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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities:    
Net income (loss) $ 908,837 $ (15,902,507)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Restructuring charges and asset disposals 39,445 1,094,094
Amortization and accretion of investment premiums and discounts, net 306,157 234,525
Amortization and accretion of purchase loan premiums and discounts, net 9,415 7,542
Provision for loan losses (2,558,827) 8,464,427
Gain on sale of loans (294,492) (79,729)
Gain on sale of investment securities (916,275) (779,685)
Amortization of core deposit intangible 6,963 11,259
Earnings on cash surrender value of life insurance (384,673) (491,378)
Depreciation and amortization 914,791 974,798
(Gain) loss on disposal of fixed assets (100) 2,624
(Gain) loss on sale of other real estate owned (213,555) 58,215
Impairment writedown on other real estate owned   165,764
Share-based compensation 236,138  
Changes in assets and liabilities:    
Decrease in deferred loan costs 85,007 34,092
Decrease in accrued interest and dividends receivable 474,511 191,614
(Increase) decrease in other assets (1,569,455) 7,162,488
Increase in receivable of settlement of investment securities (14,638,081)  
Increase (decrease) in accrued expenses and other liabilities 250,052 (466,973)
Net cash (used in) provided by operating activities (17,344,142) 681,170
Cash Flows from Investing Activities:    
Purchases of available for sale securities (10,005,107) (65,459,630)
Principal repayments on available for sale securities 7,631,717 7,316,078
Proceeds from the sale of available for sale securities 45,231,718 9,757,118
Proceeds from redemption of available for sale securities 5,000,000  
Redemptions of Federal Reserve Bank Stock 11,650 659,100
Purchases of Federal Reserve Bank Stock (48,850) (1,174,100)
Proceeds from repurchase of excess Federal Home Loan Bank Stock 164,500  
Proceeds from sale of loans 83,007,065 55,089,794
Net (increase) decrease in loans (75,068,587) 13,849,922
Purchase of other real estate owned   (481,165)
Proceeds from sale of other real estate owned 2,123,779 15,715,973
Capital improvements of other real estate owned (111,464)  
Purchase of bank premises and equipment (520,447) (457,643)
Net cash provided by investing activities 57,415,974 34,815,447
Cash Flows from Financing Activities:    
Net decrease in demand, savings and money market deposits (3,225,872) (25,697,339)
Net decrease in time certificates of deposits (57,730,214) (113,388,461)
Increase in FHLB borrowings 10,000,000  
Net cash used in financing activities (50,956,086) (139,085,800)
Net decrease in cash and cash equivalents (10,884,254) (103,589,183)
Cash and Cash Equivalents:    
Beginning 55,425,376 146,777,658
Ending 44,541,122 43,188,475
Supplemental Disclosures of Cash Flow Information    
Interest paid 5,488,472 6,319,721
Income taxes paid   10,534
Supplemental disclosures of noncash operating, investing and financing activities:    
Unrealized holding loss on available for sale securities arising during the period (906,832) (967,244)
Transfer of loans to other real estate owned 1,238,144 3,781,890
Transfer of other real estate owned to premises and equipment 950,000  
Transfer of loans to held for sale $ 1,950,000 $ 250,000