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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and due from financial institution $ 28,204,699 $ 16,540,095
Interest-bearing deposits in other financial institutions 24,697,154 44,079,682
Total cash and cash equivalents 52,901,853 60,619,777
Trading assets, at fair value 294,381 0
Securities available for sale, at estimated fair value 280,869,810 223,544,961
Securities held to maturity, estimated fair value of $9,175,956 at December 31, 2011 and $8,297,392 at December 31, 2010 8,311,921 7,715,123
Federal Home Loan Bank and Federal Reserve Bank Stock, at cost 5,509,350 3,328,900
Loans, net of deferred origination fees and costs, and unearned income 796,915,177 613,684,369
Allowance for loan losses (9,659,320) (9,498,131)
Loans, net 787,255,857 604,186,238
Loans held for sale 395,427 486,997
Premises and equipment, net 24,762,405 24,192,593
Goodwill 21,983,617 9,872,375
Other intangible assets, net 6,190,540 4,655,900
Bank owned life insurance 2,625,104 2,536,715
Other assets 25,159,322 17,187,706
Total assets 1,216,259,587 958,327,285
Deposits:    
Non-interest-bearing 258,835,961 197,322,036
Interest-bearing 739,656,878 589,036,816
Total deposits 998,492,839 786,358,852
Securities sold under agreements to repurchase' 37,106,842 44,774,615
Federal Home Loan Bank term advances 43,343,918 20,000,000
Accrued interest payable 800,148 784,351
Dividends payable 1,141,081 881,203
Other liabilities 9,445,319 8,119,701
Total liabilities 1,090,330,147 860,918,722
Shareholders' equity:    
Common stock, $.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at December 31, 2011 and 4,300,134 issued at December 31, 2010 53,101 43,001
Additional-paid-in capital 45,582,861 22,022,122
Retained earnings 100,628,900 94,407,620
Treasury stock, at cost (741,003 shares at December 31, 2011; 749,880 shares at December 31, 2010) (18,894,044) (19,166,655)
Accumulated other comprehensive (loss) income (1,441,378) 102,475
Total shareholders' equity 125,929,440 97,408,563
Total liabilities and shareholders' equity $ 1,216,259,587 $ 958,327,285