Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 5,453,795	$ 5,261,080
Federal funds sold	8,446,000	5,643,000
Cash and cash equivalents	13,899,795	$ 10,904,080
Interest-bearing deposits in other institutions	1,500,000
Investment securities available for sale	10,687,851	$ 15,615,526
Non-marketable equity securities	392,500	609,650
Loans, net of an allowance for loan losses of $1,139,509 and $1,032,776, respectively	66,402,246	67,994,667
Accrued interest receivable	232,215	291,288
Property, equipment, and software, net	2,198,796	2,384,007
Other real estate owned and repossessed assets	1,910,220	2,557,457
Other assets	243,683	355,307
Total assets	97,467,306	100,711,982
Deposits:
Non-interest bearing	13,010,209	11,016,882
Interest bearing	70,557,116	71,857,781
Total deposits	$ 83,567,325	82,874,663
Federal Home Loan Bank advances		5,000,000
Note payable		600,000
Securities sold under agreements to repurchase	$ 113,080	153,603
Accrued interest payable	7,909	8,226
Accounts payable and accrued expenses	1,134,833	2,664,910
Total liabilities	$ 84,823,147	$ 91,301,402
Commitments and contingencies - notes 13 and 14
Shareholders' equity
Common stock, par value $.01 per share; 300,000,000 shares authorized; 20,502,760 shares issued and outstanding	$ 205,028	$ 205,028
Additional paid-in capital	43,043,473	35,124,151
Accumulated other comprehensive income	113,846	1,154
Accumulated deficit	(30,718,272)	(25,919,753)
Total shareholders' equity	12,644,159	9,410,580
Total liabilities and shareholders' equity	97,467,306	$ 100,711,982
Series A Preferred Stock [Member]
Shareholders' equity
Preferred stock, par value $.01 per share; 10,000,000 shares authorized; 8,425 Series A shares issued and outstanding	$ 84