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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,871,438 $ 2,548,744
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,159,746 869,736
FHLB Stock dividends (3,700) (4,100)
Provision for loan losses 1,468,359 982,663
Impairment loss on securities 4,278 471,811
Loss (Gain) on sale/call of securities 318 (50,715)
Deferred income taxes 163,746 (84,605)
Restricted stock expense 119,320 12,610
Increase in cash value of life insurance (186,624) (226,493)
Amortization and accretion, net 213,534 271,206
Loss on sale/writedown of other real estate 394,912 351,392
Changes in:    
Loans held for sale 59,215 767,370
Interest receivable (662,192) 295,356
Other assets 2,111,333 2,640,435
Interest payable (176,005) (261,436)
Other liabilities (405,181) 1,464,758
Net cash provided by operating activities 7,132,497 10,048,732
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of available-for-sale securities (162,035,574) (51,246,717)
Purchases of other securities (315,000) (595,500)
Purchase of held-to-maturity securities (6,000,000)  
Proceeds from maturities and calls of available-for-sale securities 48,350,275 56,508,885
Proceeds from sales of securities available-for-sale 7,144,270 1,009,000
Proceeds from redemption of other securities 272,400 384,300
Increase in loans (13,972,402) (18,956,156)
Net additions to premises and equipment (1,373,857) (1,370,243)
Net cash received from acquisition 116,143,031  
Net cash used in investing activities (11,786,857) (14,266,431)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase (decrease) in deposits (2,270,888) 12,725,515
Proceeds from borrowed funds 31,675,000 8,500,000
Repayment of borrowed funds (34,750,064) (10,430,187)
Dividends paid on common stock (452,983) (452,980)
Dividends paid on preferred stock (342,460) (261,814)
Proceeds from issuance of preferred stock and warrant   12,123,000
Net cash provided by (used in) financing activities (6,141,395) 22,203,534
Net increase (decrease) in cash and cash equivalents (10,795,755) 17,985,835
Cash and cash equivalents at beginning of year 33,976,708 15,990,873
Cash and cash equivalents at end of year 23,180,953 33,976,708
Cash paid during the year for:    
Interest 5,498,702 7,380,728
Income taxes 862,855 1,366,854
Non-cash activities:    
Transfers of loans to other real estate 3,128,503 3,296,143
Issuance of restricted stock grants $ 33,850 $ 12,353