Consolidated Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Assets
Cash and due from banks	$ 8,378,374	$ 7,043,911
Federal funds sold	12,120,000	5,110,000
Cash and cash equivalents	20,498,374	12,153,911
Investment securities
Available for sale	26,090,418	23,592,336
Other investments	936,350	1,063,350
Loans, net	96,298,205	117,210,770
Property and equipment, net	5,080,925	5,230,835
Cash surrender value of life insurance policies	1,958,462	1,908,112
Real estate acquired in foreclosure	14,323,423	10,278,599
Other assets	1,143,660	2,530,552
Total assets	166,329,817	173,968,465
Liabilities and Shareholders' Equity
Noninterest bearing	14,324,439	10,382,882
Interest bearing	124,332,179	130,263,510
Total deposits	138,656,618	140,646,392
Retail repurchase agreements and sweeps	1,746,583	2,945,937
Borrowings from Federal Home Loan Bank of Atlanta	2,479,213	6,592,338
Broker repurchase agreements	5,000,000	5,000,000
Other liabilities	678,454	425,086
Total liabilities	148,560,868	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	18,897,953	18,859,924
Retained deficit	(2,628,558)	(1,418,781)
Accumulated other comprehensive income (loss)	501,016	(80,969)
Total shareholders' equity	17,768,949	18,358,712
Total liabilities and shareholders' equity	$ 166,329,817	$ 173,968,465