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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and due from banks $ 6,698,318 $ 7,029,604
Interest-bearing deposits at other financial institutions 698,819 635,511
Federal funds sold 2,990,000 595,000
Securities available for sale 43,408,424 42,566,577
Restricted equity securities, at cost 714,500 792,900
Loans, net of unearned income 218,811,120 220,172,602
Less allowance for loan losses 5,337,583 5,154,505
Loans, net 213,473,537 215,018,097
Premises and equipment, net 9,180,466 9,137,049
Foreclosed real estate 17,545,945 18,151,601
Other assets 1,873,182 1,953,767
Total assets 296,583,191 295,880,106
Deposits:    
Noninterest-bearing 33,688,721 28,433,587
Interest-bearing 242,959,530 248,465,195
Total deposits 276,648,251 276,898,782
Note payable 275,250 275,250
Federal Home Loan Bank advances 5,500,000 5,500,000
Company guaranteed trust preferred securities 3,403,000 3,403,000
Other liabilities 1,594,249 1,601,390
Total liabilities 287,420,750 287,678,422
Stockholders' equity    
Common stock, par value $1.00; 80,000,000 shares authorized; 10,262,069 and 9,833,430 shares issued and outstanding, respectively 10,262,069 9,833,430
Surplus 756,398 130,036
Retained deficit (4,643,949) (3,442,584)
Accumulated other comprehensive income (loss) 180,123 73,002
Total stockholders' equity 9,162,441 8,201,684
Total liabilities and stockholders' equity 296,583,191 295,880,106
Series A
   
Stockholders' equity    
Preferred stock cumulative, non voting 1,000,000 1,000,000
Series B
   
Stockholders' equity    
Preferred stock cumulative, non voting 607,800 607,800
Series C
   
Stockholders' equity    
Preferred stock cumulative, non voting $ 1,000,000