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Securities (Tables)
6 Months Ended
Jun. 30, 2012
Securities [Abstract]  
Aggregate amortized costs and fair values of the available-for-sale securities portfolio
                                 

Available-for-sale securities

June 30, 2012 (unaudited)

  Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
(Losses)
    Fair
Value
 

U.S. Government agencies

  $ 7,697,972     $ 102,762     $ (15,038   $ 7,785,696  

State and municipal obligations

    25,725,617       803,240       (25,242     26,503,615  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 33,423,589     $ 906,002     $ (40,280   $ 34,289,311  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Available-for-sale securities

December 31, 2011

  Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
(Losses)
    Fair
Value
 

U.S. Government agencies

  $ 8,698,771     $ 100,951     $ (4,656   $ 8,795,066  

State and municipal obligations

    31,947,729       1,066,585       (10,259     33,004,055  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 40,646,500     $ 1,167,536     $ (14,915   $ 41,799,121  
   

 

 

   

 

 

   

 

 

   

 

 

 
Unrealized loss positions
                                                 
    Less than 12 months     12 months or more     Total  

June 30, 2012 (unaudited)

  Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 

U.S. Government agencies

  $ 1,064,773     $ 11,440     $ 245,120     $ 3,598     $ 1,309,893     $ 15,038  

States and municipal obligations

    2,388,401       25,242       —         —         2,388,401       25,242  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 3,453,174     $ 36,682     $ 245,120     $ 3,598     $ 3,698,294     $ 40,280  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
       
    Less than 12 months     12 months or more     Total  

December 31, 2011

  Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 

U.S. Government agencies

  $ 311,122     $ 4,656     $ —       $ —       $ 311,122     $ 4,656  

States and municipal obligations

    819,809       10,259       —         —         819,809       10,259  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 1,130,931     $ 14,915     $ —       $ —       $ 1,130,931     $ 14,915