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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Cash and due from banks (Note 2):    
Noninterest bearing deposits and cash $ 2,736,486 $ 4,241,552
Interest bearing deposits 67,567,155 50,474,257
Short-term investments 710,766 709,567
Total cash and cash equivalents 71,014,407 55,425,376
Securities    
Available for sale securities, at fair value (Note 3) 41,719,320 66,469,972
Other Investments 3,500,000 3,500,000
Federal Reserve Bank stock, at cost 1,730,200 1,707,000
Federal Home Loan Bank stock, at cost (Note 8) 4,343,800 4,508,300
Total securities 51,293,320 76,185,272
Loans receivable (net of allowance for loan losses: 2012: 6,015,636 2011: $9,384,672) (Notes 4 and 18) 458,793,536 501,227,297
Loans held for sale 1,527,299 250,000
Accrued interest and dividends receivable 1,894,292 2,453,179
Premises and equipment, net (Notes 5 and 9) 4,288,372 4,108,318
Cash surrender value of life insurance (Note 12) 21,501,703 20,984,604
Other real estate owned (Note 6) 4,873,844 2,762,640
Deferred tax asset (Note 10)      
Other assets (Note 11) 2,580,118 2,419,592
Other branch related assets held for sale 88,244  
Total assets 617,855,135 665,816,278
Deposits (Notes 7 and 18):    
Noninterest bearing deposits 61,459,959 65,613,374
Interest bearing deposits 411,117,558 479,296,019
Deposits held for sale 24,705,381  
Total deposits 497,282,898 544,909,393
Borrowings (Note 8)    
Repurchase agreements 7,000,000 7,000,000
Federal Home Loan Bank borrowings 50,000,000 50,000,000
Total borrowings 57,000,000 57,000,000
Junior subordinated debt owed to unconsolidated trust (Note 8) 8,248,000 8,248,000
Accrued expenses and other liabilities 5,756,439 5,109,225
Total liabilities 568,287,337 615,266,618
Commitments and Contingencies (Notes 8, 9 and 15)      
Shareholders' equity (Notes 13 and 17)    
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding      
Common stock, $.01 par value, 100,000,000 shares authorized; 2012: 38,491,819 shares issued; 38,480,114 shares outstanding. 2011: 38,374,432 shares issued; 38,362,727 shares outstanding 384,918 383,744
Additional paid-in capital 105,355,680 105,050,433
Accumulated deficit (55,394,995) (54,858,831)
Less: Treasury stock, at cost: 2012 and 2011 11,705 shares (160,025) (160,025)
Accumulated other comprehensive (loss) income (617,780) 134,339
Total shareholders' equity 49,567,798 50,549,660
Total liabilities and shareholders' equity $ 617,855,135 $ 665,816,278