Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Investments [Abstract]

Schedule of Securities Available for Sale Securities

. The amortized cost of securities as shown in the consolidated balance sheets and their estimated fair values at June 30, 2012, and December 31, 2011, were as follows:

Securities Available For Sale:

June 30, 2012		Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
State and municipal securities	$	1,249,000	$	82,596	$	0	$	1,331,596
Residential mortgage-backed securities		11,961,856		819,308		0		12,781,164
Total debt securities AFS		13,210,856		901,904		0		14,112,760
Equity securities		174,549		0		44,149		130,400
Total securities AFS	$	13,385,405	$	901,904	$	44,149	$	14,243,160

December 31, 2011		Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
State and municipal securities	$	2,724,000	$	117,597	$	0	$	2,841,597
Residential mortgage-backed securities		24,345,585		1,343,250		0		25,688,835
Total debt securities AFS		27,069,585		1,460,847		0		28,530,432
Equity securities		174,549		0		64,149		110,400
Total securities AFS	$	27,244,134	$	1,460,847	$	64,149	$	28,640,832

Schedule of Securities Held to Maturity

Securities Held to Maturity:

June 30, 2012		Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
U.S. Government Agency securities	$	1,999,761	$	1,759	$	0	$	2,001,520
State and municipal securities		36,708,074		1,260,452		24,440		37,944,086
Residential mortgage-backed securities		19,070,381		757,836		0		19,828,217
Total securities HTM	$	57,778,216	$	2,020,047	$	24,440	$	59,773,823

December 31, 2011		Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
State and municipal securities	$	29,918,408	$	1,137,322	$	5,674	$	31,050,056
Residential mortgage-backed securities		22,420,320		688,147		0		23,108,467
Total securities HTM	$	52,338,728	$	1,825,469	$	5,674	$	54,158,523

Schedule of Information Pertaining to Securities Gross Unrealized Losses by Investments

Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in continuous loss position, follows:

June 30, 2012	Less Than Twelve Months				Twelve Months or More
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
Securities Available for Sale
Temporarily impaired debt securities:
State and municipal securities	$	0	$	0	$	0	$	0
Residential mortgage-backed securities		0		0		0		0
Total debt securities AFS		0		0		0		0
Temporarily impaired equity securities		44,149		130,400		0		0
Other-than-temporarily impaired equity securities		0		0		0		0
Total securities available for sale	$	44,149	$	130,400	$	0	$	0
Securities Held to Maturity
Temporarily impaired debt securities:
U.S. Government Agency securities	$	0	$	0	$	0	$	0
State and municipal securities		24,440		4,925,956		0		0
Residential mortgage-backed securities		0		0		0		0
Total securities held to maturity	$	24,440	$	4,925,956	$	0	$	0

December 31, 2011	Less Than Twelve Months				Twelve Months or More
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
Securities Available for Sale
Temporarily impaired debt securities:
State and municipal securities	$	0	$	0	$	0	$	0
Residential mortgage-backed securities		0		0		0		0
Total debt securities AFS		0		0		0		0
Temporarily impaired equity securities		64,149		110,400		0		0
Other-than-temporarily impaired equity securities		0		0		0		0
Total securities available for sale	$	64,149	$	110,400	$	0	$	0
Securities Held to Maturity
Temporarily impaired debt securities:
State and municipal securities	$	5,674	$	1,142,423	$	0	$	0
Residential mortgage-backed securities		0		0		0		0
Total securities held to maturity	$	5,674	$	1,142,423	$	0	$	0