LOANS (Tables)

12 Months Ended

Dec. 31, 2012

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans consist of the following:

	Years Ended December 31,
	2012		2011
Commercial real estate	$	419,667,312	$	370,383,885
Residential first mortgages		177,663,354		164,543,309
Construction and land development		31,818,782		36,744,865
Home equity and second mortgage		21,982,375		24,138,324
Commercial loans		88,157,606		101,968,056
Consumer loans		995,206		1,000,983
Commercial equipment		16,267,684		19,760,753
		756,552,319		718,540,175
Less:
Deferred loan fees		664,610		796,359
Allowance for loan loss		8,246,957		7,655,041
		8,911,567		8,451,400
	$	747,640,752	$	710,088,775

Schedule of Related Party Transactions [Table Text Block]

Activity in loans outstanding to executive officers and directors for the years ended December 31, 2012 and 2011 are summarized as follows:

	2012			2011
Balance, beginning of year	$	6,475,004		$	6,250,097
New loans made during year		842,052			815,681
Repayments made during year		(330,300	)		(590,774	)
Balance, end of year	$	6,986,756		$	6,475,004

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The loan receivables are disaggregated on the basis of the Company’s impairment methodology.

	Commercial Real Estate			Residential First Mortgage			Construction and Land Development			Home Equity and Second Mtg.			Commercial Loans			Consumer Loans			Commercial Equipment			Total
At and For the Year Ended December 31, 2012
Allowance for loan losses:
Balance at January 1,	$	2,525,199		$	539,205		$	354,385		$	143,543		$	3,850,294		$	19,119		$	223,296		$	7,655,041
Charge-offs		(486,431	)		(10,987	)		(140,835	)		(210,753	)		(1,003,824	)		(4,994	)		(168,802	)		(2,026,626	)
Recoveries		-			37,524			-			-			51,350			987			-			89,861
Provisions		2,051,066			517,486			319,880			347,029			(948,796	)		4,229			237,787			2,528,681
Balance at December 31,	$	4,089,834		$	1,083,228		$	533,430		$	279,819		$	1,949,024		$	19,341		$	292,281		$	8,246,957
Ending balance: individually evaluated for impairment	$	785,878		$	403,475		$	-		$	-		$	353,883		$	-		$	4,421		$	1,547,657
Ending balance: collectively evaluated for impairment	$	3,303,956		$	679,753		$	533,430		$	279,819		$	1,595,141		$	19,341		$	287,860		$	6,699,300
Loan receivables:
Ending balance	$	419,667,312		$	177,663,354		$	31,818,782		$	21,982,375		$	88,157,606		$	995,206		$	16,267,684		$	756,552,319
Ending balance: individually evaluated for impairment	$	21,618,890		$	3,367,827		$	4,877,868		$	291,000		$	8,778,681		$	51,748		$	4,421		$	38,990,435
Ending balance: collectively evaluated for impairment	$	398,048,422		$	174,295,527		$	26,940,914		$	21,691,375		$	79,378,925		$	943,458		$	16,263,263		$	717,561,884

	Commercial Real Estate			Residential First Mortgage			Construction and Land Development			Home Equity and Second Mtg.		Commercial Loans			Consumer Loans			Commercial Equipment			Total
At and For the Year Ended December 31, 2011
Allowance for loan losses:
Balance at January 1,	$	3,313,983		$	204,073		$	1,266,625		$	97,519	$	2,552,039		$	32,209		$	202,699		$	7,669,147
Charge-offs		(1,249,038	)		(49,002	)		(213,007	)		-		(2,441,076	)		(3,000	)		(150,005	)		(4,105,128	)
Recoveries		-			967			-			-		1,936			968			-			3,871
Provisions		460,254			383,167			(699,233	)		46,024		3,737,395			(11,058	)		170,602			4,087,151
Balance at December 31,	$	2,525,199		$	539,205		$	354,385		$	143,543	$	3,850,294		$	19,119		$	223,296		$	7,655,041
Ending balance: individually evaluated for impairment	$	423,093		$	113,000		$	100,000		$	42,340	$	1,318,502		$	-		$	-		$	1,996,935
Ending balance: collectively evaluated for impairment	$	2,102,106		$	426,205		$	254,385		$	101,203	$	2,531,792		$	19,119		$	223,296		$	5,658,106
Loan receivables:
Ending balance	$	370,383,885		$	164,543,309		$	36,744,865		$	24,138,324	$	101,968,056		$	1,000,983		$	19,760,753		$	718,540,175
Ending balance: individually evaluated for impairment	$	31,166,090		$	5,849,538		$	9,057,433		$	492,319	$	23,896,287		$	82,036		$	371,936		$	70,915,639
Ending balance: collectively evaluated for impairment	$	339,217,795		$	158,693,771		$	27,687,432		$	23,646,005	$	78,071,769		$	918,947		$	19,388,817		$	647,624,536

