Securities (Tables)

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Amortized cost and fair value of securities

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2012
U.S. Government sponsored enterprises (GSEs)	$	2,000,000	$	—	$	(5,690	)	$	1,994,310
State, county and municipals		10,143,066		90,186		(33,240	)		10,200,012
Mortgage-backed securities GSE residential		30,669,797		206,142		(77,275	)		30,798,664
Trust preferred securities		365,438		—		—			365,438
Total debt securities		43,178,301		296,328		(116,205	)		43,358,424
Equity securities		50,000		—		—			50,000
Total securities	$	43,228,301	$	296,328	$	(116,205	)	$	43,408,424

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2011
State, county and municipals	$	16,076,970	$	73,281	$	(186,020	)	$	15,964,231
Mortgage-backed securities GSE residential		25,738,730		201,977		(16,236	)		25,924,471
Trust preferred securities		627,875		—		—			627,875
Total debt securities		42,443,575		275,258		(202,256	)		42,516,577
Equity securities		50,000		—		—			50,000
Total securities	$	42,493,575	$	275,258	$	(202,256	)	$	42,566,577

Amortized cost and fair value of debt securities by contractual maturity

	Amortized Cost		Fair Value
Due from one to five years	$	3,522,484	$	3,529,612
Due from five to ten years		3,324,419		3,324,649
Due after ten years		5,661,601		5,705,499
Mortgage-backed securities		30,669,797		30,798,664
	$	43,178,301	$	43,358,424

Gross unrealized losses and fair value of securities

	Less Than Twelve Months					Twelve Months or More
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Total Unrealized Losses
June 30, 2012
U.S. Government sponsored enterprises (GSEs)	$	1,994,310	$	(5,690	)	$	—	$	—	$	(5,690	)
State, county and municipals		7,040,707		(33,240	)		—		—		(33,240	)
Mortgage-backed securities GSE residential		13,889,362		(77,275	)		—		—		(77,275	)
Total securities	$	22,924,379	$	(116,205	)	$	—	$	—	$	(116,205	)
December 31, 2011
State, county and municipals	$	9,161,795	$	(186,020	)	$	—	$	—	$	(186,020	)
Mortgage-backed securities GSE residential		2,464,959		(16,236	)		—		—		(16,236	)
Total securities	$	11,626,754	$	(202,256	)	$	—	$	—	$	(202,256	)