XML 115 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans Receivable and Allowance for Loan Losses (Details 2) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Allowance for loan losses:      
Balance, beginning of year $ 9,384,672 $ 15,374,101 $ 15,794,118
Loans charged-off (1,070,356) (8,252,774) (8,370,279)
Transferred to loans held-for-sale    (6,054,660)  
Recoveries 80,543 853,578 236,262
Provision (2,379,223) 7,464,427 7,714,000
Balance, end of year 6,015,636 9,384,672 15,374,101
Ending balance: individually evaluated for impairment 968,414 1,259,791  
Ending balance: collectively evaluated for impairment 5,047,222 8,124,881  
Total Allowance for Loan Losses 6,015,636 9,384,672 15,374,101
Total Loans ending balance 464,150,482 509,757,889  
Ending balance: individually evaluated for impairment 33,383,078 36,757,081  
Ending balance: collectively evaluated for impairment 430,767,404 473,000,808  
Commercial [Member]
     
Allowance for loan losses:      
Balance, beginning of year 882,062 441,319  
Loans charged-off (48,414) (374,506)  
Transferred to loans held-for-sale       
Recoveries 10,861 1,240  
Provision 96,947 814,009  
Balance, end of year 941,456 882,062  
Ending balance: individually evaluated for impairment 33,280 61,145  
Ending balance: collectively evaluated for impairment 908,176 820,917  
Total Allowance for Loan Losses 941,456 882,062  
Total Loans ending balance 36,428,751 31,810,735  
Ending balance: individually evaluated for impairment 219,509 289,560  
Ending balance: collectively evaluated for impairment 36,209,242 31,521,175  
Commercial, Real Estate [Member]
     
Allowance for loan losses:      
Balance, beginning of year 4,018,746 7,632,355  
Loans charged-off (49,922) (2,940,901)  
Transferred to loans held-for-sale    (963,461)  
Recoveries 66,951 33,764  
Provision (526,380) 256,989  
Balance, end of year 3,509,395 4,018,746  
Ending balance: individually evaluated for impairment 728,607 319,894  
Ending balance: collectively evaluated for impairment 2,780,788 3,698,852  
Total Allowance for Loan Losses 3,509,395 4,018,746  
Total Loans ending balance 247,495,321 215,659,837  
Ending balance: individually evaluated for impairment 15,909,103 9,575,970  
Ending balance: collectively evaluated for impairment 231,586,218 206,083,867  
Construction [Member]
     
Allowance for loan losses:      
Balance, beginning of year 867,159 3,478,058  
Loans charged-off (101,391) (3,305,318)  
Transferred to loans held-for-sale    (1,409,701)  
Recoveries   519,160  
Provision (454,471) 1,584,960  
Balance, end of year 311,297 867,159  
Ending balance: individually evaluated for impairment 120,616 31,520  
Ending balance: collectively evaluated for impairment 190,681 835,639  
Total Allowance for Loan Losses 311,297 867,159  
Total Loans ending balance 4,997,991 12,306,922  
Ending balance: individually evaluated for impairment 1,862,038 1,378,579  
Ending balance: collectively evaluated for impairment 3,135,953 10,928,343  
Construction to permanent [Member]
     
Allowance for loan losses:      
Balance, beginning of year 547,333 491,446  
Transferred to loans held-for-sale       
Provision (528,613) 55,887  
Balance, end of year 18,720 547,333  
Ending balance: individually evaluated for impairment   498,254  
Ending balance: collectively evaluated for impairment 18,720 49,079  
Total Allowance for Loan Losses 18,720 547,333  
Total Loans ending balance 4,851,768 10,012,022  
Ending balance: individually evaluated for impairment 1,258,710 9,108,987  
Ending balance: collectively evaluated for impairment 3,593,058 903,035  
Residential [Member]
     
Allowance for loan losses:      
Balance, beginning of year 2,550,588 2,363,838  
Loans charged-off (84,711) (1,458,198)  
Transferred to loans held-for-sale    (3,681,498)  
Provision (1,568,509) 5,326,446  
Balance, end of year 897,368 2,550,588  
Ending balance: individually evaluated for impairment 83,543 197,478  
Ending balance: collectively evaluated for impairment 813,825 2,353,110  
Total Allowance for Loan Losses 897,368 2,550,588  
Total Loans ending balance 119,033,025 188,108,855  
Ending balance: individually evaluated for impairment 13,567,175 14,986,243  
Ending balance: collectively evaluated for impairment 105,465,850 173,122,612  
Consumer [Member]
     
Allowance for loan losses:      
Balance, beginning of year 458,762 578,612  
Loans charged-off (785,918) (173,851)  
Transferred to loans held-for-sale       
Recoveries 2,731 299,414  
Provision 541,123 (245,413)  
Balance, end of year 216,698 458,762  
Ending balance: individually evaluated for impairment 2,368 151,500  
Ending balance: collectively evaluated for impairment 214,330 307,262  
Total Allowance for Loan Losses 216,698 458,762  
Total Loans ending balance 51,343,626 51,859,518  
Ending balance: individually evaluated for impairment 566,543 1,417,742  
Ending balance: collectively evaluated for impairment 50,777,083 50,441,776  
Unallocated [Member]
     
Allowance for loan losses:      
Balance, beginning of year 60,022 388,473  
Transferred to loans held-for-sale       
Provision 60,680 (328,451)  
Balance, end of year 120,702 60,022  
Ending balance: collectively evaluated for impairment 120,702 60,022  
Total Allowance for Loan Losses $ 120,702 $ 60,022