CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and due from banks	$ 8,593,467	$ 8,372,969	[1]
Interest-earning deposits with banks	1,143,149	2,663,210	[1]
Federal funds sold	41,415,000	38,070,000	[1]
Investment securities available for sale, at fair value	200,922,378	181,916,229	[1]
Loans held for sale	1,949,066	5,689,853	[1]
Loans held for investment	636,407,773	676,803,069	[1]
Allowance for loan losses	(22,319,000)	(20,702,000)	[1]
NET LOANS HELD FOR INVESTMENT	614,088,773	656,101,069	[1]
Accrued interest receivable	3,655,350	3,995,242	[1]
Federal Home Loan Bank stock, at cost	9,606,100	10,521,700	[1]
Bank premises and equipment	11,208,184	11,585,920	[1]
Investment in life insurance	18,873,349	18,482,993	[1]
Foreclosed assets	13,491,059	15,523,592	[1]
Other assets	21,969,986	20,095,741	[1]
TOTAL ASSETS	946,915,861	973,018,518	[1]
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand	67,616,316	62,043,933	[1]
Savings	55,038,289	64,772,708	[1]
Money market and NOW	228,101,659	220,749,043	[1]
Time	363,817,746	376,817,639	[1]
TOTAL DEPOSITS	714,574,010	724,383,323	[1]
Short-term borrowings	5,000,000	7,000,000	[1]
Long-term debt	152,748,000	157,748,000	[1]
Accrued expenses and other liabilities	5,174,605	4,871,837	[1]
TOTAL LIABILITIES	877,496,615	894,003,160	[1]
Commitments (Note B)			[1]
Stockholders' Equity
Preferred stock, no par value, 5,000,000 shares authorized, 24,900 shares issued and outstanding at both June 30, 2011 and December 31, 2010	23,614,155	23,379,651	[1]
Common stock, $1 par value, 40,000,000 shares authorized; 9,664,059 shares issued and outstanding at both June 30, 2011 and December 31, 2010	9,664,059	9,664,059	[1]
Common stock warrant	2,367,368	2,367,368	[1]
Additional paid-in capital	74,700,419	74,634,362	[1]
Accumulated deficit	(43,643,340)	(32,917,437)	[1]
Accumulated other comprehensive income	2,716,585	1,887,355	[1]
TOTAL STOCKHOLDERS' EQUITY	69,419,246	79,015,358
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 946,915,861	$ 973,018,518	[1]

[1] Derived from audited consolidated financial statements.