Note 3 - Loans/Leases Receivable (Tables)

9 Months Ended

Sep. 30, 2012

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

	As of September 30, 2012			As of December 31, 2011
Commercial and industrial loans	$	355,003,888		$	350,794,278
Commercial real estate loans
Owner-occupied commercial real estate		199,788,124			167,790,621
Commercial construction, land development, and other land		49,191,909			60,384,738
Other non owner-occupied commercial real estate		345,923,717			349,628,491
		594,903,750			577,803,850
Direct financing leases *		102,038,868			93,212,362
Residential real estate loans **		112,492,219			98,107,051
Installment and other consumer loans		76,837,989			78,223,080
		1,241,276,714			1,198,140,621
Plus deferred loan/lease origination costs, net of fees		3,015,495			2,604,876
		1,244,292,209			1,200,745,497
Less allowance for estimated losses on loans/leases		(19,416,748	)		(18,789,262	)
	$	1,224,875,461		$	1,181,956,235
* Direct financing leases:
Net minimum lease payments to be received	$	115,931,555		$	106,389,988
Estimated unguaranteed residual values of leased assets		1,111,627			1,043,326
Unearned lease/residual income		(15,004,314	)		(14,220,952	)
		102,038,868			93,212,362
Plus deferred lease origination costs, net of fees		3,727,752			3,217,011
		105,766,620			96,429,373
Less allowance for estimated losses on leases		(1,884,985	)		(1,339,496	)
	$	103,881,635		$	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	$	352,308,795		$	872,105		$	15,252		$	149,750		$	1,657,986		$	355,003,888
Commercial Real Estate
Owner-Occupied Commercial Real Estate		198,070,105			-			1,046,835			-			671,184			199,788,124
Commercial Construction, Land Development, and Other Land		47,080,534			-			-			-			2,111,375			49,191,909
Other Non Owner-Occupied Commercial Real Estate		332,708,671			2,325,809			733,442			-			10,155,795			345,923,717
Direct Financing Leases		100,205,091			632,458			106,595			-			1,094,724			102,038,868
Residential Real Estate		111,142,654			-			-			-			1,349,565			112,492,219
Installment and Other Consumer		75,805,776			255,048			33,730			52,733			690,702			76,837,989
	$	1,217,321,626		$	4,085,420		$	1,935,854		$	202,483		$	17,731,331		$	1,241,276,714
As a percentage of total loan/lease portfolio		98.07	%		0.33	%		0.16	%		0.02	%		1.43	%		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	$	149,750	$	1,657,986	$	184,813	$	1,992,549		8.32	%
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		671,184		-		671,184		2.80	%
Commercial Construction, Land Development, and Other Land		-		2,111,375		337,500		2,448,875		10.23	%
Other Non Owner-Occupied Commercial Real Estate		-		10,155,795		5,303,365		15,459,160		64.57	%
Direct Financing Leases		-		1,094,724		-		1,094,724		4.57	%
Residential Real Estate		-		1,349,565		167,739		1,517,304		6.34	%
Installment and Other Consumer		52,733		690,702		16,043		759,478		3.17	%
	$	202,483	$	17,731,331	$	6,009,460	$	23,943,274		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 September 30, 2012
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate			Installment and Other Consumer			Total
Balance, beginning	$	4,180,792		$	10,709,991		$	1,610,999		$	986,714		$	1,236,039		$	18,724,535
Provisions charged to expense		136,766			721,358			350,194			233,226			54,650			1,496,194
Loans/leases charged off		(214,036	)		(552,959	)		(111,326	)		(183,031	)		(88,378	)		(1,149,730	)
Recoveries on loans/leases previously charged off		69,959			175,467			35,118			-			65,205			345,749
Balance, ending	$	4,173,481		$	11,053,857		$	1,884,985		$	1,036,909		$	1,267,516		$	19,416,748

	Three Months Ended September 30, 2011
	Commercial and Industrial			Commercial Real Estate			Direct Financing Leases			Residential Real Estate		Installment and Other Consumer			Total
Balance, beginning	$	7,124,444		$	8,602,639		$	1,591,309		$	757,075	$	1,727,165		$	19,802,632
Provisions charged to expense		(211,491	)		2,645,457			159,965			92,032		(228,998	)		2,456,965
Loans/leases charged off		(1,465,577	)		(852,174	)		(701,658	)		-		(84,358	)		(3,103,767	)
Recoveries on loans/leases previously charged off		174,013			212,683			2,344			-		33,616			422,656
Balance, ending	$	5,621,389		$	10,608,605		$	1,051,960		$	849,107	$	1,447,425		$	19,578,486

