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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME    
Loans$ 11,339,907$ 14,279,531$ 35,072,748$ 43,750,805
Investment Securities:    
Taxable1,248,862708,1313,257,6543,083,938
Tax exempt360,440387,2251,032,3361,148,351
Federal funds sold6,53825,43620,74345,525
Other  9,6639,663
Total Interest Income12,955,74715,400,32339,393,14448,038,282
INTEREST EXPENSE    
Deposits1,086,1381,301,1083,581,7074,225,309
Other borrowings207 12,319844
Total Interest Expense1,086,3451,301,1083,594,0264,226,153
Net interest income before provision for loan losses11,869,40214,099,21535,799,11843,812,129
Provision for loan losses2,050,0001,400,0005,370,0004,130,000
Net interest income after provision for loan losses9,819,40212,699,21530,429,11839,682,129
NONINTEREST INCOME    
Service charges on deposits2,628,7952,619,6637,505,6027,679,966
Loan servicing income89,66664,681304,665298,684
Net gain on sale of loans281,631314,838605,593652,149
Increase in cash surrender value of life insurance119,031119,166351,150353,661
Non-accretable loan discount654,854306,0401,752,0491,653,619
Other income387,334315,026722,1671,439,510
Total Noninterest Income4,161,3113,739,41411,241,22612,077,589
NONINTEREST EXPENSE    
Salaries and employee benefits5,621,5045,431,69916,788,77116,287,048
Net occupancy costs992,0481,044,2603,088,6303,043,167
Furniture and equipment expenses423,701454,5491,222,4401,326,138
Computer services936,358934,1322,759,0912,626,717
Advertising and promotional312,434341,232873,7081,008,853
FDIC and other regulatory assessments299,666447,5651,017,3162,021,868
Office supplies183,572213,795569,132616,501
Acquisition expense 16,083 370,214
Core deposit intangible amortization104,555141,928313,664425,784
Other1,365,9961,457,0004,036,5783,873,661
Total Noninterest Expense10,239,83410,482,24330,669,33031,599,951
Income before income taxes3,740,8795,956,38611,001,01420,159,767
Less: Applicable income taxes1,296,5012,202,0003,618,2887,530,500
Net Income$ 2,444,378$ 3,754,386$ 7,382,726$ 12,629,267
Basic and fully diluted earnings per share (in Dollars per share)$ 0.28$ 0.42$ 0.83$ 1.42
Dividends per share (in Dollars per share) $ 0.30 $ 0.90
Weighted average shares outstanding (in Shares)8,904,9158,904,9158,904,9158,904,915