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Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and due from banks$ 11,317,452$ 4,475,324
Federal funds sold2,250,0004,825,000
Interest-bearing deposits in banks7,015,9765,015,975
Total cash and cash equivalents20,583,42814,316,299
Interest-bearing time deposits in banks249,000747,000
Securities available for sale37,022,10841,537,586
Securities held to maturity (fair value approximates $- and $26 at September 30, 2011 and December 31, 2010, respectively)025
Federal Home Loan Bank stock, at cost2,898,8002,898,800
Loans, net of allowance for loan losses of $5,000,412 and $3,965,395 at September 30, 2011 and December 31, 2010, respectively204,151,668199,386,478
Premises and equipment, net4,641,0524,701,660
Accrued interest receivable1,111,4911,111,043
Cash surrender value of bank owned life insurance9,149,6108,924,120
Foreclosed real estate675,5991,102,527
Other assets3,085,3143,289,029
Total assets283,568,070278,014,567
Deposits:  
Noninterest-bearing11,930,75310,808,127
Interest-bearing207,217,613204,879,217
Total deposits219,148,366215,687,344
Accrued interest payable188,020224,890
Securities sold under agreements to repurchase1,882,616794,732
Federal Home Loan Bank advances8,128,2288,213,861
Accrued expenses and other liabilities3,977,5253,516,545
Total liabilities233,324,755228,437,372
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY  
Preferred stock, $0.01 par value; authorized 10,000,000; none issued  
Common stock, $0.01 par value; 50,000,000 shares authorized; 2,777,250 shares issued and 2,727,740 outstanding at September 30, 2011 and 2,777,250 at December 31, 201027,27727,773
Additional paid-in capital26,081,53226,494,832
Common stock acquired by benefit plans:  
Restricted stock(1,149,026)(1,085,423)
Unallocated common stock held by:  
Employee Stock Ownership Plan Trust(2,073,680)(2,073,680)
Retained earnings26,745,33426,086,719
Accumulated other comprehensive income611,878126,974
Total stockholders' equity50,243,31549,577,195
Total liabilities and stockholders' equity$ 283,568,070$ 278,014,567