QUARTERLY FINANCIAL COMPARISON (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

	2012
	Fourth		Third		Second		First
	Quarter		Quarter		Quarter		Quarter
Interest and dividend income	$	10,195,299	$	9,886,656	$	10,102,542	$	10,108,384
Interest expense		2,276,163		2,539,049		2,765,341		3,023,685
Net interest income		7,919,136		7,347,607		7,337,201		7,084,699
Provision for loan loss		1,005,101		746,075		436,431		341,074
Net interest income after provision		6,914,035		6,601,532		6,900,770		6,743,625
Noninterest income		1,364,705		1,302,437		896,795		846,090
Noninterest expense		5,941,961		5,600,784		6,363,686		5,897,419
Income before income taxes		2,336,779		2,303,185		1,433,879		1,692,296
Provision for income taxes		866,211		830,244		492,727		587,043
Net Income	$	1,470,568	$	1,472,941	$	941,152	$	1,105,253
Preferred stock dividends		50,000		50,000		50,000		50,000
Net Income Available to Common Shareholders	$	1,420,568	$	1,422,941	$	891,152	$	1,055,253
Earnings Per Common Share1
Basic	$	0.47	$	0.47	$	0.29	$	0.35
Diluted	$	0.47	$	0.47	$	0.29	$	0.35

	2011
	Fourth		Third		Second		First
	Quarter		Quarter		Quarter		Quarter
Interest and dividend income	$	10,088,665	$	10,134,507	$	9,904,432	$	9,831,790
Interest expense		3,351,796		3,378,500		3,168,429		3,222,317
Net interest income		6,736,869		6,756,007		6,736,003		6,609,473
Provision for loan loss		545,806		644,654		890,861		2,005,830
Net interest income after provision		6,191,063		6,111,353		5,845,142		4,603,643
Noninterest income		1,443,758		1,026,356		952,599		770,327
Noninterest expense		6,937,286		5,277,394		4,923,298		5,111,224
Income before income taxes		697,535		1,860,315		1,874,443		262,746
Provision for income taxes		203,823		653,856		654,648		21,248
Net Income	$	493,712	$	1,206,459	$	1,219,795	$	241,498
Preferred stock dividends		51,111		197,912		211,732		211,733
Net Income Available to Common Shareholders	$	442,601	$	1,008,547	$	1,008,063	$	29,765
Earnings Per Common Share1
Basic	$	0.15	$	0.33	$	0.33	$	0.01
Diluted	$	0.15	$	0.33	$	0.33	$	0.01

⁽¹⁾ Earnings per share are based upon quarterly results and may not be additive to the annual earnings per share amounts.