Note 3 - Loans/Leases Receivable (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	As of June 30, 2012			As of December 31, 2011
Commercial and industrial loans	$	350,780,417		$	350,794,278
Commercial real estate loans
Owner-occupied commercial real estate		188,948,747			167,790,621
Commercial construction, land development, and other land		46,663,733			60,384,738
Other non owner-occupied commercial real estate		340,674,818			349,628,491
		576,287,298			577,803,850
Direct financing leases *		98,567,582			93,212,362
Residential real estate loans **		107,450,497			98,107,051
Installment and other consumer loans		77,416,813			78,223,080
		1,210,502,607			1,198,140,621
Plus deferred loan/lease origination costs, net of fees		2,801,194			2,604,876
		1,213,303,801			1,200,745,497
Less allowance for estimated losses on loans/leases		(18,724,535	)		(18,789,262	)
	$	1,194,579,266		$	1,181,956,235
* Direct financing leases:
Net minimum lease payments to be received	$	112,122,885		$	106,389,988
Estimated unguaranteed residual values of leased assets		1,144,745			1,043,326
Unearned lease/residual income		(14,700,048	)		(14,220,952	)
		98,567,582			93,212,362
Plus deferred lease origination costs, net of fees		3,519,830			3,217,011
		102,087,412			96,429,373
Less allowance for estimated losses on leases		(1,610,999	)		(1,339,496	)
	$	100,476,413		$	95,089,877

Past Due Financing Receivables [Table Text Block]

Classes of Loans/Leases	Current			30-59 Days Past Due			60-89 Days Past Due			Accruing Past Due 90 Days or More			Nonaccrual Loans/Leases			Total
Commercial and Industrial	$	347,348,642		$	834,831		$	17,821		$	965,673		$	1,613,450		$	350,780,417
Commercial Real Estate
Owner-Occupied Commercial Real Estate		187,712,914			548,615			-			-			687,218			188,948,747
Commercial Construction, Land Development, and Other Land		42,799,962			-			1,076,387			-			2,787,384			46,663,733
Other Non Owner-Occupied Commercial Real Estate		326,648,116			2,178,037			3,258,985			137,611			8,452,069			340,674,818
Direct Financing Leases		96,813,835			796,205			270,034			-			687,508			98,567,582
Residential Real Estate		106,016,069			-			411,031			-			1,023,397			107,450,497
Installment and Other Consumer		75,469,221			231,520			671,731			48,607			995,734			77,416,813
	$	1,182,808,759		$	4,589,208		$	5,705,989		$	1,151,891		$	16,246,760		$	1,210,502,607
As a percentage of total loan/lease portfolio		97.71	%		0.38	%		0.47	%		0.10	%		1.34	%		100.00	%

Classes of Loans/Leases	Current			30-59 Days Past Due			60-89 Days Past Due			Accruing Past Due 90 Days or More			Nonaccrual Loans/Leases			Total
Commercial and Industrial	$	347,417,683		$	226,394		$	239,991		$	120,000		$	2,790,210		$	350,794,278
Commercial Real Estate
Owner-Occupied Commercial Real Estate		166,632,318			146,847			-			-			1,011,456			167,790,621
Commercial Construction, Land Development, and Other Land		55,741,827			211,878			486,802			968,919			2,975,312			60,384,738
Other Non Owner-Occupied Commercial Real Estate		336,080,128			522,323			3,732,935			-			9,293,105			349,628,491
Direct Financing Leases		91,273,406			826,187			396,344			-			716,425			93,212,362
Residential Real Estate		95,456,433			1,127,465			389,678			-			1,133,475			98,107,051
Installment and Other Consumer		76,376,399			737,543			12,122			22,160			1,074,856			78,223,080
	$	1,168,978,194		$	3,798,637		$	5,257,872		$	1,111,079		$	18,994,839		$	1,198,140,621
As a percentage of total loan/lease portfolio		97.57	%		0.32	%		0.44	%		0.09	%		1.59	%		100.00	%

Schedule of Nonperforming Loans Leases [Table Text Block]

Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases *		Troubled Debt Restructurings - Accruing		Total Nonperforming Loans/Leases		Percentage of Total Nonperforming Loans/Leases
Commercial and Industrial	$	965,673	$	1,613,450	$	185,591	$	2,764,714		10.13	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		687,218		-		687,218		2.52	%
Commercial Construction, Land Development, and Other Land		-		2,787,384		337,500		3,124,884		11.45	%
Other Non Owner-Occupied Commercial Real Estate		137,611		8,452,069		9,167,020		17,756,700		65.05	%
Direct Financing Leases		-		687,508		-		687,508		2.52	%
Residential Real Estate		-		1,023,397		167,739		1,191,136		4.36	%
Installment and Other Consumer		48,607		995,734		39,553		1,083,894		3.97	%
	$	1,151,891	$	16,246,760	$	9,897,403	$	27,296,054		100.00	%

Classes of Loans/Leases	Accruing Past Due 90 Days or More		Nonaccrual Loans/Leases **		Troubled Debt Restructurings - Accruing		Total Nonperforming Loans/Leases		Percentage of Total Nonperforming Loans/Leases
Commercial and Industrial	$	120,000	$	2,790,210	$	187,407	$	3,097,617		9.68	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		1,011,456		-		1,011,456		3.16	%
Commercial Construction, Land Development, and Other Land		968,919		2,975,312		6,076,143		10,020,374		31.30	%
Other Non Owner-Occupied Commercial Real Estate		-		9,293,105		5,049,795		14,342,900		44.81	%
Direct Financing Leases		-		716,425		590,238		1,306,663		4.08	%
Residential Real Estate		-		1,133,475		-		1,133,475		3.54	%
Installment and Other Consumer		22,160		1,074,856		-		1,097,016		3.43	%
	$	1,111,079	$	18,994,839	$	11,903,583	$	32,009,501		100.00	%

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Three Months Ended June 30, 2012
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate		Installment and Other Consumer			Total
Balance, beginning	$	4,585,467		$	10,855,442		$	1,366,528		$	963,157	$	1,236,050		$	19,006,644
Provisions charged to expense		(683,718	)		1,275,510			258,469			23,557		174,651			1,048,469
Loans/leases charged off		(79,334	)		(1,427,987	)		(27,543	)		-		(199,935	)		(1,734,799	)
Recoveries on loans/leases previously charged off		358,377			7,026			13,545			-		25,273			404,221
Balance, ending	$	4,180,792		$	10,709,991		$	1,610,999		$	986,714	$	1,236,039		$	18,724,535

	Three Months Ended June 30, 2011
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases		Residential Real Estate		Installment and Other Consumer			Total
Balance, beginning	$	8,454,099		$	8,631,699		$	1,467,934	$	706,305	$	1,469,979		$	20,730,016
Provisions charged to expense		224,974			865,054			123,221		50,770		408,202			1,672,221
Loans/leases charged off		(1,593,901	)		(921,407	)		-		-		(176,397	)		(2,691,705	)
Recoveries on loans/leases previously charged off		39,272			27,293			154		-		25,381			92,100
Balance, ending	$	7,124,444		$	8,602,639		$	1,591,309	$	757,075	$	1,727,165		$	19,802,632

	Six Months Ended June 30, 2012
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	4,878,006		$	10,596,958		$	1,339,496		$	704,946		$	1,269,856		$	18,789,262
Provisions charged to expense		(774,618	)		1,533,374			573,915			286,525			209,719			1,828,915
Loans/leases charged off		(455,742	)		(1,427,987	)		(343,264	)		(4,757	)		(327,801	)		(2,559,551	)
Recoveries on loans/leases previously charged off		533,146			7,646			40,852			-			84,265			665,909
Balance, ending	$	4,180,792		$	10,709,991		$	1,610,999		$	986,714		$	1,236,039		$	18,724,535

	Six Months Ended June 30, 2011
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate		Installment and Other Consumer			Total
Balance, beginning	$	7,548,922		$	9,087,315		$	1,530,572		$	748,028	$	1,449,819		$	20,364,656
Provisions charged to expense		1,216,493			392,902			303,885			9,047		817,558			2,739,885
Loans/leases charged off		(1,790,617	)		(921,537	)		(243,446	)		-		(617,032	)		(3,572,632	)
Recoveries on loans/leases previously charged off		149,646			43,959			298			-		76,820			270,723
Balance, ending	$	7,124,444		$	8,602,639		$	1,591,309		$	757,075	$	1,727,165		$	19,802,632

