Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings per common share have been computed based on the following:

	2014		2013		2012
Net income	$	1,638,282	$	1,680,809	$	1,402,063
Less: Preferred stock dividend requirements		1,500,000		1,500,000		1,229,780
Less: Preferred stock accretion		71,382		71,381		63,924
Net income applicable to common stock	$	66,900	$	109,428	$	108,359
Average number of common shares outstanding		6,614,414		6,547,074		6,500,396
Effect of dilutive stock options		222,373		115,213		50,136
Average number of common shares outstanding used to calculate diluted earnings per common share		6,836,787		6,662,287		6,550,532