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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 1,461,138 $ 1,856,216 $ 1,812,596
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 983,667 600,000 535,709
Provision for foreclosed asset losses 300,000 275,000 0
Depreciation 829,868 782,739 719,527
Net amortization and (accretion) of investment securities 375,206 307,134 (26,809)
Income on cash surrender value of bank owned life insurance (164,069) (128,128) (69,195)
Amortization of intangibles 219,357 207,638 207,638
Loss on sale/writedown of foreclosed assets 166,605 121,021 (349)
Net loss on the impairment of equity securities 12,265 0 0
Net gain on sale of securities (381,312) (534,973) (255,324)
Net gain on disposal of other assets (2,820) (95,874) 0
Change in:      
Funds held related to mortgage banking activities 14,197 (184,678) 796,800
Other assets 668,061 794,322 (749,812)
Other liabilities 125,464 1,851 61,630
Net cash provided by operating activities 4,607,627 4,002,268 3,032,411
Cash flows from investing activities:      
Proceeds from calls, paydowns and maturities of securities HTM 15,831,690 10,230,355 5,000,000
Proceeds from calls, paydowns and maturities of securities AFS 11,641,799 9,261,755 30,502,563
Proceeds from sale of securities available for sale 24,846,529 17,856,535 9,849,289
Purchase of securities held to maturity (22,193,213) (32,538,827) (17,100,452)
Purchase of securities available for sale (9,234,434) (19,898,202) (18,894,586)
Purchase of certificates of deposit in other banks (980,000) 0 0
Net change in loans (24,968,385) 1,456,440 (13,733,137)
Purchase bank owned life insurance (1,400,002) 0 0
Expenditures for improvements to other real estate owned (42,401) (119,120) (1,427,679)
Purchase of premises and equipment (1,553,137) (2,243,328) (2,713,333)
Proceeds from sales of other assets 1,298,642 921,078 0
Net cash provided for investing activities (6,752,912) (15,073,314) (8,517,335)
Cash flows from financing activities:      
Net change in deposits 9,379,840 4,100,048 20,890,006
Increase (decrease) in federal funds purchased 0 0 (430,000)
Payment of short-term debt (2,000,000) 0 (5,000,000)
Proceeds from issuance of long-term debt 0 0 6,000,000
Cash dividends paid (254,784) (254,784) (178,349)
Net cash provided for financing activities 7,125,056 3,845,264 21,281,657
Increase(decrease) in cash and cash equivalents 4,979,771 (7,225,782) 15,796,733
Cash and cash equivalents - beginning of period 16,070,635 23,296,417 7,499,684
Cash and cash equivalents - end of period 21,050,406 16,070,635 23,296,417
Cash paid during the year for:      
Income taxes 0 572,710 0
Interest paid 2,274,698 2,992,228 3,746,676
NONCASH ITEMS:      
Increase in foreclosed properties and decrease in loans 760,420 662,941 2,193,311
Unrealized gain(loss) on securities AFS 813,321 (306,275) (35,212)
Unrealized gain(loss) on pension plan benefits 48,708 (232,844) 642,621
Net reclass between short and long-term debt $ 0 $ (3,000,000) $ 5,000,000