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Consolidated Statements Of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Loans $ 46,957,702 $ 56,721,563 $ 40,125,009
Investment securities      
Taxable 4,804,949 3,643,942 2,792,315
Tax exempt 1,386,998 1,482,349 1,412,812
Federal funds sold 27,818 61,469 21,806
Other 19,326 19,326 34,572
Total Interest Income 53,196,793 61,928,649 44,386,514
INTEREST EXPENSE      
Deposits 4,570,769 5,711,774 6,922,648
Other borrowings 12,589 844 30,818
Total Interest Expense 4,583,358 5,712,618 6,953,466
Net Interest Income before Provision for Loan Losses 48,613,435 56,216,031 37,433,048
Provision for loan losses 8,370,000 6,930,000 3,705,555
Net Interest Income after Provision for Loan Losses 40,243,435 49,286,031 33,727,493
NONINTEREST INCOME      
Service charges on deposits 9,986,812 10,180,904 9,921,208
Loan servicing income 317,687 349,842 (31,636)
Net gain on sale of loans 1,248,797 1,421,550 2,320,738
Increase in cash surrender value of life insurance 467,458 471,581 505,093
Bargain purchase gain     21,474,123
Non-accretable loan discount 2,247,167 2,268,873 661,633
Other income 522,242 1,783,786 1,220,350
Total Noninterest Income 14,790,163 16,476,536 36,071,509
NONINTEREST EXPENSES      
Salaries and employee benefits 22,037,202 22,738,774 17,670,068
Net occupancy costs 4,067,094 3,958,806 3,266,406
Furniture and equipment expenses 1,886,925 2,200,688 1,895,944
Computer services 3,678,813 3,504,256 3,226,850
Advertising and promotional 1,033,215 1,173,330 976,295
FDIC and other regulatory assessments 1,316,754 2,459,307 1,098,865
Office supplies 790,283 834,013 717,815
Acquisition expenses   370,214 619,902
Core deposit intangible amortization 418,219 567,713 111,934
Other expenses 5,596,287 5,271,424 4,502,469
Total Noninterest Expenses 40,824,792 43,078,525 34,086,548
Total Income before Taxes 14,208,806 22,684,042 35,712,454
Less: Income tax expense 4,692,601 8,374,000 13,635,000
NET INCOME $ 9,516,205 $ 14,310,042 $ 22,077,454
Basic earnings per share $ 1.07 $ 1.61 $ 2.48
Weighted average shares outstanding 8,904,915 8,904,915 8,904,915