Note 6. Loans (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30, 2012			December 31, 2011
Commercial	$	19,460,073		$	19,956,000
Real Estate
Construction		45,590,120			46,600,467
Commercial		302,941,303			298,042,808
Residential		274,687,737			288,609,383
Multifamily		41,104,277			39,798,866
Installment and Consumer		13,299,937			14,790,362
	$	697,083,447		$	707,797,886
Less: Allowance for loan losses		(11,566,199	)		(11,012,088	)
Net Loans	$	685,517,248		$	696,785,798

Past Due Financing Receivables [Table Text Block]

	As of June 30, 2012
	Current			Days Past Due												Total
	Loans				30-59			60-89		Over 90			Total			Loans
Commercial	$	19,211,057		$	36,280		$	428		$	212,308		$	249,016		$	19,460,073
Real estate
Construction		43,499,768			201,585			-			1,888,767			2,090,352			45,590,120
Commercial		293,311,853			3,139,321			436,018			6,054,111			9,629,450			302,941,303
Residential		253,201,458			3,232,824			2,835,475			15,417,980			21,486,279			274,687,737
Multifamily		39,831,744			120,143			-			1,152,390			1,272,533			41,104,277
Installment and other		12,546,093			21,698			274,818			457,328			753,844			13,299,937
Total Loans		661,601,973			6,751,851			3,546,739			25,182,884			35,481,474			697,083,447
Purchase Credit-Impaired Loans		(25,683,716	)		(495,726	)		(825,013	)		(4,480,274	)		(5,801,013	)		(31,484,729	)
Total loans, excluding Purchase Credit-Impaired Loans	$	635,918,257		$	6,256,125		$	2,721,726		$	20,702,610		$	29,680,461		$	665,598,718

	As of December 31, 2011
	Current			Days Past Due												Total
	Loans				30-59			60-89		Over 90			Total			Loans
Commercial	$	19,443,774		$	58,506		$	152,148		$	301,572		$	512,226		$	19,956,000
Real estate
Construction		44,707,804			189,794			119,174			1,583,695			1,892,663			46,600,467
Commercial		287,520,615			3,033,167			1,358,887			6,130,139			10,522,193			298,042,808
Residential		268,286,798			3,360,425			2,702,845			14,259,315			20,322,585			288,609,383
Multifamily		37,933,674			415,821			-			1,449,371			1,865,192			39,798,866
Installment and other		14,017,731			283,519			14,331			474,781			772,631			14,790,362
Total Loans		671,910,396			7,341,232			4,347,385			24,198,873			35,887,490			707,797,886
Purchase Credit-Impaired Loans		(31,085,630	)		(146,855	)		(885,441	)		(5,037,404	)		(6,069,700	)		(37,155,330	)
Total loans, excluding Purchase Credit-Impaired Loans	$	640,824,766		$	7,194,377		$	3,461,944		$	19,161,469		$	29,817,790		$	670,642,556

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	As of June 30, 2012
	Nonaccrual			Past due 90 days or more and accruing
Commercial	$	234,569		$	-
Real estate
Construction		2,006,330			45,000
Commercial		7,484,083			457,808
Residential		17,506,881			144,102
Multifamily		1,274,999			-
Installment and other		152,207			349,423
Total Loans		28,659,069			996,333
Purchase Credit-Impaired Loans:
Commercial		(428	)		-
Real Estate
Construction		-			-
Commercial		(1,509,808	)		-
Residential		(4,420,108	)		(29,861	)
Multifamily		-			-
Installment & Other		-			-
Total Purchase Credit-Impaired Loans		(5,930,344	)		(29,861	)
Total loans, excluding Purchase Credit-Impaired Loans	$	22,728,725		$	966,472

