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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,639,573 $ 678,981
Depreciation, amortization and accretion:    
Premises and equipment 155,589 184,867
Amortization of investment premiums and discounts, net 225,574 467,172
Accretion of loan discounts (2,901) (483)
Net realized gains on sales of available-for-sale securities (109,218) (344,048)
PROVISION FOR LOAN LOSSES 325,000 1,125,000
Mortgage banking operations, net (66,577) (125,934)
Loss (gain) on sale of real estate owned (31,142) 13,666
Impairment on mortgage servicing rights asset   165,651
Shares held by ESOP commited to be released 13,127  
Tax benefit related to stock options exercised 4,609  
Changes in income taxes payable (7,178) (398,463)
Changes in assets and liabilities (393,449) (290,889)
Net cash provided by operations before loan sales 1,753,007 1,475,520
Origination of loans for sale to secondary market (7,348,818) (10,717,922)
Proceeds from sales of loans to secondary market 7,467,242 10,859,321
Net cash provided by operating activities 1,871,431 1,616,919
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment and mortgage-backed securities (33,369,259) (45,121,188)
Maturity or call of investment securities available-for-sale 6,255,000 8,000,000
Sale of investment securities available-for-sale 16,910,803 22,327,124
Principal payments on mortgage-backed and investment securities 3,589,255 6,324,215
Proceeds from sale of real estate owned 198,699 302,024
Net (increase) decrease in loans 1,141,405 (1,208,169)
Additions to premises and equipment (130,758) (18,587)
Net cash used in investing activities (5,404,855) (9,394,581)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 183,095 7,818,291
Net increase (decrease) in other borrowings 135,227 (1,009,447)
Increase in advance payments by borrowers for taxes and insurance 86,009 140,361
Exercise of stock options 211,568  
Purchase and retirement of treasury stock related to stock options (181,941)  
Dividends paid - common stock (279,546) (132,313)
Net cash provided by financing activities 154,412 6,816,892
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,379,012) (960,770)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 8,943,400 15,696,474
CASH AND CASH EQUIVALENTS, END OF YEAR 5,564,388 14,735,704
Cash paid during the year for:    
Interest on deposits 1,695,106 2,184,535
Interest on other borrowings 9,801 7,612
Income taxes paid 589,000 403,000
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Real estate acquired in settlement of loans 391,246 355,483
Loans to facilitate sales of real estate owned $ 131,834 $ 59,000