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Earnings per Common Share (Tables) | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Earnings per common share have been computed based on the following:
|  | 2013 |  | 2012 |  | 2011 |
Net income |  | $ | 1,680,809 |  | $ | 1,402,063 |  | $ | 1,030,052 |
Less: Preferred stock dividend requirements |  |  | 1,500,000 |  |  | 1,229,780 |  |  | 651,119 |
Less: Preferred stock accretion |  |  | 71,381 |  |  | 63,924 |  |  | 36,718 |
Net income applicable to common stock |  | $ | 109,428 |  | $ | 108,359 |  | $ | 342,215 |
Average number of common shares outstanding |  |  | 6,547,074 |  |  | 6,500,396 |  |  | 6,500,396 |
Effect of dilutive stock options |  |  | 115,213 |  |  | 50,136 |  |  | - |
Average number of common shares outstanding used to calculate diluted earnings per common share |  |  | 6,662,287 |  |  | 6,550,532 |  |  | 6,500,396 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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