	As of December 31, 2011
	Nonaccrual			Past due 90 days or more and accruing
Commercial	$	393,391		$	47,156
Real estate
Construction		1,101,343			732,911
Commercial		7,455,567			426,242
Residential		15,931,722			757,514
Multifamily		1,990,563			-
Installment and other		62,742			412,039
		26,935,328			2,375,862
Purchase Credit-Impaired Loans:
Commercial		(2,919	)		(12,749	)
Real Estate
Construction		-			-
Commercial		(1,602,816	)		-
Residential		(4,671,780	)		(12,914	)
Multifamily		(603,395	)		-
Installment & Other		-			-
Total Purchase Credit-Impaired Loans		(6,880,910	)		(25,663	)
Total loans, excluding Purchase Credit-Impaired Loans	$	20,054,418		$	2,350,199

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of June 30, 2012
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	17,531,044	$	1,451,651	$	393,496	$	83,882	$	19,460,073
Real estate
Construction		42,533,923		-		2,893,634		162,563		45,590,120
Commercial		269,488,835		12,902,206		20,495,597		54,665		302,941,303
Multifamily		37,485,240		2,344,038		1,158,551		116,448		41,104,277
Total	$	367,039,042	$	16,697,895	$	24,941,278	$	417,558	$	409,095,773
Current	$	364,588,790	$	15,856,316	$	15,409,316	$	-	$	395,854,422
30-59		1,816,126		635,072		883,568		162,563		3,497,329
60-89		337,825		-		98,621		-		436,446
Over 90		296,301		206,507		8,549,773		254,995		9,307,576
Total	$	367,039,042	$	16,697,895	$	24,941,278	$	417,558	$	409,095,773

	As of December 31, 2011
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	17,834,473	$	1,192,000	$	895,121	$	34,406	$	19,956,000
Real estate
Construction		41,739,351		555,665		4,140,419		165,032		46,600,467
Commercial		270,211,863		10,912,130		16,864,133		54,682		298,042,808
Multifamily		34,959,277		2,849,026		1,874,115		116,448		39,798,866
Total	$	364,744,964	$	15,508,821	$	23,773,788	$	370,568	$	404,398,141
Current	$	361,193,743	$	15,233,112	$	13,013,980	$	165,032	$	389,605,867
30-59		3,052,889		-		644,399		-		3,697,288
60-89		320,762		275,709		1,033,738		-		1,630,209
Over 90		177,570		-		9,081,671		205,536		9,464,777
Total	$	364,744,964	$	15,508,821	$	23,773,788	$	370,568	$	404,398,141

Credit Quality on Real Estate and Installment Loans [Table Text Block]

	As of June 30, 2012
	Performing		Nonperforming		Total
Residential Real Estate	$	257,036,754	$	17,650,983	$	274,687,737
Installment & Other		12,798,307		501,630		13,299,937
Total	$	269,835,061	$	18,152,613	$	287,987,674

	As of December 31, 2011
	Performing		Nonperforming		Total
Residential Real Estate	$	271,920,147	$	16,689,236	$	288,609,383
Installment & Other		14,315,581		474,781		14,790,362
Total	$	286,235,728	$	17,164,017	$	303,399,745

Schedule of Impaired Loans [Table Text Block]

	June 30, 2012		December 31, 2011
Loans for which there was a related allowance for loan loss	$	23,776,630	$	24,368,902
Impaired loans with no related allowance		29,044,984		24,144,704
Total Impaired Loans	$	52,821,614	$	48,513,606
Average quarterly balance of impaired loans	$	50,667,610	$	46,524,919
Related allowance for loan losses		6,916,587		6,466,579
Interest income recognized while impaired		578,948		842,282

Impaired Financing Receivables [Table Text Block]

	As of June 30, 2012
	Unpaid Principal Balance		Partial Charge- offs		Allowance For Loan Losses Allocation		Recorded Investment
Loans with no related allowance recorded:
Commercial	$	29,352	$	1,107	$	-	$	28,245
Real estate
Construction		889,605		-		-		889,605
Commercial		14,818,239		1,125,434		-		13,692,805
Residential		14,224,207		115,556		-		14,108,651
Multifamily		130,880		8,271		-		122,609
Installment & Other		204,298		1,229		-		203,069
Total		30,296,581		1,251,597		-		29,044,984

