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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 3,058,090 $ 3,034,357 $ 6,007,470 $ 5,952,508
Interest on taxable securities available for sale 285,220 155,347 495,541 299,958
Interest on taxable securities held to maturity 84,624 98,119 173,532 203,633
Interest on tax exempt securities 262,949 281,658 526,180 559,389
Dividends 13,524 8,043 24,917 16,322
Interest on deposits in other banks 12,611 13,551 33,837 36,823
Interest on certificates of deposit in other banks 9,370 10,776 18,637 21,427
Total interest income 3,726,388 3,601,851 7,280,114 7,090,060
Interest expense:        
Interest on deposits 192,359 215,226 387,845 460,233
Interest on federal funds purchased 1 10 3 12
Interest on other short-term borrowings 37,717 80,217 140,413 93,976
Interest on long-term debt 104,186 109,129 207,227 282,635
Total interest expense 334,263 404,582 735,488 836,856
Net interest income 3,392,125 3,197,269 6,544,626 6,253,204
Provision for loan losses 75,000 105,000 180,000 210,000
Net interest income after provision for loan losses 3,317,125 3,092,269 6,364,626 6,043,204
Noninterest income:        
Service charges on deposit accounts 331,356 286,432 655,653 586,183
Income from trust services 57,921 53,321 113,220 103,514
Income from retail brokerage services 98,512 90,618 190,705 166,686
Income from insurance services 347,034 312,268 707,662 671,341
Income from mortgage banking services 210,951 237,061 346,073 497,648
Net gain (loss) on sale or disposition of assets 20,446 (3,059) 20,446 (56,986)
Net gain on sale of securities 0 0 154,451 0
Other income 179,608 172,217 399,790 386,227
Total noninterest income 1,245,828 1,148,858 2,588,000 2,354,613
Noninterest expense:        
Salaries and employee benefits 2,070,614 2,074,531 4,139,181 4,177,171
Occupancy expense 257,251 253,082 509,523 506,497
Equipment expense 215,405 228,676 432,263 460,695
Data processing expense 284,025 271,627 557,503 548,553
Amortization of intangible assets 3,906 53,925 37,119 107,850
Other operating expenses 799,165 746,323 1,457,018 1,376,585
Total noninterest expenses 3,630,366 3,628,164 7,132,607 7,177,351
Income before income taxes 932,587 612,963 1,820,019 1,220,466
Provision for income taxes 195,739 39,091 382,085 80,788
Net income $ 736,848 $ 573,872 $ 1,437,934 $ 1,139,678
Earnings per share of common stock:        
Net income, basic $ 0.28 $ 0.23 $ 0.56 $ 0.45
Net income, diluted $ 0.28 $ 0.23 $ 0.56 $ 0.45
Dividends paid per share $ 0.08 $ 0.04 $ 0.16 $ 0.08
Weighted average shares outstanding 2,547,837 2,547,837 2,547,837 2,547,837
Diluted average shares outstanding 2,547,837 2,547,837 2,547,837 2,547,837