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Condensed Parent Information | 12 Months Ended
--- | ---
Dec. 31, 2012
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
| Note 21. | Condensed Parent Information
BALANCE SHEETS |  |  |  |  |  |
|  | December 31, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 5,341,137 |  |  | $ | 919,561 |
Investment in subsidiary |  |  | 37,417,245 |  |  |  | 35,309,068 |
Other assets |  |  | 416,104 |  |  |  | 2,067,839 |
Total assets |  | $ | 43,174,486 |  |  | $ | 38,296,468 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 110,650 |  |  | $ | 43,163 |
Other borrowings |  |  | 2,175,000 |  |  |  | 3,045,000 |
Total liabilities |  |  | 2,285,650 |  |  |  | 3,088,163 |
Stockholders’ equity |  |  | 40,888,836 |  |  |  | 35,208,305 |
Total liabilities and stockholders’ equity |  | $ | 43,174,486 |  |  | $ | 38,296,468 |
STATEMENTS OF OPERATIONS |  |  |  |  |  |  |  |  |
|  | Years Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
INCOME |  |  |  |  |  |  |  |  |  |  |  |
Dividends |  | $ | - |  |  | $ | - |  |  | $ | - |
Interest income |  |  | - |  |  |  | - |  |  |  | - |
|  |  | - |  |  |  | - |  |  |  | - |
EXPENSES |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 170,872 |  |  |  | 219,250 |  |  |  | 319,361 |
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | 2,541,476 |
Other operating expenses |  |  | 436,283 |  |  |  | 359,409 |  |  |  | 384,813 |
Loss before equity in undistributed earnings (loss) |  |  | (607,155 | ) |  |  | (578,659 | ) |  |  | (3,245,650 | )
Equity in undistributed earnings (loss) of subsidiary |  |  | 1,775,918 |  |  |  | 1,386,711 |  |  |  | (1,737,868 | )
Income tax benefit |  |  | 233,300 |  |  |  | 222,000 |  |  |  | 275,997 |
Net income (loss) |  |  | 1,402,063 |  |  |  | 1,030,052 |  |  |  | (4,707,521 | )
Preferred stock dividend requirements |  |  | 1,229,780 |  |  |  | 651,119 |  |  |  | 34,463 |
Accretion on preferred stock discount |  |  | 63,924 |  |  |  | 36,718 |  |  |  | - |
Net income (loss) available to common shareholders |  | $ | 108,359 |  |  | $ | 342,215 |  |  | $ | (4,741,984 | )
|  | 2012 |  |  | 2011 |  |  | 2010 |
STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 1,402,063 |  |  | $ | 1,030,052 |  |  | $ | (4,707,521 | )
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation expense |  |  | 74,048 |  |  |  | 79,140 |  |  |  | 74,612 |
Equity in undistributed loss (income) of subsidiary |  |  | (1,775,918 | ) |  |  | (1,386,711 | ) |  |  | 1,737,868 |
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | 2,541,476 |
Other |  |  | 1,719,222 |  |  |  | (1,726,685 | ) |  |  | (63,092 | )
Net cash provided by (used in) operating activities |  |  | 1,419,415 |  |  |  | (2,004,204 | ) |  |  | (416,657 | )
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Capital contribution to subsidiary |  |  | - |  |  |  | (4,500,000 | ) |  |  | - |
Net cash used in investing activities |  |  | - |  |  |  | (4,500,000 | ) |  |  | - |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net repayments under other borrowings |  |  | (870,000 | ) |  |  | (1,670,000 | ) |  |  | (635,000 | )
Issuance of preferred stock |  |  | 4,858,078 |  |  |  | 7,135,402 |  |  |  | 2,727,424 |
Payment of preferred dividends |  |  | (985,917 | ) |  |  | (303,412 | ) |  |  | (34,463 | )
Net cash provided by financing activities |  |  | 3,002,161 |  |  |  | 5,161,990 |  |  |  | 2,057,961 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 4,421,576 |  |  |  | (1,342,214 | ) |  |  | 1,641,304 |
CASH AND CASH EQUIVALENTS, beginning of year |  |  | 919,561 |  |  |  | 2,261,775 |  |  |  | 620,471 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 5,341,137 |  |  | $ | 919,561 |  |  | $ | 2,261,775 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | $ | 174,473 |  |  | $ | 249,555 |  |  | $ | 319,361 |
Income taxes |  |  | - |  |  |  | - |  |  |  | - |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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