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Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and Dividend Income      
Interest and fees on loans $ 25,957,563 $ 33,615,884 $ 41,121,342
Interest on investment securities 1,990,248 1,522,873 1,335,283
Dividends on investment securities 240,025 267,790 293,735
Interest on federal funds sold 6,875 17,036 37,546
Other interest income 137,598 185,308 180,174
Total interest and dividend income 28,332,309 35,608,891 42,968,080
Interest Expense      
Interest on deposits 6,283,578 11,178,793 22,021,255
Interest on Federal Home Loan Bank borrowings 1,632,378 1,698,771 1,698,712
Interest on subordinated debt 285,936 288,428 331,309
Interest on other borrowings 308,551 308,551 308,552
Total interest expense 8,510,443 13,474,543 24,359,828
Net interest income 19,821,866 22,134,348 18,608,252
Provision for Loan Losses (Note 4) 7,464,427 7,714,000 13,089,000
Net interest income after provision for loan losses 12,357,439 14,420,348 5,519,252
Non-interest Income      
Mortgage brokerage referral fees 58,440 90,889 167,854
Loan application, inspection and processing fees 78,613 155,494 214,334
Fees and service charges 964,796 1,174,361 1,025,258
Gain on sale of loans 79,729    
Gain on sale of investment securities 1,109,305   434,334
Gain on redemption of investment securities     16,880
Earnings on cash surrender value of life insurance 636,272 546,910 724,627
Other income 484,322 386,586 363,193
Total non-interest income 3,411,477 2,354,240 2,946,480
Non-interest Expense      
Salaries and benefits (Notes 9 and 14) 12,395,120 13,195,673 11,879,544
Occupancy and equipment expense 4,931,152 5,555,240 5,657,908
Data processing 1,286,170 1,456,873 1,373,489
Advertising and promotional expenses 573,495 312,621 280,567
Professional and other outside services 3,406,640 3,067,221 4,021,330
Loan administration and processing expenses 271,025 303,562 519,412
Regulatory assessments 1,992,865 2,957,010 3,165,722
Insurance expense 869,479 936,035 762,766
Other real estate operations (Note 6) 877,969 2,286,948 793,781
Material and communications 684,778 804,623 782,068
Restructuring charges and asset disposals (Note 20) 2,986,441    
Other operating expenses 953,268 1,072,727 895,001
Total non-interest expense 31,228,402 31,948,533 30,131,588
Loss before income taxes (15,459,486) (15,173,945) (21,665,856)
Provision for Income Taxes (Note 10)   (225,000) (2,213,750)
Net loss $ (15,459,486) $ (15,398,945) $ (23,879,606)
Loss per share (Note 13) $ (0.40) $ (1.30) $ (5.02)
Dividends per share