Premises and Equipment and Computer Software (Tables)

12 Months Ended

Dec. 31, 2012

Premises and Equipment and Computer Software [Abstract]

Summary of premises and equipment and related depreciation

A summary of premises and equipment and the related depreciation is as follows:

	Estimated useful life	2012		2011		2010
Land		$	2,087,011	$	2,087,011	$	2,087,011
Premises	5 - 50 years		7,250,793		7,234,540		7,210,852
Furniture and equipment	3 - 20 years		3,558,647		3,840,214		3,599,478
			12,896,451		13,161,765		12,897,341
Accumulated depreciation			6,908,157		7,037,416		6,577,487
Net premises and equipment		$	5,988,294	$	6,124,349	$	6,319,854
Depreciation expense		$	445,198	$	472,202	$	475,848

Summary of capitalized computer software and related amortization

A summary of capitalized computer software and the related amortization is as follows:

	Estimated useful life	2012		2011		2010
Computer software	2 - 10 years	$	922,530	$	953,466	$	850,989
Accumulated amortization			795,710		810,083		761,468
Net computer software		$	126,820	$	143,383	$	89,521
Amortization expense		$	45,667	$	48,615	$	68,924