Securities (Tables)

9 Months Ended

Sep. 30, 2012

Securities [Abstract]

Aggregate amortized costs and fair values of the available-for-sale securities portfolio

The aggregate amortized costs and fair values of the available-for-sale securities portfolio are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Available-for-sale securities
September 30, 2012 (unaudited)
U.S. Government agencies	$	8,219,454	$	82,746	$	(20,010	)	$	8,282,190
State and municipal obligations		22,538,721		462,866		(21,757	)		22,979,830
	$	30,758,175	$	545,612	$	(41,767	)	$	31,262,020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value
Available-for-sale securities
December 31, 2011
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

The tables are shown below.

	Less than 12 months				12 months or more				Total
September 30, 2012 (unaudited)	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Government agencies	$	544,367	$	17,143	$	215,186	$	2,867	$	759,553	$	20,010
States and municipal obligations		1,664,025		20,976		543,447		781		2,207,472		21,757
Total temporarily impaired securities	$	2,208,392	$	38,119	$	758,633	$	3,648	$	2,967,025	$	41,767
	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