755,414 7,810,295 0 1,791 Total $ 2,940,233 $ 1,946,086 $ 4,886,319 $ 450,531,813 $ 455,418,132 $ 5,600,808 $ 417,955 For all loan segments, loans over 30 days past due are considered delinquent. As of September 30, 2016, there were six residential mortgage loans in process of foreclosure totaling $250,413, compared to five residential mortgage loans totaling $400,905 as of December 31, 2015, and four residential mortgages loans totaling $370,413 as of September 30, 2015. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. Unsecured loans, primarily consumer loans, are charged off when they become uncollectible and no later than 120 days past due. Unsecured loans to customers who subsequently file bankruptcy are charged off within 30 days of receipt of the notification of filing or by the end of the month in which the loans become 120 days past due, whichever occurs first. For secured loans, both residential and commercial, the potential loss on impaired loans is carried as a loan loss reserve specific allocation; the loss portion is charged off when collection of the full loan appears unlikely. The unsecured portion of a real estate loan is that portion of the loan exceeding the "fair value" of the collateral less the estimated cost to sell. Value of the collateral is determined in accordance with the Company’s appraisal policy. The unsecured portion of an impaired real estate secured loan is charged off by the end of the month in which the loan becomes 180 days past due. As described below, the allowance consists of general, specific and unallocated components. However, the entire allowance is available to absorb losses in the loan portfolio, regardless of specific, general and unallocated components considered in determining the amount of the allowance. General component The general component of the allowance for loan losses is based on historical loss experience, adjusted for qualitative factors and stratified by the following loan segments: commercial and industrial, commercial real estate, residential real estate first (1st) lien, residential real estate junior (Jr) lien and consumer loans. The Company does not disaggregate its portfolio segments further into classes. Loss ratios are calculated by loan segment for one year, two year, three year, four year and five year look back periods. The highest loss ratio among these look-back periods is then applied against the respective segment. Management uses an average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels of and trends in delinquencies and non-performing loans, levels of and trends in loan risk groups, trends in volumes and terms of loans, effects of any changes in loan related policies, experience, ability and the depth of management, documentation and credit data exception levels, national and local economic trends, external factors such as competition and regulation and lastly, concentrations of credit risk in a variety of areas, including portfolio product mix, the level of loans to individual borrowers and their related interests, loans to industry segments, and the geographic distribution of commercial real estate loans. This evaluation is inherently subjective as it requires estimates that are susceptible to revision as more information becomes available. The qualitative factors are determined based on the various risk characteristics of each loan segment. The Company has policies, procedures and internal controls that management believes are commensurate with the risk profile of each of these segments. Major risk characteristics relevant to each portfolio segment are as follows: Commercial & Industrial – Commercial Real Estate – Residential Real Estate - 1st Lien – Residential Real Estate – Jr Lien – Consumer – Specific component The specific component of the allowance for loan losses relates to loans that are impaired. Impaired loans are loan(s) to a borrower that in the aggregate are greater than $100,000 and that are in non-accrual status or are troubled debt restructurings (TDR) regardless of amount. A specific allowance is established for an impaired loan when its estimated impaired basis is less than the carrying value of the loan. For all loan segments, except consumer loans, a loan is considered impaired when, based on current information and events, in management’s estimation 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 probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant or temporary payment delays and payment shortfalls generally are not classified as impaired. Management evaluates 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 and frequency 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, 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. Impaired loans also include troubled loans that are restructured. A TDR occurs when the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that would otherwise not be granted. TDRs may include the transfer of assets to the Company in partial satisfaction of a troubled loan, a modification of a loan’s terms, or a combination of the two. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment evaluation, unless such loans are subject to a restructuring agreement. Unallocated component An unallocated component of the allowance for loan losses is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component reflects management’s estimate of the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The tables below summarize changes in the allowance for loan losses and select loan information, by portfolio segment, for the periods indicated. As of or for the three months ended September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 825,242 $ 2,316,966 $ 1,294,272 $ 414,082 $ 80,560 $ 146,298 $ 5,077,420 Charge-offs (1,358 ) 0 (42,000 ) 0 (14,438 ) 0 (57,796 ) Recoveries 2,174 0 3,974 60 4,133 0 10,341 Provision (credit) (54,384 ) 34,435 82,396 (32,861 ) (11,915 ) 132,329 150,000 Ending balance $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 As of or for the nine months ended September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Charge-offs (12,194 ) 0 (234,549 ) 0 (38,412 ) 0 (285,155 ) Recoveries 22,650 0 9,660 180 20,752 0 53,242 Provision (credit) 48,316 198,723 195,503 (41,721 ) 311 (1,132 ) 400,000 Ending balance $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 92,900 $ 19,000 $ 115,600 $ 0 $ 0 $ 227,500 Collectively 771,674 2,258,501 1,319,642 265,681 58,340 278,627 4,952,465 Total $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 Loans evaluated for impairment Individually $ 188,528 $ 703,852 $ 1,064,752 $ 226,590 $ 0 $ 2,183,722 Collectively 69,602,803 189,542,738 160,212,654 41,513,237 7,131,741 468,003,173 Total $ 69,791,331 $ 190,246,590 $ 161,277,406 $ 41,739,827 $ 7,131,741 $ 470,186,895 As of or for the year ended December 31, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 646,719 $ 2,311,936 $ 1,270,766 $ 321,099 $ 118,819 $ 236,535 $ 4,905,874 Charge-offs (200,900 ) (14,783 ) (150,947 ) (66,104 ) (69,632 ) 0 (502,366 ) Recoveries 59,264 0 6,042 240 32,824 0 98,370 Provision (credit) 207,819 (144,475 ) 242,167 167,587 (6,322 ) 43,224 510,000 Ending balance $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 0 $ 25,100 $ 114,600 $ 0 $ 0 $ 139,700 Collectively 712,902 2,152,678 1,342,928 308,222 75,689 279,759 4,872,178 Total $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Loans evaluated for impairment Individually $ 286,436 $ 2,551,748 $ 1,419,808 $ 234,004 $ 0 $ 4,491,996 Collectively 64,904,688 175,654,794 161,340,465 44,486,262 7,241,224 453,627,433 Total $ 65,191,124 $ 178,206,542 $ 162,760,273 $ 44,720,266 $ 7,241,224 $ 458,119,429 As of or for the three months ended September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 881,094 $ 1,984,559 $ 1,358,504 $ 352,125 $ 63,813 $ 455,117 $ 5,095,212 Charge-offs (70,000 ) (14,783 ) (17,473 ) (35,194 ) (25,334 ) 0 (162,784 ) Recoveries 997 0 0 60 7,502 0 8,559 Provision (credit) (91,246 ) 45,039 57,167 106,934 23,350 (66,244 ) 75,000 Ending balance $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 As of or for the nine months ended September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 646,719 $ 2,311,936 $ 1,270,766 $ 321,099 $ 118,819 $ 236,535 $ 4,905,874 Charge-offs (105,059 ) (14,783 ) (112,047 ) (55,393 ) (53,440 ) 0 (340,722 ) Recoveries 43,909 0 6,042 180 25,704 0 75,835 Provision (credit) 135,276 (282,338 ) 233,437 158,039 (21,752 ) 152,338 375,000 Ending balance $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 0 $ 71,800 $ 115,000 $ 0 $ 0 $ 186,800 Collectively 720,845 2,014,815 1,326,398 308,925 69,331 388,873 4,829,187 Total $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 Loans evaluated for impairment Individually $ 446,928 $ 2,526,797 $ 1,701,790 $ 236,301 $ 0 $ 4,911,816 Collectively 68,523,446 169,109,904 160,061,678 45,000,993 7,810,295 450,506,316 Total $ 68,970,374 $ 171,636,701 $ 161,763,468 $ 45,237,294 $ 7,810,295 $ 455,418,132 Impaired loans, by portfolio segment, were as follows: As of September 30, 2016 Unpaid Average Average Recorded Principal Related Recorded Recorded Investment Balance Allowance Investment(1) Investment(2) With an allowance recorded Commercial real estate $ 228,062 $ 235,152 $ 92,900 $ 0 $ 45,612 Residential real estate - 1st lien 436,191 579,182 19,000 435,802 296,316 Residential real estate - Jr lien 226,590 284,314 115,600 262,589 197,154 890,843 1,098,648 227,500 698,391 539,082 With no related allowance recorded Commercial & industrial 188,528 262,297 198,137 174,248 Commercial real estate 475,790 523,245 901,468 966,095 Residential real estate - 1st lien 628,561 729,602 918,378 742,267 Residential real estate - Jr lien 0 0 39,721 15,888 1,292,879 1,515,144 2,057,704 1,898,498 Total $ 2,183,722 $ 2,613,792 $ 227,500 $ 2,756,095 $ 2,437,580 (1) For the three months ended September 30, 2016 (2) For the nine months ended September 30, 2016 As of December 31, 2015 2015 Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded Commercial & industrial $ 0 $ 0 $ 0 $ 37,359 Commercial real estate 0 0 0 40,902 Residential real estate - 1st lien 173,788 182,251 25,100 228,273 Residential real estate - Jr lien 234,004 284,227 114,600 155,207 407,792 466,478 139,700 461,741 With no related allowance recorded Commercial & industrial 286,436 366,387 446,817 Commercial real estate 2,551,748 2,776,729 2,151,713 Residential real estate - 1st lien 1,246,020 1,460,402 973,572 Residential real estate - Jr lien 0 0 113,964 4,084,204 4,603,518 3,686,066 Total $ 4,491,996 $ 5,069,996 $ 139,700 $ 4,147,807 As of September 30, 2015 Unpaid Average Average Recorded Principal Related Recorded Recorded Investment Balance Allowance Investment(1) Investment(2) With an allowance recorded Commercial & industrial $ 0 $ 0 $ 0 $ 93,398 $ 37,359 Commercial real estate 0 0 0 0 40,902 Residential real estate - 1st lien 246,594 283,363 71,800 302,937 193,515 Residential real estate - Jr lien 236,301 284,202 115,000 152,865 108,406 482,895 567,565 186,800 549,200 380,182 With no related allowance recorded Commercial & industrial 446,928 512,552 555,057 389,530 Commercial real estate 2,526,797 2,741,550 1,976,769 1,641,363 Residential real estate - 1st lien 1,455,196 1,658,402 780,255 724,368 Residential real estate - Jr lien 0 0 120,465 113,964 4,428,921 4,912,504 3,432,546 2,869,225 Total $ 4,911,816 $ 5,480,069 $ 186,800 $ 3,981,746 $ 3,249,407 (1) For the three months ended September 30, 2015 (2) For the nine months ended September 30, 2015 Interest income recognized on impaired loans was immaterial for all periods presented. For all loan segments, the accrual of interest is discontinued when a loan is specifically determined to be impaired or when the loan is delinquent 90 days and management believes, after considering collection efforts and other factors, that the borrower's financial condition is such that collection of interest is considered by management to be doubtful. Any unpaid interest previously accrued on those loans is reversed from income. Interest income is generally not recognized on specific impaired loans unless the likelihood of further loss is considered by management to be remote. Interest payments received on impaired loans are generally applied as a reduction of the loan principal balance. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are considered by management to be reasonably assured. Credit Quality Grouping In developing the allowance for loan losses, management uses credit quality grouping to help evaluate trends in credit quality. The Company groups credit risk into Groups A, B and C. The manner the Company utilizes to assign risk grouping is driven by loan purpose. Commercial purpose loans are individually risk graded while the retail portion of the portfolio is generally grouped by delinquency pool. Group A loans - Acceptable Risk Group B loans – Management Involved Group C loans – Unacceptable Risk Commercial purpose loan ratings are assigned by the commercial account officer; for larger and more complex commercial loans, the credit rating is a collaborative assignment by the lender and the credit analyst. The credit risk rating is based on the borrower's expected performance, i.e., the likelihood that the borrower will be able to service its obligations in accordance with the loan terms. Credit risk ratings are meant to measure risk versus simply record history. Assessment of expected future payment performance requires consideration of numerous factors. While past performance is part of the overall evaluation, expected performance is based on an analysis of the borrower's financial strength, and historical and projected factors such as size and financing alternatives, capacity and cash flow, balance sheet and income statement trends, the quality and timeliness of financial reporting, and the quality of the borrower’s management. Other factors influencing the credit risk rating to a lesser degree include collateral coverage and control, guarantor strength and commitment, documentation, structure and covenants and industry conditions. There are uncertainties inherent in this process. Credit risk ratings are dynamic and require updating whenever relevant information is received. The risk ratings of larger or more complex loans, and Group B and C rated loans, are assessed at the time of their respective annual reviews, during quarterly updates, in action plans or at any other time that relevant information warrants update. Lenders are required to make immediate disclosure to the Chief Credit Officer of any known increase in loan risk, even if considered temporary in nature. The risk ratings within the loan portfolio, by segment, as of the balance sheet dates were as follows: As of September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 67,062,235 $ 179,855,087 $ 158,989,152 $ 41,124,097 $ 7,131,741 $ 454,162,312 Group B 1,551,890 3,270,984 451,736 146,896 0 5,421,506 Group C 1,177,206 7,120,519 1,836,518 468,834 0 10,603,077 Total $ 69,791,331 $ 190,246,590 $ 161,277,406 $ 41,739,827 $ 7,131,741 $ 470,186,895 As of December 31, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 59,764,081 $ 168,326,527 $ 158,834,849 $ 44,041,594 $ 7,241,224 $ 438,208,275 Group B 4,724,729 4,529,493 599,516 212,508 0 10,066,246 Group C 702,314 5,350,522 3,325,908 466,164 0 9,844,908 Total $ 65,191,124 $ 178,206,542 $ 162,760,273 $ 44,720,266 $ 7,241,224 $ 458,119,429 As of September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 65,623,508 $ 161,009,553 $ 158,003,285 $ 44,587,285 $ 7,808,505 $ 437,032,136 Group B 2,023,893 4,415,932 178,938 224,090 0 6,842,853 Group C 1,322,973 6,211,216 3,581,245 425,919 1,790 11,543,143 Total $ 68,970,374 $ 171,636,701 $ 161,763,468 $ 45,237,294 $ 7,810,295 $ 455,418,132 Modifications of Loans and TDRs A loan is classified as a TDR if, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. The Company is deemed to have granted such a concession if it has modified a troubled loan in any of the following ways: ● Reduced accrued interest; ● Reduced the original contractual interest rate to a rate that is below the current market rate for the borrower; ● Converted a variable-rate loan to a fixed-rate loan; ● Extended the term of the loan beyond an insignificant delay; ● Deferred or forgiven principal in an amount greater than three months of payments; or ● Performed a refinancing and deferred or forgiven principal on the original loan. An insignificant delay or insignificant shortfall in the amount of payments typically would not require the loan to be accounted for as a TDR. However, pursuant to regulatory guidance, any payment delay longer than three months is generally not considered insignificant. Management’s assessment of whether a concession has been granted also takes into account payments expected to be received from third parties, including third-party guarantors, provided that the third party has the ability to perform on the guarantee. The Company’s TDRs are principally a result of extending loan repayment terms to relieve cash flow difficulties. The Company has only, on a limited basis, reduced interest rates for borrowers below the current market rate for the borrower. The Company has not forgiven principal or reduced accrued interest within the terms of original restructurings, nor has it converted variable rate terms to fixed rate terms. However, the Company evaluates each TDR situation on its own merits and does not foreclose the granting of any particular type of concession. New TDRs, by portfolio segment, during the periods presented were as follows: Three months ended September 30, 2016 Nine months ended September 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Residential real estate - 1st lien 3 $ 177,182 $ 185,107 8 $ 572,418 $ 598,030 - Jr lien 0 0 0 2 62,819 64,977 Total 3 $ 177,182 $ 185,107 10 $ 635,237 $ 663,007 Year ended December 31, 2015 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Commercial & industrial 2 $ 199,134 $ 204,142 Commercial real estate 3 581,431 616,438 Residential real estate - 1st lien 12 1,229,100 1,303,228 - Jr lien 2 117,746 121,672 Total 19 $ 2,127,411 $ 2,245,480 Three months ended September 30, 2015 Nine months ended September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Commercial & industrial 0 $ 0 $ 0 3 $ 198,999 $ 198,829 Commercial real estate 2 340,960 366,048 2 340,960 366,048 Residential real estate - 1st lien 3 207,979 219,335 11 1,170,625 1,240,437 - Jr lien 0 0 0 2 117,745 121,672 Total 5 $ 548,939 $ 585,383 18 $ 1,828,329 $ 1,926,986 The TDR’s for which there was a payment default during the twelve month periods presented were as follows: Twelve months ended September 30, 2016 Number of Recorded Contracts Investment Commercial 1 $ 71,808 Commercial real estate 1 228,063 Residential real estate - 1st lien 2 94,004 Residential real estate - Jr lien 1 54,557 Total 5 $ 448,432 Year ended December 31, 2015 Number of Recorded Contracts Investment Commercial real estate 1 $ 149,514 Residential real estate - 1st lien 4 286,803 Residential real estate - Jr lien 1 69,828 Total 6 $ 506,145 Twelve months ended September 30, 2015 Number of Recorded Contracts Investment Commercial 2 $ 21,890 Residential real estate - 1st lien 3 256,348 Total 5 $ 278,238 TDRs are treated as other impaired loans and carry individual specific reserves with respect to the calculation of the allowance for loan losses. These loans are categorized as non-performing, may be past due, and are generally adversely risk rated. The TDRs that have defaulted under their restructured terms are generally in collection status and their reserve is typically calculated using the fair value of collateral method. At September 30, 2016, the specific allocation related to TDRs was approximately $5,700 compared to $25,100 at December 31, 2015. There were no specific allocations related to TDRs at September 30, 2015. As of the balance sheet dates, the Company was not contractually committed to lend additional funds to debtors with impaired or non-accrual loans. The Company is contractually committed to lend on one Small Business Administration guaranteed line of credit to a borrower whose lending relationship was previously restructured, but is no longer considered impaired for disclosure purposes.

