CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and due from banks	$ 1,660,204	$ 1,490,030
Interest-bearing deposits at other financial institutions	37,222,487	21,491,922
Total cash and cash equivalents	38,882,691	22,981,952
Securities available for sale	86,057,437	108,250,434
Securities held to maturity (fair value approximates $70,484 at 2011 and $98,388 at 2010)	68,643	95,702
Federal Home Loan Bank stock, at cost	2,322,900	2,322,900
Loans, net of allowance for loan losses of $7,400,049 in 2011 and $9,132,171 in 2010	260,364,569	276,114,617
Bank premises and equipment, net	5,712,003	8,047,370
Accrued interest receivable	1,327,458	1,326,480
Foreclosed assets	18,523,960	12,808,838
Other assets	9,395,721	9,551,121
Total assets	422,655,382	441,499,414
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	43,989,943	28,980,043
Interest-bearing demand deposits	22,353,384	24,834,214
Savings deposits and money market accounts	46,857,118	34,041,672
Time deposits	200,841,499	247,591,161
Total deposits	314,041,944	335,447,090
Accrued interest payable	110,703	176,761
Federal funds purchased and securities sold under agreements to repurchase	29,390,810	24,325,372
Federal Home Loan Bank advances and other borrowings	43,045,000	54,715,000
Other liabilities	858,620	1,016,038
Total liabilities	387,447,077	415,680,261
Stockholders' equity:
Preferred stock - no par value; 2,000,000 shares authorized; 403,989 and 114,540 shares issued and outstanding in 2011 and 2010, respectively	9,899,544	2,727,424
Common stock - $1.00 par value; 20,000,000 shares authorized in 2011 and 2010; 6,709,199 shares issued in 2011 and 2010; 6,500,396 shares outstanding in 2011 and 2010	6,500,396	6,500,396
Additional paid-in capital	21,316,438	21,237,298
Retained deficit	(3,627,208)	(4,317,130)
Accumulated other comprehensive income	1,119,135	(328,835)
Total stockholders' equity	35,208,305	25,819,153
Total liabilities and stockholders' equity	$ 422,655,382	$ 441,499,414