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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Statement of Financial Position [Abstract]      
Cash and due from banks $ 9,519,193 $ 23,459,776 $ 47,758,305
Federal funds sold and overnight deposits 5,000 5,000 1,000
Total cash and cash equivalents 9,524,193 23,464,776 47,759,305
Securities held-to-maturity (fair value $50,631,000 at 09/30/12, $30,289,000 at 12/31/11 and $37,397,000 at 09/30/11) 50,065,653 29,702,159 36,898,097
Securities available-for-sale 47,008,818 66,098,917 31,533,275
Restricted equity securities, at cost 4,021,350 4,308,550 4,308,550
Loans held-for-sale 1,483,940 2,285,567 2,411,242
Loans 407,610,705 386,386,472 388,548,864
Allowance for loan losses (4,115,230) (3,886,502) (3,835,840)
Deferred net loan costs (fees) 101,742 7,251 (20,474)
Net loans 403,597,217 382,507,221 384,692,550
Bank premises and equipment, net 12,351,925 12,715,226 12,736,423
Accrued interest receivable 1,810,063 1,700,600 1,670,294
Bank owned life insurance 4,156,201 4,063,246 4,031,057
Core deposit intangible 1,448,694 1,704,346 1,810,867
Goodwill 11,574,269 11,574,269 11,574,269
Other real estate owned (OREO) 1,150,198 90,000 0
Prepaid expense - Federal Deposit Insurance Corporation (FDIC) 855,513 1,131,861 1,218,308
Other assets 12,613,921 11,558,779 10,077,689
Total assets 561,661,955 552,905,517 550,721,926
Demand, non-interest bearing 68,580,510 62,745,782 60,683,698
NOW 109,271,808 123,493,475 116,418,838
Money market funds 84,057,492 71,408,069 72,014,042
Savings 66,204,831 59,284,631 61,763,381
Time deposits, $100,000 and over 49,474,950 51,372,782 51,369,773
Other time deposits 79,511,981 86,088,570 88,913,603
Total deposits 457,101,572 454,393,309 451,163,335
Federal funds purchased and other borrowed funds 16,850,000 18,010,000 18,010,000
Repurchase agreements 28,076,308 21,645,446 24,090,954
Capital lease obligations 789,836 833,467 800,315
Junior subordinated debentures 12,887,000 12,887,000 12,887,000
Accrued interest and other liabilities 3,078,347 4,217,886 3,289,410
Total liabilities 518,783,063 511,987,108 510,241,014
Preferred stock, 1,000,000 shares authorized, 25 shares issued and outstanding ($100,000 liquidation value) 2,500,000 2,500,000 2,500,000
Common stock - $2.50 par value; 10,000,000 shares authorized, 5,007,099 shares issued at 09/30/12, 4,938,262 shares issued at 12/31/11 and 4,914,777 shares issued at 09/30/11 12,517,748 12,345,655 12,286,943
Additional paid-in capital 27,911,150 27,410,049 27,237,038
Retained earnings 2,268,901 1,151,751 910,428
Accumulated other comprehensive income 303,870 133,731 169,280
Less: treasury stock, at cost; 210,101 shares at 09/30/12, 12/31/11 and 09/30/11 (2,622,777) (2,622,777) (2,622,777)
Total shareholders' equity 42,878,892 40,918,409 40,480,912
Total liabilities and shareholders' equity $ 561,661,955 $ 552,905,517 $ 550,721,926