CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012		Dec. 31, 2011
Assets:
Cash and due from banks	$ 2,363,166		$ 2,778,924
Interest-bearing deposits with banks	306,033		305,405
Federal funds sold	7,567,000		11,413,000
Cash and cash equivalents	10,236,199		14,497,329
Investment securities:
Available-for-sale, at fair value	1,027,293		1,280,874
Held-to-maturity, at amortized cost (fair value of $12,485,687 and $17,738,368 in 2012 and 2011, respectively)	11,895,037		17,209,295
Loans, net of unearned discounts and deferred fees	41,501,555		41,502,204
Less allowance for loan losses	(1,203,942)		(867,019)
Net loans	40,297,613		40,635,186
Bank premises and equipment, net	562,729		988,170
Accrued interest receivable	309,971		342,029
Other real estate owned	775,407		1,284,390
Intangible assets	135,733		313,811
Prepaid expenses and other assets	375,524		465,838
Total assets	65,615,506		77,016,922
Liabilities:
Demand deposits, noninterest-bearing	14,324,970		14,373,040
Demand deposits, interest-bearing	15,526,344		16,886,633
Savings deposits	14,239,216		14,688,985
Time deposits, under $100,000	7,243,593		7,768,057
Time deposits, $100,000 and over	9,642,620		17,583,743
Total deposits	60,976,743		71,300,458
Accrued interest payable	30,500		58,361
Accrued expenses and other liabilities	368,278		397,187
Total liabilities	61,375,521		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
Shareholders' equity:
Common Stock	8,769	[1]	8,769	[1]
Class B Non-voting common stock
Shareholders' equity:
Common Stock	1,917	[2]	1,917	[2]
Additional paid-in-capital	14,749,852		14,749,852
Accumulated deficit	(10,556,078)		(9,539,831)
Accumulated other comprehensive income	34,157		38,841
Total shareholders' equity	4,239,985		5,260,916
Total liabilities and shareholders' equity	$ 65,615,506		$ 77,016,922

[1] Common stock, $0.01 par value; 2,000,000 shares authorized; 876,921 issued and outstanding

[2] Class B Non-voting common stock; 250,000 shares authorized; $0.01 par value; 191,667 issued and outstanding