Consolidated Statements of Condition (USD $)	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents
Cash	$ 13,251,574	$ 5,300,368
Federal funds sold	0	65,936
Total cash and cash equivalents	13,251,574	5,366,304
Securities, available for sale (Note 2)	2,951,686	3,200,002
Federal Home Loan Bank stock	169,900	160,200
Loans held for Sale	793,209	322,500
Loans (Note 3)
Total portfolio loans	100,078,583	100,378,678
Less: allowance for loan losses	(1,502,099)	(1,448,096)
Net portfolio loans	98,576,484	98,930,582
Premises & equipment, net	1,480,407	1,359,510
Interest receivable and other assets	1,380,689	995,438
Totals assets	118,603,949	110,334,536
Deposits (Note 4)
Non-interest bearing	16,374,765	14,190,295
Interest bearing	89,930,476	83,060,199
Total deposits	106,305,241	97,250,494
Secured borrowings	0	1,469,095
Interest payable and other liabilities	602,245	629,422
Total liabilities	106,907,486	99,349,011
Shareholders' equity
Common stock, 0 par value, Authorized - 4,500,000 shares, Issued and outstanding - 1,800,000 shares	17,034,330	17,034,330
Additional paid in capital	493,154	493,154
Accumulated deficit	(9,385,803)	(10,061,474)
Accumulated other comprehensive income	139,975	112,908
Total shareholders' equity	11,696,463	10,985,525
Total liabilities and shareholders' equity	118,603,949	110,334,536
Series A Preferred stock
Shareholders' equity
Senior cumulative perpetual preferred stock series $1,000 liquidation value per share, Authorized, issued and outstanding	1,635,000	1,635,000
Discount on senior preferred stock series A	(51,826)	(61,027)
Series B Preferred stock
Shareholders' equity
Senior cumulative perpetual preferred stock series $1,000 liquidation value per share, Authorized, issued and outstanding	82,000	82,000
Premium on preferred stock series B	5,633	6,634
Series C Preferred stock
Shareholders' equity
Senior cumulative perpetual preferred stock series $1,000 liquidation value per share, Authorized, issued and outstanding	$ 1,744,000	$ 1,744,000