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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,066,375 $ 6,058,573
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 449,079 548,190
Provision for loan losses 881,484 528,897
Depreciation and amortization of fixed assets 1,513,066 1,497,490
Amortization of premiums on securities, net 1,125,431 894,292
Gains on sales of loans held for sale, net (291,169) (144,380)
Proceeds from sales of loans held for sale 9,470,394 5,360,780
Loans originated and held for sale (9,069,377) (5,303,317)
Net gains on trading assets (13,098) (17,369)
Net gains on securities transactions (1,228) (299,919)
Proceeds from sales of trading assets 4,938 92,584
Purchase of trading assets (32,313) (32,939)
Net (gains) losses on sale of other real estate owned (15,997) 4,502
(Increase) decrease in other assets (1,421,591) 4,919,260
Decrease in prepaid FDIC assessment 1,969,526 372,601
Decrease in accrued interest payable (48,142) (144,225)
Expense related to restricted stock units for directors' deferred compensation plan 50,925 42,982
Expense related to employee stock compensation 112,154 80,000
Expense related to employee restricted stock awards 85,494 44,743
Increase (decrease) in other liabilities 1,298,530 (104,425)
Income from bank owned life insurance (41,686) (43,269)
Net cash provided by operating activities 11,092,795 14,355,051
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 10,533,633 69,367,438
Proceeds from maturities and principal collected on securities available for sale 31,120,375 14,616,579
Proceeds from maturities and principal collected on securities held to maturity 3,908,091 3,518,840
Purchases of securities available for sale (31,760,331) (64,276,418)
Purchases of securities held to maturity (4,729,900) (1,541,250)
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (2,930,350) (26,250)
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock 3,061,400 176,900
Purchases of premises and equipment (997,515) (1,452,526)
Proceeds from sale of other real estate owned 87,737 132,273
Net increase in loans (40,611,523) (58,445,477)
Net cash used by investing activities (32,318,383) (37,929,891)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 21,959,430 72,097,856
Net decrease in time deposits (11,724,959) (16,911,987)
Net decrease in securities sold under agreements to repurchase (2,142,580) (5,356,414)
Repayments of Federal Home Loan Bank long term advances (1,124,133) (2,216,124)
Purchase of treasury stock (92,630) (480,073)
Sale of treasury stock 60,362 0
Cash dividends paid (1,194,117) (2,285,005)
Net cash provided by financing activities 5,741,373 44,848,253
Net (decrease) increase in cash and cash equivalents (15,484,215) 21,273,413
Cash and cash equivalents, beginning of period 40,241,221 52,901,853
Cash and cash equivalents, end of period 24,757,006 74,175,266
Cash paid during the year for:    
Interest 2,084,831 3,068,390
Income Taxes 2,591,049 3,500
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 94,970 223,071
Dividends declared, not yet paid $ 1,194,988 $ 1,142,082