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Income Tax
 9 Months Ended
Sep. 30, 2012
Income Tax
NOTE 8.  Income Tax

   
Three Months Ended
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2012
    
2011
    
2012
    
2011
  
Income Tax Expense :
                        
Currently Payable:
                        
Federal
  
$
139
    
$
47
    
$
1,475
    
$
(855
)
State
                                
Deferred:
                                
Federal
    
3,787
      
2,514
      
11,239
      
7,211
  
State
                                
Total Income Tax Expense
  
$
3,926
    
$
2,561
    
$
12,714
    
$
6,356
  
                                 
Reconciliation of Federal Statutory to Actual Tax Expense:
                                
Federal statutory income tax at 35%
  
$
5,307
    
$
3,256
    
$
16,634
    
$
8,416
  
Tax-exempt interest income
    
(927
)
    
(916
)
    
(2,788
)
    
(2,793
)
Non-deductible interest expense
            
230
              
649
  
Stock compensation
    
14
      
19
      
56
      
56
  
Earnings on life insurance
    
(240
)
    
(208
)
    
(954
)
    
(610
)
Tax credits
    
(19
)
    
(29
)
    
(55
)
    
(55
)
Other
    
(209
)
    
209
      
(179
)
    
693
  
Actual Tax Expense
  
$
3,926
    
$
2,561
    
$
12,714
    
$
6,356