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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 2,149,467 $ 3,222,139
Interest-bearing deposits at other financial institutions 22,702,270 56,173,099
Total cash and cash equivalents 24,851,737 59,395,238
Securities available for sale 92,208,672 76,096,646
Securities held to maturity (fair value $35,027 in 2013 and $46,212 in 2012) 34,165 45,086
Federal Home Loan Bank stock, at cost 2,322,900 2,322,900
Loans, net of allowance for loan losses of $3,203,158 in 2013 and $6,141,281 in 2012 286,236,578 270,850,465
Bank premises and equipment, net 4,992,449 5,399,340
Accrued interest receivable 977,925 1,213,778
Foreclosed assets 12,925,748 20,332,313
Other assets 7,673,179 7,790,634
Total assets 432,223,353 443,446,400
Deposits:    
Noninterest-bearing demand deposits 75,206,540 60,053,838
Interest-bearing demand deposits 24,563,987 30,178,624
Savings deposits and money market accounts 86,329,930 80,994,239
Time deposits 155,313,920 173,653,892
Total deposits 341,414,377 344,880,593
Accrued interest payable 82,320 120,558
Federal funds purchased and securities sold under agreements to repurchase 22,974,117 19,587,387
Federal Home Loan Bank advances and other borrowings 26,740,000 37,175,000
Other liabilities 878,811 794,026
Total liabilities 392,089,625 402,557,564
Stockholders' equity:    
Preferred stock - no par value; 2,000,000 shares authorized; 600,000 shares issued and outstanding in 2013 and 2012 14,892,927 14,821,546
Common stock - $1.00 par value; 20,000,000 shares authorized in 2013 and 2012; 6,709,199 shares issued in 2013 and 2012; 6,547,074 and 6,500,396 shares outstanding in 2013 and 2012 6,547,074 6,500,396
Additional paid-in capital 21,549,883 21,390,486
Accumulated deficit (3,099,451) (3,274,986)
Accumulated other comprehensive income 243,295 1,451,394
Total stockholders' equity 40,133,728 40,888,836
Total liabilities and stockholders' equity $ 432,223,353 $ 443,446,400