CONDENSED FINANCIAL STATEMENTS - PARENT COMPANY ONLY

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 19 - CONDENSED FINANCIAL STATEMENTS - PARENT COMPANY ONLY

Balance Sheets
	December 31,
	2012			2011
Assets
Cash - noninterest bearing	$	660,890		$	337,704
Investment in wholly owned subsidiaries		88,738,823			85,521,824
Other assets		2,864,629			2,755,040
Total Assets	$	92,264,342		$	88,614,568
Liabilities and Stockholders' Equity
Current liabilities	$	845,081		$	788,470
Guaranteed preferred beneficial interest in junior subordinated debentures		12,372,000			12,372,000
Total Liabilities		13,217,081			13,160,470
Stockholders' Equity
Preferred Stock - Series C		20,000,000			20,000,000
Common stock		30,524			30,266
Additional paid in capital		17,873,560			17,367,403
Retained earnings		41,986,633			38,712,194
Accumulated other comprehensive income		139,184			289,599
Unearned ESOP shares		(982,640	)		(945,364	)
Total Stockholders’ Equity		79,047,261			75,454,098
Total Liabilities and Stockholders’ Equity	$	92,264,342		$	88,614,568

Condensed Statements of Income
	Years Ended December 31,
	2012			2011
Interest and Dividend Income
Dividends from subsidiary	$	2,300,000		$	3,275,000
Interest income		93,180			33,307
Interest expense		337,810			316,576
Net Interest Income		2,055,370			2,991,731
Miscellaneous expenses		(608,104	)		(703,332	)
Income before income taxes and equity in undistributed net income of subsidiary		1,447,266			2,288,399
Federal and state income tax benefit		289,929			335,444
Equity in undistributed net income of subsidiary		3,252,719			537,621
Net Income	$	4,989,914		$	3,161,464
Preferred stock dividends		200,000			672,488
Net Income Available to Common Shareholders	$	4,789,914		$	2,488,976

Condensed Statements of Cash Flows
	Years Ended December 31,
	2012			2011
Cash Flows from Operating Activities
Net income	$	4,989,914		$	3,161,464
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of subsidiary		(3,252,719	)		(537,621	)
Stock based compensation		388,715			253,466
Increase in other assets		(89,610	)		(301,185	)
Deferred income tax benefit		(19,980	)		(36,357	)
Increase in current liabilities		56,611			108,595
Net Cash Provided by Operating Activities		2,072,931			2,648,362
Cash Flows from Financing Activities
Dividends paid		(1,421,571	)		(1,932,099	)
Proceeds from Small Business Lending Fund Preferred Stock		-			20,000,000
Redemption of Troubled Asset Relief Program Preferred Stock		-			(16,317,000	)
Downstream of capital to subsidiary		(114,694	)		(3,950,148	)
Exercise of stock options		82,550			121,319
Net change in ESOP loan		(1,942	)		(406,425	)
Redemption of common stock		(294,088	)		(409,965	)
Net Cash Used in Financing Activities		(1,749,745	)		(2,894,318	)
Increase (Decrease) in Cash		323,186			(245,956	)
Cash at Beginning of Year		337,704			583,660
Cash at End of Year	$	660,890		$	337,704