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Note 8 - Fair Value (Tables)
9 Months Ended
Sep. 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)

 
                                 

September 30, 2013:

                               

Securities available for sale:

                               

U.S. govt. sponsored agency securities

  $ 367,524,887     $ -     $ 367,524,887     $ -  

Residential mortgage-backed and related securities

    166,544,470       -       166,544,470       -  

Municipal securities

    36,459,170       -       36,459,170       -  

Other securities

    1,808,802       285,214       1,523,588       -  
    $ 572,337,329     $ 285,214     $ 572,052,115     $ -  
                                 

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

 

September 30, 2013:

                               

Impaired loans/leases

  $ 11,239,694     $ -     $ -     $ 11,239,694  

Other real estate owned

    9,175,463       -       -       9,175,463  
    $ 20,415,157     $ -     $ -     $ 20,415,157  

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  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Quantitave Information about Level Fair Value Measurments

 
   

Fair Value

 

Valuation Technique

Unobservable Input

 

Range

 

September 30, 2013:

                       

Impaired loans/leases

  $ 11,239,694  

Appraisal of collateral

Appraisal adjustments

    -10.00% to -40.00%  

Other real estate owned

    9,175,463  

Appraisal of collateral

Appraisal adjustments

    -25.00% to -50.00%  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 

Fair Value

 

As of September 30, 2013

   

As of December 31, 2012

 
 

Hierarchy

Level

 

Carrying

Value

   

Estimated

Fair Value

   

Carrying

Value

   

Estimated

Fair Value

 
                                   

Cash and due from banks

Level 1

  $ 58,724,270     $ 58,724,270     $ 61,568,446     $ 61,568,446  

Federal funds sold

Level 2

    48,192,000       48,192,000       26,560,000       26,560,000  

Interest-bearing deposits at financial institutions

Level 2

    15,862,796       15,862,796       22,359,490       22,359,490  

Investment securities:

                                 

Held to maturity

Level 3

    131,361,845       125,292,362       72,079,385       73,005,706  

Available for sale

See Previous Table

    572,337,329       572,337,329       530,159,986       530,159,986  

Loans/leases receivable, net

Level 3

    10,407,124       11,239,694       16,716,883       18,054,234  

Loans/leases receivable, net

Level 2

    1,506,914,312       1,521,560,306       1,250,745,552       1,262,090,766  

Deposits:

                                 

Nonmaturity deposits

Level 2

    1,295,910,195       1,295,910,195       1,039,572,326       1,039,572,326  

Time deposits

Level 2

    445,921,780       447,290,000       334,541,774       337,343,000  

Short-term borrowings

Level 2

    169,259,562       169,259,562       171,082,961       171,082,961  

Federal Home Loan Bank advances

Level 2

    205,350,000       216,440,000       202,350,000       220,815,000  

Other borrowings

Level 2

    142,646,212       154,164,000       138,239,762       154,101,000  

Junior subordinated debentures

Level 2

    40,257,438       27,903,509       36,085,000       18,786,000