XML 36 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
         
Fair Value Measurements at Reporting Date Using
 
   
Fair Value
   
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
                         
June 30, 2012:
                       
Securities available for sale:
                       
U.S. govt. sponsored agency securities
  $ 389,599,752     $ -     $ 389,599,752     $ -  
Residential mortgage-backed and related securities
    165,827,201       -       165,827,201       -  
Municipal securities
    81,071,908       -       81,071,908       -  
Trust preferred securities
    102,000       -       102,000       -  
Other securities
    1,536,975       215,189       1,321,786       -  
    $ 638,137,836     $ 215,189     $ 637,922,647     $ -  
                                 
December 31, 2011:
                               
Securities available for sale:
                               
U.S. govt. sponsored agency securities
  $ 428,955,220     $ -     $ 428,955,220     $ -  
Residential mortgage-backed and related securities
    108,853,749       -       108,853,749       -  
Municipal securities
    25,689,364       -       25,689,364       -  
Trust preferred securities
    80,800       -       80,800       -  
Other securities
    1,450,158       191,506       1,258,652       -  
    $ 565,029,291     $ 191,506     $ 564,837,785     $ -  
Fair Value Measurements, Nonrecurring [Table Text Block]
         
Fair Value Measurements at Reporting Date Using
 
   
Fair Value
   
Level 1
   
Level 2
   
Level 3
 
June 30, 2012:
                       
Impaired loans/leases
  $ 12,832,751     $ -     $ -     $ 12,832,751  
Other real estate owned
    9,866,918       -       -       9,866,918  
    $ 22,699,669     $ -     $ -     $ 22,699,669  
                                 
December 31, 2011:
                               
Impaired loans/leases
  $ 18,361,757     $ -     $ -     $ 18,361,757  
Other real estate owned
    9,056,619       -       -       9,056,619  
    $ 27,418,376     $ -     $ -     $ 27,418,376  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   
As of June 30, 2012
   
As of December 31, 2011
 
   
Carrying
Value
   
Estimated
Fair Value
   
Carrying
Value
   
Estimated
Fair Value
 
                         
Cash and due from banks
  $ 51,639,674     $ 51,639,674     $ 53,136,710     $ 53,136,710  
Federal funds sold
    3,625,000       3,625,000       20,785,000       20,785,000  
Interest-bearing deposits at financial institutions
    28,452,429       28,452,429       26,750,602       26,750,602  
Investment securities:
                               
Held to maturity
    700,000       700,000       200,000       200,000  
Available for sale
    638,137,836       638,137,836       565,029,291       565,029,291  
Loans/leases receivable, net
    1,194,579,266       1,214,239,000       1,181,956,235       1,202,817,000  
Accrued interest receivable
    6,735,326       6,735,326       6,510,021       6,510,021  
Deposits
    1,315,470,499       1,318,758,000       1,205,457,788       1,209,197,000  
Short-term borrowings
    185,399,038       185,399,038       213,536,450       213,536,450  
Federal Home Loan Bank advances
    203,750,000       222,454,000       204,750,000       223,678,000  
Other borrowings
    138,235,713       153,872,000       136,231,663       151,813,000  
Junior subordinated debentures
    36,085,000       18,670,000       36,085,000       18,444,000  
Accrued interest payable
    1,397,572       1,397,572       1,551,842       1,551,842  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   
Fair Value
   
Level 1
   
Level 2
   
Level 3
 
                         
Loans/leases receivable, net *
  $ 1,201,406,249     $ -     $ 1,201,406,249     $ -  
Time deposits
    371,942,000       -       371,942,000       -  
Federal Home Loan Bank advances
    222,454,000       -       222,454,000       -  
Other borrowings
    153,872,000       -       153,872,000       -  
Junior subordinated debentures
    18,670,000       -       18,670,000       -