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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
Comprehensive Income [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Total
BALANCE at Dec. 31, 2008   $ 0 $ 6,319,718 $ 20,311,638 $ 10,056,680 $ (186,527) $ 36,501,509
Stock compensation expense   0 0 216,600 0 0 216,600
Dividends - $0.10 per common share   0 0 0 (638,061) 0 (638,061)
Dividends of common stock   0 180,678 634,448 (815,126) 0 0
Comprehensive Income (loss):              
Net income (loss) (8,178,639) 0 0 0 (8,178,639) 0 (8,178,639)
Other comprehensive income, net of tax:              
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment (63,930) 0 0 0 0 (63,930) (63,930)
Total comprehensive Income (loss) (8,242,569)            
BALANCE at Dec. 31, 2009   0 6,500,396 21,162,686 424,854 (250,457) 27,837,479
Stock compensation expense   0 0 74,612 0 0 74,612
Issuance of Series A Convertible Preferred Stock   2,727,424 0 0 0 0 2,727,424
Preferred stock dividends   0 0 0 (34,463) 0 (34,463)
Comprehensive Income (loss):              
Net income (loss) (4,707,521) 0 0 0 (4,707,521) 0 (4,707,521)
Other comprehensive income, net of tax:              
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment (78,378) 0 0 0 0 (78,378) (78,378)
Total comprehensive Income (loss) (4,785,899)            
BALANCE at Dec. 31, 2010   2,727,424 6,500,396 21,237,298 (4,317,130) (328,835) 25,819,153
Stock compensation expense   0 0 79,140 0 0 79,140
Issuance of Series A Convertible Preferred Stock   7,135,402 0 0 0 0 7,135,402
Preferred stock dividends   0 0 0 (303,412) 0 (303,412)
Accretion on preferred stock   36,718 0 0 (36,718) 0 0
Comprehensive Income (loss):              
Net income (loss) 1,030,052 0 0 0 1,030,052 0 1,030,052
Other comprehensive income, net of tax:              
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment 1,447,970 0 0 0 0 1,447,970 1,447,970
Total comprehensive Income (loss) 2,478,022            
BALANCE at Dec. 31, 2011   $ 9,899,544 $ 6,500,396 $ 21,316,438 $ (3,627,208) $ 1,119,135 $ 35,208,305