Consolidated Balance Sheets (March 31, 2012 Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and due from financial institutions	$ 3,258,857	$ 2,426,142
Interest-bearing deposits in other financial institutions	26,457,803	6,493,426
Total cash and cash equivalents	29,716,660	8,919,568
Securities available for sale (at fair value)	37,546,785	34,572,103
Loans held for sale	6,122,922	5,534,983
Loans	135,379,161	149,658,931
Less: Allowance for loan losses	4,434,103	5,299,454
Net loans	130,945,058	144,359,477
Federal Home Loan Bank stock (at cost)	450,800	450,800
Premises and equipment, net	10,310,225	10,404,865
Accrued interest receivable	670,461	746,143
Foreclosed assets	3,092,645	3,276,838
Other assets	564,278	386,524
Total assets	219,419,834	208,651,301
Deposits
Non-interest-bearing	41,356,293	33,281,198
Interest-bearing	158,817,537	158,264,038
Total deposits	200,173,830	191,545,236
Federal funds purchased and repurchase agreements	10,071,867	7,814,745
Subordinated debentures	4,500,000	4,500,000
Notes payable	5,000,000	5,000,000
Accrued expenses and other liabilities	1,200,913	1,211,702
Total liabilities	220,946,610	210,071,683
Preferred Stock, no par value: 1,000,000 shares authorized and none issued	0	0
Common Stock, no par value: 9,000,000 shares authorized; 1,468,800 issued and outstanding	13,296,691	13,296,691
Retained deficit	(15,148,532)	(15,084,431)
Accumulated other comprehensive income	325,065	367,358
Total shareholders’ equity	(1,526,776)	(1,420,382)
Total liabilities and shareholders’ equity	$ 219,419,834	$ 208,651,301