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Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 2,222,077 $ 2,149,467
Interest-bearing deposits at other financial institutions 16,818,780 22,702,270
Total cash and cash equivalents 19,040,857 24,851,737
Securities available for sale 83,314,607 92,208,672
Securities held to maturity (fair value $31,309 and $35,027 at June 30, 2014 and December 31, 2013, respectively) 30,993 34,165
Federal Home Loan Bank stock, at cost 2,322,900 2,322,900
Loans, net of allowance for loan losses of $3,329,789 and $3,203,158 at June 30, 2014 and December 31, 2013, respectively 289,039,362 286,236,578
Bank premises and equipment, net 4,862,213 4,992,449
Accrued interest receivable 1,082,522 977,925
Foreclosed assets 12,996,286 12,925,748
Other assets 7,221,565 7,673,179
Total assets 419,911,305 432,223,353
Deposits:    
Noninterest-bearing demand deposits 65,965,561 75,206,540
Interest-bearing demand deposits 26,241,666 24,563,987
Savings deposits and money market accounts 82,268,935 86,329,930
Time deposits 156,935,842 155,313,920
Total deposits 331,412,004 341,414,377
Accrued interest payable 80,077 82,320
Federal funds purchased and securities sold under agreements to repurchase 21,913,135 22,974,117
Federal Home Loan Bank advances and other borrowings 25,000,000 26,740,000
Other liabilities 1,137,134 878,811
Total liabilities 379,542,350 392,089,625
Stockholders' equity:    
Preferred stock - no par value; 2,000,000 shares authorized; 600,000 shares issued and outstanding in 2014 and 2013 14,928,618 14,892,927
Common stock - $1.00 par value; 20,000,000 shares authorized; 6,709,199 shares issued in 2014 and 2013; 6,627,398 and 6,547,074 shares outstanding in 2014 and 2013, respectively 6,627,398 6,547,074
Additional paid-in capital 21,740,560 21,549,883
Accumulated deficit (3,063,508) (3,099,451)
Accumulated other comprehensive income 135,887 243,295
Total stockholders' equity 40,368,955 40,133,728
Total liabilities and stockholders' equity $ 419,911,305 $ 432,223,353