SUPPLEMENTAL CASH FLOW AND COMPREHENSIVE INCOME INFORMATION

12 Months Ended

Dec. 31, 2011

Supplemental Cash Flow and Comprehensive Income Information [Abstract]

SUPPLEMENTAL CASH FLOW AND COMPREHENSIVE INCOME INFORMATION

NOTE 15 – SUPPLEMENTAL CASH FLOW AND COMPREHENSIVE INCOME INFORMATION

Cash paid during the years ended December 31, 2011, 2010 and 2009 for interest was $4,823,821, $5,162,948 and $5,109,097, respectively.

During the years ended December 31, 2011, 2010 and 2009, land development costs of $79,901, $164,649 and $144,663, respectively were transferred to investment property and equipment and placed in service.

During the years ended December 31, 2011, 2010 and 2009, the Company had dividend reinvestments of $1,628,507, $1,375,331 and $1,155,587, respectively which required no cash transfers.

The following are the reclassification adjustments related to securities available for sale included in Other Comprehensive Income:

	2011	2010	2009
Unrealized holding gain (loss) arising during the year	($1,296,427)	$8,167,954	$6,081,522
Add reclassification adjustment for other-than-temporary impairment	-0-	-0-	1,908,798
Less reclassification adjustment for net gains realized in income	(2,692,649)	(3,931,880)	(104,652)
Net unrealized holding gain (loss)	($3,989,076)	$4,236,074	$7,885,668