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11. Repurchase Agreements (Details Narrative) (USD $)	12 Months Ended
11. Repurchase Agreements (Details Narrative) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Notes to Financial Statements
Securities sold under agreements to repurchase	$ 34,149,608	$ 21,645,446
Book value of collateral of agreement	40,625,821	28,236,279
Fair value of collateral of agreement	40,886,059	28,425,092
Average daily balance of repurchase agreements	26,383,409	21,725,160
Maximum borrowings outstanding on repurchase agreement	$ 34,149,608	$ 24,090,954
Weighted average interest rate on repurchase agreement	0.55%	0.65%

The carrying value as of the balance sheet date of securities that an institution sells and agrees to repurchase (the identical or substantially the same securities) as a seller-borrower at a specified date for a specified price, also known as a repurchase agreement, or repo. Most repos involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit, are sometimes used in repos.

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