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

6 Months Ended

9 Months Ended

Jun. 30, 2012

Sep. 30, 2012

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

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
9/30/2012
Financial assets:
Equity securities	$	72	$	-	$	-	$	72
Debt securities:
U.S. government agencies		-		49,051		-		49,051
Municipals		-		8,856		-		8,856
Corporate Bonds		-		1,881		-		1,881
Government sponsored mortgage-backed securities		-		38,518		-		38,518
Available-for-sale securities	$	72	$	98,306	$	-	$	98,378

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
12/31/2011
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:
September 30, 2012	$	-	$	-	$	16,172	$	16,172
December 31, 2011	$	-	$	-	$	11,243	$	11,243

	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Foreclosed assets held for sale:
September 30, 2012	$	-	$	-	$	4,923	$	4,923
December 31, 2011	$	-	$	-	$	3,626	$	3,626

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

	Fair Value September 30, 2012		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	14,468	Market Comparable	Discount to reflect realizable value	0%	-	45%	(2%)
Impaired loans	$	1,704	Discounted cash flow	Discount rate		0%		(0%)
Foreclosed assets held for sale	$	4,923	Market Comparable	Discount to reflect realizable value	0%	-	44%	(13%)

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

	September 30, 2012
					Fair Value Measurement Using
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	38,641,763	$	38,641,763	$	38,641,763	$	-	$	-
Held-to-maturity securities		189,278		202,799		-		202,799		-
Federal Home Loan Bank stock		3,805,500		3,805,500		-		3,805,500		-
Mortgage loans held for sale		4,366,040		4,366,040		-		4,366,040		-
Loans, net		461,900,086		469,879,406		-		-		469,879,406
Interest receivable		2,068,467		2,068,467		-		2,068,467		-
Financial liabilities:
Deposits		493,377,320		494,667,557		-		494,667,557		-
Federal Home Loan Bank advances		68,050,000		72,123,139		-		72,123,139		-
Securities sold under agreements to repurchase		25,000,000		25,117,215		-		25,117,215		-
Subordinated debentures		15,465,000		15,465,000		-		-		15,465,000
Interest payable		417,952		417,952		-		417,952		-
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		-		-		-		-		-