DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2012

DEPOSITS

Summary of deposits

	December 31,
	2012		2011
Noninterest-bearing	$	60,330,245	$	39,256,851
Interest-bearing transaction accounts	223,830,488		196,120,029
Savings	25,689,456		22,101,944
Time	150,523,857		157,279,459
	$	460,374,046	$	414,758,283

Summary of interest expense on deposits

	Year Ended
	December 31,
	2012		2011
Interest-bearing transaction accounts	$	1,203,755	$	1,816,588
Savings	115,143		153,271
Time	2,514,712		3,843,362
	$	3,833,610	$	5,813,221

Schedule of maturities of time deposit

Year Ending December 31,	Amount
2013	$	86,690,819
2014	22,134,236
2015	14,537,730
2016	12,914,613
2017	14,182,058
Thereafter	64,401
	$	150,523,857