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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans $ 25,711,146 $ 26,848,854 $ 26,472,658
Interest and dividends on securities available for sale:      
Taxable interest income 992,725 1,133,531 1,278,251
Interest income exempt from federal income taxes 236,302 228,598 238,025
Dividends 68,610 46,176 65,298
Interest on federal funds sold 24 21 201
Interest on deposits in other banks 140,156 73,293 19,573
Total interest income 27,148,963 28,330,473 28,074,006
Interest Expense      
Interest on deposits 3,885,042 5,035,625 5,598,144
Interest on federal funds purchased 37 1,330 41,341
Interest on Federal Home Loan Bank advances 990,551 969,815 1,050,444
Distribution on capital securities of subsidiary trusts 198,859 117,316 109,051
Total interest expense 5,074,489 6,124,086 6,798,980
Net interest income 22,074,474 22,206,387 21,275,026
Provision for loan losses 1,933,336 2,075,000 1,710,000
Net interest income after provision for loan losses 20,141,138 20,131,387 19,565,026
Other Income      
Trust and estate income 1,243,383 1,059,573 898,927
Brokerage income 391,764 393,826 214,381
Service charges on deposit accounts 3,086,726 2,799,489 2,710,499
Other service charges, commissions and income 1,639,461 1,434,675 1,464,750
Total other-than-temporary impairment losses on securities (228,306) (1,370,032) (1,225,641)
Less: Portion of gain/(loss) recognized in other comprehensive income before taxes (39,179) 33,521 (454,007)
Net other-than-temporary impairment losses on securities (189,127) (1,403,553) (771,634)
Gain on sale of securities 102,471 541,109 0
Total other income 6,274,678 4,825,119 4,516,923
Other Expenses      
Salaries and benefits 10,545,581 10,541,346 9,871,987
Occupancy expense of premises 1,864,145 1,814,909 1,444,687
Furniture and equipment 1,152,160 1,251,277 1,099,171
Marketing expense 662,114 675,227 707,160
Legal, audit and consulting expense 1,078,880 1,028,635 1,287,152
Data processing expense 1,174,101 1,040,233 1,050,859
Federal Deposit Insurance Corporation expense 605,487 733,989 865,861
Loss on sale or impairment and expense of other real estate owned 1,109,555 198,245 156,094
Other operating expenses 2,671,023 2,912,415 3,025,559
Total other expenses 20,863,046 20,196,276 19,508,530
Income before income taxes 5,552,770 4,760,230 4,573,419
Income tax expense 1,435,355 1,092,914 1,155,941
Net Income $ 4,117,415 $ 3,667,316 $ 3,417,478
Earnings per Share , basic (in dollars per share) $ 1.12 $ 1.01 $ 0.95
Earnings per Share , assuming dilution (in dollars per share) $ 1.12 $ 1.01 $ 0.95
Dividends per Share (in dollars per share) $ 0.48 $ 0.72 $ 0.80