STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS

Schedule of Bank's capital amounts and ratios

	Actual				Adequacy Purposes				Corrective Action
	Amount		Ratio		Amount		Ratio		Amount		Ratio
At December 31, 2012:
Tangible (to Tangible Assets)	$	45,503,884	13.04	%	$	5,233,240	1.50	%	N/A		N/A
Core (leverage) (to Adjusted Tangible Assets)	45,503,884		13.04	%	13,955,308		4.00	%	$	17,444,135	5.00	%
Tier 1 capital (to Risk Weighted Assets)	45,503,884		22.64	%	N/A		N/A		12,059,739		6.00	%
Total capital (to Risk Weighted Assets)	47,461,707		23.61	%	16,079,652		8.00	%	20,099,565		10.00	%
At December 31, 2011:
Tangible (to Tangible Assets)	$	43,584,440	11.61	%	$	5,633,409	1.50	%	N/A		N/A
Core (leverage) (to Adjusted Tangible Assets)	43,584,440		11.61	%	15,022,424		4.00	%	$	18,778,030	5.00	%
Tier 1 capital (to Risk Weighted Assets)	43,584,440		19.64	%	N/A		N/A		13,317,186		6.00	%
Total capital (to Risk Weighted Assets)	46,360,354		20.89	%	17,756,248		8.00	%	22,195,310		10.00	%

Summary of the reconciliation of stockholders' equity of the Bank to regulatory capital

	December 31, 2012
	Tangible			Core			Total
	Capital			Capital			Capital
Total stockholders’ equity- Bank only	$	52,735,685		$	52,735,685		$	52,735,685
Nonallowable assets:
Unrealized depreciation on available for sale securities, net of taxes	(861,828		)	(861,828		)	(861,828		)
Disallowed deferred tax asset	(6,369,973		)	(6,369,973		)	(6,369,973		)
Additional item:
Low level recourse							(562,512		)
Allowance for loan losses	—			—			2,520,335
Total regulatory capital	$	45,503,884		$	45,503,884		$	47,461,707

	December 31, 2011
	Tangible			Core			Total
	Capital			Capital			Capital
Total stockholders’ equity- Bank only	$	51,425,694		$	51,425,694		$	51,425,694
Nonallowable assets:
Unrealized depreciation on available for sale securities, net of taxes	(935,577		)	(935,577		)	(935,577		)
Disallowed deferred tax asset	(6,905,677		)	(6,905,677		)	(6,905,677		)
Additional item:
Low level recourse							(3,621		)
Allowance for loan losses	—			—			2,779,535
Total regulatory capital	$	43,584,440		$	43,584,440		$	46,360,354