8. Loan Servicing

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

8. Loan Servicing

Note 8.  Loan Servicing

The following table shows the changes in the carrying amount of the mortgage servicing rights for the periods indicated:

	June 30,			December 31,			June 30,
	2012			2011			2011
Balance at beginning of year	$	1,097,442		$	1,076,708		$	1,076,708
Mortgage servicing rights capitalized		204,042			355,730			176,014
Mortgage servicing rights amortized		(202,455	)		(346,165	)		(161,413	)
Change in valuation allowance		(46,836	)		11,169			112,502
Balance at end of period	$	1,052,193		$	1,097,442		$	1,203,811