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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,238,044 $ 499,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 785,000 2,410,000
Depreciation 427,646 472,129
Amortization and accretion 151,284 119,743
Deferred taxes 271,000 (842,000)
Stock-based compensation 29,138 28,892
(Gain) on sale of foreclosed real estate and loans, net (198,747) (218,262)
Write-down of other real estate owned 389,171 316,458
(Gain) loss on sale of investments (30,041) (7,652)
Increase in value of bank-owned life insurance (117,602) (120,954)
Proceeds from sales of loans held-for-sale 11,279,268 12,921,766
Originations of loans held-for-sale (11,968,237) (13,570,578)
Change in assets and liabilities:    
Accrued interest receivable 81,531 80,009
Prepaid expenses and other assets 413,521 397,569
Accrued expenses and other liabilities (98,217) (1,018,013)
Net cash provided by operating activities 2,652,759 1,468,699
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans 17,654,739 19,100,759
Purchase of investments in certificates of deposit (1,988,000) (11,994,000)
Proceeds from maturities on investments in certificates of deposits 6,318,000 0
Purchase of securities available-for-sale (29,038,448) (19,480,946)
Proceeds from sale of securities available-for-sale 1,177,250 207,732
Proceeds from maturities and calls of securities available-for-sale 5,711,092 3,669,678
Proceeds from redemption of Federal Home Loan Bank stock 818,100 626,000
Purchase of premises, equipment and rental real estate (325,891) (248,549)
Net proceeds from sale of foreclosed real estate 3,260,513 679,937
Net cash provided by (used in) investing activities 3,587,355 (7,439,389)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 7,734,348 9,727,456
Net increase (decrease) in advances from borrowers for taxes and insurance 69,107 64,201
Payments of other borrowed funds (19,000,000) (12,000,000)
Common and preferred dividends paid (295,579) (281,969)
Net cash (used in) financing activities (11,492,124) (2,490,312)
Net decrease in cash (5,252,010) (8,461,002)
CASH AND DUE FROM BANKS    
Beginning 20,603,808 21,766,170
Ending 15,351,798 13,305,168
Cash payments for:    
Interest 3,201,822 4,065,375
Income taxes 6,121 1,197,213
SUPPLEMENTAL DISCLOSURE OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES    
Transfers from loans to other real estate owned $ 950,520 $ 1,793,962