OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2013

OTHER REAL ESTATE OWNED

Summary of transactions in other real estate owned

	2013			2012
Balance, beginning of year	$	22,646,747		$	18,905,600
Additions	986,945			15,419,912
Sales	(1,153,656		)	(10,573,965		)
Write-downs	(5,673		)	(1,104,800		)
Balance, end of period	$	22,474,363		$	22,646,747