CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jun. 30, 2013		Dec. 31, 2012
Assets:
Cash and due from banks	$ 2,538,365		$ 2,363,166
Interest-bearing deposits with banks	306,431		306,033
Federal funds sold	6,432,000		7,567,000
Cash and cash equivalents	9,276,796		10,236,199
Investment securities:
Available-for-sale, at fair value	9,370,323		1,027,293
Held-to-maturity, at amortized cost (fair value of $12,485,687 at December 31, 2012)			11,895,037
Loans, net of unearned discounts and deferred fees	41,853,357		41,501,555
Less allowance for loan losses	(778,556)		(1,203,942)
Net loans	41,074,801		40,297,613
Bank premises and equipment, net	653,731		562,729
Accrued interest receivable	277,108		309,971
Other real estate owned	526,537		775,407
Intangible assets	46,694		135,733
Prepaid expenses and other assets	372,899		375,524
Total assets	61,598,889		65,615,506
Liabilities:
Demand deposits, noninterest-bearing	15,214,822		14,324,970
Demand deposits, interest-bearing	13,002,758		15,526,344
Savings deposits	13,202,666		14,239,216
Time deposits, under $100,000	6,962,001		7,243,593
Time deposits, $100,000 and over	9,184,858		9,642,620
Total deposits	57,567,105		60,976,743
Accrued interest payable	15,574		30,500
Accrued expenses and other liabilities	241,261		368,278
Total liabilities	57,823,940		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	10,686		10,686
Accumulated other comprehensive (loss) income			34
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	(10,798,888)		(10,556,078)
Accumulated other comprehensive (loss) income	(188,069)		34,157
Total shareholders' equity	3,774,949		4,239,985
Total liabilities and shareholders' equity	$ 61,598,889		$ 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