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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE [Abstract]  
Schedule of calculation of net income per common share
The calculation of net loss per common share for the years ended December 31 is as follows:

   
2012
 
2011
 
BASIC AND DILUTED:
             
Net loss
 
$
(20,333,000
)
$
(4,705,000
)
Preferred stock dividends
   
(945,000
)
 
(725,000
)
Net loss available to common stockholders
 
$
(21,278,000
)
$
(5,430,000
)
               
Average common shares outstanding
   
7,422,454
   
7,413,455
 
Basic and diluted net loss per share
 
$
(2.87
)
$
(0.73
)