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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net loss $ (1,016,247) $ (1,031,240)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for loan losses 453,000 170,000
Net loss (gain) on sale of other real estate 8,273 (111,291)
Gain on sale of loans (69,163)   
Gain on sale of bank premises (526,990)   
Amortization of premiums on investments 117,544 76,181
Amortization of core deposit intangible 178,078 178,078
Depreciation on fixed assets 220,281 246,272
Write-down of other real estate owned 232,298 3,879
Decrease in accrued interest receivable and other assets 122,372 242,480
Decrease in accrued interest payable and other liabilities (56,769) (2,061)
Net cash used in operating activities (337,323) (227,702)
Cash flows from investing activities:    
Purchase of available-for-sale investment securities    (262,041)
Purchase of held-to-maturity investment securities (5,110,337) (12,696,606)
Proceeds from maturity and principal reductions of available-for-sale investment securities 244,186 310,689
Proceeds from maturity and principal reductions of held-to-maturity investment securities 10,311,762 10,553,635
Proceeds from sale of other real estate owned 425,528 845,544
Net (increase) decrease in loans (841,001) 3,279,026
Proceeds from sale of loans 637,621   
Proceeds from sale of bank premises 874,943   
Purchase of bank premises and equipment (142,793) (91,095)
Net cash provided by investing activities 6,399,909 1,939,152
Cash flows from financing activities:    
Net (decrease) increase in deposits (10,323,715) 4,089,768
Net cash (used in) provided by financing activities (10,323,715) 4,089,768
Net (decrease) increase in cash and cash equivalents (4,261,130) 5,801,218
Cash and cash equivalents at beginning of year 14,497,329 8,696,111
Cash and cash equivalents at end of year 10,236,199 14,497,329
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 166,726 233,531
Noncash transfer of loans to other real estate owned $ 157,116 $ 602,100