CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
Cash and Due from Banks:
Non-interest bearing	$ 9,437,968	$ 4,827,021
Interest bearing	39,184,749	991,832
Total Cash and Due from Banks	48,622,717	5,818,853
Federal funds sold	0	112,497
Investment Securities:
Available-for-sale (amortized cost, in 2011 and 2010, of $89,107,989 and $94,250,976, respectively)	91,527,860	97,308,410
Held-to-maturity (fair value, in 2011 and 2010, of $27,646,820 and $40,609,763, respectively)	25,829,277	39,760,756
Equity securities	1,637,200	1,835,200
Loans, less allowance for loan losses of $4,287,910 in 2011 and $2,420,143 in 2010	179,854,122	208,144,673
Loans held for sale	2,914,468	6,074,014
Bank premises and equipment, net	7,307,924	7,599,077
Other real estate	3,701,392	3,303,189
Accrued interest receivable	1,334,950	1,781,242
Cash surrender value of life insurance	1,189,097	1,145,016
Core deposits, net	235,194	342,810
Other assets	1,937,031	2,193,946
TOTAL ASSETS	366,091,232	375,419,683
Deposits:
Non-interest bearing	53,097,241	45,634,123
Interest bearing	209,960,303	212,908,408
Total Deposits	263,057,544	258,542,530
Securities sold under repurchase agreements	48,484,635	51,365,895
Federal Home Loan Bank advances	9,000,000	17,457,000
Junior subordinated debentures	5,155,000	5,155,000
Accrued interest payable (includes $277,867 and $272,656 on securities sold under repurchase agreements at December 31, 2011 and 2010, respectively)	575,658	657,984
Advances from borrowers for taxes and insurance	191,629	245,943
Accrued taxes and other liabilities	791,027	2,063,358
Total Liabilities	327,255,493	335,487,710
STOCKHOLDERS' EQUITY:
Common stock, $2.50 par value per share; 12,000,000 shares authorized; 2,152,966 and 2,149,966 issued and 2,138,466 and 2,135,466 outstanding, as of December 31, 2011, and December 31, 2010, respectively	5,382,415	5,374,915
Additional paid-in capital	7,437,103	7,379,891
Retained earnings	24,756,337	25,517,531
Accumulated other comprehensive income/(loss)	1,517,259	1,917,011
Less: Treasury stock, 14,500 shares, at cost	(257,375)	(257,375)
Total Stockholders' Equity	38,835,739	39,931,973
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 366,091,232	$ 375,419,683