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Condensed Parent Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] |
BALANCE SHEETS |  |  |  |  |  |  |
|  | December 31, |  | December 31, |
|  | 2014 |  | 2013 |
ASSETS |  |  |  |  |  |  |
Cash |  | $ | 637,635 |  | $ | 3,376,410 |
Investment in subsidiary |  |  | 39,733,504 |  |  | 38,096,440 |
Other assets |  |  | 334,115 |  |  | 435,972 |
Total assets |  | $ | 40,705,254 |  | $ | 41,908,822 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |
Other liabilities |  | $ | 43,149 |  | $ | 35,094 |
Other borrowings |  |  | - |  |  | 1,740,000 |
Total liabilities |  |  | 43,149 |  |  | 1,775,094 |
Stockholders’ equity |  |  | 40,662,105 |  |  | 40,133,728 |
Total liabilities and stockholders’ equity |  | $ | 40,705,254 |  | $ | 41,908,822 |
Condensed Income Statement [Table Text Block] |
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |  |
|  | Years Ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
INCOME |  |  |  |  |  |  |  |  |  |
Dividends |  | $ | - |  | $ | - |  | $ | - |
Interest income |  |  | 665 |  |  | 956 |  |  | - |
|  |  | 665 |  |  | 956 |  |  | - |
EXPENSES |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 19,802 |  |  | 49,836 |  |  | 170,872 |
Other operating expenses |  |  | 476,894 |  |  | 286,105 |  |  | 436,283 |
Loss before equity in undistributed earnings |  |  | (496,031) |  |  | (334,985) |  |  | (607,155) |
Equity in undistributed earnings of subsidiary |  |  | 1,942,913 |  |  | 1,887,294 |  |  | 1,775,918 |
Income tax benefit |  |  | 191,400 |  |  | 128,500 |  |  | 233,300 |
Net income |  |  | 1,638,282 |  |  | 1,680,809 |  |  | 1,402,063 |
Preferred stock dividend requirements |  |  | 1,500,000 |  |  | 1,500,000 |  |  | 1,229,780 |
Accretion on preferred stock discount |  |  | 71,382 |  |  | 71,381 |  |  | 63,924 |
Net income available to common shareholders |  | $ | 66,900 |  | $ | 109,428 |  | $ | 108,359 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2014 |  | 2013 |  | 2012 |
STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |  |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,638,282 |  | $ | 1,680,809 |  | $ | 1,402,063 |
Adjustments to reconcile net income to net cash |  |  |  |  |  |  |  |  |  |
used in operating activities: |  |  |  |  |  |  |  |  |  |
Stock compensation expense |  |  | - |  |  | - |  |  | 74,048 |
Equity in undistributed income of subsidiary |  |  | (1,152,913) |  |  | (1,887,294) |  |  | (1,775,918) |
Other |  |  | 15,856 |  |  | 110,651 |  |  | 1,719,222 |
Net cash used in operating activities |  |  | 501,225 |  |  | (95,834) |  |  | 1,419,415 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Net repayments under other borrowings |  |  | (1,740,000) |  |  | (435,000) |  |  | (870,000) |
Issuance of preferred stock |  |  | - |  |  | - |  |  | 4,858,078 |
Payment of preferred dividends |  |  | (1,500,000) |  |  | (1,433,893) |  |  | (985,917) |
Net cash (used in) provided by financing activities |  |  | (3,240,000) |  |  | (1,868,893) |  |  | 3,002,161 |
NET (DECREASE) INCREASE IN CASH AND CASH |  |  |  |  |  |  |  |  |  |
EQUIVALENTS |  |  | (2,738,775) |  |  | (1,964,727) |  |  | 4,421,576 |
CASH AND CASH EQUIVALENTS, beginning of year |  |  | 3,376,410 |  |  | 5,341,137 |  |  | 919,561 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 637,635 |  | $ | 3,376,410 |  | $ | 5,341,137 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW |  |  |  |  |  |  |  |  |  |
INFORMATION |  |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |  |
Interest |  | $ | 19,802 |  | $ | 85,236 |  | $ | 174,473 |
Income taxes |  |  | - |  |  | - |  |  | - |

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