Securities (Tables)

9 Months Ended

Sep. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule Of Available For Sale Securities and Held To Maturity Reconciliation [Table Text Block]

The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2012 and December 31, 2011 are summarized as follows:

	September 30, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Debt securities available-for-sale:
U.S. Government agencies	$	4,011,585	$	56,906	$	-		$	4,068,491
State and municipal securities		22,001,757		2,023,437		(20,690	)		24,004,504
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA		9,894,087		167,082		-			10,061,169
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		43,963,078		97,546		(3,488	)		44,057,136
	$	79,870,507	$	2,344,971	$	(24,178	)	$	82,191,300
Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA	$	51,385	$	1,435	$	-		$	52,820

	December 31, 2011
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Debt securities available-for-sale:
U.S. Government agencies	$	4,176,301	$	13,978	$	-		$	4,190,279
State and municipal securities		22,902,892		1,584,284		(50,919	)		24,436,257
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA		11,723,499		150,767		(3,096	)		11,871,170
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		45,431,456		131,215		(2,940	)		45,559,731
	$	84,234,148	$	1,880,244	$	(56,955	)	$	86,057,437
Debt securities held to maturity:
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA	$	68,643	$	1,841	$	-		$	70,484

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and estimated market value of securities at September 30, 2012, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Securities Available-for-Sale				Securities Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	-	$	-	$	-	$	-
Due from one year to five years		873,012		959,363		-		-
Due from five years to ten years		5,724,921		6,324,325		-		-
Due after ten years		19,415,409		20,789,307		-		-
	$	26,013,342	$	28,072,995	$	-	$	-
Mortgage-backed securities		53,857,165		54,118,305		51,385		52,820
	$	79,870,507	$	82,191,300	$	51,385	$	52,820

Schedule of Unrealized Loss on Investments [Table Text Block]

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available for sale have been in a continuous unrealized loss position, as of September 30, 2012 and as of December 31, 2011:

	As of September 30, 2012
	Less than 12 Months					12 Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
Debt securities available for sale:
State and municipal securities	$	557,395	$	(20,690	)	$	-	$	-		$	557,395	$	(20,690	)
Mortgage-backed Securities:
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		13,528,692		(2,969	)		1,688,000		(519	)		15,216,692		(3,488	)
	$	14,086,087	$	(23,659	)	$	1,688,000	$	(519	)	$	15,774,087	$	(24,178	)

	As of December 31, 2011
	Less than 12 Months					12 Months or Greater					Total
			Gross					Gross					Gross
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
Debt securities available for sale:
State and municipal securities	$	1,735,771	$	(50,919	)	$	-	$	-		$	1,735,771	$	(50,919	)
Mortgage-backed securities:
Residential mortgage guaranteed by GNMA		-		-			3,133,826		(3,096	)		3,133,826		(3,096	)
Collateralized mortgage obligations issued or guaranteed by U.S. Government agencies or sponsored agencies		-		-			6,954,999		(2,940	)		6,954,999		(2,940	)
	$	1,735,771	$	(50,919	)	$	10,088,825	$	(6,036	)	$	11,824,596	$	(56,955	)