Note 11 - Federal and State Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012		2011		2010
Current	$	1,850,234	$	195,135	$	1,193,245
Deferred		2,684,367		3,673,064		1,256,004
	$	4,534,601	$	3,868,199	$	2,449,249

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended December 31,
	2012						2011						2010
	Amount			% of Pretax Income			Amount			% of Pretax Income			Amount			% of Pretax Income
Computed "expected" tax expense	$	6,174,295			35.0	%	$	4,899,324			35.0	%	$	3,239,941			35.0	%
Effect of graduated tax rates interest		(20,775	)		(0.1	)		(139,981	)		(1.0	)		(92,570	)		(1.0	)
Tax exempt income, net		(1,243,660	)		(7.0	)		(692,742	)		(4.9	)		(556,682	)		(6.0	)
Bank-owned life insurance		(544,292	)		(3.1	)		(490,491	)		(3.5	)		(451,457	)		(4.9	)
State income taxes, net of federal benefit, current year		730,865			4.1			533,250			3.8			330,917			3.6
Change in unrecognized tax benefits		(149,183	)		(0.8	)		2,074			-			71,671			0.8
Noncontrolling interests		(166,081	)		(0.9	)		(148,995	)		(1.1	)		(75,156	)		(0.8	)
Other		(246,568	)		(1.5	)		(94,240	)		(0.7	)		(17,415	)		(0.2	)
	$	4,534,601			25.7	%	$	3,868,199			27.6	%	$	2,449,249			26.5	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2012			2011
Balance, beginning	$	1,148,549		$	1,034,025
Impact of tax positions taken during current year		202,341			245,441
Gross increase related to tax positions of prior years		21,781			89,310
Reduction as a result of a lapse of the applicable statute of limitations		(378,593	)		(220,227	)
Balance, ending	$	994,078		$	1,148,549

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2012			2011
Deferred tax assets:
Alternative minimum tax credits	$	3,075,372		$	1,955,270
New markets tax credits		1,000,000			500,000
Compensation		5,756,439			4,934,312
Loan/lease losses		5,927,442			5,130,551
Net operating loss carryforwards, federal and state		876,769			6,342,415
Deferred loan origination fees, net		285,794			240,063
Other		379,523			285,590
		17,301,339			19,388,201
Deferred tax liabilities:
Net unrealized gains on securities available for sale		2,905,784			2,940,792
Premises and equipment		1,532,602			1,580,272
Equipment financing leases		20,516,189			19,897,412
Investment accretion		43,740			43,648
Other		444,302			417,996
		25,442,617			24,880,120
Net deferred tax asset (liability)	$	(8,141,278	)	$	(5,491,919	)

Deferred Taxes in Financial Statements [Table Text Block]

	2012			2011		2010
Provision for income taxes	$	2,684,367		$	3,673,064	$	1,256,004
Statement of stockholders' equity- accumulated other comprehensive income,unrealized gains (losses) on securities available for sale, net		(35,008	)		2,510,006		348,376
	$	2,649,359		$	6,183,070	$	1,604,380