Loans with a related allowance recorded:
Commercial		210,316		3,992		131,324		75,000
Real estate
Construction		1,645,918		17,404		454,139		1,174,375
Commercial		5,021,376		214,029		1,523,133		3,284,214
Residential		16,193,749		362,433		4,137,048		11,694,268
Multifamily		1,154,216		1,826		579,302		573,088
Installment & Other		150,739		-		91,641		59,098
Total		24,376,314		599,684		6,916,587		16,860,043
Total Impaired Loans	$	54,672,895	$	1,851,281	$	6,916,587	$	45,905,027

	As of December 31, 2011
	Unpaid Principal Balance		Partial Charge- offs		Allowance For Loan Losses Allocation		Recorded Investment
Loans with no related allowance recorded:
Commercial	$	366,920	$	11,218	$	-	$	355,702
Real estate
Construction		1,481,875		13,850		-		1,468,025
Commercial		7,968,827		1,034,776		-		6,934,051
Residential		14,640,519		82,953		-		14,557,566
Multifamily		734,274		5,508		-		728,766
Installment & Other		100,594		-		-		100,594
Total		25,293,009		1,148,305		-		24,144,704

Loans with a related allowance recorded:
Commercial		37,396		-		24,175		13,221
Real estate
Construction		774,837		14,643		274,218		485,976
Commercial		8,066,785		185,080		1,743,062		6,138,643
Residential		14,715,142		376,919		3,847,056		10,491,167
Multifamily		1,279,699		17,902		523,481		738,316
Installment & Other		89,587		-		54,587		35,000
Total		24,963,446		594,544		6,466,579		17,902,323
Total Impaired Loans	$	50,256,455	$	1,742,849	$	6,466,579	$	42,047,027

Schedule of Allowance for Credt Losses and Recorded Investment [Table Text Block]

	As of June 30, 2012
	Commercial			Construction			Commercial Real Estate			Residential Real Estate			Multifamily			Consumer			Total
Allowance for loan losses:
Beginning balance	$	163,865		$	583,784		$	3,748,857		$	5,569,743		$	786,919		$	158,920		$	11,012,088
Charge-offs		(24,891	)		(28,502	)		(411,116	)		(2,137,783	)		(164,693	)		(68,175	)		(2,835,160	)
Recoveries		5,902			32,786			148,348			181,244			2,065			18,926			389,271
Provision		129,584			178,984			135,577			2,232,957			244,543			78,355			3,000,000
Ending Balance	$	274,460		$	767,052		$	3,621,666		$	5,846,161		$	868,834		$	188,026		$	11,566,199
Loans:
Ending balance	$	19,460,073		$	45,590,120		$	302,941,303		$	274,687,737		$	41,104,277		$	13,299,937		$	697,083,447
Allowance for loan losses;
Individually evaluated for impairment		130,896			454,139			1,523,133			3,220,969			579,302			91,641			6,000,080
Collectively evaluated for impairment		143,136			312,913			2,098,533			1,709,113			289,532			96,385			4,649,612
Acquired		428			-			-			916,079			-			-			916,507
Total allowance for loan losses		274,460			767,052			3,621,666			5,846,161			868,834			188,026			11,566,199
Recorded Investment	$	19,185,613		$	44,823,068		$	299,319,637		$	268,841,576		$	40,235,443		$	13,111,911		$	685,517,248
Ending Balance:
Individually evaluated for impairment	$	234,569		$	2,518,119		$	18,500,152		$	29,939,967		$	1,274,999		$	353,808		$	52,821,614
Collectively evaluated for impairment		19,207,426			41,989,779			281,601,626			229,345,432			38,852,170			12,933,935			623,930,368
Acquired		18,078			1,082,222			2,839,525			15,402,338			977,108			12,194			20,331,465
Total ending balance	$	19,460,073		$	45,590,120		$	302,941,303		$	274,687,737		$	41,104,277		$	13,299,937		$	697,083,447

