CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
INTEREST INCOME
Loans held for investment	$ 9,021,948	$ 11,495,695	$ 18,099,891	$ 22,979,736
Investment securities available for sale	1,825,529	1,857,147	3,488,219	3,793,477
Federal funds sold and interest-earning deposits	27,966	8,078	57,058	12,764
TOTAL INTEREST INCOME	10,875,443	13,360,920	21,645,168	26,785,977
INTEREST EXPENSE
Deposits	3,131,095	4,232,451	6,479,935	8,578,052
Short-term borrowings	21,233	123,674	36,592	329,955
Long-term borrowings	1,376,473	1,466,704	2,747,120	2,878,860
TOTAL INTEREST EXPENSE	4,528,801	5,822,829	9,263,647	11,786,867
NET INTEREST INCOME	6,346,642	7,538,091	12,381,521	14,999,110
PROVISION FOR LOAN LOSSES	3,035,178	8,389,074	10,058,689	10,190,251
NET INTEREST INCOME (LOSS) AFTER PROVISION FOR LOAN LOSSES	3,311,464	(850,983)	2,322,832	4,808,860
NON-INTEREST INCOME
Mortgage loan origination revenue	56,893	110,653	131,863	303,562
Fees on deposit accounts	457,027	474,032	904,076	905,971
Earnings on life insurance	215,921	219,530	428,638	436,962
Gain on disposal of investment securities	188,994	0	289,625	0
Gain (loss) on disposal of fixed assets	(166)	(2,142)	(887)	4,858
Gain on sale of loans	201,894	149,132	293,349	193,331
Impairment of non-marketable equity security	(179,000)	0	(179,000)	0
Other	133,973	139,403	250,115	291,633
TOTAL NON-INTEREST INCOME	1,075,536	1,090,608	2,117,779	2,136,317
NON-INTEREST EXPENSE
Salaries and employee benefits	3,137,204	3,049,607	6,484,492	6,179,358
Occupancy and equipment	979,514	993,948	1,991,553	1,951,128
Data processing	449,514	392,969	869,811	779,297
FDIC deposit insurance premium	376,782	275,179	825,767	583,859
Net loss on foreclosed assets	1,186,510	836,936	1,345,386	869,856
Other loan related expense	460,384	482,140	793,747	803,721
Professional services	595,646	451,537	1,396,094	881,322
Other	646,200	672,858	1,225,160	1,292,553
TOTAL NON-INTEREST EXPENSE	7,831,754	7,155,174	14,932,010	13,341,094
LOSS BEFORE INCOME TAXES	(3,444,754)	(6,915,549)	(10,491,399)	(6,395,917)
INCOME TAXES	0	(2,906,100)	0	(2,928,900)
NET INCOME (LOSS)	(3,444,754)	(4,009,449)	(10,491,399)	(3,467,017)
Effective dividend on preferred stock (Note H)	437,353	421,255	864,786	840,524
Net loss available to common shareholders	$ (3,882,107)	$ (4,430,704)	$ (11,356,185)	$ (4,307,541)
NET LOSS PER COMMON SHARE
Basic (in dollars per shares)	$ (0.40)	$ (0.46)	$ (1.18)	$ (0.45)
Diluted (in dollars per shares)	$ (0.40)	$ (0.46)	$ (1.18)	$ (0.45)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (Note C)
Basic (in shares)	9,586,390	9,581,390	9,583,904	9,577,847
Diluted (in shares)	9,586,390	9,581,390	9,583,904	9,577,847