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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net income $ 268,626 $ 629,196 $ 1,026,565
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Provision for loan losses 3,882,409 2,465,000 2,960,237
Depreciation 710,092 722,618 787,946
Amortization and accretion-net 993,420 1,053,547 657,824
Provision (benefit) for deferred income taxes (3,027,049) 407,800 (1,861,536)
Gains on sales of securities (201,421) (590,129) (676,425)
Gains on sales of assets (6,162)    
Stock based compensation plan   41,662 33,751
Restricted stock based compensation plan 5,062 2,511 10,302
Decrease in carrying value of other real estate owned 1,258,602 1,978,031 258,336
Changes in assets and liabilities, net of acquisition:      
Change in other assets 1,580,054 (272,993) (6,475,774)
Change in accrued expenses and other liabilities 1,228,889 (736,522) 1,221,223
Net cash provided by (used in) operating activities 6,692,522 5,700,721 (2,057,551)
INVESTING ACTIVITIES:      
Net cash and cash equivalents acquired from branch purchase     45,430,851
Net change in certificates of deposit 50,000   195,000
Proceeds from the sales and maturities of securities available for sale 36,591,365 49,137,806 44,262,111
Proceeds from the maturities of securities held to maturity 15,046 594,523 668,207
Purchases of securities available for sale (29,602,262) (65,324,143) (67,392,061)
Net change in other investments 746,000 199,500 30,100
Net change in loans (12,963,368) 2,434,082 (1,203,756)
Purchases of premises and equipment (421,856) (418,292) (1,075,810)
Proceeds from sale of premises and equipment 10,000    
Net proceeds from sale of other real estate owned 3,522,834 3,089,164 1,042,478
Net cash provided by (used in) investing activities (2,052,241) (10,287,360) 21,957,120
FINANCING ACTIVITIES:      
Net change in deposits 5,426,625 11,591,944 (1,331,360)
Principal payments on note payable     (239,647)
Net increase (decrease) in Federal Home Loan Bank advances (17,889) (14,167,536) (14,217,188)
Common stock dividend paid (168,663) (169,051) (399,191)
Preferred stock dividend paid (236,820) (330,001) (258,061)
Net sale (purchase) of treasury stock (5,372)   8,139
Proceeds from issuance of preferred stock   4,379,000 7,462,000
Proceeds from issuance of common stock 16,001 9,670  
Net cash provided by (used in) financing activities 5,013,882 1,314,026 (8,975,308)
Net change in cash and cash equivalents 9,654,163 (3,272,613) 10,924,261
CASH AND CASH EQUIVALENTS      
Beginning of year 23,797,498 27,070,111 16,145,850
End of year 33,451,661 23,797,498 27,070,111
Supplemental disclosures of cash paid during the year for:      
Interest 1,695,829 2,640,531 4,504,692
Income taxes 11,628 59,500 726,057
Supplemental disclosures of noncash investing activities:      
Real estate acquired through foreclosure 5,747,670 3,340,027 8,263,447
Change in unrealized gain (loss) on investment securities available for sale-net of tax 2,837,423 (984,425) 696,698
Cumulative effect of adoption of fair value option $ 0