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## NOTES TO FINANCIAL STATEMENTS 

## 5. ALLOWANCE FOR LOAN LOSSES  (Continued) 

The following table shows an aging analysis of the loan portfolio by the time past due at December 

31, 2010: 

<img src='content_image/192698.jpg'>

The following table shows information related to impaired loans at and for the year ended December 

<img src='content_image/192696.jpg'>

Interest forgone on nonaccrual loans totaled $106,809 and $128,248 for the years ended December 31, 2011 and 2010, respectively. There was no interest recognized on a cash-basis on impaired loans for the years ended December 31, 2011 or 2010. 

The following table shows information related to impaired loans at and for the year ended December 

<img src='content_image/192695.jpg'>

The recorded investment in impaired loans in the tables above excludes accrued interest receivable and net deferred loan origination costs due to immateriality. 

