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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans, including fees $ 18,285,197 $ 20,951,183 $ 23,814,290
Securities      
Taxable 1,539,672 937,453 974,773
Nontaxable 255,953 151,511 96,100
Interest bearing deposits and other 134,090 168,468 13,522
Interest Income 20,214,912 22,208,615 24,898,685
Interest expense:      
Deposits 4,555,119 5,313,932 6,802,006
Borrowed funds 1,133,548 2,432,282 3,535,522
Interest expense 5,688,667 7,746,214 10,337,528
Net interest income 14,526,245 14,462,401 14,561,157
Provision for loan losses 2,135,000 4,091,000 2,450,000
Net interest income after provision for loan losses 12,391,245 10,371,401 12,111,157
Noninterest income:      
Fees and service charges 4,716,612 4,772,904 4,708,225
Abstract fees 561,393 636,782 929,279
Gain on sale of loans 691,216 965,769 975,481
Other income 1,606,722 1,562,910 1,765,344
Total noninterest income 7,575,943 7,938,365 8,378,329
Investment securities gains (losses), net:      
Total other-than-temporary impairment losses 0 0 (23,343)
Portion of loss recognized in other comprehensive income (loss) before taxes 0 0 0
Net impairment losses recognized in earnings 0 0 (23,343)
Realized securities gains (losses), net 135,754 7,652 362,560
Total securities gains (losses), net 135,754 7,652 339,217
Noninterest expense:      
Compensation and employee benefits 7,809,460 7,614,858 7,364,215
Premises and equipment 1,841,130 1,894,850 1,878,967
Data processing 868,437 871,816 809,416
FDIC insurance expense 430,888 561,990 759,734
Foreclosed real estate impairment 556,447 479,045 518,136
Other expenses 5,172,217 4,712,034 4,784,319
Total noninterest expense 16,678,579 16,134,593 16,114,787
Income before income taxes 3,424,363 2,182,825 4,713,916
Provision for income taxes 786,000 477,500 1,524,700
Net income 2,638,363 1,705,325 3,189,216
Preferred stock dividends and discount 550,127 528,800 514,924
Net income available to common stockholders $ 2,088,236 $ 1,176,525 $ 2,674,292
Basic earnings per common share (in dollars per share) $ 1.55 $ 0.87 $ 1.99
Diluted earnings per common share (in dollars per share) $ 1.53 $ 0.87 $ 1.99
Dividends declared per common share (in dollars per share) $ 0.04 $ 0.04 $ 0.04