6. Transactions with Related Pa

6. Transactions with Related Parties	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Note 6. Transactions with Related Parties	Certain Related Party Loans Some of the incumbent directors, nominees and executive officers of the Company, and some of the corporations and firms with which these individuals are associated, are customers of Community National Bank (the Bank), a subsidiary of Community Bancorp., in the ordinary course of business, or have loans outstanding from the Bank (referred to in this discussion as “related party loans”), and it is anticipated that they will continue to be customers of and indebted to the Bank in the future. All such related party loans were made in the ordinary course of business, and were made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable Bank transactions with unaffiliated persons, although directors were generally allowed the lowest interest rate given to others on comparable loans. Except as disclosed in the following paragraph, none of such related party loans represents more than the normal risk of collectability or presents other unfavorable features. As previously reported, the Bank had two loans outstanding to related commercial enterprises in which one of the Company’s Directors is a 35% non-controlling equity owner. The loans, consisting of a commercial line of credit and a commercial real estate loan, went into default during the third quarter of 2016. The Director subsequently purchased the defaulted commercial line of credit from the Bank at par plus unpaid interest. As of September 30, 2016, the real estate-secured term loan had an outstanding principal balance of $2,556,666 plus accrued interest of $7,121. The Bank believes that the value of the collateral exceeds the aggregate amount of the indebtedness and does not expect to incur a loss on the loan, with liquidation of the real estate collateral required within two years under the terms of a forbearance agreement with the borrower.

7. Goodwill and Other Intangibl

7. Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Note 7. Goodwill and Other Intangible Assets	As a result of the merger with LyndonBank on December 31, 2007, the Company recorded goodwill amounting to $11,574,269. The goodwill is not amortizable and is not deductible for tax purposes. The Company also recorded $4,161,000 of acquired identified intangible assets representing the core deposit intangible which is subject to amortization as a non-interest expense over a ten year period. The accumulated amortization expense was $3,820,139 and $3,547,444 as of September 30, 2016 and 2015, respectively. Amortization expense for the core deposit intangible for the first nine months of 2016 and 2015 was $204,525. As of September 30, 2016, the remaining annual amortization expense related to the core deposit intangible, absent any impairment, is expected to be as follows: 2016 $ 68,170 2017 272,691 Total remaining core deposit intangible $ 340,861 Management evaluates goodwill for impairment annually and the core deposit intangible for impairment if conditions warrant. As of the date of the most recent evaluation (December 31, 2015), management concluded that no impairment existed in either category.

