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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
BALANCE at Dec. 31, 2010 $ 25,819,153 $ 2,727,424 $ 6,500,396 $ 21,237,298 $ (4,317,130) $ (328,835)
Stock compensation expense 79,140 0 0 79,140 0 0
Issuance of Stock 7,135,402 7,135,402 0 0 0 0
Preferred stock dividends paid (303,412) 0 0 0 (303,412) 0
Accretion on preferred stock 0 36,718 0 0 (36,718) 0
Net income 1,030,052 0 0 0 1,030,052 0
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes 1,447,970 0 0 0 0 1,447,970
BALANCE at Dec. 31, 2011 35,208,305 9,899,544 6,500,396 21,316,438 (3,627,208) 1,119,135
Stock compensation expense 74,048 0 0 74,048 0 0
Issuance of Stock 4,858,078 4,858,078 0 0 0 0
Preferred stock dividends paid (985,917) 0 0 0 (985,917) 0
Accretion on preferred stock 0 63,924 0 0 (63,924) 0
Net income 1,402,063 0 0 0 1,402,063 0
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes 332,259 0 0 0 0 332,259
BALANCE at Dec. 31, 2012 40,888,836 14,821,546 6,500,396 21,390,486 (3,274,986) 1,451,394
Stock compensation expense 129,056 0 0 129,056 0 0
Issuance of Stock 77,019 0 46,678 30,341 0 0
Preferred stock dividends paid (1,433,893) 0 0 0 (1,433,893) 0
Accretion on preferred stock 0 71,381 0 0 (71,381) 0
Net income 1,680,809 0 0 0 1,680,809 0
Unrealized holding gains (losses) on securities available for sale, net of reclassification adjustment and taxes (1,208,099) 0 0 0 0 (1,208,099)
BALANCE at Dec. 31, 2013 $ 40,133,728 $ 14,892,927 $ 6,547,074 $ 21,549,883 $ (3,099,451) $ 243,295