Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 667,102	$ 393,562
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	234,632	155,415
Provision for loan losses	0	30,000
Stock compensation expense	37,024	39,570
Net losses on sales of loans and other assets	508,636	858,143
Changes in other operating assets and liabilities:
Net change in loans held for sale	198,000	(298,500)
Accrued interest receivable	80,855	28,874
Accrued interest payable	3,800	3,462
Other assets and liabilities	1,372,491	818,835
Net cash provided by operating activities	3,102,540	2,029,361
CASH FLOWS FROM INVESTING ACTIVITIES
Securities available for sale	19,474,936	689,587
Securities held to maturity	11,523	13,872
Purchase of securities available for sale	(19,672,373)	(250,000)
Loan originations and principal collections, net	(3,595,662)	3,235,943
Purchase of bank premises and equipment	(61,432)	92,018
Proceeds from sale of other real estate and other assets	1,916,855	3,474,865
Net cash (used in) provided by investing activities	(1,926,153)	7,256,285
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase / (decrease) in deposits	7,697,663	(526,125)
Net (decrease) / increase in federal funds purchased and securities sold under agreements to repurchase	(6,091,691)	2,685,897
Net payments on Federal Home Loan Bank advances and other borrowings	(5,435,000)	(6,235,000)
Payment of dividends on preferred stock	(440,031)	(92,325)
Issuance of preferred stock	1,089,086	1,804,092
Net cash (used in) financing activities	(3,179,973)	(2,363,461)
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS	(2,003,586)	6,922,185
CASH AND CASH EQUIVALENTS, beginning of period	38,882,691	22,981,952
CASH AND CASH EQUIVALENTS, end of period	36,879,105	29,904,137
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for interest	2,527,205	3,443,097
Cash paid during the period for taxes	913,327	0
NONCASH INVESTING AND FINANCING ACTIVITIES
Acquisition of real estate through foreclosure	$ 6,121,012	$ 9,838,317