8. Fair Value

8. Fair Value	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Note 8. Fair Value	Certain assets and liabilities are recorded at fair value to provide additional insight into the Company’s quality of earnings. The fair values of some of these assets and liabilities are measured on a recurring basis while others are measured on a non-recurring basis, with the determination based upon applicable existing accounting pronouncements. For example, securities available-for-sale are recorded at fair value on a recurring basis. Other assets, such as mortgage servicing rights, loans held-for-sale, impaired loans, and OREO, are recorded at fair value on a non-recurring basis using the lower of cost or market methodology to determine impairment of individual assets. The Company groups assets and liabilities which are recorded at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement (with Level 1 considered highest and Level 3 considered lowest). A brief description of each level follows. Level 1 Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as U.S. Treasury, other U.S. Government debt securities that are highly liquid and are actively traded in over-the-counter markets. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets and 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 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes mortgage servicing rights, impaired loans and OREO. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The following methods and assumptions were used by the Company in estimating its fair value measurements and disclosures: Cash and cash equivalents: Securities available-for-sale and held-to-maturity: Restricted equity securities: Loans and loans held-for-sale: The fair value of loans held-for-sale is based upon an actual purchase and sale agreement between the Company and an independent market participant. The sale is executed within a reasonable period following quarter end at the stated fair value. Mortgage servicing rights: OREO: Deposits, federal funds purchased and borrowed funds: Capital lease obligations: Junior subordinated debentures: Accrued interest: Off-balance-sheet credit related instruments: FASB Accounting Standards Codification Topic 825, “Financial Instruments”, requires disclosures of fair value information about financial instruments, whether or not recognized in the balance sheet, if the fair values can be reasonably determined. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques using observable inputs when available. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Topic 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Assets and Liabilities Recorded at Fair Value on a Recurring Basis Assets measured at fair value on a recurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy, are summarized below: September 30, 2016 Level 2 Assets: (market approach) U.S. GSE debt securities $ 13,843,494 Agency MBS 12,526,616 Other investments 3,042,106 Total $ 29,412,216 December 31, 2015 Level 2 Assets: (market approach) U.S. GSE debt securities $ 12,832,443 Agency MBS 10,664,484 Other investments 2,973,473 Total $ 26,470,400 September 30, 2015 Level 1 Level 2 Assets: (market approach) U.S. GSE debt securities $ 0 $ 13,947,470 U.S. Government securities 3,002,969 0 Agency MBS 0 11,198,361 Other investments 0 2,236,442 Total $ 3,002,969 $ 27,382,273 There were no transfers of assets between Levels during any of the periods presented. There were no Level 1 assets or liabilities measured on a recurring basis as of September 30, 2016 or December 31, 2015, and there were no Level 3 assets or liabilities measured on a recurring basis as of any of the balance sheet dates presented. Assets and Liabilities Recorded at Fair Value on a Non-Recurring Basis The following table includes assets measured at fair value on a non-recurring basis that have had a fair value adjustment since their initial recognition. Impaired loans measured at fair value only include impaired loans with a related specific allowance for loan losses and are presented net of specific allowances as disclosed in Note 5. Assets measured at fair value on a non-recurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy, are summarized below: September 30, 2016 Level 2 Assets: (market approach) Residential mortgage servicing rights $ 1,215,311 Impaired loans, net of related allowance 663,343 OREO 409,000 December 31, 2015 Assets: (market approach) Residential mortgage servicing rights $ 1,293,079 Impaired loans, net of related allowance 268,092 OREO 262,000 September 30, 2015 Assets: (market approach) Residential mortgage servicing rights $ 1,296,249 Impaired loans, net of related allowance 296,095 OREO 1,058,475 There were no Level 1 or Level 3 assets or liabilities measured on a non-recurring basis as of the balance sheet dates presented. The estimated fair values of commitments to extend credit and letters of credit were immaterial as of the dates presented in the tables below. The estimated fair values of the Company's financial instruments were as follows: September 30, 2016 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 12,380 $ 12,380 $ 0 $ 0 $ 12,380 Securities held-to-maturity 56,837 0 57,592 0 57,592 Securities available-for-sale 29,412 0 29,412 0 29,412 Restricted equity securities 1,856 0 1,856 0 1,856 Loans and loans held-for-sale Commercial & industrial 68,978 0 189 69,957 70,146 Commercial real estate 187,783 0 611 192,329 192,940 Residential real estate - 1st lien 160,552 0 1,046 163,770 164,816 Residential real estate - Jr lien 41,334 0 111 41,826 41,937 Consumer 7,069 0 0 7,358 7,358 Mortgage servicing rights 1,215 0 1,333 0 1,333 Accrued interest receivable 1,650 0 1,650 0 1,650 Financial liabilities: Deposits Other deposits 470,587 0 470,785 0 470,785 Brokered deposits 33,220 0 33,223 0 33,223 Federal funds purchased and short-term borrowings 5,245 0 5,245 0 5,245 Long-term borrowings 550 0 503 0 503 Repurchase agreements 25,834 0 25,834 0 25,834 Capital lease obligations 494 0 494 0 494 Subordinated debentures 12,887 0 12,852 0 12,852 Accrued interest payable 44 0 44 0 44 December 31, 2015 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 28,852 $ 28,852 $ 0 $ 0 $ 28,852 Securities held-to-maturity 43,354 0 44,143 0 44,143 Securities available-for-sale 26,470 0 26,470 0 26,470 Restricted equity securities 2,442 0 2,442 0 2,442 Loans and loans held-for-sale Commercial & industrial 64,438 0 286 65,399 65,685 Commercial real estate 175,945 0 2,552 178,502 181,054 Residential real estate - 1st lien 162,492 0 1,395 164,959 166,354 Residential real estate - Jr lien 44,270 0 119 44,939 45,058 Consumer 7,161 0 0 7,482 7,482 Mortgage servicing rights 1,293 0 1,497 0 1,497 Accrued interest receivable 1,633 0 1,633 0 1,633 Financial liabilities: Deposits Other deposits 467,851 0 467,514 0 467,514 Brokered deposits 27,635 0 27,640 0 27,640 Federal funds purchased and short-term borrowings 10,000 0 10,000 0 10,000 Repurchase agreements 22,073 0 22,073 0 22,073 Capital lease obligations 558 0 558 0 558 Subordinated debentures 12,887 0 12,851 0 12,851 Accrued interest payable 53 0 53 0 53 September 30, 2015 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 14,739 $ 14,739 $ 0 $ 0 $ 14,739 Securities held-to-maturity 47,658 0 48,011 0 48,011 Securities available-for-sale 30,385 3,003 27,382 0 30,385 Restricted equity securities 3,332 0 3,332 0 3,332 Loans and loans held-for-sale Commercial & industrial 68,190 0 447 69,224 69,671 Commercial real estate 169,476 0 2,527 172,871 175,398 Residential real estate - 1st lien 161,427 0 1,630 164,495 166,125 Residential real estate - Jr lien 44,774 0 121 45,526 45,647 Consumer 7,734 0 0 8,090 8,090 Mortgage servicing rights 1,296 0 1,474 0 1,474 Accrued interest receivable 1,687 0 1,687 0 1,687 Financial liabilities: Deposits Other deposits 458,674 0 458,796 0 458,796 Brokered deposits 20,334 0 20,349 0 20,349 Federal funds purchased and short-term borrowings 20,000 0 20,000 0 20,000 Repurchase agreements 21,977 0 21,977 0 21,977 Capital lease obligations 579 0 579 0 579 Subordinated debentures 12,887 0 12,857 0 12,857 Accrued interest payable 51 0 51 0 51

9. Loan Servicing

9. Loan Servicing	9 Months Ended
	Sep. 30, 2016
Transfers and Servicing of Financial Assets [Abstract]
Note 9. Loan Servicing	The following table shows the changes in the carrying amount of the mortgage servicing rights, included in other assets in the consolidated balance sheets, for the periods indicated: Nine Months Ended Year Ended Nine Months Ended September 30, 2016 December 31, 2015 September 30, 2015 Balance at beginning of year $ 1,293,079 $ 1,311,965 $ 1,311,965 Mortgage servicing rights capitalized 152,900 230,818 177,090 Mortgage servicing rights amortized (208,706 ) (257,921 ) (195,363 ) Change in valuation allowance (21,962 ) 8,217 2,557 Balance at end of period $ 1,215,311 $ 1,293,079 $ 1,296,249

10. Legal Proceedings

10. Legal Proceedings	9 Months Ended
	Sep. 30, 2016
Legal Proceedings
Note 10. Legal Proceedings	In the normal course of business, the Company and its subsidiary are involved in litigation that is considered incidental to their business. Management does not expect that any such litigation will be material to the Company's consolidated financial condition or results of operations.

11. Subsequent Event

11. Subsequent Event	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Note 11. Subsequent Event	The Company has evaluated events and transactions through the date that the financial statements were issued for potential recognition or disclosure in these financial statements, as required by U.S. GAAP. On September 27, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per common share payable November 1, 2016 to shareholders of record as of October 15, 2016. This dividend, amounting to $804,306, was accrued at September 30, 2016.

1. Basis of Presentation and 18

1. Basis of Presentation and Consolidation (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	The interim consolidated financial statements of Community Bancorp. and Subsidiary are unaudited. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments necessary for the fair presentation of the financial condition and results of operations of the Company contained herein have been made. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2015 contained in the Company's Annual Report on Form 10-K. The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for the full annual period ending December 31, 2016, or for any other interim period. Certain amounts in the 2015 unaudited consolidated income statements have been reclassified to conform to the 2016 presentation. Reclassifications had no effect on prior period net income or shareholders’ equity.
Recent Accounting Developments	In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments A modified version of these requirements also applies to debt securities classified as available for sale. T h e ASU i s effec ti ve for fisca l years be g inn i n g aft er De c ember 15, 2019, in c lu d ing in teri m p e rio ds w i t hin t ho se fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within such years. The Company is evaluating the impact

3. Earnings per Common Share (T

3. Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	Three Months Ended September 30, 2016 2015 Net income, as reported $ 1,515,900 $ 1,439,822 Less: dividends to preferred shareholders 21,875 20,313 Net income available to common shareholders $ 1,494,025 $ 1,419,509 Weighted average number of common shares used in calculating earnings per share 5,032,156 4,969,425 Earnings per common share $ 0.30 $ 0.29 Nine Months Ended September 30, 2016 2015 Net income, as reported $ 3,980,593 $ 3,627,366 Less: dividends to preferred shareholders 65,625 60,938 Net income available to common shareholders $ 3,914,968 $ 3,566,428 Weighted average number of common shares used in calculating earnings per share 5,016,191 4,954,381 Earnings per common share $ 0.78 $ 0.72

