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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net income (loss) $ 890,812 $ (16,157,966)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Restructuring charges and asset disposals (5,049) 1,996,441
Amortization and accretion of investment premiums and discounts, net 213,178 116,431
Amortization and accretion of purchase loan premiums and discounts, net 7,272 5,028
Provision for loan losses (2,558,827) 8,464,427
Gain on sale of loans (263,646) (79,729)
Loss on sale of investment securities 8,042   
Amortization of core deposit intangible 6,963 7,506
Earnings on cash surrender value of life insurance (262,964) (321,245)
Depreciation and amortization 606,350 684,904
(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 133,128   
Changes in assets and liabilities:    
Decrease in deferred loan costs 36,089 100,958
Decrease in accrued interest and dividends receivable 163,833 182,723
(Increase) decrease in other assets 564,285 6,717,760
(Decrease) increase in accrued expenses and other liabilities (61,423) 457,203
Net cash used in operating activities (723,312) 2,398,420
Cash Flows from Investing Activities:    
Principal repayments on available for sale securities 5,039,296 3,976,411
Proceeds from the sale (purchases) of available for sale securities 5,165,626 (51,995,480)
Redemptions of Federal Reserve Bank Stock    455,500
Purchases of Federal Reserve Bank Stock (12,550) (1,174,100)
Proceeds from repurchase of excess Federal Home Loan Bank Stock 164,500   
Proceeds from sale of loans 67,126,928 55,089,794
Net (increase) decrease in loans (47,966,735) 16,308,380
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 (89,051)   
(Purchase) refund of bank premises and equipment (252,341) (218,522)
Net cash provided by investing activities 30,999,108 37,676,791
Cash Flows from Financing Activities:    
Net decrease in demand, savings and money market deposits 7,813,928 (9,443,954)
Net decrease in time certificates of deposits (30,627,566) (112,860,038)
Net cash provided by (used in) financing activities (22,813,638) (122,303,992)
Net increase in cash and cash equivalents 7,462,158 (82,228,781)
Cash and Cash Equivalents:    
Beginning 55,425,376 146,777,658
Ending 62,887,534 64,548,877
Supplemental Disclosures of Cash Flow Information    
Interest paid 3,807,140 4,432,799
Income taxes paid    10,534
Supplemental disclosures of noncash operating, investing and financing activities:    
Unrealized holding gain on available for sale securities arising during the period 306,842 459,133
Transfer of loans to other real estate owned 1,238,144 2,661,330
Transfer of other real estate owned to premises and equipment $ 950,000