CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and due from banks	$ 9,550,905	$ 8,372,969	[1]
Interest-earning deposits with banks	1,186,565	2,663,210	[1]
Federal funds sold	20,780,000	38,070,000	[1]
Investment securities available for sale, at fair value	216,932,193	181,916,229	[1]
Loans held for sale	2,820,775	5,689,853	[1]
Loans held for investment	615,980,339	676,803,069	[1]
Allowance for loan losses	(22,601,000)	(20,702,000)	[1]
NET LOANS HELD FOR INVESTMENT	593,379,339	656,101,069	[1]
Accrued interest receivable	3,283,681	3,995,242	[1]
Federal Home Loan Bank stock, at cost	9,156,100	10,521,700	[1]
Bank premises and equipment	10,987,889	11,585,920	[1]
Investment in life insurance	19,068,426	18,482,993	[1]
Foreclosed assets	13,643,444	15,523,592	[1]
Other assets	15,171,068	20,095,741	[1]
TOTAL ASSETS	915,960,385	973,018,518	[1]
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand	70,738,614	62,043,933	[1]
Savings	50,130,417	64,772,708	[1]
Money market and NOW	226,867,835	220,749,043	[1]
Time	338,437,230	376,817,639	[1]
TOTAL DEPOSITS	686,174,096	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	5,056,507	4,871,837	[1]
TOTAL LIABILITIES	848,978,603	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 September 30, 2011 and December 31, 2010	23,741,929	23,379,651	[1]
Common stock, $1 par value, 40,000,000 shares authorized; 9,662,059 and 9,664,059 shares issued and outstanding at September 30, 2011 December 31, 2010, respectively	9,662,059	9,664,059	[1]
Common stock warrant	2,367,368	2,367,368	[1]
Additional paid-in capital	74,734,418	74,634,362	[1]
Accumulated deficit	(46,775,645)	(32,917,437)	[1]
Accumulated other comprehensive income	3,251,653	1,887,355	[1]
TOTAL STOCKHOLDERS' EQUITY	66,981,782	79,015,358	[1]
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 915,960,385	$ 973,018,518	[1]

[1] Derived from audited consolidated financial statements.