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Consolidated Statement of Changes in Stockholders' Equity - Unaudited (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, 2013 $ 40,133,728 $ 14,892,927 $ 6,547,074 $ 21,549,883 $ (3,099,451) $ 243,295
Stock compensation expense 80,000 0 0 80,000 0 0
Issuance of common stock, 80,324 shares 191,001 0 80,324 110,677 0 0
Preferred stock dividends paid (750,000) 0 0 0 (750,000) 0
Accretion on preferred stock 0 35,691 0 0 (35,691) 0
Net income 821,634 0 0 0 821,634 0
Unrealized holding losses on securities available for sale, net of reclassification adjustment (107,408) 0 0 0 0 (107,408)
BALANCE at Jun. 30, 2014 $ 40,368,955 $ 14,928,618 $ 6,627,398 $ 21,740,560 $ (3,063,508) $ 135,887