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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME (USD $)
Common Stock
Additional Paid In Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Total
Balance, beginning at Dec. 31, 2008    $ 23,229,045 $ 4,375,166 $ (1,692,964) $ 896,817 $ 26,808,064
Net income       1,869,854       1,869,854
Net unrealized gain (loss) on securities (net of tax effect)             (3,105) (3,105)
Reclassification adjustment for gains included in income (net of tax effect)             (113,447) (113,447)
Total comprehensive income                1,753,302
Exercise of stock options    235,315          235,315
Stock-based compensation expense    47,200          47,200
Cash dividends (per common share)       (1,276,684)       (1,276,684)
Balance, ending at Dec. 31, 2009    23,511,560 4,968,336 (1,692,964) 780,265 27,567,197
Net income       3,110,513       3,110,513
Net unrealized gain (loss) on securities (net of tax effect)             (529,810) (529,810)
Total comprehensive income                2,580,703
Exercise of stock options    210,811          210,811
Stock-based compensation expense    50,721          50,721
Cash dividends (per common share)       (1,688,084)       (1,688,084)
Issuance of 10% stock dividend    4,429,847 (4,222,838) (209,475)    (2,466)
Balance, ending at Dec. 31, 2010    28,202,939 2,167,927 (1,902,439) 250,455 28,718,882
Net income       3,189,318       3,189,318
Net unrealized gain (loss) on securities (net of tax effect)             1,841,789 1,841,789
Reclassification adjustment for gains included in income (net of tax effect)             (78,543) (78,543)
Total comprehensive income                4,952,564
Exercise of stock options    123,403          123,403
Stock-based compensation expense    64,587          64,587
Cash dividends (per common share)       (1,865,567)       (1,865,567)
Balance, ending at Dec. 31, 2011    $ 28,390,929 $ 3,491,678 $ (1,902,439) $ 2,013,701 $ 31,993,869