| Deposits |
Note 6 – Deposits
Deposits as of September 30, 2012 and December 31, 2011 were as follows:
| | | September 30, 2012 | | | December 31, 2011 | | | | | Amount | | | % | | | Amount | | | % | | | | | | | | | | | | | | | Noninterest bearing demand | | $ | 58,469,352 | | | | 13 | % | | $ | 66,534,956 | | | | 14 | % | Interest checking accounts | | | 42,795,169 | | | | 10 | % | | | 40,237,146 | | | | 8 | % | Money market accounts | | | 63,309,886 | | | | 15 | % | | | 75,487,907 | | | | 16 | % | Savings accounts | | | 18,073,601 | | | | 4 | % | | | 15,166,012 | | | | 3 | % | Time deposits of $100,000 and over | | | 115,499,674 | | | | 27 | % | | | 129,436,270 | | | | 27 | % | Other time deposits | | | 136,994,455 | | | | 31 | % | | | 158,658,761 | | | | 32 | % | | | | | | | | | | | | | | | | | | | Total | | $ | 435,142,137 | | | | 100 | % | | $ | 485,521,052 | | | | 100 | % |
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