Assets Measured at Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Assets Measured at Fair Value [Abstract]

Available for sale investment securities measured at fair value on a recurring basis

 At June 30, 2012, values for available for sale investment securities measured at fair value on a recurring basis were established as follows:

	Total		Level 1 Inputs		Level 2 Inputs
Measured on a recurring basis
U.S. Treasury	$	43,142,889	$	43,142,889	$	-
State and municipal		403,886		-		403,886
Equity		1,685,979		422,224		1,263,755
Total assets measured on a recurring basis	$	45,232,754	$	43,565,113	$	1,667,641

Impaired loans and other real estate owned measured at fair value on a non-recurring basis

 At June 30, 2012, values for impaired loans and other real estate owned measured at fair value on a non-recurring basis were established as follows:

	Total		Level 1 Inputs		Level 2 Inputs
Measured on a non-recurring basis
Impaired loans	$	3,379,021	$	-	$	3,379,021
Other real estate owned		1,659,260		-		1,659,260
Total assets measured on a non-recurring basis	$	5,038,281	$	-	$	5,038,281