Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities
Net income	$ 772,036	$ 163,891
Share based payment expense		3,695
Provision for loan losses	54,000	289,297
Gain on sale of loans	(58,761)
Proceeds for sales of loans originated for sale	2,209,009
Loans originated for sale	(2,620,957)
Accretion of securities	(2,234)	(2,672)
Depreciation expense	95,117	89,288
Net decrease (increase) in other assets	(385,251)	6,257
Net (decrease) in other liabilities	(27,177)	(79,449)
Net cash provided by operating activities	35,782	470,307
Cash flows from investing activities
Net change in portfolio loans	300,098	(10,890,241)
Purchase of securities	(9,700)	(1,775,955)
Proceeds from calls or maturities of securities	200,000	1,436,274
Recoveries on loans charged off		45,626
Principal payments on securities	77,617	0
Purchases of premises and equipment	(216,014)	(9,448)
Net cash provided by (used) in investing activities	352,001	(11,193,744)
Cash flows from financing activities
Increase in deposits	9,054,747	18,338,396
Net change in short term borrowings	(1,469,095)
Dividend on senior preferred stock	(88,165)	(88,413)
Net cash provided by financing activities	7,497,487	18,249,983
Increase in cash and cash equivalents	7,885,270	7,526,546
Cash and cash equivalents - beginning of period	5,366,304	7,758,201
Cash and cash equivalents - end of period	13,251,574	15,284,747
Supplemental Information:
Interest paid	675,006	654,151
Income tax paid	0	0
Loans transferred to other real estate	$ 297,806