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Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 393,562 $ 361,933
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 155,415 233,564
Provision for loan losses 30,000 2,480,000
Stock compensation expense 39,570 37,306
Other (gains) and losses, net 858,143 (386,195)
Changes in other operating assets and liabilities:    
Net change in loans held for sale (298,500) (371,000)
Accrued interest receivable 28,874 (141,737)
Accrued interest payable 3,462 23,222
Other assets and liabilities 818,835 26,417
Net cash provided by operating activities 2,029,361 2,263,510
CASH FLOWS FROM INVESTING ACTIVITIES    
Securities available for sale 689,587 50,499,955
Securities held to maturity 13,872 20,266
Purchase of securities available for sale (250,000) (53,138,697)
Purchase of Federal Home Loan Bank stock 0 (93,700)
Loan originations and principal collections, net 3,235,943 12,633,191
Purchase of bank premises and equipment 92,018 (2,299)
Proceeds from sale of bank premises and equipment 0 199,664
Proceeds from sale of other real estate and other assets 3,474,865 4,516,827
Net cash provided by investing activities 7,256,285 14,635,207
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) in deposits (526,125) (4,093,656)
Net increase / (decrease) in federal funds purchased and securities sold under agreements to repurchase 2,685,897 (2,216,720)
Net payments on Federal Home Loan Bank advances and other borrowings (6,235,000) (5,100,000)
Payment of dividends on preferred stock (92,325) 0
Issuance of preferred stock 1,804,092 0
Net cash used in financing activities (2,363,461) (11,410,376)
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,922,185 5,488,341
CASH AND CASH EQUIVALENTS, beginning of period 22,981,952 38,202,205
CASH AND CASH EQUIVALENTS, end of period 29,904,137 43,690,546
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest 3,443,097 5,083,934
Cash paid during the period for taxes 0 500,000
NONCASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of real estate through foreclosure $ 9,838,317 $ 4,365,571