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Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net (loss) income: $ (8,238,746) $ 908,837
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Restructuring charges and asset disposals (198,465) 39,445
Amortization and accretion of investment premiums and discounts, net 139,089 306,157
Amortization and accretion of purchase loan premiums and discounts, net 17,197 9,415
Provision for Loan Losses 970,214 (2,558,827)
Gain on sale of loans (28,310) (294,492)
Gain on sale of mortgage loans (259,821)  
Originations of mortgage loans held for sale (35,646,963)  
Proceeds from sales of mortgage loans held for sale 37,061,255  
Gain on sale of investment securities   (916,275)
Earnings on cash surrender value of life insurance (397,700) (384,673)
Depreciation and amortization 869,176 914,791
Gain on disposal of fixed assets   (100)
Gain on sale of other real estate owned (200,383) (213,555)
Proceeds from sale of branch assets and deposits 126,875  
Gain on sale of branch assets and deposits (50,643)  
Share-based compensation 70,541 236,138
Changes in assets and liabilities:    
(Increase) decrease in net deferred loan costs (197,951) 85,007
Decrease in accrued interest and dividends receivable 342,934 474,511
Decrease (increase) in other assets 1,127,466 (1,562,492)
Increase in receivable of settlement of investment securities   (14,638,081)
(Decrease) increase in accrued expenses and other liabilities (1,632,743) 250,052
Net cash used in operating activities (6,126,978) (17,344,142)
Cash Flows from Investing Activities:    
Purchases of available for sale securities   (10,005,107)
Principal repayments on available for sale securities 2,444,803 7,631,717
Proceeds from the sale of available for sale securities   45,231,718
Proceeds from redemption of available for sale securities   5,000,000
Purchases of Federal Reserve Bank stock   (48,850)
Proceeds from repurchase of excess stock by Federal Reserve Bank 212,200 11,650
Proceeds from repurchase of excess stock by Federal Home Loan Bank 201,200 164,500
Proceeds from sale of loans 10,655,482 83,007,065
Net decrease (increase) in loans 17,520,476 (75,068,587)
Proceeds from sale of other real estate owned 1,309,587 2,123,779
Capital improvements of other real estate owned (80,401) (111,464)
Purchase of bank premises and equipment, net (2,654,443) (520,447)
Net cash provided by investing activities 29,608,904 57,415,974
Cash Flows from Financing Activities:    
Net decrease in demand, savings and money market deposits (11,030,035) (3,225,872)
Net decrease in time certificates of deposits (30,592,042) (57,730,214)
Decrease in deposits held for sale (14,538,205)  
(Decrease) increase in FHLB borrowings (8,000,000) 10,000,000
Decrease in repurchase agreements (7,000,000)  
Net cash used in financing activities (71,160,282) (50,956,086)
Net (decrease) increase in cash and cash equivalents (47,678,356) (10,884,254)
Cash and Cash Equivalents:    
Beginning 71,014,407 55,425,376
Ending 23,336,051 44,541,122
Supplemental disclosures of cash flow information    
Interest paid 3,914,163 5,488,472
Income taxes paid 2,750  
Supplemental disclosures of noncash operating, investing and financing activities:    
Unrealized holding loss on available for sale securities arising during the period (838,567) (906,832)
Transfer of loans to other real estate owned   1,238,144
Transfer of other real estate owned to premises and equipment   950,000
Transfer of loans to held for sale   1,950,000
Reduction in deposits held for sale 10,167,176  
Reduction in branch assets held for sale $ 12,012