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Note 8 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
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, 2013:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 380,915,891     $ -     $ 380,915,891     $ -  

Residential mortgage-backed and related securities

    178,545,554       -       178,545,554       -  

Municipal securities

    36,828,850       -       36,828,850       -  

Trust preferred securities

    216,200       -       216,200       -  

Other securities

    1,758,905       264,869       1,494,036       -  
    $ 598,265,400     $ 264,869     $ 598,000,531     $ -  
                                 

December 31, 2012:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 338,609,371     $ -     $ 338,609,371     $ -  

Residential mortgage-backed and related securities

    163,601,103       -       163,601,103       -  

Municipal securities

    26,185,736       -       26,185,736       -  

Trust preferred securities

    139,400       -       139,400       -  

Other securities

    1,624,376       234,453       1,389,923       -  
    $ 530,159,986     $ 234,453     $ 529,925,533     $ -  
           

Fair Value Measurements at Reporting Date Using

 
   

Fair Value

   

Level 1

   

Level 2

   

Level 3

 

June 30, 2013:

                               

Impaired loans/leases

  $ 16,005,797     $ -     $ -     $ 16,005,797  

Other real estate owned

    4,167,319       -       -       4,167,319  
    $ 20,173,116     $ -     $ -     $ 20,173,116  
                                 

December 31, 2012:

                               

Impaired loans/leases

  $ 18,054,234     $ -     $ -     $ 18,054,234  

Other real estate owned

    4,270,901       -       -       4,270,901  
    $ 22,325,135     $ -     $ -     $ 22,325,135  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 

Fair Value

 

As of June 30, 2013

   

As of December 31, 2012

 
 

Hierarchy

 

Carrying

   

Estimated

   

Carrying

   

Estimated

 
 

Level

 

Value

   

Fair Value

   

Value

   

Fair Value

 
                                   

Cash and due from banks

Level 1

  $ 44,316,890     $ 44,316,890     $ 61,568,446     $ 61,568,446  

Federal funds sold

Level 2

    16,666,000       16,666,000       26,560,000       26,560,000  

Interest-bearing deposits at financial institutions

Level 2

    34,573,775       34,573,775       22,359,490       22,359,490  

Investment securities:

                                 

Held to maturity

Level 3

    105,201,749       99,500,594       72,079,385       73,005,706  

Available for sale

See Previous Table

    598,265,400       598,265,400       530,159,986       530,159,986  

Loans/leases receivable, net

Level 3

    14,820,182       16,005,797       16,716,883       18,054,234  

Loans/leases receivable, net

Level 2

    1,494,749,541       1,496,225,203       1,250,745,552       1,262,090,766  

Deposits:

                                 

Nonmaturity deposits

Level 2

    1,204,708,666       1,204,708,666       1,039,572,326       1,039,572,326  

Time deposits

Level 2

    512,071,244       517,791,000       334,541,774       337,343,000  

Short-term borrowings

Level 2

    157,186,204       157,186,204       171,082,961       171,082,961  

Federal Home Loan Bank advances

Level 2

    209,949,500       221,501,000       202,350,000       220,815,000  

Other borrowings

Level 2

    142,644,062       154,228,000       138,239,762       154,101,000  

Junior subordinated debentures

Level 2

    40,210,175       27,856,246       36,085,000       18,786,000