Note 19 - Condensed Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

Balance Sheets	December 31,
	2012			2011
Assets
Cash	$	681,509		$	781,432
Available-for-sale securities		70,914			62,262
Due from subsidiary		20,795			21,295
Investment in subsidiary		64,069,125			67,649,693
Investment in Capital Trust I & II		465,000			465,000
Prepaid expenses and other assets		35,579			183,508
Refundable income taxes		1,152,319			717,319
Deferred income taxes		2,592			5,793
	$	66,497,833		$	69,886,302
Liabilities
Subordinated debentures	$	15,465,000		$	15,465,000
Accrued expenses and other liabilities		164,263			186,455
Stockholders' equity
Series A preferred stock		11,789,276			16,425,912
Common stock		678,180			677,980
Common stock warrants		1,377,811			1,377,811
Additional paid-in capital		58,267,529			58,333,614
Unearned ESOP shares		-			(204,930	)
Retained earnings		39,324,292			38,456,991
Unrealized appreciation on available-for-sale securities, net		800,826			791,285
Treasury stock		(61,369,344	)		(61,623,816	)
	$	66,497,833		$	69,886,302

Schedule of Condensed Income Statement [Table Text Block]

Statements of Income	Years ended December 31,
	2012			2011			2010
Income
Dividends from subsidiary bank	$	6,500,000		$	1,000,000		$	-
Interest income:
Related party		8,471			14,753			25,933
Other		19,510			18,369			30,783
		6,527,981			1,033,122			56,716
Expense
Interest expense:
Related party		556,159			610,929			1,023,783
Other		878,305			462,971			463,502
		1,434,464			1,073,900			1,487,285
Income (loss) before income taxes and equity in undistributed income (loss) of subsidiaries		5,093,517			(40,778	)		(1,430,569	)
Credit for income taxes		(435,000	)		(349,000	)		(480,000	)
Income (loss) before equity in undistributed earnings of subsidiaries		5,528,517			308,222			(950,569	)
Equity in undistributed income (distribution in excess of income) of subsidiaries		(3,584,658	)		3,527,417			2,081,340
Net income	$	1,943,859		$	3,835,639		$	1,130,771

Schedule of Condensed Cash Flow Statement [Table Text Block]

Statements of Cash Flows	Years ended December 31,
	2012			2011			2010
Cash Flows From Operating Activities
Net income	$	1,943,859		$	3,835,639		$	1,130,771
Items not requiring (providing) cash:
(Equity in undistributed income) distributions in excess of income of subsidiaries		3,584,658			(3,527,417	)		(2,081,340	)
Deferred income taxes		-			38,834			-
Release of ESOP shares		153,848			126,737			100,014
Stock award plan expense		253,017			186,654			109,386
Changes in:
Prepaid expenses and other assets		147,929			104,176			103,787
Income taxes payable/refundable		(435,000	)		(217,833	)		(104,143	)
Accrued expenses		9,058			(59,682	)		(18,376	)
Net cash provided by (used in) operating activities		5,657,369			487,108			(759,901	)
Cash Flows From Financing Activities
Stock options exercised		12,388			-			-
Cash dividends paid on common and preferred stock		(744,444	)		(850,000	)		(850,000	)
Treasury stock purchased		(25,736	)		(53,230	)		(6,540	)
Repayment of advances from subsidiary		500			-			900
Redemption of preferred stock		(5,000,000	)		-			-
Net cash used in financing activities		(5,757,292	)		(903,230	)		(855,640	)
Decrease in cash		(99,923	)		(416,122	)		(1,615,541	)
Cash, beginning of year		781,432			1,197,553			2,813,094
Cash, end of year	$	681,509		$	781,431		$	1,197,553

Statements of Comprehensive Income	Years ended December 31,
	2012		2011			2010
NET INCOME	$	1,943,859	$	3,835,639		$	1,130,771
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in unrealized gain on investment securities available-for-sale, before income taxes		8,652		(15,658	)		12,872
Income tax expense (credit) related to other items of comprehensive income		3,200		(5,794	)		4,763
Other comprehensive income (loss)		5,452		(9,864	)		8,109
Comprehensive income (loss) of Bank		4,089		(1,041,855	)		138,393
TOTAL COMPREHENSIVE INCOME	$	1,953,400	$	2,783,920		$	1,277,273