CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 3,222,139	$ 1,660,204
Interest-bearing deposits at other financial institutions	56,173,099	37,222,487
Total cash and cash equivalents	59,395,238	38,882,691
Securities available for sale	76,096,646	86,057,437
Securities held to maturity (fair value approximates $46,212 at 2012 and $70,484 at 2011)	45,086	68,643
Federal Home Loan Bank stock, at cost	2,322,900	2,322,900
Loans, net of allowance for loan losses of $6,141,281 in 2012 and $7,400,049 in 2011	270,850,465	260,364,569
Bank premises and equipment, net	5,399,340	5,712,003
Accrued interest receivable	1,213,778	1,327,458
Foreclosed assets	20,332,313	18,523,960
Other assets	7,790,634	9,395,721
Total assets	443,446,400	422,655,382
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	60,053,838	43,989,943
Interest-bearing demand deposits	30,178,624	22,353,384
Savings deposits and money market accounts	80,994,239	46,857,118
Time deposits	173,653,892	200,841,499
Total deposits	344,880,593	314,041,944
Accrued interest payable	120,558	110,703
Federal funds purchased and securities sold under agreements to repurchase	19,587,387	29,390,810
Federal Home Loan Bank advances and other borrowings	37,175,000	43,045,000
Other liabilities	794,026	858,620
Total liabilities	402,557,564	387,447,077
Stockholders' equity:
Preferred stock - no par value; 2,000,000 shares authorized; 600,000 and 403,989 shares issued and outstanding in 2012 and 2011, respectively	14,821,546	9,899,544
Common stock - $1.00 par value; 20,000,000 shares authorized in 2012 and 2011; 6,709,199 shares issued in 2012 and 2011; 6,500,396 shares outstanding in 2012 and 2011	6,500,396	6,500,396
Additional paid-in capital	21,390,486	21,316,438
Retained deficit	(3,274,986)	(3,627,208)
Accumulated other comprehensive income	1,451,394	1,119,135
Total stockholders' equity	40,888,836	35,208,305
Total liabilities and stockholders' equity	$ 443,446,400	$ 422,655,382