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Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest and Dividend Income    
Interest and fees on loans $ 6,665,792 $ 6,956,561
Interest on investment securities 477,030 274,183
Dividends on investment securities 33,281 69,901
Interest on federal funds sold   4,026
Other interest income 10,478 61,890
Total interest and dividend income 7,186,581 7,366,561
Interest Expense    
Interest on deposits 1,516,844 1,865,349
Interest on Federal Home Loan Bank borrowings 356,837 418,875
Interest on subordinated debt 76,567 70,398
Interest on other borrowings 76,926 76,082
Total interest expense 2,027,174 2,430,704
Net interest income 5,159,407 4,935,857
Provision for Loan Losses (845,402) 6,981,629
Net interest income (loss) after provision for loan losses 6,004,809 (2,045,772)
Non-interest Income    
Mortgage brokerage referral fees 12,420 13,000
Loan application, inspection & processing fees 14,727 16,799
Fees and service charges 228,668 280,901
Gain on sale of loans 263,646  
Loss on sale of investment securities (8,042)  
Earnings on cash surrender value of life insurance 142,669 168,260
Other income 95,909 103,890
Total non-interest income 749,997 582,850
Non-interest Expense    
Salaries and benefits 2,890,724 3,214,515
Occupancy and equipment expense 1,123,584 1,354,567
Data processing 346,021 327,804
Advertising and promotional expense 17,729 157,974
Professional and other outside services 615,082 881,707
Loan administration and processing expense 8,280 37,059
Regulatory assessments 410,001 611,268
Insurance expense 169,245 230,774
Other real estate operations (150,247) 270,507
Material and communications 131,178 200,138
Restructuring charges 368,477  
Other operating expense 279,202 233,363
Total non-interest expense 6,209,276 7,519,676
Income (loss) before income taxes 545,530 (8,982,598)
Provision for Income Taxes     
Net income (loss) $ 545,530 $ (8,982,598)
Basic and diluted income (loss) per share $ 0.01 $ (0.23)