Note 4. Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at 06/30/12		Level 1		Level 2		Level 3
Loans held for investment	$	16,860,043	$	-	$	-	$	16,860,043
Other real estate owned		7,549,712		-		-		7,549,712
Totals	$	24,409,755	$	-	$	-	$	24,409,755

	Balance at 12/31/11		Level 1		Level 2		Level 3
Loans held for investment	$	17,902,323	$	-	$	-	$	17,902,323
Other real estate owned		7,350,678		-		-		7,350,678
Totals	$	25,253,001	$	-	$	-	$	25,253,001

Fair Value, by Balance Sheet Grouping [Table Text Block]

	June 30, 2012				December 31, 2011
	Carrying Amount		Estimated Fair Value			Carrying Amount		Estimated Fair Value
FINANCIAL ASSETS
Cash and due from banks	$	29,523,962	$	29,523,962		$	52,942,095	$	52,942,095
Federal funds sold		38,198,082		38,198,082			55,121,113		55,121,113
Held to maturity securities		335,836,897		339,885,266			360,566,062		363,252,684
Federal reserve stock		322,100		322,100			322,100		322,100
Loans held for investment, net		685,517,248		693,864,864			696,785,798		701,196,384
Cash surrender value of life insurance		27,821,733		27,821,733			12,491,722		12,491,722
Mortgage servicing rights		1,621,170		1,782,632			1,598,802		1,884,447
Accrued interest receivable		4,373,292		4,373,292			4,650,828		4,650,828
FINANCIAL LIABILITIES
Deposits	$	1,024,207,263	$	1,022,834,783		$	1,070,479,902	$	1,069,056,674
Accrued interest payable		215,583		215,583			251,243		251,243