	Nine Months Ended September 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		(637,852	)		2,254,732			924,109			519,751			264,369			3,325,109
Loans/leases charged off		(669,778	)		(1,980,946	)		(454,590	)		(187,788	)		(416,179	)		(3,709,281	)
Recoveries on loans/leases previously charged off		603,105			183,113			75,970			-			149,470			1,011,658
Balance, ending	$	4,173,481		$	11,053,857		$	1,884,985		$	1,036,909		$	1,267,516		$	19,416,748

	Nine Months Ended September 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		1,005,002			3,038,359			463,850			101,079		588,560			5,196,850
Loans/leases charged off		(3,256,194	)		(1,773,711	)		(945,104	)		-		(701,390	)		(6,676,399	)
Recoveries on loans/leases previously charged off		323,659			256,642			2,642			-		110,436			693,379
Balance, ending	$	5,621,389		$	10,608,605		$	1,051,960		$	849,107	$	1,447,425		$	19,578,486

	As of September 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	$	274,666		$	3,482,125		$	157,900		$	169,196		$	68,673		$	4,152,560
Allowance for loans/leases collectively evaluated for impairment		3,898,815			7,571,732			1,727,085			867,713			1,198,843			15,264,188
	$	4,173,481		$	11,053,857		$	1,884,985		$	1,036,909		$	1,267,516		$	19,416,748
Loans/leases individually evaluated for impairment	$	1,071,050		$	18,450,756		$	1,094,724		$	1,517,304		$	759,478		$	22,893,312
Loans/leases collectively evaluated for impairment		353,932,838			576,452,994			100,944,144			110,974,915			76,078,511			1,218,383,402
	$	355,003,888		$	594,903,750		$	102,038,868		$	112,492,219		$	76,837,989		$	1,241,276,714
Allowance as a percentage of loans/leases individually evaluated for impairment		25.64	%		18.87	%		14.42	%		11.15	%		9.04	%		18.14	%
Allowance as a percentage of loans/leases collectively evaluated for impairment		1.10	%		1.31	%		1.71	%		0.78	%		1.58	%		1.25	%
		1.18	%		1.86	%		1.85	%		0.92	%		1.65	%		1.56	%

	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	$	845,703	$	1,635,373	$	-	$	787,146	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		542,721		542,721		-		657,327		-		-
Commercial Construction, Land Development, and Other Land		1,027,200		1,027,200		-		4,441,935		5,552		5,552
Other Non Owner-Occupied Commercial Real Estate		1,498,599		2,298,599		-		6,613,234		894		894
Direct Financing Leases		853,974		853,974		-		774,855		-		-
Residential Real Estate		948,653		1,131,684		-		861,102		5,037		5,037
Installment and Other Consumer		646,466		646,466		-		1,014,236		245		245
	$	6,363,316	$	8,136,017	$	-	$	15,149,835	$	11,728	$	11,728
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	225,347	$	247,599	$	274,666	$	543,668	$	5,935	$	5,935
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		-		-		-		-		-
Commercial Construction, Land Development, and Other Land		2,031,823		2,055,057		1,373,340		1,598,548		-		-
Other Non Owner-Occupied Commercial Real Estate		13,350,413		13,603,372		2,108,785		9,859,148		237,408		237,408
Direct Financing Leases		240,750		240,750		157,900		177,551		-		-
Residential Real Estate		568,651		568,651		169,196		463,361		-		-
Installment and Other Consumer		113,012		113,012		68,673		68,286		-		-
	$	16,529,996	$	16,828,441	$	4,152,560	$	12,710,562	$	243,343	$	243,343
Total Impaired Loans/Leases:
Commercial and Industrial	$	1,071,050	$	1,882,972	$	274,666	$	1,330,814	$	5,935	$	5,935
Commercial Real Estate
Owner-Occupied Commercial Real Estate		542,721		542,721		-		657,327		-		-
Commercial Construction, Land Development, and Other Land		3,059,023		3,082,257		1,373,340		6,040,483		5,552		5,552
Other Non Owner-Occupied Commercial Real Estate		14,849,012		15,901,971		2,108,785		16,472,382		238,302		238,302
Direct Financing Leases		1,094,724		1,094,724		157,900		952,406		-		-
Residential Real Estate		1,517,304		1,700,335		169,196		1,324,463		5,037		5,037
Installment and Other Consumer		759,478		759,478		68,673		1,082,522		245		245
	$	22,893,312	$	24,964,458	$	4,152,560	$	27,860,397	$	255,071	$	255,071

Information for Impaired Loans/Leases [Table Text Block]

