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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Interest and fees on loans $ 10,408,472 $ 9,943,649 $ 9,523,822
Interest on debt securities: Taxable 1,922,523 2,412,444 3,299,150
Interest on debt securities: Tax-exempt 721,358 597,242 735,987
Dividends 14,632 5,404 4,564
Interest on deposits in other banks 35,277 57,805 32,949
Interest on certificates of deposit in other banks 1,858 0 0
Interest on other short-term investments 0 0 97
Total interest income 13,104,120 13,016,544 13,596,569
Interest expense:      
Deposits 1,369,745 2,053,646 2,884,601
Federal funds purchased 1,810 3 994
Other short-term borrowings 41,677 111,452 169,286
Long-term debt 781,581 724,012 617,302
Total interest expense 2,194,813 2,889,113 3,672,183
Net interest income 10,909,307 10,127,431 9,924,386
Provision for loan losses 983,667 600,000 535,709
Net interest income after provision for loan losses 9,925,640 9,527,431 9,388,677
Noninterest income:      
Service charges on deposit accounts 1,415,379 1,567,424 1,765,854
Income from trust services 214,016 241,583 212,445
Income from brokerage services 324,018 300,210 266,137
Income from insurance services 1,273,320 1,124,612 1,069,301
Income from mortgage banking services 1,477,166 1,350,625 1,327,193
Provision for foreclosed asset losses (300,000) (275,000) 0
Net gain (loss) on sale or disposition of assets (160,182) 30,852 349
Net gain on sale of securities 381,312 534,973 255,324
Net loss on the impairment of equity securities (12,265) 0 0
Other income 545,997 511,638 467,356
Total noninterest income 5,158,761 5,386,917 5,363,959
Noninterest expense:      
Salaries and employee benefits 7,716,684 6,970,460 6,359,949
Occupancy expense 952,668 891,291 846,383
Equipment expense 811,701 739,223 666,779
Data processing expense 1,039,252 989,413 925,814
Amortization of intangible assets 219,357 207,638 207,638
Other operating expenses 2,596,398 2,676,372 3,425,138
Total noninterest expenses 13,336,060 12,474,397 12,431,701
Income before income taxes 1,748,341 2,439,951 2,320,935
Provision for income taxes 287,203 583,735 508,339
Net income $ 1,461,138 $ 1,856,216 $ 1,812,596
Basic earnings per share:      
Net income $ 0.57 $ 0.73 $ 0.71
Weighted average shares outstanding 2,547,837 2,547,837 2,547,837
Diluted earnings per share:      
Net income $ 0.57 $ 0.73 $ 0.71
Weighted average shares outstanding 2,547,865 2,547,894 2,547,837