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Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net cash provided by operating activities $ 1,322,675 $ 2,450,945
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and calls of securities available for sale 968,065 59,512,178
Purchases of investment securities available for sale   (24,039,375)
Purchases of bank premises and equipment (676,990) (46,453)
Increase in interest bearing deposits with other banks (100,548) (41,051,724)
Proceeds from sale of other real estate 47,434 527,780
Net decrease (increase) in loans 1,849,358 (2,333,341)
Net cash provided by (used by) investing activities 2,087,319 (7,430,935)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 32,434,926 16,542,965
Net change in securities sold under agreement to repurchase (17,949,056) (1,822,737)
Proceeds from exercising stock options   104,350
Increase in Federal Home Loan Bank advances 10,000,000  
Decrease in federal funds purchased (22,900,000)  
Payment of dividends (1,073,075) (1,071,095)
Net cash provided by financing activities 512,795 13,753,483
Net decrease in cash and due from banks 3,922,789 8,773,493
Cash and due from banks, beginning of period 16,040,195 21,561,288
Cash and due from banks, end of period $ 19,962,984 $ 30,334,781