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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME    
Loans $ 10,816,918 $ 11,686,922
Investment Securities:    
Taxable 1,339,562 812,433
Tax exempt 353,070 331,874
Federal funds sold 10,736 12,000
Total Interest Income 12,520,286 12,843,229
INTEREST EXPENSE    
Deposits 909,769 1,327,599
Other borrowings   123
Total Interest Expense 909,769 1,327,722
Net interest income before provision for loan losses 11,610,517 11,515,507
Provision for loan losses 1,500,000 1,400,000
Net interest income after provision for loan losses 10,110,517 10,115,507
NONINTEREST INCOME    
Service charges on deposits 2,441,708 2,379,090
Loan servicing income 46,096 88,079
Net gain on sale of loans 429,714 235,263
Increase in cash surrender value of life insurance 118,832 114,533
Non-accretable loan discount 543,078 381,626
Other income 557,538 177,383
Total Noninterest Income 4,136,966 3,375,974
NONINTEREST EXPENSE    
Salaries and employee benefits 5,692,120 5,645,626
Net occupancy costs 1,015,002 1,117,398
Furniture and equipment expenses 393,298 401,252
Computer services 983,266 892,410
Advertising and promotional 240,000 255,055
FDIC and other regulatory assessments 314,685 393,954
Office supplies 221,771 189,322
Core deposit intangible amortization 77,553 104,555
Other 1,233,878 1,331,937
Total Noninterest Expense 10,171,573 10,331,509
Income before income taxes 4,075,910 3,159,972
Less: Applicable income taxes 1,506,345 874,286
Net Income $ 2,569,565 $ 2,285,686
Basic and fully diluted earnings per share (in Dollars per share) $ 0.29 $ 0.26
Weighted average shares outstanding (in Shares) 8,904,915 8,904,915