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Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,031,348 $ 917,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 231,387 269,503
Provision for loan losses 100,000 145,000
Stock compensation expense 55,536 59,355
Net losses on sales of loans and other assets 652,771 870,978
Changes in other operating assets and liabilities:    
Net change in loans held for sale (185,350) (501,300)
Accrued interest receivable (24,021) (10,927)
Accrued interest payable 25,378 (86,055)
Other assets and liabilities 1,693,085 1,440,032
Net cash provided by operating activities 3,580,134 3,103,816
CASH FLOWS FROM INVESTING ACTIVITIES    
Securities available for sale 30,392,105 34,307,143
Securities held to maturity 16,904 19,483
Purchase of securities available for sale (26,098,797) (17,325,386)
Loan originations and principal collections, net (15,361,936) 3,205,690
Purchase of bank premises and equipment 86,298 0
Proceeds from sale of bank premises and equipment 0 88,344
Proceeds from sale of other real estate and other assets 2,769,712 5,143,610
Net cash (used in) provided by investing activities (8,195,714) 25,438,884
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase / (decrease) in deposits 14,921,054 (12,895,470)
Net (decrease) / increase in federal funds purchased and securities sold under agreements to repurchase (10,010,775) 1,728,205
Net payments on Federal Home Loan Bank advances and other borrowings (5,870,000) (11,670,000)
Payment of dividends on preferred stock (705,886) (303,413)
Issuance of preferred stock 2,230,029 4,550,378
Net cash provided by (used in) financing activities 564,422 (18,590,300)
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS (4,051,158) 9,952,400
CASH AND CASH EQUIVALENTS, beginning of period 38,882,691 22,981,952
CASH AND CASH EQUIVALENTS, end of period 34,831,533 32,934,352
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for interest 3,678,025 5,042,822
Cash paid during the period for taxes 943,327 0
NONCASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of real estate through foreclosure $ 7,399,290 $ 9,808,944