	As of December 31, 2011
	Commercial			Construction			Commercial Real Estate			Residential Real Estate			Multifamily			Consumer			Total
Allowance for loan losses:
Beginning balance	$	412,745		$	447,955		$	2,819,054		$	4,593,811		$	1,010,978		$	242,049		$	9,526,592
Charge-offs		(299,829	)		(256,279	)		(1,199,872	)		(4,971,619	)		(117,115	)		(283,184	)		(7,127,898	)
Recoveries		10,232			36,965			86,453			88,024			-			21,720			243,394
Provision		40,717			355,143			2,043,222			5,859,527			(106,944	)		178,335			8,370,000
Ending Balance	$	163,865		$	583,784		$	3,748,857		$	5,569,743		$	786,919		$	158,920		$	11,012,088
Loans:
Ending balance	$	19,956,000		$	46,600,467		$	298,042,808		$	288,609,383		$	39,798,866		$	14,790,362		$	707,797,886
Allowance for loan losses;
Individually evaluated for impairment		24,176			274,218			1,741,553			2,767,300			523,481			54,586			5,385,314
Collectively evaluated for impairment		139,689			309,566			2,005,795			1,722,687			263,438			104,334			4,545,509
Acquired		-			-			1,509			1,079,756			-			-			1,081,265
Total allowance for loan losses		163,865			583,784			3,748,857			5,569,743			786,919			158,920			11,012,088
Recorded Investment	$	19,792,135		$	46,016,683		$	294,293,951		$	283,039,640		$	39,011,947		$	14,631,442		$	696,785,798
Ending Balance:
Individually evaluated for impairment	$	393,391		$	2,227,927		$	14,815,756		$	28,895,790		$	1,990,563		$	190,179		$	48,513,606
Collectively evaluated for impairment		19,526,299			43,272,500			280,378,746			240,804,604			36,824,488			14,587,610			635,394,247
Acquired		36,310			1,100,040			2,848,306			18,908,989			983,815			12,573			23,890,033
Total ending balance	$	19,956,000		$	46,600,467		$	298,042,808		$	288,609,383		$	39,798,866		$	14,790,362		$	707,797,886

Schedule of Purchased Loans Carrying Value [Table Text Block]

	As of June 30, 2012
	Contractually Required Payments Receivable
	Credit Impaired		Non-Credit Impaired		Carrying Value of Purchased Loans
Commercial	$	74,556	$	843,459	$	689,438
Real Estate
Construction		2,669,625		43,447		1,557,760
Commercial		41,612,697		51,506,436		70,056,009
Residential		1,276,086		-		977,108
Multifamily		10,049,781		8,070,990		12,537,753
Installment and Consumer		15,219		2,811,248		1,653,407
Total	$	55,697,964	$	63,275,580	$	87,471,475

	As of December 31, 2011
	Contractually Required Payments Receivable
	Credit Impaired		Non-Credit Impaired		Carrying Value of Purchased Loans
Commercial	$	235,856	$	972,354	$	828,188
Real Estate
Construction		3,676,897		44,697		2,191,129
Commercial		10,509,579		12,485,797		15,459,924
Residential		48,061,689		56,780,596		79,049,005
Multifamily		2,302,782		-		1,587,210
Installment and Consumer		18,223		3,485,572		2,018,806
Total	$	64,805,026	$	73,769,016	$	101,134,262

Accretable Yield [Table Text Block]

	For Three Months Ended June 30,
	2012		2011
Beginning Balance	$	8,406,210	$	13,318,897
Additions		-		-
Accretion(1)		1,180,467		1,510,635
Ending Balance	$	7,225,743	$	11,808,262

	For Six Months Ended June 30,
	2012		2011
Beginning Balance	$	9,760,544	$	14,414,324
Additions		-		-
Accretion(1)		2,534,801		2,606,062
Ending Balance	$	7,225,743	$	11,808,262