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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,245,545 $ 8,892,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 662,801 808,258
Provision for loan losses 1,755,188 753,897
Depreciation and amortization of fixed assets 2,232,587 2,187,234
Amortization of premiums on securities, net 1,692,700 1,343,743
Gains on sales of loans held for sale, net (424,867) (270,265)
Proceeds from sales of loans held for sale 15,382,872 8,992,854
Loans originated and held for sale (14,767,126) (9,491,912)
Net gains on trading assets (26,666) (28,261)
Net gains on securities transactions (1,228) (300,516)
Proceeds from sales of trading assets 111,541 96,498
Purchase of trading assets (49,655) (48,851)
Net (gains) losses on sale of other real estate owned (33,448) 72,004
(Increase) decrease in other assets (1,343,566) 4,294,238
Decrease in prepaid FDIC assessment 1,969,526 559,406
Decrease in accrued interest payable (113,986) (337,246)
Expense related to restricted stock units for directors' deferred compensation plan 74,180 65,151
Expense related to employee stock compensation 112,154 80,000
Expense related to employee stock awards 106,326 61,062
Increase (decrease) in other liabilities 409,573 (820,424)
Income from bank owned life insurance (62,806) (64,840)
Net cash provided by operating activities 14,931,645 16,844,448
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and calls of securities available for sale 10,533,633 70,370,086
Proceeds from maturities and principal collected on securities available for sale 36,204,217 21,396,640
Proceeds from maturities and principal collected on securities held to maturity 5,378,939 3,731,924
Purchases of securities available for sale (69,920,613) (64,276,418)
Purchases of securities held to maturity (6,174,271) (1,582,507)
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (8,915,350) (26,250)
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock 6,900,700 775,100
Purchases of premises and equipment (1,835,036) (2,287,654)
Proceeds from sales of other real estate owned 137,200 294,229
Net increase in loans (74,552,241) (78,356,344)
Net cash used by investing activities (102,242,822) (49,961,194)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts 58,463,290 112,724,881
Net decrease in time deposits (14,751,851) (28,042,200)
Net decrease in securities sold under agreements to repurchase (2,211,422) (4,189,186)
Increase of Federal Home Loan Bank overnight advances 49,100,000 0
Repayments of Federal Home Loan Bank long term advances (1,179,438) (15,298,177)
Purchase of treasury stock (92,630) (579,051)
Sale of treasury stock 60,362 257,449
Cash dividends paid (2,389,106) (3,427,087)
Net cash provided by financing activities 86,999,205 61,446,629
Net (decrease) increase in cash and cash equivalents (311,972) 28,329,883
Cash and cash equivalents, beginning of period 40,241,221 52,901,853
Cash and cash equivalents, end of period 39,929,249 812,331,736
Cash paid during the year for:    
Interest 3,143,380 4,501,350
Income Taxes 4,310,174 3,500
Supplemental disclosure of non-cash activity:    
Transfer of loans to other real estate owned 102,970 512,686
Dividends declared, not yet paid $ 1,194,521 $ 1,143,770