4. Investment Securities (Table

4. Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investment Securities
Schedule Of Available For Sale Securities	Gross Gross Amortized Unrealized Unrealized Fair Securities AFS Cost Gains Losses Value September 30, 2016 U.S. Government sponsored enterprise (GSE) debt securities $ 13,751,867 $ 96,874 $ 5,247 $ 13,843,494 Agency mortgage-backed securities (Agency MBS) 12,380,416 164,771 18,571 12,526,616 Other investments 2,973,000 69,106 0 3,042,106 $ 29,105,283 $ 330,751 $ 23,818 $ 29,412,216 December 31, 2015 U.S. GSE debt securities $ 12,832,059 $ 22,523 $ 22,139 $ 12,832,443 Agency MBS 10,734,121 0 69,637 10,664,484 Other investments 2,973,000 5,046 4,573 2,973,473 $ 26,539,180 $ 27,569 $ 96,349 $ 26,470,400 September 30, 2015 U.S. GSE debt securities $ 13,846,756 $ 100,714 $ 0 $ 13,947,470 U.S. Government securities 2,988,369 14,600 0 3,002,969 Agency MBS 11,175,344 31,719 8,702 11,198,361 Other investments 2,229,000 8,040 598 2,236,442 $ 30,239,469 $ 155,073 $ 9,300 $ 30,385,242
Schedule Of Held to Maturity Securities	Gross Gross Amortized Unrealized Unrealized Fair Securities HTM Cost Gains Losses Value* September 30, 2016 States and political subdivisions $ 56,837,100 $ 754,900 $ 0 $ 57,592,000 December 31, 2015 States and political subdivisions $ 43,354,419 $ 788,581 $ 0 $ 44,143,000 September 30, 2015 States and political subdivisions $ 47,657,894 $ 353,106 $ 0 $ 48,011,000
Schedule of Maturities of Debt Securities Available for Sale	Amortized Fair Cost Value September 30, 2016 Due in one year or less $ 1,000,000 $ 1,001,865 Due from one to five years 14,479,867 14,630,210 Due from five to ten years 1,245,000 1,253,525 Agency MBS 12,380,416 12,526,616 $ 29,105,283 $ 29,412,216 December 31, 2015 Due in one year or less $ 3,077,544 $ 3,086,317 Due from one to five years 12,482,515 12,474,599 Due from five to ten years 245,000 245,000 Agency MBS 10,734,121 10,664,484 $ 26,539,180 $ 26,470,400 September 30, 2015 Due in one year or less $ 5,095,683 $ 5,111,128 Due from one to five years 13,723,442 13,828,303 Due from five to ten years 245,000 247,450 Agency MBS 11,175,344 11,198,361 $ 30,239,469 $ 30,385,242
Schedule Of Maturities of Debt Securities Held to Maturity	Amortized Fair Cost Value* September 30, 2016 Due in one year or less $ 35,141,204 $ 35,141,000 Due from one to five years 4,029,095 4,218,000 Due from five to ten years 3,430,921 3,620,000 Due after ten years 14,235,880 14,613,000 $ 56,837,100 $ 57,592,000 December 31, 2015 Due in one year or less $ 27,731,133 $ 27,731,000 Due from one to five years 4,015,553 4,213,000 Due from five to ten years 3,149,531 3,347,000 Due after ten years 8,458,202 8,852,000 $ 43,354,419 $ 44,143,000 September 30, 2015 Due in one year or less $ 34,954,587 $ 34,955,000 Due from one to five years 4,436,462 4,524,000 Due from five to ten years 1,856,522 1,945,000 Due after ten years 6,410,323 6,587,000 $ 47,657,894 $ 48,011,000
Schedule Of Unrealized Loss	Less than 12 months Total Fair Unrealized Fair Unrealized Value Loss Value Loss September 30, 2016 U.S. GSE debt securities $ 1,994,753 $ 5,247 $ 1,994,753 $ 5,247 Agency MBS 2,054,035 18,571 2,054,035 18,571 $ 4,048,788 $ 23,818 $ 4,048,788 $ 23,818 December 31, 2015 U.S. GSE debt securities $ 6,243,373 $ 22,139 $ 6,243,373 $ 22,139 Agency MBS 10,664,484 69,637 10,664,484 69,637 Other investments 1,483,427 4,573 1,483,427 4,573 $ 18,391,284 $ 96,349 $ 18,391,284 $ 96,349 September 30, 2015 Agency MBS $ 4,191,984 $ 8,702 $ 4,191,984 $ 8,702 Other investments 495,402 598 495,402 598 $ 4,687,386 $ 9,300 $ 4,687,386 $ 9,300

5. Loans, Allowance for Loan 21

5. Loans, Allowance for Loan Losses and Credit Quality (Tables)	9 Months Ended
	Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Composition of net loans	September 30, December 31, September 30, 2016 2015 2015 Commercial & industrial $ 69,791,331 $ 65,191,124 $ 68,970,374 Commercial real estate 190,246,590 178,206,542 171,636,701 Residential real estate - 1st lien 161,277,406 162,760,273 161,763,468 Residential real estate - Junior (Jr) lien 41,739,827 44,720,266 45,237,294 Consumer 7,131,741 7,241,224 7,810,295 Gross Loans 470,186,895 458,119,429 455,418,132 Deduct (add): Allowance for loan losses 5,179,965 5,011,878 5,015,987 Deferred net loan costs (312,565 ) (316,491 ) (308,189 ) Net Loans $ 465,319,495 $ 453,424,042 $ 450,710,334
Past due loans by segment	90 Days or 90 Days Total Non-Accrual More September 30, 2016 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 236,510 $ 116,720 $ 353,230 $ 69,438,101 $ 69,791,331 $ 205,358 $ 116,720 Commercial real estate 655,874 249,749 905,623 189,340,967 190,246,590 759,332 227,302 Residential real estate - 1st lien 1,837,612 1,005,342 2,842,954 158,434,452 161,277,406 1,289,968 744,379 - Jr lien 203,174 91,420 294,594 41,445,233 41,739,827 343,766 91,420 Consumer 66,776 0 66,776 7,064,965 7,131,741 0 0 Total $ 2,999,946 $ 1,463,231 $ 4,463,177 $ 465,723,718 $ 470,186,895 $ 2,598,424 $ 1,179,821 90 Days or 90 Days Total Non-Accrual More December 31, 2015 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 224,997 $ 168,244 $ 393,241 $ 64,797,883 $ 65,191,124 $ 441,103 $ 13,556 Commercial real estate 888,994 560,439 1,449,433 176,757,109 178,206,542 2,400,757 45,356 Residential real estate - 1st lien 2,875,768 1,408,551 4,284,319 158,475,954 162,760,273 2,009,079 801,241 - Jr lien 521,373 63,031 584,404 44,135,862 44,720,266 386,132 63,031 Consumer 83,343 0 83,343 7,157,881 7,241,224 0 0 Total $ 4,594,475 $ 2,200,265 $ 6,794,740 $ 451,324,689 $ 458,119,429 $ 5,237,071 $ 923,184 90 Days or 90 Days Total Non-Accrual More September 30, 2015 30-89 Days or More Past Due Current Total Loans Loans and Accruing Commercial & industrial $ 98,272 $ 254,837 $ 353,109 $ 68,617,265 $ 68,970,374 $ 631,247 $ 0 Commercial real estate 666,897 515,083 1,181,980 170,454,721 171,636,701 2,377,232 0 Residential real estate - 1st lien 1,873,326 1,062,526 2,935,852 158,827,616 161,763,468 2,240,524 348,353 - Jr lien 248,648 111,849 360,497 44,876,797 45,237,294 351,805 67,811 Consumer 53,090 1,791 54,881 7,755,414 7,810,295 0 1,791 Total $ 2,940,233 $ 1,946,086 $ 4,886,319 $ 450,531,813 $ 455,418,132 $ 5,600,808 $ 417,955
Changes in the allowance for loan losses	As of or for the three months ended September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 825,242 $ 2,316,966 $ 1,294,272 $ 414,082 $ 80,560 $ 146,298 $ 5,077,420 Charge-offs (1,358 ) 0 (42,000 ) 0 (14,438 ) 0 (57,796 ) Recoveries 2,174 0 3,974 60 4,133 0 10,341 Provision (credit) (54,384 ) 34,435 82,396 (32,861 ) (11,915 ) 132,329 150,000 Ending balance $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 As of or for the nine months ended September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Charge-offs (12,194 ) 0 (234,549 ) 0 (38,412 ) 0 (285,155 ) Recoveries 22,650 0 9,660 180 20,752 0 53,242 Provision (credit) 48,316 198,723 195,503 (41,721 ) 311 (1,132 ) 400,000 Ending balance $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 92,900 $ 19,000 $ 115,600 $ 0 $ 0 $ 227,500 Collectively 771,674 2,258,501 1,319,642 265,681 58,340 278,627 4,952,465 Total $ 771,674 $ 2,351,401 $ 1,338,642 $ 381,281 $ 58,340 $ 278,627 $ 5,179,965 Loans evaluated for impairment Individually $ 188,528 $ 703,852 $ 1,064,752 $ 226,590 $ 0 $ 2,183,722 Collectively 69,602,803 189,542,738 160,212,654 41,513,237 7,131,741 468,003,173 Total $ 69,791,331 $ 190,246,590 $ 161,277,406 $ 41,739,827 $ 7,131,741 $ 470,186,895 As of or for the year ended December 31, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 646,719 $ 2,311,936 $ 1,270,766 $ 321,099 $ 118,819 $ 236,535 $ 4,905,874 Charge-offs (200,900 ) (14,783 ) (150,947 ) (66,104 ) (69,632 ) 0 (502,366 ) Recoveries 59,264 0 6,042 240 32,824 0 98,370 Provision (credit) 207,819 (144,475 ) 242,167 167,587 (6,322 ) 43,224 510,000 Ending balance $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 0 $ 25,100 $ 114,600 $ 0 $ 0 $ 139,700 Collectively 712,902 2,152,678 1,342,928 308,222 75,689 279,759 4,872,178 Total $ 712,902 $ 2,152,678 $ 1,368,028 $ 422,822 $ 75,689 $ 279,759 $ 5,011,878 Loans evaluated for impairment Individually $ 286,436 $ 2,551,748 $ 1,419,808 $ 234,004 $ 0 $ 4,491,996 Collectively 64,904,688 175,654,794 161,340,465 44,486,262 7,241,224 453,627,433 Total $ 65,191,124 $ 178,206,542 $ 162,760,273 $ 44,720,266 $ 7,241,224 $ 458,119,429 As of or for the three months ended September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 881,094 $ 1,984,559 $ 1,358,504 $ 352,125 $ 63,813 $ 455,117 $ 5,095,212 Charge-offs (70,000 ) (14,783 ) (17,473 ) (35,194 ) (25,334 ) 0 (162,784 ) Recoveries 997 0 0 60 7,502 0 8,559 Provision (credit) (91,246 ) 45,039 57,167 106,934 23,350 (66,244 ) 75,000 Ending balance $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 As of or for the nine months ended September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Unallocated Total Allowance for loan losses Beginning balance $ 646,719 $ 2,311,936 $ 1,270,766 $ 321,099 $ 118,819 $ 236,535 $ 4,905,874 Charge-offs (105,059 ) (14,783 ) (112,047 ) (55,393 ) (53,440 ) 0 (340,722 ) Recoveries 43,909 0 6,042 180 25,704 0 75,835 Provision (credit) 135,276 (282,338 ) 233,437 158,039 (21,752 ) 152,338 375,000 Ending balance $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 Allowance for loan losses Evaluated for impairment Individually $ 0 $ 0 $ 71,800 $ 115,000 $ 0 $ 0 $ 186,800 Collectively 720,845 2,014,815 1,326,398 308,925 69,331 388,873 4,829,187 Total $ 720,845 $ 2,014,815 $ 1,398,198 $ 423,925 $ 69,331 $ 388,873 $ 5,015,987 Loans evaluated for impairment Individually $ 446,928 $ 2,526,797 $ 1,701,790 $ 236,301 $ 0 $ 4,911,816 Collectively 68,523,446 169,109,904 160,061,678 45,000,993 7,810,295 450,506,316 Total $ 68,970,374 $ 171,636,701 $ 161,763,468 $ 45,237,294 $ 7,810,295 $ 455,418,132
Impaired loans by segment	As of September 30, 2016 Unpaid Average Average Recorded Principal Related Recorded Recorded Investment Balance Allowance Investment(1) Investment(2) With an allowance recorded Commercial real estate $ 228,062 $ 235,152 $ 92,900 $ 0 $ 45,612 Residential real estate - 1st lien 436,191 579,182 19,000 435,802 296,316 Residential real estate - Jr lien 226,590 284,314 115,600 262,589 197,154 890,843 1,098,648 227,500 698,391 539,082 With no related allowance recorded Commercial & industrial 188,528 262,297 198,137 174,248 Commercial real estate 475,790 523,245 901,468 966,095 Residential real estate - 1st lien 628,561 729,602 918,378 742,267 Residential real estate - Jr lien 0 0 39,721 15,888 1,292,879 1,515,144 2,057,704 1,898,498 Total $ 2,183,722 $ 2,613,792 $ 227,500 $ 2,756,095 $ 2,437,580 (1) For the three months ended September 30, 2016 (2) For the nine months ended September 30, 2016 As of December 31, 2015 2015 Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded Commercial & industrial $ 0 $ 0 $ 0 $ 37,359 Commercial real estate 0 0 0 40,902 Residential real estate - 1st lien 173,788 182,251 25,100 228,273 Residential real estate - Jr lien 234,004 284,227 114,600 155,207 407,792 466,478 139,700 461,741 With no related allowance recorded Commercial & industrial 286,436 366,387 446,817 Commercial real estate 2,551,748 2,776,729 2,151,713 Residential real estate - 1st lien 1,246,020 1,460,402 973,572 Residential real estate - Jr lien 0 0 113,964 4,084,204 4,603,518 3,686,066 Total $ 4,491,996 $ 5,069,996 $ 139,700 $ 4,147,807 As of September 30, 2015 Unpaid Average Average Recorded Principal Related Recorded Recorded Investment Balance Allowance Investment(1) Investment(2) With an allowance recorded Commercial & industrial $ 0 $ 0 $ 0 $ 93,398 $ 37,359 Commercial real estate 0 0 0 0 40,902 Residential real estate - 1st lien 246,594 283,363 71,800 302,937 193,515 Residential real estate - Jr lien 236,301 284,202 115,000 152,865 108,406 482,895 567,565 186,800 549,200 380,182 With no related allowance recorded Commercial & industrial 446,928 512,552 555,057 389,530 Commercial real estate 2,526,797 2,741,550 1,976,769 1,641,363 Residential real estate - 1st lien 1,455,196 1,658,402 780,255 724,368 Residential real estate - Jr lien 0 0 120,465 113,964 4,428,921 4,912,504 3,432,546 2,869,225 Total $ 4,911,816 $ 5,480,069 $ 186,800 $ 3,981,746 $ 3,249,407 (1) For the three months ended September 30, 2015 (2) For the nine months ended September 30, 2015
Risk ratings	As of September 30, 2016 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 67,062,235 $ 179,855,087 $ 158,989,152 $ 41,124,097 $ 7,131,741 $ 454,162,312 Group B 1,551,890 3,270,984 451,736 146,896 0 5,421,506 Group C 1,177,206 7,120,519 1,836,518 468,834 0 10,603,077 Total $ 69,791,331 $ 190,246,590 $ 161,277,406 $ 41,739,827 $ 7,131,741 $ 470,186,895 As of December 31, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 59,764,081 $ 168,326,527 $ 158,834,849 $ 44,041,594 $ 7,241,224 $ 438,208,275 Group B 4,724,729 4,529,493 599,516 212,508 0 10,066,246 Group C 702,314 5,350,522 3,325,908 466,164 0 9,844,908 Total $ 65,191,124 $ 178,206,542 $ 162,760,273 $ 44,720,266 $ 7,241,224 $ 458,119,429 As of September 30, 2015 Residential Residential Commercial Commercial Real Estate Real Estate & Industrial Real Estate 1st Lien Jr Lien Consumer Total Group A $ 65,623,508 $ 161,009,553 $ 158,003,285 $ 44,587,285 $ 7,808,505 $ 437,032,136 Group B 2,023,893 4,415,932 178,938 224,090 0 6,842,853 Group C 1,322,973 6,211,216 3,581,245 425,919 1,790 11,543,143 Total $ 68,970,374 $ 171,636,701 $ 161,763,468 $ 45,237,294 $ 7,810,295 $ 455,418,132
Loans modified as TDRs	Three months ended September 30, 2016 Nine months ended September 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Residential real estate - 1st lien 3 $ 177,182 $ 185,107 8 $ 572,418 $ 598,030 - Jr lien 0 0 0 2 62,819 64,977 Total 3 $ 177,182 $ 185,107 10 $ 635,237 $ 663,007 Year ended December 31, 2015 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Commercial & industrial 2 $ 199,134 $ 204,142 Commercial real estate 3 581,431 616,438 Residential real estate - 1st lien 12 1,229,100 1,303,228 - Jr lien 2 117,746 121,672 Total 19 $ 2,127,411 $ 2,245,480 Three months ended September 30, 2015 Nine months ended September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Commercial & industrial 0 $ 0 $ 0 3 $ 198,999 $ 198,829 Commercial real estate 2 340,960 366,048 2 340,960 366,048 Residential real estate - 1st lien 3 207,979 219,335 11 1,170,625 1,240,437 - Jr lien 0 0 0 2 117,745 121,672 Total 5 $ 548,939 $ 585,383 18 $ 1,828,329 $ 1,926,986
TDRs payment default	Twelve months ended September 30, 2016 Number of Recorded Contracts Investment Commercial 1 $ 71,808 Commercial real estate 1 228,063 Residential real estate - 1st lien 2 94,004 Residential real estate - Jr lien 1 54,557 Total 5 $ 448,432 Year ended December 31, 2015 Number of Recorded Contracts Investment Commercial real estate 1 $ 149,514 Residential real estate - 1st lien 4 286,803 Residential real estate - Jr lien 1 69,828 Total 6 $ 506,145 Twelve months ended September 30, 2015 Number of Recorded Contracts Investment Commercial 2 $ 21,890 Residential real estate - 1st lien 3 256,348 Total 5 $ 278,238

