COMMITMENTS

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE B – COMMITMENTS

At June 30, 2011, commitments are as follows:

Undisbursed lines of credit	$	31,663,674
Commitments to extend credit		91,337,318
Stand-by letters of credit		3,582,635
Commitments to sell loans held for sale		1,949,066
Undisbursed commitment to purchase additional investment in Small Business Investment Corporation		363,000