XML 93 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans $ 12,219,130 $ 11,455,071 $ 10,408,472
Interest on debt securities: Taxable 998,238 1,151,447 1,922,523
Interest on debt securities: Tax-exempt 1,110,237 1,015,261 721,358
Dividends 38,645 32,807 14,632
Interest on deposits in other banks 65,910 60,037 35,277
Interest on certificates of deposit in other banks 42,703 19,578 1,858
Total interest income 14,474,863 13,734,201 13,104,120
Interest expense:      
Deposits 882,085 1,111,430 1,369,745
Federal funds purchased 15 4 1,810
Other short-term borrowings 295,034 53,765 41,677
Long-term debt 485,823 733,339 781,581
Total interest expense 1,662,957 1,898,538 2,194,813
Net interest income 12,811,906 11,835,663 10,909,307
Provision for loan losses 420,000 445,000 983,667
Net interest income after provision for loan losses 12,391,906 11,390,663 9,925,640
Noninterest income:      
Service charges on deposit accounts 1,278,221 1,241,756 1,359,866
Income from trust services 227,622 205,047 214,016
Income from brokerage services 338,323 381,916 324,018
Income from insurance services 1,328,532 1,280,474 1,273,320
Income from mortgage banking services 939,874 1,675,936 1,477,166
Provision for foreclosed asset losses 0 (320,000) (300,000)
Net gain (loss) on sale or disposition of assets (68,088) 23,972 (160,182)
Net gain on sale of securities 311,800 337,804 381,312
Net loss on the impairment of equity securities 0 0 (12,265)
Other income 734,887 697,929 601,510
Total noninterest income 5,091,171 5,524,834 5,158,761
Noninterest expense:      
Salaries and employee benefits 8,455,375 8,717,337 7,716,684
Occupancy expense 1,025,293 1,006,426 952,668
Equipment expense 902,312 939,933 811,701
Data processing expense 1,096,790 1,081,840 1,039,252
Amortization of intangible assets 215,700 219,482 219,357
Other operating expenses 2,650,599 2,630,514 2,596,398
Total noninterest expenses 14,346,069 14,595,532 13,336,060
Income before income taxes 3,137,008 2,319,965 1,748,341
Provision for income taxes 364,664 380,878 287,203
Net income $ 2,772,344 $ 1,939,087 $ 1,461,138
Basic earnings per share:      
Net income $ 1.09 $ 0.76 $ 0.57
Weighted average shares outstanding 2,547,837 2,547,837 2,547,837
Diluted earnings per share:      
Net income $ 1.09 $ 0.76 $ 0.57
Weighted average shares outstanding 2,547,837 2,547,837 2,547,865