Other Real Estate Owned

12 Months Ended

Dec. 31, 2012

Other Real Estate Owned [Abstract]

Other Real Estate Owned

(7)  Other Real Estate Owned

The aggregate carrying amount of Other Real Estate Owned (OREO) at December 31, 2012, 2011 and 2010 was $15,940,693, $20,445,805 and $20,207,806, respectively.  All of the Company's other real estate owned represents properties acquired through foreclosure or deed in lieu of foreclosure.  The following table details the change in OREO during 2012, 2011 and 2010.

	December 31
	2012			2011			2010
Balance, Beginning of Year	$	20,445,085		$	20,207,806		$	19,705,044
Additions		9,729,174			12,555,622			13,159,402
Sales of OREO		(9,711,890	)		(9,804,669	)		(9,531,210	)
Loss on Sale		(1,818,967	)		(1,102,613	)		(1,832,256	)
Provision for Losses		(2,702,709	)		(1,411,061	)		(1,293,174	)
Balance, End of Year	$	15,940,693		$	20,445,085		$	20,207,806