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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS) (USD $)
Total
Preferred Stock
Common Stock
Nonvoting Common Stock
Non-Vested Restricted Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Comprehensive Income (Loss)
Balance at Dec. 31, 2008 $ 33,658,156   $ 2,230,065 $ 90,000   $ 7,611,405 $ 25,465,012 $ (1,813,080) $ 74,754  
Balance (in shares) at Dec. 31, 2008     2,230,065 90,000       (219,913)    
Increase (Decrease) in Stockholders' Equity                    
Net income 1,026,565           1,026,565     1,026,565
Unrealized holding gains (losses) on investment securities available for sale-net of taxes of $1,530,186, $306,484 and $588,890 for period ended December 31, 2011, 2010 and 2009, respectively 1,143,139               1,143,139 1,143,139
Less reclassification adjustment for holding gains included in net income-net of taxes of $68,483, $200,644 and $229,984 for period ended December 31, 2011, 2010 and 2009, respectively (446,441)               (446,441) (446,441)
Comprehensive income (loss) 1,723,263                 1,723,263
Stock based compensation expense 33,751         33,751        
Nonvested restricted stock 10,302       (51,532) 61,834        
Issuance and exchange of preferred stock, net 7,462,000 7,462,000                
Issuance and exchange of preferred stock, net (in shares)   7,462                
Sale of treasury stock 8,139             8,139    
Sale of treasury stock (in shares)               2,382    
Dividends declared on preferred stock-$20, $27.87 and $34.583 per share for period ended December 31, 2011, 2010 and 2009, respectively (258,061)           (258,061)      
Dividends declared on common stock-$0.08, $0.08 and $0.19 per share for period ended December 31, 2011, 2010 and 2009, respectively (399,191)           (399,191)      
Balance at Dec. 31, 2009 42,238,359 7,462,000 2,230,065 90,000 (51,532) 7,706,990 25,834,325 (1,804,941) 771,452  
Balance (in shares) at Dec. 31, 2009   7,462 2,230,065 90,000       (217,531)    
Increase (Decrease) in Stockholders' Equity                    
Net income 629,196           629,196     629,196
Unrealized holding gains (losses) on investment securities available for sale-net of taxes of $1,530,186, $306,484 and $588,890 for period ended December 31, 2011, 2010 and 2009, respectively (594,940)               (594,940) (594,940)
Less reclassification adjustment for holding gains included in net income-net of taxes of $68,483, $200,644 and $229,984 for period ended December 31, 2011, 2010 and 2009, respectively (389,485)               (389,485) (389,485)
Comprehensive income (loss) (355,229)                 (355,229)
Stock based compensation expense 41,662         41,662        
Nonvested restricted stock 2,511       (55,319) 57,830        
Issuance and exchange of preferred stock, net 4,379,000 4,379,000                
Issuance and exchange of preferred stock, net (in shares)   4,379                
Issuance of common stock 9,670   3,213     6,457        
Issuance of common stock (in shares)     3,213              
Dividends declared on preferred stock-$20, $27.87 and $34.583 per share for period ended December 31, 2011, 2010 and 2009, respectively (330,001)           (330,001)      
Dividends declared on common stock-$0.08, $0.08 and $0.19 per share for period ended December 31, 2011, 2010 and 2009, respectively (169,051)           (169,051)      
Balance at Dec. 31, 2010 45,816,921 11,841,000 2,233,278 90,000 (106,851) 7,812,939 25,964,469 (1,804,941) (212,973)  
Balance (in shares) at Dec. 31, 2010   11,841 2,233,278 90,000       (217,531)    
Increase (Decrease) in Stockholders' Equity                    
Net income 268,626           268,626     268,626
Unrealized holding gains (losses) on investment securities available for sale-net of taxes of $1,530,186, $306,484 and $588,890 for period ended December 31, 2011, 2010 and 2009, respectively 2,970,361               2,970,361 2,970,361
Less reclassification adjustment for holding gains included in net income-net of taxes of $68,483, $200,644 and $229,984 for period ended December 31, 2011, 2010 and 2009, respectively (132,938)               (132,938) (132,938)
Comprehensive income (loss) 3,106,049                 3,106,049
Nonvested restricted stock 5,062       21,063 (16,001)        
Purchase of treasury stock (5,372)             (5,372)    
Purchase of treasury stock (in shares)               (1,541)    
Issuance of common stock 16,001   4,079     11,922        
Issuance of common stock (in shares)     4,079              
Dividends declared on preferred stock-$20, $27.87 and $34.583 per share for period ended December 31, 2011, 2010 and 2009, respectively (236,820)           (236,820)      
Dividends declared on common stock-$0.08, $0.08 and $0.19 per share for period ended December 31, 2011, 2010 and 2009, respectively (168,663)           (168,663)      
Balance at Dec. 31, 2011 $ 48,533,178 $ 11,841,000 $ 2,237,357 $ 90,000 $ (85,788) $ 7,808,860 $ 25,827,612 $ (1,810,313) $ 2,624,450  
Balance (in shares) at Dec. 31, 2011   11,841 2,237,357 90,000       (219,072)