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Securities Available for Sale (Tables)
9 Months Ended
Sep. 30, 2012
Securities Available For Sale  
Summary of temporarily impaired securities

 
                         
   
Less Than 12 Months
   
12 Months or Longer
 
   
Fair
   
Unrealized
   
Fair
   
Unrealized
 
   
Value
   
Loss
   
Value
   
Loss
 
                         
Preferred Stock
  $ -0-     $ -0-     $ -0-     $ -0-  
Common Stock
    4,096,000       (1,239,736 )     2,435,815       (397,786 )
     Total
  $ 4,096,000     $ (1,239,736 )   $ 2,435,815     $ (397,786 )
 
 
 
Summary of the range of the losses

 
               
Number of
Individual Securities
 
Fair Value
   
Unrealized Loss
 
 
Range of Loss
               
1
  $ 1,064,000     $ (39,392 )
Less than or equal to 10%
1
    2,435,815       (397,786 )
Less than or equal to 20%
2
    3,032,000       (1,200,344 )
Less than or equal to 30%
4
  $ 6,531,815     $ (1,637,522 )