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Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Cash and due from banks:    
Noninterest bearing deposits and cash $ 3,866,156 $ 2,736,486
Interest bearing deposits 20,509,127 67,567,155
Short-term investments 711,213 710,766
Total cash and cash equivalents 25,086,496 71,014,407
Securities:    
Available for sale securities, at fair value (Note 2) 39,543,075 41,719,320
Other Investments 3,500,000 3,500,000
Federal Reserve Bank stock, at cost 1,634,100 1,730,200
Federal Home Loan Bank stock, at cost 4,142,600 4,343,800
Total securities 48,819,775 51,293,320
Loans receivable (net of allowance for loan losses: 2013: $5,322,070 2012: $6,015,636) (Note 3) 447,813,433 458,793,536
Loans held for sale 11,551,869 1,527,299
Accrued interest and dividends receivable 1,710,690 1,894,292
Premises and equipment, net 6,420,178 4,288,372
Cash surrender value of life insurance 21,770,880 21,501,703
Other real estate owned 3,845,041 4,873,844
Deferred tax asset (Note 6)      
Other assets 1,785,598 2,580,118
Other branch related assets held for sale   88,244
Total assets 568,803,960 617,855,135
Deposits (Note 4):    
Noninterest bearing deposits 63,869,164 61,459,959
Interest bearing deposits 413,773,710 411,117,558
Deposits held for sale   24,705,381
Total deposits 477,642,874 497,282,898
Borrowings:    
Repurchase agreements   7,000,000
Federal Home Loan Bank borrowings 35,000,000 50,000,000
Total borrowings 35,000,000 57,000,000
Junior subordinated debt owed to unconsolidated trust 8,248,000 8,248,000
Accrued expenses and other liabilities 4,773,320 5,756,439
Total liabilities 525,664,194 568,287,337
Commitments and Contingencies (Note 9)      
Shareholders' equity    
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; 2013 & 2012: 38,491,819 shares issued; 38,445,326 shares outstanding 384,570 384,918
Additional paid-in capital 105,371,239 105,355,680
Accumulated deficit (61,263,793) (55,394,995)
Less: Treasury stock, at cost: 2013 and 2012 11,705 shares (160,025) (160,025)
Accumulated other comprehensive loss (1,192,225) (617,780)
Total shareholders' equity 43,139,766 49,567,798
Total liabilities and shareholders' equity $ 568,803,960 $ 617,855,135