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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Note 27:      Quarterly Financial Information (Unaudited)

 

The following tables summarize selected quarterly results of operations for 2011 and 2010.

 

December 31, 2011   March     June     September     December  
                         
Interest income   $ 6,810,437     $ 7,053,332     $ 6,893,024     $ 6,752,187  
Interest expense     1,977,135       1,839,934       1,507,592       1,473,420  
Net interest income     4,833,302       5,213,398       5,385,432       5,278,767  
Provision for loan losses     498,840       898,440       297,368       299,040  
Non-interest income     2,862,826       5,096,965       2,474,922       3,422,662  
Non-interest expense     7,059,691       8,398,278       6,823,137       7,971,552  
Income tax expense     126,672       236,852       137,356       157,149  
Net income     10,925       776,793       602,493       273,688  
                                 
Earnings  per share                                
Basic     -       0.16       0.12       0.06  
Diluted     -       0.16       0.12       0.06  
                                 
Dividends per share     -       -       -       -  

 

December 31, 2010   March     June     September     December  
                         
Interest income   $ 7,483,263     $ 7,499,239     $ 7,244,962     $ 7,336,152  
Interest expense     2,578,782       2,441,218       2,364,319       2,217,576  
Net interest income     4,904,481       5,058,021       4,880,643       5,118,576  
Provision for loan losses     1,391,433       6,498,710       898,570       1,798,890  
Non-interest income     6,751,363       4,526,269       4,534,561       5,006,630  
Non-interest expense     11,760,035       15,905,043       8,738,415       15,904,953  
Income tax (benefit)     (647,686 )     (4,612,572 )     (247,696 )     (994,341 )
Net income (loss)     (847,938 )     (8,206,891 )     25,915       (6,584,296 )
                                 
Earnings (loss) per share                                
Basic     (0.17 )     (1.69 )     0.01       (1.36 )
Diluted     (0.17 )     (1.69 )     0.01       (1.36 )
                                 
Dividends per share     -       -       -       -