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Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net loss $ (15,459,486) $ (15,398,945) $ (23,879,606)
Adjustments to reconcile net loss to net cash used in operating activities      
Restructuring charges and asset impairments 951,659    
Amortization and accretion of investment premiums and discounts, net 409,511 401,949 157,727
Amortization and accretion of purchase loan premiums and discounts, net 11,301 110,433 26,079
Amortization of core deposit intangible 15,012 15,900 16,788
Provision for loan losses 7,464,427 7,714,000 13,089,000
Gain on sale of investment securities (1,109,305)   (434,334)
Gain on sale of loans (79,729)    
Loss on disposal of fixed assets 4,644    
(Gain) loss on sale of other real estate owned (193,786) 164,494  
Impairment write-down on other real estate owned 165,764 1,084,023  
Gain on redemption of investment security     (16,880)
Depreciation and amortization of premises and equipment 1,272,660 1,498,334 1,660,803
Payment of fees to directors in common stock     55,833
Earnings on cash surrender value of life insurance (636,272) (546,910) (724,627)
Deferred income taxes     8,624,602
Change in assets and liabilities:      
Increase in net deferred loan costs (472,515) (288,790) (843,519)
Decrease in accrued interest and dividends receivable 59,007 724,066 1,320,503
Decrease (increase) in other assets 6,276,762 799,119 (8,018,616)
Increase (decrease) in accrued expenses and other liabilities 344,279 830,750 (832,112)
Net cash used in operating activities (976,067) (2,891,577) (9,798,359)
Cash Flows from Investing Activities      
Purchases of available for sale securities (65,459,630) (15,162,500) (34,265,081)
Purchases of other investments   (3,500,000)  
Proceeds from sale of available for sale securities 26,349,070   19,852,541
Proceeds from redemptions of available for sale securities   15,000,000 12,000,000
Principal repayments on available for sale securities 12,029,209 8,793,644 7,326,444
Purchase of Federal Reserve Bank stock (1,174,100)   (1,500)
Proceeds from repurchase of excess stock by the Federal Reserve Bank 659,100 647,650 75,050
Proceeds from sale of loans 55,089,794    
Net (increase) decrease in loans (34,363,332) 93,035,888 112,017,191
Purchase of other real estate owned (481,165)    
Capital improvements to other real estate owned (20,000) (266,449)  
Proceeds from sale of other real estate owned 19,579,304 11,786,337  
Purchases of premises and equipment, net (685,029) (173,083) (308,185)
Net cash provided by investing activities 11,523,221 110,161,487 116,696,460
Cash Flows from Financing Activities      
Net (decrease) increase in demand, savings and money market deposits (17,785,483) (33,040,482) 69,100,673
Net decrease in time certificates of deposit (84,113,953) (81,484,981) (92,587,732)
Net proceeds from issuance of common stock in acquisition   46,233,779  
Other     (908)
Dividends paid on common stock     (213,453)
Net cash used in financing activities (101,899,436) (68,291,684) (23,701,420)
Net (decrease) increase in cash and cash equivalents (91,352,282) 38,978,226 83,196,681
Cash and cash equivalents at      
Beginning of year 146,777,658 107,799,432 24,602,751
End of year 55,425,376 146,777,658 107,799,432
Supplemental Disclosures of Cash Flow Information      
Interest paid 8,290,544 13,250,797 24,348,048
Income taxes paid 10,534 2,080 1,216,134
Supplemental Disclosure of Noncash Investing and Financing Activities      
Unrealized holding (losses) gains on available for sale securities arising during the period (1,875,874) 767,812 1,470,721
Transfer of loans to other real estate owned 5,403,970 10,103,199 19,073,993
Transfer of loans to held for sale $ 250,000