Note 7.

Deposits

Deposits at December 31 were as follows:

	2011		2010
Demand deposit accounts:
Noninterest-bearing	$	20,611,897	$	19,089,162
Interest-bearing		133,265,490		116,865,788
Savings accounts		33,272,368		30,713,715
Money market savings		34,437,965		33,999,781
Certificates of deposit		139,263,007		149,164,458
	$	360,850,727	$	349,832,904

Scheduled maturities of certificates of deposit at December 31 were as follows:

Year ending December 31:	2011
2012	$	70,487,863
2013		29,447,716
2014		19,160,438
2015		11,267,030
2016		8,899,960
	$	139,263,007

Interest expense on deposits consisted of the following:

	Years Ended December 31,
	2011		2010		2009

Demand deposit accounts	$	1,051,315	$	773,780	$	171,281
Savings accounts		37,560		53,479		54,959
Money market savings		98,441		198,528		297,135
Certificates of deposit		3,367,803		4,288,145		6,278,631
	$	4,555,119	$	5,313,932	$	6,802,006

The aggregate amounts of certificates of deposit in excess of $100,000 were $31,395,546 and $25,588,973 as of December 31, 2011 and 2010, respectively. Certificates of deposit include approximately $567,000 and $558,000 of brokered certificates of deposit as of December 31, 2011 and 2010, respectively.