Assets and liabilities measured at fair value on a recurring basis at June 30, 2012 and December 31, 2011 are as follows:

	Quoted Market Price in active markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at June 30, 2012
US Treasury Note	$	6,260,625	$	-	$	-	$	6,260,625
Government Sponsored Enterprises	$	-	$	18,440,831	$	-	$	18,440,831
Municipal Securities	$	-	$	31,483,188	$	-	$	31,483,188
Mortgage loans held for sale	$	-	$	6,508,401	$	-	$	6,508,401
Total	$	6,260,625	$	56,432,420	$	-	$	62,693,045

	Quoted Market Price in active markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at December 31, 2011
US Treasury Note	$	6,310,782	$	-	$	-	$	6,310,782
Government Sponsored Enterprises	$	-	$	18,434,117	$	-	$	18,434,117
Municipal Securities	$	-	$	34,807,261	$	-	$	34,807,261
Mortgage loans held for sale	$	-	$	7,578,587	$	-	$	7,578,587
Total	$	6,310,782	$	60,819,965	$	-	$	67,130,747

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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