4. Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Schedule Of Available For Sale Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Securities AFS	Cost		Gains		Losses		Value
March 31, 2013
U.S. Government sponsored enterprise (GSE) debt securities	$	38,706,702	$	238,027	$	25,471	$	38,919,258
U.S. Government securities		7,067,072		24,401		418		7,091,055
	$	45,773,774	$	262,428	$	25,889	$	46,010,313
December 31, 2012
U.S. GSE debt securities	$	33,552,376	$	247,029	$	13,936	$	33,785,469
U.S. Government securities		7,073,445		28,217		1,072		7,100,590
	$	40,625,821	$	275,246	$	15,008	$	40,886,059
March 31, 2012
U.S. GSE debt securities	$	65,701,558	$	258,785	$	59,195	$	65,901,148
U.S. Government securities		7,035,625		21,730		6,625		7,050,730
U.S GSE preferred stock		42,360		41,700		0		84,060
	$	72,779,543	$	322,215	$	65,820	$	73,035,938

Schedule Of Held to Maturity Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Securities HTM	Cost		Gains		Losses		Value*
March 31, 2013
States and political subdivisions	$	42,380,968	$	352,032	$	0	$	42,733,000
December 31, 2012
States and political subdivisions	$	41,865,555	$	425,445	$	0	$	42,291,000
March 31, 2012
States and political subdivisions	$	33,562,606	$	605,394	$	0	$	34,168,000

Schedule of Maturities of Debt Securities Available for Sale

The scheduled maturities of debt securities AFS were as follows:

	Amortized			Fair
	Cost			Value
March 31, 2013
Due in one year or less	$	8,184,431	$	8,205,591
Due from one to five years		35,339,343		35,565,694
Due from five to ten years		2,250,000		2,239,028
	$	45,773,774	$	46,010,313
December 31, 2012
Due in one year or less	$	4,088,947	$	4,104,324
Due from one to five years		36,536,874		36,781,735
	$	40,625,821	$	40,886,059
March 31, 2012
Due in one year or less	$	7,020,449	$	7,050,344
Due from one to five years		64,716,734		64,896,400
Due from five to ten years		1,000,000		1,005,134
	$	72,737,183	$	72,951,878

Schedule Of Maturities of Debt Securities Held to Maturity

The scheduled maturities of debt securities HTM were as follows:

	Amortized		Fair
	Cost		Value*
March 31, 2013
Due in one year or less	$	33,501,248	$	33,501,000
Due from one to five years		3,641,743		3,730,000
Due from five to ten years		1,898,484		1,986,000
Due after ten years		3,339,493		3,516,000
	$	42,380,968	$	42,733,000
December 31, 2012
Due in one year or less	$	32,741,241	$	32,741,000
Due from one to five years		3,849,709		3,956,000
Due from five to ten years		1,916,266		2,023,000
Due after ten years		3,358,339		3,571,000
	$	41,865,555	$	42,291,000
March 31, 2012
Due in one year or less	$	24,784,042	$	24,784,000
Due from one to five years		4,236,531		4,388,000
Due from five to ten years		804,472		956,000
Due after ten years		3,737,561		4,040,000
	$	33,562,606	$	34,168,000

Schedule Of Unrealized Loss

There were no debt securities HTM in an unrealized loss position as of the balance sheet date.  Debt securities AFS with unrealized losses as of the balance sheet dates are presented in the table below.  There were no debt securities in an unrealized loss position of 12 months or more as of the dates presented.

	Less than 12 months
	Fair		Unrealized
	Value		Loss
March 31, 2013
U.S. GSE debt securities	$	11,398,359	$	25,471
U.S. Government securities		2,051,016		418
	$	13,449,375	$	25,889
December 31, 2012
U.S. GSE debt securities	$	8,715,492	$	13,936
U.S. Government securities		1,052,639		1,072
	$	9,768,131	$	15,008
March 31, 2012
U.S. GSE debt securities	$	23,532,511	$	59,195
U.S. Government securities		3,008,279		6,625
	$	26,540,790	$	65,820