XML 125 R112.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 19 - Parent Company Financial Information (Details) - Condensed Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income (loss) $ 4,683,213 $ 4,089,622 [1]  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Stock based compensation (income) expense 68,705 59,798  
Net cash provided by (used in) operating activities 9,037,176 8,855,219  
Investing activities:      
Net cash provided by (used in) investing activities (85,341,306) (5,086,991)  
Financing activities:      
Payment to repurchase common stock (909,172) (457,074)  
Vesting of restricted stock awards (954)    
Net cash used in financing activities 58,178,721 28,113,134  
Net increase (decrease) in cash (18,125,409) 31,881,362  
Cash Balance 37,991,268 56,116,677 $ 24,235,315
Parent Company [Member]      
Operating activities:      
Net income (loss) 4,683,213 4,089,622  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Stock based compensation (income) expense 68,705 59,798  
Equity in undistributed (earnings) loss of subsidiary (5,099,001) (4,347,843)  
Upstream dividend received from subsidiary 2,129,000 1,690,000  
Other operating activities (128,775) (57,839)  
Net cash provided by (used in) operating activities 1,653,142 1,433,738  
Investing activities:      
Purchase held-to-maturity investment 0 0  
Sale of income tax receivable to subsidiary 0 0  
Net cash provided by (used in) investing activities 0 0  
Financing activities:      
Payment to repurchase common stock (909,172) (457,074)  
Vesting of restricted stock awards (954) 0  
Additional equity investment in subsidiary 0 0  
Cash paid for dividends (953,010) (962,551)  
Net cash used in financing activities (1,863,136) (1,419,625)  
Net increase (decrease) in cash (209,994) 14,113  
Cash Balance 20,942 230,936  
Parent Company [Member] | Beginning Balance [Member]      
Financing activities:      
Cash Balance 230,936 216,823  
Parent Company [Member] | Ending Balance [Member]      
Financing activities:      
Cash Balance $ 20,942 $ 230,936  
[1] revised for prior period restatement