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Dividends On Preferred Shares
3 Months Ended
Mar. 31, 2012
Dividends On Preferred Shares [Abstract]  
Dividends On Preferred Shares

Note 12: Dividends on Preferred Shares

At the request of the Federal Reserve Bank of Kansas City, the Company notified the United States Department of the Treasury (the "Treasury") of its intention to defer the quarterly dividend payments on the Preferred Shares due to the Treasury since May 15, 2009. As part of the Capital Purchase Plan, the Company entered into a letter agreement with the Treasury on December 5, 2008, which includes a Securities Purchase Agreement-Standard Terms. As part of the agreement, dividends compound if they accrue and are not paid. Failure by the Company to pay the Preferred Share dividend is not an event of default. However, a failure to pay a total of six Preferred Share dividends, whether or not consecutive, gives the holders of the Preferred Shares the right to elect two directors to the Company's Board of Directors. That right would continue until the Company pays all dividends in arrears. As of March 31, 2012, the Company has deferred 12 Preferred Share dividend payments. At this time, the Treasury has not elected any directors to serve on the Company's Board of Directors; however, the Treasury has assigned an observer to attend the Company's board meetings. The Company has accrued for the dividends and interest and has every intention to bring the obligation current as soon as permitted. As of March 31, 2012, the Company had accrued $3,518,000 for dividends and interest on outstanding Preferred Shares.