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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock
Additional Paid-in Capital
Unallocated ESOP Shares
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Comprehensive Income
BEGINNING BALANCE at Dec. 31, 2010 $ 35,678,150 $ 19,237 $ 16,159,960 $ (395,340) $ 20,045,095 $ (150,802)  
Net Income 1,639,573       1,639,573   1,639,573
Other comprehensive income - change in net unrealized gains on securities available-for-sale, net of taxes of $886,256 1,720,380         1,720,380 1,720,380
Less: reclassification adjustment for gains included in net income, net of tax of $37,134 72,084         72,084 72,084
Comprehensive Income             3,287,869
Exercise of stock options 211,568 217 211,351        
Tax benefit related to stock options exercised 4,609   4,609        
Purchase and retirement of common stock (181,941) (144) (181,797)        
Shares held by ESOP, commited to be released 13,127   2,737 10,390      
Dividends ($0.15 per share) (279,546)       (279,546)    
ENDING BALANCE at Jun. 30, 2011 $ 38,733,836 $ 19,310 $ 16,196,860 $ (384,950) $ 21,405,122 $ 1,497,494