Consolidated Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and due from banks	$ 7,485,196	$ 7,043,911
Federal funds sold	6,120,000	5,110,000
Cash and cash equivalents	13,605,196	12,153,911
Investment securities
Available for sale	27,320,193	23,592,336
Other investments	984,350	1,063,350
Loans, net	104,671,708	117,210,770
Property and equipment, net	5,120,273	5,230,835
Cash surrender value of life insurance policies	1,941,712	1,908,112
Real estate acquired in foreclosure	13,118,039	10,278,599
Other assets	2,090,977	2,530,552
Total assets	168,852,448	173,968,465
Liabilities and Shareholders' Equity
Noninterest bearing	12,975,769	10,382,882
Interest bearing	127,243,643	130,263,510
Total deposits	140,219,412	140,646,392
Retail repurchase agreements and sweeps	1,897,276	2,945,937
Borrowings from Federal Home Loan Bank of Atlanta	2,516,922	6,592,338
Broker repurchase agreements	5,000,000	5,000,000
Other liabilities	640,152	425,086
Total liabilities	150,273,762	155,609,753
Shareholders' equity
Preferred stock, 10,000,000 shares authorized, 1,038 shares issued	998,538	998,538
Common stock, no par value, 20,000,000 shares authorized, 2,210,769 shares issued	18,885,274	18,859,924
Retained deficit	(1,619,421)	(1,418,781)
Accumulated other comprehensive income (loss)	314,295	(80,969)
Total shareholders' equity	18,578,686	18,358,712
Total liabilities and shareholders' equity	$ 168,852,448	$ 173,968,465