REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS (Tables)

12 Months Ended

Dec. 31, 2012

REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS

Schedule of real estate acquired in settlement of loans

	December 31,
	2012			2011
Single family properties	$	645,207		$	603,381
Land	1,677,156			2,285,183
Construction	912,543			743,600
Commercial	2,263,635			1,454,753
Less: valuation allowance	(316,138		)	(266,283		)
	$	5,182,403		$	4,820,634