7. Goodwill and Other Intangi22

7. Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Future Amortization Expense	2016 $ 68,170 2017 272,691 Total remaining core deposit intangible $ 340,861

8. Fair Value (Tables)

8. Fair Value (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Assets and Liabilities On Recurring Basis	September 30, 2016 Level 2 Assets: (market approach) U.S. GSE debt securities $ 13,843,494 Agency MBS 12,526,616 Other investments 3,042,106 Total $ 29,412,216 December 31, 2015 Level 2 Assets: (market approach) U.S. GSE debt securities $ 12,832,443 Agency MBS 10,664,484 Other investments 2,973,473 Total $ 26,470,400 September 30, 2015 Level 1 Level 2 Assets: (market approach) U.S. GSE debt securities $ 0 $ 13,947,470 U.S. Government securities 3,002,969 0 Agency MBS 0 11,198,361 Other investments 0 2,236,442 Total $ 3,002,969 $ 27,382,273
Schedule of Fair Value Assets and Liabilities Non-recurring Basis	September 30, 2016 Level 2 Assets: (market approach) Residential mortgage servicing rights $ 1,215,311 Impaired loans, net of related allowance 663,343 OREO 409,000 December 31, 2015 Assets: (market approach) Residential mortgage servicing rights $ 1,293,079 Impaired loans, net of related allowance 268,092 OREO 262,000 September 30, 2015 Assets: (market approach) Residential mortgage servicing rights $ 1,296,249 Impaired loans, net of related allowance 296,095 OREO 1,058,475
Schedule Of Estimated Fair Values Of Financial Instruments	September 30, 2016 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 12,380 $ 12,380 $ 0 $ 0 $ 12,380 Securities held-to-maturity 56,837 0 57,592 0 57,592 Securities available-for-sale 29,412 0 29,412 0 29,412 Restricted equity securities 1,856 0 1,856 0 1,856 Loans and loans held-for-sale Commercial & industrial 68,978 0 189 69,957 70,146 Commercial real estate 187,783 0 611 192,329 192,940 Residential real estate - 1st lien 160,552 0 1,046 163,770 164,816 Residential real estate - Jr lien 41,334 0 111 41,826 41,937 Consumer 7,069 0 0 7,358 7,358 Mortgage servicing rights 1,215 0 1,333 0 1,333 Accrued interest receivable 1,650 0 1,650 0 1,650 Financial liabilities: Deposits Other deposits 470,587 0 470,785 0 470,785 Brokered deposits 33,220 0 33,223 0 33,223 Federal funds purchased and short-term borrowings 5,245 0 5,245 0 5,245 Long-term borrowings 550 0 503 0 503 Repurchase agreements 25,834 0 25,834 0 25,834 Capital lease obligations 494 0 494 0 494 Subordinated debentures 12,887 0 12,852 0 12,852 Accrued interest payable 44 0 44 0 44 December 31, 2015 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 28,852 $ 28,852 $ 0 $ 0 $ 28,852 Securities held-to-maturity 43,354 0 44,143 0 44,143 Securities available-for-sale 26,470 0 26,470 0 26,470 Restricted equity securities 2,442 0 2,442 0 2,442 Loans and loans held-for-sale Commercial & industrial 64,438 0 286 65,399 65,685 Commercial real estate 175,945 0 2,552 178,502 181,054 Residential real estate - 1st lien 162,492 0 1,395 164,959 166,354 Residential real estate - Jr lien 44,270 0 119 44,939 45,058 Consumer 7,161 0 0 7,482 7,482 Mortgage servicing rights 1,293 0 1,497 0 1,497 Accrued interest receivable 1,633 0 1,633 0 1,633 Financial liabilities: Deposits Other deposits 467,851 0 467,514 0 467,514 Brokered deposits 27,635 0 27,640 0 27,640 Federal funds purchased and short-term borrowings 10,000 0 10,000 0 10,000 Repurchase agreements 22,073 0 22,073 0 22,073 Capital lease obligations 558 0 558 0 558 Subordinated debentures 12,887 0 12,851 0 12,851 Accrued interest payable 53 0 53 0 53 September 30, 2015 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 14,739 $ 14,739 $ 0 $ 0 $ 14,739 Securities held-to-maturity 47,658 0 48,011 0 48,011 Securities available-for-sale 30,385 3,003 27,382 0 30,385 Restricted equity securities 3,332 0 3,332 0 3,332 Loans and loans held-for-sale Commercial & industrial 68,190 0 447 69,224 69,671 Commercial real estate 169,476 0 2,527 172,871 175,398 Residential real estate - 1st lien 161,427 0 1,630 164,495 166,125 Residential real estate - Jr lien 44,774 0 121 45,526 45,647 Consumer 7,734 0 0 8,090 8,090 Mortgage servicing rights 1,296 0 1,474 0 1,474 Accrued interest receivable 1,687 0 1,687 0 1,687 Financial liabilities: Deposits Other deposits 458,674 0 458,796 0 458,796 Brokered deposits 20,334 0 20,349 0 20,349 Federal funds purchased and short-term borrowings 20,000 0 20,000 0 20,000 Repurchase agreements 21,977 0 21,977 0 21,977 Capital lease obligations 579 0 579 0 579 Subordinated debentures 12,887 0 12,857 0 12,857 Accrued interest payable 51 0 51 0 51

9. Loan Servicing (Tables)

9. Loan Servicing (Tables)	9 Months Ended
	Sep. 30, 2016
Transfers and Servicing of Financial Assets [Abstract]
Schedule Of Mortgage Servicing Rights	Nine Months Ended Year Ended Nine Months Ended September 30, 2016 December 31, 2015 September 30, 2015 Balance at beginning of year $ 1,293,079 $ 1,311,965 $ 1,311,965 Mortgage servicing rights capitalized 152,900 230,818 177,090 Mortgage servicing rights amortized (208,706 ) (257,921 ) (195,363 ) Change in valuation allowance (21,962 ) 8,217 2,557 Balance at end of period $ 1,215,311 $ 1,293,079 $ 1,296,249

