CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (13,495,930)	$ (5,351,059)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	739,917	747,841
Provision for loan losses	14,511,173	15,138,616
Gain on mortgage loan commitments	(186,537)	(85,969)
Net gain on sales of mortgage loans	(498,633)	(516,004)
Originations of mortgage loans held-for-sale	(37,991,901)	(38,561,051)
Proceeds from sales of mortgage loans	40,809,612	37,037,809
Amortization of core deposit premium	100,012	100,012
Deferred income taxes	0	(879,456)
Gain on sale of available for sale securities	(347,069)	0
Gain on sale of non-marketable securities	(179,000)	0
Loss on impairment of available for sale securities	47,897	0
Loss on impairment of nonmarketable equity securities	179,000	0
Net (gain) loss on disposal of foreclosed assets	144,767	950,874
Valuation adjustments to foreclosed assets	1,491,220	901,100
(Gain) loss on disposal of other assets	887	8,306
Net amortization of premiums/discounts on securities	1,581,908	1,031,411
Accretion of loan discount	0	(958,343)
Amortization of deposit premium	0	30,323
Net increase in cash value of life insurance	(585,433)	(618,520)
Stock based compensation	98,056	105,191
Change in assets and liabilities:
Decrease in accrued interest receivable	711,561	578,177
(Increase) decrease in other assets	4,496,582	(4,566,147)
Increase (decrease) in accrued interest payable	3,117	22,838
Increase in accrued expenses and other liabilities	523,080	966,941
TOTAL ADJUSTMENTS	25,650,216	10,532,849
NET CASH PROVIDED BY OPERATING ACTIVITIES	12,154,287	5,181,790
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investment securities available for sale	(83,826,040)	(9,500,873)
Principal repayments of investment securities available for sale	28,041,274	19,065,327
Proceeds from sale of securities available for sale	21,519,829	0
Proceeds from disposal of foreclosed assets	5,079,616	6,897,048
Proceeds from sale of other assets	0	59,365
Proceeds from sale of loans	11,403,807	50,558
Redemption of Federal Home Loan Bank stock	1,365,600	843,700
Net decrease in loans held for investment	32,024,031	34,521,195
Purchases of bank premises and equipment	(141,886)	(629,529)
NET CASH PROVIDED BY INVESTING ACTIVITIES	15,466,231	51,306,791
CASH FLOWS FROM FINANCING ACTIVITIES
Demand	8,694,681	920,285
Savings	(14,642,291)	7,595,006
Money market and NOW	6,118,793	34,769,406
Time deposits	(38,380,410)	(48,901,331)
Net decrease in short-term borrowings	(2,000,000)	(67,000,000)
Net increase (decrease) in long-term debt	(5,000,000)	15,000,000
Dividends paid on preferred stock	0	(933,750)
NET CASH USED BY FINANCING ACTIVITIES	(45,209,227)	(58,550,384)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(17,588,709)	(2,061,803)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	49,106,179	31,727,108
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 31,517,470	$ 29,665,305