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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Interest income    
Interest and fees on loans $ 21,203,038 $ 21,242,577
Interest on debt securities    
Taxable 533,018 357,437
Tax-exempt 992,413 996,387
Dividends 82,444 75,469
Interest on federal funds sold and overnight deposits 10,418 72,493
Total interest income 22,821,331 22,744,363
Interest expense    
Interest on deposits 3,408,441 4,064,057
Interest on federal funds purchased and other borrowed funds 355,377 415,647
Interest on repurchase agreements 144,244 141,667
Interest on junior subordinated debentures 974,257 974,257
Total interest expense 4,882,319 5,595,628
Net interest income 17,939,012 17,148,735
Provision for loan losses 1,000,000 1,000,000
Net interest income after provision for loan losses 16,939,012 16,148,735
Non-interest income    
Service fees 2,348,219 2,339,674
Income from sold loans 1,827,045 1,337,100
Other income from loans 899,849 722,554
Net realized gains on sale of securities available-for-sale 351,301 0
Other income 762,546 802,841
Total non-interest income 6,188,960 5,202,169
Non-interest expense    
Salaries and wages 6,178,891 5,841,453
Employee benefits 2,110,498 2,170,862
Occupancy expenses, net 3,295,752 3,068,071
FHLB prepayment fee 306,338 0
FDIC insurance 389,909 439,306
Amortization of core deposit intangible 340,870 426,086
Other expenses 6,244,512 5,587,304
Total non-interest expense 18,866,770 17,533,082
Income before income taxes 4,261,202 3,817,822
Income tax (benefit) expense (139,488) 234,276
Net income $ 4,400,690 $ 3,583,546
Earnings per common share $ 0.88 $ 0.73
Weighted average number of common shares used in computing earnings per share 4,769,645 4,674,806
Dividends declared per common share $ 0.56 $ 0.56
Book value per share on common shares outstanding at December 31 8.49 8.13