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Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables)
9 Months Ended
Sep. 30, 2013
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables) [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
   

As of

May 13, 2013

 

ASSETS

       

Cash and due from banks

  $ 9,286,757  

Federal funds sold

    12,335,000  

Interest-bearing deposits at financial institutions

    2,024,539  

Securities available for sale

    45,853,826  

Loans/leases receivable, net

    195,658,486  

Premises and equipment

    8,132,021  

Core deposit intangible

    3,440,076  

Bank-owned life insurance

    4,595,529  

Restricted investment securities

    1,259,375  

Other real estate owned

    550,326  

Other assets

    5,178,583  

Total assets acquired

  $ 288,314,518  
         

LIABILITIES

       

Deposits

  $ 255,045,071  

Other borrowings

    3,950,000  

Junior subordinated debentures

    4,125,175  

Other liabilities

    3,911,053  

Total liabilties assumed

  $ 267,031,299  
         

Net assets acquired

  $ 21,283,219  
         

CONSIDERATION PAID:

       

Cash

  $ 6,261,684  

Issuance of 834,715 shares of common stock

    13,180,150  

Total consideration paid

  $ 19,441,834  
         

Bargain purchase gain

  $ 1,841,385  
Subsequent Event [Member]
 
Note 9 - Sales of Certain Branches of CNB and Merger of CNB into CRBT (Tables) [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
   

As of

 

ASSETS

 

October 4, 2013

 

Cash

  $ 29,905,991  

Loans receivable

    22,709,735  

Premises and equipment

    776,782  
Core deposit intangible     910,415  

Other assets

    68,456  

Total assets sold

  $ 54,371,379  
         

LIABILITIES

       

Deposits

  $ 55,191,930  

Other liabilities

    53,422  

Total liabilties sold

  $ 55,245,352  
         

Gain on sale, pre-tax

  $ 873,973  
   

As of

 

ASSETS

 

October 11, 2013

 

Cash

  $ 519,627  

Loans receivable

    31,749,135  

Premises and equipment

    1,597,040  
Core deposit intangible     480,347  

Other assets

    70,443  

Total assets sold

  $ 34,416,592  
         

LIABILITIES

       

Deposits

  $ 35,830,168  

Other liabilities

    46,668  

Total liabilties sold

  $ 35,876,836  
         

Gain on sale, pre-tax

  $ 1,460,244