Quarterly Data (unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Note 24.

Quarterly Data (unaudited)

	Years Ended December 31,
	2011										2010
	Fourth			Third		Second			First		Fourth			Third		Second			First
	Quarter			Quarter		Quarter			Quarter		Quarter			Quarter		Quarter			Quarter

Interest income	$	5,001,095		$	5,114,358	$	5,159,803		$	5,218,480	$	5,445,229		$	5,933,035	$	6,731,978		$	7,101,186
Interest expense		1,405,101			1,510,208		1,690,837			1,755,722		1,918,673			2,175,985		2,510,794			2,596,362


Net interest income, before provision for loan losses		3,595,994			3,604,150		3,468,966			3,462,758		3,526,556			3,757,050		4,221,184			4,504,824

Provision for loan losses		300,000			115,000		15,000			15,000		4,130,000			681,000		1,465,000			1,015,000

Net interest income (loss), after provision for loan losses		3,295,994			3,489,150		3,453,966			3,447,758		(603,444	)		3,076,050		2,756,184			3,489,824

Noninterest income		273,665			323,412		316,053			269,757		170,041			1,416,005		1,091,221			403,662
Noninterest expenses		3,500,712			3,076,769		3,657,407			3,416,615		6,548,924			4,209,080		3,884,359			3,399,998

Income (loss) before income taxes		68,947			735,793		112,612			300,900		(6,982,327	)		282,975		(36,954	)		493,488
Income tax (benefit) expense		(43,875	)		212,125		(28,675	)		48,625		(1,699,200	)		69,301		(55,099	)		149,701

Net income (loss)		112,822			523,668		141,287			252,275		(5,283,127	)		213,674		18,145			343,787

Preferred stock dividend requirements		252,493			187,538		118,013			93,075		34,463			-		-			-
Accretion on preferred stock discount		14,299			13,419		9,000			-		-			-		-			-

Net income (loss) available to common stockholders	$	(153,970	)	$	322,711	$	14,274		$	159,200	$	(5,317,590	)	$	213,674	$	18,145		$	343,787

Earnings (loss) per common share:
Basic	$	(0.02	)	$	0.05	$	-		$	0.02	$	(0.81	)	$	0.03	$	-		$	0.05
Diluted	$	(0.02	)	$	0.05	$	-		$	0.02	$	(0.81	)	$	0.03	$	-		$	0.05

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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