Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting

Note 21.   Segment Reporting

An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision maker.  The Company has determined that it has one reportable segment, which is the traditional banking segment.  All other segments were considered quantitatively insignificant and grouped in the category “All Others.”  The traditional banking segment consists of the Company and the Bank.  The Bank operates as a federal savings bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where the Bank's offices are located.  The remaining grouping under the heading “All Others” consists of the operations of the subsidiaries under the Bank, which includes real estate abstracting services, insurance and investment services, and ownership of low-income housing tax credit apartment complexes.

Transactions between affiliates, the resulting revenues of which are shown in the intersegment revenue category, are conducted at market prices, meaning prices that would be paid if the companies were not affiliates.

	Year Ended December 31, 2011
	Traditional
	Banking		All Others			Total
Interest income	$	20,214,912	$	-		$	20,214,912
Interest expense		5,581,551		107,116			5,688,667
Net interest income (loss)		14,633,361		(107,116	)		14,526,245
Provision for loan losses		2,135,000		-			2,135,000
Net interest income (loss) after
provision for loan losses		12,498,361		(107,116	)		12,391,245
Noninterest income		5,827,515		1,748,428			7,575,943
Securities gains, net		135,754		-			135,754
Noninterest expense		14,804,879		1,873,700			16,678,579
Income (loss) before income taxes		3,656,751		(232,388	)		3,424,363
Provision for income taxes		827,100		(41,100	)		786,000
Net income (loss)	$	2,829,651	$	(191,288	)	$	2,638,363
Intersegment revenue (expense)	$	487,518	$	(487,518	)	$	-
Total assets		429,659,504		3,362,114			433,021,618
Total deposits		360,850,727		-			360,850,727

	Year Ended December 31, 2010
	Traditional
	Banking		All Others			Total
Interest income	$	22,208,615	$	-		$	22,208,615
Interest expense		7,634,844		111,370			7,746,214
Net interest income (loss)		14,573,771		(111,370	)		14,462,401
Provision for loan losses		4,091,000		-			4,091,000
Net interest income (loss) after
provision for loan losses		10,482,771		(111,370	)		10,371,401
Noninterest income		6,255,171		1,683,194			7,938,365
Securities gain (losses), net		7,652		-			7,652
Noninterest expense		14,504,681		1,629,912			16,134,593
Income before income taxes		2,240,913		(58,088	)		2,182,825
Provision for income taxes		468,800		8,700			477,500
Net income	$	1,772,113	$	(66,788	)	$	1,705,325
Intersegment revenue (expense)	$	687,592	$	(687,592	)	$	-
Total assets		448,725,812		3,537,854			452,263,666
Total deposits		349,832,904		-			349,832,904