CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 10,830,866	$ 13,074,091
Federal funds sold	370,000	5,040,000
Interest-bearing deposits with banks	563,011	1,004,098
Securities available for sale (AFS), at fair value	34,147,730	41,827,612
Securities held to maturity (HTM), at amortized cost	140,636,265	153,516,839
Federal Home Loan Bank and Federal Reserve Bank stock - at cost	5,988,900	5,587,000
Loans receivable - net of allowance for loan losses of $7,915,798 and $7,655,041	722,942,471	710,088,775
Premises and equipment, net	17,963,404	16,440,902
Foreclosed real estate	4,467,834	5,028,513
Accrued interest receivable	2,996,328	3,027,784
Investment in bank owned life insurance	18,257,291	18,098,085
Other assets	9,427,404	10,746,024
Total Assets	968,591,504	983,479,723
Deposits
Noninterest-bearing deposits	78,817,029	81,097,622
Interest-bearing deposits	726,872,082	746,155,579
Total deposits	805,689,111	827,253,201
Short-term borrowings	7,000,000
Long-term debt	60,564,433	60,576,595
Guaranteed preferred beneficial interest in junior subordinated debentures	12,000,000	12,000,000
Accrued expenses and other liabilities	6,643,551	8,195,829
Total Liabilities	891,897,095	908,025,625
Stockholders' Equity
Common stock - par value $.01; authorized - 15,000,000 shares; Issued 3,045,949 and 3,026,557 shares, respectively	30,459	30,266
Additional paid in capital	17,635,165	17,367,403
Retained earnings	39,762,446	38,712,194
Accumulated other comprehensive gain	247,693	289,599
Unearned ESOP shares	(981,354)	(945,364)
Total Stockholders' Equity	76,694,409	75,454,098
Total Liabilities and Stockholders' Equity	968,591,504	983,479,723
Preferred Stock, Senior Non-Cumulative Perpetual, Series C
Stockholders' Equity
Preferred Stock, value	$ 20,000,000	$ 20,000,000