XML 61 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Total
BALANCE at Dec. 31, 2009 $ 0 $ 6,500,396 $ 21,162,686 $ 424,854 $ (250,457) $ 27,837,479
Stock compensation expense 0 0 74,612 0 0 74,612
Issuance of Series A Convertible Preferred Stock 2,727,424 0 0 0 0 2,727,424
Preferred stock dividends 0 0 0 (34,463) 0 (34,463)
Net income 0 0 0 (4,707,521) 0 (4,707,521)
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes 0 0 0 0 (78,378) 1,571,720
BALANCE at Dec. 31, 2010 2,727,424 6,500,396 21,237,298 (4,317,130) (328,835) 25,819,153
Stock compensation expense 0 0 79,140 0 0 79,140
Issuance of Series A Convertible Preferred Stock 7,135,402 0 0 0 0 7,135,402
Preferred stock dividends 0 0 0 (303,412) 0 (303,412)
Accretion on preferred stock 36,718 0 0 (36,718) 0 0
Net income 0 0 0 1,030,052 0 1,030,052
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes 0 0 0 0 1,447,970 2,442,847
BALANCE at Dec. 31, 2011 9,899,544 6,500,396 21,316,438 (3,627,208) 1,119,135 35,208,305
Stock compensation expense 0 0 74,048 0 0 74,048
Issuance of Series A Convertible Preferred Stock 4,858,078 0 0 0 0 4,858,078
Preferred stock dividends 0 0 0 (985,917) 0 (985,917)
Accretion on preferred stock 63,924 0 0 (63,924) 0 0
Net income 0 0 0 1,402,063 0 1,402,063
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes 0 0 0 0 332,259 535,902
BALANCE at Dec. 31, 2012 $ 14,821,546 $ 6,500,396 $ 21,390,486 $ (3,274,986) $ 1,451,394 $ 40,888,836