Intangible Assets

12 Months Ended

Dec. 31, 2011

Intangible Assets [Abstract]

Intangible Assets

(8)  Intangible Assets

The following is an analysis of the core deposit intangible activity for the years ended December 31:

	Core Deposit Intangible		Accumulated Amortization			Net Core Deposit Intangible
Core Deposit Intangible
Balance, December 31, 2009	$	1,056,693	$	(725,937	)	$	330,756
Amortization Expense		-		(35,749	)		(35,749	)
Balance, December 31, 2010		1,056,693		(761,686	)	$	295,007
Amortization Expense		-		(35,749	)		(35,749	)
Balance, December 31, 2011	$	1,056,693	$	(797,435	)	$	259,258

Amortization expense related to the core deposit intangible was $35,749 for the years ended December 31, 2011, 2010 and 2009.  Amortizations expense will continue at an annual rate of approximately $35,750 through the first quarter of 2019, at which point the core deposit will be fully amortized.