NOTE G.

DEPOSITS

Deposits at December 31, 2011 and 2010, consisted of the following:

	2011		2010
Non-Interest Bearing Demand Deposits	$	53,097,241	$	45,634,123
NOW Accounts		71,282,519		66,650,551
Money Market Deposit Accounts		36,943,902		36,140,259
Savings Accounts		19,708,682		19,098,255
Certificates of Deposit		82,025,200		91,019,342
	$	263,057,544	$	258,542,530

Maturities of certificates of deposit of $100,000 or more outstanding at December 31, 2011 and 2010, are summarized as follows:

	2011		2010
Time Remaining Until Maturity:
Three Months or Less	$	15,624,118	$	8,916,552
Over Three Through Six Months		10,778,293		11,371,781
Over Six Through Twelve Months		14,520,058		16,876,882
Over Twelve Months		5,523,277		3,784,489
	$	46,445,746	$	40,949,704

The approximate scheduled maturities of certificates of deposits for each of the next five years are:

2012	$	69,041,899
2013		8,667,584
2014		2,848,455
2015		718,250
2016		749,012
	$	82,025,200

Interest expense on certificates of deposit greater than $100,000 was approximately $436,000 and $606,000 for the years ended December 31, 2011 and 2010, respectively. The public fund deposits were $38,035,843 and $42,254,956 at December 31, 2011 and 2010, respectively.