DEPOSITS

12 Months Ended

Dec. 31, 2012

Banking and Thrift [Abstract]

Deposit Liabilities Disclosures [Text Block]

NOTE 9 - DEPOSITS

Deposits at December 31 consist of the following:

	2012		2011
Noninterest-bearing demand	$	102,319,581	$	81,097,622
Interest-bearing
Demand		67,351,757		68,312,048
Money market deposits		209,813,301		191,540,190
Savings		35,291,646		30,787,620
Certificates of deposit		405,454,003		455,515,721
Total interest-bearing		717,910,707		746,155,579
Total deposits	$	820,230,288	$	827,253,201

The aggregate amount of certificates of deposit in denominations of $100,000 or more at December 31, 2012, and 2011 was $206,405,092 and $236,622,465, respectively. The aggregate amount of certificates of deposit in denominations of $250,000 or more at December 31, 2012, and 2011 was $70,789,975 and $81,816,504, respectively.

At December 31, 2012, the scheduled contractual maturities of certificates of deposit are as follows:

2013	$	242,042,465
2014		103,913,307
2015		44,663,544
2016		9,279,438
2017		5,555,249
	$	405,454,003