SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2012

SECURITIES AVAILABLE FOR SALE

Summary of amortized cost and fair values of securities with gross unrealized gains and losses

	December 31, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		(Losses)			Value
U.S. government agency obligations	$	19,596,009	$	212,845	$	(15,352	)	$	19,793,502
State and municipal securities	35,068,040		1,375,995		(40,112		)	36,403,923
Other securities(1)	248,501		—		—			248,501
Mortgage-backed: residential	31,468,831		427,194		(61,871		)	31,834,154
	$	86,381,381	$	2,016,034	$	(117,335	)	$	88,280,080

	December 31, 2011
U.S. government agency obligations	$	31,226,753	$	517,236	$	—		$	31,743,989
Corporate bonds	1,949,836		12,444		(123,956		)	1,838,324
State and municipal securities	25,063,842		1,329,567		(17,291		)	26,376,118
Other securities	3,501		—		—			3,501
Mortgage-backed: residential	25,280,227		425,272		(92,080		)	25,613,419
	$	83,524,159	$	2,284,519	$	(233,327	)	$	85,575,351

(1)  Includes a Certificate of Deposit in the amount of $245,000

Schedule of unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

	December 31, 2012
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
U.S. government agency obligations	$	1,490,123	$	(15,352	)	$	—	$	—		$	1,490,123	$	(15,352	)
State and municipal securities	6,952,889		(40,112		)	—		—			6,952,889		(40,112		)
Mortgage-backed: residential	13,828,613		(57,637		)	329,715		(4,234		)	14,158,328		(61,871		)
	$	22,271,625	$	(113,101	)	$	329,715	$	(4,234	)	$	22,601,340	$	(117,335	)

	December 31, 2011
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
Corporate bonds	$	—	$	—		$	576,044	$	(123,956	)	$	576,044	$	(123,956	)
State and municipal securities	1,448,738		(17,291		)	—		—			1,448,738		(17,291		)
Mortgage-backed: residential	9,805,765		(92,080		)	—		—			9,805,765		(92,080		)
	$	11,254,503	$	(109,371	)	$	576,044	$	(123,956	)	$	11,830,547	$	(233,327	)

Schedule of amortized cost and fair value by contractual maturity

	Amortized		Fair
	Cost		Value
Due in one year or less	$	13,358,995	$	13,468,827
Due after one year through five years	11,438,149		11,728,731
Due after five years through ten years	10,640,111		11,126,670
Due after ten years	19,226,794		19,873,196
Other securities	248,501		248,501
Mortgage-backed: residential	31,468,831		31,834,155
	$	86,381,381	$	88,280,080