Note 8: Disclosures about Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

6/30/2012
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Financial assets:
Equity securities	$	68	$	-	$	-	$	68
Debt securities:
U.S. government agencies		-		49,568		-		49,568
Municipals		-		8,215		-		8,215
Corporate Bonds		-		1,822		-		1,822
Government sponsored mortgage-backed securities		-		43,183		-		43,183
Available-for-sale securities	$	68	$	102,788	$	-	$	102,856

12/31/2011
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Financial assets:
Equity securities	$	62	$	-	$	-	$	62
Debt securities:
U.S. government agencies		-		34,727		-		34,727
U.S. treasuries		2,043		-		-		2,043
Municipals		-		4,144		-		4,144
Government sponsored mortgage-backed securities		-		40,089		-		40,089
Available-for-sale securities	$	2,105	$	78,960	$	-	$	81,065

Fair Value Measurements, Nonrecurring [Table Text Block]

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Impaired loans:
June 30, 2012	$	-	$	-	$	24,083	$	24,083
December 31, 2011	$	-	$	-	$	11,243	$	11,243

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Foreclosed assets held for sale:
June 30, 2012	$	-	$	-	$	4,804	$	4,804
December 31, 2011	$	-	$	-	$	3,626	$	3,626

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Fair Value June 30, 2012		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	16,273	Market Comparable	Discount to reflect realizable value	0%	-	70%	(17%)
Impaired loans	$	7,810	Discounted cash flow	Discount rate	0%	-	16%	(13%)
Foreclosed assets held for sale	$	4,804	Market Comparable	Discount to reflect realizable value	0%	-	17%	(2%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	June 30, 2012
					Fair Value Measurement Using
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	26,071,791	$	26,071,791	$	26,071,791	$	-	$	-
Held-to-maturity securities		198,212		211,858		-		211,858		-
Federal Home Loan Bank stock		3,805,500		3,805,500		-		3,805,500		-
Mortgage loans held for sale		2,715,211		2,715,211		-		2,715,211		-
Loans, net		472,430,277		480,148,619		-		-		480,148,619
Interest receivable		2,177,084		2,177,084		-		2,177,084		-
Financial liabilities:
Deposits		496,355,640		497,528,446		-		497,528,446		-
Federal Home Loan Bank advances		68,050,000		71,606,325		-		71,606,325		-
Securities sold under agreements to repurchase		25,000,000		25,112,715		-		25,112,715		-
Subordinated debentures		15,465,000		15,465,000		-		-		15,465,000
Interest payable		433,053		433,053		-		433,053		-
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-		-		-
Unused lines of credit		-		-		-		-		-

	December 31, 2011
					Fair Value Measurement Using
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	26,574,082	$	26,574,082	$	26,574,082	$	-	$	-
Interest-bearing deposits		5,587,654		5,587,654		-		5,587,654
Held-to-maturity securities		218,571		235,574		-		235,574		-
Federal Home Loan Bank stock		3,846,900		3,846,900		-		3,846,900		-
Mortgage loans held for sale		3,702,849		3,702,849		-		3,702,849		-
Loans, net		478,960,736		485,714,408		-		-		485,714,408
Interest receivable		2,139,320		2,139,320		-		2,139,320		-
Financial liabilities:
Deposits		484,583,665		485,803,947		-		485,803,947		-
Federal Home Loan Bank advances		68,050,000		70,815,606		-		70,815,606		-
Securities sold under agreements to repurchase		25,000,000		25,025,344		-		25,025,344		-
Subordinated debentures		15,465,000		15,465,000		-		-		15,465,000
Interest payable		518,881		518,881		-		518,881		-
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-		-		-
Unused lines of credit		-		-		-		-		-