3. Earnings per Common Share (D

3. Earnings per Common Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income, as reported	$ 1,515,900	$ 1,439,822	$ 3,980,593	$ 3,627,366
Less: dividends to preferred shareholders	21,875	20,313	65,625	60,938
Net income available to common shareholders	$ 1,494,025	$ 1,419,509	$ 3,914,968	$ 3,566,428
Weighted average number of common shares used in calculating earnings per share	5,032,156	4,969,425	5,016,191	4,954,381
Earnings per common share	$ 0.3	$ 0.29	$ 0.78	$ 0.72

4. Investment Securities (Detai

4. Investment Securities (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Available for sale Securities
Amortized Cost - Available for sale Securities	$ 29,105,283	$ 30,239,469	$ 26,539,180
Gross Unrealized Gains - Available for sale Securities	330,751	155,073	27,569
Gross Unrealized Losses - Available for sale Securities	23,818	9,300	96,349
Fair Value - Available for sale Securities	29,412,216	30,385,242	26,470,400
U.S. GSE debt securities
Available for sale Securities
Amortized Cost - Available for sale Securities	13,751,867	13,846,756	12,832,059
Gross Unrealized Gains - Available for sale Securities	96,874	100,714	22,523
Gross Unrealized Losses - Available for sale Securities	5,247	0	22,139
Fair Value - Available for sale Securities	13,843,494	13,947,470	12,832,443
Agency mortgage-backed securities (Agency MBS)
Available for sale Securities
Amortized Cost - Available for sale Securities	12,380,416	11,175,344	10,734,121
Gross Unrealized Gains - Available for sale Securities	164,771	31,719	0
Gross Unrealized Losses - Available for sale Securities	18,571	8,702	69,637
Fair Value - Available for sale Securities	12,526,616	11,198,361	10,664,484
Other investments
Available for sale Securities
Amortized Cost - Available for sale Securities	2,973,000	2,229,000	2,973,000
Gross Unrealized Gains - Available for sale Securities	69,106	8,040	5,046
Gross Unrealized Losses - Available for sale Securities	0	598	4,573
Fair Value - Available for sale Securities	$ 3,042,106	2,236,442	$ 2,973,473
U.S. Government securities
Available for sale Securities
Amortized Cost - Available for sale Securities		2,988,369
Gross Unrealized Gains - Available for sale Securities		14,600
Gross Unrealized Losses - Available for sale Securities		0
Fair Value - Available for sale Securities		$ 3,002,969

4. Investment Securities (Det27

4. Investment Securities (Details 1) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Held-to-Maturity Securities
Fair Value - Held-to-Maturity	$ 57,592,000	$ 48,011,000	$ 44,143,000
States and political subdivisions [Member]
Held-to-Maturity Securities
Amortized Cost - Held-to-Maturity	56,837,100	47,657,894	43,354,419
Gross Unrealized Gains - Held-to-Maturity	754,900	353,106	788,581
Gross Unrealized Losses - Held-to-Maturity	0	0	0
Fair Value - Held-to-Maturity	$ 57,592,000	$ 48,011,000	$ 44,143,000

4. Investment Securities (Det28

4. Investment Securities (Details 2) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Available for sale Securities
Amortized Cost
Due in one year or less, Amortized Cost	$ 1,000,000	$ 3,077,544	$ 5,095,683
Due from one to five years, Amortized Cost	14,479,867	12,482,515	13,723,442
Due from five to ten years	1,245,000	245,000	245,000
Agency MBS	12,380,416	10,734,121	11,175,344
Amortization Cost of Debt	29,105,283	26,539,180	30,239,469
Fair Value
Due in one year or less, fair value	1,001,865	3,086,317	5,111,128
Due from one to five years, fair value	14,630,210	12,474,599	13,828,303
Due from five to ten years, fair value	1,253,525	245,000	247,450
Agency MBS*	12,526,616	10,664,484	11,198,361
Due after ten years, fair value	29,412,216	26,470,400	30,385,242
Held to maturity Securities
Amortized Cost
Due in one year or less, Amortized Cost	35,141,204	27,731,133	34,954,587
Due from one to five years, Amortized Cost	4,029,095	4,015,553	4,436,462
Due from five to ten years, Amortized Cost	3,430,921	3,149,531	1,856,522
Due after ten years, Amortized Cost	14,235,880	8,458,202	6,410,323
Amortization Cost of Debt	56,837,100	43,354,419	47,657,894
Fair Value
Due in one year or less, fair value	35,141,000	27,731,000	34,955,000
Due from one to five years, fair value	4,218,000	4,213,000	4,524,000
Due from five to ten years, fair value	3,620,000	3,347,000	1,945,000
Due after ten years, fair value	14,613,000	8,852,000	6,587,000
Fair value of debt	$ 57,592,000	$ 44,143,000	$ 48,011,000

4. Investment Securities (Det29

4. Investment Securities (Details 3) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Fair Value Less than 12 months	$ 4,048,788	$ 4,687,386	$ 18,391,284
Unrealized Loss Less than 12 months	23,818	9,300	96,349
Fair Value 12 months or more	0	0	0
Unrealized Loss 12 months or more	0	0	0
Fair Value	4,048,788	4,687,386	18,391,284
Unrealized Loss	23,818	9,300	96,349
U.S. GSE debt securities
Fair Value Less than 12 months	1,994,753		6,243,373
Unrealized Loss Less than 12 months	5,247		22,139
Fair Value 12 months or more	0		0
Unrealized Loss 12 months or more	0		0
Fair Value	1,994,753		6,243,373
Unrealized Loss	5,247	0	22,139
Agency mortgage-backed securities (Agency MBS)
Fair Value Less than 12 months	2,054,035	4,191,984	10,664,484
Unrealized Loss Less than 12 months	18,571	8,702	69,637
Fair Value 12 months or more	0	0	0
Unrealized Loss 12 months or more	0	0	0
Fair Value	2,054,035	4,191,984	10,664,484
Unrealized Loss	18,571	8,702	69,637
Other investments
Fair Value Less than 12 months		495,402	1,483,427
Unrealized Loss Less than 12 months		598	4,573
Fair Value 12 months or more		0	0
Unrealized Loss 12 months or more		0	0
Fair Value		495,402	1,483,427
Unrealized Loss	$ 0	$ 598	$ 4,573

4. Investment Securities (Det30

4. Investment Securities (Details Narrative)	Sep. 30, 2016USD ($)integer	Dec. 31, 2015integer	Sep. 30, 2015integer
Investments pledged with a book value | $	$ 29,105,283
Investments pledged at Fair Value | $	$ 29,412,216
CD Member
Number of securities	0	6	2
Agency mortgage-backed securities (Agency MBS)
Number of securities	4	12	5
U.S. GSE debt securities
Number of securities	1	6

5. Loans, Allowance for Loan 31

5. Loans, Allowance for Loan Losses and Credit Quality (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans and Leases Receivable Disclosure [Abstract]
Commercial & industrial	$ 69,791,331		$ 65,191,124	$ 68,970,374
Commercial real estate	190,246,590		178,206,542	171,636,701
Residential real estate - 1st lien	161,277,406		162,760,273	161,763,468
Residential real estate -Junior (Jr) lien	41,739,827		44,720,266	45,237,294
Consumer	7,131,741		7,241,224	7,810,295
Gross Loans	470,186,895		458,119,429	455,418,132
Deduct (add):
Allowance for loan losses	5,179,965	$ 5,077,420	5,011,878	5,015,987	$ 5,095,212	$ 4,905,874
Deferred net loan costs	(312,565)		(316,491)	(308,189)
Net loans	$ 465,319,495		$ 453,424,042	$ 450,710,334

5. Loans, Allowance for Loan 32

5. Loans, Allowance for Loan Losses and Credit Quality (Details 1) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
30-89 Days	$ 2,999,946	$ 4,594,475	$ 2,940,233
90 Days or more	1,463,231	2,200,265	1,946,086
Total Past Due	4,463,177	6,794,740	4,886,319
Current	465,723,718	451,324,689	450,531,813
Total Loans	470,186,895	458,119,429	455,418,132
Non-Accrual Loans	2,598,424	5,237,071	5,600,808
90 Days or More and Accruing	1,179,821	923,184	417,955
Commercial and industrial
30-89 Days	236,510	224,997	98,272
90 Days or more	116,720	168,244	254,837
Total Past Due	353,230	393,241	353,109
Current	69,438,101	64,797,883	68,617,265
Total Loans	69,791,331	65,191,124	68,970,374
Non-Accrual Loans	205,358	441,103	631,247
90 Days or More and Accruing	116,720	13,556	0
Commercial Real Estate
30-89 Days	655,874	888,994	666,897
90 Days or more	249,749	560,439	515,083
Total Past Due	905,623	1,449,433	1,181,980
Current	189,340,967	176,757,109	170,454,721
Total Loans	190,246,590	178,206,542	171,636,701
Non-Accrual Loans	759,332	2,400,757	2,377,232
90 Days or More and Accruing	227,302	45,356	0
Residential real estate - 1st lien
30-89 Days	1,837,612	2,875,768	1,873,326
90 Days or more	1,005,342	1,408,551	1,062,526
Total Past Due	2,842,954	4,284,319	2,935,852
Current	158,434,452	158,475,954	158,827,616
Total Loans	161,277,406	162,760,273	161,763,468
Non-Accrual Loans	1,298,968	2,009,079	2,240,524
90 Days or More and Accruing	744,379	801,241	348,353
Residential real estate - Jr lien
30-89 Days	203,174	521,373	248,648
90 Days or more	91,420	63,031	111,849
Total Past Due	294,594	584,404	360,497
Current	41,445,233	44,135,862	44,876,797
Total Loans	41,739,827	44,720,266	45,237,294
Non-Accrual Loans	343,766	386,132	351,805
90 Days or More and Accruing	91,420	63,031	67,811
Consumer
30-89 Days	66,776	83,343	53,090
90 Days or more	0	0	1,791
Total Past Due	66,776	83,343	54,881
Current	7,064,965	7,157,881	7,755,414
Total Loans	7,131,741	7,241,224	7,810,295
Non-Accrual Loans	0	0	0
90 Days or More and Accruing	$ 0	$ 0	$ 1,791

