Condensed Consolidated Statements of Financial Condition (June 30, 2012 Unaudited) (USD $)	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash	$ 2,560,633	$ 7,200,969
Interest-bearing deposits in other financial institutions	23,511,158	19,373,113
Cash and cash equivalents	26,071,791	26,574,082
Interest-bearing deposits		5,587,654
Available-for-sale securities	102,855,567	81,064,878
Held-to-maturity securities	198,212	218,571
Stock in Federal Home Loan Bank, at cost	3,805,500	3,846,900
Mortgage loans held for sale	2,715,211	3,702,849
Loans receivable, net of allowance for loan losses of June 30, 2012 - $13,126,138 - December 31, 2011 - $10,613,145	472,430,277	478,960,736
Accrued interest receivable:
Loans	1,770,110	1,752,786
Investments and interest-bearing deposits	406,974	386,534
Prepaid expenses and other assets	6,765,179	7,116,067
Prepaid FDIC deposit insurance premiums	1,681,214	2,089,076
Foreclosed assets held for sale	8,116,383	10,012,035
Premises and equipment	11,405,864	11,423,822
Bank owned life insurance	13,452,663	10,770,887
Income taxes receivable	42,837	512,666
Deferred income taxes	4,890,371	4,486,315
	656,608,153	648,505,858
LIABILITIES
Deposits	496,355,640	484,583,665
Federal Home Loan Bank advances	68,050,000	68,050,000
Securities sold under agreements to repurchase	25,000,000	25,000,000
Subordinated debentures	15,465,000	15,465,000
Advances from borrowers for taxes and insurance	372,658	156,509
Accrued expenses and other liabilities	528,064	496,956
Accrued interest payable	433,053	518,881
	606,204,415	594,271,011
COMMITMENTS AND CONTINGENCIES
Capital Stock:
Series A preferred stock, $0.01 par value; authorized 2,000,000 shares; issued and outstanding at June 30, 2012 and December 31, 2011 - 12,000 and 17,000 shares, respectively	11,692,019	16,425,912
Common stock, $0.10 par value; authorized 10,000,000 shares; issued June 30, 2012 and December 31, 2011 - 6,781,803 and 6,779,800 shares, respectively	678,180	677,980
Common stock warrants; June 30, 2012 and December 31, 2011 - 459,459 shares	1,377,811	1,377,811
Additional paid-in capital	58,218,483	58,333,614
Unearned ESOP shares	(90,930)	(204,930)
Retained earnings, substantially restricted	38,956,533	38,456,991
Accumulated other comprehensive income
Unrealized appreciation on available-for-sale securities, net of income taxes	940,986	791,285
	111,773,082	115,858,663
Treasury stock, at cost; June 30, 2012 and December 31, 2011 - 4,056,862 and 4,072,156 shares, respectively	(61,369,344)	(61,623,816)
	50,403,738	54,234,847
	$ 656,608,153	$ 648,505,858