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Condensed Parent Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

BALANCE SHEETS
		December 31,			December 31,
		2013			2012

ASSETS
Cash		$	3,376,410		$	5,341,137
Investment in subsidiary			38,096,440			37,417,245
Other assets			435,972			416,104

Total assets		$	41,908,822		$	43,174,486

LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities		$	35,094		$	110,650
Other borrowings			1,740,000			2,175,000

Total liabilities			1,775,094			2,285,650

Stockholders’ equity			40,133,728			40,888,836

Total liabilities and stockholders’ equity		$	41,908,822		$	43,174,486

Schedule of Condensed Income Statement [Table Text Block]

STATEMENTS OF INCOME

		Years Ended December 31,
		2013			2012			2011

INCOME
Dividends		$	-		$	-		$	-
Interest income			956			-			-

			956			-			-

EXPENSES
Interest expense			49,836			170,872			219,250
Other operating expenses			286,105			436,283			359,409

Loss before equity in undistributed earnings			(334,985)			(607,155)			(578,659)

Equity in undistributed earnings of subsidiary			1,887,294			1,775,918			1,386,711

Income tax benefit			128,500			233,300			222,000

Net income			1,680,809			1,402,063			1,030,052

Preferred stock dividend requirements			1,500,000			1,229,780			651,119
Accretion on preferred stock discount			71,381			63,924			36,718

Net income available to common shareholders		$	109,428		$	108,359		$	342,215

Schedule of Condensed Cash Flow Statement [Table Text Block]

STATEMENTS OF CASH FLOWS

		2013			2012			2011

CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$	1,680,809		$	1,402,063		$	1,030,052
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock compensation expense			129,056			74,048			79,140
Equity in undistributed income of subsidiary			(1,887,294)			(1,775,918)			(1,386,711)
Other			(95,424)			1,719,222			(1,726,685)

Net cash (used in) provided by operating activities			(172,853)			1,419,415			(2,004,204)

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			(435,000)			(870,000)			(1,670,000)
Issuance of preferred stock			-			4,858,078			7,135,402
Issuance of common stock			77,019			-			-
Payment of preferred dividends			(1,433,893)			(985,917)			(303,412)

Net cash (used in) provided by financing activities			(1,791,874)			3,002,161			5,161,990

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS			(1,964,727)			4,421,576			(1,342,214)

CASH AND CASH EQUIVALENTS, beginning of year			5,341,137			919,561			2,261,775

CASH AND CASH EQUIVALENTS, end of year		$	3,376,410		$	5,341,137		$	919,561

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest		$	85,236		$	174,473		$	249,555
Income taxes			-			-			-