CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)		Jun. 30, 2014		Dec. 31, 2013
Assets:
Cash and due from banks		$ 2,223,800		$ 2,340,002
Interest-bearing deposits with banks		309,759		306,776
Federal funds sold		3,276,000		3,143,000
Cash and cash equivalents		5,809,559		5,789,778
Investment securities
Investment securities available-for-sale, at fair value		9,666,704	[1]	9,579,979
Loans held for sale, at fair value				1,645,832
Loans, net of unearned discounts and deferred fees ($442,088 and $446,523 at fair value at June 30, 2014 and December 31, 2013, respectively)		43,099,359	[2]	42,710,625
Less allowance for loan losses		(657,291)		(839,133)
Net loans		42,442,068		41,871,492
Bank premises and equipment, net		587,509		649,159
Accrued interest receivable		258,767		256,262
Other real estate owned		420,035		433,087
Prepaid expenses and other assets		451,048		525,466
Total assets		59,635,690		60,751,055
Liabilities:
Demand deposits, noninterest-bearing		14,808,732		14,526,988
Demand deposits, interest-bearing		13,882,075		14,131,452
Savings deposits		12,394,078		12,988,388
Time deposits, under $100,000		6,718,708		6,683,499
Time deposits, $100,000 and over		8,424,119		8,779,518
Total deposits		56,227,712		57,109,845
Accrued interest payable		13,402		12,722
Accrued expenses and other liabilities		353,828		418,604
Total liabilities		56,594,942		57,541,171
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
Additional paid-in-capital		14,749,852		14,749,852
Accumulated deficit		(11,649,175)		(11,224,976)
Accumulated other comprehensive loss		(71,983)		(327,046)
Total shareholders' equity		3,040,748		3,209,884
Total liabilities and shareholders' equity		59,635,690		60,751,055
Common Stock
Shareholders' equity:
Common Stock	[3]	8,769		8,769
Class B Non-voting common stock
Shareholders' equity:
Common Stock	[4]	$ 1,917		$ 1,917

[1] Level 1 for money market funds; Level 2 for all other securities.

[2] Level 2 for non-impaired loans; Level 3 for impaired loans; Level 3 for $447,000 held at fair value.

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

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