Consolidated Balance Sheets (unaudited) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 15,148,990	$ 9,523,279
Interest-bearing due from banks	20,018,999	13,977,625
Federal funds sold	789,814	1,353,752
Cash and cash equivalents	35,957,803	24,854,656
Securities available-for-sale, at fair value	295,795,059	236,598,688
Securities held-to-maturity (fair value approximates $620,607 and $1,525,624)	615,000	1,515,000
Restricted securities	3,109,800	3,451,000
Loans, net of allowance for loan losses of $7,670,969 and $8,497,731	468,818,610	511,829,008
Premises and equipment, net	30,354,158	30,263,937
Bank-owned life insurance	22,042,954	21,593,464
Foreclosed assets, net of valuation allowance of $1,948,783 and $1,851,160	7,232,147	9,390,130
Other assets	8,393,304	10,007,712
Total Assets	872,318,835	849,503,595
Deposits:
Noninterest-bearing deposits	173,578,871	163,639,321
Savings deposits	243,832,145	232,348,196
Time deposits	306,764,574	294,891,492
Total deposits	724,175,590	690,879,009
Overnight repurchase agreements	22,763,918	35,000,910
Term repurchase agreements	1,176,004	1,480,103
Federal Home Loan Bank advances	35,000,000	35,000,000
Accrued expenses and other liabilities	1,813,264	1,278,858
Total liabilities	784,928,776	763,638,880
Commitments and contingencies
Stockholders' equity:
Common stock, $5 par value, 10,000,000 shares authorized; 4,959,009 and 4,959,009 shares issued and outstanding	24,795,045	24,795,045
Additional paid-in capital	16,365,313	16,309,983
Retained earnings	46,329,875	45,109,268
Accumulated other comprehensive loss, net	(100,174)	(349,581)
Total stockholders' equity	87,390,059	85,864,715
Total liabilities and stockholders' equity	$ 872,318,835	$ 849,503,595