DEPOSITS

12 Months Ended

Dec. 31, 2011

Banking and Thrift [Abstract]

Deposits Disclosure [Text Block]

NOTE H - DEPOSITS

The weighted average cost of time deposits was 0.88% and 2.90% at December 31, 2011 and 2010, respectively. The weighted average cost of time deposits at December 31, 2011 was affected by amortization of the premium on time deposits that was recorded in purchase accounting as well as repricing of time deposits. At December 31, 2011, the scheduled maturities of certificates of deposit were as follows:

	Less than		$100,000
	$100,000		or more		Total
Three months or less	$	5,118,612	$	17,953,717	$	23,072,329
Over three months through one year		26,460,159		77,519,649		103,979,808
Over one year through three years		40,373,883		87,783,442		128,157,325
Over three years to five years		11,753,504		42,816,482		54,569,986
Over five years		-		-		-
Total	$	83,706,158	$	226,073,290	$	309,779,448