Note 7. Allowance for Loan Losses

3 Months Ended

Mar. 31, 2012

Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]

7.    Allowance for Loan Losses

The allowance for loan losses (“ALL”) reflected in the accompanying consolidated financial statements represents the allowance available to absorb probable losses inherent in the loan portfolio.  An analysis of changes in the ALL is presented in the following table:

ALLOWANCE FOR LOAN LOSSES

	For Three Months Ended March 31,
	2012			2011
Balance at beginning of period	$	11,012,088		$	9,526,592
Charge-offs		(984,446	)		(1,083,128	)
Recoveries		321,675			26,790
Net loans charged-off		(662,771	)		(1,056,338	)
Additions to ALL charged to expense		1,500,000			1,400,000
Balance at end of period	$	11,849,317		$	9,870,254