Consolidated Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Cash and due from banks:
Noninterest bearing deposits and cash	$ 9,497,603	$ 4,613,211
Interest bearing deposits	30,484,856	131,711,047
Federal funds sold	0	10,000,000
Short-term investments	3,206,016	453,400
Total cash and cash equivalents	43,188,475	146,777,658
Securities:
Available for sale securities, at fair value (Note 2)	88,529,050	40,564,700
Other Investments	3,500,000	3,500,000
Federal Reserve Bank stock, at cost	1,707,000	1,192,000
Federal Home Loan Bank stock, at cost	4,508,300	4,508,300
Total securities	98,244,350	49,765,000
Loans receivable (net of allowance for loan losses: 2011: $11,157,678; 2010: $15,374,101) (Note 3)	453,133,275	534,531,213
Loans held for sale	250,000	0
Accrued interest and dividends receivable	2,320,572	2,512,186
Premises and equipment, net	4,180,814	5,270,312
Cash surrender value of life insurance	20,839,710	20,348,332
Other real estate owned	4,731,890	16,408,787
Deferred tax asset (Note 9)	0	0
Other assets	1,537,619	8,711,366
Total assets	628,426,705	784,324,854
Deposit (Note 4):
Noninterest bearing deposits	56,699,418	51,058,373
Interest bearing deposits	451,023,611	595,750,456
Total deposits	507,723,029	646,808,829
Borrowings:
Repurchase agreements	7,000,000	7,000,000
Federal Home Loan Bank borrowings	50,000,000	50,000,000
Total borrowings	57,000,000	57,000,000
Junior subordinated debt owed to unconsolidated trust	8,248,000	8,248,000
Accrued expenses and other liabilities	4,785,687	5,095,837
Total liabilities	577,756,716	717,152,666
Commitments (Note 7)
Shareholders' equity
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding
Common stock, $.01 par value, 100,000,000 shares authorized; 38,374,432 shares issued; 38,362,727 shares outstanding	383,744	383,744
Additional paid-in capital	105,050,433	105,050,433
Accumulated deficit	(55,301,852)	(39,399,345)
Less: Treasury stock, at cost: 2011 and 2010, 11,705 shares	(160,025)	(160,025)
Accumulated other comprehensive income	697,689	1,297,381
Total shareholders' equity	50,669,989	67,172,188
Total liabilities and shareholders' equity	$ 628,426,705	$ 784,324,854