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Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 28,707,458 $ 52,942,095
Federal funds sold 43,524,051 55,121,113
Cash and cash equivalents 72,231,509 108,063,208
Held to maturity securities, fair value of $398,868,076 and $363,252,684 as of March 31, 2012 and December 31 2011, respectively 397,358,546 360,566,062
Loans, less allowance for loan losses of $11,849,317 and $11,012,088 as of March 31, 2012 and December 31, 2011, respectively 686,375,316 696,785,798
Premises and equipment – net 18,889,594 19,146,870
Cash surrender value of life insurance 12,610,554 12,491,722
Mortgage servicing rights – net 1,587,287 1,598,802
Core deposit intangible 927,582 1,005,135
Other real estate owned 6,897,855 7,350,678
Accrued interest receivable and other assets 8,247,827 8,134,624
Total Assets 1,205,126,070 1,215,142,899
Deposits    
Demand 167,459,471 176,767,314
Savings and NOW 679,921,022 714,052,479
Other time 186,800,432 179,660,109
Total Deposits 1,034,180,925 1,070,479,902
Payable for investments purchased 43,416,476 17,165,797
Other liabilities 2,978,371 5,516,471
Total Liabilities 1,080,575,772 1,093,162,170
STOCKHOLDERS’ EQUITY    
Common stock, $1 par value, 15,000,000 shares authorized, 8,904,915 shares issued and outstanding of March 31, 2012 and December 31, 2011 8,904,915 8,904,915
Additional paid-in capital 26,543,470 26,543,470
Retained earnings 89,101,913 86,532,344
Total Stockholders’ Equity 124,550,298 121,980,729
Total Liabilities and Stockholders’ Equity $ 1,205,126,070 $ 1,215,142,899