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Consolidated Statement of Changes in Stockholders' Equity - 6 months ended Jun. 30, 2015 - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
BALANCE at Dec. 31, 2014 $ 40,662,105 $ 14,964,309 $ 6,627,398 $ 21,821,060 $ (3,032,551) $ 281,889
Stock compensation expense 132,000 0 0 132,000 0 0
Issuance of common stock, 15,943 shares 35,743 0 15,943 19,800 0 0
Preferred stock dividends paid (750,000) 0 0 0 (750,000) 0
Accretion on preferred stock 0 35,691 0 0 (35,691) 0
Net income 797,841 0 0 0 797,841 0
Unrealized holding losses on securities available for sale, net of reclassification adjustment (181,064) 0 0 0 0 (181,064)
BALANCE at Jun. 30, 2015 $ 40,696,625 $ 15,000,000 $ 6,643,341 $ 21,972,860 $ (3,020,401) $ 100,825