XML 60 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 3,604,316us-gaap_Cash $ 3,453,032us-gaap_Cash
Interest-bearing deposits in other financial institutions 8,889,574us-gaap_CertificatesOfDepositAtCarryingValue 8,850,168us-gaap_CertificatesOfDepositAtCarryingValue
Cash and cash equivalents 12,493,890us-gaap_CashAndCashEquivalentsAtCarryingValue 12,303,200us-gaap_CashAndCashEquivalentsAtCarryingValue
Available-for-sale securities 86,467,985us-gaap_AvailableForSaleSecurities 97,692,685us-gaap_AvailableForSaleSecurities
Held-to-maturity securities 60,993us-gaap_HeldToMaturitySecurities 79,162us-gaap_HeldToMaturitySecurities
Stock in Federal Home Loan Bank, at cost 3,156,900us-gaap_FederalHomeLoanBankStock 2,885,100us-gaap_FederalHomeLoanBankStock
Mortgage loans held for sale 1,214,632us-gaap_LoansHeldForSaleMortgages 623,432us-gaap_LoansHeldForSaleMortgages
Loans receivable, net of allowance for loan losses at December 31, 2014 and 2013 - $6,588,597 and $7,801,600, respectively 486,586,636us-gaap_LoansAndLeasesReceivableNetReportedAmount 464,379,854us-gaap_LoansAndLeasesReceivableNetReportedAmount
Loans 1,704,374gfed_InterestReceivableLoans 1,462,881gfed_InterestReceivableLoans
Investments and interest-bearing deposits 325,684gfed_InterestReceivableInvestmentsAndInterestbearingDeposits 389,760gfed_InterestReceivableInvestmentsAndInterestbearingDeposits
Prepaid expenses and other assets 4,530,191us-gaap_PrepaidExpenseAndOtherAssets 5,536,879us-gaap_PrepaidExpenseAndOtherAssets
Foreclosed assets held for sale 3,165,447us-gaap_ForeclosedAssets 3,821,976us-gaap_ForeclosedAssets
Premises and equipment, net 10,602,763us-gaap_PropertyPlantAndEquipmentNet 10,886,720us-gaap_PropertyPlantAndEquipmentNet
Bank owned life insurance 14,417,220us-gaap_BankOwnedLifeInsurance 14,043,697us-gaap_BankOwnedLifeInsurance
Income taxes receivable 320,416us-gaap_IncomeTaxesReceivable 504,138us-gaap_IncomeTaxesReceivable
Deferred income taxes 3,412,513us-gaap_DeferredTaxAssetsNet 5,278,651us-gaap_DeferredTaxAssetsNet
628,459,644us-gaap_Assets 619,888,135us-gaap_Assets
LIABILITIES    
Deposits 479,818,282us-gaap_Deposits 487,318,939us-gaap_Deposits
Federal Home Loan Bank and Federal Reserve Bank advances 60,350,000gfed_FederalHomeLoanBankAndFederalReserveBankAdvances 55,350,000gfed_FederalHomeLoanBankAndFederalReserveBankAdvances
Securities sold under agreements to repurchase 10,000,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 10,000,000us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Subordinated debentures 15,465,000us-gaap_SubordinatedDebt 15,465,000us-gaap_SubordinatedDebt
Advances from borrowers for taxes and insurance 143,984us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsurance 149,668us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsurance
Accrued expenses and other liabilities 963,386us-gaap_AccruedLiabilitiesCurrentAndNoncurrent 998,934us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
Accrued interest payable 242,145us-gaap_InterestPayableCurrentAndNoncurrent 250,361us-gaap_InterestPayableCurrentAndNoncurrent
566,982,797us-gaap_Liabilities 569,532,902us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Series A preferred stock, $0.01 par value; authorized 2,000,000 shares; issued and outstanding December 31, 2013 - 12,000 shares   11,983,790us-gaap_PreferredStockValue
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2014 and 2013 - 6,823,203 and 6,783,603 shares, respectively 682,320us-gaap_CommonStockValue 678,360us-gaap_CommonStockValue
Additional paid-in capital 50,366,546us-gaap_AdditionalPaidInCapital 57,655,031us-gaap_AdditionalPaidInCapital
Retained earnings, substantially restricted 48,549,691us-gaap_RetainedEarningsAccumulatedDeficit 43,769,485us-gaap_RetainedEarningsAccumulatedDeficit
Unrealized loss on available-for-sale securities, net of income taxes; December 31, 2014 and 2013 - ($263,358) and ($1,471,923), respectively (448,421)us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax (2,506,248)us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
99,150,136us-gaap_StockholdersEquityBeforeTreasuryStock 111,580,418us-gaap_StockholdersEquityBeforeTreasuryStock
Treasury stock, at cost; December 31, 2014 and December 31, 2013 - 2,492,552 and 4,051,248 shares, respectively (37,673,289)us-gaap_TreasuryStockValue (61,225,185)us-gaap_TreasuryStockValue
61,476,847us-gaap_StockholdersEquity 50,355,233us-gaap_StockholdersEquity
$ 628,459,644us-gaap_LiabilitiesAndStockholdersEquity $ 619,888,135us-gaap_LiabilitiesAndStockholdersEquity