XML 31 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $)
Common Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Comprehensive Income [Member]
Total
Balance at Dec. 31, 2009$ 11,103,371$ 33,458,933$ (1,923,462) $ 42,638,842
Comprehensive income:     
Net income 2,796,834 2,796,8342,796,834
Other comprehensive income net of tax:     
Interest rate swap, net of tax  (171,078)(171,078) 
Add: Change in beneficial obligation for defined plan, net of tax  184,149184,149 
Unrealized holding gains (losses) on securities available for sale, net of tax  (22,137)(22,137) 
Less: gain on sale or call of securities available for sale, net of tax  (364,734)(364,734) 
Add: reclassification adjustments for other-than-temporary impairment, net of tax  645,209645,209 
Other comprehensive income net of tax   315,683315,683
Total comprehensive income   3,112,517 
Cash dividends (2,178,612)  (2,178,612)
Amortization of unearned compensation, restricted stock awards 281,848  281,848
Issuance of common stock - nonvested shares90,291(90,291)  0
Issuance of common stock - vested shares20,41469,459  89,873
Exercise of stock options63,270100,890  164,160
Balance at Sep. 30, 201011,277,34634,439,061(1,607,779) 44,108,628
Balance at Dec. 31, 201011,277,34634,892,905(2,064,688) 44,105,563
Comprehensive income:     
Net income 3,206,910 3,206,9103,206,910
Other comprehensive income net of tax:     
Interest rate swap, net of tax  (204,551)(204,551)(204,551)
Unrealized holding gains (losses) on securities available for sale, net of tax  787,560787,560787,560
Less: gain on sale or call of securities available for sale, net of tax  (18,738)(18,738)(18,738)
Add: reclassification adjustments for other-than-temporary impairment, net of tax  124,824124,824124,824
Other comprehensive income net of tax   689,095 
Total comprehensive income   3,896,005 
Cash dividends (1,321,113)  (1,321,113)
Amortization of unearned compensation, restricted stock awards 102,822  102,822
Issuance of common stock - nonvested shares34,161(34,161)  0
Issuance of common stock - vested shares14,87453,080  67,954
Exercise of stock options58,01191,558  149,569
Balance at Sep. 30, 2011$ 11,384,392$ 36,992,001$ (1,375,593) $ 47,000,800