DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2012

DEPOSITS [Abstract]

Summary of deposits

A summary of deposits at December 31, 2012 and 2011 is as follows:

	2012		2011
Non-interest-bearing demand deposits	$	300,610,463	$	258,835,961
Interest-bearing demand deposits		90,729,870		74,348,490
Insured money market accounts		243,114,771		178,030,028
Savings deposits		173,588,856		210,287,906
Time deposits		236,690,054		276,990,454
	$	1,044,734,014	$	998,492,839

Scheduled maturities of time deposits

Scheduled maturities of time deposits at December 31, 2012, are summarized as follows:

Year
2013	$	157,500,406
2014		54,060,209
2015		13,873,147
2016		4,384,507
2017		6,767,361
2018 and thereafter		104,424
	$	236,690,054

Maturities of time deposits in denominations

Maturities of time deposits in denominations of $100,000 or more outstanding at December 31, 2012 are summarized as follows:

3 months or less	$	21,549,118
Over 3 through 6 months		16,383,196
Over 6 through 12 months		19,036,827
Over 12 months		30,736,370
	$	87,705,511