Condensed Parent Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

BALANCE SHEETS
	December 31,		December 31,
	2012		2011
ASSETS
Cash	$	5,341,137	$	919,561
Investment in subsidiary		37,417,245		35,309,068
Other assets		416,104		2,067,839
Total assets	$	43,174,486	$	38,296,468
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	$	110,650	$	43,163
Other borrowings		2,175,000		3,045,000
Total liabilities		2,285,650		3,088,163
Stockholders’ equity		40,888,836		35,208,305
Total liabilities and stockholders’ equity	$	43,174,486	$	38,296,468

Schedule of Condensed Income Statement [Table Text Block]

STATEMENTS OF OPERATIONS
	Years Ended December 31,
	2012			2011			2010
INCOME
Dividends	$	-		$	-		$	-
Interest income		-			-			-
		-			-			-
EXPENSES
Interest expense		170,872			219,250			319,361
Goodwill impairment		-			-			2,541,476
Other operating expenses		436,283			359,409			384,813
Loss before equity in undistributed earnings (loss)		(607,155	)		(578,659	)		(3,245,650	)
Equity in undistributed earnings (loss) of subsidiary		1,775,918			1,386,711			(1,737,868	)
Income tax benefit		233,300			222,000			275,997
Net income (loss)		1,402,063			1,030,052			(4,707,521	)
Preferred stock dividend requirements		1,229,780			651,119			34,463
Accretion on preferred stock discount		63,924			36,718			-
Net income (loss) available to common shareholders	$	108,359		$	342,215		$	(4,741,984	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	2012			2011			2010
STATEMENTS OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	1,402,063		$	1,030,052		$	(4,707,521	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Stock compensation expense		74,048			79,140			74,612
Equity in undistributed loss (income) of subsidiary		(1,775,918	)		(1,386,711	)		1,737,868
Goodwill impairment		-			-			2,541,476
Other		1,719,222			(1,726,685	)		(63,092	)
Net cash provided by (used in) operating activities		1,419,415			(2,004,204	)		(416,657	)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital contribution to subsidiary		-			(4,500,000	)		-
Net cash used in investing activities		-			(4,500,000	)		-
CASH FLOWS FROM FINANCING ACTIVITIES
Net repayments under other borrowings		(870,000	)		(1,670,000	)		(635,000	)
Issuance of preferred stock		4,858,078			7,135,402			2,727,424
Payment of preferred dividends		(985,917	)		(303,412	)		(34,463	)
Net cash provided by financing activities		3,002,161			5,161,990			2,057,961
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		4,421,576			(1,342,214	)		1,641,304
CASH AND CASH EQUIVALENTS, beginning of year		919,561			2,261,775			620,471
CASH AND CASH EQUIVALENTS, end of year	$	5,341,137		$	919,561		$	2,261,775
SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION
Cash paid during the year for:
Interest	$	174,473		$	249,555		$	319,361
Income taxes		-			-			-