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COMMITMENTS

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

NOTE C – COMMITMENTS

The following is a summary of the contract amount of the Company’s exposure to off-balance sheet commitments at March 31, 2012:

Undisbursed lines of credit	$	29,250,531
Commitments to extend credit		71,391,474
Financial standby letters of credit		3,839,976
Capital commitment to private investment fund		175,000

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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