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DEPOSITS

12 Months Ended

Dec. 31, 2011

NOTE 9 - DEPOSITS

Deposits at December 31 consist of the following:

	2011		2010
Noninterest-bearing demand	$	81,097,622	$	75,642,197
Interest-bearing:
Demand		68,312,048		56,727,102
Money market deposits		191,540,190		122,330,785
Savings		30,787,620		31,683,368
Certificates of deposit		455,515,721		438,198,874
Total interest-bearing		746,155,579		648,940,129

Total Deposits	$	827,253,201	$	724,582,326

The aggregate amount of certificates of deposit in denominations of $100,000 or more at December 31, 2011, and 2010 was $236,622,465 and $232,534,791, respectively. The aggregate amount of certificates of deposit in denominations of $250,000 or more at December 31, 2011, and 2010 was $81,816,504 and $84,772,971, respectively.

At December 31, 2011, the scheduled maturities of certificates of deposit are as follows:

2012	$	268,330,047
2013		103,807,688
2014		49,735,440
2015		24,207,325
2016		9,435,221
	$	455,515,721

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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