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Consolidated Statements of Cash Flows (unaudited) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Cash flows from operating activities      
Interest and dividends received $ 7,615,508 $ 8,404,824  
Fees and commissions received 745,124 1,085,005  
Interest paid (537,023) (811,695)  
Cash paid to suppliers and employees (3,861,841) (3,830,228)  
Income taxes paid (1,186,396) (1,651,955)  
Net cash from operating activities 2,775,372 3,195,951  
Cash flows from investing activities      
Certificates of deposit purchased, net of maturities (3,031,180) 1,990,820  
Proceeds from maturities of investments available for sale 32,100,000 28,075,000  
Purchase of investments available for sale (28,216,980) (15,082,996)  
Proceeds from maturities of investments held to maturity 22,895,000 7,315,000  
Purchase of investments held to maturity (28,222,158) (18,591,635)  
Loans made, net of principal reductions (8,820,409) (3,617,610)  
Proceeds from sale of other real estate and repossessed assets, net 55,985 0  
Purchases of premises, equipment, and computer software (236,094) (260,425)  
Proceeds from sale of real property and equipment 0 250  
Purchase of bank owned life insurance (2,000,000) 0  
Net cash from investing activities (15,475,836) (171,596)  
Net increase (decrease) in      
Time deposits (467,707) (6,520,844)  
Other deposits 18,251,009 12,850,730  
Securities sold under agreements to repurchase 1,234,662 535,491  
Common shares repurchased (113,543) 0  
Net cash from financing activities 18,904,421 6,865,377  
Net increase in cash and cash equivalents 6,203,957 9,889,732  
Cash and cash equivalents at beginning of period 52,689,223 50,531,537 50,531,537
Cash and cash equivalents at end of period 58,893,180 60,421,269 52,689,223
Reconciliation of net income to net cash provided by operating activities      
Net income 2,320,722 2,166,270  
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 297,500 948,900 1,127,300
Loss (gain) on sale of other real estate and repossessed assets (108) 0  
Loss on other than temporary impairment of investment value 0 178,325  
Premium amortization and discount accretion 61,082 128,723  
Depreciation and amortization 250,615 267,296  
Loss on disposition of investment securities 4,026    
Loss (gain) on disposition of fixed assets 8,557 (250)  
Decrease (increase) in      
Accrued interest receivable (131,492) (153,616)  
Cash surrender value of bank owned life insurance (121,124) (86,449)  
Other assets 90,821 349,542  
Increase (decrease) in      
Accrued interest payable (17,307) (34,129)  
Accrued and deferred income taxes 114,604 (460,705)  
Other liabilities (102,524) (107,956)  
Net cash from operating activities 2,775,372 3,195,951  
Composition of cash and cash equivalents      
Cash and due from banks 23,299,860 19,070,231 22,135,410
Federal funds sold 35,580,082 41,299,150 30,541,229
Interest-bearing deposits, except for time deposits 13,238 51,888  
Total cash and cash equivalents $ 58,893,180 $ 60,421,269 $ 52,689,223