Consolidated Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Assets
Cash and due from banks	$ 3,372,437	$ 2,993,102
Federal funds sold	10,115,000	7,700,000
Investment securities available for sale	9,095,417	10,652,733
Non-marketable equity securities	1,047,850	1,400,350
Loans, net of allowance for loan losses of $2,350,886 and $3,062,492, respectively	80,366,791	91,402,749
Accrued interest receivable	268,713	291,499
Property and equipment, net	3,550,347	3,687,386
Other real estate owned and repossessed assets	3,846,965	2,537,259
Other assets	1,435,370	1,145,890
Total assets	113,098,890	121,810,968
Deposits:
Noninterest bearing	6,573,442	5,710,240
Interest bearing	89,982,078	98,370,429
Total deposits	96,555,520	104,080,669
Borrowings	7,079,297	7,065,479
Accrued interest payable	56,512	69,473
Accounts payable and accrued expenses	234,821	144,003
Total liabilities	103,926,150	111,359,624
Commitments and contingencies
Shareholders' equity
Preferred stock, par value $.01 per share; 10,000,000 shares authorized; no shares issued
Common stock, par value $.01 per share; 100,000,000 shares authorized; 2,085,010 shares issued and outstanding	20,850	20,850
Additional paid-in capital	21,102,085	21,095,485
Accumulated other comprehensive income	158,606	34,725
Accumulated deficit	(12,108,801)	(10,699,716)
Total shareholders' equity	9,172,740	10,451,344
Total liabilities and shareholders' equity	$ 113,098,890	$ 121,810,968