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Premises and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2012
Premises and Equipment, net [Abstract]  
Components of premises and equipment included in the balance sheets

Components of premises and equipment included in the balance sheets at December 31, 2012 and 2011 were as follows:

 

                 
    2012     2011  
     

Land and improvements

  $ 2,085,769     $ 2,085,769  

Buildings and improvements

    12,544,293       12,545,110  

Furniture and equipment

    8,974,077       8,911,442  
   

 

 

   

 

 

 

Total cost

  $ 23,604,139     $ 23,542,321  

Less accumulated amortization and depreciation

    (11,992,451     (11,242,047
   

 

 

   

 

 

 

Premises and equipment, net

  $ 11,611,688     $ 12,300,274