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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 8,905,881 $ 9,792,800 $ 17,729,875 $ 19,901,754
Interest and dividends on investments and deposits 1,282,570 1,036,289 2,349,776 2,078,562
Total interest income 10,188,451 10,829,089 20,079,651 21,980,316
Interest expense:        
Interest on deposits 1,924,835 2,094,488 3,901,704 4,248,126
Interest on borrowings 1,553 81,071 28,967 220,167
Interest on junior subordinated notes 83,911 82,768 165,232 162,784
Total interest expense 2,010,299 2,258,327 4,095,903 4,631,077
Net interest income 8,178,152 8,570,762 15,983,748 17,349,239
Provision for credit losses 3,080,000 2,070,000 5,530,011 4,490,000
Net interest income after provision for credit losses 5,098,152 6,500,762 10,453,737 12,859,239
Non-interest income:        
Fees and service charges 1,581,922 1,795,404 3,068,624 3,425,920
Loan servicing fees 196,988 187,046 395,072 366,780
Gain (loss) on sale of other real estate, net 53,387 21,223 (28,708) 33,720
Gain on sale of mortgage loans 111,546 173,428 231,528 365,525
Gain on sale of mortgage-backed securities   455,399 52,146 935,481
Gain on sale of investment securities   2,406   2,406
Other income 553,868 195,717 761,000 394,963
Total non-interest income 2,497,711 2,830,623 4,479,662 5,524,795
Non-interest expense:        
Compensation and fringe benefits 3,941,577 4,115,034 7,731,256 7,806,236
Federal deposit insurance premiums 293,284 286,614 584,784 583,879
Premises and equipment 433,512 438,565 856,792 897,750
Advertising 38,280 33,851 85,384 65,414
Payroll and other taxes 352,520 340,096 754,148 716,710
Data processing 622,859 644,671 1,223,400 1,263,068
Amortization of intangible assets 145,578 107,475 292,781 224,960
Other real estate owned expense 265,334 72,967 484,851 165,276
Other 895,158 701,666 1,760,919 1,517,820
Total non-interest expense 6,988,102 6,740,939 13,774,315 13,241,113
Income before income tax expense 607,761 2,590,446 1,159,084 5,142,921
Income tax expense 225,671 1,032,084 450,211 2,034,862
Net income $ 382,090 $ 1,558,362 $ 708,873 $ 3,108,059
Basic earnings per share (in Dollars per share) $ 0.04 $ 0.16 $ 0.07 $ 0.32
Diluted earnings per share (in Dollars per share) $ 0.04 $ 0.16 $ 0.07 $ 0.32
Dividends per share (in Dollars per share) $ 0.00 $ 0.20 $ 0.00 $ 0.40
Average basic shares outstanding (in Shares) 9,751,271 9,743,971 9,751,271 9,743,244
Average diluted shares outstanding (in Shares) 9,751,271 9,744,679 9,751,271 9,743,598