5. Loans, Allowance for Loan 33

5. Loans, Allowance for Loan Losses and Credit Quality (Details 2) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Allowance for loan losses, Beginning balance	$ 5,077,420	$ 5,095,212	$ 5,011,878	$ 4,905,874	$ 4,905,874
Charge-offs	(57,796)	(162,784)	(285,155)	(340,722)	(502,366)
Recoveries	10,341	8,559	53,242	75,835	98,370
Provisions (credit)	150,000	75,000	400,000	375,000	510,000
Allowance for loan losses, Ending balance	5,179,965	5,015,987	5,179,965	5,015,987	5,011,878
Allowance for loan losses evaluated for impairment, Individually	227,500	186,800	227,500	186,800	139,700
Allowance for loan losses evaluated for impairment, Collectively	4,952,465	4,829,187	4,952,465	4,829,187	4,872,178
Allowance for loan losses	5,179,965	5,015,987	5,179,965	5,015,987	5,011,878
Loans evaluated for impairment, Individually	2,183,722	4,911,816	2,183,722	4,911,816	4,491,996
Loans evaluated for impairment, Collectively	468,003,173	450,506,316	468,003,173	450,506,316	453,627,433
Total Loans	470,186,895	455,418,132	470,186,895	455,418,132	458,119,429
Commercial and industrial
Allowance for loan losses, Beginning balance	825,242	881,094	712,902	646,719	646,719
Charge-offs	(1,358)	(70,000)	(12,194)	(105,059)	(200,900)
Recoveries	2,174	997	22,650	43,909	59,264
Provisions (credit)	(54,384)	(91,246)	48,316	135,276	207,819
Allowance for loan losses, Ending balance	771,674	720,845	771,674	720,845	712,902
Allowance for loan losses evaluated for impairment, Individually	0	0	0	0	0
Allowance for loan losses evaluated for impairment, Collectively	771,674	720,845	771,674	720,845	712,902
Allowance for loan losses	771,674	720,845	771,674	720,845	712,902
Loans evaluated for impairment, Individually	188,528	446,928	188,528	446,928	286,436
Loans evaluated for impairment, Collectively	69,602,803	68,523,446	69,602,803	68,523,446	64,904,688
Total Loans	69,791,331	68,970,374	69,791,331	68,970,374	65,191,124
Commercial Real Estate
Allowance for loan losses, Beginning balance	2,316,966	1,984,559	2,152,678	2,311,936	2,311,936
Charge-offs	0	(14,783)	0	(14,783)	(14,783)
Recoveries	0	0	0	0	0
Provisions (credit)	34,435	45,039	198,723	(282,338)	(144,475)
Allowance for loan losses, Ending balance	2,351,401	2,014,815	2,351,401	2,014,815	2,152,678
Allowance for loan losses evaluated for impairment, Individually	92,900	0	92,900	0	0
Allowance for loan losses evaluated for impairment, Collectively	2,258,501	2,014,815	2,258,501	2,014,815	2,152,678
Allowance for loan losses	2,351,401	2,014,815	2,351,401	2,014,815	2,152,678
Loans evaluated for impairment, Individually	703,852	2,526,797	703,852	2,526,797	2,551,748
Loans evaluated for impairment, Collectively	189,542,738	169,109,904	189,542,738	169,109,904	175,654,794
Total Loans	190,246,590	171,636,701	190,246,590	171,636,701	178,206,542
Residential Real Estate - 1st Lien
Allowance for loan losses, Beginning balance	1,294,272	1,358,504	1,368,028	1,270,766	1,270,766
Charge-offs	(42,000)	(17,473)	(234,549)	(112,047)	(150,947)
Recoveries	3,974	0	9,660	6,042	6,042
Provisions (credit)	82,396	57,167	195,503	233,437	242,167
Allowance for loan losses, Ending balance	1,338,642	1,398,198	1,338,642	1,398,198	1,368,028
Allowance for loan losses evaluated for impairment, Individually	19,000	71,800	19,000	71,800	25,100
Allowance for loan losses evaluated for impairment, Collectively	1,319,642	1,326,398	1,319,642	1,326,398	1,342,928
Allowance for loan losses	1,338,642	1,398,198	1,338,642	1,398,198	1,368,028
Loans evaluated for impairment, Individually	1,064,752	1,701,790	1,064,752	1,701,790	1,419,808
Loans evaluated for impairment, Collectively	160,212,654	160,061,678	160,212,654	160,061,678	161,340,465
Total Loans	161,277,406	161,763,468	161,277,406	161,763,468	162,760,273
Residential Real Estate Jr Lien
Allowance for loan losses, Beginning balance	414,082	352,125	422,822	321,099	321,099
Charge-offs	0	(35,194)	0	(55,393)	(66,104)
Recoveries	60	60	180	180	240
Provisions (credit)	(32,861)	106,934	(41,721)	158,039	167,587
Allowance for loan losses, Ending balance	381,281	423,925	381,281	423,925	422,822
Allowance for loan losses evaluated for impairment, Individually	115,600	115,000	115,600	115,000	114,600
Allowance for loan losses evaluated for impairment, Collectively	265,681	308,925	265,681	308,925	308,222
Allowance for loan losses	381,281	423,925	381,281	423,925	422,822
Loans evaluated for impairment, Individually	226,590	236,301	226,590	236,301	234,004
Loans evaluated for impairment, Collectively	41,513,237	45,000,993	41,513,237	45,000,993	44,486,262
Total Loans	41,739,827	45,237,294	41,739,827	45,237,294	44,720,266
Consumer
Allowance for loan losses, Beginning balance	80,560	63,813	75,689	118,819	118,819
Charge-offs	(14,438)	(25,334)	(38,412)	(53,440)	(69,632)
Recoveries	4,133	7,502	20,752	25,704	32,824
Provisions (credit)	(11,915)	23,350	311	(21,752)	(6,322)
Allowance for loan losses, Ending balance	58,340	69,331	58,340	69,331	75,689
Allowance for loan losses evaluated for impairment, Individually	0	0	0	0	0
Allowance for loan losses evaluated for impairment, Collectively	58,340	69,331	58,340	69,331	75,689
Allowance for loan losses	58,340	69,331	58,340	69,331	75,689
Loans evaluated for impairment, Individually	0	0	0	0	0
Loans evaluated for impairment, Collectively	7,131,741	7,810,295	7,131,741	7,810,295	7,241,224
Total Loans	7,131,741	7,810,295	7,131,741	7,810,295	7,241,224
Unallocated
Allowance for loan losses, Beginning balance	146,298	455,117	279,759	236,535	236,535
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provisions (credit)	132,329	(66,244)	(1,132)	152,338	43,224
Allowance for loan losses, Ending balance	278,627	388,873	278,627	388,873	279,759
Allowance for loan losses evaluated for impairment, Individually	0	0	0	0	0
Allowance for loan losses evaluated for impairment, Collectively	278,627	388,873	278,627	388,873	279,759
Allowance for loan losses	$ 278,627	$ 388,873	$ 278,627	$ 388,873	$ 279,759

5. Loans, Allowance for Loan 34

5. Loans, Allowance for Loan Losses and Credit Quality (Details 3) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Recorded Investment With an allowance recorded	$ 890,843	$ 482,895	$ 890,843	$ 482,895	$ 407,792
Unpaid Principal Balance With an allowance recorded	1,098,648	567,565	1,098,648	567,565	466,478
Related Allowance With an allowance recorded	227,500	186,800	227,500	186,800	139,700
Average Recorded Investment With an allowance recorded	698,391	549,200	539,082	380,182	461,741
Recorded Investment With no related allowance recorded	1,292,879	4,428,921	1,292,879	4,428,921	4,084,204
Unpaid Principal Balance With no related allowance recorded	1,515,144	4,912,504	1,515,144	4,912,504	4,603,518
Average Recorded Investment With no related allowance recorded	2,057,704	3,432,546	1,898,498	2,869,225	3,686,066
Recorded Investment allowance recorded	2,183,722	4,911,816	2,183,722	4,911,816	4,491,996
Unpaid Principal Balance allowance recorded	2,613,792	5,480,069	2,613,792	5,480,069	5,069,996
Related Allowance allowance recorded	227,500	186,800	227,500	186,800	139,700
Average Recorded Investment Allowance recorded	2,756,095	3,981,746	2,437,580	3,249,407	4,147,807
Commercial and industrial
Recorded Investment With an allowance recorded		0		0	0
Unpaid Principal Balance With an allowance recorded		0		0	0
Related Allowance With an allowance recorded		0		0	0
Average Recorded Investment With an allowance recorded	0	93,398		37,359	37,359
Recorded Investment With no related allowance recorded	188,528	446,928	188,528	446,928	286,436
Unpaid Principal Balance With no related allowance recorded	262,297	512,552	262,297	512,552	366,387
Average Recorded Investment With no related allowance recorded	198,137	555,057	174,248	389,530	446,817
Commercial Real Estate
Recorded Investment With an allowance recorded	228,062	0	228,062	0	0
Unpaid Principal Balance With an allowance recorded	235,152	0	235,152	0	0
Related Allowance With an allowance recorded	92,900	0	92,900	0	0
Average Recorded Investment With an allowance recorded	0	0	45,612	40,902	40,902
Recorded Investment With no related allowance recorded	475,790	2,526,797	475,790	2,526,797	2,551,748
Unpaid Principal Balance With no related allowance recorded	523,245	2,741,550	523,245	2,741,550	2,776,729
Average Recorded Investment With no related allowance recorded	901,468	1,976,769	966,095	1,641,363	2,151,713
Residential real estate - 1st lien
Recorded Investment With an allowance recorded	436,191	246,594	436,191	246,594	173,788
Unpaid Principal Balance With an allowance recorded	579,182	283,363	579,182	283,363	182,251
Related Allowance With an allowance recorded	19,000	71,800	19,000	71,800	25,100
Average Recorded Investment With an allowance recorded	435,802	302,937	296,316	193,515	228,273
Recorded Investment With no related allowance recorded	628,561	1,455,196	628,561	1,455,196	1,246,020
Unpaid Principal Balance With no related allowance recorded	729,602	1,658,402	729,602	1,658,402	1,460,402
Average Recorded Investment With no related allowance recorded	918,378	780,255	742,267	724,368	973,572
Residential real estate - Jr lien
Recorded Investment With an allowance recorded	226,590	236,301	226,590	236,301	234,004
Unpaid Principal Balance With an allowance recorded	284,314	284,202	284,314	284,202	284,227
Related Allowance With an allowance recorded	115,600	115,000	115,600	115,000	114,600
Average Recorded Investment With an allowance recorded	262,589	152,865	197,154	108,406	155,207
Recorded Investment With no related allowance recorded	0	0	0	0	0
Unpaid Principal Balance With no related allowance recorded	0	0	0	0	0
Average Recorded Investment With no related allowance recorded	$ 39,721	$ 120,465	$ 15,888	$ 113,964	$ 113,964

5. Loans, Allowance for Loan 35

5. Loans, Allowance for Loan Losses and Credit Quality (Details 4) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Group A	$ 454,162,312	$ 438,208,275	$ 437,032,136
Group B	5,421,506	10,066,246	6,842,853
Group C	10,603,077	9,844,908	11,543,143
Total Loans	470,186,895	458,119,429	455,418,132
Commercial and industrial
Group A	67,062,235	59,764,081	65,623,508
Group B	1,551,890	4,724,729	2,023,893
Group C	1,177,206	702,314	1,322,973
Total Loans	69,791,331	65,191,124	68,970,374
Commercial Real Estate
Group A	179,855,087	168,326,527	161,009,553
Group B	3,270,984	4,529,493	4,415,932
Group C	7,120,519	5,350,522	6,211,216
Total Loans	190,246,590	178,206,542	171,636,701
Residential real estate - 1st lien
Group A	158,989,152	158,834,849	158,003,285
Group B	451,736	599,516	178,938
Group C	1,836,518	3,325,908	3,581,245
Total Loans	161,277,406	162,760,273	161,763,468
Residential real estate - Jr lien
Group A	41,124,097	44,041,594	44,587,285
Group B	146,896	212,508	224,090
Group C	468,834	466,164	425,919
Total Loans	41,739,827	44,720,266	45,237,294
Consumer
Group A	7,131,741	7,241,224	7,808,505
Group B	0	0	0
Group C	0	0	1,790
Total Loans	$ 7,131,741	$ 7,241,224	$ 7,810,295

