XML 23 R78.htm IDEA: XBRL DOCUMENT v2.4.0.6
12. Income Taxes (Details 3) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Components of the deferred tax asset:    
Bad debts $ 1,396,437 $ 1,147,235
Non-accrual loan interest 26,907 99,972
Deferred compensation 245,037 222,210
Limited partnerships 84,741 0
Contingent liability - MPF program 40,526 42,139
Fair value adjustment on acquired securities available-for-sale 0 528,205
Fannie Mae preferred stock write down 0 251,373
Capital lease 71,041 66,995
Alternative minimum tax 0 59,031
Fair value adjustment on acquired premises and equipment 0 153,862
Tax and rehab credit carryforwards 604,096 0
Other 34,789 112,310
Total deferred tax asset 2,503,574 2,683,332
Components of the deferred tax liability:    
Depreciation 260,607 298,260
Limited partnerships 0 255,280
Mortgage servicing rights 343,271 373,130
Unrealized gain on securities available-for-sale 88,482 68,892
Investment in Partners 44,991 0
Core deposit intangible 463,582 579,478
Fair value adjustment on acquired loans 54,513 72,544
Total deferred tax liability 1,255,446 1,647,584
Net deferred tax asset $ 1,248,128 $ 1,035,748