MERGERS AND ACQUISITIONS (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011		Nov. 18, 2011 Piedmont Investment and Successor Company [Member] Preliminary Balance [Member]	Nov. 18, 2011 Piedmont Investment and Successor Company [Member] Measurement Period Adjustment [Member]	Nov. 18, 2011 Piedmont Investment and Successor Company [Member] Adjusted Balance [Member]
Fair value of assets acquired:
Cash and cash equivalents	$ 55,613,851	$ 25,361,937		$ 226,126,051	$ 0	$ 226,126,051
Investment securities available for sale	151,429,595	143,503,848		89,342,932	0	89,342,932
Mortgage loans held for sale	3,226,180	3,841,412		4,587,862	0	4,587,862
Loans				561,911,272	(1,484,986)	560,426,286
Federal Home Loan Bank stock	2,931,200	8,669,300		8,669,300	0	8,669,300
Premises and equipment				10,325,392	0	10,325,392
Deferred tax asset, net				30,267,925	1,326,731	31,594,656
Bank owned life insurance				19,169,460	0	19,169,460
Foreclosed assets	4,743,268	9,422,056	[1]	10,584,003	(405,131)	10,178,872
Goodwill				20,015,193	2,115,379	22,130,572
Other intangibles				2,260,262	0	2,260,262
Other assets				10,092,656	0	10,092,656
Total assets acquired				993,352,308	1,551,993	994,904,301
Fair value of liabilities assumed:
Deposits	662,064,174	674,418,586		678,289,539	0	678,289,539
Borrowings				164,801,131	0	164,801,131
Other liabilities				7,110,828	1,551,993	8,662,821
Total liabilities assumed				850,201,498	1,551,993	851,753,491
Net assets				143,150,810	0	143,150,810
Non-controlling interests at fair value:
Preferred stock	24,544,433	24,442,303	[1]	24,408,999	0	24,408,999
Common stock warrants	1,325,372	1,325,372	[1]	1,325,372	0	1,325,372
Common stock	28,382	28,412	[1]	42,416,439	0	42,416,439
Total non-controlling interests				68,150,810	0	68,150,810
Purchase price				$ 75,000,000	$ 0	$ 75,000,000

[1] Derived from audited consolidated financial statements.