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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from financial institutions $ 27,787,395 $ 16,540,095
Interest-bearing deposits in other financial institutions 56,156,424 44,079,682
Total cash and cash equivalents 83,943,819 60,619,777
Securities available for sale, at estimated fair value 284,133,730 223,544,961
Securities held to maturity, estimated fair value of $8,792,461 at June 30, 2011 and $8,297,392 at December 31, 2010 8,040,872 7,715,123
Federal Home Loan Bank and Federal Reserve Bank Stock, at cost 4,723,750 3,328,900
Loans, net of deferred origination fees and costs, and unearned income 788,720,027 613,684,369
Allowance for loan losses (9,755,672) (9,498,131)
Loans, net 778,964,355 604,186,238
Loans held for sale 351,055 486,997
Premises and equipment, net 24,344,587 24,192,593
Goodwill 22,551,090 9,872,375
Other intangible assets, net 6,766,541 4,655,900
Bank owned life insurance 2,580,326 2,536,715
Other assets 20,635,998 17,187,706
Total assets 1,237,036,123 958,327,285
Deposits:    
Non-interest-bearing 245,273,828 197,322,036
Interest-bearing 768,688,273 589,036,816
Total deposits 1,013,962,101 786,358,852
Securities sold under agreements to repurchase 42,218,485 44,774,615
Federal Home Loan Bank term advances 44,096,181 20,000,000
Accrued interest payable 927,459 784,351
Dividends payable 1,141,977 881,203
Other liabilities 8,130,029 8,119,701
Total liabilities 1,110,476,232 860,918,722
Shareholders' equity:    
Common stock, $.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued at June 30, 2011 and 4,300,134 issued at December 31, 2010 53,101 43,001
Additional-paid-in capital 45,718,649 22,022,122
Retained earnings 96,659,359 94,407,620
Treasury stock, at cost (741,281 shares at June 30, 2011; 749,880 shares at December 31, 2010) (18,929,935) (19,166,655)
Accumulated other comprehensive income (loss) 3,058,717 102,475
Total shareholders' equity 126,559,891 97,408,563
Total liabilities and shareholders' equity $ 1,237,036,123 $ 958,327,285