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CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
INTEREST INCOME    
Interest and fees on loans $ 20,971,200 $ 20,289,150
Interest and dividends on securities:    
Taxable interest and dividends 1,892,623 1,891,322
Tax-exempt interest 1,467,394 1,230,024
Interest on federal funds sold 72,364 21,339
Interest on deposits in banks 71,134 21,577
Total interest income 24,474,715 23,453,412
INTEREST EXPENSE    
Interest on time deposits of $100,000 or more 1,443,579 1,814,201
Interest on other deposits 2,757,320 3,930,024
Interest on borrowed funds 1,194,636 1,375,067
Total interest expense 5,395,535 7,119,292
Net interest income 19,079,180 16,334,120
Provision for loan losses 1,468,359 982,663
Net interest income after provision for loan losses 17,610,821 15,351,457
OTHER INCOME    
Service charges on deposit accounts 2,704,145 2,373,684
Other service charges and fees 1,653,270 1,697,123
Bank owned life insurance income 186,624 226,493
Loss on sale of other real estate (78,845) (20,075)
Other 136,781 89,949
Impairment loss on securities:    
Total other-than-temporary impairment loss (140,355) (1,713,525)
Less: Portion of loss recognized in other comprehensive income 136,077 1,241,714
Net impairment loss recognized in earnings (4,278) (471,811)
Total other income 4,597,697 3,895,363
OTHER EXPENSE    
Salaries 8,166,475 7,268,974
Employee benefits 1,512,609 1,423,630
Occupancy 1,355,766 1,051,537
Furniture and equipment 1,113,622 975,791
Supplies and printing 415,957 284,352
Professional and consulting fees 1,825,232 923,626
Marketing and public relations 353,145 311,533
FDIC and OCC assessments 811,145 1,066,963
Other 3,316,229 2,536,472
Total other expense 18,870,180 15,842,878
Income before income taxes 3,338,338 3,403,942
Income taxes 466,900 855,198
Net income 2,871,438 2,548,744
Preferred dividends and stock accretion 342,460 316,190
Net income applicable to common stockholders $ 2,528,978 $ 2,232,554
Net income per share:    
Basic $ 0.94 $ 0.84
Diluted $ 0.93 $ 0.84
Net income applicable to common stockholders:    
Basic $ 0.83 $ 0.74
Diluted $ 0.82 $ 0.74