Consolidated Balance Sheets (unaudited) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 23,299,860	$ 22,135,410
Federal funds sold	35,580,082	30,541,229
Interest-bearing deposits	13,580,301	10,548,467
Investment securities available for sale	45,232,754	49,096,875
Investment securities held to maturity (approximate fair value of $66,055,779 and $60,866,303)	65,898,173	60,624,239
Loans, less allowance for loan losses of $763,308 and $672,261	236,057,048	227,534,139
Premises and equipment	6,099,524	6,124,349
Other real estate owned	1,659,260	1,715,138
Accrued interest receivable	1,305,170	1,173,678
Computer software	145,130	143,383
Bank owned life insurance	7,557,520	5,436,395
Prepaid Expenses	795,253	1,031,426
Other assets	204,326	123,436
Total assets	437,414,401	416,228,164
Deposits
Noninterest-bearing	94,624,037	83,136,325
Interest-bearing	259,215,770	252,920,179
Total deposits	353,839,807	336,056,504
Securities sold under agreements to repurchase	5,232,830	3,998,168
Accrued interest payable	72,772	90,079
Deferred income taxes	286,613	223,583
Other liabilities	33,847	136,371
Total Liabilities	359,465,869	340,504,705
Stockholders' equity
Common stock, par value $1 per share authorized 10,000,000 shares, issued and outstanding 2,991,543 shares at June 30, 2012, and 2,996,323 shares at December 31, 2011	2,991,543	2,996,323
Additional paid-in capital	8,531,670	8,640,433
Retained earnings	65,621,953	63,301,231
Total tier 1 capital	77,145,166	74,937,987
Accumulated other comprehensive income	803,366	785,472
Total stockholders' equity	77,948,532	75,723,459
Total liabilities and stockholders' equity	$ 437,414,401	$ 416,228,164