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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 2,780,804 $ 2,688,219 $ 5,482,244 $ 5,103,104
Interest on taxable securities available for sale 177,626 390,303 378,634 799,299
Interest on taxable securities held to maturity 142,273 177,294 294,059 344,799
Interest on tax exempt securities 247,426 159,206 486,008 315,561
Dividends 10,927 3,537 16,377 6,985
Interest on deposits in other banks 11,624 6,641 29,581 19,752
Interest on certificates of deposit in other banks 3,695 0 7,391 0
Total interest income 3,374,375 3,425,200 6,694,294 6,589,500
Interest expense:        
Interest on deposits 277,192 355,179 568,530 745,915
Interest on federal funds purchased 2 1,786 2 1,787
Interest on other short-term borrowings 11,089 9,387 22,178 17,129
Interest on long-term debt 189,308 200,465 378,616 398,728
Total interest expense 477,591 566,817 969,326 1,163,559
Net interest income 2,896,784 2,858,383 5,724,968 5,425,941
Provision for loan losses 105,000 150,000 210,000 300,000
Net interest income after provision for loan losses 2,791,784 2,708,383 5,514,968 5,125,941
Noninterest income:        
Service charges on deposit accounts 299,894 320,145 599,319 673,338
Income from trust services 50,786 55,137 101,563 110,634
Income from retail brokerage services 106,283 105,193 201,167 174,859
Income from insurance services 328,234 309,541 703,434 662,183
Income from mortgage banking services 450,313 470,061 1,017,504 772,777
Provision for foreclosed property losses (75,000) (75,000) (150,000) (150,000)
Net loss on sale or disposition of assets (40,900) (71,098) (96,481) (58,204)
Net gain on sale of securities 337,804 188,533 337,804 220,559
Net loss on the impairment of equity securities 0 (12,265) 0 (12,265)
Other income 163,460 148,833 375,906 337,116
Total noninterest income 1,620,874 1,439,080 3,090,216 2,735,997
Noninterest expense:        
Salaries and employee benefits 2,679,571 1,911,054 4,701,171 3,816,716
Occupancy expense 246,427 225,999 480,405 455,117
Equipment expense 221,899 181,123 444,532 361,719
Data processing expense 285,072 260,261 563,506 517,722
Amortization of intangible assets 55,816 55,816 111,632 107,725
Other operating expenses 614,559 724,780 1,274,123 1,345,420
Total noninterest expenses 4,103,344 3,359,033 7,575,369 6,604,419
Income before income taxes 309,314 788,430 1,029,815 1,257,519
Provision for income taxes 4,478 197,361 153,803 291,739
Net income $ 304,836 $ 591,069 $ 876,012 $ 965,780
Net income, basic $ 0.12 $ 0.23 $ 0.34 $ 0.38
Net income, diluted $ 0.12 $ 0.23 $ 0.34 $ 0.38
Dividends paid per share $ 0.04    $ 0.08 $ 0.10
Weighted average shares outstanding 2,547,837 2,547,837 2,547,837 2,547,837
Diluted average shares outstanding 2,547,837 2,547,839 2,547,837 2,547,894