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

Non-accrual and Past Due Loans

Non-accrual loans as of December 31, 2012 and 2011 were as follows:

	December 31, 2012												December 31, 2011
	90 or Greater Days Delinquent		Number of Loans		Nonacccrual Performing Loans		Number of Loans		Total Dollars		Total Number of Loans		90 or Greater Days Delinquent		Number of Loans
Commercial real estate	$	1,527,844		7	$	3,802,947		2	$	5,330,791		9	$	2,866,539		11
Residential first mortgages		3,169,404		10		569,693		3		3,739,097		13		2,438,771		7
Construction and land development		-		-		-		-		-		-		1,413,550		2
Home equity and second mortgage		71,296		2		-		-		71,296		2		291,285		7
Commercial loans		3,732,090		11		-		-		3,732,090		11		2,263,916		4
Consumer loans		-		-		51,748		1		51,748		1		500		1
Commercial equipment		216,383		4		-		-		216,383		4		236,056		3
	$	8,717,017		34	$	4,424,388		6	$	13,141,405		40	$	9,510,617		35

Past Due Financing Receivables [Table Text Block]

An analysis of past due loans as of December 31, 2012 and 2011 is as follows:

December 31, 2012	Current		31-60 Days		61-89 Days		90 or Greater Days		Total Past Due		Total Loan Receivables
Commercial real estate	$	416,721,658	$	-	$	1,417,810	$	1,527,844	$	2,945,654	$	419,667,312
Residential first mortgages		173,593,886		97,307		802,757		3,169,404		4,069,468		177,663,354
Construction and land dev.		31,818,782		-		-		-		-		31,818,782
Home equity and second mtg.		21,499,018		350,715		61,346		71,296		483,357		21,982,375
Commercial loans		84,384,426		-		41,090		3,732,090		3,773,180		88,157,606
Consumer loans		983,094		9,363		2,749		-		12,112		995,206
Commercial equipment		15,659,007		371,921		20,373		216,383		608,677		16,267,684
Total	$	744,659,871	$	829,306	$	2,346,125	$	8,717,017	$	11,892,448	$	756,552,319

December 31, 2011	Current		31-60 Days		61-89 Days		90 or Greater Days		Total Past Due		Total Loan Receivables
Commercial real estate	$	367,415,647	$	101,699	$	-	$	2,866,539	$	2,968,238	$	370,383,885
Residential first mortgages		160,785,337		1,319,201		-		2,438,771		3,757,972		164,543,309
Construction and land dev.		35,331,315		-		-		1,413,550		1,413,550		36,744,865
Home equity and second mtg.		23,618,693		228,346		-		291,285		519,631		24,138,324
Commercial loans		95,961,076		49,781		3,693,283		2,263,916		6,006,980		101,968,056
Consumer loans		991,838		8,645		-		500		9,145		1,000,983
Commercial equipment		19,450,929		24,869		48,899		236,056		309,824		19,760,753
Total	$	703,554,835	$	1,732,541	$	3,742,182	$	9,510,617	$	14,985,340	$	718,540,175

Schedule Of Financing Receivable Recorded Investment Credit Quality Indicatoer [Table Text Block]