	As of June 30, 2012
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for loans/leases individually evaluated for impairment	$	265,046		$	3,175,726		$	90,000		$	117,877		$	2,313		$	3,650,962
Allowance for loans/leases collectively evaluated for impairment		3,915,746			7,534,265			1,520,999			868,837			1,233,726			15,073,573
	$	4,180,792		$	10,709,991		$	1,610,999		$	986,714		$	1,236,039		$	18,724,535
Loans/leases individually evaluated for impairment	$	1,011,904		$	21,305,295		$	687,508		$	1,191,136		$	965,678		$	25,161,521
Loans/leases collectively evaluated for impairment		349,768,513			554,982,003			97,880,074			106,259,361			76,451,135			1,185,341,086
	$	350,780,417		$	576,287,298		$	98,567,582		$	107,450,497		$	77,416,813		$	1,210,502,607
Allowance as a percentage of loans/leases individually evaluated for impairment		26.19	%		14.91	%		13.09	%		9.90	%		0.24	%		14.51	%
Allowance as a percentage of loans/leases collectively evaluated for impairment		1.12	%		1.36	%		1.55	%		0.82	%		1.61	%		1.27	%
		1.19	%		1.86	%		1.63	%		0.92	%		1.60	%		1.54	%

	As of December 31, 2011
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Allowance for loans/leases individually evaluated for impairment	$	903,187		$	4,297,738		$	66,675		$	55,884		$	22,819		$	5,346,303
Allowance for loans/leases collectively evaluated for impairment		3,974,819			6,299,220			1,272,821			649,062			1,247,037			13,442,959
	$	4,878,006		$	10,596,958		$	1,339,496		$	704,946		$	1,269,856		$	18,789,262
Loans/leases individually evaluated for impairment	$	2,152,855		$	24,281,365		$	1,306,663		$	1,133,474		$	984,806		$	29,859,163
Loans/leases collectively evaluated for impairment		348,641,423			553,522,485			91,905,699			96,973,577			77,238,274			1,168,281,458
	$	350,794,278		$	577,803,850		$	93,212,362		$	98,107,051		$	78,223,080		$	1,198,140,621
Allowance as a percentage of loans/leases individually evaluated for impairment		41.95	%		17.70	%		5.10	%		4.93	%		2.32	%		17.91	%
Allowance as a percentage of loans/leases collectively evaluated for impairment		1.14	%		1.14	%		1.38	%		0.67	%		1.61	%		1.15	%
		1.39	%		1.83	%		1.44	%		0.72	%		1.62	%		1.56	%

Impaired Financing Receivables [Table Text Block]

Classes of Loans/Leases	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	679,015	$	1,410,800	$	-	$	1,230,600	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		555,729		555,729		-		711,463		-		-
Commercial Construction, Land Development, and Other Land		1,427,018		2,009,619		-		5,041,106		3,851		3,851
Other Non Owner-Occupied Commercial Real Estate		4,700,668		5,500,668		-		6,864,499		894		894
Direct Financing Leases		569,233		569,233		-		804,542		-		-
Residential Real Estate		733,354		733,354		-		784,598		3,346		3,346
Installment and Other Consumer		963,365		982,097		-		972,903		124		124
	$	9,628,382	$	11,761,500	$	-	$	16,409,711	$	8,215	$	8,215
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	332,889	$	332,889	$	265,046	$	281,764	$	3,951	$	3,951
Commercial Real Estate
Owner-Occupied Commercial Real Estate		66,660		66,660		1,276		66,660		-		-
Commercial Construction, Land Development, and Other Land		2,352,865		2,376,100		1,018,457		2,328,678		-		-
Other Non Owner-Occupied Commercial Real Estate		12,202,355		12,202,355		2,155,993		8,771,552		150,664		150,664
Direct Financing Leases		118,275		118,275		90,000		100,425		-		-
Residential Real Estate		457,782		457,782		117,877		421,985		-		-
Installment and Other Consumer		2,313		2,313		2,313		1,332		-		-
	$	15,533,139	$	15,556,374	$	3,650,962	$	11,972,396	$	154,615	$	154,615
Total Impaired Loans/Leases:
Commercial and Industrial	$	1,011,904	$	1,743,689	$	265,046	$	1,512,364	$	3,951	$	3,951
Commercial Real Estate
Owner-Occupied Commercial Real Estate		622,389		622,389		1,276		778,123		-		-
Commercial Construction, Land Development, and Other Land		3,779,883		4,385,719		1,018,457		7,369,784		3,851		3,851
Other Non Owner-Occupied Commercial Real Estate		16,903,023		17,703,023		2,155,993		15,636,051		151,558		151,558
Direct Financing Leases		687,508		687,508		90,000		904,967		-		-
Residential Real Estate		1,191,136		1,191,136		117,877		1,206,583		3,346		3,346
Installment and Other Consumer		965,678		984,410		2,313		974,235		124		124
	$	25,161,521	$	27,317,874	$	3,650,962	$	28,382,107	$	162,830	$	162,830

