XML 40 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Changes in Shareholders' Equity (USD $)
Total
Preferred Stock
Common Stock Warrants
Common Stock
Unearned ESOP Shares
Capital Surplus
Retained Earnings (deficit)
Accumulated other Comprehensive income (loss)
Balance at Dec. 31, 2010 $ 23,642,659 $ 13,736,892 $ 1,112,248 $ 42,772 $ (1,907,361) $ 43,404,879 $ (32,504,156) $ (242,615)
Balance (in shares) at Dec. 31, 2010   14,448   4,277,176        
Increase (Decrease) in Shareholders' Equity                
Allocation of unearned ESOP shares (51,508)         (51,508)    
Preferred stock, dividend declared and paid (180,600)           (180,600)  
Accretion of discount on preferred stock   55,368         (55,368)  
Repayment of Guarantee of ESOP borrowings 56,564       56,564      
Net income (loss) (4,230,489)           (4,230,489)  
Other comprehensive (loss) income, net of taxes of $258,024 and $11,986 for the three months ended March 31, 2012 and 2011, respectively 19,557             19,557
Balance at Mar. 31, 2011 19,256,183 13,792,260 1,112,248 42,772 (1,850,797) 43,353,371 (36,970,613) (223,058)
Balance (in shares) at Mar. 31, 2011   14,448   4,277,176        
Balance at Dec. 31, 2011 14,058,282 13,958,364 1,112,248 42,772 (1,681,103) 43,188,836 (42,560,223) (2,612)
Balance (in shares) at Dec. 31, 2011   14,448   4,277,176        
Increase (Decrease) in Shareholders' Equity                
Allocation of unearned ESOP shares (26,675)         (26,675)    
Preferred stock, dividend declared and paid (180,600)           (180,600)  
Accretion of discount on preferred stock   59,172         (59,172)  
Repayment of Guarantee of ESOP borrowings 26,675       26,675      
Net income (loss) 263,459           263,458  
Other comprehensive (loss) income, net of taxes of $258,024 and $11,986 for the three months ended March 31, 2012 and 2011, respectively (420,987)             (420,987)
Balance at Mar. 31, 2012 $ 13,720,153 $ 14,017,536 $ 1,112,248 $ 42,772 $ (1,654,428) $ 43,162,161 $ (42,536,537) $ (423,599)
Balance (in shares) at Mar. 31, 2012   14,448   4,277,176