CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (10,491,399)	$ (3,467,017)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	497,934	490,594
PROVISION FOR LOAN LOSSES	10,058,689	10,190,251
Gain on mortgage loan commitments	(35,636)	(73,499)
Net gain on sales of mortgage loans	(257,713)	(119,832)
Originations of mortgage loans held-for-sale	(21,788,651)	(10,772,690)
Proceeds from sales of mortgage loans	26,278,907	9,575,465
Proceeds from sale of loans	10,368,897	50,558
Amortization of core deposit premium	66,675	66,675
Deferred income taxes	0	348,284
Gain on sale of available for sale securities	(289,625)	0
Loss on impairment of nonmarketable equity securities	179,000	0
Net (gain) loss on disposal of foreclosed assets	161,657	(31,245)
Valuation adjustments to foreclosed assets	1,183,729	901,100
(Gain) loss on disposal of other assets	887	(4,858)
Net amortization of premiums/discounts on securities	994,788	681,147
Accretion of loan discount	0	(826,637)
Amortization of deposit premium	0	20,216
Net increase in cash value of life insurance	(390,356)	(409,807)
Stock based compensation	66,057	67,455
Change in assets and liabilities:
Decrease in accrued interest receivable	339,892	110,090
Increase in other assets	(2,573,435)	(3,459,290)
Increase (decrease) in accrued interest payable	(32,566)	56,282
Increase in accrued expenses and other liabilities	380,911	514,812
TOTAL ADJUSTMENTS	25,210,041	7,375,071
NET CASH PROVIDED BY OPERATING ACTIVITIES	14,718,642	3,908,054
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investment securities available for sale	(59,280,173)	(3,194,278)
Principal repayments of investment securities available for sale	26,708,897	12,404,432
Proceeds from sale of securities available for sale	14,135,231	0
Proceeds from disposal of foreclosed assets	3,735,050	4,175,555
Proceeds from sale of other assets	0	59,365
Redemption of Federal Home Loan Bank stock	915,600	0
Net decrease in loans held for investment	18,041,702	26,558,380
Purchases of bank premises and equipment	(120,199)	(601,944)
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES	4,136,108	39,401,510
Net increase (decrease) in deposits:
Demand	5,572,383	483,041
Savings	(9,734,419)	7,566,893
Money market and NOW	7,352,616	25,245,878
Time deposits	(12,999,893)	(33,725,312)
Net increase (decrease) in short-term borrowings	(2,000,000)	(52,000,000)
Net increase (decrease) in long-term borrowings	(5,000,000)	7,000,000
Dividends paid on preferred stock	0	(622,499)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	(16,809,313)	(46,051,999)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,045,437	(2,742,435)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	49,106,179	31,727,108
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 51,151,616	$ 28,984,673