Information for Impaired Loans/Leases [Table Text Block]

	Three Months Ended June 30, 2012						Three Months Ended June 30, 2011
Classes of Loans/Leases	Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received		Average Recorded Investment		Interest Income Recognized		Interest Income Recognized for Cash Payments Received
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	870,085	$	-	$	-	$	1,455,378	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		668,313		-		-		1,737,998		-		-
Commercial Construction, Land Development, and Other Land		4,773,032		1,683		1,683		184,693		-		-
Other Non Owner-Occupied Commercial Real Estate		6,997,797		-		-		3,840,268		-		-
Direct Financing Leases		585,845		-		-		1,052,176		-		-
Residential Real Estate		734,485		1,673		1,673		958,303		-		-
Installment and Other Consumer		974,591		101		101		668,265		-		-
	$	15,604,148	$	3,457	$	3,457	$	9,897,081	$	-	$	-
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	314,872	$	1,971	$	1,971	$	3,666,049	$	1,705	$	1,705
Commercial Real Estate
Owner-Occupied Commercial Real Estate		66,660		-		-		370,843		18,145		18,145
Commercial Construction, Land Development, and Other Land		2,348,194		-		-		4,688,045		-		-
Other Non Owner-Occupied Commercial Real Estate		8,354,604		83,113		83,113		7,130,672		-		-
Direct Financing Leases		118,275		-		-		746,288		-		-
Residential Real Estate		462,406		-		-		140,332		-		-
Installment and Other Consumer		1,998		-		-		233,087		-		-
	$	11,667,009	$	85,084	$	85,084	$	16,975,316	$	19,850	$	19,850
Total Impaired Loans/Leases:
Commercial and Industrial	$	1,184,957	$	1,971	$	1,971	$	5,121,427	$	1,705	$	1,705
Commercial Real Estate
Owner-Occupied Commercial Real Estate		734,973		-		-		2,108,841		18,145		18,145
Commercial Construction, Land Development, and Other Land		7,121,226		1,683		1,683		4,872,738		-		-
Other Non Owner-Occupied Commercial Real Estate		15,352,401		83,113		83,113		10,970,940		-		-
Direct Financing Leases		704,120		-		-		1,798,464		-		-
Residential Real Estate		1,196,891		1,673		1,673		1,098,635		-		-
Installment and Other Consumer		976,589		101		101		901,352		-		-
	$	27,271,157	$	88,541	$	88,541	$	26,872,397	$	19,850	$	19,850

Classes of Loans/Leases	Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired Loans/Leases with No Specific Allowance Recorded:
Commercial and Industrial	$	360,947	$	979,901	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		736,610		736,610		-
Commercial Construction, Land Development, and Other Land		-		-		-
Other Non Owner-Occupied Commercial Real Estate		3,936,826		3,986,820		-
Direct Financing Leases		1,094,178		1,094,178		-
Residential Real Estate		788,685		862,298		-
Installment and Other Consumer		593,987		593,987		-
	$	7,511,233	$	8,253,794	$	-
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	1,791,908	$	1,791,908	$	903,187
Commercial Real Estate
Owner-Occupied Commercial Real Estate		217,059		217,059		47,911
Commercial Construction, Land Development, and Other Land		9,051,455		9,051,455		3,002,450
Other Non Owner-Occupied Commercial Real Estate		10,339,415		10,839,415		1,247,377
Direct Financing Leases		212,485		212,485		66,675
Residential Real Estate		344,789		344,789		55,884
Installment and Other Consumer		390,819		390,819		22,819
	$	22,347,930	$	22,847,930	$	5,346,303
Total Impaired Loans/Leases:
Commercial and Industrial	$	2,152,855	$	2,771,809	$	903,187
Commercial Real Estate
Owner-Occupied Commercial Real Estate		953,669		953,669		47,911
Commercial Construction, Land Development, and Other Land		9,051,455		9,051,455		3,002,450
Other Non Owner-Occupied Commercial Real Estate		14,276,241		14,826,235		1,247,377
Direct Financing Leases		1,306,663		1,306,663		66,675
Residential Real Estate		1,133,474		1,207,087		55,884
Installment and Other Consumer		984,806		984,806		22,819
	$	29,859,163	$	31,101,724	$	5,346,303

