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COMMITMENTS

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

NOTE C - COMMITMENTS AND CONTINGENCIES

The following is a summary of the contract amount of the Company’s exposure to off-balance sheet commitments at June 30, 2012:

Undisbursed lines of credit	$	30,553,734
Commitments to extend credit		72,851,729
Financial standby letters of credit		4,461,104
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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