FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below for the years ending December 31, 2012 and 2011:

			Fair Value Measurements Using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
December 31, 2012	Total		(Level 1)		(Level 2)		(Level 3)
Available for sale securities:
US Treasury	$	4,094,532	$	4,094,532	$	0	$	0
US Government and federal agency		20,259,743		0		20,259,743		0
Municipals		2,333,741		0		2,333,741		0
Mortgage-backed and collateralized mortgage obligations– residential		14,772,380		0		14,772,380		0
Total	$	41,460,396	$	4,094,532	$	37,365,864	$	0
Servicing assets	$	41,650	$	0	$	41,650	$	0
December 31, 2011
Available for sale securities:
US Treasury	$	4,067,656	$	4,067,656	$	0	$	0
US Government and federal agency		15,572,588		0		15,572,588		0
Municipals		2,891,420		0		2,891,420		0
Mortgage-backed and collateralized mortgage obligations– residential		12,040,439		0		12,040,439		0
Total	$	34,572,103	$	4,067,656	$	30,504,447	$	0
Servicing assets	$	76,276	$	0	$	76,276	$	0

Fair Value Measurements, Nonrecurring [Table Text Block]

Assets measured at fair value on a non-recurring basis are summarized below.  Impaired loans and foreclosed assets are included if the fair value of such assets was revised during the quarterly period then ended.

			Significant
			Unobservable Inputs
	Total		(Level 3)
December 31, 2012
Impaired loans:
Commercial	$	84,755	$	84,755
Commercial Real Estate:
General		786,282		786,282
Residential		140,269		140,269
Total	$	1,011,306	$	1,011,306
Foreclosed assets:
Commercial Real Estate:
General	$	141,596	$	141,596
Construction		380,142		380,142
Total	$	521,738	$	521,738

			Significant
			Unobservable Inputs
	Total		(Level 3)
December 31, 2011
Impaired loans:
Commercial Real Estate:
General	$	3,871,595	$	3,871,595
Construction		160,276		160,276
Consumer:
Lines of credit		39		39
Residential		198,244		198,244
Total	$	4,230,154	$	4,230,154
Foreclosed assets:
Commercial Real Estate:
General	$	570,069	$	570,069
Construction		6,160		6,160
Residential		204,668		204,668
Total	$	780,897	$	780,897

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

The following table presents information as of December 31, 2012 about significant unobservable inputs related to the Bank’s individually material1 Level 3 financial assets, by class, measured on a non-recurring basis:

			Valuation	Significant Unobservable	Range			Weighted
	Fair Value		Technique (s)	Inputs	of Inputs			Average
December 31, 2012
Impaired loans:				Adjustments for differences between
Commercial Real Estate:			Sales comparison approach	the comparable sales		0	%		0	%
General	$	698,475	Income approach	Capitalization rate		10	%		10	%
Total	$	698,475
Foreclosed assets:
Commercial Real Estate:				Adjustments for differences between
Construction	$	269,100	Sales comparison approach	the comparable sales		(45.0 ) - 0	%		(4.5 )	%
Total	$	269,100

_______________ 

1 For purposes of this disclosure, only material Level 3 assets are disclosed.  These assets are included in the total non-recurring Level 3 financial assets reported on page 78.

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

The carrying amounts and estimated fair values of financial instruments not previously presented above were as follows at year-end:

			Fair Value Measurements								December 31,
			at December 31, 2012 Using								2011
	Carrying										Carrying		Fair
	Amount		Level 1		Level 2		Level 3		Total		Amount		Value
	(in thousands)
Financial assets
Cash and cash equivalents	$	20,297	$	20,297	$	0	$	0	$	20,297	$	8,920	$	8,920
Loans held for sale		6,041		0		6,183		0		6,183		5,535		5,940
Loans, net (including impaired)		122,447		0		0		116,004		116,004		144,359		139,176
FHLB stock		451		N/A		N/A		N/A		N/A		451		N/A
Accrued interest receivable		592		12		163		417		592		746		746
Financial liabilities
Deposits		184,176		88,959		94,185		0		183,144		191,545		193,775
Federal funds purchased and repurchase agreements		10,190		0		10,190		0		10,190		7,815		7,815
Subordinated debentures		4,500		0		0		1,125		1,125		4,500		1,125
Notes payable		5,000		0		0		500		500		5,000		2,500
Accrued interest payable		1,156		4		64		81		149		738		130