SUPPLEMENTAL DISCLOSURE FOR STATEMENT OF CASH FLOWS

12 Months Ended

Dec. 31, 2011

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE U - SUPPLEMENTAL DISCLOSURE FOR STATEMENT OF CASH FLOWS

The following information is for the consolidated Statement of Cash Flows

	Successor Company		Predecessor Company
	November 19		January 1
	to		to
	December 31,		November 18,			Years Ended December 31,
	2011		2011			2010			2009
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for:
Interest	$	1,686,297	$	15,557,942		$	22,447,154		$	27,103,726
Income taxes	$	-	$	-		$	-		$	923,000
Supplemental Disclosure of Non-cash Investing
Activities:
Transfer of loans to foreclosed assets	$	535,150	$	5,400,793		$	18,559,015		$	9,806,211
Change in fair value of securities available for sale, net of tax	$	10,892	$	(1,713,499	)	$	646,985		$	969,066
Change in fair value of cash flow hedge, net of tax	$	-	$	151,203		$	(174,581	)	$	(181,237	)

The following information is for the parent company only Statement of Cash Flows

	Successor Company		Predecessor Company
	November 19		January 1
	to		to
	December 31,		November 18,		Years Ended December 31,
	2011		2011		2010			2009
Supplemental Disclosure of Non-cash Investing
Activities:
Change in fair value of cash flow hedge, net of tax	$	-	$	77,640	$	(91,014	)	$	(93,096	)