DEPOSITS

12 Months Ended

Dec. 31, 2011

Deposits:

DEPOSITS

5.	DEPOSITS
	At December 31, 2011, 2010, and 2009 certificates of deposit of $100,000 or more totaled approximately $38,638,528, $45,523,280, and $41,929,687 respectively. Interest expense on these deposits was $377,839 in 2011,$540,048 in 2010, and $712,898 in 2009.

At December 31, 2011, the schedule maturities of certificates of deposit are as follows:

2012	$	55,069,291
2013		680,229
2014		134,447
2015		104,358
2016 and thereafter		67,043
	$	56,055,368

At December 31, 2011, deposits with a deficit balance of $55,374 were re-classified as other loans, compared to $51,949 at December 31, 2010.