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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Cash and due from banks $ 53,136,710 $ 42,030,806
Federal funds sold 20,785,000 61,960,000
Interest-bearing deposits at financial institutions 26,750,602 39,745,611
Securities held to maturity, at amortized cost 200,000 300,000
Securities available for sale, at fair value 565,029,291 424,546,767
565,229,291 424,846,767
Loans receivable, held for sale 3,832,760 14,084,859
Loans/leases receivable, held for investment 1,196,912,737 1,158,453,744
1,200,745,497 1,172,538,603
Less allowance for estimated losses on loans/leases (18,789,262) (20,364,656)
1,181,956,235 1,152,173,947
Premises and equipment, net 31,740,751 31,118,744
Goodwill 3,222,688 3,222,688
Accrued interest receivable 6,510,021 6,435,989
Bank-owned life insurance 42,011,281 33,565,390
Prepaid FDIC insurance 3,683,406 5,361,314
Restricted investment securities 15,253,600 16,668,700
Other real estate owned, net 8,385,758 8,534,711
Other assets 7,944,711 10,970,549
Total assets 1,966,610,054 1,836,635,216
Deposits:    
Noninterest-bearing 357,183,481 276,827,205
Interest-bearing 848,274,307 837,988,652
Total deposits 1,205,457,788 1,114,815,857
Short-term borrowings 213,536,450 141,154,499
Federal Home Loan Bank advances 204,750,000 238,750,000
Other borrowings 136,231,663 150,070,785
Junior subordinated debentures 36,085,000 36,085,000
Other liabilities 26,116,451 23,188,367
Total liabilities 1,822,177,352 1,704,064,508
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock, $1 par value, shares authorized 250,000 December 2011 - 65,090 shares issued and outstanding December 2010 - 63,237 shares issued and outstanding 65,090 63,237
Common stock, $1 par value; shares authorized 20,000,000 December 2011 - 4,879,435 shares issued and 4,758,189 outstanding December 2010 - 4,732,428 shares issued and 4,611,182 outstanding 4,879,435 4,732,428
Additional paid-in capital 89,702,533 86,478,269
Retained earnings 44,585,902 40,550,900
Accumulated other comprehensive income 4,754,714 704,165
Noncontrolling interests 2,051,538 1,648,219
Less treasury stock, December 2011 and 2010 - 121,246 common shares, at cost (1,606,510) (1,606,510)
Total stockholders' equity 144,432,702 132,570,708
Total liabilities and stockholders' equity $ 1,966,610,054 $ 1,836,635,216