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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
Total
Preferred Stock
Common Stock
Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Unearned ESOP Shares
Beginning Balance at Dec. 31, 2009 $ 68,189,849 $ 16,317,000 $ 29,760 $ 16,754,627 $ 35,193,958 $ 284,474 $ (389,970)
Comprehensive Income              
Net income 4,765,701       4,765,701    
Unrealized holding loss on investment securities net of tax of $64,419 in 2011 and $61,452 in 2010 119,463         119,463  
Other than temporary impairment amortization on HTM securities net of tax of $3,735 7,251         7,251  
Total Comprehensive Income 4,892,415            
Cash dividend $0.40 per share (1,196,187)       (1,196,187)    
Preferred stock dividends (846,930)       (846,930)    
Exercise of stock options 147,799   237 147,562      
Net change in unearned ESOP shares (118,290)   44       (118,334)
Repurchase of common stock (24,000)   (15)   (23,985)    
Tax effect of ESOP dividend 55,713     55,713      
Tax effect of Non-ISO shares 4,558     4,558      
Ending Balance at Dec. 31, 2010 71,104,927 16,317,000 30,026 16,962,460 37,892,557 411,188 (508,304)
Comprehensive Income              
Net income 3,161,464       3,161,464    
Unrealized holding loss on investment securities net of tax of $64,419 in 2011 and $61,452 in 2010 (128,840)         (128,840)  
Other than temporary impairment amortization on HTM securities net of tax of $3,735 7,251         7,251  
Total Comprehensive Income 3,039,875            
Cash dividend $0.40 per share (1,209,856)       (1,209,856)    
Preferred stock dividends (722,243)       (722,243)    
Exercise of stock options 121,319   238 121,081      
Net change in unearned ESOP shares (436,973)   87       (437,060)
Repurchase of common stock (409,965)   (237)   (409,728)    
Stock based compensation 253,466   152 253,314      
Tax effect of ESOP dividend 30,548     30,548      
Redemption of capital purchase program series A and series B preferred stock (16,317,000) (16,317,000)          
Proceeds from issuance of series C preferred stock to Small Business Lending Fund 20,000,000 20,000,000          
Ending Balance at Dec. 31, 2011 $ 75,454,098 $ 20,000,000 $ 30,266 $ 17,367,403 $ 38,712,194 $ 289,599 $ (945,364)