	Three Months Ended September 30, 2012						Three Months Ended September 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	$	754,844	$	-	$	-	$	2,236,289	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		550,725		-		-		1,774,342		11,909		11,909
Commercial Construction, Land Development, and Other Land		1,323,689		1,701		1,701		286,339		-		-
Other Non Owner-Occupied Commercial Real Estate		5,798,404		-		-		1,730,764		-		-
Direct Financing Leases		680,817		-		-		668,944		-		-
Residential Real Estate		943,926		1,691		1,691		942,011		-		-
Installment and Other Consumer		1,063,519		121		121		710,560		-		-
	$	11,115,924	$	3,513	$	3,513	$	8,349,249	$	11,909	$	11,909
Impaired Loans/Leases with Specific Allowance Recorded:
Commercial and Industrial	$	223,917	$	1,984	$	1,984	$	1,534,968	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		-		-		-		360,894		-		-
Commercial Construction, Land Development, and Other Land		2,157,696		-		-		5,595,484		473		473
Other Non Owner-Occupied Commercial Real Estate		12,036,134		86,744		86,744		7,488,032		-		-
Direct Financing Leases		210,299		-		-		983,131		-		-
Residential Real Estate		524,031		-		-		200,625		-		-
Installment and Other Consumer		68,898		-		-		108,859		-		-
	$	15,220,975	$	88,728	$	88,728	$	16,271,993	$	473	$	473
Total Impaired Loans/Leases:
Commercial and Industrial	$	978,761	$	1,984	$	1,984	$	3,771,257	$	-	$	-
Commercial Real Estate
Owner-Occupied Commercial Real Estate		550,725		-		-		2,135,236		11,909		11,909
Commercial Construction, Land Development, and Other Land		3,481,385		1,701		1,701		5,881,823		473		473
Other Non Owner-Occupied Commercial Real Estate		17,834,538		86,744		86,744		9,218,796		-		-
Direct Financing Leases		891,116		-		-		1,652,075		-		-
Residential Real Estate		1,467,957		1,691		1,691		1,142,636		-		-
Installment and Other Consumer		1,132,417		121		121		819,419		-		-
	$	26,336,899	$	92,241	$	92,241	$	24,621,242	$	12,382	$	12,382

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 September 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)	$	331,637,518	$	193,587,897	$	42,177,159	$	311,918,867	$	879,321,441
Special Mention (Rating 6)		7,920,533		4,213,076		560,086		8,660,810		21,354,505
Substandard (Rating 7)		15,445,837		1,987,151		6,454,664		25,344,040		49,231,692
Doubtful (Rating 8)		-		-		-		-		-
	$	355,003,888	$	199,788,124	$	49,191,909	$	345,923,717	$	949,907,638

	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 September 30, 2012
Delinquency Status *	Direct Financing Leases		Residential Real Estate		Installment and Other Consumer		Total
Performing	$	100,944,144	$	110,974,915	$	76,078,511	$	287,997,570
Nonperforming		1,094,724		1,517,304		759,478		3,371,506
	$	102,038,868	$	112,492,219	$	76,837,989	$	291,369,076

	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 September 30, 2012								For the three months ended September 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		4	$	1,184,289	$	1,184,289	$	325,923		-	$	-	$	-	$	-
		4	$	1,184,289	$	1,184,289	$	325,923		-	$	-	$	-	$	-
CONCESSION - Interest rate adjusted below market
Other Non Owner-Occupied Commercial Real Estate		2	$	1,542,784	$	1,289,825	$	55,187		-	$	-	$	-	$	-
		2	$	1,542,784	$	1,289,825	$	55,187		-	$	-	$	-	$	-
TOTAL		6	$	2,727,073	$	2,474,114	$	381,110		-	$	-	$	-	$	-

	For the nine months ended September 30, 2012								For the nine months ended September 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		4	$	1,184,289	$	1,184,289	$	325,923		1	$	2,851,134	$	2,851,134	$	-
		4	$	1,184,289	$	1,184,289	$	325,923		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		-		-		-		-		-
		2	$	200,000	$	200,000	$	-		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	$	-		-	$	-	$	-	$	-
Other Non Owner-Occupied Commercial Real Estate		2		1,542,784		1,289,825		55,187		-		-		-		-
Residential Real Estate		1		167,739		167,739		-		-		-		-		-
Installment and Other Consumer		1		16,043		16,043		-		-		-		-		-
		5	$	2,064,066	$	1,811,107	$	55,187		-	$	-	$	-	$	-
TOTAL		11	$	3,448,355	$	3,195,396	$	381,110		5	$	4,026,953	$	4,026,953	$	-