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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net income (loss) $ 545,530 $ (8,982,598)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Restructuring charges 311,616  
Amortization and accretion of investment premiums and discounts, net 114,285 54,861
Amortization and accretion of purchase loan premiums and discounts, net 2,333 2,514
Provision for loan losses (845,402) 6,981,629
Gain on sale of loans (263,646)  
Loss on sale of investment securities 8,042  
Amortization of core deposit intangible 3,531 3,753
Earnings on cash surrender value of life insurance (142,669) (168,260)
Depreciation and amortization 300,970 347,700
(Gain) loss on sale of other real estate owned (201,355) 58,215
Impairment writedown on other real estate owned   165,764
Share-based compensation 79,631  
Changes in assets and liabilities:    
Decrease in deferred loan costs 314,763 149,244
Decrease in accrued interest and dividends receivable 210,388 186,483
(Increase) decrease in other assets (630,224) 342,597
Decrease in accrued expenses and other liabilities (406,919) (107,350)
Net cash used in operating activities (599,126) (965,448)
Cash Flows from Investing Activities:    
Principal repayments on available for sale securities 2,690,810 1,975,898
Proceeds from the sale of available for sale securities 5,165,626  
Proceeds from repurchase of excess stock by the Federal Reserve Bank 14,850 190,200
Purchases of Federal Reserve Bank Stock   (1,174,100)
Proceeds from repurchase of excess Federal Home Loan Bank Stock 164,500  
Proceeds from sale of loans 67,126,928 46,440,794
Net (increase) decrease in loans (32,361,045) 14,087,758
Purchase of other real estate owned   (481,165)
Proceeds from sale of other real estate owned 1,823,435 15,715,973
Capital improvements of other real estate owned (32,943)  
(Purchase) refund of bank premises and equipment (125,141) 7,025
Net cash provided by investing activities 44,467,020 76,762,383
Cash Flows from Financing Activities:    
Net decrease in demand, savings and money market deposits (4,345,839) (7,445,003)
Net decrease in time certificates of deposits (973,234) (58,080,795)
Increase in FHLB borrowings 10,000,000  
Net cash provided by (used in) financing activities 4,680,927 (65,525,798)
Net increase in cash and cash equivalents 48,548,821 10,271,137
Cash and Cash Equivalents:    
Beginning 55,425,376 146,777,658
Ending 103,974,197 157,048,795
Supplemental Disclosures of Cash Flow Information    
Interest paid 1,950,296 2,355,998
Income taxes paid   8,534
Supplemental disclosures of noncash operating, investing and financing activities:    
Unrealized holding gain on available for sale securities arising during the period 100,645 5,202
Transfer of loans to other real estate owned 1,238,144  
Transfer of other real estate owned to premises and equipment $ 950,000