Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 1,551,248	$ 1,660,204
Interest-bearing deposits at other financial institutions	35,327,857	37,222,487
Total cash and cash equivalents	36,879,105	38,882,691
Securities available for sale	86,538,060	86,057,437
Securities held to maturity (fair value approximates of $58,394 and $70,484 at June 30, 2012 and December 31, 2011, respectively)	56,879	68,643
Federal Home Loan Bank stock, at cost	2,322,900	2,322,900
Loans, net of allowance for loan losses of $6,028,690 at June 30, 2012 and $7,400,049 at December 31, 2011	257,720,495	260,364,569
Bank premises and equipment, net	5,574,683	5,712,003
Accrued interest receivable	1,246,603	1,327,458
Foreclosed assets	22,143,571	18,523,960
Other assets	8,391,530	9,395,721
Total Assets	420,873,826	422,655,382
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	43,006,586	43,989,943
Interest-bearing demand deposits	28,501,796	22,353,384
Savings deposits and money market accounts	60,693,247	46,857,118
Time deposits	189,537,978	200,841,499
Total deposits	321,739,607	314,041,944
Federal funds purchased and securities sold under agreements to repurchase	23,299,119	29,390,810
Federal Home Loan Bank advances and other borrowings	37,610,000	43,045,000
Accrued interest payable	114,503	110,703
Other liabilities	1,351,440	858,620
Total Liabilities	384,114,669	387,447,077
Stockholders' Equity:
Preferred stock - no par value; 2,000,000 shares authorized; 448,049 shares issued and outstanding in 2012 and 403,989 shares issued and outstanding in 2011	11,018,339	9,899,544
Common stock - $l.00 par value; 20,000,000 shares authorized; 6,709,199 issued in 2012 and 2011; 6,500,396 outstanding in 2012 and 2011	6,500,396	6,500,396
Additional paid-in capital	21,353,462	21,316,438
Retained deficit	(3,429,846)	(3,627,208)
Accumulated other comprehensive income	1,316,806	1,119,135
Total Stockholders' Equity	36,759,157	35,208,305
Total Liabilities and Stockholders' Equity	$ 420,873,826	$ 422,655,382