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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income $ 4,117,415 $ 3,667,316 $ 3,417,478
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,163,452 1,234,425 808,312
Disposal of obsolete assets fixed assets 44,708 140,067 0
Provision for loan losses 1,933,336 2,075,000 1,710,000
Loss on sale or impairment of other real estate 1,018,188 119,810 135,759
Deferred tax benefit (118,646) (854,412) (874,440)
Loss on impairment of securities 189,127 1,403,553 771,634
(Gain) on sale and call of securities (102,471) (541,109) 0
Tax benefit of nonqualified options exercised (33,083) (54,832) (10,162)
Amortization (accretion) of security premiums, net 84,420 71,748 (19,698)
Amortization of unearned compensation, net of forfeiture 136,593 246,789 208,666
Changes in assets and liabilities:      
Decrease(increase) in other assets 491,606 (47,042) (2,518,912)
Increase(decrease) in other liabilities 1,753,679 (313,656) 398,205
Net cash provided by operating activities 10,678,324 7,147,657 4,026,842
Cash Flows from Investing Activities      
Proceeds from sale of securities available for sale 6,599,281 10,487,508 0
Proceeds from maturities, calls and principal payments of securities available for sale 25,467,630 14,707,585 9,145,417
Purchase of securities available for sale (32,200,837) (36,817,758) (11,757,480)
Purchase of premises and equipment (1,838,399) (1,507,121) (6,212,840)
(Purchase of) proceeds from redemption of other bank stock 845,100 386,400 (719,900)
Net decrease (increase) in loans 4,967,307 (1,010,644) (29,815,529)
Proceeds from sale of other real estate owned 1,482,245 817,050 869,626
Net cash provided by (used in) investing activities 5,322,327 (12,936,980) (38,490,706)
Cash Flows from Financing Activities      
Net increase in demand deposits, NOW accounts and savings accounts 22,404,799 85,969,632 11,891,346
Net (decrease) increase in certificates of deposit (11,891,721) (31,900,019) 53,801,780
Federal Home Loan Bank advances 0 0 170,000,000
Federal Home Loan Bank principal repayments 0 (25,000,000) (165,000,000)
Repayment of federal funds 0 0 (18,275,000)
Cash dividends paid on common stock (1,761,484) (2,615,023) (2,877,259)
Issuance of common stock 225,481 308,865 108,202
Net cash provided by financing activities 8,977,075 26,763,455 49,649,069
Increase (decrease) in cash and cash equivalents 24,977,726 20,974,132 15,185,205
Cash and Cash Equivalents      
Beginning 47,182,499 26,208,367 11,023,162
Ending 72,160,225 47,182,499 26,208,367
Cash payments for:      
Interest 5,137,813 6,272,878 7,048,637
Income taxes 656,392 2,376,000 1,729,000
Supplemental Disclosures of Noncash Investing Activities      
Foreclosed assets acquired in settlement of loans 1,455,433 1,278,000 450,775
Unrealized gain (loss) on securities available for sale, net of tax effect 758,134 (556,131) 31,279
Unrealized gain (loss) on interest rate swap, net of tax effect (192,560) 12,326 0
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect $ 181,717 $ 402,579 $ 262,539