4. Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Schedule Of Available For Sale Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Securities AFS	Cost		Gains		Losses		Value
June 30, 2012
U.S. Government sponsored enterprise (GSE) debt securities	$	52,544,543	$	390,057	$	4,979	$	52,929,621
U.S. Government securities		7,030,128		30,232		1,451		7,058,909
U.S. GSE preferred stock		42,360		70,965		0		113,325
	$	59,617,031	$	491,254	$	6,430	$	60,101,855
December 31, 2011
U.S. GSE debt securities	$	60,846,954	$	215,595	$	99,310	$	60,963,239
U.S. Government securities		5,006,979		37,424		848		5,043,555
U.S. GSE preferred stock		42,360		49,763		0		92,123
	$	65,896,293	$	302,782	$	100,158	$	66,098,917
June 30, 2011
U.S. GSE debt securities	$	22,191,612	$	129,836	$	0	$	22,321,448
U.S. Government securities		5,018,844		38,868		0		5,057,712
U.S. GSE preferred stock		42,360		148,808		0		191,168
	$	27,252,816	$	317,512	$	0	$	27,570,328

Schedule Of Held to Maturity Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Securities HTM	Cost		Gains		Losses		Value*
June 30, 2012
States and political subdivisions	$	24,026,422	$	598,578	$	0	$	24,625,000
December 31, 2011
States and political subdivisions	$	29,702,159	$	586,841	$	0	$	30,289,000
June 30, 2011
States and political subdivisions	$	21,939,781	$	684,219	$	0	$	22,624,000

Schedule of Maturities of Debt Securities Available for Sale

	Amortized		Fair
	Cost		Value
June 30, 2012
Due in one year or less	$	3,007,965	$	3,015,864
Due from one to five years		56,566,706		56,972,666
	$	59,574,671	$	59,988,530
December 31, 2011
Due in one year or less	$	5,018,549	$	5,035,711
Due from one to five years		58,835,384		58,970,925
Due from five to ten years		2,000,000		2,000,158
	$	65,853,933	$	66,006,794
June 30, 2011
Due in one year or less	$	10,075,075	$	10,117,753
Due from one to five years		17,135,381		17,261,407
	$	27,210,456	$	27,379,160

Schedule Of Maturities of Debt Securities Held to Maturity

	Amortized		Fair
	Cost		Value*
June 30, 2012
Due in one year or less	$	14,724,739	$	14,725,000
Due from one to five years		4,082,893		4,232,000
Due from five to ten years		2,016,088		2,166,000
Due after ten years		3,202,702		3,502,000
	$	24,026,422	$	24,625,000
December 31, 2011
Due in one year or less	$	20,589,247	$	20,589,000
Due from one to five years		4,534,944		4,682,000
Due from five to ten years		822,735		969,000
Due after ten years		3,755,233		4,049,000
	$	29,702,159	$	30,289,000
June 30, 2011
Due in one year or less	$	12,747,547	$	12,747,000
Due from one to five years		3,955,564		4,127,000
Due from five to ten years		1,375,793		1,547,000
Due after ten years		3,860,877		4,203,000
	$	21,939,781	$	22,624,000

*Method used to determine fair value on HTM securities rounds values to nearest thousand.

Schedule Of Unrealized Loss

	Less than 12 months
		Fair		Unrealized
		Value		Loss
June 30, 2012
U.S. GSE debt securities	$	3,533,963	$	4,979
U.S. Government securities		2,010,281		1,451
	$	5,544,244	$	6,430
December 31, 2011
U.S. GSE debt securities	$	29,940,644	$	99,310
U.S. Government securities		999,766		848
	$	30,940,410	$	100,158