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Consolidated Statements of Income (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 2,949,380 $ 2,918,151
Interest on taxable securities available for sale 210,322 144,611
Interest on taxable securities held to maturity 88,909 105,513
Interest on tax exempt securities 263,230 277,732
Dividends 11,393 8,280
Interest on deposits in other banks 21,226 23,272
Interest on certificates of deposit in other banks 9,267 10,650
Total interest income 3,553,727 3,488,209
Interest expense:    
Interest on deposits 195,486 245,008
Interest on federal funds purchased 1 1
Interest on other short-term borrowings 102,697 13,759
Interest on long-term debt 103,041 173,506
Total interest expense 401,225 432,274
Net interest income 3,152,502 3,055,935
Provision for loan losses 105,000 105,000
Net interest income after provision for loan losses 3,047,502 2,950,935
Noninterest income:    
Service charges on deposit accounts 324,297 299,751
Income from trust services 55,299 50,193
Income from retail brokerage services 92,193 76,069
Income from insurance services 360,628 359,072
Income from mortgage banking services 135,122 260,587
Net gain (loss) on sale or disposition of assets 154,451 (53,927)
Other income 220,182 214,010
Total noninterest income 1,342,172 1,205,755
Noninterest expense:    
Salaries and employee benefits 2,068,567 2,102,639
Occupancy expense 252,272 253,415
Equipment expense 216,858 232,019
Data processing expense 273,478 276,926
Amortization of intangible assets 33,213 53,925
Other operating expenses 657,855 630,263
Total noninterest expenses 3,502,243 3,549,187
Income before income taxes 887,431 607,503
Provision for income taxes 186,346 41,697
Net income $ 701,085 $ 565,806
Earnings per share of common stock:    
Net income, basic $ 0.28 $ 0.22
Net income, diluted $ 0.28 $ 0.22
Dividends paid per share $ 0.08 $ 0.04
Weighted average shares outstanding 2,547,837 2,547,837