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of June 30, 2012
			Commercial Real Estate
					Non Owner-Occupied
Internally Assigned Risk Rating	Commercial and Industrial		Owner-Occupied Commercial Real Estate		Commercial Construction, Land Development, and Other Land		Other Commercial Real Estate		Total
Pass (Ratings 1 through 5)	$	326,648,303	$	183,382,668	$	40,298,069	$	303,371,664	$	853,700,704
Special Mention (Rating 6)		8,239,440		3,609,328		442,149		9,046,514		21,337,431
Substandard (Rating 7)		15,892,674		1,956,751		5,923,515		28,256,640		52,029,580
Doubtful (Rating 8)		-		-		-		-		-
	$	350,780,417	$	188,948,747	$	46,663,733	$	340,674,818	$	927,067,715

	As of December 31, 2011
			Commercial Real Estate
					Non Owner-Occupied
Internally Assigned Risk Rating	Commercial and Industrial		Owner-Occupied Commercial Real Estate		Commercial Construction, Land Development, and Other Land		Other Commercial Real Estate		Total
Pass (Ratings 1 through 5)	$	324,225,905	$	158,955,618	$	46,268,554	$	310,401,972	$	839,852,049
Special Mention (Rating 6)		8,814,497		2,700,496		764,586		13,754,798		26,034,377
Substandard (Rating 7)		17,753,876		6,134,507		13,351,598		25,471,721		62,711,702
Doubtful (Rating 8)		-		-		-		-		-
	$	350,794,278	$	167,790,621	$	60,384,738	$	349,628,491	$	928,598,128

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

	As of June 30, 2012
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total
Performing	$	97,880,074	$	106,259,361	$	76,332,919	$	280,472,354
Nonperforming		687,508		1,191,136		1,083,894		2,962,538
	$	98,567,582	$	107,450,497	$	77,416,813	$	283,434,892

	As of December 31, 2011
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total
Performing	$	91,905,699	$	96,973,576	$	77,126,064	$	266,005,339
Nonperforming		1,306,663		1,133,475		1,097,016		3,537,154
	$	93,212,362	$	98,107,051	$	78,223,080	$	269,542,493

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the three months ended June 30, 2012								For the three months ended June 30, 2011
Classes of Loans/Leases	Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance		Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance
CONCESSION - Extension of maturity
Other Non Owner-Occupied Commercial Real Estate		-	$	-	$	-	$	-		1	$	2,851,134	$	2,851,134	$	-
TOTAL		-	$	-	$	-	$	-		1	$	2,851,134	$	2,851,134	$	-

	For the six months ended June 30, 2012								For the six months ended June 30, 2011
Classes of Loans/Leases	Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance		Number of Loans / Leases		Pre-Modification Recorded Investment		Post-Modification Recorded Investment		Specific Allowance
CONCESSION - Extension of maturity
Other Non Owner-Occupied Commercial Real Estate		-	$	-	$	-	$	-		1	$	2,851,134	$	2,851,134	$	-
		-	$	-	$	-	$	-		1	$	2,851,134	$	2,851,134	$	-
CONCESSION - Significant payment delay
Commercial and Industrial		-	$	-	$	-	$	-		4	$	1,175,819	$	1,175,819	$	-
Commercial Construction, Land Development, and Other Land		2		200,000		200,000		144,000		-		-		-		-
		2	$	200,000	$	200,000	$	144,000		4	$	1,175,819	$	1,175,819	$	-
CONCESSION - Interest rate adjusted below market
Commercial Construction, Land Development, and Other Land		1	$	337,500	$	337,500	$	-		-	$	-	$	-	$	-
Residential Real Estate		1		167,739		167,739		-		-		-		-		-
Installment and Other Consumer		1		16,043		16,043		-		-		-		-		-
		3	$	521,282	$	521,282	$	-		-	$	-	$	-	$	-
TOTAL		5	$	721,282	$	721,282	$	144,000		5	$	4,026,953	$	4,026,953	$	-