| Earnings Per Share [Text Block] |
Note 9 – Net Income (Loss) Per Share Net income (loss) available to common shareholders represents net income (loss) adjusted for preferred dividends including dividends declared, accretions of discounts and amortization of premiums on preferred stock issuances and cumulative dividends related to the current dividend period that have not been declared as of period end. The following is a summary of the net income (loss) per common share calculations for the three months and six months ended June 30, 2012 and 2011. | | | Three Months Ended | | | Six Months Ended | | | | | June 30, | | | June 30, | | | | | 2012 | | | 2011 | | | 2012 | | | 2011 | | | Net income (loss) available to common shareholders | | | | | | | | | | | | | | | | | | Net income | | $ | 79,830 | | | $ | 421,520 | | | $ | 458,318 | | | $ | 536,190 | | | Preferred stock dividends | | | 249,247 | | | | 249,247 | | | | 498,495 | | | | 498,495 | | | Deemed dividends on preferred stock resulting from net accretion of discount and amortization of premium | | | 44,388 | | | | 44,388 | | | | 88,776 | | | | 88,288 | | | Net income (loss) available to common shareholders | | $ | (213,805 | ) | | $ | 127,885 | | | $ | (128,953 | ) | | $ | (50,593 | ) |
| | | Three Months Ended | | | Six Months Ended | | | | | June 30, | | | June 30, | | | | | 2012 | | | 2011 | | | 2012 | | | 2011 | | | Basic net income (loss) per common share: | | | | | | | | | | | | | | | | | | Net income (loss) available to common shareholders | | $ | (213,805 | ) | | $ | 127,885 | | | $ | (128,953 | ) | | $ | (50,593 | ) | | Average common shares outstanding - basic | | | 4,096,774 | | | | 4,104,808 | | | | 4,091,314 | | | | 4,107,626 | | | Basic net income (loss) per share | | $ | (0.05 | ) | | $ | 0.03 | | | $ | (0.03 | ) | | $ | (0.01 | ) | | | | | | | | | | | | | | | | | | | | Diluted net income (loss) per common share: | | | | | | | | | | | | | | | | | | Net income (loss) available to common shareholders | | $ | (213,805 | ) | | $ | 127,885 | | | $ | (128,953 | ) | | $ | (50,593 | ) | | Average common shares outstanding - basic | | | 4,096,774 | | | | 4,104,808 | | | | 4,091,314 | | | | 4,107,626 | | | Dilutive potential common shares | | | - | | | | 352,769 | | | | - | | | | - | | | Average common shares outstanding - diluted | | | 4,096,774 | | | | 4,457,577 | | | | 4,091,314 | | | | 4,107,626 | | | Diluted income (loss) per share | | $ | (0.05 | ) | | $ | 0.03 | | | $ | (0.03 | ) | | $ | (0.01 | ) |
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