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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheets | CONDENSED BALANCE SHEETS December 31, 2013 and 2012
|  | 2013 |  |  | 2012 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 1,734,335 |  |  | $ | 2,382,695 |
Investment in subsidiaries |  |  | 49,931,446 |  |  |  | 56,601,461 |
Other assets |  |  | 200,563 |  |  |  | 286,506 |
Total assets |  | $ | 51,866,344 |  |  | $ | 59,270,662 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Borrowings |  |  | 8,248,000 |  |  |  | 8,248,000 |
Accrued expenses and other liabilities |  |  | 1,777,656 |  |  |  | 1,454,864 |
Shareholders’ equity |  |  | 41,840,688 |  |  |  | 49,567,798 |
Total liabilities and shareholders’ equity |  | $ | 51,866,344 |  |  | $ | 59,270,662 |
Condensed Statement of Operations | CONDENSED STATEMENTS OF OPERATIONS Years Ended December 31, 2013, 2012 and 2011
|  | 2013 |  |  | 2012 |  |  | 2011 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenue |  |  | — |  |  |  | — |  |  |  | — |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest on subordinated debt |  |  | 292,725 |  |  |  | 308,797 |  |  |  | 294,631 |
Other expenses |  |  | 395,056 |  |  |  | 699,646 |  |  |  | 319,070 |
Total expenses |  |  | 687,781 |  |  |  | 1,008,443 |  |  |  | 613,701 |
Loss before equity in undistributed net loss of subsidiaries |  |  | (687,781 | ) |  |  | (1,008,443 | ) |  |  | (613,701 | )
Equity in undistributed net (loss) income of subsidiaries |  |  | (6,601,165 | ) |  |  | 472,279 |  |  |  | (14,845,785 | )
Net loss |  | $ | (7,288,946 | ) |  | $ | (536,164 | ) |  | $ | (15,459,486 | )
Condensed Statement of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS Years Ended December 31, 2013, 2012 and 2001
|  | 2013 |  |  | 2012 |  |  | 2011 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (7,288,946 | ) |  | $ | (536,164 | ) |  | $ | (15,459,486 | )
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed loss (income) of subsidiaries |  |  | 6,601,165 |  |  |  | (472,279 | ) |  |  | 14,845,785 |
Share-based compensation expense |  |  | 130,686 |  |  |  | 306,421 |  |  |  | — |
Change in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Decrease (increase) in other assets |  |  | 85,943 |  |  |  | (68,213 | ) |  |  | 373,920 |
Increase in accrued expenses and other liabilities |  |  | 322,792 |  |  |  | 187,422 |  |  |  | 341,801 |
Net cash (used in) provided by operating activities |  |  | (148,360 | ) |  |  | (582,813 | ) |  |  | 102,020 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Net investment in bank subsidiary |  |  | (500,000 | ) |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | (500,000 | ) |  |  | — |  |  |  | — |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of common stock |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by financing activities |  |  | — |  |  |  | — |  |  |  | — |
Net (decrease) increase in cash and cash equivalents |  |  | (648,360 | ) |  |  | (582,813 | ) |  |  | 102,020 |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |
Beginning |  |  | 2,382,695 |  |  |  | 2,965,508 |  |  |  | 2,863,488 |
Ending |  | $ | 1,734,335 |  |  | $ | 2,382,695 |  |  | $ | 2,965,508 |
Supplemental Disclosures of Cash Flow Information |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | — |  |  | $ | — |  |  | $ | — |
Accrued dividends declared on common stock |  | $ | — |  |  | $ | — |  |  | $ | — |

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