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Note 11 - Subsequent Event
3 Months Ended
Mar. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 11: Subsequent Event


On April 3, 2014, the Company received approval from the Board of Governors of the Federal Reserve System to redeem the Company’s $12 million of Series A Preferred Stock that currently carries a coupon rate of 9.0% per annum. The Series A Preferred Stock was originally issued to the Treasury in January 2009 as part of their CPP and was sold to other investors in April 2013 through a public auction. The Company provided the holders of the Series A Preferred Stock with a formal notice of redemption and thirty days thereafter redeemed the Series A Preferred Stock on May 7, 2014, including all accrued and unpaid dividends.