CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and due from banks	$ 2,131,797	$ 2,778,924
Interest-bearing deposits with banks	305,576	305,405
Federal funds sold	4,982,000	11,413,000
Cash and cash equivalents	7,419,373	14,497,329
Investment securities:
Available-for-sale, at fair value	1,223,420	1,280,874
Held-to-maturity, at amortized cost (fair value of $17,096,544 and $17,738,368 at March 31, 2012 and December 31 2011, respectively)	16,615,631	17,209,295
Loans, net of unearned discount	41,469,081	41,502,204
Less allowance for loan losses	(864,117)	(867,019)
Net loans	40,604,964	40,635,186
Bank premises and equipment, net	941,033	988,170
Accrued interest receivable	325,540	342,029
Other real estate owned	1,344,042	1,284,390
Intangible assets	269,292	313,811
Prepaid expenses and other assets	536,625	465,838
Total assets	69,279,920	77,016,922
CURRENT LIABILITIES
Demand deposits, noninterest-bearing	14,173,913	14,373,040
Demand deposits, interest-bearing	16,107,663	16,886,633
Savings deposits	14,496,088	14,688,985
Time deposits, under $100,000	7,616,251	7,768,057
Time deposits, $100,000 and over	11,533,939	17,583,743
Total deposits	63,927,854	71,300,458
Accrued interest payable	48,101	58,361
Accrued expenses and other liabilities	280,499	397,187
Total liabilities	64,256,454	71,756,006
SHAREHOLDERS' EQUITY
Series A preferred stock, noncumulative, 6%, $0.01 par value, 500,000 shares authorized; 136,842 issued and outstanding	1,368	1,368
Common stock, $0.01 par value; 2,000,000 shares authorized; 876,921 issued and outstanding	8,769	8,769
Class B Non-voting common stock; 250,000 shares authorized; $0.01 par value; 191,667 issued and outstanding	1,917	1,917
Additional paid-in-capital	14,749,852	14,749,852
Accumulated deficit	(9,777,640)	(9,539,831)
Accumulated other comprehensive income	39,200	38,841
Total shareholders' equity	5,023,466	5,260,916
Total liabilities and shareholders' equity	$ 69,279,920	$ 77,016,922