Note 3 - Loans

6 Months Ended

Jun. 30, 2011

Loans and Leases Receivable, Description

3.          LOANS

Outstanding loan balances by portfolio segment and class were as follows:

	June 30,			December 31,
	2011			2010
Commercial	$	57,561,342		$	58,416,643
Commercial Real Estate:
General		58,394,464			58,996,411
Construction		6,558,133			8,782,762
Consumer:
Lines of credit		15,202,238			15,954,866
Other		2,443,959			3,087,409
Credit card		500,197			520,095
Residential		18,888,858			19,534,704
		159,549,191			165,292,890
Less:  Allowance for loan losses		(4,935,634	)		(4,791,907	)
Net deferred loan fees		(34,188	)		(49,009	)
Loans, net	$	154,579,369		$	160,451,974

Loans held for sale totaled $3,064,558 at June 30, 2011 and $1,263,263 at December 31, 2010.