CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
INTEREST INCOME
Loans held for investment	$ 9,029,978	$ 10,420,580	$ 27,129,870	$ 33,400,315
Investment securities available for sale	1,836,425	1,843,759	5,324,644	5,637,237
Federal funds sold and interest-earning deposits	18,183	13,013	75,240	25,776
TOTAL INTEREST INCOME	10,884,586	12,277,352	32,529,754	39,063,328
INTEREST EXPENSE
Deposits	2,718,934	3,980,369	9,198,870	12,558,421
Short-term borrowings	21,466	57,751	58,058	387,706
Long-term borrowings	1,387,437	1,427,778	4,134,556	4,306,638
TOTAL INTEREST EXPENSE	4,127,837	5,465,898	13,391,484	17,252,765
NET INTEREST INCOME	6,756,749	6,811,454	19,138,270	21,810,563
PROVISION FOR LOAN LOSSES	4,452,485	4,948,366	14,511,173	15,138,616
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	2,304,264	1,863,088	4,627,097	6,671,947
NON-INTEREST INCOME
Mortgage loan origination revenue	82,792	68,511	214,655	372,073
Fees on deposit accounts	469,702	464,050	1,373,777	1,370,020
Earnings on life insurance	215,458	223,341	644,096	660,303
Gain on disposal of investment securities	57,444	0	347,069	0
Gain (loss) on non-marketable equity securities	179,000	0	179,000	0
Gain (loss) on disposal of fixed assets	0	(13,164)	(887)	(8,306)
Gain on sale of loans	391,821	408,641	685,170	601,973
Impairment of available for sale securities	(47,897)	0	(47,897)	0
Impairment of non-marketable security	0	0	(179,000)	0
Other	96,050	163,830	346,166	455,464
TOTAL NON-INTEREST INCOME	1,444,370	1,315,209	3,562,149	3,451,527
NON-INTEREST EXPENSE
Salaries and employee benefits	3,139,946	3,222,898	9,624,438	9,402,257
Occupancy and equipment	967,830	998,214	2,959,383	2,949,342
Data processing	447,386	388,444	1,317,197	1,167,741
FDIC deposit insurance premium	291,585	429,033	1,117,352	1,012,893
Net loss on foreclosed assets	290,601	81,335	1,643,487	948,969
Other loan related expense	378,402	407,888	1,164,649	1,211,608
Professional services	645,762	480,221	2,041,857	1,361,543
Other	591,653	628,306	1,816,813	1,923,080
TOTAL NON-INTEREST EXPENSE	6,753,165	6,636,339	21,685,176	19,977,433
LOSS BEFORE INCOME TAXES	(3,004,531)	(3,458,042)	(13,495,930)	(9,853,959)
INCOME TAXES	0	(1,574,000)	0	(4,502,900)
NET LOSS	(3,004,531)	(1,884,042)	(13,495,930)	(5,351,059)
Effective dividend on preferred stock (Note H)	441,634	423,277	1,305,568	1,263,801
Net loss available to common shareholders	$ (3,446,165)	$ (2,307,319)	$ (14,801,498)	$ (6,614,860)
NET LOSS PER COMMON SHARE
Basic (in dollars per share)	$ (0.36)	$ (0.24)	$ (1.54)	$ (0.69)
Diluted (in dollars per share)	$ (0.36)	$ (0.24)	$ (1.54)	$ (0.69)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (Note C)
Basic (in shares)	9,587,324	9,581,390	9,585,056	9,579,041
Diluted (in shares)	9,587,324	9,581,390	9,585,056	9,579,041