Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Reconciliation of assets and revenues from segment to consolidated

Information about reportable segments, and reconciliation of such information to the consolidated financial statements as of and for the three and six months ended June 30, 2013 and 2012 follows:

	Three Months Ended June 30, 2013
	Bank		Trust		Unconsolidated Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	7,466,917	$	9,933	$	1,095,279		$	(1,095,582	)	$	7,476,547
Income from fiduciary activities		0		865,689		0			0			865,689
Other income		2,299,848		133,972		50,100			(65,376	)		2,418,544
Total operating income		9,766,765		1,009,594		1,145,379			(1,160,958	)		10,760,780
Expenses
Interest expense		1,177,919		0		0			(303	)		1,177,616
Provision for loan losses		300,000		0		0			0			300,000
Salaries and employee benefits		4,144,898		552,616		108,070			0			4,805,584
Other expenses		3,018,514		226,099		63,954			(65,376	)		3,243,191
Total operating expenses		8,641,331		778,715		172,024			(65,679	)		9,526,391
Income before taxes		1,125,434		230,879		973,355			(1,095,279	)		1,234,389
Income tax expense (benefit)		182,701		78,333		(41,460	)		0			219,574
Net income	$	942,733	$	152,546	$	1,014,815		$	(1,095,279	)	$	1,014,815
Total assets	$	862,066,454	$	5,502,315	$	82,499,916		$	(83,187,334	)	$	866,881,351

	Three Months Ended June 30, 2012
	Bank		Trust		Unconsolidated Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	8,301,983	$	9,368	$	668,104		$	(667,837	)	$	8,311,618
Income from fiduciary activities		0		793,005		0			0			793,005
Other income		2,943,305		160,014		165,000			(180,476	)		3,087,843
Total operating income		11,245,288		962,387		833,104			(848,313	)		12,192,466
Expenses
Interest expense		1,498,747		0		1,567			(1,908	)		1,498,406
Provision for loan losses		1,000,000		0		0			0			1,000,000
Salaries and employee benefits		4,524,216		563,640		132,029			0			5,219,885
Other expenses		3,602,522		239,708		65,011			(180,476	)		3,726,765
Total operating expenses		10,625,485		803,348		198,607			(182,384	)		11,445,056
Income before taxes		619,803		159,039		634,497			(665,929	)		747,410
Income tax expense (benefit)		59,007		53,906		(3,710	)		0			109,203
Net income	$	560,796	$	105,133	$	638,207		$	(665,929	)	$	638,207
Total assets	$	868,035,982	$	5,229,142	$	87,516,934		$	(88,463,223	)	$	872,318,835

	Six Months Ended June 30, 2013
	Bank		Trust		Unconsolidated Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	15,086,945	$	19,210	$	2,056,841		$	(2,057,533	)	$	15,105,463
Income from fiduciary activities		0		1,765,494		0			0			1,765,494
Other income		4,417,970		244,740		100,200			(130,902	)		4,632,008
Total operating income		19,504,915		2,029,444		2,157,041			(2,188,435	)		21,502,965
Expenses
Interest expense		2,432,827		0		0			(692	)		2,432,135
Provision for loan losses		500,000		0		0			0			500,000
Salaries and employee benefits		8,438,820		1,068,666		219,024			0			9,726,510
Other expenses		6,140,976		443,618		94,375			(130,902	)		6,548,067
Total operating expenses		17,512,623		1,512,284		313,399			(131,594	)		19,206,712
Income before taxes		1,992,292		517,160		1,843,642			(2,056,841	)		2,296,253
Income tax expense (benefit)		277,109		175,502		(72,490	)		0			380,121
Net income	$	1,715,183	$	341,658	$	1,916,132		$	(2,056,841	)	$	1,916,132
Total assets	$	862,066,454	$	5,502,315	$	82,499,916		$	(83,187,334	)	$	866,881,351

	Six Months Ended June 30, 2012
	Bank		Trust		Unconsolidated Parent		Eliminations			Consolidated
Revenues
Interest and dividend income	$	16,714,277	$	18,952	$	1,760,508	$	(1,759,927	)	$	16,733,810
Income from fiduciary activities		0		1,619,651		0		0			1,619,651
Other income		5,295,982		264,352		330,000		(361,252	)		5,529,082
Total operating income		22,010,259		1,902,955		2,090,508		(2,121,179	)		23,882,543
Expenses
Interest expense		3,009,967		0		3,134		(3,769	)		3,009,332
Provision for loan losses		1,200,000		0		0		0			1,200,000
Salaries and employee benefits		8,812,752		1,100,653		266,757		0			10,180,162
Other expenses		7,088,935		485,024		103,219		(361,252	)		7,315,926
Total operating expenses		20,111,654		1,585,677		373,110		(365,021	)		21,705,420
Income before taxes		1,898,605		317,278		1,717,398		(1,756,158	)		2,177,123
Income tax expense (benefit)		352,186		107,539		890		0			460,615
Net income	$	1,546,419	$	209,739	$	1,716,508	$	(1,756,158	)	$	1,716,508
Total assets	$	868,035,982	$	5,229,142	$	87,516,934	$	(88,463,223	)	$	872,318,835