5. Loans, Allowance for Loan 36

5. Loans, Allowance for Loan Losses and Credit Quality (Details 5)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)integer	Sep. 30, 2015USD ($)integer	Sep. 30, 2016USD ($)integer	Sep. 30, 2015USD ($)integer	Dec. 31, 2015USD ($)integer
Number of Contracts modified as TDRs | integer	3	5	10	18	19
Pre-Modification Outstanding Recorded Investment	$ 177,182	$ 548,939	$ 635,237	$ 1,828,329	$ 2,127,411
Post- Modification Outstanding Recorded Investment	$ 185,107	$ 585,383	$ 663,007	$ 1,926,986	$ 2,245,480
Residential real estate - 1st lien
Number of Contracts modified as TDRs | integer	3	3	8	11	12
Pre-Modification Outstanding Recorded Investment	$ 177,182	$ 207,979	$ 572,418	$ 1,170,625	$ 1,229,100
Post- Modification Outstanding Recorded Investment	$ 185,107	$ 219,335	$ 598,030	$ 1,240,437	$ 1,303,228
Residential Real Estate Jr Lien
Number of Contracts modified as TDRs | integer	0	0	2	2	2
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0	$ 62,819	$ 117,745	$ 117,746
Post- Modification Outstanding Recorded Investment	$ 0	$ 0	$ 64,977	$ 121,672	$ 121,672
Commercial and industrial
Number of Contracts modified as TDRs | integer		0		3	2
Pre-Modification Outstanding Recorded Investment		$ 0		$ 198,999	$ 199,134
Post- Modification Outstanding Recorded Investment		$ 0		$ 198,829	$ 204,142
Commercial Real Estate
Number of Contracts modified as TDRs | integer		2		2	3
Pre-Modification Outstanding Recorded Investment		$ 340,960		$ 340,960	$ 581,431
Post- Modification Outstanding Recorded Investment		$ 366,048		$ 366,048	$ 616,438

5. Loans, Allowance for Loan 37

5. Loans, Allowance for Loan Losses and Credit Quality (Details 6)	9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)integer	Sep. 30, 2015USD ($)integer	Dec. 31, 2015USD ($)integer
Number of Contracts | integer	5	5	6
Recorded Investment | $	$ 448,432	$ 278,238	$ 506,145
Commercial
Number of Contracts | integer	1	2
Recorded Investment | $	$ 71,808	$ 21,890
Commercial Real Estate
Number of Contracts | integer	1		1
Recorded Investment | $	$ 228,063		$ 149,514
Residential Real Estate - 1st Lien
Number of Contracts | integer	2	3	4
Recorded Investment | $	$ 94,004	$ 256,348	$ 286,803
Residential Real Estate Jr Lien
Number of Contracts | integer	1		1
Recorded Investment | $	$ 54,557		$ 69,828

5. Loans, Allowance for Loan 38

5. Loans, Allowance for Loan Losses and Credit Quality (Details Narrative)	Sep. 30, 2016USD ($)integer	Dec. 31, 2015USD ($)integer	Sep. 30, 2015USD ($)integer
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance related to TDRs	$ 5,700	$ 25,100	$ 0
Residential mortgage loans | integer	6	5	4
Residential mortgage loans in process of foreclosure	$ 250,413	$ 400,905	$ 370,413

7. Goodwill and Other Intangi39

7. Goodwill and Other Intangible Assets (Details)	Sep. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,016	$ 68,170
2,017	272,691
Total remaining core deposit intangible	$ 340,861

7. Goodwill and Other Intangi40

7. Goodwill and Other Intangible Assets (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated amortization expense	$ 3,820,139	$ 3,547,444
Amortization expense for the core deposit intangible	$ 204,525	$ 204,525

8. Fair Value (Details)

8. Fair Value (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Fair Value Level 2
Assets: (market approach)
U.S. GSE debt securities	$ 13,843,494	$ 12,832,443	$ 13,947,470
U.S. Government securities			0
Agency MBS	12,526,616	10,664,484	11,198,361
Other investments	3,042,106	2,973,473	2,236,442
Total	$ 29,412,216	$ 26,470,400	27,382,273
Fair Value Level 1
Assets: (market approach)
U.S. GSE debt securities			0
U.S. Government securities			3,002,969
Agency MBS			0
Other investments			0
Total			$ 3,002,969

8. Fair Value (Details 1)

8. Fair Value (Details 1) - Fair Value Level 2 - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets: (market approach)
Residential mortgage servicing rights	$ 1,215,311	$ 1,293,079	$ 1,296,249
Impaired loans, net of related allowance	663,343	268,092	296,095
OREO	$ 409,000	$ 262,000	$ 1,058,475

8. Fair Value (Details 2)

8. Fair Value (Details 2) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Carrying Amount
Financial assets: (Dollars in Thousands)
Cash and cash equivalents	$ 12,380	$ 28,852	$ 14,739
Securities held-to-maturity	56,837	43,354	47,658
Securities available-for-sale	29,412	26,470	30,385
Restricted equity securities	1,856	2,442	3,332
Loans and loans held-for-sale
Commercial & Industrial	68,978	64,438	68,190
Commercial real estate	187,783	175,945	169,476
Residential real estate - 1st lien	160,552	162,492	161,427
Residential real estate - Jr. lien	41,334	44,270	44,774
Consumer	7,069	7,161	7,734
Mortgage servicing rights	1,215	1,293	1,296
Accrued interest receivable	1,650	1,633	1,687
Deposits
Deposits, Other deposits	470,587	467,851	458,674
Deposits, Brokered deposits	33,220	27,635	20,334
Federal funds purchased and short-term borrowings	5,245	10,000	20,000
Long-term borrowings	550
Repurchase agreements	25,834	22,073	21,977
Capital lease obligations	494	558	579
Subordinated debentures	12,887	12,887	12,887
Accrued interest payable	44	53	51
Fair Value Level 1
Financial assets: (Dollars in Thousands)
Cash and cash equivalents	12,380	28,852	14,739
Securities held-to-maturity	0	0	0
Securities available-for-sale	0	0	3,003
Restricted equity securities	0	0	0
Loans and loans held-for-sale
Commercial & Industrial	0	0	0
Commercial real estate	0	0	0
Residential real estate - 1st lien	0	0	0
Residential real estate - Jr. lien	0	0	0
Consumer	0	0	0
Mortgage servicing rights	0	0	0
Accrued interest receivable	0	0	0
Deposits
Deposits, Other deposits	0	0	0
Deposits, Brokered deposits	0	0	0
Federal funds purchased and short-term borrowings	0	0	0
Long-term borrowings	0
Repurchase agreements	0	0	0
Capital lease obligations	0	0	0
Subordinated debentures	0	0	0
Accrued interest payable	0	0	0
Fair Value Level 2
Financial assets: (Dollars in Thousands)
Cash and cash equivalents	0	0	0
Securities held-to-maturity	57,592	44,143	48,011
Securities available-for-sale	29,412	26,470	27,382
Restricted equity securities	1,856	2,442	3,332
Loans and loans held-for-sale
Commercial & Industrial	189	286	447
Commercial real estate	611	2,552	2,527
Residential real estate - 1st lien	1,046	1,395	1,630
Residential real estate - Jr. lien	111	119	121
Consumer	0	0	0
Mortgage servicing rights	1,333	1,497	1,474
Accrued interest receivable	1,650	1,633	1,687
Deposits
Deposits, Other deposits	470,785	467,514	458,796
Deposits, Brokered deposits	33,223	27,640	20,349
Federal funds purchased and short-term borrowings	5,245	10,000	20,000
Long-term borrowings	503
Repurchase agreements	25,834	22,073	21,977
Capital lease obligations	494	558	579
Subordinated debentures	12,852	12,851	12,857
Accrued interest payable	44	53	51
Fair Value Level 3
Financial assets: (Dollars in Thousands)
Cash and cash equivalents	0	0	0
Securities held-to-maturity	0	0	0
Securities available-for-sale	0	0	0
Restricted equity securities	0	0	0
Loans and loans held-for-sale
Commercial & Industrial	69,957	65,399	69,224
Commercial real estate	192,329	178,502	172,871
Residential real estate - 1st lien	163,770	164,959	164,495
Residential real estate - Jr. lien	41,826	44,939	45,526
Consumer	7,358	7,482	8,090
Mortgage servicing rights	0	0	0
Accrued interest receivable	0	0	0
Deposits
Deposits, Other deposits	0	0	0
Deposits, Brokered deposits	0	0	0
Federal funds purchased and short-term borrowings	0	0	0
Long-term borrowings	0
Repurchase agreements	0	0	0
Capital lease obligations	0	0	0
Subordinated debentures	0	0	0
Accrued interest payable	0	0	0
Fair Value
Financial assets: (Dollars in Thousands)
Cash and cash equivalents	12,380	28,852	14,739
Securities held-to-maturity	57,592	44,143	48,011
Securities available-for-sale	29,412	26,470	30,385
Restricted equity securities	1,856	2,442	3,332
Loans and loans held-for-sale
Commercial & Industrial	70,146	65,685	69,671
Commercial real estate	192,940	181,054	175,398
Residential real estate - 1st lien	164,816	166,354	166,125
Residential real estate - Jr. lien	41,937	45,058	45,647
Consumer	7,358	7,482	8,090
Mortgage servicing rights	1,333	1,497	1,474
Accrued interest receivable	1,650	1,633	1,687
Deposits
Deposits, Other deposits	470,785	467,514	458,796
Deposits, Brokered deposits	33,223	27,640	20,349
Federal funds purchased and short-term borrowings	5,245	10,000	20,000
Long-term borrowings	503
Repurchase agreements	25,834	22,073	21,977
Capital lease obligations	494	558	579
Subordinated debentures	12,852	12,851	12,857
Accrued interest payable	$ 44	$ 53	$ 51

9. Loan Servicing (Details)

9. Loan Servicing (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Transfers and Servicing of Financial Assets [Abstract]
Balance at beginning of year	$ 1,293,079	$ 1,311,965	$ 1,311,965
Mortgage servicing rights capitalized	152,900	177,090	230,818
Mortgage servicing rights amortized	(208,706)	(195,363)	(257,921)
Change in valuation allowance	(21,962)	2,557	8,217
Balance at end of period	$ 1,215,311	$ 1,296,249	$ 1,293,079

11. Subsequent Event (Details)

11. Subsequent Event (Details)	Sep. 30, 2016USD ($)
Subsequent Event [Member]
Dividend accrued	$ 804,306