XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
CASH AND CASH EQUIVALENTS    
Cash and due from banks $ 11,444,096us-gaap_CashAndDueFromBanks $ 13,698,325us-gaap_CashAndDueFromBanks
Interest-bearing deposits in other banks 20,910,484us-gaap_InterestBearingDepositsInBanks 8,709,133us-gaap_InterestBearingDepositsInBanks
Total cash and cash equivalents 32,354,580us-gaap_CashCashEquivalentsAndFederalFundsSold 22,407,458us-gaap_CashCashEquivalentsAndFederalFundsSold
SECURITIES, available-for-sale 206,461,063us-gaap_AvailableForSaleSecurities 197,079,925us-gaap_AvailableForSaleSecurities
FEDERAL HOME LOAN BANK STOCK, at cost 4,829,540us-gaap_FederalHomeLoanBankStock 4,893,800us-gaap_FederalHomeLoanBankStock
CERTIFICATES OF DEPOSIT, at cost 2,490,000us-gaap_OtherInvestments 2,739,000us-gaap_OtherInvestments
LOANS HELD FOR SALE 229,425us-gaap_LoansReceivableHeldForSaleNet 423,720us-gaap_LoansReceivableHeldForSaleNet
Loans 360,937,164us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 295,313,069us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
Less allowance for loan losses 3,839,508us-gaap_LoansAndLeasesReceivableAllowance 4,014,391us-gaap_LoansAndLeasesReceivableAllowance
Net loans 357,097,656us-gaap_LoansAndLeasesReceivableNetReportedAmount 291,298,678us-gaap_LoansAndLeasesReceivableNetReportedAmount
PREMISES AND EQUIPMENT, net 12,385,556us-gaap_PropertyPlantAndEquipmentNet 9,165,532us-gaap_PropertyPlantAndEquipmentNet
Goodwill 10,072,399us-gaap_Goodwill 8,554,979us-gaap_Goodwill
CORE DEPOSIT INTANGIBLE ASSETS, net 1,040,547us-gaap_IntangibleAssetsNetExcludingGoodwill 132,786us-gaap_IntangibleAssetsNetExcludingGoodwill
CASH SURRENDER VALUE OF LIFE INSURANCE 16,406,846us-gaap_CashSurrenderValueOfLifeInsurance 14,173,138us-gaap_CashSurrenderValueOfLifeInsurance
OTHER REAL ESTATE OWNED 535,999us-gaap_OtherRealEstateAndForeclosedAssets 667,954us-gaap_OtherRealEstateAndForeclosedAssets
OTHER ASSETS, including accrued interest receivable 6,296,050us-gaap_OtherAssets 4,697,774us-gaap_OtherAssets
Total Assets 650,199,661us-gaap_Assets 556,234,744us-gaap_Assets
Deposits:    
Non-interest bearing 92,499,725us-gaap_NoninterestBearingDepositLiabilities 86,752,995us-gaap_NoninterestBearingDepositLiabilities
Interest-bearing 472,945,234us-gaap_InterestBearingDepositLiabilities 381,247,070us-gaap_InterestBearingDepositLiabilities
Total deposits 565,444,959us-gaap_Deposits 468,000,065us-gaap_Deposits
Other borrowings   12,100,552us-gaap_OtherBorrowings
Junior subordinated deferrable interest debentures 12,738,549us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust 10,300,000us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
Other liabilities 4,243,876us-gaap_OtherLiabilities 2,826,262us-gaap_OtherLiabilities
Total liabilities 582,427,384us-gaap_Liabilities 493,226,879us-gaap_Liabilities
SHAREHOLDERS' EQUITY    
Common stock, stated value $1.00, authorized 10,000,000 shares; issued 3,760,557 shares 3,760,557us-gaap_CommonStockValue 3,760,557us-gaap_CommonStockValue
Surplus 14,665,845us-gaap_AdditionalPaidInCapital 14,663,861us-gaap_AdditionalPaidInCapital
Retained earnings 53,925,768us-gaap_RetainedEarningsAccumulatedDeficit 50,807,689us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated Other Comprehensive Income (Loss), Net of Tax 1,412,115us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (1,358,205)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock, at cost, 392,822 shares in 2014 and 318,506 shares in 2013 (5,992,008)us-gaap_TreasuryStockValue (4,866,037)us-gaap_TreasuryStockValue
Total shareholders' equity 67,772,277us-gaap_StockholdersEquity 63,007,865us-gaap_StockholdersEquity
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 650,199,661us-gaap_LiabilitiesAndStockholdersEquity $ 556,234,744us-gaap_LiabilitiesAndStockholdersEquity