Credit quality indicators as of December 31, 2012 and 2011 were as follows:

Credit Risk Profile by Internally Assigned Grade
	Commercial Real Estate				Construction and Land Dev.
	2012		2011		2012		2011
Unrated	$	59,930,126	$	1,003,553	$	4,330,321	$	-
Pass		329,882,941		338,952,446		19,752,749		27,687,432
Special mention		4,880,758		-		-		-
Substandard		24,973,487		30,391,213		7,735,712		9,057,433
Doubtful		-		-		-		-
Loss		-		36,673		-		-
Total	$	419,667,312	$	370,383,885	$	31,818,782	$	36,744,865

	Commercial Loans				Commercial Equipment
	2012		2011		2012		2011
Unrated	$	11,627,726	$	586,124	$	5,082,713	$	391,786
Pass		64,436,809		78,183,487		11,180,550		19,209,380
Special mention		-		-		-		-
Substandard		12,093,071		23,198,445		4,421		159,587
Doubtful		-		-		-		-
Loss		-		-		-		-
Total	$	88,157,606	$	101,968,056	$	16,267,684	$	19,760,753

Credit Risk Profile Based on Payment Activity
	Residential First Mortgages				Home Equity and Second Mtg.				Consumer Loans
	2012		2011		2012		2011		2012		2011
Performing	$	174,493,950	$	162,104,538	$	21,911,079	$	23,847,039	$	995,206	$	1,000,483
Nonperforming		3,169,404		2,438,771		71,296		291,285		-		500
Total	$	177,663,354	$	164,543,309	$	21,982,375	$	24,138,324	$	995,206	$	1,000,983

Impaired Financing Receivables [Table Text Block]

Impaired loans, including TDRs, at December 31, 2012 and 2011 were as follows:

December 31, 2012	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Commercial real estate	$	21,618,890	$	18,804,478	$	2,814,412	$	21,618,890	$	785,878	$	22,501,842	$	1,119,715
Residential first mortgages		3,367,827		2,362,062		1,005,765		3,367,827		403,475		3,388,867		157,595
Construction and land dev.		4,877,868		4,877,868		-		4,877,868		-		4,792,982		276,260
Home equity and second mtg.		291,000		291,000		-		291,000		-		221,000		6,783
Commercial loans		8,778,681		8,330,442		448,238		8,778,681		353,883		9,153,074		284,095
Consumer loans		51,748		51,748		-		51,748		-		64,459		5,284
Commercial equipment		4,421		-		4,421		4,421		4,421		5,112		318
Total	$	38,990,435	$	34,717,598	$	4,272,836	$	38,990,435	$	1,547,657	$	40,127,336	$	1,850,050

December 31, 2011	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Commercial real estate	$	8,405,656	$	6,404,447	$	1,593,560	$	7,998,006	$	423,093	$	6,880,651	$	375,203
Residential first mortgages		618,206		-		618,206		618,206		113,000		618,835		10,294
Construction and land dev.		3,130,466		1,716,915		1,413,550		3,130,466		100,000		3,193,938		84,107
Home equity and second mtg.		42,340		-		42,340		42,340		42,340		42,340		-
Commercial loans		8,798,072		2,369,329		6,428,743		8,798,072		1,318,502		9,188,371		314,216
Commercial equipment		129,876		129,876		-		129,876		-		147,035		8,905
Total	$	21,124,616	$	10,620,567	$	10,096,399	$	20,716,966	$	1,996,935	$	20,071,170	$	792,725

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

TDRs, included in the impaired loan schedule above, as of December 31, 2012 and 2011 were as follows:

	Years Ended December 31,
	2012				2011
	Dollars		Number of Loans		Dollars		Number of Loans
Commercial real estate	$	3,097,214		7	$	7,696,921		10
Residential first mortgages		1,418,229		3		-		-
Construction and land development		-		-		1,716,915		1
Commercial loans		-		-		2,369,329		3
Commercial equipment		-		-		129,876		1
	$	4,515,443		10	$	11,913,041		15