CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2013		Dec. 31, 2012
Assets:
Cash and due from banks	$ 2,168,537		$ 2,363,166
Interest-bearing deposits with banks	306,260		306,033
Federal funds sold	5,886,000		7,567,000
Cash and cash equivalents	8,360,797		10,236,199
Investment securities:
Available-for-sale, at fair value	889,044		1,027,293
Held-to-maturity, at amortized cost (fair value of $11,461,715 and $12,485,687 at March 31, 2013 and December 31, 2012, respectively)	10,931,336		11,895,037
Loans, net of unearned discounts and deferred fees	40,978,079		41,501,555
Less allowance for loan losses	(937,125)		(1,203,942)
Net loans	40,040,954		40,297,613
Bank premises and equipment, net	564,317		562,729
Accrued interest receivable	291,306		309,971
Other real estate owned	717,869		775,407
Intangible assets	91,214		135,733
Prepaid expenses and other assets	425,780		375,524
Total assets	62,312,617		65,615,506
Liabilities:
Demand deposits, noninterest-bearing	14,661,300		14,324,970
Demand deposits, interest-bearing	12,679,860		15,526,344
Savings deposits	14,408,563		14,239,216
Time deposits, under $100,000	7,114,575		7,243,593
Time deposits, $100,000 and over	9,292,341		9,642,620
Total deposits	58,156,639		60,976,743
Accrued interest payable	31,541		30,500
Accrued expenses and other liabilities	229,380		368,278
Total liabilities	58,417,560		61,375,521
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	8,769		8,769
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	(10,894,865)		(10,556,078)
Accumulated other comprehensive income	28,016		34,157
Total shareholders' equity	3,895,057		4,239,985
Total liabilities and shareholders' equity	$ 62,312,617		$ 65,615,506

[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